OVT ETF — Overlay Shares Short Term Bond ETF

Overlay Shares Short Term Bond ETF (OVT)

OVT is an ETF. its distribution rate is 6.65%, its trailing-12-month yield is 8.29%, its expense ratio is 0.79%. Dividend Vision Distribution Safety Score™ is 94/100 (Safe). Total return is 17.0% over the past 5.7 years, 101.9 points behind SPY at 118.9%.

At the current 6.65% distribution rate, a $10,000 investment would generate approximately $665 per year, or $55.42 per month.

Overlay Shares Short Term Bond ETF is an actively-managed ETF that invests in short-term, investment-grade U.S. bonds with maturities of up to five years, either through other ETFs or directly, while selling short-term put options on listed securities to generate additional income. The fund pays distributions monthly and carries an expense ratio of 0.79%. It appeals to income-focused investors seeking current yield from a lower-duration fixed-income strategy.

OVT performance versus SPY

Price and return data through 2026-09-18.

Total return is 17.0% over the past 5.7 years, 101.9 points behind SPY at 118.9%. Over the past year its total return — price change plus distributions reinvested — is 3.8%. Its deepest 1-year drawdown was 1.8%.

OVT key facts

Distribution Safety Score™

94 · Safe

Safety-Adjusted Yield

6.25%

Issuer

Overlay Shares

Asset type

ETF

Asset class

Fixed Income

Inception date

01/14/2021

Expense ratio

0.79%

Distribution rate

6.65%

Distribution frequency

Monthly

Trailing yield

8.29%

Last close

$21.47 (as of 2026-09-18)

NAV

$21.36

Premium / discount

0.51% premium

AUM

$60,600,663

Average volume

8230.0

Last dividend

$0.119

Last ex-dividend date

08/27/2026 (as of 2026-08-27)

Last payment date

08/28/2026 (as of 2026-08-28)

Beta

0.7

P/E ratio

24.6824

How Dividend Vision calculates yield and returns

Distribution rate (6.65%) 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 (8.29%) 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. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Overlay Shares; 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.

OVT risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 1.8%.

Who may consider OVT — and who may not

OVT may suit someone looking for a high Distribution Safety Score. 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 securities from Overlay Shares.