Calamos Convertible Equity Alternative ETF (CVRT)
ARCA ARCA Primary Summary
CVRT Chart
Calamos Convertible Equity Alternative ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Paul Zarling Client First Investment Management LLC | 62,004 | $3.19M | $2.93M | -$259,394 | -8.13% |
 Grantvest Financial Group LLC Grantvest Financial Group LLC | 8,251 | $317,818.54 | $389,416.67 | $71,598.13 | 22.53% |
| AH Allen Hamilton Liberty Square Wealth Partners LLC | 12,000 | $359,697.58 | $564,600 | $204,902.42 | 56.97% |
Calamos Convertible Equity Alternative ETF (CVRT) FAQ
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Calamos Convertible Equity Alternative ETF Profile
| ARCA Exchange | US Country |
Overview
The fund is an actively managed exchange-traded fund (ETF) that specializes in investing in the more equity-sensitive segment of the U.S. convertibles marketplace. Aimed at investors seeking to engage with convertible securities that align closely with equity performance, the fund proactively manages a portfolio designed to capitalize on this feature. With a focus on achieving its investment objectives, the fund dedicates at least 80% of its net assets, including any borrowings for investment purposes, toward a diverse range of convertible securities, which can also encompass synthetic convertible instruments. This approach marks the fund as non-diversified, implying a strategic concentration in this particular financial niche.
Products and Services
The fund offers a targeted investment product focused on creating value through a specialized approach:
- Portfolio of Convertible Securities: The core offering involves investing in a curated portfolio of convertible securities, including bonds and preferred stocks that can be converted into a predetermined number of common shares, typically of the issuing company. This blend allows investors to potentially benefit from equity market movements while providing a bond-like income.
These investments are characterized by their higher equity sensitivity, meaning they are likely to respond more dramatically to changes in the equity markets compared to other fixed-income securities. This positions the fund uniquely for investors interested in convertible securities that offer both the growth potential of stocks and the income features of bonds.
- Synthetic Convertible Instruments: Apart from traditional convertible securities, the fund also ventures into synthetic convertible instruments. Synthetic convertibles mimic the behavior of regular convertibles through a combination of financial instruments, such as a long position in a company's bonds or stocks coupled with a derivative position, usually in the form of options.
This innovative approach allows the fund to engineer exposure to desired segments of the equity market with potentially lower costs or specific risk profiles. By including synthetic convertibles, the fund diversifies its strategies in managing equity sensitivity, aiming to enhance risk-adjusted returns for its investors.
