What is OVL?

OVL is actively managed to provide exposure to large cap U.S. equities combined with a “put spread” option overlay strategy.

PERFORMANCE [as of 12/07/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
OVL 3.96% -1.64% -20.03% -18.54% 9.32% -- --
OVL (NAV) 3.81% -1.74% -20.03% -18.66% 9.23% -- --
No Underlying Index -- -- -- -- -- -- --
MSCI USA Large Cap Index 3.44% -1.17% -17.64% -16.34% 9.39% 10.38% 12.96%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

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 Summary Data

09/30/19
0.80%
$249.61M
No Underlying Index
MSCI USA Large Cap Index
Open-Ended Fund

Peers

MSCI USA Large Cap Index

Fund Flows

-$0.00B 5 Days
+$0.00B 30 Days
+$0.01B 90 Days

OVL Portfolio Data

--
--
--
4.55%
N/A
--

OVL Index Data

No Underlying Index
Proprietary
Proprietary
MSCI USA Large Cap Index

OVL Portfolio Management

0.80%
--
--
--

OVL Tax Exposures

20.00% / 39.60%
1.11%
Qualified dividends
No

OVL Fund Structure

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

Factset Analytics Block Liquidity

As of 12/08/22

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

11,258
$341.71K
7,415
$226.85K
0.30%
$0.09
-0.02%
0.77% / -0.89%
None
100.00%
25,000
0.30
0.03%
--
0
$31.63
N/A

OVL Sector/Industry Breakdown

OVL Segment
Benchmark
101.88% --
-1.88% --

OVL Top 10 Holdings

-0.30%
-1.56%
100.00%

OVL Performance Statistics

0.99
1.07
1.06
1.10
0.19%
MSCI USA Large Cap Index

OVL Benchmark Comparison Holdings

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OVL Benchmark Comparison Summary

OVL Segment
Benchmark
-- --
-- --
-- --
-- --
-- --
Low --

OVL Benchmark Comparison Market Cap Size

OVL Segment
Benchmark
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