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ANV

GradeCNASDAQ Global Market

GraniteShares Autocallable NVDA ETF

Single-stock strategy · Option Income · GraniteShares · Inception 2026-02-03 · SEC filings

This fund concentrates its exposure in one company, using derivatives rather than holding the shares directly. Its results depend on that single stock.

$25.41−0.06 (−0.22%)

As of Sep 23, 2026, 2:10 PM EDT

History starts Feb 3, 2026.History starts Feb 3, 2026.
Intraday session: down, 19 prints from 25.46 to 25.41. Range 25.40 to 25.51. Use the arrow keys to read each point.$25.43$25.45$25.48$25.5010 AM12 PM2 PM4 PM
Expense ratio
1.07%
Fund size
$6M
1Y return
—
Yield · Last 12 months
Data unavailable
Holdings
6
Volume · 30D
0M sh
NAV per share
$25.35
52W range
low $24.27high $25.89

The ETF.net ANV Grade

C

47/ 100

Rank 3 of 8 in Nvidia (NVDA) Option Income⁠

Confidence Low

Six-pillar profile for ANV. Scores out of 100: Cost 35, Risk 89, Mission not scored, Tradability 30, Holdings not scored, Durability 57. Strongest: Risk (89). Weakest: Tradability (30). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 47 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 35
    Category rank5/8 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 89
    Category rank1/6 · top 17%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 30
    Category rank5/8 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 57
    Category rank5/8 · mid-pack

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

Our read on ANV

ETF.net Research

CMost NVDA income funds sell call options. ANV instead holds autocallable instruments linked to Nvidia: contingent coupons, and a position that can end early if the stock trips a call level. Same stock, very different plumbing.

Stated mandate

The fund seeks to generate potential monthly income through a portfolio of autocallable instruments linked to Nvidia's equity performance.

Why people hold it

  1. 01Income comes from autocallable instruments tied to Nvidia, not calls written on it, so coupons are contingent and the position can terminate early if Nvidia trips a call level.
  2. 02It is the lone autocallable build in a peer group otherwise stacked with NVDA option-income funds, so it is not the same covered-call trade in a fresh wrapper.
  3. 03At 1.07% a year it sits mid-pack among NVDA income funds (NVII 0.99%, NVDY 1.09%), so the structured plumbing costs no premium over option-writing rivals.
  4. 04Autocallable payoffs usually arrive as bank-issued notes. Here the exposure sits inside a 1940 Act registered fund that trades on an exchange like any other ETF.

Worth knowing

  1. 01Autocallables trade upside for coupons: a big Nvidia rally can call you out early rather than carry you along, and any new terms reset to whatever the market offers then.
  2. 02Exposure is synthetic rather than NVDA shares, which adds counterparty and pricing risk, and it all rides on one stock, so Nvidia drawdowns pass straight through.
  3. 03Launched in 2026, it has no long record to judge, and a young fund is still building trading depth, which can show up as wider bid-ask spreads.

ANV Holdings

As of Sep 21, 2026, 4:05 AM
Asset class
Other
Holdings
6
Top-10 weight
100%
Largest holding
US Dollars98.4%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—US Dollars98.43%5,225,433$5M85
002—Nomura10 ANV0.52%1,048,500$28K1
003—Nomura4 ANV0.33%1,048,500$18K1
004—Nomura3 ANV0.27%1,048,500$14K1
005—Nomura2 ANV0.25%1,048,500$13K1
006—Nomura1 ANV0.20%1,048,500$11K1

Showing 1–6 of 6 holdings

ANV Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

ANV$10,525
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. ANV $10,525. SPY $10,415. Use the arrow keys to read each point.$9,735$10,159$10,583Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for ANV. Periods over one year show the average yearly return.
PeriodANV
Year to dateFund launched this year—
1 month+1.5%
3 months+5.2%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for ANV
YearReturn barANV
2026 YTD+12.6%

Since listing, Feb 3, 2026

ANV in the news

ETF.net Research hasn’t filed on ANV yet — coverage lands here as it’s written.

ANV Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.30 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 7 payments in 2026 YTD. Mar 4, 2026 $0.35; Apr 1, 2026 $0.35; May 6, 2026 $0.35; Jun 3, 2026 $0.34; Jul 1, 2026 $0.35; Aug 12, 2026 $0.33; Sep 9, 2026 $0.30. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 9, 2026Sep 11, 2026$0.30
Aug 12, 2026Aug 14, 2026$0.33
Jul 1, 2026Jul 6, 2026$0.35
Jun 3, 2026Jun 5, 2026$0.34
May 6, 2026May 8, 2026$0.35
Apr 1, 2026Apr 6, 2026$0.35
Mar 4, 2026Mar 6, 2026$0.35

ANV Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Feb 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Feb 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Feb 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.10
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

ANV Cost

Expense ratio1.07%
  • The middle half of Nvidia (NVDA) Option Income funds
  • Median 1.07%

3 of the 7 Nvidia (NVDA) Option Income funds charge less.

ANV costs $107.00 a year on $10,000. The median Nvidia (NVDA) Option Income fund costs $107.00.