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Launched · SEC filings

ClearShares Piton Intermediate Fixed Income ETF

PIFINYSE ArcaClearSharesC

$92.190.00 (0.00%)

As of Nov 2, 2026, 10:00 AM ET

C44/ 100

Rank 92 of 116 in US Aggregate Bond

C44/100Rank 92 of 116inUS Aggregate Bond
Intraday session: down, 1 prints from 92.19 to 92.19. Range 92.19 to 92.19. Use the arrow keys to read each point.92.1892.1992.1910 AM12 PM2 PM4 PM
Expense ratio
0.45%
Fund size
$97M
1Y total return
+0.5%
Yield · Last 12 months
3.56%
Holdings
56
Avg volume · 30D
1.78K sh
52W range
low $90.56high $96.12
Launched
Filings
SEC EDGAR

The ETF.net PIFI Grade

C

Score 44 out of 100

Category
US Aggregate Bond⁠
Rank
92 of 116
Six-pillar profile for PIFI. Scores out of 100: Cost 24, Risk 54, Mission 87, Tradability 17, Holdings 32, Durability 43. Strongest: Mission (87). Weakest: Tradability (17). Leans toward Mission.

Score 44 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F24 out of 100
    Rank 85 of 115

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A87 out of 100
    Rank 78 of 100

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C54 out of 100
    Rank 35 of 116

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F17 out of 100
    Rank 107 of 116

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D32 out of 100
    Rank 98 of 115

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C43 out of 100
    Rank 76 of 116

Our read on PIFI

ETF.net Research

In short

CActive management in a corner of the bond market owned by index trackers. A manager picks the bonds here, chasing current income with capital preservation and a three- to ten-year average maturity, instead of cloning the Agg.

Stated mandate

The Fund seeks current income while preserving capital over the long term. It is actively managed and invests at least 80% of assets in debt securities or economically similar instruments, generally maintaining a three- to ten-year dollar-weighted average maturity.

Why people hold it

  • Truly active, not index-shadowing: at least 80% in debt securities, a three- to ten-year average maturity, and a manager making the calls.
  • The portfolio matches the mandate on paper: US debt, intermediate maturities, no style drift into places the prospectus never mentioned.
  • Income is the stated job, and the fund pays on a quarterly schedule.
  • Live since 2020, so there is a real multi-year record to inspect rather than a backtest.

Worth knowing

  • 0.45% a year, above the intermediate-bond median of 0.36% and miles past the 0.03% charged by BND, SPAB and SCHZ. Active judgment is what you are paying for.
  • Thinly traded. Spreads can widen, so limit orders matter more here than with the index behemoths.
  • A boutique fund with a modest asset base, without the scale cushion of the Vanguard and Schwab giants in its cohort.

PIFI Performance

Launched Oct 1, 2020

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.
PIFI$10,046
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. PIFI $10,046. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for PIFI. Periods over one year show the average yearly return.
PeriodPIFI
Year to date−0.2%
1 month+1.6%
3 months+0.2%
1 year+0.5%
3 yearsper year+4.4%
5 yearsper year+1.1%
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for PIFI
YearReturn barPIFI
2026 YTD−0.2%
2025+6.3%
2024+2.5%
2023+4.6%
2022−7.2%
2021−1.3%
2020+0.1%

History from Oct 2, 2020

PIFI in the news

PIFI Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
3.56%Last 12 months
Payout per share
$3.28Last 12 months
Last payment
$0.86 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2021–2026

One bar per payment. 23 payments from 2021 to 2026 YTD. Mar 29, 2021 $0.02; Jun 28, 2021 $0.03; Sep 28, 2021 $0.12; Dec 15, 2021 $0.07; Mar 29, 2022 $0.17; Jun 28, 2022 $0.08; Sep 28, 2022 $0.49; Dec 21, 2022 $0.36; Mar 29, 2023 $0.37; Jun 28, 2023 $0.17; Sep 27, 2023 $0.93; Dec 27, 2023 $0.65; Mar 26, 2024 $0.56; Jun 27, 2024 $0.19; Sep 27, 2024 $0.69; Dec 30, 2024 $1.25; Mar 28, 2025 $0.20; Jun 27, 2025 $0.21; Sep 29, 2025 $1.75; Dec 30, 2025 $0.83; Mar 30, 2026 $0.73; Jun 29, 2026 $0.85; Sep 29, 2026 $0.86. Use the arrow keys to read each point.202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 29, 2026Sep 30, 2026$0.86
Jun 29, 2026Jun 30, 2026$0.85
Mar 30, 2026Mar 31, 2026$0.73
Dec 30, 2025Dec 31, 2025$0.83
Sep 29, 2025Sep 30, 2025$1.75
Jun 27, 2025Jun 30, 2025$0.21
Mar 28, 2025Mar 31, 2025$0.20
Dec 30, 2024Dec 31, 2024$1.25
Sep 27, 2024Sep 30, 2024$0.69
Jun 27, 2024Jun 28, 2024$0.19
Mar 26, 2024Mar 28, 2024$0.56
Dec 27, 2023Dec 29, 2023$0.65

See all 23 payments⁠

$10,000 in PIFI 5 years ago paid $1,153 in dividends.⁠

PIFI Risk

Risk pillarC54 out of 100Rank 35 of 116 in US Aggregate Bond
How much the fund’s monthly returns vary, scaled to a year.
3.5%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
−0.02
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−9.8%
Trough Oct 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.57
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

PIFI Cost

Compare PIFI and BKAG

Overpaying vs BKAG, cheapest in US Aggregate Bond

$9,041

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • PIFI 0.45%

    $9,041

  • BKAG 0.00% Cheapest

    $0

$10,000
30 years

Cost over time

  • PIFI 0.45%
  • BKAG 0.00%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530PIFI $9,041BKAG $0

Year by year

YearPIFIBKAGOverpaying
10$812$0$812
20$3,128$0$3,128
30$9,041$0$9,041

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