Overlay Shares Municipal Bond ETF (OVM)
- Expense ratio0.85%
- Net assets$43.8M
- Dividend yield7.00%
- 1-year return+1.40%
- Duration6.94 yrs
OVM ETF price chart
OVM quote & trading statistics
OVM performance
Annual returns & drawdowns →- YTD+0.89%
- 1 year+1.40%
- 3 years+6.28%/yr
- 5 years+0.97%/yr
- 10 years0.00%/yr
- 1Y volatility
- 6.03%
- 3Y volatility
- 6.98%
- 3Y Sharpe ratio
- 0.05
Returns include reinvested distributions; 3-, 5- and 10-year figures are annualized.
OVM bond portfolio
Rate scenarios & peers →- Yield to maturity
- 4.47%
- Effective duration
- 6.94 yrs
- Average maturity
- 11.6 yrs
- Average coupon
- 4.50%
A one-percentage-point rise in interest rates would lower the price by about 6.9%.
About Overlay Shares Municipal Bond ETF
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.
OVM ETF FAQ
What is the OVM expense ratio?
Overlay Shares Municipal Bond ETF has a net expense ratio of 0.85%, or $85.00 a year for every $10,000 invested.
How much money is in OVM?
Overlay Shares Municipal Bond ETF has about $43.8M in net assets.
How has OVM performed?
OVM returned +1.40% over the past year and +0.97% a year over the past five years, including reinvested distributions.
Does OVM pay dividends?
OVM has a dividend yield of 7.00%.
When was OVM launched?
Overlay Shares Municipal Bond ETF began trading on September 30, 2019.