{
 "ticker": "OVS",
 "name": "Overlay Shares Small Cap Equity ETF",
 "issuer": "Overlay Shares",
 "desk": "income",
 "url": "https://etfiq.com/funds/ovs",
 "html": "https://etfiq.com/funds/ovs",
 "markdown": "https://etfiq.com/funds/ovs.md",
 "as_of": "2026-09-18",
 "verdict": "Over the year to Sep 18, 2026, OVS paid 9.8% in cash and finished 1.7 points ahead of IWM.",
 "key_facts": [
  {
   "key": "cash_paid_1_year_on_its_starting_price",
   "label": "Cash paid, 1 year, on its starting price",
   "value": "9.8%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "OVS, cash paid, 1 year, on its starting price: 9.8%, as of Sep 18, 2026."
  },
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "+18.9%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "OVS, total return, 1 year: +18.9%, as of Sep 18, 2026."
  },
  {
   "key": "against_iwm",
   "label": "Against IWM",
   "value": "+1.7 pts",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "OVS, against IWM: +1.7 pts, as of Sep 18, 2026."
  },
  {
   "key": "latest_payout_annualized",
   "label": "Latest payout, annualized",
   "value": "11.0%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "OVS, latest payout, annualized: 11.0%, as of Sep 18, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$28m",
   "source": "SEC filing, whole fund, as filed for May 31, 2026",
   "as_of": "2026-09-18",
   "sentence": "OVS, net assets: $28m (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": "OVS, expense ratio: not read by ETFIQ, as of Sep 18, 2026."
  }
 ],
 "fields": [
  {
   "key": "strategy",
   "label": "Strategy",
   "value": "put-selling overlay",
   "source": null
  },
  {
   "key": "benchmark",
   "label": "Benchmark",
   "value": "Russell 2000 (IWM)",
   "source": null
  },
  {
   "key": "pays",
   "label": "Pays",
   "value": "monthly",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$28m",
   "source": "SEC filing, whole fund, as filed for May 31, 2026"
  },
  {
   "key": "latest_payout_annualized",
   "label": "Latest payout, annualized",
   "value": "11.0%",
   "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": "9.0%",
   "source": "ETFIQ"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Oct 1, 2019",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Cash paid": "2.6%",
   "Price": "\u22125.2%",
   "Total return": "\u22122.7%",
   "IWM": "\u22123.6%",
   "Ahead or behind": "+0.9 pts"
  },
  {
   "window": "6 months",
   "Cash paid": "5.9%",
   "Price": "+10.9%",
   "Total return": "+16.8%",
   "IWM": "+17.9%",
   "Ahead or behind": "\u22121.1 pts"
  },
  {
   "window": "1 year",
   "Cash paid": "9.8%",
   "Price": "+8.5%",
   "Total return": "+18.9%",
   "IWM": "+17.2%",
   "Ahead or behind": "+1.7 pts"
  },
  {
   "window": "3 years",
   "Cash paid": "20.3%",
   "Price": "+32.8%",
   "Total return": "+57.0%",
   "IWM": "+62.5%",
   "Ahead or behind": "\u22125.5 pts"
  },
  {
   "window": "Since launch",
   "Cash paid": "39.6%",
   "Price": "+60.4%",
   "Total return": "+113.2%",
   "IWM": "+108.7%",
   "Ahead or behind": "+4.5 pts"
  }
 ],
 "questions": [
  {
   "q": "How much has OVS paid over the last year?",
   "a": "Over the year to Sep 18, 2026, OVS paid 9.8% of its starting price in cash distributions, while the price rose 8.5%."
  },
  {
   "q": "Is OVS ahead of IWM?",
   "a": "Over the year to Sep 18, 2026, with every distribution reinvested, OVS returned +18.9% against +17.2% for Russell 2000 (IWM), so a holder was ahead of it by 1.7 points."
  },
  {
   "q": "How often does OVS pay, and how much?",
   "a": "OVS pays monthly. The latest distribution annualizes to 11.0% 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)."
}