OCIO vs. HFND ETF Comparison

Comparison of ClearShares OCIO ETF (OCIO) to Unlimited HFND Multi-Strategy Return Tracker ETF (HFND)

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

$34.46

Average Daily Volume

796

Number of Holdings ^*

15

* may have additional holdings in another (foreign) market

HFND

Unlimited HFND Multi-Strategy Return Tracker ETF

HFND Description

The fund"s portfolio will generally consist of long and short positions in 30 to 50 Underlying ETFs and futures contracts. In addition, the fund may invest in swap agreements. It will not invest in hedge funds. To achieve an appropriate risk/return profile for the fund"s portfolio, the fund will also "short" the securities of Underlying ETFs. It is non-diversified.

Grade (RS Rating)

Last Trade

$22.79

Average Daily Volume

7,183

Number of Holdings ^*

9

* may have additional holdings in another (foreign) market

Performance

Period	OCIO	HFND
30 Days	1.79%	1.65%
60 Days	1.47%	2.50%
90 Days	2.49%	3.86%
12 Months	16.20%	11.61%

0 Overlapping Holdings

	Symbol	Grade	Weight in OCIO	Weight in HFND	Overlap

OCIO Overweight 15 Positions Relative to HFND

	Symbol	Grade	Weight
	QQQ	B	5.89%
	SPMO	B	5.25%
	BIL	A	4.4%
	IEI	D	4.38%
	OPER	A	4.05%
	HEFA	C	3.14%
	SCHK	A	3.11%
	GVI	C	3.08%
	SCHF	D	3.03%
	SHY	D	2.59%
	VGIT	D	1.31%
	IXUS	D	0.95%
	EYLD	D	0.89%
	EMXC	D	0.72%
	CGV	C	0.48%

OCIO Underweight 9 Positions Relative to HFND

	Symbol	Grade	Weight
	BKLN	A	-5.13%
	ICVT	A	-4.02%
	VFMO	A	-3.58%
	CMBS	C	-3.43%
	IGHG	B	-2.71%
	VTWO	B	-1.62%
	PFF	C	-0.38%
	VMBS	C	--0.42%
	XLRE	C	--1.1%

OCIO: Top Represented Industries & Keywords

Industries:

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

HFND: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Bond Bloomberg Barclays Us Aggregate Bond Index Exchange Traded Funds Mortgage Backed Security Stock Market Index Structured Finance Active Management Barclays Bond Market Index Bond Market Indices Commercial Mortgage Commercial Mortgage Backed Security Commercial Mortgage Securities Association Convertibles Corporate Bond Equity Derivative Index Fund Invesco Powershares