VistaShares Target 15 ACKtivist Distribution ETF(AMEX:ACKY)

ACKY actively manages US-listed equities while pursuing an income strategy that uses different options, targeting a 15% monthly distribution. The fund invests in equities directly or synthetically using derivatives such as options and swaps. These equities are selected from a narrow index that includes the top 1020 companies, as measured by their weight, within the Pershing Square Capital Management portfolio. These companies are disclosed in the recent 13F filing of Pershing Square and are typically liquid companies that generate predictable and recurring cash flow. The performance index may include large to small-cap stocks. It rebalances and reconstitutes quarterly. As an actively managed fund, the investment advisers have discretion on the funds equity selection and options strategies depending on the market outlook.As collateral, ACKY may hold cash or short-term US Treasurys.