PIFAX

About PIFAX

PACE Intermediate Fixed Income Investments Class A is an actively managed mutual fund specializing in intermediate-term fixed income securities. Managed by UBS Asset Management since 2001, the fund seeks to provide current income while maintaining reasonable stability of principal. Its portfolio primarily consists of investment-grade U.S. bonds—including government, corporate, and securitized debt—with the flexibility to also allocate assets to non-core sectors such as high yield corporate bonds, bank loans, emerging-markets debt, and non-U.S. currency exposures. This approach allows the fund to diversify its risk profile and capitalize on a broader range of fixed income opportunities. Typically, the fund invests at least 80% of its net assets in fixed income securities, which may include U.S. Treasury securities, agency and mortgage-backed bonds, corporate credit, and select foreign government issues. Designed for investors seeking stable income and diversification across bond markets, it plays a significant role within intermediate core-plus bond portfolios, offering both core bond exposure and the potential for enhanced return through tactical sector allocations.