VistaShares Target 15 Berkshire Select Income ETF (T15B): Today’s Income Innovation Spotlight

Updated June 21, 2025 – fresh market insights & human take

📊 What is T15B?

The Target 15 Berkshire Select Income ETF ticker T15B launched in March 2025 by VistaShares. It mirrors Berkshire Hathaway’s top 20 equity holdings while allocating ~10% to Berkshire Class B shares. What sets it apart? It uses call-option writing on its portfolio to generate a targeted 15% annual yield, even if Berkshire’s stock price is flat.

With a 0.95% management fee, T15B aims to blend capital exposure with enhanced income, especially appealing for IRAs and 401(k) accounts.

🔥 Today’s Highlights

  • Asset growth: Since launch, T15B has attracted nearly $250 million in inflows, reflecting investor appetite for income without sacrificing equity upside.

  • Market backdrop: U.S. markets remain flat, with geopolitical tension (Israel – Iran) and cautious Fed signaling the backdrop for income-focused strategies.

  • Unique structure: Since Berkshire Hathaway doesn’t pay dividends, T15B’s option overlay is specifically designed to generate steady income ideal for taxable-deferred portfolios.

✅ Why T15B Matters Today

  1. Attractive yield: Targeting 15% annually dramatically higher than typical ETF income (~1–2%) this fund offers compelling income for conservative equity seekers .

  2. Built-in buffer: The call-strike premiums cushion downside, making the ETF more resistant during sideways markets or slight drops.

  3. Blend of growth and income: Gains exposure to high-quality brands like Apple, Coca-Cola, American Express all while generating cash flow through options.

⚠️ What to Watch

  • Market rotation: If a strong bull market kicks in, the call writing may limit upside participation compared to pure equity ETFs.

  • Option risk: Poorly timed option rolls or high volatility could reduce yield or cap downside protection.

  • Consumer sentiment: Since underlying holdings reflect large-cap companies, their earnings and consumer trends will influence returns.

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