OVF ETF — Overlay Shares Foreign Equity ETF

Overlay Shares Foreign Equity ETF (OVF)

OVF is an ETF that tracks the MSCI ACWI ex US (80% IEFA / 20% IEMG). As of August 20, 2026, its distribution rate is 10.15%, its trailing-12-month yield is 9.57%, its expense ratio is 0.83%. Dividend Vision Distribution Safety Score™ is 75/100 (Generally safe). Fund total return is 87.1% over the past 6.9 years, 102.0 points behind SPY at 189.1%.

At the current 10.15% distribution rate, a $10,000 investment would generate approximately $1,015 per year, or $84.58 per month on an equivalent basis.

Overlay Shares Foreign Equity ETF is an actively-managed fund that combines exposure to non-U.S. equity markets—both developed and emerging—with a put-selling overlay strategy designed to generate additional income. The fund allocates eighty percent to developed foreign markets and twenty percent to emerging markets, while systematically selling short-term put options to enhance returns. It distributes income monthly at a high current rate, carries an expense ratio of 0.83%, and appeals to income-focused investors seeking international equity exposure combined with options-generated yield.

OVF performance versus SPY

Data as of August 20, 2026.

Fund total return is 87.1% over the past 6.9 years, 102.0 points behind SPY at 189.1%. Its deepest 1-year drawdown was 11.6%.

OVF key facts

Data as of August 20, 2026.

Distribution Safety Score™

75 · Generally safe

Safety-Adjusted Yield

7.61%

Issuer

Overlay Shares

Asset type

ETF

Asset class

Equity

Inception date

09/30/2019

Expense ratio

0.83%

Distribution rate

10.15%

Distribution frequency

Monthly

Trailing yield

9.57%

Last close

$32.05

AUM

$56,842,202

Average volume

22655.0

Last dividend

$0.2710

Ex-dividend date

07/29/2026

Payment date

07/30/2026

Beta

0.98

P/E ratio

18.3214

How Dividend Vision calculates yield and returns

Distribution rate (10.15%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (9.57%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 20, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 20, 2026.

Primary sources: Overlay Shares fund page; Index: MSCI ACWI ex US (80% IEFA / 20% IEMG); prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

OVF risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 11.6%.

Who may consider OVF — and who may not

It is a weaker fit for investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More funds from Overlay Shares.