PACE Mortgage-Backed Securities Fixed Income Investments (PFXAX)
| Fund Assets | 172.10M |
| Expense Ratio | 0.97% |
| Min. Investment | $1,000 |
| Turnover | 945.00% |
| Dividend (ttm) | 0.47 |
| Dividend Yield | 4.26% |
| Dividend Growth | -9.66% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Oct 23, 2025 |
| Previous Close | 10.49 |
| YTD Return | 6.33% |
| 1-Year Return | 5.80% |
| 5-Year Return | -3.11% |
| 52-Week Low | 9.92 |
| 52-Week High | 10.54 |
| Beta (5Y) | 0.28 |
| Holdings | 1088 |
| Inception Date | Jan 31, 2001 |
About PFXAX
PACE Mortgage-Backed Securities Fixed Income Investments Class A is a mutual fund specializing in mortgage-related fixed income assets. Its primary objective is to provide current income by allocating at least 80% of its net assets to a diversified portfolio of mortgage-backed securities and similar instruments, such as mortgage pass-through securities, commercial mortgage-backed securities, and collateralized mortgage obligations. This fund also employs strategies involving TBA (to-be-announced) securities and mortgage dollar rolls, further diversifying its mortgage-focused exposure. The fund primarily serves investors seeking income generation, with dividends distributed monthly. It maintains over a thousand holdings, largely concentrated in government-backed and securitized mortgage assets, indicating wide diversification within the mortgage sector. With a moderate expense ratio and a minimum investment requirement, it is structured for retail investors interested in the income and capital preservation attributes typical of high-quality fixed income products. PACE Mortgage-Backed Securities Fixed Income Investments Class A plays a significant role in the financial market by offering exposure to the performance and stability of the U.S. housing and commercial real estate financing sectors, thereby providing a potential buffer against equity market volatility.
Performance
PFXAX had a total return of 5.80% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.82%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FMGAX | Fidelity | Fidelity Advisor Mortgage Securities A | 0.80% |
| FMSCX | Fidelity | Fidelity Advisor Mortgage Securities I | 0.57% |
| FIKUX | Fidelity | Fidelity Advisor Mortgage Securities Z | 0.36% |
| FMSAX | Fidelity | Fidelity Advisor Mortgage Securities M | 0.80% |
| FMSFX | Fidelity | Fidelity Mortgage Securities | 0.44% |
Top 10 Holdings
76.68% of assets| Name | Symbol | Weight |
|---|---|---|
| UMBS, TBA - Uniform Mortgage-Backed Security, TBA | FNCL.6 8.11 | 19.47% |
| UMBS, TBA - Uniform Mortgage-Backed Security, TBA | FNCL.2 8.13 | 14.30% |
| Government National Mortgage Association, TBA | G2SF.3 9.11 | 10.36% |
| Government National Mortgage Association, TBA | G2SF.4.5 9.11 | 6.39% |
| UMBS, TBA - Uniform Mortgage-Backed Security, TBA | FNCL.3 8.11 | 5.96% |
| Government National Mortgage Association, TBA | n/a | 4.79% |
| UMBS, TBA - Uniform Mortgage-Backed Security, TBA | FNCL.2.5 8.11 | 4.69% |
| UMBS, TBA - Uniform Mortgage-Backed Security, TBA | n/a | 4.21% |
| Government National Mortgage Association, TBA | n/a | 3.47% |
| Freddie Mac - Federal Home Loan Mortgage Corp. | n/a | 3.05% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Oct 23, 2025 | $0.0388 | Oct 23, 2025 |
| Sep 23, 2025 | $0.0388 | Sep 23, 2025 |
| Aug 21, 2025 | $0.0358 | Aug 21, 2025 |
| Jul 23, 2025 | $0.0368 | Jul 23, 2025 |
| Jun 24, 2025 | $0.0407 | Jun 24, 2025 |
| May 22, 2025 | $0.0349 | May 22, 2025 |