OPER ETF — ClearShares Ultra-Short Maturity ETF

ClearShares Ultra-Short Maturity ETF (OPER)

Updated October 16, 2026.

OPER is a low-cost ETF. its distribution rate is 4.19%, its trailing-12-month yield is 3.77%, its expense ratio is 0.20%. Dividend Vision Distribution Safety Score™ is 76/100 (Generally safe). Total return is 26.0% over the past 8.3 years, 186.2 points behind SPY at 212.2%.

ClearShares Ultra-Short Maturity ETF is an actively managed fund that invests primarily in repurchase agreements collateralized by U.S. government securities, offering exposure to short-term fixed income instruments. The fund distributes income monthly and carries an expense ratio of 0.20%; it does not maintain a stable net asset value per share like a traditional money market fund. This ETF appeals to income-focused investors seeking regular distributions from a portfolio of highly liquid, government-backed securities.

OPER performance versus SPY

Price and return data through 2026-10-16.

Total return is 26.0% over the past 8.3 years, 186.2 points behind SPY at 212.2%. Over the past year its total return — price change plus distributions reinvested — is 3.9%. Its deepest 1-year drawdown was 0.1%.

OPER key facts

Distribution Safety Score™

76 · Generally safe

Safety-Adjusted Yield

3.18%

Issuer

ClearShares

Asset type

ETF

Asset class

Equity

Inception date

07/10/2018

Expense ratio

0.20%

Distribution rate

4.19%

Distribution frequency

Monthly

Trailing yield

3.77%

Last close

$100.22 (as of 2026-10-16)

AUM

$117,597,609

Average volume

1989.0

Dividend

$0.35

Ex-dividend date

09/29/2026

Payment date

09/30/2026

Beta

-0.0005

How Dividend Vision calculates yield and returns

Distribution rate (4.19%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (3.77%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: ClearShares; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

OPER risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 0.1%.

Who may consider OPER — and who may not

OPER may suit someone looking for low-cost broad dividend exposure, moderate current income with a quality tilt. It is a weaker fit for investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on OPER

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Frequently asked questions

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