VistaShares Shield Nasdaq 100 Enhanced Protection ETF · NASDAQ:QQQB
VistaShares Shield Nasdaq 100 Enhanced Protection ETF — VistaShares — Investor Presentation (September 2026)
15 slides from VistaShares Shield Nasdaq 100 Enhanced Protection ETF's investor presentation, Sep 9, 2026
Slide 1: Enhanced Protection ETFs: The Better Buffer
SHIELD VOOB Enhanced Protection ETFs VistaShares Shield S&P 500 Enhanced Protection ETF The Better Buffer The fund seeks an 8% monthly buffer, approximately 50% of losses beyond it during the QQQB period, and partial upside participation with no structural cap. Applied to two of the most VistaShares
Slide 2: Six constraints built into the current generation of buffer ETFs
THE PROBLEM Six constraints built into the current generation of buffer ETFs Each one is a consequence of how a defined outcome structure is funded and settled, not a choice any single issuer made. Constraint How it arises in a conventional defined outcome fund What it costs the advisor and the clie
Slide 3: What serialization has done to the category
THE PROBLEM What serialization has done to the category Laddering an outcome period across start months is the standard workaround for constraint four. It produces a large number of small funds. 420 191 12 Defined outcome funds Holding under $50 million Series in a full ladder In the category at the
Slide 4: How the Funds are constructed
THE SOLUTION How the Funds are constructed How each Fund obtains its exposure and how the protection is paid for. Nothing below is a prediction of results. 1 Collateral, not the index What each Fund seeks Each Fund holds cash and short-term U.S. Treasury securities for its derivatives transactions,
Slide 5: The same six constraints, and how Shield is built
THE SOLUTION The same six constraints, and how Shield is built The left column is the category. The right column is Shield. Neither column is a statement of results. Constraint The category How Shield is built Upside sold away to fund the buffer, fixed for the No structural cap that limits potential
Slide 6: An 8% buffer with 50% participation below it
THE ARITHMETIC An 8% buffer with 50% participation below it Pure arithmetic. No index, no fund, no assumption about how often any of these outcomes occurs. Decline in the reference asset over Absorbed by the 8% Excess below the Shared at 50% Net result the period buffer buffer A buffer of the same s
Slide 7: How often these indexes fall more than 8% in a month
INDEX HISTORY How often these indexes fall more than 8% in a month Having set the arithmetic, the question is how often each row of it applies. Month-end price returns, February 1985 through August 2026. S&P 500 Nasdaq-100 The rate is stable across every window tested 10% Monthly frequency sits betw
Slide 8: The breaches are few, clustered, and recognizable
INDEX HISTORY The breaches are few, clustered, and recognizable Declines worse than 8% in a month are not evenly distributed. They arrive in identifiable episodes. Worst single months S&P 500 Nasdaq-100 Clustering, not randomness Worst month on record October 1987, -21.8% October 1987, -27.0% • Nasd
Slide 9: Where monthly returns actually land
INDEX HISTORY Where monthly returns actually land Roughly a third of all months for both indexes fall between zero and -8%. That band is where an 8% buffer does its work. S&P 500 Nasdaq-100 The band that carries the weight 31.9% of S&P 500 months and 31.0% of Nasdaq-100 months land 50% 48.6% between
Slide 10: Why the tail matters more than the volatility
INDEX HISTORY Why the tail matters more than the volatility A loss and the gain required to erase it are not symmetric, and the gap widens fast. 450% 429% The two indexes in this material 400% The S&P 500 fell 52.6% peak to trough on month-end closes and 350% required a 111% gain to recover. The Nas
Slide 11: Why an 8% monthly band fits these two indexes
CALIBRATION Why an 8% monthly band fits these two indexes Each observation is index history. Each response is the structure. Neither is a statement about results. Observation from index history The figure What the structure does 21 of 499 S&P 500 months and 39 of 490 Nasdaq-100 months Declines worse
Slide 12: VOOB and QQQB
THE FUNDS VOOB and QQQB Both Funds run the identical structure. They differ only in the index to which each obtains exposure. Fund term VOOB QQQB Fund name VistaShares Shield S&P 500 Enhanced Protection ETF VistaShares Shield Nasdaq-100 Enhanced Protection ETF Index S&P 500 Index Nasdaq-100 Index Un
Slide 13: Before investing, the Funds, and the buffer
IMPORTANT INFORMATION Before investing, the Funds, and the buffer Before investing Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Funds, please call (844) 87
Slide 14: Sources, basis of preparation, and use of this material
IMPORTANT INFORMATION Sources, basis of preparation, and use of this material Index data Index figures are month-end price returns of the S&P 500 Index (^GSPC) and the Nasdaq-100 Index (^NDX) for the period February 1985 through August 2026, comprising 499 monthly observations for the S&P 500 and 49
Slide 15: Risks, distribution, and use
IMPORTANT INFORMATION Risks, distribution, and use New Fund Risk Each Fund is a recently organized management investment company with no operating history. As a result, prospective investors do not have an extensive track record or history on which to base their investment decisions. A new fund may