Performance Trust Short Term Bond ETF

Frequently Asked Questions About STBF

What does STBF invest in?

STBF is the first ETF to be offered by PT Asset Management. The fund utilizes an actively managed, value-oriented strategy to seek investments with superior risk-reward characteristics in terms of price, interest rate sensitivity, and credit quality. The fund may invest in a broad range of fixed-income securities including US government bonds, corporate obligations, mortgage-backed and asset-backed securities, inverse floaters, collateralized debt obligations, zero-coupon bonds, and cash. The fund adviser builds the portfolio with an initial target dollar-weighted average duration of 4 years or less. The fund primarily holds investment grade securities, but it may invest up to 30% of its assets in below investment grade securities. The fund may utilize derivatives to gain exposure and hedge risks. The fund adviser evaluates new investments, sectors, and allocations on a daily basis. Due to the fund's strategy, it may engage in active and frequent trading.

What is the expense ratio of STBF?

Performance Trust Short Term Bond ETF (STBF) charges an expense ratio of 0.65%. This is the annual fee deducted from fund assets to cover management and operations.

How big is STBF?

Performance Trust Short Term Bond ETF (STBF) manages $127.9M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is STBF actively managed or an index fund?

STBF is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (STBF's is 0.65%) in exchange for the discretion to over- or under-weight positions.

When was STBF launched?

Performance Trust Short Term Bond ETF (STBF) launched in April 2024 and is managed by Performance Trust.

How has STBF performed?

STBF's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.