CPSJ
Calamos S&P 500 Structured Alt Protection ETF - July
📎 Investment Objective
The Calamos S&P 500 Structured Alt Protection ETF (CPSJ) seeks to provide investment results that, before fees and expenses, correspond generally to the performance of the S&P 500 Index, while providing downside protection against significant market declines.
Overview
ETF tracking Calamos S&P 500 Structured Alt Protection ETF - July
Performance
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Investment Summary
📎 Investment Objective
The Calamos S&P 500 Structured Alt Protection ETF (CPSJ) seeks to provide investment results that, before fees and expenses, correspond generally to the performance of the S&P 500 Index, while providing downside protection against significant market declines.
🎯 Investment Strategy
CPSJ aims to achieve its objective by investing in a portfolio of equity securities that seek to track the S&P 500 Index, combined with a structured options strategy designed to provide downside protection. The fund uses a combination of long positions in S&P 500 stocks and short positions in S&P 500 index put options to create a hedged equity exposure.
✨ Key Features
- Seeks to track the performance of the S&P 500 Index with downside protection
- Utilizes a structured options strategy to provide downside protection
- Low expense ratio of 0.00%
- Relatively new fund with limited performance history
⚠️ Primary Risks
- Market risk: The fund's value may decrease due to general market conditions or economic events
- Tracking error risk: The fund may not perfectly track the performance of the S&P 500 Index
- Options strategy risk: The options strategy may not provide the expected level of downside protection
- Limited performance history: Investors have limited data to evaluate the fund's long-term performance
👤 Best For
CPSJ 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 long-term investment horizon. However, the fund's limited performance history and reliance on a structured options strategy may make it less suitable for more conservative or risk-averse investors.