# Calamos Nasdaq-100 Structured Alt Protection ETF – September (CPNS) — Overview

CPNS · NYSE · Fund

Canonical page: https://www.lighthorse.io/tickers/cpns

## Price

Last close $28.52 on Oct 15, 2026. 52-week range $26.93 – $28.70.

## Fund profile

CPNS seeks to track the return of the Invesco QQQ TrustSM, Series 1 (QQQ), to a cap, with 100% downside hedge over a one year outcome period. The actively managed fund holds FLEX options to obtain exposure. The fund aims to outperform cash holdings.

| Metric | Value |
| --- | --- |
| Issuer | Calamos Advisors LLC |
| Industry | — |
| Inception | Sep 3, 2024 |
| Assets under management | $27.9M |
| Expense ratio | 0.69% |
| Net asset value | $28.62 (as of Oct 14, 2026) |
| Distributions | Annually |
| Leverage | 1x |

## Frequently Asked Questions

### What is Calamos Nasdaq-100 Structured Alt Protection ETF – September (CPNS)?

CPNS seeks to track the return of the Invesco QQQ TrustSM, Series 1 (QQQ), to a cap, with 100% downside hedge over a one year outcome period. The actively managed fund holds FLEX options to obtain exposure. The fund aims to outperform cash holdings.

### What is CPNS's expense ratio?

Calamos Nasdaq-100 Structured Alt Protection ETF – September charges an annual expense ratio of 0.69%. The fund is issued by Calamos Advisors LLC.

### How large is CPNS?

Calamos Nasdaq-100 Structured Alt Protection ETF – September manages $27.9M in assets and has traded since Sep 3, 2024.

### How do I buy shares of Calamos Nasdaq-100 Structured Alt Protection ETF – September (CPNS)?

CPNS trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).