Calamos ETF Trust NPORT-P Calamos Antetokounmpo Global Sustainable Equities ETF (Oct 2024 report)

Calamos Antetokounmpo Global Sustainable Equities ETF

SCHEDULE OF INVESTMENTS OCTOBER 31, 2024 (UNAUDITED)

NUMBER OF SHARES				VALUE
Common Stocks (99.0%)
		Communication Services (6.2%)
3,095			Alphabet, Inc. - Class A	$	529,585
2,012	CAD		BCE, Inc.		64,868
437,735	KES		Safaricom, PLC		55,989
2,190			Verizon Communications, Inc.		92,265
					742,707
		Consumer Discretionary (9.7%)
1,758	EUR		Amadeus IT Group, SA		127,357
5,192	HKD		BYD Company, Ltd. - Class H		187,935
2,219	EUR		Cie Generale des Etablissements Michelin SCA		74,946
2,876	GBP		Greggs, PLC		101,686
311			Home Depot, Inc.		122,456
2,278	EUR		Industria de Diseno Textil, SA		129,594
33			MercadoLibre, Inc.#		67,227
6,445			Sony Group Corp. (ADR)		113,432
1,528			TJX Companies, Inc.		172,710
234			Tractor Supply Company		62,129
					1,159,472
		Consumer Staples (7.5%)
961			Colgate-Palmolive Company		90,055
194			Costco Wholesale Corp.		169,591
2,563			Darling Ingredients, Inc.#		100,239
20,285	GBP		Haleon, PLC		97,407
4,242	EUR		Jeronimo Martins SGPS, SA		82,456
1,117	EUR		Kerry Group, PLC - Class A		111,174
1,891	EUR		Koninklijke Ahold Delhaize, NV		62,346
162	EUR		L'Oreal, SA		60,662
760			Target Corp.		114,031
					887,961
		Financials (14.7%)
18,268	HKD		AIA Group, Ltd.		144,399
13,122	GBP		Aviva, PLC		76,665
1,524			Bank of New York Mellon Corp.		114,849
232,600	IDR		Bank Rakyat Indonesia Persero, Tbk PT		71,136
3,408	NOK		DNB Bank, ASA		70,389
1,807	EUR		Edenred, SE		58,082
630			Fiserv, Inc.#		124,677
9,210	MXN		Grupo Financiero Banorte, SAB de CV - Class O		64,278
2,582			HDFC Bank, Ltd. (ADR)		162,744
1,559	HKD		Hong Kong Exchanges & Clearing, Ltd.		62,327
574			Intercontinental Exchange, Inc.		89,469
9,252			Itau Unibanco Holding, SA (ADR)		55,975
495			Jack Henry & Associates, Inc.		90,055
1,080	EUR		KBC Group, NV		78,334
198			S&P Global, Inc.		95,111
1,600	JPY		Tokio Marine Holdings, Inc.		58,634
510			Travelers Companies, Inc.		125,429
702			Visa, Inc. - Class A		203,475
					1,746,028
		Health Care (11.9%)
636	GBP		AstraZeneca, PLC		90,554
316	AUD		Cochlear, Ltd.		58,898
459	AUD		CSL, Ltd.		86,678
2,600	JPY		Daiichi Sankyo Company, Ltd.		85,235
744			Edwards Lifesciences Corp.#		49,856
399	EUR		EssilorLuxottica, SA		93,486
1,066			Gilead Sciences, Inc.		94,682
141	CHF		Lonza Group, AG		86,963
912			Merck & Company, Inc.		93,316
418	EUR		Merck KGaA		69,111
1,257	DKK		Novo Nordisk, A/S - Class B		139,873
307	CHF		Roche Holding, AG		95,241
3,300	JPY		Sysmex Corp.		61,976
196			Thermo Fisher Scientific, Inc.		107,079
235			UnitedHealth Group, Inc.		132,658
394			Zoetis, Inc.		70,439
					1,416,045
		Industrials (14.0%)
3,400	SEK		Atlas Copco, AB - Class A		55,972
1,438			Canadian Pacific Kansas City, Ltd.		110,956
1,115	EUR		Cie de Saint-Gobain		100,642
205			Deere & Company		82,961
2,488	SEK		Epiroc, AB - Class A		48,431
478			Ferguson Enterprises, Inc.		94,042
5,400	JPY		Hitachi, Ltd.		139,460
1,381			nVent Electric, PLC		102,981
905			Otis Worldwide Corp.		88,871
440			Quanta Services, Inc.		132,717
1,600	JPY		Recruit Holdings Company, Ltd.		100,387
175			Rockwell Automation, Inc.		46,674
348	EUR		Schneider Electric, SE		89,789
569	EUR		Siemens, AG		110,417
100	JPY		SMC Corp.		43,570
3,500	CNY		Sungrow Power Supply Company, Ltd. - Class A		44,574
242			Trane Technologies, PLC		89,579
226			Verisk Analytics, Inc.		62,087
576			Waste Management, Inc.		124,330
					1,668,440
		Information Technology (24.6%)
242			Accenture, PLC - Class A		83,446
146			Adobe, Inc.#		69,800
1,988			Apple, Inc.		449,109
660			Applied Materials, Inc.		119,843
99	EUR		ASML Holding, NV		66,895
593			Broadcom, Inc.		100,674
2,932	EUR		Infineon Technologies, AG		92,569
1,326			Microsoft Corp.		538,820
3,052			NVIDIA Corp.		405,183
2,017	KRW		Samsung Electronics Company, Ltd.		86,526
187	KRW		Samsung SDI Company, Ltd.		44,311
1,034	EUR		SAP, SE		241,593
2,150			Taiwan Semiconductor Manufacturing Company, Ltd. (ADR)		409,661
784			TE Connectivity, PLC		115,577
541			Texas Instruments, Inc.		109,910
					2,933,917
		Materials (5.7%)
471	EUR		Air Liquide, SA		84,360
1,730			Ball Corp.		102,503
860	GBP		Croda International, PLC		41,086

See accompanying Notes to Schedule of Investments

Information Classification: Limited Access

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Calamos Antetokounmpo Global Sustainable Equities ETF

SCHEDULE OF INVESTMENTS OCTOBER 31, 2024 (UNAUDITED)

NUMBER OF SHARES					VALUE
568	EUR		DSM-Firmenich, AG	$	67,407
541			Ecolab, Inc.		132,940
13,399	BRL		Klabin, SA		48,349
226			Linde, PLC		103,090
1,028	DKK		Novozymes, A/S - Class B		64,413
146	CHF		Sika, AG		40,661
					684,809
		Real Estate (1.2%)
364			American Tower Corp.		77,729
550			Prologis, Inc.		62,117
					139,846
		Utilities (3.5%)
2,931	EUR		EDP Renovaveis, SA		39,470
5,202	EUR		Iberdrola, SA		77,210
5,452	GBP		National Grid, PLC		68,628
15,397	INR		Power Grid Corp. of India, Ltd.		58,741
1,046			Sempra		87,205
2,844	EUR		Veolia Environnement, SA		90,239
					421,493
		TOTAL COMMON STOCKS (Cost $9,795,857)			11,800,718
TOTAL INVESTMENTS (99.0%) (Cost $9,795,857)					11,800,718
OTHER ASSETS, LESS LIABILITIES (1.0%)					117,095
NET ASSETS (100.0%)				$	11,917,813

NOTES TO SCHEDULE OF INVESTMENTS
#	Non-income producing security.
FOREIGN CURRENCY ABBREVIATIONS
AUD	Australian Dollar
BRL	Brazilian Real
CAD	Canadian Dollar
CHF	Swiss Franc
CNY	Chinese Yuan Renminbi
DKK	Danish Krone
EUR	European Monetary Unit
GBP	British Pound Sterling
HKD	Hong Kong Dollar
IDR	Indonesian Rupiah
INR	Indian Rupee
JPY	Japanese Yen
KES	Kenyan Shilling
KRW	South Korean Won
MXN	Mexican Peso
NOK	Norwegian Krone
SEK	Swedish Krona
ABBREVIATION
ADR	American Depositary Receipt

Note: Value for securities denominated in foreign currencies is shown in U.S. Dollars.  

CURRENCY EXPOSURE OCTOBER 31, 2024
	Value		% of Total Investments
US Dollar	$	7,146,339		60.6	%
European Monetary Unit		2,008,139		17.0	%
Japanese Yen		489,262		4.2	%
British Pound Sterling		476,026		4.0	%
Hong Kong Dollar		394,661		3.3	%
Swiss Franc		222,865		1.9	%
Danish Krone		204,286		1.7	%
Australian Dollar		145,576		1.2	%
South Korean Won		130,837		1.1	%
Swedish Krona		104,403		0.9	%
Indonesian Rupiah		71,136		0.6	%
Norwegian Krone		70,389		0.6	%
Canadian Dollar		64,868		0.6	%
Mexican Peso		64,278		0.5	%
Indian Rupee		58,741		0.5	%
Kenyan Shilling		55,989		0.5	%
Brazilian Real		48,349		0.4	%
Chinese Yuan Renminbi		44,574		0.4	%
Total Investments	$	11,800,718		100.0	%

Currency exposure may vary over time.                

See accompanying Notes to Schedule of Investments

Information Classification: Limited Access

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Notes to Schedule of Investments (Unaudited)

Note 1 – Organization and Significant Accounting Policies

Organization. Calamos ETF Trust (the “Trust”), a Delaware statutory trust organized on June 17, 2013, consists of fourteen series, including Calamos Antetokounmpo Global Sustainable Equities ETF (the “Fund”), which commenced operations on February 3, 2023. The Trust is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. Prior to commencement of operations, the Fund had issued 4,000 shares of beneficial interest at an aggregate purchase price of $100,000 to Calamos Investments, LLC, the parent of Calamos Advisors, LLC.

The Fund is a diversified, actively managed exchange-traded fund (“ETF”). The Fund’s investment objective is long-term capital appreciation.

Calamos Antetokounmpo Asset Management LLC (“CGAM”, or the "Adviser"), serves as the Fund’s adviser. CGAM is jointly owned by Calamos Advisors LLC (“Calamos Advisors”) and Original C Fund, LLC, an entity whose voting rights are wholly owned by Original PE, LLC which, in turn, is wholly owned by Giannis Sina Ugo Antetokounmpo. Calamos Advisors serves as the Fund’s subadviser (“Subadviser”).

Significant Accounting Policies. The Schedule of Investments has been prepared in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP) and the Fund is considered an investment company under U.S. GAAP and follows the accounting and reporting guidance applicable to investment companies. The following summarizes the significant accounting policies of the Fund:

Fund Valuation. The Fund's Board of Trustees ("Board" or "Trustees"), including a majority of the Trustees who are not "interested persons" of the Fund, have designated the Adviser to perform fair valuation determinations related to all Fund investments under the oversight of the Board. As "valuation designee" the Adviser has adopted procedures to guide the determination of the net asset value ("NAV") on any day on which the Fund's NAVs are determined. The valuation of the Fund's investments is in accordance with these procedures.

Fund securities that are traded on U.S. securities exchanges, except option securities, are valued at the official closing price, which is the last current reported sales price on its principal exchange at the time the Fund determines its NAV. Securities traded in the over-the-counter market and quoted on The NASDAQ Stock Market are valued at the NASDAQ Official Closing Price, as determined by NASDAQ, or lacking a NASDAQ Official Closing Price, the last current reported sale price on NASDAQ at the time a Fund determines its NAV. When a last sale or closing price is not available, equity securities, other than option securities, that are traded on a U.S. securities exchange and other equity securities traded in the over-the-counter market are valued at the mean between the most recent bid and asked quotations on its principal exchange in accordance with guidelines adopted by the Board. Each option security traded on a U.S. securities exchange is valued at the mid-point of the consolidated bid/ask quote for the option security, also in accordance with guidelines adopted by the Board. Each over-the-counter option that is not traded through the Options Clearing Corporation is valued either by an independent pricing agent approved by the Board or based on a quotation provided by the counterparty to such option under the ultimate supervision of the Board.

Trading on European and Far Eastern exchanges and over-the-counter markets is typically completed at various times before the close of business on each day on which the New York Stock Exchange (“NYSE”) is open. Securities and those that are principally traded in other foreign markets, are valued as of the last reported sale price at the time the Fund determines its NAV, or when reliable market prices or quotations are not readily available, at the mean between the most recent bid and asked quotations as of the close of the appropriate exchange or other designated time. Trading of foreign securities may not take place on every NYSE business day. In addition, trading may take place in various foreign markets on Saturdays or on other days when the NYSE is not open and on which the Fund’s NAV is not calculated.

If the valuation designee determines that the valuation of a security in accordance with the methods described above is not reflective of a fair value for such security, the security is valued at a fair value by the valuation designee.

The Fund also may use fair value pricing, pursuant to guidelines adopted by the Adviser, if trading in the security is halted or if the value of a security it holds is materially affected by events occurring before the Fund's pricing time but after the close of the primary market or exchange on which the security is listed. Those procedures may utilize valuations furnished by pricing services approved by the Adviser, which may be based on market transactions for comparable securities and various relationships between securities that are generally recognized by institutional traders, a computerized matrix system, or appraisals derived from information concerning the securities or similar securities received from recognized dealers in those securities.

When fair value pricing of securities is employed, the prices of securities used by the Fund to calculate its NAV may differ from market quotations or official closing prices. There can be no assurance that the Fund could purchase or sell a portfolio security at the price used to calculate the Fund’s NAV.

Foreign Currency Translation. Values of investments and other assets and liabilities denominated in foreign currencies are translated into U.S. dollars using a rate quoted by a major bank or dealer in the particular currency market, as reported by a recognized quotation dissemination service.

Note 2 – Fair Value Measurements

Various inputs are used to determine the value of the Fund's investments. These inputs are categorized into three broad levels as follows:

· Level 1 – Prices are determined using inputs from unadjusted quoted prices from active markets (including securities actively traded on a securities exchange) for identical assets.

· Level 2 – Prices are determined using significant observable market inputs other than unadjusted quoted prices, including quoted prices of similar securities, fair value adjustments to quoted foreign securities, interest rates, credit risk, prepayment speeds, and other relevant data.

· Level 3 – Prices reflect unobservable market inputs (including the Fund's own judgments about assumptions market participants would use in determining fair value) when observable inputs are unavailable.

Information Classification: Limited Access

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Debt securities are valued based upon evaluated prices received from an independent pricing service or from a dealer or broker who makes markets in such securities. Pricing services utilize various observable market data and as such, debt securities are generally categorized as Level 2. The levels are not necessarily an indication of the risk or liquidity of the Fund's investments.

The following is a summary of the inputs used in valuing the Fund's holdings at fair value:

	LEVEL 1		LEVEL 2		LEVEL 3		TOTAL
Assets:
Common Stocks	$	11,800,718	$	—	$	—	$	11,800,718
Total	$	11,800,718	$	—	$	—	$	11,800,718

Information Classification: Limited Access

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