CPNS
Calamos Nasdaq-100 Structured Alt Protection ETF - September
📎 Investment Objective
The Calamos Nasdaq-100 Structured Alt Protection ETF (CPNS) seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Nasdaq-100 Index, while also seeking to provide downside protection against significant market declines.
Overview
ETF tracking Calamos Nasdaq-100 Structured Alt Protection ETF - September
Performance
Price Chart
Investment Summary
📎 Investment Objective
The Calamos Nasdaq-100 Structured Alt Protection ETF (CPNS) seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Nasdaq-100 Index, while also seeking to provide downside protection against significant market declines.
🎯 Investment Strategy
CPNS aims to achieve its objective by investing in a portfolio of equity securities that are components of the Nasdaq-100 Index, and using a structured options strategy to provide downside protection. The fund uses a combination of long positions in Nasdaq-100 stocks and long put options on the Nasdaq-100 Index to seek to limit losses during significant market downturns.
✨ Key Features
- Seeks to track the Nasdaq-100 Index with downside protection
- Utilizes a structured options strategy to limit losses during market declines
- Diversified exposure to large-cap technology and growth-oriented companies
- Relatively low expense ratio compared to similar structured/protected funds
⚠️ Primary Risks
- Market risk: The fund's value will fluctuate with the Nasdaq-100 Index
- Derivatives risk: The options strategy may not provide complete downside protection
- Tracking error risk: The fund may not perfectly track the Nasdaq-100 Index
- Liquidity risk: The fund may have difficulty trading certain securities or options
👤 Best For
CPNS may be suitable for investors seeking exposure to the Nasdaq-100 Index with some downside protection, particularly those with a moderate risk tolerance who are concerned about significant market declines. However, the fund's structured options strategy adds complexity, so it may not be appropriate for all investors.