PCGTX: PACE Mortgage-Backed Securities Fixed Income Investments Class A - MutualFunds.com

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PACE Mort-Backed Secs Fxd Inc Invests P

PCGTX - Snapshot

Vitals

  • YTD Return 2.0%
  • 3 Yr Annualized Return 3.9%
  • 5 Yr Annualized Return 3.2%
  • Net Assets $326 M
  • Holdings in Top 10 42.6%

52 WEEK LOW AND HIGH

$12.99
$12.22
$13.09

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.18%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover N/A

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $10,000
  • IRA N/A

Fund Classification


Compare PCGTX to Popular U.S. Intermediate-Term Bond Duration Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$88.22

-0.10%

$293.42 B

2.30%

$2.03

5.15%

-

$11.62

-0.09%

$293.42 B

-

$0.02

5.16%

-

$11.53

-0.09%

$204.55 B

2.26%

$0.26

4.72%

-

$11.67

-0.09%

$89.02 B

1.67%

$0.19

6.67%

-

$118.10

-0.14%

$81.57 B

2.23%

$2.64

5.06%

-

PCGTX - Profile

Distributions

  • YTD Total Return 2.0%
  • 3 Yr Annualized Total Return 3.9%
  • 5 Yr Annualized Total Return 3.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.26%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    PACE Mortgage-Backed Securities Fixed Income Investments Class A
  • Fund Family Name
    UBS Asset Management
  • Inception Date
    Aug 24, 1995
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Mabel Lung

Fund Description

Under normal circumstances, the fund invests at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in a diversified portfolio of mortgage-related fixed income instruments, such as mortgage-backed securities (including mortgage pass-through securities and collateralized mortgage obligations ("CMOs"), commercial mortgage-backed securities, "to be announced" (or "TBA") securities and mortgage dollar rolls).


PCGTX - Performance

Return Ranking - Trailing

Period PCGTX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.0% -8.0% 951.6% 91.40%
1 Yr 5.4% -4.8% 16.6% 66.26%
3 Yr 3.9%* 0.9% 8.1% 85.29%
5 Yr 3.2%* 1.0% 7.9% 87.74%
10 Yr 2.9%* 1.3% 7.5% 87.92%

* Annualized

Return Ranking - Calendar

Period PCGTX Return Category Return Low Category Return High Rank in Category (%)
2019 2.8% -1.7% 13.9% 93.12%
2018 -3.1% -10.3% 2.7% 38.07%
2017 -0.2% -49.5% 8.1% 95.93%
2016 -0.5% -49.3% 192.8% 83.91%
2015 -0.9% -12.2% 0.2% 2.66%

Total Return Ranking - Trailing

Period PCGTX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.0% -8.0% 951.6% 91.40%
1 Yr 5.4% -7.9% 16.6% 55.26%
3 Yr 3.9%* 0.4% 8.1% 75.28%
5 Yr 3.2%* 0.7% 7.9% 81.74%
10 Yr 2.9%* 1.3% 7.5% 85.13%

* Annualized

Total Return Ranking - Calendar

Period PCGTX Return Category Return Low Category Return High Rank in Category (%)
2019 3.1% -1.7% 13.9% 92.32%
2018 0.2% -10.3% 3.9% 4.34%
2017 2.8% -6.0% 8.4% 25.58%
2016 2.1% -5.7% 204.3% 26.00%
2015 1.3% -12.2% 3.7% 1.82%

NAV & Total Return History


PCGTX - Holdings

Concentration Analysis

PCGTX Category Low Category High PCGTX % Rank
Net Assets 326 M 3.15 M 293 B 74.65%
Number of Holdings 922 1 18468 38.73%
Net Assets in Top 10 136 M -1.17 B 39.4 B 62.94%
Weighting of Top 10 42.60% 3.1% 100.0% 23.66%

Top 10 Holdings

  1. Federal National Mortgage Association 2.5% 10.60%
  2. Federal National Mortgage Association 3.5% 9.58%
  3. Federal National Mortgage Association 2.5% 9.06%
  4. Us 10yr Note (Cbt)sep20 Xcbt 20200921 8.05%
  5. Us 10yr Note (Cbt)sep20 Xcbt 20200921 8.05%
  6. Us 10yr Note (Cbt)sep20 Xcbt 20200921 8.05%
  7. Us 10yr Note (Cbt)sep20 Xcbt 20200921 8.05%
  8. Us 10yr Note (Cbt)sep20 Xcbt 20200921 8.05%
  9. Us 10yr Note (Cbt)sep20 Xcbt 20200921 8.05%
  10. Us 10yr Note (Cbt)sep20 Xcbt 20200921 8.05%

Asset Allocation

Weighting Return Low Return High PCGTX % Rank
Bonds
102.30% -56.20% 351.52% 13.30%
Stocks
0.00% -0.16% 10.12% 38.05%
Preferred Stocks
0.00% 0.00% 80.56% 51.58%
Convertible Bonds
0.00% 0.00% 11.80% 89.11%
Other
-0.01% -14.22% 7.23% 87.24%
Cash
-2.28% -238.91% 164.87% 86.78%

Bond Sector Breakdown

Weighting Return Low Return High PCGTX % Rank
Securitized
93.10% 0.00% 98.42% 1.40%
Government
5.07% 0.00% 89.39% 90.78%
Cash & Equivalents
1.80% 0.00% 91.85% 86.03%
Corporate
0.03% 0.00% 100.00% 97.58%
Derivative
0.00% 0.00% 23.62% 49.07%
Municipal
0.00% 0.00% 84.84% 81.38%

Bond Geographic Breakdown

Weighting Return Low Return High PCGTX % Rank
US
97.09% -56.44% 336.16% 11.36%
Non US
5.21% -144.79% 79.88% 77.75%

PCGTX - Expenses

Operational Fees

PCGTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.18% 0.01% 21.33% 21.69%
Management Fee 0.54% 0.00% 0.85% 93.07%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.01% 0.50% 50.11%

Sales Fees

PCGTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

PCGTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 60.00%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PCGTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 3.00% 489.00% 83.33%

PCGTX - Distributions

Dividend Yield Analysis

PCGTX Category Low Category High PCGTX % Rank
Dividend Yield 0.00% 0.00% 3.92% 26.55%

Dividend Distribution Analysis

PCGTX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

PCGTX Category Low Category High PCGTX % Rank
Net Income Ratio 2.26% -0.35% 11.28% 75.70%

Capital Gain Distribution Analysis

PCGTX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

PCGTX - Fund Manager Analysis

Managers

Mabel Lung


Start Date

Tenure

Tenure Rank

Dec 31, 1995

24.85

24.9%

• Mabel has been an integral member in portfolio management of Multi-Asset and Multi-Component Portfolios since 2000 when UBS Asset Management launched the UBS Multi-Asset Managed Accounts Program. • Recognizing the importance of after-tax investment results to US private clients, Mabel led her team to launch Personalized Tax Management in 2011 as a tax overlay investment service to multi-asset portfolios. • Mabel has significant experience in manager selection, overseeing $30 billion of assets for institutional and private clients globally through open architecture of best-in-class managers in liquid strategies, combined with a keen focus on risk-aware and holistic portfolio construction. • Mabel joined the firm in 1984, after her graduate study in business administration and has held various positions in finance, treasury, strategic and business planning, prior to joining the asset management division of the firm in 1995. • Prior to business school, she was a corporate finance analyst at an investment banking firm.

Fred Lee


Start Date

Tenure

Tenure Rank

Dec 31, 2009

10.84

10.8%

Fred Lee, CFA, as the Head of Portfolio Construction & Quantitative Research within the MMS team since January 2009, oversees the portfolio construction process in determining the specific allocations to individual managers. He also leads the team responsible for the quantitative assessment of managers. Mr. Lee is located in the London office of UBS AM, which he joined in 2006 as a Risk Analyst where he provided risk assessment and monitoring for all client portfolios and enhanced proprietary risk models. Prior to joining UBS AM, Mr. Lee worked as a consultant for MSCI Barra providing advice to large investment managers across Europe on the interpretation and use of risk models and analytics.

Gina Toth


Start Date

Tenure

Tenure Rank

Mar 31, 2013

7.59

7.6%

Gina Toth, CFA, is a Portfolio Manager within the MMS team at UBS AM, focusing on fixed income and multi-asset investment strategies, including liquid alternatives. She is part of the team responsible for manager due diligence and selection, portfolio construction, risk management, investment oversight, and performance of multi-asset strategies. Ms. Toth joined the firm in March 2013. Previously, she worked at AllianceBernstein as a Senior Portfolio Manager in New York and Sydney, specializing in multi-asset portfolios, asset allocation and custom solutions for the institutional, high-net worth and retail channels, encompassing both traditional and non-traditional asset classes. She also spent 14 years in New York and London as a fixed income portfolio manager for US and global portfolios.

Daniel Hyman


Start Date

Tenure

Tenure Rank

Apr 30, 2013

7.51

7.5%

Mr. Hyman is a managing director and co-head of the agency mortgage portfolio management team in the Newport Beach office. He is the lead portfolio manager on PIMCO's Ginnie Mae and Mortgage Opportunities Strategies and serves as a member of PIMCO's Executive Committee. Prior to joining PIMCO in 2008, Mr. Hyman was a vice president at Credit Suisse where he traded agency pass-throughs. He holds an undergraduate degree from Lehigh University.

Michael Cudzil


Start Date

Tenure

Tenure Rank

Apr 30, 2013

7.51

7.5%

Mr. Cudzil is a managing director in the Newport Beach office, a senior member of the liability-driven investment portfolio management team and a generalist portfolio manager. He has served as chair of the Americas Portfolio Committee, as a rotating member on the PIMCO Investment Committee and as co-head of the agency MBS portfolio management team. Prior to joining PIMCO in 2012, he worked as a managing director and head of pass-through trading at Nomura. Mr. Cudzil previously held similar roles at Bank of America and Lehman Brothers, as well as a senior trading position at Salomon Brothers. He has 23 years of investment experience and holds a bachelor's degree in political science from the University of Pennsylvania.

Joseph Sciortino


Start Date

Tenure

Tenure Rank

Jul 01, 2019

1.34

1.3%

Joseph Sciortino is the Head of Credit Investments for the MMS team and HFS. Mr. Sciortino is primarily responsible for manager research in structured products and private credit and is involved in corporate credit strategies. He is a member of the portfolio management team and is actively involved in a variety of client-facing functions. Prior to joining UBS in 2006, Mr. Sciortino was a Senior Investment Analyst at Lake Partners, Inc., a multi-billion dollar consultant specializing in alternative investments, where he was responsible for manager research, portfolio management and directing the junior research analysts (from 2000 to 2006).

Steve Bienashski


Start Date

Tenure

Tenure Rank

Jul 01, 2019

1.34

1.3%

Steve Bienashski, CFA, is an Investment Officer for UBS Hedge Fund Solutions. Mr. Bienashski is primarily responsible for manager research in corporate credit, structured credit, and private credit. Prior to joining UBS in 2017, he was a Senior Investment Analyst and Portfolio Manager at International Asset Management (IAM), a multi-billion dollar alternative asset manager that specializes in hedge fund allocations, where he was responsible for sourcing manager allocations, managing client portfolios, and leading credit research for the firm (from 2010 to 2017). Mr. Bienashski started his career as a Credit Underwriter at Regions Financials Corporation and specialized in non-performing CRE loans (from 2009 to 2010).

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 31.85 6.97 1.34
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