CPSM – Calamos S&P 500 Str Alt Prt ETF-May – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to provide investment results that, before taking fees and expenses into account, match the positive price return of the SPDR® S&P 500® ETF Trust. Under normal market conditions, the fund will invest substantially all of its assets in FLexible EXchange Options ("FLEX Options") that reference the price performance of the SPDR® S&P 500® ETF Trust. FLEX Options are customized equity or index option contracts that trade on an exchange but provide investors with the ability to customize key contract terms like exercise prices, styles and expiration dates. The fund is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
CPSM	Calamos S&P 500 Structured Alt Protection ETF - May	ETF	Open	—	—	Apr 30, 2024	$58.72M	0.690%	—	—	−$6.31M

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