| Investment Objective: |
Calamos Nasdaq Equity & Income ETF is an actively managed ETF that seeks to deliver convertible security-like exposure to companies within the Nasdaq-100 Index. This investment approach is an alternative way to access Nasdaq-100 stocks by seeking to offer upside potential through the options and seeking to limit the downside through the fixed income portfolio. The Fund uses a hybrid investment approach that utilizes equity and fixed income strategies. The equity exposure is achieved through investment in alternative instruments by purchasing the right to acquire an optimal number of stocks selected from the Nasdaq-100 Index based on a variety of factors including but not limited to liquidity and market capitalization and purchasing the right to acquire the corresponding stocks. The fixed income instruments are selected based on credit quality, yield, duration, liquidity, and such other factors as deemed relevant by the Adviser. The Adviser has the flexibility to actively manage the equity exposure by both buying and selling options on equities, equity ETFs, warrants, long-dated call options ("LEAPS Options"), Flexible Exchange Options ("FLEX Options"), or similar instruments determining the option delta, strikes and maturity. |
