PACE Strategic Fixed Income Investments (PCSIX)

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PACE Strategic Fixed Income Investments (PCSIX) is up 0.6% since the beginning of the year. PCSIX is currently trading at $12 per share. Investors who bought $1,000 worth of PCSIX shares 5 years ago would now be looking at an investment worth $1,046.

PACE Strategic Fixed Income Investments (PCSIX) has returned 0.57% so far this year and 4.72% over the past 12 months. Over the last ten years, PCSIX has returned 2.55% per year, falling short of the S&P 500 Index benchmark, which averaged 13.71% annually.

Based on dividend-adjusted daily data since Aug 18, 1995, PCSIX's average daily return is +0.02%, while the average monthly return is +0.42%. At this rate, an investment would double in approximately 13.8 years.

Historically, 65% of months were positive and 35% were negative. The best month was Dec 2008 with a return of +5.4%, while the worst month was Jul 2003 at -4.6%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.

On a daily basis, PCSIX closed higher 48% of trading days. The best single day was Jan 9, 2008 with a return of +2.6%, while the worst single day was Mar 18, 2020 at -2.7%.

PACE Strategic Fixed Income Investments has an annualized alpha of 5.45%, beta of -0.02, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since August 18, 1995.

• This fund captured 14.90% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -3.59%) - a profile typical of hedging or uncorrelated assets.
• Beta of -0.02 may look defensive, but with R2 of 0.01 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 0.01 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.

PCSIX has an expense ratio of 0.66%, placing it in the medium range.

PCSIX ranks 30 for risk / return — below 30% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

PACE Strategic Fixed Income Investments provided a 5.18% dividend yield over the last twelve months, with an annual payout of $0.61 per share.

The table displays the monthly dividend distributions for PACE Strategic 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 Strategic 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 Strategic Fixed Income Investments was 18.54%, occurring on Oct 24, 2022. Recovery took 708 trading sessions.

The current PACE Strategic Fixed Income Investments drawdown is 1.07%.

The chart below shows the rolling one-month volatility.