Calamos S&P 500 Structured Alt Protection ETF – August

Frequently Asked Questions About CPSA

What does CPSA invest in?

Calamos Structured Protected ETFs are structured to capture the positive price appreciation of the S&P 500, up to a specified maximum, while simultaneously providing full downside protection against any losses within a one-year investment horizon (excluding fees and expenses).

What is the expense ratio of CPSA?

Calamos S&P 500 Structured Alt Protection ETF – August (CPSA) charges an expense ratio of 0.69%. This is the annual fee deducted from fund assets to cover management and operations.

How big is CPSA?

Calamos S&P 500 Structured Alt Protection ETF – August (CPSA) manages $47.8M 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 CPSA actively managed or an index fund?

CPSA 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 (CPSA's is 0.69%) because there's no security selection cost.

When was CPSA launched?

Calamos S&P 500 Structured Alt Protection ETF – August (CPSA) launched in August 2024 and is managed by Calamos.

How has CPSA performed?

CPSA'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.