OVLH
Overlay Shares Hedged Large Cap Equity ETF
📎 Investment Objective
The Overlay Shares Hedged Large Cap Equity ETF (OVLH) seeks to provide investment results that, before fees and expenses, correspond generally to the performance of the S&P 500 Index, while seeking to mitigate downside risk through the use of options-based hedging strategies.
Overview
ETF tracking Overlay Shares Hedged Large Cap Equity ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The Overlay Shares Hedged Large Cap Equity ETF (OVLH) seeks to provide investment results that, before fees and expenses, correspond generally to the performance of the S&P 500 Index, while seeking to mitigate downside risk through the use of options-based hedging strategies.
🎯 Investment Strategy
The fund invests primarily in a portfolio of large-capitalization U.S. equity securities that seek to track the performance of the S&P 500 Index. It then employs an options overlay strategy to help manage downside risk, using put options and other hedging techniques.
✨ Key Features
- Seeks to track the performance of the S&P 500 Index
- Utilizes an options-based hedging strategy to help mitigate downside risk
- Designed to provide large-cap U.S. equity exposure with a focus on risk management
- Relatively low expense ratio of 0.00%
⚠️ Primary Risks
- Market risk: The fund's value will fluctuate with the stock market, and you may lose money
- Hedging risk: The options-based hedging strategy may not be effective in reducing downside risk as intended
- Tracking error risk: The fund may not perfectly track the performance of the underlying index
- Liquidity risk: In certain market conditions, it may be difficult to buy or sell shares of the fund
👤 Best For
This ETF may be suitable for long-term investors seeking large-cap U.S. equity exposure with a focus on risk management. It may be particularly appealing to investors who are concerned about potential market downturns and want to incorporate a hedging strategy into their portfolio.