Fund Evaluator:
Overlay Shares Small Cap Equity ETF (OVS)
Follow This Fund
Equity
Global Asset Class
U.S. Equity
Fund Group
Small Blend
Category
$0.000
NAV (as of )
$0.00
Minimum Initial
0.83% F
Expense Ratio
$35 Mil
Assets
Open
Status
0.00%
12b-1 Fee
7.67%
TTM Yield
0.00%
Max Load
6%
Portfolio Turnover
Best Performing in Small Blend Over the Last Year
| 50.4% | Royce Micro-Cap Invmt (RYOTX) |
| 46.4% | River Oak Discovery (RIVSX) |
| 39.7% | Goldman Sachs Small Cap Eq Insghts Inv (GDSTX) |
| 39.3% | Vanguard Strategic Small-Cap Equity Inv (VSTCX) |
| 38.0% | North Star Small Cap Value Investor (WSCVX) |
Data as of 7/31/2026
-2.2% C
1-Mo Return
6.0% C
3-Mo Return
23.2% A
YTD Return
36.8% A
1-Yr Return
14.6% B
3-Yr Return
7.6% C
5-Yr Return
1.16 F
Category Risk Index
1.72
Total Risk Index
Fund Details
Fund Family
Overlay Shares
Inception Date
9/30/2019
Share Class Type
Equity Investment Style
Small-Cap
Blend
Bond Investment Style
na
Socially Responsible Fund
No
Index Fund
No
Benchmark Index
S&P 500 (TR) (1970): 100%
Additional Fund Details
Overlay Shares Small Cap Equity ETF Overview
OVS Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| OVS Return (NAV) | -2.2% | 6.0% | 36.8% | 14.6% | 7.6% | na |
| OVS Grade | C | C | A | B | C | na |
| +/- Category | 0.7% | 0.8% | 8.5% | 1.1% | 0.0% | na |
| Small Blend Avg | -2.8% | 5.2% | 28.3% | 13.5% | 7.6% | 10.3% |
| OVS Tax Cost Ratio | na | na | 3.4% | 2.2% | 1.7% | na |
OVS Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| OVS Return (NAV) | 23.2% | 6.5% | 11.1% | 17.4% | -20.1% | 30.0% | 12.3% | na | na | na | na |
| OVS Grade | A | D | C | C | F | A | C | na | na | na | na |
| +/- Category | 5.0% | -1.4% | -0.5% | 0.9% | -3.5% | 6.8% | -2.0% | na | na | na | na |
| Small Blend Avg | 18.2% | 7.9% | 11.6% | 16.5% | -16.5% | 23.2% | 14.4% | 25.5% | -11.8% | 14.1% | 20.2% |
| Risk Measures | |
| Standard Deviation: | 21.1% |
| Total Risk Index: | 1.72 - High |
| Category Risk Index: | 1.16 - High |
| Category Risk Grade: | F (96% Rank) |
| Beta: | 1.23 |
| R-Squared: | 58% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Small-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 7.7% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $35 Mil |
| Fund Total Assets: | $ 36 Mil |
| Share Class Type: | |
| Portfolio Turnover: | 6% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 6.8 years | |||
| Average Tenure: 6.8 years | |||
| Managers (Year): Gibson C. Shawn (2019), Stewart Adam (2019) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 11 |
| % in Top 10 Holdings: | 101.7% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.7% |
Portfolio Allocation |
|
| Domestic Stock: | 98.6% |
| Foreign Stock: | 0.7% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 2.4% |
| Cash: | -1.6% |
Purchase Information
| Fund Family: | Overlay Shares |
| 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 (%): | 0.83% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.05% |
| Share Class: | Overlay Shares Small Cap Equity ETF |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
Copyright 2026 American Association of Individual Investors and Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.