Overlay Shares Municipal Bond ETF OVM
Source: Yahoo Finance (opens in a new tab) Observed · 1 day ago Quotes may be delayed
- Expense ratio
- 0.81%
- Net assets
- $38.0M
- Holdings
- 11
- 12-month distribution yield
- 5.40%
- Asset class
- Fixed income
Overlay Shares Municipal Bond ETF (OVM) is an exchange-traded fund listed on Cboe BZX in the United States. Its category is Fixed income. Its last price was US$20.70 on 20 Oct 2026. Its expense ratio is 0.81% a year, from its prospectus dated 31 Dec 2025. It reported net assets of US$38.04 million as of 31 May 2026. Its latest holdings report lists 11 holdings as of 31 May 2026. Over the last 12 months it paid distributions of US$1.12 a unit, a 12-month distribution yield of 5.40%, paid monthly.
Fees
- Total annual operating expenses (gross)
- 0.81%
- Net, after fee waivers or reimbursements
- No waiver stated
- Management fee
- 0.75%
- Prospectus date
- 31 Dec 2025
- Filed with the SEC
- 23 Dec 2025
Size and reporting
- Net assets
- $38,036,099
- Total assets
- $48,800,712
- Holdings as of
- 31 May 2026
- Report made public
- 30 Jul 2026 (60 days after the month end)
Top holdings
Largest 11 of 11 positions, as of 31 May 2026. Weight is the percent of net assets the fund reported.
| # | Holding | Identifier | Weight | Value (USD) | Type | Country | Currency |
|---|---|---|---|---|---|---|---|
| 1 | iShares National Muni Bond ETF | US4642884146 | 99.69% | $37.9M | Equity (common) | United States | USD |
| 2 | Mount Vernon Liquid Assets Portfolio, LLC | No identifier reported | 26.41% | $10.0M | Short-term investment vehicles (cash funds) | United States | USD |
| 3 | SPXW US 06/11/26 P7575 | No identifier reported | -0.20% | -$75K | Equity derivatives | United States | USD |
| 4 | SPXW US 06/10/26 P7575 | No identifier reported | -0.17% | -$65K | Equity derivatives | United States | USD |
| 5 | SPXW US 06/08/26 P7575 | No identifier reported | -0.16% | -$59K | Equity derivatives | United States | USD |
| 6 | SPXW US 06/09/26 P7575 | No identifier reported | -0.16% | -$59K | Equity derivatives | United States | USD |
| 7 | SPXW US 06/11/26 P7500 | No identifier reported | 0.12% | $45K | Equity derivatives | United States | USD |
| 8 | SPXW US 06/10/26 P7500 | No identifier reported | 0.10% | $37K | Equity derivatives | United States | USD |
| 9 | SPXW US 06/09/26 P7500 | No identifier reported | 0.08% | $32K | Equity derivatives | United States | USD |
| 10 | SPXW US 06/08/26 P7500 | No identifier reported | 0.08% | $30K | Equity derivatives | United States | USD |
| 11 | First American Government Obli First American Government Obligations Fund | US31846V3362 | 0.05% | $20K | Short-term investment vehicles (cash funds) | United States | USD |
Breakdowns
Sums of reported weights over every position in the report. Totals can differ from 100% because of derivatives, borrowing and cash.
Asset type
| Type | Weight | Bar |
|---|---|---|
| Equity (common) | 99.69% | |
| Short-term investment vehicles (cash funds) | 26.46% | |
| Equity derivatives | -0.30% |
Country
| Country | Weight | Bar |
|---|---|---|
| United States | 125.85% |
Currency exposure
| Currency | Weight | Bar |
|---|---|---|
| US dollar (USD) | 125.85% |
Sector
No sector data
Source: SEC Form N-PORT (opens in a new tab) Holdings as of
Distributions
- Paid in the last 12 months
- $1.1170
- 12-month yield
- 5.40%
- Frequency
- Monthly
- Latest ex-date
- 29 Sep 2026
12-month yield = distributions per unit with an ex-date in the last 12 months ($1.1170) ÷ latest price ($20.70) × 100 = 5.40%. It looks back, so it is not a forecast; special distributions in the window are included.
Why a distribution yield is not the fund's return: yield vs total return
Distribution history table (26 payments)
| Ex-date | Amount per unit |
|---|---|
| 29 Sep 2026 | $0.0930 |
| 27 Aug 2026 | $0.0920 |
| 29 Jul 2026 | $0.0910 |
| 26 Jun 2026 | $0.0920 |
| 27 May 2026 | $0.0950 |
| 28 Apr 2026 | $0.0930 |
| 27 Mar 2026 | $0.0930 |
| 25 Feb 2026 | $0.0940 |
| 28 Jan 2026 | $0.0930 |
| 23 Dec 2025 | $0.2810 |
| 3 Oct 2025 | $0.3070 |
| 3 Jul 2025 | $0.2790 |
| 3 Apr 2025 | $0.3030 |
| 24 Dec 2024 | $0.2740 |
| 3 Oct 2024 | $0.2700 |
| 3 Jul 2024 | $0.2710 |
| 3 Apr 2024 | $0.2540 |
| 27 Dec 2023 | $0.2710 |
| 3 Oct 2023 | $0.2500 |
| 5 Jul 2023 | $0.2540 |
| 4 Apr 2023 | $0.2550 |
| 28 Dec 2022 | $0.2420 |
| 4 Oct 2022 | $0.2280 |
| 5 Jul 2022 | $0.2180 |
| 4 Apr 2022 | $0.2210 |
| 29 Dec 2021 | $0.8010 |
Filings and sources
- Form N-PORT report for May 2026 (opens in a new tab)
- Prospectus filing with the fee table (opens in a new tab)
- All SEC filings for this fund series (S000066488) (opens in a new tab)
- Nasdaq Trader symbol directory (opens in a new tab)
- Yahoo Finance quote and distributions (opens in a new tab)
- How the ETF figures are collected
Compare with
Largest funds in the same category:
- OVM and BNDW Vanguard Total World Bond ETF
- OVM and TLTW iShares TLT Premium Income+ ETF
- OVM and BDBT Bluemonte Core Bond ETF
- OVM and EDGF 3EDGE Dynamic Fixed Income ETF