Framework Journal · one stock, one dated entry

Recorded 2026-06-14 · Permanent

ClearShares Ultra-Short Maturity ETF OPER

An entry written while the outcome is still unknown. It will be scored by what the market does next, and it will never be edited to look cleverer than it was.

In plain words · The fund is an actively-managed exchange-traded fund ("ETF") that seeks to achieve its investment objective primarily by investing in repurchase agreements collateralized by U.S.

The label
Markup

read at $100.16

ClearShares Ultra-Short Maturity ETF holds its Markup at $100.16.

PHINPOOPSC
  • PHPhase · the trend structure carries the Markup label
  • INInsiders · no filings inside 60 days, left as found
  • POPositioning · no disclosures inside 60 days, left as found
  • OPOptions · no verdict drawn today, left as found
  • SCScreen · does not pass the values gate
  • edge confirmed
  • edge broken
  • edge forming

Each arm is one independent read. Conviction is not a single call, it is how many edges converge.

The investor read · the season, not the day

As held on the ledger · 2026-06-14
PhaseMarkup
Quantitative stateThe statistical read favours the buyers, held for 499 days
Price$100.16
ValuationN/A trailing · N/A forward price to earnings
Values screenFAIL · score 30.0
BetaN/A

The trader read · the latest dated commentary

The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it A, carrying a low risk profile. Technically it is holding around 1% above its long-term trend line with momentum reading overbought. Over the past year the shares are up 4%. Our forward projection puts the odds of a 10% gain over the next month near 0%. Entered 2026-07-18 · Markup

The dated journal · newest first, never edited

2026-07-18 Markup $100.16 +0.0% Entry 3

The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it A, carrying a low risk profile. Technically it is holding around 1% above its long-term trend line with momentum reading overbought. Over the past year the shares are up 4%. Our forward projection puts the odds of a 10% gain over the next month near 0%.

2026-07-03 Markup $100.16 +0.0% Entry 2

The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns.

2026-07-02 Markup $100.16 Entry 1

The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns.

Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.

The political ledger · congressional disclosures

Disclosures naming OPER
DatePoliticianPartyTypeAmount
5 Jun2026 Gil Cisneros Democrat buy 1K–15K
27 May2026 Mike Kelly Republican buy 15K–50K
2026-05-08 Bill Keating Democrat Purchase 1K–15K
2026-04-20 Jonathan Jackson Democrat Purchase 15K–50K
2026-04-13 Ro Khanna Democrat Purchase 1K–15K

What holding actually paid · price plus dividends

If $1,000 had been placed · historical, not a promise
PeriodPrice thenPrice returnDivs per share$1,000 becameTotal return
1 month $99.81 +0.3% $0.32 $1,006 +0.6%
2 months $99.58 +0.5% $0.65 $1,012 +1.2%
3 months $99.24 +0.9% $0.95 $1,018 +1.8%
6 months $98.34 +1.8% $1.82 $1,036 +3.6%
1 year $96.23 +4.0% $4.09 $1,083 +8.3%
2 years $91.77 +9.1% $8.84 $1,187 +18.7%
3 years $87.50 +14.4% $13.72 $1,301 +30.1%
5 years $84.10 +19.0% $17.46 $1,398 +39.8%

Historical returns from market close data. Past performance does not guarantee future results.

This entry now belongs to the ledger. Whatever OPER does next, these words stay.

ClearShares Ultra-Short Maturity ETF · OPER · Markup · $100.16
Recorded 2026-06-14 · before the outcome · scored mechanically

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