# Calamos Nasdaq Autocallable Income ETF (CAIQ): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/caiq for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Calamos · Asset class: Alternatives - Strategy: Actively Managed · Inception: 2025-11-20 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... ## Key Facts | Metric | Value | |---|---| | Price | $24.58 | | Expense Ratio | 0.74% | | Assets Under Management | $396.4M | | NAV | $24.55 | | Holdings Count | 0 | | Distribution Yield (TTM) | 15.49% | | Annual Distribution (TTM) | $3.81 /share | | Distribution Frequency | Monthly | | 52-Week Range | $23.06 – $27.39 | | Beta | 1.09 | ## Latest Distribution - Amount: $0.3825 /share - Ex-date: 2026-10-01 - Pay date: 2026-10-08 ## Frequently Asked Questions ### 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 15.49%, 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 $396.4M 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. ### Does CAIQ pay a dividend? Yes, Calamos Nasdaq Autocallable Income ETF (CAIQ) distributes dividends to shareholders. The trailing-twelve-month yield is 15.49%. Full dividend history is on this page. ### How often does CAIQ pay dividends? Calamos Nasdaq Autocallable Income ETF pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is CAIQ's next ex-dividend date? The most recently announced ex-dividend date for CAIQ was 2026-10-01. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will CAIQ's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.74% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does CAIQ charge its expense ratio? The expense ratio is deducted in tiny daily slices from CAIQ's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does CAIQ cost more than a fund like VOO? CAIQ is actively managed (current expense ratio 0.74%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether CAIQ's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to CAIQ? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as CAIQ (0.74%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/caiq - Distribution history: https://www.dividenddata.com/funds/caiq/dividend - Holdings & diversification: https://www.dividenddata.com/funds/caiq/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/caiq/expenses - Peer comparison: https://www.dividenddata.com/funds/caiq/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.