See what your fund actually adds
PACE Municipal Fixed Income Investments Class A PMUAX
Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.
Fund and replication metrics
| Measure | PMUAX | Replication |
|---|---|---|
| Annualized growth | -0.2% | 0.4% |
| Annualized volatility | 4.3% | 4.3% |
| Sharpe ratio | -0.02 | 0.12 |
| Maximum drawdown | 11.2% | 10.4% |
| Replication fit (R²) | 0.98 · Tracking error 0.7% | |
Replication portfolio
The published portfolio below is the investable basket used to model PMUAX’s historical return behavior.
| Ticker | Building block | Weight |
|---|---|---|
| MUB | FI · Municipal | 84.3% |
| VCSH | FI · Short Corp | 8.2% |
| STIP | FI · Short TIPS | 7.4% |