Fund Evaluator:
Overlay Shares Municipal Bond ETF (OVM)
Follow This Fund
Fixed Income
Global Asset Class
Municipal Bond
Fund Group
Muni National Long
Category
$0.000
NAV (as of )
$0.00
Minimum Initial
0.81% F
Expense Ratio
$42 Mil
Assets
Open
Status
0.00%
12b-1 Fee
7.00%
TTM Yield
0.00%
Max Load
7%
Portfolio Turnover
Best Performing in Muni National Long Over the Last Year
| -1.6% | Baird Municipal Bond Investor (BMQSX) |
| -1.7% | Vanguard High-Yield Tax-Exempt Adm (VWALX) |
| -1.8% | Vanguard High-Yield Tax-Exempt (VWAHX) |
| -2.0% | T. Rowe Price Core Municipal Bond (PRTAX) |
| -2.1% | T. Rowe Price Core Plus Municipal Bd Inv (PRINX) |
Data as of 9/30/2026
-3.6% A
1-Mo Return
-5.3% A
3-Mo Return
-1.6% A
YTD Return
0.6% A
1-Yr Return
4.7% A
3-Yr Return
0.6% A
5-Yr Return
0.94 C
Category Risk Index
0.60
Total Risk Index
Fund Details
Fund Family
Liquid Strategies
Inception Date
9/30/2019
Share Class Type
Equity Investment Style
Mid-Cap
Blend
Bond Investment Style
na
Moderate Sensitivity
Socially Responsible Fund
No
Index Fund
No
Benchmark Index
Bloomberg US Agg Bond TR USD: 100%
Additional Fund Details
Overlay Shares Municipal Bond ETF Overview
OVM Trailing NAV Total Returns Data as of 9/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| OVM Return (NAV) | -3.6% | -5.3% | 0.6% | 4.7% | 0.6% | na |
| OVM Grade | A | A | A | A | A | na |
| +/- Category | 1.0% | 1.3% | 3.3% | 1.6% | 1.3% | na |
| Muni National Long Avg | -4.6% | -6.7% | -2.7% | 3.1% | -0.7% | 1.3% |
| OVM Tax Cost Ratio | na | na | 0.0% | 0.0% | 0.0% | na |
OVM Annual NAV Total ReturnsData as of 9/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| OVM Return (NAV) | -1.6% | 4.4% | 3.6% | 7.1% | -11.3% | 3.8% | 6.6% | na | na | na | na |
| OVM Grade | A | B | A | D | B | B | C | na | na | na | na |
| +/- Category | 2.5% | 1.4% | 1.1% | 0.3% | 0.3% | 1.0% | 1.8% | na | na | na | na |
| Muni National Long Avg | -4.1% | 3.0% | 2.5% | 6.8% | -11.6% | 2.8% | 4.8% | 8.1% | 0.7% | 5.8% | 0.2% |
| Risk Measures | |
| Standard Deviation: | 7.3% |
| Total Risk Index: | 0.60 - Below Average |
| Category Risk Index: | 0.94 - Above Average |
| Category Risk Grade: | D (64% Rank) |
| Beta: | 1.16 |
| R-Squared: | 90% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Mid-Cap Blend |
| Bond Investment Style: | na Moderate Sensitivity |
| Yield: | 7.0% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $42 Mil |
| Fund Total Assets: | $ 43 Mil |
| Share Class Type: | |
| Portfolio Turnover: | 7% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 7.0 years | |||
| Average Tenure: 7.0 years | |||
| Managers (Year): Gibson C. Shawn (2019), Stewart Adam (2019) | |||
Portfolio Composition (as of 9/30/26)
| # of Holdings: | 9 |
| % in Top 10 Holdings: | 102.4% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | -0.4% |
Portfolio Allocation |
|
| Domestic Stock: | -0.3% |
| Foreign Stock: | -0.4% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 98.1% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 2.5% |
Purchase Information
| Fund Family: | Liquid Strategies |
| Phone Number: | 866-704-6857 |
| Website: |
| Status: | Open |
| Inception Date: | September 30, 2019 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.00% |
Expenses and Fees | |
| Expense Ratio (%): | 0.81% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.79% |
| Share Class: | Overlay Shares Municipal Bond ETF |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
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