OVMOverlay Shares Municipal Bond ETF
Seeks total return.
By Liquid Strategies · Launched 2019
Annual Cost
0.81%
#4,555 of 6,040 · expensive
Fund Size
$45M
#3,858 of 6,040 · mid-size
Return (1Y)
+2.7%
Track Record
6 years
#1,951 of 6,040 · established
Performance
Total-return NAV · USDGrowth of $10,000
$10,275+2.8%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundHoldings
By weightConcentration
Top 10 holdings = 130.7% of fundconcentrated
iShares National Muni Bond ETF
99.9%
Mount Vernon Liquid Assets Portfolio, LLC
30.9%
N/ASPXW 3 P6450
0.0%
N/ASPXW 3 P6500
0.0%
N/ASPXW 3 P6500
0.0%
N/ASPXW 3 P6500
0.0%
N/ASPXW 3 P6700
-0.0%
N/ASPXW 3 P6700
-0.0%
N/ASPXW 3 P6650
-0.0%
N/ASPXW 3 P6700
-0.0%
Asset allocation
Bonds
99.8%
Cash
0.4%
Other
0.2%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
4.9%Low
Year-on-year price swings
Max drawdown
-15.6%Moderate
Worst peak-to-trough loss
Sharpe (3Y)
0.09Below average
Sortino (3Y)
0.12Moderate downside risk
Bond profile
Duration
4.7 years
Avg maturity
10.2 years
Credit ratings
AAA
21.8%
AA
61.7%
A
15.7%
BBB
0.8%
Other
0.1%
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks total return.
- Strategy
- Actively manages a portfolio primarily invested in investment grade and below investment grade municipal bonds, utilizing an Overlay Strategy that includes selling and purchasing short-term put options to generate income. Focuses on achieving total return through exposure to municipal bonds and options on equity indices.
- Inception date
- September 30, 2019
- Fund family
- Liquid Strategies
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Data updated on 2026-09-18