Performance Trust Total Return Bond Fund-Institutional Class

Frequently Asked Questions About PTIAX

What does PTIAX invest in?

This fund's primary objective is to acquire fixed-income assets deemed undervalued, aiming to generate returns through both consistent interest payments and prospective capital appreciation. A minimum of 80% of its net assets are regularly channeled into fixed-income instruments. These investments may include a diverse array of mortgage-backed securities, specifically residential mortgage-backed securities (RMBS) across prime, subprime, and "Alt-A" first-lien mortgage sectors, alongside commercial mortgage-backed securities (CMBS), encompassing both traditional and interest-only types.

What is the expense ratio of PTIAX?

Performance Trust Total Return Bond Fund-Institutional Class (PTIAX) charges an expense ratio of 0.75%. This is the annual fee deducted from fund assets to cover management and operations.

What is PTIAX's dividend yield?

PTIAX's trailing-twelve-month yield is 4.97%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of PTIAX?

Effective duration measures PTIAX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. PTIAX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of PTIAX?

PTIAX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of PTIAX?

Yield to maturity (YTM) is the total return you'd earn from PTIAX if every bond in the portfolio is held to maturity at the current price. PTIAX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.