OVMOverlay Shares Municipal Bond ETF
OVM Fund Description
OVM is actively managed to provide exposure to U.S. municipal bonds combined with a U.S. large cap “put spread” strategy.
OVM Factset Analytics Insight
OVM holds other ETFs that provide broad exposure to U.S. investment-grade municipal bonds. The fund adviser also constructs a bullish strategy on the S&P 500 by selling short put options at a strike below the level of the index and buying an equal amount put options below the strike price of the short put options. The objective is to enhance the total return of the Bloomberg Municipal Bond Index for investors. There is no guarantee the adviser will be successful. During volatile markets, the price of options could rise, which, in turn, could have a detrimental effect on the Fund’s performance and achieving its targeted return.
OVM Summary Data
OVM Portfolio Data
OVM Index Data
OVM Portfolio Management
OVM Tax Exposures
OVM Fund Structure
OVM Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of OVM. OVM is rated a 2 out of 5.