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Launched · SEC filings

GraniteShares Autocallable TSLA ETF

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

$24.41−0.62 (−2.46%)

At close: Nov 5, 2026, 4:00 PM ET

B55/ 100

Rank 3 of 9 in Tesla (TSLA) Option Income

B55/100Rank 3 of 9inTesla (TSLA) Option Income
Intraday session: down, 79 prints from 25.03 to 24.41. Range 24.29 to 25.02. Use the arrow keys to read each point.24.6024.8010 AM12 PM2 PM4 PM
Expense ratio
1.18%*
Fund size
$7M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
1
Avg volume · 30D
4.92K sh
52W range
low $21.84high $25.62
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Dec 31, 2027. Without it: 5.14%.

The ETF.net TLA Grade

Based on 5 of 6 pillars

B

Score 55 out of 100

Category
Tesla (TSLA) Option Income⁠
Rank
3 of 9
Six-pillar profile for TLA. Scores out of 100: Cost 16, Risk 88, Mission 100, Tradability 27, Holdings not scored, Durability 51. Strongest: Mission (100). Weakest: Cost (16). Based on 5 of 6 pillars.

Score 55 of 100 falls in the B 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.
    F16 out of 100
    Rank 8 of 9

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A100 out of 100
    Rank 1 of 6

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A88 out of 100
    Rank 1 of 8

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D27 out of 100
    Rank 9 of 9

  • 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.
    C51 out of 100
    Rank 6 of 9

Our read on TLA

ETF.net Research

In short

BMost 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

  • Different engine from the crowd: single-stock autocallable options on Tesla, not the covered-call formula every other TSLA income fund in its group runs.
  • Structured-note style payoffs in an ordinary registered ETF wrapper, so no bank note, no minimums, just a ticker in a brokerage account.graniteshares.com
  • At 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%.
  • The stated goal is monthly income from those option positions, not price appreciation from holding Tesla shares.

Worth knowing

  • One name carries the whole fund. Tesla's moves drive both the income and the losses, with no diversification to cushion them.
  • Income is potential, not promised: autocallable payoffs depend on where Tesla trades against contract terms, so distributions can vary or stop.
  • A 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

Asset class
Other
Holdings
1
Top-10 weight
101%
Largest holding
US Dollars100.6%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataUS Dollars100.57%7,323,331$7.32M85

Showing 1–1 of 1 holdings

TLA Performance

Launched Feb 3, 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.
TLA$11,168
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$9,546
Aug 5, 2026 to Nov 5, 2026. TLA $11,168. SPY $9,546. Use the arrow keys to read each point.$10,000$11,000Aug 2026Sep 2026Nov 2026

Aug 5, 2026 – Nov 5, 2026

Returns run to the Nov 5, 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 yearNo data
1 month−1.7%
3 months+11.7%
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 TLA
YearReturn barTLA
2026 YTD+10.8%

Since listing, Feb 3, 2026

TLA in the news

TLA Dividends

Last payment
$0.37 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. 8 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; Oct 7, 2026 $0.37. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Oct 7, 2026Oct 9, 2026$0.37
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

Risk pillarA88 out of 100Rank 1 of 8 in Tesla (TSLA) Option Income
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.
0.55
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.

TLA Cost

Compare TLA and XVTS

Overpaying vs XVTS, cheapest in Tesla (TSLA) Option Income

$5,344

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

  • TLA 1.18%

    $21,543

  • XVTS 0.85% Cheapest

    $16,199

$10,000
30 years

Cost over time

  • TLA 1.18%
  • XVTS 0.85%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530TLA $21,543XVTS $16,199

Year by year

YearTLAXVTSOverpaying
10$2,065$1,508$557
20$7,697$5,706$1,991
30$21,543$16,199$5,344
How the 1.18% is worked out

Full fee 5.14%− waiver 3.96%= you pay 1.18%

The waiver ends Dec 31, 2027. After that the fee is 5.14% unless GraniteShares renews it. Source: prospectus, Oct 2026.

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