OCIO vs. FOVL ETF Comparison

Comparison of ClearShares OCIO ETF (OCIO) to iShares Focused Value Factor ETF (FOVL)

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

$33.98

Average Daily Volume

2,720

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FOVL

iShares Focused Value Factor ETF

FOVL Description

The investment seeks to track the to track the investment results of the Focused Value Select Index, which is an objective, rules-based, equal-weighted equity index provided by FTSE Russell. The underlying index measures the performance of large- and mid-capitalization U.S. companies with prominent value factor characteristics, as determined by Russell. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. It is non-diversified.

Grade (RS Rating)

Last Trade

$68.28

Average Daily Volume

1,851

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	OCIO	FOVL
30 Days	2.79%	4.36%
60 Days	8.07%	13.72%
90 Days	2.01%	15.49%
12 Months	19.14%	42.32%

0 Overlapping Holdings

	Symbol	Grade	Weight in OCIO	Weight in FOVL	Overlap

OCIO Overweight 15 Positions Relative to FOVL

Symbol	Grade	Weight
QQQ	B	5.7%
SPMO	A	5.04%
IEI	C	4.55%
OPER	A	4.08%
SCHF	C	3.23%
GVI	B	3.18%
HEFA	A	3.18%
SCHK	A	2.98%
SHY	B	2.64%
IEF	D	1.85%
VGIT	C	1.37%
IXUS	A	1.01%
EYLD	C	0.94%
EMXC	C	0.78%
CGV	C	0.5%

OCIO Underweight 39 Positions Relative to FOVL

Symbol	Grade	Weight
FYBR	C	-3.93%
TOL	C	-3.89%
PNFP	B	-3.48%
IBKR	A	-3.37%
SF	A	-3.2%
AXS	A	-3.05%
JPM	C	-2.98%
SNV	D	-2.96%
ORI	A	-2.91%
LPX	C	-2.91%
BLDR	C	-2.86%
JHG	A	-2.86%
T	B	-2.81%
COF	A	-2.78%
FHB	D	-2.66%
Z	C	-2.66%
CNA	D	-2.62%
CUZ	C	-2.62%
KMI	A	-2.61%
WLK	C	-2.57%
WTM	C	-2.54%
FNB	D	-2.51%
WBS	D	-2.5%
HPE	B	-2.48%
STT	A	-2.46%
DFS	A	-2.44%
AMG	B	-2.39%
PFG	A	-2.32%
PNW	C	-2.23%
AN	D	-2.21%
LYB	B	-2.17%
THO	C	-2.16%
SNDR	D	-2.01%
AGR	C	-1.95%
NUE	D	-1.88%
UNM	A	-1.75%
ALK	C	-1.71%
CLF	D	-1.55%
LLYVK	B	-0.79%

OCIO: Top Represented Industries & Keywords

Industries: