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Morningstar

ClearShares Ultra-Short Maturity ETF OPER

Morningstar Medalist Rating
Medalist Rating as of | See ClearShares Investment Hub

Morningstar’s Analysis OPER

Will OPER outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable OPER’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the OPER management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of OPER’s parent organization’s priorities and whether they’re in line with investors’ interests.

The combination of a middling Process Pillar rating and a Below Average People Pillar rating limit ClearShares Ultra-Short Maturity ETF to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the cheapest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings OPER

More OPER Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 0
  • Other Holdings 8
  • % Assets in Top 10 Holdings —
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

OPER REPO 12/7/23 5.50%

25.39
60,000,000
Cash and Equivalents

OPER REPO 11/30/23 5.50%

21.16
50,000,000
Cash and Equivalents

OPER REPO 11/30/23 5.36%

16.93
40,000,000
Cash and Equivalents

OPER REPO 11/27/23 5.37%

15.17
35,850,000
Cash and Equivalents

OPER REPO 11/30/23 5.40%

12.70
30,000,000
Cash and Equivalents

OPER REPO 12/01/23 5.37%

8.46
20,000,000
Cash and Equivalents

DEPOSITS WITH BROKER FOR SHORT POSITIONS

0.17
399,056
Cash and Equivalents

First American Government Obligs X

0.02
47,317
Cash and Equivalents