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TLA

GradeCNASDAQ Global Market

GraniteShares Autocallable TSLA 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.

$24.87+0.06 (+0.26%)

As of Sep 23, 2026, 3:06 PM EDT

History starts Feb 3, 2026.History starts Feb 3, 2026.
Intraday session: up, 23 prints from 24.81 to 24.87. Range 24.75 to 25.02. Use the arrow keys to read each point.$24.80$25.0010 AM12 PM2 PM4 PM
Expense ratio
1.07%
Fund size
$5M
1Y return
—
Yield · Last 12 months
Data unavailable
Holdings
6
Volume · 30D
0M sh
NAV per share
$24.66
52W range
low $21.84high $25.35

The ETF.net TLA Grade

C

40/ 100

Rank 7 of 9 in Tesla (TSLA) Option Income⁠

Confidence Medium

Six-pillar profile for TLA. Scores out of 100: Cost 41, Risk 87, Mission not scored, Tradability 24, Holdings not scored, Durability 50. Strongest: Risk (87). Weakest: Tradability (24). 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.
    CScore 41
    Category rank5/9 · 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 87
    Category rank1/8 · top 13%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 24
    Category rank7/9 · 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 50
    Category rank6/9 · mid-pack

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

Our read on TLA

ETF.net Research

CMost Tesla income ETFs run the same covered-call playbook. TLA runs autocallables instead: structured-payoff options on Tesla, aiming for monthly income inside a plain 1940 Act fund. A 2026 launch, and the only autocall build in its peer group.

Stated mandate

The Fund seeks potential monthly income through a portfolio of single-stock autocallable options linked to Tesla's performance.

Why people hold it

  1. 01Different engine from the crowd: single-stock autocallable options on Tesla, not the covered-call formula every other TSLA income fund in its group runs.
  2. 02Structured-note style payoffs in an ordinary registered ETF wrapper, so no bank note, no minimums, just a ticker in a brokerage account.graniteshares.com
  3. 03At a 1.07% expense ratio it sits mid-pack among TSLA income funds, and roughly a third the cost of the group's priciest, TSYY at 3.11%.
  4. 04The stated goal is monthly income from those option positions, not price appreciation from holding Tesla shares.

Worth knowing

  1. 01One name carries the whole fund. Tesla's moves drive both the income and the losses, with no diversification to cushion them.
  2. 02Income is potential, not promised: autocallable payoffs depend on where Tesla trades against contract terms, so distributions can vary or stop.
  3. 03A 2026 launch that is still small and lightly traded. Limit orders are worth using here, and there is little live track record to judge.

TLA Holdings

As of Sep 21, 2026, 4:08 AM
Asset class
Other
Holdings
6
Top-10 weight
102%
Largest holding
US Dollars101.6%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—US Dollars101.63%4,223,099$4M85

Showing 1–1 of 1 holdings

TLA Performance

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

TLA$10,515
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. TLA $10,515. SPY $10,415. Use the arrow keys to read each point.$8,842$9,741$10,639Jun 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 TLA. Periods over one year show the average yearly return.
PeriodTLA
Year to dateFund launched this year—
1 month+3.2%
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 TLA
YearReturn barTLA
2026 YTD+11.0%

Since listing, Feb 3, 2026

TLA in the news

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

TLA 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
$0.38 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 $0.40; Apr 1, 2026 $0.39; May 6, 2026 $0.41; Jun 3, 2026 $0.39; Jul 1, 2026 $0.41; Aug 12, 2026 $0.39; Sep 9, 2026 $0.38. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 9, 2026Sep 11, 2026$0.38
Aug 12, 2026Aug 14, 2026$0.39
Jul 1, 2026Jul 6, 2026$0.41
Jun 3, 2026Jun 5, 2026$0.39
May 6, 2026May 8, 2026$0.41
Apr 1, 2026Apr 6, 2026$0.39
Mar 4, 2026Mar 6, 2026$0.40

TLA 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.
0.56
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.

TLA Cost

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

4 of the 9 Tesla (TSLA) Option Income funds charge less.

TLA costs $107.00 a year on $10,000. The median Tesla (TSLA) Option Income fund costs $107.00.