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PIA High Yield (MACS) Fund Managed Account Completion Shares PIAMX

See Pacific Income Advisers (PIA) Investment Hub

Strategy

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.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
PIAMX	PIA High Yield (MACS) Fund Managed Account Completion Shares	No Load	Open	—	—	Dec 26, 2017	$180.37M	0.180%	High	$1,000	−$687,110.72

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