Fundstrat Granny Shots UCITS ETF

Issuer: HANetf

Asset Class: Equity

TER: 69bps

Trading Currency: GBX

Pays Income: False

Listing Date: 22 May 2026

Ticker: GRNP

ISIN: IE000OQGOX00

This actively managed fund employs a unique contrarian investment philosophy referred to as “Granny Shots,” managed by Fundstrat Global Advisors. The strategy draws an analogy to the underhand basketball free throw—a technique that is statistically effective but stylistically unpopular. Similarly, the fund seeks to invest in a concentrated portfolio of companies that are deeply out of favour, under-owned by institutional investors, and facing significant negative sentiment, yet possess strong underlying fundamentals and catalysts for a potential turnaround. The core idea is to identify high-quality businesses that are temporarily mispriced by the market, offering the potential for significant appreciation as their true value is eventually recognized. By taking this unconventional and high-conviction approach, the fund aims to generate alpha by moving against prevailing market consensus.

The investment process is rooted in deep, bottom-up fundamental analysis to construct a concentrated portfolio of typically 20-30 North American stocks. The portfolio managers focus on identifying companies with durable competitive advantages, solid balance sheets, and a clear path to future growth that is not currently reflected in the stock price. This fund is designed for investors seeking a differentiated, non-benchmark-driven exposure to the US equity market. It may be suitable for those with a long-term investment horizon who are comfortable with the potential volatility associated with a concentrated, contrarian strategy. The product offers a distinct alternative to passive market-cap-weighted indices and traditional factor-based investment approaches.