PWFAX Fees and Costs — PACE Global Fixed Income Investments, Class A
Data updated: 2026-10-13
The net expense ratio is 1.03% (1.30% before fee waivers). This share class carries a maximum front-end sales load of 3.75%. In fiscal 2026 the fund paid $22K in broker commissions, 0.0137% of average net assets, and portfolio turnover was 136%.
PWFAX Fees and Expenses
Annual operating expenses and sales charges of PWFAX. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.25% |
| Other expenses | — |
| Gross expense ratio | 1.30% |
| Fee waiver | −0.27% |
| Net expense ratio | 1.03% |
| Sales charges | |
|---|---|
| Max front load | 3.75% |
| Max deferred load | 0.00% |
| Redemption fee | — |
PWFAX Costs Over Time
On $10,000 invested in PWFAX, assuming 5% a year before costs, total costs come to $1,106 over 5 years, cutting the return by 1.89% 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 |
| Sales charges | $375 | $375 | $375 |
| Fund expenses (net expense ratio 1.03%) | $104 | $325 | $563 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $19 | $75 | $161 |
| Total costs | $499 | $779 | $1,106 |
| Value after costs | $10,001 | $10,797 | $11,656 |
| Impact on return, per year | 4.99% | 2.41% | 1.89% |
PWFAX 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): 0.0137%
- Total broker commissions: $22K
- Bought from dealers (principal trades, not a cost): $678.5M
- Portfolio turnover (prospectus): 136%
PWFAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $22K | 100.00% |
PWFAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $134.1M | 23.61% |
| Wells Fargo Securities, LLC | $94.1M | 16.56% |
| Barclays Capital Inc. | $66.7M | 11.73% |
| BNP Paribas Securities Corp. | $56.8M | 10.00% |
| Morgan Stanley & Co. LLC | $54.2M | 9.54% |
| Nomura Securities International, Inc. | $39.5M | 6.95% |
| Goldman Sachs & Co. LLC | $37.4M | 6.58% |
| Deutsche Bank Securities Inc. | $32.2M | 5.67% |
| Citadel Securities LLC | $26.9M | 4.74% |
| Citigroup Global Markets Inc. | $26.3M | 4.63% |
PACE Global 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 |
|---|---|---|---|
| PGFTX | C000228106 | 0.67% | none |
| PCGLX | Class P | 0.84% | none |
| PWFYX | Class Y | 0.87% | none |
| PWFAX | Class A | 1.03% | 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.