Fund Description
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. A repurchase agreement is an agreement under which the Fund acquires a financial instrument (e.g., a security issued by the U.S. government or an agency thereof) from a seller. At the time of purchase, the seller (usually a commercial bank, broker, or dealer) agrees to repurchase the underlying security at a mutually agreed-upon price on a designated future date (normally, the next business day). The securities acquired by the Fund pursuant to repurchase agreement transactions will generally have a total value (including accrued interest earned thereon) in excess of the repurchase agreement s value and will be held by the Fund s custodian until the securities are repurchased. As a result, repurchase agreements may be considered a loan collateralized by securities. The Fund may also invest directly in U.S. government securities, such as U.S. Treasuries and U.S. agency securities, which may include mortgage-backed securities ( MBS ) issued or guaranteed by the U.S. government, federal agencies, or U.S. government sponsored instrumentalities, such as the Government National Mortgage Administration ( Ginnie Mae ), the Federal Housing Administration ( FHA ), the Federal National Mortgage Association ( Fannie Mae ) and the Federal Home Loan Mortgage Corporation ( Freddie Mac ).
Fund Profile
Fund Name ClearShares Ultra-Short Maturity ETF
Fund Exchange Ticker OPER
Fund Sponsor Exchange Traded Concepts
Fund ISIN US26922A4537
Net Expense Ratio 0.20 %
Fund Inception Date 11 July 2018
Fund Legal Structure ETF (Open end fund)
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Bonds - Broad Market
Asset Class Other Asset Types
Index Linked Active
Index Name Not Applicable
Index Provider Not Applicable
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Key Statistics
Return As of Date 21 January 2021
Asset Under Management 125.13 Million (USD)
1 Month Total Return -0.02 %
Year To Date Return 0.01 %
1 Year Total Return 0.49 %
3 Year Annualized Total Return
NAV 100.1
Share Outstanding 1,250,000
Top 10 Holdings (20 January 2021)
Constituent Name Constituent Ticker Constituent Type Weighting
OPER REPO 1/28/21 0.75% BOND 0.4795000000
OPER REPO 2/4/21 0.85% BOND 0.2697000000
OPER REPO 1/28/21 0.18% BOND 0.0907000000
OPER REPO 1/26/21 0.30% BOND 0.0799000000
OPER REPO 1/22/21 0.30% BOND 0.0400000000
OPER REPO 1/22/21 0.18% BOND 0.0400000000
Cash & Other CASH 0.0002000000