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Launched

VistaShares Target 15 Berkshire Select Income ETF

OMAHNYSE ArcaVistaSharesC

$18.12+0.11 (+0.61%)

At close: Nov 2, 2026, 4:00 PM ET

C48/ 100

Rank 11 of 24 in Other Index Option Income

C48/100Rank 11 of 24inOther Index Option Income
Intraday session: up, 79 prints from 18.01 to 18.12. Range 18.08 to 18.14. Use the arrow keys to read each point.18.0218.0518.0718.1010 AM12 PM2 PM4 PM
Expense ratio
0.98%
Fund size
$1.12B
1Y total return
+11.6%
Yield · Last 12 months
15.34%
Holdings
48
Avg volume · 30D
1.09M sh
52W range
low $17.39high $19.30
Launched

The ETF.net OMAH Grade

Based on 5 of 6 pillars

C

Score 48 out of 100

Category
Other Index Option Income⁠
Rank
11 of 24
Six-pillar profile for OMAH. Scores out of 100: Cost 9, Risk 66, Mission not scored, Tradability 97, Holdings 52, Durability 76. Strongest: Tradability (97). Weakest: Cost (9). Based on 5 of 6 pillars.

Score 48 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F9 out of 100
    Rank 22 of 24

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B66 out of 100
    Rank 6 of 24

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A97 out of 100
    Rank 1 of 24

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C52 out of 100
    Rank 9 of 16

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A76 out of 100
    Rank 5 of 24

Our read on OMAH

ETF.net Research

In short

CBerkshire famously pays no dividend. OMAH builds a book around its 20 largest stock holdings plus BRK.B itself, then sells calls on them to chase a 15% annual income target, paid monthly, for 0.98% a year.

Stated mandate

The fund primarily seeks income and secondarily seeks long-term capital appreciation. It combines an equity portfolio based on the Solactive Berkshire Portfolio Top 20 Index NTR with an options portfolio intended to pursue a 15% annual income target.

Why people hold it

  • Berkshire hands shareholders nothing. OMAH sells call options on a Berkshire-shaped equity book to pursue a 15% annual income target, distributed monthly.cnbc.com
  • The options sleeve is actively run, not a fixed formula: the adviser writes covered calls and spreads across the holdings and shifts with market volatility.vistashares.comvistashares.com 2
  • Launched in 2025 and already a multi-billion-dollar fund that trades actively, making it one of the easier names in its options-income group to get in and out of.
  • Full transparency on what you own: roughly 70 positions mirroring Berkshire's top 20 public stakes, plus direct BRK.B exposure.vistashares.com

Worth knowing

  • Costs 0.98% a year, above the typical fee in its category and above sibling SIOO at 0.59%, which runs the same Target 15 approach on the S&P 100.
  • The 15% is a target, not a dividend. Distributions can include return of capital, which is your own money coming back and can pull NAV lower over time.vistashares.com
  • Selling calls trades away part of any big rally in a concentrated, non-diversified portfolio, and the record only begins in March 2025.vistashares.com

OMAH Holdings

Holdings pillarC52 out of 100Rank 9 of 16 in Other Index Option Income
Asset class
Stocks
Holdings
48
Top-10 weight
62%
Largest holding
BRK.B10.6%

Sectors

  • Financials31.8%
  • Communication17.2%
  • Technology15.4%
  • Consumer Staples14.7%
  • Energy10.1%
  • Health Care4.6%
  • Industrials3.9%
  • Consumer Discretionary2.3%

Geography

  • United States95.35%
  • Switzerland4.65%
The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1BRK.BBerkshire Hathaway Inc10.57%217,545$118M375
2AAPLApple Inc10.56%342,052$118M723
3AXPAmerican Express Co6.55%229,067$73.1M377
4CVXChevron Corp5.19%246,068$58M501
5KRKroger Co/The5.18%866,427$57.8M323
6KOCoca-Cola Co/The5.12%607,449$57.1M469
7OXYOccidental Petroleum Corp4.90%855,647$54.8M330
8VRSNVeriSign Inc4.82%175,255$53.8M334
9DVADavita Inc4.71%280,494$52.6M223
10CBChubb Ltd4.66%142,978$52.1M300
11MCOMoody's Corp4.53%102,518$50.6M343
12SIRISirius XM Holdings Inc4.43%1,706,242$49.5M167
13KHCKraft Heinz Co/The4.33%1,985,241$48.3M296
14DALDelta Air Lines Inc4.04%562,931$45.1M344
15GOOGAlphabet Inc3.56%143,014$39.8M478

Showing 1–15 of 48 holdings

OMAH Performance

Launched Mar 5, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
OMAH$11,161
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,146
Oct 31, 2025 to Nov 2, 2026. OMAH $11,161. SPY $11,146. Use the arrow keys to read each point.$10,000$11,000Oct 2025May 2026Nov 2026

Oct 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for OMAH. Periods over one year show the average yearly return.
PeriodOMAH
Year to date+9.6%
1 month+4.7%
3 months+0.1%
1 year+11.6%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for OMAH
YearReturn barOMAH
2026 YTD+9.6%
2025+6.7%

Since listing, Mar 5, 2025

OMAH in the news

OMAH Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 2, 2026.
15.34%Last 12 months
Payout per share
$2.78Last 12 months
Last payment
$0.23 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2025–2026

One bar per payment. 20 payments from 2025 to 2026 YTD. Mar 27, 2025 $0.25; Apr 28, 2025 $0.24; May 27, 2025 $0.24; Jun 23, 2025 $0.24; Jul 28, 2025 $0.25; Aug 25, 2025 $0.24; Sep 29, 2025 $0.24; Oct 27, 2025 $0.24; Nov 24, 2025 $0.23; Dec 29, 2025 $0.24; Jan 26, 2026 $0.23; Feb 23, 2026 $0.23; Mar 30, 2026 $0.23; Apr 27, 2026 $0.23; May 26, 2026 $0.24; Jun 29, 2026 $0.23; Jul 27, 2026 $0.23; Aug 24, 2026 $0.23; Sep 28, 2026 $0.22; Oct 26, 2026 $0.23. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Oct 26, 2026Oct 27, 2026$0.23
Sep 28, 2026Sep 29, 2026$0.22
Aug 24, 2026Aug 25, 2026$0.23
Jul 27, 2026Jul 28, 2026$0.23
Jun 29, 2026Jun 30, 2026$0.23
May 26, 2026May 27, 2026$0.24
Apr 27, 2026Apr 28, 2026$0.23
Mar 30, 2026Mar 31, 2026$0.23
Feb 23, 2026Feb 24, 2026$0.23
Jan 26, 2026Jan 27, 2026$0.23
Dec 29, 2025Dec 30, 2025$0.24
Nov 24, 2025Nov 25, 2025$0.23

See all 20 payments⁠

$10,000 in OMAH 1 year ago paid $1,472 in dividends.⁠

OMAH Risk

Risk pillarB66 out of 100Rank 6 of 24 in Other Index Option Income
How much the fund’s monthly returns vary, scaled to a year.
7.5%
Annualised · 19 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.74
vs 3-month T-bills · 19 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−11.9%
19 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.24
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

OMAH Cost

Compare OMAH and EDGX

Overpaying vs EDGX, cheapest in Other Index Option Income

$18,362

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • OMAH 0.98%

    $18,362

  • EDGX 0.00% Cheapest

    $0

$10,000
30 years

Cost over time

  • OMAH 0.98%
  • EDGX 0.00%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530OMAH $18,362EDGX $0

Year by year

YearOMAHEDGXOverpaying
10$1,729$0$1,729
20$6,504$0$6,504
30$18,362$0$18,362

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