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About Calamos Autocallable Income ETF
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Inception date
Jun 25, 2025
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Calamos Advisors LLC
Distributor
Calamos Financial Services LLC
ISIN
US12811T5719
CAIE is a complex alternative investment. Investors need to dig into the details to understand aspects such as observation periods, performance caps, limitations to the downside, and counterparty risk. CAIE is a non-diversified, actively managed ETF investing in total return swaps based on Autocallable Index exposure, yet not replicating or tracking it. The fund aims to make monthly distributions tied to the performance of the MerQube US Large Cap Vol Advantage Index. An index that is designed to reflect the performance of a theoretical portfolio of 50-260 synthetic autocallables arranged in a ladder structure with staggered entry points. If on a specified monthly observation date, the index has reached or exceeded a certain level the note is called, and the distribution may not be paid. If the index has fallen below a preset limit, investors are exposed to further losses on a 1:1 basis. The active management aims to diversify the exposure, minimize timing risks, counterparty exposure and creditworthiness. The fund invests in US Treasury securities, cash, equivalents, and derivatives, using a Cayman Islands Subsidiary for tax purposes.
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Classification
What's in the fund
Exposure type
Government
Stock breakdown by region
Top 10 holdings
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
CAIE assets under management is 212.47 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
CAIE invests in bonds. See more details in our Analysis section.
CAIE expense ratio is 0.74%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, CAIE isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, CAIE pays dividends to its holders with the dividend yield of 15.12%.
CAIE shares are issued by Calamos Family Partners, Inc.
CAIE follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jun 25, 2025.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.