Two Performance Trust mutual funds may now engage in short sales

By Toni Weeks

San Diego, Feb. 21 - Two Performance Trust mutual funds have modified their investment strategies, according to a 497 filing with the Securities and Exchange Commission.

The Performance Trust Total Return Bond Fund and the Performance Trust Municipal Bond Fund now have the ability to engage in short sales as a non-principal investment strategy. The funds may engage in short sales of securities in their portfolio representing up to 10% of the funds' net assets, the filing said.

Chicago-based Performance Trust Investment Advisors, LLC is the funds' investment adviser.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.