American Customer Satisfaction ETF Price & Performance (ACSI)

Optimism is rising among asset managers as several major firms, including Pimco and T. Rowe Price, have updated their applications for funds combining ETF and mutual fund share classes. These moves signal constructive dialogue with the SEC, which could soon approve this innovative, tax-efficient fund structure, potentially reshaping the ETF landscape.1

Calamos Investments has announced that its S&P 500 Structured Alt Protection ETF (CPSM) will reset on May 1, offering an estimated upside cap between 6.88% and 7.45% with full downside protection for the next year. The ETF suite aims to provide tax efficiency and risk management for investors seeking stable returns amid market uncertainty.2

The SEC has granted a six-month extension for compliance with amendments to the 'Names Rule,' giving larger fund groups until June 2026 and smaller ones until December 2026. The agency also clarified that terms like 'tax-sensitive' and 'tax-efficient' describe fund strategies, not specific investments, in its updated 2025 FAQ.3