About PHYPX
PACE High Yield Investments Class P is a mutual fund focused on high-yield fixed income securities, also known as “junk bonds.” Its primary aim is to provide investors with total return by predominantly investing, under normal circumstances, at least 80% of its net assets in bonds rated below investment grade. These securities are typically issued by corporations and sometimes sovereign or quasi-sovereign entities, which offer higher yield potential but carry increased credit and economic risk relative to investment grade bonds.
The fund employs multiple portfolio managers, ensuring broad diversification across issuers, sectors, and types of fixed income instruments such as corporate bonds, distressed assets, senior secured bank loans, convertible securities, and asset-backed securities. Its holdings span U.S. and non-U.S. debt issuers, with allocations to global high-yield markets and occasional positions in illiquid or defaulted securities as permitted.
With a competitive net expense ratio and professional management, this fund serves investors seeking exposure to the high-yield corporate bond market. It plays a significant role in the broader financial markets by providing capital to lower-rated borrowers, while offering potential for enhanced income and diversification in fixed income portfolios.
Fund Family UBS Asset Management
Category High Yield Bond
Performance Rating Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol PHYPX
Share Class Class P
Index Index is not available on Lipper Database
PHYPX had a total return of 0.77% in the past year, including dividends. Since the fund's
inception, the average annual return has been 5.74%.
