CCEF: Significant Diversification And Decent Results So Far

2025-02-10 18:18:11 ET

Summary

• Calamos CEF Income & Arbitrage ETF offers high monthly income by investing in a diversified portfolio of income-producing closed-end funds.
• This fund-of-funds approach provides significant diversification in one investment, as the exposure ends up being spread across a diverse group of different assets and sectors.
• The ETF has a higher total expense ratio, primarily driven by the underlying CEF expenses; still, they've been able to deliver some solid results.

Written by Nick Ackerman, co-produced by Stanford Chemist

Calamos CEF Income & Arbitrage ETF ( CCEF ) launched just over a year ago and has been performing fairly well. Calamos is a fund sponsor that has managed closed-end funds, mostly convertible-focused CEFs, for a number of years, and this is their efforts in the fund-of-funds space. This can come with tons of diversification through one single investment, as each underlying holding can sometimes have hundreds or thousands of its own holdings within the CEF structure....

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