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Morningstar

PACE Municipal Fixed Income A PMUAX

Morningstar Medalist Rating
Medalist Rating as of | See UBS Investment Hub
  • NAV / 1-Day Return 12.14  /  0.17 %
  • Total Assets 197.5 Mil
  • Adj. Expense Ratio
    0.820%
  • Expense Ratio 0.820%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Muni National Interm
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.15%
  • Effective Duration —

USD | NAV as of Dec 05, 2023 | 1-Day Return as of Dec 05, 2023, 11:16 PM GMT+0

Morningstar’s Analysis PMUAX

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

People Pillar

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

Strength in PACE Municipal Fixed Income A'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 PMUAX

More PMUAX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 127
  • Other Holdings 1
  • % Assets in Top 10 Holdings 18.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

TOBACCO SETTLEMENT FING CORP N J 5%

4.08
8,582,121
municipal

INDIANA FIN AUTH HEALTH SYS REV 2.25%

2.42
5,099,851
municipal

KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 4%

1.78
3,749,032
municipal

MICHIGAN ST STRATEGIC FD LTD OBLIG REV 5%

1.64
3,456,564
municipal

ALLEGHENY CNTY PA HOSP DEV AUTH REV 5%

1.61
3,386,962
municipal

CITIZENS PPTY INS CORP FLA 5%

1.57
3,310,829
municipal

METROPOLITAN GOVT NASHVILLE & DAVIDSON CNTY TENN 4%

1.53
3,219,288
municipal

NEW YORK ST DORM AUTH ST PERS INCOME TAX REV 4%

1.34
2,826,919
municipal

NORTH TEX TWY AUTH REV 5%

1.34
2,823,672
municipal

CONNECTICUT ST SPL TAX OBLIG REV 4%

1.27
2,673,860
municipal