CPNQ

📎 Investment Objective

The Calamos Nasdaq-100 Structured Alt Protection ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Nasdaq-100 Index, while also seeking to provide downside protection against significant market declines.

✨ Key Features

• Seeks to track the Nasdaq-100 Index while providing downside protection
• Utilizes a structured approach with options and derivatives to manage risk
• Designed to participate in upside market movements while limiting losses during market declines
• Low expense ratio of 0.00%

⚠️ Primary Risks

• Market risk: The ETF's value may decrease due to general market conditions or factors affecting the Nasdaq-100 Index
• Derivatives risk: The use of options and other derivatives may not be successful in limiting downside exposure
• Tracking error risk: The ETF may not perfectly track the performance of the Nasdaq-100 Index
• Liquidity risk: The ETF may have difficulty trading certain securities, which could adversely affect its performance

👤 Best For

This ETF may be suitable for investors seeking exposure to the Nasdaq-100 Index with a focus on downside protection, particularly those with a moderate to high risk tolerance who are willing to accept the potential trade-offs between upside participation and downside risk management.