Core Insights - The autocallable income ETFs, particularly the Calamos Autocallable Income ETF (CAIE) and Calamos Nasdaq Autocallable Income ETF (CAIQ), have shown significant success in 2025, raising investor interest for 2026 [1] - These funds utilize autocallable yield notes to provide regular income, long-term principal, and potential risk management [1] Fund Performance - As of January 8, 2026, CAIE has approximately $545 million in net assets, while CAIQ is nearing $60 million [1] - CAIQ's MerQube index has a weighted average coupon of 17.89%, and CAIE's MerQube index has a weighted average coupon of 14.23% [1] Investment Strategy - The autocallable structure is linked to market indices, allowing for income generation as long as the index remains above a predetermined barrier level [1] - Calamos Investments employs a laddered approach, investing in a selection of swap agreements that provide exposure to 52 or more autocallable notes, which helps in managing risk and smoothing income [1] Market Outlook - Despite potential macroeconomic uncertainties affecting indices like the S&P 500 and Nasdaq-100, CAIE and CAIQ are positioned to meet their investment objectives if their indices stay above the barrier levels [1] - Advisors and investors are encouraged to consider autocallable income funds for a more predictable income path in their portfolios [1]