PIA High Yield (MACS) Fund (PIAMX)
The investment seeks a high level of current income; the fund's secondary objective is to seek capital growth when that is consistent with its primary objective. The fund invests, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in a diversified portfolio of domestic and foreign high yield instruments ("junk bonds"), defined as bonds, convertible securities, forward commitments, loan participations and assignments, preferred stocks and Rule 144A securities.
Fund Info
| ISIN | US00770X3787 |
|---|---|
| Issuer | PIA Mutual Funds |
| Inception Date | Dec 26, 2017 |
| Category | High Yield Bonds |
| Min. Investment | $1,000 |
| Asset Class | Bond |
Expense Ratio
PIAMX has an expense ratio of 0.20%, which is considered low compared to other funds.
Share Price Chart
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Compare to other instruments
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Popular comparisons: PIAMX vs. TRBUX, PIAMX vs. HYBB, PIAMX vs. USHY, PIAMX vs. JEPAX, PIAMX vs. MFHVX, PIAMX vs. FSREX, PIAMX vs. VWAHX, PIAMX vs. VWEAX, PIAMX vs. PIMIX, PIAMX vs. FAGIX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in PIA High Yield (MACS) 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 (MACS) Fund had a return of 10.26% year-to-date (YTD) and 15.51% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 10.26% | 25.82% |
| 1 month | 1.03% | 3.20% |
| 6 months | 6.18% | 14.94% |
| 1 year | 15.51% | 35.92% |
| 5 years (annualized) | 6.49% | 14.22% |
| 10 years (annualized) | N/A | 11.43% |
Monthly Returns
The table below presents the monthly returns of PIAMX, 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 | 0.58% | 0.55% | 1.73% | -0.01% | 0.90% | 1.11% | 1.26% | 1.41% | 1.37% | 0.11% | 10.26% | ||
| 2023 | 3.90% | 0.01% | 1.31% | 1.86% | -0.82% | 2.21% | 1.76% | 0.63% | -0.67% | -1.48% | 3.56% | 3.17% | 16.38% |
| 2022 | -1.51% | -1.20% | -0.74% | -2.53% | -1.89% | -5.95% | 4.12% | -0.23% | -3.64% | 2.19% | 1.20% | -0.27% | -10.31% |
| 2021 | 0.80% | 1.15% | 0.91% | 1.18% | 0.43% | 1.33% | 0.26% | 0.55% | 0.38% | -0.27% | -0.89% | 0.13% | 6.10% |
| 2020 | 0.95% | -1.68% | -12.69% | 1.75% | 5.63% | 2.97% | 3.77% | 1.96% | 0.05% | 0.93% | 4.14% | 2.21% | 9.05% |
| 2019 | 3.59% | 1.57% | 0.89% | 1.86% | -1.35% | 1.55% | 0.52% | -0.29% | 0.74% | -0.10% | -0.10% | 2.17% | 11.51% |
| 2018 | 0.66% | -0.35% | -0.21% | 0.39% | -0.14% | 0.39% | 0.52% | 0.97% | 0.48% | -1.46% | -1.35% | -2.24% | -2.36% |
| 2017 | -0.04% | -0.04% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of PIAMX 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 (MACS) Fund (PIAMX) 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 (MACS) Fund provided a 8.37% dividend yield over the last twelve months, with an annual payout of $0.73 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.73 | $0.69 | $0.69 | $0.68 | $0.64 | $0.64 | $0.61 | $0.01 |
Dividend yield | 8.37% | 8.12% | 8.72% | 7.03% | 6.63% | 6.74% | 6.66% | 0.06% |
Monthly Dividends
The table displays the monthly dividend distributions for PIA High Yield (MACS) 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 | $0.06 | $0.06 | $0.06 | $0.07 | $0.06 | $0.07 | $0.06 | $0.06 | $0.07 | $0.00 | $0.61 | |
| 2023 | $0.05 | $0.05 | $0.07 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.05 | $0.06 | $0.06 | $0.06 | $0.69 |
| 2022 | $0.05 | $0.05 | $0.06 | $0.05 | $0.05 | $0.06 | $0.05 | $0.11 | $0.05 | $0.05 | $0.06 | $0.06 | $0.69 |
| 2021 | $0.05 | $0.05 | $0.07 | $0.06 | $0.05 | $0.06 | $0.06 | $0.05 | $0.06 | $0.05 | $0.05 | $0.06 | $0.68 |
| 2020 | $0.05 | $0.05 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.05 | $0.07 | $0.64 |
| 2019 | $0.05 | $0.05 | $0.06 | $0.05 | $0.06 | $0.05 | $0.06 | $0.05 | $0.05 | $0.06 | $0.05 | $0.06 | $0.64 |
| 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 | $0.01 | $0.01 |
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 (MACS) 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 (MACS) Fund was 18.15%, occurring on Mar 23, 2020. Recovery took 122 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -18.15% | Feb 24, 2020 | 21 | Mar 23, 2020 | 122 | Sep 15, 2020 | 143 |
| -14.54% | Dec 29, 2021 | 130 | Jul 6, 2022 | 357 | Dec 5, 2023 | 487 |
| -5.37% | Oct 3, 2018 | 59 | Dec 27, 2018 | 51 | Mar 13, 2019 | 110 |
| -1.56% | May 6, 2019 | 20 | Jun 3, 2019 | 15 | Jun 24, 2019 | 35 |
| -1.49% | Nov 10, 2021 | 12 | Nov 26, 2021 | 20 | Dec 27, 2021 | 32 |
Volatility
Volatility Chart
The current PIA High Yield (MACS) Fund volatility is 0.63%, 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.