OCIO vs. PIFI ETF Comparison

Comparison of ClearShares OCIO ETF (OCIO) to ClearShares Piton Intermediate Fixed income ETF (PIFI)

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

$31.07

Average Daily Volume

1,005

Number of Holdings ^*

14

* may have additional holdings in another (foreign) market

PIFI

ClearShares Piton Intermediate Fixed income ETF

PIFI Description

The investment seeks current income consistent with the long term preservation of capital. The fund is an actively managed exchange-traded fund (ETF) that seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its net assets (plus borrowings for investment purposes) in debt securities and in derivatives and other instruments that have economic characteristics similar to such securities. It principally invests in U.S.-dollar denominated, investment-grade securities and seeks to typically maintain a dollar-weighted average portfolio maturity of zero to ten years. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$90.71

Average Daily Volume

953

Number of Holdings ^*

1

* may have additional holdings in another (foreign) market

Performance

Period	OCIO	PIFI
30 Days	-3.03%	-1.05%
60 Days	-1.42%	-0.35%
90 Days	0.62%	-0.59%
12 Months	8.49%	-0.01%

1 Overlapping Holdings

	Symbol	Grade	Weight in OCIO	Weight in PIFI	Overlap
	OPER	A	4.48%	3.1%	3.1%

OCIO Overweight 13 Positions Relative to PIFI

	Symbol	Grade	Weight
	QQQ	D	5.57%
	IEI	D	4.75%
	SPMO	D	4.75%
	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%
	VGIT	D	1.42%
	IXUS	C	1.01%
	SCHP	D	0.83%

OCIO Underweight 0 Positions Relative to PIFI

	Symbol	Grade	Weight

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

PIFI: Top Represented Industries & Keywords

Industries:

Keywords: Bear Market ETF Betashares ETF Exchange Traded Fund Exchange Traded Funds Inverse ETF Leveraged ETF Money Market Fund Repurchase Agreement U.S. Government Ultra ETF