PACE Intermediate Fixed Income Investments (PCIFX)
The fund invests at least 80% of its net assets in fixed income securities. Such investments may include U.S. government and foreign government bonds, municipal fixed income investments, corporate bonds and bank loans. The fund may also invest up to 20% of its total assets in bonds that are below investment grade at the time of purchase, non-U.S. dollar denominated securities and fixed income securities of issuers located in emerging markets. It normally limits its overall portfolio duration to within +/- 50% of the duration of the Bloomberg US Aggregate Bond Index.
Fund Info
| ISIN | US69373W3503 |
|---|---|
| Issuer | UBS Asset Management |
| Inception Date | Aug 24, 1995 |
| Category | Intermediate Core Bond |
| Min. Investment | $10,000 |
| Asset Class | Bond |
Expense Ratio
PCIFX has a high expense ratio of 0.61%, 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 Intermediate 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 Intermediate Fixed Income Investments had a return of -0.47% year-to-date (YTD) and 3.42% in the last 12 months. Over the past 10 years, PACE Intermediate Fixed Income Investments had an annualized return of 1.31%, while the S&P 500 had an annualized return of 10.64%, indicating that PACE Intermediate Fixed Income Investments did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -0.47% | 7.50% |
| 1 month | -0.16% | -1.61% |
| 6 months | 6.08% | 17.65% |
| 1 year | 3.42% | 26.26% |
| 5 years (annualized) | 0.72% | 11.73% |
| 10 years (annualized) | 1.31% | 10.64% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.14% | -0.85% | 1.27% | -2.25% | ||||||||
| 2023 | -1.55% | 4.65% | 4.12% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PCIFX is 17, indicating that it is in the bottom 17% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
PACE Intermediate Fixed Income Investments(PCIFX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for PACE Intermediate Fixed Income Investments (PCIFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
PACE Intermediate Fixed Income Investments granted a 5.92% dividend yield in the last twelve months. The annual payout for that period amounted to $0.61 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.61 | $0.59 | $0.29 | $0.36 | $0.58 | $0.33 | $0.32 | $0.24 | $0.23 | $0.28 | $0.20 | $0.15 |
Dividend yield | 5.92% | 5.50% | 2.79% | 2.93% | 4.46% | 2.61% | 2.70% | 1.99% | 1.86% | 2.35% | 1.60% | 1.21% |
Monthly Dividends
The table displays the monthly dividend distributions for PACE Intermediate 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 | $0.05 | $0.05 | $0.05 | $0.05 | ||||||||
| 2023 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 |
| 2022 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.04 | $0.04 |
| 2021 | $0.02 | $0.02 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.21 |
| 2020 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.33 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 |
| 2018 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 |
| 2016 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.02 | $0.01 | $0.05 |
| 2015 | $0.01 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.10 |
| 2014 | $0.02 | $0.01 | $0.01 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.03 |
| 2013 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $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 Intermediate 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 Intermediate Fixed Income Investments was 18.54%, occurring on Oct 24, 2022. The portfolio has not yet recovered.
The current PACE Intermediate Fixed Income Investments drawdown is 8.78%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -18.54% | Aug 7, 2020 | 558 | Oct 24, 2022 | — | — | — |
| -8.92% | May 21, 2008 | 128 | Nov 20, 2008 | 116 | May 11, 2009 | 244 |
| -8.02% | Mar 9, 2020 | 9 | Mar 19, 2020 | 48 | May 28, 2020 | 57 |
| -4.1% | Jun 16, 2003 | 54 | Sep 2, 2003 | 123 | Feb 27, 2004 | 177 |
| -3.68% | Mar 18, 2004 | 60 | Jun 14, 2004 | 68 | Sep 20, 2004 | 128 |
Volatility
Volatility Chart
The current PACE Intermediate Fixed Income Investments volatility is 1.99%, 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.