CPSY
Calamos S&P 500 Structured Alt Protection ETF - January
📎 Investment Objective
The Calamos S&P 500 Structured Alt Protection ETF (CPSY) seeks to provide investment results that, before fees and expenses, correspond generally to the performance of the S&P 500 Index, while seeking to provide downside protection compared to the S&P 500 Index.
Overview
ETF tracking Calamos S&P 500 Structured Alt Protection ETF - January
Performance
Price Chart
Investment Summary
📎 Investment Objective
The Calamos S&P 500 Structured Alt Protection ETF (CPSY) seeks to provide investment results that, before fees and expenses, correspond generally to the performance of the S&P 500 Index, while seeking to provide downside protection compared to the S&P 500 Index.
🎯 Investment Strategy
The ETF uses a structured options-based strategy to provide exposure to the S&P 500 Index while seeking to limit downside risk. The fund invests in a portfolio of S&P 500 Index call options and S&P 500 Index put options to achieve its objective.
✨ Key Features
- Seeks to provide exposure to the S&P 500 Index with downside protection
- Uses a structured options-based strategy to limit risk
- Designed to participate in S&P 500 Index upside while limiting losses on the downside
- Relatively low expense ratio of 0.00%
⚠️ Primary Risks
- Market risk: The value of the ETF's holdings may decline due to general market conditions
- Options risk: The use of options may not be successful and could result in losses
- Tracking error risk: The ETF may not perfectly track the performance of the S&P 500 Index
- Liquidity risk: The ETF may have difficulty buying or selling certain holdings
👤 Best For
This ETF may be suitable for investors seeking exposure to the S&P 500 Index with some downside protection, particularly those with a moderate risk tolerance and a medium-term investment horizon.