Vista Investment Management employs a Core Equity investment strategy for its portfolio portfolio, primarily using ETFs. The primary objective is growth of capital with a moderate level of risk. The portfolio is highly diversified and has exposure to virtually all major equity sectors. Market timing does not play a significant role in Vista's strategy. At all times, Vista will maintain at least an 85% exposure to equity investments.
Vista employs a Core Equity approach in an effort to achieve long-term returns in excess of the S&P 500 Index, while maintaining a level of risk that is equal to or less than this Index. It attempts to accomplish this by weighting market sectors that appear to be attractively valued relative to the S&P 500. Vista’s equity investment process relies heavily on the analysis of fundamental data to identify attractive investment opportunities.
Vista may take short positions if an arbitrage opportunity arises.
Utilizing analytical software, thousands of companies are screened and scored, based on value, growth, quality and momentum indicators. The analysis of individual companies provides the basis for making investment decisions regarding the relative valuation of market sectors. Investments are made in equity sectors that appear to be undervalued in relation to their earnings, cash flows and growth rates. This portfolio will primarily utilize ETFs, but on occasion may also invests in closed-end funds, individual common stocks, and ADRs.
Vista seeks exposure to all major industry sectors, growth and value stocks, large and small companies and international markets, primarily through the use of ETFs. Although exposure may vary, ETFs investing in large U.S. companies will typically comprise approximately 40% of the portfolio, mid and small company ETFs will also represent about 40%, and international ETFs (including emerging markets) will equal about 20% of the portfolio. The portfolio will typically hold 8 to 12 positions. Rebalancing is done on an ongoing basis. Generally, no individual position will exceed 20% of the portfolio.
When long-term fundamentals negatively change, or a price target is reached, the investment is sold. The partial sale of positions occur in order to rebalance the portfolio to reflect desired targets for various equity sectors.
Past performance is no guarantee of future results.
Performance of the portfolio manager's account is calculated by Covestor on a daily time-weighted basis, including cash, dividends and earnings distributions, and broker commissions. Manager returns include trades that fail Covestor's trading rules, do not reflect any Covestor suitability or risk score restrictions and are exclusive of Covestor fees. More
Average subscription returns ("Avg Sub" or "Avg Client") are calculated by Covestor and are composed of the average, daily, time weighted returns of all active subscriptions to the underlying portfolio. These daily average returns are then linked together for the timeframe requested. In addition, these returns include cash, dividends and earnings distributions, brokerage commissions, Covestor advisory fees, and reflect individual client suitability and risk score restrictions. More
All graph data is as of the end of day for the referenced period, unless otherwise specified. The subscription minimum is the minimum subscription required to follow a particular portfolio. The minimum amount is determined by Covestor, based on the characteristics of the underlying portfolio. It should not be considered as specific investment advice for your investment situation.
The performance charts are provided for informational purposes only, and should not be used as the basis for making an investment decision. Variables such as corporate actions or foreign exchange may affect daily performance displays. We rely on mathematical formulas, computer programs, and pricing information from third-party vendors to provide these returns. Neither Covestor nor any of its data or content providers shall be liable for any errors in this information or any actions taken by you in reliance upon this information.
Benchmark returns have been calculated by Covestor using a time-weighted calculation of daily index valuations. Benchmarks presented are total return and therefore inclusive of cash, dividends and earnings distributions but not transaction costs.
Leverage indicates the level of margin utilized and is calculated by dividing gross exposure by portfolio net liquidation value.
All Portfolio Manager information including personal data, profiles, strategies, monthly investment reports, and historical results outside of Covestor has been provided by the Portfolio Manager. Covestor makes no representation or warranty of its accuracy, completeness or relevance and it does not represent the opinions of Covestor. Transaction history is available upon request. Portfolio classifications (Approach, Asset Class) are provided by Covestor, and are intended to serve as a general guide.
These securities are currently held in the portfolio manager's brokerage account. Holdings in the "Replicable Holdings" table currently pass Covestor's trading rules, subject to individual client constraints. Eligibility for replication may change over time. Actual client subscription holdings may vary.
These transactions were executed in the portfolio manager's brokerage account. Those marked as "Replicable Transactions" passed Covestor's trading rules and were eligible for replication at the time of execution, subject to individual client constraints. Eligibility for replication may change over time. Actual client subscription trade activity may vary.