What this ETF is trying to do

CPSF, which is the ticker symbol for the CALAMOS S&P 500 STRUCTURED ALT PROTECTION ETF – FEBRUARY, is an exchange-traded fund (ETF) traded on the NYSE. The provided data does not explain the specific strategy the fund uses to manage its investments.

What the numbers show

As of October 5, 2026, the current price for one share of this ETF is $26.65. Based on the data, the estimated price from roughly one year ago was approximately $25.19.

The fund has seen growth in its share price recently:

• One-year price return: Approximately 5.80%.

• Year-to-date (YTD) price return: Approximately 4.14%.

Because this ETF did not pay out any cash distributions, the "total return" is the same as the "price return." The total return measures both the change in share price and any cash paid to investors. In this case, the one-year total return was approximately 5.80%, and the YTD total return was approximately 4.14%.

If you had invested $10,000 into the share price alone roughly one year ago, that investment would have grown based on the 5.80% price return.

Income and distribution explanation

Some investors buy ETFs to receive regular cash payments, known as distributions. For CPSF, the distribution yield is 0%. The data shows no distributions were detected over the last 12 months. This means the fund did not provide any cash income to shareholders during this period.

NAV erosion explanation

"NAV erosion" is a term used when the value of the underlying assets in an ETF drops significantly. Investors often watch for this because it can affect the long-term value of their investment.

StockValueFinder uses an "erosion-risk score" to measure this. For this ETF, the erosion score is 100, and the label states "No price erosion detected." The severity is rated as "good," and there is no severe erosion-risk flag.

Pros

• The share price has increased over the last year.

• The fund shows no signs of price erosion according to the current erosion-risk score.

Cons

• The ETF does not currently provide cash income through distributions.

• There is no data available regarding three-year returns.

• No specific top holdings were listed in the supplied data.

Beginner takeaway

If you are looking for an ETF that pays regular cash, this fund did not do that recently. However, the share price itself has grown over the past year, and there are no signs of the price erosion risks that some other funds might face.