Overlay Shares | Premium-Discount Information

OVS | Overlay Shares Small Cap Equity ETF

Fund Prospectus

Period Covered October 1, 2019 through December 31, 2019
Premium/Discount Range Number of Trading Days % of Total Trade Days
1.00% or more 0 0.00%
0.75% to 0.999% 0 0.00%
0.50% to 0.749% 0 0.00%
0.25% to 0.499% 1 1.56%
0.00% to 0.249% 40 62.50%
-0.001% to -0.249% 22 34.38%
-0.25% to -0.499% 1 1.56%
-0.50% to -0.749% 0 0.00%
-0.75% to -0.999% 0 0.00%
-1.00% or more 0 0.00%
  64 100.00%

 

Period Covered January 01, 2020 through March 31, 2020
Premium/Discount Range Number of Trading Days % of Total Trade Days
1.00% or more 2 3.23%
0.75% to 0.999% 2 3.23%
0.50% to 0.749% 2 3.23%
0.25% to 0.499% 3 4.84%
0.00% to 0.249% 35 56.45%
-0.001% to -0.249% 10 16.13%
-0.25% to -0.499% 0 0.00%
-0.50% to -0.749% 0 0.00%
-0.75% to -0.999% 1 1.61%
-1.00% or more 7 11.29%
  62 100.00%

 

Period Covered April 01, 2020 through June 30, 2020
Premium/Discount Range Number of Trading Days % of Total Trade Days
1.00% or more 1 1.59%
0.75% to 0.999% 1 1.59%
0.50% to 0.749% 3 4.76%
0.25% to 0.499% 13 20.63%
0.00% to 0.249% 18 28.57%
-0.001% to -0.249% 10 15.87%
-0.25% to -0.499% 14 22.22%
-0.50% to -0.749% 2 3.17%
-0.75% to -0.999% 0 0.00%
-1.00% or more 1 1.59%
  63 100.00%

 

Period Covered july 01, 2020 through september 30, 2020
Premium/Discount Range Number of Trading Days % of Total Trade Days
1.00% or more 0 0.00%
0.75% to 0.999% 0 0.00%
0.50% to 0.749% 0 0.00%
0.25% to 0.499% 1 1.56%
0.00% to 0.249% 16 25.00%
-0.001% to -0.249% 40 62.50%
-0.25% to -0.499% 5 7.81%
-0.50% to -0.749% 2 3.13%
-0.75% to -0.999% 0 0.00%
-1.00% or more 0 0.00%
  64 100.00%

 

Shares of the Fund trade based on market prices rather than the Fund's net asset value per share ("NAV"). Consequently, shares of the Fund may trade at a price greater than (premium) or less than (discount) the Fund's NAV. The above chart presents information for the period indicated about how often the most recent market closing price for shares of the Fund reflected a premium or discount to the Fund's NAV for each trading day and the amount of each such premium or discount, expressed as a percentage of that day's NAV.

Shareholders may pay more than NAV when they buy Fund shares and receive less than NAV when they sell those shares, because shares are bought and sold at current market prices. The data presented represents past performance and cannot be used to predict future results.