PACE Global Real Estate Securities Investments (PREAX)
The investment seeks total return. The fund primarily invests in real estate investment trusts ("REITs") and other real-estate related securities. It invests at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in securities of companies in the real estate industry. The fund may invest in the securities of issuers located in a number of different countries throughout the world. It will maintain exposure to real estate related securities of issuers in the U.S. and in at least three countries outside the U.S.
Fund Info
| ISIN | US69373W8551 |
|---|---|
| Issuer | UBS Asset Management |
| Inception Date | Dec 17, 2006 |
| Category | REIT |
| Min. Investment | $1,000 |
| Asset Class | Real Estate |
Asset Class Size | Mid-Cap |
Asset Class Style | Blend |
Expense Ratio
PREAX has a high expense ratio of 1.45%, 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 Global Real Estate Securities 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 Global Real Estate Securities Investments had a return of -5.71% year-to-date (YTD) and 1.97% in the last 12 months. Over the past 10 years, PACE Global Real Estate Securities Investments had an annualized return of 1.77%, while the S&P 500 had an annualized return of 10.64%, indicating that PACE Global Real Estate Securities Investments did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -5.71% | 7.50% |
| 1 month | -2.57% | -1.61% |
| 6 months | 8.06% | 17.65% |
| 1 year | 1.97% | 26.26% |
| 5 years (annualized) | -1.36% | 11.73% |
| 10 years (annualized) | 1.77% | 10.64% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -4.39% | 0.77% | 3.34% | -7.79% | ||||||||
| 2023 | -4.88% | 12.03% | 9.18% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PREAX is 9, indicating that it is in the bottom 9% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
PACE Global Real Estate Securities Investments(PREAX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for PACE Global Real Estate Securities Investments (PREAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
PACE Global Real Estate Securities Investments granted a 1.26% dividend yield in the last twelve months. The annual payout for that period amounted to $0.08 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.08 | $0.08 | $0.04 | $0.24 | $0.17 | $0.36 | $0.23 | $0.31 | $0.30 | $0.19 | $0.00 | $0.12 |
Dividend yield | 1.26% | 1.19% | 0.66% | 2.77% | 2.47% | 4.68% | 3.43% | 4.06% | 4.21% | 2.72% | 0.00% | 1.87% |
Monthly Dividends
The table displays the monthly dividend distributions for PACE Global Real Estate Securities 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 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.36 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.23 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.31 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.30 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2013 | $0.12 |
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 Global Real Estate Securities 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 Global Real Estate Securities Investments was 72.43%, occurring on Mar 9, 2009. Recovery took 1887 trading sessions.
The current PACE Global Real Estate Securities Investments drawdown is 24.53%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -72.43% | Feb 8, 2007 | 522 | Mar 9, 2009 | 1887 | Sep 6, 2016 | 2409 |
| -43.59% | Feb 18, 2020 | 25 | Mar 23, 2020 | 275 | Apr 26, 2021 | 300 |
| -35.95% | Jan 3, 2022 | 458 | Oct 27, 2023 | — | — | — |
| -11.44% | Sep 8, 2016 | 52 | Nov 18, 2016 | 226 | Oct 13, 2017 | 278 |
| -11.28% | Jul 9, 2018 | 118 | Dec 24, 2018 | 24 | Jan 30, 2019 | 142 |
Volatility
Volatility Chart
The current PACE Global Real Estate Securities Investments volatility is 5.42%, 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.