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Cboe US - Delayed Quote USD

Overlay Shares Municipal Bond ETF (OVM)

20.31
-0.14
(-0.69%)
At close: April 11 at 1:39:48 PM EDT
20.31
+0.07
+(0.35%)
After hours: April 11 at 4:05:07 PM EDT

ETF Summary

The fund is an actively-managed exchange-traded fund ("ETF") that seeks to achieve its objective by (i) investing in one or more other ETFs that seek to obtain exposure to the performance of investment grade municipal bonds and below investment grade municipal bonds or directly in the securities held by such ETFs and (ii) selling and purchasing listed short-term put options to generate income to the fund.

ETF Overview

Category Muni National Long
Fund Family Overlay Shares
Net Assets 31.21M
YTD Daily Total Return -5.38%
Yield 5.02%
Legal Type Exchange Traded Fund

ETF Operations

Attributes OVM Category Average
Annual Report Expense Ratio (net) 0.83% 0.78%
Holdings Turnover 12.00% 34.04%
Total Net Assets 325,829.81 325,829.81

Morningstar Style Box

Yahoo partners with Morningstar a leading market research and investment data group to help investors rate and compare funds on Yahoo Finance. The Morningstar Category is shown next to the Morningstar Style Box which identifies a fund's investment focus, based on the underlying securities in the fund. MORNING_STAR_STYLE_BOX

Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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