Performance Trust Municipal Bond Fund - Institutional Class (PTIMX)
| Fund Assets | 710.74M |
| Expense Ratio | 0.491% |
| Min. Investment | $2,500 |
| Turnover | 62.00% |
| Dividend (ttm) | 0.89 |
| Dividend Yield | 4.03% |
| Dividend Growth | -0.69% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Oct 15, 2026 |
| Previous Close | 22.00 |
| YTD Return | -0.05% |
| 1-Year Return | 0.40% |
| 5-Year Return | 1.66% |
| 52-Week Low | 21.20 |
| 52-Week High | 23.22 |
| Beta (5Y) | 0.34 |
| Holdings | 214 |
| 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 0.40% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.46%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
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% |
Top 10 Holdings
22.21% of assets| Name | Symbol | Weight |
|---|---|---|
| First American Government Obligs X | FGXXX | 8.96% |
| DENVER COLO CITY & CNTY SCH DIST NO 1 5.5% | CO.DENSCD 5.5 12.01.2044 | 1.90% |
| CENTRAL PUGET SOUND WASH REGL TRAN AUTH SALES TAX & MOTOR VEHICLE EXCISE TA | WA.CEPTRN 5 11.01.2046 | 1.86% |
| INDIANAPOLIS IND LOC PUB IMPT BD BK 6% | IN.INPGEN 6 02.01.2048 | 1.69% |
| DOUGLAS CNTY COLO SCH DIST NO RE-1 DOUGLAS & ELBERT CNTYS 5.5% | CO.DOUSCD 5.5 12.15.2046 | 1.50% |
| DISTRICT COLUMBIA INCOME TAX REV 5.5% | DC.DISGEN 5.5 07.01.2047 | 1.40% |
| MIAMI FLA LTD AD VALOREM TAX 5.5% | FL.MIA 5.5 01.01.2049 | 1.32% |
| CHERRY CREEK COLO SCH DIST NO 005 5.25% | CO.CHRSCD 5.25 12.15.2046 | 1.21% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5% | CA.CCEDEV 10.01.2056 | 1.19% |
| ALLEGHENY CNTY PA SAN AUTH SWR REV 5.75% | PA.ALLUTL 5.75 06.01.2047 | 1.18% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Oct 15, 2026 | $0.07504 | Oct 15, 2026 |
| Sep 15, 2026 | $0.08228 | Sep 15, 2026 |
| Aug 13, 2026 | $0.06907 | Aug 13, 2026 |
| Jul 15, 2026 | $0.082 | Jul 15, 2026 |
| Jun 15, 2026 | $0.0709 | Jun 15, 2026 |
| May 14, 2026 | $0.07167 | May 14, 2026 |