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
| ISIN | US0079895779 |
|---|---|
| Issuer | PIA Mutual Funds |
| Inception Date | Sep 25, 2003 |
| Category | Corporate Bonds |
| Min. Investment | $1,000 |
| Asset Class | Bond |
Expense Ratio
PBBBX features an expense ratio of 0.15%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in PIA BBB Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
PIA BBB Bond Fund had a return of -0.58% year-to-date (YTD) and 5.57% in the last 12 months. Over the past 10 years, PIA BBB Bond Fund had an annualized return of 2.36%, while the S&P 500 had an annualized return of 10.97%, indicating that PIA BBB Bond Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -0.58% | 11.29% |
| 1 month | 2.41% | 4.87% |
| 6 months | 6.59% | 17.88% |
| 1 year | 5.57% | 29.16% |
| 5 years (annualized) | 1.40% | 13.20% |
| 10 years (annualized) | 2.36% | 10.97% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.18% | -1.49% | 1.39% | -2.67% | -0.58% | ||||||||
| 2023 | 3.74% | -3.19% | 2.98% | 0.87% | -1.38% | 0.45% | 0.42% | -0.53% | -2.79% | -1.84% | 6.05% | 4.51% | 9.19% |
| 2022 | -3.42% | -2.08% | -2.47% | -5.91% | 0.85% | -3.07% | 3.78% | -3.07% | -5.73% | -0.72% | 5.11% | -0.05% | -16.09% |
| 2021 | -1.45% | -2.25% | -1.33% | 1.11% | 0.83% | 1.86% | 1.32% | -0.27% | -1.25% | 0.23% | 0.02% | 0.07% | -1.20% |
| 2020 | 2.43% | 1.07% | -9.31% | 5.13% | 2.48% | 2.34% | 3.62% | -1.12% | -0.39% | -0.17% | 2.99% | 0.66% | 9.37% |
| 2019 | 2.62% | 0.31% | 2.71% | 0.87% | 1.24% | 2.68% | 0.69% | 3.04% | -0.42% | 0.76% | 0.28% | 0.67% | 16.49% |
| 2018 | -0.67% | -1.65% | 0.23% | -1.00% | 0.26% | -0.46% | 1.03% | 0.35% | -0.03% | -1.73% | -0.57% | 1.20% | -3.03% |
| 2017 | 0.57% | 1.30% | -0.17% | 1.16% | 1.29% | 0.25% | 0.84% | 0.76% | -0.03% | 0.21% | -0.11% | 0.89% | 7.17% |
| 2016 | 0.06% | 0.79% | 3.78% | 1.60% | -0.24% | 2.72% | 1.46% | 0.53% | -0.23% | -0.87% | -2.99% | 0.72% | 7.41% |
| 2015 | 2.61% | -0.66% | 0.34% | -0.62% | -0.65% | -2.03% | 0.38% | -1.11% | -0.21% | 0.67% | -0.48% | -1.36% | -3.14% |
| 2014 | 1.87% | 1.48% | 0.34% | 1.51% | 1.81% | 0.19% | -0.16% | 1.77% | -1.65% | 0.89% | 0.58% | -0.28% | 8.61% |
| 2013 | -1.08% | 0.71% | 0.24% | 2.14% | -2.79% | -3.46% | 0.59% | -0.95% | 1.17% | 1.75% | -0.64% | -0.04% | -2.50% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PBBBX is 18, indicating that it is in the bottom 18% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
PBBBX (PIA BBB Bond Fund)
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.
Dividends
Dividend History
PIA BBB Bond Fund granted a 3.65% dividend yield in the last twelve months. The annual payout for that period amounted to $0.30 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.30 | $0.30 | $0.29 | $0.28 | $0.33 | $0.37 | $0.37 | $0.35 | $0.36 | $0.36 | $0.42 | $0.73 |
Dividend yield | 3.65% | 3.57% | 3.56% | 2.85% | 3.16% | 3.78% | 4.20% | 3.75% | 3.95% | 4.12% | 4.39% | 8.02% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.02 | $0.02 | $0.03 | $0.03 | $0.00 | $0.10 | |||||||
| 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 |
| 2013 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.38 | $0.73 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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 22.76%, occurring on Oct 21, 2022. The portfolio has not yet recovered.
The current PIA BBB Bond Fund drawdown is 10.36%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -22.76% | Aug 3, 2021 | 309 | Oct 21, 2022 | — | — | — |
| -17.11% | 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 |
| -8.06% | May 3, 2013 | 87 | Sep 5, 2013 | 159 | Apr 24, 2014 | 246 |
| -6.45% | Apr 20, 2015 | 210 | Feb 17, 2016 | 59 | May 11, 2016 | 269 |
Volatility
Volatility Chart
The current PIA BBB Bond Fund volatility is 1.53%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.