Dividend Vision Model Portfolios
Target Funds
ETFs that target a specific annual distribution rate, including the VistaShares Target 15 family and other high-distribution funds.
Updated Nov 5, 2026
Holdings
Rates, payout schedules and scores are refreshed from our data on every site update. Open a fund for its full analysis.
| Ticker | Fund | Weight | Dist. rate | Pays | Distribution Safety Score™ | Expense |
|---|---|---|---|---|---|---|
| BIGY | YieldMax Target 12 Big 50 Option Income ETF | 8.5% | 11.87% | Monthly | 79 Generally safe | 1.09% |
| SOXY | YieldMax Target 12™ Semiconductor Option Income ETF | 16.9% | 12.25% | Monthly | 79 Generally safe | 1.06% |
| RNTY | YieldMax Target 12 Real Estate Option Income ETF | 4.2% | 11.90% | Monthly | 79 Generally safe | 0.99% |
| OMAH | VistaShares Target 15 Berkshire Select Income ETF | 16.9% | 14.95% | Monthly | 79 Generally safe | 0.98% |
| QUSA | VistaShares Target 15 USA Quality Income ETF | 8.5% | 15.44% | Monthly | 73 Generally safe | 0.97% |
| SIOO | VistaShares Target 15™ S&P 100 Distribution ETF | 16.9% | 15.42% | Monthly | 77 Generally safe | 0.59% |
| ACKY | VistaShares Bill Ackman Target 15 Income Fund | 1.7% | 14.47% | Monthly | 72 Generally safe | 0.95% |
| DRKY | VistaShares Target 15™ Stanley Druckenmiller Income ETF | 1.7% | 15.16% | Monthly | 79 Generally safe | 0.95% |
| SPYT | Defiance S&P 500 Income Target ETF | 4.2% | 20.45% | Monthly | 67 Generally safe | 0.92% |
| QQQT | Defiance Nasdaq 100 Income Target ETF | 5.9% | 21.00% | Monthly | 65 Generally safe | 1.20% |
| TLTP | Amplify TLT U.S. Treasury 12% Option Income ETF | 4.2% | 13.03% | Monthly | 79 Generally safe | 0.39% |
| XV | Simplify Target 15 Distribution ETF | 4.2% | 15.16% | Monthly | 48 Caution | 0.76% |
| XXV | Simplify Ancorato Target 25 Distribution ETF | 4.2% | 26.54% | Monthly | 51 Caution | 0.85% |
| TPRY | VistaShares Target 15™ TEPRTantrum Contrarian Distribution ETF | 1.7% | 15.67% | Monthly | 76 Generally safe | 0.95% |
Portfolio Distribution Safety Score™
Weighted by each fund's share of the projected income. 12% of the income comes from funds scoring under 60. The ring shows how the income splits across score bands.
Why these picks
- BIGY
Seeks a targeted level of monthly income by investing at least 80% of assets in the U.S.-listed shares of the Big 50 companies and in options contracts written on them. Distribution Safety Score™ 79 (Generally safe); pays about 11.9% monthly; 1.09% expense ratio. Watch: a small fund ($31M), so mind the trading spreads.
- SOXY
Seeks monthly income by holding U.S.-listed semiconductor equities directly and writing options contracts on some or all of those underlying holdings. Distribution Safety Score 77 (Generally safe); pays about 11.7% monthly; 1.06% expense ratio; $67M in assets.
- RNTY
Seeks monthly income by holding a portfolio of U.S.-listed real estate equities and generating premium through options contracts written on those holdings and on real estate ETFs. Distribution Safety Score 79 (Generally safe); pays about 12.0% monthly; 0.99% expense ratio. Watch: a small fund ($4.8M), so mind the trading spreads.
- OMAH
VistaShares Target 15 Berkshire Select Income ETF. Distribution Safety Score 79 (Generally safe); pays about 15.3% monthly; 0.98% expense ratio; $1.1B in assets.
- QUSA
VistaShares Target 15 USA Quality Income ETF. Distribution Safety Score 71 (Generally safe); pays about 15.6% monthly; 0.97% expense ratio. Watch: a small fund ($21M), so mind the trading spreads.
- SIOO
Provides monthly income targeting a 15% annualized distribution by holding S&P 100 names and writing covered calls against the portfolio. Distribution Safety Score 77 (Generally safe); pays about 15.6% monthly; 0.59% expense ratio. Watch: a small fund ($25M), so mind the trading spreads; launched 11 months ago, so its record is short.
- ACKY
VistaShares Bill Ackman Target 15 Income Fund. Distribution Safety Score 68 (Generally safe); pays about 15.0% monthly; 0.95% expense ratio. Watch: a small fund ($45M), so mind the trading spreads.
- DRKY
VistaShares Target 15™ Stanley Druckenmiller Income ETF. Distribution Safety Score 79 (Generally safe); pays about 15.3% monthly; 0.95% expense ratio. Watch: a small fund ($20M), so mind the trading spreads.
- SPYT
Seeks current income with secondary exposure to the S&P 500 Index through a strategy of holding index ETFs. Distribution Safety Score 64 (Generally safe); pays about 20.8% monthly; payouts down 9% over the past year; 0.92% expense ratio; $169M in assets.
- QQQT
Actively managed fund that seeks monthly income by holding passively managed ETFs tracking the Nasdaq-100 Index and selling daily credit call spreads on the index. Distribution Safety Score 62 (Generally safe); pays about 21.2% monthly; payouts down 7% over the past year; 1.20% expense ratio. Watch: a small fund ($50M), so mind the trading spreads.
- TLTP
Seeks to track the Bloomberg U.S. Treasury 20+ Year 12% Premium Covered Call 2.0 Index. Distribution Safety Score 79 (Generally safe); pays about 13.1% monthly; payouts down 4% over the past year; 0.39% expense ratio. Watch: a small fund ($31M), so mind the trading spreads.
- XV
Seeks to deliver a 15% annualized distribution target by blending income-oriented fixed income, core equity exposure, and systematic option overlays within an actively managed portfolio. Distribution Safety Score 48 (Caution); pays about 15.3% monthly; 0.75% expense ratio; $105M in assets. Watch: a lower score, so treat the payout as less secure.
- XXV
Seeks to deliver a 25% annualized distribution target by blending income-oriented fixed income, core equity exposure, and systematic option overlays within an actively managed portfolio. Distribution Safety Score 54 (Caution); pays about 26.0% monthly; 0.85% expense ratio. Watch: a lower score, so treat the payout as less secure; a small fund ($50M), so mind the trading spreads.
- TPRY
Mirrors David Tepper's Appaloosa Management top 20 holdings with a data-driven monthly options income strategy, primarily seeking income and secondarily long-term capital appreciation. Distribution Safety Score 76 (Generally safe); pays about 15.6% monthly; 0.95% expense ratio. Watch: a small fund ($3.4M), so mind the trading spreads; launched 9 months ago, so its record is short.
Reasons written Nov 4, 2026; the holdings table above shows today's figures.
Backtest
+16.5% total return since Oct 2025 (15.4% a year)
| Series | Total return | Per year | Last 12 mo | Max drawdown | Volatility |
|---|---|---|---|---|---|
| Target Funds | +16.5% | 15.4% | +14.6% | −11.1% | 16.9% |
| SPY | +13.3% | 12.4% | +11.6% | −8.9% | 12.9% |
| SCHD | +35.4% | 32.8% | +39.0% | −6.9% | 11.4% |
Oct 8, 2025 to Nov 3, 2026. Buy-and-hold at the listed weights, distributions reinvested (adjusted close). Left out: SIOO, XXV, TPRY (under a year of usable price history; the rest are reweighted). Past performance does not guarantee future results.
Frequently asked questions
How was the Target Funds backtest calculated?
It holds the listed weights from Oct 8, 2025 to Nov 3, 2026 without rebalancing and reinvests every distribution, using split- and distribution-adjusted prices. Benchmarks are measured the same way. Funds with less than a year of usable price history are left out and the rest reweighted. Past performance does not guarantee future results.
What is this portfolio's Distribution Safety Score?
73 out of 100 (Generally safe). It averages each fund's Distribution Safety Score, weighted by its share of the portfolio's projected income. It is a rules-based estimate of how dependable the payouts are, not a guarantee.
How much income does Target Funds pay?
The holdings' current distribution rates blend to about 15.2% a year at the listed weights. Distribution rates change as funds raise, cut or vary their payouts.
Is this investment advice?
No. Model portfolios are examples for research and education. They are not recommendations to buy or sell any security, and you are responsible for your own decisions.
More model portfolios
Disclaimer: Model portfolios are illustrative examples for research and education, not investment advice or a recommendation to buy or sell any security. Distribution rates and scores change. Backtests are hypothetical, assume distributions are reinvested and ignore taxes and trading costs. Investing involves risk, including loss of principal.