VettaFi's Head of Research Todd Rosenbluth discussed the Calamos S&P 500® Structured Alt Protection ETF – November (CPSN) on this week's “ETF of the Week” podcast with Chuck Jaffe of “Money Life.” For more news, information, and analysis, visit VettaFi | ETF Trends.
On Friday, November 1, Calamos Investments unveiled its latest fund, the Calamos S&P 500 Structured Alt Protection ETF – November (CPSN). CPSN is an actively managed ETF with a net expense ratio of 0.69%.
Calamos Announces Upside Cap Rate for CPSN: Structured Protection ETF Providing Exposure to S&P 500 with 100% Downside Protection Over One Year The Calamos S&P 500® Structured Alt Protection ETF™ – November (CPSN) has announced an upside cap rate of 7.43% over its one-year outcome period following its launch on November 1, 2024.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 60,271 | $1.61M | $1.68M | $64,976.86 | 4.03% |
| CB Catherine Bluvol Next Level Private LLC | 8,385 | $225,631.97 | $233,270.7 | $7,638.73 | 3.39% |
Darren Tapley New England Capital Financial Advisors LLC | 9 | $243 | $250.33 | $7.33 | 3.02% |
| JSA Jim Saulnier & Associates LLC Jim Saulnier & Associates LLC | 13,190 | $333,629.15 | $365,824.65 | $32,195.5 | 9.65% |
Grantvest Financial Group LLC Grantvest Financial Group LLC | 9,032 | $243,043 | $250,683.16 | $7,640.16 | 3.14% |
| ARCA Exchange | US Country |
Calamos Structured Protected ETFs are innovative investment vehicles crafted to deliver unique benefits to investors. Their primary objective is to replicate the positive performance of the S&P 500 index up to a predetermined cap while providing a robust shield against potential market downturns. This protective layer ensures that investors are safeguarded from losing their principal over a fixed one-year timeframe, preceding fees and expenses. This combination of upside potential and downside protection makes Calamos Structured Protected ETFs an appealing choice for a variety of investment strategies.
These ETFs are designed to track the S&P 500 index, offering investors a capped exposure to the index's positive price movements. By aligning with the market's performance, they present an efficient route for investors looking to gain from potential equity rallies while controlling their exposure to losses.
The principal protection feature guarantees that investors will not incur losses if the market declines over a one-year period. This mechanism is particularly valuable in volatile market conditions, providing peace of mind to risk-averse investors and those nearing retirement who may have concerns about market fluctuations.
While investors are protected from losses, the structure includes a cap on the upside performance, which defines the maximum returns investors can achieve within the one-year period. This is crucial for managing expectations and helps investors gauge the potential rewards alongside the inherent risks.
Calamos Structured Protected ETFs maintain a clear and consistent fee structure, allowing investors to understand the cost of their investments transparently. This helps in making informed decisions and enables investors to weigh their returns after expenses.
Calamos provides investors with strategic insights and resources to help integrate these ETFs into their broader investment plans. This includes educational materials, market analysis, and updates on the economic outlook, supporting investors in optimizing their portfolio management.
The ETFs are designed to be accessible to a wide range of investors, including both retail and institutional entities. This inclusivity supports diverse investment strategies and offers tailored solutions for varying financial needs and objectives.