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CAGECalamos Autocallable Growth ETF

Get incomeNewRanked #1,511 of 1,650 in this goal

Seeks to generate long-term capital growth while providing reduced downside risk through exposure to the MerQube US Large-Cap Advantage Autocallable Growth Index.

Launched 2026

Annual Cost

—

#5,854 of 5,854 · expensive

Fund Size

—

#5,854 of 5,854 · small

Dividend YieldGoal

—

Track Record

4 months

#5,361 of 5,854 · young

Performance

Total-return NAV · USD
Growth of $10,000
$10,831+8.3%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Option income

Index tracked

MerQube US Large-Cap Advantage Autocallable Growth Index

What it actually holds

By weight

Concentration

Top 3 holdings = 98.7% of fundconcentrated

Calamos Tax-Aware Collateral ETF
79.3%
United States Treasury
16.7%
JPMorgan Chase Bank NA
2.7%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
N/A
Max drawdown
-6.7%Mild

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks to generate long-term capital growth while providing reduced downside risk through exposure to the MerQube US Large-Cap Advantage Autocallable Growth Index.
Strategy
Actively manages a portfolio of synthetic autocallable notes and U.S. Treasuries to achieve long-term capital growth with reduced downside risk. Utilizes total return swaps for exposure to the Autocallable Index, which reflects a diversified portfolio of autocallables.
Inception date
April 16, 2026

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

The big yield isn't extra money

The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.

Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-03