Pace Mortgage Backed Securities Fund Manager Performance Evaluation

PFXAX Fund  USD 10.64  -0.01  -0.09%   
The fund has a beta of -0.0179, which means relatively modest fluctuations relative to the market. As returns on the market increase, returns on PACE MORTGAGE-BACKED tend to move in the opposite direction, though by a smaller magnitude. During a bear market, however, PACE MORTGAGE-BACKED is likely to outperform the market.
Risk-Adjusted Performance
Moderate
 
Weak
 
Strong
Compared with the broader market, risk-adjusted returns on Pace Mortgage Backed Securities rank lower than 9% of all funds and fund portfolios over the last 90 days. This score becomes more useful when investors compare it with downside risk, Sharpe Ratio, and current trend stability. Despite somewhat strong basic indicators, PACE MORTGAGE-BACKED is not utilizing all of its potential. The current price disturbance may contribute to short-term losses for investors. Learn More
  

Relative Risk vs. Return Landscape

If you had invested $ 1,032 in Pace Mortgage Backed Securities on December 15, 2025 and sold it today you would have earned a total of $ 32.00 from holding Pace Mortgage Backed Securities or generated 3.1% return on investment over 90 days. Pace Mortgage Backed Securities is currently producing a 0.0501% return and carries 0.4123% volatility of returns over 90 trading days. Put another way, 3% of traded mutual funds are less volatile than PACE, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days.
  Expected Return   
       Risk  
This relative risk-return summary reviews how the instrument behaves against its benchmark. It highlights whether the current reward profile compensates for the level of uncertainty assumed. Assuming a 90-day horizon PACE MORTGAGE-BACKED is expected to generate 0.52 times more return on investment than the market. However, the fund is 1.91 times less risky than the market. It trades about 0.12 of its potential returns per unit of risk. The Dow Jones Industrial is currently generating roughly -0.08 per unit of risk.

Historical Prices of Pace Mortgage Backed

Below is the normalized historical share price chart for Pace Mortgage Backed Securities extending back to January 18, 2001. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of PACE MORTGAGE-BACKED stands at 10.64, as last reported on the 15th of March 2026, with the highest price reaching 10.64 and the lowest price hitting 10.64 during the day.
Macro event markers
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
 
Interest Hikes

Target Price Odds to finish over Current Price

The tendency of PACE Mutual Fund price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of organized markets for forecasting. However, many studies suggest that some traded funds are consistently mispriced before demand and supply correct the spread. One possible explanation is that these funds carry additional risk, for which investors demand compensation in the form of extra returns.
Current PriceHorizonTarget PriceOdds moving above the current price in 90 days
10.64 90 days 10.64
about 28.13
Based on a normal probability distribution, the odds of PACE MORTGAGE-BACKED moving above the current price in 90 days from now are about 28.13 (This Pace Mortgage Backed Securities probability density function shows the probability of PACE Mutual Fund falling within a particular range of prices over 90 days).
Assuming a 90-day horizon Pace Mortgage Backed Securities has a beta of -0.0179 indicating that as returns on the benchmark increase, returns on PACE MORTGAGE-BACKED tend to move in the opposite direction, though by a smaller magnitude. During a bear market, however, Pace Mortgage Backed Securities is likely to outperform the market. Additionally, Pace Mortgage Backed Securities has an alpha of 0.0392, implying that it can generate a 0.0392 percent excess return over Dow Jones Industrial after adjusting for the inherent market risk (beta).
   PACE MORTGAGE-BACKED Price Density   
       Price  

Predictive Modules for PACE MORTGAGE-BACKED

There are currently many different techniques concerning forecasting the fund market as a whole, as well as predicting future values of individual instruments such as Pace Mortgage Backed. Regardless of method or technology, however, to accurately forecast the fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of PACE MORTGAGE-BACKED's price to converge to an average value over time is called mean reversion.
Hype
Prediction
LowEstimatedHigh
10.2210.6411.06
Details
Intrinsic
Valuation
LowRealHigh
9.369.7811.70
Details
Naive
Forecast
LowNextHigh
10.1310.5510.96
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
10.3410.6610.98
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as PACE MORTGAGE-BACKED. Your research has to be compared to or analyzed against PACE MORTGAGE-BACKED's peers to derive any actionable benefits.

Primary Risk Indicators

The last 10-20 years have been a volatile period for the mutual fund market. PACE MORTGAGE-BACKED is no exception. The market experienced several large corrections towards PACE MORTGAGE-BACKED's value, including sharp drops and substantial rallies. An investor can limit portfolio swings by implementing a hedging strategy designed to reduce downside losses. If you hold Pace Mortgage Backed Securities, one way to protect your portfolio is to watch for changing volatility and market elasticity of PACE MORTGAGE-BACKED within the framework of fundamental risk indicators.
α
Alpha over Dow Jones
0.04
β
Beta against Dow Jones-0.0179
σ
Overall volatility
0.19
Ir
Information ratio 0.21

Investor Alerts and Insights

Automated alerts tied to PACE MORTGAGE-BACKED help investors stay ahead of material changes in fund conditions. Monitoring ongoing notifications for Pace Mortgage Backed is a practical way to spot shifts in technical or fundamental signals that may affect investment timing.
The fund maintains most of the assets in different exotic instruments.

PACE MORTGAGE-BACKED Fundamentals Growth

PACE Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of PACE MORTGAGE-BACKED, and PACE MORTGAGE-BACKED fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on PACE Mutual Fund performance.

Performance Metrics & Calculation Methodology

PACE MORTGAGE-BACKED performance is typically evaluated through NAV-based returns relative to category peers and stated objectives. Risk-adjusted measures provide context for return efficiency across regimes.

Unless otherwise specified, data for Pace Mortgage Backed Securities is compiled from fund disclosures and market reference feeds and standardized for comparability. Updates may occur throughout the day. Return and risk statistics are calculated from historical price series.

This content is curated and reviewed by:

Ellen Johnson - Member of Macroaxis Editorial Board