At a glance
CALF charges 0.59% a year, above the 0.45% average of the 4 funds most like it (the most expensive of 5). It has $3.67B in assets, the largest of that group; it paid 1.09% of its price in distributions over the past 12 months, quarterly. Over the past year it returned +32.7% with distributions reinvested (S&P 500: +11.5%), 2nd of those 5 funds; over three years it returned +15.0% a year. At its worst it fell 41.4% in the 2020 crash (S&P 500: 33.7%) and 26.6% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 5 months and 10 months after the lows. Its ten largest positions make up 20.3% of the fund, out of 198 in all.
Price history
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CALF +32.7% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
Volatility (1 year)26%annualized; the S&P 500 is usually 15–20%
Worst drop (1 year)-17.7%3 years: -34.2% · all history: -47.6%
Beta vs S&P 5000.96moves about with the market
Sharpe ratio (1 year)1.11return above cash per unit of risk
Since launch+10.9%a year over 9.4 years
Total over 5 years+48%
52-week range$41.96 – $58.21
Last price $57.73 on Oct 27, 2026, 0.8% below the 52-week high · above its 200-day average ($43.96).| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| CALF official prospectus, to Dec 31, 2025 | — | +2.34% | — | +8.88% | — | +8.53% |
| CALF price data to Oct 27, 2026 | +30.8% | +32.7% | +15.0% | +8.1% | — | +10.9% |
- Over the year to Oct 27, 2026, CALF returned +32.7%, 2nd of 5 among similar funds.
- Its 5-year annualized return was +8.1%.
- In the 2020 COVID crash it fell 41.4% and regained its old high 4.6 months after the low.
- Its worst full calendar year was 2022 (-15.2%); its best was 2021 (+40.6%).
- The deepest fall in its price history was 47.6% (Aug 22, 2018 to Mar 23, 2020), recovered by Nov 23, 2020.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +30.9% | — |
| 2025 | +2.3% | +2.34% |
| 2024 | -7.4% | -7.45% |
| 2023 | +35.4% | +35.54% |
| 2022 | -15.2% | -15.18% |
| 2021 | +40.6% | +40.50% |
| 2020 | +16.5% | +16.31% |
| 2019 | +18.2% | +18.54% |
| 2018 | -10.1% | -9.71% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 40.3% over that stretch · deepest drop along the way 41.4%, back to its old high 4.6 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 20.2% over that stretch · deepest drop along the way 26.6%, back to its old high 10 months after the low |
Dividends and income
Yield (last 12 months)1.09%distributions ÷ price
Paid in the last 12 months$0.63per share, split-adjusted
How oftenquarterly
Latest payment$0.1900Sep 3, 2026
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $0.3000 | |
| 2025 | $0.6400 | +36.2% |
| 2024 | $0.4700 | -16.1% |
| 2023 | $0.5600 | +80.6% |
| 2022 | $0.3100 | -72.3% |
| 2021 | $1.1200 | +348.0% |
| 2020 | $0.2500 | -7.4% |
| 2019 | $0.2700 | -12.9% |
| 2018 | $0.3100 |
What's inside
As of Jul 31, 2026, the fund held 198 securities; the ten largest made up 20.26% of assets. It also reported 5.81% in a money-market fund, most likely cash collateral from lending out shares rather than uninvested money.
| Holding | Weight | |
|---|---|---|
| Tenet Healthcare Corp | 2.75% | |
| Expedia Group Inc | 2.47% | |
| Expand Energy Corp | 2.00% | |
| Omnicom Group Inc | 1.94% | |
| EQT Corp | 1.93% | |
| Zoom Communications Inc | 1.93% | |
| Biogen Inc | 1.91% | |
| Ovintiv Inc | 1.79% | |
| CF Industries Holdings Inc | 1.79% | |
| HF Sinclair Corp | 1.73% | |
| Anglogold Ashanti Plc | 1.73% | |
| GoDaddy Inc | 1.73% | |
| Best Buy Co Inc | 1.71% | |
| Leidos Holdings Inc | 1.70% | |
| Incyte Corp | 1.52% |
By country
United States 98.65%MC 0.44%Switzerland 0.41%Israel 0.31%Canada 0.14%By asset type
Stocks 99.95%What changed recently
- Over the three months to Jul 31, 2026, investors withdrew a net $190.3M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +4.12%, +1.35%, +7.05%.
What it really costs
- CALF charges 0.59% a year, versus an average of 0.45% for the similar funds below (5th of 5, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $60 in the first year and $738 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| CALF | $60 | $189 | $329 | $738 |
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| CALF this fund | — | 0.59% | $3.67B | +32.7% | +15.0% |
| FLOW Global X U.S. Cash Flow Kings 100 ETF | 51% | 0.25% | $33.1M | +31.1% | +24.4% |
| SFLO VictoryShares Small Cap Free Cash Flow ETF | 36% | 0.49% | $606.4M | +38.1% | — |
| DSMC Distillate Small/Mid Cash Flow ETF | 29% | 0.55% | $129.1M | +26.7% | +17.3% |
| GVLU Gotham 1000 Value ETF | 20% | 0.5% | $233.3M | +19.7% | +19.1% |