{
 "ticker": "OVLH",
 "name": "Overlay Shares Hedged Large Cap Equity ETF",
 "issuer": "Overlay Shares",
 "desk": "income",
 "url": "https://etfiq.com/funds/ovlh",
 "html": "https://etfiq.com/funds/ovlh",
 "markdown": "https://etfiq.com/funds/ovlh.md",
 "as_of": "2026-09-18",
 "verdict": "Over the year to Sep 18, 2026, OVLH paid 0.3% in cash and still finished 7.5 points behind SPY.",
 "key_facts": [
  {
   "key": "cash_paid_1_year_on_its_starting_price",
   "label": "Cash paid, 1 year, on its starting price",
   "value": "0.3%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "OVLH, cash paid, 1 year, on its starting price: 0.3%, as of Sep 18, 2026."
  },
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "+9.1%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "OVLH, total return, 1 year: +9.1%, as of Sep 18, 2026."
  },
  {
   "key": "against_spy",
   "label": "Against SPY",
   "value": "\u22127.5 pts",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "OVLH, against SPY: \u22127.5 pts, as of Sep 18, 2026."
  },
  {
   "key": "latest_payout_annualized",
   "label": "Latest payout, annualized",
   "value": "0.3%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "OVLH, latest payout, annualized: 0.3%, as of Sep 18, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$116m",
   "source": "SEC filing, whole fund, as filed for May 31, 2026",
   "as_of": "2026-09-18",
   "sentence": "OVLH, net assets: $116m (SEC filing, whole fund, as filed for May 31, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "not read by ETFIQ",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "OVLH, expense ratio: not read by ETFIQ, as of Sep 18, 2026."
  }
 ],
 "fields": [
  {
   "key": "strategy",
   "label": "Strategy",
   "value": "put-selling overlay, hedged",
   "source": null
  },
  {
   "key": "benchmark",
   "label": "Benchmark",
   "value": "S&P 500 (SPY)",
   "source": null
  },
  {
   "key": "pays",
   "label": "Pays",
   "value": "annual",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$116m",
   "source": "SEC filing, whole fund, as filed for May 31, 2026"
  },
  {
   "key": "latest_payout_annualized",
   "label": "Latest payout, annualized",
   "value": "0.3%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "not read by ETFIQ",
   "source": null
  },
  {
   "key": "cash_paid_last_12_months_over_today_s_price",
   "label": "Cash paid, last 12 months, over today\u2019s price",
   "value": "0.3%",
   "source": "ETFIQ"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Jan 15, 2021",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Cash paid": "0.0%",
   "Price": "+0.5%",
   "Total return": "+0.5%",
   "SPY": "+2.3%",
   "Ahead or behind": "\u22121.7 pts"
  },
  {
   "window": "6 months",
   "Cash paid": "0.0%",
   "Price": "+11.0%",
   "Total return": "+11.0%",
   "SPY": "+18.0%",
   "Ahead or behind": "\u22127.0 pts"
  },
  {
   "window": "1 year",
   "Cash paid": "0.3%",
   "Price": "+8.8%",
   "Total return": "+9.1%",
   "SPY": "+16.6%",
   "Ahead or behind": "\u22127.5 pts"
  },
  {
   "window": "3 years",
   "Cash paid": "1.7%",
   "Price": "+52.5%",
   "Total return": "+54.7%",
   "SPY": "+78.4%",
   "Ahead or behind": "\u221223.7 pts"
  },
  {
   "window": "Since launch",
   "Cash paid": "3.1%",
   "Price": "+69.2%",
   "Total return": "+73.7%",
   "SPY": "+118.9%",
   "Ahead or behind": "\u221245.2 pts"
  }
 ],
 "questions": [
  {
   "q": "How much has OVLH paid over the last year?",
   "a": "Over the year to Sep 18, 2026, OVLH paid 0.3% of its starting price in cash distributions, while the price rose 8.8%."
  },
  {
   "q": "Is OVLH ahead of SPY?",
   "a": "Over the year to Sep 18, 2026, with every distribution reinvested, OVLH returned +9.1% against +16.6% for S&P 500 (SPY), so a holder was behind it by 7.5 points."
  },
  {
   "q": "How often does OVLH pay, and how much?",
   "a": "OVLH pays annual. The latest distribution annualizes to 0.3% at its price on Sep 18, 2026, which is not a promise; the next one can differ."
  }
 ],
 "generated": "2026-09-21",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}