Rational/Pier 88 Convertible Securities Fund Institutional Shares NMFQS:PBXIX

Convertibles | Rational Funds

$11.21

↑ $0.00 (0.00%)

Last Updated: Feb 17, 2026

Fund Information

Fund Category Convertibles

Fund Family Rational Funds

Fund Style Large Growth

ISIN US6282553907

CUSIP 628255390

Inception Date 2019-12-06

Domicile United States

Country USA

Fiscal Year End December

NAV Chart

Fund Metrics

Net Assets $210.08 Million

Share Class Net Assets $209.54 Million

Expense Ratio 0.99%

Expense Ratio Date 2025-05-01

Dividend Yield 0.03%

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Performance

YTD Return 1.45%

1-Year Return 1.96%

3-Year Return 4.58%

5-Year Return 2.07%

NAV $11.21

Previous Close Price $11.21

Last Update 2025-12-31

Dividend Information

Dividend Yield 0.03%

Dividend (ttm) 0.17

Dividend Growth -58.12%

Payout Frequency Annual

Ex-Dividend Date n/a

Ratings

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Beta (5Y) 1.23

About Rational/Pier 88 Convertible Securities Fund Institutional Shares

Under normal conditions, the fund seeks to achieve its investment objective by investing at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in convertible securities. Convertible securities are "hybrid" securities that possess both fixed income and equity characteristics. The fund will generally invest primarily in investment-grade instruments. It is non-diversified.

Detailed Metrics

Market Cap Distribution

AverageMarketCap 107513.24%

Giant 3.87%

Large 0.00%

Medium 3.42%

Micro 0.00%

Small 2.76%

Value & Growth Metrics

Book-Value Growth % 14.27%

Cash-Flow Growth % 7.04%

Dividend Yield % 0.60%

Historical Earnings % 32.11%

Long-Term Earnings % 12.44%

Asset Allocation

Type	Net %	Long %	Short %	Category Average	benchmark
Bond	0.00%	0.00%	0.00%	8.21%	0.00%
Cash	6.81%	6.81%	0.00%	2.20%	0.00%
Non US Stock	0.00%	0.00%	0.00%	0.08%	0.00%
Not Classified	79.46%	79.46%	0.00%	88.39%	0.00%
Other	0.00%	0.00%	0.00%	0.03%	0.00%
US Stock	13.72%	13.72%	0.00%	2.27%	0.00%

Top Holdings

Name	Weight	Owned	Change
WELL 2 3/4 05/15/28	3.86%	-	-
APO 6 3/4	4.24%	-	-
WFC 7 1/2 PERP	4.79%	-	-
F 0 03/15/26	4.54%	-	-
BAC 7 1/4 PERP	4.87%	-	-
NEE 6.926	4.51%	-	-
DXCM 0 1/4 11/15/25	4.30%	-	-
TYL 0 1/4 03/15/26	3.97%	-	-
PPL 2 7/8 03/15/28	4.23%	-	-
BOOKING HOLDINGS	4.13%	-	-
FIRST AM-TR OB-X	4.94%	-	-
GPN 1 1/2 03/01/31	4.09%	-	-
FOUR 0 1/2 08/01/27	4.09%	-	-
UBER 0 7/8 12/01/28	5.10%	-	-
ON 0 1/2 03/01/29	4.34%	-	-
KKR 6 1/4	4.00%	-	-
DLR 1 7/8 11/15/29	3.95%	-	-
VTR 3 3/4 06/01/26	3.85%	-	-

See the full breakdown of PBXIX fund's asset allocation and top holdings .

Sector Weights

Category	Subcategory	Amount %	Category Avg	Stocks %	Benchmark
Bond Sector	Cash and Equivalents	26.75%	2.21%	7.89%	0.00%
Bond Sector	Corporate	26.75%	97.75%	92.11%	0.00%
Bond Sector	Derivative	26.75%	0.00%	0.00%	0.00%
Bond Sector	Government	26.75%	0.01%	0.00%	0.00%
Bond Sector	Municipal	26.75%	0.00%	0.00%	0.00%
Bond Sector	Securitized	26.75%	0.03%	0.00%	0.00%
Cyclical	Basic Materials	0.00%	0.53%	0.00%	0.00%
Cyclical	Consumer Cyclical	7.35%	4.89%	0.00%	0.00%
Cyclical	Financial Services	0.00%	2.89%	0.00%	0.00%
Cyclical	Real Estate	0.00%	0.83%	0.00%	0.00%
Defensive	Consumer Defensive	0.00%	0.02%	0.00%	0.00%
Defensive	Healthcare	0.00%	9.08%	0.00%	0.00%
Defensive	Utilities	26.75%	53.65%	0.00%	0.00%
Sensitive	Communication Services	18.39%	3.73%	0.00%	0.00%
Sensitive	Energy	0.00%	7.75%	0.00%	0.00%
Sensitive	Industrials	32.87%	4.72%	0.00%	0.00%
Sensitive	Technology	14.64%	11.91%	0.00%	0.00%

World Regions

Region	Subregion	Category Average	Stocks Percent	Benchmark
Americas	Latin America	-	-	-
Americas	North America	98.25%	100.00%	-
Greater Asia	Asia Developed	0.51%	-	-
Greater Asia	Asia Emerging	0.73%	-	-
Greater Asia	Australasia	-	-	-
Greater Asia	Japan	-	-	-
Greater Europe	Africa/Middle East	-	-	-
Greater Europe	Europe Developed	0.52%	-	-
Greater Europe	Europe Emerging	-	-	-
Greater Europe	United Kingdom	-	-	-

Dividend History

Date	Amount	Unadjusted Amount	Currency	Declaration Date	Record Date	Payment Date	Period
2024-09-27	$0.046	$0.046	USD	-	2024-09-26	2024-09-30	Quarterly
2024-06-27	$0.054	$0.054	USD	-	2024-06-26	2024-06-28	Quarterly
2024-03-27	$0.078	$0.078	USD	-	2024-03-26	2024-03-28	Quarterly
2023-12-28	$0.091	$0.091	USD	-	2023-12-27	2023-12-29	Quarterly
2023-09-28	$0.043	$0.043	USD	-	2023-09-27	2023-09-29	Quarterly
2023-06-29	$0.037	$0.037	USD	-	2023-06-28	2023-06-30	Quarterly
2023-03-30	$0.064	$0.064	USD	-	2023-03-29	2023-03-31	Quarterly
2022-12-29	$0.082	$0.082	USD	2022-12-29	2022-12-28	2022-12-30	Quarterly
2022-09-29	$0.054	$0.054	USD	2022-09-29	2022-09-28	2022-09-30	Quarterly
2022-06-29	$0.041	$0.041	USD	2022-06-29	2022-06-28	2022-06-30	Quarterly
2022-03-30	$0.020	$0.020	USD	2022-03-30	2022-03-29	2022-03-31	Quarterly
2021-12-30	$0.065	$0.065	USD	-	-	-	-
2021-09-29	$0.038	$0.038	USD	2021-09-29	2021-09-28	2021-09-29	Quarterly
2021-06-29	$0.043	$0.043	USD	2021-06-29	2021-06-28	2021-06-29	Quarterly
2021-03-30	$0.025	$0.025	USD	2021-03-30	2021-03-29	2021-03-30	Quarterly
2020-12-30	$0.105	$0.105	USD	-	2020-12-29	2020-12-30	Quarterly
2020-09-29	$0.095	$0.095	USD	2020-09-29	2020-09-28	2020-09-29	Quarterly

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