Performance Trust Municipal Bond Fund - A Class

Frequently Asked Questions About PTRMX

What does PTRMX invest in?

The fund's primary objective is to generate substantial current income that is largely exempt from federal income taxes, all while striving to preserve capital. To achieve this, it commits a minimum of 80% of its net assets to high-quality (investment-grade) municipal bonds, which offer interest income free from standard federal taxation. The portfolio manager has the flexibility to allocate up to 20% of assets into municipal securities rated below investment-grade. Separately, up to 20% of the portfolio may also be invested in securities generating income that is subject to federal income tax. Furthermore, the fund is permitted to invest up to 20% of its net assets in other collective investment vehicles, such as closed-end funds (CEFs) and exchange-traded funds (ETFs).

What is the expense ratio of PTRMX?

Performance Trust Municipal Bond Fund - A Class (PTRMX) charges an expense ratio of 0.73%. This is the annual fee deducted from fund assets to cover management and operations.

What is PTRMX's dividend yield?

PTRMX's trailing-twelve-month yield is 3.79%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of PTRMX?

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

What is the credit quality of PTRMX?

PTRMX'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 PTRMX?

Yield to maturity (YTM) is the total return you'd earn from PTRMX if every bond in the portfolio is held to maturity at the current price. PTRMX'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.