Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.
Overlay Shares Municipal Bond ETF OVM
Morningstar’s Analysis OVM
Will OVM outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 98.0
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
iShares National Muni Bond ETF | 100.14 | 20.8 Mil | — |
DEPOSITS WITH BROKER FOR SHORT POSITIONS | 1.19 | 246,289 | Cash and Equivalents |
Cash Offset | 0.67 | 138,149 | — |
First American Government Obligs X | 0.49 | 101,049 | Cash and Equivalents |
Put On S&P 500 Apr24 | 0.40 | 82,910 | — |
Put On S&P 500 Apr24 | 0.37 | 77,538 | — |
Put On S&P 500 Apr24 | 0.24 | 49,270 | — |
US DOLLARS | −0.35 | −73,103 | Cash and Equivalents |
Put On S&P 500 Apr24 | −0.96 | −199,500 | — |
Put On S&P 500 Apr24 | −1.08 | −224,379 | — |