PCEMX Fees and Costs — PACE International Emerging Markets Equity Investments, Class P
Data updated: 2026-10-13
The net expense ratio is 1.20% (1.39% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $818K in broker commissions, 0.1538% of average net assets, and portfolio turnover was 70%.
PCEMX Fees and Expenses
Annual operating expenses and sales charges of PCEMX. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.00% |
| Other expenses | — |
| Gross expense ratio | 1.39% |
| Fee waiver | −0.19% |
| Net expense ratio | 1.20% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
PCEMX Costs Over Time
On $10,000 invested in PCEMX, assuming 5% a year before costs, total costs come to $841 over 5 years, cutting the return by 1.42% 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 |
| Fund expenses (net expense ratio 1.20%) | $126 | $392 | $677 |
| Trading costs (broker commissions) | $16 | $50 | $87 |
| Lost growth on money paid in costs | $0 | $22 | $77 |
| Total costs | $142 | $464 | $841 |
| Value after costs | $10,358 | $11,112 | $11,922 |
| Impact on return, per year | 1.42% | 1.42% | 1.42% |
PCEMX 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): 0.1538%
- Total broker commissions: $818K
- Bought from dealers (principal trades, not a cost): $396.0M
- Portfolio turnover (prospectus): 70%
PCEMX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $137K | 22.59% |
| J.P. Morgan Securities LLC | $103K | 17.10% |
| BofA Securities, Inc. | $81K | 13.47% |
| CLSA Americas, LLC | $59K | 9.80% |
| HSBC Securities (USA) Inc. | $55K | 9.04% |
| Citigroup Global Markets Inc. | $36K | 6.00% |
| Jefferies LLC | $36K | 5.96% |
| Goldman Sachs & Co. LLC | $35K | 5.73% |
| Nomura Securities International, Inc. | $34K | 5.55% |
| UBS Securities LLC | $29K | 4.77% |
PCEMX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $390.9M | 98.73% |
| Jefferies LLC | $2.3M | 0.59% |
| Morgan Stanley & Co. LLC | $2.1M | 0.52% |
| HSBC Securities (USA) Inc. | $588K | 0.15% |
| J.P. Morgan Securities LLC | $15 | 0.00% |
| Liquidnet, Inc. | $0 | 0.00% |
PACE International Emerging Markets Equity Investments Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PWETX | Class P2 | 0.89% | none |
| PCEMX | Class P | 1.20% | none |
| PWEYX | Class Y | 1.21% | none |
| PWEAX | Class A | 1.45% | 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.