PIA BBB Bond Fund (PBBBX)
The investment seeks to provide a total rate of return that approximates that of bonds rated within the BBB category by credit rating agencies currently registered as nationally recognized statistical rating organizations (NRSROs). 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.
Fund Info
US0079895779
Sep 25, 2003
$1,000
Expense Ratio
PBBBX has an expense ratio of 0.15%, which is considered low.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
PIA BBB Bond Fund (PBBBX) returned 1.42% year-to-date (YTD) and 6.01% over the past 12 months. Over the past 10 years, PBBBX returned 2.59% annually, underperforming the S&P 500 benchmark at 10.84%.
PBBBX
1.42%
-0.47%
-0.10%
6.01%
2.70%
0.33%
2.59%
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
Monthly Returns
The table below presents the monthly returns of PBBBX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.42% | 1.97% | -0.36% | -0.35% | -0.24% | 1.42% | |||||||
| 2024 | -0.19% | -1.49% | 1.39% | -2.67% | 1.84% | 0.89% | 1.93% | 1.97% | 1.57% | -2.19% | 1.35% | -1.85% | 2.41% |
| 2023 | 3.74% | -3.19% | 2.98% | 0.87% | -1.38% | 0.45% | 0.41% | -0.52% | -2.79% | -1.84% | 6.05% | 4.50% | 9.18% |
| 2022 | -3.42% | -2.07% | -2.47% | -5.91% | 0.86% | -3.07% | 3.77% | -3.07% | -5.73% | -0.72% | 5.11% | -0.05% | -16.08% |
| 2021 | -1.45% | -2.25% | -1.34% | 1.12% | 0.83% | 1.86% | 1.32% | -0.27% | -1.24% | 0.23% | 0.02% | 0.07% | -1.19% |
| 2020 | 2.43% | 1.07% | -9.31% | 5.13% | 2.48% | 2.35% | 3.63% | -1.12% | -0.39% | -0.17% | 2.99% | 0.67% | 9.37% |
| 2019 | 2.62% | 0.31% | 2.71% | 0.87% | 1.24% | 2.67% | 0.68% | 3.04% | -0.42% | 0.75% | 0.28% | 0.68% | 16.51% |
| 2018 | -0.67% | -1.66% | 0.23% | -1.00% | 0.27% | -0.45% | 1.03% | 0.36% | -0.03% | -1.72% | -0.57% | 1.20% | -3.02% |
| 2017 | 0.57% | 1.30% | -0.17% | 1.16% | 1.29% | 0.24% | 0.84% | 0.76% | -0.03% | 0.21% | -0.11% | 0.89% | 7.16% |
| 2016 | 0.07% | 0.79% | 3.77% | 1.60% | -0.24% | 2.71% | 1.47% | 0.54% | -0.23% | -0.86% | -2.98% | 0.72% | 7.43% |
| 2015 | 2.61% | -0.66% | 0.35% | -0.62% | -0.64% | -2.03% | 0.38% | -1.11% | -0.21% | 0.67% | -0.48% | -1.36% | -3.12% |
| 2014 | 1.87% | 1.47% | 0.34% | 1.52% | 1.81% | 0.19% | -0.16% | 1.76% | -1.64% | 0.88% | 0.59% | -0.78% | 8.07% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PBBBX is 60, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for PIA BBB Bond Fund (PBBBX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
PIA BBB Bond Fund provided a 3.55% dividend yield over the last twelve months, with an annual payout of $0.30 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.30 | $0.32 | $0.30 | $0.29 | $0.28 | $0.33 | $0.37 | $0.37 | $0.35 | $0.36 | $0.36 | $0.42 |
Dividend yield | 3.55% | 3.82% | 3.57% | 3.56% | 2.85% | 3.16% | 3.78% | 4.20% | 3.75% | 3.95% | 4.12% | 4.39% |
Monthly Dividends
The table displays the monthly dividend distributions for PIA BBB Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.02 | $0.03 | $0.03 | $0.00 | $0.11 | |||||||
| 2024 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.32 |
| 2023 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.30 |
| 2022 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.03 | $0.29 |
| 2021 | $0.02 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.28 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.03 | $0.33 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.37 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.37 |
| 2017 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.35 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.36 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.36 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.08 | $0.42 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the PIA BBB Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the PIA BBB Bond Fund was 22.74%, occurring on Oct 21, 2022. The portfolio has not yet recovered.
The current PIA BBB Bond Fund drawdown is 6.35%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -22.74% | Aug 3, 2021 | 309 | Oct 21, 2022 | — | — | — |
| -17.1% | Jan 24, 2008 | 196 | Oct 31, 2008 | 153 | Jun 12, 2009 | 349 |
| -16.68% | Mar 9, 2020 | 10 | Mar 20, 2020 | 80 | Jul 15, 2020 | 90 |
| -8.92% | Dec 7, 2012 | 266 | Dec 27, 2013 | 264 | Jan 15, 2015 | 530 |
| -6.44% | Apr 20, 2015 | 210 | Feb 17, 2016 | 59 | May 11, 2016 | 269 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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