Overlay Shares Core Bond ETF

Diversified, broad market core bond exposure

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Invest in OVB

Fund Symbol

OVB

Fund Name

Overlay Shares Core Bond ETF

OVB Fact Sheet

Overview

The Overlay Shares Core Bond ETF seeks to outperform the Bloomberg Barclays US Aggregate Bond Index through a combination of capital appreciation and income generation.

FUND INFORMATION

TICKER SYMBOL: OVB

CUSIP: 53656F862

STOCK EXCHANGE: NYSE

INCEPTION DATE: 09/30/2019

EXPENSE RATIO: 0.87%

DATA AS OF: 11/19/2024
NAV Price $20.66
Market Price $20.68
NAV Change 0.24%
Market Price Change 0.31%
Premium/Discount 0.12%
30 Day Median Bid-Ask Spread* 0.24%
Fund Net Assets $51,535,873.26

*30 Day Median Bid Ask is a calculation of Fund’s median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund’s national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.

Risk Factors

The Fund invests in options that derive their performance from the performance of the S&P 500 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 is subject to the same risks as the underlying bonds in the portfolio such as credit, call and interest rate risk. As interest rates rise the value of bond prices will decline.

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.

The Fund was recently organized and has no operating history. As a result, investors have a limited track record on which to base their investment decision. Investments involve risk including the possible loss of principal.

Fund Performance

As of 10/31/2024

  Annualized
  1 Month 3 Month 6 Month YTD 1 Year 3 Year 5 Year Since Inception
OVB NAV Returns -3.02% 0.11% 6.99% 4.47% 16.26% -2.33% 0.61% 0.73%
OVB Market Price Returns -2.85% 0.36% 6.91% 4.71% 16.23% -2.33% 0.61% 0.75%
Bloomberg US Aggregate Bond Index -2.48% 0.25% 5.31% 1.86% 10.55% -2.20% -0.23% -0.17%

As of 10/31/2024

  Annualized
  1 Month 3 Month 6 Month YTD 1 Year 3 Year 5 Year Since Inception
OVB NAV Returns -3.02% 0.11% 6.99% 4.47% 16.26% -2.33% 0.61% 0.73%
OVB Market Price Returns -2.85% 0.36% 6.91% 4.71% 16.23% -2.33% 0.61% 0.75%
Bloomberg US Aggregate Bond Index -2.48% 0.25% 5.31% 1.86% 10.55% -2.20% -0.23% -0.17%
Fund Name CUSIP 30 Day SEC Yield
Overlay Shares Core Bond ETF 53656F862 1.79%

 

Performance of less than one year is cumulative. You cannot invest directly in an index. 

Performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. For the most recent month-end performance, please call 1-866-704-OVLS.

Overlay Shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Total Returns are calculated using the daily 4:00pm EST net asset value (NAV). Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times.

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.

Shareholder Services: 1-866-704-OVLS
Investment Professionals: 770-350-8700 or info@overlayshares.com
Distributed by Foreside Fund Services, LLC, which is not affiliated with the Adviser.

The SEC Yield represents net investment income earned by the Fund over the 30-Day period expressed as an annual percentage rate based on the Fund's share price at the end of the 30-Day period. 

Fund Holdings

Data as of:       10/01/2024
DESCRIPTION CUSIP TICKER SHARES WEIGHTING (%)
iShares Core U.S. Aggregate Bond ETF 464287226 AGG 525,987 99.94%
First American Government Obligations Fund 12/01/2031 31846V336 FGXXX 246,065 0.48%
SPXW US 11/27/24 P5800 SPXW 241127P05800000 SPXW 241127P05800000 21 0.05%
SPXW US 11/27/24 P5960 SPXW 241127P05960000 SPXW 241127P05960000 (21) -0.26%
SPXW US 11/29/24 P5860 SPXW 241129P05860000 SPXW 241129P05860000 22 0.11%
SPXW US 11/29/24 P5960 SPXW 241129P05960000 SPXW 241129P05960000 (22) -0.27%
SPXW US 12/02/24 P5900 SPXW 241202P05900000 SPXW 241202P05900000 22 0.18%
SPXW US 12/02/24 P5960 SPXW 241202P05960000 SPXW 241202P05960000 (22) -0.29%
CBOE S&P PUT OPT 12/24 5860 SPXW 241209P05860000 SPXW 241209P05860000 21 0.18%
S&P DOW PUT OPT 12/24 5960 SPXW 241209P05960000 SPXW 241209P05960000 (21) -0.33%
Cash & Other Cash&Other Cash&Other 111,572 0.22%

 

Holdings are subject to change.

Fund Premium-Discount

Premium Discount Graph and Table

 

 

For additional resources, please see  Fund Prospectus.

Shares of the Fund trade based on market prices rather than the Fund's net asset value per share ("NAV"). Consequently, shares of the Fund may trade at a price greater than (premium) or less than (discount) the Fund's NAV. The above chart presents information for the period indicated about how often the most recent market closing price for shares of the Fund reflected a premium or discount to the Fund's NAV for each trading day and the amount of each such premium or discount, expressed as a percentage of that day's NAV.

Shareholders may pay more than NAV when they buy Fund shares and receive less than NAV when they sell those shares, because shares are bought and sold at current market prices. The data presented represents past performance and cannot be used to predict future results.

Fund Documents



Fact Sheet

 

Document Links
Prospectus Download
Summary Prospectus Download
SAI Download
SAI CU Supplement Download
Annual Report Download
OVB Shareholder Annual Report Download
Semi-Annual Report Download
Notification of Source of Distributions (07/07/23) Download
Notification of Source of Distributions (10/05/23) Download
Notification of Source of Distributions (12/29/23) Download
Notification of Source of Distributions (04/05/24) Download
QTR 3, Part F, Schedule of Investments (05/31/2024) Download
QTR 1, Part F, Schedule of Investments (11/30/2023) Download
Notification of Source of Distributions (07/05/24)  Download
Notification of Source of Distributions (10/04/24)  Download
Form N-PX Proxy Voting Record  Download
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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.

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Suite 2550
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770.350.8700

info@lsfunds.com

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The OverlayShares 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.

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