ETF Evaluator:
VistaShares Target 15 TEPRTntmConDisETF ()
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(as of Aug 26)
Best Performing in Derivative Income Over the Last Year
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ETF Details
VistaShares Target 15 TEPRTntmConDisETF Overview
VistaShares Target 15 TEPRTntmConDisETF (TPRY) is an actively managed Nontraditional Equity Derivative Income exchange-traded fund (ETF). VistaShares Advisors LLC launched the ETF in 2026.
The investment seeks income, and secondarily, long-term capital appreciation.
Under normal circumstances, the fund will invest at least 80% of the value of its net assets, plus borrowings for investment purposes, in a combination of equity securities included in the index or derivatives instruments that provide exposure to those securities. It is non-diversified.
About VistaShares Target 15 TEPRTntmConDisETF (TPRY)
There are 3 members of the management team with an average tenure of 0.43 years: Adam Patti (2026), Scott Snyder (2026) and Quinn Berry (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
VistaShares Target 15 TEPRTntmConDisETF has 72 securities in its portfolio. The top 10 holdings constitute 65.9% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
VistaShares Target 15 TEPRTntmConDisETF is part of the Equity global asset class and is within the Nontraditional Equity ETF group. VistaShares Target 15 TEPRTntmConDisETF has 23.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 74.5% There is 23.6% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). VistaShares Target 15 TEPRTntmConDisETF has -9.5% of the portfolio in cash.
Assets Under Management
The fund has $4 million in total assets, which is below the $727 million average for the Derivative Income category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
TPRY Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The VistaShares Target 15 TEPRTntmConDisETF expense ratio is high compared to funds in the Derivative Income category. VistaShares Target 15 TEPRTntmConDisETF has an expense ratio of 0.95%, which is 14% higher than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. VistaShares Target 15 TEPRTntmConDisETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 69% for the Derivative Income category.
Recently, in the month of July 2026, VistaShares Target 15 TEPRTntmConDisETF returned -9.5%, which earned it a grade of F, as the Derivative Income category had an average return of -1.5%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
VistaShares Target 15 TEPRTntmConDisETF has a trailing yield of 0.00%, which is below the 19.96% category average.
The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
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TPRY Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| TPRY Return (NAV) | -9.5% | -4.4% | na | na | na | na |
| TPRY Return (Price) | -9.5% | -4.5% | na | na | na | na |
| NAV +/- Price Return | 0.009% | 0.055% | na | na | na | na |
| Derivative Income Avg | -1.5% | 0.6% | 11.2% | 13.7% | 8.8% | 7.5% |
| TPRY Grade (NAV) | F | D | na | na | na | na |
| +/- Category (NAV) | -8.0% | -5.0% | na | na | na | na |
| TPRY Tax-Cost Ratio | na | na | na | na | na | na |
TPRY Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| TPRY Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| TPRY Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Derivative Income Avg | 2.6% | 10.6% | 18.5% | 17.5% | -11.3% | 19.4% | 1.4% | 19.2% | -7.1% | 12.1% | 8.7% |
| TPRY Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 4 Mil |
| Share Class Assets: | $ 4 Mil |
| Turnover: | na |
| Expense Ratio: | 0.95% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 0.4 years | |||
| Average Tenure: 0.4 years | |||
| Managers (Year): Patti Adam (2026), Snyder Scott (2026), Berry Quinn (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 72 |
| % in Top 10 Holdings: | 65.9% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 23.6% |
Portfolio Allocation |
|
| Domestic Stock: | 74.5% |
| Foreign Stock: | 23.6% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 11.4% |
| Cash: | -9.5% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | VistaShares Advisors LLC |
| Phone Number: | 844-875-2288 |
| Website: | |
| Inception Date: | February 25, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.95% (Rating: High) |
| Category Average Expense Ratio (%): | 0.83% |
