PCEMX Performance — PACE International Emerging Markets Equity Investments, Class P
Data updated: 2026-10-13
PCEMX returned +24.00% year to date and +44.42% over one year to Jul 2026. Annualised returns are +19.85% over 3 years and +8.86% over 5 years. The fund beat its Global Large Blend category average: $100 invested three years ago grew to $172, against $152 for the category, and to $144 over one year, against $118. Volatility over the past three years was 17.55% a year. In the 12 months to Jul 2026 the fund lost a net $59.9M, and assets reached $572.05M.
PCEMX Growth of $100
What $100 invested in PACE International Emerging Markets Equity Investments grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Global Large Blend category average over the same months.
| Period | PCEMX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $144 | $118 |
| 3 years (Aug 2023 – Jul 2026) | $172 | $152 |
| 5 years (Aug 2021 – Jul 2026) | $153 | $148 |
| Since data start (Aug 2019 – Jul 2026) | $203 | $203 |
PCEMX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +24.00% |
| 1 year | +44.42% |
| 3 years (annualised) | +19.85% |
| 5 years (annualised) | +8.86% |
PCEMX Annual Returns
Calendar-year total returns of PACE International Emerging Markets Equity Investments, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +24.00% |
| 2025 | +36.87% |
| 2024 | +4.17% |
| 2023 | +10.32% |
| 2022 | −18.97% |
| 2021 | −1.73% |
| 2020 | +20.13% |
| 2019 (Aug–Dec) | +8.79% |
PCEMX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +10.1% | +5.8% | −11.5% | +12.7% | +9.3% | −2.2% | −0.2% | — | — | — | — | — |
| 2025 | +1.8% | +0.1% | +1.8% | +0.5% | +5.3% | +5.5% | +1.4% | +3.7% | +7.7% | +3.9% | −2.1% | +2.5% |
| 2024 | −5.0% | +4.3% | +1.5% | 0.0% | +2.1% | +1.2% | −0.7% | +1.9% | +8.2% | −4.4% | −3.2% | −1.2% |
| 2023 | +10.4% | −7.0% | +3.1% | −2.3% | −1.2% | +5.3% | +5.3% | −5.6% | −3.7% | −4.6% | +8.8% | +3.3% |
| 2022 | −0.7% | −4.4% | −2.0% | −7.8% | +1.3% | −5.1% | −0.1% | −0.4% | −10.2% | −2.9% | +16.1% | −2.5% |
| 2021 | +1.5% | +3.1% | −1.4% | +2.4% | +2.1% | +0.4% | −6.2% | +3.2% | −4.7% | +1.6% | −5.2% | +2.2% |
| 2020 | −4.8% | −4.7% | −18.6% | +10.8% | +1.8% | +7.8% | +9.8% | +2.5% | −2.0% | +2.4% | +9.5% | +8.3% |
| 2019 | — | — | — | — | — | — | — | −3.4% | +1.3% | +4.5% | 0.0% | +6.4% |
PCEMX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 17.55%
- 3-year Sharpe ratio: 0.87 (vs 4.5% risk-free rate)
- Best month: +12.69% (Apr 2026)
- Worst month: −11.49% (Mar 2026)
PCEMX Fund Flows
Monthly money in and out of PACE International Emerging Markets Equity Investments, from SEC Form N-PORT.
- 12-month net flow: −$59.9M
- 12-month gross sales (incl. reinvestments): $61.1M
- Sales ÷ redemptions: 0.50×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $5.9M | $9.0M | −$3.1M |
| Jun 2026 | $2.0M | $9.5M | −$7.5M |
| May 2026 | $1.7M | $13.2M | −$11.6M |
| Apr 2026 | $1.6M | $7.9M | −$6.3M |
| Mar 2026 | $3.4M | $10.0M | −$6.6M |
| Feb 2026 | $2.7M | $11.7M | −$9.0M |
| Jan 2026 | $6.2M | $22.7M | −$16.5M |
| Dec 2025 | $23.0M | $9.1M | $13.9M |
| Nov 2025 | $2.1M | $8.0M | −$5.9M |
| Oct 2025 | $3.1M | $7.3M | −$4.3M |
| Sep 2025 | $5.1M | $7.0M | −$1.9M |
| Aug 2025 | $4.3M | $5.6M | −$1.3M |
PCEMX Assets Under Management
Net assets of PACE International Emerging Markets Equity Investments by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $572.05M |
| 2026-04-30 | $556.91M |
| 2026-01-31 | $549.36M |
| 2025-10-31 | $526.42M |
| 2025-07-31 | $460.22M |
| 2025-04-30 | $412.23M |
| 2025-01-31 | $395.73M |
| 2024-10-31 | $402.31M |
| 2024-07-31 | $384.48M |
| 2024-04-30 | $375.61M |
| 2024-01-31 | $357.39M |
| 2023-10-31 | $337.20M |
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.