Income ETF health check
GraniteShares Autocallable TSLA ETF
TLA
GraniteShares · Monthly · $5M
Current price
$24.63
As of 2026-09-29 · USD
Canary status
Significant NAV erosion — distributions may be returning principal while value declines.
Updated every Monday and Thursday
YieldCanary Health Metrics
Yield comparison
Advertised Yield
18.43%
Headline Yield (TTM)
11.16%
True Income Yield
10.19%
The real number is typically lower once return of capital is stripped out.
Health metrics
- Death Clock
- 0.98 yrs
- YieldCanary ROC %
- 8.7%
Income and return
- After-Tax Monthly (25%)
- $XX.XXUnlock free →
- Last Distribution
- $0.3876
- 1Y Price Return
- -0.96%
About True Income Yield
About True Income Yield: This is a YieldCanary proprietary sustainability indicator, not a standard accounting measure of economic gain. It strips return of capital from the headline yield to show only what the fund generated from real investment activity. Return of capital reduces your cost basis and the full economic gain is only realized when you sell your shares. YieldCanary calculates ROC from performance data, not from the 19a-1 notices that fund companies publish monthly. Our estimates can differ from official issuer reports and can differ significantly from your year-end 1099 tax forms. We are actively working on incorporating 19a-1 data to make these figures more precise. For confirmed ROC figures always check the fund's official 19a-1 notice on the issuer's website or your year-end 1099.
True Income Yield and Death Clock are YieldCanary proprietary metrics. Not financial advice. Data updates every Monday and Thursday.
Price and Distribution History
Data last updated: Sep 28, 2026. Updates every Monday and Thursday.
Sustainability analysis
Health Score Breakdown
TLA is currently Severe Risk on YieldCanary. The Death Clock of 0.98 years indicates significant NAV erosion at the current pace. 9% of distributions are estimated as return of capital with the NAV declining alongside distributions. This is the yield trap pattern at its most extreme.
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Frequently Asked Questions — TLA
Is TLA a good income ETF?
Based on YieldCanary's health framework, TLA is currently Severe Risk. The current data suggests extreme caution. The fund is showing significant NAV erosion alongside its distributions — the classic yield trap pattern where the advertised yield looks attractive while the underlying value quietly disappears. This is not financial advice — always do your own research and consult a qualified financial professional before making investment decisions.
YieldCanary calculates ROC from performance data, not 19a-1 filings. Not financial advice.
What does TLA pay per month?
Based on last month's actual distribution of $0.3876 per share, $10,000 invested in TLA at the current price of $24.63 generates approximately 406 shares. That's $157.37 gross per month before taxes. Your after-tax income depends on your personal tax rate and account type. Set your rate inside YieldCanary to see your exact after-tax monthly income and connect your portfolio to see what all of your holdings generate together. Distributions change month to month based on options premiums and market conditions. Past distributions are not a guarantee of future payments.
Calculate your after-tax income on TLA free →YieldCanary calculates ROC from performance data, not 19a-1 filings. Not financial advice.
What is TLA's True Income Yield?
YieldCanary's True Income Yield for TLA is currently 10.19%. This is a distribution sustainability indicator — it strips the estimated return of capital portion from the headline TTM yield to show only what the fund generated from real investment activity. It is not an accounting measure of economic gain. Return of capital reduces your cost basis and full economic gain is only realized when you sell. TLA's current ROC estimate is 8.7%. The full methodology breakdown is available inside YieldCanary. For confirmed ROC figures check the fund's official 19a-1 notice or your year-end 1099.
See the full health breakdown on TLA free →YieldCanary calculates ROC from performance data, not 19a-1 filings. Not financial advice.
What is TLA's Death Clock?
TLA's Death Clock is currently 0.98 years. This estimates the number of years before 50% of the fund's NAV erodes at the current pace, assuming all things stay constant. It is a sustainability warning signal. The pace can improve or worsen as market conditions and distribution behavior change. Check back every Monday and Thursday when the data refreshes.
YieldCanary calculates ROC from performance data, not 19a-1 filings. Not financial advice.
Is TLA's return of capital good or bad?
TLA's low ROC estimate of 8.7% means most distributions are generated from real investment activity rather than return of principal — one of the cleaner income profiles on the platform. Note: YieldCanary calculates ROC from performance data, not 19a-1 filings.
YieldCanary calculates ROC from performance data, not 19a-1 filings. Not financial advice.
How does TLA compare to similar funds?
On YieldCanary, TLA is currently Severe Risk with a 10.19% True Income Yield and a Death Clock of 0.98 years. It pays Monthly distributions and has a 1-year price return of -0.96%. Similar funds from GraniteShares tracked on YieldCanary: GraniteShares HIPS US High Income ETF (HIPS) — currently High Risk; GraniteShares YieldBOOST TSLA ETF (TSYY) — currently Severe Risk; GraniteShares YieldBOOST Semiconductor ETF (SEMY) — currently Severe Risk Full side-by-side comparison including True Income Yield, Death Clock, ROC%, and after-tax income across all similar funds is available inside YieldCanary.
Compare TLA to similar funds free →YieldCanary calculates ROC from performance data, not 19a-1 filings. Not financial advice.
How often does TLA pay distributions?
TLA is a Monthly paying ETF. Distributions are paid once per month, which aligns well with monthly bills and expenses. Monthly payers are the most popular frequency among income investors for this reason. The most recent distribution was $0.3876 per share. To see exact upcoming ex-dividend and payment dates for TLA in your portfolio, connect your holdings inside YieldCanary and check the Distribution Calendar.
YieldCanary calculates ROC from performance data, not 19a-1 filings. Not financial advice.
What is TLA's AUM and why does it matter?
TLA currently has $5M in assets under management. TLA is a smaller fund. While smaller AUM is not automatically a problem, funds with limited assets carry slightly more closure risk if assets decline significantly. Factor this into your position sizing. AUM alone does not determine whether a fund is healthy. Check the Canary Status and Death Clock above for the full sustainability picture.
YieldCanary calculates ROC from performance data, not 19a-1 filings. Not financial advice.
Is TLA available in a Roth IRA?
Yes — TLA can be held in a Roth IRA like any standard ETF, assuming your brokerage offers it. For income ETFs with high return of capital, a Roth IRA can be a particularly advantageous account type. ROC distributions reduce your cost basis in a taxable account, creating a deferred tax liability that grows over time. In a Roth IRA that tax treatment is irrelevant as all distributions are tax-free regardless of their character. This is not tax advice. Consult a tax professional about your specific situation and account type before making investment decisions.
YieldCanary calculates ROC from performance data, not 19a-1 filings. Not financial advice.
About the fund
Strategy & Objective
GraniteShares · Monthly
This Fund's objective is to generate potential monthly cash flow through investments in a diversified portfolio of single-stock autocallable options. These options are directly linked to the performance of specific underlying companies, such as Tesla Inc. The fund actively manages these positions using a systematic laddered approach and ongoing rolling strategies. While income distributions may be made when conditions allow, their frequency and amount are neither fixed nor guaranteed. Furthermore, investors should understand that the fund is exposed to the risk of capital loss tied to declines in the value of its reference equities.
At a glance
YieldCanary Health Summary
GraniteShares Autocallable TSLA ETF (TLA) is a Monthly-paying income ETF issued by GraniteShares with $5M in assets under management. The fund has an advertised yield of 18.43% and a trailing 12-month headline yield of 11.16%. TLA is currently Severe Risk on YieldCanary with a True Income Yield of 10.19% and a Death Clock of 0.98 years. The fund has a low ROC estimate of 8.7%, meaning most distributions are generated from real investment activity. The most recent distribution was $0.3876 per share. The fund's price has returned -0.96% over the trailing 12 months.
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