Calamos S&P 500 Structured Alt Protection ETF - May

CPSM

Valor de mercado US$ 59,3 mi

On June 2, Calamos Investments began the month on a high note with the release of two new Structured Protection ETFs: the Calamos S&P 500® Structured Alt Protection ETF® – June (CPSU) and the Calamos Nasdaq-100® Structured Alt Protection ETF® – June (CPNJ).

For newer ETFs, a fund celebrating its first anniversary is a big milestone. That is certainly the case for the Calamos S&P 500 Structured Alt Protection ETF – May (CPSM), which came online May 1, 2024.

At this point, many advisors and investors have come to understand how Calamos Structured Protection ETFs blend equity upside with definitive downside security. However, to fully understand how these funds achieve their objectives of upside participation and downside protection, it helps to know how their outcome periods function.

The Calamos S&P 500® Structured Alt Protection ETF® — May (CPSM) is set to reset on May 1, 2025, with an estimated upside cap range of 6.88% - 7.45% over a one-year outcome period. Upon reset, CPSM will provide investors with 100% downside protection against negative S&P 500 returns over the next one-year outcome period.

On February 3, Calamos Investments started the month with the launch of its latest Structured Protection ETF, the Calamos S&P 500 Structured Alt Protection ETF – February (CPSF), an actively managed fund that seeks to provide upside returns correlated to the S&P 500.

Every new year brings with it a new opportunity to stop for a moment, take stock of where we currently sit, revisit resolutions, and refresh outlooks.

Markets are coming off back-to-back gains of more than 20% each on an annual basis. That's historically rare, and the chances of a hat trick in 2025 are slim to none.

When Calamos launched the first of its S&P 500 Structured Protection Funds, Calamos S&P 500® Structured Alt Protection ETF™ – May (CPSM), on May 1, 2024, it ignited tremendous enthusiasm among investors. “People loved the idea of getting 100% capital protection over a one-year outcome with strong upside opportunity relative to the S&P 500.

Ongoing developments are supporting how and why structured outcome ETFs continue to see growth. Recently, Bloomberg Intelligence added a section to its research dashboard to filter for Structured Outcome products.

Managing downside risk in portfolios has been a big theme this year as we navigate uncertainty in the face of a presidential election, the expectation of rate cuts as Federal Reserve monetary policy shifts, and geopolitical tensions across the globe. Buffer ETFs, as a category, have risen to that challenge.