CPSR
Calamos S&P 500 Structured Alt Protection ETF - March
📎 Investment Objective
The Calamos S&P 500 Structured Alt Protection ETF (CPSR) 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 - March
Performance
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Investment Summary
📎 Investment Objective
The Calamos S&P 500 Structured Alt Protection ETF (CPSR) 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
CPSR aims to achieve its objective by investing primarily in a portfolio of S&P 500 Index equity securities and employing a structured options strategy to provide downside protection. The fund uses a combination of long and short positions in S&P 500 Index options to create a 'collar' that limits potential losses while allowing for participation in market upside.
✨ Key Features
- Seeks to track the S&P 500 Index with downside protection
- Utilizes a structured options strategy to limit losses during market declines
- Aims to provide participation in S&P 500 Index upside while limiting downside risk
- Low expense ratio of 0.00%
⚠️ 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 limiting downside risk as intended
- 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
CPSR may be suitable for investors seeking exposure to the S&P 500 Index with some downside protection, particularly those with a moderate risk tolerance who are concerned about potential market declines. However, given the fund's limited track record and assets under management, investors should carefully consider the risks and do their own research before investing.