OVT

Overlay Shares Short Term Bond ETF

$22.09

+0.00%

Market closed. Last update: 11:41 PM ET

📎 Investment Objective

The Overlay Shares Short Term Bond ETF (OVT) seeks to provide current income consistent with preservation of capital.

Overview

ETF tracking Overlay Shares Short Term Bond ETF

Category Fixed Income

Issuer Other

Inception Date 2024-11-25

Market Cap $51.2M

Average Volume N/A

Dividend Yield 6.29%

52-Week Range $21.32 - $22.58

VWAP $22.08

Performance

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Investment Summary

📎 Investment Objective

The Overlay Shares Short Term Bond ETF (OVT) seeks to provide current income consistent with preservation of capital.

🎯 Investment Strategy

The ETF invests primarily in a portfolio of short-term investment grade fixed income securities, including U.S. government bonds, corporate bonds, and mortgage-backed securities. The fund aims to maintain a weighted average maturity of 1-3 years to limit interest rate risk.

✨ Key Features

Focuses on short-term, high-quality fixed income securities to generate current income
Maintains a low duration portfolio to reduce sensitivity to rising interest rates
Diversified exposure across government, corporate, and mortgage-backed bonds
Expense ratio of 0.00% makes it a low-cost option for fixed income exposure

⚠️ Primary Risks

Interest rate risk - The fund's value may decline if interest rates rise
Credit risk - The fund is exposed to the risk of default by the issuers of the bonds it holds
Liquidity risk - It may be difficult to sell certain bonds held by the fund in a timely manner
Reinvestment risk - When bonds mature, the fund may have to reinvest the proceeds at a lower yield

👤 Best For

The Overlay Shares Short Term Bond ETF may be suitable for investors seeking current income and capital preservation, with a low to moderate risk tolerance. It can serve as a core fixed income holding or a defensive component in a diversified portfolio.