OVM – Overlay Shares Municipal Bond ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks total return. The fund is an actively-managed exchange-traded fund ("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 investment grade municipal bonds and below investment grade municipal bonds 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.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
OVM	Overlay Shares Municipal Bond ETF	ETF	Open			Sep 30, 2019	$42.97M	0.810%	—	—	$15.94M

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