The world's first
autocallable
ETF suite

A new category
built for income
and growth

The autocallable revolution began here

Download Whitepaper

We created the autocallable ETF. Now we're building out the category. From seeking high income (CAIE, CAIQ) to amplified growth (CAGE) to enhanced income from a least-of structure (CAYN), our suite gives you more ways to pursue your goals through one tax-efficient autocallable framework.

Income

CAYN

Calamos Least-Of Autocallable Income ETF

  • 8.57%

    As of 10/27/26

Weighted average coupon of the MerQube US Equity Least-Of Autocall Index
Fund Profile Buy Now Summary Prospectus
Income

CAIE

Calamos Autocallable
Income ETF

  • 14.21%

    As of 10/27/26

Weighted average coupon of the MerQube US Vol Advantage Autocall Index
Fund Profile Buy Now Summary Prospectus
Growth

CAGE

Calamos Autocallable
Growth ETF

  • 29.28%

    As of 10/27/26

Weighted average coupon of the MerQube US Large-Cap Vol Advantage Autocall Growth Index
Fund Profile Buy Now Summary Prospectus
Income

CAIQ

Calamos Nasdaq® Autocallable Income ETF

  • 18.11%

    As of 10/27/26

Weighted average coupon of the MerQube Nasdaq-100® Vol Ad Autocall Index
Fund Profile Buy Now Summary Prospectus
Source: MerQube. Data shown above is not representative of the actual performance of the Funds, which includes fees and expenses. It is not possible to invest directly in an index. Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be lower or higher than the performance quoted.

Choose your objective: income or growth

A new way to access autocallable income

Our income ETFs, CAIE, CAIQ and CAYN, bring an institutional derivative income strategy into a daily-liquid, fully transparent ETF wrapper. They’re designed for investors seeking high, tax-efficient monthly income, with CAYN offering enhanced income potential through a least-of structure.

Key features:

Seeks to generate high, monthly income potential
Coupons typically higher than bonds, tied to equity market performance.
Tax-advantaged income
Seeks favorable tax treatment on distributions vs. ordinary income.
Model-portfolio ready
Single-ticker solution, liquid, and operationally efficient.
Laddered exposure
52+ autocallables seek consistent income and reduced timing risk.

Amplified autocallable growth with memory

We’ve taken autocallables beyond income. CAGE brings growth notes with memory into an ETF. Missed coupons are stored in down markets, captured all at once when markets recover above the barrier, and reinvested. No income distributions. Just growth, with the potential to compound significantly faster than the S&P 500 over time.

Key features:

Seeks long-term amplified growth
Designed to grow wealth at a significantly greater rate than the S&P 500 over time.
Built-in memory feature
Designed to store coupons in down markets and capture them in up markets.
Tax-efficient structure
All coupons reinvested and compound tax-deferred.
Exclusive Research

Unlock the playbook behind the $200B income revolution

Discover how autocallable yield notes—once reserved for institutions—are being democratized through ETF innovation. Get the full analysis on structure, tax efficiency, and portfolio applications.
Download Whitepaper

The Calamos advantage

First mover

Calamos was first to market with an autocallable ETF
Brings institutional style autocallable exposure to a broader range of investors

Broad lineup

Designed for high, income, growth or downside risk mitigation
A range of product options, each built for a different equity-linked outcome

After-tax outcomes

Thoughtful design prioritizes after-tax income and growth
Indexed, laddered approach and product terms shape income potential and principal risk

World-class partners

ETF issuer and
portfolio manager

Provides the optimized
reference index

Primary swap provider
for CAIE, CAIQ, CAGE

Primary swap
provider for CAYN

Award-winning innovation

Honored by leading investment institutions for first-of-their-kind strategies that redefine income and growth investing.

Your Autocallable toolkit

Meet CAYN: next gen worst-of income

Product Spotlight

Discover how CAYN seeks monthly income linked to the least-performing of SPY, QQQ and IWM.

2 min read

View Document

Autocallables 101

Advisor Guide

What should you look for in an autocallable? Explore a framework for evaluating autocallable notes and the ETFs built around them, from barriers and coupon drivers to how to vet a specific fund.

20 min read

View Document

Reinvest. Compound. Repeat.

Product Spotlight

What if income stayed invested? Get a closer look at how CAGE seeks to reinvest distributions over time.

2 min read

View Document

Mind the swap

Explainer

Is every autocallable ETF built the same way? Break down how an index swap or individual swaps can affect valuation, trading costs and taxes.

4 min read

View Document

Have questions about autocallable ETFs?

Our team is here to help financial professionals explore how autocallable ETFs can fit within client portfolios. Whether you're looking for product details, implementation guidance, or portfolio construction ideas—we'd love to connect.

Contact Us