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Calamos Expands Structured Protection ETFs Range with CPSA ETF Launch on NYSE

CPSA offers investors a balanced investment solution by combining potential market upside with one year of guaranteed capital protection.

Rony Abboud
By Rony Abboud · August 1, 2024
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Calamos Investments has introduced the Calamos S&P 500® Structured Alt Protection ETF – August (

), which began trading today on the New York Stock Exchange (NYSE).

Competitively priced at 0.69%, CPSA offers investors a balanced investment solution by combining potential market upside with one year of guaranteed capital protection. Specifically, it aims to match the performance of the S&P 500 Index up to an annual cap of 8.74% (before fees) while shielding investors from losses over a one-year outcome period.

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3 Reasons Why Investors Should Consider CPSA ETF

Key features of the ETF include:

  • 100% Capital Protection: The CPSA ETF guarantees no downside risk over the one-year outcome period, offering peace of mind in volatile markets.
  • Defined Upside Participation: Investors gain exposure to the S&P 500® with a capped upside, benefiting from market upswings while minimizing risk.
  • Tax Alpha: Designed for tax-deferred growth within a tax-efficient ETF wrapper, CPSA enhances after-tax returns for investors.

Important note

Investors should keep in mind that purchasing the ETF during its outcome period may result in different levels of protection and potential returns compared to investing at inception. The ETF's webpage provides real-time updates on the upside cap, protection level, and remaining time in the outcome period.

Outcome performance CPSA ETF

Calamos Plans Popular ETF Series Expansion

John Koudounis, President and CEO of Calamos Investments, stated, “Demand for capital-protected solutions continues to grow, particularly in this environment where election-related risks are influencing equity market volatility.”

The CPSA ETF is the fifth addition to Calamos' Structured Protection ETFs series. This series debuted just two months ago with the launch of the Calamos S&P 500® Structured Alt Protection ETF™ – May (CPSM), which has already surpassed $100 million in assets under management due to strong investor demand.

Calamos plans to expand the range with new upcoming launches, providing exposure to the S&P 500®, Nasdaq-100®, and Russell 2000® benchmarks, each offering capped upside potential with downside protection.

Background on Calamos Investments

Calamos Investments, founded in the 1970s, specializes in building client wealth through innovative investment strategies, particularly convertible securities. The firm is committed to risk management and client focus, offering a diverse range of investment solutions, including alternatives, equities, and fixed income. Under the leadership of CEO John Koudounis, Calamos has experienced significant growth, solidifying its position as a leading liquid alternatives provider in the United States.

Please note this article is for information purposes only and does not in any way constitute investment advice. It is essential that you seek advice from a registered financial professional prior to making any investment decision.

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