SCHEDULE: Truist Financial Reports 3.7% Stake in Calamos ETF Trust

Truist Financial Corporation, through its advisory services, has reported a 3.7% beneficial ownership in Calamos ETF Trust as of December 31, 2025.

Summary

• Truist Financial Corporation, acting as a Parent Holding Company for Truist Advisory Services, Inc., has filed an Amendment No. 3 to Schedule 13G.
• The filing reports beneficial ownership in Calamos ETF Trust, specifically in its Exchange Traded Fund class of securities (CUSIP: 12811T407).
• As of December 31, 2025, Truist beneficially owned 34,562 shares.
• This ownership represents 3.7% of the class of securities.
• Truist Financial Corporation holds sole dispositive power over all 34,562 shares, with no sole or shared voting power.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of beneficial ownership, indicating a neutral sentiment for the issuer. It neither presents overwhelmingly positive nor negative news, but rather a routine update on institutional holdings.

Positives

• Truist Financial Corporation's continued ownership indicates a stable institutional interest in Calamos ETF Trust.
• The filing confirms a passive investment stance, suggesting no immediate intent to influence the issuer's control or operations.

Negatives

• The reported stake of 3.7% is below the 5% threshold, which means Truist is not a major shareholder with significant influence over the issuer.

Risks

• The filing itself does not detail specific risks for Calamos ETF Trust, as it is a disclosure of beneficial ownership by an institutional investor.

Future Outlook

This filing is a historical report of beneficial ownership and does not contain forward-looking statements or guidance from either the issuer or the reporting person regarding future performance or strategy.

Industry Context

This Schedule 13G filing indicates that Truist Financial Corporation, a major financial services company, holds a passive investment in an Exchange Traded Fund managed by Calamos ETF Trust. Such institutional ownership is common in the ETF market, reflecting asset allocation strategies by large investment advisors and parent holding companies. The 3.7% stake is a notable but non-controlling position, typical for diversified portfolios.

Comparison to Industry Standards

• The reported 3.7% stake is a standard institutional holding size, not reaching the 5% threshold that would typically trigger more active reporting requirements or suggest a significant influence on the issuer's governance.
• Compared to other large financial institutions, Truist's approach to holding passive stakes in ETFs aligns with common practices for asset management and diversification within client portfolios.

Stakeholder Impact

• Shareholders of Calamos ETF Trust may view this as a sign of continued institutional confidence in the fund, although the stake is passive.
• For Truist Financial Corporation's clients, this reflects their asset allocation strategy within managed portfolios.

Key Dates

Keywords

Truist Financial, Calamos ETF Trust, Schedule 13G, Beneficial Ownership, Exchange Traded Fund, Institutional Investor, Passive Investment, Financial Reporting, SEC Filing