Calamos Autocallable Growth ETF

C000273069 Fund Overview

Calamos Autocallable Growth ETF is a US ETF managed by Calamos ETF Trust, categorised as United States Multi-Cap / All-Cap Growth Consumer Discretionary Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US ETF
• Manager: Calamos ETF Trust
• Category: United States Multi-Cap / All-Cap Growth Consumer Discretionary Equity
• Assets under management: $105.80M
• SEC CIK: 0001579881
• SEC series ID: S000102567
• Share class ID: C000273069

C000273069 Investment Objective and Strategy

Calamos Autocallable Growth ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Calamos ETF Trust.

Investment objective

"Calamos Autocallable Growth ETF (the ""Fund"") seeks to generate long-term capital growth while providing reduced downside risk through exposure to the MerQube US Large-Cap Advantage Autocallable Growth Index (the ""Autocallable Index""). The Autocallable Index is designed to reflect the performance of a theoretical diversified portfolio of synthetic autocallable notes (each an ""Autocallable"" and the theoretical portfolio of Autocallables, the ""Index Portfolio""). The reduced downside risk that the Fund seeks to deliver is relative to owning a single underlying autocallable note (and not relative to risk associated with investing in the S&P 500), because exposure to the Autocallable Index is expected to provide benefits such as reduced timing risk, diversification across multiple notes (i.e., not subject to a single maturity barrier), and contingent maturity barriers that may help preserve capital over time.

As part of the Fund's seeking to generate long-term growth, any coupons due and payable on individual synthetic Autocallable notes will, when and if payable, be paid into the Fund."

Principal investment strategy

"The Fund is a non-diversified, actively managed exchange-traded fund (""ETF"") that, under normal market conditions, seeks to invest at least 80% of its net assets (plus borrowings for investment purposes, if any) in U.S. Treasuries, cash, cash equivalents, box spreads, box spread ETFs and unfunded total return swaps that provide exposure to the Autocallable Index. The Autocallable Index is designed to reflect the collective performance of a theoretical portfolio of approximately 52 synthetic Autocallables arranged in a laddered structure with staggered entry points with similar fixed parameters (the ""Parameters"") as described below within the section entitled ""Index Portfolio Characteristics"". The Fund will not attempt to replicate or track the Autocallable Index but will instead use financial instruments such as total return swaps to gain exposure to the level of the Autocallable Index.

The Autocallables' coupon payments, principal repayment timing and principal value at maturity, and ultimately the Fund's total return, is contingent and with respect to principal value at maturity, based on the performance of the MerQube US Large-Cap Vol Advantage Index (the ""Underlying Reference Index""), which provides volatility adjusted exposure to E-Mini S&P 500 futures contracts. The Fund's portfolio will be comprised of unfunded total return swaps, U.S. Treasuries, cash, cash equivalents, ""box spreads"" and box spread ETFs. The Fund expects to invest substantially all of its assets in U.S. Treasury securities with remaining maturities of one (1) year or less cash, cash equivalents, ""box spreads"" (which may include investment in box-spread ETFs) and unfunded total return swaps providing exposure to an Autocallable Index (the ""Swap Agreements"").

However, in order to meet its margin requirements on the Swap Agreements, the Fund may allocate all or a significant portion of its cash to investments in eligible collateral instruments such as: investment-grade fixed income and floating rate bonds; notes with variable interest rates tied to benchmarks issued by governments and European or U.S. investment-grade corporate issuers; commercial paper and money market funds. Each synthetic Autocallable is designed to pay a percentage of the notional amount allocated to that Autocallable at certain set observation dates (e.g., annually, noting the annual observation dates are specific to each Autocallable) (a ""Coupon""), provided that the Underlying Reference Index reaches or exceeds a certain level (the ""Coupon Barrier""). If on specified annual observation dates the Underlying Reference Index reaches or exceeds a certain level (the ""Autocallable Barrier"") then the synthetic Autocallable will automatically mature.

Potential coupons will continue to accumulate over the life of each synthetic Autocallable so long as that Autocallable is not called (i.e., the amount of the potential Coupon will be greater for such subsequent observation period as it will account for the Coupon that was not recognized on the prior observation period). If the performance of the Underlying Reference Index is below the Coupon Barrier on any observation date and at the maturity date of the Autocallable no Coupon is paid for that then-ended observation period or at maturity, as the case may be. Each synthetic Autocallable employs a ""memory"" or what may be commonly referred to as a ""snowball"" feature where the unpaid Coupons are credited to the Fund if the Autocallable is called. Each synthetic Autocallable is subject to a one-year non-callable period from the date of issuance (the ""Non-Callable Period"").

Each synthetic Autocallable incorporates a principal protection feature so that, if the Underlying Reference Index has not reached or exceeded the Autocallable Barrier before the scheduled maturity date, any negative performance below the Autocallable Barrier as at the maturity date will not have any negative impact on the return of principal under the synthetic Autocallable, provided the Underlying Reference Index is not below a certain predetermined level at maturity (the ""Maturity Barrier""). Only if the Underlying Reference Index is below that Maturity Barrier at maturity will the Autocallable Index, and in turn investors, be exposed to the full downside performance of the Underlying Reference Index at maturity. Therefore, while synthetic Autocallables may preserve capital in certain negative market conditions (i.e., if the Underlying Reference Index remains above the Maturity Barrier), adverse market conditions in the equity market can lead to negative returns for the Fund.

The Fund's exposure to the Autocallables is obtained through one or more Swap Agreements with one or more qualified financial institutions (""Swap Counterparties""). These Swap Agreements reference the Autocallable Index, which is designed to reflect the aggregate performance of the entire Index Portfolio. Through this approach, the Fund obtains comprehensive exposure to the diversified portfolio of Autocallables via one or more derivative instruments. In addition to the above, the Fund expects to invest in money market instruments, including U.S. Treasury Securities and repurchase agreements as well as cash and cash equivalents. The Fund will also utilize ""box spreads"" that consist of a synthetic long position coupled with an offsetting synthetic short position through a combination of options contracts (""Box Spreads"").

The Fund may also invest in other exchange-traded funds which in turn invest principally in box spreads. The Fund may invest up to 25% of its total assets in a wholly-owned subsidiary (a ""Subsidiary""), organized under the laws of the Cayman Islands. If determined necessary or advisable by the Fund, investment in the Subsidiary is expected to provide the Fund with exposure to the Autocallable Index within the limitations of Subchapter M of the Internal Revenue Code of 1986, as amended (the ""Code"") and Internal Revenue Service guidance. The Subsidiary may invest primarily in derivative instruments, including Swap Agreements. Investment Structure Overview The Fund's investment approach centers on gaining exposure to a theoretical diversified portfolio of approximately 52 synthetic autocallables using one or more Swap Agreements that reference the Autocallable Index.

Each of these Autocallables is linked to the performance of the Underlying Reference Index, which dynamically adjusts its exposure to E-Mini S&P 500 futures contracts based on market volatility conditions. To efficiently implement this strategy, the Fund enters into one or more Swap Agreements with Swap Counterparties. These Swap Agreements reference the Autocallable Index, which is designed to reflect the aggregate performance of the entire Index Portfolio, allowing the Fund to gain comprehensive exposure to a theoretical portfolio of synthetic Autocallables through a single instrument. The returns are based on certain pre-defined payout and return characteristics described in more detail in the section below entitled ""Index Portfolio Characteristics"". Each Autocallable's return profile will be linked to the Underlying Reference Index as a whole and does not look-through to the individual constituents of such index.

Index Portfolio Characteristics The Fund provides investors with exposure to an index which is designed to reflect the aggregate total return of a theoretical portfolio of approximately 52 synthetic Autocallables. Each synthetic Autocallable in the Index Portfolio may achieve one or both of the following payout and return characteristics depending on the performance of the Underlying Reference Index: (a) payment of unpaid Coupons at maturity if the level of the Underlying Reference Index is at or above the Coupon Barrier (as set forth below) on an observation date; or (b) as part of the Autocallables' return, the Autocallable Index, and in turn the Fund may be exposed to the negative performance of the Underlying Reference Index in case the level of such Underlying Reference Index is below the Maturity Barrier at maturity.

Each synthetic Autocallable in the Index Portfolio will have the following key characteristics/parameters (the ""Parameters""): I. Individual Autocallables: Each synthetic Autocallable in the Index Portfolio features (as more set forth in the table below): 5-year tenor (Maturity) 1-year initial Non-Callable Period from the date of issuance U.S. Dollar denomination 50% Maturity Barrier (observed at maturity) 100% Autocallable Barrier (observed annually) 100% Coupon Barrier (observed annually) Direct link to the performance of the Underlying Reference Index II. Key Components: Each Autocallable in the Index Portfolio has three main components: Call Feature: Each Autocallable will automatically be called prior to its scheduled maturity date if the Underlying Reference Index reaches or exceeds the Autocallable Barrier on an annual Observation Date.

If the Underlying Reference Index is below the Autocallable Barrier after the annual Observation Date, the note remains in the Index Portfolio, uncalled, until the market recovers. Contingent Coupon: A coupon is paid by the Autocallable if, on the annual Observation Date, the performance of the Underlying Reference Index is at or above the Coupon Barrier. If the Underlying Reference Index falls below the Coupon Barrier on an Observation Date, no coupon will be paid for that period. Unpaid Coupons will be added to any future Coupon payment. Contingent Principal Protection: If an Autocallable is not called prior to Maturity, the initial principal is fully protected if the Underlying Reference Index's level is above the Maturity Barrier (50%) at maturity. If the Underlying Reference Index closes below the Maturity Barrier, principal loss for that Autocallable will be equivalent to the negative performance of the Underlying Reference Index measured over the life of the Autocallable.

The underlying Index Portfolio will be rebalanced weekly, employing a weekly roll mechanism whereby Autocallables that have auto called or matured are replaced with new Autocallables and any Coupons paid are reinvested in Autocallables. III. Implementation Mechanism: To efficiently gain exposure to this theoretical diversified portfolio of synthetic Autocallables, the Fund utilizes: Swap Agreements with Swap Counterparties The Autocallable Index as a reference for these Swap Agreements, which is designed to reflect the aggregate performance of the entire Index Portfolio (See ""The Underlying Reference Index"") PARAMETER DESCRIPTION SPECIFIC DATA Autocallable Barrier The predetermined level of the Underlying Reference Index, which if reached or exceeded on specified Observation Dates will cause the Autocallable to automatically mature.

100% of the value of the Underlying Reference Index as at the date the Autocallable was included in the Index Portfolio. Coupon Barrier The predetermined level of the Underlying Reference Index which if reached or exceeded on specified Observation Dates will cause a fixed amount to be paid (the ""Coupon""). 100% of the value of the Underlying Reference Index as at the date it is included in the Index Portfolio. Maturity Barrier The predetermined level of the Underlying Reference Index above which on the Maturity Date of the Autocallable will result in the full repayment of principal. 50% of the value of the Underlying Reference Index as at the date the Autocallable was included in the Index Portfolio.

C000273069 Holdings

Top 3 holdings of Calamos Autocallable Growth ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000273069 holdings

C000273069 Portfolio Allocation

Asset-class allocation of Calamos Autocallable Growth ETF by percentage of net assets, from the latest SEC N-PORT filing.

C000273069 Performance

Total returns for C000273069 (as of 2026-10-01), from SEC filings.

C000273069 Costs and Fees

C000273069 costs about $74 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.74%
• Gross expense ratio: 0.85%

C000273069 Cashflows

Over the 12 months to 2026-04, Calamos Autocallable Growth ETF had net inflows of $13.32M, from monthly SEC N-PORT filings.

C000273069 Debt Constituents

No individual debt constituents are reported in Calamos Autocallable Growth ETF's latest SEC N-PORT filing.

C000273069 Prospectus and SEC Filings

Official Calamos Autocallable Growth ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2026-04-10
• Prospectus supplement (497) — filed 2026-04-15
• Portfolio holdings (N-PORT) — filed 2026-09-29
• Portfolio holdings (N-PORT) — filed 2026-06-26

Related Funds

Other United States Multi-Cap / All-Cap Growth Consumer Discretionary Equity funds tracked on ABC INVEST:

• Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (PEZ)
• Defiance Retail Kings ETF (RKNG)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.