PTRMX

About PTRMX

Performance Trust Municipal Bond Fund - A Class is a mutual fund designed to provide investors with a high level of current income that is typically exempt from regular federal income tax. The fund primarily invests at least 80% of its net assets in investment-grade municipal bonds issued by states and local governments, which are used to finance public projects such as schools, transportation, and utilities. Classified in the muni national intermediate category, its portfolio duration generally ranges from 4 to 6 years, balancing interest rate sensitivity and yield expectations. The fund diversifies across various regions and sectors, reducing exposure to any single issuer and helping manage credit risk. By focusing on bonds with strong credit quality—rated in the highest four ratings tiers by nationally recognized agencies—it aims for stability and lower default risk, though it may allocate a portion to below investment-grade securities for additional yield. This fund plays a significant role for investors seeking federally tax-exempt interest income and serves as a strategic tool for tax-sensitive portfolios.