PTCOX: Performance Trust Strategic Bond C

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PTCOX Performance Trust Strategic Bond C


Profile

PTCOX - Profile

Vitals

  • YTD Return -2.0%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $3.51 B
  • Holdings in Top 10 5.3%

52 WEEK LOW AND HIGH

$22.27
$21.11
$23.69

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.80%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 40.59%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

  • Standard (Taxable) $1,000
  • IRA $1,000

Fund Classification


Distributions

  • YTD Total Return -2.0%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.04%
DIVIDENDS
  • Dividend Yield 3.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Performance Trust Strategic Bond Fund
  • Fund Family Name
    PT Asset Management, LLC (PTAM)
  • Inception Date
    Jan 02, 2019
  • Shares Outstanding
    936810
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    G. Plaiss

Fund Description

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.


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Categories

Performance

PTCOX - Performance

Return Ranking - Trailing

Period PTCOX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.0% -36.8% 945.6% 85.40%
1 Yr -1.8% -35.5% 970.1% 90.07%
3 Yr N/A* -10.4% 120.3% 16.56%
5 Yr N/A* -5.2% 60.2% 11.28%
10 Yr N/A* -5.1% 3.6% N/A

* Annualized

Return Ranking - Calendar

Period PTCOX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -1.7% 18.3% N/A
2018 N/A -12.4% 0.8% N/A
2017 N/A -6.0% 20.3% N/A
2016 N/A -7.8% 8.6% N/A
2015 N/A -18.3% 3.0% N/A

Total Return Ranking - Trailing

Period PTCOX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.0% -36.8% 945.6% 85.40%
1 Yr -1.8% -35.5% 970.1% 90.07%
3 Yr N/A* -7.3% 120.3% 19.87%
5 Yr N/A* -5.2% 60.2% 15.18%
10 Yr N/A* -5.1% 6.8% N/A

* Annualized

Total Return Ranking - Calendar

Period PTCOX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -1.7% 18.3% N/A
2018 N/A -11.7% 3.1% N/A
2017 N/A -6.0% 27.0% N/A
2016 N/A -7.8% 10.7% N/A
2015 N/A -14.2% 4.2% N/A

NAV & Total Return History


Holdings

PTCOX - Holdings

Concentration Analysis

PTCOX Category Low Category High PTCOX % Rank
Net Assets 3.51 B 634 K 264 B 18.69%
Number of Holdings 950 1 17920 17.56%
Net Assets in Top 10 178 M -587 M 20.8 B 40.34%
Weighting of Top 10 5.28% 2.3% 100.0% 98.23%

Top 10 Holdings

Asset Allocation

Weighting Return Low Return High PTCOX % Rank
Bonds
92.01% 71.08% 157.69% 81.53%
Cash
7.99% -57.68% 27.48% 13.00%
Stocks
0.00% -0.38% 18.10% 87.74%
Preferred Stocks
0.00% 0.00% 9.11% 89.30%
Other
0.00% -27.60% 31.83% 84.92%
Convertible Bonds
0.00% 0.00% 6.53% 94.67%

Bond Sector Breakdown

Weighting Return Low Return High PTCOX % Rank
Securitized
58.33% 0.00% 98.72% 4.45%
Municipal
26.42% 0.00% 100.11% 43.84%
Cash & Equivalents
8.01% -26.49% 24.02% 13.88%
Corporate
7.24% 0.00% 99.41% 50.34%
Derivative
0.00% -0.83% 31.72% 89.30%
Government
0.00% -2.21% 100.00% 95.90%

Bond Geographic Breakdown

Weighting Return Low Return High PTCOX % Rank
US
88.55% 58.40% 150.78% 62.84%
Non US
3.46% -38.91% 29.50% 52.10%

Expenses

PTCOX - Expenses

Operational Fees

PTCOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.80% 0.01% 34.57% 6.66%
Management Fee 0.60% 0.00% 1.25% 97.94%
12b-1 Fee 1.00% 0.00% 1.00% 97.37%
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

PTCOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

PTCOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 0.50% 2.00% 50.98%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PTCOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 40.59% 0.00% 489.00% 49.78%

Distributions

PTCOX - Distributions

Dividend Yield Analysis

PTCOX Category Low Category High PTCOX % Rank
Dividend Yield 3.43% 0.00% 6.13% 0.21%

Dividend Distribution Analysis

PTCOX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

PTCOX Category Low Category High PTCOX % Rank
Net Income Ratio 3.04% -0.71% 6.53% 21.76%

Capital Gain Distribution Analysis

PTCOX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

PTCOX - Fund Manager Analysis

Managers

G. Plaiss


Start Date

Tenure

Tenure Rank

Aug 31, 2010

9.67

9.7%

Mike brings over 15 years of experience managing institutional fixed-income portfolios. He currently manages investment portfolios across all of PTAM’s structured credit and municipal bond focused funds and separately managed accounts. Mike’s responsibilities include portfolio construction, security selection, portfolio attribution, modeling RMBS and municipal bond cash flows, and risk management. Prior to joining PTAM, Mike managed more than $700 million in municipal and corporate bonds, mortgage-backed securities, and other structured fixed-income for the Kentucky Farm Bureau, the state’s largest property and casualty insurance provider. Earlier in his career, Mike held positions at multiple banking institutions where he also managed diverse fixed income portfolios. Mike graduated from Indiana University, Bloomington with a Bachelor of Arts in Economics and is a CFA charterholder.

Anthony Harris


Start Date

Tenure

Tenure Rank

Aug 31, 2010

9.67

9.7%

Mr. Harris served as a member of the PT Asset Management, LLC’s portfolio management team, and was co-portfolio manager of the PT Asset Management, LLC’s certain pooled investment vehicles and separately managed accounts. His responsibilities include portfolio construction, security selection, portfolio attribution, and risk management. Prior to joining the PT Asset Management, LLC in February 2009, he co-founded Six Degrees Capital Management in January 2007, an alternative fixed- income investment manager focused on securitized products. From 2001 to 2007, Mr. Harris originated, structured, and invested in securitized products at BMO Capital Markets Corp. and managed a multi-billion dollar portfolio of ABS, CDOs, and RMBS. Mr. Harris began his career with PricewaterhouseCoopers and passed the CPA exam in 1998. Mr. Harris received a Bachelor of Business Administration from University of Michigan Ross School of Business with an emphasis in Accounting, and a MBA from the University of Chicago Booth School of Business with an emphasis in Finance and Economics.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 33.44 7.42 0.33