Core Equity

Managed by Vista IM

1.3% Last 30 days 4.9% Last 90 days 12.4% Last 365 days 0.74 Sharpe Ratio -12.2% Max Drawdown

Core Equity

Managed by Vista IM

1.3% Last 30 days 4.9% Last 90 days 12.4% Last 365 days 0.74 Sharpe Ratio -12.20 Max Drawdown
Risk score
Strategy ETFs / Funds
AUM fee 0.50%
Requirements
• Investment minimum: $10,000
or Sign up to invest
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.

Research

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.

Approach

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.

Allocation discipline

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.

Sell discipline

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.

Exceptions

None.
  • All performance information on this page is based on the performance of the Portfolio Manager’s account. Client performance may differ. This information was calculated on December 05, 2019.

    Daily returns
    Performance
    S&P 500 ETF
    Manager (net of fees)
    Last 30 days 1.3% 1.6%
    Last 90 days 4.9% 5.2%
    Last 365 Days 12.4% 17.7%
    Since inception (Annualized) 10.1% 13.2%
    2019 (YTD) 21.1% 26.6%
    2018 -9.1% -4.6%
    2017 20.7% 21.7%
    2016 14.7% 12.0%
    2015 -3.8% 1.2%
    2014 7.8% 13.5%
    2013 25.6% 32.2%
    2012 20.1% 16.1%
    Risk metrics (last 365 days)
    S&P 500 ETF
    Manager (net of fees)
    Volatility 14.6% 14.5%
    Sharpe Ratio 0.74 1.11
    Sortino Ratio 0.97 1.41
    Maximum Drawdown -12.2% -12.8%
    Value-at-risk (95%, 1 week) -3.4% -3.4%
    Additional metrics (last 365 days)
    vs. S&P 500 ETF
    Information Ratio -1.7%
    Alpha -4.28
    Beta 0.98
    R-Squared 1.0%
  • You must login to see the holdings and transactions of this portfolio
  • Portfolio updates
    Loading...
    Blog posts
    Loading...

About Vista IM

Vista Investment Management is a registered investment adviser that manages assets primarily for high net worth individuals. As of June 2017, it has about $100 million of assets under management. Vista's founder, John Frankola, has 36 years of experience in the investment and financial management fields. Prior to establishing Vista, John held the positions of Research Director and Senior Portfolio Manager at a regional investment firm. In addition, he served on the Firm’s Board of Directors. John holds a MBA from the University of Pittsburgh and BS in Accounting from Pennsylvania State University. He is a CFA charterholder and a CPA (inactive).

Investment process

Vista Investment Management employs a Core Equity investment strategy. 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 investment process.

How I got started

Vista Investment Management was established in 2002. It provides investment management services primarily to high net worth individuals and families. Vista's founder, John Frankola, has 36 years of experience in the investment and financial management fields.

Important Information

  1. Past performance is no guarantee of future results, and all investments, including those in this portfolio, involve the risk of loss, including loss of principal and a reduction in earnings.
  2. All performance information on this page is based on the performance of the Portfolio Manager’s account, using the manager’s own funds. Portfolio Manager’s pre-Interactive Advisors performance information may include performance of non-Interactive Advisors client accounts. Performance of the Portfolio Manager's account is calculated by Interactive Advisors on a daily time-weighted basis, including cash, dividends and earnings distributions and reflects the deduction of broker commissions. Manager returns include trades and positions that fail Interactive Advisors' trading rules, as a result, actual client returns will differ. Interactive Advisors advisory fees are simulated and applied retroactively to present the portfolio return "net-of-fees".
  3. None of the performance information displayed on this page is based on the actual performance of any Interactive Advisors client account investing in this portfolio. The performance in an Interactive Advisors client account invested in this portfolio may differ (i.e., be lower or higher) from the Portfolio Manager’s account performance based on any trading restrictions imposed by the client (resulting in different account holdings), time of initial investment, amount of investment, frequency and size of cash flows in and out of the client account, applicable brokerage commissions, and different corporate actions.Clients investing in this portfolio may view the actual performance of their investment in this portfolio by logging into their Interactive Advisors account and reviewing their customized dashboard.
  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 Interactive Advisors, 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. We rely on mathematical formulas, computer programs, and pricing information from third-party vendors to provide these returns. Neither Interactive Advisors 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 displayed have been calculated by Interactive Advisors using daily adjusted close prices and include dividend income. More information here. For certain portfolios Interactive Advisors uses an index as a benchmark, while for others it uses an investable exchange traded fund (ETF) as a benchmark. Index returns do not reflect the deduction of any management fees, transaction costs or expenses. Individuals cannot invest directly in an index. Investable ETF returns reflect the deduction of (i.e., are net of) management fees, transaction costs and expenses.
  7. All Portfolio Manager information including personal data, profiles, strategies, monthly investment reports, and historical results outside of Interactive Advisors has been provided by the Portfolio Manager. Interactive Advisors makes no representation or warranty of its accuracy, completeness or relevance and it does not represent the opinions of Interactive Advisors. Transaction history of Portfolio Managers is available upon request. Portfolio classifications are provided by Interactive Advisors, and are intended to serve as a general guide.
  8. These securities are currently held in the Portfolio Manager's brokerage account. Positions in the "Portfolio Holdings" table currently pass Interactive Advisors' trading rules, subject to individual client constraints. Eligibility for replication may change over time. Actual client investment holdings may vary.
  9. Not all transactions listed will appear in accounts due to Interactive Advisors' trading rules and individual client constraints. Eligibility of these securities is monitored periodically, and may change over time. Actual client investment holdings may vary.
  10. Real time transaction history for this portfolio is not available. Instead, the portfolio's positions are replicated daily. If you have any questions, please contact Client Services.
  11. Simulated performance of multi-manager portfolios is calculated as a weighted average daily performance of the underlying portfolios. It reflects the allocations through time of portfolios included in the multi-manager portfolio. The simulation does not include trading costs for changes to allocations, for example when the multi-manager portfolio is rebalanced. This means performance will be overstated, though not materially, relative to what a client might achieve. Fees are subtracted from the performance on a monthly basis to present the net return.
  12. This portfolio was launched on Interactive Advisors on June 22, 2011.
  13. The actual performance chart is provided for informational purposes only, and should not be used as the basis for making an investment decision. We rely on mathematical formulas, computer programs, and pricing information from third-party vendors (Refinitiv Worldscope database) to provide these returns. Neither Interactive Advisors 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.
  14. This portfolio was launched on Interactive Advisors on June 22, 2011. Returns information prior to the launch date consists of hypothetical back-tested data not based on actual trading of real client funds. These hypothetical results reflect the deduction of (i.e., are net of) Interactive Advisors' advisory fee, Interactive Brokers LLC brokerage or other commissions and other expenses that a client will have to pay if he invests in this portfolio after June 22, 2011. Hypothetical back-tested results are not an indicator of the future returns a client will realize by investing in this portfolio and no Interactive Advisors client actually attained these hypothetical results. For a more detailed discussion of an explanation of the hypothetical nature of this return information and a discussion of the calculation methodology used, review these disclosures.
  15. The actual performance of the manager account displayed on this page is based on the performance of an Interactive Advisors proprietary account invested using this strategy and is calculated by Interactive Advisors on a daily time-weighted basis, including cash, dividends and earnings distributions. The actual performance for this portfolio is presented “net of fees” and reflects the deduction of the Interactive Advisors advisory fee, Interactive Brokers LLC brokerage and other commissions and expenses that a client has to pay if he invests in this portfolio after the launch date.
  16. Transaction history is available upon request. Portfolio classifications are provided by Interactive Advisors, and are intended to serve as a general guide.
  17. The Portfolio Manager could use short selling to manage this portfolio. Short selling is more complex than simply owning securities, involves a high degree of risk, is highly speculative, and is not suitable for all investors. The risk of loss associated with short selling is virtually unlimited. Short selling may also involve additional expenses and risks, including hard-to-borrow stock charges and buy-in risk. You should only select a portfolio using short selling if you are comfortable with the level of risk involved in short selling.
  18. The Portfolio Manager could use borrowed funds or leverage to fund investments in this portfolio. Leverage indicates the level of margin utilized and is calculated by dividing gross exposure by portfolio net liquidation value. Leverage involves a high degree of risk, is highly speculative, and is not suitable for all investors. Leverage increases both the amount you may lose and the amount you may make in a portfolio, leading to higher returns in the case of favorable market movements but also larger losses under adverse market conditions. You may also incur additional expenses associated with borrowing funds. You should only select a portfolio using leverage if you are comfortable with the level of risk involved in using leverage.