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PIFI ETF · Piton Intermediate Fixed Income ETF
The PIFI Exchange Traded Fund (ETF) is provided by Clear Shares. This fund is actively managed; it does not track an index. This share class generates a stream of income by distributing dividends.
Last update 3/12/2026, 1:30 PM UTC
LIVE
CLOSED
This fund is part ofUS Aggregate Bonds1M perf.-0.51%
Last price
$94.87
1M perf.
-0.66%
1M flows
+€2M
AuM
€93M
E/R
0.45%
Rating
Not rated
ESG Consensus®
PIFI
$94.87
Performance & flows
Segment for quartile rank
December 12, 2025 → March 12, 2026
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PIFI
$94.80
+0.28%
US Aggregate Bonds
+0.47%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -0.66%  | +0.28%  | +4.62% | +11.90% | +5.90%  | -1.28% | -0.10% | -0.10% | |
| Flows |
Key fund info
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This ETF's jurisdiction country is not in your region (Europe and Middle East) ·
Main characteristics
More details
NAV
3/12/2026
$94.81
1D NAV change
-0.39%
Dividend policy
No. of holdings
62
Inception date
10/2/2020
Jurisdiction
United States
Distribution
United States
Legal structure
Open-end Fund
Base currency
USD
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Investment strategy
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.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +0.28% | +4.62% | +11.90% | +5.90% |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
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Countries
USA
98.76%
Unavailable
1.24%
Sectors
Sovereign
53.33%
Banks
7.64%
Government agencies
6.46%
Financial markets
5.29%
Power
3.19%
Fmcg-retail
1.97%
Pharmaceutical preparation and biotechnology
1.91%
Wholesale trade
1.52%
Unavailable
3.10%
Other
15.59%
Diversification
Total weight of top 15 holdings out of 62
Top 15 holdings
Data as of January 31, 2026
USA, Notes 4.25% 15feb2028, USD (AK-2028)
USA, Notes 3.5% 15feb2033, USD (B-2033)
USA, Notes 3.375% 15may2033, USD (C-2033)
USA, Notes 4% 15feb2034, USD (B-2034)
USA, Notes 4.25% 15nov2034, USD (F-2034)
FHLB, 3.25% 16nov2028, USD (4973)
USA, Notes 1.375% 15nov2031, USD (F-2031)
USA, Notes 3.75% 31may2030, USD (L-2030)
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USA, Notes 1.875% 15feb2032, USD (B-2032)
USA, Notes 4.125% 31jul2031, USD (N-2031)
USA, Notes 4.125% 31jul2028, USD (AB-2028)
Resolution Funding, 0% 15jan2030, USD (14230D)
USA, Notes 4.5% 15may2027, USD (AN-2027)
USA, Notes 4.125% 29feb2032, USD (H-2032)
USA, Notes 4% 28feb2030, USD (H-2030)
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Enterprise
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Integrates ESG criteria
No
SDG
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Enterprise
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Clear Shares
Clear Shares ID Card
Number of funds
3
Total AuM
€341M
Expense ratio range
0.2% - 0.66%
Average expense ratio
0.4367%
Top 3 funds by Clear Shares
| AuM | ||
|---|---|---|
OCIO | ClearShares OCIO ETF | €144M |
OPER | ClearShares Ultra-Short Maturity ETF | €104M |
PIFI | Piton Intermediate Fixed Income ETF | €93M |
Frequently asked questions about PIFI
What does Piton Intermediate Fixed Income ETF, PIFI, invest in?
PIFI is a Active ETF. This ETF provides exposure to Investment Grade Aggregate Bonds.
What is the Total Expense ratio (TER) of PIFI?
PIFI carries a total expense ratio (TER) of 0.45%, indicating the annual cost for holding the fund.
When was PIFI launched?
PIFI was introduced to the market on October 2, 2020. It trades on United States
Who is the ETF issuer of PIFI?
Piton Intermediate Fixed Income ETF, PIFI, is provided by Clear Shares. Learn more about Clear Shares here.
What is the current assets under management (AUM) of PIFI?
PIFI oversees €93M in assets as of March 12, 2026.
How has PIFI performed lately?
Based on data from March 12, 2026, PIFI returned -0.66% over the past month, 0.28% over the last three months and -0.10% year-to-date.
What are the latest inflows or outflows for PIFI?
As of March 12, 2026, PIFI recorded net flows of +€2M over the last month and +€12K year-to-date.
Does PIFI distribute dividends?
PIFI follows a distributing dividend policy, meaning it pays out income to investors. As of March 12, 2026, its 12-month trailing yield was 3.16%.
What are the main country or region exposures of PIFI?
As of January 31, 2026, PIFI has significant geographic allocations in USA.
In which sector or theme does PIFI invest in?
As of January 31, 2026, PIFI focuses largely on Sovereign, Banks and Government agencies.
How many securities does PIFI hold and how diversified is it?
As of January 31, 2026, PIFI holds 62 positions in its portfolio, with 43.08% of assets concentrated in its top 15 holdings.
What are the main positions in PIFI?
As of January 31, 2026, PIFI top three holdings include USA, Notes 4.25% 15feb2028, USD (AK-2028), USA, Notes 3.5% 15feb2033, USD (B-2033) and USA, Notes 3.375% 15may2033, USD (C-2033).
What is the base currency of PIFI?
The base currency of PIFI is USD.
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