The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PACIX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the PACIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of PACIX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Emphasis on upside participation.
Chiayi Tsui
Analyst
Summary
Columbia Convertible Securities combines an effective, if aggressive, approach with capable management.