IYLD vs. PIFI ETF Comparison

Comparison of iShares Morningstar Multi-Asset Income ETF (IYLD) to ClearShares Piton Intermediate Fixed income ETF (PIFI)

IYLD

iShares Morningstar Multi-Asset Income ETF

IYLD Description

The investment seeks to track the investment results of the Morningstar® Multi-Asset High Income IndexSM. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. The index is broadly diversified and seeks to deliver high current income while maintaining long-term capital appreciation. The fund is a fund-of-funds and invests primarily in the securities of the underlying funds that themselves seek investment results corresponding to their own underlying indexes.

Grade (RS Rating)

Last Trade

$19.87

Average Daily Volume

11,684

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

PIFI

ClearShares Piton Intermediate Fixed income ETF

PIFI Description

The investment seeks current income consistent with the long term preservation of capital. The fund is an actively managed exchange-traded fund (ETF) that seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its net assets (plus borrowings for investment purposes) in debt securities and in derivatives and other instruments that have economic characteristics similar to such securities. It principally invests in U.S.-dollar denominated, investment-grade securities and seeks to typically maintain a dollar-weighted average portfolio maturity of zero to ten years. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$92.45

Average Daily Volume

1,758

Number of Holdings ^*

1

* may have additional holdings in another (foreign) market

Performance

Period	IYLD	PIFI
30 Days	0.78%	1.06%
60 Days	1.05%	1.39%
90 Days	1.62%	1.47%
12 Months	10.04%	3.95%

0 Overlapping Holdings

	Symbol	Grade	Weight in IYLD	Weight in PIFI	Overlap

IYLD Overweight 10 Positions Relative to PIFI

	Symbol	Grade	Weight
	PFF	B	15.2%
	ISTB	A	15.15%
	USHY	A	15.12%
	FLOT	A	15.07%
	EFV	B	14.6%
	AGZ	A	5.39%
	USRT	B	5.23%
	CEMB	A	5.04%
	LEMB	C	4.62%
	ILF	D	4.5%

IYLD Underweight 1 Positions Relative to PIFI

	Symbol	Grade	Weight
	OPER	A	-3.1%

IYLD: Top Represented Industries & Keywords

Industries:

Keywords: Exchange Traded Fund ETF Bond Index Fund Bond Market Corporate Bond Bloomberg Barclays Us Aggregate Bond Index Exchange Traded Funds U.S. Government Barclays U.S. Government Bond Market Indices Currency Debenture Debt EAFE Futures Markets Ishares MSCI EAFE Money Market Fund Morningstar Mlp Composite Index Tr

PIFI: Top Represented Industries & Keywords

Industries:

Keywords: Bear Market ETF Betashares ETF Exchange Traded Fund Exchange Traded Funds Inverse ETF Leveraged ETF Money Market Fund Repurchase Agreement U.S. Government Ultra ETF