Morningstar

Rational/Pier 88 Convertible Securities Fund Institutional Shares PBXIX

Morningstar Medalist Rating
Medalist Rating as of | See Rational Funds Investment Hub
  • NAV / 1-Day Return 11.72  /  +0.43 %
  • Total Assets 240.0M
  • Adj. Expense Ratio
    1.000%
  • Expense Ratio 0.990%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Convertibles
  • Investment Style Mid Growth
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 4.96%
  • Turnover 185%

USD | NAV as of Jul 15, 2026 | 1-Day Return as of Jul 15, 2026, 12:43 AM GMT+0

Morningstar’s Analysis PBXIX

Will PBXIX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PBXIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PBXIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PBXIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Rational/Pier 88 Convertible Secs Instl holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.

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Portfolio Holdings PBXIX

More PBXIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 45.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

First American Treasury Obligs X

6.47 14M
Cash and Equivalents

NextEra Energy Inc Unit (Corporate Units 01/11/2029)

4.87 11M
Utilities

Alliant Energy Corporation 3.25%

4.82 11M
Corporate

Digital Realty Trust, L.P. 1.875%

4.79 11M
Corporate

PPL Capital Funding Inc. 2.875%

4.62 10M
Corporate

Global Payments Inc 1.5%

4.58 10M
Corporate

Uber Technologies Inc 0.875%

4.49 10M
Corporate

WEC Energy Group Inc. 4.375%

4.45 10M
Corporate

Bank of America Corp 7 1/4 % Non-Cum Perp Conv Pfd Shs Series -L-

4.42 10M
Financial Services

Wells Fargo & Co 7 1/2 % Non Cum Perp Conv Pfd Shs -A- Series -L-

4.39 10M
Financial Services

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