Calamos Nasdaq Autocallable Income ETF

Frequently Asked Questions About CAIQ

What does CAIQ invest in?

CAIQ is an equity alternative fund. It is actively managed, seeking a high, stable monthly income with reduced downside risk through exposure to the MerQube Nasdaq-100 Vol Advantage Autocallable Index. The autocallable index reflects the performance of a theoretical portfolio comprising 52 to 260 synthetic autocallable notes arranged in a laddered structure with staggered entry points. The fund, however, does not intend to replicate or track the said index, but instead uses financial instruments to gain exposure similar to its level. The fund will invest substantially in ultra-short term US Treasurys, cash, cash equivalents, box spreads, and unfunded total return swaps. Entering swap agreements with swap counterparties allows the fund to acquire comprehensive exposure to the theoretical portfolio of synthetic autocallables through a single instrument. The fund may also gain exposure to the index through a wholly-owned subsidiary organized in the Cayman Islands, capped at 25%.

What is the expense ratio of CAIQ?

Calamos Nasdaq Autocallable Income ETF (CAIQ) charges an expense ratio of 0.74%. This is the annual fee deducted from fund assets to cover management and operations.

What is CAIQ's dividend yield?

CAIQ's trailing-twelve-month yield is 13.43%, calculated from the sum of dividends over the past year divided by the current price.

How big is CAIQ?

Calamos Nasdaq Autocallable Income ETF (CAIQ) manages $342.8M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is CAIQ actively managed or an index fund?

CAIQ is actively managed — the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (CAIQ's is 0.74%) in exchange for the discretion to over- or under-weight positions.

When was CAIQ launched?

Calamos Nasdaq Autocallable Income ETF (CAIQ) launched in November 2025 and is managed by Calamos.