PACE Global Real Estate Securities C
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
N/A
1 yr return
1.0%
3 Yr Avg Return
5.0%
5 Yr Avg Return
4.5%
Net Assets
$133 M
Holdings in Top 10
39.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.20%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 73.00%
Redemption Fee 1.00%
Min Investment
Standard (Taxable)
$1,000
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
PREEX - Profile
Distributions
- YTD Total Return N/A
- 3 Yr Annualized Total Return 5.0%
- 5 Yr Annualized Total Return 4.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.23%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NamePACE Global Real Estate Securities Investments
-
Fund Family NameUBS Asset Management
-
Inception DateDec 18, 2006
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerJason S. Baine
Fund Description
PREEX - Performance
Return Ranking - Trailing
Period | PREEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | 11.5% | 21.8% | N/A |
1 Yr | 1.0% | -8.4% | 10.6% | N/A |
3 Yr | 5.0%* | -10.7% | 7.2% | N/A |
5 Yr | 4.5%* | -6.3% | 7.3% | N/A |
10 Yr | 4.0%* | -0.2% | 9.1% | N/A |
* Annualized
Return Ranking - Calendar
Period | PREEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -25.2% | -6.4% | N/A |
2022 | N/A | -10.0% | 23.6% | N/A |
2021 | N/A | -31.0% | 42.6% | N/A |
2020 | N/A | -8.7% | 0.0% | N/A |
2019 | N/A | -6.1% | 19.4% | N/A |
Total Return Ranking - Trailing
Period | PREEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | 11.5% | 21.8% | N/A |
1 Yr | 0.0% | -8.4% | 15.0% | N/A |
3 Yr | 5.0%* | -8.5% | 10.1% | N/A |
5 Yr | 4.5%* | -4.8% | 10.5% | N/A |
10 Yr | 4.0%* | 2.6% | 14.1% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | PREEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -22.4% | -3.1% | N/A |
2022 | N/A | -7.1% | 27.0% | N/A |
2021 | N/A | -27.8% | 49.1% | N/A |
2020 | N/A | -7.7% | 2.7% | N/A |
2019 | N/A | -1.4% | 22.7% | N/A |
PREEX - Holdings
Concentration Analysis
PREEX | Category Low | Category High | PREEX % Rank | |
---|---|---|---|---|
Net Assets | 133 M | 20.6 M | 8.53 B | N/A |
Number of Holdings | 56 | 29 | 614 | N/A |
Net Assets in Top 10 | 55 M | 5.99 M | 5.64 B | N/A |
Weighting of Top 10 | 39.30% | 17.0% | 67.5% | N/A |
Top 10 Holdings
- Simon Property Group Inc 8.03%
- Mitsui Fudosan Co Ltd 4.83%
- Land Securities Group PLC 4.70%
- Mitsubishi Estate Co Ltd 3.94%
- Mid-America Apartment Communities Inc 3.75%
- Public Storage 3.43%
- AvalonBay Communities Inc 2.91%
- Merlin Properties SOCIMI SA 2.79%
- Dexus 2.51%
- Vonovia SE 2.42%
Asset Allocation
Weighting | Return Low | Return High | PREEX % Rank | |
---|---|---|---|---|
Stocks | 97.38% | 64.13% | 100.00% | N/A |
Cash | 1.37% | -0.02% | 5.54% | N/A |
Other | 1.25% | -0.06% | 4.59% | N/A |
Preferred Stocks | 0.00% | 0.00% | 13.33% | N/A |
Convertible Bonds | 0.00% | 0.00% | 0.00% | N/A |
Bonds | 0.00% | 0.00% | 17.89% | N/A |
Stock Sector Breakdown
Weighting | Return Low | Return High | PREEX % Rank | |
---|---|---|---|---|
Real Estate | 92.66% | 60.63% | 99.26% | N/A |
Consumer Cyclical | 4.71% | 0.00% | 9.48% | N/A |
Utilities | 0.00% | 0.00% | 0.88% | N/A |
Technology | 0.00% | 0.00% | 6.75% | N/A |
Industrials | 0.00% | 0.00% | 8.37% | N/A |
Healthcare | 0.00% | 0.00% | 3.41% | N/A |
Financial Services | 0.00% | 0.00% | 1.74% | N/A |
Energy | 0.00% | 0.00% | 0.25% | N/A |
Communication Services | 0.00% | 0.00% | 5.52% | N/A |
Consumer Defense | 0.00% | 0.00% | 0.00% | N/A |
Basic Materials | 0.00% | 0.00% | 2.29% | N/A |
Stock Geographic Breakdown
Weighting | Return Low | Return High | PREEX % Rank | |
---|---|---|---|---|
US | 53.16% | 0.00% | 65.24% | N/A |
Non US | 44.22% | 31.47% | 98.57% | N/A |
PREEX - Expenses
Operational Fees
PREEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.20% | 0.11% | 20.23% | N/A |
Management Fee | 0.70% | 0.09% | 1.11% | N/A |
12b-1 Fee | 1.00% | 0.00% | 1.00% | N/A |
Administrative Fee | 0.10% | 0.01% | 0.25% | N/A |
Sales Fees
PREEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.50% | 5.75% | N/A |
Deferred Load | 1.00% | 1.00% | 5.00% | N/A |
Trading Fees
PREEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | 1.00% | 0.25% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
PREEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 73.00% | 3.00% | 204.00% | N/A |
PREEX - Distributions
Dividend Yield Analysis
PREEX | Category Low | Category High | PREEX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 0.05% | N/A |
Dividend Distribution Analysis
PREEX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annually | Annually | Monthly | Quarterly |
Net Income Ratio Analysis
PREEX | Category Low | Category High | PREEX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.23% | 0.60% | 4.52% | N/A |
Capital Gain Distribution Analysis
PREEX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Daily | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 18, 2017 | $0.192 | |
Dec 19, 2016 | $0.248 | |
Dec 18, 2015 | $0.155 | |
Dec 19, 2014 | $0.195 | |
Dec 19, 2013 | $0.072 | |
Dec 19, 2012 | $0.203 | |
Dec 20, 2011 | $0.111 | |
Dec 17, 2010 | $0.349 | |
Dec 18, 2009 | $0.450 | |
Dec 18, 2008 | $0.014 | |
Dec 21, 2007 | $0.198 | |
Dec 22, 2006 | $0.040 |
PREEX - Fund Manager Analysis
Managers
Jason S. Baine
Start Date
Tenure
Tenure Rank
Nov 28, 2009
8.84
8.8%
Jason Baine has 21 years of industry experience and is a Portfolio Manager on the Real Estate Equities team. He oversees and contributes to the portfolio construction process, including execution of buy/sell decisions, and has managed all real estate strategies since their inception. Prior to joining the firm in 2001, Jason was the Director of Business Development at Corrigo Incorporated and an analyst/trader at RREEF. He is a member of the National Association of Real Estate Investment Trusts (NAREIT). Jason earned a Bachelor of Arts degree from Georgetown University.
Bernhard Krieg
Start Date
Tenure
Tenure Rank
Nov 28, 2009
8.84
8.8%
Bernhard Krieg – Managing Director, Portfolio Manager Bernhard Krieg has 19 years of industry experience and is a Portfolio Manager on the Real Estate Equities team. He oversees and contributes to the portfolio construction process, including execution of buy/sell decisions. Prior to joining the firm in 2006, Bernhard was a Senior Vice President at Haven Funds and a Vice President at Security Capital. He holds the Chartered Financial Analyst® designation. Bernhard earned a Master of Business Administration degree from Texas A&M University and his undergraduate equivalent in Business Administration and Civil Engineering from the Technical University in Dresden, Germany.
Mabel Lung
Start Date
Tenure
Tenure Rank
Dec 31, 2006
11.76
11.8%
• Mabel has been an integral member in portfolio management of Multi-Asset and Multi-Component Portfolios since 2000 when UBS Asset Management launched the UBS Multi-Asset Managed Accounts Program. • Recognizing the importance of after-tax investment results to US private clients, Mabel led her team to launch Personalized Tax Management in 2011 as a tax overlay investment service to multi-asset portfolios. • Mabel has significant experience in manager selection, overseeing $30 billion of assets for institutional and private clients globally through open architecture of best-in-class managers in liquid strategies, combined with a keen focus on risk-aware and holistic portfolio construction. • Mabel joined the firm in 1984, after her graduate study in business administration and has held various positions in finance, treasury, strategic and business planning, prior to joining the asset management division of the firm in 1995. • Prior to business school, she was a corporate finance analyst at an investment banking firm.
Fred Lee
Start Date
Tenure
Tenure Rank
Dec 31, 2009
8.75
8.8%
Fred Lee, CFA, as the Head of Portfolio Construction & Quantitative Research within the MMS team since January 2009, oversees the portfolio construction process in determining the specific allocations to individual managers. He also leads the team responsible for the quantitative assessment of managers. Mr. Lee is located in the London office of UBS AM, which he joined in 2006 as a Risk Analyst where he provided risk assessment and monitoring for all client portfolios and enhanced proprietary risk models. Prior to joining UBS AM, Mr. Lee worked as a consultant for MSCI Barra providing advice to large investment managers across Europe on the interpretation and use of risk models and analytics.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.0 | 20.42 | 8.4 | 12.84 |