OVM

Overlay Shares Municipal Bond ETF
*Unless otherwise stated, data provided by FactSet.

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 Barclays 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 Charts And Performance

Price Chart ($)
Total Return Chart (%)
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PERFORMANCE [as of 11/14/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
OVM 0.36% -- -- -- -- -- --
OVM (NAV) 0.48% -- -- -- -- -- --
No Underlying Index -- -- -- -- -- -- --
Barclays Municipal Bond -- -0.91% 6.64% 9.01% 4.15% 3.55% 4.37%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

OVM Summary Data

09/30/19
Open-Ended Fund
0.82%
$11.95M
$355.32K
0.21%

OVM Portfolio Data

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N/A
3

OVM Index Data

No Underlying Index
Proprietary
Proprietary
Barclays Municipal Bond

OVM Portfolio Management

0.82%
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OVM Tax Exposures

20.00% / 39.60%
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Qualified dividends
No

OVM Fund Structure

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

OVM 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 OVM. OVM is rated a N/A out of 5.

OVM Tradability

13,702
$355.32K
10,312
$278.72K
0.21%
$0.05
0.07%
0.18% / -0.05%
None
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25,000
0.41
0.04%
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$25.21
N/A

OVM Top 10 Holdings

0.36%
0.31%
100%

OVM Performance Statistics

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OVM Holdings Statistics

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3
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OVM Avg Life Maturity Distribution

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OVM OAS Breakdown

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