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Morningstar

Performance Trust Strategic Bond PTIAX

Morningstar Medalist Rating
Medalist Rating as of | See Performance Trust Asset Management Investment Hub
  • NAV / 1-Day Return 19.21  /  0.68 %
  • Total Assets 5.7 Bil
  • Adj. Expense Ratio
    0.750%
  • Expense Ratio 0.750%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 4.12%
  • Effective Duration 5.85 years

USD | NAV as of Dec 01, 2023 | 1-Day Return as of Dec 01, 2023, 11:25 PM GMT+0

Morningstar’s Analysis PTIAX

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

People Pillar

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

A lowering of People Pillar rating is the primary driver of Performance Trust Strategic Bond's downgrade to a Morningstar Medalist Rating of Bronze from Gold.

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-costliest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings PTIAX

More PTIAX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 1352
  • Other Holdings 6
  • % Assets in Top 10 Holdings 10.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Bonds 4%

2.52
141,943,750
Government

United States Treasury Bonds 3.88%

2.39
134,801,562
Government

United States Treasury Bonds 3.88%

2.31
130,335,938
Government

United States Treasury Bonds 4.38%

0.83
46,625,000
Government

First American Government Obligs X

0.69
38,573,075
Cash and Equivalents

United States Treasury Bonds 2.38%

0.61
34,549,804
Government

CALIFORNIA ST 7.55%

0.59
33,008,265
municipal

United States Treasury Bonds 3.38%

0.58
32,397,656
Government

United States Treasury Bonds 3.25%

0.35
19,912,598
Government

EXETER AUTOMOBILE RECEIVABLES TRUST 2022-2 3.65%

0.35
19,820,338
Securitized