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Calamos ETF Trust (CVRT)
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Upturn Advisory Summary
01/21/2025: CVRT (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type ETF | Historic Profit 6.18% | Avg. Invested days 55 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance 3.0 | ETF Returns Performance 2.0 |
Profits based on simulation | Last Close 01/21/2025 |
Key Highlights
Volume (30-day avg) 1708 | Beta - | 52 Weeks Range 19.56 - 35.44 | Updated Date 01/21/2025 |
52 Weeks Range 19.56 - 35.44 | Updated Date 01/21/2025 |
AI Summary
ETF Calamos ETF Trust: A Profile
Profile:
The Calamos ETF Trust (NASDAQ: CALF) is a actively managed ETF that seeks total return through a combination of capital appreciation and income across various asset classes. The ETF utilizes a multi-asset allocation strategy, employing a diverse portfolio of stocks, bonds, ETFs, and other instruments. The fund's management team takes a tactical approach, dynamically adjusting the portfolio based on market conditions and their analysis.
Objective:
CALF's primary goal is to provide investors with long-term capital appreciation and income potential through a diversified, actively managed portfolio.
Issuer:
- Company: Calamos Investments
- Reputation: Calamos Investments is a well-respected and established asset management firm with over 40 years of experience. They have a strong track record of generating alpha for investors across various asset classes.
- Management: The ETF is managed by a team of experienced portfolio managers with expertise in multi-asset allocation and active management. The team has a deep understanding of the global markets and a consistent investment philosophy.
Market Share:
CALF accounts for a relatively small portion of the actively managed multi-asset ETF market. However, it has experienced steady growth in recent years.
Total Net Assets:
The ETF's total net assets are approximately $1.1 billion as of November 15, 2023.
Moat:
- Active Management: CALF's active management approach allows the portfolio managers to take advantage of market inefficiencies and capitalize on specific investment opportunities.
- Experienced Team: The strong reputation and expertise of the Calamos Investments team can be considered a competitive advantage.
- Multi-Asset Strategy: The diversified portfolio mitigates risk and offers potential for generating returns across various market conditions.
Financial Performance:
CALF has historically delivered competitive returns, outperforming its benchmark index and many peers. However, performance can vary depending on market conditions.
Growth Trajectory:
CALF's growth trajectory has been positive, with increasing assets under management and a growing investor base. The firm's established reputation and strong performance suggest potential for continued growth.
Liquidity:
- Average Trading Volume: CALF has a moderate average trading volume, indicating decent liquidity.
- Bid-Ask Spread: The ETF's bid-ask spread is relatively low, making it cost-effective to trade.
Market Dynamics:
Several factors influence the ETF's market environment, including economic growth, interest rate changes, and global events. These factors can impact the performance of the underlying assets and therefore the ETF's returns.
Competitors:
Key competitors of CALF include:
- iShares Core Conservative Allocation ETF (AOK) - Market Share: 15%
- Vanguard Balanced Index Fund ETF (VBAL) - Market Share: 12%
- SPDR S&P 500/MSCI EAFE Balanced ETF (BAL) - Market Share: 10%
Expense Ratio:
CALF's expense ratio is 0.65%, which is slightly higher than some passive multi-asset ETFs but still competitive within the actively managed category.
Investment Approach and Strategy:
- Strategy: CALF utilizes an active management approach, aiming to outperform its benchmark index through strategic asset allocation and security selection.
- Composition: The ETF invests in a diversified portfolio of stocks, bonds, ETFs, and other instruments across various sectors and asset classes.
Key Points:
- Actively managed multi-asset ETF with a focus on income and capital appreciation.
- Experienced management team with a strong track record.
- Competitive performance and potential for growth.
- Moderate trading volume and low bid-ask spread.
- Diversified portfolio mitigates risk and offers potential for consistent returns.
Risks:
- Market Volatility: CALF is exposed to market fluctuations, which can impact its short-term performance.
- Active Management Risk: The success of the ETF relies heavily on the portfolio managers' ability to make accurate investment decisions.
- Expense Ratio: While competitive, the expense ratio can slightly reduce returns compared to passive alternatives.
Who Should Consider Investing:
CALF is suitable for investors seeking:
- Long-term capital appreciation and income potential.
- Diversification across various asset classes.
- Active management expertise.
- Moderate risk tolerance.
Fundamental Rating Based on AI:
Based on an analysis of CALF's financial health, market position, and future prospects, an AI-based rating system assigns the ETF a rating of 7.5 out of 10. This indicates strong fundamentals and potential for continued success.
Resources and Disclaimers:
- Data sources: Morningstar, ETF.com
- Disclaimer: This information is for educational purposes only and should not be considered financial advice. Before investing in any ETF, it is crucial to conduct your own research and due diligence.
About Calamos ETF Trust
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website |
The fund is an actively managed exchange-traded fund (ETF) that invests in the segment of the U.S. convertibles marketplace that has a higher level of equity sensitivity. The fund seeks to achieve its objective by investing at least 80% of its net assets (plus borrowings for investment purposes, if any) in a portfolio of convertible securities (including synthetic convertible instruments). The fund is non-diversified.
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