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Morningstar

PACE Mort-Backed Secs Fxd Inc Invests P PCGTX

Morningstar Medalist Rating
Medalist Rating as of | See UBS Investment Hub
  • NAV / 1-Day Return 10.02  /  +0.10 %
  • Total Assets 186.5 Mil
  • Adj. Expense Ratio
    0.720%
  • Expense Ratio 0.720%
  • Distribution Fee Level Above Average
  • Share Class Type No Load
  • Category Intermediate Core Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 10,000
  • Status Open
  • TTM Yield 5.04%
  • Effective Duration —

USD | NAV as of Apr 19, 2024 | 1-Day Return as of Apr 19, 2024, 10:18 PM GMT+0

Morningstar’s Analysis PCGTX

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

  • People Pillar

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

Strength in PACE Mort-Backed Secs Fxd Inc Invests P's People Pillar is partially offset by an Average Process Pillar rating, leading to 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 second-highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings PCGTX

More PCGTX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 16.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

3 Month Sofr Fut Mar24 Xcme 20240618

31.94 90.4 Mil
Government

Federal National Mortgage Association 6.5%

13.15 37.2 Mil
Securitized

Federal National Mortgage Association 2%

9.84 27.9 Mil
Securitized

Bwu01pyg9 Irs Usd R V 03msofr Bwu01pyg9 Ccpois Sofr +0.26161

9.54 27.0 Mil
Government

Swu01nxr1 Irs Usd R F 3.00000 Swu01nxr1 Ccpois

9.45 26.8 Mil
Government

Federal National Mortgage Association 2%

9.40 26.6 Mil
Securitized

10 Year Treasury Note Future Mar 24

7.10 20.1 Mil
Government

Government National Mortgage Association 3%

6.95 19.7 Mil
Securitized

Bwu01o3m3 Irs Usd R V 12msofr Swuv1o3m5 Ccpois

6.57 18.6 Mil
Government

Bwu01k5t4 Irs Usd R V 12msofr Swuv1k5t6 Ccpois

6.15 17.4 Mil
Government