Overlay Shares Hedged Large Cap Equity ETF
Name
As of 04/15/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
5.5%
1 yr return
17.6%
3 Yr Avg Return
4.9%
5 Yr Avg Return
N/A
Net Assets
$33.5 M
Holdings in Top 10
101.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.93%
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
Name
As of 04/15/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
OVLH - Profile
Distributions
- YTD Total Return 5.5%
- 3 Yr Annualized Total Return 4.9%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 0.8%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameOverlay Shares Hedged Large Cap Equity ETF
-
Fund Family NameN/A
-
Inception DateJan 14, 2021
-
Shares OutstandingN/A
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerBradley Ball
Fund Description
OVLH - Performance
Return Ranking - Trailing
Period | OVLH Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 5.5% | -51.8% | 22.1% | 94.13% |
1 Yr | 17.6% | -58.9% | 46.9% | 20.29% |
3 Yr | 4.9%* | -25.7% | 197.6% | N/A |
5 Yr | N/A* | -29.1% | 93.8% | N/A |
10 Yr | N/A* | -17.2% | 37.0% | N/A |
* Annualized
Return Ranking - Calendar
Period | OVLH Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 16.0% | -69.4% | 53.7% | N/A |
2022 | -16.8% | -94.0% | 152.6% | N/A |
2021 | N/A | -13.9% | 183.6% | N/A |
2020 | N/A | -18.2% | 8.9% | N/A |
2019 | N/A | -80.2% | 35.2% | N/A |
Total Return Ranking - Trailing
Period | OVLH Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 5.5% | -97.2% | 22.1% | 94.64% |
1 Yr | 17.6% | -58.9% | 67.6% | 21.67% |
3 Yr | 4.9%* | -25.7% | 197.6% | N/A |
5 Yr | N/A* | -28.1% | 93.8% | N/A |
10 Yr | N/A* | -11.8% | 37.0% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | OVLH Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 16.9% | -69.4% | 53.7% | N/A |
2022 | -16.1% | -94.0% | 152.6% | N/A |
2021 | N/A | -13.9% | 183.6% | N/A |
2020 | N/A | -12.8% | 8.9% | N/A |
2019 | N/A | -60.0% | 35.2% | N/A |
OVLH - Holdings
Concentration Analysis
OVLH | Category Low | Category High | OVLH % Rank | |
---|---|---|---|---|
Net Assets | 33.5 M | 177 K | 1.21 T | 92.29% |
Number of Holdings | 7 | 2 | 4154 | 99.24% |
Net Assets in Top 10 | 95 M | 1.74 K | 270 B | 82.43% |
Weighting of Top 10 | 101.78% | 1.8% | 100.0% | 0.07% |
Top 10 Holdings
- Vanguard SP 500 ETF 99.10%
- First American Government Obligations Fund 1.07%
- CBOE SP PUT OPT 01/25 4050 0.49%
- CBOE SP PUT OPT 12/24 3950 0.44%
- CBOE SP PUT OPT 06/24 4300 0.40%
- CBOE SP PUT OPT 03/24 4300 0.21%
- CBOE SP PUT OPT 01/24 4300 0.08%
Asset Allocation
Weighting | Return Low | Return High | OVLH % Rank | |
---|---|---|---|---|
Stocks | 99.10% | 0.00% | 130.24% | 39.97% |
Other | 1.61% | -13.91% | 134.98% | 12.10% |
Cash | 1.07% | -102.29% | 100.00% | 57.54% |
Preferred Stocks | 0.00% | 0.00% | 2.23% | 11.27% |
Convertible Bonds | 0.00% | 0.00% | 5.54% | 6.43% |
Bonds | 0.00% | -0.04% | 95.81% | 7.68% |
Stock Sector Breakdown
Weighting | Return Low | Return High | OVLH % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 25.44% | 36.34% |
Technology | 0.00% | 0.00% | 48.94% | 38.38% |
Real Estate | 0.00% | 0.00% | 37.52% | 39.78% |
Industrials | 0.00% | 0.00% | 29.90% | 64.85% |
Healthcare | 0.00% | 0.00% | 60.70% | 51.96% |
Financial Services | 0.00% | 0.00% | 55.59% | 66.04% |
Energy | 0.00% | 0.00% | 41.64% | 44.33% |
Communication Services | 0.00% | 0.00% | 27.94% | 43.63% |
Consumer Defense | 0.00% | 0.00% | 49.14% | 36.55% |
Consumer Cyclical | 0.00% | 0.00% | 50.47% | 37.82% |
Basic Materials | 0.00% | 0.00% | 26.10% | 57.91% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | OVLH % Rank | |
---|---|---|---|---|
US | 99.10% | 0.00% | 127.77% | 29.32% |
Non US | 0.00% | 0.00% | 33.51% | 66.39% |
OVLH - Expenses
Operational Fees
OVLH Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.93% | 0.01% | 2.95% | 40.19% |
Management Fee | 0.75% | 0.00% | 2.00% | 84.54% |
12b-1 Fee | N/A | 0.00% | 1.00% | 0.86% |
Administrative Fee | N/A | 0.00% | 0.85% | N/A |
Sales Fees
OVLH Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
OVLH Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.25% | 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.
OVLH Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 496.00% | N/A |
OVLH - Distributions
Dividend Yield Analysis
OVLH | Category Low | Category High | OVLH % Rank | |
---|---|---|---|---|
Dividend Yield | 0.79% | 0.00% | 19.15% | 40.42% |
Dividend Distribution Analysis
OVLH | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annually | Quarterly | Annually |
Net Income Ratio Analysis
OVLH | Category Low | Category High | OVLH % Rank | |
---|---|---|---|---|
Net Income Ratio | N/A | -54.00% | 6.06% | 73.49% |
Capital Gain Distribution Analysis
OVLH | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 29, 2023 | $0.240 | OrdinaryDividend |
Dec 30, 2022 | $0.197 | OrdinaryDividend |
Dec 31, 2021 | $0.119 | OrdinaryDividend |
OVLH - Fund Manager Analysis
Managers
Bradley Ball
Start Date
Tenure
Tenure Rank
Jan 14, 2021
1.38
1.4%
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.
C. Shawn Gibson
Start Date
Tenure
Tenure Rank
Jan 14, 2021
1.38
1.4%
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.
Adam Stewart
Start Date
Tenure
Tenure Rank
Jan 14, 2021
1.38
1.4%
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
Jan 14, 2021
1.38
1.4%
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 | 39.02 | 7.17 | 2.42 |