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 10-Year Since Inception Inception Date
Total Returns as of YTD 1-Year 3-Year 5-Year 10-Year Since Inception Inception Date

Performance data quoted represents past performance which does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. Current performance may be lower or higher than the performance quoted. For periods less than one year, performance is cumulative. For performance data current to the most recent month-end please see table above. Since Inception performance shown for the Index is as of the Fund's oldest share class.

On January 1, 2019 PTRMX changed from Class R to Class A. Performance shown for Class A shares reflects the performance of the Institutional Class shares (inception 6/30/2011), adjusted to reflect Class A expenses and the Class A front-end sales charge of 2.25%.

NAV represents annualized returns without a sales charge. Class A has a maximum sales charge of 2.25%.

The distribution information shown in the table above is presented for informational purposes only; they are subject to change and may not be accurate or complete for tax reporting. This information is not intended to be a substitute for specific tax documents or specific individualized tax, legal or investment planning advice. Where specific advice is necessary or appropriate, we recommend consultation with a qualified tax advisor, CPA, or Financial Planner.

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


The credit quality of the securities in a portfolio is assigned by a nationally recognized statistical rating organization (NRSRO) such as Standard & Poor's, Moody's, or Fitch, as an indication of an issuer's creditworthiness. Ratings range from 'AAA' (highest) to 'D' (lowest). Bonds rated 'BBB' or above are considered investment grade. Credit ratings 'BB' and below are lower-rated securities. High yielding, non-investment-grade bonds involve higher risks than investment-grade bonds. Adverse conditions may affect the issuer's ability to pay interest and principal on these securities.

Management Team

G. Michael Plaiss

G. Michael Plaiss, CFA

Senior Portfolio Manager

Mark Peiler

Mark Peiler, CFA

Portfolio Manager


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