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ACKY ETF — Holdings & Analysis

The VistaShares Target 15 ACKtivist Distribution ETF (ACKY) is an actively managed equity ETF with $0.03 billion in assets under management.

With a relatively high expense ratio of 0.95%, ACKY aims to generate high monthly income, targeting approximately 15% annually, through a combination of equity investments and an options overlay strategy. The fund's equity holdings are derived from the BITA VistaShares ACKtivist Select Index, which is modeled on Pershing Square’s top holdings, offering a unique approach to income generation.

VistaShares Target 15 ACKtivist Distribution ETF (ACKY) ETF — Price, Holdings & Analysis

The VistaShares Target 15 ACKtivist Distribution ETF (ACKY) is an actively managed equity ETF with $0.03 billion in assets under management. With a relatively high expense ratio of 0.95%, ACKY aims to generate high monthly income, targeting approximately 15% annually, through a combination of equity investments and an options overlay strategy. The fund's equity holdings are derived from the BITA VistaShares ACKtivist Select Index, which is modeled on Pershing Square’s top holdings, offering a unique approach to income generation.

ETF Overview

An actively managed ETF aiming for high monthly income (target ~15% annually), by investing in equity securities derived from the BITA VistaShares ACKtivist Select Index—modeled on Pershing Square’s top holdings—and employing an options overlay to generate income
ACKY, managed by VistaShares, is designed for investors seeking high monthly income through equity investments and options strategies. The ETF constructs its equity portfolio based on the BITA VistaShares ACKtivist Select Index, mirroring the investment approach of Pershing Square by focusing on similar top holdings. To enhance income generation, ACKY employs an options overlay strategy, selling covered calls on its equity positions. The fund's sector allocation is heavily weighted towards Consumer Cyclical (30.3%), Communication Services (20.6%), and Financial Services (19.4%), with a significant allocation to Technology (18.6%). Real Estate comprises 10.3% of the portfolio, while Industrials have a smaller allocation of 0.7%. Geographically, ACKY primarily invests in the United States (71.8%) and Canada (28.1%). This active management and options strategy differentiate ACKY from passively managed equity income ETFs.

Risk Metrics

ACKY's active management and options overlay strategy introduce specific risks. The 0.95% expense ratio is higher than many passively managed equity ETFs, potentially creating a drag on returns, especially if the fund underperforms its benchmark. The fund's concentration in specific sectors, such as Consumer Cyclical, Communication Services, and Financial Services, exposes it to sector-specific risks. A downturn in these sectors could disproportionately impact ACKY's performance. Furthermore, the fund's reliance on an options overlay strategy carries the risk that the options positions may not generate the anticipated income or could limit potential upside gains in a rapidly rising market. The fund's relatively small AUM of $0.03 billion could also pose liquidity risks.

Expense Ratio

0.95%

How Is the Fund Allocated?

SectorWeight
Consumer Cyclical30.3%
Communication Services20.6%
Financial Services19.4%
Technology18.6%
Real Estate10.3%
Industrials0.7%
CountryWeight
United States71.8%
Canada28.1%
Other0.2%

Dividend Yield

0.00%

Questions & Answers

What is ACKY and what does it track?

The VistaShares Target 15 ACKtivist Distribution ETF (ACKY) is an actively managed ETF that seeks to provide high monthly income, targeting approximately 15% annually.

It achieves this by investing in equity securities selected based on the BITA VistaShares ACKtivist Select Index, which mirrors the top holdings of Pershing Square. Additionally, ACKY employs an options overlay strategy to generate income.

What is the expense ratio for ACKY?

The expense ratio for the VistaShares Target 15 ACKtivist Distribution ETF (ACKY) is 0.95%. This means that for every $10,000 invested in the fund, $95 is used to cover the fund's operating expenses.

What are the top holdings in ACKY?

As ACKY tracks an index modeled on Pershing Square's top holdings, its actual holdings data is not explicitly provided in the available data.

However, based on the fund's investment strategy, it is expected that ACKY's top holdings would likely include companies similar to those in Pershing Square's portfolio.

Is ACKY a good long-term investment?

Evaluating ACKY as a long-term investment requires careful consideration of its strategy and associated risks. The fund's objective is to generate high monthly income through equity investments and options strategies.

While the targeted 15% annual distribution is attractive, the fund's 0.95% expense ratio is relatively high, which could impact long-term returns.

How does ACKY compare to similar ETFs?

ACKY differentiates itself through its unique investment approach, which combines equity investments based on the BITA VistaShares ACKtivist Select Index (modeled on Pershing Square's top holdings) with an options overlay strategy.

Compared to other dividend-focused ETFs, ACKY aims for a higher income target (15% annually) but also carries a higher expense ratio of 0.95%.

Does ACKY pay dividends?

While ACKY aims to provide high monthly income, the current dividend yield is reported as 0.00%. This may be due to the fund's recent inception date (2025-09-09) or the timing of dividend distributions.

ACKY's investment strategy involves an options overlay to generate income, which may be distributed as dividends. Investors should refer to the fund's official documentation for the most up-to-date information on dividend payments and distribution schedules.