Callaway Golf Company

Frequently Asked Questions About CALY

What does CALY invest in?

Callaway Golf Company is a global enterprise that develops, produces, and sells a diverse range of golf equipment, golf and lifestyle apparel, and associated accessories. Its operations span across the United States, Europe, Asia, and other international markets, organized into three primary business divisions: Topgolf, Golf Equipment, and Active Lifestyle. The Topgolf segment manages entertainment venues equipped with cutting-edge technology-enabled hitting bays, complete with bars, dining areas, and event spaces, in addition to providing its Toptracer ball-flight tracking technology. In the Golf Equipment segment, the company offers a comprehensive selection of golf clubs, including drivers, fairway woods, hybrids, irons, wedges, putters, and pre-owned clubs, marketed predominantly under the Callaway and Odyssey brands. This division also manufactures golf balls under the Callaway Golf and Strata labels. The Active Lifestyle segment encompasses various brands: Callaway provides golf apparel, footwear, and accessories such as golf bags, gloves, headwear, and practice aids; TravisMathew features clothing, footwear, outerwear, and accessories for men, women, and youth; OGIO specializes in storage and travel solutions like backpacks, travel bags, duffels, and golf bags; and Jack Wolfskin supplies outdoor apparel for men, women, and children (including jackets, trousers, dresses, skirts, and tops), footwear, and outdoor gear such as packs, bags, travel bags, tents, and sleeping bags. Callaway distributes its products through a broad array of channels, including specialized golf retailers, sporting goods stores, online platforms, large mass merchants, department stores, third-party distributors, mail-order services, and directly to consumers via its own retail outlets and websites. The company, founded in 1982 and based in Carlsbad, California, was previously known as Topgolf Callaway Brands Corp. and is scheduled to officially change its name to Callaway Golf Company in January 2026.

What is the expense ratio of CALY?

An expense ratio for Callaway Golf Company (CALY) is not available from our data sources — neither our market-data feed nor the SEC's structured prospectus and annual-report datasets report one for this share class. The fund's prospectus on the issuer's site carries the authoritative fee.

What is CALY's distribution yield?

CALY's trailing-twelve-month yield is —, calculated from the sum of distributions over the past year divided by the current price.

How does CALY's covered-call strategy work?

CALY sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside — when the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.

How big is CALY?

Callaway Golf Company (CALY) manages $2.86B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is CALY actively managed or an index fund?

CALY's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.