PACE Mortgage-Backed Securities Fixed Income Investments Class A (PFXAX)
| Fund Assets | 166.25M |
| Expense Ratio | 0.97% |
| Min. Investment | $1,000 |
| Turnover | 945.00% |
| Dividend (ttm) | 0.46 |
| Dividend Yield | 4.10% |
| Dividend Growth | -12.77% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 22, 2026 |
| Previous Close | 11.13 |
| YTD Return | 3.38% |
| 1-Year Return | 10.82% |
| 5-Year Return | 0.02% |
| 52-Week Low | 10.01 |
| 52-Week High | 11.17 |
| Beta (5Y) | 0.31 |
| Holdings | 1077 |
| 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 10.82% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.88%.
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 Fund - Class A | 0.80% |
| FMSCX | Fidelity | Fidelity Advisor Mortgage Securities Fund - Class I | 0.57% |
| FIKUX | Fidelity | Fidelity Advisor Mortgage Securities Fund - Class Z | 0.36% |
| FMSAX | Fidelity | Fidelity Advisor Mortgage Securities Fund - Class M | 0.80% |
| FMSFX | Fidelity | Fidelity Mortgage Securities Fund | 0.44% |
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| PCGTX | Class P | 0.72% |
| PFPTX | Class P2 | 0.64% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 22, 2026 | $0.0456 | Jan 22, 2026 |
| Dec 19, 2025 | $0.0359 | Dec 19, 2025 |
| Nov 20, 2025 | $0.0376 | Nov 20, 2025 |
| Oct 23, 2025 | $0.0388 | Oct 23, 2025 |
| Sep 23, 2025 | $0.0388 | Sep 23, 2025 |
| Aug 21, 2025 | $0.0358 | Aug 21, 2025 |