Overlay Shares Small Cap Equity ETF

Frequently Asked Questions About OVS

What does OVS invest in?

OVS selects other ETFs in the U.S. small cap equity space to provide long exposure. In addition, the fund sells short put options at a strike below the level of the S&P 500 Index and buys put options below the strike price of the short put options. Fund allocations are based on a quantitative methodology based on the perceived risk of the broad U.S. equity market. The Adviser considers various factors including overall market volatility, a qualitative assessment of potential risk/reward scenarios, and mitigating the effects of volatility in the funds portfolio. In a rising or sideways U.S. equity market, the strategy seeks to provide a positive performance return along with additional income. In a declining U.S. equity market, or periods of increased volatility, the loss potential could be greater than the profit potential.

What is the expense ratio of OVS?

Overlay Shares Small Cap Equity ETF (OVS) charges an expense ratio of 0.83%. This is the annual fee deducted from fund assets to cover management and operations.

How big is OVS?

Overlay Shares Small Cap Equity ETF (OVS) manages $42.1M 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 OVS actively managed or an index fund?

OVS is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (OVS's is 0.83%) because there's no security selection cost.

When was OVS launched?

Overlay Shares Small Cap Equity ETF (OVS) launched in September 2019 and is managed by Overlay Shares.

How has OVS performed?

OVS'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.