- What does CHDG invest in?
- CHDG is a fund-of-funds aiming to generate total return while mitigating downside risk through an actively managed options overlay on the S&P 500 Index. It primarily invests in ETFs that hold constituents of the S&P 500 Index including, but is not limited to, SPYM, SPY, or VOO. The fund also writes/sells and buys put and call options on the S&P 500 funds and/or broad-based indices, as well as enter other options strategies to offset risks. It may also engage in active and frequent trading of portfolio securities. The fund uses derivatives both for hedging and non-hedging purposes, including entering into forward foreign currency contracts, futures or other derivatives. Additionally, CHDG may invest in ultra-short term fixed income securities, cash equivalents, box spreads and box spread ETFs, and may hold cash for temporary defensive purposes.
- What is the expense ratio of CHDG?
- Calamos ETF Trust - Calamos Active Hedged Equity ETF (CHDG) charges an expense ratio of 0.64%. This is the annual fee deducted from fund assets to cover management and operations.
- What is the duration of CHDG?
- Effective duration measures CHDG's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. CHDG's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of CHDG?
- CHDG's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of CHDG?
- Yield to maturity (YTM) is the total return you'd earn from CHDG if every bond in the portfolio is held to maturity at the current price. CHDG's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
- How big is CHDG?
- Calamos ETF Trust - Calamos Active Hedged Equity ETF (CHDG) manages $2.5M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.
