Overlay Shares Core Bond ETF

Frequently Asked Questions About OVB

What does OVB invest in?

The fund, an actively managed exchange-traded fund (ETF), seeks to fulfill its investment mandate by employing a dual approach. This involves either investing in other ETFs that target exposure to investment-grade, U.S. dollar-denominated, fixed-rate taxable bonds, or directly acquiring these specific underlying debt instruments. Additionally, the fund generates revenue through the strategic buying and selling of listed short-term put options.

What is the expense ratio of OVB?

Overlay Shares Core Bond ETF (OVB) charges an expense ratio of 0.79%. This is the annual fee deducted from fund assets to cover management and operations.

What is OVB's dividend yield?

OVB's trailing-twelve-month yield is 6.20%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of OVB?

Effective duration measures OVB's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. OVB's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of OVB?

OVB's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of OVB?

Yield to maturity (YTM) is the total return you'd earn from OVB if every bond in the portfolio is held to maturity at the current price. OVB's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.