The two actively-managed exchange-traded funds (ETFs) feature a laddered approach through a volatility-controlled index and an equity basket.

The Calamos US Equity Autocallable Income ETF seeks to ‘generate high monthly income while providing reduced downside risk’ through exposure to the US Equity Laddered Autocall Index, according to a preliminary prospectus Calamos Investments filed to the US Securities and Exchange Commission (SEC) on 11 April. The index replicates the performance of a diversified portfolio of synthetic autocallable notes, which are arranged in a laddered structure with staggered entry points wit