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 97.3
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
iShares National Muni Bond ETF | 100.02 | 20.7 Mil | — |
First American Government Obligs X | 1.09 | 225,611 | Cash and Equivalents |
DEPOSITS WITH BROKER FOR SHORT POSITIONS | 1.01 | 208,349 | Cash and Equivalents |
Cash Offset | 0.89 | 185,149 | — |
Put On S&P 500 Apr24 | 0.53 | 110,610 | — |
Put On S&P 500 Apr24 | 0.41 | 85,360 | — |
Put On S&P 500 Apr24 | 0.39 | 79,888 | — |
US DOLLARS | −0.26 | −53,810 | Cash and Equivalents |
Put On S&P 500 Apr24 | −1.27 | −262,379 | — |
Put On S&P 500 Apr24 | −1.28 | −264,640 | — |