Calamos CEF Income & Arbitrage ETF
$28.20−0.13 (−0.47%)
- 3.19%
- $35M
- +7.0%
- 8.32%
- 3.8K sh
- low $27.54high $30.40
The ETF.net CCEF Grade
C
Score 42 out of 100
- 6 of 7
Score 42 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C43 out of 100Rank 4 of 7Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C51 out of 100Rank 4 of 7Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D27 out of 100Rank 6 of 7Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B61 out of 100Rank 4 of 7Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D31 out of 100Rank 7 of 7
Our read on CCEF
In short
CActive basket of about 50 US and non-US closed-end funds, picked for income and for the gap between price and net asset value. Pays monthly, and the S-Network CEF index is a yardstick it is measured against, not a list it copies.
Stated mandate
The actively managed fund seeks high current income and long-term capital appreciation by investing primarily in unaffiliated U.S. and non-U.S. closed-end funds selected for income and discount-related arbitrage opportunities.
Why people hold it
Worth knowing
CCEF Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
CCEF$10,695
Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | CCEF |
|---|---|
| Year to date | +5.1% |
| 1 month | +0.2% |
| 3 months | −1.3% |
| 1 year | +7.0% |
| 3 years | |
| 5 years | |
| 10 years |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | CCEF |
|---|---|---|
| 2026 YTD | +5.1% | |
| 2025 | +13.4% | |
| 2024 | +18.8% |
CCEF in the news
CCEF Dividends
- 8.32%
- $2.37
- $0.19 per share
- Monthly
CCEF Risk
- 9.6%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.90
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −13.3%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.67
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
CCEF Cost
Overpaying vs CEFS, cheapest in Closed-End Fund Portfolios
$5,586
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
CCEF 3.19%
$45,420
CEFS 2.61% Cheapest
$39,834
Cost over time
Year by year
| Year | CCEF | CEFS | Overpaying |
|---|---|---|---|
| 10 | $5,137 | $4,305 | $832 |
| 20 | $17,572 | $15,082 | $2,490 |
| 30 | $45,420 | $39,834 | $5,586 |
Other funds in Closed-End Fund Portfolios
- BCEFSSaba Opportunistic Hedged Closed-End Funds ETFExpense ratio 2.61%1 year return +13.4%
- CYYYAmplify CEF High Income ETFExpense ratio 3.23%1 year return −0.5%
- CCEFZRiverNorth Active Income ETFExpense ratio 2.82%1 year return +5.6%
- CFCEFFirst Trust Income Opportunities ETFExpense ratio 3.69%1 year return +7.3%
- DRDFIRareview Dynamic Fixed Income ETFExpense ratio 4.23%1 year return −2.2%
