PMUTX Performance — PACE Municipal Fixed Income Investments
Data updated: 2026-10-13
PMUTX returned −0.04% year to date and +4.43% over one year to Jul 2026. Annualised returns are +2.90% over 3 years and +0.53% over 5 years. The fund trailed its Intermediate Municipal Bond category average: $100 invested three years ago grew to $109, against $109 for the category, and to $104 over one year, against $105. Volatility over the past three years was 4.69% a year. In the 12 months to Jul 2026 the fund lost a net $12.0M, and assets reached $142.75M. Returns are those of sibling share class PCMNX; this class's own returns are not reported in filings.
PMUTX Growth of $100
What $100 invested in PACE Municipal Fixed Income Investments grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Municipal Bond category average over the same months.
| Period | PMUTX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $104 | $105 |
| 3 years (Aug 2023 – Jul 2026) | $109 | $109 |
| 5 years (Aug 2021 – Jul 2026) | $103 | $102 |
| Since data start (Aug 2019 – Jul 2026) | $110 | $109 |
PMUTX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | −0.04% |
| 1 year | +4.43% |
| 3 years (annualised) | +2.90% |
| 5 years (annualised) | +0.53% |
PMUTX Annual Returns
Calendar-year total returns of PACE Municipal Fixed Income Investments, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | −0.04% |
| 2025 | +4.78% |
| 2024 | +0.85% |
| 2023 | +5.54% |
| 2022 | −7.32% |
| 2021 | +0.72% |
| 2020 | +4.62% |
| 2019 (Aug–Dec) | +1.01% |
PMUTX 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 | +1.0% | +1.1% | −2.4% | +0.9% | +0.4% | +0.5% | −1.5% | — | — | — | — | — |
| 2025 | +0.4% | +1.1% | −1.6% | −0.4% | +0.1% | +0.7% | −0.1% | +0.8% | +1.9% | +1.1% | +0.3% | +0.2% |
| 2024 | −0.2% | 0.0% | 0.0% | −0.9% | −0.5% | +1.2% | +0.8% | +0.7% | +0.9% | −1.5% | +1.5% | −1.0% |
| 2023 | +2.5% | −1.9% | +1.7% | −0.1% | −0.9% | +0.7% | +0.3% | −0.9% | −2.2% | −0.7% | +4.8% | +2.3% |
| 2022 | −2.6% | −0.5% | −2.7% | −2.4% | +1.2% | −1.1% | +2.2% | −1.8% | −3.1% | −0.6% | +3.8% | +0.2% |
| 2021 | +0.5% | −1.5% | +0.5% | +0.8% | +0.2% | +0.1% | +0.7% | −0.3% | −0.7% | −0.3% | +0.7% | 0.0% |
| 2020 | +1.6% | +1.1% | −3.9% | −1.4% | +3.0% | +1.0% | +1.6% | −0.1% | +0.1% | −0.2% | +1.2% | +0.7% |
| 2019 | — | — | — | — | — | — | — | +1.3% | −0.8% | 0.0% | +0.1% | +0.3% |
PMUTX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 4.69%
- 3-year Sharpe ratio: -0.34 (vs 4.5% risk-free rate)
- Best month: +4.79% (Nov 2023)
- Worst month: −2.37% (Mar 2026)
PMUTX Fund Flows
Monthly money in and out of PACE Municipal Fixed Income Investments, from SEC Form N-PORT.
- 12-month net flow: −$12.0M
- 12-month gross sales (incl. reinvestments): $17.8M
- Sales ÷ redemptions: 0.60×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $887K | $3.1M | −$2.2M |
| Jun 2026 | $728K | $2.6M | −$1.8M |
| May 2026 | $1.9M | $1.2M | $780K |
| Apr 2026 | $1.2M | $2.5M | −$1.3M |
| Mar 2026 | $1.2M | $1.7M | −$560K |
| Feb 2026 | $2.2M | $3.7M | −$1.5M |
| Jan 2026 | $1.8M | $3.3M | −$1.5M |
| Dec 2025 | $2.0M | $2.6M | −$671K |
| Nov 2025 | $878K | $2.3M | −$1.4M |
| Oct 2025 | $668K | $2.1M | −$1.4M |
| Sep 2025 | $1.4M | $1.6M | −$170K |
| Aug 2025 | $2.9M | $3.2M | −$286K |
PMUTX Assets Under Management
Net assets of PACE Municipal Fixed Income Investments by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $142.75M |
| 2026-04-30 | $148.12M |
| 2026-01-31 | $153.08M |
| 2025-10-31 | $155.27M |
| 2025-07-31 | $152.25M |
| 2025-04-30 | $158.76M |
| 2025-01-31 | $168.44M |
| 2024-10-31 | $177.68M |
| 2024-07-31 | $184.70M |
| 2024-04-30 | $189.22M |
| 2024-01-31 | $196.29M |
| 2023-10-31 | $194.06M |
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.