# OVM (Overlay Shares Municipal Bond ETF)

Overlay Shares · Income ETFs · data as of Sep 18, 2026

Over the year to Sep 18, 2026, OVM paid 6.2% in cash and finished 2.9 points ahead of MUB.

## Key facts

- OVM, cash paid, 1 year, on its starting price: 6.2%, as of Sep 18, 2026.
- OVM, total return, 1 year: +2.6%, as of Sep 18, 2026.
- OVM, against MUB: +2.9 pts, as of Sep 18, 2026.
- OVM, latest payout, annualized: 5.3%, as of Sep 18, 2026.
- OVM, net assets: $38m (SEC filing, whole fund, as filed for May 31, 2026).
- OVM, expense ratio: not read by ETFIQ, as of Sep 18, 2026.

## OVM over each window to Sep 18, 2026

| Window | Cash paid | Price | Total return | MUB | Ahead or behind |
| --- | --- | --- | --- | --- | --- |
| 3 months | 1.3% | −4.4% | −3.2% | −3.4% | +0.2 pts |
| 6 months | 2.6% | −2.9% | −0.3% | −1.3% | +1.0 pts |
| 1 year | 6.2% | −3.6% | +2.6% | −0.3% | +2.9 pts |
| 3 years | 16.2% | −3.4% | +13.6% | +7.9% | +5.7 pts |
| Since launch | 30.5% | −16.7% | +16.0% | +7.7% | +8.3 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Strategy | put-selling overlay | ETFIQ |
| Benchmark | US municipal bonds (MUB), used as the proxy (proxy) | ETFIQ |
| Pays | monthly | ETFIQ |
| Net assets | $38m | SEC filing, whole fund, as filed for May 31, 2026 |
| Latest payout, annualized | 5.3% | ETFIQ |
| Expense ratio | not read by ETFIQ | ETFIQ |
| Cash paid, last 12 months, over today’s price | 6.4% | ETFIQ |
| Launched | Oct 1, 2019 | ETFIQ |

## Questions

### How much has OVM paid over the last year?

Over the year to Sep 18, 2026, OVM paid 6.2% of its starting price in cash distributions, while the price fell 3.6%.

### Is OVM ahead of MUB?

Over the year to Sep 18, 2026, with every distribution reinvested, OVM returned +2.6% against −0.3% for US municipal bonds (MUB), used as the proxy, so a holder was ahead of it by 2.9 points.

### How often does OVM pay, and how much?

OVM pays monthly. The latest distribution annualizes to 5.3% at its price on Sep 18, 2026, which is not a promise; the next one can differ.


## Cite this page

ETFIQ, OVM, data as of Sep 18, 2026. https://etfiq.com/funds/ovm
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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