Schroders, a global asset manager, announced the launch of its U.S. Autocallable Ladder Income ETF (SALI), designed to provide monthly income through a broad, laddered portfolio of autocallable structures with embedded risk management. The ETF aims to simplify access to autocallable strategies for financial advisors by addressing challenges like sourcing, monitoring, and scaling individual structured notes. Schroders partnered with CAIS for marketing and support, and with SEI’s Advisors' Inner Circle Fund ® (AIC) platform for the launch. SALI is expected to begin trading on the New York Stock Exchange on September 15, 2026.
The ETF is designed for advisors seeking diversified income sources beyond traditional options, with 55% of North American wealth managers looking for more holistic income generation, according to Schroders' Global Investor Insights Survey 2026. Max Guimond, Head of North American Solutions at Schroders, highlighted SALI's proprietary index framework that prioritizes disciplined risk management alongside income generation, utilizing systematic laddering and reinvestment for portfolio resilience.
The autocallable ETF market has seen significant growth, with U.S.-listed autocallable ETFs holding $4.8 billion in assets as of September 10, 2026, up from $580 million at the end of 2025. Twenty-five new autocallable ETFs have launched in 2026 through September 10, compared to six in all of 2025. These products are attractive due to their high target yields, sometimes exceeding 15%, which are significantly higher than typical bond yields, though they carry equity-style risks.
The largest autocallable ETF is the FT Vest Laddered Autocallable Barrier & Income ETF, with nearly $2 billion in assets. The Calamos Autocallable Income ETF, launched in June 2025, was the first of its kind and now holds around $1.3 billion, with a weighted average coupon of approximately 14%. Other notable offerings include the ARK Active Autocallable Income ETF, targeting a 17.5% coupon, and the ProShares S&P 500 Autocallable Income ETF, which recently had an estimated annualized yield of around 19%. Schroders' Risk Managed Investments team, which manages approximately $44 billion as of June 30, 2026, will manage SALI, led by Portfolio Manager Marcus Durell.
