# Performance Trust Total Return Bond Fund-Institutional Class (PTIAX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/ptiax for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Performance Trust · Asset class: Bond - Strategy: Thematic · Inception: 2010-08-31 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. ## Key Facts | Metric | Value | |---|---| | Price | $19.06 | | Expense Ratio | 0.75% | | Assets Under Management | $9.99B | | NAV | $19.06 | | Holdings Count | — | | Distribution Yield (TTM) | 4.97% | | Annual Distribution (TTM) | $0.95 /share | | Distribution Frequency | Monthly | | 52-Week Range | $18.75 – $20.26 | | Beta | 0.92 | ## Latest Distribution - Amount: $0.0873 /share - Ex-date: 2026-10-15 - Pay date: 2026-10-15 ## Frequently Asked Questions ### 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. ### Does PTIAX pay a dividend? Yes, Performance Trust Total Return Bond Fund-Institutional Class (PTIAX) distributes dividends to shareholders. The trailing-twelve-month yield is 4.97%. Full dividend history is on this page. ### How often does PTIAX pay dividends? Performance Trust Total Return Bond Fund-Institutional Class pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is PTIAX's next ex-dividend date? The most recently announced ex-dividend date for PTIAX was 2026-10-15. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will PTIAX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.75% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does PTIAX charge its expense ratio? The expense ratio is deducted in tiny daily slices from PTIAX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does PTIAX cost more than a fund like VOO? PTIAX's strategy (current expense ratio 0.75%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where PTIAX sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to PTIAX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as PTIAX (0.75%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/ptiax - Distribution history: https://www.dividenddata.com/funds/ptiax/dividend - Holdings & diversification: https://www.dividenddata.com/funds/ptiax/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/ptiax/expenses - Peer comparison: https://www.dividenddata.com/funds/ptiax/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.