CPSN

📎 Investment Objective

The Calamos S&P 500 Structured Alt Protection ETF (CPSN) 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.

✨ Key Features

• Seeks to provide exposure to the S&P 500 Index with downside protection
• Uses a structured notes-based strategy to achieve its investment objective
• Designed to limit losses during market downturns while participating in upside potential
• Relatively low expense ratio of 0.00%

⚠️ Primary Risks

• Market risk: The fund's value may decrease due to changes in general market conditions
• Structured notes risk: The performance of the structured notes may not match the performance of the underlying index
• Counterparty risk: The fund is exposed to the creditworthiness of the issuers of the structured notes
• Liquidity risk: The structured notes may have limited liquidity, which could impact the fund's ability to sell them

👤 Best For

This ETF may be suitable for investors seeking exposure to the S&P 500 Index with a level of downside protection, particularly those with a moderate risk tolerance who are looking to limit losses during market downturns while still participating in upside potential.