Calamos Autocallable Income ETF (CAIE) Delivers Strong First Distribution Following Successful Launch

Core Insights - The Calamos Autocallable Income ETF (Ticker: CAIE) has announced its first distribution of 17.48% annualized, achieving its goal of providing high, stable monthly income since its launch on June 25, 2025 [1][5] - The fund aims to democratize access to institutional-quality autocallable strategies, which constitute nearly 70% of all structured note sales, by offering them in a liquid and transparent ETF format [2][5] Distribution Details - The inaugural distribution amount is $0.38592 per share, with the ex-dividend date on August 1, 2025, marking the start of a regular monthly distribution schedule [4][5] - Future distribution dates are set for August 29, September 30, October 31, and December 22, 2025, with amounts to be determined for subsequent distributions [4] Fund Strategy and Management - The fund's strategy involves a laddered portfolio of over 52 autocallables, staggered weekly, which provides transparency, daily liquidity, and tax-efficient distributions [2][4] - J.P. Morgan serves as the primary swap counterparty, while MerQube Indices provides the underlying autocallable index methodology [3][4] Market Position and Performance - The strong initial performance of CAIE validates the approach of bringing sophisticated autocallable strategies to the ETF market, previously accessible only to ultra-high-net-worth investors and institutions [5] - The fund's expense ratio is set at 0.74%, and it is listed on the NYSE Arca [4]