PACE Municipal Fixed Income Investments (PCMNX) belongs to the Municipal Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with PCMNX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PCMNX
PCMNX charges 0.57% annually. There are 212 mutual funds in the Municipal Bonds category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Western Asset SMASh Series TF Fund | 0.01% | — | Dec 2015 | PCMNX vs LSMSX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | PCMNX vs NMTRX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | PCMNX vs FHMIX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | — | Jun 2021 | PCMNX vs FSMUX | |
| Strategic Advisers Tax-Sensitive Short Duration Fu... | 0.07% | — | Dec 2017 | PCMNX vs FGNSX |
Best Risk-Adjusted Alternatives to PCMNX
PCMNX has a PortfoliosLab risk / return rank of 70. There are 156 mutual funds in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 100 | — | Apr 2022 | PCMNX vs DFABX | |
| DFA NY Municipal Bond Portfolio | 99 | — | Jun 2015 | PCMNX vs DNYMX | |
| DFA California Short Term Municipal Bond Portfolio | 99 | — | Apr 2007 | PCMNX vs DFCMX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | PCMNX vs ATOIX | |
| DFA Short Term Municipal Bond Portfolio | 99 | — | Aug 2002 | PCMNX vs DFSMX |
Top Performing PCMNX Alternatives (YTD)
PCMNX is at 1.04% YTD. There are 336 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 10.27%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 10.27% | — | Apr 1998 | PCMNX vs NMI | |
| Nuveen New York AMT Free Quality Municipal Income | 8.40% | — | Nov 2002 | PCMNX vs NRK | |
| Nuveen Virginia Quality Municipal Income Fund | 7.07% | — | Mar 1993 | PCMNX vs NPV | |
| AllianceBernstein National Municipal Income Fund | 6.29% | — | Nov 2001 | PCMNX vs AFB | |
| BlackRock MuniYield Michigan Quality Fund | 5.83% | — | Oct 1992 | PCMNX vs MIY |
Lowest Volatility Alternatives to PCMNX
PCMNX has 2.26% 1-year volatility. There are 143 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.56%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 0.56% | — | Apr 2022 | PCMNX vs DFABX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | PCMNX vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | PCMNX vs USMTX | |
| DFA California Short Term Municipal Bond Portfolio | 0.59% | — | Apr 2007 | PCMNX vs DFCMX | |
| DFA Short Term Municipal Bond Portfolio | 0.61% | — | Aug 2002 | PCMNX vs DFSMX |
Lowest Drawdown Alternatives to PCMNX
PCMNX has a 1-year max drawdown of -2.69%. There are 203 mutual funds in the Municipal Bonds category with shallower 1-year drawdowns, going as shallow as 0.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Allocation Target Shares | 0.00% | — | May 2021 | PCMNX vs BATVX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | PCMNX vs TFCYX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | PCMNX vs ATOIX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | -0.10% | — | Dec 2017 | PCMNX vs APUSX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | PCMNX vs FHMIX |
Other Mutual Funds from UBS
The 10 most viewed UBS mutual funds shown here include EMPTX, QGRPX, UTBPX and span 10 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| UBS Emerging Markets Equity Opportunity Fund | Emerging Markets Diversified | 93 | 28.52% | — | May 2018 | PCMNX vs EMPTX | |
| UBS US Quality Growth At Reasonable Price Fund | Large Cap Growth Equities | 22 | 4.75% | — | Jul 2020 | PCMNX vs QGRPX | |
| UBS Multi Income Bond Fund | Intermediate Core-Plus Bond | 41 | 1.23% | — | Dec 1972 | PCMNX vs UTBPX | |
| UBS US Dividend Ruler Fund | Large Cap Value Equities | 70 | 10.37% | — | Jul 2020 | PCMNX vs DVRUX | |
| UBS U.S. Allocation Fund | Diversified Portfolio | 76 | 8.03% | — | May 1993 | PCMNX vs PWTYX | |
| UBS Global Allocation Fund | Global Allocation | 77 | 8.64% | — | Aug 1992 | PCMNX vs BPGLX | |
| PACE Alternative Strategies Investments | Multistrategy | 46 | 3.55% | — | Apr 2006 | PCMNX vs PASIX | |
| PACE Mortgage-Backed Securities Fixed Income Inves... | Intermediate Core Bond | 50 | 3.02% | — | Aug 1995 | PCMNX vs PCGTX | |
| UBS Ultra Short Income Fund | Ultrashort Bond | — | — | — | May 2018 | PCMNX vs USIAX | |
| UBS International Sustainable Equity Fund | Foreign Large Cap Equities | 39 | 6.16% | — | Aug 1993 | PCMNX vs BNUEX |
Often Compared With PCMNX
Investors most often compare PCMNX with BBBS, PDI, VOO. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare PCMNX with Any Fund or Stock
Compare PCMNX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PCMNX with funds that move differently
PACE Municipal Fixed Income Investments alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PCMNX.
Explore PCMNX Diversifiers