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Overlay Shares Municipal Bond ETF OVM

Morningstar Medalist Rating
Medalist Rating as of | See Liquid Strategies Investment Hub

Morningstar’s Analysis OVM

Will OVM outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable OVM’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the OVM management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of OVM’s parent organization’s priorities and whether they’re in line with investors’ interests.

Weakness in Overlay Shares Municipal Bond ETF's Process and People Pillar ratings limits this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings OVM

More OVM Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 0
  • Other Holdings 15
  • % Assets in Top 10 Holdings 98.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

iShares National Muni Bond ETF

100.03
14,135,934
—

First American Government Obligs X

1.01
143,179
Cash and Equivalents

Cash Offset

0.59
83,726
—

Put On S&P 500 Oct23

0.39
55,710
—

CBOE S&P PUT OPT 10/23 4250

0.33
47,010
—

DEPOSITS WITH BROKER FOR SHORT POSITIONS

0.31
43,577
Cash and Equivalents

CBOE S&P PUT OPT 09/23 4350

0.30
42,434
—

Put On S&P 500 Oct23

0.16
23,044
—

Put On S&P 500 Oct23

0.12
17,094
—

Put On S&P 500 Oct23

−0.30
−42,350
—