OVM

Overlay Shares Municipal Bond ETF

$21.50

+0.00%

Market closed. Last update: 10:54 PM ET

📎 Investment Objective

The Overlay Shares Municipal Bond ETF (OVM) seeks to provide exposure to a diversified portfolio of municipal bonds, with the goal of generating tax-exempt income.

Overview

ETF tracking Overlay Shares Municipal Bond ETF

Category Municipal Bonds

Issuer Other

Inception Date 2024-11-25

Market Cap $27.8M

Average Volume N/A

Dividend Yield 5.41%

52-Week Range $20.25 - $22.66

VWAP $21.51

Performance

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Investment Summary

📎 Investment Objective

The Overlay Shares Municipal Bond ETF (OVM) seeks to provide exposure to a diversified portfolio of municipal bonds, with the goal of generating tax-exempt income.

🎯 Investment Strategy

The ETF invests primarily in investment-grade municipal bonds, seeking to track the performance of the Bloomberg Barclays Municipal Bond Index. The fund may also use derivative instruments, such as futures and swaps, to manage interest rate risk and enhance returns.

✨ Key Features

Broad exposure to the municipal bond market
Potential for tax-exempt income generation
Low expense ratio of 0.00%
Liquid and transparent exchange-traded structure

⚠️ Primary Risks

Interest rate risk: The value of municipal bonds may decline as interest rates rise
Credit risk: The risk of default or downgrade by the issuers of the municipal bonds
Liquidity risk: The potential difficulty in buying or selling shares of the ETF
Concentration risk: The fund's focus on municipal bonds may make it more susceptible to factors affecting that sector

👤 Best For

The Overlay Shares Municipal Bond ETF may be suitable for investors seeking tax-exempt income and exposure to the municipal bond market, with a moderate risk tolerance and a medium-term investment horizon.