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PACE High Yield Investments (PHIAX)

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8.500.00 (0.00%)
At close: 08:00PM EDT

PACE High Yield Investments

NEW YORK DE 10019

12TH FLOOR 1285 AVENUE OF THE AMERICAS

C/O UBS ASSET MANAGEMENT (AMERICAS) INC.

Management information
David Owen Crall,Lead manager since 30 June 2015
David Crall, CFA, is the President, Chief Executive Officer (CEO), Chief Investment Officer (CIO), and a Managing Director with NCRAM. He is also a member of NCRAM’s Board of Directors. Mr. Crall became President and CEO of NCRAM in June 2019, and in this capacity he is responsible for the firm’s overall management and business strategy. In addition, as CIO since January 2010, he leads the investment activities and investment team of NCRAM. He is the Chair of NCRAM’s Investment, New Product, Risk Monitoring, and ESG Committees. Previously, he was a portfolio manager and co-head of the high yield bond team at NCRAM, encompassing primarily high yield bonds but also public-side management of loans and distressed investments, since 2000. Prior to that, he was a portfolio manager of various high yield accounts at NCRAM since 1997, and an analyst in the high yield group at NCRAM for various industries since 1992. Mr. Crall received his B.A. from Yale University in 1992. He is a CFA® charterholder, a member of the CFA institute, and a member of the New York Society of Security Analysts.
Morningstar style box
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Morningstar category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. Where necessary, we may change a category assignment based on recent changes to the portfolio.

Fund overview

CategoryHigh Yield Bond
Fund familyUBS Asset Management
Net assets190.67M
YTD return1.77%
Yield5.94%
Morningstar rating★★★
Inception date30 Apr 2006

Fund operations

Last dividend0.13
Last cap gain-26.00
Holdings turnover33.00%
Average for categoryN/A

Fees and expenses

ExpensePHIAXCategory average
Annual report expense ratio (net)1.06%0.95%
Prospectus net expense ratio1.06%N/A
Prospectus gross expense ratio1.20%N/A
Max 12b1 feeN/AN/A
Max front end sales loadN/A3.88%
Max deferred sales loadN/A1.28%
3-yr expense projection0N/A
5-yr expense projection0N/A
10-yr expense projection0N/A