Calamos Autocallable ETF Wins Award for Innovation

Core Insights - The Calamos Autocallable Income ETF (CAIE) won the "Most Innovative Product" award at the 2025 SRP Americas Awards, marking the first time an ETF and asset manager received this recognition [1][7] - CAIE has achieved over $250 million in assets under management (AUM) within three months of its market launch, indicating strong investor interest [2] - The fund aims to generate monthly income through a portfolio of autocallable yield notes, which can provide returns even in declining equity markets [3][4] Fund Structure and Strategy - CAIE's portfolio consists of over 52 autocallables linked to the MerQube US Large-Cap Vol. Advantage Index, with a barrier level of -40% for monthly coupon payments [4] - The laddered structure of CAIE allows for diverse time horizons, potentially offering a smoother income path compared to individual autocallables [5] - As of September 18, 2025, CAIE has a weighted average coupon of 14.5%, enhancing its appeal as both an equity alternative and an income-generating investment [6] Industry Impact - The collaboration between Calamos and MerQube represents a significant advancement in ETF product innovation, with expectations that CAIE will set a standard for delivering autocallables in the marketplace [7] - The award reflects a shift in recognition towards innovative ETF products, traditionally dominated by structured products and banks [1][11]