OVM vs. KEAT ETF Comparison

Comparison of Overlay Shares Municipal Bond ETF (OVM) to Keating Active ETF (KEAT)

OVM

Overlay Shares Municipal Bond ETF

OVM Description

The investment seeks total return. The fund is an actively-managed exchange-traded fund (ETF) that seeks to achieve its objective by (i) investing in one or more other ETFs that seek to obtain exposure to the performance of investment grade municipal bonds and below investment grade municipal bonds or directly in the securities held by such ETFs and (ii) selling and purchasing listed short-term put options to generate income to the fund.

Grade (RS Rating)

Last Trade

$22.27

Average Daily Volume

7,786

Number of Holdings ^*

* may have additional holdings in another (foreign) market

KEAT

Keating Active ETF

KEAT Description

KEAT actively invests in equity securities of all-cap companies considered undervalued based on the subadvisor's fundamental research. These securities include common stock, preferred stock, REITs, ADRs, and GDRs. The fund also considers and invests in international ETFs in the same manner it selects its individual securities. The sub-adviser initially identifies potential investment opportunities through public disclosures, and assesses their financial condition based on sustainable earnings and future cash flows through financial and strategic analyses. The portfolio will typically be comprised of 25 to 40 securities, all selected to offer exceptional value and have defensible positions. The fund also emphasizes companies with good shareholder yield. It intends to hold its positions for a year or more and sells them when it reaches its fair value or has become overvalued. KEAT may also hold short-term Treasurys in seeking total return.

Grade (RS Rating)

Last Trade

$26.89

Average Daily Volume

2,382

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	OVM	KEAT
30 Days	1.25%	0.99%
60 Days	-0.17%	0.14%
90 Days	0.54%	1.23%
12 Months	7.36%

0 Overlapping Holdings

	Symbol	Grade	Weight in OVM	Weight in KEAT	Overlap

OVM Overweight 1 Positions Relative to KEAT

	Symbol	Grade	Weight
	MUB	C	99.92%

OVM Underweight 27 Positions Relative to KEAT

Symbol	Grade	Weight
STIP	C	-28.19%
OII	B	-3.84%
GOLD	D	-3.73%
CALM	A	-3.56%
EQC	B	-3.54%
PM	B	-3.36%
TAP	C	-3.31%
VZ	C	-3.26%
EQNR	D	-3.23%
LMT	D	-3.16%
VOD	F	-3.14%
TALO	C	-2.99%
UL	D	-2.98%
TTE	F	-2.85%
LW	C	-2.42%
JNJ	D	-1.6%
AFL	B	-1.54%
XOM	B	-1.28%
TMO	F	-1.2%
WY	D	-1.16%
PEP	F	-0.9%
UPS	C	-0.84%
DOV	A	-0.81%
BRK.A	B	-0.79%
INTC	D	-0.57%
TGT	F	-0.57%
AXP	A	-0.51%

OVM: Top Represented Industries & Keywords

Industries:

Keywords: Bond Bond Market Bond Market Indices ETF Exchange Traded Fund Stock Fund