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
US69373W8304
Apr 10, 2006
$10,000
Expense Ratio
PHYPX features an expense ratio of 0.91%, falling within the medium range.
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 1.69% year-to-date (YTD) and 9.33% in the last 12 months. Over the past 10 years, PACE High Yield Investments had an annualized return of 4.69%, while the S&P 500 had an annualized return of 11.31%, indicating that PACE High Yield Investments did not perform as well as the benchmark.
PHYPX
1.69%
1.11%
3.85%
9.33%
3.77%
4.69%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of PHYPX, 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 | 1.12% | 1.69% | |||||||||||
| 2024 | 0.41% | 0.41% | 1.01% | -0.86% | 1.26% | 0.87% | 1.56% | 1.48% | 1.42% | -0.34% | 0.96% | -0.36% | 8.07% |
| 2023 | 4.11% | -1.20% | 0.72% | 0.74% | -0.78% | 1.61% | 1.41% | 0.09% | -0.82% | -1.16% | 4.13% | 3.44% | 12.77% |
| 2022 | -2.32% | -1.75% | -0.76% | -3.12% | -0.80% | -7.21% | 5.14% | -1.42% | -4.29% | 1.96% | 3.40% | -0.23% | -11.36% |
| 2021 | 0.55% | 0.73% | 0.37% | 1.34% | 0.43% | 1.00% | -0.16% | 0.63% | -0.56% | -0.98% | -1.28% | 1.57% | 3.66% |
| 2020 | 0.32% | -1.59% | -14.31% | 4.37% | 4.90% | 2.14% | 3.90% | 1.90% | -0.95% | 0.39% | 5.22% | 2.29% | 7.21% |
| 2019 | 3.85% | 1.51% | 0.60% | 1.41% | -1.17% | 2.04% | 0.48% | -0.06% | 0.57% | 0.13% | 0.46% | 2.01% | 12.39% |
| 2018 | 0.75% | -0.84% | -0.56% | 0.75% | -0.25% | -0.02% | 1.19% | 0.07% | 0.87% | -1.78% | -1.41% | -1.60% | -2.87% |
| 2017 | 1.40% | 1.47% | -0.14% | 1.13% | 0.57% | -0.25% | 1.26% | 0.06% | 1.15% | 0.62% | -0.29% | 0.42% | 7.63% |
| 2016 | -1.26% | 0.53% | 4.05% | 3.39% | 0.62% | 0.60% | 2.64% | 2.36% | 0.59% | 0.48% | -0.13% | 1.84% | 16.75% |
| 2015 | -0.57% | 2.61% | -0.34% | 1.28% | 0.35% | -1.88% | -0.37% | -1.71% | -2.69% | 2.67% | -1.51% | -2.10% | -4.35% |
| 2014 | 0.47% | 1.98% | 0.46% | 0.44% | 0.92% | 0.82% | -1.14% | 1.10% | -1.80% | 0.65% | -1.24% | -3.33% | -0.79% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 96, PHYPX is among the top 4% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
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 provided a 6.28% dividend yield over the last twelve months, with an annual payout of $0.55 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 | $0.55 | $0.55 | $0.53 | $0.47 | $0.58 | $0.53 | $0.56 | $0.57 | $0.56 | $0.57 | $0.54 | $0.58 |
Dividend yield | 6.28% | 6.33% | 6.15% | 5.78% | 5.99% | 5.33% | 5.73% | 6.17% | 5.54% | 5.76% | 6.04% | 5.82% |
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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.05 | $0.00 | $0.05 | ||||||||||
| 2024 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.05 | $0.04 | $0.05 | $0.04 | $0.05 | $0.55 |
| 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 | $0.53 |
| 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 | $0.47 |
| 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 | $0.58 |
| 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 | $0.53 |
| 2019 | $0.02 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.05 | $0.04 | $0.04 | $0.08 | $0.56 |
| 2018 | $0.05 | $0.05 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.07 | $0.57 |
| 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 | $0.56 |
| 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 | $0.57 |
| 2015 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.54 |
| 2014 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.58 |
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.
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 5, 2008. Recovery took 129 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -27.26% | May 6, 2008 | 149 | Dec 5, 2008 | 129 | Jun 12, 2009 | 278 |
| -22.7% | Feb 24, 2020 | 21 | Mar 23, 2020 | 159 | Nov 5, 2020 | 180 |
| -17.15% | Sep 16, 2021 | 272 | Oct 13, 2022 | 351 | Mar 8, 2024 | 623 |
| -14.18% | Jul 9, 2014 | 403 | Feb 11, 2016 | 111 | Jul 21, 2016 | 514 |
| -10.59% | May 23, 2011 | 94 | Oct 4, 2011 | 95 | Feb 21, 2012 | 189 |
Volatility
Volatility Chart
The current PACE High Yield Investments volatility is 0.49%, 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.