EPS: As of FY2026 Q2, the actual value is USD 0.25.

Preliminary Second Quarter 2026 Financial Results

GraniteShares Autocallable SMCI ETF reported preliminary net investment income (NII) of $0.25 to $0.27 per share for the second quarter ended June 30, 2026. The preliminary net asset value (NAV) per share as of June 30, 2026, was estimated to be $12.76 to $12.84, representing an increase of $0.22 to $0.30 per share, or 1.8% to 2.4%, from $12.54 as of March 31, 2026. The company estimated an annualized return on equity of more than 17% for the second quarter of 2026.

Investment Portfolio Activity

During the quarter, GraniteShares Autocallable SMCI ETF funded approximately $18 million in investments and received approximately $49 million in repayments. This resulted in a total investment portfolio valued between $965 million and $975 million at fair value. Investments on non-accrual status comprised 5.4% of the total investment portfolio at fair value and 8.5% at cost as of June 30, 2026. Loans to one portfolio company were returned to accrual status, with no new additions to non-accrual status during the quarter.

Share Repurchase Program

GraniteShares Autocallable SMCI ETF repurchased 274,343 shares of its common stock at a weighted average price of $8.88 per share, totaling approximately $2.4 million, during the second quarter of 2026. As of June 30, 2026, approximately $17.6 million remained available for repurchases under the company’s authorized $20.0 million share repurchase program.

Operational Milestones

On July 14, 2026, GraniteShares Autocallable SMCI ETF received a license from the U.S. Small Business Administration (SBA) for its third SBIC, which allows for a $125 million equity contribution and drawing up to $250 million of SBA-guaranteed debentures, subject to a $475 million family of funds limit.

Outlook

GraniteShares Autocallable SMCI ETF’s preliminary estimates for the second quarter of 2026 include a net investment income of $0.25 to $0.27 per share and a net asset value per share of $12.76 to $12.84. The share repurchase program is expected to remain in effect until the earlier of March 2, 2027, or the repurchase of $20.0 million of outstanding common stock.