CPSF

📎 Investment Objective

The Calamos S&P 500 Structured Alt Protection ETF (CPSF) seeks to provide investment results that, before fees and expenses, correspond generally to the performance of the S&P 500 Index, while also seeking to provide downside protection against significant market declines.

✨ Key Features

• Seeks to track the performance of the S&P 500 Index with downside protection
• Utilizes a structured investment approach combining long equity positions and options strategies
• Aims to provide participation in S&P 500 Index upside with reduced exposure to market declines
• Relatively new fund with limited performance history

⚠️ Primary Risks

• Market risk: The fund's performance is subject to the overall performance of the S&P 500 Index
• Options risk: The use of options strategies may not be successful in providing the desired downside protection
• Tracking error risk: The fund may not perfectly track the performance of the S&P 500 Index
• Liquidity risk: The fund may have difficulty trading certain securities or options positions

👤 Best For

This ETF may be suitable for investors seeking exposure to the large-cap U.S. equity market with some downside protection, particularly those with a moderate risk tolerance and a medium-term investment horizon. However, the fund's limited performance history and the complexities of its structured investment approach may make it more appropriate for experienced investors.