PBXCX

About PBXCX

The Rational/Pier 88 Convertible Securities Fund Class C Shares is a mutual fund designed to provide investors with a total return that combines both capital appreciation and income. Its primary focus is on convertible securities, which are hybrid financial instruments offering a blend of fixed income and equity characteristics. These typically include bonds or preferred stocks that can be converted into common shares at predetermined terms, allowing for participation in market upside while providing a degree of downside protection through a bond floor component. The fund’s strategy emphasizes identifying intrinsic value and potential mispricing within a company’s capital structure, particularly targeting equity-sensitive, balanced, and credit segments. Convertible securities, as the fund’s core asset class, are notable for their lower historical default rates compared to traditional high-yield bonds. The fund holds a diversified portfolio across various sectors, with substantial allocations to corporates and financial services. Managed actively, it seeks to capitalize on the unique risk/return profile of convertibles—a segment often overlooked in the broader market. This positions the Rational/Pier 88 Convertible Securities Fund Class C Shares as a specialized vehicle for investors seeking exposure to securities that bridge the characteristics of debt and equity markets, while aiming for growth and periodic income.