PACE Global Fixed Income Investments Class A (PWFAX)

Overview

The fund is a fixed income investment vehicle that dedicates a minimum of 80% of its net assets towards acquiring fixed income securities. This strategic allocation covers a broad spectrum of bonds, including those issued by both U.S. and non-U.S. governments as well as private sector bonds from within and outside of the United States. By primarily focusing on high-grade bonds, the fund seeks to ensure stability and reliable returns. Portfolio management practices include maintaining a duration that aligns closely with the fund’s benchmark index, the Bloomberg Global Aggregate Index, by staying within +/- 50% of the benchmark's effective duration. This approach aims to mitigate interest rate risk while capturing potential growth across diverse economic environments.

Products and Services

• U.S. Government Bonds

  Investments in bonds issued by the United States government, which are considered low risk and have a stable return, making them a cornerstone of the fund's portfolio for investors seeking reliability and security.

• Non-U.S. Government Bonds

  The fund diversifies its holdings by investing in government bonds from countries outside the United States, aiming to capitalize on global economic strengths and mitigate the risk inherent to any single market.

• Bonds of U.S. or non-U.S. Private Issuers

  By including bonds issued by private corporations both within the United States and internationally, the fund seeks to enhance its yield potential through carefully selected credits from the corporate sector.

• High-Grade Bonds

  Emphasis is placed on acquiring high-grade bonds from both governmental and private issuers, prioritizing investments that offer a strong balance between return and risk, ensuring the portfolio is positioned for steady growth.