PTIMX

About PTIMX

Performance Trust Municipal Bond Fund – Institutional Class is an open-end mutual fund specializing in municipal bonds, with a primary focus on providing a high level of current interest income that is largely exempt from regular federal income tax. The fund allocates at least 80% of its net assets to investment-grade municipal securities issued by state and local governments, supporting a range of public infrastructure projects and essential services. Up to 20% of assets may be allocated to below investment-grade municipal securities, as well as to other income-generating assets, including closed-end funds and ETFs, offering some diversification and potential for enhanced yield. The fund’s portfolio is diversified across states and sectors, reflecting a medium to extensive approach to both credit quality and interest rate sensitivity, with an effective duration typically around 7.9 years. It routinely holds hundreds of securities, with the top ten holdings making up about 13–18% of total assets. Its income distributions are made monthly and the fund has historically maintained an attractive yield relative to similar funds in the municipal bond category. The Performance Trust Municipal Bond Fund plays a significant role for institutional and high-net-worth investors seeking federally tax-exempt income through exposure to U.S. municipal bonds.