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TPRY

GradeCNew York Stock Exchange Arca

VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF

Option Income · VistaShares · Inception 2026-02-26 · SEC filings

$19.04−0.27 (−1.42%)

As of Sep 23, 2026, 1:57 PM EDT

History starts Feb 26, 2026.History starts Feb 26, 2026.
Intraday session: down, 9 prints from 19.31 to 19.04. Range 19.04 to 19.31. Use the arrow keys to read each point.$19.10$19.20$19.3010 AM12 PM2 PM4 PM
Expense ratio
0.95%
Fund size
$4M
1Y return
—
Yield · Last 12 months
Data unavailable
Holdings
84
Volume · 30D
0M sh
NAV per share
$19.19
52W range
low $17.32high $20.89

The ETF.net TPRY Grade

C

40/ 100

Rank 32 of 51 in Active Option Income⁠

Confidence Medium

Six-pillar profile for TPRY. Scores out of 100: Cost 51, Risk 38, Mission not scored, Tradability 40, Holdings 36, Durability 36. Strongest: Cost (51). Weakest: Durability (36). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 40 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.

Ceiling 40 · B and A out of reach

The pillars earned43This cap took−3Published score40 Grade C

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    CScore 51
    Category rank28/51 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 38
    Category rank31/45 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 40
    Category rank31/51 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 36
    Category rank34/42 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 36
    Category rank40/51 · bottom quartile

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on TPRY

ETF.net Research

CA 13F clone with a paycheck attached. TPRY's equity sleeve mirrors the top 20 positions Appaloosa Management discloses, then an options overlay works to fund a high targeted distribution. The Tepper book, repackaged as income.

Stated mandate

The fund primarily seeks income and secondarily seeks long-term capital appreciation.

Why people hold it

  1. 01The stock sleeve is rules-based, not a hunch: BITA's index takes the top 20 positions by weight from Appaloosa's latest 13F and rebalances quarterly.vistashares.com
  2. 02Income is manufactured by the options overlay rather than harvested from dividends, so the payout target doesn't hinge on what a concentrated 20-stock book happens to yield.vistashares.com
  3. 03At 0.95%, the fee sits right at the median for active options-overlay income funds. The unusual wrapper isn't priced as a premium.

Worth knowing

  1. 01VistaShares states it is not affiliated with Appaloosa or David Tepper. You hold what the last 13F disclosed, refreshed on the index's quarterly schedule, not live trades.vistashares.comvistashares.com
  2. 02The Target 15 label is a distribution goal, not a floor. The issuer says there's no assurance a distribution is paid and amounts may vary.vistashares.com
  3. 03Launched in 2026 and still one of the smaller, thinly traded names in its category, which typically means wider spreads and a short record to judge.

TPRY Holdings

As of Sep 20, 2026, 6:39 AM
Asset class
Stocks
Holdings
84
Top-10 weight
69%
Largest holding
MU13.1%

Geography

The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001MUMicron Technology Inc13.07%541$550K655
002AMZNAmazon.com Inc12.25%2,030$515K720
003TSMTaiwan Semiconductor Manufacturing Co Ltd8.38%810$352K268
004GOOGAlphabet Inc6.83%834$287K471
005METAMeta Platforms Inc5.29%334$222K683
006UBERUber Technologies Inc5.16%3,079$217K424
007AAPLApple Inc4.85%606$204K707
008VSTVistra Corp4.52%1,354$190K336
009BABAAlibaba Group Holding Ltd4.40%1,635$185K78
010NVDANVIDIA Corp4.34%820$182K828
011BABoeing Co/The4.25%902$179K305
012NRGNRG Energy Inc4.13%1,676$174K280
013LRCXLam Research Corp4.03%588$169K591
014BIDUBaidu Inc3.68%1,720$155K36
015AMDAdvanced Micro Devices Inc3.66%275$154K618

Showing 1–15 of 53 holdings

TPRY Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

TPRY$9,743
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. TPRY $9,743. SPY $10,415. Use the arrow keys to read each point.$8,503$9,548$10,594Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for TPRY. Periods over one year show the average yearly return.
PeriodTPRY
Year to dateFund launched this year—
1 month+3.2%
3 months−2.6%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for TPRY
YearReturn barTPRY
2026 YTD+5.7%

Since listing, Feb 26, 2026

TPRY in the news

ETF.net Research hasn’t filed on TPRY yet — coverage lands here as it’s written.

TPRY Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.24 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 6 payments in 2026 YTD. Mar 30, 2026 $0.23; Apr 27, 2026 $0.25; May 26, 2026 $0.26; Jun 29, 2026 $0.26; Jul 27, 2026 $0.24; Aug 24, 2026 $0.24. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Aug 24, 2026Aug 25, 2026$0.24
Jul 27, 2026Jul 28, 2026$0.24
Jun 29, 2026Jun 30, 2026$0.26
May 26, 2026May 27, 2026$0.26
Apr 27, 2026Apr 28, 2026$0.25
Mar 30, 2026Mar 31, 2026$0.23

TPRY Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Feb 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Feb 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Feb 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.04
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

TPRY Cost

Expense ratio0.95%
  • The middle half of Active Option Income funds
  • Median 0.95%

20 of the 47 Active Option Income funds charge less.

TPRY costs $95.00 a year on $10,000. The median Active Option Income fund costs $95.00.