MutualFundWire.com: With Tidal, a DE Shop Adds Another Option Income Fund

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Tuesday, May 6, 2025

With Tidal, a DE Shop Adds Another Option Income Fund

The folks at a Mid-Atlantic boutique and a Midwestern ETF-in-a-box shop are teaming again to launch another option-income fund designed to generate 15 percent income annually.

Today, Adam Patti, CEO of VistaShares, unveils the debut of the VistaShares Target 15 USA Quality Income ETF (QUSA on the NYSE Arca, Inc.). (Previously, the VistaShares team planned to use VQAL as the new ETF's ticker.) Milwaukee-based Tidal Investments LLC [profile] serves as QUSA's investment advisor, while Dover, Delaware-based VistaSahres Advisors, LLC serves as sponsor and subadvisor.

QUSA's inception date is today. The new fund comes with an expense ratio of 95 basis points.

The new ETF PM team includes:

Qiao Duan, portfolio manager at Tidal;

Christopher Mullen, PM at Tidal;

Patti at VistaShares; and

Jay Pestrichelli, PM at Tidal.

Patti puts the launch of QUSA in the context of the massive size of "the universe of factor ETFs." The VistaShares team lays claim to the new ETF being an industry first.

"To this point, there were no ETFs that provided factor-driven exposures with an equity options overlay," Patti states. "We're thrilled to be first to market with QUSA as the next addition to our Target 15 lineup of funds."

QUSA is an actively managed, non-diversified series of Tidal Trust III. The new ETF's other service providers include:

ACA's Foreside Fund Services, LLC as distributor;

Sullivan & Worcester LLP as counsel;

Tait, Weller & Baker LLP as independent accoutning firm;

Tidal ETF Services LLC as administrator;

U.S. Bancorp Fund Services, LLC (dba U.S. Bank Global Fund Services) as fund accountant and transfer agent; and

U.S. Bank, N.A. as custodian.