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PACE International Emerging Markets Equity Investments

mutual fund
PWETX
Payout Change
Pending
Price as of:
$13.64 +0.02 +0.15%
primary theme
N/A
PWETX (Mutual Fund)

PACE International Emerging Markets Equity Investments

Payout Change
Pending
Price as of:
$13.64 +0.02 +0.15%
primary theme
N/A
PWETX (Mutual Fund)

PACE International Emerging Markets Equity Investments

Payout Change
Pending
Price as of:
$13.64 +0.02 +0.15%
primary theme
N/A

Name

As of 12/06/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$13.64

$370 M

1.16%

$0.16

1.34%

Vitals

YTD Return

7.8%

1 yr return

13.1%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$370 M

Holdings in Top 10

26.2%

52 WEEK LOW AND HIGH

$13.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.34%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 12/06/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$13.64

$370 M

1.16%

$0.16

1.34%

PWETX - Profile

Distributions

  • YTD Total Return 7.8%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 1.2%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    PACE International Emerging Markets Equity Investments
  • Fund Family Name
    UBSASSETMT
  • Inception Date
    Sep 07, 2023
  • Shares Outstanding
    N/A
  • Share Class
    P2
  • Currency
    USD
  • Domiciled Country
    US

Fund Description

Principal investments

Under normal circumstances, the fund invests at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in equity securities that are tied economically to emerging market countries, which may include equity securities issued by companies domiciled in emerging market countries. Such investments may be represented by investments in securities of other investment companies that invest primarily in equity securities that are tied economically to emerging market countries. The fund generally defines emerging market countries as countries that are not included in the MSCI World Index of major world economies. However, countries included in this index may be considered emerging markets based on current political and economic factors. The fund may not always diversify its investments on a geographic basis among emerging market countries.

The fund may invest, to a limited extent, in (1) bonds, including up to 10% of its total assets in bonds that are below investment grade, which are commonly known as "junk bonds," and (2) securities of other investment companies, including exchange-traded funds ("ETFs"), that invest in emerging markets. The fund invests in securities of companies with varying market capitalizations.

Management process

The fund employs a "manager of managers" structure. UBS AM, the fund's manager and primary provider of investment advisory services, has the ultimate authority, subject to oversight by the fund's board, to oversee the fund's subadvisor(s) and recommend their hiring, termination and replacement, and to allocate assets among the fund's subadvisor(s). The relative value of each subadvisor's share of the fund's assets may change over time.

UBS AM's investment process begins with subadvisor selection. UBS AM's portfolio management team constructs a list of potential subadvisors based on information primarily from internal sources and the team's collective knowledge of the industry, but also supplemented by external sources. The team then focuses its research on that list to identify a small number of the most attractive candidates. This research includes analyzing the portfolio holdings and/or positioning of a subadvisor's investment strategy to understand whether the allocation of risk and the drivers of alpha are consistent with the subadvisor's investment philosophy and stated strengths. The most attractive sub-set of those subadvisors is then selected for in-depth, on-site due diligence meetings with representatives from the investment, operations and compliance groups within UBS AM. The due diligence information is then synthesized to select the most attractive candidate(s) for the fund, subject to the board's approval.

In managing the fund and overseeing the fund's subadvisor(s), UBS AM views its research process as an ongoing one, as the team continually seeks to confirm a subadvisor's investment thesis over the appropriate investment horizon. In general, UBS AM leverages its research and market knowledge to construct funds with exposure to various subadvisors that are expected, in combination, to produce the desired overall fund characteristics. UBS AM's ongoing monitoring and risk management process incorporates daily, weekly, monthly, quarterly and annual responsibilities designed to monitor the drivers of fund risk and performance at the subadvisor level and at the overall fund level. Through this process, UBS AM may adjust a fund's positioning by altering its allocation weights across subadvisors within the fund and/or by changing the specific subadvisors within the fund.

The main strategies of the subadvisors include:

•  A strategy that invests in mid and large cap companies with a quality growth orientation.

•  A strategy that combines top-down analyses of economic, political and social factors with bottom-up quantitative and qualitative fundamental research to seek to identify countries, sectors and companies with robust growth characteristics.

•  A disciplined, deep value strategy based on fundamental research.

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PWETX - Performance

Return Ranking - Trailing

Period PWETX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.8% N/A N/A N/A
1 Yr 13.1% N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Return Ranking - Calendar

Period PWETX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

Total Return Ranking - Trailing

Period PWETX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.8% N/A N/A N/A
1 Yr 13.1% N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Total Return Ranking - Calendar

Period PWETX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

NAV & Total Return History


PWETX - Holdings

Concentration Analysis

PWETX Category Low Category High PWETX % Rank
Net Assets 370 M N/A N/A N/A
Number of Holdings 157 N/A N/A N/A
Net Assets in Top 10 101 M N/A N/A N/A
Weighting of Top 10 26.21% N/A N/A N/A

Top 10 Holdings

  1. Samsung Electronics Co. Ltd. 5.17%
  2. Tencent Holdings Ltd. 4.22%
  3. Taiwan Semiconductor Manufacturing Co. Ltd. 3.96%
  4. Taiwan Semiconductor Manufacturing Co. Ltd. 2.51%
  5. State Street Institutional US Government Money Market Fund 2.09%
  6. SK Hynix, Inc. 1.87%
  7. Reliance Industries Ltd. 1.69%
  8. Alibaba Group Holding Ltd. 1.64%
  9. MediaTek, Inc. 1.58%
  10. MercadoLibre, Inc. 1.48%

Asset Allocation

Weighting Return Low Return High PWETX % Rank
Stocks
97.03% N/A N/A N/A
Cash
2.91% N/A N/A N/A
Preferred Stocks
0.47% N/A N/A N/A
Other
0.00% N/A N/A N/A
Convertible Bonds
0.00% N/A N/A N/A
Bonds
0.00% N/A N/A N/A

Stock Sector Breakdown

Weighting Return Low Return High PWETX % Rank
Utilities
0.00% N/A N/A N/A
Technology
0.00% N/A N/A N/A
Real Estate
0.00% N/A N/A N/A
Industrials
0.00% N/A N/A N/A
Healthcare
0.00% N/A N/A N/A
Financial Services
0.00% N/A N/A N/A
Energy
0.00% N/A N/A N/A
Communication Services
0.00% N/A N/A N/A
Consumer Defense
0.00% N/A N/A N/A
Consumer Cyclical
0.00% N/A N/A N/A
Basic Materials
0.00% N/A N/A N/A

Stock Geographic Breakdown

Weighting Return Low Return High PWETX % Rank
Non US
82.87% N/A N/A N/A
US
14.17% N/A N/A N/A

PWETX - Expenses

Operational Fees

PWETX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.34% N/A N/A N/A
Management Fee 0.90% N/A N/A N/A
12b-1 Fee N/A N/A N/A N/A
Administrative Fee N/A N/A N/A N/A

Sales Fees

PWETX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A N/A N/A N/A

Trading Fees

PWETX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PWETX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A N/A N/A N/A

PWETX - Distributions

Dividend Yield Analysis

PWETX Category Low Category High PWETX % Rank
Dividend Yield 1.16% N/A N/A N/A

Dividend Distribution Analysis

PWETX Category Low Category High Category Mod
Dividend Distribution Frequency Annual

Net Income Ratio Analysis

PWETX Category Low Category High PWETX % Rank
Net Income Ratio N/A N/A N/A N/A

Capital Gain Distribution Analysis

PWETX Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Distributions History

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PWETX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
N/A N/A N/A N/A