CPRJCalamos Russell 2000 Structured Alt Protection ETF - July
Seeks to match the positive price return of the iShares Russell 2000 ETF up to a cap of 8.10% while protecting against 100% of negative price return.
By Calamos · Launched 2024
0.69%
#3,611 of 5,861 · average
$23M
#4,365 of 5,861 · small
+6.7%
2 years
#3,568 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 = 99.9% 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 iShares Russell 2000 ETF up to a cap of 8.10% while protecting against 100% of negative price return.
- Strategy
- Actively managed ETF designed to provide returns matching the iShares Russell 2000 ETF's price up to an 8.10% cap while protecting against price declines. Invests substantially all assets in FLEX Options referencing the Underlying ETF.
- Inception date
- June 28, 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