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GRNI

GradeCNew York Stock Exchange Arca

Fundstrat Granny Shots US Large Cap & Income ETF

Option Income · Fundstrat Capital · Inception 2025-11-18

$21.43−0.11 (−0.51%)

As of Sep 23, 2026, 1:11 PM EDT

History starts Nov 18, 2025.History starts Nov 18, 2025.
Intraday session: down, 14 prints from 21.54 to 21.43. Range 21.42 to 21.53. Use the arrow keys to read each point.$21.45$21.48$21.50$21.5210 AM12 PM2 PM4 PM
Expense ratio
0.99%
Fund size
$59M
1Y return
—
Yield · Last 12 months
Data unavailable
Holdings
128
Volume · 30D
0M sh
NAV per share
$21.10
52W range
low $18.36high $34.58

The ETF.net GRNI Grade

C

45/ 100

Rank 25 of 51 in Active Option Income⁠

Confidence Medium

Six-pillar profile for GRNI. Scores out of 100: Cost 40, Risk 12, Mission not scored, Tradability 60, Holdings 85, Durability 62. Strongest: Holdings (85). Weakest: Risk (12). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 45 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    CScore 40
    Category rank31/51 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    FScore 12
    Category rank43/45 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 60
    Category rank18/51 · top 35%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 85
    Category rank4/42 · top 10%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 62
    Category rank18/51 · top 35%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on GRNI

ETF.net Research

CFundstrat's Granny Shots research brand, wrapped in an options-income ETF. Active US large caps up top, an options overlay for cash below, Treasuries in the mix. Income is the stated first job here; appreciation is the second.

Stated mandate

The actively managed fund primarily seeks current income through options strategies and secondarily seeks long-term capital appreciation from U.S. large-cap equities, while maintaining cash or U.S. Treasuries.

Why people hold it

  1. 01The priority is written into the mandate: current income first via options strategies, long-term appreciation from US large caps second, with cash or Treasuries held alongside.
  2. 02Distributions are declared on a monthly schedule, the cadence income-focused holders tend to budget around.
  3. 03Fully active, no index to hug: the manager picks the large caps and decides which options get written, under the Fundstrat Granny Shots banner.
  4. 04Standard 1940 Act fund structure, the same wrapper used by mainstream stock ETFs.

Worth knowing

  1. 01At 0.99% a year it sits above the 0.95% median for options-income funds, and well above cheaper peers in the group such as PAPI (0.29%) and DIVO (0.56%).
  2. 02It launched in November 2025, so there is little history showing how the overlay behaves across a full market cycle.
  3. 03Writing options trades away part of a rally for premium, and the cash collected moves with those premiums rather than arriving as a fixed amount.

GRNI Holdings

As of Sep 21, 2026, 4:15 AM
Asset class
Stocks
Holdings
128
Top-10 weight
27%
Largest holding
MSTR3.3%

Geography

  • United States97.68%
  • Ireland2.32%
The fund’s holdings, weight-ordered — page 1 of 6.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001MSTRMicroStrategy Inc3.27%12,474$2M190
002HOODRobinhood Markets, Inc. Class A Common Stock3.02%14,755$2M331
003AMDAdvanced Micro Devices2.86%2,990$2M618
004INTCIntel Corp2.79%15,059$2M492
005SPCXSpace Exploration Technologies Corp. Class A Common Stock2.73%10,464$2M268
006DEDeere & Company2.60%2,232$2M348
007ANETArista Networks2.56%7,535$2M490
008AAPLApple Inc.2.53%4,419$1M707
009TSLATesla, Inc. Common Stock2.52%4,054$1M509
010MUMicron Technology, Inc.2.50%1,440$1M655
011NOWSERVICENOW, INC.2.47%10,705$1M426
012ORCLOracle Corp2.47%9,792$1M448
013GOOGLAlphabet Inc. Class A Common Stock2.43%4,084$1M704
014NVDANvidia Corp2.43%6,413$1M828
015MSFTMicrosoft Corp2.43%2,884$1M792

Showing 1–15 of 85 holdings

GRNI Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

GRNI$11,370
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,430
Dec 31, 2025 to Sep 22, 2026. GRNI $11,370. SPY $11,430. Use the arrow keys to read each point.$9,119$10,381$11,642Dec 2025May 2026Sep 2026

Dec 31, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for GRNI. Periods over one year show the average yearly return.
PeriodGRNI
Year to date+13.7%
1 month+2.7%
3 months+4.6%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for GRNI
YearReturn barGRNI
2026 YTD+13.7%
2025+2.9%

Since listing, Nov 18, 2025

GRNI in the news

ETF.net Research hasn’t filed on GRNI yet — coverage lands here as it’s written.

GRNI Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.18 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 9 payments from 2025 to 2026 YTD. Dec 22, 2025 $0.17; Jan 29, 2026 $0.17; Feb 26, 2026 $0.17; Mar 30, 2026 $0.16; Apr 29, 2026 $0.17; May 28, 2026 $0.18; Jun 29, 2026 $0.17; Jul 30, 2026 $0.17; Aug 28, 2026 $0.18. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Aug 28, 2026Aug 31, 2026$0.18
Jul 30, 2026Jul 31, 2026$0.17
Jun 29, 2026Jun 30, 2026$0.17
May 28, 2026May 29, 2026$0.18
Apr 29, 2026Apr 30, 2026$0.17
Mar 30, 2026Mar 31, 2026$0.16
Feb 26, 2026Feb 27, 2026$0.17
Jan 29, 2026Jan 30, 2026$0.17
Dec 22, 2025Dec 23, 2025$0.17

GRNI Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Nov 2025; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Nov 2025; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Nov 2025; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.88
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

GRNI Cost

Expense ratio0.99%
  • The middle half of Active Option Income funds
  • Median 0.95%

26 of the 47 Active Option Income funds charge less.

GRNI costs $99.00 a year on $10,000. The median Active Option Income fund costs $95.00.