CPNJ was created on 2024-06-03 by Calamos. The fund's investment portfolio concentrates primarily on downside hedge alternatives. CPNJ seeks to track the return of the Invesco QQQ TrustSM, Series 1 (QQQ), to a cap, with 100% downside hedge over a one year outcome period. The actively managed fund holds FLEX options to obtain exposure. The fund aims to outperform cash holdings.