CCEF vs. PCEF ETF Comparison

Comparison of Calamos CEF Income & Arbitrage ETF (CCEF) to PowerShares CEF Income Composite Portfolio (PCEF)
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

$28.53

Average Daily Volume

3,142

Number of Holdings *

39

* may have additional holdings in another (foreign) market
PCEF

PowerShares CEF Income Composite Portfolio

PCEF Description The PowerShares CEF Income Composite Portfolio (Fund) is based on the S-Network Composite Closed-End Fund IndexSM (Index). The Fund will normally invest at least 90% of its total assets in securities of funds included in the Index. The Fund is a "fund of funds," as it invests its assets in the common shares of funds included in the Index rather than in individual securities. The Index currently includes closed-end funds that invest in taxable investment grade fixed-income securities, taxable high yield fixed-income securities and others utilize an equity option writing (selling) strategy. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$19.40

Average Daily Volume

105,654

Number of Holdings *

103

* may have additional holdings in another (foreign) market
Performance
Period CCEF PCEF
30 Days -0.15% -0.63%
60 Days 0.75% 0.39%
90 Days 4.77% 3.17%
12 Months 21.69%
19 Overlapping Holdings
Symbol Grade Weight in CCEF Weight in PCEF Overlap
BBN D 2.57% 1.17% 1.17%
BDJ B 2.63% 2.68% 2.63%
BME D 1.44% 0.83% 0.83%
BST B 1.51% 1.91% 1.51%
CII B 2.01% 1.43% 1.43%
DIAX A 1.96% 1.04% 1.04%
EFT A 1.0% 0.36% 0.36%
ERC C 2.99% 0.41% 0.41%
ETW B 2.74% 1.73% 1.73%
EXG C 2.96% 4.37% 2.96%
FFC D 2.08% 1.2% 1.2%
HFRO F 1.76% 1.21% 1.21%
HIX A 2.01% 0.47% 0.47%
HTD A 3.15% 1.32% 1.32%
JGH B 1.01% 0.45% 0.45%
JPC A 1.55% 2.95% 1.55%
JQC A 1.89% 0.92% 0.92%
NBB D 2.95% 0.55% 0.55%
PDT C 4.18% 0.73% 0.73%
CCEF Overweight 20 Positions Relative to PCEF
Symbol Grade Weight
THQ D 3.72%
KYN A 3.44%
RQI C 3.02%
RIV C 3.02%
EMO A 3.0%
AOD D 2.96%
ASGI A 2.79%
ASG B 2.73%
IIF D 2.7%
RA C 2.58%
IFN D 2.44%
NML A 2.17%
EVT A 1.92%
EMF D 1.62%
NTG A 1.56%
BTO A 1.06%
ACP A 0.98%
RMT B 0.94%
CAF C 0.52%
TDF D 0.51%
CCEF Underweight 84 Positions Relative to PCEF
Symbol Grade Weight
BIGZ A -3.13%
BMEZ D -2.98%
BSTZ B -2.87%
ETY B -2.8%
BCAT A -2.49%
BXMX A -2.45%
ETV A -2.44%
NFJ B -2.33%
QQQX B -2.18%
JFR A -1.76%
EVV C -1.68%
BTZ D -1.5%
EOS A -1.44%
FPF D -1.33%
PDO C -1.32%
HYT A -1.27%
BOE B -1.24%
DSL C -1.16%
AWF D -1.08%
WIW C -1.0%
BGY D -0.99%
EOI A -0.97%
ETJ B -0.91%
LDP C -0.88%
EMD C -0.84%
IGD A -0.71%
PHK B -0.68%
NPFD A -0.68%
BGR A -0.67%
DFP D -0.66%
ETB A -0.64%
PCN A -0.61%
EAD C -0.59%
BIT C -0.57%
HIO C -0.55%
PFN B -0.55%
BUI D -0.54%
ISD C -0.53%
BLW C -0.52%
VVR D -0.51%
FRA A -0.5%
BHK D -0.5%
EDD D -0.5%
FFA A -0.49%
PPT D -0.49%
STK A -0.48%
SPXX A -0.47%
BGH B -0.46%
DSU A -0.45%
EOD C -0.4%
MCR D -0.4%
HPS D -0.4%
MMT D -0.39%
EFR A -0.39%
FTF C -0.39%
FCT A -0.39%
MCI A -0.39%
HPI D -0.38%
TEI D -0.37%
MIN C -0.36%
PSF D -0.35%
GBAB D -0.34%
PHT C -0.34%
PCF A -0.33%
DHY A -0.32%
HPF D -0.32%
DHF A -0.31%
FLC D -0.29%
PFL C -0.29%
IDE A -0.28%
BGT B -0.27%
DBL D -0.24%
TSI D -0.24%
IGA A -0.24%
HEQ C -0.24%
BGX A -0.19%
HYB A -0.19%
NHS D -0.18%
EHI C -0.18%
VBF D -0.18%
MSD D -0.17%
EVG C -0.15%
CIK D -0.14%
PHD A -0.14%
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