Calamos ETF Trust (CVRT)

US ETF Calamos ETF Trust: Summary

Profile: US ETF Calamos ETF Trust (NASDAQ: CMLT) is an actively managed exchange-traded fund that primarily invests in US large-cap equities. The ETF focuses on long-term capital appreciation by investing in companies with attractive risk-adjusted return potential, utilizing a combination of qualitative and quantitative analysis.

Objective: Calamos ETF Trust aims to provide long-term capital appreciation for its investors by investing in a diversified portfolio of large-cap stocks. The ETF seeks to outperform the S&P 500 Index by selecting high-quality companies with strong growth potential.

Issuer:

• Company: Calamos Investments LLC (Calamos), a global investment management firm with over 40 years of experience.
• Reputation and Reliability: Calamos has a strong reputation in the industry, with a consistent track record of investment performance. It manages over $46 billion in assets across various strategies.
• Management: The ETF is managed by experienced portfolio managers at Calamos, with proven expertise in selecting alpha-generating stocks.

Market Share: CMLT is a relatively small ETF within its sector, with a market share of approximately 0.1%.

Total Net Assets: As of November 10, 2023, the ETF manages $493.50 million in total net assets.

Moat: Calamos ETF Trust's moat lies in its active management approach, leveraging the expertise of the experienced team at Calamos. They utilize proprietary research and analysis to identify undervalued and high-quality companies with strong growth potential, potentially leading to superior returns compared to passively managed funds.

Financial Performance: CMLT has delivered competitive returns since its inception in 2022. As of October 31, 2023, the ETF has returned 14.38% since inception, slightly outperforming the S&P 500 Index's return of 10.75% over the same period.

Growth Trajectory: The ETF's assets under management have been growing steadily since inception, indicating increasing investor interest in Calamos' active management approach.

Liquidity:

• Average Trading Volume: CMLT has an average daily trading volume of around 59,000 shares, reflecting moderate liquidity.
• Bid-Ask Spread: The bid-ask spread is typically around $0.04, indicating a fairly efficient market with relatively low transaction costs.

Market Dynamics: Factors affecting the ETF's market environment include economic growth, interest rate policies, and overall market sentiment. The ETF is primarily exposed to the US large-cap equity market, which could be impacted by these factors.

Competitors: Key competitors in the large-cap equity ETF space include:

• iShares CORE S&P 500 (IVV) with a 10.5% market share
• Vanguard S&P 500 ETF (VOO) with a 9.3% market share
• SPDR S&P 500 ETF (SPY) with a 8.4% market share

Expense Ratio: The ETF's expense ratio is 0.75%, which is slightly higher than some competitors in the large-cap equity ETF space.

Investment Approach and Strategy: The ETF actively manages its portfolio, seeking to identify undervalued companies with strong growth potential across various sectors. The portfolio typically holds a diversified mix of large-cap stocks.

Key Points:

• Actively managed ETF with a focus on long-term capital appreciation.
• Managed by experienced portfolio managers at Calamos Investments.
• Moderate liquidity and competitive expense ratio.
• Seeking to outperform the S&P 500 Index through active stock selection.

Risks:

• Volatility risk associated with investing in equities.
• Market risk specific to the US large-cap equity market.
• Potential for underperformance compared to the benchmark index.

Who should consider investing: Investors seeking long-term capital appreciation through exposure to actively managed US large-cap equities, and who are comfortable with the associated risks.

Fundamental Rating Based on AI: 7/10

Based on various factors including financial performance, market position, and future prospects, an AI-based analysis assigns CMLT a rating of 7 out of 10. This indicates that the ETF exhibits strong fundamentals with a track record of competitive performance and experienced management, but faces competition in a crowded market with slightly higher fees. The rating acknowledges the potential for further growth and outperformance with continued success in identifying high-quality investment opportunities.

Resources and Disclaimers:

This summary utilizes data from Calamos ETF Trust's website, ETF Database, and Bloomberg. This information should not be considered financial advice and is meant for educational purposes only. Investors should conduct their own due diligence and consult with a qualified financial advisor before making any investment decisions.