ETF Evaluator:
VistaShares Trgt 15 Berkshire Sel IncETF ()
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(as of Aug 26)
Best Performing in Derivative Income Over the Last Year
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ETF Details
VistaShares Trgt 15 Berkshire Sel IncETF Overview
VistaShares Trgt 15 Berkshire Sel IncETF (OMAH) is an actively managed Nontraditional Equity Derivative Income exchange-traded fund (ETF). VistaShares Advisors LLC launched the ETF in 2025.
The investment seeks income, and secondarily, long term capital appreciation.
The fund’s strategy involves two components: (1) investing in a portfolio of equity securities based on the Solactive VistaShares Berkshire Select Index (the “Equity Strategy”); and (2) generating income through an options portfolio (the “Options Strategies”). The fund is non-diversified.
About VistaShares Trgt 15 Berkshire Sel IncETF (OMAH)
There are 4 members of the management team with an average tenure of 1.41 years: Jay Pestrichelli (2025), Qiao Duan (2025), Christopher Mullen (2025) and Adam Patti (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
VistaShares Trgt 15 Berkshire Sel IncETF has 99 securities in its portfolio. The top 10 holdings constitute 56.5% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
VistaShares Trgt 15 Berkshire Sel IncETF is part of the Equity global asset class and is within the Nontraditional Equity ETF group. VistaShares Trgt 15 Berkshire Sel IncETF has 4.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 93.3% There is 4.8% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). VistaShares Trgt 15 Berkshire Sel IncETF has 1.8% of the portfolio in cash.
Assets Under Management
The fund has $990 million in total assets, which is above the $727 million average for the Derivative Income category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
OMAH Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The VistaShares Trgt 15 Berkshire Sel IncETF expense ratio is high compared to funds in the Derivative Income category. VistaShares Trgt 15 Berkshire Sel IncETF has an expense ratio of 0.98%, which is 18% higher than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. VistaShares Trgt 15 Berkshire Sel IncETF has a portfolio turnover rate of 34%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 69% for the Derivative Income category.
Recently, in the month of July 2026, VistaShares Trgt 15 Berkshire Sel IncETF returned 3.3%, which earned it a grade of A, as the Derivative Income category had an average return of -1.5%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
VistaShares Trgt 15 Berkshire Sel IncETF has a trailing yield of 6.36%, which is below the 19.96% category average.
The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
VistaShares Trgt 15 Berkshire Sel IncETF Grades
Year to date, the ETF has returned 9.7%, 7.1 percentage points better than the category, which translates into a grade of B. The fund has returned 15.1% over the past year (grade of C).
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OMAH Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| OMAH Return (NAV) | 3.3% | 4.8% | 15.1% | na | na | na |
| OMAH Return (Price) | 3.2% | 4.9% | 14.7% | na | na | na |
| NAV +/- Price Return | 0.047% | -0.114% | 0.381% | na | na | na |
| Derivative Income Avg | -1.5% | 0.6% | 11.2% | 13.7% | 8.8% | 7.5% |
| OMAH Grade (NAV) | A | B | C | na | na | na |
| +/- Category (NAV) | 4.8% | 4.2% | 3.9% | na | na | na |
| OMAH Tax-Cost Ratio | na | na | 2.4% | na | na | na |
OMAH Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| OMAH Return (NAV) | 9.7% | na | na | na | na | na | na | na | na | na | na |
| OMAH Return (Price) | 9.5% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.019% | na | na | na | na | na | na | na | na | na | na |
| Derivative Income Avg | 2.6% | 10.6% | 18.5% | 17.5% | -11.3% | 19.4% | 1.4% | 19.2% | -7.1% | 12.1% | 8.7% |
| OMAH Grade (NAV) | B | na | na | na | na | na | na | na | na | na | na |
| +/- Category | 7.1% | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 6.4% |
| Total Assets: | $ 990 Mil |
| Share Class Assets: | $ 990 Mil |
| Turnover: | 34.0% |
| Expense Ratio: | 0.98% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 1.4 years | |||
| Average Tenure: 1.4 years | |||
| Managers (Year): Pestrichelli Jay (2025), Duan Qiao (2025), Mullen Christopher (2025), Patti Adam (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 99 |
| % in Top 10 Holdings: | 56.5% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 4.8% |
Portfolio Allocation |
|
| Domestic Stock: | 93.3% |
| Foreign Stock: | 4.8% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.1% |
| Cash: | 1.8% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | VistaShares Advisors LLC |
| Phone Number: | 844-875-2288 |
| Website: | |
| Inception Date: | March 4, 2025 |
Expenses and Fees
| Expense Ratio (%): | 0.98% (Rating: High) |
| Category Average Expense Ratio (%): | 0.83% |
