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Launched · SEC filings

VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF

TPRYNYSE ArcaVistaSharesC

$16.53−0.09 (−0.56%)

As of Nov 2, 2026, 3:22 PM ET

C40/ 100

Rank 33 of 51 in Active Option Income

C40/100Rank 33 of 51inActive Option Income
Intraday session: down, 65 prints from 16.62 to 16.53. Range 16.48 to 16.69. Use the arrow keys to read each point.16.5016.6016.6516.7010 AM12 PM2 PM4 PM
Expense ratio
0.95%
Fund size
$3M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
56
Avg volume · 30D
4.5K sh
52W range
low $16.42high $20.89
Launched
Filings
SEC EDGAR

The ETF.net TPRY Grade

Based on 5 of 6 pillars

C

Score 40 out of 100

Category
Active Option Income⁠
Rank
33 of 51
Six-pillar profile for TPRY. Scores out of 100: Cost 50, Risk 28, Mission not scored, Tradability 40, Holdings 38, Durability 36. Strongest: Cost (50). Weakest: Risk (28). Based on 5 of 6 pillars.

Score 40 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

Very small fund, grade capped at C.

The cap holds the Score at 40 or below, so B and A are out of reach.

The pillars earned
41
This cap took
−1
Published Score
40 Grade C

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C50 out of 100
    Rank 25 of 51

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D28 out of 100
    Rank 37 of 48

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C40 out of 100
    Rank 36 of 51

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D38 out of 100
    Rank 32 of 43

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D36 out of 100
    Rank 41 of 51

Our read on TPRY

ETF.net Research

In short

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

  • The 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
  • Income 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
  • At 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

  • VistaShares 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
  • The 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
  • Launched 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 Performance

Launched Feb 26, 2026

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

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
TPRY$9,390
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,141
Jul 31, 2026 to Oct 30, 2026. TPRY $9,390. SPY $10,141. Use the arrow keys to read each point.$9,500$10,000$10,500Jul 2026Sep 2026Oct 2026

Jul 31, 2026 – Oct 30, 2026

Returns run to the Oct 30, 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 yearNo data
1 month−10.1%
3 months−6.1%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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−6.8%

Since listing, Feb 26, 2026

TPRY in the news

TPRY Dividends

Last payment
$0.22 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. 8 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; Sep 28, 2026 $0.24; Oct 26, 2026 $0.22. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Oct 26, 2026Oct 27, 2026$0.22
Sep 28, 2026Sep 29, 2026$0.24
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

Risk pillarD28 out of 100Rank 37 of 48 in Active Option Income
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.
1.11
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.

FMP measures it over up to five years of monthly returns.

TPRY Cost

Compare TPRY and RECI

Overpaying vs RECI, cheapest in Active Option Income

$11,720

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • TPRY 0.95%

    $17,869

  • RECI 0.30% Cheapest

    $6,149

$10,000
30 years

Cost over time

  • TPRY 0.95%
  • RECI 0.30%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530TPRY $17,869RECI $6,149

Year by year

YearTPRYRECIOverpaying
10$1,678$545$1,133
20$6,322$2,113$4,209
30$17,869$6,149$11,720

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