Pacific Income Advisers (PIA)

The longevity of the firm's product lineup has been impressive, demonstrated by a five-year risk-adjusted success ratio of 60%. This means 60% of products have both survived and beaten their respective category median on a risk-adjusted basis. A high success ratio indicates good performance and provides insight into a firm’s discipline around investment strategy and product development. The firm stands out from a cost perspective for its open-end and exchange-traded funds, demonstrating a firm-wide commitment to minimizing costs and maximizing investors' returns. On average, the firm's fees on its funds are in the second cheapest quintile of its category. Finally, the Pacific Income Advisers(PIA) portfolio management team has lacked continuity over the past five years, denoted by elevated levels of turnover, which bears watching.