OVM
Overlay Shares Municipal Bond ETF
NAV as of
4 Week: 21.11 - 21.73
52 Week: 20.84 - 22.39
Latest Closing Price
21.27
Premium / Discount
-0.04
Expense Ratio
0.84%
Investment Objective
The investment seeks total return. 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.
Main Fund Characteristics
Performance
| Period | Performance Returns(%) | Volatility(%) | Risk Adjusted Performance |
|---|---|---|---|
| YTD | -2.14 | 0.32 | -6.78 |
| 1 Day | -0.73 | 0.00 | 0.00 |
| 1 Week | -2.31 | 0.86 | -2.68 |
| 1 Month | -2.13 | 1.44 | -1.48 |
| 3 Months | -4.55 | 2.46 | -1.85 |
| 6 Months | -4.39 | 3.43 | -1.28 |
| 1 Year | -1.12 | 5.62 | -0.20 |
| 2 Years | -19.77 | 8.77 | -2.25 |
| 3 Years | -17.79 | 9.56 | -1.86 |
| 5 Years | 0.00 | 0.00 | 0.00 |
| 10 Years | 0.00 | 0.00 | 0.00 |
Price History
Annual Performance Return
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
| Price (%) | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 6.6013 | 3.8450 | -11.2981 |
| Nav (%) | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 |
| Rank | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 62.0000 | 6.0000 | 93.0000 |
Dividend Frequency
Lastest Dividend
| Ex Date | Payment Date | Dividend Payout per unit |
|---|---|---|
| N.A | ||
Portfolio Data
Total Number of Holdings: 9
Number of Bond Holdings: 0
Number of Equity Holdings: 0
Total Market Value: 14,704,555
Portfolio Composition
Top 10 Holdings
| % Portfolio Weight | Shares Owned | Shares Changed | Market Value | ||
|---|---|---|---|---|---|
| 1 | iShares National Muni Bond ETF | 100.2191 | 138,437 | -747 | 14,391,911 |
| 2 | CBOE S&P PUT OPT 09/23 4390 | 0.3471 | 7 | 7 | 49,840 |
| 3 | CBOE S&P PUT OPT 09/23 4350 | 0.2794 | 7 | 7 | 40,124 |
| 4 | CBOE S&P PUT OPT 09/23 4360 | 0.1981 | 6 | 6 | 28,446 |
| 5 | CBOE S&P PUT OPT 09/23 4330 | 0.1494 | 6 | 6 | 21,450 |
Country Exposure
Regional Exposure
America
Greater Europe
Greater Asia
Market Classification
Market Capitalization
| Size | % of portfolio |
|---|---|
| Giant | 0.07 |
| Large | 0.05 |
| Medium | 0.02 |
| Small | 0.00 |
| Micro | 0.00 |
Equity Style Box Breakdown
| 0 | 0 | 0 | Large |
| 0 | 0 | 0 | Mid |
| 0 | 0 | 0 | Small |
| Value | Blend | Growth |
Value Measures
Price/Prospective Earnings*
20.0290
Price/Book*
3.6626
Price/Sales*
2.2752
Price/Cash Flow*
13.4840
Dividend Yield*
1.6798
Growth Measures
Long-Term Earnings
11.7946
Historical Earnings
15.0288
Sales Growth
11.3994
Cash-Flow Growth
7.9896
Book-Value Growth
4.6383
*Forward-looking based on historical data.
Equity Sector
Number of Bond Holdings
0
Bond Statitics
| Detail | Value |
|---|---|
| Average Effective Duration | 6.30 |
| Average Effective Maturity (Years)* | 7.28 |
| Average Credit Quality | 4.00 |
| Average Weighted Coupon* | 4.72 |
| Average Weighted Price* | 102.57 |
Bond Style Box Breakdown
| 0 | 0 | 0 | High | Quality |
| 0 | 0 | 0 | Med | |
| 0 | 0 | 0 | Low | |
| Ltd | Mod | Ext | ||
| Interest-Rate Sensitivity | ||||
Credit Quality
| Type | % Bonds |
|---|---|
| AAA | 26.16 |
| AA | 59.37 |
| A | 13.75 |
| BBB | 0.68 |
| BB | 0.01 |
| B | 0.00 |
| Below B | 0.00 |
| Not Rated | 0.03 |
Bond Sector
Bond Maturity
| % Bonds | |
|---|---|
| 1 to 3 Years | 7.44 |
| 3 to 5 Years | 8.04 |
| 5 to 7 Years | 7.87 |
| 7 to 10 Years | 11.90 |
| 10 to 15 Years | 17.26 |
| 15 to 20 Years | 16.32 |
| 20 to 30 Years | 26.90 |
| Over 30 Years | 1.50 |
| 1 to 7 Days | 0.00 |
| 8 to 30 Days | 0.00 |
| 31 to 90 Days | 0.00 |
| 91 to 182 Days | 0.58 |
| 183 to 364 Days | 1.99 |
Data Source: Morningstar
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(2) may not be copied or redistributed except as specifically authorised;
(3) do not constitute investment advice;
(4) are provided solely for informational purposes;
(5) are not warranted to be complete, accurate or timely; and
(6) may be drawn from fund data published on various dates.
Morningstar and Phillip Securities Pte Ltd are not responsible for any trading decisions, damages or other losses related to the Information or its use. Please verify all of the Information before using it and don’t make any investment decision except upon the advice of a professional financial adviser. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up.
For the most up-to-date fund’s data and information, a copy of the fund factsheet, information or prospectus may be obtained from the respective ETF issuer.
