Performance Trust Municipal Bond Fund (PTIMX)
The fund invests at least 80% of its net assets in investment-grade quality municipal securities that pay interest that is exempt from regular federal income tax. It may invest up to 20% of its net assets in below investment-grade municipal securities as well as up to 20% of its net assets in securities that produce income subject to federal income tax. The fund may invest up to 20% of its net assets in other investment companies, including closed-end funds and ETFs.
Fund Info
| ISIN | US89833W1707 |
|---|---|
| CUSIP | 89833W170 |
| Issuer | Performance Trust Asset Management |
| Inception Date | Jun 29, 2011 |
| Category | Municipal Bonds |
| Min. Investment | $2,500 |
| Asset Class | Bond |
Expense Ratio
PTIMX features an expense ratio of 0.48%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Performance Trust Municipal 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 Municipal Bond Fund had a return of 3.49% year-to-date (YTD) and 11.70% in the last 12 months. Over the past 10 years, Performance Trust Municipal Bond Fund had an annualized return of 2.93%, while the S&P 500 had an annualized return of 10.85%, indicating that Performance Trust Municipal Bond Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 3.49% | 17.79% |
| 1 month | 1.42% | 0.18% |
| 6 months | 3.79% | 7.53% |
| 1 year | 11.70% | 26.42% |
| 5 years (annualized) | 1.43% | 13.48% |
| 10 years (annualized) | 2.93% | 10.85% |
Monthly Returns
The table below presents the monthly returns of PTIMX, 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 | -0.28% | -0.10% | 0.04% | -1.60% | 0.16% | 2.02% | 1.00% | 0.80% | 3.49% | ||||
| 2023 | 3.70% | -2.87% | 2.38% | 0.15% | -0.82% | 0.88% | 0.39% | -2.07% | -3.36% | -1.41% | 7.69% | 4.25% | 8.66% |
| 2022 | -3.08% | -0.53% | -3.79% | -3.55% | 1.42% | -2.33% | 3.10% | -2.99% | -4.37% | -1.11% | 5.35% | -0.33% | -12.01% |
| 2021 | 0.57% | -2.23% | 0.62% | 1.24% | 0.68% | 0.43% | 0.99% | -0.57% | -0.98% | -0.05% | 1.36% | 0.15% | 2.18% |
| 2020 | 2.30% | 1.90% | -4.57% | -1.75% | 3.74% | 1.00% | 1.87% | -0.65% | 0.10% | -0.33% | 2.08% | 0.74% | 6.34% |
| 2019 | 0.86% | 0.72% | 1.88% | 0.48% | 1.58% | 0.34% | 0.57% | 1.97% | -1.05% | -0.31% | -0.03% | -0.03% | 7.16% |
| 2018 | -1.72% | -0.57% | 0.63% | -0.44% | 1.28% | 0.01% | 0.19% | 0.21% | -0.62% | -0.92% | 1.22% | 1.33% | 0.56% |
| 2017 | 0.56% | 0.88% | 0.31% | 1.05% | 1.99% | -0.39% | 0.79% | 0.98% | -0.62% | 0.47% | -0.27% | 1.32% | 7.28% |
| 2016 | 1.76% | 0.12% | 0.61% | 0.93% | 0.39% | 2.36% | -0.24% | 0.12% | -0.55% | -1.46% | -4.82% | 1.33% | 0.36% |
| 2015 | 2.49% | -1.68% | 0.49% | -0.62% | -0.46% | -0.28% | 0.97% | 0.15% | 1.14% | 0.40% | 0.56% | 0.93% | 4.10% |
| 2014 | 2.42% | 1.54% | 0.31% | 1.73% | 1.79% | -0.06% | 0.32% | 1.54% | 0.21% | 1.00% | 0.19% | 0.96% | 12.58% |
| 2013 | 0.79% | 0.56% | -0.29% | 1.24% | -0.80% | -4.93% | -0.90% | -1.66% | 2.16% | 0.77% | -0.27% | -0.28% | -3.73% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PTIMX is 68, 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 Municipal Bond Fund (PTIMX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Performance Trust Municipal Bond Fund granted a 3.70% dividend yield in the last twelve months. The annual payout for that period amounted to $0.87 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.87 | $0.86 | $0.58 | $0.59 | $0.70 | $0.43 | $0.68 | $0.63 | $0.56 | $0.59 | $0.69 | $0.75 |
Dividend yield | 3.70% | 3.69% | 2.62% | 2.27% | 2.71% | 1.72% | 2.87% | 2.58% | 2.41% | 2.46% | 2.97% | 3.52% |
Monthly Dividends
The table displays the monthly dividend distributions for Performance Trust Municipal 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 | $0.08 | $0.07 | $0.06 | $0.08 | $0.06 | $0.07 | $0.07 | $0.07 | $0.59 | |||
| 2023 | $0.02 | $0.07 | $0.07 | $0.07 | $0.08 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.08 | $0.12 | $0.86 |
| 2022 | $0.02 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.05 | $0.06 | $0.06 | $0.06 | $0.11 | $0.58 |
| 2021 | $0.05 | $0.05 | $0.06 | $0.06 | $0.06 | $0.03 | $0.06 | $0.05 | $0.03 | $0.08 | $0.03 | $0.05 | $0.59 |
| 2020 | $0.04 | $0.05 | $0.06 | $0.06 | $0.06 | $0.05 | $0.06 | $0.05 | $0.06 | $0.06 | $0.05 | $0.10 | $0.70 |
| 2019 | $0.05 | $0.05 | $0.06 | $0.06 | $0.07 | $0.06 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.43 |
| 2018 | $0.05 | $0.04 | $0.07 | $0.05 | $0.06 | $0.05 | $0.06 | $0.06 | $0.05 | $0.06 | $0.06 | $0.06 | $0.68 |
| 2017 | $0.04 | $0.05 | $0.06 | $0.05 | $0.05 | $0.06 | $0.05 | $0.06 | $0.05 | $0.05 | $0.05 | $0.06 | $0.63 |
| 2016 | $0.04 | $0.04 | $0.05 | $0.03 | $0.04 | $0.05 | $0.05 | $0.05 | $0.04 | $0.05 | $0.05 | $0.07 | $0.56 |
| 2015 | $0.04 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.06 | $0.59 |
| 2014 | $0.06 | $0.06 | $0.07 | $0.06 | $0.06 | $0.06 | $0.06 | $0.05 | $0.05 | $0.06 | $0.04 | $0.06 | $0.69 |
| 2013 | $0.06 | $0.06 | $0.06 | $0.07 | $0.07 | $0.06 | $0.07 | $0.06 | $0.05 | $0.07 | $0.05 | $0.07 | $0.75 |
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 Municipal 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 Municipal Bond Fund was 16.63%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current Performance Trust Municipal Bond Fund drawdown is 1.33%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -16.63% | Jul 21, 2021 | 320 | Oct 25, 2022 | — | — | — |
| -12.61% | Mar 10, 2020 | 9 | Mar 20, 2020 | 97 | Aug 7, 2020 | 106 |
| -8.55% | May 3, 2013 | 87 | Sep 5, 2013 | 167 | May 6, 2014 | 254 |
| -7.73% | Jul 7, 2016 | 104 | Dec 1, 2016 | 191 | Sep 6, 2017 | 295 |
| -3.15% | Feb 3, 2015 | 89 | Jun 10, 2015 | 88 | Oct 14, 2015 | 177 |
Volatility
Volatility Chart
The current Performance Trust Municipal Bond Fund volatility is 0.59%, 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.