CPSU
Calamos S&P 500 Structured Alt Protection ETF - June
📎 Investment Objective
The Calamos S&P 500 Structured Alt Protection ETF (CPSU) 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.
Overview
ETF tracking Calamos S&P 500 Structured Alt Protection ETF - June
Performance
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Investment Summary
📎 Investment Objective
The Calamos S&P 500 Structured Alt Protection ETF (CPSU) 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.
🎯 Investment Strategy
The ETF uses a structured approach that combines long positions in the S&P 500 Index with options strategies designed to provide downside protection. This aims to allow the fund to participate in the upside of the S&P 500 while limiting losses during market downturns.
✨ Key Features
- Seeks to track the S&P 500 Index with downside protection
- Uses options strategies to limit losses during market declines
- Low expense ratio of 0.00%
- Relatively new fund with limited performance history
⚠️ Primary Risks
- Market risk: The fund's performance is tied to the S&P 500 Index and is subject to market fluctuations
- Options risk: The use of options strategies introduces additional risks such as counterparty risk and liquidity risk
- Limited track record: As a new fund, CPSU has a limited performance history to evaluate
- Tracking error: The fund may not perfectly track the S&P 500 Index due to the options strategies
👤 Best For
CPSU may be suitable for investors seeking S&P 500 exposure with some downside protection, particularly those with a moderate risk tolerance who are concerned about potential market declines. However, the fund's limited track record means investors should carefully evaluate its performance and risks before investing.