First Calamos Autocallable ETF Celebrates 1-Year Anniversary
It’s no understatement to say that the Calamos Autocallable Income ETF (CAIE) has gone on quite a journey in the year that it’s been on the market. First launched on June 25, 2025, CAIE has now celebrated its first birthday.
Within merely a singular year of trading, CAIE has racked up quite the list of accomplishments. To start, the fund has attracted a sizable asset base, with its AUM recently topping the highly-coveted $1 billion threshold. The chart below from Calamos Investments uses Morningstar data to illuminate the rapid pace in which CAIE reached $1 billion from its initial launch.
Source: Calamos Investments, Morningstar. As of 6/18/2026.
See More: Calamos Flagship Autocallable ETF Passes $1 Billion in AUM
Dynamic asset numbers aren’t the only accomplishment that CAIE has gotten under its belt during year one. CAIE and Calamos Investments have won awards at three different awards ceremonies: 2026 Mutual Fund & ETF Awards from With Intelligence, the 2025 SRP Americas Awards, and at SPI’s “Awards for Excellence” 2025.
See More: Calamos Showcases Autocallable Interest With Latest ETF Award
How CAIE Gained Momentum Through Autocallable Income
By looking under the hood and evaluating CAIE’s investment approach, advisors and investors can better understand how the fund accomplished so much in such a short span of time. To start, CAIE offers exposure to autocallable yield notes through a laddered framework. Autocallable notes are securities that generate regular income, along with eventual principal, as long as their index does not drop below a preset barrier level.
For instance, in CAIE’s case, the autocallables it remains exposed to have barrier levels of -40%. What this means is that as long as the autocallable index does not fall below -40%, CAIE’s investors can access monthly income along with annual principal.
See More: The Autocallable Advantage: Outpace Bonds With Total Return
These autocallables use the MerQube US Large-Cap Vol Advantage Index as its chosen index. This index was designed for autocallables, and offers S&P 500 exposure with a volatility target of 35%.
In terms of benefits worth considering, the laddered portfolio in and of itself is worth highlighting. Laddering autocallables reduces tail risk, mitigates the hazards of reinvesting assets, and can offer a more consistent income profile.
This approach has given CAIE impressive results over the span of its first year on the market. As of May 31, 2026, CAIE is offering an annualized total return of 25.52% since the fund’s inception.
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Before investing, carefully consider the Fund’s investment objectives, risks, charges and expenses. Please see the prospectus and summary prospectus containing this and other information which can be obtained by calling 1-866-363-9219. Read it carefully before investing.
An investment in the Fund is subject to risks, and you could lose money on your investment in the Fund. There can be no assurance that the Fund will achieve its investment objective. Your investment in the Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in the Fund can increase during times of significant market volatility. The Fund also has specific principal risks, which are described below. More detailed information regarding these risks can be found in the Fund’s prospectus.
Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be lower or higher than the performance quoted. The principal value of an investment will fluctuate so that your shares, when sold, may be worth more or less than their original cost. Returns at NAV reflect the deduction of the Fund’s management fee and other expenses. You can purchase or sell common shares daily. Like any other stock, market price will fluctuate with the market. Upon sale, your shares may have a market price that is above or below net asset value and may be worth more or less than your original investment.
The principal risks of investing in the Calamos Autocallable Income ETF include: autocallable structure risk, contingent income risk, early redemption risk, barrier risk, authorized participant concentration risk, calculation methodology risk, cash holdings risk, correlation risk, costs of buying and selling fund shares, counterparty risk, credit risk, derivatives risk, equity securities risk, index risk, interest rate risk, investment in a subsidiary, laddered portfolio risk, liquidity risk, market maker risk, market risk, new fund risk, non-diversification risk, premium-discount risk, secondary market trading risk, swap agreement risk, tax risk, trading issues risk, valuation risk, and volatility target index risk.
Contingent Income Risk: Coupon payments from the Autocalls are not guaranteed and will not be made if the Underlying Index falls below the Coupon Barrier on observation dates. This means the Fund may generate significantly less income than anticipated during market downturns.
Early Redemption Risk: Autocalls in the Portfolio may be called before their scheduled maturity if the Underlying Reference Index reaches or exceeds the Autocall Barrier on observation dates. This automatic early redemption could force reinvestment of that portion of the portfolio at lower rates if market yields have declined.
Barrier Risk: If the Underlying Reference Index falls below the Protection Level Barrier at the maturity of an Autocall in the Portfolio, that portion of the Portfolio will be fully exposed to the negative performance of the Underlying Reference Index from its initial level. This conditional protection creates a binary outcome that can result in sudden, significant losses if barriers are breached.
Structured Products Intelligence “Deal of the Year” award ction methodology is as follows: The jury recognized the Calamos Autocallable Income ETF (CAIE) as Deal of the Year for its innovative approach to income generation and risk management. By combining autocallable yield notes with the accessibility of an ETF, Calamos created a product that offers high monthly income, structured downside protection, and enhanced diversification. The jury highlighted Calamos role in bringing institutional-style strategies to a wider investor base, marking a significant advancement in the evolution of structured income investing.
SRP Americas Awards Methodology: SRP typically conducts a comprehensive market survey involving institutions active in the structured products space. Industry professionals-including issuers, distributors, and service providers-are invited to vote on various award categories. For the “Most Innovative Product” award, the evaluation likely focuses on: product design originality, client-centric innovation, market impact and adoption, risk-return profile enhancements and integration of new technologies or strategies. Finalists are often reviewed by a panel of SRP editors and industry experts who assess the submissions based on qualitative and quantitative factors.
With Intelligence Award Methodology: The With Intelligence Mutual Fund & ETF Awards, now operating under S&P Global, are determined through a two-stage process, beginning with editorial review and shortlist selection, followed by evaluation from an independent judging panel. of senior asset management and ETF industry executives.
Neither MerQube, Inc. nor any of its affiliates (collectively, “MerQube”) is the issuer or producer of Calamos Autocallable Income ETF (“CAIE”) and MerQube has no duties, responsibilities, or obligations to investors in CAIE. The index underlying CAIE is a product of MerQube and has been licensed for use by Calamos Advisors LLC. Such index is calculated using, among other things, market data or other information (“Input Data”) from one or more sources (each such source, a “Data Provider”). MerQube® is a registered trademark of MerQube, Inc. This trademark has been licensed for certain purposes by Calamos Advisors LLC in its capacity as the issuer of CAIE. CAIE is not sponsored, endorsed, sold or promoted by MerQube, any Data Provider, or any other third party, and none of such parties make any representation regarding the advisability of investing in securities generally or in CAIE particularly, nor do they have any liability for any errors, omissions, or interruptions of the Input Data, MerQube US Large-Cap Vol Advantage Index (“MQUSLVA”), MerQube US Large-Cap Vol Advantage Autocallable Index (“MQAUTOCL”), or any associated data.
