PCSIX: PACE Strategic Fixed Income Investments - MutualFunds.com

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PACE Strategic Fixed Income P

PCSIX - Snapshot

Vitals

  • YTD Return 6.3%
  • 3 Yr Annualized Return 5.3%
  • 5 Yr Annualized Return 4.9%
  • Net Assets $693 M
  • Holdings in Top 10 44.3%

52 WEEK LOW AND HIGH

$14.86
$13.08
$14.95

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.13%

SALES FEES

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

BROKERAGE FEES

  • Turnover 248.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification


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

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$11.64

+0.26%

$293.42 B

-

$0.02

5.34%

-

$88.37

+0.22%

$293.42 B

2.30%

$2.03

5.38%

-

$11.56

+0.26%

$204.55 B

2.26%

$0.26

5.00%

-

$11.69

+0.17%

$89.02 B

1.67%

$0.19

6.86%

-

$118.26

+0.17%

$81.57 B

2.23%

$2.64

5.24%

-

PCSIX - Profile

Distributions

  • YTD Total Return 6.3%
  • 3 Yr Annualized Total Return 5.3%
  • 5 Yr Annualized Total Return 4.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.83%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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 6.3% -8.0% 951.5% 32.22%
1 Yr 6.6% -4.8% 16.6% 30.53%
3 Yr 5.3%* 0.9% 8.1% 19.62%
5 Yr 4.9%* 1.0% 7.9% 9.44%
10 Yr 4.2%* 1.3% 7.5% 19.38%

* Annualized

Return Ranking - Calendar

Period PCSIX Return Category Return Low Category Return High Rank in Category (%)
2019 6.5% -1.7% 13.9% 19.74%
2018 -4.4% -10.3% 2.7% 83.30%
2017 2.7% -49.5% 8.1% 8.02%
2016 -0.7% -49.3% 192.8% 87.39%
2015 -3.6% -12.2% 0.2% 72.55%

Total Return Ranking - Trailing

Period PCSIX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.3% -8.0% 951.5% 32.22%
1 Yr 6.6% -7.9% 16.6% 26.77%
3 Yr 5.3%* 0.4% 8.1% 18.09%
5 Yr 4.9%* 0.7% 7.9% 8.04%
10 Yr 4.2%* 1.3% 7.5% 17.75%

* Annualized

Total Return Ranking - Calendar

Period PCSIX Return Category Return Low Category Return High Rank in Category (%)
2019 6.7% -1.7% 13.9% 16.45%
2018 -1.2% -10.3% 3.9% 17.35%
2017 5.5% -6.0% 8.4% 2.33%
2016 4.3% -5.7% 204.3% 6.31%
2015 -0.2% -12.2% 3.7% 12.32%

NAV & Total Return History


PCSIX - Holdings

Concentration Analysis

PCSIX Category Low Category High PCSIX % Rank
Net Assets 693 M 3.15 M 293 B 60.04%
Number of Holdings 523 1 18468 61.36%
Net Assets in Top 10 376 M -1.17 B 39.4 B 43.76%
Weighting of Top 10 44.30% 3.1% 100.0% 22.23%

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
97.58% -56.20% 351.52% 28.19%
Convertible Bonds
1.29% 0.00% 11.80% 43.85%
Cash
1.12% -238.91% 164.87% 71.97%
Stocks
0.00% -0.16% 10.12% 76.28%
Preferred Stocks
0.00% 0.00% 80.56% 82.68%
Other
0.00% -14.22% 7.23% 66.48%

Bond Sector Breakdown

Weighting Return Low Return High PCSIX % Rank
Government
47.77% 0.00% 89.39% 2.98%
Corporate
27.45% 0.00% 100.00% 67.04%
Securitized
22.53% 0.00% 98.42% 76.26%
Cash & Equivalents
1.30% 0.00% 91.85% 90.69%
Derivative
0.75% 0.00% 23.62% 20.02%
Municipal
0.20% 0.00% 84.84% 60.80%

Bond Geographic Breakdown

Weighting Return Low Return High PCSIX % Rank
US
73.51% -56.44% 336.16% 85.85%
Non US
24.07% -144.79% 79.88% 5.31%

PCSIX - Expenses

Operational Fees

PCSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.13% 0.01% 21.33% 24.12%
Management Fee 0.51% 0.00% 0.85% 92.13%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.01% 0.50% 55.35%

Sales Fees

PCSIX 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

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% 3.00% 489.00% 79.83%

PCSIX - Distributions

Dividend Yield Analysis

PCSIX Category Low Category High PCSIX % Rank
Dividend Yield 0.00% 0.00% 3.92% 74.28%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

PCSIX Category Low Category High PCSIX % Rank
Net Income Ratio 2.83% -0.35% 11.28% 34.39%

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

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.

Thanos Bardas


Start Date

Tenure

Tenure Rank

Jan 21, 2015

5.78

5.8%

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

5.78

5.8%

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

5.78

5.8%

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

2.84

2.8%

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.

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).

Adam Grotzinger


Start Date

Tenure

Tenure Rank

Nov 27, 2019

0.93

0.9%

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

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 31.85 6.98 1.34
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