VistaShares Target 15 USA Quality Income ETF

Frequently Asked Questions About QUSA

What does QUSA invest in?

The VistaShares Target 15 USA Quality Income ETF (QUSA) is engineered to deliver substantial income, aiming for an ambitious annual yield of 15%. This objective is achieved through a dual strategy: investing in a select portfolio of high-quality U.S. equities and employing a sophisticated options overlay. QUSA adopts a dynamic, systematic approach to stock selection, prioritizing companies with robust financial strength, operational stability, and consistently low earnings variability. The concentrated portfolio typically comprises 20 to 50 equities, with allocations meticulously reviewed and adjusted quarterly, or more frequently as market dynamics dictate. Emphasis is placed on businesses demonstrating superior return on equity and prudent leverage, aiming to mitigate portfolio volatility while simultaneously capturing opportunities for capital appreciation. Integral to its income generation, the fund actively sells covered call options on its equity holdings. This systematic generation of premium income is designed to significantly enhance the overall yield. By synergistically combining active, data-driven equity selection with proactive options management, QUSA seeks to adapt to fluctuating market conditions, pursuing both consistent returns and long-term capital growth.

What is the expense ratio of QUSA?

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

What is QUSA's distribution yield?

QUSA's trailing-twelve-month yield is 15.40%, calculated from the sum of distributions over the past year divided by the current price.

How does QUSA's covered-call strategy work?

QUSA 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 QUSA?

VistaShares Target 15 USA Quality Income ETF (QUSA) manages $21.1M 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 QUSA actively managed or an index fund?

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