Fund Evaluator:

Performance Trust Total Return Bd Inst Overview

Performance Trust Total Return Bd Inst (PTIAX) is an actively managed Taxable Bond Intermediate Core-Plus Bond fund. Performance Trust Asset Management launched the fund in 2010.

The investment seeks to purchase undervalued fixed-income assets and achieve investment returns through interest income and potential capital appreciation. Under normal circumstances, the fund will invest at least 80% of its net assets (including any borrowings for investment purposes) in bonds or other fixed-income instruments. The fund’s investments in fixed-income instruments may consist of, but are not limited to, securities or other income producing instruments (such as loans) as follows: (1) securities issued or guaranteed by the U.S. government, its agencies or sponsored corporations, (2) corporate obligations.

About Performance Trust Total Return Bd Inst (PTIAX)

There are 5 members of the management team with an average tenure of 7.44 years: G. Plaiss (2010), Anthony Harris (2010), Lars Anderson (2023), Mark Peiler (2023), Michael Isroff (2025). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: Bloomberg US Agg Bond TR USD index with a weighting of 100%. Performance Trust Total Return Bd Inst has 1852 securities in its portfolio. The top 10 holdings constitute 9.1% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Performance Trust Total Return Bd Inst is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Performance Trust Total Return Bd Inst has 4.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.2% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 99.8% (94.9% domestic bond, 4.9% foreign bond and 0.0% convertible bond). Performance Trust Total Return Bd Inst has 0.0% of the portfolio in cash.

Assets Under Management

The fund has $10 billion in total assets, which is above the $1 billion average for the Intermediate Core-Plus Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

PTIAX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Performance Trust Total Return Bd Inst expense ratio is above average compared to funds in the Intermediate Core-Plus Bond category. Performance Trust Total Return Bd Inst has an expense ratio of 0.75%, which is 4% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Performance Trust Total Return Bd Inst has a portfolio turnover rate of 29%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 180% for the Intermediate Core-Plus Bond category.

Recently, in the month of June 2026, Performance Trust Total Return Bd Inst returned 0.8%, which earned it a grade of A, as the Intermediate Core-Plus Bond category had an average return of 0.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Performance Trust Total Return Bd Inst has a trailing yield of 4.73%, which is above the 4.29% category average. The fund normally distributes its income monthly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Performance Trust Total Return Bd Inst Grades

Year to date, the fund has returned 1.6%, 0.9 percentage points better than the category, which translates into a grade of A. The fund has returned 5.0% over the past year (grade of A), 5.5% over the past three years (grade of A) and 1.1% per year over the past five years (grade of A) and 2.9% per year over the past 10 years (grade of A).

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