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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

PIA High Yield Fund

PHYSX | Fund

$8.14

$50.3 M

7.52%

$0.61

0.86%

Vitals

YTD Return

-18.4%

1 yr return

-5.1%

3 Yr Avg Return

3.7%

5 Yr Avg Return

3.5%

Net Assets

$50.3 M

Holdings in Top 10

14.3%

52 WEEK LOW AND HIGH

$8.1
$8.14
$10.08

Expenses

OPERATING FEES

Expense Ratio 0.86%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 72.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

$100


Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

High Yield Bond


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

PIA High Yield Fund

PHYSX | Fund

$8.14

$50.3 M

7.52%

$0.61

0.86%

PHYSX - Profile

Distributions

  • YTD Total Return -18.4%
  • 3 Yr Annualized Total Return 3.7%
  • 5 Yr Annualized Total Return 3.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 6.13%
DIVIDENDS
  • Dividend Yield 7.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    PIA High Yield Fund
  • Fund Family Name
    PIA Mutual Funds
  • Inception Date
    Dec 31, 2010
  • Shares Outstanding
    5627097
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Lloyd McAdams

Fund Description

The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in a diversified portfolio of domestic and foreign high yield instruments, defined as bonds, convertible securities, forward commitments, loan participations and assignments, preferred stocks and Rule 144A securities. It may invest up to 10% of its net assets in securities and instruments that are economically tied to emerging market countries.


PHYSX - Performance

Return Ranking - Trailing

Period PHYSX Return Category Return Low Category Return High Rank in Category (%)
YTD -18.4% -57.5% 9.6% 71.24%
1 Yr -5.1% -37.5% 44.9% 50.60%
3 Yr 3.7%* -25.4% 17.4% 18.08%
5 Yr 3.5%* -15.8% 13.4% 19.91%
10 Yr 5.3%* 0.4% 9.0% 15.96%

* Annualized

Return Ranking - Calendar

Period PHYSX Return Category Return Low Category Return High Rank in Category (%)
2021 1.0% -47.5% 15.2% 20.64%
2020 0.9% -56.9% 399.1% 27.95%
2019 3.8% -53.7% 226.1% 88.54%
2018 -8.5% -33.7% 2.0% 66.77%
2017 1.4% -9.5% 18.8% 41.65%

Total Return Ranking - Trailing

Period PHYSX Return Category Return Low Category Return High Rank in Category (%)
YTD -18.4% -57.5% 9.6% 70.57%
1 Yr -5.1% -37.5% 52.4% 44.44%
3 Yr 3.7%* -25.4% 16.3% 18.32%
5 Yr 3.5%* -15.8% 12.7% 20.89%
10 Yr 5.3%* 0.4% 9.0% 15.63%

* Annualized

Total Return Ranking - Calendar

Period PHYSX Return Category Return Low Category Return High Rank in Category (%)
2021 1.0% -47.5% 15.2% 20.78%
2020 0.9% -56.9% 399.1% 27.95%
2019 3.8% -53.7% 226.1% 88.99%
2018 -8.5% -33.7% 2.0% 72.23%
2017 1.4% -9.4% 18.8% 55.89%

NAV & Total Return History


PHYSX - Holdings

Concentration Analysis

PHYSX Category Low Category High PHYSX % Rank
Net Assets 50.3 M 1.47 M 26.2 B 86.09%
Number of Holdings 95 2 2736 90.22%
Net Assets in Top 10 7.58 M -492 M 2.55 B 82.34%
Weighting of Top 10 14.34% 3.0% 100.0% 34.99%

Top 10 Holdings

  1. ITT Holdings LLC 6.5% 1.59%
  2. Helios Software Holdings Incorporated / Ion Corporate Solutions Finance S A 1.53%
  3. Solaris Midstream Holdings LLC 7.63% 1.47%
  4. Martin Midstream Partners LP / Martin Midstream Finance Corp 11.5% 1.45%
  5. VistaJet Malta Finance P.L.C. and VistaJet Co Finance LLC 10.5% 1.45%
  6. CSI Compressco LP 7.5% 1.45%
  7. Bristow Group Inc 6.88% 1.44%
  8. Spanish Broadcasting System Inc.. 9.75% 1.43%
  9. LBC Tank Terminals Holdings Netherlands B.V. 6.88% 1.41%
  10. Stonemor Incorporation 8.5% 1.41%

Asset Allocation

Weighting Return Low Return High PHYSX % Rank
Bonds
97.18% 0.00% 154.38% 24.18%
Cash
1.37% -52.00% 100.00% 74.46%
Convertible Bonds
1.12% 0.00% 17.89% 46.76%
Other
0.33% -63.70% 32.06% 12.20%
Stocks
0.00% -0.60% 52.82% 79.11%
Preferred Stocks
0.00% 0.00% 14.10% 63.41%

Bond Sector Breakdown

Weighting Return Low Return High PHYSX % Rank
Corporate
98.62% 0.00% 100.00% 12.09%
Cash & Equivalents
1.38% 0.00% 99.98% 81.42%
Derivative
0.00% 0.00% 45.95% 50.51%
Securitized
0.00% 0.00% 97.24% 62.60%
Municipal
0.00% 0.00% 1.17% 37.28%
Government
0.00% 0.00% 99.07% 58.27%

Bond Geographic Breakdown

Weighting Return Low Return High PHYSX % Rank
US
83.53% 0.00% 150.64% 33.67%
Non US
13.65% 0.00% 96.17% 36.85%

PHYSX - Expenses

Operational Fees

PHYSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.86% 0.02% 4.67% 46.72%
Management Fee 0.55% 0.00% 1.84% 50.53%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

PHYSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

PHYSX 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.

PHYSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 72.00% 1.00% 327.00% 66.67%

PHYSX - Distributions

Dividend Yield Analysis

PHYSX Category Low Category High PHYSX % Rank
Dividend Yield 7.52% 0.00% 30.27% 0.88%

Dividend Distribution Analysis

PHYSX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

PHYSX Category Low Category High PHYSX % Rank
Net Income Ratio 6.13% -2.39% 14.30% 4.86%

Capital Gain Distribution Analysis

PHYSX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

PHYSX - Fund Manager Analysis

Managers

Lloyd McAdams


Start Date

Tenure

Tenure Rank

Nov 27, 2013

8.51

8.5%

Mr. McAdams currently serves as President of PIA. From PIA’s formation in 1986 until 2018 he served as the firm’s Chief Investment Officer. Mr. McAdams is a board member of Anworth Mortgage Asset Corp., a publicly-traded company which manages a portfolio of mortgage securities for its shareholders. From 1996 to 2004, Mr. McAdams served as the Chairman and CEO of Syndicated Capital, Inc., the former distributor of the PIA Mutual Funds.. Before joining PIA, Mr. McAdams held the positions of President of Security Pacific Investment Managers, Inc., Senior Vice President of Trust Company of the West, and an Investment Officer with the State of Tennessee. Mr. McAdams has served as a Board member of the California Public Employees Retirement System (“CALPERS”). Since 1997, Mr. McAdams has also been the founder, Chairman and CEO of Anworth Mortgage Asset Corp, a NYSE listed company (“ANH”) that manages a portfolio of mortgage backed securities for its mostly institutional shareholders. He is a Chartered Financial Analyst Charter Holder, and a Certified Employee Benefit Specialist. Mr. McAdams holds a B.S. in Statistics from Stanford University and an M.B.A. from the University of Tennessee

Michael Yean


Start Date

Tenure

Tenure Rank

Oct 22, 2017

4.61

4.6%

Michael Y. Yean Vice President Portfolio Manager/Credit Research Analyst Mr. Yean is responsible for the management of the firm’s high yield and convertible bond strategies. Mr. Yean is also is a credit research analyst, where he specializes in the industrial sector. In 1998 Mr. Yean joined PIA as a portfolio manager and research analyst for the PIA Small-cap and Mid-cap Equity portfolios. In 2002, Michael transitioned to fixed income credit analyst as the Bond Dept restructured toward greater emphasis in credit research. Prior to joining PIA Michael served in the Consulting Department of Merrill Lynch and the Investment Department of M.J. Segal & Company. He earned a Bachelor of Arts degree in Economics at University of California at Los Angeles.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.13 37.79 7.16 2.92