Key stats
About Calamos Laddered Bitcoin 90 Series Structured Alt Protection ETF
Home page
Inception date
Oct 14, 2025
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Calamos Advisors LLC
Distributor
Calamos Financial Services LLC
ISIN
US12811T5487
CBXL is a single-ticker solution that bundles four specific, defined outcome buffer ETFs linked to the spot price of Bitcoin (BTC). The fund ladders four Calamos Bitcoin Structured Alt Protection ETFs: CBXJ, CBXA, CBXY, and CBXO, each with a one-year target outcome period. Each ETF utilizes both FLEX and listed options and resets quarterly on a staggered schedule in January, April, July, and October, respectively. These ETFs provide 90% downside protection, but cap upside returns during their respective outcome periods. The laddered strategy mitigates market entry/exit timing risks by ensuring continuous access to refreshed upside and downside parameters. Note that CBXL itself does not offer protection. The fund rebalances twice a year to maintain equal weighting. Daily information on CBXLs exposure to the underlying ETFs, as well as remaining caps and buffers, is available on the issuers website.
Classification
Symbol
Geography
Global
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
ETF
Bonds, Cash & Other100.00%
ETF99.93%
Cash0.07%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
CBXL top holdings are Calamos Bitcoin 90 Series Structured Alt Protection ETF - April and Calamos Bitcoin 90 Series Structured Alt Protection ETF- October, occupying 25.07% and 25.07% of the portfolio correspondingly.
CBXL assets under management is 1.23 M USD. It's fallen 0.32% over the last month.
CBXL fund flows account for 0.00 USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, CBXL doesn't pay dividends to its holders.
CBXL shares are issued by Calamos Family Partners, Inc. under the brand Calamos. The ETF was launched on Oct 14, 2025, and its management style is Active.
CBXL expense ratio is 0.79% meaning you'd have to pay 0.79% of your investment to help manage the fund.
CBXL follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
CBXL invests in funds.
CBXL trades at a premium (0.08%) meaning the ETF is trading at a higher price than the calculated NAV.