OVS

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

OVS Fund Description

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

OVS Factset Analytics Insight

OVS selects other ETFs in the U.S. small 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 the perceived risk of the broad U.S. equity market. 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.

OVS MSCI ESG Analytics Insight

Overlay Shares Small Cap Equity ETF has an MSCI ESG Fund Rating of BBB based on a score of 4.34 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 Small Cap Equity ETF ranks in the 16th percentile within its peer group and in the 23th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

PERFORMANCE [as of 02/23/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
OVS 5.40% 29.13% 16.74% 32.31% -- -- --
OVS (NAV) 4.82% 25.03% 15.88% 31.57% -- -- --
No Underlying Index -- -- -- -- -- -- --
MSCI USA Small Cap Index -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

OVS Summary Data

09/30/19
Open-Ended Fund
0.83%
$5.23M
$55.83K
0.33%

OVS Portfolio Data

$2.29B
-46.47
2.04
1.50%
N/A
597

OVS Index Data

No Underlying Index
Proprietary
Proprietary
MSCI USA Small Cap Index

OVS Portfolio Management

0.83%
--
--
--

OVS Tax Exposures

20.00% / 39.60%
0.27%
Qualified dividends
No

OVS Fund Structure

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

OVS Factset Analytics Block Liquidity

As of 02/24/21
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of OVS. OVS is rated a N/A out of 5.

OVS Tradability

1,733
$55.83K
734
$25.40K
0.33%
$0.11
-0.05%
1.20% / -3.57%
None
100.00%
25,000
0.03
--
--
0
$34.67
N/A

OVS Sector/Industry Breakdown


OVS
Segment Benchmark
23.68%
22.21%
17.45%
14.43%
15.73%
15.04%
14.95%
16.16%
12.00%
15.75%
5.64%
4.82%
4.25%
4.43%
3.11%
3.65%
1.59%
1.99%
1.59%
0.66%

OVS Top 10 Holdings

0.30%
0.11%
-0.34%
100.00%

OVS Countries


OVS
Segment Benchmark
100.00%
99.95%
--
0.05%

OVS Regions


OVS
Segment Benchmark
100.00%
100.00%

OVS Economic Development


OVS
Segment Benchmark
100.00%
100.00%

OVS Performance Statistics

0.95
1.02
1.02
0.95
0.56%
MSCI USA Small Cap Index

OVS MSCI ESG Ratings

4.34 / 10
22.53
15.86
3.26%
5.19%
97.38

OVS Benchmark Comparison Holdings

597
1744
539
20.15%

OVS Benchmark Comparison Summary


OVS
Segment Benchmark
597
1744
$2.29B
$4.78B
-46.47
-56.72
2.04
2.47
1.55%
1.39%
Low
Low

OVS Benchmark Comparison Market Cap Size


OVS
Segment Benchmark
0.00%
0.69%
33.92%
72.00%
61.92%
25.55%
4.16%
1.77%