---
ticker: "CPRJ"
name: "Calamos Russell 2000 Structured Alt Protection ETF – July"
url: "https://etf.net/etf/CPRJ"
grade: "A"
score: 70
graded_at: "2026-10-12"
category: "Other Floor Protected"
category_rank: "5 of 24"
methodology: "https://etf.net/methodology"
---

# CPRJ: Calamos Russell 2000 Structured Alt Protection ETF – July

Grade **A**, Score 70 of 100. Rank 5 of 24 in Other Floor Protected.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 78 | 2 of 24 |
| Mission | Not scored | — |
| Risk | 69 | 9 of 24 |
| Tradability | 55 | 11 of 24 |
| Holdings | Not scored | — |
| Durability | 74 | 3 of 24 |

## Top holdings

The fund holds 3 positions. These are the largest 3, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | iShares Russell 2000 ETF (IWM) Long Call Option | 92.28% |
| 2 | — | iShares Russell 2000 ETF (IWM) Long Put Option | 8.77% |
| 3 | — | Us Dollar | 0.60% |

Source: etf.net, https://etf.net/etf/CPRJ. Please cite the page URL.