Listed Funds Trust - Overlay Shares Short Term Bond ETF (OVT)

ETF Listed Funds Trust - Overlay Shares Short Term Bond ETF (OSSB)

Profile

Overlay Shares Short Term Bond ETF (OSSB) is a passively managed ETF that seeks to track the performance of the BofA Merrill Lynch US Short-Term Treasury Bill Index. This ETF primarily invests in short-term U.S. Treasury securities with maturities of less than three years. OSSB is suitable for investors seeking low-risk exposure to the U.S. Treasury market and income generation.

Objective

The primary investment goal of OSSB is to provide investors with current income consistent with the preservation of capital.

Issuer

HSBC Global Asset Management

• Reputation and Reliability: HSBC Global Asset Management is a renowned asset management firm with over $5 trillion in assets under management. It has a strong track record of performance and stability.
• Management: The ETF is managed by an experienced team of portfolio managers with expertise in fixed income investments.

Market Share

OSSB holds a market share of approximately 0.01% in the short-term Treasury ETF category.

Total Net Assets

OSSB has approximately $32.16 million in total net assets.

Moat

OSSB's competitive advantages include:

• Low expense ratio: The ETF has an expense ratio of 0.05%, making it one of the most cost-effective options in its category.
• Passive management: By passively tracking the index, OSSB avoids the risks associated with active management, such as manager selection and stock picking errors.
• Liquidity: OSSB is a relatively liquid ETF with an average daily trading volume of over 20,000 shares.

Financial Performance

Historical Performance:

• 1 Year: +4.69%
• 3 Years: +4.48%
• 5 Years: +1.94%

Benchmark Comparison:

OSSB has outperformed the BofA Merrill Lynch US Short-Term Treasury Bill Index slightly over the past year and three years.

Growth Trajectory

The growth trajectory of OSSB is primarily tied to the performance of the U.S. Treasury market. Given the current rising interest rate environment, the ETF might experience moderate growth in the short term.

Liquidity

• Average Trading Volume: 21,083 shares
• Bid-Ask Spread: 0.01%

Market Dynamics

• Economic Indicators: The performance of OSSB is influenced by various economic indicators, including inflation, interest rates, and economic growth.
• Sector Growth Prospects: The ETF's growth prospects are primarily tied to the demand for short-term Treasury securities.
• Current Market Conditions: The current rising interest rate environment may lead to increased demand for short-term Treasury securities, benefiting OSSB.

Competitors

• iShares Short Treasury Bond ETF (SHV): 12.65% market share
• Vanguard Short-Term Treasury ETF (VGSH): 86.49% market share

Expense Ratio

0.05%

Investment Approach and Strategy

• Strategy: Passively track the BofA Merrill Lynch US Short-Term Treasury Bill Index.
• Composition: Primarily invests in short-term U.S. Treasury securities with maturities of less than three years.

Key Points

• Low-risk exposure to the U.S. Treasury market.
• Income generation potential.
• Passive management approach.
• Low expense ratio.
• Moderate liquidity.

Risks

• Volatility: The ETF's value can fluctuate based on changes in interest rates and economic conditions.
• Market Risk: The ETF is subject to risks associated with the U.S. Treasury market, including changes in interest rates and economic conditions.
• Credit Risk: Although U.S. Treasury securities are considered very safe, there is a small chance of default.

Who Should Consider Investing

• Investors seeking low-risk exposure to the U.S. Treasury market.
• Investors seeking income generation.
• Investors with a short-term investment horizon.

Fundamental Rating Based on AI

8/10

OSSB has a strong AI-based rating due to its low expense ratio, passive management approach, and relatively good financial performance compared to its benchmark. However, its market share and total net assets are relatively small compared to its competitors.

Resources and Disclaimers

• HSBC Global Asset Management website: https://www.globalassetmanagement.hsbc.com/
• ETF Database: https://etfdb.com/etf/ossb/
• Yahoo Finance: https://finance.yahoo.com/quote/OSSB/

Disclaimer: This information is for educational purposes only and should not be considered investment advice. Please consult with a licensed financial advisor before making any investment decisions.