Welcome to our dedicated page for Calamos S&P 500 Str Alt Prt ETF-May news (Ticker: CPSM), a resource for investors and traders seeking the latest updates and insights on Calamos S&P 500 Str Alt Prt ETF-May stock.
The Calamos S&P 500 Structured Alt Protection ETF — May (CPSM) generates news primarily around its outcome period resets, cap levels, and role within the Calamos Structured Protection ETF suite. Calamos has announced that CPSM’s outcome periods are designed to provide 100% downside protection against negative S&P 500 returns over one year, before fees and expenses, while offering a pre-determined upside cap linked to the price return of the SPDR S&P 500 ETF Trust (SPY).
News updates for CPSM often focus on estimated upside cap ranges and reset dates. For example, Calamos disclosed an estimated upside cap range of 6.88%–7.45% for the outcome period from May 1, 2025 to April 30, 2026, highlighting how the fund’s cap and protection features are refreshed each year. Coverage may also reference CPSM’s place in a broader launch schedule of Structured Alt Protection ETFs tied to the S&P 500, Nasdaq-100, and Russell 2000.
Investors following CPSM-related news can expect information about changes in cap ranges, outcome period details, and structural features such as the use of FLEX Options and the relationship to benchmarks like the S&P 500 Index and the MerQube Capital Protected US Large Cap Index – May. Articles may also reiterate Calamos’ risk disclosures, including capital protection risk, capped upside risk, derivatives risk, and trading risks.
This news page helps readers track how CPSM’s outcome periods evolve over time, how estimated caps are set for upcoming periods, and how CPSM fits within Calamos’ Structured Protection ETF lineup. For investors who monitor structured protection strategies tied to the S&P 500, CPSM news can provide context on the fund’s design, risk considerations, and announced cap ranges.
Calamos Investments has announced the upcoming reset of its S&P 500® Structured Alt Protection ETF™ — May (CPSM), scheduled for May 1, 2025. The ETF will offer investors an estimated upside cap range of 6.88% - 7.45% while providing 100% downside protection against negative S&P 500 returns over a one-year outcome period.
The ETF tracks the price return of the SPDR® S&P 500® ETF Trust (SPY) with an annual expense ratio of 0.69%. Managed by Co-CIO Eli Pars and the Alternatives Team, CPSM combines Calamos' expertise in alternatives, risk management, and options investing with the benefits of an ETF structure.
Key features include annual resets, tax-efficient growth potential with long-term capital gains treatment if held over one year, and the ability to hold shares indefinitely. The upcoming outcome period runs from May 1, 2025, to April 30, 2026.
Calamos Investments has announced the introduction of its new Calamos S&P 500 Structured Alt Protection ETF – July (CPSJ), set to launch on July 1, 2024. This ETF provides 100% downside protection over a one-year outcome period with an estimated cap range of 9.2%-9.7%. The move comes in response to significant investor demand following the success of their first Structured Protection ETF, CPSM, which launched on May 1, 2024. Calamos will now offer a new S&P 500 version monthly instead of quarterly. The ETF suite leverages Calamos' extensive expertise in alternatives and options investing, combining it with the benefits of the ETF structure, such as liquidity, cost-effectiveness, and tax efficiency.
The CPSJ ETF is designed to offer tax advantages by allowing gains to grow tax-deferred, with long-term capital gain rates applicable if held for more than a year. Portfolio management will be led by Co-CIO Eli Pars and the Alternatives Team, and the ETF will track the price return of the SPDR® S&P 500® ETF Trust (SPY). The annual expense ratio for CPSJ is set at 0.69%.