OVT ETF — Holdings & Analysis

Overlay Shares Short Term Bond ETF (OVT), managed by Overlay Shares, is a fixed income ETF. 0.80% expense ratio, $50M AUM, 8 holdings, inception 2021.

Overlay Shares Short Term Bond ETF (OVT) ETF — Price, Holdings & Analysis

Overlay Shares Short Term Bond ETF (OVT), managed by Overlay Shares, is a fixed income ETF. 0.80% expense ratio, $50M AUM, 8 holdings, inception 2021.

ETF Overview

The fund is an actively-managed ETF that seeks to achieve its objective by (i) investing in one or more other ETFs that seek to obtain exposure to the performance of short-term, investment grade, U.S. dollar-denominated, fixed-rate taxable bonds with a dollar-weighted average maturity of no more than three years with a maximum maturity of five years or directly in the securities held by such ETFs and (ii) selling and purchasing listed short-term put options to generate income to the fund. Overlay Shares Short Term Bond ETF provides exposure to the fixed income market. The portfolio is concentrated with 8 holdings. Sector allocation is spread across 11 sectors, with Technology as the largest at 34.1%.

Risk Metrics

Overlay Shares Short Term Bond ETF holds only 8 positions, creating elevated concentration risk where poor performance from a few holdings can significantly impact returns. A beta of 0.70 indicates lower volatility relative to the broader market. The 0.80% expense ratio is above average and will reduce net returns over time. With $50M in assets, the fund may face liquidity constraints and wider bid-ask spreads.

Expense Ratio

0.80%

What does OVT hold?

Holding	Weight
Vanguard Short-Term Corporate Bond ETF (VCSH)	99.92%

How Is the Fund Allocated?

Sector	Weight
Technology	34.1%
Financial Services	12.6%
Communication Services	11.2%
Consumer Cyclical	10.6%
Healthcare	9.4%
Industrials	8.0%
Consumer Defensive	5.0%
Energy	3.2%
Utilities	2.3%
Real Estate	1.9%
Basic Materials	1.8%

Country	Weight
United States	99.6%
Other	0.4%

Dividend Yield

0.00%

JPMorgan International Bond Opportunities ETF (JPIB) — 0.50% expense ratio
IDX Dynamic Fixed Income ETF (DYFI) — 1.12% expense ratio
Invesco Taxable Municipal Bond ETF (BAB) — 0.28% expense ratio
Bluemonte Long Term Bond ETF (BLTD) — 0.23% expense ratio
Academy Veteran Impact ETF (VETZ) — 0.35% expense ratio
Day Hagan / Ned Davis Research Smart Sector Fixed Income ETF (SSFI) — 0.76% expense ratio
Invesco Ultra Short Duration ETF (GSY) — 0.22% expense ratio
iShares Securitized Income Active ETF (SECU) — 0.40% expense ratio

Overlay Shares Foreign Equity ETF (OVF) (Equity) — 0.83% expense ratio

Risk Metrics

Beta: 0.70

Questions & Answers

What is Overlay Shares Short Term Bond ETF (OVT)?

dollar-denominated, fixed-rate taxable bonds with It holds 8 securities. With $50M in assets under management, it is a funds in its category.

What is the expense ratio for OVT?

Overlay Shares Short Term Bond ETF has an expense ratio of 0.80%, which is considered higher than average for fixed income ETFs. This means for every $10,000 invested, annual fees would be approximately $80.

Lower expense ratios generally lead to better long-term returns, all else being equal.

What sectors does OVT invest in?

Overlay Shares Short Term Bond ETF allocates across 11 sectors. The largest sector exposures are Technology (34.1%), Financial Services (12.6%), Communication Services (11.2%). The sector allocation provides broad market exposure across multiple industries.

How long has OVT been around?

Overlay Shares Short Term Bond ETF was launched in 2021, making it 5 years old. It has several years of operating history for investors to evaluate. It is managed by Overlay Shares.

What is the current NAV of OVT?

Overlay Shares Short Term Bond ETF has a net asset value (NAV) of approximately $22.17 per share. The NAV represents the per-share value of the fund's underlying assets minus liabilities.

Market price may differ slightly from NAV due to supply and demand dynamics during trading hours.