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Morningstar

PACE Mort-Backed Secs Fxd Inc Invests Y PFXYX

Morningstar Medalist Rating
Medalist Rating as of | See UBS Investment Hub
  • NAV / 1-Day Return 10.32  /  +0.49 %
  • Total Assets 185.9 Mil
  • Adj. Expense Ratio
    0.720%
  • Expense Ratio 0.720%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Intermediate Core Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 2.0 Mil
  • Status Open
  • TTM Yield 5.00%
  • Effective Duration —

USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 2024, 11:52 PM GMT+0

Morningstar’s Analysis PFXYX

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

  • People Pillar

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

Strength in PACE Mort-Backed Secs Fxd Inc Invests Y'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 PFXYX

More PFXYX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 6.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Bwu021hn5 Irs Usd R V 12msofr Swuv21hn7 Ccpois

12.02 29.5 Mil
Government

Swu021ho3 Irs Usd R F 4.60000 Swu021ho3 Ccpois

11.95 29.3 Mil
Government

Bwu021ib0 Irs Usd R V 12msofr Swuv21ib2 Ccpois

11.21 27.5 Mil
Government

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

11.00 27.0 Mil
Government

Federal National Mortgage Association 2%

10.40 25.5 Mil
Securitized

Federal National Mortgage Association 6.5%

9.81 24.1 Mil
Securitized

Federal National Mortgage Association 3.5%

7.85 19.3 Mil
Securitized

Bwu01o3m3 Irs Usd R V 12msofr Swuv1o3m5 Ccpois

7.58 18.6 Mil
Government

Bwu021g97 Irs Usd R V 12msofr Swuv21g99 Ccpois

6.52 16.0 Mil
Government

Swu01h5t1 Irs Usd R F 1.75000 Swu01h5t1 Ccpois

6.25 15.3 Mil
Government