PCSIX Fees and Costs — PACE Strategic Fixed Income Investments, Class P
Data updated: 2026-10-13
The net expense ratio is 0.79%: a 0.43% management fee plus 0.48% other expenses, less a 0.12% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $22K in broker commissions, 0.0054% of average net assets, and portfolio turnover was 219%.
PCSIX Fees and Expenses
Annual operating expenses and sales charges of PCSIX. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.43% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.48% |
| Gross expense ratio | 0.91% |
| Fee waiver | −0.12% |
| Net expense ratio | 0.79% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
PCSIX Costs Over Time
On $10,000 invested in PCSIX, assuming 5% a year before costs, total costs come to $500 over 5 years, cutting the return by 0.84% 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 0.79%) | $83 | $259 | $451 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $13 | $46 |
| Total costs | $84 | $274 | $500 |
| Value after costs | $10,416 | $11,302 | $12,263 |
| Impact on return, per year | 0.84% | 0.84% | 0.84% |
PCSIX 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): 0.0054%
- Total broker commissions: $22K
- Bought from dealers (principal trades, not a cost): $2.2B
- Portfolio turnover (prospectus): 219%
PCSIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $19K | 83.43% |
| Citigroup Global Markets Inc. | $3K | 14.14% |
| BNY Capital Markets, LLC | $532 | 2.40% |
| BGC Financial, L.P. | $3 | 0.01% |
| Cantor Fitzgerald & Co. | $3 | 0.01% |
PCSIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Barclays Capital Inc. | $745.0M | 34.61% |
| Morgan Stanley & Co. LLC | $450.2M | 20.91% |
| State Street Bank and Trust Company | $334.8M | 15.55% |
| J.P. Morgan Securities LLC | $158.3M | 7.35% |
| Goldman Sachs & Co. LLC | $140.0M | 6.50% |
| Citigroup Global Markets Inc. | $132.0M | 6.13% |
| Wells Fargo Securities, LLC | $81.5M | 3.79% |
| BofA Securities, Inc. | $47.9M | 2.22% |
| BNP Paribas Securities Corp. | $46.2M | 2.14% |
| BNY Capital Markets, LLC | $16.8M | 0.78% |
PACE Strategic Fixed Income Investments Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PSFTX | C000228104 | 0.61% | none |
| PCSIX | Class P | 0.79% | none |
| PSFYX | Class Y | 0.80% | none |
| PBNAX | Class A | 1.04% | 3.75% |
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.