PCGTX

About PCGTX

PACE Mortgage-Backed Securities Fixed Income Investments Class P is a diversified mutual fund specializing in mortgage-related fixed income instruments. The fund’s primary objective is to provide current income by investing at least 80% of its assets in a range of mortgage-backed securities, including agency mortgage pass-throughs, collateralized mortgage obligations (CMOs), commercial mortgage-backed securities (CMBS), and related derivatives. Managed by UBS Asset Management since its inception in 1995, the fund maintains a focus on investment-grade securities linked to the U.S. housing and commercial real estate sectors. PACE Mortgage-Backed Securities Fixed Income Investments Class P uses active duration management, leveraging strategies such as interest rate swaps and futures to optimize risk and yield curve exposure. The fund pays monthly dividends and is designed to serve investors seeking stable income and credit exposure primarily tied to the U.S. government agency and agency-backed mortgage markets, while also incorporating other securitized assets. Its role in the market is to offer diversified access to the mortgage-backed securities segment within the broader intermediate core bond category, catering to income-focused investors and those looking to balance credit and interest rate risk in fixed income portfolios.