Overlay Shares Foreign Equity ETF

Overlay Shares Foreign Equity ETF is an actively managed exchange-traded fund designed to provide investors with diversified exposure to international equities, primarily outside the United States. The fund seeks to outperform the MSCI ACWI ex USA Index by combining investments in foreign stocks—spanning both developed and emerging markets—with a distinctive options strategy that involves selling and purchasing short-term put options. This approach aims to generate additional income through option premiums while seeking capital appreciation from the underlying equity portfolio. The fund's strategy can enhance cash flow and potentially improve total return relative to traditional non-U.S. equity investments, making it a unique tool for portfolio income generation and risk management. Overlay Shares Foreign Equity ETF is positioned as a complement to standard value and growth factors, offering liquid, transparent access to global markets while utilizing active risk controls through derivatives. Its structure enables investors to seek higher return and income potential in international equities while participating in a sophisticated overlay of option strategies.