Warren Buffett’s value-driven investment strategy has long been admired by both Wall Street professionals and everyday investors. Buffett's disciplined approach has consistently outperformed the market, even as economic cycles shift and market sentiment wavers. As inflationary pressures and interest rate uncertainty continue to rattle the S&P 500 Index ($SPX), investors are increasingly turning to Berkshire Hathaway’s (BRK.B) Class B shares for stability. These shares have surged 7% year-to-date (YTD), significantly outperforming the broader market.

Yet for all of Berkshire’s strengths, one thing it has never offered is a dividend, leaving income-focused investors on the sidelines. That’s changing with the arrival of the VistaShares Target 15 Berkshire Select Income ETF (OMAH), a new exchange-traded fund launched in March 2025. OMAH not only holds Berkshire Hathaway shares but also invests in a curated selection of stocks from Buffett’s own portfolio. With OMAH already attracting more than $275 million in assets under management (AUM), investors are clearly taking notice. 

What to Know About the VistaShares Target 15 Berkshire Select Income ETF

The VistaShares Target 15 Berkshire Select Income ETF gives investors a straightforward way to follow Warren Buffett’s well-known investing style while aiming for a strong 15% yearly payout. The latest payout was $0.24 per share, which works out to an annual yield that’s hard to find elsewhere. The fund’s 30-day SEC yield is 0.69% while the yearly dividend is $0.73 per share, or a 3.83% annual yield. OMAH maintains this by putting money into the 20 biggest stocks in Berkshire Hathaway’s portfolio, along with direct investments in Berkshire itself. The fund also uses an options strategy to help keep income coming in regularly.

The fund's portfolio includes 73 holdings total, each chosen to match Buffett’s approach. The top 10 make up a large part of the fund, including Apple (AAPL) at 10.5%, Berkshire Hathaway (BRK.B) at 9.76%, and American Express (AXP) at 8.74%. Other major allocations include Coca-Cola (KO) at 6.03%, Bank of America (BAC) at 5.57%, Occidental Petroleum (OXY) at 4.94%, Chevron (CVX) at 4.99%, Kroger (KR) at 4.87%, VeriSign (VRSN) at 4.61%, and Chubb (CB) at 4.5%. This lineup allows investors a simple way to have pieces of the same companies Buffett owns, all in one fund.

Despite a solid setup, OMAH’s price has remained relatively stable since its launch. OMAH is down 3.2% over the last three months. It's also down 1.8% in the past month. This kind of movement is pretty normal for new funds that use options to boost income.

That said, OMAH has quickly built up a strong presence, holding $276.7 million in assets as of June 22, with 14.5 million shares on the market. Its 30-day median bid-ask spread is just 0.05%, which means it’s easy to trade and there’s plenty of interest from buyers and sellers.

All of this comes with an expense ratio of 0.95%. While this is higher than what you’d pay for a basic index fund, it’s in-line with other funds that use active management and options, and it covers the work needed to meet OMAH’s income and growth goals.

Why OMAH Could Outperform in Today’s Market

The way different market factors are coming together right now puts OMAH in a strong spot to deliver on its goal of a 15% yearly payout. As markets deal with more ups and downs and more investors look for ways to earn steady income, OMAH’s approach fits well with what people want today — and could help it do even better in the near future. 

The fund’s launch in March 2025 lined up well with a stretch when options-based income strategies started to shine. The S&P 500 has seen big swings this year, from a high of $6,147 in February to a low of $4,835 in April. This has made it a good time to collect options premiums. 

OMAH’s options strategy is built for this kind of market, letting the fund earn extra income from selling covered calls while still holding onto its main stocks that follow the Berkshire model. Across the ETF world, more money is flowing into funds that use covered calls and other income strategies. U.S. derivative income funds brought in over $6 billion in May, the biggest monthly increase ever. 

Investors clearly want protection from losses and regular payouts. Experts point out that covered-call funds often do better than regular stock funds when markets are flat or only moving up a little because they collect income from selling options. With OMAH’s focus on writing covered calls on a tight group of Buffett-backed stocks, the fund is set up to collect option premiums that can help smooth out market bumps and boost overall returns.

Final Thoughts on OMAH

If you’re looking for a way to tap into Warren Buffett’s legendary investing approach while pocketing a steady stream of high-yield income, OMAH brings something genuinely fresh to the table. With its blend of blue-chip Berkshire-inspired holdings and a data-driven options strategy targeting a 15% annual distribution, this ETF is engineered for both resilience and reward, even in today’s unpredictable market. For investors who want to “invest like Buffett” but also crave monthly cash flow, OMAH is a modern solution that makes classic value investing feel brand new.