CPNJCalamos Nasdaq-100 Structured Alt Protection ETF - June
Seeks to match the positive price return of the Invesco QQQ Trust up to a cap of 8.00% while protecting against 100% of negative price return.
By Calamos · Launched 2024
0.69%
#3,611 of 5,861 · average
$40M
#3,857 of 5,861 · mid-size
0.00%
2 years
#3,510 of 5,861 · seasoned
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 3 holdings = 99.8% of fundconcentrated
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks to match the positive price return of the Invesco QQQ Trust up to a cap of 8.00% while protecting against 100% of negative price return.
- Strategy
- Actively managed ETF designed to provide upside participation in the Underlying ETF's share price up to an 8.00% cap while protecting against 100% of losses. Utilizes FLEX Options to implement a capital protected target outcome strategy over the Outcome Period.
- Inception date
- May 31, 2024
- Fund family
- Calamos
Similar funds
Same asset class, closest by strategy & exposureOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
You can build this cheaper yourself
Defined-outcome funds cap your gains (often 8% to 20%) in exchange for cushioning losses by 9% to 30%, priced with options. The fee runs about 0.70% or more, against 0.03% to 0.10% for a plain index fund. For most investors, a simple stock-and-bond mix gives similar protection for far less.
Sources: Morningstar, 'Buffer Funds Are on the Rise, but They May Not Make Sense for Most Investors' (2025)
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
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Data updated on 2026-08-04