ETF Evaluator:
Fundstrat Granny Shots US Large Cap ETF ()
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(as of Aug 26)
Best Performing in Large Growth Over the Last Year
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ETF Details
Fundstrat Granny Shots US Large Cap ETF Overview
Fundstrat Granny Shots US Large Cap ETF (GRNY) is an actively managed U.S. Equity Large Growth exchange-traded fund (ETF). Fundstrat launched the ETF in 2024.
The investment seeks long-term capital appreciation.
The fund, an actively-managed exchange-traded fund (“ETF”), seeks to achieve its investment objective by investing in U.S. large capitalization equity securities. Under normal market circumstances, the fund will invest at least 80% of its net assets (including any borrowings for investment purposes) in large-cap U.S. companies. The fund's managers consider large-cap U.S. companies to be those companies with a market capitalization of greater than $10 billion or more.
About Fundstrat Granny Shots US Large Cap ETF (GRNY)
There are 4 members of the management team with an average tenure of 1.34 years: Qiao Duan (2024), Ken Xuan (2024), Stephen Foy (2026) and Thomas J. Lee (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: S&P 500 (TR) index with a weighting of 100%. Fundstrat Granny Shots US Large Cap ETF has 46 securities in its portfolio. The top 10 holdings constitute 26.5% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Fundstrat Granny Shots US Large Cap ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Fundstrat Granny Shots US Large Cap ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.2% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Fundstrat Granny Shots US Large Cap ETF has 1.0% of the portfolio in cash.
Assets Under Management
The fund has $4 billion in total assets, which is below the $8 billion average for the Large Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
GRNY Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Fundstrat Granny Shots US Large Cap ETF expense ratio is above average compared to funds in the Large Growth category. Fundstrat Granny Shots US Large Cap ETF has an expense ratio of 0.75%, which is 52% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Fundstrat Granny Shots US Large Cap ETF has a portfolio turnover rate of 51%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 74% for the Large Growth category.
Recently, in the month of July 2026, Fundstrat Granny Shots US Large Cap ETF returned -2.4%, which earned it a grade of C, as the Large Growth category had an average return of -3.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Fundstrat Granny Shots US Large Cap ETF has a trailing yield of 0.07%, which is below the 0.53% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Fundstrat Granny Shots US Large Cap ETF Grades
Year to date, the ETF has returned 9.2%, 3.0 percentage points better than the category, which translates into a grade of B. The fund has returned 15.2% over the past year (grade of C).
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GRNY Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| GRNY Return (NAV) | -2.4% | 1.4% | 15.2% | na | na | na |
| GRNY Return (Price) | -2.3% | 1.3% | 15.1% | na | na | na |
| NAV +/- Price Return | -0.062% | 0.033% | 0.091% | na | na | na |
| Large Growth Avg | -3.8% | 2.7% | 13.0% | 19.6% | 9.9% | 15.8% |
| GRNY Grade (NAV) | C | D | C | na | na | na |
| +/- Category (NAV) | 1.4% | -1.3% | 2.2% | na | na | na |
| GRNY Tax-Cost Ratio | na | na | 0.0% | na | na | na |
GRNY Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| GRNY Return (NAV) | 9.2% | 24.0% | na | na | na | na | na | na | na | na | na |
| GRNY Return (Price) | 9.2% | 24.0% | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.003% | 0.001% | na | na | na | na | na | na | na | na | na |
| Large Growth Avg | 6.2% | 16.9% | 30.5% | 38.6% | -30.7% | 21.6% | 37.2% | 33.0% | -2.1% | 28.4% | 5.0% |
| GRNY Grade (NAV) | B | A | na | na | na | na | na | na | na | na | na |
| +/- Category | 3.0% | 7.2% | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 0.1% |
| Total Assets: | $ 4,272 Mil |
| Share Class Assets: | $ 4,272 Mil |
| Turnover: | 51.0% |
| Expense Ratio: | 0.75% |
| Index Fund: | No |
| Index Tracked: | S&P 500 (TR) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 1.7 years | |||
| Average Tenure: 1.3 years | |||
| Managers (Year): Duan Qiao (2024), Xuan Ken (2024), Lee Thomas J. (2024), Foy Stephen (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 46 |
| % in Top 10 Holdings: | 26.5% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 99.2% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | -0.2% |
| Cash: | 1.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Fundstrat |
| Phone Number: | 844-954-5777 |
| Website: | |
| Inception Date: | November 6, 2024 |
Expenses and Fees
| Expense Ratio (%): | 0.75% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.49% |
