- Pays: monthly (mid-month ex-dates, unlike most of the category).
- First paid: shortly after its February 18, 2026 launch — every payment since is charted below.
- What it is: total-return swaps on a daily-laddered portfolio of 250+ synthetic autocallables (Bloomberg US Large Cap VolMax Autocallable Index, 40% volatility target) — a new position nearly every trading day.
- Target & recent rate: targets SOFR + 10%; distribution rate 13.59% as of July 2026, on a 0.74% expense ratio (0.09% waived into 2027).
- Honest flag: the issuer estimates roughly 87% of recent distributions were return of capital — see the note below.
Return of capital isn't automatically bad — swap-based funds often distribute cash that tax rules classify as ROC — but it lowers your cost basis and defers taxes rather than erasing them, and persistent ROC alongside a falling NAV is the pattern to watch. Our ROC guide covers how to read it.
ATCL pays monthly, on a mid-month rhythm. Each point below is one distribution since the fund launched in February 2026.
Loading the latest data…
Each point is one payment; the line ends at the most recent payout. The table below totals them by year.
| Recent Ex-Dividend Dates | Distribution / Share |
|---|
"Next expected" is estimated from ATCL's recent payment rhythm — the fund announces exact dates shortly before each payout, and the data feed can lag a few days. You must own shares before the ex-dividend date to receive that payout; the cash typically arrives days later. See every fund's upcoming date on the live dividend calendar.
A real total-return estimate, assuming every payout was reinvested — including what happened to the share price. Before taxes and fees. Past performance does not predict the future.
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These are assumptions, not a prediction. Want the full chart and tax options? Open the full calculator →
Every autocallable ETF ladders its positions to spread timing risk — ATCL just takes the idea to its limit. Where Calamos ladders 52+ positions, REX's index starts a new synthetic autocallable nearly every trading day, holding 250+ at once (the fund reported 251 live positions in August 2026). No single observation date matters much; the book becomes a continuous stream of coupon checks and rolls, targeting SOFR + 10% — a cash-benchmark framing no one else in the category uses.
The 40% volatility target on the underlying index is the aggressive setting funding that target — the highest disclosed in the category. Compare CAIE's coarser ladder and PAYH's 35% dial, and read the ROC note above alongside our return-of-capital guide. Field map in the explainer.
| Year | Total Distributions / Share | Payments | Change vs Prior Year |
|---|
Data source: Yahoo Finance. Figures are per share; the current year may be partial and figures should be verified against official sources.
Calculated from complete calendar years in the data above. Past results don't guarantee future payments.
When Is ATCL's Next Ex-Dividend Date?
ATCL pays monthly. The exact date of each payout is announced by the fund only shortly beforehand, so no site can promise the next date — but the live schedule box above shows the most recent ex-dividend date and the expected window for the next one, computed from ATCL's actual payment rhythm. Remember: you must own shares before the ex-dividend date to receive that payout.
ATCL's Record So Far
ATCL — the REX Autocallable Income ETF — launched February 18, 2026 and has paid monthly since, with checks tightly clustered around $0.28 a share. Its mid-month payment rhythm makes it a natural pairing with the month-end payers for anyone smoothing their income calendar.
A Ladder Built Daily
The Bloomberg index under ATCL starts a new synthetic autocallable nearly every trading day and holds more than 250 at once, each with monthly coupon observations. Laddering this finely means no single market date can make or break the book — risk is spread across hundreds of start levels and barrier dates. The trade-off sits elsewhere: a 40% volatility target on the equity exposure, the category's most aggressive, is what makes a SOFR + 10% target payable.
Reading the ROC Honestly
ATCL's distributions have been estimated at ~87% return of capital. That's a tax characterization, not automatically a warning — but it puts the burden of proof on the chart: if distributions hold while NAV holds, the machine is earning its payout; if NAV bleeds while ROC-heavy checks continue, the fund is recycling capital. This page and the Erosion Index track exactly that, and our ROC guide explains the mechanics. For the rest of the field, start at the explainer.
New to Autocallable ETFs?
Coupon barriers, daily ladders, return of capital — the whole machine in plain English.
Read the Autocallable ETF Explainer