PBBBX: PIA BBB Bond Fund - MutualFunds.com
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PIA BBB Bond

PBBBX - Snapshot

Vitals

  • YTD Return -3.1%
  • 3 Yr Annualized Return 7.0%
  • 5 Yr Annualized Return 7.0%
  • Net Assets $290 M
  • Holdings in Top 10 12.6%

52 WEEK LOW AND HIGH

$10.09
$8.54
$10.36

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.17%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 36.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA $1,000

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style Corporate Bond

Compare PBBBX to Popular Corporate Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$132.34

-0.62%

$51.98 B

2.71%

$3.60

-4.12%

0.14%

$95.12

-0.28%

$45.84 B

2.57%

$2.45

-1.95%

0.05%

$31.73

-0.25%

$45.84 B

2.57%

$0.82

-1.80%

0.05%

$10.29

-0.19%

$37.40 B

2.49%

$0.26

-1.72%

0.20%

$10.97

-0.36%

$20.39 B

3.42%

$0.38

-2.83%

0.85%

PBBBX - Profile

Distributions

  • YTD Total Return -3.1%
  • 3 Yr Annualized Total Return 7.0%
  • 5 Yr Annualized Total Return 7.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.41%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    PIA BBB Bond Fund
  • Fund Family Name
    PIA Mutual Funds
  • Inception Date
    Sep 25, 2003
  • Shares Outstanding
    28466257
  • Share Class
    No Load
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Rory Hargaden

Fund Description

The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in bonds rated BBB by Standard & Poor's, Baa by Moody's or BBB by Fitch. It may invest up to 50% of its total assets in securities of foreign issuers denominated in U.S. dollars, including issuers located in emerging markets.


PBBBX - Performance

Return Ranking - Trailing

Period PBBBX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.1% -6.6% 5.5% 65.18%
1 Yr 5.2% -2.7% 14.9% 84.86%
3 Yr 7.0%* 0.7% 9.5% 40.49%
5 Yr 7.0%* 3.2% 11.9% 26.82%
10 Yr 5.6%* 2.5% 8.0% 37.12%

* Annualized

Return Ranking - Calendar

Period PBBBX Return Category Return Low Category Return High Rank in Category (%)
2020 5.8% -13.0% 10.6% 41.78%
2019 12.0% -3.9% 19.2% 6.73%
2018 -6.9% -52.7% -2.0% 76.02%
2017 3.2% -3.5% 9.5% 33.75%
2016 3.3% -0.7% 35.8% 42.03%

Total Return Ranking - Trailing

Period PBBBX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.1% -6.7% 5.5% 64.73%
1 Yr 5.2% -2.7% 14.9% 69.72%
3 Yr 7.0%* 0.7% 9.5% 36.10%
5 Yr 7.0%* 3.1% 11.9% 24.02%
10 Yr 5.6%* 2.5% 8.0% 32.58%

* Annualized

Total Return Ranking - Calendar

Period PBBBX Return Category Return Low Category Return High Rank in Category (%)
2020 5.8% -13.0% 10.6% 41.78%
2019 12.7% -3.9% 19.2% 2.42%
2018 -3.0% -14.6% 92.1% 11.73%
2017 7.2% -3.5% 9.5% 1.88%
2016 7.0% -0.7% 35.8% 10.87%

NAV & Total Return History


PBBBX - Holdings

Concentration Analysis

PBBBX Category Low Category High PBBBX % Rank
Net Assets 290 M 7.9 M 52 B 61.78%
Number of Holdings 269 3 7787 76.55%
Net Assets in Top 10 36.7 M -28.7 M 3.71 B 59.73%
Weighting of Top 10 12.59% 1.7% 100.0% 58.67%

Top 10 Holdings

  1. United States Treasury Notes 0.625% 2.01%
  2. United States Treasury Bonds 1.25% 1.78%
  3. Pacific Gas And Electric Company 3.5% 1.71%
  4. Philippines (Republic Of) 5% 1.28%
  5. Verizon Communications Inc. 4.86% 1.24%
  6. CSX Corporation 6.22% 1.23%
  7. Zions Bancorporation Natl Assn Global Bank 3.25% 1.20%
  8. AbbVie Inc. 3.2% 1.14%
  9. Ge Cap Funding Llc 4.4% 1.05%
  10. Anheuser-Busch InBev Worldwide Inc. 4.5% 1.05%

Asset Allocation

Weighting Return Low Return High PBBBX % Rank
Bonds
98.28% 15.72% 127.83% 11.50%
Convertible Bonds
1.07% 0.00% 79.15% 79.65%
Cash
0.65% -39.96% 21.14% 70.35%
Stocks
0.00% -0.02% 3.20% 43.36%
Preferred Stocks
0.00% 0.00% 6.83% 55.75%
Other
0.00% -38.66% 6.08% 35.40%

Bond Sector Breakdown

Weighting Return Low Return High PBBBX % Rank
Corporate
90.19% 46.81% 100.00% 45.58%
Government
9.16% 0.00% 34.58% 24.78%
Cash & Equivalents
0.65% 0.00% 22.64% 83.19%
Derivative
0.00% 0.00% 23.70% 44.69%
Securitized
0.00% 0.00% 19.76% 83.19%
Municipal
0.00% 0.00% 4.86% 69.91%

Bond Geographic Breakdown

Weighting Return Low Return High PBBBX % Rank
US
81.47% 11.21% 125.21% 38.50%
Non US
16.81% 0.00% 41.18% 41.15%

PBBBX - Expenses

Operational Fees

PBBBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.17% 0.03% 8.55% 90.52%
Management Fee 0.00% 0.00% 1.35% 1.77%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

PBBBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

PBBBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PBBBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 36.00% 0.00% 241.00% 25.93%

PBBBX - Distributions

Dividend Yield Analysis

PBBBX Category Low Category High PBBBX % Rank
Dividend Yield 0.00% 0.00% 2.73% 42.92%

Dividend Distribution Analysis

PBBBX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

PBBBX Category Low Category High PBBBX % Rank
Net Income Ratio 3.41% -1.57% 8.62% 14.61%

Capital Gain Distribution Analysis

PBBBX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History

View More +

PBBBX - Fund Manager Analysis

Managers

Rory Hargaden


Start Date

Tenure

Tenure Rank

Mar 30, 2018

2.84

2.8%

Mr. Hargaden is a portfolio manager and credit research analyst, where he specializes in financial institutions, utilities, asset-backed securities and municipal bonds. Mr. Hargaden’s prior experience at PIA includes managing fixed income trading. Prior to joining PIA in 1989, Mr. Hargaden served in the Audit and Tax Services divisions of Ernst & Whinney and KPMG Peat Marwick. He earned a Bachelor of Science degree in Business Administration and an M.B.A. from the University of Southern California.

Hsin Tong


Start Date

Tenure

Tenure Rank

Mar 30, 2018

2.84

2.8%

Hsin Tong, CFA, is Vice President and Portfolio Manager. Ms. Tong is a portfolio manager and analyst of PIA focusing on institutional separately managed accounts. Ms. Tong has been an employee of the Adviser since 2005. She earned a MS degree in Industrial and Systems Engineering from the University of Southern California. She earned a Bachelor of Science degree in Mechanical and Electronics Engineering from Shantou University in China, where she was a four-year member of the Dean’s List.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 23.43 5.69 1.08