VistaShares

This address is how we stay in touch with the professionals who follow our work.

VistaShares delivers innovative Liquid Alternative investment solutions for today's investors. VistaShares ETFs are actively managed by industry and investment experts, offering a number of distinct strategies. Supercycle® Growth Equity ETFs seek exposure to technology-driven economic Supercycles® that the adviser believes may offer long-term growth potential. Target 15® option-income ETFs seek to generate monthly income while complementing a core equity portfolio. Income is not guaranteed and will vary, and the Target 15® name refers to the strategy's objective rather than a guaranteed or promised return. Investing involves risk, including possible loss of principal. There is no guarantee that any investment objective will be achieved, and past performance does not guarantee future results.

Whose address this is

vsharesholdings.com belongs to VistaShares, and every message that comes from it is ours. What we publish is not kept here: it lives on our main website, vistashares.com.

If a message from vsharesholdings.com reached you and you want to confirm it came from us, write to info@vsharesholdings.com or call (844) 875-2288.

What this address covers

This address writes about cash. Every portfolio holds some, most of the time by accident rather than by decision, and it is the one holding nobody chooses on purpose and everybody pays for. Between a subscription arriving and being invested, or between a sale and its replacement, a position sits earning something other than what the strategy was bought for.

It is a small effect measured on any one day and it compounds like anything else. A percent of a book held uninvested for a year is a percent of that year's return foregone, and it is invisible on a factsheet because it is not a mistake anybody made, it is a residue of ordinary operations.

The interesting question is what a strategy does with it deliberately.

Holding cash on purpose is a position and can be defended. Holding it as a leftover is a cost with no thesis attached, and telling the two apart takes reading rather than a single number.

The place to look is whether the level moves with a view or with the calendar. Cash that rises when something has been sold and falls when something has been bought is operational. Cash that sits at a steady level through everything is a decision somebody made and should be able to explain.

The questions that arrive here

Who works out these numbers?

They are read from published sources: the fee schedule, the distribution notices, and the fund reports. Where a figure is an estimate rather than a published number it is described as one in the note that carries it.

How often does something arrive?

There is no schedule. Something goes out when the work produces something worth reading, and a quiet month stays quiet. Everything sent has been reviewed and approved before it leaves.

Can I ask a question back?

Yes, and the address at the top of this page is read by a person. A question about a specific holding will get an answer with the relevant disclosures attached rather than a summary.

How do I stop these?

Reply and say so, or write to the address on this page. It applies to every address at your firm that we hold, it takes effect on the next send, and it does not expire.

Do these notes cover only one kind of strategy?

No. The subject is what it costs to own something and how those costs are counted, which applies the same way whatever the thing is. Where a cost behaves differently for a particular kind of holding, the note says which kind and why rather than generalising.