Morningstar

PIA High Yield Fund Institutional Class PHYSX

Morningstar Medalist Rating
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Medalist Rating as of See Pacific Income Advisers (PIA) Investment Hub
  • NAV / 1-Day Return $8.08  /  0.00
  • Fund Size $100.4M
  • Adjusted Expense Ratio 0.660%
  • Net Expense Ratio 0.650%
  • Fee Level: Distribution Average
  • Share Class Type Institutional
  • Morningstar Category High Yield Bond
  • Fixed-Income Style Box (Funds) —
  • Minimum Initial Investment $1,000
  • Investment Status Open
  • TTM Yield 8.23%
  • Average Effective Duration —
NAV and 1-Day Return as of

Morningstar’s Analysis PHYSX

Will PHYSX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PHYSX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PHYSX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PHYSX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

PIA High Yield Institutional holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings PHYSX

More PHYSX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 13.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

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Ardagh Metal Packaging Finance PLC / Ardagh Metal Packaging Finance USA LLC

1.73 2M
Corporate

Paradigm Parent LLC / Paradigm Parent Co-Issuer Inc. 8.75%

1.37 1M
Corporate

Innophos Holdings, Inc. 11.5%

1.33 1M
Corporate

Alta Equipment Group Inc 9%

1.30 1M
Corporate

CHC Group LLC / CHC Finance LTD 11.75%

1.27 1M
Corporate

Champions Financing Inc. 8.75%

1.27 1M
Corporate

TMS International Corp 6.25%

1.27 1M
Corporate

Ferrellgas, L.P. / Ferrellgas Finance Corp. 5.88%

1.26 1M
Corporate

Pods Llc 8.75%

1.25 1M
Corporate

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