ClearShares OCIO ETF

Frequently Asked Questions About OCIO

What does OCIO invest in?

The ClearShares OCIO ETF (the Fund) seeks to outperform a traditional 60/40 mix of global equity & fixed-income investments. OCIO is an actively managed portfolio. Its diversified holdings are primarily focused in passive index-based ETFs, but OCIO also utilizes actively managed ETFs or individual securities when the Fund's management believes it advantageous. Through the utilization of a Covered Call strategy, OCIO produces additional income while off-setting potential market losses. The fund expects to write (sell) covered calls on approximately 1 to 10% of its total assets using monthly call options.

What is the expense ratio of OCIO?

ClearShares OCIO ETF (OCIO) charges an expense ratio of 0.66%. This is the annual fee deducted from fund assets to cover management and operations.

What is OCIO's distribution yield?

OCIO's trailing-twelve-month yield is 9.82%, calculated from the sum of distributions over the past year divided by the current price.

How does OCIO's covered-call strategy work?

OCIO sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside — when the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.

How big is OCIO?

ClearShares OCIO ETF (OCIO) manages $167.6M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is OCIO actively managed or an index fund?

OCIO's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.