Adam Patti and his team are rolling out another thematic index fund with help from familar allies.

Adam Scott Patti VistaShares President, CEO

Late last month, Patti, CEO of VistaShares, and Jon McNeill, co-founder, unveiled the launch of the VistaShares Electrification Supercycle ETF (POW on the NYSE Arca, Inc., though its ticker was initially going to be EVS). Dover, Delaware-based VistaShares Advisors serves as subadvisor and sponsor for POW, while serial VistaShares partner Tidal Investments (based in Madison, Wisconsin) serves as investment advisor, and BITA GmbH serves as index provider.

POW's inception date was October 28. The new ETF comes with an expense ratio of 75 basis points.

The new fund is designed to track the BITA VistaShares Electrification Supercycle Index. POW has a five-person PM team, which includes:

Qiao Duan, portfolio manager at Tidal;

Christopher Mullen, PM at Tidal;

Robert Whitelaw, chief investment strategist at VistaShares;

McNeill; and

Patti.

Patti puts the launch of POW in the context of trillions of dollars "being invested to rebuild the grid." McNeill adds that POW is powered by a committee that is "an all-star team of finance, investing and electrification experts."

"POW provides access to the grid-technology leaders rebuilding the energy highways that connect generation to innovation; an exposure critical for investors focused on the decades ahead," Patti states.

POW is a passively managed series of Tidal Trust III. The new ETF's other service providers include:

ACA's Foreside Fund Services, LLC as distributor;

Sullivan & Worcester LLP as counsel;

Tait, Weller & Baker LLP as independent accounting firm;

Tidal ETF Services LLC as administrator;

U.S. Bancorp Fund Services, LLC (dba U.S. Bank Global Fund Services) as fund accountant and transfer agent; and

U.S. Bank N.A. as custodian.

 

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