Calamos Nasdaq-100 Structured Alt Protection ETF – June
CPNJ
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 2020 Calamos Court Naperville IL United States of America 60563
- IPO Date
- Jun 3, 2024
- Website
- calamos.com
- Similar Companies
- Business
- Calamos Nasdaq-100 Structured Alt Protection ETF - June (CPNJ) is an actively managed exchange-traded fund that seeks to provide investors with the positive price return of the Invesco QQQ Trust, Series 1 (based on the Nasdaq-100 Index) up to a predefined upside cap, while offering 100% downside protection against losses over a one-year outcome period before fees and expenses; the fund utilizes FLEX options, including long call and put options on QQQ and short call options, to achieve these defined outcomes. Launched on June 3, 2024, and listed on NYSE Arca, CPNJ features an annual expense ratio of 0.69%, resets its cap and protection annually on a rolling basis starting each June, and allows shares to be held indefinitely with potential tax advantages from long-term capital gains treatment if held over one year. The fund targets investors seeking equity risk control, tax-advantaged cash alternatives, or capital preservation for retirement, with current assets under management of approximately $41.1 million as of late 2025. CPNJ forms part of Calamos Investments LLC's Structured Protection ETF suite, which applies the firm's alternatives and options expertise to deliver liquid, cost-effective exposure to major indices including the S&P 500, Nasdaq-100, and Russell 2000; it follows the successful launch of the Calamos S&P 500 Structured Alt Protection ETF - May (CPSM), which exceeded $100 million in AUM shortly after its May 2024 debut. Geographically, CPNJ operates primarily in the United States, with shares traded on NYSE Arca; Calamos Investments, the issuer headquartered in the Chicago metropolitan area with additional offices in New York, San Francisco, Milwaukee, Portland, and Miami, manages the fund through its Alternatives Team led by co-CIO Eli Pars alongside portfolio managers Jason Hill, David O’Donohue, Jimmy Young, and Anthony Vecchiolla. In May 2025, CPNJ completed its inaugural one-year outcome period ending May 30, 2025 (from June 3, 2024), and reset for a new period through approximately May 2026, announcing updated upside cap rates alongside related funds such as CPSU; this reset introduced refreshed protection levels around 95-96% with caps near 3% as of December 2025, reflecting market conditions and ongoing annual adjustments typical of the Structured Protection series. No major acquisitions, funding rounds, or strategic alliances specific to CPNJ have been reported in the last two years, though Calamos continues expanding the suite with additional monthly series launches on S&P 500, Nasdaq-100, and Russell 2000 indices. The fund maintains no distributed capital gains to date and provides daily holdings transparency via its website.