Performance Trust Strategic Bond Fund (PTIAX)
The investment seeks to purchase undervalued fixed-income assets and achieve investment returns through interest income and potential capital appreciation. The fund invests at least 80% of its net assets in fixed-income instruments. Its investments in fixed-income instruments may consist of residential mortgage-backed securities ("RMBS") in the prime, subprime and "Alt-A" first lien mortgage sectors and commercial mortgage-backed securities ("CMBS"), including traditional and interest-only CMBS.
Fund Info
| ISIN | US89833W3943 |
|---|---|
| CUSIP | 89833W394 |
| Issuer | Performance Trust Asset Management |
| Inception Date | Aug 31, 2010 |
| Category | Intermediate Core-Plus Bond |
| Min. Investment | $2,500 |
| Asset Class | Bond |
Expense Ratio
PTIAX features an expense ratio of 0.76%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: PTIAX vs. PIMIX, PTIAX vs. CFICX, PTIAX vs. FBNDX, PTIAX vs. SPY, PTIAX vs. VPLS, PTIAX vs. WCPNX, PTIAX vs. FTBFX, PTIAX vs. PFTSX, PTIAX vs. VCIT, PTIAX vs. FTSL
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Performance Trust Strategic Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Performance Trust Strategic Bond Fund had a return of 4.28% year-to-date (YTD) and 10.79% in the last 12 months. Over the past 10 years, Performance Trust Strategic Bond Fund had an annualized return of 3.02%, while the S&P 500 had an annualized return of 11.43%, indicating that Performance Trust Strategic Bond Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 4.28% | 25.82% |
| 1 month | -0.38% | 3.20% |
| 6 months | 4.08% | 14.94% |
| 1 year | 10.79% | 35.92% |
| 5 years (annualized) | 1.05% | 14.22% |
| 10 years (annualized) | 3.02% | 11.43% |
Monthly Returns
The table below presents the monthly returns of PTIAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.44% | -0.71% | 1.13% | -2.08% | 1.29% | 1.38% | 1.69% | 1.56% | 1.29% | -1.96% | 4.28% | ||
| 2023 | 3.00% | -1.25% | 1.23% | 0.91% | -0.96% | 0.07% | 0.09% | -0.21% | -2.09% | -1.38% | 4.21% | 3.84% | 7.48% |
| 2022 | -1.79% | -0.85% | -3.07% | -3.08% | -0.30% | -1.75% | 1.93% | -2.14% | -3.96% | -1.13% | 2.79% | -0.09% | -12.84% |
| 2021 | 0.49% | -1.19% | -0.51% | 1.14% | 0.53% | 0.90% | 1.06% | -0.25% | -0.67% | -0.12% | 0.61% | -0.24% | 1.73% |
| 2020 | 2.19% | 1.52% | -6.03% | 0.48% | 1.88% | 1.51% | 1.92% | 0.13% | 0.48% | -0.51% | 1.61% | 0.70% | 5.73% |
| 2019 | 0.74% | 0.37% | 1.49% | 0.38% | 1.58% | 0.88% | 0.16% | 2.03% | -0.34% | 0.12% | 0.01% | -0.28% | 7.36% |
| 2018 | -0.64% | -0.13% | 0.76% | -0.28% | 0.66% | 0.22% | -0.08% | 0.64% | -0.25% | -0.40% | 0.68% | 0.82% | 2.01% |
| 2017 | 0.60% | 0.91% | 0.29% | 0.81% | 1.61% | 0.14% | 0.42% | 1.27% | -0.19% | 0.17% | 0.25% | 0.61% | 7.08% |
| 2016 | 0.96% | -0.31% | 0.83% | 0.64% | 0.56% | 1.45% | 0.98% | 0.37% | 0.18% | -0.24% | -1.66% | 0.80% | 4.61% |
| 2015 | 1.48% | -0.47% | 0.51% | -0.16% | 0.03% | -0.17% | 0.59% | -0.14% | 0.44% | 0.41% | 0.48% | 0.44% | 3.48% |
| 2014 | 2.46% | 0.88% | 0.24% | 0.92% | 1.05% | 0.08% | 0.34% | 1.19% | -0.12% | 0.69% | 0.34% | 0.51% | 8.91% |
| 2013 | 0.87% | 0.46% | 0.07% | 1.16% | -0.36% | -2.85% | -0.62% | -0.74% | 1.61% | 0.70% | -0.16% | -0.05% | 0.01% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PTIAX is 35, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Performance Trust Strategic Bond Fund (PTIAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Performance Trust Strategic Bond Fund provided a 4.34% dividend yield over the last twelve months, with an annual payout of $0.86 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.86 | $0.79 | $0.76 | $0.74 | $0.89 | $0.94 | $0.99 | $1.25 | $1.23 | $1.10 | $1.04 | $0.92 |
Dividend yield | 4.34% | 4.03% | 3.96% | 3.26% | 3.86% | 4.12% | 4.47% | 5.51% | 5.49% | 4.87% | 4.54% | 4.20% |
Monthly Dividends
The table displays the monthly dividend distributions for Performance Trust Strategic Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.07 | $0.06 | $0.06 | $0.09 | $0.06 | $0.08 | $0.07 | $0.08 | $0.07 | $0.00 | $0.67 | |
| 2023 | $0.02 | $0.06 | $0.04 | $0.06 | $0.08 | $0.05 | $0.08 | $0.06 | $0.08 | $0.07 | $0.06 | $0.13 | $0.79 |
| 2022 | $0.02 | $0.05 | $0.03 | $0.06 | $0.08 | $0.06 | $0.08 | $0.05 | $0.07 | $0.07 | $0.05 | $0.12 | $0.76 |
| 2021 | $0.03 | $0.06 | $0.06 | $0.07 | $0.08 | $0.04 | $0.08 | $0.05 | $0.06 | $0.09 | $0.05 | $0.07 | $0.74 |
| 2020 | $0.02 | $0.09 | $0.07 | $0.08 | $0.08 | $0.06 | $0.09 | $0.06 | $0.09 | $0.08 | $0.07 | $0.12 | $0.89 |
| 2019 | $0.07 | $0.06 | $0.07 | $0.08 | $0.06 | $0.09 | $0.10 | $0.06 | $0.07 | $0.09 | $0.07 | $0.11 | $0.94 |
| 2018 | $0.09 | $0.08 | $0.08 | $0.10 | $0.09 | $0.09 | $0.08 | $0.09 | $0.08 | $0.07 | $0.08 | $0.07 | $0.99 |
| 2017 | $0.11 | $0.09 | $0.14 | $0.11 | $0.10 | $0.11 | $0.09 | $0.11 | $0.10 | $0.09 | $0.10 | $0.10 | $1.25 |
| 2016 | $0.10 | $0.08 | $0.11 | $0.09 | $0.11 | $0.12 | $0.10 | $0.11 | $0.10 | $0.10 | $0.11 | $0.10 | $1.23 |
| 2015 | $0.08 | $0.07 | $0.10 | $0.09 | $0.09 | $0.09 | $0.10 | $0.10 | $0.11 | $0.09 | $0.07 | $0.11 | $1.10 |
| 2014 | $0.07 | $0.07 | $0.09 | $0.08 | $0.10 | $0.09 | $0.09 | $0.09 | $0.08 | $0.11 | $0.08 | $0.10 | $1.04 |
| 2013 | $0.06 | $0.07 | $0.08 | $0.08 | $0.08 | $0.07 | $0.08 | $0.08 | $0.08 | $0.09 | $0.08 | $0.09 | $0.92 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Performance Trust Strategic Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Performance Trust Strategic Bond Fund was 16.42%, occurring on Oct 24, 2022. The portfolio has not yet recovered.
The current Performance Trust Strategic Bond Fund drawdown is 3.18%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -16.42% | Aug 5, 2021 | 308 | Oct 24, 2022 | — | — | — |
| -10.69% | Mar 10, 2020 | 11 | Mar 24, 2020 | 173 | Nov 27, 2020 | 184 |
| -5.28% | May 10, 2013 | 82 | Sep 5, 2013 | 119 | Feb 26, 2014 | 201 |
| -2.24% | Sep 29, 2016 | 45 | Dec 1, 2016 | 56 | Feb 23, 2017 | 101 |
| -2.12% | Feb 12, 2021 | 24 | Mar 18, 2021 | 56 | Jun 8, 2021 | 80 |
Volatility
Volatility Chart
The current Performance Trust Strategic Bond Fund volatility is 1.66%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.