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Launched

GraniteShares Autocallable PLTR ETF

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

$25.630.00 (−0.25%)

At close: Nov 2, 2026, 4:00 PM ET

C43/ 100

Rank 40 of 72 in Single-Stock Option Income

C43/100Rank 40 of 72inSingle-Stock Option Income
Intraday session: flat, 79 prints from 25.63 to 25.63. Range 25.55 to 25.70. Use the arrow keys to read each point.25.5525.5725.6025.6825.7010 AM12 PM2 PM4 PM
Expense ratio
1.18%*
Fund size
$6M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
6
Avg volume · 30D
4.5K sh
52W range
low $22.63high $26.84
Launched

*After a fee waiver that ends Dec 31, 2027. Without it: 7.80%.

The ETF.net PLA Grade

Based on 4 of 6 pillars

C

Score 43 out of 100

Category
Single-Stock Option Income⁠
Rank
40 of 72
Six-pillar profile for PLA. Scores out of 100: Cost 19, Risk 92, Mission not scored, Tradability 42, Holdings not scored, Durability 47. Strongest: Risk (92). Weakest: Cost (19). Based on 4 of 6 pillars.

Score 43 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F19 out of 100
    Rank 49 of 72

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A92 out of 100
    Rank 3 of 70

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C42 out of 100
    Rank 51 of 72

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C47 out of 100
    Rank 45 of 72

Our read on PLA

ETF.net Research

In short

CStructured-note plumbing in ETF packaging. PLA holds a laddered book of autocallables on Palantir, paying coupons only while the stock stays above set barriers, with losses tracking PLTR below them.

Stated mandate

The Fund seeks income and limited downside protection through exposure to autocallables referencing Palantir Technologies Inc., with a laddered structure intended to support recurring income and reduce timing risk.

Why people hold it

  • Not another covered-call fund. Income comes from autocallable contracts whose coupons pay when PLTR sits above the coupon barrier on an observation date.graniteshares.comgraniteshares.com 2
  • Laddered and rolling: several autocallables with staggered terms, so one start date or one bad observation window does not define the whole fund.graniteshares.com
  • Autocallable exposure without the bank note. It is a registered 1940 Act ETF you can trade any day, not a hold-to-maturity structured product.graniteshares.com
  • Fee of 1.07% a year sits right at the median for single-stock options-income funds, though peers like BRKC and TSMY come in near 1.00%.

Worth knowing

  • Coupons are contingent, not fixed. Below the coupon barrier they can shrink or skip entirely, and payouts may include return of capital.graniteshares.com
  • A barrier, not a buffer. If PLTR ends below the maturity barrier, that position can lose like the stock itself; hitting the autocall barrier ends its coupons early.graniteshares.comgraniteshares.com 2
  • Launched in 2026 and small since day one, with light trading. Spreads can run wider than the category's household names.

PLA Holdings

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 valueHeld by ETFs
1No dataUS Dollars98.40%6,285,210$6.29M85
2No dataNomura5 PLA0.41%1,250,000$26.3K1
3No dataNomura4 PLA0.36%1,250,000$22.9K1
4No dataNomura3 PLA0.32%1,250,000$20.3K1
5No dataNomura2 PLA0.28%1,250,000$17.6K1
6No dataNomura1 PLA0.24%1,250,000$15.5K1

Showing 1–6 of 6 holdings

PLA Performance

Launched May 19, 2026

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

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
PLA$11,208
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,141
Jul 31, 2026 to Oct 30, 2026. PLA $11,208. SPY $10,141. Use the arrow keys to read each point.$10,000$10,500$11,000Jul 2026Sep 2026Oct 2026

Jul 31, 2026 – Oct 30, 2026

Returns run to the Oct 30, 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 PLA. Periods over one year show the average yearly return.
PeriodPLA
Year to dateFund launched this yearNo data
1 month+0.2%
3 months+12.1%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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 PLA
YearReturn barPLA
2026 YTD+11.3%

Since listing, May 19, 2026

PLA in the news

PLA Dividends

Last payment
$0.42 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. 5 payments in 2026 YTD. Jun 3, 2026 $0.42; Jul 1, 2026 $0.45; Aug 12, 2026 $0.43; Sep 9, 2026 $0.42; Oct 7, 2026 $0.42. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Oct 7, 2026Oct 9, 2026$0.42
Sep 9, 2026Sep 11, 2026$0.42
Aug 12, 2026Aug 14, 2026$0.43
Jul 1, 2026Jul 6, 2026$0.45
Jun 3, 2026Jun 5, 2026$0.42

PLA Risk

Risk pillarA92 out of 100Rank 3 of 70 in Single-Stock Option Income
How much the fund’s monthly returns vary, scaled to a year.
Launched May 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 May 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 May 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.
0.46
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.

FMP measures it over up to five years of monthly returns.

PLA Cost

Compare PLA and KWIN

Overpaying vs KWIN, cheapest in Single-Stock Option Income

$11,378

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • PLA 1.18%

    $21,543

  • KWIN 0.51% Cheapest

    $10,165

$10,000
30 years

Cost over time

  • PLA 1.18%
  • KWIN 0.51%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530PLA $21,543KWIN $10,165

Year by year

YearPLAKWINOverpaying
10$2,065$918$1,147
20$7,697$3,527$4,170
30$21,543$10,165$11,378
How the 1.18% is worked out

Full fee 7.80%− waiver 6.62%= you pay 1.18%

The waiver ends Dec 31, 2027. After that the fee is 7.80% unless GraniteShares renews it. Source: prospectus, Oct 2026.

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