Understanding the CLEARSHARES OCIO ETF (OCIO)

What this ETF is trying to do

An ETF, or Exchange-Traded Fund, is like a basket of different investments. The CLEARSHARES OCIO ETF (ticker: OCIO) is an asset type designed to provide investors with specific returns and income.

What the numbers show

As of July 10, 2026, the current price of one share is $37.58. Looking at how it has performed over time, the ETF has seen growth. The one-year total return is 16.98%, and the three-year total return is 45.88%. This means that when you include both price changes and payouts, the fund has grown significantly over several years.

To see how price changes affect money, let's look at an example. If you had invested $10,000 exactly one year ago when the estimated price was about $35.50, your investment would have grown in value based on the price return of 5.84% before any extra payouts were added.

Income and distribution explanation

Some investors look for "yield," which is the money an ETF pays out to people who own it. This ETF has a distribution yield of 9.71%. Over the last 12 months, it made four distributions (payouts), which usually happen every three months. The total amount paid out per share over the last year was $3.65.

It is important to remember that a high yield alone can be misleading. A high percentage might look good, but you must also look at whether the actual price of the ETF is staying steady or falling.

NAV erosion explanation

"NAV erosion" happens when an ETF's share price drops significantly because it is paying out more money than it is actually earning. If a share price falls from a high number to a much lower number, it can destroy your "principal." Principal is the original amount of money you put in. If the price collapses, you might lose more money in value than you gained from the payouts.

However, for this specific ETF, no price erosion was detected. The data shows a "good" erosion score, meaning the price has not been steadily falling due to payouts.

Pros

• The ETF has shown strong total returns over one, three, and many years.

• It provides a high distribution yield of 9.71%.

• There is no sign of severe price erosion.

Cons

• The price return (how much the share price itself grows) is lower than the total return, meaning much of the profit comes from the payouts.

Beginner takeaway

Income investors usually prefer ETFs that go sideways (stay at the same price) or move slightly up. They prefer this over ETFs that collapse in price. This is because they want to collect the income without losing their original investment. When looking at an ETF, always check if the high yield is coming at the expense of a falling share price.