VistaShares Target 15 USA Quality Income ETF
QUSA
New York Stock Exchange Arca- -
USD
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Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 234 West Florida Street, Suite 203 Milwaukee United States of America 53204
- IPO Date
- Oct 17, 2024
- CIK
- 0001722388
- Website
- tidalfinancialgroup.com
- Similar Companies
- Business
- VistaShares Target 15 USA Quality Income ETF (QUSA) is an actively managed exchange-traded fund that primarily seeks to generate high monthly income targeting an annual distribution rate of 15%, distributed as 1.25% monthly, and secondarily long-term capital appreciation through a dual strategy of investing in a portfolio of U.S. large- and mid-cap equity securities exhibiting strong quality characteristics—defined by high profitability, low earnings variability, and low leverage—and overlaying an actively managed options strategy involving contracts on its underlying securities, including covered calls with 100% portfolio coverage to maximize premium income. The fund's equity component provides core exposure to approximately 90 high-quality stocks across sectors such as industrials (29.3%), financials (26.2%), information technology (21.5%), consumer staples (11.5%), health care (5.0%), and others, with top holdings including the iShares MSCI USA Quality Factor ETF (QUAL) at 14.61%, Apple Inc. (AAPL), Microsoft Corp. (MSFT), NVIDIA Corp. (NVDA), and Meta Platforms Inc. (META); it trades on the NYSE under ticker QUSA with CUSIP 45259A464, an expense ratio of 0.95%, and assets under management around $18 million as of late 2025. Launched on May 6, 2025, QUSA operates as part of the Tidal Trust III series issued by Tidal ETF Services LLC, with Tidal Financial Group overseeing the options strategies led by portfolio manager Jay Pestrichelli, Chief Trading Officer, and investment sub-adviser VistaShares LLC managing the equity selections; VistaShares, founded in 2024 and led by CEO Adam Patti, is headquartered in operations across San Francisco, Boston, and New York, focusing on innovative ETF solutions including its Target 15 family and Supercycle growth equity products. Recent major developments include VistaShares' expansion of its Target 15 suite with the launch of the S&P 100 Distribution ETF (SIOO) on December 11, 2025, mirroring S&P 100 blue-chip exposure with a similar 15% income target, contributing to the firm's overall ETF assets surpassing $800 million within its first year-plus in the market; earlier 2025 launches in the series encompassed the ACKtivist Distribution ETF (ACKY) tracking Pershing Square-inspired holdings, Berkshire Select Income ETF (OMAH) reflecting Berkshire Hathaway positions, and DRUKMacro Distribution ETF (DRKY) based on Duquesne Family Office disclosures, alongside ongoing monthly distributions for QUSA such as $0.22525 per share in November 2025 (94.95% return of capital) and consistent payouts since inception. QUSA targets income-seeking investors and advisors building equity-and-income portfolios, domiciled in the United States with a 30-day SEC yield of 0.70% as of November 30, 2025, and maintains a minor cash or U.S. Treasury allocation not exceeding 10% of assets while employing swap agreements and other derivatives as needed.