OMAH, the VistaShares Target 15 Berkshire Select Income ETF, is built around a simple pitch with a lot of moving parts underneath: hold a Berkshire Hathaway–style stock portfolio, layer an options overlay on top, and pay shareholders a target of roughly 15% a year — in monthly checks. Shares last traded at $18.89, inside a 52-week range of $17.82 to $19.68.
That's notable because Warren Buffett famously built Berkshire to avoid paying a dividend. OMAH takes a Berkshire-like basket and engineers the income that Berkshire itself doesn't distribute. This piece walks through what the fund holds, what it pays, how much of any price decline is income versus principal, and how the whole package compares to simply owning BRK-B.
A note on timing: OMAH launched in March 2025 and has limited live performance data, which makes it harder to evaluate across a full market cycle. Treat everything below as an early read, not a long-term track record.
Performance and yield figures are historical and may change. Total return includes price movement and distributions where available. Past performance does not guarantee future results. Yield is not the same as total return.
The income, in real numbers
The latest declared distribution was $0.2326 per share, declared 2026-07-24, and OMAH pays monthly. Multiply that latest payout by 12 against the current price and you get an annualized run-rate of 14.78%. Over the trailing twelve months, the fund distributed $2.8223 per share, a TTM distribution yield of 14.94%.
| Income metric | Figure |
| Latest monthly distribution | $0.2326 per share (declared 2026-07-24) |
| Payment frequency | Monthly |
| Annualized run-rate | 14.78% |
| TTM distributions | $2.8223 per share |
| TTM distribution yield | 14.94% |
One caveat that matters: these distributions are variable. The fund targets a level of income, but the actual monthly amount can move up or down with market conditions and the performance of the options overlay. The figures above are the latest actuals, not a guaranteed forward rate.
What OMAH actually holds
Under the hood, OMAH mirrors the kind of equity book Berkshire itself runs. The top positions read like a page from Berkshire's own portfolio, plus a direct slug of BRK-B. Weights are as of mid-July 2026 and drift daily; the top 10 holdings together are about 57.5% of the fund — a genuinely concentrated book.
| Holding | Weight |
| Berkshire Hathaway (BRK-B) | 10.1% |
| Apple (AAPL) | 7.6% |
| American Express (AXP) | 5.8% |
| Delta Air Lines (DAL) | 5.3% |
| DaVita (DVA) | 5.2% |
| Sirius XM (SIRI) | 5.1% |
| Bank of America (BAC) | 5.0% |
| Chubb (CB) | 4.9% |
| Moody's (MCO) | 4.8% |
| Kraft Heinz (KHC) | 4.8% |
The sector mix leans heavily toward financials, which is consistent with Berkshire's insurance-and-banking DNA. Financial Services alone is more than a third of the fund.
Financial Services sits at 38.3%, followed by Communication Services at 17.8%, Consumer Defensive at 13.0%, Technology at 11.7%, Energy at 8.8%, and Industrials and Healthcare at 5.2% each. That's a concentrated, financials-tilted portfolio — a design feature of tracking Berkshire, not an accident.
On top of that equity book, OMAH runs a derivative income overlay — the mechanism that generates the target 15% payout. In exchange for that current income, the strategy generally caps how much of the underlying stocks' upside the fund can capture. That's the core trade: current cash now, in return for giving up some of the appreciation you'd get from holding the stocks outright.
