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New ETF Alert: GraniteShares US 100 Autocallable Income ETF (Ticker IACL)
IACL seeks monthly income (Targeting to Yield 5% + SOFR) through a continuously refreshed, laddered portfolio of autocallable positions on the Bloomberg US Tech VolMax 35 Index - GraniteShares' first autocallable ETF built on an index of autocalls.
NEW YORK, August 18, 2026 /Globe Newswire/ - GraniteShares, an independent ETF issuer, today announced the launch of the GraniteShares US 100 Autocallable Income ETF (Ticker: IACL), the firm's first autocallable ETF built on a broad-market index. IACL aims to replicate the performance of the Bloomberg US 100 Autocallable 65-40 Series Total Return Index. IACL begins trading August 18, 2026, on CBOE BZX Exchange, Inc.
Each autocall:
Aims to yield 5.00% over SOFR, and pay a monthly coupon subject to a 65% coupon barrier (will pay as long as the reference index doesn’t drop by more than 35%);
Are callable after 12 months at a 100% callable barrier;
Have a 5-year maturity with a 60% capital protection. If the reference drops by more than 60% over 5 years, the affected autocall is exposed to a geared losses (~2.5x the decline beyond the 60% decline)
“Our goal with IACL wasn't to build the highest-yielding autocallable ETF on the market, It was to take a more measured approach to the autocallable structure,” said Will Rhind, Founder and CEO of GraniteShares. “The 40% Risk Strike gives this Fund one of the deepest principal buffers in the category: the Reference Index has to fall 60% from an autocall's starting level before principal is at risk, a 25-point cushion below where coupons can pause. That depth is a deliberate design choice - we built IACL with the aim to promote NAV stability, diversify investors income streams and potentially generate a consistent level of monthly income.”
“The Bloomberg US 100 Autocallable 65-40 Series Index brings the rigor, transparency and rules-based methodology investors expect from Bloomberg Indices to the autocallable market,” said Umesh Gajria, Head of Multi-Asset Indices, Bloomberg Index Services Limited. “We're pleased to see that systematic, rules-based approach delivered to investors through IACL in an exchange-traded format.”
Terms of Each Autocallable Position
Coupon Rate
5.00% fixed + SOFR, paid monthly
Coupon Barrier
65% of strike - coupon pauses below this level
Autocall Barrier
100% of strike - called at par above this level, post 11-month non-call period
Maturity Barrier
40% of strike (60% capital protection) - principal protected in full unless breached at maturity
Non-Call Period / Maturity
11 months / 5 years (60 monthly dates)
Laddering Cadence
New tranche daily, capped at 2.5% of notional/day
Fund Details
FUND
GraniteShares US 100 Autocallable Income ETF
Ticker
IACL
Investment Adviser
GraniteShares Advisors LLC
Income Distribution
Monthly (targeted)
Tracking Index
Bloomberg US 100 Autocallable 65-40 Series Total Return Index (BTA6540T)
Reference Index
Bloomberg US Tech VolMax 35 Index (BMXTEQ35), built on the Bloomberg US 100 Index
Index Administrator
Bloomberg Index Services Limited (BISL)
Exchange
CBOE BZX Exchange, Inc
About GraniteShares
GraniteShares, headquartered in New York City, creates and manages ETFs across U.S., U.K., German, French, and Italian exchanges. Founded in 2016 by Will Rhind, the firm managed $14.5 billion in assets as of June 30, 2026, with products spanning leveraged single-stock ETFs, YieldBOOST™ income ETFs, autocallable ETFs, gold, commodities, and core equity strategies.
For more information, visit graniteshares.com.
Media Contact: (844) 476-8747 | info@graniteshares.com | graniteshares.com/etfs/iacl
Definitions: Coupon Barrier: the Reference Index level that must be met on an observation date for that period's coupon to pay. Autocall Barrier: the level that, if reached, triggers early redemption at par and ends future coupons on that tranche. Risk Strike: the level observed at maturity that determines principal protection; below it, that tranche is exposed to geared losses.
RISK FACTORS AND IMPORTANT DISCLOSURE
This material must be preceded or accompanied by a Prospectus. Carefully consider the Fund’s investment objectives, risks, charges, and expenses before investing. Please read the prospectus carefully before investing.
An investment in the Fund involves risk, including the possible loss of principal. There is no guarantee that the Fund will achieve its investment objective or make any distributions. There is no assurance that the Fund’s investment strategy will be successful, and investors may lose some or all of their investment.
The Fund is an actively managed exchange-traded fund (“ETF”) that seeks to generate income by providing exposure to autocallable-linked derivatives tied to an index. The Fund does not invest directly in the underlying stock, and investors will not receive dividends or other distributions from that stock. Autocallables are complex financial instruments that combine derivative features and may b
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