CPNM was created on 2025-03-03 by Calamos. The fund's investment portfolio concentrates primarily on downside hedge alternatives. CPNM seeks to track the return of the Invesco QQQ Trust, 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.