PMUTX Fees and Costs — PACE Municipal Fixed Income Investments
Data updated: 2026-10-13
The net expense ratio is 0.43% (0.73% before fee waivers). There are no sales loads or redemption fees. Portfolio turnover was 11%.
PMUTX Fees and Expenses
Annual operating expenses and sales charges of PMUTX. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | — |
| Gross expense ratio | 0.73% |
| Fee waiver | −0.30% |
| Net expense ratio | 0.43% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
PMUTX Costs Over Time
On $10,000 invested in PMUTX, assuming 5% a year before costs, total costs come to $272 over 5 years, cutting the return by 0.45% 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 0.43%) | $45 | $142 | $247 |
| Lost growth on money paid in costs | $0 | $7 | $25 |
| Total costs | $45 | $149 | $272 |
| Value after costs | $10,455 | $11,428 | $12,491 |
| Impact on return, per year | 0.45% | 0.45% | 0.45% |
PMUTX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $145.9M
- Portfolio turnover (prospectus): 11%
PMUTX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $84.5M | 60.31% |
| BNY Capital Markets, LLC | $12.1M | 8.63% |
| J.P. Morgan Securities LLC | $12.0M | 8.58% |
| Morgan Stanley & Co. LLC | $10.0M | 7.12% |
| BofA Securities, Inc. | $5.2M | 3.68% |
| Wells Fargo Securities, LLC | $4.7M | 3.32% |
| RBC Capital Markets, LLC | $3.3M | 2.38% |
| Goldman Sachs & Co. LLC | $3.2M | 2.29% |
| OPPENHEIMER & CO. INC. | $3.0M | 2.15% |
| Jefferies LLC | $2.1M | 1.53% |
PACE Municipal 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 |
|---|---|---|---|
| PMUTX | C000228105 | 0.43% | none |
| PCMNX | Class P | 0.57% | none |
| PMUYX | Class Y | 0.57% | none |
| PMUAX | Class A | 0.82% | 2.25% |
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.