ETF Report: VISTASHARES TARGET 15 BERKSHIRE SELECT INCOME ETF (OMAH)

What this ETF is trying to do

The OMAH ETF is a type of investment fund traded on the NYSE. Its main goal appears to be providing regular income to its investors. It focuses on specific selections related to Berkshire.

What the numbers show

As of July 10, 2026, the current price of one share is $18.88. Looking back at the last year, the price of a single share has dropped by about 3.57%. One year ago, the estimated price was roughly $19.58.

However, when you look at the "total return," which includes the money paid out to investors, the one-year return is actually up by 12.07%. This shows that even though the share price went down, the total value gained from both price changes and payouts was positive.

Income and distribution explanation

This ETF is designed to pay out money regularly. Over the last 12 months, it made 12 separate payments. These payments usually happen once a month. The "distribution yield" is 15.0175%, which means the amount of cash paid out relative to the share price is quite high.

It is important to remember that a high yield alone can be misleading. A very high percentage might look attractive, but it does not tell you if the underlying value of the fund is staying healthy.

NAV erosion explanation

"NAV erosion" happens when the Net Asset Value (the actual value of everything the ETF owns) drops because the fund is paying out more money than it is earning. If a fund's price falls from a high number to a much lower number, it can destroy your "principal." Principal is the original amount of money you put in. If your $10,000 turns into $8,000 because the share price collapsed, you have lost money even if you received cash payments.

In this specific case, OMAH has an erosion score of 94, which is labeled as "Stable / sideways." This means it does not show signs of severe erosion.

Pros

• The ETF provides frequent monthly income.

• The total return over the last year (12.07%) was positive, even though the share price fell.

Cons

• The actual share price has decreased over the last year by 3.57%.

Beginner takeaway

Income investors usually prefer ETFs that go "sideways" (stay at the same price) or move slightly up. They prefer this because it means their original investment stays safe while they collect cash. If an ETF's price collapses, the cash payments might not be enough to make up for the loss in value. Always look at both the yield and the price movement together.