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Morningstar

PIA High Yield (MACS) Mgd Acct Cmpltn PIAMX

Morningstar Medalist Rating
Medalist Rating as of | See Pacific Income Advisers (PIA) Investment Hub
  • NAV / 1-Day Return 8.68  /  +0.12 %
  • Total Assets 176.0 Mil
  • Adj. Expense Ratio
    0.200%
  • Expense Ratio 0.200%
  • Distribution Fee Level Low
  • Share Class Type No Load
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity Low/Limited
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 8.23%
  • Effective Duration 3.10 years

USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 2024, 10:17 PM GMT+0

Morningstar’s Analysis PIAMX

Will PIAMX outperform in 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 PIAMX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PIAMX 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 PIAMX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A decline in People Pillar rating is the primary driver of PIA High Yield(MACS) Mgd Acct Cmpltn's downgrade to a Morningstar Medalist Rating of Silver from Gold.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a cost advantage over competitors, priced within the least expensive fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings PIAMX

More PIAMX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 13.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Fidelity Inv MM Government I

4.61 7.8 Mil
Cash and Equivalents

Verde Purchaser LLC 10.5%

1.69 2.9 Mil
Corporate

Neon Holdings Inc 10.13%

1.46 2.5 Mil
Corporate

ITT Holdings LLC 6.5%

1.45 2.4 Mil
Corporate

TMS International Corp 6.25%

1.42 2.4 Mil
Corporate

VistaJet Malta Finance PLC /XO Management Holding Inc. 6.38%

1.37 2.3 Mil
Corporate

Pitney Bowes Inc. 6.88%

1.34 2.3 Mil
Corporate

WASH Multifamily Acquisition Inc 5.75%

1.29 2.2 Mil
Corporate

Compass Minerals International Inc. 6.75%

1.28 2.2 Mil
Corporate

Consensus Cloud Solutions Inc 6.5%

1.27 2.1 Mil
Corporate