PACE Global Fixed Income Investments (PCGLX)

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PACE Global Fixed Income Investments (PCGLX) is down 0.2% since the beginning of the year. PCGLX is currently trading at $8 per share. Investors who bought $1,000 worth of PCGLX shares 5 years ago would now be looking at an investment worth $913.

PACE Global Fixed Income Investments (PCGLX) has returned -0.19% so far this year and 2.39% over the past 12 months. Over the last ten years, PCGLX has returned -0.10% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Aug 18, 1995, PCGLX's average daily return is +0.01%, while the average monthly return is +0.26%. At this rate, an investment would double in approximately 22.2 years.

Historically, 56% of months were positive and 44% were negative. The best month was Dec 2008 with a return of +10.3%, while the worst month was Nov 2010 at -6.2%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 8 months.

On a daily basis, PCGLX closed higher 45% of trading days. The best single day was Jan 3, 2001 with a return of +6.4%, while the worst single day was Jan 2, 2001 at -5.1%.

PACE Global Fixed Income Investments has an annualized alpha of 2.98%, beta of 0.02, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since August 18, 1995.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (15.02%) than losses (11.88%) - typical of diversified or defensive assets.
• Beta of 0.02 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

PCGLX has an expense ratio of 0.84%, placing it in the medium range.

PCGLX ranks 6 for risk / return — in the bottom 6% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

PACE Global Fixed Income Investments provided a 3.80% dividend yield over the last twelve months, with an annual payout of $0.30 per share.

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.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

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 24.81%, occurring on Oct 20, 2022. The portfolio has not yet recovered.

The current PACE Global Fixed Income Investments drawdown is 11.22%.

The chart below shows the rolling one-month volatility.