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CPRJ ETF — Calamos Russell 2000 Structured Alt Protection ETF - July
Calamos Russell 2000 Structured Alt Protection ETF - July (CPRJ)
Updated October 16, 2026.
CPRJ is an ETF. its expense ratio is 0.69%. Total return is 12.0% over the past 2.3 years, 31.6 points behind SPY at 43.6%.
Calamos Russell 2000 Structured Alt Protection ETF - July is an ETF that invests substantially all of its assets in flexible exchange options referencing the iShares Russell 2000 ETF, designed to provide structured exposure to small-cap equities with defined risk parameters. The fund does not currently distribute income, with an expense ratio of 0.69%. This ETF may appeal to investors seeking small-cap market exposure through an options-based strategy rather than traditional dividend income.
CPRJ holdings and sector exposure
Holdings are not available for this snapshot.
CPRJ performance versus SPY
Price and return data through 2026-10-16.
Total return is 12.0% over the past 2.3 years, 31.6 points behind SPY at 43.6%. Over the past year its total return — price change plus distributions reinvested — is 2.8%. Its deepest 1-year drawdown was 2.4%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | -0.7% | — |
| 3M | -1.5% | — |
| 6M | -0.2% | — |
| YTD | 1.8% | — |
| 1Y | 2.8% | — |
| 2Y CAGR | — | 3.60% |
| Since inception (2.3 years) | 12.0% | 5.10% |
CPRJ key facts
- Issuer
- Calamos Investments
- Asset type
- ETF
- Asset class
- Fixed Income
- Inception date
- 07/01/2024
- Expense ratio
- 0.69%
- Distribution frequency
- None
- Last close
- $27.25 (as of 2026-10-16)
- AUM
- $41,614,094
- Average volume
- 41449.0
- Beta
- 0.1322
How Dividend Vision calculates yield and returns
Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: Calamos Investments; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
CPRJ risks and drawbacks
Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 2.4%.
Who may consider CPRJ — and who may not
It is a weaker fit for investors who need monthly cash flow (CPRJ does not currently distribute); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.
More on CPRJ
Frequently asked questions
Does CPRJ pay monthly?
No. CPRJ does not currently distribute.
What is CPRJ's expense ratio?
CPRJ's expense ratio is 0.69%.
When does CPRJ pay a dividend?
CPRJ does not currently distribute.
How has CPRJ performed?
Total return is 12.0% over the past 2.3 years, 31.6 points behind SPY at 43.6%. Over the past year its total return — price change plus distributions reinvested — is 2.8%. Its deepest 1-year drawdown was 2.4%.
More securities from Calamos Investments.
Tickers
Holdings as-of date unavailable.
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