Calamos Russell 2000 Structured Alt Protection ETF – January

Frequently Asked Questions About CPRY

What does CPRY invest in?

These Calamos Structured Protection ETFs are designed to capture the positive price performance of the Russell 2000 index, up to a pre-defined maximum return. Concurrently, they offer full downside protection against any losses over a one-year investment horizon, before factoring in fees and expenses.

What is the expense ratio of CPRY?

Calamos Russell 2000 Structured Alt Protection ETF – January (CPRY) charges an expense ratio of 0.69%. This is the annual fee deducted from fund assets to cover management and operations.

What is CPRY's distribution yield?

CPRY's trailing-twelve-month yield is —, calculated from the sum of distributions over the past year divided by the current price.

How does CPRY's covered-call strategy work?

CPRY sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside — when the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.

How big is CPRY?

Calamos Russell 2000 Structured Alt Protection ETF – January (CPRY) manages $35.3M 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 CPRY actively managed or an index fund?

CPRY's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.