On Thursday, Calamos Investments rang in the new year with the launch of two new Structured Protection ETFs.
The first fund, the Calamos S&P 500 Structured Alt Protection ETF – January (CPSY), provides exposure to equities within the S&P 500. Meanwhile, the Calamos Russell 2000 Structured Alt Protection ETF – January (CPRY) drills down on the Russell 2000. Each fund is actively managed and has a net expense ratio of 0.69%.
Like other Structured Protection ETFs in the Calamos lineup, CPSY and CPRY offer participation in the upside for their designated indexes. These potential gains are subject to an upside cap.
This upside participation is paired with a heavy-duty shell for downside protection. CPSY and CPRY offer complete protection against potential losses across the outcome period, save for fees and expenses. This strategy of upside gains and downside security is executed through a disciplined portfolio of FLEX Options.
Outcome periods for these funds last for one year. Afterward, these Calamos funds will invest in new FLEX Options and begin the next outcome period. As such, the upside cap for these funds may change heading into the new outcome period.
Blending Upside Gains With Downside Protection
With 2025 just getting started, these new Calamos funds can help investors bolster their risk-averse equity exposure. CPSY and CPRY can both participate in broad equity growth while potentially shielding investors from inflationary risk.
By investing in CPSY or CPRY, investors can tap into Calamos’ extensive experience in piloting alternative strategies. The firm has continued to innovate in the field of Structured Protection ETFs, with new funds debuting regularly every month.
Many of Calamos’ funds have attracted significant interest from the investment community. For example, the Calamos Laddered S&P 500 Structured Alt Protection ETF (CPSL) has seen over $40 million in fund flows since it launched in September 2024.
For more news, information, and strategy, visit the Alternatives Channel.
