First Calamos Autocallable ETF Passes Half Billion in AUM

Core Viewpoint - The Calamos Autocallable Income ETF (CAIE), launched on June 25, 2025, has achieved significant milestones in its early trading period, particularly in asset management and income generation [1][2]. Group 1: Fund Performance and Strategy - As of December 29, 2025, CAIE has approximately $511.5 million in assets under management, indicating strong market demand and appeal for the fund within just over six months of its launch [2]. - CAIE aims to provide robust monthly income and potential long-term capital appreciation through a laddered portfolio of autocallable yield notes [3]. - The fund's investment strategy utilizes autocallable yield notes linked to the MerQube US Large-Cap Vol. Advantage Index, which offers exposure to the S&P 500 with a volatility target of 35% [4]. Group 2: Autocallable Notes Features - Autocallables provide income based on the performance of a chosen index, with CAIE's notes featuring a barrier level of -40%. If the index does not fall below this threshold, monthly income is generated [5]. - The structure of autocallables allows for regular income even during periods of underperformance in the S&P 500, making CAIE attractive to certain investors [6]. - As of November 30, 2025, CAIE has achieved a distribution rate of 14.32%, showcasing compelling income results for investors [6].