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Morningstar

PACE High Yield A PHIAX

Morningstar Medalist Rating
Medalist Rating as of | See UBS Investment Hub
  • NAV / 1-Day Return 8.20  /  0.12 %
  • Total Assets 191.9 Mil
  • Adj. Expense Ratio
    1.060%
  • Expense Ratio 1.060%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 5.95%
  • Effective Duration —

USD | NAV as of Sep 28, 2023 | 1-Day Return as of Sep 28, 2023, 10:24 PM GMT+0

Morningstar’s Analysis PHIAX

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

People Pillar

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

PACE High Yield 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 second-highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings PHIAX

More PHIAX Holdings
  • Current Portfolio Date
  • Equity Holdings 21
  • Bond Holdings 1346
  • Other Holdings 32
  • % Assets in Top 10 Holdings 3.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Ssc Government Mm Gvmxx

1.10
2,188,630
Cash and Equivalents

Carnival Corporation 5.75%

0.78
1,543,124
Corporate

Eur

0.60
1,186,304
Cash and Equivalents

Petroleos Mexicanos 6.5%

0.40
790,625
Corporate

IHO Verwaltungs GmbH 8.75%

0.38
754,270
Corporate

Petroleos Mexicanos 6.875%

0.35
687,662
Corporate

TransDigm, Inc. 5.5%

0.34
671,777
Corporate

Petroleos Mexicanos 7.69%

0.32
632,938
Corporate

CCO Holdings, LLC/ CCO Holdings Capital Corp. 4.75%

0.31
620,611
Corporate

Unicredit Spa 2%

0.31
612,963
Corporate