Calamos ETF Trust - Calamos Nasdaq-100 Structured Alt Protection ETF - December

Frequently Asked Questions About CPNQ

What does CPNQ invest in?

CPNQ invests all of its assets in FLEX options. The option position seeks to generate returns that match the performance of QQQ shares, up to a cap, while protecting against 100% of losses over a one-year period. The upside cap is reset every year, at the beginning of December. Shareholders should note they will not receive any dividends. The objective focuses on the potential growth over a specific defined time. The outcome pursued may only be possible if an investor were to hold the shares for the entire outcome period. However, there is no guarantee that the defined outcome of the strategy pursued will be realized by investors. The targeted buffers and caps do not include the fund's expense ratio.

What is the expense ratio of CPNQ?

Calamos ETF Trust - Calamos Nasdaq-100 Structured Alt Protection ETF - December (CPNQ) charges an expense ratio of 0.69%. This is the annual fee deducted from fund assets to cover management and operations.

How big is CPNQ?

Calamos ETF Trust - Calamos Nasdaq-100 Structured Alt Protection ETF - December (CPNQ) manages $22.2M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is CPNQ actively managed or an index fund?

CPNQ is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (CPNQ's is 0.69%) because there's no security selection cost.

When was CPNQ launched?

Calamos ETF Trust - Calamos Nasdaq-100 Structured Alt Protection ETF - December (CPNQ) launched in December 2024 and is managed by Calamos.

How has CPNQ performed?

CPNQ's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.