---
ticker: "CCEF"
name: "Calamos CEF Income & Arbitrage ETF"
url: "https://etf.net/etf/CCEF"
grade: "B"
score: 59
graded_at: "2026-10-12"
category: "Closed-End Fund Portfolios"
category_rank: "2 of 7"
methodology: "https://etf.net/methodology"
---

# CCEF: Calamos CEF Income & Arbitrage ETF

Grade **B**, Score 59 of 100. Rank 2 of 7 in Closed-End Fund Portfolios.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 85 | 1 of 7 |
| Mission | Not scored | — |
| Risk | 48 | 4 of 7 |
| Tradability | 26 | 6 of 7 |
| Holdings | 61 | 4 of 7 |
| Durability | 31 | 7 of 7 |

## Top holdings

The fund holds 59 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | ETW | Eaton Vance Tax Managed Global Buy Write Opportunities Fund | 4.31% |
| 2 | NIE | Virtus Equity & Convertible Income Fund | 4.06% |
| 3 | PEO | Adams Natural Resources Fund, Inc. | 3.84% |
| 4 | BMEZ | BlackRock Health Sciences Term Trust | 3.82% |
| 5 | DNIF | Bexil Investment Trust | 3.63% |
| 6 | BGY | BlackRock Enhanced International Dividend Trust | 3.07% |
| 7 | EMO | ClearBridge Energy Midstream Opportunity Fund, Inc. | 2.99% |
| 8 | PDT | John Hancock Premium Dividend Fund | 2.94% |
| 9 | AIO | Virtus Artificial Intelligence & Technology Opportunities Fund | 2.82% |
| 10 | EMF | Templeton Emerging Markets Fund/United States | 2.79% |
| 11 | SPXX | Nuveen S&P 500 Dynamic Overwrite Fund | 2.71% |
| 12 | NMAI | Nuveen Multi-Asset Income Fund | 2.67% |
| 13 | SCD | LMP Capital and Income Fund, Inc. | 2.57% |
| 14 | FSCO | FS Credit Opportunities Corp. | 2.45% |
| 15 | MSD | Morgan Stanley Emerging Markets Debt Fund, Inc. | 2.45% |
| 16 | NRO | Neuberger Real Estate Securities Income Fund, Inc. | 2.19% |
| 17 | BDJ | BlackRock Enhanced Equity Dividend Trust | 2.07% |
| 18 | ETY | Eaton Vance Tax-Managed Diversified Equity Income Fund | 2.05% |
| 19 | GGN | GAMCO Global Gold Natural Resources & Income Trust | 1.99% |
| 20 | KYN | Kayne Anderson Energy Infrastructure Fund | 1.97% |
| 21 | NML | Neuberger Energy Infrastructure and Income Fund, Inc. | 1.91% |
| 22 | GHY | PGIM Global High Yield Fund, Inc. | 1.89% |
| 23 | ERC | Allspring Multi-Sector Income Fund | 1.89% |
| 24 | RVT | Royce Small-Cap Trust, Inc. | 1.89% |
| 25 | FFC | Flaherty & Crumrine Preferred and Income Securities Fund | 1.88% |
| 26 | HFRO | Highland Opportunities and Income Fund | 1.63% |
| 27 | BGX | Blackstone Long-Short Credit Income Fund | 1.51% |
| 28 | EAD | Allspring Income Opportunities Fund | 1.50% |
| 29 | UTF | Cohen & Steers Infrastructure Fund, Inc. | 1.46% |
| 30 | STEW | SRH Total Return Fund, Inc. | 1.44% |

Source: etf.net, https://etf.net/etf/CCEF. Please cite the page URL.