ETF Evaluator:
GraniteShares US 100 Autcllbl Inc ETF (IACL)
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ETF Details
GraniteShares US 100 Autcllbl Inc ETF Overview
GraniteShares US 100 Autcllbl Inc ETF (IACL) is an actively managed Nontraditional Equity Derivative Income exchange-traded fund (ETF). Graniteshares launched the ETF in 2026.
The investment seeks to generate stable monthly income while providing reduced downside risk through exposure to the Bloomberg U.S. 100 Autocallable 65-40 Series Total Return Index (the “Autocallable Index”).
The fund, under normal market conditions, will invest at least 80% of its net assets (plus any borrowings for investment purposes) in derivative instruments that provide exposure to the Autocallable Index. It is non-diversified.
About GraniteShares US 100 Autcllbl Inc ETF (IACL)
There are 2 members of the management team with an average tenure of 0.04 years: Ryan Dofflemeyer (2026) and Jeff Klearman (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
GraniteShares US 100 Autcllbl Inc ETF has 4 securities in its portfolio. The top 10 holdings constitute 199.9% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
GraniteShares US 100 Autcllbl Inc ETF is part of the Equity global asset class and is within the Nontraditional Equity ETF group. GraniteShares US 100 Autcllbl Inc ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). GraniteShares US 100 Autcllbl Inc ETF has 99.7% of the portfolio in cash.
Assets Under Management
The fund has $1 million in total assets, which is below the $735 million average for the Derivative Income category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
IACL Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The GraniteShares US 100 Autcllbl Inc ETF expense ratio is average compared to funds in the Derivative Income category. GraniteShares US 100 Autcllbl Inc ETF has an expense ratio of 0.55%, which is 33% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. GraniteShares US 100 Autcllbl Inc ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 70% for the Derivative Income category.
Recently, in the month of August 2026, GraniteShares US 100 Autcllbl Inc ETF returned 0.0%, which earned it a grade of NA, as the Derivative Income category had an average return of 4.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
GraniteShares US 100 Autcllbl Inc ETF has a trailing yield of 0.00%, which is below the 18.77% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
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IACL Trailing NAV Total Returns Data as of 8/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| IACL Return (NAV) | na | na | na | na | na | na |
| IACL Return (Price) | na | na | na | na | na | na |
| NAV +/- Price Return | na | na | na | na | na | na |
| Derivative Income Avg | 4.4% | 0.3% | 14.9% | 15.1% | 8.3% | 7.6% |
| IACL Grade (NAV) | na | na | na | na | na | na |
| +/- Category (NAV) | na | na | na | na | na | na |
| IACL Tax-Cost Ratio | na | na | na | na | na | na |
IACL Annual NAV Total ReturnsData as of 8/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| IACL Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| IACL Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Derivative Income Avg | 6.9% | 10.6% | 18.6% | 17.5% | -11.3% | 19.4% | 1.4% | 19.2% | -7.1% | 12.1% | 8.7% |
| IACL Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 1 Mil |
| Share Class Assets: | $ 1 Mil |
| Turnover: | na |
| Expense Ratio: | 0.55% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 0.0 years | |||
| Average Tenure: 0.0 years | |||
| Managers (Year): Dofflemeyer Ryan (2026), Klearman Jeff (2026) | |||
Portfolio Composition (as of 8/31/26)
| # of Holdings: | 4 |
| % in Top 10 Holdings: | 199.9% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.3% |
| Cash: | 99.7% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Graniteshares |
| Phone Number: | 844-476-8747 |
| Website: | |
| Inception Date: | August 17, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.55% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.82% |
