Mutual Fund Insights: UBS PACE High Yield P Fund (PHYPX)

In-depth Analysis of UBS PACE High Yield P Fund (PHYPX)

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See UBS PACE High Yield P Fund (PHYPX) performance details as of February 28, 2010

  

Last Trade: $10.22 on 3/19/2010, Change: +0.01 (0.1%)

  

Fund Manager - Taylor Wagenseil

Fund Manager Tenure: 4.0 years
Fundmojo Fund Grade: A (Score: 0.79)     (What does this score mean?)

Wagenseil became director and co-head of High Yield portfolio management in 2004 after MacKay Shields acquired the fixed income division of Pareto Partners, where Taylor Wagenseil was co-head of High Yield Investments and an equity shareholder. Taylor Wagenseil was recruited to join UBS in 1993 as a senior portfolio manager. His public service and military experience includes the U.S. Navy (Lieutenant) during the Vietnam War and five years as the commissioner, Department of Elderly Affairs for the City of Boston.  Get more insights on Taylor Wagenseil

  

 What we like about UBS PACE High Yield P Fund (PHYPX)

Data for UBS PACE High Yield P Fund (PHYPX) as of February 28, 2010

• UBS PACE High Yield P Fund (PHYPX) management has been with UBS PACE High Yield P Fund for 4.0 years
• UBS PACE High Yield P Fund (PHYPX) has good short-term performance (1-year return 52.00% vs 45.45 % High Yield Bond category average)
• UBS PACE High Yield P Fund (PHYPX) has good mid-term performance (3-year return 7.85% vs 2.71 % High Yield Bond category average)
• UBS PACE High Yield P Fund (PHYPX) has a Morningstar rating of 4 and above
• UBS PACE High Yield P Fund (PHYPX) has an annual stock turnover rate of 49.00% vs High Yield Bond average of 97.73%. It is good that UBS PACE High Yield P management does not trade extensively for its return.
• UBS PACE High Yield P Fund (PHYPX) is less volatile than its peers as it has a 3-year Standard Deviation of 14.16, lower than category average of 15.37
• UBS PACE High Yield P Fund (PHYPX) has a lower management fee than its High Yield Bond average: 1.10% vs 1.21%
• UBS PACE High Yield P Fund (PHYPX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

  

 What we are cautious about UBS PACE High Yield P Fund (PHYPX)

Data for UBS PACE High Yield P Fund (PHYPX) as of February 28, 2010

• UBS PACE High Yield P Fund (PHYPX) ratio of up-years vs down years can be improved

See UBS PACE High Yield P Fund (PHYPX) performance details as of February 28, 2010

  

  

Interested in other top mutual funds in similar High Yield Bond category?

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• AIM High Yield Inst (AHIYX)    [ Compare with UBS PACE High Yield P Fund (PHYPX) ]
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• Federated Instl High Yield Bond Instl (FIHBX)    [ Compare with UBS PACE High Yield P Fund (PHYPX) ]
• See top fund managers for High Yield Bond Category Funds
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UBS PACE High Yield P Fund (PHYPX) Net Asset

Track net asset change of UBS PACE High Yield P fund (PHYPX)

Date	Net Asset
02/2010	$202.64M
01/2010	$190.13M
11/2009	$177.47M

More historic net asset information on UBS PACE High Yield P Fund (PHYPX)

  

UBS PACE High Yield P Fund (PHYPX) Portfolio Allocation

Track portfolio allocation change of UBS PACE High Yield P fund (PHYPX)

Date	Cash	Stock	Bond	Other
09/2009	1.36%	0%	96.24%	2.39%
06/2009	2.28%	0%	94.33%	3.39%
03/2009	3.02%	0%	95.12%	1.86%

Click here to see more historic asset allocation information on UBS PACE High Yield P Fund (PHYPX)

  

Most Recent Top 10 Holdings in UBS PACE High Yield P Fund (PHYPX)

Discover what UBS PACE High Yield P Fund (PHYPX) manager is buying

30-Sep-09 Ford Mtr 6.625% [1.81%] Hca 6.5% [1.62%] Novelis 7.25% [1.33%] Ford Motor Credit 8% [1.25%] Chesapeake Engy 6.375% [1.2%] Softbank 7.75% [1.2%] El Paso 6.875% [1.16%] Gmac 8% [1.15%] Century Alum 7.5% [1.13%] General Mtrs 8.375% [1.12%]

30-Jun-09 Hca 6.5% [1.68%] Ford Mtr 6.625% [1.61%] Novelis 7.25% [1.39%] Chesapeake Engy 6.375% [1.37%] El Paso 6.875% [1.32%] Huntsman 11.5% [1.26%] Ford Motor Credit 8% [1.22%] Nrg Engy 7.25% [1.22%] Softbank 7.75% [1.2%] Tesoro 6.25% [1.2%]

31-Mar-09 Ford Motor Credit 8% [2.03%] Hca 6.5% [1.78%] Chesapeake Engy 6.375% [1.69%] El Paso 6.875% [1.64%] Nrg Engy 7.25% [1.54%] Iron Mtn 7.75% [1.54%] Arch Westn Fin 6.75% [1.5%] L-3 Comms 6.375% [1.49%] Tesoro 6.25% [1.43%] Owens-Brockway Glass Container 6.75% [1.38%]

Click here for Stock Holding Change Map in UBS PACE High Yield P Fund (PHYPX)

  

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See more information on UBS PACE High Yield P Fund (PHYPX)

• UBS PACE High Yield P Fund Insights
• UBS PACE High Yield P Fund Performance Data
• UBS PACE High Yield P Fund News
• UBS PACE High Yield P Fund Score Explaination
• UBS PACE High Yield P Fund Manager Information
• Historic UBS PACE High Yield P Fund Asset Allocation Report
• Historic UBS PACE High Yield P Fund Top 10 Holding Tracking
• Historic UBS PACE High Yield P Fund Asset Under Management Tracking