SCA GraniteShares Autocallable SMCI ETF
Option income on SPY, paying monthly
Since its launch on May 27, 2026, SCA paid 12.8% in cash and finished 13.2 points ahead of SPY.
Key facts
What a holder got
Over the year to Sep 11, 2026, SCA returned +15.3% with distributions reinvested and S&P 500 (SPY), used as a default proxy returned +2.1%, so a holder came out ahead of it by 13.2 points. The lighter segment is the 12.8% that arrived as cash rather than as price.
Period by period
| Window | Cash paid | Price | Total return | SPY | Ahead or behind |
|---|---|---|---|---|---|
| 3 months | 11.2% | +16.8% | +29.6% | +3.3% | +26.3 pts |
| Since launch | 12.8% | +0.7% | +15.3% | +2.1% | +13.2 pts |
When SCA pays
SCA pays monthly. The last distribution was $0.7933 a share, which went ex on Sep 9, 2026 and was paid on Sep 11, 2026. The next has not been declared. On its own cadence of about 28 days the ex-date falls near Oct 7, 2026; that date is an ETFIQ projection, not the issuer’s.
| Ex-date | Pay date | Amount | Basis |
|---|---|---|---|
| Oct 7, 2026 | Oct 9, 2026 | $0.7933 | ETFIQ projection from the fund’s own cadence |
Every distribution ETFIQ holds for SCA (4, most recent first)
| Ex-date | Amount |
|---|---|
| Sep 9, 2026 | $0.7933 |
| Aug 12, 2026 | $0.8104 |
| Jul 1, 2026 | $0.8295 |
| Jun 3, 2026 | $0.8037 |
Every income ETF going ex-dividend in the next fortnight
In plain words
Since it launched on May 27, 2026, SCA has returned +15.3% with distributions reinvested, against +2.1% for S&P 500 (SPY), used as a default proxy, and has paid out 12.8% of its starting value in cash along the way. It pays monthly, and at its current price the latest distribution annualizes to 37.4%. No Rule 19a-1 notice has been published for this fund, so there is no issuer estimate of how much of its distributions was a return of capital.
| Strategy | option income |
|---|---|
| Benchmark | S&P 500 (SPY), used as a default proxy (proxy) |
| Pays | monthly |
| Net assets (source, as filed for Jun 30, 2026) | $864,882 |
| Latest payout, annualized (ETFIQ) | 37.4% |
| Expense ratio | not read by ETFIQ |
| Cash paid, last 12 months, over today’s price (ETFIQ) | 12.7% |
| Launched | May 27, 2026 |
| Pays | monthly |
| Typical gap between ex-dates | 28 days |
| Typical wait from ex-date to payment | 2 days |
| Last paid, per share | $0.7933 ex Sep 9, 2026 |
| Sum of the last 4 distributions | $3.2368 |
Every figure is an ETFIQ calculation from exchange prices and cash distributions (Tiingo end-of-day), total return with distributions reinvested. Return of capital is the issuer’s estimate. How these figures are computed
Questions people ask
- How much has SCA paid over the last year?
- Over the period from its launch on May 27, 2026 to Sep 11, 2026, SCA paid 12.8% of its starting price in cash distributions, while the price rose 0.7%.
- Is SCA ahead of SPY?
- Over the period from its launch on May 27, 2026 to Sep 11, 2026, with every distribution reinvested, SCA returned +15.3% against +2.1% for S&P 500 (SPY), used as a default proxy, so a holder was ahead of it by 13.2 points.
- How often does SCA pay, and how much?
- SCA pays monthly. The latest distribution annualizes to 37.4% at its price on Sep 11, 2026, which is not a promise; the next one can differ.
- When does SCA next pay a distribution?
- SCA pays monthly. The last distribution went ex on Sep 9, 2026 at $0.7933 a share. The next is not declared; on a cadence of about 28 days the ex-date falls near Oct 7, 2026, which is an ETFIQ projection. Payment usually follows the ex-date by 2 days.
The words on this page
- Total return
- What a holder actually ended up with: price change plus every distribution, reinvested. The only figure that answers whether you came out ahead.
- Cash paid
- Distributions over the window as a share of what the fund cost at the start. A measure of cash delivered, not of return: a fund can pay a great deal and still lose money.
- Ahead or behind
- The fund’s total return minus the benchmark’s over exactly the same days, in percentage points. Both sides reinvest.
- Return of capital
- The issuer’s own estimate, in a Rule 19a-1 notice, of how much of a distribution was your own money returned. An estimate and a tax characterization, not a measure of erosion.
- Covered call
- Selling call options on shares the fund holds. It collects a premium and gives up the gains above the strike, which is why these funds pay well and lag a rising market.
Every term used here, defined in full on the income ETFs vocabulary page.
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
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Cite this page. ETFIQ, SCA, income ETFs, data as of Sep 11, 2026. https://etfiq.com/funds/SCA Free to use with attribution; the underlying files are at Open data.