QUSA: VISTASHARES TARGET 15 USA QUALITY INCOME ETF
What this ETF is trying to do
The VistaShares Target 15 USA Quality Income ETF (QUSA) is designed to provide investors with income from quality U.S. companies. It focuses on a portfolio of 120 holdings, aiming to balance income generation with the stability of established businesses.
What the numbers show
As of October 9, 2026, the share price of QUSA was $17.91. To understand how the price has changed, we can look at the price return, which only measures the change in the share price.
• Year-to-Date (YTD) Price Return: -1.08%
• One-Year Price Return: -8.34%
However, the total return tells a different story because it includes the cash distributions paid to investors. The YTD total return was 10.74%, and the one-year total return was 6.54%. This shows that while the share price declined, the overall return was positive due to the distributions.
For a simple example, if an investor had put $10,000 into the ETF roughly one year ago (when the estimated price was $19.54), the value of those shares alone would have decreased. But when adding the cash distributions, the total value would have increased based on the 6.54% total return.
Income and distribution explanation
QUSA is built for income. It usually pays distributions monthly and has paid 12 times in the last year.
• Distribution Yield: 15.29%
• Trailing Distributions: $2.74 per share
It is important for beginners to remember that a high distribution yield alone can be misleading. A high yield does not guarantee that the investment is growing; it only shows how much cash is being paid out relative to the share price.
Price and NAV erosion explanation
The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.
Regarding price-based evidence, QUSA has an erosion score of 75, which is labeled as "Mild price erosion." This means the share price has shown some downward trend. However, the "severe erosion-risk flag" is false, meaning it did not trigger the most serious warning level.
Top Holdings
The portfolio is diversified across many companies. As of October 11, 2026, the top holdings included:
• Oracle Corp: 6.04%
• General Dynamics Corp: 5.94%
• Illinois Tool Works Inc: 4.95%
• CME Group Inc Class A: 4.94%
• Mastercard Inc Class A: 4.64%
Pros
• Provides a high distribution yield.
• Pays income frequently (usually monthly).
• Positive total returns over the last year and YTD, despite a falling share price.
Cons
• The share price has declined over the last year.
• It has a "mild" price erosion risk score.
Beginner takeaway
QUSA is an income-focused ETF. While its share price has dropped recently, the cash it pays out has been enough to keep the total return positive. Investors in these types of funds generally care about "principal stability," which means they want the share price to stay steady while they collect income. In this case, the income is high, but the share price has faced some decline.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | ORACLE CORP | ORCL | 6.04% |
| 2 | GENERAL DYNAMICS CORP | GD | 5.94% |
| 3 | ILLINOIS TOOL WORKS INC | ITW | 4.95% |
| 4 | CME GROUP INC CLASS A | CME | 4.94% |
| 5 | MASTERCARD INC CLASS A | MA | 4.64% |
| 6 | FASTENAL CO | FAST | 4.62% |
| 7 | AMETEK INC | AME | 4.57% |
| 8 | COSTCO WHOLESALE CORP | COST | 4.49% |
| 9 | VISA INC CLASS A | V | 4.49% |
| 10 | PROCTER & GAMBLE CO | PG | 4.42% |