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 Charts And Performance

Price Chart ($)
Total Return Chart (%)
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Select ETFs to compare their performance:
PERFORMANCE [as of 11/14/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
OVL 5.34% -- -- -- -- -- --
OVL (NAV) 5.62% -- -- -- -- -- --
No Underlying Index -- -- -- -- -- -- --
MSCI USA Large Cap Index 4.65% 9.58% 25.75% 17.32% 15.45% 11.22% 13.27%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

OVL Summary Data

09/30/19
Open-Ended Fund
0.78%
$24.93M
$747.60K
0.16%

OVL Portfolio Data

$243.58B
22.01
3.34
--
N/A
3

OVL Index Data

No Underlying Index
Proprietary
Proprietary
MSCI USA Large Cap Index

OVL Portfolio Management

0.78%
--
--
--

OVL Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

OVL Fund Structure

Open-Ended Fund
Yes
--
No Policy
N/A
N/A
Low
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

OVL Factset Analytics Block Liquidity

As of 11/15/19
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 N/A out of 5.

OVL Tradability

29,421
$747.60K
25,332
$642.37K
0.16%
$0.04
0.04%
0.23% / -0.13%
None
100.00%
25,000
1.01
0.04%
--
--
$26.29
N/A

OVL Sector/Industry Breakdown


OVL
Segment Benchmark
26.52%
28.73%
16.03%
14.83%
13.35%
13.81%
13.21%
13.09%
10.42%
9.29%
7.46%
7.98%
4.53%
4.66%
3.59%
3.02%
2.63%
2.07%
2.28%
2.51%

OVL Top 10 Holdings

0.35%
0.34%
100%

OVL Countries


OVL
Segment Benchmark
100.00%
100.00%

OVL Regions


OVL
Segment Benchmark
100.00%
100.00%

OVL Economic Development


OVL
Segment Benchmark
100.00%
100.00%

OVL Performance Statistics

--
--
--
--
0.00%
MSCI USA Large Cap Index

OVL Benchmark Comparison Holdings

3
297
285
88.66%

OVL Benchmark Comparison Summary


OVL
Segment Benchmark
3
297
$243.58B
$269.32B
22.01
21.84
3.34
3.49
1.93%
1.95%
Low
Low

OVL Benchmark Comparison Market Cap Size


OVL
Segment Benchmark
95.47%
99.84%
4.53%
0.16%
0.00%
0.00%
0.00%
0.00%