CPRA Calamos Russell 2000 Structured Alt Protection ETF – April

About this ETF

The Calamos Russell 2000 Structured Alt Protection Portfolio ETF is an actively managed exchange-traded fund designed to offer defined outcome investing linked to the performance of the Russell 2000 Index. Its primary purpose is to match the positive price return of the Russell 2000 up to a pre-set cap over a one-year outcome period, while providing 100% downside protection during that same period, before accounting for fees and expenses. This structure allows investors to participate in U.S. small-cap equity upside within a known growth limit and with no risk of capital loss over the outcome period if held for its duration. The ETF targets individuals and institutions seeking equity market participation without exposure to drawdowns, making it suitable for risk-averse investors, cash management strategies, or those looking to preserve capital, such as retirees. Its tax-efficient structure further enhances its appeal as gains may be taxed at long-term capital gains rates if held longer than a year. The fund is part of Calamos’ suite of structured protection ETFs, leveraging the firm’s expertise in alternatives, risk management, and options-based strategies to provide innovative risk control solutions in the equity market.