Understanding the CALAMOS S&P 500 STRUCTURED ALT PROTECTION ETF - MAY (CPSM)

What this ETF is trying to do

The CALAMOS S&P 500 STRUCTURED ALT PROTECTION ETF - MAY (ticker: CPSM) is an exchange-traded fund listed on the NYSE. While specific investment strategies are not detailed in the provided data, this ETF is categorized as a standard asset-type ETF and is not labeled as leveraged, inverse, or crypto-related.

What the numbers show

The current price of CPSM is $29.64. Looking at how the share price has moved, we can see the following performance:

• Year-to-Date (YTD) Price Return: The share price has increased by approximately 3.53% since the start of the year.

• One-Year Price Return: Over the last 12 months, the share price has grown by approximately 4.66%.

Because no distributions were made, the "price return" (the change in share price) and the "total return" (the overall gain including dividends) are the same. For example, the YTD total return is also 3.53%. Data for three-year returns was not supplied.

To give you an idea of the price movement, the estimated price from roughly one year ago was $28.32.

Income and distribution explanation

Based on the data provided, CPSM has not paid out any recent income. The distribution yield is 0%, and there have been no distributions detected in the last 12 months. Because of this, the income rating for this ETF is a "C" with a score of 62.

NAV erosion explanation

"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.

However, we can look at the erosion-risk score, which 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

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

• Stable Risk Profile: The erosion-risk score suggests the price trend has been relatively stable rather than declining sharply.

Cons

• No Income: For investors looking for regular cash payments, this ETF currently provides no distribution yield.

• Limited Data: There is no information available regarding the fund's specific holdings or its three-year performance history.

Beginner takeaway

CPSM is an ETF that has seen modest growth in its share price over the last year. It does not currently pay out dividends or distributions to investors. While the fund shows a stable erosion-risk score, it is important to remember that past price increases do not guarantee future results.