Key stats
About Calamos Laddered S&P 500 Structured Alt Protection ETF
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Inception date
Sep 9, 2024
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
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
US12811T7384
CPSL holds a laddered portfolio of defined outcome buffer ETFs. At the time of launch, the fund consisted of four underlying ETFs, each of which has exposure to SPYs capped gains with a 100% downside hedge over a one-year outcome period. During the ramp-up period, the fund will rebalance monthly to add newly launched underlying ETFs until June 2025, wherein the portfolio eventually will hold 12 equally weighted Calamos S&P 500 Structured Alt Protection ETFs. Each underlying ETF uses FLEX options exclusively and resets every year at the beginning of each month. This means that approximately every 30 days, one of the underlying ETFs will reset its cap and refresh its downside protection. This creates a continuous hedge regardless of each underlying ETFs outcome period. The approach reduces the timing risks associated with a monthly buffer strategy. Information on CPSLs exposure to the underlying ETFs, remaining cap, and buffer are provided daily on the issuers website.
Classification
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%
ETF100.00%
Cash−0.00%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
CPSL top holdings are Calamos S&P 500 Structured Alt Protection ETF - December and Calamos S&P 500 Structured Alt Protection ETF August, occupying 8.43% and 8.40% of the portfolio correspondingly.
CPSL assets under management is 82.66 M USD. It's risen 4.21% over the last month.
CPSL fund flows account for 55.85 M 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, CPSL doesn't pay dividends to its holders.
CPSL shares are issued by Calamos Family Partners, Inc. under the brand Calamos. The ETF was launched on Sep 9, 2024, and its management style is Active.
CPSL expense ratio is 0.79% meaning you'd have to pay 0.79% of your investment to help manage the fund.
CPSL follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
CPSL invests in funds.
CPSL price has risen by 0.77% over the last month, and its yearly performance shows a 6.34% increase. See more dynamics on CPSL price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.86% over the last month, showed a 2.01% increase in three-month performance and has increased by 5.24% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.86% over the last month, showed a 2.01% increase in three-month performance and has increased by 5.24% in a year.
CPSL trades at a premium (0.01%) meaning the ETF is trading at a higher price than the calculated NAV.