ClearShares

What ClearShares does

ClearShares LLC is an independently owned, Florida-based investment advisor founded in 2017 that operates as an ETF issuer managing three actively managed funds listed on NYSE Arca: the OCIO ETF (a multi-asset 60/40-style portfolio with a covered call overlay, sub-advised by Blueprint Investment Partners), the OPER ETF (an ultra-short maturity strategy accessing institutional repo markets via tri-party agreements cleared by BNY Mellon, sub-advised by Piton Investment Management), and the PIFI ETF (an intermediate-duration, investment-grade fixed income fund also sub-advised by Piton). The firm's platform integrates OCIO-style investment management with the cost, transparency, and liquidity advantages of the ETF wrapper, targeting both retail and institutional investors — including endowments, foundations, and pension funds — through standard brokerage accounts. Distribution is handled exclusively by Quasar Distributors, LLC.

Name

ClearShares

Legal name

ClearShares LLC

Website

https://clear-shares.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

1–10 employees

Short description

ClearShares LLC is an independently owned investment advisor that operates three actively managed ETFs on NYSE Arca — OCIO, OPER, and PIFI — offering retail and institutional investors ETF-wrapped outsourced CIO, ultra-short repo-based, and intermediate fixed income strategies.

Ownership category

akta.pro rank

Product category

Exchange-Traded Funds (ETF) Investment Management

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Multi-Asset & Allocation ETFs (Balanced, Target Risk) (FSAAAFAF)

akta.pro secondary industry

Fixed Income ETFs (Government, Corporate, Munis, TIPS) (FSAAAFAD)

Keywords

• Exchange-traded funds
• Investment management
• Fixed income ETFs
• OCIO solutions
• Asset management

Headquarters

HQ city

Marco Island

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Management Fees - OCIO ETF: OCIO ETF charges a management fee of 0.55% plus Acquired Fund Fee & Expenses of 0.11%, resulting in a Net Expense Ratio of 0.65%. The fund invests primarily in passive, index-based ETFs while utilizing actively managed ETFs or individual securities when advantageous.
2. Management Fees - OPER ETF: OPER ETF charges a management fee of 0.20% for ultra-short maturity fixed income strategy through repurchase agreements.
3. Management Fees - PIFI ETF: PIFI ETF charges a management fee of 0.45% for intermediate fixed income strategy investing in investment-grade corporate bonds, US government agency bonds and US Treasury notes.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

ClearShares LLC is an independently owned investment advisor that issues and manages three actively managed exchange-traded funds (ETFs) listed on NYSE Arca: the OCIO ETF (multi-asset 60/40 portfolio with covered call overlay), the OPER ETF (ultra-short maturity repo-based strategy), and the PIFI ETF (intermediate-duration investment-grade fixed income). The funds are sub-advised by specialist firms (Blueprint Investment Partners and Piton Investment Management) and distributed through Quasar Distributors to retail and institutional investors.

Product overview

ClearShares is an independently owned and operated investment advisory firm that offers a platform of three distinct actively managed ETFs: OCIO ETF (Outsourced Chief Investment Officer), OPER ETF (Ultra-Short Maturity), and PIFI ETF (Piton Intermediate Fixed Income). The OCIO ETF provides diversified multi-asset exposure with covered call strategy; OPER ETF focuses on short-term income through repo agreements; and PIFI ETF targets intermediate fixed income through a mix of government and corporate bonds. Each fund is sub-advised by specialized investment managers and trades on NYSE Arca.

Differentiator

Problem solved

Functional benefit

Products and services

• OCIO ETF (Outsourced Chief Investment Officer ETF) An actively managed ETF that seeks to outperform a traditional 60/40 mix of global equity and fixed-income investments. The fund primarily holds passive index-based ETFs, utilizes actively managed ETFs or individual securities when advantageous, and overlays a covered call strategy writing monthly calls on approximately 1-10% of total assets. Sub-advised by Blueprint Investment Partners. Available to retail and institutional investors through standard brokerage accounts on NYSE Arca.
• OPER ETF (Ultra-Short Maturity ETF) An actively managed ETF seeking current income by investing in repurchase (repo) agreements collateralized by U.S. Government Securities. The fund utilizes tri-party repo transactions through BNY Mellon for clearing, trade settlement, collateral pricing, and collateral substitution, with minimum 2% excess collateral pledged against each lending agreement. Daily liquid with monthly distributions. Sub-advised by Piton Investment Management. Available on NYSE Arca through standard brokerage accounts.
• PIFI ETF (Piton Intermediate Fixed Income ETF) An actively managed ETF of taxable intermediate-duration bonds investing primarily in investment-grade corporate bonds, U.S. government agency bonds, and U.S. Treasury notes, with a 0-10 year tenor and managed duration risk of 3-5 years. Focuses on long-term preservation of principal, liquidity, and consistency of returns. Sub-advised by Piton Investment Management. Available on NYSE Arca through standard brokerage accounts.

Quantifiable outcome

• OCIO ETF 1-Year Return: 18.51% (vs 3.83% benchmark)
• +3 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core.

• Piton Investment ManagementcoreStrategic or Co-development Partner · 4 October 2021Piton Investment Management serves as Sub-Advisor to OPER ETF and PIFI ETF. Founded in 2015, Piton is an independent SEC-registered investment advisor based in New York City providing specialized fixed income investment advisory services. The investment team has previously managed large investment portfolios for Annaly Capital, HSBC, and Credit Suisse Asset Management.
• Blueprint Investment PartnerscoreStrategic or Co-development Partner · 1 October 2021Blueprint Investment Partners serves as Sub-Advisor to OCIO ETF. The investment team has multi-market cycle, multi-asset class experience including track record in alternative investments. Portfolio managers Jon Robinson and Brandon Langley bring experience from Blueprint Investment Partners, Robinson-Langley Capital Management, Prudential Equity Group, and Bear Stearns.
• BNY MelloncoreTechnology or IntegrationBNY Mellon serves as the third-party custodian and fiduciary for tri-party repo market participants. OPER ETF utilizes BNY Mellon for clearing and trade settlement services, collateral pricing, and facilitating collateral substitution. BNY Mellon is one of the largest financial institutions in the world.
• Quasar Distributors, LLCcoreChannel Partner/ Reseller/ DistributorQuasar Distributors, LLC distributes all ClearShares ETFs (OCIO, OPER, PIFI). As a registered broker-dealer, Quasar handles the distribution and sale of ETF shares to the secondary market through brokerage accounts.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Eaton Vance: Active asset manager (now part of Morgan Stanley IM) with multiple actively managed ETFs spanning multi-asset and fixed income. Comparable to ClearShares in active-management orientation and OCIO/managed-account solutions, though at institutional scale.
• BlackRock iShares: Largest ETF issuer globally with broad fixed income and balanced allocation suites (e.g., AOM, AOR, AGG, BND). The structural scale competitor that defines the cost and distribution benchmark against which ClearShares' premium-pricing ETF platform must compete.
• State Street SPDR: Major ETF issuer offering competing fixed income (BIL, SHY, AGG-style) and multi-asset allocation products. Comparable to ClearShares as a NYSE Arca-listed ETF sponsor with broad institutional distribution.
• PIMCO: Major active fixed income manager with a growing ETF lineup (MINT, BOND, TUHY, etc.). Overlaps with ClearShares in the active bond ETF space but operates at vastly greater scale with in-house portfolio management rather than a sub-advisor model.
• Invesco (QQQ family and active ETFs): Large ETF issuer with both flagship index ETFs (QQQ) and actively managed fixed income and balanced allocation ETFs. Direct overlap with ClearShares in fixed income and balanced allocation categories.

Direct peers

• First Trust: Independent ETF sponsor known for actively managed and rules-based strategies across fixed income, multi-asset, and income categories. Closely comparable in using specialized sub-advisors and in emphasizing income-oriented ETFs (e.g., covered call, senior loan) akin to ClearShares' OCIO strategy.
• WisdomTree Investments: Independent ETF issuer with actively managed and quantitative multi-asset, fixed income, and alternatives products listed across NYSE Arca and Nasdaq. Comparable to ClearShares in active ETF focus and product breadth, though at substantially larger AUM scale.
• AdvisorShares: Active ETF platform sponsoring niche, advisor-driven ETFs including multi-asset and alternatives strategies. Closely comparable to ClearShares in business model: independent sponsor using sub-advisors, NYSE Arca listings, similar AUM scale, and active/thematic focus.
• DoubleLine: Active fixed-income specialist offering ETFs (e.g., DLN, TOTL) that compete directly with PIFI and OPER. Comparable to ClearShares in emphasizing active fixed income management and intermediating institutional credit strategies for a broader investor base.

Emerging players

• Alpha Architect: Boutique issuer of actively managed and quantitative ETFs (e.g., QMOM, USFR). Comparable to ClearShares in being an independent, smaller-scale ETF sponsor focused on differentiated active strategies rather than broad beta.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/watch?v=OiuI1KQK7L4
• Xx.com/clearshares
• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/clearshares

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ClearShares