# Overlay Shares Hedged Large Cap Equity ETF (OVLH): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/ovlh for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Overlay Shares · Asset class: Equity - Strategy: — · Inception: 2021-01-14 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 U.S. large-cap equity securities or directly in the securities held by such ETFs (collectively, the “Underlying Investments”), and (ii) purchasing long-term out-of-the-money put options (i.e., put options with a strike price below the current price of the reference asset) to seek to hedge against significant declines in U.S. large-cap equities. ## Key Facts | Metric | Value | |---|---| | Price | $42.44 | | Expense Ratio | 0.80% | | Assets Under Management | $105.9M | | NAV | $42.36 | | Holdings Count | 9 | | Distribution Yield (TTM) | 0.28% | | Annual Distribution (TTM) | $0.12 /share | | Distribution Frequency | Annual | | 52-Week Range | $37.33 – $43.18 | | Beta | 0.73 | ## Latest Distribution - Amount: $0.1186 /share - Ex-date: 2025-12-23 - Pay date: 2025-12-24 ## Frequently Asked Questions ### What does OVLH invest in? 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 U.S. large-cap equity securities or directly in the securities held by such ETFs (collectively, the “Underlying Investments”), and (ii) purchasing long-term out-of-the-money put options (i.e., put options with a strike price below the current price of the reference asset) to seek to hedge against significant declines in U.S. large-cap equities. ### What is the expense ratio of OVLH? Overlay Shares Hedged Large Cap Equity ETF (OVLH) charges an expense ratio of 0.80%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is OVLH? Overlay Shares Hedged Large Cap Equity ETF (OVLH) manages $105.9M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is OVLH actively managed or an index fund? OVLH's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was OVLH launched? Overlay Shares Hedged Large Cap Equity ETF (OVLH) launched in January 2021 and is managed by Overlay Shares. ### How has OVLH performed? OVLH's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does OVLH pay a dividend? Overlay Shares Hedged Large Cap Equity ETF (OVLH) currently distributes little or no income. Trailing-twelve-month yield is 0.28%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does OVLH pay dividends? Overlay Shares Hedged Large Cap Equity ETF pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is OVLH's dividend yield? OVLH's trailing-twelve-month yield is 0.28%, calculated from the sum of dividends over the past year divided by the current price. ### When is OVLH's next ex-dividend date? The most recently announced ex-dividend date for OVLH was 2025-12-23. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will OVLH's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.80% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does OVLH charge its expense ratio? The expense ratio is deducted in tiny daily slices from OVLH's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does OVLH cost more than a fund like VOO? OVLH's strategy (current expense ratio 0.80%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where OVLH sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to OVLH? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as OVLH (0.80%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/ovlh - Distribution history: https://www.dividenddata.com/funds/ovlh/dividend - Holdings & diversification: https://www.dividenddata.com/funds/ovlh/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/ovlh/expenses - Peer comparison: https://www.dividenddata.com/funds/ovlh/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.