PIA MBS Bond Fund (PMTGX)
The investment seeks to provide a total rate of return that exceeds the Bloomberg Barclays U.S. MBS Fixed Rate Index. The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in mortgage-backed securities, including commercial mortgage-backed securities. It may invest up to 20% of its net assets in futures, options and other derivatives. The fund may also invest up to 20% of its net assets in asset-backed securities.
Fund Info
US0079894947
Feb 27, 2006
$1,000
Expense Ratio
PMTGX has an expense ratio of 0.23%, which is considered low compared to other funds.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in PIA MBS 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 MBS Bond Fund had a return of 0.77% year-to-date (YTD) and 4.05% in the last 12 months. Over the past 10 years, PIA MBS Bond Fund had an annualized return of 0.85%, while the S&P 500 had an annualized return of 11.31%, indicating that PIA MBS Bond Fund did not perform as well as the benchmark.
PMTGX
0.77%
0.77%
-1.88%
4.05%
-0.77%
0.85%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of PMTGX, 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 | 0.39% | 0.77% | |||||||||||
| 2024 | -0.44% | -1.76% | 1.05% | -3.10% | 1.87% | 1.53% | 2.19% | 1.99% | 1.23% | -2.96% | 1.25% | -1.69% | 0.95% |
| 2023 | 2.99% | -2.49% | 1.87% | 0.43% | -0.55% | -0.29% | -0.21% | -0.77% | -3.02% | -2.21% | 5.01% | 4.24% | 4.73% |
| 2022 | -1.28% | -0.95% | -2.42% | -3.26% | 0.86% | -1.39% | 3.08% | -3.15% | -4.66% | -1.72% | 3.62% | -0.18% | -11.18% |
| 2021 | -0.03% | -1.16% | -0.44% | 0.80% | -0.16% | 0.05% | 0.57% | -0.05% | -0.36% | -0.26% | -0.03% | -0.08% | -1.16% |
| 2020 | 0.64% | 1.04% | 1.27% | 0.53% | -0.10% | -0.13% | 0.17% | -0.07% | -0.16% | -0.07% | 0.32% | 0.37% | 3.86% |
| 2019 | 0.88% | -0.09% | 1.44% | -0.18% | 1.24% | 0.75% | 0.38% | 0.87% | 0.02% | 0.26% | -0.00% | 0.29% | 6.01% |
| 2018 | -1.19% | -0.68% | 0.64% | -0.56% | 0.77% | -0.01% | -0.20% | 0.60% | -0.61% | -0.59% | 0.92% | 1.74% | 0.77% |
| 2017 | -0.10% | 0.46% | 0.08% | 0.64% | 0.66% | -0.37% | 0.44% | 0.67% | -0.21% | -0.09% | -0.12% | 0.25% | 2.35% |
| 2016 | 1.36% | 0.22% | 0.30% | 0.33% | 0.14% | 0.77% | 0.22% | 0.14% | 0.21% | -0.30% | -1.72% | 0.00% | 1.67% |
| 2015 | 1.03% | -0.21% | 0.44% | 0.02% | -0.09% | -0.79% | 0.67% | 0.01% | 0.53% | -0.08% | -0.10% | -0.19% | 1.23% |
| 2014 | 1.61% | 0.34% | -0.34% | 0.91% | 1.10% | 0.26% | -0.52% | 0.76% | -0.06% | 0.89% | 0.72% | 0.13% | 5.94% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PMTGX is 26, 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 MBS Bond Fund (PMTGX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
PIA MBS Bond Fund provided a 4.11% dividend yield over the last twelve months, with an annual payout of $0.34 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 | $0.34 | $0.34 | $0.29 | $0.20 | $0.08 | $0.21 | $0.28 | $0.26 | $0.26 | $0.28 | $0.27 | $0.31 |
Dividend yield | 4.11% | 4.14% | 3.48% | 2.39% | 0.81% | 2.13% | 2.95% | 2.77% | 2.76% | 2.97% | 2.80% | 3.16% |
Monthly Dividends
The table displays the monthly dividend distributions for PIA MBS 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 | $0.02 | $0.00 | $0.02 | ||||||||||
| 2024 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.06 | $0.34 |
| 2023 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.04 | $0.29 |
| 2022 | $0.01 | $0.01 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.20 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.08 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.21 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.28 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.26 |
| 2017 | $0.02 | $0.01 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
| 2016 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.28 |
| 2015 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.27 |
| 2014 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.31 |
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 MBS 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 MBS Bond Fund was 16.91%, occurring on Oct 19, 2023. The portfolio has not yet recovered.
The current PIA MBS Bond Fund drawdown is 6.58%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -16.91% | Jan 5, 2021 | 703 | Oct 19, 2023 | — | — | — |
| -5.5% | Dec 22, 2008 | 5 | Dec 29, 2008 | 210 | Oct 28, 2009 | 215 |
| -4.51% | Sep 26, 2012 | 237 | Sep 5, 2013 | 163 | Apr 30, 2014 | 400 |
| -4.28% | Nov 5, 2010 | 67 | Feb 10, 2011 | 117 | Jul 29, 2011 | 184 |
| -3.14% | Sep 30, 2016 | 55 | Dec 16, 2016 | 157 | Aug 3, 2017 | 212 |
Volatility
Volatility Chart
The current PIA MBS Bond Fund volatility is 1.49%, 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.