CANQ vs. DWAT ETF Comparison

Comparison of Calamos Alternative Nasdaq & Bond ETF (CANQ) to Arrow DWA Tactical ETF (DWAT)

CANQ

Calamos Alternative Nasdaq & Bond ETF

CANQ Description

The fund pursues its objective by investing, under normal circumstances, at least 80%, but up to 100%, of its net assets (plus borrowings for investment purposes, if any) in a portfolio of equity instruments (including options and equity ETFs) and fixed income instruments (including bonds and fixed income ETFs) intended to deliver convertible security-like exposure to companies in the Nasdaq-100 Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$26.91

Average Daily Volume

462

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

DWAT

Arrow DWA Tactical ETF

DWAT Description

The investment seeks to achieve long-term capital appreciation with capital preservation as a secondary objective. The fund primarily invests in other exchange traded funds that each invest primarily in domestic and foreign, equity securities of any market capitalization, fixed-income securities of any credit quality, or alternative assets. The fund may invest up to 25% of its total assets in the Tactical Subsidiary. The Tactical Subsidiary will invest primarily in commodity futures, fixed-income securities and cash equivalents, which are intended to serve as margin or collateral for its investments in commodity futures. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$11.58

Average Daily Volume

670

Number of Holdings ^*

5

* may have additional holdings in another (foreign) market

Performance

Period	CANQ	DWAT
30 Days	4.20%	4.43%
60 Days	7.99%	11.32%
90 Days	-0.14%	3.50%
12 Months		20.64%

0 Overlapping Holdings

	Symbol	Grade	Weight in CANQ	Weight in DWAT	Overlap

CANQ Overweight 8 Positions Relative to DWAT

	Symbol	Grade	Weight
	MTBA	C	20.09%
	FLBL	A	19.7%
	SPHY	B	17.4%
	VWOB	B	12.3%
	JAAA	C	6.62%
	SCHJ	B	4.37%
	USIG	B	3.4%
	VCLT	C	2.92%

CANQ Underweight 5 Positions Relative to DWAT

	Symbol	Grade	Weight
	RPV	A	-10.51%
	MTUM	A	-8.9%
	PHYS	A	-8.77%
	PSLV	B	-8.61%
	PFM	A	-8.51%

CANQ: Top Represented Industries & Keywords

Industries:

Keywords: Exchange Traded Fund ETF Bond Structured Finance Bloomberg Barclays Us Aggregate Bond Index Bond Market Indices Causes Of The Great Recession Collateralized Debt Obligation Collateralized Loan Obligation Commercial Mortgage Commercial Mortgage Backed Security Corporate Bond Fannie Mae Federal National Mortgage Association Fixed Income Securities Freddie Mac Ftse 100 Index Ftse Group Ftse Italy Index Banks Government National Mortgage Association

DWAT: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Bullion Mutual Fund Mutual Fund Trust Precious Metals Silver Exchange Traded Product Stock Market Index Capitalization Weighted Index Dividend Exchange Traded Products Index Fund Invesco Powershares MSCI EAFE Msci Us Reit Index Nasdaq Composite Index S&P 500 Index CBOE S&P 500 Publishing & Printing (Sub Ind) Silver Sprott Molybdenum Participation Corporation