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SCA

GradeDNASDAQ Global Market

Graniteshares Autocallable Smci ETF

Single-stock strategy · Option Income · GraniteShares · Inception 2026-05-27 · 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.

$25.88+0.13 (+0.50%)

As of Sep 23, 2026, 2:11 PM EDT

History starts May 27, 2026.History starts May 27, 2026.History starts May 27, 2026.
Intraday session: up, 18 prints from 25.75 to 25.88. Range 25.74 to 25.97. Use the arrow keys to read each point.$25.75$25.80$25.85$25.9510 AM12 PM2 PM4 PM
Expense ratio
1.07%
Fund size
$2M
1Y return
—
Yield · Last 12 months
Data unavailable
Volume · 30D
0M sh
NAV per share
$25.65
52W range
low $18.08high $26.81

The ETF.net SCA Grade

D

36/ 100

Rank 54 of 72 in Single-Stock Option Income⁠

Confidence Medium

Six-pillar profile for SCA. Scores out of 100: Cost 34, Risk 63, Mission not scored, Tradability 14, Holdings not scored, Durability 42. Strongest: Risk (63). Weakest: Tradability (14). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 36 of 100 sits in the D 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 earned37This cap took−0Published score36 Grade D

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 34
    Category rank57/72 · bottom quartile

  • 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.
    BScore 63
    Category rank22/65 · top 34%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 14
    Category rank67/72 · 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 42
    Category rank54/72 · bottom quartile

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

Our read on SCA

ETF.net Research

DAutocallables have mostly lived inside bank-issued structured notes. SCA puts that payoff on Super Micro Computer in an ETF wrapper: a laddered book of contracts with coupon barriers, early-call triggers and limited downside protection, priced and traded daily.

Stated mandate

The Fund seeks to generate income through a portfolio of autocallable instruments linked to Super Micro Computer, Inc., with limited downside protection.

Why people hold it

  1. 01Autocallable income used to arrive as a bank-issued note. GraniteShares brought the structure to US-listed ETFs in 2026, with daily pricing and exchange trading.graniteshares.comgraniteshares.com
  2. 02Holds a ladder of autocallables on one stock at staggered barriers and observation dates, so one bad observation doesn't switch off the entire coupon stream.graniteshares.comgraniteshares.com
  3. 03Fee of 1.07% sits right at the middle of its single-stock options-income peer group, and the fund handles barrier monitoring, rolling and reinvestment internally.graniteshares.com
  4. 04Targets monthly distributions, with a maturity barrier that defines a band of downside protection before stock losses pass through.graniteshares.com

Worth knowing

  1. 01Coupons are contingent, not fixed: if the stock sits below the coupon barrier on an observation date, no coupon is paid for that period.graniteshares.com
  2. 02Below the maturity barrier, the stock's full downside passes through, while early calls end future coupons. Income first, not equity upside.graniteshares.com
  3. 03Launched in 2026 and thinly traded since, so short history and bid-ask spreads matter. The covered-call route on the same stock (SMCY) charges 1.01%.

SCA Holdings

As of Sep 21, 2026, 4:08 AM
Asset class
Stocks
Holdings
—
Top-10 weight
100%
Largest holding
US Dollars98.7%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—US Dollars98.67%1,757,738$2M85
002—Nomura2 SCA0.30%350,000$5K1
003—Nomura1 SCA0.29%350,000$5K1
004—Nomura4 SCA0.26%350,000$5K1
005—Nomura5 SCA0.25%350,000$4K1
006—Nomura3 SCA0.24%350,000$4K1

Showing 1–6 of 6 holdings

SCA Performance

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

SCA$12,013
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. SCA $12,013. SPY $10,415. Use the arrow keys to read each point.$7,584$9,977$12,371Jun 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 SCA. Periods over one year show the average yearly return.
PeriodSCA
Year to dateFund launched this year—
1 month+7.1%
3 months+20.1%
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 SCA
YearReturn barSCA
2026 YTD+16.6%

Since listing, May 27, 2026

SCA in the news

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

SCA 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
$0.79 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 $0.80; Jul 1, 2026 $0.83; Aug 12, 2026 $0.81; Sep 9, 2026 $0.79. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 9, 2026Sep 11, 2026$0.79
Aug 12, 2026Aug 14, 2026$0.81
Jul 1, 2026Jul 6, 2026$0.83
Jun 3, 2026Jun 5, 2026$0.80

SCA 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.
1.57
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.

SCA 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.

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