ETF Education Report: CPRA

What this ETF is trying to do

The Calamos ETF Trust Russell 2000 Structured Alt Protection ETF April (ticker: CPRA) is an exchange-traded fund listed on the NYSE. While the specific investment strategy details are not provided in this data, ETFs like this generally aim to provide exposure to certain market segments through a structured approach.

What the numbers show

The current price of CPRA is $27.84. To understand how the share price has moved, we can look at its returns:

• Year-to-Date (YTD) Price Return: The share price has increased by approximately 4.90% since the start of the year.

• One-Year Price Return: Over the last year, the share price has increased by approximately 6.40%.

• Total Return: For both the YTD and one-year periods, the total return is also reported as 4.90% and 6.40%, respectively. Total return is a measure that includes both share-price changes and any distributions paid out.

Because this ETF does not have a history of stock splits, we can use an estimated price from roughly one year ago to see the change. The estimated price one year ago was approximately $26.16. If you had invested $10,000 into the share price one year ago, that value would have grown to approximately $10,640 based on the one-year price return.

Income and distribution explanation

Some investors look at ETFs specifically to receive regular cash payments, known as distributions. For CPRA, the distribution yield is 0%. The data shows no distributions were detected over the last 12 months. Because there are no payouts, the total return and the price return are currently the same.

NAV erosion explanation

"NAV erosion" refers to a situation where the value of the underlying assets in the fund decreases significantly over time. StockValueFinder uses an "erosion-risk score" to measure this risk. For CPRA, the erosion score is 100, which is labeled as "No price erosion detected." Additionally, there is no severe erosion-risk flag for this ETF.

Pros

• The ETF has shown positive price returns both year-to-date and over the last year.

• The erosion-risk measurement is rated as "good," suggesting no detected price erosion.

Cons

• The ETF currently provides no distribution yield or cash income for investors.

• Data for three-year returns was not supplied.

Beginner takeaway

CPRA has seen its share price grow over the last year. It is currently showing no signs of price erosion according to the provided risk scores. However, it is important to note that this ETF does not currently pay out distributions to investors. Always remember that past performance does not guarantee what will happen in the future.