PACE Mortgage-Backed Securities Fixed Income Investments Class A is a mutual fund specializing in mortgage-related fixed income assets. Its primary objective is to provide current income by allocating at least 80% of its net assets to a diversified portfolio of mortgage-backed securities and similar instruments, such as mortgage pass-through securities, commercial mortgage-backed securities, and collateralized mortgage obligations. This fund also employs strategies involving TBA (to-be-announced) securities and mortgage dollar rolls, further diversifying its mortgage-focused exposure. The fund primarily serves investors seeking income generation, with dividends distributed monthly. It maintains over a thousand holdings, largely concentrated in government-backed and securitized mortgage assets, indicating wide diversification within the mortgage sector. With a moderate expense ratio and a minimum investment requirement, it is structured for retail investors interested in the income and capital preservation attributes typical of high-quality fixed income products. PACE Mortgage-Backed Securities Fixed Income Investments Class A plays a significant role in the financial market by offering exposure to the performance and stability of the U.S. housing and commercial real estate financing sectors, thereby providing a potential buffer against equity market volatility.
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