PIFAX Performance — PACE Intermediate Fixed Income Investments, Class A
Data updated: 2026-10-13
PIFAX returned −0.45% year to date and +2.69% over one year to Jul 2026. Annualised returns are +4.94% over 3 years and +0.30% over 5 years. Against its Intermediate Core Bond category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $116, against $113 for the category, and to $103 over one year, against $103. Volatility over the past three years was 5.47% a year. In the 12 months to Jul 2026 the fund lost a net $6.4M, and assets reached $187.18M.
PIFAX Growth of $100
What $100 invested in PACE Intermediate Fixed Income Investments grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Core Bond category average over the same months.
| Period | PIFAX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $103 | $103 |
| 3 years (Aug 2023 – Jul 2026) | $116 | $113 |
| 5 years (Aug 2021 – Jul 2026) | $102 | $100 |
| Since data start (Aug 2019 – Jul 2026) | $110 | $110 |
PIFAX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | −0.45% |
| 1 year | +2.69% |
| 3 years (annualised) | +4.94% |
| 5 years (annualised) | +0.30% |
PIFAX Annual Returns
Calendar-year total returns of PACE Intermediate Fixed Income Investments, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | −0.45% |
| 2025 | +7.28% |
| 2024 | +3.58% |
| 2023 | +7.65% |
| 2022 | −13.61% |
| 2021 | −2.11% |
| 2020 | +7.75% |
| 2019 (Aug–Dec) | +1.79% |
PIFAX 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 | +0.1% | +1.5% | −1.7% | +0.2% | +0.3% | +0.5% | −1.4% | — | — | — | — | — |
| 2025 | +0.4% | +2.2% | −0.2% | +0.2% | −0.3% | +1.8% | −0.2% | +1.1% | +1.0% | +0.6% | +0.6% | −0.2% |
| 2024 | +0.1% | −0.9% | +1.1% | −2.2% | +1.7% | +1.1% | +1.9% | +1.7% | +1.3% | −2.1% | +1.2% | −1.5% |
| 2023 | +3.8% | −2.4% | +1.7% | +0.9% | −1.2% | +0.1% | +0.4% | −0.4% | −2.3% | −1.6% | +4.6% | +4.2% |
| 2022 | −2.1% | −1.4% | −2.7% | −4.1% | +0.6% | −2.0% | +2.6% | −2.9% | −4.0% | −1.2% | +3.6% | −0.5% |
| 2021 | −0.7% | −1.5% | −1.4% | +0.9% | +0.1% | +0.8% | +1.0% | −0.2% | −0.8% | −0.1% | 0.0% | −0.2% |
| 2020 | +1.9% | +1.4% | −1.7% | +2.4% | +0.9% | +1.0% | +1.7% | −0.7% | −0.1% | −0.4% | +1.0% | +0.2% |
| 2019 | — | — | — | — | — | — | — | +2.2% | −0.4% | +0.3% | 0.0% | −0.2% |
PIFAX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 5.47%
- 3-year Sharpe ratio: 0.08 (vs 4.5% risk-free rate)
- Best month: +4.63% (Nov 2023)
- Worst month: −2.27% (Sep 2023)
PIFAX Fund Flows
Monthly money in and out of PACE Intermediate Fixed Income Investments, from SEC Form N-PORT.
- 12-month net flow: −$6.4M
- 12-month gross sales (incl. reinvestments): $27.3M
- Sales ÷ redemptions: 0.81×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $2.0M | $2.9M | −$891K |
| Jun 2026 | $1.9M | $1.9M | $9K |
| May 2026 | $3.0M | $2.3M | $697K |
| Apr 2026 | $1.7M | $3.6M | −$1.9M |
| Mar 2026 | $1.9M | $2.3M | −$424K |
| Feb 2026 | $2.8M | $2.7M | $59K |
| Jan 2026 | $2.9M | $4.3M | −$1.4M |
| Dec 2025 | $2.2M | $3.8M | −$1.6M |
| Nov 2025 | $2.2M | $2.0M | $187K |
| Oct 2025 | $2.1M | $3.3M | −$1.1M |
| Sep 2025 | $2.2M | $2.1M | $105K |
| Aug 2025 | $2.4M | $2.6M | −$205K |
PIFAX Assets Under Management
Net assets of PACE Intermediate Fixed Income Investments by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $187.18M |
| 2026-04-30 | $190.83M |
| 2026-01-31 | $195.43M |
| 2025-10-31 | $199.61M |
| 2025-07-31 | $197.89M |
| 2025-04-30 | $201.12M |
| 2025-01-31 | $200.29M |
| 2024-10-31 | $202.55M |
| 2024-07-31 | $206.17M |
| 2024-04-30 | $202.24M |
| 2024-01-31 | $210.09M |
| 2023-10-31 | $199.79M |
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.