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PLA

GradeCNASDAQ Global Market

GraniteShares Autocallable PLTR ETF

Single-stock strategy · Option Income · GraniteShares · Inception 2026-05-19

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

$25.98+0.14 (+0.52%)

As of Sep 23, 2026, 2:14 PM EDT

History starts May 19, 2026.History starts May 19, 2026.History starts May 19, 2026.
Intraday session: up, 14 prints from 25.84 to 25.98. Range 25.78 to 25.98. Use the arrow keys to read each point.$25.80$25.85$25.90$25.95$26.0010 AM12 PM2 PM4 PM
Expense ratio
1.07%
Fund size
$4M
1Y return
—
Yield · Last 12 months
Data unavailable
Volume · 30D
0M sh
NAV per share
$25.78
52W range
low $22.63high $26.84

The ETF.net PLA Grade

C

40/ 100

Rank 43 of 72 in Single-Stock Option Income⁠

Confidence Medium

Six-pillar profile for PLA. Scores out of 100: Cost 34, Risk 91, Mission not scored, Tradability 33, Holdings not scored, Durability 49. Strongest: Risk (91). Weakest: Tradability (33). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 40 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.

Ceiling 40 · B and A out of reach

The pillars earned48This cap took−8Published score40 Grade C

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 34
    Category rank52/72 · 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 91
    Category rank4/65 · top 6%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 33
    Category rank62/72 · bottom quartile

  • 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.
    CScore 49
    Category rank47/72 · mid-pack

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

Our read on PLA

ETF.net Research

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

  1. 01Not 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. 02Laddered and rolling: several autocallables with staggered terms, so one start date or one bad observation window does not define the whole fund.graniteshares.com
  3. 03Autocallable 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
  4. 04Fee 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

  1. 01Coupons are contingent, not fixed. Below the coupon barrier they can shrink or skip entirely, and payouts may include return of capital.graniteshares.com
  2. 02A 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
  3. 03Launched in 2026 and small since day one, with light trading. Spreads can run wider than the category's household names.

PLA Holdings

As of Sep 21, 2026, 4:07 AM
Asset class
Other
Holdings
—
Top-10 weight
100%
Largest holding
US Dollars97.7%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—US Dollars97.65%3,761,727$4M85
002—Nomura5 PLA0.57%750,000$22K1
003—Nomura4 PLA0.53%750,000$20K1
004—Nomura3 PLA0.45%750,000$18K1
005—Nomura2 PLA0.42%750,000$16K1
006—Nomura1 PLA0.36%750,000$14K1

Showing 1–6 of 6 holdings

PLA Performance

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

PLA$11,397
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. PLA $11,397. SPY $10,415. Use the arrow keys to read each point.$9,323$10,468$11,613Jun 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 PLA. Periods over one year show the average yearly return.
PeriodPLA
Year to dateFund launched this year—
1 month+1.2%
3 months+14.0%
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 PLA
YearReturn barPLA
2026 YTD+10.4%

Since listing, May 19, 2026

PLA in the news

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

PLA 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
$0.42 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. 4 payments in 2026 YTD. Jun 3, 2026 $0.42; Jul 1, 2026 $0.45; Aug 12, 2026 $0.43; Sep 9, 2026 $0.42. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
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

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.

PLA Cost

Expense ratio1.07%
  • The middle half of Single-Stock Option Income funds
  • Median 1.07%

35 of the 71 Single-Stock Option Income funds charge less.

PLA costs $107.00 a year on $10,000. The median Single-Stock Option Income fund costs $107.00.