BELT vs. CCEF ETF Comparison

Comparison of BlackRock Long-Term U.S. Equity ETF (BELT) to Calamos CEF Income & Arbitrage ETF (CCEF)

BELT

BlackRock Long-Term U.S. Equity ETF

BELT Description

Under normal circumstances, the fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities of U.S. issuers and derivatives with similar economic characteristics. It may invest up to 20% of its assets in equity securities of foreign issuers, including ADRs and GDRs. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$30.26

Average Daily Volume

6,707

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

CCEF

Calamos CEF Income & Arbitrage ETF

CCEF Description

The fund is an actively managed exchange-traded fund (ETF) that seeks high current income and long-term capital appreciation by investing in unaffiliated closed-end funds that the fund's investment adviser, Calamos Advisors LLC, believes offer both attractive income opportunities as well as arbitrage opportunities resulting from such closed-end funds trading at attractive discounts. Under normal circumstances, the fund seeks to achieve its investment objectives by investing at least 80% of its net assets in U.S. and non-U.S. closed-end funds. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$28.58

Average Daily Volume

4,529

Number of Holdings ^*

7

* may have additional holdings in another (foreign) market

Performance

Period	BELT	CCEF
30 Days	2.26%	3.91%
60 Days	4.81%	5.68%
90 Days	0.13%	9.52%
12 Months

0 Overlapping Holdings

	Symbol	Grade	Weight in BELT	Weight in CCEF	Overlap

BELT Overweight 10 Positions Relative to CCEF

	Symbol	Grade	Weight
	MSFT	C	13.09%
	META	B	7.89%
	GOOG	D	7.27%
	NVO	C	7.08%
	MA	B	6.55%
	SPGI	B	5.21%
	TT	B	4.9%
	CDNS	D	4.75%
	ISRG	B	4.0%
	IR	C	3.97%

BELT Underweight 7 Positions Relative to CCEF

	Symbol	Grade	Weight
	PDT	B	-4.09%
	THQ	B	-3.79%
	BDJ	B	-3.58%
	EXG	B	-3.45%
	ETW	B	-3.25%
	RA	B	-3.02%
	HTD	B	-3.02%

BELT: Top Represented Industries & Keywords

Industries: Internet Content & Information Biotechnology Capital Markets Credit Services Diversified Industrials Medical Instruments & Supplies Software - Application Software - Infrastructure Specialty Industrial Machinery

Keywords: S&P 500 Nasdaq 100 Computing Hyperscale Software Refrigeration Sql Thermo King Work From Home 3 D Access Control Access Control Systems Advertising Network Air Conditioning Air Conditioning Systems Air Systems Analytic Services Analytical Tool Analytical Tools Anti Diabetic Drugs

CCEF: Top Represented Industries & Keywords

Industries: Asset Management

Keywords: ETF Exchange Traded Fund Mutual Fund Stock Fund Dividend Eaton Vance Sovereign Wealth Funds Blackrock Bond Brookfield Property Partners Calvert Investments Cboe S&P 500 Buywrite Index Companies Listed On The Toronto Stock Exchange Credit Rating Debt Securities Dividend Yield Financial Management Financial Market Healthcare Sector Income Fund