CAIQCalamos Nasdaq Autocallable Income ETF
Seeks to generate high monthly income while providing reduced downside risk through exposure to the MerQube Nasdaq-100 Vol Advantage Autocallable Index.
By Calamos · Launched 2025
0.74%
#3,775 of 5,854 · average
$248M
#2,179 of 5,854 · mid-size
—
9 months
#4,897 of 5,854 · young
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
AlternativeRegion
North americaStrategy
Option income
Index tracked
MerQube Nasdaq-100 Vol Advantage Autocallable Index
What it actually holds
By weightConcentration
Top 3 holdings = 99.1% of fundconcentrated
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsWorst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Listing
- Exchange
- NASDAQ Global Select Market
Full fund details
- Objective
- Seeks to generate high monthly income while providing reduced downside risk through exposure to the MerQube Nasdaq-100 Vol Advantage Autocallable Index.
- Strategy
- Actively manages a portfolio primarily invested in U.S. Treasuries, cash, and synthetic autocallable notes via total return swaps to gain exposure to the MerQube Nasdaq-100 Vol Advantage Autocallable Index. Aims for high monthly income with reduced downside risk through diversification across multiple notes.
- Inception date
- November 19, 2025
- Fund family
- Calamos
Similar funds
Same asset class, closest by strategy & exposureOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
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