- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 2020 Calamos Court Naperville United States of America 60563
- IPO Date
- Mar 3, 2025
- Business
- Calamos Nasdaq-100 Structured Alt Protection ETF - March (CPNM) is an exchange-traded fund managed by Calamos Advisors LLC that seeks to provide investors with exposure to the positive price return of the Nasdaq-100 Index, as tracked by the Invesco QQQ Trust, Series 1, up to a predefined cap of 8.17% over its one-year outcome period from March 3, 2025, to February 27, 2026, while offering 100% downside protection against losses in the reference asset if shares are held through the full period before fees and expenses. The ETF utilizes FLEX options issued by the Options Clearing Corporation to achieve these structured outcomes, delivering tax-deferred growth potential taxed at long-term capital gains rates if held over one year, with an annual expense ratio of 0.69%; it resets annually to provide refreshed caps and protection levels. CPNM forms part of Calamos Investments' broader suite of Structured Protection ETFs, which also includes monthly entry points tied to leading U.S. equity benchmarks like the S&P 500. Calamos Advisors LLC, founded in 1977 and headquartered in Naperville, Illinois, in the Chicago metropolitan area, operates as a subsidiary of Calamos Investments LLC, a diversified global investment firm with over $41 billion in assets under management as of early 2025, including more than $17 billion in liquid alternatives; the firm maintains offices across the United States in locations such as Chicago, New York, San Francisco, Milwaukee, Portland, and the Miami area, serving financial advisors, wealth platforms, institutions, and individual investors worldwide through ETFs, mutual funds, closed-end funds, interval funds, UCITS funds, and separately managed accounts focused on alternatives, convertibles, equity, fixed income, multi-asset, private credit, and sustainable strategies. In March 2025, Calamos Investments launched CPNM alongside the companion Calamos S&P 500 Structured Alt Protection ETF - March (CPSR), marking an expansion of its pioneering Structured Protection ETF series that leverages decades of expertise in alternatives, risk management, and options investing within a liquid, cost-effective ETF structure; this followed strong demand for prior innovations like the June 2025 Autocallable Income ETF (CAIE) and built on strategic partnerships such as the July 2025 launch with Aksia of the Calamos Aksia Private Equity & Alternatives Fund (CAPVX), enhancing retail access to private markets. Subsequent developments in late 2025 included plans for a second Autocallable Income ETF (CAIQ) and the October launch of the Calamos and Aksia Hedged Strategies Fund (HEDGX), underscoring Calamos' ongoing commitment to diversifying its alternatives pipeline amid growing investor interest in risk-managed, outcome-oriented products.