Portfolio income remains a priority for investors, especially with rate cuts and shifting macroeconomic conditions creating uncertainty. 

Closed-end funds (CEFs) offer an alternative income approach, since they issue a fixed number of shares at launch and then trade on exchanges, often providing higher yields than traditional bond strategies. 

Because CEFs behave differently from standard fixed income, they can also enhance diversification at a time when bond markets remain unpredictable. The Calamos CEF Income & Arbitrage ETF (CCEF) simplifies access to this space by actively investing in discounted closed-end funds to capture both income and potential capital appreciation. 

Finsum: CEFs could be a nice opportunity to gain exposure to alternative income streams