IACL ETF — GraniteShares US 100 Autocallable Income ETF

GraniteShares US 100 Autocallable Income ETF (IACL)

IACL is an ETF that tracks the Bloomberg US 100 Autocallable 65-40 Series Total Return Index. As of August 19, 2026, its expense ratio is 0.55%.

GraniteShares US 100 Autocallable Income ETF is an actively managed ETF that pursues monthly income through a laddered portfolio of autocallable positions on a broad US large-cap reference index, targeting a coupon of SOFR plus 5.00%. Each autocallable pays its coupon so long as the reference index has not fallen more than 35% from the starting level, is callable after twelve months at a 100% call barrier, and carries a five-year maturity with a 60% risk strike, so principal is only impaired if the reference index falls 60% from an autocall's starting level. The fund charges a 0.55% expense ratio and appeals to income-focused investors who want contingent monthly income with a deep principal buffer, though the structured payoff caps upside and its autocallable mechanics are more complex than conventional equity income strategies.

IACL key facts

Data as of August 19, 2026.

Issuer

GraniteShares

Asset type

ETF

Asset class

Equity

Inception date

08/18/2026

Expense ratio

0.55%

Distribution frequency

Monthly

Last close

$25.02

AUM

$749,511

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 19, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 19, 2026.

Primary sources: GraniteShares fund page; Index: Bloomberg US 100 Autocallable 65-40 Series Total Return Index; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

Who may consider IACL — and who may not

It is a weaker fit for investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More funds from GraniteShares.