PACE High Yield P2 (PHDTX)
| Fund Assets | 171.58M |
| Expense Ratio | 0.50% |
| Min. Investment | $0.00 |
| Turnover | 62.00% |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | n/a |
| Previous Close | 9.13 |
| YTD Return | 4.66% |
| 1-Year Return | 5.21% |
| 5-Year Return | n/a |
| 52-Week Low | 8.64 |
| 52-Week High | 9.42 |
| Beta (5Y) | n/a |
| Holdings | 1425 |
| Inception Date | Sep 15, 2021 |
About PHDTX
PACE High Yield Investments Class P2 is a mutual fund focused on generating total returns through investments primarily in high-yield fixed income securities. Its primary function is to provide income and capital appreciation by investing at least 80% of its net assets in high-yield bonds, which are rated below investment grade. The fund invests in a diversified portfolio that includes corporate and distressed bonds, convertible securities, and other high-yield instruments. It plays a significant role in the financial market by offering exposure to higher-yielding debt securities, which can be attractive to investors seeking higher returns compared to investment-grade bonds. The fund's investments span across various sectors and industries, and it is managed by a team of experienced subadvisors, enhancing its market significance as a tool for sophisticated income strategies.
Performance
PHDTX had a total return of 5.21% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.98%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FGHNX | Fidelity | Fidelity Global High Income Fd | 0.80% |
Top 10 Holdings
4.74% of assets| Name | Symbol | Weight |
|---|---|---|
| State Street U.S. Government Money Market Portfolio | GVMXX | 0.93% |
| State Street Bank & Trust Co. - Purchased USD / Sold EUR | n/a | 0.64% |
| Petroleos Mexicanos | PEMEX.6.5 06.02.41 | 0.58% |
| Samarco Mineracao SA | SAMMIN.9.5 06.30.31 REGS | 0.42% |
| Petroleos Mexicanos | PEMEX.5.35 02.12.28 | 0.40% |
| First Quantum Minerals Ltd. | FMCN.8 03.01.33 144A | 0.39% |
| Petroleos Mexicanos | PEMEX.7.69 01.23.50 | 0.37% |
| CLOUD SOFTWARE GRP INC - Cloud Software Group, Inc. | TIBX.9 09.30.29 144A | 0.36% |
| Petrobras Global Finance BV | PETBRA.6.85 06.05.15 | 0.34% |
| CCO HLDGS LLC/CAP CORP - CCO Holdings LLC/CCO Holdings Capital Corp. | CHTR.4.75 02.01.32 144A | 0.32% |