OMAH Fees and Costs — VistaShares Target 15 Berkshire Select Income ETF
Data updated: 2026-10-13
The net expense ratio is 0.98%: a 0.95% management fee plus 0.03% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $1.6M in broker commissions, 0.2006% of average net assets, and portfolio turnover was 34%.
OMAH Fees and Expenses
Annual operating expenses and sales charges of OMAH. Prospectus, as of June 25, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.03% |
| Gross expense ratio | 0.98% |
| Fee waiver | — |
| Net expense ratio | 0.98% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
OMAH Costs Over Time
On $10,000 invested in OMAH, assuming 5% a year before costs, total costs come to $736 over 5 years, cutting the return by 1.24% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.98%) | $103 | $320 | $555 |
| Trading costs (broker commissions) | $21 | $66 | $114 |
| Lost growth on money paid in costs | $0 | $19 | $68 |
| Total costs | $124 | $405 | $736 |
| Value after costs | $10,376 | $11,171 | $12,027 |
| Impact on return, per year | 1.24% | 1.24% | 1.24% |
OMAH Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.2006%
- Total broker commissions: $1.6M
- Bought from dealers (principal trades, not a cost): $225.3M
- Portfolio turnover (prospectus): 34%
OMAH Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SIGMA BANK AG | $418K | 26.44% |
| CITADEL SECURITIES LLC | $370K | 23.40% |
| JANE STREET EXECUTION SERVICES LLC | $354K | 22.37% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $349K | 22.03% |
| STONEX FINANCIAL INC. | $57K | 3.62% |
| PERSHING LLC | $18K | 1.14% |
| SUSQUEHANNA FINANCIAL GROUP LLLP | $10K | 0.65% |
| IMC-CHICAGO LLC | $5K | 0.30% |
| GOLDMAN SACHS & CO. LLC | $627 | 0.04% |
| ELEVATION LLC | $222 | 0.01% |
OMAH Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $225.3M | 100.00% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.