CAGE ETF — Calamos Autocallable Growth ETF

Calamos Autocallable Growth ETF (CAGE)

Updated October 2, 2026.

CAGE is an ETF that tracks the Autocallables (MerQube US Large Cap Vol Advantage Autocallable Growth Index). its expense ratio is 0.74%. Total return is 17.2% over the past 0.5 years, 7.0 points ahead of SPY at 10.2%.

Calamos Autocallable Growth ETF is an exchange-traded fund that seeks tax-efficient growth by investing in autocallables linked to the MerQube US Large Cap Vol Advantage Autocallable Growth Index, which provides exposure to large-cap equities with volatility management features. The fund has an expense ratio of 0.74% and is structured to prioritize long-term compounding rather than regular income distributions. It may appeal to growth-oriented investors seeking tax efficiency and those interested in autocallable structured products within an ETF wrapper.

CAGE performance versus SPY

Price and return data through 2026-10-02.

Total return is 17.2% over the past 0.5 years, 7.0 points ahead of SPY at 10.2%.

CAGE key facts

Issuer

Calamos Investments

Asset type

ETF

Asset class

Equity

Inception date

04/15/2026

Expense ratio

0.74%

Distribution frequency

Annual

Last close

$29.30 (as of 2026-10-02)

AUM

$162,356,369

Average volume

75279.0

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Calamos Investments or company page; Index: Autocallables (MerQube US Large Cap Vol Advantage Autocallable Growth Index); prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

CAGE risks and drawbacks

Payments are annual, so cash flow is lumpy versus a monthly fund.

Who may consider CAGE — and who may not

It is a weaker fit for investors who need monthly cash flow (CAGE pays annual); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

Compare CAGE

CAGE vs similar funds:

• CAGE vs VAIE

Frequently asked questions

More securities from Calamos Investments.