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Morningstar

Performance Trust Municipal Bond A PTRMX

Morningstar Medalist Rating
Medalist Rating as of | See Performance Trust Asset Management Investment Hub
  • NAV / 1-Day Return 22.62  /  −0.09 %
  • Total Assets 715.3 Mil
  • Adj. Expense Ratio
    0.750%
  • Expense Ratio 0.750%
  • Distribution Fee Level Average
  • Share Class Type Front Load
  • Category Muni National Interm
  • Credit Quality / Interest Rate Sensitivity Medium/Extensive
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 3.51%
  • Effective Duration 7.21 years

USD | NAV as of Apr 18, 2024 | 1-Day Return as of Apr 18, 2024, 10:21 PM GMT+0

Morningstar’s Analysis PTRMX

Will PTRMX 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 PTRMX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PTRMX 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 PTRMX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Strength in Performance Trust Municipal Bond A'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 PTRMX

More PTRMX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 12.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

First American Government Obligs X

4.08 29.4 Mil
Cash and Equivalents

CENTRAL PUGET SOUND WASH REGL TRAN AUTH SALES TAX & MOTOR VEHICLE EXCISE TA

1.63 11.8 Mil
municipal

DISTRICT COLUMBIA INCOME TAX REV 5.5%

1.54 11.1 Mil
municipal

INDIANAPOLIS IND LOC PUB IMPT BD BK 6%

1.43 10.3 Mil
municipal

WASATCH CNTY UTAH SCH DIST LOC BLDG AUTH LEASE REV 5.5%

1.16 8.4 Mil
municipal

GEORGIA ST 5%

1.12 8.1 Mil
municipal

MASSACHUSETTS ST 5%

1.11 8.0 Mil
municipal

ALLEGHENY CNTY PA SAN AUTH SWR REV 5.75%

1.08 7.8 Mil
municipal

DENVER COLO CITY & CNTY ARPT REV 5.75%

1.08 7.8 Mil
municipal

PENNSYLVANIA ST 5%

1.05 7.5 Mil
municipal