- CANQ offers uncapped upside to the largest and most
recognized Nasdaq-100 stocks, coupled with the income and
diversification potential of bonds.
- New active ETF delivers Calamos' decades-long options and
risk management expertise in a compelling, tax-efficient ETF
structure.
- Launch marks the second ETF of 2024 for Calamos, a leading
liquid alternatives manager, with additional ETFs in
development.
METRO CHICAGO, Ill., Feb. 13,
2024 /PRNewswire/ -- Calamos Investments
LLC ("Calamos"), a global investment manager, today announced
the launch of the Calamos Alternative Nasdaq & Bond ETF
(Nasdaq: CANQ). The actively managed ETF combines options-based
exposure across leading Nasdaq-100 stocks coupled with diversified
fixed income holdings, seeking to deliver risk managed equity
exposure and attractive monthly income.
"We are excited to bring CANQ to the market and enable investors
to reimagine their exposure to the drivers of American innovation
represented in the top Nasdaq stocks," said John Koudounis, President and CEO of Calamos
Investments. "Calamos is uniquely positioned to deliver our active
expertise in both equity options and credit, now inside a highly
engineered single ETF."
John P. Calamos,
Sr. pioneered the use of convertible bonds and options
in the 1970s as a risk management tool during one of the most
volatile times in US market history. CANQ is inspired by the
founding principles and expertise of the firm, enabling investors
to efficiently access the Nasdaq-100 while aiming to mitigate
volatility and generate monthly income.
"Through CANQ, we offer risk-managed access to these exciting
Nasdaq companies through our intelligent application of
FLEX® Options, combined with diversified fixed income
and delivered in a cost-effective and tax-efficient ETF vehicle,"
commented Matt Kaufman, SVP and Head
of ETFs.
To learn more about CANQ, visit: www.calamos.com/CANQ.
About Calamos
Calamos Investments is a diversified global investment firm
offering innovative investment strategies, including alternatives,
multi-asset, convertible, fixed income, private credit, equity, and
sustainable equity. With $35.5
billion in AUM, including more than $16 billion in liquid alternatives and
$11 billion in convertible assets as
of December 31, 2023, the firm offers
strategies through ETFs, separately managed portfolios, mutual
funds, closed-end funds, interval funds, and UCITS funds. Clients
include financial advisors, wealth management platforms, pension
funds & endowments, foundations, and individuals, globally.
Headquartered in the Chicago metropolitan area, the firm
also has offices in New York, San
Francisco, Milwaukee, Portland (Oregon), and the Miami area. For
more information, visit us on LinkedIn, on Twitter (@Calamos),
on Instagram (@calamos_investments), or at www.calamos.com
Calamos Investments LLC, referred to herein Calamos is a
financial services company offering such services through its
subsidiaries: Calamos Advisors LLC, Calamos Wealth Management LLC,
Calamos Investments LLP, and Calamos Financial Services LLC.
Before investing, carefully consider the fund's investment
objectives, risks, charges and expenses. Please see the
prospectus and summary prospectus containing
this and other information which can be obtained by calling
1-866-363-9219. Read it carefully before investing.
An investment in the Fund(s) is subject to risks, and you
could lose money on your investment in the Fund(s). There
can be no assurance that the Fund(s) will achieve its investment
objective. Your investment in the Fund(s) is not a deposit in a
bank and is not insured or guaranteed by the Federal Deposit
Insurance Corporation (FDIC) or any other government agency. The
risks associated with an investment in the Fund(s) can increase
during times of significant market volatility. The Fund(s) also has
specific principal risks, which are described below. More detailed
information regarding these risks can be found in the Fund's
prospectus.
Risks of investing in the Calamos Alternative Nasdaq &
Bond ETF include risks associated with: Authorized
Participant Concentration Risk — Only an Authorized
Participant may engage in creation or redemption transactions
directly with the Fund, and none of those Authorized Participants
is obligated to engage in creation and/or redemption transactions;
Debt Securities Risk — Debt securities are subject to
various risks, including interest rate risk, credit risk and
default risk; Equity Securities Risk — The securities
markets are volatile, and the market prices of the Fund's
securities may decline generally; FLEX Options Risk —
The Fund may invest in FLEX Options issued and guaranteed for
settlement by The Options Clearing Corporation ("OCC"). FLEX
Options are customized option contracts that trade on an exchange
but provide investors with the ability to customize key contract
terms like strike price, style and expiration date while achieving
price discovery in competitive, transparent auctions markets and
avoiding the counterparty exposure of over-the-counter options
positions; High Yield Risk — High yield securities and
unrated securities of similar credit quality (commonly known as
"junk bonds") are subject to greater levels of credit and liquidity
risks; LEAPS Options Risk — The Fund's investments in
options contracts may include long-term equity anticipation
securities known as LEAPS Options. LEAPS Options are long-term
exchange-traded call options that allow holders the opportunity to
participate in the underlying securities' appreciation in excess of
a specified strike price without receiving payments equivalent to
any cash dividends declared on the underlying securities;
Liquidity Risk - FLEX Options — In the event that trading in
the underlying FLEX Options is limited or absent, the value of the
Fund's FLEX Options may decrease; Liquidity Risk - LEAPS
Options — In the event that trading in the underlying LEAPS
Options is limited or absent, the value of the Fund's LEAPS Options
may decrease; Market Maker Risk — If the Fund has lower
average daily trading volumes, it may rely on a small number of
third-party market makers to provide a market for the purchase and
sale of Fund Shares; Market Risk—The risk that the
securities markets will increase or decrease in value is considered
market risk and applies to any security; New Fund Risk — The
Fund is a recently organized investment company with a limited
operating history; Non-Diversification Risk — The Fund is
classified as "non-diversified" under the 1940 Act; Options
Risk—The Fund's ability to close out its position as a
purchaser or seller of an over-the-counter or exchange-listed put
or call option is dependent, in part, upon the liquidity of the
option market; Other Investment Companies (including ETFs)
Risk — The Fund may invest in the securities of other
investment companies to the extent that such investments are
consistent with the Fund's investment objective and the policies
are permissible under the 1940 Act.
Nasdaq® and Nasdaq-100 are registered trademarks of
Nasdaq, Inc. (which with its affiliates is referred to as the
"Corporations") and are licensed for use by Calamos Advisors LLC.
The Fund has not been passed on by the Corporations as to
their legality or suitability. The Fund is not issued,
endorsed, sold, or promoted by the Corporations. The
Corporations make no warranties and bear no liability with respect
to the Fund(s).
Calamos Financial Services LLC, Distributor
© 2024 Calamos Investments LLC. All Rights Reserved.
Calamos® and Calamos Investments® are
registered trademarks of Calamos Investments LLC.
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SOURCE Calamos Investments
