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15 important things you should know about PIA Mutual Funds PBBBX mutual fund

Updated: September 18, 2020
86
Bull Case
  • 3-year return above the benchmark
  • 5-year return above the benchmark
  • 10-year return above the benchmark
  • 15-year return above the benchmark
  • Low expense ratio
  • No sales load or distribution fees
Bear Case
  • Low net assets

Before we start: if you’re looking for PBBBX “stock” price, you can quickly find it out by visiting Finny and typing "PBBBX quote". If you’re looking for a quick scoop on PBBBX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "PBBBX". You’ll get all this info in one place.

Are you looking to buy or sell PBBBX? Or perhaps you’re looking for PBBBX fact sheet, and learn about its alternatives? If so, you came to the right place.

In this PBBBX mutual fund review, we’ll address key questions our readers have been asking us about this fund, above and beyond what you can find in its prospectus, and on Morningstar or Yahoo Finance.

Here is what you’ll be able to find in this review:

  • Fact Sheet: PBBBX performance, returns, expense ratio, holdings and dividend yield;
  • Analysis: PBBBX buy or sell; the pros and cons of investing in PBBBX mutual fund;
  • Alternatives: other ETFs and mutual funds you should consider as alternatives to PBBBX.

And here is the list of questions we’ll answer:

  1. Describe Advisors Series Trust: PIA BBB Bond Fund; Managed Account Completion Shares (PBBBX).
  2. What are PBBBX holdings?
  3. What is PBBBX performance? What are PBBBX historical returns?
  4. How many up and down years did PBBBX have historically?
  5. What is PBBBX dividend yield?
  6. What is PBBBX minimum initial investment amount?
  7. What is PBBBX expense ratio?
  8. Does PBBBX have any sales loads or 12b-1 distribution expenses?
  9. What is PBBBX tax efficiency (tax-cost ratio)?
  10. What is PBBBX beta? How would you assess PBBBX risk?
  11. What is PBBBX Sharpe ratio?
  12. What is PBBBX Finny Score? PBBBX buy or sell?
  13. What are the pros of investing in PBBBX? What are PBBBX buy reasons?
  14. What are the cons of investing in PBBBX? What are PBBBX sell reasons?

So let’s start. Scroll down to the question that interests you the most.

Fact Sheet

1. Describe Advisors Series Trust: PIA BBB Bond Fund; Managed Account Completion Shares (PBBBX).

The Fund seeks to provide a total rate of return that approximates that of bonds rated within the BBB category. The Fund invests at least 80% of its net assets in bonds rated BBB by Standard & Poors, Baa by Moodys or BBB by Fitch. The BBB-rated bonds are defined by the Bloomberg Barclays index methodology.

2. What are PBBBX top holdings?

PBBBX has 0 stock holdings and 159 bond holdings.

The top 10 holdings represent 15.53% of total assets. Here are the top holdings:

Name Symbol % Assets
United States Treasury Bonds 2.25% N/A 3.01%
Mexico (United Mexican States) 4.75% N/A 1.94%
Verizon Communications Inc. 4.86% N/A 1.52%
Philippines (Republic Of) 5% N/A 1.50%
CSX Corporation 6.22% N/A 1.40%
Zions Bancorporation Natl Assn Global Bank 3.25% N/A 1.31%
Delta Air Lines Inc 2.9% N/A 1.24%
Anheuser-Busch InBev Worldwide Inc. 4% N/A 1.22%
Conagra Brands Inc 7% N/A 1.21%
The Republic of Peru 6.55% N/A 1.18%

3. What is PBBBX performance? What are PBBBX historical returns?

PBBBX has generated the following returns:

  • 1-month return is -1.40%;
  • 3-month return is 4.34%;
  • 1-year return is 7.22%;
  • 3-year return is 6.63%;
  • 5-year return is 6.23%;
  • 10-year return is 5.52%;
  • 15-year return is 5.75%.

4. How many up and down years did PBBBX have historically?

In the last 10 years, PBBBX had 7 up years and 3 down years. See Performances

5. What is PBBBX dividend yield?

PBBBX yield is 3.78%.

6. What is PBBBX minimum initial investment amount?

PBBBX minimum initial investment amount is N/A.

7. What is PBBBX expense ratio?

PBBBX expense ratio is 0.17%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses. See Expenses

8. Does PBBBX have any sales loads or 12b-1 distribution expenses?

PBBBX 12b-1 distribution fee is 0. PBBBX front-end sales load is 0. PBBBX back-end sales load is 0.

9. What is PBBBX tax efficiency (tax-cost ratio)?

  • 1-year ax cost ratio is 1.44%;
  • 3-year ax cost ratio is 1.57%.

See Taxes

10. What is PBBBX beta? How would you assess PBBBX risk?

  • 3-year beta is 1.47;
  • 5-year beta is 1.42;
  • 10-year beta is 1.45.

See Risks

11. What is PBBBX Sharpe ratio?

  • 3-year Sharpe ratio is 0.62;
  • 5-year Sharpe ratio is 0.70;
  • 10-year Sharpe ratio is 0.89.

See Risks

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 86. Our quantitative analysis shows 6 reasons to buy and 1 reason to sell it, resulting in the Finny Score of 86.

13. What are the pros of investing in PBBBX? What are PBBBX buy reasons?

The following are PBBBX strengths from our perspective:

  • <strong>PBBBX 3-year return</strong> is 6.63%, which is higher than the 3-year return of the benchmark index (Bloomberg Barclays US Credit Baa TR USD), 6.56%.
  • <strong>PBBBX 5-year return</strong> is 6.23%, which is in line with the 5-year return of the benchmark index (Bloomberg Barclays US Credit Baa TR USD), 6.38%.
  • <strong>PBBBX 10-year return</strong> is 5.52%, which is in line with the 10-year return of the benchmark index (Bloomberg Barclays US Credit Baa TR USD), 5.71%.
  • <strong>PBBBX 15-year return</strong> is 5.75%, which is in line with the 15-year return of the benchmark index (Bloomberg Barclays US Credit Baa TR USD), 6.03%.
  • <strong>PBBBX expense ratio</strong> is 0.17%, which is considered low. Nice job picking a low-cost fund.
  • Good news: this fund does not have 12b1, front-end or back-end sales fees.

14. What are the cons of investing in PBBBX? What are PBBBX negatives?

The following are PBBBX weaknesses from our perspective:

  • <strong>PBBBX net assets</strong> are $142.30 million. This fund is not a popular choice with retail investors.
In the PBBBX review, we covered PBBBX key stats (return, performance, yield, expense ratio, and holdings), buy and sell analysis, and alternative investments. If this review was helpful to you, feel free to check out other mutual fund and ETF reviews.
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