PIA High Yield Fund (PHYSX)
The investment seeks a high level of current income; capital growth is a secondary objective when it is consistent with its primary objective. 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.
Fund Info
| ISIN | US0079891638 |
|---|---|
| CUSIP | 007989163 |
| Issuer | PIA Mutual Funds |
| Inception Date | Dec 31, 2010 |
| Category | High Yield Bonds |
| Min. Investment | $1,000 |
| Asset Class | Bond |
Expense Ratio
PHYSX features an expense ratio of 0.86%, falling within the medium range.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: PHYSX vs. MFHVX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in PIA High Yield 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 High Yield Fund had a return of 9.63% year-to-date (YTD) and 14.75% in the last 12 months. Over the past 10 years, PIA High Yield Fund had an annualized return of 5.36%, while the S&P 500 had an annualized return of 11.43%, indicating that PIA High Yield Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 9.63% | 25.82% |
| 1 month | 1.05% | 3.20% |
| 6 months | 5.67% | 14.94% |
| 1 year | 14.75% | 35.92% |
| 5 years (annualized) | 6.29% | 14.22% |
| 10 years (annualized) | 5.36% | 11.43% |
Monthly Returns
The table below presents the monthly returns of PHYSX, 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 | 0.65% | 0.50% | 1.65% | -0.11% | 0.83% | 1.04% | 1.27% | 1.19% | 1.29% | 0.16% | 9.63% | ||
| 2023 | 3.62% | 0.11% | 1.37% | 1.76% | -0.66% | 2.48% | 1.61% | 0.59% | -0.45% | -1.56% | 3.60% | 3.08% | 16.52% |
| 2022 | -1.57% | -1.27% | -0.82% | -2.67% | -1.85% | -5.92% | 3.97% | 0.06% | -3.98% | 2.31% | 0.64% | -0.32% | -11.17% |
| 2021 | 0.73% | 1.14% | 0.90% | 1.08% | 0.30% | 1.35% | 0.31% | 0.50% | 0.34% | -0.32% | -0.99% | 1.82% | 7.35% |
| 2020 | 1.15% | -2.05% | -14.17% | 1.34% | 6.00% | 4.09% | 3.67% | 2.16% | 0.00% | 0.75% | 4.11% | 2.28% | 8.03% |
| 2019 | 3.47% | 1.70% | 0.89% | 1.94% | -1.66% | 1.58% | 0.41% | -0.66% | 0.88% | -0.31% | -0.20% | 2.45% | 10.89% |
| 2018 | 0.82% | -0.42% | -0.21% | 0.16% | -0.14% | 0.28% | 0.41% | 1.04% | 0.46% | -1.50% | -1.71% | -1.93% | -2.76% |
| 2017 | 1.40% | 1.11% | -0.20% | 0.99% | 1.32% | -0.18% | 0.89% | 0.37% | 1.04% | 0.69% | 0.13% | 0.22% | 8.06% |
| 2016 | -1.42% | 0.64% | 3.71% | 2.83% | 0.90% | 0.48% | 2.58% | 1.75% | 0.49% | 0.23% | -0.20% | 1.74% | 14.52% |
| 2015 | 0.04% | 2.40% | 0.07% | 1.28% | 0.57% | -0.79% | -0.22% | -1.21% | -1.80% | 1.85% | -1.95% | -1.64% | -1.51% |
| 2014 | 0.74% | 1.63% | 0.56% | 0.57% | 0.65% | 0.69% | -0.89% | 0.93% | -1.70% | 0.90% | -0.46% | -2.12% | 1.43% |
| 2013 | 1.56% | 0.69% | 1.06% | 1.73% | -0.10% | -2.12% | 1.85% | -0.28% | 0.83% | 1.87% | 0.50% | -0.39% | 7.35% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of PHYSX is 98, placing it in the top 2% 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.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for PIA High Yield Fund (PHYSX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
PIA High Yield Fund provided a 7.49% dividend yield over the last twelve months, with an annual payout of $0.68 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.68 | $0.66 | $0.68 | $0.61 | $0.62 | $0.65 | $0.61 | $0.66 | $0.62 | $0.61 | $0.59 | $0.65 |
Dividend yield | 7.49% | 7.40% | 8.23% | 6.13% | 6.30% | 6.61% | 6.52% | 6.39% | 6.10% | 6.41% | 5.82% | 6.08% |
Monthly Dividends
The table displays the monthly dividend distributions for PIA High Yield 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 | $0.06 | $0.05 | $0.06 | $0.06 | $0.06 | $0.05 | $0.06 | $0.06 | $0.05 | $0.06 | $0.00 | $0.57 | |
| 2023 | $0.05 | $0.05 | $0.06 | $0.05 | $0.06 | $0.06 | $0.05 | $0.06 | $0.05 | $0.06 | $0.05 | $0.06 | $0.66 |
| 2022 | $0.04 | $0.05 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.12 | $0.05 | $0.05 | $0.05 | $0.05 | $0.68 |
| 2021 | $0.04 | $0.04 | $0.06 | $0.05 | $0.05 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.61 |
| 2020 | $0.05 | $0.05 | $0.06 | $0.05 | $0.05 | $0.06 | $0.06 | $0.05 | $0.04 | $0.05 | $0.05 | $0.06 | $0.62 |
| 2019 | $0.05 | $0.05 | $0.06 | $0.05 | $0.07 | $0.04 | $0.06 | $0.06 | $0.05 | $0.06 | $0.05 | $0.07 | $0.65 |
| 2018 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.05 | $0.05 | $0.06 | $0.05 | $0.06 | $0.05 | $0.06 | $0.61 |
| 2017 | $0.03 | $0.06 | $0.09 | $0.05 | $0.06 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.66 |
| 2016 | $0.05 | $0.05 | $0.06 | $0.05 | $0.05 | $0.06 | $0.05 | $0.06 | $0.05 | $0.04 | $0.05 | $0.06 | $0.62 |
| 2015 | $0.04 | $0.04 | $0.06 | $0.05 | $0.05 | $0.05 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.61 |
| 2014 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.04 | $0.06 | $0.59 |
| 2013 | $0.05 | $0.05 | $0.05 | $0.06 | $0.06 | $0.05 | $0.06 | $0.05 | $0.05 | $0.06 | $0.04 | $0.06 | $0.65 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the PIA High Yield 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 High Yield Fund was 19.86%, occurring on Mar 23, 2020. Recovery took 140 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -19.86% | Feb 21, 2020 | 22 | Mar 23, 2020 | 140 | Oct 9, 2020 | 162 |
| -13.47% | Jan 6, 2022 | 130 | Jul 14, 2022 | 346 | Nov 28, 2023 | 476 |
| -9.11% | Jun 3, 2015 | 176 | Feb 11, 2016 | 66 | May 17, 2016 | 242 |
| -7.05% | May 11, 2011 | 102 | Oct 4, 2011 | 65 | Jan 6, 2012 | 167 |
| -5.44% | Oct 3, 2018 | 59 | Dec 27, 2018 | 53 | Mar 15, 2019 | 112 |
Volatility
Volatility Chart
The current PIA High Yield Fund volatility is 0.61%, 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.