Performance Trust Investment Advisors (PTIA) Launches Municipal Bond Fund for Individual Investors
CHICAGO, Aug. 30, 2011 /PRNewswire/ -- Performance Trust Investment Advisors, LLC (PTIA), an affiliate company of Performance Trust Capital Partners, LLC, has launched its second mutual fund, the Performance Trust Municipal Bond Fund (PTIMX).
PTIMX is a no-load fund that invests in municipal bonds using deep sector and credit analysis and the Performance Trust Total Return™ methodology. The fund's objective is to provide a high level of current interest income that is substantially exempt from regular federal income taxes and is consistent with preservation of capital while employing a strategy known as Shape Management®.
Launching this municipal bond fund is part of PTIA's ongoing business strategy to offer individual investors the same scenario-based total return methodology that's available to its fixed-income institutional clients.
The fund's value proposition is applying notable sector and credit analysis to predominately investment grade municipal bonds that are rated below Triple A (AAA or Aaa) and then subjecting those bonds to the additional scrutiny of the Shape Management® strategy, which analyzes potential capital appreciation and interest rate risk in a variety of up and down financial market scenarios.
The fund's top credit analysis team is led by veteran municipal bond portfolio manager J. Thomas Futrell, who recently joined PTIA after spending more than two decades managing municipal bond investments with Chicago-based Nuveen Investments. John Wilhelm, also a veteran of portfolio analysis and bond portfolio management at Nuveen, recently joined the municipal team to contribute his own considerable expertise to this new strategy.
"There is opportunity with distress, mispricing and inefficiencies in the financial markets," said Peter Cook, PTIA Chief Investment Officer. "The municipal market offers this opportunity, and our fund managers will use a rigorous approach in an effort to find those undervalued bonds that are likely to improve in credit quality in the future while also delivering tax-exempt interest income today," he said.
The minimum investment requirement in PTIMX is $5,000.
PTIA launched its first mutual fund, Performance Trust Total Return Bond Fund (PTIAX) in 2010. PTIAX invests in, but is not limited to, government and agency paper, and both agency and non-agency residential mortgage-backed securities (RMBS). In non-agency RMBS, the investment focus is on first lien fixed-rate mortgages in the prime and Alt-A sectors. Prime represents the best mortgage loans and Alt-A is traditionally defined as a loan lacking full documentation.
About Performance Trust Investment Advisors, LLC
Performance Trust Investment Advisors is an SEC-registered investment advisor that specializes in fixed income, bank equity and real estate investment strategies. As part of the Performance Trust Companies (founded in 1994), PTIA began managing outside capital in 2008 and has grown rapidly, managing assets of pension, endowment, family office, fund of funds and individual clients. Based in Chicago, the firm manages funds and separately managed accounts tailored to the liquidity needs of its clients. For more information, go to www.PTIA.com.
About Performance Trust Capital Partners, LLC
Performance Trust Capital Partners, LLC is a Chicago-based, registered broker/dealer that trades securities with over 500 regional financial institution clients throughout the United States, utilizing disciplined analytics and fresh, innovative thinking with the goal of maximizing our clients' profitability. For more information, go to www.PerformanceTrust.com.
Performance Trust Investment Advisors is the advisor to the Performance Trust Municipal Bond Fund (PTIMX) and the Performance Trust Total Return Bond Fund (PTIAX), which are distributed by Quasar Distributors, LLC. Quasar Distributors, LLC is not affiliated with The Performance Trust Companies.
The investment objectives, risks, charges and expenses of the Performance Trust Municipal Bond Fund (PTIMX) and the Performance Trust Total Return Bond Fund (PTIAX) must be considered carefully before investing. The statutory and/or summary prospectuses contain this and other important information about the investment company, and may be obtained by calling 1 (877) 738-9095 or visiting http://www.PTIAfunds.com. Read the prospectus carefully before investing.
Mutual fund investing involves risk. Principal loss is possible. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investments in lower rated and non-rated securities present a greater risk of loss to principal and interest than higher-rated securities. Income from tax-exempt bonds may be subject to state and local taxes and a portion of income may be subject to the federal alternative minimum tax for certain investors. Federal income tax rules will apply to any capital gains distributions. Investments in asset-backed and mortgage-backed securities include additional risks that investors should be aware of such as credit risk, prepayment risk, possible illiquidity and default, as well as increased susceptibility to adverse economic developments. The fund may invest in real Estate Investment Trusts (REITs) which involve additional risks such as declines in the value of real estate and increased susceptibility to adverse economic or regulatory developments. Derivatives involve investment exposure that may exceed the original cost and a small investment in derivatives could have a large potential impact on the performance of the Fund. Options and Swap positions held in the Fund may be illiquid and the fund manager may have difficulty closing out a position.
While the fund is no-load, management and other expenses still apply. Please refer to the prospectus for further details.
SOURCE Performance Trust Investment Advisors, LLC
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