CPNM ETF — Holdings & Analysis

Calamos Nasdaq-100 Structured Alt Protection ETF – March (CPNM), managed by Calamos, is a equity ETF. 0.69% expense ratio, $13M AUM, 5 holdings, inception 2025.

Calamos Nasdaq-100 Structured Alt Protection ETF – March (CPNM) ETF — Price, Holdings & Analysis

Calamos Nasdaq-100 Structured Alt Protection ETF – March (CPNM), managed by Calamos, is a equity ETF. 0.69% expense ratio, $13M AUM, 5 holdings, inception 2025.

ETF Overview

Calamos Structured Protection ETFs are designed to match the positive price return of the Nasdaq-100 up to a defined cap while protecting against 100% of losses over a one-year period (before fees and expenses). Calamos Nasdaq-100 Structured Alt Protection ETF – March provides exposure to the equity market. The portfolio is concentrated with 5 holdings.

Risk Metrics

Calamos Nasdaq-100 Structured Alt Protection ETF – March holds only 5 positions, creating elevated concentration risk where poor performance from a few holdings can significantly impact returns. Heavy allocation to Cash & Others (100.0%) means sector-specific downturns could disproportionately affect performance. A beta of 0.00 indicates lower volatility relative to the broader market. The 0.69% expense ratio is above average and will reduce net returns over time. With $13M in assets, the fund may face liquidity constraints and wider bid-ask spreads.

Expense Ratio

0.69%

How Is the Fund Allocated?

Sector	Weight
Cash & Others	100.0%

Country	Weight
Other	100.0%

Dividend Yield

0.00%

Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
State Street Financial Select Sector SPDR ETF (XLF) — 0.08% expense ratio
iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
iShares MSCI EAFE ETF (EFA) — 0.32% expense ratio

Calamos Antetokounmpo Global Sustainable Equities ETF (SROI) (Equity) — 0.95% expense ratio
Calamos S&P 500 Structured Alt Protection ETF – April (CPSP) (Equity) — 0.69% expense ratio

Risk Metrics

Beta: 0.00

Questions & Answers

What is Calamos Nasdaq-100 Structured Alt Protection ETF – March (CPNM)?

With $13M in assets under management, it is a funds in its category.

What is the expense ratio for CPNM?

Calamos Nasdaq-100 Structured Alt Protection ETF – March has an expense ratio of 0.69%, which is considered higher than average for equity ETFs. This means for every $10,000 invested, annual fees would be approximately $69.

Lower expense ratios generally lead to better long-term returns, all else being equal.

How long has CPNM been around?

Calamos Nasdaq-100 Structured Alt Protection ETF – March was launched in 2025, making it 1 years old. It is a relatively newer fund with a shorter track record. It is managed by Calamos.

What is the current NAV of CPNM?

Calamos Nasdaq-100 Structured Alt Protection ETF – March has a net asset value (NAV) of approximately $26.23 per share. The NAV represents the per-share value of the fund's underlying assets minus liabilities.

Market price may differ slightly from NAV due to supply and demand dynamics during trading hours.

Is CPNM a good investment?

Calamos Nasdaq-100 Structured Alt Protection ETF – March is a equity ETF with $13M in assets and 5 holdings.

Equity ETFs are subject to market risk and can experience significant short-term volatility, though they have historically provided strong long-term returns for patient investors. Whether it is suitable depends on your investment goals, risk tolerance, and time horizon. Consider consulting a financial advisor for personalized guidance.