GAA vs. OCIO ETF Comparison

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

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

$29.23

Average Daily Volume

10,419

Number of Holdings ^*

19

* may have additional holdings in another (foreign) market

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

$34.21

Average Daily Volume

776

Number of Holdings ^*

15

* may have additional holdings in another (foreign) market

Performance

Period	GAA	OCIO
30 Days	0.56%	-0.22%
60 Days	-0.87%	0.95%
90 Days	1.83%	2.63%
12 Months	14.03%	15.60%

2 Overlapping Holdings

	Symbol	Grade	Weight in GAA	Weight in OCIO	Overlap
	EYLD	D	9.31%	0.87%	0.87%
	VGIT	C	1.9%	1.31%	1.31%

GAA Overweight 17 Positions Relative to OCIO

	Symbol	Grade	Weight
	PDBC	D	5.72%
	GVAL	D	5.64%
	QMOM	A	5.61%
	VAMO	B	4.66%
	FYLD	D	4.56%
	SYLD	B	4.25%
	BAR	C	4.12%
	HYEM	A	4.01%
	VCIT	C	2.94%
	JPMB	C	2.94%
	SCHP	C	2.63%
	WIP	F	2.25%
	IMOM	D	2.02%
	IHY	C	1.97%
	VGLT	D	1.82%
	GDX	C	1.08%
	BOXX	A	0.98%

GAA Underweight 13 Positions Relative to OCIO

	Symbol	Grade	Weight
	QQQ	B	-5.93%
	SPMO	B	-5.24%
	IEI	D	-4.37%
	OPER	A	-4.04%
	HEFA	C	-3.15%
	SCHK	A	-3.1%
	GVI	C	-3.08%
	SCHF	D	-3.03%
	SHY	C	-2.58%
	IEF	F	-1.75%
	IXUS	D	-0.95%
	EMXC	D	-0.71%
	CGV	D	-0.47%

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

OCIO: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Bloomberg Barclays Us Aggregate Bond Index Bond Stock Market Index U.S. Government U.S. Treasury Bond Market Exchange Traded Funds Government Bonds Betashares Bond Market Indices Index Fund MSCI EAFE Bear Market ETF Bond Fund Corporate Bond Currency Debt Dividend