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Launched · SEC filings

GraniteShares Autocallable TSLA ETF

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

$24.87+0.03 (+0.12%)

At close: Oct 13, 2026, 4:00 PM

C40/ 100

Rank 3 of 9 in Tesla (TSLA) Option Income

C40/100Rank 3 of 9inTesla (TSLA) Option Income
Intraday session: up, 48 prints from 24.84 to 24.87. Range 24.82 to 24.97. Use the arrow keys to read each point.24.8224.9024.9324.9524.9810 AM12 PM2 PM4 PM
Expense ratio
1.07%
Fund size
$6M
1Y total return
—
Yield · Last 12 months
Data unavailable
Holdings
3
Avg volume · 30D
0M sh
NAV per share
$24.84
52W range
low $21.84high $25.35
Launched
Filings
SEC EDGAR

The ETF.net TLA Grade

Based on 4 of 6 pillars

C

Score 40 out of 100

Category
Tesla (TSLA) Option Income⁠
Rank
3 of 9
Six-pillar profile for TLA. Scores out of 100: Cost 41, Risk 88, Mission not scored, Tradability 31, Holdings not scored, Durability 54. Strongest: Risk (88). Weakest: Tradability (31). Based on 4 of 6 pillars.

Score 40 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.

Very small fund, grade capped at C.

The cap holds the Score at 40 or below, so B and A are out of reach.

The pillars earned
50
This cap took
−10
Published Score
40 Grade C

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C41 out of 100
    Rank 5 of 9

  • 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.
    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.
    D31 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.
    C54 out of 100
    Rank 6 of 9

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 Oct 13, 2026
Asset class
Other
Holdings
3
Top-10 weight
100%
Largest holding
US Dollars100.2%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—US Dollars100.17%6,967,855$7M85
002—Nomura1 TLA0.04%1,397,000$3K1
003—Nomura3 TLA0.01%1,397,000$1K1

Showing 1–3 of 3 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$10,606
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. TLA $10,606. SPY $10,332. Use the arrow keys to read each point.$8,755$9,778$10,800Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – Oct 12, 2026

Returns run to the Oct 12, 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+3.6%
3 months+6.1%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper 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+12.8%

Since listing, Feb 3, 2026

TLA in the news

Filtered to TLA · Tesla (TSLA) Option Income

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

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.

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.

Other funds in Tesla (TSLA) Option Income

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