# CPNJ (Calamos Nasdaq-100 ® Structured Alt Protection ETF - June)

Calamos · Buffer ETFs · data as of Sep 12, 2026

As of Sep 12, 2026, QQQ is down 3.8% and CPNJ's protection has held the loss to 0.1%.

## Key facts

- CPNJ, fall before the buffer: 0.0%, as of Sep 12, 2026.
- CPNJ, protection left, index points: 96.3%, as of Sep 12, 2026.
- CPNJ, days to reset: 259, as of Sep 12, 2026.
- CPNJ, net assets: $26m (source, as filed for Apr 30, 2026).
- CPNJ, expense ratio: 0.69% (issuer page, Sep 12, 2026).
- CPNJ, reference index: QQQ, as of Sep 12, 2026.

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Reference index | QQQ | ETFIQ |
| Buffer | 0% to 100% | ETFIQ |
| Outcome period | Jun 1, 2026 to May 29, 2027 | ETFIQ |
| Starting cap | +7.8% | ETFIQ |
| QQQ return since period start | −3.8% | ETFIQ |
| Fund return since period start | −0.2% | ETFIQ |
| Net assets | $26m | source, as filed for Apr 30, 2026 |
| Band state today | Buffer working | ETFIQ |
| Can still gain | not published | issuer, fund price |
| Fall before buffer | 0.0% | issuer, fund price |
| Fall to the buffer in index terms | 0.0% | ETFIQ |
| Protection left in index points | 96.3% of 99.9% | ETFIQ |
| Days left in period | 259 | ETFIQ |
| Expense ratio | 0.69% | issuer page, Sep 12, 2026 |

## Questions

### How far can CPNJ fall before the buffer helps?

0.0% in fund-price terms on Sep 12, 2026, by the issuer's figure. In index terms QQQ can fall 0.0% from that level before the buffer begins. Losses until that point are the holder's.

### How much of the CPNJ buffer is left?

96.3% of the 99.9% buffer sat below the QQQ level on Sep 12, 2026. That is an ETFIQ calculation in index points, on one definition for every issuer.

### When does CPNJ reset?

The outcome period ends on May 29, 2027, 259 days from the data on Sep 12, 2026. A new cap is set the next day and the buffer starts again.

### What does CPNJ cost?

The prospectus expense ratio is 0.69% a year.


## Cite this page

ETFIQ, CPNJ, data as of Sep 12, 2026. https://etfiq.com/funds/CPNJ
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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