Calamos S&P 500 Structured Alt Protection ETF – June

The Calamos S&P 500 Structural Alpha Portfolio ETMF is an actively managed exchange-traded managed fund designed to provide structured exposure to the price performance of the S&P 500 Index. Its primary function is to deliver the positive price return of the S&P 500 up to a pre-determined cap, while simultaneously offering 100% downside protection if held for its designated one-year outcome period. This structure aims to appeal to investors seeking equity-linked returns without the risk of capital loss from market downturns. The fund uses a strategy centered on FLEX Options linked to the SPDR S&P 500 ETF Trust, enabling it to create this blend of capped upside and full downside protection. Targeted for investors who are risk-averse or looking to preserve capital—particularly retirees or those wary of equity market volatility—it is also positioned as a tax-efficient alternative to holding excess cash, offering more upside potential without sacrificing principal protection. The product forms part of Calamos’ suite of structured protection funds, underscoring its market significance as a solution for controlled equity exposure and risk mitigation in diversified portfolios.