PACE Municipal Fixed Income Investments (PCMNX)
The fund invests at least 80% of its net assets in municipal fixed income investments, the income from which is exempt from regular federal income taxes. It invests principally in investment grade municipal bonds of varying maturities. It limits its investments in municipal bonds that are subject to the federal AMT so that not more than 25% of its interest income will be subject to the AMT, and invests in these bonds when its investment advisor believes that they offer attractive yields relative to similar municipal bonds that are not subject to the AMT.
Fund Info
US69373W5664
Aug 23, 1995
$10,000
Expense Ratio
PCMNX has an expense ratio of 0.57%, placing it in the medium range.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
Loading data...
Returns By Period
PACE Municipal Fixed Income Investments (PCMNX) returned -0.35% year-to-date (YTD) and 2.27% over the past 12 months. Over the past 10 years, PCMNX returned 1.89% annually, underperforming the S&P 500 benchmark at 10.85%.
PCMNX
-0.35%
0.48%
-1.10%
2.27%
1.86%
0.64%
1.89%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of PCMNX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.39% | 1.12% | -1.63% | -0.36% | 0.15% | -0.35% | |||||||
| 2024 | -0.20% | 0.04% | -0.03% | -0.95% | -0.52% | 1.21% | 0.80% | 0.72% | 0.86% | -1.48% | 1.45% | -1.00% | 0.85% |
| 2023 | 2.53% | -1.86% | 1.72% | -0.06% | -0.95% | 0.69% | 0.29% | -0.86% | -2.23% | -0.72% | 4.79% | 2.29% | 5.53% |
| 2022 | -2.57% | -0.54% | -2.71% | -2.41% | 1.19% | -1.05% | 2.20% | -1.84% | -3.06% | -0.57% | 3.84% | 0.20% | -7.30% |
| 2021 | 0.54% | -1.46% | 0.48% | 0.77% | 0.24% | 0.09% | 0.69% | -0.28% | -0.74% | -0.26% | 0.66% | 0.00% | 0.70% |
| 2020 | 1.58% | 1.13% | -3.87% | -1.36% | 3.02% | 0.96% | 1.55% | -0.13% | 0.10% | -0.20% | 1.24% | 0.69% | 4.63% |
| 2019 | 0.87% | 0.71% | 1.26% | 0.31% | 1.39% | 0.39% | 0.91% | 1.28% | -0.74% | 0.00% | 0.15% | 0.34% | 7.06% |
| 2018 | -1.08% | -0.38% | 0.16% | -0.38% | 1.11% | 0.08% | 0.24% | 0.08% | -0.54% | -0.71% | 1.13% | 1.17% | 0.86% |
| 2017 | 0.54% | 0.63% | 0.31% | 0.77% | 1.54% | -0.46% | 0.69% | 0.84% | -0.45% | 0.00% | -0.69% | 0.91% | 4.71% |
| 2016 | 1.51% | 0.01% | 0.23% | 0.67% | 0.00% | 1.49% | 0.00% | 0.07% | -0.44% | -0.90% | -3.84% | 1.08% | -0.24% |
| 2015 | 1.72% | -1.18% | 0.22% | -0.45% | -0.38% | -0.23% | 0.84% | 0.23% | 0.70% | 0.46% | 0.31% | 0.74% | 2.98% |
| 2014 | 1.65% | 1.01% | -0.31% | 1.16% | 1.07% | -0.15% | 0.15% | 1.13% | -0.08% | 0.45% | 0.07% | 0.30% | 6.62% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PCMNX is 35, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for PACE Municipal Fixed Income Investments (PCMNX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Loading data...
Dividends
Dividend History
PACE Municipal Fixed Income Investments provided a 2.70% dividend yield over the last twelve months, with an annual payout of $0.32 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.32 | $0.31 | $0.29 | $0.28 | $0.31 | $0.33 | $0.42 | $0.40 | $0.38 | $0.46 | $0.43 | $0.36 |
Dividend yield | 2.70% | 2.57% | 2.37% | 2.30% | 2.38% | 2.47% | 3.18% | 3.11% | 2.89% | 3.57% | 3.23% | 2.71% |
Monthly Dividends
The table displays the monthly dividend distributions for PACE Municipal 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.14 | |||||||
| 2024 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.31 |
| 2023 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.29 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.28 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.07 | $0.31 |
| 2020 | $0.03 | $0.03 | $0.02 | $0.01 | $0.01 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.03 | $0.10 | $0.33 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.08 | $0.42 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.40 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.38 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.13 | $0.46 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.10 | $0.43 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
Drawdowns
Drawdowns Chart
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.
Loading data...
Worst Drawdowns
The table below displays the maximum drawdowns of the PACE Municipal 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 Municipal Fixed Income Investments was 11.62%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current PACE Municipal Fixed Income Investments drawdown is 2.31%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -11.62% | Aug 6, 2021 | 308 | Oct 25, 2022 | — | — | — |
| -10.96% | Mar 10, 2020 | 9 | Mar 20, 2020 | 96 | Aug 6, 2020 | 105 |
| -7.55% | Jan 24, 2008 | 185 | Oct 16, 2008 | 59 | Jan 12, 2009 | 244 |
| -5.72% | Jul 11, 2016 | 102 | Dec 1, 2016 | 173 | Aug 10, 2017 | 275 |
| -5.68% | May 6, 2013 | 86 | Sep 5, 2013 | 150 | Apr 10, 2014 | 236 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading data...