CPNS

Calamos Nasdaq-100 Structured Alt Protection ETF - September

$27.05

+0.00%

Market closed. Last update: 10:58 PM ET

📎 Investment Objective

The Calamos Nasdaq-100 Structured Alt Protection ETF (CPNS) 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.

Overview

ETF tracking Calamos Nasdaq-100 Structured Alt Protection ETF - September

Category Technology

Issuer Other

Inception Date 2024-09-03

Market Cap $27.1M

Average Volume N/A

Dividend Yield N/A

52-Week Range $24.75 - $27.14

VWAP $27.00

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

CPNS aims to achieve its objective by investing in a portfolio of equity securities that are components of the Nasdaq-100 Index, and using a structured options strategy to provide downside protection. The fund uses a combination of long positions in Nasdaq-100 stocks and long put options on the Nasdaq-100 Index to seek to limit losses during significant market downturns.

✨ Key Features

Seeks to track the Nasdaq-100 Index with downside protection
Utilizes a structured options strategy to limit losses during market declines
Diversified exposure to large-cap technology and growth-oriented companies
Relatively low expense ratio compared to similar structured/protected funds

⚠️ Primary Risks

Market risk: The fund's value will fluctuate with the Nasdaq-100 Index
Derivatives risk: The options strategy may not provide complete downside protection
Tracking error risk: The fund may not perfectly track the Nasdaq-100 Index
Liquidity risk: The fund may have difficulty trading certain securities or options

👤 Best For

CPNS may be suitable for investors seeking exposure to the Nasdaq-100 Index with some downside protection, particularly those with a moderate risk tolerance who are concerned about significant market declines. However, the fund's structured options strategy adds complexity, so it may not be appropriate for all investors.