Fund Evaluator:

PACE Large Co Growth Equity P Overview

PACE Large Co Growth Equity P (PCLCX) is an actively managed U.S. Equity Large Growth fund. UBS Asset Management launched the fund in 1995.

The investment seeks capital appreciation. The fund invests primarily in stocks of companies that are believed to have substantial potential for capital growth. Under normal circumstances, the fund invests at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in equity securities issued by large capitalization companies. It may invest up to 20% of its total assets in non-U.S. securities, which may trade either within or outside the U.S.

About PACE Large Co Growth Equity P (PCLCX)

There are 12 members of the management team with an average tenure of 6.19 years: Fred Lee (2009), Mayoor Joshi (2019), Joseph Wilson (2016), Brian Kersmanc (2022), Sudarshan Murthy (2021), Holly Morris (2020), Larry Lee (2020), Robert Maloney (2022), Shu-Han Hsu (2022), Shreya Rajbhandary (2026), Giri Devulapally (2017), Rajiv Jain (2021). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: Russell 1000 TR USD index with a weighting of 100% and Russell 1000 Growth TR USD index with a weighting of 100%. PACE Large Co Growth Equity P has 106 securities in its portfolio. The top 10 holdings constitute 49.7% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

PACE Large Co Growth Equity P is part of the Equity global asset class and is within the U.S. Equity fund group. PACE Large Co Growth Equity P has 3.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 88.3%. There is 3.8% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). PACE Large Co Growth Equity P has 7.9% of the portfolio in cash.

Assets Under Management

The fund has $668 million in total assets, which is below the $2 billion average for the Large Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

PCLCX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The PACE Large Co Growth Equity P expense ratio is high compared to funds in the Large Growth category. PACE Large Co Growth Equity P has an expense ratio of 0.88%, which is 8% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. PACE Large Co Growth Equity P has a portfolio turnover rate of 69%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 54% for the Large Growth category.

Recently, in the month of June 2026, PACE Large Co Growth Equity P returned 0.1%, which earned it a grade of B, as the Large Growth category had an average return of -1.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

PACE Large Co Growth Equity P has a trailing yield of 0.01%, which is below the 0.06% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

PACE Large Co Growth Equity P Grades

Year to date, the fund has returned 3.8%, 3.2 percentage points worse than the category, which translates into a grade of D. The fund has returned 9.0% over the past year (grade of D), 17.0% over the past three years (grade of F) and 9.0% per year over the past five years (grade of D) and 15.1% per year over the past 10 years (grade of D).

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