PBXIX — Rational/Pier 88 Convertible Securities Fund
Data updated: 2026-08-28
PBXIX — Rational/Pier 88 Convertible Securities Fund. Short Preferred / Convertible Bond · $232.19M AUM. Holdings, fees, performance and SEC filings.
PBXIX Fund Overview
PBXIX — Rational/Pier 88 Convertible Securities Fund is a US mutual fund managed by Mutual Fund & Variable Insurance Trust, categorised as Short Preferred / Convertible Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Mutual Fund & Variable Insurance Trust
- Category: Short Preferred / Convertible Bond
- Assets under management: $232.19M
- 1-year return: 11.6%
- Ticker: PBXIX
- SEC CIK: 0000810695
- SEC series ID: S000067226
- Share class ID: C000216241
PBXIX Holdings
Top 10 holdings of Rational/Pier 88 Convertible Securities Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| First American Funds, Inc. | 6.84% |
| Alliant Energy Corp. | 4.73% |
| Global Payments, Inc. | 4.39% |
| Digital Realty Trust LP | 4.39% |
| Ppl Capital Funding, Inc. | 4.36% |
| Bank Of America Corp. | 4.35% |
| Nextera Energy, Inc. | 4.30% |
| Welltower, Inc. | 4.28% |
| Wec Energy Group, Inc. | 4.24% |
| Uber Technologies, Inc. | 4.21% |
PBXIX Portfolio Allocation
Asset-class allocation of Rational/Pier 88 Convertible Securities Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 63.0% |
| Equity | 30.0% |
| Cash & Equivalents | 6.8% |
PBXIX Performance
Total returns for PBXIX (as of 2026-09-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 10.3% |
| 1 year | 11.6% |
| 3 years (annualised) | 8.7% |
| 5 years (annualised) | 3.5% |
PBXIX Risk Information
Risk metrics for PBXIX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 8.5%
PBXIX Costs and Fees
PBXIX costs about $100 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.00%
- Gross expense ratio: 1.11%
- Portfolio turnover: 185%
- Brokerage commissions: 16.08 bps of average net assets (SEC N-CEN)
PBXIX Cashflows
Over the 12 months to 2026-06, Rational/Pier 88 Convertible Securities Fund had net inflows of $13.14M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $1.86M |
| 2026-05 | −$92.59K |
| 2026-04 | $1.88M |
| 2026-03 | $2.44M |
| 2026-02 | $1.45M |
| 2026-01 | $916.56K |
PBXIX Debt Constituents
Largest debt holdings of Rational/Pier 88 Convertible Securities Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Alliant Energy Corp. | 4.73% |
| Global Payments, Inc. | 4.39% |
| Digital Realty Trust LP | 4.39% |
| Ppl Capital Funding, Inc. | 4.36% |
| Nextera Energy, Inc. | 4.30% |
| Wec Energy Group, Inc. | 4.24% |
| Uber Technologies, Inc. | 4.21% |
| Etsy, Inc. | 4.10% |
| Meritage Homes Corp. | 4.04% |
| Kite Realty Group LP | 3.35% |
PBXIX Prospectus and SEC Filings
Official Rational/Pier 88 Convertible Securities Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-28
- Prospectus (485BPOS) — filed 2025-04-29
- Prospectus supplement (497) — filed 2024-05-06
- Portfolio holdings (N-PORT) — filed 2026-08-28
- Portfolio holdings (N-PORT) — filed 2026-05-29
- Portfolio holdings (N-PORT) — filed 2026-02-27
- Annual census (N-CEN) — filed 2026-03-12
- Annual census (N-CEN) — filed 2025-03-13
Related Funds
Other Short Preferred / Convertible Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.