CMDT vs. OCIO ETF Comparison

Comparison of PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) to ClearShares OCIO ETF (OCIO)

CMDT

PIMCO Commodity Strategy Active Exchange-Traded Fund

CMDT Description

CMDT aims for total return in excess of a diversified commodity benchmark by actively managing both commodity exposure and the funds collateral. The fund primarily gains exposure through commodity swaps and futures but may also directly invest in commodities and use other commodity-linked derivatives. The fund adviser determines target allocations using proprietary quantitative models that incorporate multi-factors such as historic performance trends and storage costs. Positions established may be long, short, or no positions in the specific commodities suggested by the models. Weighting is at the discretion of the fund adviser. The fund also holds a short-duration of investment grade fixed-income securities to serve as collateral. CMDT obtains its exposure via a Cayman Islands subsidiary, thus avoiding a K-1 form to investors. The fund has a longer investment horizon, not short-term, tactical trading. Investments and returns may be different from the advisers other funds

Grade (RS Rating)

Last Trade

$27.17

Average Daily Volume

47,726

Number of Holdings ^*

1

* may have additional holdings in another (foreign) market

OCIO

ClearShares OCIO ETF

OCIO Description

The investment seeks to outperform a traditional 60/40 mix of global equity and fixed-income investments. The fund is expected to typically invest approximately 40% to 70% of its total assets in underlying funds that principally invest in equity securities of any market capitalization. It is expected to typically invest approximately 20% to 50% of its total assets in underlying funds that principally invest in debt obligations.

Grade (RS Rating)

Last Trade

$31.68

Average Daily Volume

980

Number of Holdings ^*

15

* may have additional holdings in another (foreign) market

Performance

Period	CMDT	OCIO
30 Days	-1.72%	-0.21%
60 Days	3.97%	-0.80%
90 Days	4.57%	1.56%
12 Months		10.87%

0 Overlapping Holdings

	Symbol	Grade	Weight in CMDT	Weight in OCIO	Overlap

CMDT Overweight 1 Positions Relative to OCIO

	Symbol	Grade	Weight
	MINT	A	7.88%

CMDT Underweight 15 Positions Relative to OCIO

	Symbol	Grade	Weight
	QQQ	C	-5.47%
	IEI	C	-4.77%
	SPMO	C	-4.62%
	OPER	A	-4.5%
	FLOT	A	-3.53%
	GVI	C	-3.36%
	SCHF	A	-3.31%
	SCHK	B	-2.91%
	SHY	A	-2.84%
	BIL	A	-2.62%
	IEF	D	-1.91%
	VGIT	C	-1.43%
	IXUS	A	-1.03%
	SCHP	B	-0.84%
	EMXC	C	-0.78%

CMDT: Top Represented Industries & Keywords

Industries:

Keywords: Asset And Liability Management Bond Bond Fund Bond Market Debt Securities ETF Exchange Traded Fund Fixed Income Interest Rate PIMCO

OCIO: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund U.S. Treasury Bond Bloomberg Barclays Us Aggregate Bond Index Bond Market Stock Market Index U.S. Government Index Fund Bond Market Indices Exchange Traded Funds Government Bonds Fixed Income Merrill Lynch Yield Bear Market ETF Betashares Bond Fund Corporate Bond Debt