# Calamos ETF Trust - Calamos Nasdaq-100 Structured Alt Protection ETF - December (CPNQ): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/cpnq for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Calamos · Asset class: Equity - Strategy: Buffered · Inception: 2024-12-01 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 strate... ## Key Facts | Metric | Value | |---|---| | Price | $27.98 | | Expense Ratio | 0.69% | | Assets Under Management | $20.2M | | NAV | $27.85 | | Holdings Count | 0 | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | — | | 52-Week Range | $26.29 – $27.99 | | Beta | 0.20 | ## Frequently Asked Questions ### 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 $20.2M 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's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### 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. ### Does CPNQ pay a dividend? Calamos ETF Trust - Calamos Nasdaq-100 Structured Alt Protection ETF - December (CPNQ) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does CPNQ pay dividends? Calamos ETF Trust - Calamos Nasdaq-100 Structured Alt Protection ETF - December pays dividends on its published schedule. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is CPNQ's dividend yield? CPNQ's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is CPNQ's next ex-dividend date? CPNQ hasn't announced its next ex-date yet. Once declared it'll appear at the top of the dividend history table on this page. ### How much will CPNQ's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.69% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does CPNQ charge its expense ratio? The expense ratio is deducted in tiny daily slices from CPNQ's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does CPNQ cost more than a fund like VOO? CPNQ's strategy (current expense ratio 0.69%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where CPNQ sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to CPNQ? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as CPNQ (0.69%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/cpnq - Distribution history: https://www.dividenddata.com/funds/cpnq/dividend - Holdings & diversification: https://www.dividenddata.com/funds/cpnq/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/cpnq/expenses - Peer comparison: https://www.dividenddata.com/funds/cpnq/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.