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PTCRX: What is this? New to me.

CrashCrash
in Fund Discussions
https://www.morningstar.com/funds/xnas/ptcrx/quote
I own a "sister" fund in the same Fund House. I just discovered it. Morningstar has virtually zero info on it. Can someone else lend a hand about what distinguishes this fund from the others in Perf Trust? Thanks.

Comments

  • CrashCrash
    edited February 2021
    ...Just found this:
    "Recently launched (1/1/2021) multisector bond fund with an emphasis on higher yielding bonds."

    http://ptam.com/mutual-funds/ptcrx.html
    So, safe to say it's a high yield fund?
  • Graust
    PTIAX is kind of a mortgage-backed/muni bond barbell strategy (broadly speaking)....this fund looks like it’s more of a TRUE multi-sector fund
  • AndyJ
    edited February 2021
    From the name, it sounds like it could be, at least roughly, the credit side of PTIAX in its own package. I'll be interested to see a holdings report and hope it will be another decent option in (at least mostly in) securitized credit.

    Edit: the portfolio breakdown is on Crash's PTAM link. It's got some rate-sensitive fare, but only about half of PTIAX's stake.
  • CrashCrash
    edited February 2021
    Thanks for the replies! Also noting that ER on PTIAX is 0.79% ("above average" per Morningstar) and for PTCRX is 0.99% ( "high," Morningstar.)
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