TPRY Disclosure

VistaShares Target 15™ TEPRTantrum Contrarian Distribution ETF (NYSE: TPRY)

Disclosure & Disclaimer

Last Updated: March 17, 2026

Advertising Disclosure

Wolf Financial LLC ("Wolf Financial") may publish content referencing the VistaShares Target 15™ TEPRTantrum Contrarian Distribution ETF ("TPRY"). Wolf Financial has been contracted to disseminate information about TPRY. This relationship creates a potential conflict of interest.

About This ETF

The VistaShares Target 15™ TEPRTantrum Contrarian Distribution ETF (TPRY) is an actively managed exchange-traded fund designed to generate monthly income through a combination of equity exposure and an options-based income strategy. The fund's equity portfolio is constructed using a rules-based methodology that tracks the largest publicly disclosed holdings from Appaloosa Management's 13F filings.

The fund utilizes options contracts to generate premiums that may support monthly income distributions.

• Strategy type: Equity + options-based income
• Income objective: High monthly distributions
• Management style: Active
• Expense ratio: 0.95%
• Primary exchange: NYSE
• Fund page: https://www.vistashares.com/etf/tpry/

Important Risk Disclosures

This ETF may not be suitable for all investors.

TPRY employs an options-based income strategy in addition to holding equity securities. Options strategies involve risks that differ from those of traditional equity investments. The fund's performance depends on both the equity portfolio and the income generated through options premiums.

Key risks include, but are not limited to:

• Options strategy risk, including the potential for limited upside participation
• Equity market risk across multiple sectors and market capitalizations
• Concentration risk tied to a portfolio derived from a single manager's publicly disclosed holdings
• Risk that 13F-based holdings may not reflect Appaloosa Management's current portfolio, as filings are reported with a delay
• Distribution risk - there is no guarantee that the fund will achieve its targeted income level
• Single-fund concentration in a strategy that may underperform in certain market conditions

Distributions are not guaranteed. Past distribution levels are not indicative of future payouts. An investor could lose some or all of their investment.

Position Disclosure

As of the date above, Wolf Financial LLC and its affiliated creators do not hold positions in TPRY.

No Investment Advice

This content is provided for informational and educational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security.

Wolf Financial LLC is not a registered investment adviser or broker-dealer.

Investors should carefully review the fund's prospectus and consider their own financial situation and risk tolerance before investing.

Compensation

The Investing Authority ("TIA"), on behalf of VistaShares, has contracted Wolf Financial LLC to publicly disseminate information about TPRY via digital communications. Wolf Financial LLC is being paid $216,000 USD for a promotional campaign running from January 1, 2026 through January 1, 2027.

Official Fund Resources

• Issuer website: https://www.vistashares.com/
• Fund page: https://www.vistashares.com/etf/tpry/
• SEC filings: https://www.sec.gov

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