- Pays: monthly.
- First paid: shortly after its June 25, 2025 launch — every payment since is charted below.
- What it is: the first US ETF built on autocallable income — a laddered portfolio of 52+ autocallable exposures on the MerQube US Large-Cap Vol Advantage Autocall Index, earning contingent coupons for taking deep-crash risk.
- Headline rate: 13.97% annualized distribution rate (as of 7/31/2026), on a 0.86% expense ratio.
- Scale: roughly $1.3 billion in assets after its first year — the proof that pulled ProShares and m+ funds into the category in August 2026.
CAIE's coupons are contingent, not guaranteed: they pay while the underlying index stays above a coupon barrier, and stop if it falls through. Calm and rising markets look great on this chart; a deep, fast crash is the scenario it hasn't faced yet.
CAIE pays monthly. Each point below is one distribution since the fund launched in June 2025 — the longest real payment record in the autocallable category.
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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 CAIE'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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Autocallable notes lived inside bank structured products for decades — sold in slices to wealthy clients, invisible to everyone else. CAIE was the first US ETF to put that machinery in a ticker: a laddered book of 52+ autocallable exposures, so a slice of the portfolio hits its observation date nearly every week instead of everything betting on one date. Coupons flow in monthly; positions that get “called” roll into new ones at current terms.
A year and $1.3 billion later, the copycats arrived: five autocallable ETFs launched in two days in August 2026 (MPDY, MPIA, ACSP, ACQQ, ACRT) — all of them targets-not-track-records until their first checks land. This chart is what the category actually paying looks like. The plain-English mechanics live in our autocallable ETF 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 CAIE's Next Ex-Dividend Date?
CAIE 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 CAIE's actual payment rhythm. Remember: you must own shares before the ex-dividend date to receive that payout.
CAIE's Record So Far
CAIE — the Calamos Autocallable Income ETF — began paying monthly in the summer of 2025 and hasn't missed since. Its distribution rate has run in the low-to-mid teens, funded by contingent coupons rather than option-premium harvesting, and its asset base compounded to roughly $1.3 billion inside a year. For a first-of-its-kind fund from a mid-sized issuer, that is a landslide verdict.
What the Ladder Does
The design spreads risk across time: 52+ autocallable exposures with staggered observation dates, so no single market moment decides the whole portfolio's fate. When the index sits at or above an autocall barrier on an observation date, that slice ends early and rolls into a new exposure at current terms; when it sits below the coupon barrier, that slice's coupon skips. The monthly checks you see above are the blended result of the whole ladder — which is why they look steadier than any single autocallable note would.
The Scenario the Chart Can't Show
CAIE's first year happened in markets that never crashed through its barriers — so the chart above shows the strategy's good weather only. The honest framing: this machinery collects insurance premiums against deep drawdowns, and the premium collector looks brilliant right up until the storm it insured against arrives. Watch this page alongside our Erosion Index and the CAIQ chart to see the category's real behavior accumulate, and see the full explainer for the mechanics.
New to Autocallable ETFs?
Coupon barriers, autocall dates, crash insurance — the whole machine in plain English, no jargon required.
Read the Autocallable ETF Explainer