Autocallable ETFs

The Autocallable Revolution Begins Here

Calamos pioneered the Autocallable ETF — bringing a proven framework for generating high, stable income to ETF investors for the first time. Today, we've expanded the Autocallable category to growth, allowing investors to seek amplified growth over time.

Two distinct objectives: high, stable income through CAIE or CAIQ, or amplified long-term growth through CAGE, all via one tax-efficient autocallable framework.

Autocallable Growth (with memory). Now in an ETF for the First Time.

Today, Calamos has expanded the autocallable framework... to growth. CAGE is the world's first autocallable growth ETF, purpose-built for amplified long-term wealth accumulation. For those familiar with structured products, growth notes with memory are now available in ETF form. And for everyone else — we find that CAGE is a remarkable way to potentially compound wealth over time, with a unique feature that stores coupons in down markets, and pays them all at once when markets recover. No income distributions. Just growth — with the potential to compound significantly faster than the S&P 500 over time.

Calamos Autocallable Growth ETF (CAGE) features:

• Underlying index exhibits superior long-term growth potential designed to seek compounding returns over full market cycles greater than the S&P 500: 23.8%¹ annualized return of the underlying index over a ten-year period.
• Coupon memory feature, allowing missed coupons to accrue and be paid if markets recover
• Defined downside thresholds, with 50% principal barriers on individual positions³
• Tax‑efficient compounding, as coupons accrue and compound within the fund rather than being distributed

Autocallable growth outperformed equity over the trailing 10Y period

A New Way to Access Autocallable Income

CAIE and CAIQ are the world's first Autocallable income ETFs — bringing an institutional derivative income strategy into a daily-liquid, fully-transparent ETF wrapper for the first time. Designed for investors seeking high, stable, and tax-efficient monthly income.

Calamos Autocallable Income ETFs (CAIE & CAIQ) features:

• Seeks to generate high, stable monthly income potential – coupons typically higher than bonds, tied to equity market performance
• Tax-advantaged income – aims for more favorable tax treatment on distributions versus ordinary income
• Defined downside thresholds via barriers – each underlying autocallable uses uniform coupon and maturity barriers
• Laddered exposure – 52+ autocallables seek consistent income and reduced timing risk versus owning individual notes

Autocallable income outyields traditional yield products

Source: Bloomberg and Morningstar Direct data as of 2/28/2026. MerQube data as of 3/20/2026.
Unmanaged index returns, unlike fund returns, do not reflect fees, expenses or sales charges. Investors cannot invest directly in an index. Total return assumes the reinvestment of income. Current performance may be higher or lower than the performance data shown. Yields represented by trailing 12-month yield for: Top Derivative Income Funds (Represented by the top 10 Funds by AUM as of 2/28/26 in the derivative income category excluding single stock funds) and yield to worst for the Bloomberg Aggregate Bond Index, Bloomberg US Corporate Index and Bloomberg US Aggregate Corporate High Yield Index. Yield represents weighted average coupon for: MerQube US Large Cap Vol Advantage Autocallable and MerQube Nasdaq-100 Vol Advantage Autocallable Index.

The MerQube US Large Cap Vol Advantage Autocall Index and the MerQube Nasdaq-100 Vol Advantage Autocallable Index should not be considered proxies for CAIE and CAIQ. Investors should consider the risks of investing in CAIE and CAIQ and review the prospectus prior to investing. Before investing, carefully consider the fund’s investment objectives, risks, charges and expenses. Please see the prospectus and summary prospectus containing this and other information which can be obtained by calling 1-866-363-9219. Read it carefully before investing. An investment in the Fund(s) is subject to risks, and you could lose money on your investment in the Fund(s). There can be no assurance that the Fund(s) will achieve its investment objective. Your investment in the Fund(s) is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in the Fund(s) can increase during times of significant market volatility. The Fund(s) also has specific principal risks, which are described below. More detailed information regarding these risks can be found in the Fund’s prospectus. Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be lower or higher than the performance quoted. The principal value of an investment will fluctuate so that your shares, when sold, may be worth more or less than their original cost.