{
 "ticker": "CPSU",
 "name": "Calamos S&P 500 \u00ae Structured Alt Protection ETF - June",
 "issuer": "Calamos",
 "desk": "buffer",
 "url": "https://etfiq.com/funds/CPSU",
 "html": "https://etfiq.com/funds/CPSU",
 "markdown": "https://etfiq.com/funds/CPSU.md",
 "as_of": "2026-09-12",
 "verdict": "As of Sep 12, 2026, CPSU sits between its buffer and its cap, with SPY up 0.8% since the period began.",
 "key_facts": [
  {
   "key": "fall_before_the_buffer",
   "label": "Fall before the buffer",
   "value": "0.9%",
   "source": null,
   "as_of": "2026-09-12",
   "sentence": "CPSU, fall before the buffer: 0.9%, as of Sep 12, 2026."
  },
  {
   "key": "protection_left_index_points",
   "label": "Protection left, index points",
   "value": "99.9%",
   "source": null,
   "as_of": "2026-09-12",
   "sentence": "CPSU, protection left, index points: 99.9%, as of Sep 12, 2026."
  },
  {
   "key": "days_to_reset",
   "label": "Days to reset",
   "value": "259",
   "source": null,
   "as_of": "2026-09-12",
   "sentence": "CPSU, days to reset: 259, as of Sep 12, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$13m",
   "source": "source, as filed for Apr 30, 2026",
   "as_of": "2026-09-12",
   "sentence": "CPSU, net assets: $13m (source, as filed for Apr 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.69%",
   "source": "issuer page, Sep 12, 2026",
   "as_of": "2026-09-12",
   "sentence": "CPSU, expense ratio: 0.69% (issuer page, Sep 12, 2026)."
  },
  {
   "key": "reference_index",
   "label": "Reference index",
   "value": "SPY",
   "source": null,
   "as_of": "2026-09-12",
   "sentence": "CPSU, reference index: SPY, as of Sep 12, 2026."
  }
 ],
 "fields": [
  {
   "key": "reference_index",
   "label": "Reference index",
   "value": "SPY",
   "source": null
  },
  {
   "key": "buffer",
   "label": "Buffer",
   "value": "0% to 100%",
   "source": null
  },
  {
   "key": "outcome_period",
   "label": "Outcome period",
   "value": "Jun 1, 2026 to May 29, 2027",
   "source": null
  },
  {
   "key": "starting_cap",
   "label": "Starting cap",
   "value": "+7.1%",
   "source": null
  },
  {
   "key": "spy_return_since_period_start",
   "label": "SPY return since period start",
   "value": "+0.8%",
   "source": null
  },
  {
   "key": "fund_return_since_period_start",
   "label": "Fund return since period start",
   "value": "+0.8%",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$13m",
   "source": "source, as filed for Apr 30, 2026"
  },
  {
   "key": "band_state_today",
   "label": "Band state today",
   "value": "Open",
   "source": "ETFIQ"
  },
  {
   "key": "can_still_gain",
   "label": "Can still gain",
   "value": "not published",
   "source": "issuer, fund price"
  },
  {
   "key": "fall_before_buffer",
   "label": "Fall before buffer",
   "value": "0.9%",
   "source": "issuer, fund price"
  },
  {
   "key": "fall_to_the_buffer_in_index_terms",
   "label": "Fall to the buffer in index terms",
   "value": "0.9%",
   "source": "ETFIQ"
  },
  {
   "key": "protection_left_in_index_points",
   "label": "Protection left in index points",
   "value": "99.9% of 99.9%",
   "source": "ETFIQ"
  },
  {
   "key": "days_left_in_period",
   "label": "Days left in period",
   "value": "259",
   "source": null
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.69%",
   "source": "issuer page, Sep 12, 2026"
  }
 ],
 "periods": [],
 "questions": [
  {
   "q": "How far can CPSU fall before the buffer helps?",
   "a": "0.9% in fund-price terms on Sep 12, 2026, by the issuer's figure. In index terms SPY can fall 0.9% from that level before the buffer begins. Losses until that point are the holder's."
  },
  {
   "q": "How much of the CPSU buffer is left?",
   "a": "99.9% of the 99.9% buffer sat below the SPY level on Sep 12, 2026. That is an ETFIQ calculation in index points, on one definition for every issuer."
  },
  {
   "q": "When does CPSU reset?",
   "a": "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."
  },
  {
   "q": "What does CPSU cost?",
   "a": "The prospectus expense ratio is 0.69% a year."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}