PACE Alternative Strategies P2 (PAPTX)
| Fund Assets | 278.18M |
| Expense Ratio | 1.41% |
| Min. Investment | $0.00 |
| Turnover | 368.00% |
| Dividend (ttm) | 0.77 |
| Dividend Yield | 6.85% |
| Dividend Growth | 112.97% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 16, 2024 |
| Previous Close | 11.29 |
| YTD Return | 6.51% |
| 1-Year Return | 6.35% |
| 5-Year Return | n/a |
| 52-Week Low | 10.51 |
| 52-Week High | 11.55 |
| Beta (5Y) | n/a |
| Holdings | 2417 |
| Inception Date | n/a |
About PAPTX
PACE Alternative Strategies Investments Class P2 is a multi-manager mutual fund focused on long-term capital appreciation through a diversified portfolio of alternative and traditional asset classes. Managed by UBS Asset Management, the fund employs a blend of investment strategies, including allocations to equity securities of U.S. and international companies across various market capitalizations, as well as fixed income securities issued by corporations and government entities worldwide. The fund actively utilizes derivatives such as options, futures, currency forwards, and swaps for both risk management and efficient market exposure. Notable features include exposure to both developed and emerging markets, a substantial position in money market instruments, and dynamic sector and asset class allocations that change with shifting market conditions. With over 2,000 holdings, the fund spans industries from technology to real estate and commodities, integrating both long and short positions for enhanced risk-adjusted returns. Its structure allows flexible rebalancing and adapts to market volatility, making it a distinctive component within diversified investment portfolios aimed at broad risk mitigation and non-traditional growth opportunities.
Performance
PAPTX had a total return of 6.35% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.50%.
Top 10 Holdings
53.53% of assets| Name | Symbol | Weight |
|---|---|---|
| State Street U.S. Government Money Market Portfolio | GVMXX | 41.05% |
| Carillon Reams Unconstrained Bond Fund | SUBFX | 5.08% |
| AQR Style Premia Alternative I | QSPIX | 1.84% |
| Western Digital Corp. | WDC.3 11.15.28 | 0.94% |
| Sea Ltd. | SEALTD.2.375 12.01.25 | 0.81% |
| European Residential Real Estate Investment Trust | ERE.UN | 0.79% |
| CRH plc | CRH | 0.78% |
| iShares U.S. ETF Trust iShares GSCI Commodity Dynamic Roll Strategy ETF | COMT | 0.77% |
| Chartwell Retirement Residences | CSH.UN | 0.75% |
| United States Treasury - U.S. Treasury Bills | n/a | 0.72% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 16, 2024 | $0.7703 | Dec 16, 2024 |
| Dec 15, 2023 | $0.3617 | Dec 15, 2023 |
| Dec 16, 2022 | $0.2529 | Dec 16, 2022 |