# Calamos Russell 2000 Structured Alt Protection ETF – July (CPRJ) — Overview

CPRJ · NYSE · Fund

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

## Price

Last close $27.29 on Oct 15, 2026. 52-week range $26.29 – $27.89.

## Fund profile

CPRJ seeks to track the return of the iShares Russell 2000 ETF (IWM), 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 | Jul 1, 2024 |
| Assets under management | $41.6M |
| Expense ratio | 0.69% |
| Net asset value | $27.31 (as of Oct 14, 2026) |
| Distributions | Annually |
| Leverage | 1x |

## Frequently Asked Questions

### What is Calamos Russell 2000 Structured Alt Protection ETF – July (CPRJ)?

CPRJ seeks to track the return of the iShares Russell 2000 ETF (IWM), 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 CPRJ's expense ratio?

Calamos Russell 2000 Structured Alt Protection ETF – July charges an annual expense ratio of 0.69%. The fund is issued by Calamos Advisors LLC.

### How large is CPRJ?

Calamos Russell 2000 Structured Alt Protection ETF – July manages $41.6M in assets and has traded since Jul 1, 2024.

### How do I buy shares of Calamos Russell 2000 Structured Alt Protection ETF – July (CPRJ)?

CPRJ 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).