PTRMX Fees and Costs — Performance Trust Municipal Bond Fund, Class A
Data updated: 2026-07-29
The net expense ratio is 0.73%: a 0.40% management fee, a 0.25% 12b-1 fee plus 0.08% other expenses. This share class carries a maximum front-end sales load of 2.25%. Portfolio turnover was 62%.
PTRMX Fees and Expenses
Annual operating expenses and sales charges of PTRMX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.08% |
| Gross expense ratio | 0.73% |
| Fee waiver | — |
| Net expense ratio | 0.73% |
| Sales charges | |
|---|---|
| Max front load | 2.25% |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
PTRMX Costs Over Time
On $10,000 invested in PTRMX, assuming 5% a year before costs, total costs come to $736 over 5 years, cutting the return by 1.24% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $225 | $225 | $225 |
| Fund expenses (net expense ratio 0.73%) | $75 | $234 | $408 |
| Lost growth on money paid in costs | $11 | $47 | $103 |
| Total costs | $311 | $506 | $736 |
| Value after costs | $10,189 | $11,070 | $12,027 |
| Impact on return, per year | 3.11% | 1.55% | 1.24% |
PTRMX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $1.9B
- Portfolio turnover (prospectus): 62%
- Securities lending: none during the year
PTRMX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| PERSHING LLC | $179.3M | 22.32% |
| WELLS FARGO SECURITIES, LLC | $159.2M | 19.83% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $136.4M | 16.98% |
| NATIONAL FINANCIAL SERVICES LLC | $79.7M | 9.92% |
| MORGAN STANLEY & CO. LLC | $68.4M | 8.52% |
| J.P. MORGAN SECURITIES LLC | $64.5M | 8.03% |
| STIFEL NICOLAUS & COMPANY INCORPORATED | $34.9M | 4.34% |
| UBS FINANCIAL SERVICES INC. | $28.6M | 3.57% |
| RBC CAPITAL MARKETS LLC | $27.4M | 3.42% |
| GOLDMAN SACHS & CO. LLC | $24.8M | 3.09% |
Performance Trust Municipal Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PTIMX | Institutional Class | 0.48% | none |
| PTRMX | Class A | 0.73% | 2.25% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.