Calamos Autocallable Income ETF hits $1B AUM

Calamos Advisors’ Autocallable Income ETF (CAIE) surpassed $1 billion in assets under management on June 16, 2026. The fund launched on June 25, 2025 and trades as a publicly listed vehicle that provides exposure to market-linked autocallable yield notes.

CAIE’s holdings are built around autocallable notes referenced to the MerQube US Large-Cap Vol Advantage Index. That index provides S&P 500 exposure using E‑Mini S&P 500 futures contracts. Each autocallable in the fund’s lineup has a protection barrier set at minus 40 percent, so coupon payments and principal outcomes depend on whether the index remains above that level on observation and maturity dates.

The fund maintains a laddered portfolio by buying multiple autocallables with staggered terms rather than a single note. The laddered structure spreads exposure across different maturities and observation dates and is designed to smooth income timing and limit concentration in any one maturity. The weighted average coupon for the index’s autocallables was 13.98% as of May 29, 2026.

Since its debut, CAIE has received industry recognition in structured-product and ETF award programs.

Investors should consider several risks associated with the fund. Autocallable structure risk means coupon payments are contingent and may not be made if the underlying index falls below coupon observation thresholds. Early redemption risk exists because notes can be called before maturity if performance conditions are met, which can require reinvestment at lower yields. Barrier risk means a portion of principal can be exposed to losses if the reference index falls below the protection level at maturity. Additional risks include counterparty and credit exposure, liquidity and secondary-market trading risks, market volatility, and the potential for shares to trade at a premium or discount to net asset value. The fund is not a bank deposit and is not insured by the FDIC.

MerQube is the index provider and is not the issuer or sponsor of CAIE. Investors cannot invest directly in an index, and past performance is not a guarantee of future results. Prospective investors should read the fund prospectus for a full description of objectives, fees and risks before investing.