OVQ Overlay Shares Nasdaq 100 Income ETF
Nasdaq 100 equity exposure with an active, risk-managed put spread option overlay that seeks to generate income
Invest in OVQ
Investing on your own?
Search for the OVQ ticker on your trading platform, or click one of these links for quick access:
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Working with a professional?
Email your financial professional to discuss how Overlay Shares OVQ can help power your portfolio.
Email your advisor
Questions about ETFs?
If you have general questions about Overlay Shares ETFs, we are here to help.
770.350.8700
The Overlay Shares ETFs are distributed by Foreside Fund Services, LLC. The distributor is not affiliated with the Adviser.
Liquid Strategies LLC serves as Investment Adviser to the Funds and manages the Overlay Strategies.
Liquid Strategies LLC (“Liquid”) is an independent investment adviser registered under the Investment Advisers Act of 1940, as amended. Registration does not imply a certain level of skill or training. More information about Liquid, including our investment strategies, fees and objectives, can be found in our Form ADV Part 2A and our Form CRS.
Overlay Shares are traded on all major stock exchanges. Contact us to discuss.
ETFs can be bought and sold throughout the trading day offering liquidity and ongoing valuations of the fund's holdings for investors. ETFs are typically tax-efficient and generally have lower cost than other investment alternatives, making them a great investment tool for investors. Trading can be executed through your financial advisor or an account with most brokerage firms. Commissions and transaction costs may vary so be sure to check on these costs.
The Overlay Shares Nasdaq 100 Income ETF seeks to generate income combined with long-term capital appreciation.
Quick Links
Invest in OVQ
Investing on your own?
Search for the OVQ ticker on your trading platform, or click one of these links for quick access:
Working with a professional?
Email your financial professional to discuss how Overlay Shares OVQ can help power your portfolio.
Email your advisor
Questions about ETFs?
If you have general questions about Overlay Shares ETFs, we are here to help.
770.350.8700
The Overlay Shares ETFs are distributed by Foreside Fund Services, LLC. The distributor is not affiliated with the Adviser.
Liquid Strategies LLC serves as Investment Adviser to the Funds and manages the Overlay Strategies.
Liquid Strategies LLC (“Liquid”) is an independent investment adviser registered under the Investment Advisers Act of 1940, as amended. Registration does not imply a certain level of skill or training. More information about Liquid, including our investment strategies, fees and objectives, can be found in our Form ADV Part 2A and our Form CRS.
Overlay Shares are traded on all major stock exchanges. Contact us to discuss.
ETFs can be bought and sold throughout the trading day offering liquidity and ongoing valuations of the fund's holdings for investors. ETFs are typically tax-efficient and generally have lower cost than other investment alternatives, making them a great investment tool for investors. Trading can be executed through your financial advisor or an account with most brokerage firms. Commissions and transaction costs may vary so be sure to check on these costs.
Fund Information
| Ticker Symbol | OVQ |
|---|---|
| CUSIP | 53656F110 |
| Stock Exchange | CBOE |
| Inception Date | 10/23/2026 |
| Expense Ratio | 0.97% |
Fund Details
| Distribution Frequency | Monthly |
|---|
Fund Distributions
Notification of Source of Distributions (Section 19(a)-1 Notice)
Distributions may include return of capital, which represents a return of a portion of an investor’s original investment and does not represent earnings or investment income. Return of capital may reduce an investor’s tax basis and result in higher capital gains when shares are sold. The amounts and sources of distributions are estimates and are not provided for tax reporting purposes. Final tax characterization is determined after the end of the Fund’s fiscal year and may differ from amounts shown. Investors should refer to the Fund’s distribution notices for information regarding the estimated sources of distributions and should not draw conclusions about the Fund’s investment performance from distribution amounts. There is no guarantee that the Funds will pay distributions in the future, and any distributions made may vary from the current distribution. The Fund may utilize futures and options on broad-based indexes, which are generally treated as Section 1256 contracts for U.S. federal income tax purposes; gains and losses from these instruments may be treated as a combination of long-term and short-term capital gains or losses regardless of holding period. Investors should consult their own tax advisors regarding the tax consequences of an investment in the Fund.
Fund Documents
Notification of Source of Distributions (Section 19(a)-1 Notice)
How to Invest
Overlay Shares are traded on major stock exchanges, much like shares of common stock.
ETFs can be bought and sold throughout the trading day offering liquidity and ongoing valuations of the fund's holdings for investors. ETFs are typically tax-efficient and generally have lower cost than other investment alternatives, making them a great investment tool for investors. Trading can be executed through your financial advisor or an account with most brokerage firms. Commissions and transaction costs may vary so be sure to check on these costs.
Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other important information about the Fund, please visit the Documents section of this website or call (866) 704-OVLS. Read the prospectus carefully before investing.
Risk Factors
The Fund invests in options that derive their performance from the performance of the Nasdaq-100® Index. Selling (writing) and buying options are speculative activities and entail greater than ordinary investment risks. The Fund's use of put options can lead to losses because of adverse movements in the price or value of the underlying asset, which may be magnified by certain features of the options. When selling a put option, the Fund will receive a premium; however, this premium may not be enough to offset a loss incurred by the Fund if the price of the underlying asset is below the strike price by an amount equal to or greater than the premium. Purchased put options may expire worthless and the Fund would lose the premium it paid for the option. The Fund may lose significantly more than the premiums it receives in highly volatile market conditions.
The Fund will invest in short term put options which are financial derivatives that give buyers the right, but not the obligation, to sell (put) an underlying asset at an agreed-upon price and date. The Fund's use of options may reduce the Fund's ability to profit from increases in the value of the underlying asset. The Fund could experience a loss or increased volatility if its derivatives do not perform as anticipated or are not correlated with the performance of their underlying asset or if the Fund is unable to purchase or liquidate a position.
Equity Securities Risk. The equity securities held in the Fund’s portfolio may experience sudden, unpredictable drops in value or long periods of decline in value.
Targeted Distribution Rate Risk. The Fund seeks to achieve a targeted distribution rate. There can be no assurance, and there is no guarantee, that the Fund’s investments will be able to achieve or support the targeted distribution rate.
New Fund Risk. The Fund is a recently organized investment company with no operating history. As a result, prospective investors have no track record or history on which to base their investment decision.