CPSL
Calamos Laddered S&P 500 Structured Alt Protection ETF
📎 Investment Objective
The Calamos Laddered S&P 500 Structured Alt Protection ETF (CPSL) 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 market declines.
Overview
ETF tracking Calamos Laddered S&P 500 Structured Alt Protection ETF
Performance
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Investment Summary
📎 Investment Objective
The Calamos Laddered S&P 500 Structured Alt Protection ETF (CPSL) 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 market declines.
🎯 Investment Strategy
CPSL invests in a portfolio of S&P 500 Index options and other derivatives to provide exposure to the large-cap U.S. equity market. The fund utilizes a laddered options strategy to help manage risk and provide a degree of downside protection.
✨ Key Features
- Seeks to track the performance of the S&P 500 Index with downside protection
- Utilizes a laddered options strategy to manage risk
- Aims to provide a smoother ride compared to a direct investment in the S&P 500
- Relatively low expense ratio of 0.00%
⚠️ Primary Risks
- Market risk: The fund's value will fluctuate with changes in the stock market
- Derivatives risk: The use of options and other derivatives can increase volatility and risk
- 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 derivatives in volatile or uncertain market conditions
👤 Best For
CPSL may be suitable for investors seeking large-cap U.S. equity exposure with a degree of downside protection, particularly those with a moderate risk tolerance and a medium-to long-term investment horizon.