CPSA
Calamos S&P 500 Structured Alt Protection ETF - August
📎 Investment Objective
The Calamos S&P 500 Structured Alt Protection ETF (CPSA) seeks to provide investment results that, before fees and expenses, correspond generally to the performance of the S&P 500 Index, while aiming to provide downside protection during periods of significant market declines.
Overview
ETF tracking Calamos S&P 500 Structured Alt Protection ETF - August
Performance
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Investment Summary
📎 Investment Objective
The Calamos S&P 500 Structured Alt Protection ETF (CPSA) seeks to provide investment results that, before fees and expenses, correspond generally to the performance of the S&P 500 Index, while aiming to provide downside protection during periods of significant market declines.
🎯 Investment Strategy
The fund uses a structured options-based strategy that includes long positions in S&P 500 Index call options and short positions in S&P 500 Index put options to provide exposure to the S&P 500 Index while seeking to limit downside risk.
✨ Key Features
- Seeks to track the S&P 500 Index with downside protection
- Uses a structured options-based strategy to provide exposure and limit losses
- Designed to participate in S&P 500 Index upside while limiting downside risk
- Relatively low expense ratio of 0.00%
⚠️ Primary Risks
- Market risk: The fund's value will fluctuate with the stock market, and you may lose money
- Options risk: The use of options may not be successful and could result in losses
- Tracking error risk: The fund may not perfectly track the performance of the S&P 500 Index
- Liquidity risk: In certain market conditions, it may be difficult to purchase or sell fund shares
👤 Best For
This ETF may be suitable for investors seeking exposure to the large-cap U.S. equity market with a focus on downside protection, particularly those with a moderate risk tolerance and a medium-term investment horizon.