About PHYSX
PIA High Yield Fund Institutional Class is a mutual fund designed for institutional investors seeking a high level of current income through investments primarily in high yield bonds. Its primary objective focuses on generating elevated income, with capital growth as a secondary aim when aligned with the main goal. The fund invests predominantly in non-investment grade, fixed-rate debt, including corporate bonds from industrial, utility, and finance sectors, as well as cash equivalents and miscellaneous bonds. Top holdings typically feature a significant allocation to diverse high yield securities and liquidity positions, comprising around 89-90% in bonds. Managed within the high yield bond category, it benchmarks against the Bloomberg U.S. Corporate High Yield Index, which tracks U.S. and select global non-emerging market high yield corporates, excluding certain structures like Eurobonds from emerging markets. With a relatively low expense profile, the fund maintains moderate portfolio turnover and emphasizes credit sectors for income generation. Pacific Income Advisers oversees the strategy, distributing through established channels to serve institutional needs in pursuit of superior fixed income yields.
Fund Family PIA Mutual Funds
Category High Yield Bond
Performance Rating Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol PHYSX
Share Class Institutional Class
Index Bloomberg U.S. Corporate High Yield TR
PHYSX had a total return of 2.31% in the past year, including dividends.
Since the fund's inception, the average annual return has been 7.53%.
