What this ETF is trying to do

The Fundstrat Granny Shots US Large Cap ETF (GRNY) is an exchange-traded fund that invests in large companies in the United States. Based on its top holdings, it has exposure to several technology and industrial companies.

What the numbers show

As of October 5, 2026, the share price of GRNY was $28.51.

When looking at performance, it is important to distinguish between price return and total return. Price return only measures the change in the share price. Total return includes both the share-price change and any distributions paid out.

• Year-to-Date (YTD): The price return is approximately 15.15%, while the total return is approximately 15.29%.

• One-Year: The price return is approximately 13.40%, and the total return is approximately 13.55%.

For a simple example, if you had invested $10,000 based on the estimated price from roughly one year ago ($25.14), the price-only increase would have grown that investment to approximately $11,340.

Income and distribution explanation

GRNY has a distribution yield of approximately 0.12%. Over the last 12 months, it has made two payouts. The frequency of these distributions is described as irregular or less frequent.

It is important for new investors to remember that a distribution yield is not the same as a total return. While distributions provide cash income, they do not guarantee that the original investment (the principal) will stay the same or grow.

NAV Erosion Explanation

"NAV erosion" happens when the net asset value of a fund declines over time, often meaning the fund is losing its underlying value.

For GRNY, the erosion-risk score is 100, and the erosion severity is labeled as "good." The data indicates that no price erosion was detected, and the severe erosion-risk flag is false.

Top Holdings

The fund holds a total of 45 assets. Because the list is partial, we only see the Top Holdings. As of October 7, 2026, the largest holdings included:

• Strategy Inc Class A: 3.23%

• Intel Corp: 3.12%

• Advanced Micro Devices Inc: 3.09%

• Robinhood Markets Inc Class A: 2.73%

• Micron Technology Inc: 2.68%

Pros

• Positive price and total returns over the last year and year-to-date.

• No detected NAV erosion according to the erosion-risk score.

Cons

• Distributions are irregular and less frequent.

• The distribution yield is very low compared to funds designed specifically for high income.

Beginner takeaway

GRNY has shown growth in both its share price and total return over the past year. While it provides some cash distributions, they are infrequent. Investors generally look for principal stability to ensure their initial investment is protected while they earn income.