PCIEX Fees and Costs — PACE International Equity Investments, Class P
Data updated: 2026-10-13
The net expense ratio is 1.66%: a 0.79% management fee plus 0.94% other expenses, less a 0.07% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $523K in broker commissions, 0.0703% of average net assets, and portfolio turnover was 44%.
PCIEX Fees and Expenses
Annual operating expenses and sales charges of PCIEX. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.79% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.94% |
| Gross expense ratio | 1.73% |
| Fee waiver | −0.07% |
| Net expense ratio | 1.66% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
PCIEX Costs Over Time
On $10,000 invested in PCIEX, assuming 5% a year before costs, total costs come to $1,067 over 5 years, cutting the return by 1.82% 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 1.66%) | $174 | $540 | $929 |
| Trading costs (broker commissions) | $7 | $23 | $39 |
| Lost growth on money paid in costs | $0 | $28 | $99 |
| Total costs | $182 | $591 | $1,067 |
| Value after costs | $10,318 | $10,986 | $11,696 |
| Impact on return, per year | 1.82% | 1.82% | 1.82% |
PCIEX 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): 0.0703%
- Total broker commissions: $523K
- Bought from dealers (principal trades, not a cost): $211.5M
- Portfolio turnover (prospectus): 44%
PCIEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $114K | 24.06% |
| Jefferies LLC | $93K | 19.76% |
| Morgan Stanley & Co. LLC | $70K | 14.80% |
| Barclays Capital Inc. | $42K | 8.80% |
| Nomura Securities International, Inc. | $40K | 8.44% |
| SG Americas Securities, LLC | $39K | 8.18% |
| Goldman Sachs & Co. LLC | $28K | 5.93% |
| CLSA Americas, LLC | $19K | 4.10% |
| Virtu Americas LLC | $15K | 3.25% |
| BNP Paribas Securities Corp. | $13K | 2.66% |
PCIEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $203.1M | 98.02% |
| J.P. Morgan Securities LLC | $3.5M | 1.71% |
| National Bank of Canada Financial Inc. | $560K | 0.27% |
| Virtu Americas LLC | $7 | 0.00% |
PACE International 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 |
|---|---|---|---|
| PWITX | Class P2 | 1.07% | none |
| PWIYX | Class Y | 1.51% | none |
| PCIEX | Class P | 1.66% | none |
| PWGAX | Class A | 1.91% | 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.