Rational/Pier 88 Convertible Secs C (PBXCX)

Fund Assets	218.06M
Expense Ratio	2.00%
Min. Investment	$1,000
Turnover	185.00%
Dividend (ttm)	0.49
Dividend Yield	4.44%
Dividend Growth	147.09%
Payout Frequency	Quarterly
Ex-Dividend Date	Sep 29, 2026

Previous Close	11.08
YTD Return	5.40%
1-Year Return	6.09%
5-Year Return	6.41%
52-Week Low	10.30
52-Week High	11.74
Beta (5Y)	n/a
Holdings	34
Inception Date	Dec 17, 2019

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.

• Fund Family: Rational Funds
• Category: Convertibles
• Performance Rating: Low
• Risk Rating: Below Average
• Stock Exchange: Nasdaq
• Ticker Symbol: PBXCX
• Share Class: -class C Shares
• Index: S&P 500 TR

Performance

PBXCX had a total return of 6.09% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.21%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
PBXIX	-institutional Shares	1.00%
PBXAX	-class A Shares	1.25%

Top 10 Holdings

47.36% of assets

Name	Symbol	Weight
First American Treasury Obligs X	FXFXX	8.14%
Digital Realty Trust, L.P. 1.875%	DLR.1.875 11.15.29	4.83%
NextEra Energy Inc Unit (Corporate Units 01/11/2029)	NEE.7.234 11.01.27	4.60%
Alliant Energy Corporation 3.25%	LNT.3.25 05.30.28	4.43%
Global Payments Inc 1.5%	GPN.1.5 03.01.31	4.40%
Bank of America Corp 7 1/4 % Non-Cum Perp Conv Pfd Shs Series -L-	BAC.7.25 PERP L	4.36%
Welltower Inc.	WELL	4.31%
PPL Capital Funding Inc. 2.875%	PPL.2.875 03.15.28	4.15%
Wells Fargo & Co 7 1/2 % Non Cum Perp Conv Pfd Shs -A- Series -L-	WFC.7.5 PERP L	4.08%
Uber Technologies Inc 0.875%	UBER.0.875 12.01.28 2028	4.05%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 29, 2026	$0.031	Sep 30, 2026
Jun 29, 2026	$0.096	Jun 30, 2026
Mar 30, 2026	$0.2638	Mar 31, 2026
Dec 30, 2025	$0.1014	Dec 31, 2025
Sep 29, 2025	$0.0069	Sep 30, 2025
Jun 27, 2025	$0.1455	Jun 30, 2025

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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