# Performance Trust Municipal Bond Fund - A Class (PTRMX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/ptrmx 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: 2012-09-28 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... ## Key Facts | Metric | Value | |---|---| | Price | $21.83 | | Expense Ratio | 0.73% | | Assets Under Management | $716.0M | | NAV | $21.83 | | Holdings Count | — | | Distribution Yield (TTM) | 3.79% | | Annual Distribution (TTM) | $0.83 /share | | Distribution Frequency | Monthly | | 52-Week Range | $21.26 – $23.28 | | Beta | 1.24 | ## Latest Distribution - Amount: $0.0704 /share - Ex-date: 2026-10-15 - Pay date: 2026-10-15 ## Frequently Asked Questions ### 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. ### Does PTRMX pay a dividend? Yes, Performance Trust Municipal Bond Fund - A Class (PTRMX) distributes dividends to shareholders. The trailing-twelve-month yield is 3.79%. Full dividend history is on this page. ### How often does PTRMX pay dividends? Performance Trust Municipal Bond Fund - A 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 PTRMX's next ex-dividend date? The most recently announced ex-dividend date for PTRMX 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 PTRMX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.73% 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 PTRMX charge its expense ratio? The expense ratio is deducted in tiny daily slices from PTRMX'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 PTRMX cost more than a fund like VOO? PTRMX's strategy (current expense ratio 0.73%) 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 PTRMX sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to PTRMX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as PTRMX (0.73%) 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/ptrmx - Distribution history: https://www.dividenddata.com/funds/ptrmx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/ptrmx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/ptrmx/expenses - Peer comparison: https://www.dividenddata.com/funds/ptrmx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.