PHIAX – PACE High Yield A Investment Strategy | Morningstar

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Strategy

The investment seeks total return. Under normal circumstances, the fund invests at least 80% of its net assets in high yield fixed income securities that are rated below investment grade or considered to be of comparable quality. The fund may invest up to 10% of its total assets in U.S. and/or non-U.S. senior secured bank loans which may be in the form of loan participations and assignments. It may invest in a number of different countries throughout the world, including the U.S., Europe and emerging market countries.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
PHYPX	PACE High Yield Investments Class P	No Load	Open			Apr 10, 2006	$141.39M	0.880%	Above Average	$10,000	−$22.16M
PHDTX	PACE® High Yield Investments Class P2	No Load	Open			Sep 15, 2021	$7.14M	0.570%	Below Average	$0	−$753,921.85
PHIAX	PACE High Yield Investments Class A	Front Load	Open			May 1, 2006	$1.48M	1.060%	High	$1,000	−$310,526.71

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