Symbols

PIFI

ClearShares Piton Intermediate Fixed Income ETF·ARCA

--(--)

Key Stats

Assets Under Management

104.27MUSD

Fund Flows (1Y)

-7.13MUSD

Dividend Yield

3.16%

Discount/Premium to NAV

-0.07%

Shares Outstanding

1.10M

Expense Ratio

0.45%

About ClearShares Piton Intermediate Fixed Income ETF

Issuer

ClearShares LLC

Brand

ClearShares

Home Page

https://www.clear-shares.com/pifi

Inception Date

Oct 1, 2020

Structure

Open-Ended Fund

Index Tracked

Management Style

Active

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

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 team's outlook for interest rates, sector strengths or weaknesses, and liquidity, that will ultimately shape the fund's 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.