#PCEMarketWatch As of June 1, 2025, the PACE International Emerging Markets Equity Investments Class P (PCEMX) fund is trading at a Net Asset Value (NAV) of $BTC

14.31 per share. This reflects a Year-to-Date (YTD) return of 10.4% and a 1-year return of 9.1%.

📊 Fund Overview

Fund Type: Open-end mutual fund

Investment Style: Large Blend

Category: Diversified Emerging Markets

Inception Date: August 24, 1995

Fund Manager: UBS Asset Management

Total Net Assets: Approximately $434.4 million

Expense Ratio: 1.20%

Turnover Rate: 66%

Minimum Initial Investment: $10,000

Dividend Yield (TTM): 1.17%

Distribution Frequency: Annually

Morningstar Medalist Rating: Neutral

🌍 Portfolio Composition

Asset Allocation:

Non-U.S. Stocks: 97.45%

U.S. Stocks: 1.03%

Cash & Equivalents: 1.52%

Top Sectors:

Technology: 23.97%

Financial Services: 22.85%

Consumer Cyclical: 18.22%

Communication Services: 7.83%

Industrials: 6.96%

Regional Exposure:

Emerging Asia: 44.89%

Developed Asia: 31.14%

Latin America: 12.60%

Africa: 4.86%

Middle East: 1.26%

Top Holdings:

Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC): 4.63%

Tencent Holdings Ltd.: 3.99%

SK Hynix Inc.: 2.37%

Samsung Electronics Co. Ltd.: 1.92%

📈 Performance Highlights

3-Year Average Annual Return: 7.8%

5-Year Average Annual Return: 8.6%

10-Year Average Annual Return: 2.67%

⚠️ Considerations

Expense Ratio: At 1.20%, the fund's expense ratio is higher than the category average, which may impact net returns over time.

Turnover Rate: A turnover rate of 66% indicates moderate trading activity, which could lead to higher transaction costs and potential tax implications.

Market Outlook: Some analysts suggest caution regarding emerging markets equities due to recent outperformance and potential market volatility.