ETF Education Report: CPRJ

What this ETF is trying to do

The Calamos Russell 2000 Structured Alt Protection ETF July (ticker: CPRJ) is an exchange-traded fund listed on the NYSE. While the specific investment strategy details are not provided in this data, it is categorized as a standard ETF rather than a leveraged or inverse fund.

What the numbers show

The current price of CPRJ is $27.46. To understand how the share price has moved, we can look at the following measurements:

• Year-to-Date (YTD) Price Return: The share price has increased by approximately 2.56% since the start of the year.

• One-Year Price Return: Over the last year, the share price has increased by approximately 3.64%.

Because total return data was supplied for these periods, we can see that the YTD total return is 2.56% and the one-year total return is 3.64%. In this specific case, the price return and the total return are the same.

We can also look at an estimated starting point. Based on reconstructed data, the price was approximately $26.50 roughly one year ago.

Income and distribution explanation

Some investors look at ETFs to receive regular cash payments, known as distributions. For CPRJ, the distribution yield is 0%. The data shows no distributions were detected over the last 12 months. Because there are no payouts, this ETF is not currently providing cash income to investors.

NAV erosion explanation

"NAV erosion" refers to a situation where the value of the underlying assets in the fund decreases over time. Investors often watch this to see if their principal (the original money they put in) is being protected.

For CPRJ, the erosion-risk score is 94. This is labeled as "Stable / sideways," and the erosion severity is described as "good." 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 score suggests a stable price trend rather than significant deterioration.

Cons

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

• There is no data available regarding the fund's top holdings or specific portfolio exposure.

Beginner takeaway

CPRJ has seen its share price grow slightly over the last year. It currently shows a stable erosion-risk score, meaning it is not showing signs of significant price instability according to the provided measurements. However, it does not currently pay out any cash distributions to investors.