Variable Insurance Trust
Calamos strategies,
inside variable annuities
Twenty-five years of risk-aware equity, now extended into variable annuities through our award-winning autocallable framework.
1999
Trust Inception
Delivering risk-aware equity inside variable insurance products.
$50B+
Assets under Management1
Across equities, alternatives, and fixed income strategies globally.
Connect with our investment consultants team to explore VIT strategies, platform integration, and partnership opportunities.
Our Approach
Two strategies. One philosophy: seeks to grow risk-adjusted returns inside the tax-deferred wrapper.
Variable insurance products demand an investment approach engineered for the structure they sit inside. Calamos builds strategies that prioritize total return inside the wrapper, through risk-managed equity and through institutional structured payoff profiles that have, until now, been unavailable to variable annuity contract owners.
Autocallables
Calamos pioneered the autocallable ETF, the world's first institutional autocallable structure available in a daily-liquid wrapper. The Calamos Autocallable Income ETF (CAIE) was named SRP Americas' Most Innovative Product of 2025, the first ETF to receive the honor. The same framework that was built to seek high, stable monthly premiums now extends to VA subaccounts, where those premiums grow the fund rather than pay out.
Growth and Income
The Calamos Growth and Income Portfolio has applied a blended approach, combining equities, convertibles, fixed income, and options, to seek equity-like returns with a lower-volatility profile since 1999. A long-tenured PM team. A consistent process across more than two decades of full market cycles.
Built for annuities
Our autocallable structure seeks to accrue and grow inside the fund rather than distributing income, engineered specifically for the way contract owners actually use the variable annuity wrapper. Premiums collected stay invested and continue compounding, with no friction from current-year distributions and no tax leakage along the way.
Fund Lineup
Calamos VIT Funds
Two strategies inside the Calamos Advisors Trust: one with more than two decades of variable-product record, and one bringing institutional structured exposure to a wrapper that has never before had access to it.
Calamos US Equity Autocallable VIP Fund
Calamos Advisors Trust
Inception
Aug 17, 2026
Asset Class
Laddered Accumulating Notes
Launch Partner
Lincoln Financial Group
An autocallable strategy purpose-built for variable annuities – engineered to grow inside the fund, not distribute.
The award-winning CAIE autocallable strategy, adapted for the tax-deferred environment of a variable annuity. Coupons compound inside the fund – total return, no distributions.
Calamos Growth and Income Portfolio
Calamos Advisors Trust
Inception
May 19, 1999
Strategy
Convertibles + Equity
Live On
TIA - Mass Mutual - KC Life - AIL
An equity-oriented strategy that blends stocks with complementary allocations to convertibles, fixed income, and options.
The firm's anchor convertible-and-equity strategy, available to VA policyholders for more than two decades. Total return through capital appreciation and current income.
Resources
Documents & literature
Explore the VIP fund brochure, along with fact sheets, prospectuses, and annual reporting for our variable insurance strategies. Financial professionals can also contact our investment consultants directly for portfolio construction support.
An Autocallable Strategy Designed for a Variable Annuity Sub-Account
Brochure
A detailed look at the weekly-laddered structure, the coupon mechanics, and how it's designed to compound into higher lifetime income.
US Equity Autocallable VIP Fund
Fact Sheet
One-page overview of the strategy, current positioning, performance, and PM team.
US Equity Autocallable VIP Fund
Prospectus
Statutory prospectus for the Calamos US Equity Autocallable VIP Fund, including fees, principal investment strategies, and risks.
Calamos Growth and Income Portfolio
Prospectus
Statutory prospectus for the Calamos Growth and Income Portfolio, including fees, principal investment strategies, and risks.
Calamos Advisors Trust — 2025
Annual Report
Most recent annual report for the Calamos Advisors Trust series, including audited financial statements.
Calamos Advisors Trust — SAI
Statement of Additional Information
Supplementary information regarding fund operations, disclosure policies, and additional details not contained in the prospectus.
1AUM information as of 7/31/26.
Connect with our investment consultants team
Our investment consultants can help you explore VIT strategies, platform integration, and partnership opportunities.
Contact Us