Vista IM

Core Equity

  • Strategy ETFs / Funds
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.
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.

Portfolio Manager performance


Last 30 days



Last 90 days



Last 365 days


Quarterly vs S&P500

Quarterly vs S&P500

Risk score

  • 11.6%

    Best quarter

  • -17.5%

    Worst quarter

    • 0.5% fee
    • $10,000 min
  • Required: Margin account

Portfolio Manager performance graph

All performance information on this page is based on the performance of the Portfolio Manager’s account. Client performance may differ. Client account performance is displayed on the client dashboard.

Performance Portfolio inception June 22, 2011

as of September 18, 2017 Manager (net of fees ) S&P 500
Last 30 days 4.4% 3.2%
Last 90 days 3.6% 2.7%
Last 365 Days 20.2% 17.0%
Since inception (Annualized) 10.8% 11.2%
2017 (YTD) 12.3% 11.8%
2016 14.7% 9.5%
2015 -3.8% -0.7%
2014 7.8% 11.4%
2013 25.6% 29.6%
2012 20.1% 13.4%

Risk metrics Last 365 days

as of September 18, 2017 Manager (net of fees ) S&P 500
Volatility 9.6% 7.7%
Sharpe Ratio 1.99 2.08
Sortino Ratio 3.00 3.00
Maximum Drawdown -5.1% -4.2%
Value-at-risk (95%, 1 week) -2.2% -1.8%
vs. S&P 500
Information Ratio 0.85
Alpha 0.2%
Beta 1.16
R-Squared 0.87


  • Equity Fund
  • Specialty Fund

Top 5 securities

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Portfolio commentary

  1. Profile Picture Be wary of Trumphoria January 20, 2017

    Investors may be leaning over the tip of their skis about Trump

  2. Profile Picture In search of earnings growth May 18, 2016
  3. Profile Picture US stock valuations improve amid market turmoil October 19, 2015
  4. Profile Picture Rates, earnings shape stock market contours July 27, 2015
  5. Profile Picture The stock market's Fed dependency problem April 22, 2015
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Latest transactions Average trades per month 0.3

Executed Symbol Security Type Price
March 28, 2017 VGT Vanguard Information Technology ETF Buy $134.85
March 28, 2017 XLE Energy Select Sector SPDR Fund Sell $69.02
March 09, 2017 VIG Vanguard Dividend Appreciation ETF Buy $90.52
March 09, 2017 IJH iShares Core S&P Mid-Cap ETF Buy $170.17
March 09, 2017 IJR iShares Core S&P Small-Cap ETF Sell $67.93
January 13, 2016 IJR iShares Core S&P Small-Cap ETF Buy $99.80
January 13, 2016 IJH iShares Core S&P Mid-Cap ETF Buy $127.50
February 11, 2015 VEA Vanguard FTSE Developed Markets ETF Buy $38.79
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Manager's other portfolios

Vista IM - Core Holding Core Holding

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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-IB Asset Management performance information may include performance of non-IB Asset Management client accounts. Performance of the Portfolio Manager's account is calculated by IB Asset Management 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 IB Asset Management's trading rules, as a result, actual client returns will differ. IB Asset Management 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 IB Asset Management client account investing in this portfolio. The performance in an IB Asset Management 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 IB Asset Management 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 IB Asset Management, 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 IB Asset Management 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 IB Asset Management using daily benchmark prices and do not include dividend income. More information here. For certain portfolios IB Asset Management 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 IB Asset Management has been provided by the Portfolio Manager. IB Asset Management makes no representation or warranty of its accuracy, completeness or relevance and it does not represent the opinions of IB Asset Management. Transaction history of Portfolio Managers is available upon request. Portfolio classifications are provided by IB Asset Management, and are intended to serve as a general guide.
  8. Not all transactions listed will appear in accounts due to IB Asset Management's trading rules and individual client constraints. Eligibility of these securities is monitored periodically, and may change over time. Actual client investment holdings may vary.
  9. 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.
  10. 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.