# CPNQ (Calamos Nasdaq-100 ® Structured Alt Protection ETF - December)

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

As of Sep 12, 2026, CPNQ has reached its cap.

## Key facts

- CPNQ, fall before the buffer: 5.0%, as of Sep 12, 2026.
- CPNQ, protection left, index points: 99.5%, as of Sep 12, 2026.
- CPNQ, days to reset: 80, as of Sep 12, 2026.
- CPNQ, net assets: $33m (source, as filed for Apr 30, 2026).
- CPNQ, expense ratio: 0.69% (issuer page, Sep 12, 2026).
- CPNQ, 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 | Dec 1, 2025 to Dec 1, 2026 | ETFIQ |
| Starting cap | +6.7% | ETFIQ |
| QQQ return since period start | +15.8% | ETFIQ |
| Fund return since period start | +4.8% | ETFIQ |
| Net assets | $33m | source, as filed for Apr 30, 2026 |
| Band state today | At cap | ETFIQ |
| Can still gain | not published | issuer, fund price |
| Fall before buffer | 5.0% | issuer, fund price |
| Fall to the buffer in index terms | 14.1% | ETFIQ |
| Protection left in index points | 99.5% of 99.5% | ETFIQ |
| Days left in period | 80 | ETFIQ |
| Expense ratio | 0.69% | issuer page, Sep 12, 2026 |

## Questions

### How much can CPNQ still gain?

Nothing more in index terms on Sep 12, 2026. QQQ has already passed the cap of +6.7% for this period, which runs from Dec 1, 2025 to Dec 1, 2026.

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

5.0% in fund-price terms on Sep 12, 2026, by the issuer's figure. In index terms QQQ can fall 14.1% from that level before the buffer begins. Losses until that point are the holder's.

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

99.5% of the 99.5% 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 CPNQ reset?

The outcome period ends on Dec 1, 2026, 80 days from the data on Sep 12, 2026. A new cap is set the next day and the buffer starts again.

### What does CPNQ cost?

The prospectus expense ratio is 0.69% a year.


## Cite this page

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

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