Calamos S&P 500 Structured Alt Protection ETF – February

Frequently Asked Questions About CPSF

What does CPSF invest in?

This Calamos Structured Protected ETF offers a strategy designed to capture the positive gains of the S&P 500, albeit with an upper limit on returns. Concurrently, it aims to fully shield investors from any capital depreciation for a full year, prior to the consideration of associated fees and expenses.

What is the expense ratio of CPSF?

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

How big is CPSF?

Calamos S&P 500 Structured Alt Protection ETF – February (CPSF) manages $34.5M 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 CPSF actively managed or an index fund?

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

When was CPSF launched?

Calamos S&P 500 Structured Alt Protection ETF – February (CPSF) launched in February 2025 and is managed by Calamos.

How has CPSF performed?

CPSF'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.