Calamos Nasdaq Autocallable Income ETF (CAIQ)

The Calamos Nasdaq Autocallable Income ETF (CAIQ) seeks high monthly income through exposure to a laddered portfolio of autocallable notes referencing the Nasdaq-100 Index. These structured instruments pay coupons when the index remains above a barrier and are automatically redeemed when it trades at or above a call level on observation dates.

The fund generally replicates an index of such autocallables using swaps or other derivatives, backed by high-quality collateral such as U.S. Treasuries. Using the Nasdaq-100 as the reference index links the income stream to large-cap, technology-heavy U.S. stocks.

CAIQ is sponsored by Calamos Investments and trades on the Nasdaq.