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Morningstar

Performance Trust Multisector Bd Inst PTCRX

Morningstar Medalist Rating
Medalist Rating as of | See Performance Trust Asset Management Investment Hub
  • NAV / 1-Day Return 8.82  /  −0.06 %
  • Total Assets 113.2 Mil
  • Adj. Expense Ratio
    1.000%
  • Expense Ratio 1.000%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Multisector Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 6.03%
  • Effective Duration 4.54 years

USD | NAV as of May 16, 2024 | 1-Day Return as of May 16, 2024, 10:21 PM GMT+0

Morningstar’s Analysis PTCRX

Will PTCRX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PTCRX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PTCRX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PTCRX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Strength in Performance Trust Multisector Bd Inst's Process Pillar is partially offset by an Average People Pillar rating, leading to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings PTCRX

More PTCRX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 14.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

First American Government Obligs X

5.27 5.7 Mil
Cash and Equivalents

United States Treasury Bonds 4.75%

2.21 2.4 Mil
Government

United States Treasury Bonds 3.88%

1.71 1.8 Mil
Government

Western Alliance Bank 5.25%

1.31 1.4 Mil
Corporate

EXETER AUTOMOBILE RECEIVABLES TRUST 2.9%

1.31 1.4 Mil
Securitized

BMO 2023-C7 MORTGAGE TRUST 0.81%

1.30 1.4 Mil
Securitized

BENCHMARK 2024-V6 MORTGAGE TRUST 1.58%

1.30 1.4 Mil
Securitized

Ford Motor Credit Company LLC 7.35%

1.23 1.3 Mil
Corporate

Morgan Stanley Capital 4.28%

1.23 1.3 Mil
Securitized

BENCHMARK MORTGAGE TRUST 1.49%

1.22 1.3 Mil
Securitized