PACE Mortgage-Backed Securities Fixed Income Investments (PCGTX)

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PACE Mortgage-Backed Securities Fixed Income Investments (PCGTX) is up 3.2% since the beginning of the year. PCGTX is currently trading at $11 per share. Investors who bought $1,000 worth of PCGTX shares 5 years ago would now be looking at an investment worth $1,022.

PACE Mortgage-Backed Securities Fixed Income Investments (PCGTX) has returned 3.21% so far this year and 8.64% over the past 12 months. Over the last ten years, PCGTX has returned 1.57% 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, PCGTX's average daily return is +0.02%, while the average monthly return is +0.33%. At this rate, an investment would double in approximately 17.5 years.

Historically, 70% of months were positive and 30% were negative. The best month was Nov 2023 with a return of +5.5%, while the worst month was Sep 2022 at -5.8%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 9 months.

On a daily basis, PCGTX closed higher 45% of trading days. The best single day was Feb 5, 2026 with a return of +2.9%, while the worst single day was Jan 8, 2008 at -2.7%.

PACE Mortgage-Backed Securities Fixed Income Investments has an annualized alpha of 4.09%, beta of 0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since August 18, 1995.

• This fund captured 11.42% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -3.77%) - a profile typical of hedging or uncorrelated assets.
• Beta of 0.00 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.

PCGTX has an expense ratio of 0.73%, placing it in the medium range.

PCGTX ranks 54 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

PACE Mortgage-Backed Securities Fixed Income Investments provided a 4.47% dividend yield over the last twelve months, with an annual payout of $0.47 per share.

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.

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 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. Recovery took 812 trading sessions.

The current PACE Mortgage-Backed Securities Fixed Income Investments drawdown is 1.12%.

The chart below shows the rolling one-month volatility.