CBTY – Calamos Bitcoin 80 Str Alt Prt ETF-July – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to provide investment results that, before taking total fund operating fees and expenses into account, track the positive price return of the CME CF Bitcoin Reference Rate — New York Variant ("BRRNY"). The fund is an actively managed ETF that seeks to provide investment results that, before taking total fund operating fees and expenses into account, track the positive price return of Spot bitcoin up to the Cap over a specified period of time of approximately one (1) year, while seeking to provide protection against decreases in the price of Spot bitcoin exceeding 20% (the "Floor") over the same Outcome Period. The fund is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
CBTY	Calamos Bitcoin 80 Series Structured Alt Protection ETF - July	ETF	Open	—	—	Jul 7, 2025	$5.64M	0.690%	—	—	−$241,007.16

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