VistaShares Target 15 ACKtivist Distribution ETF

Frequently Asked Questions About ACKY

What does ACKY invest in?

The VistaShares Target 15 ACKtivist Distribution ETF (ACKY) is an actively managed fund designed to provide substantial monthly income, targeting an impressive annual distribution yield of approximately 15%. Its investment strategy involves holding equity securities that are carefully selected based on the BITA VistaShares ACKtivist Select Index. This index, in turn, is inspired by or replicates the core investment positions of Pershing Square's leading holdings. Complementing this equity exposure, the ETF also incorporates a strategic options overlay to further enhance its income generation capabilities.

What is the expense ratio of ACKY?

VistaShares Target 15 ACKtivist Distribution ETF (ACKY) charges an expense ratio of 0.95%. This is the annual fee deducted from fund assets to cover management and operations.

What is ACKY's distribution yield?

ACKY's trailing-twelve-month yield is 12.55%, calculated from the sum of distributions over the past year divided by the current price.

How does ACKY's covered-call strategy work?

ACKY sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside — when the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.

How big is ACKY?

VistaShares Target 15 ACKtivist Distribution ETF (ACKY) manages $45.0M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is ACKY actively managed or an index fund?

ACKY's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.