| Investment Objective: |
The VistaShares Target 15 USA Quality Income ETF primarily seeks income, and secondarily, long term capital appreciation. The Fund's strategy involves two components: (1) purchasing a portfolio of U.S. equity securities with strong quality characteristics (the "Equity Strategy"); and (2) generating income through an options portfolio (the "Options Strategies"). Primarily through the Fund's Options Strategies, the Fund seeks to achieve an annual income target of 15%. The Fund invests in U.S. equity securities ("Underlying Securities") selected by VistaShares. The Fund's equity strategy seeks to identify companies with high-quality characteristics through a quantitative methodology that prioritizes financial strength and stability. The Fund seeks to generate income primarily through the use of options strategies involving options contracts on certain or all of its Underlying Securities. These strategies are expected to derive the majority of the Fund's yield, with the Fund aiming to achieve an annual income target of 15% (the "Annual 15% Target"). The Fund earns income by collecting premiums from selling (writing) options. |
