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GRNJ

GradeCNew York Stock Exchange Arca

Fundstrat Granny Shots US Small- & Mid-Cap ETF

Active Equity · Fundstrat Capital · Inception 2025-11-18 · SEC filings

$29.78−0.10 (−0.33%)

As of Sep 23, 2026, 2:20 PM EDT

History starts Nov 18, 2025.History starts Nov 18, 2025.
Intraday session: down, 41 prints from 29.88 to 29.78. Range 29.60 to 29.91. Use the arrow keys to read each point.$29.60$29.70$29.9010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$485M
1Y return
—
Yield · Last 12 months
—
Holdings
62
Volume · 30D
0.2M sh
NAV per share
$28.98
52W range
low $23.08high $32.69

The ETF.net GRNJ Grade

C

43/ 100

Rank 30 of 48 in US Active Small/Mid-Cap⁠

Confidence Medium

Six-pillar profile for GRNJ. Scores out of 100: Cost 26, Risk 19, Mission not scored, Tradability 89, Holdings 59, Durability 64. Strongest: Tradability (89). Weakest: Risk (19). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 43 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.
    DScore 26
    Category rank34/48 · 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 19
    Category rank42/44 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 89
    Category rank2/48 · top 4%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 59
    Category rank23/48 · top 48%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 64
    Category rank15/48 · top 31%

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

Our read on GRNJ

ETF.net Research

CTom Lee's Granny Shots rulebook, aimed down the cap scale. A stock only qualifies if it shows up in at least two of Fundstrat's seven macro themes, every survivor gets an equal slice, and the whole thing is reshuffled quarterly.

Stated mandate

The fund is an actively managed exchange-traded fund seeking long-term capital appreciation.

Why people hold it

  1. 01The two-theme filter is the point: no stock enters on a single storyline. Positions are equal-weighted, so no one name dominates the portfolio.grannyshots.comprnewswire.com
  2. 02Quarterly rebalancing resets positions back to equal size, which trims winners and reloads laggards instead of letting the portfolio drift.grannyshots.com
  3. 03Despite launching in late 2025, it already sits in the $250M-$1B asset range and trades with moderate, steady volume for a fund this young.

Worth knowing

  1. 01At 0.75% a year it runs above the 0.65% median for active US equity ETFs. That is the toll for Fundstrat's research.
  2. 02Launched November 2025, so the live record is short. The large-cap version's history is a different portfolio, not this one's.grannyshots.com
  3. 03Small and mid caps swing harder than blue chips, and quarterly rebalances can turn over a meaningful chunk of the holdings.grannyshots.com

GRNJ Holdings

As of Sep 21, 2026, 4:15 AM
Asset class
Stocks
Holdings
62
Top-10 weight
19%
Largest holding
BE2.2%

Geography

  • United States92.48%
  • Cayman Islands2.58%
  • Netherlands1.67%
  • Canada1.66%
  • United Kingdom1.61%
The fund’s holdings, weight-ordered — page 1 of 5.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001BEBloom Energy Corporation2.20%39,633$11M304
002DINOHF Sinclair Corporation2.04%84,281$10M232
003RIOTRiot Platforms, Inc. Common Stock1.94%389,733$9M118
004NTRANatera, Inc. Common Stock1.86%24,114$9M223
005SATSEchoStar Corporation1.82%92,955$9M131
006PGENPrecigen, Inc. Common Stock1.81%1,112,419$9M62
007VICRVicor Corp1.81%38,756$9M132
008ZETAZeta Global Holdings Corp.1.80%284,665$9M95
009LITELumentum Holdings Inc. Common Stock1.79%9,195$9M385
010EXELExelixis Inc1.79%146,388$9M247
011GLXYGalaxy Digital Inc. Class A Common Stock1.78%345,095$9M105
012HALOHalozyme Therapeutics, Inc.1.75%74,402$8M200
013SANMSanmina Corp1.73%41,454$8M165
014NBISNebius Group N.V. Class A Ordinary Shares1.73%36,921$8M185
015TTMITTM Technologies Inc1.73%69,915$8M165

Showing 1–15 of 62 holdings

GRNJ Performance

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

GRNJ$11,695
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. GRNJ $11,695. SPY $11,430. Use the arrow keys to read each point.$9,016$11,026$13,037Dec 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 GRNJ. Periods over one year show the average yearly return.
PeriodGRNJ
Year to date+16.9%
1 month−0.9%
3 months−6.7%
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 GRNJ
YearReturn barGRNJ
2026 YTD+16.9%
2025+5.1%

Since listing, Nov 18, 2025

GRNJ in the news

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

GRNJ 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.
—Last 12 months
Payout per share
—Last 12 months

Listed Nov 2025. No distributions yet.

GRNJ 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.
1.71
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.

GRNJ Cost

Expense ratio0.75%
  • The middle half of US Active Small/Mid-Cap funds
  • Median 0.55%

32 of the 47 US Active Small/Mid-Cap funds charge less.

GRNJ costs $75.00 a year on $10,000. The median US Active Small/Mid-Cap fund costs $55.00.