Morningstar

PACE High Yield A PHIAX

Morningstar Medalist Rating
Medalist Rating as of | See UBS Investment Hub
  • NAV / 1-Day Return 8.85  /  +0.11 %
  • Total Assets 186.8 Mil
  • Adj. Expense Ratio
    1.060%
  • Expense Ratio 1.060%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 5.94%
  • Effective Duration —

USD | NAV as of Sep 27, 2024 | 1-Day Return as of Sep 27, 2024, 10:16 PM GMT+0

Morningstar’s Analysis PHIAX

Will PHIAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PHIAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PHIAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PHIAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

PACE High Yield A's Average People Pillar and Process Pillar ratings result in a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings PHIAX

More PHIAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 3.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Ssc Government Mm Gvmxx

0.96 1.8 Mil
Cash and Equivalents

Eur

0.61 1.1 Mil
Cash and Equivalents

Petroleos Mexicanos 6.5%

0.45 827,812
Corporate

Petroleos Mexicanos 7.69%

0.43 802,585
Corporate

TransDigm, Inc. 5.5%

0.39 728,861
Corporate

Braskem Netherlands Finance B V 4.5%

0.39 717,868
Corporate

Aeropuertos Dominicanos Siglo XXI SA 6.75%

0.39 712,840
Corporate

Carnival Corporation 5.75%

0.38 707,572
Corporate

Petroleos Mexicanos 6.875%

0.37 689,938
Corporate

Weatherford International Ltd Bermuda 8.625%

0.32 597,075
Corporate

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