# MSR (GraniteShares Autocallable MSTR ETF)

GraniteShares · Income ETFs · data as of Sep 11, 2026

Since its launch on May 12, 2026, MSR paid 5.2% in cash and still finished 38.2 points behind SPY.

## Key facts

- MSR, cash paid, since launch, on its starting price: 5.2%, as of Sep 11, 2026.
- MSR, total return, since launch: −34.4%, as of Sep 11, 2026.
- MSR, against SPY: −38.2 pts, as of Sep 11, 2026.
- MSR, return of capital, latest payout (GraniteShares estimate): 0.1%, as of Sep 11, 2026.
- MSR, net assets: $586,204 (issuer page, as of Sep 10, 2026).
- MSR, expense ratio: 1.07% (485BPOS XBRL, Jan 13, 2026).

## MSR over each window to Sep 11, 2026

| Window | Cash paid | Price | Total return | SPY | Ahead or behind |
| --- | --- | --- | --- | --- | --- |
| 3 months | 3.0% | −19.5% | −16.5% | +3.3% | −19.8 pts |
| Since launch | 5.2% | −39.1% | −34.4% | +3.8% | −38.2 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Strategy | option income | ETFIQ |
| Benchmark | S&P 500 (SPY), used as a default proxy (proxy) | ETFIQ |
| Pays | not established | ETFIQ |
| Net assets | $586,204 | issuer page, as of Sep 10, 2026 |
| Latest payout, annualized | 44.8% | ETFIQ |
| Expense ratio | 1.07% | 485BPOS XBRL, Jan 13, 2026 |
| Cash paid, last 12 months, over today’s price | 8.6% | ETFIQ |
| Launched | May 12, 2026 | ETFIQ |
| Return of capital, latest distribution | 0.1% | GraniteShares 19a-1 estimate |
| Pays | on no established schedule | ETFIQ |
| Typical wait from ex-date to payment | 2 days | ETFIQ |
| Last paid, per share | $0.5503 ex Sep 9, 2026 | ETFIQ |
| Sum of the last 2 distributions | $1.2683 | ETFIQ |

## Questions

### How much has MSR paid over the last year?

Over the period from its launch on May 12, 2026 to Sep 11, 2026, MSR paid 5.2% of its starting price in cash distributions, while the price fell 39.1%.

### Is MSR ahead of SPY?

Over the period from its launch on May 12, 2026 to Sep 11, 2026, with every distribution reinvested, MSR returned −34.4% against +3.8% for S&P 500 (SPY), used as a default proxy, so a holder was behind it by 38.2 points.

### How often does MSR pay, and how much?

MSR pays on no established schedule. The latest distribution annualizes to 44.8% at its price on Sep 11, 2026, which is not a promise; the next one can differ.

### Is the MSR distribution return of capital?

GraniteShares estimates 0% of the distribution paid Jun 5, 2026 was return of capital. That is a tax characterization from the fund's own 19a-1 notice, not a measure of erosion.

### When does MSR next pay a distribution?

MSR pays on no established schedule. The last distribution went ex on Sep 9, 2026 at $0.5503 a share.

### What does MSR cost?

The prospectus expense ratio is 1.07% a year.


## Cite this page

ETFIQ, MSR, data as of Sep 11, 2026. https://etfiq.com/funds/msr
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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