Fund Description
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 (collectively, the Underlying Investments ) and (ii) selling and purchasing listed short-term put options to generate income to the Fund (the Overlay Strategy ).
Fund Profile
Fund Name Overlay Shares Municipal Bond ETF
Fund Exchange Ticker OVM
Fund Sponsor Liquid Strategies
Fund ISIN US53656F8547
Net Expense Ratio 0.82 %
Fund Inception Date 30 September 2019
Fund Legal Structure ETF (Open end fund)
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Bonds - Municipal
Asset Class Bonds
Index Linked Active
Index Name Not Applicable
Index Provider Not Applicable
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Bond Type Municipal
Credit Quality Investment Grade Only
Average Maturity Fund Holds All Maturity Ranges
Bond Currency Denomination USD
Key Statistics
Return As of Date 28 June 2022
Asset Under Management 14.48 Million (USD)
1 Month Total Return -2.89 %
Year To Date Return -11.25 %
1 Year Total Return -10.72 %
3 Year Annualized Total Return
NAV 22.2708
Share Outstanding 650,000
Top 10 Holdings (28 June 2022)
Constituent Name Constituent Ticker Constituent Type Weighting
Cash & Other CASH 0.0024000000
S&P DOW PUT OPT 07/22 3660 OPTN 0.0004000000
S&P DOW PUT OPT 07/22 3660 OPTN 0.0003000000
S&P DOW PUT OPT 07/22 3610 OPTN 0.0001000000
S&P DOW PUT OPT 07/22 3560 OPTN 0.0001000000
S&P DOW PUT OPT 07/22 3550 OPTN 0.0001000000
S&P DOW PUT OPT 07/22 3775 OPTN -0.0010000000
CBOE S&P PUT OPT 07/22 3775 OPTN -0.0009000000
S&P DOW PUT OPT 07/22 3725 OPTN -0.0005000000