OVL

Overlay Shares Large Cap Equity ETF
*Unless otherwise stated, data provided by FactSet.

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.

PERFORMANCE [as of 10/22/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
OVL 4.50% 5.01% 25.58% 38.10% -- -- --
OVL (NAV) 3.38% 4.60% 25.39% 37.38% -- -- --
No Underlying Index -- -- -- -- -- -- --
MSCI USA Large Cap Index 3.17% 3.87% 21.51% 32.77% 21.09% 19.13% 16.56%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

OVL Summary Data

09/30/19
Open-Ended Fund
0.79%
$206.12M
$321.61K
0.40%

OVL Portfolio Data

$600.60B
28.58
4.71
3.29%
N/A
498

OVL Index Data

No Underlying Index
Proprietary
Proprietary
MSCI USA Large Cap Index

OVL Portfolio Management

0.79%
--
--
--

OVL Tax Exposures

20.00% / 39.60%
0.77%
Qualified dividends
No

OVL Fund Structure

Open-Ended Fund
Yes
No
-- / --
N/A
N/A
Low
Daily

OVL Factset Analytics Block Liquidity

As of 10/25/21
5
4
3
2
1

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 Tradability

9,136
$321.61K
6,434
$239.48K
0.40%
$0.15
0.00%
0.52% / -0.92%
None
100.00%
25,000
0.26
0.03%
0.06%
0
$39.03
5

OVL Sector/Industry Breakdown


OVL
Segment Benchmark
35.43%
38.43%
14.78%
14.61%
13.47%
11.96%
13.15%
13.41%
8.80%
7.84%
5.56%
5.87%
2.49%
2.14%
2.43%
2.04%
2.39%
1.78%
1.32%
1.44%

OVL Top 10 Holdings

-0.03%
-0.11%
100.00%

OVL Countries


OVL
Segment Benchmark
100.00%
99.90%
--
0.10%

OVL Regions


OVL
Segment Benchmark
100.00%
100.00%

OVL Economic Development


OVL
Segment Benchmark
100.00%
100.00%

OVL Performance Statistics

0.98
1.11
1.05
1.15
0.18%
MSCI USA Large Cap Index

OVL MSCI ESG Ratings

6.16 / 10
41.88
46.17
6.14%
--
135.78

OVL Benchmark Comparison Holdings

498
291
263
88.40%

OVL Benchmark Comparison Summary


OVL
Segment Benchmark
498
291
$600.60B
$656.83B
28.58
29.41
4.71
5.17
1.30%
1.27%
Low
Low

OVL Benchmark Comparison Market Cap Size


OVL
Segment Benchmark
98.51%
100.00%
1.49%
0.00%
0.00%
0.00%
0.00%
0.00%