- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 2020 Calamos Court Naperville IL United States of America 60563
- IPO Date
- Apr 1, 2025
- Business
- Calamos ETF Trust (ticker: CPRA) is a Delaware statutory trust that serves as the issuer for a suite of structured alternative protection exchange-traded funds (ETFs) managed by Calamos Investments LLC, providing investors with defined outcome strategies featuring 100% downside protection against losses in reference assets over one-year outcome periods (before fees and expenses), including exposure to the price return of the iShares Russell 2000 ETF (IWM) via the Calamos Russell 2000 Structured Alt Protection ETF - April (CPRA); Calamos S&P 500 Structured Alt Protection ETF - April (CPSP); Calamos Russell 2000 Structured Alt Protection ETF - July (CPRJ); and other monthly series such as those referencing the Russell 2000 for October (CPRO), each utilizing FLEX Options to deliver capped upside potential (e.g., estimated ranges of 8.32%-9.33% for CPRA's April 1, 2025, to March 31, 2026, period) alongside full principal protection if held to the end of the outcome period, with annual expense ratios of 0.69% and tax-deferred growth on gains held over one year. The Trust operates within the investment management industry, targeting financial advisors, wealth platforms, institutions, pension funds, endowments, and individual investors seeking equity risk control without market drawdowns; it offers products through U.S.-listed ETFs benchmarked against indices like the Russell 2000 Index Price Return and MerQube Capital Protected US Small Cap Index. Founded in 2013 and headquartered at c/o Calamos Advisors LLC, 2020 Calamos Court, Naperville, Illinois 60563, with registered offices in Wilmington, Delaware, the Trust leverages Calamos Investments' global operations across offices in Chicago, New York, San Francisco, Milwaukee, Portland, and Miami. Recent developments include the March 2025 announcement and April 1, 2025, launch of CPRA and CPSP with refreshed upside cap ranges and 100% protection over their respective one-year periods; the October 2025 debut of three pioneering Laddered Bitcoin Structured Alt Protection ETFs (CBOL for 100% protection, CBXL for 90%, CBTL for 80%) marking the world's first such bitcoin-linked defined outcome ETFs; January 2025 expansions of the Bitcoin suite with CBXJ (90% protection) and CBTJ (80% protection); and the July 2025 launch of CAPVX, the Calamos Aksia Private Equity & Alternatives Fund, deepening the strategic partnership with Aksia for private markets access via interval funds. These initiatives reflect ongoing expansions in the Structured Protection ETF lineup, liquid alternatives, and cryptocurrency-linked products, building on prior 2024 Russell 2000 series launches like CPRJ.