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Morningstar

PACE Intermediate Fixed Income Y PIFYX

Morningstar Medalist Rating
Medalist Rating as of | See UBS Investment Hub
  • NAV / 1-Day Return 10.24  /  0.39 %
  • Total Assets 209.9 Mil
  • Adj. Expense Ratio
    0.610%
  • Expense Ratio 0.610%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Intermediate Core Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 2,000,000
  • Status Open
  • TTM Yield 5.71%
  • Effective Duration —

USD | NAV as of Nov 28, 2023 | 1-Day Return as of Nov 28, 2023, 11:18 PM GMT+0

Morningstar’s Analysis PIFYX

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

People Pillar

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

Strength in PACE Intermediate Fixed Income Y's Process Pillar is partially offset by an Average People 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 PIFYX

More PIFYX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 259
  • Other Holdings 8
  • % Assets in Top 10 Holdings 20.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Ultra 10 Year US Treasury Note Future Sept 23

7.57
19,302,422
Government

Us Ultra Bond Cbt Sep23 Xcbt 20230920

7.47
19,039,500
Government

10 Year Treasury Note Future Sept 23

5.38
13,702,969
Government

Us Long Bond(Cbt) Sep23 Xcbt 20230920

3.47
8,835,062
Government

2 Year Treasury Note Future Sept 23

1.91
4,872,750
Government

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

0.98
2,486,250
Corporate

United States Treasury Bonds 1.375%

0.94
2,394,941
Government

REGIONAL MANAGEMENT ISSUANCE TRUST 2022-B 8.51%

0.94
2,388,901
Securitized

CREDIT ACCEPTANCE AUTO LOAN TRUST 2022-3 8.45%

0.93
2,362,270
Securitized

SBA Tower Trust 6.599%

0.92
2,333,013
Securitized