OCIO vs. ADFI ETF Comparison

Comparison of ClearShares OCIO ETF (OCIO) to Anfield Dynamic Fixed Income ETF (ADFI)

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

$30.62

Average Daily Volume

890

Number of Holdings ^*

13

* may have additional holdings in another (foreign) market

ADFI

Anfield Dynamic Fixed Income ETF

ADFI Description

The investment seeks to provide total return with capital preservation as a secondary objective. The fund is an actively managed ETF that is a fund of funds, meaning that it primarily invests its assets in securities of other ETFs. It normally invests at least 80% of its net assets, including any borrowings for investment purposes, in other unaffiliated ETFs that invest in any facet of the global debt markets, including corporate bonds, U.S. government and agency securities, private debt, foreign sovereign bonds, convertible securities, bank loans, asset-backed securities, mortgage-backed securities, and cash equivalent instruments.

Grade (RS Rating)

Last Trade

$8.37

Average Daily Volume

22,441

Number of Holdings ^*

6

* may have additional holdings in another (foreign) market

Performance

Period	OCIO	ADFI
30 Days	-4.40%	-1.54%
60 Days	-1.86%	-1.65%
90 Days	-0.45%	-1.31%
12 Months	7.09%	1.12%

0 Overlapping Holdings

	Symbol	Grade	Weight in OCIO	Weight in ADFI	Overlap

OCIO Overweight 13 Positions Relative to ADFI

	Symbol	Grade	Weight
	QQQ	C	5.64%
	IEI	D	4.66%
	OPER	A	4.39%
	FLOT	A	3.44%
	SCHF	C	3.29%
	GVI	C	3.28%
	SCHK	C	2.94%
	SHY	C	2.78%
	BIL	A	2.56%
	IEF	F	1.87%
	VGIT	F	1.4%
	IXUS	C	1.02%
	SCHP	D	0.82%

OCIO Underweight 6 Positions Relative to ADFI

	Symbol	Grade	Weight
	GOVT	F	-22.61%
	PHB	C	-19.99%
	MBB	D	-17.56%
	JAAA	A	-11.4%
	ICVT	C	-3.32%
	FTSL	A	-0.1%

OCIO: Top Represented Industries & Keywords

Industries:

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

ADFI: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Bond Index Fund Mortgage Backed Security Structured Finance Asset Backed Security Bank Loans Barclays Bloomberg Barclays Us Aggregate Bond Index Bond Market Index Collateralized Debt Obligation Collateralized Loan Obligation Convertibles Corporate Bond Debt Securities Equity Derivative Fannie Mae Federal Home Loan Mortgage Corporation Federal National Mortgage Association