PCSIX: PACE Strategic Fixed Income Investments - MutualFunds.com
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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$14.23

-

2.34%

$0.33

1.03%

Vitals

YTD Return

-1.9%

1 yr return

2.0%

3 Yr Avg Return

6.5%

5 Yr Avg Return

4.2%

Net Assets

$696 M

Holdings in Top 10

37.9%

52 WEEK LOW AND HIGH

$14.30
$13.90
$14.92

Expenses

OPERATING FEES

Expense Ratio 1.03%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 248.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$10,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

Intermediate Core-Plus Bond


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$14.23

-

2.34%

$0.33

1.03%

PCSIX - Profile

Distributions

  • YTD Total Return -1.9%
  • 3 Yr Annualized Total Return 6.5%
  • 5 Yr Annualized Total Return 4.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.83%
DIVIDENDS
  • Dividend Yield 2.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    PACE Strategic Fixed Income Investments
  • 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

The fund invests at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in investment grade fixed income securities. It also invests, to a limited extent, in bonds that are below investment grade. The advisor may, but is not required to, use exchange-traded or over-the-counter derivative instruments for risk management purposes or to attempt to increase total returns.


PCSIX - Performance

Return Ranking - Trailing

Period PCSIX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.9% -83.6% 1371.0% 64.73%
1 Yr 2.0% -9.5% 15.9% 32.13%
3 Yr 6.5%* 0.1% 10.6% 16.20%
5 Yr 4.2%* 0.8% 7.9% 15.21%
10 Yr 4.0%* 0.9% 8.7% 25.72%

* Annualized

Return Ranking - Calendar

Period PCSIX Return Category Return Low Category Return High Rank in Category (%)
2020 3.4% -82.5% 1027.9% 60.54%
2019 6.5% -20.8% 23.0% 19.94%
2018 -4.4% -11.4% 2.7% 81.76%
2017 2.7% -49.5% 12.4% 8.96%
2016 -0.7% -49.3% 192.8% 85.09%

Total Return Ranking - Trailing

Period PCSIX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.9% -83.6% 97.2% 65.86%
1 Yr 2.0% -12.2% 15.9% 23.87%
3 Yr 6.5%* -0.9% 10.6% 14.42%
5 Yr 4.2%* 0.7% 7.9% 13.39%
10 Yr 4.0%* 0.9% 8.7% 23.58%

* Annualized

Total Return Ranking - Calendar

Period PCSIX Return Category Return Low Category Return High Rank in Category (%)
2020 3.4% -82.5% 1027.9% 60.54%
2019 6.7% -20.8% 23.0% 16.82%
2018 -1.2% -11.4% 3.9% 16.18%
2017 5.5% -6.0% 12.4% 2.68%
2016 4.3% -7.0% 204.3% 6.94%

NAV & Total Return History


PCSIX - Holdings

Concentration Analysis

PCSIX Category Low Category High PCSIX % Rank
Net Assets 696 M 3.23 M 318 B 61.37%
Number of Holdings 465 1 18612 64.90%
Net Assets in Top 10 257 M -1.01 B 45.4 B 49.04%
Weighting of Top 10 37.93% 4.0% 100.0% 31.85%

Top 10 Holdings

  1. Us 5yr Note (Cbt) Jun20 Xcbt 20200630 12.75%
  2. Us 5yr Note (Cbt) Jun20 Xcbt 20200630 12.75%
  3. Us 5yr Note (Cbt) Jun20 Xcbt 20200630 12.75%
  4. Us 5yr Note (Cbt) Jun20 Xcbt 20200630 12.75%
  5. Us 5yr Note (Cbt) Jun20 Xcbt 20200630 12.75%
  6. Us 5yr Note (Cbt) Jun20 Xcbt 20200630 12.75%
  7. Us 5yr Note (Cbt) Jun20 Xcbt 20200630 12.75%
  8. Us 5yr Note (Cbt) Jun20 Xcbt 20200630 12.75%
  9. Us 5yr Note (Cbt) Jun20 Xcbt 20200630 12.75%
  10. Us 5yr Note (Cbt) Jun20 Xcbt 20200630 12.75%

Asset Allocation

Weighting Return Low Return High PCSIX % Rank
Bonds
96.45% -48.07% 176.88% 40.75%
Cash
1.82% -86.81% 162.28% 60.35%
Convertible Bonds
1.73% 0.00% 38.29% 35.92%
Stocks
0.00% -0.23% 24.74% 72.29%
Preferred Stocks
0.00% 0.00% 84.24% 79.49%
Other
0.00% -15.00% 16.74% 63.54%

Bond Sector Breakdown

Weighting Return Low Return High PCSIX % Rank
Government
45.11% 0.00% 80.01% 7.57%
Corporate
32.01% 0.00% 100.00% 47.40%
Securitized
16.48% 0.00% 98.27% 82.77%
Derivative
4.52% 0.00% 22.07% 9.30%
Cash & Equivalents
1.63% 0.00% 100.00% 80.67%
Municipal
0.25% 0.00% 100.00% 58.43%

Bond Geographic Breakdown

Weighting Return Low Return High PCSIX % Rank
US
71.98% -48.49% 245.19% 90.98%
Non US
24.47% -108.35% 39.51% 5.56%

PCSIX - Expenses

Operational Fees

PCSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.03% 0.01% 2.91% 17.55%
Management Fee 0.51% 0.00% 0.95% 91.54%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.01% 0.50% 57.17%

Sales Fees

PCSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

PCSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 67.16%

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.

PCSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 248.00% 6.00% 496.00% 78.20%

PCSIX - Distributions

Dividend Yield Analysis

PCSIX Category Low Category High PCSIX % Rank
Dividend Yield 2.34% 0.00% 3.21% 68.33%

Dividend Distribution Analysis

PCSIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

PCSIX Category Low Category High PCSIX % Rank
Net Income Ratio 2.83% -0.20% 8.97% 9.72%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

PCSIX - Fund Manager Analysis

Managers

Mabel Lung


Start Date

Tenure

Tenure Rank

Dec 31, 1995

25.68

25.7%

• 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

11.67

11.7%

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

8.42

8.4%

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.

Thanos Bardas


Start Date

Tenure

Tenure Rank

Jan 21, 2015

6.61

6.6%

Thanos Bardas, PhD, Managing Director, joined the firm in 1998. Thanos is the Head of Global Rates and serves as a Senior Portfolio Manager on Global Investment Grade and Multi-Sector Fixed income strategies. He sits on the firm’s Asset Allocation Committee and Fixed Income’s Investment Strategy Committee, and is a member of the Fixed Income Multi-Sector Group. Thanos also leads the Global Rates team in determining rates exposure across various portfolio strategies and oversees both inflation and LDI investments. Thanos graduated with honors from Aristotle University, Greece, earned his MS from the University of Crete, Greece, and holdsa PhD in Theoretical Physics from State University of New York at Stony Brook. He holds FINRA Series 7 and Series 66 licenses.

David Brown


Start Date

Tenure

Tenure Rank

Jan 21, 2015

6.61

6.6%

David M. Brown, CFA, Managing Director, rejoined the firm in 2003. Dave is Global Co-Head of Investment Grade and acts as Senior Portfolio Manager on both Global Investment Grade and Multi-Sector Fixed Income strategies. He is a member of the Fixed Income Investment Strategy Committee and the Fixed Income Multi-Sector Group. Dave also leads the Investment Grade Credit team in determining credit exposures across both Global Investment Grade and Multi-Sector Fixed Income strategies. Dave initially joined the firm in 1991 after graduating from the University of Notre Dame with a BA in Government and subsequently received his MBA in Finance from Northwestern University. Prior to his return, he was a senior credit analyst at Zurich Scudder Investments and later a credit analyst and portfolio manager at Deerfield Capital. Dave has been awarded the Chartered Financial Analyst designation.

Bradley Tank


Start Date

Tenure

Tenure Rank

Jan 21, 2015

6.61

6.6%

Brad C. Tank is a Managing Director of the Manager. He joined the firm in 2002 and is the Chief Investment Officer and Global Head of Fixed Income. He is a member of the firm’s Operating, Investment Risk, Asset Allocation and Fixed Income’s Investment Strategy Committees, and leads the Fixed Income Multi-Sector Group. He joined the firm after 23 years of experience in trading and asset management. From 2008 through 2015, Brad was Chief Investment Officer of Neuberger Berman’s Multi-Asset Class Investment business and remains an important member of that team along with the firm’s other CIOs. From 1990 to2002, Brad was director of fixed income for Strong Capital Management in Wisconsin. He was also a member of the Office of the CEO and headed institutional and intermediary distribution. In 1997, Brad was named “Runner Up” for Morningstar Mutual Fund Manager of the Year. From 1982 to 1990, he was a vice president at Salomon Brothers in the government, mortgage and financial institutions areas. Brad earned a BBA and an MBA from the University of Wisconsin.

Ashok Bhatia


Start Date

Tenure

Tenure Rank

Dec 31, 2017

3.67

3.7%

Ashok K. Bhatia, CFA, is a Managing Director of the Manager. He joined the firm in July 2017 and is the Deputy Chief Investment Officer of Fixed Income. He is a lead portfolio manager on multi-sector fixed income strategies and is also a member of the Multi-Asset Class portfolio management team, the Fixed Income Investment Strategy Committee and the firm’s Asset Allocation Committee. Previously, Ashok has held senior investment and leadership positions in several asset management firms and hedge funds, including Wells Fargo Asset Management, Balyasny Asset Management, and Stark Investments. Ashok has had investment responsibilities across global fixed income and currency markets. Ashok began his career in 1993 as an investment analyst at Morgan Stanley. Ashok received a BA with high honors in Economics from the University of Michigan, Ann Arbor, and an MBA with high honors from the University of Chicago. He has been awarded the Chartered Financial Analyst designation.

Adam Grotzinger


Start Date

Tenure

Tenure Rank

Nov 27, 2019

1.76

1.8%

Adam Grotzinger, CFA, Managing Director, joined the firm in 2015. Adam is a Senior Fixed Income Portfolio Manager based in Chicago. Prior to joining Neuberger Berman, Adam worked in the Fixed Income teams at Franklin Templeton in Singapore, London and California. Adam graduated Cum Laude from the University of Vermont with a B.S. in International Business and a minor in Political Science. He is a Chartered Financial Analyst (CFA) Charterholder and member of the Chicago CFA society

David Kelly


Start Date

Tenure

Tenure Rank

Jun 04, 2021

0.24

0.2%

David Kelly is a portfolio manager for Americas House View Portfolios for UBS AM. Mr. Kelly is responsible for managing portfolios offered to UBS Financial Services clients that are aligned with UBS Financial Services House Views. He is a voting member of the Managed Account Solutions Investment Committee. Prior to joining UBS AM in May 2021, Mr. Kelly was a portfolio manager in the Investment Management group of UBS Financial Services, where he was responsible for strategy selection, portfolio construction and management of the multi-managed strategies. Mr. Kelly was a voting member of the Investment Management Investment Committee and was a member of the Investment Management Research Committee. Prior to joining UBS in 2004, Mr. Kelly worked at Merrill Lynch for 15 years where he served in a variety of municipal and taxable fixed income capacities, including private client sales, municipal new issue marketing and fixed income portfolio construction.

Chris Andersen


Start Date

Tenure

Tenure Rank

Jun 04, 2021

0.24

0.2%

Christopher is Head of Portfolio Management, Americas House View Portfolios for UBS Asset Management. In his role, Christopher is responsible for leading the portfolio management activities of portfolios offered to UBS Wealth Management clients that are aligned with UBS Wealth Management House Views. In that capacity, he leads a team of portfolio managers responsible for the House View Portfolios, which implement the House View’s strategic and tactical asset allocations, with passive and active pooled vehicles and individual securities. Christopher is deputy-chair and a voting member of the Managed Account Solutions Investment Committee. The Investment Committee reviews and approves investment strategies, prior to implementation, in the House View portfolios. Prior to moving to UBS Asset Management in November 2020, Christopher was promoted to Head of Portfolio Construction Americas for UBS Global Wealth Management in 2018. Christopher led the portfolio management activities of the team of portfolio managers responsible for the UBS Managed Portfolios (renamed as House View Portfolios). Christopher chaired the Investment Management Investment Committee (IMIC) and was a member of the Investment Management Research Committee (IMRC). Prior to joining UBS in 2012, Christopher spent 15 years with New York Life Investment Management (NYLIM) overseeing the company’s Investment Consulting Group. In this role, he was responsible for the independent oversight of investment activities of the Mainstay Funds, as well as manager selection across asset allocation strategies, sub-advisory mandates and NYLIM's mutual fund M&A activities. Christopher received a B.A. in economics and German from Binghamton University.  Christopher holds the Chartered Financial Analyst® (CFA) designation and is a member of the CFA Society New York. He is FINRA Series 7, 24 and 63 licensed.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 32.68 6.65 0.42