Fund Description
The Clearshares Piton Intermediate Fixed Income ETF ( PIFI ) is an actively managed portfolio of taxable intermediate-duration bonds. The fund primarily invests in investment -grade corporate bonds, U.S. government agency bonds and U.S. Treasury notes. PIFI focuses on maximizing total-return while delivering conservative goals of income generation, capital preservation, and liquidity.
Fund Profile
Fund Name Clearshares Piton Intermediate Fixed Income ETF
Fund Exchange Ticker PIFI
Fund Sponsor Exchange Traded Concepts
Fund ISIN US26922A1319
Net Expense Ratio 0.45 %
Fund Inception Date 2 October 2020
Fund Legal Structure ETF (Open end fund)
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Bonds - Broad Market
Asset Class Bonds
Index Linked Active
Index Name Not Applicable
Index Provider Not Applicable
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Bond Type Broad Market
Credit Quality Not Applicable
Average Maturity Intermediate (3-10) years
Bond Currency Denomination Not Applicable
Key Statistics
Return As of Date 21 January 2021
Asset Under Management 29.93 Million (USD)
1 Month Total Return -0.19 %
Year To Date Return -0.36 %
1 Year Total Return
3 Year Annualized Total Return
NAV 99.7644
Share Outstanding 300,000
Top 10 Holdings (20 January 2021)
Constituent Name Constituent Ticker Constituent Type Weighting
UNITED STATES TREAS NTS 0.25% 09/30/2025 BOND 0.0912000000
UNITED STATES TREAS NTS 0.125% 10/15/2023 BOND 0.0668000000
FEDERAL HOME LN MTG CORP 0.125% 10/16/2023 BOND 0.0334000000
FEDERAL HOME LN MTG CORP 0.375% 07/21/2025 BOND 0.0333000000
UNITED STATES TREAS NTS 0.625% 08/15/2030 BOND 0.0320000000
FEDERAL NATL MTG ASSN 0.75% 10/08/2027 BOND 0.0266000000
TSY INFL IX N/B 0.125% 07/15/2030 BOND 0.0190000000
FEDERAL NATL MTG ASSN 0.625% 04/22/2025 BOND 0.0169000000
FEDERAL HOME LN MTG CORP 0.375% 04/20/2023 BOND 0.0168000000