Performance Trust Municipal Bond Fund - Institutional Class (PTIMX)
| Fund Assets | 764.61M |
| Expense Ratio | 0.48% |
| Min. Investment | $2,500 |
| Turnover | 62.00% |
| Dividend (ttm) | 0.89 |
| Dividend Yield | 3.88% |
| Dividend Growth | 5.47% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Feb 12, 2026 |
| Previous Close | 22.97 |
| YTD Return | 1.37% |
| 1-Year Return | 5.20% |
| 5-Year Return | 6.16% |
| 52-Week Low | 20.84 |
| 52-Week High | 23.22 |
| Beta (5Y) | 0.34 |
| Holdings | 244 |
| Inception Date | Jun 30, 2011 |
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.
Performance
PTIMX had a total return of 5.20% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.35%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FLUVX | Fidelity | Fidelity Advisor Municipal Income Fund - Class M | 0.75% |
| FKISX | Fidelity | Fidelity Advisor Municipal Income Fund - Class C | 1.50% |
| FROGX | Fidelity | Fidelity Advisor Municipal Income Fund - Class I | 0.50% |
| FUENX | Fidelity | Fidelity Flex Municipal Income Fund | n/a |
| FHIGX | Fidelity | Fidelity Municipal Income Fund | 0.43% |
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| PTRMX | - Class A | 0.73% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Feb 12, 2026 | $0.06404 | Feb 12, 2026 |
| Jan 14, 2026 | $0.02609 | Jan 14, 2026 |
| Dec 16, 2025 | $0.12485 | Dec 16, 2025 |
| Nov 14, 2025 | $0.0684 | Nov 14, 2025 |
| Oct 16, 2025 | $0.07616 | Oct 16, 2025 |
| Sep 16, 2025 | $0.08092 | Sep 16, 2025 |