The team’s approach was recently recognized, as PBXIX received a 5-Star Morningstar Rating in the Convertibles Category for the 3-year period ending January 31, 2024 out of 77 funds (based on risk adjusted returns).

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PBXIX is rated 5 stars by Morningstar for the Overall and 3-year period ending 1/31/2024, based on risk adjusted returns, out of 77 funds in the Convertibles category. PBXAX and PBXCX are rated 4 stars by Morningstar for the Overall and 3-year period ending 1/31/2024, based on risk adjusted returns, out of 77 funds in the Convertibles category © 2024 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. The Morningstar RatingTM for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life sub-accounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and ten-year (if applicable) Morningstar Rating metrics.

PBXIX is rated 5 stars by Morningstar for the period ending 1/31/2024, based on 3-year and Overall risk adjusted returns, out of 77 funds in the Convertibles category. The team’s approach was recently recognized, as PBXIX received a 5-Star Morningstar Rating in the Convertibles Category for the 3-year period ending January 31, 2024 out of 77 funds (based on risk adjusted returns). No compensation was received for consideration of this ranking.