Nimble municipal bond fund with a history of outperformance across multiple market cycles


A municipal bond fund that seeks to provide a high level of current interest income that is substantially exempt from federal income taxes that is consistent with preservation of capital.

Types of Investments

The fund invests primarily in investment-grade municipals that pay interest exempt from regular federal income tax.


Total Returns as of YTD 1-Year 3-Year 5-Year Since Inception Inception Date
Total Returns as of YTD 1-Year 3-Year 5-Year Since Inception Inception Date

*Since inception of PTIMX.

**Advisor has contractually agreed to waive its fees and/or pay for operating expenses of the Fund to ensure that total annual fund operating expenses (excluding acquired fund fees and expenses, interest, taxes, dividends and interest expenses on short positions, brokerage commissions and extraordinary expenses such as litigation expenses) do not exceed 0.55% and 0.80%, respectively, of the average daily net assets of the Fund. This agreement is effective until December 29, 2018.

Morningstar Percentile Rankings 1 year 3 year 5 year Since Inception Inception Date


Ratings shown are the highest rating given by one of the following national rating agencies: S&P, Moody’s or Fitch. Credit ratings are subject to change. AAA, AA, A, and BBB are investment grade ratings; BB, B, CCC/CC/C and D are below-investment grade ratings. Bonds backed by U.S. Government or agency securities are given an implied rating equal to the rating of such securities. Holdings designated NR are not rated by these national rating agencies.

Management Team

G. Michael Plaiss

G. Michael Plaiss, CFA

Senior Portfolio Manager

Jason Appleson

Jason Appleson, CFA, FRM

Portfolio Manager


Class I:

Class A:

Morningstar Logo