비스타쉐어즈 타겟 15® S&P 100 Distribution ETF

SIOO is the ticker of the VistaShares Target 15® S&P 100 Distribution ETF, a covered call ETF that holds all 100 companies in the S&P 100 Index (OEX) and writes S&P 100 Index options on the portfolio. It seeks a 15% annual distribution rate, paid monthly, through a data-driven options investment strategy. Distributions are not guaranteed, may vary and may include return of capital, and a distribution rate is not a total return.

SIOO is not a single company’s stock; it is an exchange-traded fund whose shares trade on the NYSE throughout the day like a stock. One SIOO share represents an interest in a portfolio of large-cap and mega-cap U.S. companies drawn from the S&P 100, combined with an options strategy that seeks a 15% annual distribution rate, paid monthly.

SIOO seeks to generate high monthly income by investing in an equity portfolio and implementing a data-driven options investment strategy. Its equity portfolio holds all 100 companies in the S&P 100, and it seeks a 15% annual distribution rate, paid monthly. There is no guarantee of how the Fund will perform, and no assurance it will make a distribution in any given month.

SIOO holds all 100 companies in the S&P 100 Index (OEX), a group of large U.S. blue chip companies across multiple industry groups, together with S&P 100 Index (OEX) call options written against that portfolio. The full holdings list is on the fund page and is updated daily.

SIOO holds all 100 companies in the S&P 100. The S&P 100 comprises 100 major blue chip companies, so SIOO’s stock portfolio covers the whole index rather than a selection from it. Weights change with market prices; the full holdings list, updated daily, is on the fund page.

The S&P 100 is a subset of the S&P 500® designed to measure the performance of large-cap companies in the United States. It comprises 100 major blue chip companies across multiple industry groups and is published under the ticker OEX. SIOO holds all 100 of its companies. Standard & Poor’s (S&P) is a division of S&P Global Inc.

SIOO’s investment adviser is VistaShares Advisors LLC, and the portfolio is run by the VistaShares Investment Committee, which manages the Fund’s S&P 100 equity portfolio and its options strategy. More about the firm is on the VistaShares에 관하여 page. Foreside Fund Services, LLC is the Fund’s distributor. For fund information, call (844) 875-2288.

SIOO is actively managed by VistaShares Advisors LLC. Its stock portfolio holds all 100 companies in the S&P 100, but the Fund is not an index tracker: it writes S&P 100 Index options on the portfolio and seeks to take advantage of tax loss harvesting opportunities. Because of the options strategy, its results can differ substantially from those of the S&P 100. Details are in the prospectus.

SIOO combines two parts: a stock portfolio holding all 100 companies in the S&P 100, and a data-driven options investment strategy that writes S&P 100 Index (OEX) call options covering the whole portfolio. Premium from the options is a main source of the monthly distributions, which seek a 15% annual distribution rate. Because calls are written on the entire portfolio, the Fund gives up gains above the strike prices when large-cap stocks rally sharply.

Yes. SIOO writes S&P 100 Index (OEX) call options against a stock portfolio that holds all 100 S&P 100 companies, which is a covered call approach. Writing calls may limit the Fund’s potential gains in exchange for premium.

SIOO writes S&P 100 Index (OEX) options, which are options on the S&P 100 Index itself and are classified as Section 1256 contracts, as part of its data-driven options investment strategy. The calls are written against the whole portfolio, so the full S&P 100 stock portfolio is covered.

All of it. SIOO writes calls on 100% of its portfolio, so the entire S&P 100 stock position is overwritten. This means the Fund collects option premium on its full exposure, and it gives up gains above the strike prices on its full exposure while the options are open. The Fund still bears the stocks’ declines.

Section 1256 contracts are a category under the U.S. tax code that includes certain listed index options, such as S&P 100 Index (OEX) options. Gains and losses on them are generally treated as 60% long-term and 40% short-term capital gains (the 60/40 treatment). SIOO uses OEX options classified as Section 1256 contracts. How this affects any investor depends on their situation; consult a tax advisor.

SIOO states that it seeks to take advantage of tax loss harvesting opportunities, which generally means realizing losses on positions that have declined so they can offset realized gains within the Fund. Results depend on market conditions, and opportunities may not arise. The Section 19(a) notices estimate how distributions are characterized, and final tax character is reported after year-end; consult a tax advisor.

In a rising market, SIOO’s stocks can gain value, but because calls are written on the whole portfolio, gains above the strike prices are given up until the options expire. As a result, SIOO may lag the S&P 100 when large-cap stocks rise sharply. This trade of some upside for option premium is inherent to covered call strategies.

In a flat or range-bound market, the call options SIOO writes are more likely to expire with little or no value, so the Fund keeps the premium while its stocks change little. How much premium is available depends on volatility and option pricing at the time the options are written.

In a falling market, SIOO’s stocks lose value, and the premium collected from writing calls offsets only a limited part of that decline, if any. SIOO is not a buffer or hedged fund, and its equity holdings can experience sudden, unpredictable drops or long periods of decline. Investments involve risk, including possible loss of principal.

Yes. When SIOO writes a call option, it receives premium but gives up gains above the option’s strike price until the option expires; since SIOO overwrites its whole portfolio, this applies to its full exposure. SIOO may therefore capture less of a strong S&P 100 rally than the same stocks held without options, while still bearing their declines.

Option prices are influenced by the anticipated volatility of the underlying index or stock, the time remaining to expiration, changes in the value of the underlying instrument, and fiscal, monetary, political and economic events. Higher implied volatility generally raises the premium available for writing calls, and lower volatility generally reduces it. This is one reason SIOO’s distributions can vary from month to month.

Yes. Option premium does not prevent losses: if the S&P 100 stocks SIOO holds fall by more than the premium received, the Fund’s value declines. There is no guarantee of how the Fund will perform in the future. Investments involve risk, including possible loss of principal.

SIOO pays monthly distributions. The Fund seeks a 15% annual distribution rate, paid monthly, and each distribution may include option premium, income from the Fund’s holdings, capital gains, interest and return of capital. There is no assurance of a distribution in any given month, amounts may vary, and a distribution rate is not a total return. See our guide to 월별 배당 ETF 및 배분.

SIOO pays distributions monthly. The ex-date, record date and payable date for each upcoming distribution are in the distribution calendar on the fund page, and past distributions are listed there with their dates.

For SIOO, the ex-date is the first trading day on which new buyers do not receive the upcoming distribution, so you generally must own shares before the ex-date. The record date is when the Fund identifies shareholders entitled to the distribution, and the payable date is when the cash is paid to brokerage accounts. SIOO’s dates are listed in the distribution calendar on the fund page.

SIOO seeks a 15% annual distribution rate, paid monthly, meaning it aims for monthly distributions that, annualized, equal about 15% of NAV. The target is not guaranteed: distributions may vary, a month may have no distribution, and distributions may include return of capital. A distribution rate is not a total return, which also reflects changes in SIOO’s share price.

No. SIOO’s monthly distribution is not guaranteed. There is no assurance the Fund will make a distribution in any given month, and the amounts may vary greatly. Distributions may include return of capital, and the 15% target is a distribution rate, not a total return.

SIOO’s distribution rate is calculated by multiplying the most recent distribution by 12 to annualize it, then dividing by the Fund’s NAV. It shows the annual rate an investor would receive if the most recent distribution stayed the same, which it may not. It represents a single distribution and is not a total return. The current figure, with its as-of date, is on the fund page.

SIOO’s distribution rate annualizes the latest monthly distribution against NAV, while its 30-day SEC yield measures only net investment income, which excludes option income, over the 30 days ended at the latest month-end, annualized against share price. For an S&P 100 covered call fund, most of the distribution can come from options, so the two figures can differ widely. See our guide to the 유통률 대 30일 SEC 수익률.

SIOO’s distributions may be comprised of option premiums, dividends, capital gains and interest payments, and the Fund’s distributions have been classified as return of capital. The estimated sources of each distribution are published in SIOO’s Section 19(a) notices on the fund page.

Yes. SIOO’s distributions have been classified as return of capital, which is how a distribution is classified for tax purposes. In an option-writing fund such as SIOO, it can arise when realized losses in the portfolio, including losses realized as the Fund seeks tax loss harvesting opportunities, offset gains, so part of a distribution is not characterized as income. SIOO’s Section 19(a) notices give the estimated breakdown, and final tax character is reported after year-end. Consult a tax advisor. See our guide to ETF 배분에서 자본의 반환.

The return of capital portion of a SIOO distribution is generally not taxable when received; instead, it reduces your cost basis in your SIOO shares. A lower basis may mean a higher capital gain, or a lower capital loss, when you sell, so tax on that portion is generally deferred until sale. In that sense, return of capital may offer potential tax deferral. Tax treatment depends on your situation; consult a tax advisor.

No. Return of capital is a tax classification of a distribution and, by itself, does not describe how SIOO’s NAV has performed. SIOO’s NAV depends on the Fund’s total return: the change in value of its S&P 100 holdings and options, plus income, less distributions and expenses. Current NAV and performance, with their as-of dates, are on the fund page.

A Section 19(a) notice is the estimate SIOO publishes when a distribution may come from sources other than net investment income, showing the estimated portions from income, capital gains and return of capital. SIOO’s 19(a) notices are on the fund page. These are estimates; the final tax character of SIOO’s distributions is reported after year-end.

SIOO’s distributions may be characterized as ordinary income, capital gains or return of capital, and each investor’s tax result depends on their situation. Two features of SIOO are relevant: it uses S&P 100 Index (OEX) options classified as Section 1256 contracts, and it seeks to take advantage of tax loss harvesting opportunities. SIOO’s distributions have been classified as return of capital; the 19(a) notices give estimates. How these features affect your own taxes is a question for your tax advisor.

Many brokerage firms offer automatic reinvestment of ETF distributions in additional shares; availability and terms for SIOO depend on your broker. Reinvesting does not change how a distribution is characterized for tax purposes, and reinvested return of capital still reduces cost basis.

A covered call ETF owns stocks and writes call options on them, collecting premium in exchange for some of the stocks’ upside. SIOO applies this to a portfolio of all 100 S&P 100 companies, writing S&P 100 Index (OEX) options on the whole portfolio, and seeks a 15% annual distribution rate, paid monthly. For a full explanation, see our guide: 커버드 콜 ETF란 무엇인가?

No investment is risk-free, and SIOO can lose value. Its main risks include equity market risk in large-cap U.S. stocks, options and derivatives risk, focused portfolio risk, new fund risk, and the risk that distributions vary or stop. Writing calls limits gains but does not prevent losses. Investments involve risk, including possible loss of principal.

SIOO is an ETF built on the S&P 100: it holds all 100 companies in the S&P 100 Index (OEX), the large-cap blue chip companies within the S&P 500®. Unlike a fund that only tracks the index, SIOO adds a covered call strategy that seeks a 15% annual distribution rate, paid monthly, so its results can differ substantially from the index. Distributions are not guaranteed and may include return of capital.

Yes. SIOO, the VistaShares Target 15® S&P 100 Distribution ETF, holds all 100 companies in the S&P 100 and writes S&P 100 Index (OEX) call options on the whole portfolio to seek a 15% annual distribution rate, paid monthly. Distributions are not guaranteed, may vary and may include return of capital, and a distribution rate is not a total return.

The S&P 100 is a subset of the S&P 500® made up of 100 major blue chip companies across multiple industry groups, while the S&P 500® is the broader index from which it is drawn. SIOO holds all 100 S&P 100 companies, so it concentrates on the largest U.S. companies and holds fewer issuers than an S&P 500 portfolio.

SIOO holds all 100 companies in the S&P 100 rather than the S&P 500, so its stocks are the 100 large-cap and mega-cap blue chip companies in the S&P 100 rather than the broader S&P 500®. It writes S&P 100 Index (OEX) options, classified as Section 1256 contracts, on its whole portfolio and seeks a 15% annual distribution rate, paid monthly. Compare any two funds’ objectives, holdings, option approach, fees and risks with your financial advisor before choosing.

Owning S&P 100 stocks directly gives you their full upside and any income they pay. SIOO holds all 100 S&P 100 stocks and writes index calls on the whole portfolio, which trades some upside for option premium paid out as monthly distributions that seek a 15% annual distribution rate. SIOO charges a 0.59% expense ratio, and its distributions may include return of capital.

SIOO is the Target 15® fund whose equity portfolio holds a full market index, all 100 companies in the S&P 100, rather than the disclosed holdings of an investment firm (OMAH, ACKY, DRKY, TPRY) or a quality screen (QUSA). It uses S&P 100 Index (OEX) options classified as Section 1256 contracts, and its expense ratio is 0.59%, compared with 0.95% for the other five funds as stated Nov 12, 2026. All six seek a 15% annual distribution rate, paid monthly.

No single covered call ETF suits every investor, and VistaShares does not rank funds. SIOO writes S&P 100 Index calls on a portfolio of all 100 S&P 100 companies and seeks a 15% annual distribution rate, paid monthly, with a 0.59% expense ratio. When comparing covered call ETFs, look at the underlying portfolio, how options are written, distribution sources including return of capital, fees and risks, and discuss them with your financial advisor.

SIOO’s ticker is SIOO, its CUSIP is 45259A233, and its shares are listed on the NYSE. The full name is VistaShares Target 15® S&P 100 Distribution ETF.

You can buy SIOO through a brokerage account by entering the ticker SIOO and placing an order while the market is open, as you would for a stock. Shares trade at market prices that may be above or below NAV, and commissions and bid-ask spreads may apply. A financial advisor can also buy SIOO for you.

The minimum investment in SIOO is one share, bought through a brokerage account. The cost of one share is its market price at the time of purchase, which is shown on the fund page with its as-of date, plus any commission your broker charges.

SIOO’s expense ratio is 0.59%, as stated on the fund page on Nov 12, 2026. It is an annual fee expressed as a percentage of the Fund’s assets and is reflected in the NAV rather than billed separately. The prospectus has full fee details.

SIOO’s inception date is December 11, 2025. As a recently organized fund, it has a limited operating history on which to base investment decisions.

SIOO is a listed ETF, so it can generally be held in an IRA or other retirement account at a brokerage firm that offers ETFs, subject to that firm’s rules. Tax treatment of distributions, including return of capital and Section 1256 option results, can differ inside a retirement account. Consult a tax advisor about your situation.

SIOO is a U.S.-listed ETF traded on the NYSE. VistaShares ETFs are US-listed; international investors should check with their local broker whether they can buy them.

Current figures, with their as-of dates, are on the SIOO fund page: distribution rate, 30-day SEC yield, NAV, market price, holdings and performance, along with the distribution calendar and Section 19(a) notices. The fund information line is (844) 875-2288.

SIOO’s full holdings list is on the fund page and is updated daily, showing each S&P 100 company and the index options written, with the as-of date. The fund page also shows the current distribution rate, NAV and performance with their dates.

The SIOO fund page links the Fund’s prospectus, summary prospectus, statement of additional information (SAI) and shareholder reports. You can also request them by calling (844) 875-2288. Read the prospectus carefully before investing.

SIOO’s main risks include equity market risk; options and derivatives risk, including the limit on gains from writing calls; focused portfolio risk; and new fund risk. Distributions are not guaranteed, may vary greatly and may include return of capital. Investments involve risk, including possible loss of principal.

Options risk in SIOO is the risk that its options positions behave differently from ordinary stock holdings and reduce returns. Option prices are volatile and depend on the value and anticipated volatility of the S&P 100 Index, time to expiration, and fiscal, monetary, political and economic events. Writing calls also limits gains in strong rallies. Investments involve risk, including possible loss of principal.

SIOO holds a relatively focused portfolio of the 100 S&P 100 companies, fewer issuers than many other ETFs. Holding fewer issuers can increase the risk that the Fund’s value falls because of poor performance by one or a few companies. The S&P 100 consists of large-cap companies across multiple industry groups. Investments involve risk, including possible loss of principal.

Equity market risk in SIOO is the risk that the large-cap U.S. stocks it holds fall in value, sometimes suddenly and unpredictably, or decline for long periods. Common stockholders also have inferior rights to receive payment compared with preferred stock and debt holders. Option premium does not offset these declines in full. Investments involve risk, including possible loss of principal.

SIOO launched on December 11, 2025, and is a recently organized fund, so investors have only a short track record on which to base decisions about how its S&P 100 portfolio and options strategy behave across different markets. The value of your investment may decline. Investments involve risk, including possible loss of principal.

SIOO is designed to seek high monthly income, targeting a 15% annual distribution rate paid monthly, from a portfolio of all 100 S&P 100 companies, and it could be considered a portion of the core equity allocation in a well diversified portfolio. Writing calls limits gains in strong rallies, the portfolio is focused on 100 large companies, and distributions are not guaranteed and may include return of capital. Whether SIOO is appropriate depends on your objectives and circumstances; discuss it with your financial advisor and read the prospectus.