VistaShares Target 15 DRUKMacro Distribution ETF (DRKY)

The VistaShares Target 15 DRUKMacro Distribution ETF (DRKY) is part of the Target 15 series offered by VistaShares. Funds in this series pair an equity portfolio with an options strategy intended to support a targeted annual distribution rate of around 15 percent.

Judging by its name, the equity portion draws on holdings associated with the publicly disclosed portfolio of a well-known macro investor. The fund then writes options on its holdings to generate the income that funds its distributions, which caps some of the upside of the underlying stocks.