GRANITESHARES AUTOCALLABLE SMCI ETF (USD) SCA.US

The Graniteshares Autocallable SMCI ETF is an actively managed income-oriented exchange-traded fund offering exposure to a laddered portfolio of autocallable derivatives linked to the performance of the common stock of Super Micro Computer, Inc. Its investment goal is to generate potential income, typically distributed monthly, by using autocallables - which are financial instruments that pay coupons only if certain price thresholds, known as coupon barriers, are met on observation dates.

The strategy features a laddering approach: it holds multiple autocallable positions with varying barrier levels and staggered maturities so that not all positions behave identically in different market conditions.

Autocallable positions may be called early if the underlying equity reaches a higher predefined barrier. If, at final maturity, the stock falls below a maturity barrier, those positions can be exposed to the full downside from the initial reference price.

Structurally, the fund is issued by Graniteshares and operates under the ETF vehicle framework registered under the U.S. Investment Company Act of 1940. It does not hold the underlying SMCI stock directly and is subject to equity-linked risks, including single issuer risk, market volatility, and the possibility that coupons may not be paid under certain barrier conditions.