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PLA GraniteShares Autocallable PLTR ETF

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$25.43
+0.7% · 1 day, price
IQ’s readingComputed nightly from ETFIQ data. Not written live.

Since launch in May 2026, PLA paid 8.6% in cash and returned 10.5% in total, against 26.9% for PLTR.

Why did PLA return +7.5% from May 2026 to Oct 2026, against PLTR’s +17.6%?What can PLA’s first months tell me?What does PLA cost to hold and to trade?
Autocallable on PLTR, paying monthlyGraniteShares ↗Expense ratio 1.18%Fund assets $6.4m on Nov 3, 2026First traded May 19, 2026Benchmark Palantir (PLTR)Fund page at the issuer ↗SEC filings ↗Every GraniteShares fund ETFIQ coversDividend history

Promise check: Not measuredIt paid no cash over a year, or since a launch at least six months back.

Compare with…Trading costsPut to the committeeaskIQ about PLAAdd to portfolioFlowsAlerts

PLA risk and return scorecard

vs PLTR · May 2026 to Oct 2026 · 22 weekly returns · dividend-adjusted

Short history · 5 months
PLA +7.5%, PLTR +17.6%, May 2026 to Oct 2026, distributions reinvested.

22 weekly returns: annualized numbers and ratios need 52.

Return
MeasurePLAPLTREdge
Total return+7.5%+17.6%PLTR
Price return−1.3%+17.6%PLTR
Risk
MeasurePLAPLTREdge
Max drawdown−8.8%−27.9%PLA
Alpha vs PLTR
MeasurePLAPLTREdge
Beta to PLTR0.231.00Lower beta

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

Money in and out

Net fund flows · Jun 30, 2026
Since May 2026
+$2.3m
askIQ: what do these flows mean? ↗

What you earned

PLA −0.4%, PLTR −9.3%: total return over one month to Nov 4, 2026.
PLA−0.4%
PLTR−9.3%
Paid 1.6% in cash. Price −2.0%.
PLA +3.5%, PLTR +8.4%: total return over three months to Nov 4, 2026.
PLA+3.5%
PLTR+8.4%
Paid 4.9% in cash. Price −1.4%.
PLA +10.5%, PLTR +26.9%: total return since launch to Nov 4, 2026.
PLA+10.5%
PLTR+26.9%
Paid 8.6% in cash. Price +1.5%.
askIQ: why did PLA return +10.5% since launch, against PLTR’s +26.9%? ↗

What can be shown yet

First traded May 19, 2026
8.6%
Cash paid, since launch, on its starting price
Report
+10.5%
Total return, since launch
Report
−16.4 pts
Against PLTR
Report
0.5%
Return of capital, latest payout (GraniteShares estimate)
Report
$0.42
Last payment (paid monthly), ex-date Oct 7, 2026
Report
PLA has traded for 169 days. Numbers that need a year of prices are not shown yet.
Shown now
Net assets$6.4m
Latest payout, annualized19.8%
Expense ratio1.18%
Cash paid, since launch, May 19, 2026, over today’s price8.4%
Not yet
One-year returnfrom May 19, 2027
Three-year returnfrom May 19, 2029
askIQ: what can PLA’s first months tell me? ↗

More on PLA

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Price and total return since launch, May 19, 2026

$25.43+0.7%1 day, priceClose, Nov 4, 2026

Total return adds every distribution, reinvested. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Nov 4, 2026. Updated every trading night. Report a data error

PLA returns by window: total return, cash paid and price change
WindowTotal returnCash paidPricePLTRAhead or behind
1M Oct 5 – Nov 4, 2026−0.4%1.6%−2.0%−9.3%+8.9 pts
3M Aug 5 – Nov 4, 2026+3.5%4.9%−1.4%+8.4%−4.9 pts
Since launch May 19 – Nov 4, 2026+10.5%8.6%+1.5%+26.9%−16.4 pts

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

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

Where the return came from
Price change −2.0%Cash paid +1.6%, reinvested+8.9 pts vs PLTR

67.0%

Price change −1.4%Cash paid +4.9%, reinvested−4.9 pts vs PLTR

0.0%

Price change +1.5%Cash paid +8.6%, reinvested−16.4 pts vs PLTR

Money in and out

Monthly data · as of Jun 30, 2026

PLA: in the month to Jun 30, 2026, nothing net moved, by its SEC filing.

Since May 2026
+$2.3m
May 1, 2026 to Jun 30, 2026
monthly, from SEC filings

Computed by ETFIQ from the monthly sales and redemptions PLA files with the SEC on Form N-PORT.

How this is computed

ETFIQ reads no daily data for this fund, so its flows are monthly, and the latest month filed is Jun 2026. Every day and month ETFIQ holds for PLA, back to May 2026, is in its flows file. Flows across every fund · How these flows are computed · Compare PLA with other funds in the flows tool

Month by month, money in and money outMay 2026 to Jun 2026

PLA, money in and money out each month from May 2026 to Jun 2026: two bars a month, money in above the line and money out below. Every bar is from PLA’s SEC filings (N-PORT item B.6). Of the 2 months listed, money came in on net in 1 and went out in 0.

Every bar is from PLA’s SEC filings (N-PORT item B.6). Of the 2 months listed, money came in on net in 1 and went out in 0.

MonthInOutNet
Jun 2026 SEC Form N-PORT$0$0$0
May 2026 SEC Form N-PORT+$2.3m$0+$2.3m

Most recent first.

How this is computed

N-PORT months: money in is sales plus reinvestments; money out is redemptions.

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 SEC N-PORT filings. Data as of Jun 30, 2026. Updated when the fund files its next report.

PLA key stats

High since May 19, 2026, daily closes to Nov 4, 2026 (ETFIQ)$26.84 on Aug 4, 2026
Low since May 19, 2026, daily closes to Nov 4, 2026 (ETFIQ)$22.63 on Jun 25, 2026
Close on Nov 4, 2026, within that range (ETFIQ)$25.43, 67% of the way from the low to the high
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

PLA return of capital and tax

Return of capital, latest notice (GraniteShares estimate, Sep 11, 2026)0.5%
Return of capital, distributions paid Aug 14, 2026 to Sep 11, 2026 (GraniteShares estimates)2.0%
Notices behind that number2 of 5 distributions
Return of capital, fiscal year to Jun 30, 2026 (annual report, filed Sep 4, 2026)100.0%
Options it writes (holdings as of Jun 30, 2026)Option exposure through swaps or notes, not listed options
Estimates are GraniteShares’s Rule 19a-1 notices, made before the fund year closes. The fiscal year number is the annual report’s tax character. Not tax advice. What a 19a-1 estimate is · Income ETFs by return of capital

Trading

as of Nov 4, 2026
Trading · PLAas of Nov 4, 2026
·
Not scored2 of 6 measured · Nov 4, 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 3 close−1.03%
−1.5%95% of days within ±1.12%+1.5%
How to tradeSpread not read.
Full trading page: components, premium history, dealers →

PLA 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%
PLA interest-related and short-term gain dividendsnot read by ETFIQ
US estate tax filing threshold, non-resident holders$60,000
Share classDistributing

PLA 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
Jun 2026Monthly, per shareOct 2026

5 distributions for PLA, $0.4185 to $0.4522 a share and $0.4209 in the middle, Jun 3, 2026 to Oct 7, 2026. 1 further ex-date is expected with no amount the issuer has declared, so it is not drawn.

Latest
$0.42
Ex Oct 7, 2026 · paid about 2 days later
Annualized
19.8%
At its price on Nov 4, 2026
Since launch, May 19, 2026
8.4%
5 payments, ex Jun 3, 2026 to Oct 7, 2026: $2.143
Return of capital
0.5%
Latest payout (GraniteShares estimate)
Next, projected

PLA pays monthly. The last distribution was $0.42 a share, which went ex on Oct 7, 2026, with payment about 2 days later. The next has not been declared. On its own cadence of about 28 days the ex-date falls near Dec 2, 2026; that date is an ETFIQ projection, not the issuer’s.

Dec 2, 2026 · pay Dec 4, 2026$0.42 ETFIQ projection

Expected distributions for PLA. 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 income ETF going ex-dividend in the next 14 days →
Every distribution ETFIQ holds for PLA (5, most recent first)
Oct 7, 2026$0.42
Sep 9, 2026$0.4185
Aug 12, 2026$0.4314
Jul 1, 2026$0.4522
Jun 3, 2026$0.4209

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

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

About PLA

Strategyautocallable
BenchmarkPalantir (PLTR)
How the benchmark is set (ETFIQ)Its prospectus names PLTR as the company its options are written on (prospectus, Form 497, accession 0001493152-26-002150, filed 2026-01-14).
Paysmonthly
Net assets (issuer page, as of Nov 3, 2026)$6.4mReport
Latest payout, annualized (ETFIQ)19.8%
Expense ratio (497 XBRL, Oct 28, 2026)1.18%Report
Cash paid, since launch, May 19, 2026, over today’s price (ETFIQ)8.4%
First tradedMay 19, 2026
Return of capital, latest distribution (GraniteShares 19a-1 estimate)0.5%
Paysmonthly
Typical gap between ex-dates28 days
Typical wait from ex-date to payment2 days
Last paid, per share$0.42 ex Oct 7, 2026
Cash paid in the 12 months to Nov 4, 2026, 5 distributions, ex Jun 3, 2026 to Oct 7, 2026$2.143
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
IQ Investment Committee on PLA

12 seats on PLA, as of Nov 4, 2026: 3 Challenges, 9 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 measuresThe ETFIQ SkepticETFIQ’s own seatNot enough data
Put PLA to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Questions people ask about PLA

How much has PLA paid since it launched?
Over the period from its first trade on May 19, 2026 to Nov 4, 2026, PLA paid 8.6% of its starting price in cash distributions, while the price rose 1.5%.
Is PLA ahead of PLTR?
Over the period from its first trade on May 19, 2026 to Nov 4, 2026, with every distribution reinvested, PLA returned +10.5% against +26.9% for Palantir (PLTR), so a holder was behind it by 16.4 points.
How often does PLA pay, and how much?
PLA pays monthly. The latest distribution annualizes to 19.8% at its price on Nov 4, 2026, which is not a promise; the next one can differ.
Is the PLA distribution return of capital?
GraniteShares estimates 0% 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 PLA next pay a distribution?
PLA pays monthly. The last distribution went ex on Oct 7, 2026 at $0.42 a share. The next is not declared; on a cadence of about 28 days the ex-date falls near Dec 2, 2026, which is an ETFIQ projection. Payment usually follows the ex-date by 2 days.
What does PLA cost?
The prospectus expense ratio is 1.18% a year.
How much of PLA’s distribution is return of capital?
GraniteShares’s Rule 19a-1 notice estimates 0.5% of the distribution paid Sep 11, 2026 was return of capital. Across its notices for distributions paid Aug 14, 2026 to Sep 11, 2026, the estimate is 2.0%. The annual report for the fiscal year to Jun 30, 2026 puts it at 100.0% of distributions. Estimates come before the fund year closes and often change.
Sources and dates
Prices, PLA and PLTRTiingo end-of-day · Nov 4, 2026
Fee, 1.18%Prospectus filing with the expense ratio (SEC) ↗
Net assets, $6.4mIssuer page · Nov 3, 2026
Return of capitalGraniteShares 19a-1 distribution notice ↗
DistributionsTiingo end-of-day · 5 payments
All fund filingsFund filings on SEC EDGAR ↗
IssuerGraniteShares page for PLA ↗
GraniteShares 19a-1 distribution notice ↗

Links are sources, not endorsements.

Method →Standards and sources →Open data →
Cite this pageCitation, APA and Markdown

ETFIQ, PLA, income ETFs, data as of Nov 4, 2026. https://etfiq.com/funds/pla

The payout bar for PLA, 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.

Total return
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.
Ahead or behind
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.
Covered call
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.
Autocallable
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.
Barrier
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.
Full definitions: income ETFs vocabulary page. →
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PLA: PLA since launch: paid 8.6%, price +1.5%, total +10.5%, PLTR +26.9%, −16.4 pts. Data to Nov 4, 2026.
<figure style="margin:0;max-width:640px">
<iframe src="https://etfiq.com/embed/income/pla/" title="PLA: PLA since launch: paid 8.6%, price +1.5%, total +10.5%, PLTR +26.9%, −16.4 pts. Data to Nov 4, 2026." width="640" height="370" loading="lazy" style="border:0;max-width:100%;width:100%"></iframe>
<figcaption style="font:13px/1.5 sans-serif">PLA: PLA since launch: paid 8.6%, price +1.5%, total +10.5%, PLTR +26.9%, −16.4 pts. Data to Nov 4, 2026. Data: <a href="https://etfiq.com/funds/pla">ETFIQ</a></figcaption>
</figure>

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Snapshot, Nov 4, 2026. More on the tabs above.