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Morningstar

PACE Strategic Fixed Income A PBNAX

Morningstar Medalist Rating
Medalist Rating as of | See UBS Investment Hub
  • NAV / 1-Day Return 11.48  /  +0.26 %
  • Total Assets 434.5 Mil
  • Adj. Expense Ratio
    1.050%
  • Expense Ratio 1.050%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 5.21%
  • Effective Duration —

USD | NAV as of Apr 23, 2024 | 1-Day Return as of Apr 23, 2024, 10:14 PM GMT+0

Morningstar’s Analysis PBNAX

Will PBNAX 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 PBNAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

PACE Strategic 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

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Portfolio Holdings PBNAX

More PBNAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 28.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Bonds 3.25%

7.42 9.7 Mil
Government

United States Treasury Notes 0.5%

5.29 6.9 Mil
Government

Federal National Mortgage Association 4%

4.83 6.3 Mil
Securitized

Swu01ot37 Irs Cad R F 4.00000 Swu01ot37 Ccpois

3.68 4.8 Mil
Government

2 Year Treasury Note Future Mar 24

3.46 4.5 Mil
Government

3 Month Sofr Fut Dec23 Xcme 20240319

3.44 4.5 Mil
Government

Bwu01o3a9 Irs Usd R V 12msofr Swuv1o3a1 Ccpois

3.21 4.2 Mil
Government

Fnma Pass-Thru I 3.5%

2.78 3.6 Mil
Securitized

Federal National Mortgage Association 5.5%

2.53 3.3 Mil
Securitized

Swu01ot78 Irs Cad R F 3.75000 Swu01ot78 Ccpois

2.32 3.0 Mil
Government