ETFs
Intra-period purchases can work for these ETFs
Investors may want to consider investing in a Calamos Structured Protection ETF, even if they missed the first day cap and NAV.
Calamos Structured Protection ETFs provide attractive upside-capped exposure to various indices, including the S&P 500, Nasdaq-100 and Russell 2000 (July 1), as well as 100% capital protection over the outcome period one year.
From day one, investing in a Calamos Structured Protection ETF guarantees the full extent of capped upside potential and complete downside protection. These results, defined at fund launch, can help investors more easily plan their portfolio allocations.
Even after the first day, it is worth investing in a Calamos Structured Protection ETF for the remaining outcome period. For example, if the fund’s index is close to the fund’s first-day NAV, investors can access similar upside caps and downside protection for a shorter period of time, which could result in higher returns. higher annualized.
When the index is below the ETF’s Day 1 NAV, investors can potentially access upside beyond the established Day 1 cap. This higher return potential always comes with 100% protection. % against declines, allowing investors to bet on outperformance while mitigating risk.
Intra-period flexibility is one of the many reasons Calamos Structured Protection ETFs resonate with investors. Purchasing these funds on launch day can be ideal. However, many investment opportunities remain to be seized between now and the results period.
“Although these are what are called 100% protected products, and any time you can subscribe at the starting point is good, you will still get extremely low volatility, an extremely good return profile and very strong protection,” added Matt Kaufman, Calamos SVP and Head of ETFs.
THE Calamos Nasdaq – 100 Structured Alternative Protection ETFs – June (CPNJ) is the latest Calamos Structured Protection ETF to enter the US market. In the first week after the fund launched, CPNJ collected over $43 million in fund flows.
For more news, information and analysis, visit the Alternative channel.
Disclosure Information
Before investing, carefully consider the fund’s investment objectives, risks, charges, and expenses. Please see the prospectus and summary prospectus containing this and other information, which can be obtained by calling 1-866-363-9219. Read it carefully before investing.
An investment in the Fund(s) is subject to risks and you could lose money on your investment in the Fund(s). There is no guarantee that the Fund(s) will achieve its investment objective. Your investment in the Fund(s) does not constitute a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in the Fund(s) may increase during periods of significant market volatility. The Fund(s) also involve specific principal risks, which are described below. More detailed information regarding these risks can be found in the Fund’s prospectus.
Investing involves risks. A loss of capital is possible. The Funds face numerous market trading risks, including concentration of permitted holdings risk, cap change risk, capital protection risk, capped upside risk, cash holding risk, clearing member default risk, correlation risk, derivatives risk, equity securities risk, investment timing risk, large capitalization investment risk, liquidity risk, market maker risk, market risk, non-diversification risk, options risk, premium discount risk, secondary market trading risk, sector risk, tax risk, trading issues risk, risk underlying ETFs and valuation risk. For a detailed list of fund risks, see the prospectus.
Further information
There can be no assurance that the Fund will be successful in providing the protection sought. The results that the Fund seeks to provide can only be achieved if you hold shares on the first day of the outcome period and continue to hold them on the last day of the outcome period, which is approximately one year. There can be no assurance that the results of any results period will be realized or that the Fund will achieve its investment objective. If the Outcome Period has begun and the value of the Underlying ETF has increased, any appreciation of the Fund due to increases in the Underlying ETF since the beginning of the Outcome Period will not be protected by the protection sought, and an investor could incur losses until the underlying ETF returns to the original price at the start of the outcome period.
Shareholders of the Fund are subject to an upward return cap (the “Cap”) which represents the maximum percentage return an investor can obtain from an investment in the funds for the Outcome Period, before fees and expenses . If the Outcome Period has begun and the value of the Fund has increased to a level near the cap, an investor purchasing at that price has little or no ability to realize gains but remains vulnerable to downside risks. Additionally, the cap may increase or decrease from one outcome period to the next. The cap and the position of the Fund in relation to it should be considered before investing in the Fund. The Fund’s website, www.calamos.com, provides daily important information about the Fund as well as information relating to the potential results of an investment in a Fund.
These Funds are designed to provide point-to-point exposure to the price performance of the reference asset via a basket of flexible options. Therefore, ETFs are not expected to move directly in line with the reference asset during the interim period.
Investors who purchase stocks after an earnings period has begun may experience results that differ significantly from those of the fund’s investment objective. Initial outcome periods are approximately one year from the date of fund inception. After the initial results period, each subsequent results period will begin on the first day of the month in which the fund is established. After the conclusion of one results period, another will begin.
FLEX Options Risk The Fund will use FLEX options issued and guaranteed for settlement by Options Clearing Corporation (OCC). In the unlikely event that the OCC becomes insolvent or is otherwise unable to meet its settlement obligations, the Fund could suffer significant losses. Additionally, FLEX options may be less liquid than standard options. In a less liquid market for FLEX options, the Fund may have difficulty closing out certain positions in FLEX options at desired times and prices. FLEX option values do not increase or decrease at the same rate as the reference asset and may vary due to factors other than the price of the reference asset.
Shares are bought and sold at market price, not net asset value (NAV), and are not individually redeemable from the fund. The net asset value represents the value of each stock’s share of the fund’s underlying assets and cash at the end of the trading day. Market price returns reflect the midpoint of the bid/ask spread at the close of trading on the exchange where the fund’s shares are listed.
100% capital protection is provided over a period of one year before fees and charges. All limits are predetermined.
Capitalization Range – Maximum percentage return that an investor can obtain from an investment in the Fund if held during the Outcome Period. The cap range shown is the high and low cap rate over the last 15 trading days. The actual ceiling issued by the Fund may be different.
Protection Level – Amount of protection the Fund is designed to achieve over the remaining days.
Outcome Period – Number of days in the outcome period.
Nasdaq® and Nasdaq-100 are registered trademarks of Nasdaq, Inc. (which, together with its affiliates, the “Companies”) and are used under license by Calamos Advisors LLC. The Fund has not been conveyed by the Companies as to its legality or suitability. The Fund is not issued, endorsed, sold or promoted by the Companies. The companies make no guarantees and assume no liability with respect to the Fund(s).
STRUCTURED ALT PROTECTION ETF and STRUCTURED PROTECTION ETF are registered trademarks of Calamos Investments LLC.
Calamos Financial Services LLC, distributor
Calamos Financial Services LLC
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NOT FDIC INSURED | MAY LOSE VALUE | NO BANK GUARANTEE