Overlay Shares Municipal Bond Fund (OVM)
BATS BATS Primary Summary
OVM Chart
Overlay Shares Municipal Bond Fund Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Jaimie Palmer Beacon Capital Management LLC | 18,779 | $402,997.34 | $404,875.24 | $1,877.9 | 0.47% |
 KURT TRAULSEN EVOLUTION WEALTH MANAGEMENT INC. | 491 | $10,355 | $10,576.14 | $221.14 | 2.14% |
 William F. Blake PMG Family Office LLC | 20,514 | $446,867 | $441,340.25 | -$5,526.75 | -1.24% |
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Overlay Shares Municipal Bond Fund Profile
| BATS Exchange | US Country |
Overview
The fund is designed as an actively-managed exchange-traded fund (ETF) with a clear investment focus. It aims to fulfill its investment objective through a dual strategy. Primarily, the fund invests in other ETFs that are focused on both investment grade and below investment grade municipal bonds, or it directly acquires the securities that those ETFs hold. This investment approach allows the fund to diversify its portfolio across various municipal bonds, aiming to blend the stability of investment-grade securities with the higher yield potential of lower-grade bonds. Additionally, the fund engages in short-term options trading, specifically selling and buying listed put options, as a strategy to generate additional income. This aspect of the fund's operation seeks to provide a steady income stream to its investors through the premiums collected from these options trades, which is a relatively unique approach for an ETF focused on municipal bonds.
Products and Services
- Investment in ETFs and Direct Securities
The core of the fund's strategy involves investing in a selection of other ETFs that target the municipal bond market. This includes ETFs that focus on both investment grade and below investment grade municipal bonds. By doing so, the fund aims to tap into the broad market exposure and diversification benefits provided by these ETFs. Alternatively, the fund can directly invest in the exact securities that these targeted ETFs hold, allowing for a more hands-on approach to its investment strategies and potentially enabling more precise control over its portfolio composition.
- Options Trading for Income Generation
As an innovative means of income generation, the fund actively engages in the sale and purchase of listed short-term put options. This strategy is designed to capitalize on the premium income that can be earned from options trading. By carefully selecting and managing these options trades, the fund seeks to add a consistent income layer on top of the potential growth and yield offered by its municipal bonds investments. This method distinguishes the fund from traditional bond ETFs by adding a dynamic and potentially lucrative element to its income-generation capabilities.
