Overlay Shares Core Bond ETF
OVB
Chicago Board Options Exchange- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 3550 Lenox Road, NE Atlanta United States of America 30326
- IPO Date
- Oct 1, 2019
- CIK
- 0001683471
- Website
- overlayshares.com
- Similar Companies
- Business
- Overlay Shares Core Bond ETF (OVB) is an actively managed exchange-traded fund that seeks total return by investing primarily in other exchange-traded funds providing exposure to investment grade, U.S. dollar-denominated, fixed-rate taxable bonds, such as the iShares Core U.S. Aggregate Bond ETF, and by overlaying an options strategy involving the sale of exchange-listed short-term put options on the S&P 500 Index with a notional value up to 100% of net assets and the simultaneous purchase of an identical number of lower strike price put options to generate additional income. The ETF's principal holdings include U.S. bonds (approximately 93%), non-U.S. bonds (around 6%), and cash equivalents, with the put spread overlay designed to produce positive returns in rising or flat equity markets and mitigate losses in modest declines through net option premiums. Launched on September 30, 2019, and listed on the Cboe BZX Exchange, the fund is managed by Liquid Strategies, LLC, headquartered in Atlanta, Georgia, which oversees a suite of Overlay Shares ETFs targeting U.S. and international equity, short-term bond, core bond, and municipal bond segments with similar income-enhancing overlays. The fund's total annual operating expenses stand at 0.79%, comprising a 0.75% management fee and minimal other costs, with a portfolio turnover rate of 11% for the fiscal year ended August 31, 2024. It targets intermediate core bond investors seeking enhanced yield over the Bloomberg U.S. Aggregate Bond Index through capital appreciation and option income, distributing both underlying ETF income and a managed quarterly component equivalent to 50 basis points in anticipated overlay premiums. As of December 2025, net assets approximate $33.3 million, with a 30-day SEC yield of 3.08% and a distribution rate of 6.02%. In recent developments, the fund maintained strong performance through early 2025 equity market pullbacks, with its overlay strategy delivering returns above expectations amid relatively low volatility and rising markets, as noted in period-end commentary. Portfolio managers Adam Stewart, CFA, and Shawn Gibson continue to apply a quantitative value-at-risk framework to govern options allocations based on U.S. equity market volatility assessments. The prospectus was updated as of December 31, 2024, reflecting ongoing refinements to risk disclosures amid persistent interest rate and derivatives market dynamics, with no reported acquisitions, partnerships, or structural changes in the past 1-2 years.