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MRA

GradeDNASDAQ Global Market

Graniteshares Autocallable Mara ETF

Single-stock strategy · Option Income · GraniteShares · Inception 2026-05-27 · SEC filings

This fund concentrates its exposure in one company, using derivatives rather than holding the shares directly. Its results depend on that single stock.

$24.10+0.01 (+0.04%)

As of Sep 23, 2026, 3:07 PM EDT

History starts May 27, 2026.History starts May 27, 2026.History starts May 27, 2026.
Intraday session: up, 32 prints from 24.09 to 24.10. Range 23.93 to 24.19. Use the arrow keys to read each point.$23.90$24.00$24.2010 AM12 PM2 PM4 PM
Expense ratio
1.07%
Fund size
$1M
1Y return
—
Yield · Last 12 months
Data unavailable
Volume · 30D
0M sh
NAV per share
$23.77
52W range
low $18.29high $25.39

The ETF.net MRA Grade

D

36/ 100

Rank 53 of 72 in Single-Stock Option Income⁠

Confidence Medium

Six-pillar profile for MRA. Scores out of 100: Cost 34, Risk 63, Mission not scored, Tradability 16, Holdings not scored, Durability 39. Strongest: Risk (63). Weakest: Tradability (16). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 36 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.

Ceiling 40 · B and A out of reach

The pillars earned37This cap took−0Published score36 Grade D

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 34
    Category rank50/72 · 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.
    BScore 63
    Category rank23/65 · top 35%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 16
    Category rank65/72 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 39
    Category rank57/72 · bottom quartile

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

Our read on MRA

ETF.net Research

DAutocallables are Wall Street's income note: contingent coupons, barrier levels, an early call. GraniteShares pulled that plumbing out of the bank-note wrapper and put it in a 1940 Act ETF, laddered across barriers and wired to MARA Holdings.

Stated mandate

The Fund seeks potential monthly income through a laddered portfolio of single-stock autocallable options linked to MARA Holdings Inc. Positions are managed through ongoing rolling, but distributions vary and are not guaranteed.

Why people hold it

  1. 01Part of the first US lineup of single-stock autocallable ETFs, a payoff that previously reached most investors as a bank-issued structured note.graniteshares.com
  2. 02No structured notes inside: returns come from OTC options held in a 1940 Act fund that trades on an exchange through any standard brokerage account.graniteshares.comgraniteshares.com
  3. 03The portfolio is laddered across different barrier levels, so the income stream does not hinge on one trigger or one observation date.graniteshares.com
  4. 04Fee of 1.07% lands right at the median for single-stock option-income funds, and the manager handles the rolling and reinvestment you would otherwise do by hand.graniteshares.com

Worth knowing

  1. 01Income here is potential, not promised: distributions vary, can include return of capital, and the payoff tracks coupon rules rather than MARA's full move.graniteshares.com
  2. 02Downside protection is limited, not absolute, and the exposure is synthetic, so a deep slide in the reference stock flows through without you owning the shares.graniteshares.com
  3. 03A young fund with a small asset base and light trading, so bid-ask spreads carry more weight than with mainstream income ETFs.

MRA Holdings

As of Sep 21, 2026, 4:07 AM
Asset class
Other
Holdings
—
Top-10 weight
113%
Largest holding
US Dollars112.7%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—US Dollars112.71%1,247,837$1M85

Showing 1–1 of 1 holdings

MRA Performance

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

MRA$10,945
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. MRA $10,945. SPY $10,415. Use the arrow keys to read each point.$7,818$9,497$11,176Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – 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 MRA. Periods over one year show the average yearly return.
PeriodMRA
Year to dateFund launched this year—
1 month+15.9%
3 months+9.4%
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 MRA
YearReturn barMRA
2026 YTD+12.0%

Since listing, May 27, 2026

MRA in the news

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

MRA 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
$0.85 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 4 payments in 2026 YTD. Jun 3, 2026 $0.85; Jul 1, 2026 $0.87; Aug 12, 2026 $0.86; Sep 9, 2026 $0.85. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 9, 2026Sep 11, 2026$0.85
Aug 12, 2026Aug 14, 2026$0.86
Jul 1, 2026Jul 6, 2026$0.87
Jun 3, 2026Jun 5, 2026$0.85

MRA Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched May 2026; 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 May 2026; 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 May 2026; 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.
−0.84
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.

MRA Cost

Expense ratio1.07%
  • The middle half of Single-Stock Option Income funds
  • Median 1.07%

35 of the 71 Single-Stock Option Income funds charge less.

MRA costs $107.00 a year on $10,000. The median Single-Stock Option Income fund costs $107.00.