Morningstar

PACE Intermediate Fixed Income A PIFAX

Morningstar Medalist Rating
Medalist Rating as of | See UBS Investment Hub
  • NAV / 1-Day Return 10.84  /  +0.28 %
  • Total Assets 209.9 Mil
  • Adj. Expense Ratio
    0.860%
  • Expense Ratio 0.860%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Intermediate Core Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 5.50%
  • Effective Duration —

USD | NAV as of Sep 27, 2024 | 1-Day Return as of Sep 27, 2024, 10:20 PM GMT+0

Morningstar’s Analysis PIFAX

Will PIFAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PIFAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PIFAX 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 PIFAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

PACE Intermediate Fixed Income A's Average People Pillar and Process Pillar ratings result in a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.

by Morningstar Manager Research
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings PIFAX

More PIFAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 23.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Ultra 10 Year US Treasury Note Future June 24

10.83 27.6 Mil
Government

Us Ultra Bond Cbt Jun24 Xcbt 20240618

7.05 17.9 Mil
Government

10 Year Treasury Note Future June 24

4.65 11.8 Mil
Government

Us Long Bond(Cbt) Jun24 Xcbt 20240618

4.61 11.7 Mil
Government

2 Year Treasury Note Future June 24

1.43 3.6 Mil
Government

Swiss Re Finance (Luxembourg) S.A. 5%

0.98 2.5 Mil
Corporate

REGIONAL MANAGEMENT ISSUANCE TRUST 2022-B 8.51%

0.95 2.4 Mil
Securitized

Energy Transfer LP 9.5966%

0.95 2.4 Mil
Corporate

CREDIT ACCEPTANCE AUTO LOAN TRUST 2022-3 8.45%

0.93 2.4 Mil
Securitized

Blackstone Mortgage Trust, Inc 3.75%

0.93 2.4 Mil
Corporate

Sponsor Center