VistaShares Target 15 ACKtivist Distribution ETF (ACKY)

The VistaShares Target 15 ACKtivist Distribution ETF is a fund from VistaShares that combines equity exposure inspired by an activist investing approach with an options-based income strategy. The ACKtivist name refers to the portfolio of public company positions associated with activist investor Bill Ackman and his firm, Pershing Square Capital Management.

The fund aims for an annual distribution rate of about 15 percent, which it seeks to generate in part by writing options on its holdings and paying distributions on a regular schedule. Distributions may include return of capital, and the option overlay limits participation in some of the upside of the underlying stocks.

The ETF trades on NYSE Arca under the ticker ACKY.