About PCIFX
PACE Intermediate Fixed Income Investments Class P is an actively managed mutual fund specializing in intermediate-term fixed income securities. Operated by UBS Asset Management since its inception in 1995, the fund is designed to provide current income while aiming for reasonable stability of principal. Its investment strategy mandates that at least 80% of its net assets be allocated to a diversified mix of bonds, including U.S. government, corporate, securitized debt, and select non-U.S. and emerging-market securities. This approach places it within the intermediate core-plus bond category, granting flexibility to seek opportunities across investment-grade and select high-yield or international credits, which can help enhance total return or manage risk exposures.
The fund plays a key role for investors seeking a balanced exposure to fixed income markets, offering diversification away from purely government or corporate bond funds. With a typical duration positioned between 75% and 125% of the Morningstar Core Bond Index’s average, it demonstrates moderate sensitivity to interest rate changes. PACE Intermediate Fixed Income Investments Class P stands out for its multi-manager structure, robust sector exposure, and relevance for portfolios focused on capital preservation and income generation within the broader context of fixed income investing.
Fund Family UBS Asset Management
Category Intermediate Core-Plus Bond
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol PCIFX
Share Class Class P
Index Bloomberg U.S. Aggregate Bond TR
PCIFX had a total return of -1.80% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.17%.
