Calamos S&P 500 Structured Alt Protection ETF – April

The Calamos S&P 500 Strategic Alternative Fund is a structured alternative exchange-traded fund designed to offer investors exposure to the price return of the S&P 500 Index with a unique risk management feature. The fund aims to capture the positive performance of the S&P 500 up to a pre-defined upside cap, which for the April 2025 outcome period is set at 7.78% before fees and expenses. Distinctively, it provides 100% capital protection over a one-year period, ensuring that investors are shielded from any negative price returns of the index during that time frame. This makes the fund a compelling option for those seeking equity participation while minimizing downside risk, especially in volatile or uncertain markets. Its design is particularly well-suited for individuals nearing retirement or those looking to de-risk their portfolios, as well as for investors seeking a tax-efficient alternative to holding cash. By leveraging Calamos’ expertise in alternatives, risk management, and options investing, the fund delivers capital-protected growth potential within the flexible and cost-effective ETF structure, reinforcing its significance in modern portfolio risk management strategies.