# CPSL (Calamos Laddered S&P 500 Structured Alt Protection ETF)

Calamos · Buffer ETFs · data as of Oct 9, 2026

As of Oct 9, 2026, CPSL's 12 sleeves publish no remaining cap and can fall 3.0% before their buffers.

## Key facts

- CPSL, fall before the buffers, weighted: 3.0%, as of Oct 9, 2026.
- CPSL, protection left, weighted, index points: 100.0%, as of Oct 9, 2026.
- CPSL, days to the next reset: 21, as of Oct 9, 2026.
- CPSL, net assets: $126m on Jul 31, 2026 (N-PORT).
- CPSL, expense ratio: 0.79% (485BPOS XBRL, Nov 21, 2025).
- CPSL, reference index: SPY, as of Oct 9, 2026.

## CPSL over each window to Oct 9, 2026

| Window | Total return | SPY price return | Gap to SPY |
| --- | --- | --- | --- |
| 3 months | +1.4% | +3.1% | −1.8 pts |
| 6 months | +3.5% | +14.6% | −11.1 pts |
| 1 year | +5.8% | +16.0% | −10.2 pts |
| Since launch | +13.9% | +42.5% | −28.6 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Kind | Laddered buffer ETF: a fund of 12 buffer ETFs | ETFIQ |
| Reference index | SPY | ETFIQ |
| Sleeves | CPSN, CPSD, CPSY, CPSF, CPSR, CPSP, CPSM, CPSU, CPSJ, CPSA, CPST, CPSO | ETFIQ |
| Sleeve outcome periods | about 12 months each, ending on 12 different dates | ETFIQ |
| Weights | its report for Jul 31, 2026 | N-PORT |
| Share of net assets in the sleeves ETFIQ reads | 99.91% | ETFIQ |
| Can still gain, weighted | not read by ETFIQ | ETFIQ |
| Fall before the buffers, weighted | 3.0% | ETFIQ |
| Protection left, weighted, index points | 100.0% | ETFIQ |
| Next sleeve to reset | CPSN on Oct 30, 2026, in 21 days | ETFIQ |
| Days left, weighted | 188 | ETFIQ |
| Net assets | $126m on Jul 31, 2026 | N-PORT |
| Expense ratio | 0.79% | 485BPOS XBRL, Nov 21, 2025 |
| Sleeve CPSN, 8.33% of net assets | SPY, period ends Oct 30, 2026, can still gain not read by ETFIQ, fall before buffer 6.1% | ETFIQ |
| Sleeve CPSD, 8.33% of net assets | SPY, period ends Nov 30, 2026, can still gain not read by ETFIQ, fall before buffer 5.4% | ETFIQ |
| Sleeve CPSY, 8.33% of net assets | SPY, period ends Dec 31, 2026, can still gain not read by ETFIQ, fall before buffer 4.7% | ETFIQ |
| Sleeve CPSF, 8.32% of net assets | SPY, period ends Jan 29, 2027, can still gain not read by ETFIQ, fall before buffer 4.1% | ETFIQ |
| Sleeve CPSR, 8.33% of net assets | SPY, period ends Feb 26, 2027, can still gain not read by ETFIQ, fall before buffer 3.5% | ETFIQ |
| Sleeve CPSP, 8.32% of net assets | SPY, period ends Mar 31, 2027, can still gain not read by ETFIQ, fall before buffer 3.8% | ETFIQ |
| Sleeve CPSM, 8.31% of net assets | SPY, period ends Apr 30, 2027, can still gain not read by ETFIQ, fall before buffer 2.4% | ETFIQ |
| Sleeve CPSU, 8.29% of net assets | SPY, period ends May 28, 2027, can still gain not read by ETFIQ, fall before buffer 1.6% | ETFIQ |
| Sleeve CPSJ, 8.33% of net assets | SPY, period ends Jun 30, 2027, can still gain not read by ETFIQ, fall before buffer 1.6% | ETFIQ |
| Sleeve CPSA, 8.34% of net assets | SPY, period ends Jul 30, 2027, can still gain not read by ETFIQ, fall before buffer 1.3% | ETFIQ |
| Sleeve CPST, 8.34% of net assets | SPY, period ends Aug 31, 2027, can still gain not read by ETFIQ, fall before buffer 0.6% | ETFIQ |
| Sleeve CPSO, 8.34% of net assets | SPY, period ends Sep 30, 2027, can still gain not read by ETFIQ, fall before buffer 0.7% | ETFIQ |

## Questions

### What does CPSL hold?

CPSL holds 12 buffer ETFs: CPSN, CPSD, CPSY, CPSF, CPSR, CPSP, CPSM, CPSU, CPSJ, CPSA, CPST, CPSO. Its N-PORT for Jul 31, 2026 puts 99.9% of its net assets in them.

### How much can CPSL still gain?

CPSL's sleeves publish no remaining cap as of Oct 9, 2026, so ETFIQ prints no weighted cap.

### When does CPSL reset?

CPSL itself does not reset. Each sleeve resets on its own date; the next is CPSN on Oct 30, 2026, in 21 days.


## Cite this page

ETFIQ, CPSL, buffer ETFs, data as of Oct 9, 2026. https://etfiq.com/funds/cpsl
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at https://etfiq.com/data/.

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