OVL

Fund Description
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 U.S. large cap equity securities or directly in the securities held by such ETFs (collectively, the Underlying Investments ) and (ii) selling and purchasing listed short-term put options to generate income to the Fund (the Overlay Strategy ). The Fund s Overlay Strategy seeks to generate income for the Fund by utilizing a put spread consisting of the sale of exchange-listed short-term put options ( Short Puts ) with a notional value (strike price times the value of the shares) up to 100% of the Fund s net assets and the purchase of an identical number of short-term put options ( Long Puts ) with a lower strike price. The Fund seeks to generate income from the sale and purchase of put options with a lower strike price to hedge against a decline in the options underlying asset, the S&P500 Index, which consists of approximately 500 leading U.S.-listed companies representing approximately 80% of the U.S. equity market capitalization.
Fund Profile
Fund Name Overlay Shares Large Cap Equity ETF
Fund Exchange Ticker OVL
Fund Sponsor Liquid Strategies
Fund ISIN US53656F8059
Net Expense Ratio 0.75 %
Fund Inception Date 30 September 2019
Fund Legal Structure ETF (Open end fund)
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific US Equities - Factor & Thematic
Asset Class Equities (Stocks)
Index Linked Active
Index Name Not Applicable
Index Provider Not Applicable
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Market Capitalization Range Large Cap
Growth Value Core / Blend
Continent North America
Key Statistics
Return As of Date 15 January 2021
Asset Under Management 125.07 Million (USD)
1 Month Total Return 2.28 %
Year To Date Return 0.56 %
1 Year Total Return 16.55 %
3 Year Annualized Total Return
NAV 32.0683
Share Outstanding 3,900,000
Top 10 Holdings (15 January 2021)
Constituent Name Constituent Ticker Constituent Type Weighting
VANGUARD S&P 500 ETF VOO ETF 1.0005000000
Cash & Other CASH 0.0038000000
CBOE S&P PUT OPT 1/21 3635 OPTN 0.0007000000
CBOE S&P PUT OPT 1/21 3595 OPTN 0.0007000000
CBOE S&P PUT OPT 1/21 3645 OPTN 0.0002000000
CBOE S&P PUT OPT 1/21 3600 OPTN 0.0002000000
CBOE S&P PUT OPT 1/21 3750 OPTN -0.0022000000
CBOE S&P PUT OPT 1/21 3710 OPTN -0.0018000000
CBOE S&P PUT OPT 1/21 3760 OPTN -0.0014000000
CBOE S&P PUT OPT 1/21 3715 OPTN -0.0010000000

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