OVB: Overlay Shares Core Bond ETF - MutualFunds.com
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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$26.51

-

3.15%

$0.83

0.80%

Vitals

YTD Return

0.0%

1 yr return

3.1%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$144 M

Holdings in Top 10

N/A

52 WEEK LOW AND HIGH

$26.44
$25.44
$26.63

Expenses

OPERATING FEES

Expense Ratio 0.80%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund

Investment Style

Intermediate Core Bond


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$26.51

-

3.15%

$0.83

0.80%

OVB - Profile

Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.46%
DIVIDENDS
  • Dividend Yield 3.2%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Overlay Shares Core Bond ETF
  • Fund Family Name
    Overlay Shares
  • Inception Date
    Sep 30, 2019
  • Shares Outstanding
    5450000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    C. Shawn Gibson

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, U.S. dollar-denominated, fixed-rate taxable 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.


OVB - Performance

Return Ranking - Trailing

Period OVB Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -83.6% 1376.4% 8.51%
1 Yr 3.1% -9.5% 15.9% 14.86%
3 Yr N/A* 0.1% 10.6% N/A
5 Yr N/A* 0.8% 7.9% N/A
10 Yr N/A* 0.9% 8.7% N/A

* Annualized

Return Ranking - Calendar

Period OVB Return Category Return Low Category Return High Rank in Category (%)
2020 5.2% -82.5% 1027.9% 27.85%
2019 N/A -20.8% 23.0% N/A
2018 N/A -11.4% 2.7% N/A
2017 N/A -49.5% 12.4% N/A
2016 N/A -49.3% 192.8% N/A

Total Return Ranking - Trailing

Period OVB Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -83.6% 1377.6% 8.89%
1 Yr 3.1% -12.2% 15.9% 10.81%
3 Yr N/A* -0.9% 10.6% N/A
5 Yr N/A* 0.7% 7.9% N/A
10 Yr N/A* 0.9% 8.7% N/A

* Annualized

Total Return Ranking - Calendar

Period OVB Return Category Return Low Category Return High Rank in Category (%)
2020 5.2% -82.5% 1027.9% 27.85%
2019 N/A -20.8% 23.0% N/A
2018 N/A -11.4% 3.9% N/A
2017 N/A -6.0% 12.4% N/A
2016 N/A -7.0% 204.3% N/A

OVB - Holdings

Concentration Analysis

OVB Category Low Category High OVB % Rank
Net Assets 144 M 3.23 M 318 B 85.61%
Number of Holdings 6 1 18577 97.90%
Net Assets in Top 10 144 M -1.01 B 45.3 B 63.35%
Weighting of Top 10 N/A 4.0% 100.0% 0.67%

Top 10 Holdings

  1. iShares Core US Aggregate Bond ETF 99.98%
  2. Option on S&P 500 Feb21 0.60%
  3. Option on S&P 500 Feb21 0.60%
  4. Option on S&P 500 Feb21 0.60%
  5. Option on S&P 500 Feb21 0.60%
  6. Option on S&P 500 Feb21 0.60%
  7. Option on S&P 500 Feb21 0.60%
  8. Option on S&P 500 Feb21 0.60%
  9. Option on S&P 500 Feb21 0.60%
  10. Option on S&P 500 Feb21 0.60%

Asset Allocation

Weighting Return Low Return High OVB % Rank
Bonds
92.14% -48.07% 176.88% 67.82%
Cash
7.08% -86.81% 162.28% 27.07%
Convertible Bonds
0.86% 0.00% 38.29% 67.18%
Preferred Stocks
0.00% 0.00% 84.24% 69.01%
Other
0.00% -15.00% 16.74% 50.32%
Stocks
-0.08% -0.17% 24.74% 98.91%

Bond Sector Breakdown

Weighting Return Low Return High OVB % Rank
Government
38.39% 0.00% 80.01% 19.69%
Corporate
25.57% 0.00% 100.00% 70.83%
Securitized
21.74% 0.00% 98.27% 73.02%
Cash & Equivalents
13.64% 0.00% 100.00% 10.12%
Municipal
0.66% 0.00% 100.00% 36.55%
Derivative
0.00% 0.00% 19.56% 65.54%

Bond Geographic Breakdown

Weighting Return Low Return High OVB % Rank
US
85.78% -48.49% 245.19% 42.66%
Non US
6.36% -108.35% 39.51% 71.01%

OVB - Expenses

Operational Fees

OVB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.80% 0.01% 2.91% 29.90%
Management Fee 0.75% 0.00% 0.95% 99.15%
12b-1 Fee 0.00% 0.00% 1.00% 7.50%
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

OVB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

OVB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

OVB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 6.00% 496.00% 26.26%

OVB - Distributions

Dividend Yield Analysis

OVB Category Low Category High OVB % Rank
Dividend Yield 3.15% 0.00% 2.97% 50.59%

Dividend Distribution Analysis

OVB Category Low Category High Category Mod
Dividend Distribution Frequency Annually Semi-Annually Monthly Monthly

Net Income Ratio Analysis

OVB Category Low Category High OVB % Rank
Net Income Ratio 1.46% -0.20% 8.97% 82.19%

Capital Gain Distribution Analysis

OVB Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Monthly Monthly

Dividend Payout History

View More +

OVB - Fund Manager Analysis

Managers

C. Shawn Gibson


Start Date

Tenure

Tenure Rank

Sep 30, 2019

1.92

1.9%

Mr. Gibson co-Founded Liquid Strategies, LLC in 2013 and serves as the Chief Investment Officer and Portfolio Manager and is a member of the firm’s Executive Management Committee. His investment experience primarily in the area of options trading and options portfolio management. Mr. Gibson started trading options in 1997 with the Timber Hill Group, one of the world’s largest options market making firms. While at Timber Hill, he was an options market maker on the floor of the Pacific Exchange and was later promoted to join a small team in Greenwich, CT that was responsible for overseeing the firm’s multi-billion dollar options trading portfolio. Mr. Gibson subsequently served as Head of Options Strategy and Director of Alternative Investments at BB&T, where he worked with advisors and their clients to develop options-based hedging and yield enhancing strategies. He is an active member of his community and was voted as one of the Top 40 leaders under 40 while living in Richmond after being nominated by his peers due to his professional accomplishments and community involvement. Mr. Gibson earned his B.S. in Commerce from the University of Virginia.

Bradley Ball


Start Date

Tenure

Tenure Rank

Sep 30, 2019

1.92

1.9%

Mr. Ball co-founded Liquid Strategies, LLC in 2013 and serves as Chief Executive Officer, Managing Member and Portfolio Manager on the LS Theta Strategies Investment Team. Prior to founding the Liquid Strategies, Mr. Ball was a founding partner and CEO of Perimeter Capital Management. Concurrently with founding Perimeter, he was Vice President of Concourse Capital Management, LLC, an affiliated investment adviser to a long/short equity private fund. Previously he served as Executive Vice President of Trusco Capital Management and served on the firm’s Executive Committee. Mr. Ball has been in the investment industry since 1985, has served on numerous industry boards and is a frequent conference speaker. He is a graduate of Oklahoma State University where he received a degree in Finance. Mr. Ball has served on numerous non-profit boards and currently serves as a board member of the Sandy Springs Perimeter Chamber of Commerce.

Adam Stewart


Start Date

Tenure

Tenure Rank

Sep 30, 2019

1.92

1.9%

Mr. Stewart co-founded Liquid Strategies, LLC in 2013. He is co-portfolio manager of the Theta strategy and serves on the Liquid Strategies investment team, which is responsible for setting portfolio allocations based on the risk profile of the markets. Mr. Stewart began his career at Franklin Templeton in 1997 and later served as Head of Equity Trading at Trusco Capital Management along with managing equity trading operations. Most recently, he was a founding partner and Director of Trading for Perimeter Capital Management. Mr. Stewart received his Chartered Financial Analyst (CFA) designation in 2001 and earned his B.A. from Auburn University.

Justin Boller


Start Date

Tenure

Tenure Rank

Sep 30, 2019

1.92

1.9%

Mr. Boller serves as a Portfolio Manager on the Liquid Strategies Theta investment team. Mr. Boller began his career at Invesco in 1999 where he served as a Client Portfolio Manager, working on the company’s Global Equity investment team. While also at Invesco, he also served as Director of Strategic Planning for the global firm. Most recently, Mr. Boller has worked as Chief Investment Officer for Advocacy Wealth Management, LLC. He is a graduate of Wake Forest University, where he earned a bachelor's in business with a focus in finance. Mr. Boller is a Chartered Financial Analyst (CFA) charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 32.68 6.65 0.42