|
Overall Morningstar
Rating™ |
| What is this? |
 |
 |
| As of 2009-10-31 |
|
Out of
Ultrashort Bond Funds |
|
| Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance. |
|
|
|
Morningstar®
Style Box™ |
| What is this? |
|
 |
|
Avg Duration |
|
|
0.90 Yrs
|
|
|
|
Avg Credit Quality |
|
|
AAA |
|
| As of
2009-09-30 |
|
|
| Day Change |
| $ 0.00 |
|
|
| NAV (2009-11-20) |
| $ 10.12 |
|
|
| YTD Return % (2009-11-20) |
| 1.94% |
|
|
| Total Assets ($ mil) |
| 157 |
|
| Growth of $10,000 |
 |
Fund: |
PIA Short Term Securities |
| (from
1999-01-01
to 2009-10-31) |
 |
Category: |
Ultrashort Bond |
|
 |
Index: |
BarCap US Agg Bond TR USD |
| Total Annualized Returns % |
1yr, 3yr and 5yr Returns as of 2009-11-20 |
| Inception date: 1994-04-29 |
10yr and Inception Returns as of 2009-10-31 |
|
YTD Returns as of 2009-11-20 |
|
|
YTD |
1 Year |
3 Year |
5 Year |
10 Year |
Since Inception |
| Fund |
1.94 |
2.61 |
4.00 |
3.71 |
3.93 |
4.68 |
| +/- Category |
-5.53 |
-1.95 |
3.23 |
1.88 |
0.86 |
--- |
| +/- BarCap US Agg Bond TR USD |
-4.97 |
-9.88 |
-2.45 |
-1.56 |
--- |
--- |
|
|
| Standardized Annual Returns % more on standardized returns |
| Quarter-End (as of
2009-09-30) |
1.65 |
2.93 |
4.15 |
3.67 |
3.95 |
4.70 |
| Month-End (as of 2009-10-31) |
1.73 |
2.81 |
4.03 |
3.65 |
3.93 |
4.68 |
|
|
| After Tax Returns % (as of
2009-09-30
)
|
| On Distribution |
--- |
2.10 |
2.76 |
2.38 |
2.47 |
--- |
| On Distribution & Sale of Shares |
--- |
1.82 |
2.69 |
2.37 |
2.47 |
--- |
|
|
| Morningstar Rating |
--- |
--- |
 |
|
|
--- |
|
| # of compared funds covered (3 yrs : out of 114 funds), (5 yrs : out of 101 funds), (10 yrs : out of 51 funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is
none,
the maximum deferred sales fee is
none,
and the maximum redemption sales fee is
none. |
|
| The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted herein. |
|
|
|
|
| Sector Breakdown % |
|
| US Government |
35.67 |
| US Treasuries |
11.72 |
| TIPS |
0.00 |
| US Agency |
23.95 |
|
|
|
| Mortgage |
13.83 |
| Mortgage Pass-Thru |
13.83 |
| Mortgage CMO |
0.00 |
| Mortgage ARM |
0.00 |
|
|
|
| Credit |
2.73 |
| US Corporate |
2.73 |
| Asset-Backed |
0.00 |
| Convertible |
0.00 |
| Municipal |
0.00 |
| Corporate Inflation-Protected |
0.00 |
|
|
|
| Foreign |
0.25 |
| Foreign Corp |
0.25 |
| Foreign Govt |
0.00 |
|
|
|
| Cash |
47.52 |
|
| Bond Quality |
% of Bonds |
| AAA |
95.7 |
| AA |
1.0 |
| A |
3.3 |
| BBB |
0.0 |
| BB |
0.0 |
| B |
0.0 |
| Below B |
0.0 |
| Not Rated |
0.0 |
|
|
|
|
|
| |
|
|
| Asset Allocation |
|
 |
|
| % of Net Assets |
 |
Cash |
47.4 |
 |
Stocks |
0.3 |
|
Bonds |
52.3 |
 |
Other |
0.0 |
|
|
|
Foreign Stocks |
0.0 |
|
(as a % of Assets) |
|
|
| Data through 2009-09-30 |
Data through 2009-09-30 |
 |
| Holding Status |
|
| Total Number of Stock Holdings |
1 |
|
Turnover % |
47 |
| Total Number of Bond Holdings |
72 |
|
30 Day SEC Yield % |
3.93 |
| % of Assets in Top 10 Holdings |
37.94 |
|
ending as of
2009-09-30 |
|
|
|
|
View Data Definitions |
| Top 10 Holdings |
Maturity
Date |
Amount
$000 |
Value
$000 |
% of Net
Assets |
|
|
|
|
|
|
 |
FNMA |
--- |
12,000 |
11,976 |
7.64 |
|
FNMA |
--- |
10,000 |
9,997 |
6.37 |
|
United States Treas Nts 1.5% |
2012-07-15 |
9,000 |
9,048 |
5.77 |
 |
Fidelity Instl MM Fds Government I |
--- |
8,376 |
8,376 |
5.34 |
|
FNMA |
--- |
7,500 |
7,497 |
4.78 |
|
 |
|
US TREASURY NOTE |
2010-10-31 |
6,000 |
6,069 |
3.87 |
|
FHLBA |
--- |
5,000 |
5,000 |
3.19 |
|
US Treasury Note 4.875% |
2011-07-31 |
3,000 |
3,221 |
2.05 |
|
FHLBA |
--- |
3,000 |
2,988 |
1.91 |
|
FNMA FRN |
2037-03-01 |
2,005 |
2,079 |
1.33 |
|
|
 |
Data through 2009-09-30 |
|
|
|
| Fund Inception: 1994-04-29 |
|
Portfolio Manager (Start Date) |
|
|
|
|
|
Bistra Pashamova (1998-08-31) |
|
|
|
B.A. Cum Laude in Economics and International Studies, Denison University (Presidential Medalist), and M.A. in Economics, research fellow, University of Southern California. |
|
|
|
|
|
Evangelos Karagiannis (2008-03-31) |
|
|
|
Mr. Karagiannis is a portfolio manager and member of the Bond Strategy Group. Prior to joining PIA he served as a Post Doctoral Fellow at the University of California at Los Angeles where he studied as a Fulbright Scholar. Evangelos earned a Bachelor of Science in Physics from the University of Athens, Greece; and M.S., Ph.D. from the University of California at Los Angeles. |
|
|
|
|
|
Lloyd McAdams (2008-03-31) |
|
|
|
McAdams is chairman and chief investment officer of Pacific Income Advisers, his employer since 1986. Previously, he spent five years as chair and chief investment officer at Security Pacific Investment Managers, and five years with Trust Company of the West, where he served as a vice president.
McAdams holds the Chartered Financial Analyst designation, Chartered Investment Counselor designation, and Certified Employee Benefit Specialist designation. |
|
|
|
|
Sales Charge %
(taken from prospectus dated 2009-03-30) |
| Front: |
None |
| Deferred: |
None |
|
| Expense Ratio % |
0.35 |
based on net assets
(taken from annual report dated 2008-11-30)
|
|
| Correspondence Information |
Pacific Income Advisers
1299 Ocean Avenue, Second Floor
Santa Monica,
CA
90401
United States |
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