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CANQCalamos Nasdaq Equity & Income ETF

Get incomeDiversifier2y track recordRanked #206 of 266 in this goal

Seeks attractive risk-adjusted total return through capital appreciation and current income.

By Calamos · Launched 2024

Annual Cost

0.94%

#4,779 of 5,861 · expensive

Fund Size

$22M

#4,416 of 5,861 · small

Dividend YieldGoal

4.17%

Track Record

2 years

#3,351 of 5,861 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$10,777+7.8%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Option income

Index tracked

Nasdaq-100 Index

What it actually holds

By weight

Concentration

Top 10 holdings = 90.1% of fund✓ diversified through underlying funds

Simplify MBS ETF
24.3%
Vanguard Emerging Markets Government Bond ETF
21.6%
State Street SPDR Portfolio High Yield Bond ETF
15.0%
Janus Henderson AAA CLO ETF
11.3%
Schwab 1-5 Year Corporate Bond ETF
4.5%
iShares Broad USD Investment Grade Corporate Bond ETF
4.0%
iShares 5-10 Year Investment Grade Corporate Bond ETF
2.8%
Franklin Senior Loan ETF
2.5%
Goldman Sachs & Co. LLC
2.2%
Goldman Sachs & Co. LLC
1.9%

Asset allocation

Bonds
73.3%
Stocks
16.7%
Cash
9.9%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
11.6%Moderate

Year-on-year price swings

Max drawdown
-12.8%Mild

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Bond profile

Duration

5.5 years

Avg maturity

9.8 years

Credit ratings

US Government
23.2%
AAA
19.0%
AA
5.0%
A
13.4%
BBB
17.1%
BB
24.4%
B
15.3%
Below B
4.7%
Other
1.2%

Listing

Exchange
NASDAQ Global Select Market

Full fund details

Objective
Seeks attractive risk-adjusted total return through capital appreciation and current income.
Strategy
Actively manages a hybrid portfolio to deliver convertible security-like exposure to companies in the Nasdaq-100 Index, using equity and fixed income strategies. This includes options and equity ETFs to provide upside potential while limiting downside risk.
Inception date
February 12, 2024
Fund family
Calamos

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

The big yield isn't extra money

The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.

Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-04