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Overlay Shares Municipal Bond ETF
OVM (Overlay Shares Municipal Bond ETF) is an active Fixed Income ETF by Overlay. With a 0.81% MER, it provides diversified exposure through 2 holdings. Quarterly distribution with a 6.18% yield.
OVM is actively managed by Overlay's investment team, which selects holdings with the goal of outperforming a benchmark index.
Its 0.81% MER reflects the costs of a more specialized management approach. It pays a quarterly distribution with a 6.18% yield, making it attractive for income-seeking investors.
This ETF is suited for investors seeking stability and capital preservation. It can serve as a defensive component in a diversified portfolio or as a temporary cash parking option.