A sound investment process and strong management team underpin Performance Trust Strategic Bond's Morningstar Medalist Rating of Silver. 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.
- NAV / 1-Day Return 19.32 / 0.68 %
- Total Assets 5.4 Bil
-
Adj. Expense Ratio
- Expense Ratio 0.750%
- Distribution Fee Level High
- Share Class Type Institutional
- Category Intermediate Core-Plus Bond
- Credit Quality / Interest Rate Sensitivity —
- Min. Initial Investment 2,500
- Status Open
- TTM Yield 3.85%
- Effective Duration —
Morningstar’s Analysis PTIAX
Will PTIAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
People Pillar
Parent Pillar
- Current Portfolio Date Mar 31, 2023
- Equity Holdings 0
- Bond Holdings 1315
- Other Holdings 6
- % Assets in Top 10 Holdings 8.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector
United States Treasury Bonds 4%
3.16
164,150,000
Government
First American Government Obligs X
1.54
80,010,873
Cash and Equivalents
United States Treasury Notes 1.5%
1.02
53,210,370
Government
United States Treasury Bonds 2.38%
0.77
40,160,156
Government
United States Treasury Bonds 3.38%
0.72
37,521,875
Government
CALIFORNIA ST 7.55%
0.70
36,322,146
municipal
United States Treasury Bonds 3.88%
0.68
35,259,766
Government
United States Treasury Bonds 3.25%
0.44
23,042,480
Government
SAN FRANCISCO CALIF CITY & CNTY REDEV FING AUTH TAX 5.75%
0.40
20,608,981
municipal
EXETER AUTOMOBILE RECEIVABLES TRUST 2022-2 3.65%
0.38
19,650,758
Securitized