Because of a technical error, the Analyst Rating for one or more share classes of this fund was incorrect. We have resolved the error and corrected the Analyst Rating for all share classes affected by it. For further details, go to morningstar.com/learn/ar. The fund has a discerning process, capable investment team, and impressive track record over nearly two decades. It is closed to new investors.
Will PMBMX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PMBMX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the PMBMX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of PMBMX’s parent organization’s priorities and whether they’re in line with investors’ interests.