IACL GraniteShares US 100 Autocallable Income ETF

$25.07
−0.1% · 1 day, price
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Fund card

<iframe src="https://etfiq.com/embed/fund/iacl/" title="ETFIQ IACL analysis" width="100%" height="420" loading="lazy" style="border:0;max-width:600px"></iframe>
<p>Data: <a href="https://etfiq.com/funds/iacl">ETFIQ IACL analysis</a></p>

Daily flows

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<p>Data: <a href="https://etfiq.com/funds/iacl">ETFIQ IACL fund flows</a></p>

How to embed ETFIQ charts

Since launch in Aug 2026, IACL paid 1.6% in cash and returned 1.8% in total.

Total return since launch
+1.8%to Nov 12, 2026
Expense ratio
0.55%a year
Net assets
$1.3mon Nov 11, 2026
Net flow, latest day
$0daily basis to Nov 11, 2026
Autocallable, paying monthlyGraniteShares ↗Expense ratio 0.55%Fund assets $1.3m on Nov 11, 2026First traded Aug 18, 2026Benchmark Not setFund page at the issuer ↗SEC filings ↗Every GraniteShares fund ETFIQ coversDividend history

Promise check: Not measured

Growth of $10,000

IACL, since Aug 2026

Total return, distributions reinvested, Aug 18, 2026 to Nov 12, 2026. No second line: no ETF prices its benchmark.

IACL $10,185 +1.8%Returns from daily closes. Data
Scorecard · vs

IACL risk and return scorecard

vs its benchmark

Not measured: ETFIQ sets no benchmark for it.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data

Net fund flows · daily basis · as of Nov 11, 2026

Money in and out

Latest day
$0
N-PORT monthly basis
Since Nov 2026
−$3.4m
N-PORT monthly basis
In on 0 days, out on 1. 61 days missing.
Total return

What you earned

IACL +0.4%: total return over one month to Nov 12, 2026.
$10,000 in IACL would be $10,040, over one month to Nov 12, 2026.
IACL+0.4%
Paid 0.5% in cash. Price −0.1%.
IACL +1.8%: total return since launch to Nov 12, 2026.
$10,000 in IACL would be $10,180, since launch to Nov 12, 2026.
IACL+1.8%
Paid 1.6% in cash. Price +0.2%.
Fees over time · hypothetical
Fees paid
$537
Of the amount
5.4%

At IACL’s 0.55% a year, taken each year from the amount after growth. Hypothetical.

First traded Aug 18, 2026

What can be shown yet

1.6%
Cash paid, since launch, on its starting price
+1.8%
Total return, since launch
not set
Benchmark
99.0%
Return of capital, latest payout (GraniteShares estimate)
$0.1202
Last payment (paid monthly), ex-date Nov 12, 2026
IACL has traded for 86 days. Numbers that need a year of prices are not shown yet.
Shown now
Net assets$1.3m
Latest payout, annualized5.8%
Expense ratio0.55%
First tradedAug 18, 2026
Not yet
One-year returnfrom Aug 18, 2027
Three-year returnfrom Aug 18, 2029

12 committee seats read IACL on data as of Nov 12, 2026: 0 Supports, 0 Mixed, 4 Challenges, 8 without enough data.

0 Supports0 Mixed4 Challenges8 Not enough data
  • Bogle
  • Graham
  • Buffett & Munger
  • Lynch
  • Templeton
  • Dalio
  • Marks
  • Druckenmiller
  • Swensen
  • Wood
  • Livermore
  • Skeptic

Watch the committee read IACL How the committee works

12 seats on IACL, as of Nov 12, 2026: 4 Challenges, 8 Not enough data.

In the tradition ofJohn BogleBogle-style Low CostChallenges
In the tradition ofBenjamin GrahamGraham-style Margin of SafetyNot enough data
In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityNot enough data
In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceNot enough data
In the tradition ofJohn TempletonTempleton-style Global ContrarianNot enough data
In the tradition ofRay DalioDalio-style All-WeatherNot enough data
In the tradition ofHoward MarksMarks-style Cycles & RiskNot enough data
In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityChallenges
In the tradition ofDavid SwensenSwensen-style DiversificationChallenges
In the tradition ofCathie WoodWood-style Disruptive InnovationNot enough data
In the tradition ofJesse LivermoreLivermore-style Trend FollowingNot enough data
Uses ETFIQ’s measuresETFIQ SkepticETFIQ’s own seatChallenges
Put IACL to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Risk Officer

Risk check

What to look at before you hold IACL. Not advice.

As of Nov 13, 2026, IACL crossed 2 of 5 ETFIQ risk lines.

OverlapNot publishedNot published
Trading costNot publishedNot published
Premium or discount95% of days within ±1.0704% of NAV, 1 day over 1%, Oct 26, 2026 to Nov 11, 202695% of days within ±1.0704% of NAV over 2026-10-26 to 2026-11-11, at or past ±1%.1 day with a premium or discount over 1% in 2026-10-26 to 2026-11-11.Flag
Return of capital99.1% of distributions, Sep 11, 2026 to Sep 11, 202699.1% of distributions were return of capital from 2026-09-11 to 2026-09-11, at or above 50%.Flag
ClosureNo closure flagClear

Lines and sources: Method. Check several funds at once on My Portfolio.

More on IACL

Every number below is on this page. Open what you need.

IACL flows, by email on Sundays.

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Price since launch, Aug 18, 2026

$25.07−0.1%1 day, priceClose, Nov 12, 2026

Price only. Total return over the same days, distributions reinvested, was +1.8%. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Nov 12, 2026. Updated every trading night. Report a data error

IACL returns by window: total return, cash paid and price change
WindowTotal returnCash paidPrice
1M Oct 13 – Nov 12, 2026+0.4%0.5%−0.1%
Since launch Aug 18 – Nov 12, 2026+1.8%1.6%+0.2%

Total returns, distributions reinvested. Listed Aug 2026: no 3 months, 6 months, year to date, 1 year and 3 years windows.

Source: Tiingo end-of-day prices, with distributions reinvested.

Money in and out

Daily data · as of Nov 11, 2026

IACL: in the 4 trading days to Nov 11, 2026, net $3.4m went out.

1D
$0
0.0% of $1.3m on Nov 10, 2026
Nov 11, 2026
Since Nov 2026
−$3.4m
Nov 6, 2026 to Nov 11, 2026
Net flow each trading day
Net flow into IACL each trading day, Aug 12, 2026 to Nov 11, 2026−$3.4mmonthly, from SEC filingsdaily, from GraniteShares+$3.4m−$3.4mAug 12, 2026Nov 11, 2026

IACL, net flow each trading day over the 65 sessions from Aug 12, 2026 to Nov 11, 2026: money came in on 0 days and went out on 1 day, of the 4 days with daily data; the other 61 have none. Before Nov 6, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.

In on 0 days, out on 1. 61 days missing.

Net flow into IACL each trading day, Nov 12, 2025 to Nov 11, 2026−$3.4mmonthly, from SEC filingsdaily, from GraniteShares+$3.4m−$3.4mNov 12, 2025Nov 11, 2026

IACL, net flow each trading day over the 251 sessions from Nov 12, 2025 to Nov 11, 2026: money came in on 0 days and went out on 1 day, of the 4 days with daily data; the other 247 have none. Before Nov 6, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.

In on 0 days, out on 1. 247 days missing.

Net flow into IACL each trading day, Apr 10, 2025 to Nov 11, 2026−$3.4mmonthly, from SEC filingsdaily, from GraniteShares+$3.4m−$3.4mApr 10, 2025Nov 11, 2026

IACL, net flow each trading day over the 400 sessions from Apr 10, 2025 to Nov 11, 2026: money came in on 0 days and went out on 1 day, of the 4 days with daily data; the other 396 have none. Before Nov 6, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.

In on 0 days, out on 1. 396 days missing.

Money in, netMoney out, netMonthly basis

Daily data starts Nov 6, 2026.

How this is computed

Computed by ETFIQ from GraniteShares’s daily data: each day’s change in shares outstanding times the previous day’s net asset value. Percentages are of net assets at the start of each window. Numbers are net: money in less money out. Every day and month ETFIQ holds for IACL, back to Nov 2026, is in its flows file. Flows across every fund · How these flows are computed · Compare IACL with other funds in the flows tool

Every trading day, last 3 months4 days
Nov 11, 2026 $0
Nov 10, 2026 $0
Nov 9, 2026 $0
Nov 6, 2026 −$3.4m

Most recent first.

Week by week, last year2 weeks
Nov 11, 2026 $0 3 days
Nov 6, 2026 −$3.4m 1 day

Net flow into IACL each week, Nov 6, 2026 to Nov 11, 2026, most recent first, each week named by its last trading day with data. Computed by ETFIQ.

Month by month, money in and money outNov 2026

IACL, net flow each month from Nov 2026 to Nov 2026: money came in in 0 months and went out in 1 month.

MonthInOutNet
Nov 2026 ETFIQ, the sum of its days, Nov 6 to Nov 11$0−$3.4m−$3.4m

Most recent first.

How this is computed

Months summed from daily data: money in adds the days money came in; money out adds the days it went out.

N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily data; the Source column names any missing day.

Source: ETFIQ, from the fund’s daily share counts and net asset values, and its SEC N-PORT filings. Data as of Nov 11, 2026. Last checked Nov 13, 2026.

IACL key stats

High since Aug 18, 2026, daily closes to Nov 12, 2026 (ETFIQ)$25.27 on Oct 5, 2026
Low since Aug 18, 2026, daily closes to Nov 12, 2026 (ETFIQ)$24.46 on Nov 6, 2026
Close on Nov 12, 2026, within that range (ETFIQ)$25.07, 76% of the way from the low to the high
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

IACL return of capital and tax

Return of capital, latest notice (GraniteShares estimate, Sep 11, 2026)99.1%
Return of capital, distributions paid Sep 11, 2026 to Sep 11, 2026 (GraniteShares estimates)99.1%
Notices behind that number1 of 3 distributions
Return of capital, annual reportnot yet filed
Estimates are GraniteShares’s Rule 19a-1 notices, made before the fund year closes. Not tax advice. What a 19a-1 estimate is · Income ETFs by return of capital

Trading

as of Nov 11, 2026
Trading · IACLas of Nov 11, 2026
·
Not scored0 of 6 measured · Nov 11, 2026
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant
Cost for your order · one way, half its 30-day median spread
Premium or discount to NAV, Nov 11 close−0.02%
−1.4%95% of days within ±1.07%+1.4%
How to tradeSpread not read.
Full trading page: components, premium history, dealers →

IACL for holders outside the US

US tax withheld on dividends, no treaty30%
Treaty rates on dividends (IRS table, read Oct 30, 2026)65 countries, 10% to 30%
IACL interest-related and short-term gain dividendsnot read by ETFIQ
US estate tax filing threshold, non-resident holders$60,000
Share classDistributing

IACL is a US fund. Stock of US corporations counts as US property for a non-resident's estate. Facts from the IRS, not tax advice. How withholding and treaties work
$0.11
$0.18
$0.12
Sep 2026Monthly, per shareNov 2026
Latest
$0.1202
Ex Nov 12, 2026 · paid about 2 days later
Annualized
5.8%
At its price on Nov 12, 2026
Since launch, Aug 18, 2026, at today’s price
1.6%
3 payments, ex Sep 9, 2026 to Nov 12, 2026: $0.4047
Return of capital
99.0%
Latest payout (GraniteShares estimate)
Next, projected

IACL pays monthly. The last distribution was $0.1202 a share, which went ex on Nov 12, 2026, with payment about 2 days later. The next has not been declared. On its own cadence of about 32 days the ex-date falls near Dec 14, 2026; that date is an ETFIQ projection, not the issuer’s.

Dec 14, 2026 · pay Dec 16, 2026$0.1202 ETFIQ projection

Expected distributions for IACL. A projected row carries the fund’s own spacing forward from its last ex-date, at the last amount paid. Neither is an issuer statement. Source: ETFIQ.

Every distribution ETFIQ holds for IACL (3, most recent first)
Nov 12, 2026$0.1202
Oct 7, 2026$0.1789
Sep 9, 2026$0.1056

Cash distributions per share for IACL. Source: ETFIQ from Tiingo end-of-day distributions.

Source: ETFIQ, from Tiingo end-of-day distributions.

About IACL

Strategyautocallable
BenchmarkNot set
How the benchmark is set (ETFIQ)ETFIQ sets no benchmark for it. IACL has no published holdings, and its prospectus names no one reference, so none could be read.
Paysmonthly
Net assets (issuer page, as of Nov 11, 2026)$1.3mReport
Latest payout, annualized (ETFIQ)5.8%
Expense ratio (497 XBRL, Aug 10, 2026)0.55%Report
Cash paid, since launch, Aug 18, 2026, over today’s price (ETFIQ)1.6%
First tradedAug 18, 2026
Return of capital, latest distribution (GraniteShares 19a-1 estimate)99.0%
Paysmonthly
Typical gap between ex-dates32 days
Typical wait from ex-date to payment2 days
Last paid, per share$0.1202 ex Nov 12, 2026
Cash paid in the 12 months to Nov 12, 2026, 3 distributions, ex Sep 9, 2026 to Nov 12, 2026$0.4047
Promise checkNot measured. It paid no cash over a year, or since a launch at least six months back.
How we measure
Every number 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. Method

Questions people ask about IACL

How much has IACL paid since it launched?
Over the period from its first trade on Aug 18, 2026 to Nov 12, 2026, IACL paid 1.6% of its starting price in cash distributions, while the price rose 0.2%.
How often does IACL pay, and how much?
IACL pays monthly. The latest distribution annualizes to 5.8% at its price on Nov 12, 2026, which is not a promise; the next one can differ.
Is the IACL distribution return of capital?
GraniteShares estimates 99% of the distribution paid Sep 11, 2026 was return of capital. That is a tax characterization from the fund's own 19a-1 notice, not a measure of erosion.
When does IACL next pay a distribution?
IACL pays monthly. The last distribution went ex on Nov 12, 2026 at $0.1202 a share. The next is not declared; on a cadence of about 32 days the ex-date falls near Dec 14, 2026, which is an ETFIQ projection. Payment usually follows the ex-date by 2 days.
What does IACL cost?
The prospectus expense ratio is 0.55% a year.
How much of IACL’s distribution is return of capital?
GraniteShares’s Rule 19a-1 notice estimates 99.1% of the distribution paid Sep 11, 2026 was return of capital. Across its notices for distributions paid Sep 11, 2026 to Sep 11, 2026, the estimate is 99.1%. Estimates come before the fund year closes and often change.
Sources and dates
Prices, IACLTiingo end-of-day · Nov 12, 2026
Net assets, $1.3mIssuer page · Nov 11, 2026
DistributionsTiingo end-of-day · 3 payments

Links are sources, not endorsements.

Cite this pageCitation, APA and Markdown

ETFIQ, IACL, income ETFs, data as of Nov 12, 2026. https://etfiq.com/funds/iacl

The payout bar for IACL, redrawn every trading night.

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

Price change plus every distribution reinvested on the day it went ex-dividend. This is what you actually ended up with, and the only fair basis for comparing with an index.
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.
Total return minus benchmark total return, in percentage points. A fund can pay 12% a year and still be behind by 10 points if its price fell while the index rose.
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.
The fund owns the stocks and sells call options on them, collecting premium and giving up gains above the strike. Synthetic covered call funds hold options instead of the stocks. 0DTE funds sell options that expire the same day.
A fund that pays a coupon and can be called away early, on dates set when it launched. If it is called, you get your money back with the coupon and the run ends. If it is not, it runs on to the next date.
The level the underlying has to stay above for you to be repaid in full. A barrier is not a buffer. A buffer takes the first slice of a fall for you; a barrier takes none of it once it breaks, so below it you take the whole fall rather than only the part past it.
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IACL: IACL since launch: paid 1.6%, price +0.2%, total +1.8%, not measured against a benchmark. Data to Nov 12, 2026.
<figure style="margin:0;max-width:640px">
<iframe src="https://etfiq.com/embed/income/iacl/" title="IACL: IACL since launch: paid 1.6%, price +0.2%, total +1.8%, not measured against a benchmark. Data to Nov 12, 2026." width="640" height="370" loading="lazy" style="border:0;max-width:100%;width:100%"></iframe>
<figcaption style="font:13px/1.5 sans-serif">IACL: IACL since launch: paid 1.6%, price +0.2%, total +1.8%, not measured against a benchmark. Data to Nov 12, 2026. Data: <a href="https://etfiq.com/funds/iacl">ETFIQ</a></figcaption>
</figure>

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Snapshot, Nov 12, 2026. More on the tabs above.