PIFI

ClearShares Piton Intermediate Fixed Income ETF

$95.06

+0.00%

Market closed. Last update: 11:43 PM ET

📎 Investment Objective

The ClearShares Piton Intermediate Fixed Income ETF (PIFI) seeks to provide current income consistent with preservation of capital.

Overview

ETF tracking ClearShares Piton Intermediate Fixed Income ETF

Category Fixed Income

Issuer Other

Inception Date 2020-10-02

Market Cap $109.3M

Average Volume N/A

Dividend Yield 3.59%

52-Week Range $91.44 - $96.77

VWAP $95.12

Performance

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Investment Summary

📎 Investment Objective

The ClearShares Piton Intermediate Fixed Income ETF (PIFI) seeks to provide current income consistent with preservation of capital.

🎯 Investment Strategy

The ETF invests primarily in a portfolio of investment-grade fixed income securities, including U.S. government bonds, corporate bonds, and mortgage-backed securities, with an intermediate-term average duration. The fund's portfolio is actively managed to maintain a weighted average maturity of 3 to 10 years.

✨ Key Features

Focuses on investment-grade fixed income securities with intermediate-term maturities
Actively managed portfolio to maintain a targeted duration range
Aims to provide current income while preserving capital
Low expense ratio of 0.00%

⚠️ Primary Risks

Interest rate risk: The value of the fund's holdings may decline if interest rates rise
Credit risk: The fund is exposed to the risk of issuers defaulting on their debt obligations
Liquidity risk: The fund may have difficulty selling certain securities at an advantageous time and price
Active management risk: The fund's performance could trail that of the broader fixed income market if the manager's investment decisions are not successful

👤 Best For

The ClearShares Piton Intermediate Fixed Income ETF may be suitable for investors seeking a low-cost, actively managed fixed income fund that aims to provide current income and preserve capital, with a moderate risk profile. It may be appropriate as a core fixed income holding or for diversification within a broader investment portfolio.