CPRO was created on 2024-10-01 by Calamos. The fund's investment portfolio concentrates primarily on downside hedge alternatives. CPRO seeks to track the return of the iShares Russell 2000 ETF (IWM), 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.