- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 2020 Calamos Court Naperville IL United States of America 60563
- IPO Date
- Oct 1, 2024
- Business
- Calamos S&P 500 Structured Alt Protection ETF - October (NYSE Arca: CPSO) is an actively managed exchange-traded fund that seeks to deliver the positive price return of the SPDR S&P 500 ETF Trust (SPY) up to a predefined cap while providing 100% downside protection against negative price returns of the reference asset over an approximate one-year outcome period from October 1, 2024, to September 30, 2025, before fees and expenses; the fund achieves this exposure through a portfolio of FLEX options, including long call options, long put options, and short call options on SPY, with a net expense ratio of 0.69% and portfolio management led by Co-CIO Eli Pars and the Calamos Alternatives Team. Issued by Calamos ETF Trust and managed by Calamos Investments LLC, a diversified global investment firm founded in 1977 and headquartered in Naperville, Illinois, with additional offices in Chicago, New York, San Francisco, Milwaukee, Portland, and the Miami area, CPSO targets investors seeking equity risk control, tax-advantaged cash alternatives, or capital preservation strategies, particularly financial advisors, institutions, and individuals; it benchmarks against the MerQube Capital Protected US Large Cap Price Return Index – October while operating within the defined outcome ETF category. In recent developments, Calamos Investments launched CPSO on October 1, 2024, as part of its expanding Structured Protection ETF suite, which now includes monthly issuances tracking the S&P 500, Nasdaq-100, Russell 2000, and Bitcoin with similar cap-and-protection mechanics; this follows strong investor demand evidenced by rapid asset growth in prior funds like CPSA and the firm's strategic expansions, including the July 2025 launch of the Calamos Aksia Private Equity & Alternatives Fund (CAPVX) under the AC Private Markets brand in partnership with Aksia, and the October 2025 introduction of the Hedged Strategies Fund (HEDGX). The firm's broader operations encompass equity, convertible, fixed income, multi-asset, sustainable, and alternatives strategies delivered via ETFs, mutual funds, closed-end funds, interval funds, UCITS, and separately managed accounts to clients including pension funds, endowments, wealth platforms, and individuals primarily in the United States.