Analysis

Key stats

About Overlay Shares Hedged Large Cap Equity ETF

OVLH holds an ETF that provides long exposure to the US large-cap equity space and constructs a bull put spread on the S&P 500 Index. What sets it apart from its sister fund, OVL, is that it adds another layer of hedging by purchasing long-term out-of-the-money put options with a notional value approximating the Funds NAV. Fund allocations are based on a quantitative methodology based on perceived risk of the broad US equity market. In making this determination, the Adviser considers various factors including overall market volatility, a qualitative assessment of potential risk/reward scenarios, and mitigating the effects of volatility in the funds portfolio.