OVLOverlay Shares Large Cap Equity ETF
OVL Fund Description
OVL is actively managed to provide exposure to large cap U.S. equities combined with a “put spread” option overlay strategy.
OVL Factset Analytics Insight
OVL selects other ETFs in the U.S. large cap equity space to provide long exposure. In addition, the fund sells short put options at a strike below the level of the S&P 500 Index and buys put options below the strike price of the short put options. Fund allocations are based on a quantitative methodology based on perceived risk of the broad U.S. equity market. In making this determination, the Adviser considers various factors including overall market volatility, a qualitative assessment of potential risk/reward scenarios, and mitigating the effects of volatility in the fund’s portfolio. In a rising or sideways U.S. equity market, the strategy seeks to provide a positive performance return along with additional income. In a declining U.S. equity market, or periods of increased volatility, the loss potential could be greater than the profit potential.
OVL MSCI ESG Analytics Insight
Overlay Shares Large Cap Equity ETF has an MSCI ESG Fund Rating of A based on a score of 6.16 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Overlay Shares Large Cap Equity ETF ranks in the 46th percentile within its peer group and in the 42nd percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
OVL Summary Data
OVL Portfolio Data
OVL Index Data
OVL Portfolio Management
OVL Tax Exposures
OVL Fund Structure
OVL Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of OVL. OVL is rated a 5 out of 5.
OVL Sector/Industry Breakdown
OVL Top 10 Holdings
OVL Economic Development
OVL Performance Statistics
OVL MSCI ESG Ratings
OVL Benchmark Comparison Summary
OVL Benchmark Comparison Market Cap Size