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Morningstar

Rational/Pier 88 Convertible Secs Instl PBXIX

Morningstar Medalist Rating
Medalist Rating as of | See Rational Funds Investment Hub
  • NAV / 1-Day Return 10.54  /  −0.28 %
  • Total Assets 136.9 Mil
  • Adj. Expense Ratio
    1.000%
  • Expense Ratio 1.000%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Convertibles
  • Investment Style Mid Growth
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.32%
  • Turnover 180%

USD | NAV as of Apr 26, 2024 | 1-Day Return as of Apr 26, 2024, 10:18 PM GMT+0

Morningstar’s Analysis PBXIX

Will PBXIX outperform in 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.

Weakness in Rational/ Pier 88 Convertible Secs Instl's People and Process Pillar ratings limits this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings PBXIX

More PBXIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 43.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

First American Treasury Obligs X

5.16 7.0 Mil
Cash and Equivalents

Apollo Global Management Inc 6.75% PRF CONVERT 31/07/2026 USD 50 - Ser A

4.72 6.4 Mil
Financial Services

Welltower OP LLC 2.75%

4.65 6.3 Mil
Corporate

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

4.54 6.2 Mil
Financial Services

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

4.43 6.0 Mil
Financial Services

NextEra Energy Inc Unit ( 6.926% Corporate Units 01/09/2025)

4.40 6.0 Mil
Utilities

PPL Capital Funding Inc. 2.875%

4.29 5.8 Mil
Corporate

Expedia Group Inc 0%

4.24 5.8 Mil
Corporate

DexCom Inc 0.25%

4.20 5.7 Mil
Corporate

Tyler Technologies Inc. 0.25%

4.16 5.7 Mil
Corporate