Vista IM Profile Picture Investment Adviser

Vista IM

Vista IM

  • EducationUniversity of Pittsburgh; Penn State University
  • QualificationsMBA, BS, CFA, CPA
  • Investment ExperienceOver 25 years experience
  • Founded2002

Core Equity

Vista Investment Management employs a Core Equity investment strategy for its 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.

Risk score

Risk Score 4
4
16.0%

Best 30 days

-17.0%

Worst 30 days

Performance

  • -3.3%
    30 day
  • -4.0%
    90 day
  • 5.8%
    365 day
    June 22, 2011
Monthly vs S&P500
Vista IM - Core Equity Monthly vs S&P500
-8.0% 12 months
  • $10,000 investment min
  • Margin account required
  • 0.5% fee

Replicability

100.0%
  • Replicable

Top 5 securities View all

19.1%
14.7%
14.4%
13.9%
11.1%

Portfolio commentary

  1. This bull market is looking wobbly

    15 October 2014

    The sell off in small-cap stocks may be a bad omen for broader market.

  2. Earnings, not the Fed, will shape stock prices going forward 10 July 2014
  3. Tech shares aside, most stocks are reasonably valued 15 April 2014
  4. Beware of frothiness in the stock market 10 January 2014
  5. We've had a remarkable rally since the financial crisis 8 October 2013

show more


Performance detail

  • Manager (net of fees)

Performance

Covestor inception June 22, 2011

as of October 22, 2014 Manager (net of fees) S&P 500
Past 30 days -3.3% -3.2%
Past 90 days -4.0% -2.6%
Past 365 days 5.8% 12.1%
Since Covestor inception (Annualized) 11.8% 15.3%
2014 (YTD) 1.9% 6.0%
2013 25.6% 32.4%
2012 20.1% 16.0%

Risk metrics

Last 365 days

as of October 22, 2014 Manager (net of fees) S&P 500
Best 30 days 7.7% 7.9%
Worst 30 days -6.4% -6.7%
Volatility 10.9% 10.9%
Sharpe Ratio 0.53 1.11
Sortino Ratio 0.72 1.45
Maximum Drawdown -7.6% -7.3%
Value-at-risk (95%, 1 week) -2.5% -2.5%
vs. S&P 500
Information Ratio - 2.07
Alpha -5.4%
Beta 0.96
R-Squared 0.92
  • $10,000 investment min
  • Margin account required
  • 0.5% fee

Latest transactions View all

Average trades per month 0.4
Executed Symbol Security Replicable Type Price
03/15/13 ZIV VelocityShares Daily Inverse VIX Medium Term ETN   Buy $30.20
03/15/13 SVXY ProShares Short VIX Short-Term Futures ETF Yes Sell $90.53
12/26/12 SVXY ProShares Short VIX Short-Term Futures ETF Yes Buy $67.74
07/20/12 IJR iShares Core S&P Small-Cap ETF Yes Buy $73.12
07/20/12 BXUC Barclays ETN+long C Leveraged ETN Linked to S&P 500   Sell $157.43
07/20/12 VWO Vanguard FTSE Emerging Markets ETF Yes Buy to cover $39.33
06/22/12 VWO Vanguard FTSE Emerging Markets ETF   Sell short $38.63
06/22/12 IIF Morgan Stanley India Investment Fund Inc Yes Buy $14.59

Important Information

  1. Past performance is no guarantee of future results.
  2. 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 and positions that fail Covestor's trading rules, as a result, actual client returns will differ. Covestor advisory fees are simulated and applied retro-actively to present the portfolio return "net-of-fees".
  3. Average client returns are calculated by Covestor and are composed of the average, time-weighted returns of all active client investments (some of which may contain investment restrictions) to the underlying portfolio. These daily average returns are then linked together for the timeframe presented. These returns include cash, dividends, earnings distributions, brokerage commissions and Covestor advisory fees.
  4. All graph data is as of the end of day for the referenced period, unless otherwise specified. The investment minimum is the minimum investment 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.
  5. 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.
  6. 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. More
  7. Leverage indicates the level of margin utilized and is calculated by dividing gross exposure by portfolio net liquidation value.
  8. 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 are provided by Covestor, and are intended to serve as a general guide.
  9. Transactions that are marked as "Replicable" 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 investment trade activity may vary.
  10. Index returns do not reflect any management fees, transaction costs or expenses. Individuals cannot invest directly in an Index.