Calamos S&P 500 Structured Alt Protection ETF – November

Frequently Asked Questions About CPSN

What does CPSN invest in?

Calamos Structured Protected Exchange-Traded Funds (ETFs) are engineered to replicate the positive price appreciation of the S&P 500 Index, up to a predetermined maximum gain. Simultaneously, they offer full downside protection, safeguarding investors against 100% of potential losses over a single one-year cycle, prior to the consideration of any fees and expenses.

What is the expense ratio of CPSN?

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

How big is CPSN?

Calamos S&P 500 Structured Alt Protection ETF – November (CPSN) manages $31.5M 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 CPSN actively managed or an index fund?

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

When was CPSN launched?

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

How has CPSN performed?

CPSN'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.