SCAGraniteShares Autocallable SMCI ETF
Generates income while providing limited downside protection via autocallables referencing SMCI common stock.
By Graniteshares · Launched 2026
1.07%
#5,237 of 5,699 · expensive
$0.9M
#5,585 of 5,699 · small
—
2 months
#5,542 of 5,699 · young
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundWhat it actually holds
By weightAsset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Listing
- Exchange
- NASDAQ Global Select Market
Full fund details
- Objective
- Generates income while providing limited downside protection via autocallables referencing SMCI common stock.
- Strategy
- Actively manages a portfolio of autocallables referencing the common stock of Super Micro Computer, Inc. to generate current income. Invests at least 80% of net assets in derivatives contracts linked to the Underlying Asset.
- Inception date
- May 26, 2026
- Fund family
- Graniteshares
Similar funds
Same asset class, closest by strategy & exposureOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
The big yield isn't extra money
The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.
Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
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Data updated on 2026-07-12