PHIAX Performance — PACE High Yield Investments, Class A
Data updated: 2026-10-13
PHIAX returned +1.72% year to date and +4.97% over one year to Jul 2026. Annualised returns are +7.86% over 3 years and +3.29% over 5 years. The fund trailed its Global High Yield Bond category average: $100 invested three years ago grew to $125, against $128 for the category, and to $105 over one year, against $106. Volatility over the past three years was 4.08% a year. In the 12 months to Jul 2026 the fund lost a net $14.3M, and assets reached $155.80M.
PHIAX Growth of $100
What $100 invested in PACE High Yield Investments grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Global High Yield Bond category average over the same months.
| Period | PHIAX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $105 | $106 |
| 3 years (Aug 2023 – Jul 2026) | $125 | $128 |
| 5 years (Aug 2021 – Jul 2026) | $118 | $124 |
| Since data start (Aug 2019 – Jul 2026) | $135 | $138 |
PHIAX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.72% |
| 1 year | +4.97% |
| 3 years (annualised) | +7.86% |
| 5 years (annualised) | +3.29% |
PHIAX Annual Returns
Calendar-year total returns of PACE High Yield Investments, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +1.72% |
| 2025 | +8.30% |
| 2024 | +7.77% |
| 2023 | +12.60% |
| 2022 | −11.47% |
| 2021 | +3.40% |
| 2020 | +7.17% |
| 2019 (Aug–Dec) | +3.03% |
PHIAX 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 | +0.7% | +0.3% | −1.9% | +2.1% | +0.5% | +0.4% | −0.4% | — | — | — | — | — |
| 2025 | +1.2% | +0.9% | −1.1% | −0.2% | +1.6% | +1.7% | +0.7% | +1.0% | +0.9% | +0.3% | +0.4% | +0.6% |
| 2024 | +0.3% | +0.5% | +1.0% | −0.9% | +1.2% | +1.0% | +1.4% | +1.5% | +1.4% | −0.4% | +0.9% | −0.4% |
| 2023 | +4.1% | −1.2% | +0.7% | +0.7% | −0.8% | +1.7% | +1.3% | +0.1% | −0.7% | −1.2% | +4.1% | +3.4% |
| 2022 | −2.3% | −1.8% | −0.8% | −3.1% | −0.7% | −7.2% | +5.0% | −1.3% | −4.3% | +1.8% | +3.5% | −0.3% |
| 2021 | +0.4% | +0.7% | +0.3% | +1.3% | +0.4% | +1.1% | −0.3% | +0.7% | −0.6% | −1.0% | −1.3% | +1.6% |
| 2020 | +0.3% | −1.6% | −14.2% | +4.2% | +5.0% | +2.1% | +3.9% | +1.9% | −1.1% | +0.5% | +5.2% | +2.4% |
| 2019 | — | — | — | — | — | — | — | −0.1% | +0.5% | +0.1% | +0.4% | +2.0% |
PHIAX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 4.08%
- 3-year Sharpe ratio: 0.82 (vs 4.5% risk-free rate)
- Best month: +4.10% (Nov 2023)
- Worst month: −1.93% (Mar 2026)
PHIAX Fund Flows
Monthly money in and out of PACE High Yield Investments, from SEC Form N-PORT.
- 12-month net flow: −$14.3M
- 12-month gross sales (incl. reinvestments): $16.5M
- Sales ÷ redemptions: 0.54×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $1.0M | $2.1M | −$1.1M |
| Jun 2026 | $1.2M | $2.1M | −$934K |
| May 2026 | $1.5M | $2.1M | −$589K |
| Apr 2026 | $1.2M | $2.2M | −$1.0M |
| Mar 2026 | $1.3M | $3.4M | −$2.1M |
| Feb 2026 | $1.6M | $3.7M | −$2.1M |
| Jan 2026 | $805K | $3.8M | −$3.0M |
| Dec 2025 | $2.1M | $2.5M | −$393K |
| Nov 2025 | $1.5M | $2.6M | −$1.1M |
| Oct 2025 | $1.7M | $2.0M | −$268K |
| Sep 2025 | $1.4M | $2.0M | −$615K |
| Aug 2025 | $1.3M | $2.4M | −$1.1M |
PHIAX Assets Under Management
Net assets of PACE High Yield Investments by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $155.80M |
| 2026-04-30 | $159.80M |
| 2026-01-31 | $166.76M |
| 2025-10-31 | $170.84M |
| 2025-07-31 | $171.76M |
| 2025-04-30 | $170.76M |
| 2025-01-31 | $178.25M |
| 2024-10-31 | $183.68M |
| 2024-07-31 | $187.28M |
| 2024-04-30 | $186.85M |
| 2024-01-31 | $192.74M |
| 2023-10-31 | $186.70M |
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.