2024 was a largely boisterous year for the big names in tech, but 2025 is signaling a different era for the Nasdaq-100®. Suffice it to say that the road has been rockier for tech investments this year due to the multiple headwinds directly or indirectly hitting the sector.
In the months following valuation doubts that arose from DeepSeek’s new AI models, some experts remain wary that the AI market may be cooling down. Meanwhile, the latest tariff threats are fomenting concerns of a potential recession. To top things off, last month’s jobs report posted relatively underwhelming results.
As worries of an economic slowdown take hold, investors are selling their tech exposure in favor of companies that could perform better during a recession.
Even though times may be tricky for tech, investors would do well to stay invested in these companies as tech continues to take on growing significance in all facets of our lives. Should the companies within the Nasdaq-100 start making a comeback, investors who persisted through the drawdown could be in store for great returns.
New Technology Adoption Is Accelerating
Structured Protection ETFs® from Calamos Investments may offer a prudent, risk-managed solution for investors looking to stick with the tech market. These funds provide a one-ticker solution for staying engaged in key equity markets while shielding investments from volatility.
CPNM Blends Tech Upside with Risk Management
Specifically, Calamos Nasdaq-100® Structured Alt Protection ETF® – March (CPNM) offers a defense-focused approach to investing in the tech-heavy Nasdaq-100.
Through the experienced use of an options strategy, CPNM provides potential upside exposure to a cap within the Nasdaq-100. Additionally, one of CPNM’s key benefits is its protection against market risk. Like other Calamos funds in this series, CPNM offers complete downside protection across its one-year outcome period, save for fees and expenses.
Looking ahead and given all the uncertainty, CPNM may well be one of the more opportune methods for building tech exposure at the moment. It offers curated returns from the multiple tech giants within the Nasdaq-100 while protecting investors from the market’s ongoing volatility risks.
With a proven record for managing alternative strategies, Calamos Investments has been regularly releasing new Structured Protection ETFs. To learn more about upcoming Calamos funds, visit www.calamos.com/protection.
For more news, information, and analysis, visit the Alternatives Channel.
Disclosure Information
Before investing carefully consider the fund’s investment objectives, risks, charges and expenses. Please see the prospectus and summary prospectus containing this and other information which can be obtained by calling 1-866-363-9219 Read it carefully before investing.
An investment in the Fund(s) is subject to risks, and you could lose money on your investment in the Fund(s). There can be no assurance that the Fund(s) will achieve its investment objective. Your investment in the Fund(s) is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in the Fund(s) can increase during times of significant market volatility. The Fund(s) also has specific principal risks, which are described below. More detailed information regarding these risks can be found in the Fund’s prospectus.
Investing involves risks. Loss of principal is possible. The Fund(s) face numerous market trading risks, including authorized participation concentration risk, cap change risk, capital protection risk, capped upside risk, cash holdings risk, clearing member default risk, correlation risk, derivatives risk, equity securities risk, investment timing risk, large-capitalization investing risk, liquidity risk, market maker risk, market risk, non-diversification risk, options risk, premium-discount risk, secondary market trading risk, sector risk, tax risk, trading issues risk, underlying ETF risk and valuation risk. For a detailed list of fund risks see the prospectus.
There are no assurances the Fund(s) will be successful in providing the sought-after protection. The outcomes that the Fund(s) seeks to provide may only be realized if you are holding shares on the first day of the outcome period and continue to hold them on the last day of the outcome period, approximately one year. There is no guarantee that the outcomes for an outcome period will be realized or that the Fund(s) will achieve its investment objective. If the outcome period has begun and the underlying ETF has increased in value, any appreciation of the Fund(s) by virtue of increases in the underlying ETF since the commencement of the outcome period will not be protected by the sought-after protection, and an investor could experience losses until the underlying ETF returns to the original price at the commencement of the outcome period. Fund shareholders are subject to an upside return cap (the “Cap”) that represents the maximum percentage return an investor can achieve from an investment in the fund(s) for the outcome period, before fees and expenses. If the outcome period has begun and the Fund(s) have increased in value to a level near to the Cap, an investor purchasing at that price has little or no ability to achieve gains but remains vulnerable to downside risks. Additionally, the Cap may rise or fall from one outcome period to the next. The Cap, and the Fund(s) position relative to it, should be considered before investing in the Fund(s). The Fund(s) website, www.calamos.com, provides important Fund information as well information relating to the potential outcomes of an investment in the Fund(s) on a daily basis.
The Fund(s) are designed to provide point-to-point exposure to the price return of the reference asset via a basket of Flex Options. As a result, the ETFs are not expected to move directly in line with the reference asset during the interim period. Investors purchasing shares after an outcome period has begun may experience very different results than fund’s investment objective. Initial outcome periods are approximately 1-year beginning on the fund’s inception date. Following the initial outcome period, each subsequent outcome period will begin on the first day of the month the fund was incepted. After the conclusion of an outcome period, another will begin.
guaranteed for settlement by the Options Clearing Corporation (OCC). In the unlikely event that the OCC becomes insolvent or is otherwise unable to meet its settlement obligations, the Fund(s) could suffer significant losses. Additionally, FLEX Options may be less liquid than standard options. In a less liquid market for the FLEX Options, the Fund(s) may have difficulty closing out certain FLEX Options positions at desired times and prices. The values of FLEX Options do not increase or decrease at the same rate as the reference asset and may vary due to factors other than the price of reference asset. Shares are bought and sold at market price, not net asset value (NAV), and are not individually redeemable from the fund. NAV represents the value of each share’s portion of the fund’s underlying assets and cash at the end of the trading day. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where fund shares are listed.
100% capital protection is over a one-year period before fees and expenses. All caps are pre-determined.
Cap Rate – Maximum percentage return an investor can achieve from an investment in the Fund if held over the Outcome Period.
Protection Level – Amount of protection the Fund is designed to achieve over the Days Remaining.
Outcome Period – The defined length of time over which the outcomes are sought.
Nasdaq®, Nasdaq-100®, Nasdaq-100 Index® and Nasdaq-100 Top 30 Hybrid Income Index® are registered trademarks of Nasdaq, Inc. (which with its affiliates is referred to as the “Corporations”) and are licensed for use by Calamos Advisors LLC. The Fund has not been passed on by the Corporations as to their legality or suitability. The Fund is not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FUND.
The Invesco QQQ Trust (QQQ) seeks to replicate the holdings and performance, excluding fees and expenses, of the NASDAQ-100 Index. The MerQube US 1Yr Principal Protection Index provides an outcome in which the index provides upside participation in the returns of the QQQ until a “cap” that is at least 1% for every 1 years. In some cases, the protection is lowered from the maximum of 100% to provide a minimum “cap” of 1%.
STRUCTURED ALT PROTECTION ETF and STRUCTURED PROTECTION ETF are trademarks of Calamos Investments LLC.
Calamos Financial Services LLC, Distributor
Calamos Financial Services LLC
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Calamos and Calamos Investments are registered trademarks of Calamos LLC.
NOT FDIC INSURED | MAY LOSE VALUE | NO BANK GUARANTEE
