PACE Global Fixed Income Investments (PCGLX)
The investment seeks high total return. The fund invests at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in fixed income securities. Such investments may include U.S. government bonds, non-U.S. government bonds, and bonds of U.S. or non-U.S. private issuers. It invests primarily in high-grade bonds of governmental and private issuers. The fund invests in bonds of varying maturities, but normally limits its portfolio duration to within +/- 50% of the effective duration of the fund's benchmark index, Bloomberg Global Aggregate Index.
Fund Info
| ISIN | US69373W6241 |
|---|---|
| Issuer | UBS Asset Management |
| Inception Date | Aug 23, 1995 |
| Category | Global Bonds |
| Min. Investment | $10,000 |
| Asset Class | Bond |
Expense Ratio
PCGLX has a high expense ratio of 0.84%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in PACE Global Fixed Income Investments, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
PACE Global Fixed Income Investments had a return of -3.76% year-to-date (YTD) and -2.46% in the last 12 months. Over the past 10 years, PACE Global Fixed Income Investments had an annualized return of -0.39%, while the S&P 500 had an annualized return of 10.41%, indicating that PACE Global Fixed Income Investments did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -3.76% | 6.17% |
| 1 month | -1.08% | -2.72% |
| 6 months | 4.57% | 17.29% |
| 1 year | -2.46% | 23.80% |
| 5 years (annualized) | -1.33% | 11.47% |
| 10 years (annualized) | -0.39% | 10.41% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -1.55% | -1.22% | 0.68% | -2.46% | ||||||||
| 2023 | -1.13% | 4.96% | 4.77% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PCGLX is 2, indicating that it is in the bottom 2% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
PACE Global Fixed Income Investments(PCGLX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for PACE Global Fixed Income Investments (PCGLX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
PACE Global Fixed Income Investments granted a 3.53% dividend yield in the last twelve months. The annual payout for that period amounted to $0.28 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.28 | $0.27 | $0.15 | $0.46 | $0.36 | $0.19 | $0.17 | $0.15 | $0.30 | $0.32 | $0.39 | $0.29 |
Dividend yield | 3.53% | 3.32% | 1.82% | 4.74% | 3.41% | 1.88% | 1.81% | 1.46% | 3.14% | 3.30% | 3.73% | 2.73% |
Monthly Dividends
The table displays the monthly dividend distributions for PACE Global Fixed Income Investments. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.02 | $0.02 | $0.02 | $0.02 | ||||||||
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.37 |
| 2020 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.21 |
| 2019 | $0.02 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.03 |
| 2018 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.02 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 |
| 2017 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 |
| 2016 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.11 |
| 2015 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.12 |
| 2014 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.13 |
| 2013 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.02 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the PACE Global Fixed Income Investments. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the PACE Global Fixed Income Investments was 24.80%, occurring on Oct 20, 2022. The portfolio has not yet recovered.
The current PACE Global Fixed Income Investments drawdown is 18.82%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -24.8% | Jan 6, 2021 | 452 | Oct 20, 2022 | — | — | — |
| -19.38% | Dec 15, 1998 | 369 | May 17, 2000 | 663 | Jan 14, 2003 | 1032 |
| -18.19% | Mar 27, 2008 | 149 | Oct 27, 2008 | 217 | Sep 8, 2009 | 366 |
| -12.75% | Dec 2, 2009 | 128 | Jun 7, 2010 | 79 | Sep 28, 2010 | 207 |
| -12.36% | Aug 19, 2016 | 83 | Dec 15, 2016 | 806 | Mar 3, 2020 | 889 |
Volatility
Volatility Chart
The current PACE Global Fixed Income Investments volatility is 1.74%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.