14 important things you should know about PIA Mutual Funds PIASX mutual fund

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

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

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

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

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

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

Fact Sheet

1. Describe Advisors Series Trust: PIA Short-Term Securities Fund; Advisor Class Shares (PIASX).

The Fund seeks a high level of current income, consistent with low volatility of principal through investing in short-term adjustable rate and floating rate securities. The Fund is a diversified investment company that invests at least 80% of its net assets in short-term securities having duration of less than 3 years.

2. What are PIASX top holdings?

PIASX has 0 stock holdings and 113 bond holdings.

The top 8 holdings represent 28.06% of total assets. Here are the top holdings:

Name Symbol % Assets
United States Treasury Notes 2.38% N/A 4.67%
United States Treasury Notes 2.25% N/A 4.32%
United States Treasury Notes 2.13% N/A 4.02%
United States Treasury Notes 1.75% N/A 3.37%
United States Treasury Notes 2% N/A 3.31%
United States Treasury Notes 1.5% N/A 3.28%
United States Treasury Notes 2.88% N/A 2.72%
United States Treasury Notes 1.63% N/A 2.37%

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

PIASX has generated the following returns:

  • 1-month return is 0.44%;
  • 3-month return is 0.54%;
  • 1-year return is 2.70%;
  • 3-year return is 1.91%;
  • 5-year return is 1.47%;
  • 10-year return is 1.00%;
  • 15-year return is 1.84%.

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

In the last 10 years, PIASX had 10 up years and 0 down years.

5. What is PIASX dividend yield?

PIASX yield is 2%.

6. What is PIASX minimum initial investment amount?

PIASX minimum initial investment amount is $1.00K.

7. What is PIASX expense ratio?

PIASX expense ratio is 0.39%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

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

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

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

  • 1-year ax cost ratio is 0.8%;
  • 3-year ax cost ratio is 0.68%.

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

  • 3-year beta is 0.12;
  • 5-year beta is 0.11;
  • 10-year beta is 0.09;
  • 15-year beta is 0.11.

11. What is PIASX Sharpe ratio?

  • 3-year Sharpe ratio is -0.17;
  • 5-year Sharpe ratio is 0.26;
  • 10-year Sharpe ratio is 0.70.

Analysis

12. What is PIASX Finny Score? PIASX buy or sell?

PIASX Finny Score is 80. Our quantitative analysis shows 8 reasons to buy PIASX and 2 reasons to sell it, resulting in the Finny Score of 80.

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

The following are PIASX strengths from our perspective:

  • PIASX 5-year return is 1.47%, which is in line with the 5-year return of the benchmark index (ICE BofA 1-Year US Treasury Note TR USD), 1.55%.
  • PIASX 10-year return is 1%, which is higher than the 10-year return of the benchmark index (ICE BofA 1-Year US Treasury Note TR USD), 0.97%.
  • PIASX 15-year return is 1.84%, which is higher than the 15-year return of the benchmark index (ICE BofA 1-Year US Treasury Note TR USD), 1.82%.
  • Good news: this fund does not have 12b1, front-end or back-end sales fees.
  • PIASX 3-year Beta is 0.12, which is inversely correlated with the index (BBgBarc US Agg Bond TR USD). The could be good if you're trying to hedge your portfolio.
  • PIASX 5-year Beta is 0.11, which is inversely correlated with the index (BBgBarc US Agg Bond TR USD). The could be good if you're trying to hedge your portfolio.
  • PIASX 10-year Beta is 0.09, which is inversely correlated with the index (BBgBarc US Agg Bond TR USD). The could be good if you're trying to hedge your portfolio.
  • PIASX 15-year Beta is 0.11, which is inversely correlated with the index (BBgBarc US Agg Bond TR USD). The could be good if you're trying to hedge your portfolio.

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

The following are PIASX weaknesses from our perspective:

  • PIASX net assets are $161.80 million. This fund is not a popular choice with retail investors.
  • PIASX 3-year return is 1.91%, which is lower than the 3-year return of the benchmark index (ICE BofA 1-Year US Treasury Note TR USD), 2.28%.
In the PIASX review, we covered PIASX 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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