Berkshire Hathaway pays no dividend, and new CEO Greg Abel said in his first shareholder letter that it won't pay one as long as each retained dollar is likely to create more than a dollar of market value. The VistaShares Target 15 Berkshire Select Income ETF (OMAH) targets a 15% distribution rate by selling call options on Berkshire and holdings such as Apple, American Express, Chevron and Coca-Cola, aiming for roughly 1.25% monthly, though this is a target rather than a guarantee. As of Oct. 23, Apple (10.8%) and Berkshire itself (10.7%) were the largest positions, and the fund's expense ratio is 0.95%. The trade-off is capped upside: since its March 2025 inception, the fund has returned about 15% versus about 9% for Berkshire, but has lagged the S&P 500's total return of roughly 34% over the same period. The article says the fund suits income-focused investors who accept that trade-off.
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