The Calamos Autocallable Growth ETF (CAGE) aims to provide investors with exposure mirroring a laddered portfolio composed of 52 synthetic autocallable notes. This actively managed portfolio achieves its objectives through unfunded total return swaps and exchange-traded funds. The portfolio undergoes weekly rebalancing, with all received coupons being promptly reinvested. Each autocallable note within the ETF offers contingent coupon payments and conditional principal protection, both linked to the performance of an underlying index of US large-cap stocks. The ETF has a stated maturity of five years, including an initial one-year period during which it cannot be called. Principal protection is maintained as long as the underlying index remains above a 50% decline from its initial level (the maturity barrier) at maturity. Coupon payments and an early redemption (autocall) are triggered if the index exceeds its initial value (100%) on annual observation dates. Unpaid coupons accumulate and are disbursed upon either the fund's maturity or an early call. However, if the index drops by 50% or more at maturity, investors will bear the full downside risk. For efficient fund management, CAGE utilizes financial tools such as box spreads and FLEX options, alongside a subsidiary based in the Cayman Islands.

CAGE Holdings & Sector Breakdown

CAGE Holdings & Sector Breakdown