OVHEX — Overlay Shares Hedged Equity Fund

OVHEX Fund Overview

OVHEX — Overlay Shares Hedged Equity Fund is a US mutual fund managed by Listed Funds Trust, categorised as Europe Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Listed Funds Trust
• Category: Europe Blend / Core Equity
• Ticker: OVHEX
• SEC CIK: 0001683471
• SEC series ID: S000104538
• Share class ID: C000275155

OVHEX Investment Objective and Strategy

Overlay Shares Hedged Equity Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Listed Funds Trust.

Investment objective

The Overlay Shares Hedged Equity Fund (the “Hedged Equity Fund” or the “Fund”) seeks capital appreciation.

Principal investment strategy

The Fund seeks to achieve its objective by (i) investing in one or more other exchange-traded funds (“ETFs”) that seek to obtain exposure to the performance of U.S. large-cap equity securities or directly in the securities held by such ETFs, and (ii) purchasing long-term out-of-the-money put options ( i.e. , put options with a strike price below the current price of the reference asset) to seek to hedge against significant declines in U.S. large-cap equities. Under normal circumstances, at least 80% of the Fund’s net assets, plus borrowings for investment purposes, will be invested, directly or indirectly through ETFs, in equity securities. For purposes of this policy, the Fund defines “equity securities” to mean common and preferred stocks, rights, warrants, depositary receipts, equity interests in real estate investment trusts (“REITs”), and master limited partnerships (“MLPs”).

In order to mitigate the risks of significant declines in U.S. large-cap equities, the Fund will purchase a series of long-term out-of-the-money put options on the reference asset (typically an index of large-cap securities) with expiration terms ranging from 6 to 18 months. The Fund will typically purchase large put options with a notional value (strike price times the value of the shares) generally approximating the Fund’s net asset value. The Fund focuses primarily on equity index options which offer both European settlement ( i.e. , options can only be exercised at their expiration date) and cash settlement ( i.e. , options carry an obligation by their seller to pay the difference between their strike price and their settlement value instead of allowing the seller to take delivery of securities).

The Fund’s purchase of put options may result in the generation of positive returns for the Fund; however, the loss potential if the strategy is not effective may be greater than the profit potential. The Fund may lose significantly more than the premiums it receives in highly volatile market

OVHEX Costs and Fees

OVHEX costs about $249 per $10,000 invested per year in fund expenses.

• Net expense ratio: 2.49%

OVHEX Debt Constituents

No individual debt constituents are reported in Overlay Shares Hedged Equity Fund's latest SEC N-PORT filing.

OVHEX Prospectus and SEC Filings

Official Overlay Shares Hedged Equity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2026-07-08

Related Funds

Other Europe Blend / Core Equity funds tracked on ABC INVEST:

• iShares MSCI United Kingdom ETF (EWU)
• WisdomTree Europe Hedged Equity Fund (HEDJ)
• iShares MSCI Switzerland ETF (EWL)
• iShares MSCI Spain ETF (EWP)
• iShares MSCI Germany ETF (EWG)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.