PACE Mortgage-Backed Securities Fixed Income Investments (PCGTX)
The investment seeks current income. Under normal circumstances, the fund invests at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in a diversified portfolio of mortgage-related fixed income instruments, including mortgage-backed securities (including mortgage pass-through securities and collateralized mortgage obligations ("CMOs"), commercial mortgage-backed securities, "to be announced" (or "TBA") securities and mortgage dollar rolls).
Fund Info
| ISIN | US69373W7728 |
|---|---|
| Issuer | UBS Asset Management |
| Inception Date | Aug 24, 1995 |
| Category | Intermediate Core Bond |
| Min. Investment | $10,000 |
| Asset Class | Bond |
Expense Ratio
PCGTX has a high expense ratio of 0.73%, 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 Mortgage-Backed Securities 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 Mortgage-Backed Securities Fixed Income Investments had a return of -1.98% year-to-date (YTD) and -0.53% in the last 12 months. Over the past 10 years, PACE Mortgage-Backed Securities Fixed Income Investments had an annualized return of 0.88%, while the S&P 500 had an annualized return of 10.64%, indicating that PACE Mortgage-Backed Securities Fixed Income Investments did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -1.98% | 7.50% |
| 1 month | -0.64% | -1.61% |
| 6 months | 4.50% | 17.65% |
| 1 year | -0.53% | 26.26% |
| 5 years (annualized) | -0.52% | 11.73% |
| 10 years (annualized) | 0.88% | 10.64% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.37% | -1.49% | 1.20% | -2.97% | ||||||||
| 2023 | -2.38% | 5.52% | 4.28% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PCGTX is 4, indicating that it is in the bottom 4% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
PACE Mortgage-Backed Securities Fixed Income Investments(PCGTX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for PACE Mortgage-Backed Securities Fixed Income Investments (PCGTX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
PACE Mortgage-Backed Securities Fixed Income Investments granted a 5.08% dividend yield in the last twelve months. The annual payout for that period amounted to $0.51 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.51 | $0.53 | $0.39 | $0.36 | $0.42 | $0.45 | $0.41 | $0.38 | $0.35 | $0.28 | $0.26 | $0.33 |
Dividend yield | 5.08% | 5.02% | 3.67% | 2.87% | 3.23% | 3.53% | 3.34% | 2.96% | 2.71% | 2.21% | 2.03% | 2.63% |
Monthly Dividends
The table displays the monthly dividend distributions for PACE Mortgage-Backed Securities 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 | $0.04 | $0.04 | $0.04 | $0.04 | ||||||||
| 2023 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.05 |
| 2021 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2020 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 |
| 2019 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 |
| 2018 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2016 | $0.03 | $0.03 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.02 | $0.03 | $0.03 |
| 2015 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 |
| 2014 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2013 | $0.04 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
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 Mortgage-Backed Securities 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 Mortgage-Backed Securities Fixed Income Investments was 19.34%, occurring on Oct 20, 2022. The portfolio has not yet recovered.
The current PACE Mortgage-Backed Securities Fixed Income Investments drawdown is 11.97%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -19.34% | Feb 5, 2021 | 431 | Oct 20, 2022 | — | — | — |
| -4.93% | Sep 9, 2008 | 53 | Nov 20, 2008 | 30 | Jan 6, 2009 | 83 |
| -4.84% | Mar 6, 2020 | 10 | Mar 19, 2020 | 13 | Apr 7, 2020 | 23 |
| -4.44% | May 1, 2013 | 89 | Sep 5, 2013 | 150 | Apr 10, 2014 | 239 |
| -3.83% | Apr 30, 1999 | 73 | Aug 10, 1999 | 63 | Nov 5, 1999 | 136 |
Volatility
Volatility Chart
The current PACE Mortgage-Backed Securities Fixed Income Investments volatility is 2.71%, 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.