PASPX

About PASPX

PACE Alternative Strategies Investments Class P is a multi-manager, multi-strategy mutual fund designed to pursue long-term capital appreciation with low to modest sensitivity to traditional market indexes. The strategy allocates across multiple alternative sleeves—such as equity long/short, event-driven, and other diversifying approaches—meeting Morningstar’s Multistrategy definition of holding substantial exposure to alternatives within a single vehicle. Subadvised by a roster of specialist managers under the PACE Select Funds umbrella from UBS Asset Management, the fund blends complementary styles to diversify sources of return and reduce reliance on broad equity benchmarks. The portfolio invests globally across U.S. and non-U.S. equities and may incorporate fixed income and cash instruments to balance risk and liquidity. Its mandate and construction aim to provide a core alternative allocation for investors seeking differentiated return drivers within a registered fund format. The fund’s materials highlight long-term capital appreciation as the objective, with dynamically managed exposures and a broad opportunity set to navigate varying market regimes.