#USA #Chicago #ETF #Calamos Nasdaq #CAIQ

Calamos Pioneers Autocallable Income ETF

Calamos Investments has made a historic step in the financial world by launching its Calamos Nasdaq® Autocallable Income ETF (CAIQ), set to debut on November 20, 2025. This innovative exchange-traded fund is tailored specifically for the Nasdaq-100® index, a fitting landmark in Calamos' ongoing pursuit to transform traditional income strategies within the ETF landscape.

The key highlight of CAIQ is its exceptional weighted average coupon rate of 17.98%. As stated by John Koudounis, the President and CEO of Calamos, this move cements Calamos' role in spearheading a “revolution in the autocallable income marketplace.” With previous successes, particularly with the Calamos Autocallable Income ETF (CAIE), which has amassed over $400 million since its launch on June 25, CAIQ aims to further dominate this emergent investment space.

A New Era of Income Generation

The unique function of CAIQ is to provide a high monthly income while balancing reduced downside risk. By utilizing a portfolio made up of synthetic autocallable yield notes that have standardized terms, it proposes a fresh method for investors seeking substantial, tax-efficient income derived from equities.

“The introduction of modalities like CAIQ reflects a fundamental shift in income generation for investors,” said Matt Kaufman, who leads Calamos’ ETF division. He emphasized the groundbreaking nature of these Autocallable ETFs, highlighting their promise to meet the categorical demand observed in the market, particularly after the success of CAIE.

ETF Specifications

The CAIQ ETF will adopt a strategy of investing in autocallable notes, which have defined structural attributes, ensuring regular income while also positioning for capital protection.

• - Ticker: CAIQ
• - Objective: To generate high monthly income with reduced risk.
• - Coupon Payments: Monthly distributions to provide consistent income.
• - Expense Ratio: 0.74%, making it competitively priced in the marketplace.
• - Portfolio Management: Managed by experienced professionals, including Jordan Rosenfeld and Shaheen Iqubal.
• - Swap Counterparty: J.P. Morgan, ensuring credibility and support across the transaction process.

The underlying index, the MerQube Nasdaq-100® Vol Advantage Autocallable Index, connects investors to the performance of major companies, adding a layer of exposure to the legendary tech-heavy index. Each autocallable in the MQAUTOQL index has a 5-year maturity period and includes a 30% barrier, orchestrated to offer capital protection amidst volatility.

Market Reception and Future Outlook

The momentum of CAIE has set a formidable precedent, leading it to become a frontrunner in terms of net flows in the derivative income category. This success underpins the anticipation surrounding CAIQ, with hopes that it expands access to a dynamic income model within the ETF industry.

Calamos aims to redefine the capabilities of their investment vehicles while continuing to meet the shifting demands of contemporary investors. The promise of the Nasdaq-100 Autocallable Income ETF positions it uniquely in the market, poised to attract a diverse clientele from wealth management platforms to individual investors seeking income solutions.

In summary, the launch of Calamos' CAIQ heralds a transformative moment in investing, combining innovative structure with high return potential and reduced risk,
opening new avenues for income generation amidst the rapidly evolving financial landscape.

For more information about investing in CAIQ and the broader Calamos suite, prospective investors are encouraged to delve deeper into the solutions that Calamos Investments offers through its diverse range of funds and strategies.