OCIO vs. GAA ETF Comparison

Comparison of ClearShares OCIO ETF (OCIO) to Cambria Global Asset Allocation ETF (GAA)

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

$31.08

Average Daily Volume

1,018

Number of Holdings ^*

14

* may have additional holdings in another (foreign) market

GAA

Cambria Global Asset Allocation ETF

GAA Description

The investment seeks to track the performance, before fees and expenses, of the Cambria Global Asset Allocation Index. Under normal market conditions, the fund invests at least 80% of its total assets in the components of the underlying index or in depositary receipts representing components of the underlying index. The underlying index is designed to provide diversified exposure, including inverse exposure, to all of the major world asset classes in the various regions, countries and sectors around the globe.

Grade (RS Rating)

Last Trade

$28.52

Average Daily Volume

7,130

Number of Holdings ^*

19

* may have additional holdings in another (foreign) market

Performance

Period	OCIO	GAA
30 Days	-2.83%	0.31%
60 Days	-1.39%	3.19%
90 Days	0.32%	4.12%
12 Months	8.54%	10.18%

2 Overlapping Holdings

	Symbol	Grade	Weight in OCIO	Weight in GAA	Overlap
	SCHP	D	0.83%	2.65%	0.83%
	VGIT	F	1.42%	1.91%	1.42%

OCIO Overweight 12 Positions Relative to GAA

	Symbol	Grade	Weight
	QQQ	D	5.57%
	IEI	D	4.75%
	SPMO	D	4.75%
	OPER	A	4.48%
	FLOT	A	3.52%
	GVI	C	3.34%
	SCHF	C	3.25%
	SCHK	C	2.91%
	SHY	B	2.83%
	BIL	A	2.62%
	IEF	F	1.9%
	IXUS	C	1.01%

OCIO Underweight 17 Positions Relative to GAA

	Symbol	Grade	Weight
	EYLD	A	-10.0%
	SYLD	B	-6.66%
	PDBC	A	-6.28%
	GVAL	A	-5.91%
	FYLD	A	-4.81%
	QMOM	C	-4.61%
	VAMO	A	-4.43%
	HYEM	B	-3.94%
	BAR	B	-3.84%
	JPMB	C	-2.97%
	VCIT	C	-2.92%
	WIP	D	-2.4%
	IMOM	D	-2.02%
	IHY	B	-1.97%
	VGLT	D	-1.83%
	GDX	B	-1.01%
	BOXX	A	-0.98%

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 Index Fund Stock Market Index Bond Market Indices Exchange Traded Funds Government Bonds Fixed Income Merrill Lynch Yield Bear Market ETF Betashares Bond Fund Corporate Bond Debt

GAA: Top Represented Industries & Keywords

Industries:

Keywords: Exchange Traded Fund ETF Bond Bond Market Indices Index Fund Merrill Lynch Bloomberg Barclays Us Aggregate Bond Index Fixed Income Inflation Shareholder Yield Stock Fund U.S. Treasury Corporate Bond Debt Securities Dividend Government Bond High Yield Debt Investment Management Stock Market Index U.S. Government