Fundstrat Granny Shots US Large Cap & Income ETF
$21.16−0.11 (−0.52%)
- 0.99%
- $61M
- 0M sh
- $21.32
- low $18.36high $34.58
The ETF.net GRNI Grade
C
Score 46 out of 100
- 25 of 51
Score 46 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C40 out of 100Rank 29 of 51Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F12 out of 100Rank 43 of 46Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B62 out of 100Rank 16 of 51Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A86 out of 100Rank 2 of 42Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B61 out of 100Rank 18 of 51
Our read on GRNI
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.
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
- The 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.
- Distributions are declared on a monthly schedule, the cadence income-focused holders tend to budget around.
- Fully active, no index to hug: the manager picks the large caps and decides which options get written, under the Fundstrat Granny Shots banner.
- Standard 1940 Act fund structure, the same wrapper used by mainstream stock ETFs.
Worth knowing
- At 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%).
- It launched in November 2025, so there is little history showing how the overlay behaves across a full market cycle.
- Writing 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
- Stocks
- 98
- 28%
- MSTR
Geography
- United States97.57%
- Ireland2.43%
GRNI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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GRNI$11,312
Returns run to the Oct 12, 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.
| Period | GRNI |
|---|---|
| Year to date | +13.1% |
| 1 month | +1.9% |
| 3 months | +2.5% |
| 1 year | — |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | GRNI |
|---|---|---|
| 2026 YTD | +13.1% | |
| 2025 | +2.9% |
GRNI in the news
Category Review
The payout and the result came apart in option-income funds
GRNI Dividends
- $0.18 per share
- Monthly
Distribution data unavailable.
Distribution history
GRNI Risk
- —
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.
- —
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.
- —
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.
- 0.87
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
0.99%
GRNI0.99%
- The middle half of Active Option Income funds
- Median 0.95%
28 of the 51 Active Option Income funds charge less.
Other funds in Active Option Income
- COEIOptimized Equity Income ETFExpense ratio 1.02%1 year return —
- CWRTHWorth Charting Options Income ETFExpense ratio 1.02%1 year return —
- CDDDDYieldMax U.S. Stocks Target Double Distribution ETFExpense ratio 1.01%1 year return —
- CEGGSNestYield Total Return Guard ETFExpense ratio 0.95%1 year return +0.1%
- CDRKYVistaShares Target 15 DRUKMacro Distribution ETFExpense ratio 0.95%1 year return +27.2%