PT Asset Management, LLC

PTCRX

Multisector Bond Fund

Morningstar Rating: Overall

As of 04/30/2024

Morningstar overall rating 5 stars, Class I; Multisector Bond Category; 556 funds. Three-year rating 5 stars; 556 funds. Five-year rating 4 stars; 528 funds. Ten-year rating 5 stars; 376 funds. Ratings reflect risk-adjusted performance.

NAV

As of 05/24/2024

-

$8.80

YTD Total Return

As of 04/30/2024

Net

1.30

30 DAY SEC YIELD

As of 04/30/2024

Subsidized

5.92%

Unsubsidized

5.91%

FUND ASSETS

As of 04/30/2024

-

$109.7M

Overview

The investment objective of the Performance Trust Multisector Bond Fund is to achieve long-term investment returns primarily by investing in a portfolio of income producing securities that may have the potential for capital appreciation.

Performance

Total Returns as of YTD 1-Year 3-Year Since Inception Inception Date
Class I-----1/1/2021
Total Returns as of YTD 1-Year 3-Year Since Inception Inception Date
Class I-----1/1/2021

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.

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.

Portfolio

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.

Fund Facts

Ticker

PTCRX

Expense Ratio: Net

1.00

Expense Ratio: Gross

1.07

Fund Inception Date

12/31/2020

Number of Holdings

As of 03/31/2024

106

Pursuant to an operating expense limitation agreement between the Fund’s investment adviser, PT Asset Management, LLC (the “Adviser”), and the Trust, on behalf of the Fund, the Adviser has agreed to waive its management fees and/or reimburse Fund expenses to ensure that Total Annual Fund Operating Expenses (exclusive of any Excluded Expenses) for Institutional Class shares do not exceed 0.99% of the Fund’s average daily net assets through at least December 29, 2024.

Portfolio Managers

Literature