PIASX Performance — PIA Short-Term Securities Fund, Advisor Class
Data updated: 2026-07-24
PIASX returned +1.09% year to date and +4.13% over one year to May 2026. Annualised returns are +5.08% over 3 years and +3.11% over 5 years. The fund trailed its Ultrashort Core Bond category average: $100 invested three years ago grew to $116, against $117 for the category, and to $104 over one year, against $105. Volatility over the past three years was 0.94% a year. In the 12 months to May 2026 the fund took in a net $30.2M, and assets reached $183.53M.
PIASX Growth of $100
What $100 invested in PIA Short-Term Securities Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Ultrashort Core Bond category average over the same months.
| Period | PIASX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $104 | $105 |
| 3 years (Jun 2023 – May 2026) | $116 | $117 |
| 5 years (Jun 2021 – May 2026) | $117 | $118 |
| Since data start (Mar 2020 – May 2026) | $118 | $120 |
PIASX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.09% |
| 1 year | +4.13% |
| 3 years (annualised) | +5.08% |
| 5 years (annualised) | +3.11% |
PIASX Annual Returns
Calendar-year total returns of PIA Short-Term Securities Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +1.09% |
| 2025 | +5.08% |
| 2024 | +5.23% |
| 2023 | +5.64% |
| 2022 | −1.02% |
| 2021 | −0.03% |
| 2020 (Mar–Dec) | +1.14% |
PIASX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.3% | +0.4% | −0.2% | +0.4% | +0.2% | — | — | — | — | — | — | — |
| 2025 | +0.4% | +0.5% | +0.3% | +0.5% | +0.3% | +0.6% | +0.2% | +0.7% | +0.5% | +0.2% | +0.4% | +0.4% |
| 2024 | +0.4% | −0.1% | +0.6% | 0.0% | +0.6% | +0.5% | +0.9% | +0.9% | +0.7% | −0.1% | +0.5% | +0.2% |
| 2023 | +0.7% | +0.1% | +0.2% | +0.5% | +0.2% | +0.3% | +0.5% | +0.4% | +0.2% | +0.4% | +1.0% | +0.9% |
| 2022 | −0.3% | −0.4% | −0.7% | −0.2% | +0.1% | −0.4% | +0.3% | +0.1% | −0.4% | −0.1% | +0.5% | +0.4% |
| 2021 | +0.2% | 0.0% | 0.0% | +0.1% | +0.1% | 0.0% | +0.1% | +0.1% | 0.0% | −0.1% | −0.1% | 0.0% |
| 2020 | — | — | −0.6% | +0.8% | +0.3% | +0.2% | +0.1% | +0.1% | 0.0% | 0.0% | +0.2% | +0.1% |
PIASX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 0.94%
- 3-year Sharpe ratio: 0.62 (vs 4.5% risk-free rate)
- Best month: +0.99% (Nov 2023)
- Worst month: −0.23% (Mar 2026)
PIASX Fund Flows
Monthly money in and out of PIA Short-Term Securities Fund, from SEC Form N-PORT.
- 12-month net flow: $30.2M
- 12-month gross sales (incl. reinvestments): $36.2M
- Sales ÷ redemptions: 6.05×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $691K | $51K | $640K |
| Apr 2026 | $656K | $167K | $490K |
| Mar 2026 | $653K | $281K | $372K |
| Feb 2026 | $657K | $156K | $501K |
| Jan 2026 | $738K | $253K | $485K |
| Dec 2025 | $797K | $2.7M | −$1.9M |
| Nov 2025 | $29.0M | $103K | $28.9M |
| Oct 2025 | $641K | $132K | $509K |
| Sep 2025 | $557K | $357K | $200K |
| Aug 2025 | $541K | $62K | $479K |
| Jul 2025 | $654K | $1.6M | −$950K |
| Jun 2025 | $556K | $107K | $449K |
PIASX Assets Under Management
Net assets of PIA Short-Term Securities Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $183.53M |
| 2026-02-28 | $183.26M |
| 2025-11-30 | $184.14M |
| 2025-08-31 | $154.46M |
| 2025-05-31 | $153.99M |
| 2025-02-28 | $153.35M |
| 2024-11-30 | $159.78M |
| 2024-08-31 | $155.61M |
| 2024-05-31 | $145.17M |
| 2024-02-29 | $143.45M |
| 2023-11-30 | $139.30M |
| 2023-08-31 | $132.55M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.