BTC

ClearShares Piton Intermediate Fixed Income ETF
*Unless otherwise stated, data provided by FactSet.

BTC Fund Description

BTC is actively managed to invest in a variety of USD-denominated bonds with an average portfolio maturity of 0-10 years, carrying an investment-grade rating.

BTC Factset Analytics Insight

BTC 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. Prior to April 16, 2021 the fund's ticker was PIFI. Grayscale, owner of Bitcoin fund GBTC purchased a stake in ClearShares ETFs.

BTC MSCI ESG Analytics Insight

ClearShares Piton Intermediate Fixed Income ETF has an MSCI ESG Fund Rating of A based on a score of 5.81 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. ClearShares Piton Intermediate Fixed Income ETF ranks in the 45th percentile within its peer group and in the 23th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

PERFORMANCE [as of 05/11/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
BTC -- -- -- -- -- -- --
BTC (NAV) 0.33% -0.76% -1.02% -- -- -- --
No Underlying Index -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

BTC Summary Data

ClearShares
10/02/20
Open-Ended Fund
0.45%
$61.92M
$220.69K
0.10%

BTC Portfolio Data

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N/A
0

BTC Index Data

No Underlying Index
Proprietary
Proprietary
N/A

BTC Portfolio Management

0.45%
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BTC Tax Exposures

20.00% / 39.60%
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Ordinary income
No

BTC Fund Structure

Open-Ended Fund
No
No
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N/A
N/A
Low
Daily

BTC Factset Analytics Block Liquidity

As of 05/12/21
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of BTC. BTC is rated a N/A out of 5.

BTC Tradability

2,230
$220.69K
1,942
$192.34K
0.10%
$0.10
0.01%
0.09% / -0.01%
None
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50,000
0.04
--
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$99.05
N/A

BTC Performance Statistics

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BTC MSCI ESG Ratings

5.81 / 10
22.80
45.33
3.58%
0.97%
74.92

BTC Holdings Statistics

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0
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BTC Avg Life Maturity Distribution

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BTC OAS Breakdown

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Options Strategies for Outcome Investing

A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.