PBXAX

About PBXAX

The Rational/Pier 88 Convertible Securities Fund Class A is a mutual fund specializing in investments primarily in convertible securities, which are hybrid instruments combining aspects of both fixed income and equity. The primary goal of the fund is to seek total return through a mix of capital appreciation and income generation. Convertible securities, such as bonds and preferred stocks that can be converted into a predetermined amount of a company’s common stock, allow the fund to participate in potential equity upside while also benefiting from the downside protection afforded by a bond floor. This dual nature makes convertible securities particularly appealing during periods of market uncertainty and for investors looking for a balance between growth and income. The fund’s managers employ an equity-sensitive approach, emphasizing companies where they perceive intrinsic value and potential for strong performance. This strategy is designed to identify mispricings and capitalize on opportunities within the convertible securities space, which is often overlooked and can trade at a discount relative to comparable fixed income assets. Overall, the fund serves as a specialized tool within the market, offering exposure to both equity and debt characteristics through a unique asset class.