- Pays: monthly.
- First paid: March 2025.
- What it is: a fund holding Berkshire Hathaway and its top disclosed stock picks, with an option overlay engineered to distribute 15% a year — income from a portfolio famous for paying none.
- The irony: Warren Buffett has refused to pay a dividend for sixty years, arguing the cash compounds better retained. OMAH converts his holdings into exactly what he declines to provide.
- The catch: a fixed 15% target means the options must sell whatever upside it takes — and in months when income falls short, the difference is your own capital coming back.
OMAH targets a 15% annualized distribution rate regardless of what its holdings earn; shortfalls are met with return of capital, which erodes NAV over time if the target outruns the portfolio.
OMAH pays monthly. Each point below is one distribution since March 2025.
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Each point is one payment; the line ends at the most recent payout. The table below totals them by year.
| Recent Ex-Dividend Dates | Distribution / Share |
|---|
"Next expected" is estimated from OMAH's recent payment rhythm — the fund announces exact dates shortly before each payout, and the data feed can lag a few days. You must own shares before the ex-dividend date to receive that payout; the cash typically arrives days later. See every fund's upcoming date on the live dividend calendar.
A real total-return estimate, assuming every payout was reinvested — including what happened to the share price. Before taxes and fees. Past performance does not predict the future.
Now Estimate Your Own Future
These are assumptions, not a prediction. Want the full chart and tax options? Open the full calculator →
OMAH's pitch is irresistible on its face: own Berkshire and the Buffett constellation — Apple, American Express, Coca-Cola — and receive 15% a year from the market's most famous non-payers. The machinery is a covered-call overlay plus a fixed distribution target, and that target is the detail to understand: when option income falls short of 15%, the fund pays you from principal anyway.
Target-rate funds trade certainty of checks for uncertainty of what's left underneath. If the underlying portfolio compounds faster than the target drains it, everyone wins; if not, the NAV erodes on schedule. One year in, the jury is out — the backtest above will keep the honest score, and this guide explains the mechanics.
| Year | Total Distributions / Share | Payments | Change vs Prior Year |
|---|
Data source: Yahoo Finance. Figures are per share; the current year may be partial and figures should be verified against official sources.
Calculated from complete calendar years in the data above. Past results don't guarantee future payments.
When Is OMAH's Next Ex-Dividend Date?
OMAH pays monthly. The exact date of each payout is announced by the fund only shortly beforehand, so no site can promise the next date — but the live schedule box above shows the most recent ex-dividend date and the expected window for the next one, computed from OMAH's actual payment rhythm. Remember: you must own shares before the ex-dividend date to receive that payout.
OMAH's Record So Far
OMAH — the VistaShares Target 15 Berkshire Select Income ETF — began paying in March 2025 and has delivered its monthly checks on schedule since, currently around 23 cents. The distributions do exactly what the label promises; the interesting question lives entirely in the NAV.
The Target-Rate Bargain
Most income funds pay what they earn; target funds earn what they can and pay what they promised. That inversion produces wonderfully predictable checks and pushes all the uncertainty into principal. Against a portfolio as strong as Buffett's picks, the bet isn't crazy — those businesses compound hard — but 15% is a demanding hurdle even for them, and every shortfall month quietly shrinks the machine.
Where OMAH Fits
For income investors who want blue-chip quality with maximum monthly cash and understand the target-rate mechanics. The philosophical opposite of just owning KO (Buffett's own famous holding) and letting the raises compound. Next expected date on the live calendar.
Return of Capital, Demystified
Target-rate funds run on ROC by design — here's how to judge whether the trade is working.
Read: ROC & NAV Erosion