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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 19.32  /  0.68 %
  • Total Assets 5.4 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 —
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 3.85%
  • Effective Duration —

USD | NAV as of May 30, 2023 | 1-Day Return as of May 30, 2023, 10:29 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.

null Morningstar Manager Research

Morningstar Manager Research

Summary

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.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings PTIAX

More PTIAX Holdings
  • 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