IACL

GraniteShares US 100 Autocallable Income ETF is an actively managed fund that seeks stable monthly income while providing reduced downside risk relative to holding a single autocallable contract. The fund utilizes unfunded total return swap agreements with major financial institutions to gain synthetic exposure to the Autocallable Index, which reflects the total return performance of a theoretical portfolio of synthetic autocallable yield notes. Under normal market conditions, at least 80% of net assets are invested in derivative instruments referencing the index, while short-term U.S. government securities, money market funds, short-term bond ETFs, cash, or options box spreads serve as collateral.