ClearShares Ultra-Short Maturity ETF

Frequently Asked Questions About OPER

What does OPER invest in?

The ClearShares OPER ETF (the Fund) is an actively managed portfolio seeking current income by investing in repurchase “repo” agreements, collateralized by U.S. Government Securities and other fixed income instruments.

What is the expense ratio of OPER?

ClearShares Ultra-Short Maturity ETF (OPER) charges an expense ratio of 0.20%. This is the annual fee deducted from fund assets to cover management and operations.

What is OPER's dividend yield?

OPER's trailing-twelve-month yield is 4.02%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of OPER?

Effective duration measures OPER's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. OPER's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of OPER?

OPER's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of OPER?

Yield to maturity (YTM) is the total return you'd earn from OPER if every bond in the portfolio is held to maturity at the current price. OPER's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.