The Calamos S&P 500 Structured Alt Protection ETF (NYSE: $CPSM) launched in May 2024, giving 100% downside protection to investors buying at the fund's inception in exchange for no dividend and a capped upside (capped at 9.3% after fees, also at inception; caps are fixed via options contracts at inception so investors buying at later prices receive different levels of upside caps and downside protection).

Are nodownside ETFs too good to be true? BBAE CIO James Early digs into the subject with Calamos’ Head of ETFs Mark Kaufman. They talk about Calamos' latest S&P 500 nodownside ETF, and forthcoming suite of others (NASDAQ 100 is next), and a range of topics including:

1) How Calamos uses options to structure these ETFs
2) How the 100% downside protection works with no credit risk
3) What differentiates Calamos’ zerodownside products from competitors'
4) What happens after the oneyear term is up
5) What type of investors nodownside ETFs are for

Do your own homework in deciding what investments are right for you, as always.

More from Matt Kaufman and Calamos at: https://calamos.com
More from BBAE at: https://bbae.com