RTAI vs. CCEF ETF Comparison

Comparison of Rareview Tax Advantaged Income ETF (RTAI) to Calamos CEF Income & Arbitrage ETF (CCEF)

RTAI

Rareview Tax Advantaged Income ETF

RTAI Description

The investment seeks total return with an emphasis on providing current income, a substantial portion of which will be exempt from federal income taxes. Under normal market conditions, the fund will invest in municipal bond closed-end funds trading at a discount or premium to their underlying net asset value and that pay regular periodic cash distributions. While it will invest primarily in closed-end funds, the fund may invest up to 30% of its assets in municipal or short term Treasury ETFs if in the adviser's discretion, the ETFs will provide a better investment opportunity or liquidity for the asset class. It is non-diversified.

Grade (RS Rating)

Last Trade

$21.53

Average Daily Volume

1,523

Number of Holdings ^*

11

* 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

$27.28

Average Daily Volume

3,963

Number of Holdings ^*

9

* may have additional holdings in another (foreign) market

Performance

Period	RTAI	CCEF
30 Days	1.92%	3.58%
60 Days	3.40%	4.36%
90 Days	5.70%	7.38%
12 Months	7.69%

0 Overlapping Holdings

	Symbol	Grade	Weight in RTAI	Weight in CCEF	Overlap

RTAI Overweight 11 Positions Relative to CCEF

	Symbol	Grade	Weight
	NZF	A	14.07%
	NVG	A	13.87%
	NAD	A	12.94%
	MMU	A	10.67%
	IQI	A	8.73%
	VKQ	A	8.52%
	IIM	A	8.22%
	BLE	A	7.67%
	NEA	A	6.85%
	VMO	A	4.34%
	BBN	A	3.74%

RTAI Underweight 9 Positions Relative to CCEF

	Symbol	Grade	Weight
	THQ	A	-4.14%
	NTG	C	-4.12%
	PDT	A	-4.0%
	NFJ	B	-3.75%
	RIV	A	-3.57%
	NMCO	A	-3.44%
	ASGI	B	-3.38%
	EMO	D	-3.3%
	EVV	A	-3.17%

RTAI: Top Represented Industries & Keywords

Industries: Asset Management

Keywords: ETF Exchange Traded Fund Mutual Fund Bond Invesco Municipal Bond Nuveen Tiaa Income Trust Invesco Perpetual Blackrock Bond Market Dividend Pollution Pollution Control Alternative Minimum Tax Black Rock Closed End Fund Discretionary Investment Advisory Services Exchange Traded Funds

CCEF: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Mutual Fund Stock Fund Bond Sovereign Wealth Funds Allianz Global Investors Banking Bond Market Business Development Cash Flows Closed End Fund Credit Rating Crude Oil Debt Securities Dividend Dividend Yield Eaton Vance Energy Sector Financial Market