PASIX Fees and Costs — PACE Alternative Strategies Investments, Class A
Data updated: 2026-10-13
The net expense ratio is 2.59% (3.33% before fee waivers). This share class carries a maximum front-end sales load of 5.50%. In fiscal 2026 the fund paid $647K in broker commissions, 0.2376% of average net assets, and portfolio turnover was 497%.
PASIX Fees and Expenses
Annual operating expenses and sales charges of PASIX. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.30% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.74% |
| Gross expense ratio | 3.33% |
| Fee waiver | −0.74% |
| Net expense ratio | 2.59% |
| Sales charges | |
|---|---|
| Max front load | 5.50% |
| Max deferred load | 0.00% |
| Redemption fee | — |
PASIX Costs Over Time
On $10,000 invested in PASIX, assuming 5% a year before costs, total costs come to $2,313 over 5 years, cutting the return by 4.12% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $550 | $550 | $550 |
| Fund expenses (net expense ratio 2.59%) | $257 | $787 | $1,338 |
| Trading costs (broker commissions) | $24 | $72 | $123 |
| Lost growth on money paid in costs | $28 | $130 | $302 |
| Total costs | $858 | $1,539 | $2,313 |
| Value after costs | $9,642 | $10,038 | $10,449 |
| Impact on return, per year | 8.58% | 4.87% | 4.12% |
PASIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.2376%
- Total broker commissions: $647K
- Bought from dealers (principal trades, not a cost): $7.3B
- Portfolio turnover (prospectus): 497%
PASIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BNY Capital Markets, LLC | $158K | 33.82% |
| Morgan Stanley & Co. LLC | $92K | 19.74% |
| UBS Securities LLC | $44K | 9.46% |
| Goldman Sachs & Co. LLC | $36K | 7.69% |
| J.P. Morgan Securities LLC | $30K | 6.43% |
| National Financial Services LLC | $25K | 5.42% |
| RBC Capital Markets, LLC | $24K | 5.06% |
| Scotia Capital (USA) Inc. | $22K | 4.73% |
| TD Securities (USA) LLC | $18K | 3.95% |
| Nomura Securities International, Inc. | $17K | 3.69% |
PASIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $2.6B | 37.23% |
| Morgan Stanley & Co. LLC | $2.5B | 36.20% |
| State Street Bank and Trust Company | $836.2M | 11.94% |
| BNP Paribas Securities Corp. | $461.4M | 6.59% |
| BofA Securities, Inc. | $108.9M | 1.56% |
| Barclays Capital Inc. | $102.2M | 1.46% |
| Citigroup Global Markets Inc. | $97.9M | 1.40% |
| Jefferies LLC | $95.5M | 1.36% |
| HSBC Securities (USA) Inc. | $86.0M | 1.23% |
| Goldman Sachs & Co. LLC | $72.1M | 1.03% |
PACE Alternative Strategies Investments Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PAPTX | Class P2 | 2.18% | none |
| PASPX | Class P | 2.34% | none |
| PASYX | Class Y | 2.51% | none |
| PASIX | Class A | 2.59% | 5.50% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.