Performance Trust Municipal Bond Fund – Institutional Class (PTIMX)

Overview

The company is a fixed-income investment fund that primarily focuses on allocating at least 80% of its net assets into various fixed-income instruments. These financial instruments include, but are not limited to, residential mortgage-backed securities (RMBS) spanning prime, subprime, and Alt-A first lien mortgage sectors along with commercial mortgage-backed securities (CMBS). The fund's investment strategy showcases a diversified approach towards fixed-income assets, aiming to cater to investors looking to integrate mortgage-backed securities into their portfolios.

Products and Services

The fund's investment portfolio encompasses a wide range of fixed-income products designed to meet the diverse needs of its investors. The products and services include:

• Residential Mortgage-Backed Securities (RMBS)

  These are securities that are backed by mortgage loans sourced from prime, subprime, and Alt-A first lien mortgage sectors. RMBS offers investors the opportunity to invest in a pool of residential mortgages, deriving income from the interest and principal payments made by the homeowners.

• Commercial Mortgage-Backed Securities (CMBS)

  This category includes traditional CMBS, which are bonds secured by mortgages on commercial properties, and interest-only CMBS, which provide payments derived solely from the interest generated by the underlying commercial mortgages. These investments offer exposure to the commercial real estate market through a fixed-income instrument.