# Calamos S&P 500 Structured Alt Protection ETF – February (CPSF) — Overview

CPSF · NYSE · Fund

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

## Price

Last close $26.70 on Oct 15, 2026. 52-week range $25.13 – $26.72.

## Fund profile

CPSF seeks to track the return of the SPDR S&P 500 ETF Trust (SPY), 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 | Feb 3, 2025 |
| Assets under management | $35.4M |
| Expense ratio | 0.69% |
| Net asset value | $26.72 (as of Oct 14, 2026) |
| Distributions | Annually |
| Leverage | 1x |

## Frequently Asked Questions

### What is Calamos S&P 500 Structured Alt Protection ETF – February (CPSF)?

CPSF seeks to track the return of the SPDR S&P 500 ETF Trust (SPY), 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 CPSF's expense ratio?

Calamos S&P 500 Structured Alt Protection ETF – February charges an annual expense ratio of 0.69%. The fund is issued by Calamos Advisors LLC.

### How large is CPSF?

Calamos S&P 500 Structured Alt Protection ETF – February manages $35.4M in assets and has traded since Feb 3, 2025.

### How do I buy shares of Calamos S&P 500 Structured Alt Protection ETF – February (CPSF)?

CPSF 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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Quotes and charts are not real-time and must not be relied on for trade decisions or valuation.

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).