PACE High Yield Investments (PHYPX)
Under normal circumstances, the fund invests at least 80% of its net assets in high yield fixed income securities that are rated below investment grade or considered to be of comparable quality. The fund may invest up to 10% of its total assets in U.S. and/or non-U.S. senior secured bank loans which may be in the form of loan participations and assignments. It may invest in a number of different countries throughout the world, including the U.S., Europe and emerging market countries.
Fund Info
| ISIN | US69373W8304 |
|---|---|
| Issuer | UBS Asset Management |
| Inception Date | Apr 10, 2006 |
| Category | High Yield Bonds |
| Min. Investment | $10,000 |
| Asset Class | Bond |
Expense Ratio
PHYPX has a high expense ratio of 0.91%, 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 High Yield 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 High Yield Investments had a return of 1.80% year-to-date (YTD) and 10.67% in the last 12 months. Over the past 10 years, PACE High Yield Investments had an annualized return of 3.75%, while the S&P 500 had an annualized return of 10.64%, indicating that PACE High Yield Investments did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.80% | 7.50% |
| 1 month | 0.43% | -1.61% |
| 6 months | 7.65% | 17.65% |
| 1 year | 10.67% | 26.26% |
| 5 years (annualized) | 3.40% | 11.73% |
| 10 years (annualized) | 3.75% | 10.64% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.41% | 0.41% | 1.01% | -0.86% | ||||||||
| 2023 | -1.15% | 4.13% | 3.44% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of PHYPX is 89, placing it in the top 11% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
PACE High Yield Investments(PHYPX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for PACE High Yield Investments (PHYPX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
PACE High Yield Investments granted a 6.30% dividend yield in the last twelve months. The annual payout for that period amounted to $0.54 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.54 | $0.53 | $0.47 | $0.58 | $0.53 | $0.56 | $0.57 | $0.56 | $0.57 | $0.54 | $0.73 | $0.63 |
Dividend yield | 6.30% | 6.15% | 5.77% | 5.99% | 5.33% | 5.72% | 6.15% | 5.54% | 5.75% | 6.02% | 7.35% | 5.93% |
Monthly Dividends
The table displays the monthly dividend distributions for PACE High Yield 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 | $0.04 | $0.05 | $0.05 | $0.05 | ||||||||
| 2023 | $0.04 | $0.04 | $0.05 | $0.04 | $0.05 | $0.04 | $0.05 | $0.05 | $0.04 | $0.05 | $0.04 | $0.05 |
| 2022 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 |
| 2021 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.05 | $0.05 | $0.10 |
| 2020 | $0.04 | $0.05 | $0.04 | $0.05 | $0.04 | $0.04 | $0.05 | $0.05 | $0.04 | $0.05 | $0.04 | $0.04 |
| 2019 | $0.02 | $0.04 | $0.05 | $0.05 | $0.05 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.08 |
| 2018 | $0.05 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.07 |
| 2017 | $0.05 | $0.05 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.05 | $0.05 |
| 2016 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 |
| 2015 | $0.04 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 |
| 2014 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.20 |
| 2013 | $0.05 | $0.05 | $0.06 | $0.05 | $0.05 | $0.05 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 |
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 High Yield 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 High Yield Investments was 27.26%, occurring on Dec 12, 2008. Recovery took 124 trading sessions.
The current PACE High Yield Investments drawdown is 0.04%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -27.26% | May 21, 2008 | 143 | Dec 12, 2008 | 124 | Jun 12, 2009 | 267 |
| -22.69% | Feb 24, 2020 | 21 | Mar 23, 2020 | 159 | Nov 5, 2020 | 180 |
| -17.16% | Sep 16, 2021 | 272 | Oct 13, 2022 | 351 | Mar 8, 2024 | 623 |
| -12.86% | Jul 9, 2014 | 403 | Feb 11, 2016 | 102 | Jul 8, 2016 | 505 |
| -10.6% | May 23, 2011 | 94 | Oct 4, 2011 | 84 | Feb 3, 2012 | 178 |
Volatility
Volatility Chart
The current PACE High Yield Investments volatility is 1.38%, 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.