Key stats
About ClearShares Piton Intermediate Fixed Income ETF
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Inception date
Oct 1, 2020
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
ClearShares LLC
Distributor
Quasar Distributors LLC
ISIN
US26922A1319
PIFI invests in US corporate and government debt obligations, mortgage-backed, commercial mortgage-backed and asset-backed securities as well repurchase agreements collateralized by US debt obligations. The Sub-adviser selects securities both on a top-down macroeconomic approach and on a bottom-up security-level analysis. Macroeconomic factors may include monetary, fiscal, and regulatory policies, market valuations and volatility, inflation, and supply and demand. The portfolio managers combines their assessment of these macroeconomic factors into the teams outlook for interest rates, sector strengths or weaknesses, and liquidity, that will ultimately shape the funds overall risk profile. The average portfolio maturity is targeted at of 0-10 years. Between April 16, 2021 and May 11, 2021, the fund's ticker was BTC.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Government
Corporate
Bonds, Cash & Other100.00%
Government66.16%
Corporate32.61%
Cash0.77%
Municipal0.30%
Mutual fund0.16%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
PIFI invests in bonds. The fund's major sectors are Government, with 66.16% stocks, and Corporate, with 32.61% of the basket. The assets are mostly located in the North America region.
PIFI top holdings are United States Treasury Notes 4.25% 15-FEB-2028 and United States Treasury Notes 3.5% 15-FEB-2033, occupying 4.98% and 3.88% of the portfolio correspondingly.
PIFI last dividends amounted to 0.21 USD. The quarter before, the issuer paid 0.20 USD in dividends, which shows a 5.81% increase.
PIFI assets under management is 108.53 M USD. It's fallen 1.60% over the last month.
PIFI fund flows account for 405.69 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, PIFI pays dividends to its holders with the dividend yield of 0.93%. The last dividend (Jun 30, 2025) amounted to 0.21 USD. The dividends are paid quarterly.
PIFI shares are issued by Deegan Holdings LLC under the brand ClearShares. The ETF was launched on Oct 1, 2020, and its management style is Active.
PIFI expense ratio is 0.45% meaning you'd have to pay 0.45% of your investment to help manage the fund.
PIFI follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
PIFI invests in bonds.
PIFI price has risen by 0.40% over the last month, and its yearly performance shows a 0.59% increase. See more dynamics on PIFI price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.52% over the last month, showed a 1.29% increase in three-month performance and has increased by 3.07% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.52% over the last month, showed a 1.29% increase in three-month performance and has increased by 3.07% in a year.
PIFI trades at a premium (0.04%) meaning the ETF is trading at a higher price than the calculated NAV.