OVB

Overlay Shares Core Bond ETF

$20.59

+0.00%

Market closed. Last update: 10:50 PM ET

📎 Investment Objective

The Overlay Shares Core Bond ETF (OVB) seeks to provide exposure to a diversified portfolio of investment-grade fixed income securities with the goal of generating current income.

Overview

ETF tracking Overlay Shares Core Bond ETF

Category Fixed Income

Issuer Other

Inception Date 2024-11-25

Market Cap $34.9M

Average Volume N/A

Dividend Yield 5.91%

52-Week Range $19.73 - $21.19

VWAP $20.59

Performance

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Investment Summary

📎 Investment Objective

The Overlay Shares Core Bond ETF (OVB) seeks to provide exposure to a diversified portfolio of investment-grade fixed income securities with the goal of generating current income.

🎯 Investment Strategy

The ETF invests primarily in a broad range of investment-grade bonds, including U.S. Treasuries, corporate bonds, and mortgage-backed securities. The fund's portfolio is actively managed to maintain a targeted duration and credit quality profile.

✨ Key Features

Broad exposure to investment-grade fixed income securities
Active management to optimize portfolio composition and risk/return profile
Low expense ratio of 0.00%
Relatively new fund with limited performance history

⚠️ Primary Risks

Interest rate risk: The fund's value may decline when interest rates rise
Credit risk: The fund is exposed to the risk of default by the issuers of the bonds it holds
Liquidity risk: Less liquid bonds may be difficult to sell at desired prices
Lack of performance history: Investors have limited data to evaluate the fund's long-term track record

👤 Best For

The Overlay Shares Core Bond ETF may be suitable for investors seeking a diversified, investment-grade fixed income allocation as part of a broader portfolio. The fund may be appropriate for investors with a moderate risk tolerance who are focused on generating current income.