Pace Select Advisors Trust NPORTP PACE International Emerging Markets Equity Investments (Oct 2024 report)

PACE Mortgage-Backed Securities Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
Asset-backed securities—10.0%
Ameriquest Mortgage Securities, Inc. Asset-Backed Pass-Through Certificates,
Series 2005-R1, Class M4,
1 mo. USD Term SOFR + 1.224%,
5.962%, due 03/25/35¹	$	143,573	$	140,995
Amortizing Residential Collateral Trust,
Series 2004-1, Class A5,
1 mo. USD Term SOFR + 1.114%,
5.852%, due 10/25/34¹		72,603		72,121
Anchorage Capital CLO 28 Ltd.,
Series 2024-28A, Class A,
3 mo. USD Term SOFR + 1.700%,
6.317%, due 04/20/37^1,2		500,000		503,252
Apex Credit CLO Ltd.,
Series 2024-1A, Class A1,
3 mo. USD Term SOFR + 1.800%,
6.417%, due 04/20/36^1,2		500,000		502,622
Bear Stearns Asset-Backed Securities Trust,
Series 2004-2, Class M1,
1 mo. USD Term SOFR + 1.314%,
6.052%, due 08/25/34¹		1,183,260		1,187,023
Chase Funding Trust,
Series 2002-3, Class 2A1,
1 mo. USD Term SOFR + 0.754%,
5.492%, due 08/25/32¹		117,725		115,590
Series 2002-4, Class 2A1,
1 mo. USD Term SOFR + 0.854%,
5.592%, due 10/25/32¹		4,878		4,804
Countrywide Asset-Backed Certificates,
Series 2004-2, Class 3A4,
1 mo. USD Term SOFR + 0.614%,
5.352%, due 07/25/34¹		56,118		55,260
Countrywide Asset-Backed Certificates Trust,
Series 2004-4, Class M1,
1 mo. USD Term SOFR + 0.834%,
5.572%, due 07/25/34¹		18,745		18,977
Series 2004-6, Class M1,
1 mo. USD Term SOFR + 1.014%,
5.752%, due 10/25/34¹		45,701		45,660
Diameter Capital CLO 6 Ltd.,
Series 2024-6A, Class A1,
3 mo. USD Term SOFR + 1.610%,
6.266%, due 04/15/37^1,2		700,000		703,879

PACE Mortgage-Backed Securities Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
Asset-backed securities—(continued)
Dryden Senior Loan Fund,
Series 2017-47A, Class A1R,
3 mo. USD Term SOFR + 1.242%,
5.898%, due 04/15/28^1,2	$	182,769	$	182,843
EMC Mortgage Loan Trust,
Series 2003-A, Class A2,
1 mo. USD Term SOFR + 1.614%,
6.352%, due 08/25/40^1,2		45,190		45,544
EquiFirst Loan Securitization Trust,
Series 2007-1, Class A1,
1 mo. USD Term SOFR + 0.284%,
5.022%, due 04/25/37^1,2		1,045,563		961,039
Gallatin CLO VIII Ltd.,
Series 2017-1A, Class A1R,
3 mo. USD Term SOFR + 1.352%,
6.008%, due 07/15/31^1,2		1,227,632		1,229,062
Generate CLO 3 Ltd.,
Series 3A, Class A2R,
3 mo. USD Term SOFR + 1.830%,
6.447%, due 10/20/36^1,2		700,000		706,296
KGS-Alpha SBA COOF Trust,
Series 2012-5, Class A,
1.029%, due 04/25/38^1,2,3,4		4,442,884		90,817
KKR CLO 28 Ltd.,
Series 28A, Class AR,
3 mo. USD Term SOFR + 1.440%,
6.087%, due 02/09/35^1,2		500,000		500,228
Madison Park Funding XXIX Ltd.,
Series 2018-29A, Class AR,
3 mo. USD Term SOFR + 1.180%,
5.812%, due 10/18/30^1,2		2,080,310		2,083,574
Marathon CLO 14 Ltd.,
Series 2019-2A, Class A1AR,
3 mo. USD Term SOFR + 1.380%,
5.997%, due 01/20/33^1,2		400,000		400,177
Option One Mortgage Loan Trust,
Series 2007-4, Class 2A2,
1 mo. USD Term SOFR + 0.294%,
5.032%, due 04/25/37¹		44,655		25,312
Palmer Square CLO Ltd.,
Series 2022-1A, Class A,
3 mo. USD Term SOFR + 1.320%,
5.937%, due 04/20/35^1,2		150,000		150,207
PRET LLC,
Series 2021-RN2, Class A1,
4.744%, due 07/25/51^1,2		3,110,216		3,027,036
Series 2022-RN1, Class A1,
3.721%, due 07/25/51^1,2		1,155,135		1,147,089

PACE Mortgage-Backed Securities Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
Asset-backed securities—(continued)
Renaissance Home Equity Loan Trust,
Series 2003-2, Class A,
1 mo. USD Term SOFR + 0.994%,
3.819%, due 08/25/33¹	$	94,548	$	86,888
Residential Asset Securities Corporation Trust,
Series 2005-KS11, Class M2,
1 mo. USD Term SOFR + 0.744%,
5.482%, due 12/25/35¹		3,544		3,540
Saxon Asset Securities Trust,
Series 2005-3, Class M3,
1 mo. USD Term SOFR + 0.864%,
0.939%, due 11/25/35¹		281,925		276,878
Soundview Home Loan Trust,
Series 2007-OPT1, Class 1A1,
1 mo. USD Term SOFR + 0.314%,
5.052%, due 06/25/37¹		522,937		358,519
Structured Asset Securities Corp. Mortgage Loan Trust,
Series 2006-EQ1A, Class A1,
1 mo. USD Term SOFR + 0.384%,
5.122%, due 07/25/36^1,2		6,325		6,313
Structured Asset Securities Corp. Trust,
Series 2005-AR1, Class M2,
1 mo. USD Term SOFR + 0.804%,
5.542%, due 09/25/35¹		747,127		709,552
Sycamore Tree CLO Ltd.,
Series 2023-2A, Class AR,
3 mo. USD Term SOFR + 1.680%,
6.297%, due 01/20/37^1,2		400,000		401,976
TCW CLO Ltd.,
Series 2024-1A, Class A1,
3 mo. USD Term SOFR + 1.600%,
6.247%, due 01/16/37^1,2		500,000		500,617
Trinitas CLO XII Ltd.,
Series 2020-12A, Class A1R,
3 mo. USD Term SOFR + 1.370%,
5.996%, due 04/25/33^1,2		500,000		500,257
Venture 33 CLO Ltd.,
Series 2018-33A, Class A1LR,
3 mo. USD Term SOFR + 1.322%,
5.978%, due 07/15/31^1,2		369,562		369,654
Venture 36 CLO Ltd.,
Series 2019-36A, Class A1AR,
3 mo. USD Term SOFR + 1.392%,
6.009%, due 04/20/32^1,2		754,682		755,425
Total asset-backed securities
(cost—$17,821,637)				17,869,026

PACE Mortgage-Backed Securities Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
Mortgage-backed securities—18.6%
Adjustable Rate Mortgage Trust,
Series 2005-8, Class 3A21,
5.227%, due 11/25/35¹	$	249,768	$	176,402
BCAP LLC Trust,
Series 2010-RR1, Class 1A4,
4.559%, due 03/26/37^1,2		48,818		39,066
Series 2013-RR1, Class 3A4,
6.000%, due 10/26/37^1,2		125,162		84,583
Bear Stearns ARM Trust,
Series 2002-11, Class 1A2,
3.250%, due 02/25/33¹		1,197		901
Series 2004-2, Class 12A2,
4.360%, due 05/25/34¹		18,724		17,075
Bear Stearns Asset-Backed Securities I Trust,
Series 2004-AC3, Class A2,
5.500%, due 06/25/34¹		291,074		286,459
Bear Stearns Asset-Backed Securities Trust,
Series 2003-AC5, Class A1,
5.750%, due 10/25/33¹		101,008		109,737
Chevy Chase Funding LLC Mortgage-Backed Certificates,
Series 2004-1A, Class A1,
1 mo. USD Term SOFR + 0.394%,
5.132%, due 01/25/35^1,2		8,399		8,022
CHL Mortgage Pass-Through Trust,
Series 2003-HYB1, Class 1A1,
4.538%, due 05/19/33¹		2,555		2,330
Series 2007-15, Class 2A2,
6.500%, due 09/25/37		23,848		8,676
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates,
Series KJ45, Class A2,
4.660%, due 01/25/31		600,000		595,414
Federal Home Loan Mortgage Corp. REMICS,
Series 2614, Class WO,
0.000%, due 05/15/33⁵		295,460		252,726
Series 4839, Class UO,
0.000%, due 08/15/56⁵		394,714		270,273
Series 4836, Class PO,
0.000%, due 10/15/58⁵		699,369		499,473
Series 4255, Class SN,
(2.667)* 30 day USD SOFR Average + 11.961%,
0.000%, due 05/15/35¹		278,356		262,815
Series 4263, Class SD,
(2.667)* 30 day USD SOFR Average + 11.961%,
0.000%, due 11/15/43¹		305,858		254,150

PACE Mortgage-Backed Securities Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
Mortgage-backed securities—(continued)
Series 4265, Class ES,
(3.200)* 30 day USD SOFR Average + 13.394%,
0.000%, due 11/15/43¹	$	828,981	$	708,341
Series 3621, Class WI,
0.319%, due 05/15/37¹		19,622		1,472
Series 3635, Class IB,
0.331%, due 10/15/37¹		34,882		2,500
Series 3598, Class JI,
0.491%, due 10/15/37¹		12,440		675
Series 4367, Class GS,
0.907%, due 03/15/37¹		33,090		2,019
Series 4076, Class SW,
(1.000)* 30 day USD SOFR Average + 5.936%,
0.926%, due 07/15/42¹		863,197		80,903
Series 4438, Class WI,
0.928%, due 11/15/38¹		92,816		6,852
Series 4338, Class SB,
0.967%, due 10/15/41¹		52,040		3,408
Series 4463, Class IO,
1.019%, due 02/15/38¹		54,561		4,054
Series 3684, Class JI,
1.039%, due 11/15/36¹		99,573		5,105
Series 4156, Class SA,
(1.000)* 30 day USD SOFR Average + 6.086%,
1.076%, due 01/15/33¹		498,927		37,635
Series 3962, Class KS,
1.081%, due 06/15/38¹		79,789		7,145
Series 4394, Class WI,
1.089%, due 08/15/41¹		28,006		2,159
Series 3339, Class LI,
(1.000)* 30 day USD SOFR Average + 6.366%,
1.356%, due 07/15/37¹		455,803		39,117
Series 4324, Class IO,
1.436%, due 08/15/36¹		34,649		2,035
Series 5034, Class MI,
2.000%, due 11/25/50		642,116		82,192
Series 4182, Class YI,
2.500%, due 03/15/28		665,344		19,883
Series 2513, Class AS,
(1.000)* 30 day USD SOFR Average + 7.886%,
2.876%, due 02/15/32¹		96,566		10,136
Series 4037, Class PI,
3.000%, due 04/15/27		42,868		152
Series 4100, Class HI,
3.000%, due 08/15/27		53,465		1,444

PACE Mortgage-Backed Securities Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
Mortgage-backed securities—(continued)
Series 4182, Class QI,
3.000%, due 02/15/33	$	39,250	$	2,121
Series 4165, Class TI,
3.000%, due 12/15/42		447,507		26,195
Series 4544, Class IP,
4.000%, due 01/15/46		878,067		159,217
Series 3442, Class MT,
30 day USD SOFR Average + 0.114%,
5.124%, due 07/15/34¹		24,408		22,746
Series 2411, Class FJ,
30 day USD SOFR Average + 0.464%,
5.474%, due 12/15/29¹		4,369		4,355
Series 3864, Class NT,
(9.167)* 30 day USD SOFR Average + 59.451%,
5.500%, due 03/15/39¹		181,440		181,683
Series 4940, Class FE,
30 day USD SOFR Average + 0.664%,
5.521%, due 01/25/50¹		232,313		227,855
Series 3096, Class FL,
30 day USD SOFR Average + 0.514%,
5.524%, due 01/15/36¹		47,951		47,295
Series 3114, Class PF,
30 day USD SOFR Average + 0.514%,
5.524%, due 02/15/36¹		286,178		283,009
Series 3153, Class UF,
30 day USD SOFR Average + 0.544%,
5.554%, due 05/15/36¹		71,452		71,046
Series 2400, Class FQ,
30 day USD SOFR Average + 0.614%,
5.624%, due 01/15/32¹		10,769		10,770
Series 4068, Class UF,
30 day USD SOFR Average + 0.614%,
5.624%, due 06/15/42¹		368,718		363,915
Series 3667, Class FW,
30 day USD SOFR Average + 0.664%,
5.674%, due 02/15/38¹		5,148		5,115
Series 4832, Class FW,
30 day USD SOFR Average + 0.464%,
5.811%, due 04/15/38¹		635,588		625,642
Series 4945, Class F,
30 day USD SOFR Average + 0.614%,
5.961%, due 12/15/46¹		97,289		97,588
Series 3671, Class FQ,
30 day USD SOFR Average + 0.964%,
5.974%, due 12/15/36¹		421,338		424,178
Series 2136, Class GD,
7.000%, due 03/15/29		381		29
Series 2178, Class PI,
7.500%, due 08/15/29		2,663		285

PACE Mortgage-Backed Securities Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
Mortgage-backed securities—(continued)
Series 1775, Class Z,
8.500%, due 03/15/25	$	33	$	34
Federal Home Loan Mortgage Corp. STRIPS,
Series 389, Class C40,
2.500%, due 10/15/52		4,431,698		682,105
Series 303, Class C19,
3.500%, due 01/15/43		371,535		62,937
Series 345, Class C13,
3.500%, due 08/15/45		546,171		83,965
Series 326, Class F2,
30 day USD SOFR Average + 0.664%,
5.674%, due 03/15/44¹		222,201		220,197
Series 330, Class F4,
30 day USD SOFR Average + 0.464%,
5.811%, due 10/15/37¹		141,698		139,272
Federal Home Loan Mortgage Corp. Whole Loan Securities Trust,
Series 2015-SC02, Class 1A,
3.000%, due 09/25/45		188,010		164,327
Series 2017-SC01, Class 1A,
3.000%, due 12/25/46		334,944		282,092
Series 2017-SC01, Class 2A,
3.500%, due 12/25/46		374,304		325,445
Federal National Mortgage Association Interest STRIPS,
Series 419, Class C3,
3.000%, due 11/25/43		79,687		10,971
Series 413, Class 111,
4.000%, due 07/25/42¹		401,499		57,470
Series 386, Class 14,
6.500%, due 04/25/38		28,511		7,777
Federal National Mortgage Association REMICS,
Series 2012-111, Class HS,
(0.833)* 30 day USD SOFR Average + 3.571%,
0.000%, due 10/25/42¹		36,376		23,065
Series 2022-3, Class SD,
(1.000)* 30 day USD SOFR Average + 2.550%,
0.000%, due 02/25/52¹		3,700,256		18,965
Series 2015-73, Class ES,
(2.333)* 30 day USD SOFR Average + 9.066%,
0.000%, due 10/25/45¹		176,805		105,287
Series 2014-84, Class AI,
(1.000)* 30 day USD SOFR Average + 6.036%,
0.200%, due 02/25/43¹		225,663		1,471
Series 2014-43, Class BS,
0.717%, due 07/25/44¹		165,482		8,070
Series 2012-77, Class IO,
0.744%, due 07/25/52¹		88,039		4,588
Series 2014-42, Class SA,
0.754%, due 07/25/44¹		94,344		4,039

PACE Mortgage-Backed Securities Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
Mortgage-backed securities—(continued)
Series 2016-76, Class CS,
0.896%, due 10/25/46¹	$	34,879	$	1,645
Series 2015-64, Class KS,
0.898%, due 09/25/45¹		93,374		6,131
Series 2016-17, Class CS,
0.909%, due 04/25/46¹		69,587		3,743
Series 2015-10, Class SA,
0.949%, due 03/25/45¹		187,479		11,298
Series 2014-92, Class SB,
0.967%, due 01/25/45¹		86,633		5,265
Series 2019-62, Class SN,
(1.000)* 30 day USD SOFR Average + 5.886%,
1.029%, due 11/25/49¹		185,170		21,285
Series 2014-45, Class SA,
1.047%, due 08/25/44¹		79,750		4,495
Series 2015-19, Class AI,
1.069%, due 04/25/55¹		152,826		8,040
Series 2014-47, Class BI,
1.163%, due 08/25/54¹		157,145		8,648
Series 2013-28, Class YS,
(1.000)* 30 day USD SOFR Average + 6.036%,
1.179%, due 07/25/42¹		316,620		36,385
Series 2013-34, Class PS,
(1.000)* 30 day USD SOFR Average + 6.036%,
1.179%, due 08/25/42¹		268,140		20,323
Series 2015-50, Class SB,
1.214%, due 07/25/45¹		495,086		25,518
Series 2012-134, Class BH,
1.250%, due 12/25/27		2,171,987		2,080,871
Series 2020-70, Class IO,
1.364%, due 10/25/50¹		8,536,053		419,481
Series 2015-58, Class AI,
1.392%, due 08/25/55¹		93,022		5,304
Series 2010-76, Class SA,
(1.000)* 30 day USD SOFR Average + 6.386%,
1.529%, due 07/25/40¹		339,782		25,079
Series 2021-3, Class TI,
2.500%, due 02/25/51		819,330		139,466
Series 2013-30, Class GI,
3.000%, due 01/25/43		581,569		44,960
Series 2013-45, Class IK,
3.000%, due 02/25/43		433,043		42,299
Series 2013-30, Class JI,
3.000%, due 04/25/43		229,868		27,533
Series 2013-116, Class IY,
3.000%, due 09/25/43		168,905		10,590

PACE Mortgage-Backed Securities Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
Mortgage-backed securities—(continued)
Series 2016-14, Class IO,
3.000%, due 03/25/46	$	296,229	$	36,685
Series 2016-20, Class EI,
3.000%, due 04/25/46		106,700		12,946
Series 2016-52, Class PI,
3.000%, due 04/25/46		261,365		29,374
Series 2016-64, Class IA,
3.000%, due 05/25/46		251,239		29,878
Series 2018-28, Class CA,
3.000%, due 05/25/48		209,551		184,233
Series 2016-63, Class YI,
3.500%, due 04/25/46		43,153		3,242
Series 2015-47, Class GI,
4.000%, due 06/25/44		30,019		2,116
Series 2020-54, Class WF,
30 day USD SOFR Average + 0.564%,
4.029%, due 08/25/50¹		396,479		383,794
Series 2012-122, Class LI,
4.500%, due 07/25/41		181,017		11,845
Series 2018-85, Class FE,
30 day USD SOFR Average + 0.414%,
5.271%, due 12/25/48¹		1,300,926		1,276,833
Series 2007-67, Class FB,
30 day USD SOFR Average + 0.434%,
5.291%, due 07/25/37¹		26,582		26,089
Series 2012-128, Class FK,
30 day USD SOFR Average + 0.464%,
5.321%, due 11/25/42¹		110,786		108,504
Series 2002-60, Class F1,
30 day USD SOFR Average + 0.514%,
5.371%, due 06/25/32¹		32,485		32,272
Series 2019-10, Class FA,
30 day USD SOFR Average + 0.514%,
5.371%, due 03/25/49¹		2,063,268		2,032,749
Series 2012-90, Class FB,
30 day USD SOFR Average + 0.554%,
5.411%, due 08/25/42¹		37,788		37,220
Series 2010-141, Class FA,
30 day USD SOFR Average + 0.614%,
5.471%, due 12/25/40¹		102,566		101,332
Series 2009-33, Class FB,
30 day USD SOFR Average + 0.934%,
5.791%, due 03/25/37¹		236,495		237,661
Series 2024-38, Class FA,
30 day USD SOFR Average + 0.800%,
6.147%, due 01/25/51¹		1,788,275		1,789,758
Series 2024-10, Class AF,
30 day USD SOFR Average + 0.900%,
6.247%, due 12/25/50¹		788,574		786,707

PACE Mortgage-Backed Securities Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
Mortgage-backed securities—(continued)
Federal National Mortgage Association-ACES,
Series 2020-M33, Class X2,
2.242%, due 01/25/31¹	$	584,851	$	44,297
Series 2016-M11, Class AL,
2.944%, due 07/25/39		441,098		392,930
Fremont Home Loan Trust,
Series 2004-A, Class M1,
1 mo. USD Term SOFR + 0.939%,
5.677%, due 01/25/34¹		275,704		264,222
Government National Mortgage Association REMICS,
Series 2007-18, Class CO,
0.000%, due 03/20/35⁵		10,765		10,026
Series 2015-166, Class SA,
0.000%, due 06/20/42¹		125,494		4,965
Series 2015-180, Class SA,
0.000%, due 06/20/42¹		136,261		5,331
Series 2015-127, Class AS,
0.000%, due 06/20/43¹		127,960		4,720
Series 2016-138, Class WI,
0.000%, due 08/20/45¹		118,240		4,750
Series 2016-180, Class WI,
0.000%, due 09/20/45¹		220,904		8,547
Series 2017-15, Class WI,
0.000%, due 11/20/45¹		131,339		5,460
Series 2017-57, Class WI,
0.000%, due 12/20/45¹		55,967		2,040
Series 2015-126, Class GS,
(2.333)* 1 mo. USD Term SOFR + 9.066%,
0.000%, due 09/20/45¹		323,052		195,639
Series 2013-77, Class GI,
3.000%, due 02/20/43		649,467		58,218
Series 2017-H23, Class MA,
3.000%, due 11/20/67		577,450		556,267
Series 2014-158, Class IA,
3.500%, due 10/20/29		177,140		8,855
Series 2013-23, Class IP,
3.500%, due 08/20/42		529,221		63,232
Series 2015-165, Class IB,
3.500%, due 11/20/42		133,577		12,876
Series 2016-118, Class IE,
3.500%, due 09/20/46		28,294		4,801
Series 2024-H07, Class FC,
30 day USD SOFR Average + 0.650%,
5.540%, due 02/20/74¹		906,769		904,044
Series 2024-H07, Class JF,
30 day USD SOFR Average + 0.790%,
5.680%, due 04/20/74¹		501,137		500,780
Series 2010-H01, Class FA,
1 mo. USD Term SOFR + 0.934%,
5.790%, due 01/20/60¹		313,979		314,601

PACE Mortgage-Backed Securities Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
Mortgage-backed securities—(continued)
Series 2024-H01, Class FB,
30 day USD SOFR Average + 0.900%,
5.790%, due 01/20/74¹	$	999,538	$	1,005,437
Series 2024-H02, Class FH,
30 day USD SOFR Average + 0.930%,
5.820%, due 01/20/74¹		2,008,297		2,023,433
Series 2024-H02, Class FJ,
30 day USD SOFR Average + 1.000%,
5.890%, due 12/20/73¹		1,481,748		1,484,785
Series 2013-H19, Class DF,
1 mo. USD Term SOFR + 0.764%,
5.960%, due 05/20/63¹		172,355		171,804
Series 2015-H30, Class FA,
1 mo. USD Term SOFR + 0.794%,
5.990%, due 08/20/61¹		3,248		3,242
Series 2015-H29, Class FJ,
1 mo. USD Term SOFR + 0.794%,
5.990%, due 11/20/65¹		822,942		821,806
Series 2015-H29, Class FA,
1 mo. USD Term SOFR + 0.814%,
6.010%, due 10/20/65¹		707		705
Series 2013-H23, Class TA,
1 mo. USD Term SOFR + 0.834%,
6.030%, due 09/20/63¹		57,569		57,612
Series 2015-H27, Class FA,
1 mo. USD Term SOFR + 0.864%,
6.060%, due 09/20/65¹		1,045,587		1,045,005
Series 2016-H14, Class FA,
1 mo. USD Term SOFR + 0.914%,
6.110%, due 06/20/66¹		209,557		209,550
Series 2013-H20, Class FB,
1 mo. USD Term SOFR + 1.114%,
6.310%, due 08/20/63¹		101,182		101,746
GS Mortgage-Backed Securities Trust,
Series 2022-MM1, Class A2,
2.500%, due 07/25/52^1,2		1,473,336		1,190,063
GSR Mortgage Loan Trust,
Series 2004-14, Class 2A1,
1 mo. USD Term SOFR + 0.444%,
5.182%, due 12/25/34¹		887		864
IndyMac INDX Mortgage Loan Trust,
Series 2005-AR2, Class 2A1A,
1 mo. USD Term SOFR + 0.754%,
5.492%, due 02/25/35¹		135,557		124,679
JP Morgan Alternative Loan Trust,
Series 2008-R4, Class 2A1,
1 mo. USD Term SOFR + 0.614%,
5.470%, due 06/27/37^1,2		407,029		255,720

PACE Mortgage-Backed Securities Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
Mortgage-backed securities—(continued)
JP Morgan Mortgage Trust,
Series 2019-6, Class A11,
1 mo. USD Term SOFR + 1.014%,
5.752%, due 12/25/49^1,2	$	303,991	$	290,372
Series 2019-INV2, Class A11,
1 mo. USD Term SOFR + 1.014%,
5.752%, due 02/25/50^1,2		447,858		427,539
Merrill Lynch Mortgage Investors Trust,
Series 2004-A, Class A1,
1 mo. USD Term SOFR + 0.574%,
5.312%, due 04/25/29¹		8,939		8,226
Series 2004-1, Class 2A2,
5.810%, due 12/25/34¹		47,997		45,094
Morgan Stanley Mortgage Loan Trust,
Series 2004-11AR, Class 1A1,
1 mo. USD Term SOFR + 0.434%,
5.172%, due 01/25/35¹		13,177		12,278
Morgan Stanley Re-REMICS Trust,
Series 2010-R4, Class 4B,
1 mo. USD Term SOFR + 0.344%,
3.410%, due 02/26/37^1,2		89,166		76,156
Mortgage Equity Conversion Asset Trust,
Series 2007-FF3, Class A,
1 yr. CMT + 0.500%,
4.770%, due 05/25/42^1,2		876,659		824,065
OBX Trust,
Series 2022-INV2, Class A1,
3.000%, due 01/25/52^1,2		519,655		437,647
Residential Asset Securitization Trust,
Series 2006-A7CB, Class 1A1,
1 mo. USD Term SOFR + 0.614%,
5.352%, due 07/25/36¹		191,331		122,726
Sequoia Mortgage Trust 11,
Series 11, Class A,
1 mo. USD Term SOFR + 1.014%,
5.774%, due 12/20/32¹		71,624		62,770
Sequoia Mortgage Trust 5,
Series 5, Class A,
1 mo. USD Term SOFR + 0.814%,
5.574%, due 10/19/26¹		18,311		17,849
Structured Adjustable Rate Mortgage Loan Trust,
Series 2007-4, Class 1A2,
1 mo. USD Term SOFR + 0.554%,
5.292%, due 05/25/37¹		77,832		67,867
Structured Asset Mortgage Investments II Trust,
Series 2006-AR3, Class 11A1,
1 mo. USD Term SOFR + 0.534%,
5.272%, due 04/25/36¹		135,948		121,243

PACE Mortgage-Backed Securities Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
Mortgage-backed securities—(continued)
Thornburg Mortgage Securities Trust,
Series 2005-1, Class A3,
5.459%, due 04/25/45¹	$	16,597	$	15,936
WaMu Mortgage Pass-Through Certificates Trust,
Series 2003-AR9, Class 2A,
6.803%, due 09/25/33¹		26,973		25,962
Total mortgage-backed securities
(cost—$37,359,297)				33,130,829

U.S. government agency obligations: 175.6%
Federal Home Loan Mortgage Corp.
1.500%, due 04/01/37		830,901		720,476
2.000%, due 04/01/36		631,869		567,051
2.500%, due 01/01/31		54,870		52,470
2.500%, due 11/01/31		22,457		21,353
2.500%, due 07/01/32		37,617		35,503
2.500%, due 08/01/32		174,578		164,423
2.500%, due 09/01/32		230,767		217,228
2.500%, due 11/01/32		7,272		6,848
2.500%, due 12/01/32		212,637		199,814
2.500%, due 01/01/33		52,955		49,740
2.500%, due 12/01/50		1,011,234		838,778
2.500%, due 08/01/51		4,584,307		3,855,053
2.500%, due 09/01/51		786,007		659,315
2.500%, due 03/01/52		1,229,914		1,026,528
2.500%, due 04/01/52		91,586		76,403
3.000%, due 10/01/26		6,330		6,228
3.000%, due 11/01/26		33,886		33,345
3.000%, due 01/01/27		184,950		181,886
3.000%, due 02/01/32		77,536		74,438
3.000%, due 04/01/32		400,741		384,082
3.000%, due 05/01/32		270,487		259,080
3.000%, due 07/01/32		146,636		140,343
3.000%, due 10/01/32		153,609		146,844
3.000%, due 11/01/32		268,411		256,496
3.000%, due 01/01/33		591,293		563,709
3.000%, due 08/01/37		350,000		326,794
3.000%, due 02/01/40		982,123		894,280
3.000%, due 06/01/42		1,412,953		1,259,250
3.000%, due 07/01/42		163,125		145,380
3.000%, due 08/01/42		56,836		50,654
3.000%, due 04/01/43		110,414		98,730
3.000%, due 05/01/43		65,516		58,579
3.000%, due 12/01/44		127,971		113,099
3.000%, due 08/01/46		131,690		114,806
3.000%, due 12/01/46		610,308		538,039
3.000%, due 06/01/50		488,824		429,742
3.000%, due 04/01/51		1,476,972		1,271,806
3.000%, due 06/01/51		736,885		634,524
.000%, due 07/01/51		5,014,551		4,371,077
3.000%, due 10/01/51		141,905		123,970
3.000%, due 12/01/51		1,195,529		1,029,458
3.000%, due 03/01/52		969,394		839,924
3.000%, due 04/01/52		1,725,451		1,493,314

PACE Mortgage-Backed Securities Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
U.S. government agency obligations—(continued)
3.050%, due 03/01/32	$	221,351	$	196,106
3.500%, due 09/01/32		157,803		152,988
3.500%, due 12/01/33		93,784		90,378
3.500%, due 06/01/34		56,810		54,584
3.500%, due 07/01/34		23,521		22,599
3.500%, due 03/01/35		349,355		335,664
3.500%, due 04/01/35		185,251		177,899
3.500%, due 03/01/42		784		723
3.500%, due 07/01/43		611		563
3.500%, due 05/01/48		584,008		530,322
3.500%, due 02/01/50		240,979		216,500
4.000%, due 01/01/37		131,515		127,084
4.000%, due 03/01/43		464,942		441,040
4.000%, due 07/01/43		71,647		67,964
4.000%, due 08/01/44		1,065,238		1,015,396
4.000%, due 11/01/47		116,705		109,669
4.000%, due 01/01/48		324,494		304,912
4.000%, due 02/01/48		16,458		15,464
4.000%, due 03/01/48		10,277		9,645
4.000%, due 04/01/48		25,255		23,705
4.000%, due 06/01/48		104,010		97,075
4.000%, due 10/01/48		1,473,748		1,383,291
4.000%, due 12/01/48		137,016		127,881
4.000%, due 04/01/49		500,120		468,459
4.500%, due 09/01/34		419,345		415,609
4.500%, due 01/01/36		9,545		9,453
4.500%, due 05/01/37		1,053		1,036
4.500%, due 05/01/38		25,447		25,012
4.500%, due 12/01/42		123,677		119,408
4.500%, due 01/01/43		152,051		146,802
4.500%, due 02/01/43		233,558		225,496
4.500%, due 06/01/43		364,102		350,646
4.500%, due 02/01/49		37,171		35,857
4.500%, due 06/01/50		277,833		267,265
4.500%, due 12/01/52		447,328		427,673
4.500%, due 03/01/53		475,471		454,240
4.500%, due 06/01/53		192,665		183,706
5.000%, due 10/01/25		2,187		2,182
5.000%, due 11/01/27		1,168		1,169
5.000%, due 09/01/33		53,497		53,885
5.000%, due 06/01/34		2,780		2,800
5.000%, due 04/01/35		16,758		16,879
5.000%, due 05/01/35		27,857		28,060
5.000%, due 07/01/35		48,027		48,376
5.000%, due 08/01/35		7,692		7,748
5.000%, due 10/01/35		7,163		7,216
5.000%, due 12/01/35		211		212
5.000%, due 07/01/38		111,991		112,597
5.000%, due 11/01/38		71,009		71,437
5.000%, due 06/01/39		16,463		16,552
5.000%, due 03/01/40		1,793		1,800
5.000%, due 07/01/40		79,611		79,896

PACE Mortgage-Backed Securities Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
U.S. government agency obligations—(continued)
5.000%, due 09/01/40	$	73,603	$	73,924
5.000%, due 11/01/40		21,032		21,106
5.000%, due 02/01/41		85,184		85,380
5.000%, due 03/01/41		16,898		16,936
5.000%, due 04/01/41		39,477		39,566
5.000%, due 05/01/41		26,200		26,260
5.000%, due 07/01/41		16,226		16,263
5.000%, due 08/01/44		15,971		16,066
5.000%, due 03/01/49		562,323		557,528
5.000%, due 02/01/53		533,338		522,048
5.000%, due 03/01/53		283,397		277,198
5.000%, due 05/01/53		637,545		621,067
5.000%, due 06/01/53		1,374,490		1,348,244
5.000%, due 08/01/53		393,484		385,237
5.500%, due 02/01/32		457		465
5.500%, due 12/01/32		904		924
5.500%, due 02/01/33		20,891		21,352
5.500%, due 05/01/33		214		219
5.500%, due 06/01/33		84,512		86,388
5.500%, due 12/01/33		15,646		15,991
5.500%, due 12/01/34		13,211		13,516
5.500%, due 06/01/35		215,811		220,806
5.500%, due 07/01/35		1,710		1,747
5.500%, due 10/01/35		81,140		83,102
5.500%, due 12/01/35		22,817		23,368
5.500%, due 06/01/36		125,266		128,164
5.500%, due 12/01/36		184,154		188,773
5.500%, due 03/01/37		20,328		20,845
5.500%, due 07/01/37		30,769		31,548
5.500%, due 10/01/37		967		991
5.500%, due 04/01/38		37,491		38,432
5.500%, due 05/01/38		4,093		4,201
5.500%, due 12/01/38		637		654
5.500%, due 01/01/39		18,016		18,473
5.500%, due 09/01/39		57,667		59,128
5.500%, due 02/01/40		2,353		2,415
5.500%, due 03/01/40		2,272		2,332
5.500%, due 05/01/40		33,342		34,229
5.500%, due 03/01/41		35,111		36,044
6.000%, due 11/01/37		368,481		386,175
1 yr. CMT + 2.137%,
6.262%, due 01/01/28¹		1,682		1,686
1 yr. CMT + 2.415%,
6.578%, due 01/01/29¹		7,976		7,991
1 yr. USD RFUCCT + 1.772%,
6.616%, due 10/01/39¹		411,778		418,618
1 yr. CMT + 2.415%,
6.619%, due 11/01/25¹		4,587		4,572
1 yr. CMT + 2.525%,
6.650%, due 12/01/29¹		1,061		1,076
1 yr. CMT + 2.150%,
6.734%, due 11/01/27¹		15,473		15,504

PACE Mortgage-Backed Securities Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
U.S. government agency obligations—(continued)
1 yr. CMT + 2.625%,
6.750%, due 01/01/30¹	$	12,428	$	12,608
1 yr. CMT + 2.282%,
6.837%, due 07/01/28¹		22,650		22,778
1 yr. CMT + 2.219%,
6.954%, due 11/01/29¹		19,771		19,894
7.000%, due 08/01/25		5		5
1 yr. USD RFUCCT + 1.765%,
7.049%, due 11/01/36¹		151,714		154,816
1 yr. CMT + 2.282%,
7.157%, due 06/01/28¹		6,686		6,717
1 yr. USD RFUCCT + 1.861%,
7.311%, due 11/01/41¹		427,165		438,585
1 yr. CMT + 2.250%,
7.345%, due 09/01/34¹		186,754		192,606
1 yr. CMT + 2.441%,
7.377%, due 10/01/27¹		10,966		11,040
1 yr. CMT + 2.546%,
7.580%, due 10/01/27¹		2,977		2,992
Federal National Mortgage Association
1.500%, due 08/01/51		472,337		356,999
2.000%, due 05/01/28		55,886		53,602
2.000%, due 09/01/31		55,489		51,868
2.000%, due 11/01/31		176,244		165,010
2.000%, due 01/01/32		30,841		28,854
2.500%, due 06/01/28		33,745		32,804
2.500%, due 07/01/28		337,357		326,789
2.500%, due 08/01/28		110,222		106,757
2.500%, due 09/01/30		10,286		9,850
2.500%, due 11/01/30		13,765		13,163
2.500%, due 01/01/33		169,976		159,201
2.500%, due 11/01/50		393,790		326,648
2.500%, due 01/01/51		1,061,110		880,107
2.500%, due 02/01/51		485,665		404,993
2.500%, due 04/01/51		1,400,775		1,169,124
2.500%, due 09/01/51		1,580,056		1,321,976
2.500%, due 01/01/52		1,565,127		1,304,521
2.500%, due 03/01/52		698,808		583,252
2.500%, due 04/01/52		1,269,118		1,059,250
3.000%, due 10/01/26		8,350		8,210
3.000%, due 11/01/26		173,416		170,497
3.000%, due 12/01/26		16,358		16,076
3.000%, due 01/01/27		171,373		168,343
3.000%, due 02/01/27		34,809		34,176
3.000%, due 05/01/28		39,337		38,433
3.000%, due 02/01/30		47,611		46,317
3.000%, due 04/01/30		20,466		19,798
3.000%, due 05/01/30		24,927		24,111
3.000%, due 10/01/30		8,048		7,762
3.000%, due 04/01/31		569,782		551,881
3.000%, due 02/01/32		76,272		73,199

PACE Mortgage-Backed Securities Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
U.S. government agency obligations—(continued)
3.000%, due 03/01/32	$	74,500	$	71,342
3.000%, due 04/01/32		367,037		351,380
3.000%, due 05/01/32		111,022		106,241
3.000%, due 07/01/32		219,421		209,753
3.000%, due 08/01/32		95,232		90,991
3.000%, due 11/01/32		190,795		182,094
3.000%, due 01/01/38		242,875		223,833
3.000%, due 04/01/38		231,344		210,196
3.000%, due 05/01/42		167,205		148,675
3.000%, due 06/01/42		173,676		154,818
3.000%, due 07/01/42		335,080		298,629
3.000%, due 01/01/43		888,284		794,043
3.000%, due 04/01/43		273,765		244,580
3.000%, due 05/01/43		287,697		257,026
3.000%, due 06/01/43		37,802		33,772
3.000%, due 09/01/43		24,766		22,126
3.000%, due 11/01/46		1,065,043		951,191
3.000%, due 12/01/46		2,481,089		2,192,553
3.000%, due 02/01/47		201,878		180,357
3.000%, due 09/01/49		759,568		655,377
3.000%, due 11/01/49		210,763		185,496
3.000%, due 02/01/50		1,501,951		1,295,929
3.000%, due 03/01/50		3,320,005		2,903,852
3.000%, due 07/01/50		557,998		481,772
3.000%, due 12/01/50		429,331		370,433
3.000%, due 02/01/51		1,858,312		1,600,174
3.000%, due 04/01/51		3,158,248		2,720,428
3.000%, due 05/01/51		3,301,134		2,842,574
3.000%, due 08/01/51		419,869		361,488
3.000%, due 10/01/51		168,008		144,670
3.000%, due 12/01/51		402,918		346,949
3.000%, due 02/01/52		116,871		101,655
3.000%, due 04/01/52		1,680,618		1,447,795
3.000%, due 07/01/52		432,849		374,800
3.000%, due 02/01/57		529,349		448,877
3.000%, due 05/01/58		545,311		462,295
3.500%, due 11/01/25		15,765		15,624
3.500%, due 08/01/26		73,067		72,273
3.500%, due 06/01/28		60,668		59,708
3.500%, due 08/01/29		12,016		11,788
3.500%, due 09/01/32		208,855		206,303
3.500%, due 11/01/33		39,091		37,669
3.500%, due 02/01/34		57,989		55,866
3.500%, due 01/01/35		114,066		109,596
3.500%, due 02/01/35		108,743		104,482
3.500%, due 04/01/35		102,899		98,815
3.500%, due 05/01/35		629,576		607,426
3.500%, due 03/01/42		157,007		144,847
3.500%, due 04/01/42		10,649		9,809
3.500%, due 07/01/42		277		256
3.500%, due 09/01/42		56,575		52,194
3.500%, due 12/01/42		637,286		588,789

PACE Mortgage-Backed Securities Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
U.S. government agency obligations—(continued)
3.500%, due 03/01/43	$	402,548	$	370,808
3.500%, due 05/01/43		1,698		1,564
3.500%, due 07/01/43		2,304,955		2,122,717
3.500%, due 08/01/43		5,440,438		5,011,065
3.500%, due 01/01/44		76,464		70,543
3.500%, due 06/01/45		1,247,696		1,138,333
3.500%, due 08/01/45		20,068		18,309
3.500%, due 10/01/45		7,174		6,571
3.500%, due 09/01/46		498,009		456,804
3.500%, due 02/01/47		1,416,486		1,302,199
3.500%, due 08/01/47		138,830		126,560
3.500%, due 09/01/47		182,932		167,475
3.500%, due 11/01/47		248,651		226,641
3.500%, due 12/01/47		240,854		219,565
3.500%, due 02/01/48		222,535		200,752
3.500%, due 03/01/48		797,168		719,150
3.500%, due 02/01/50		88,444		79,460
3.500%, due 03/01/50		3,715,722		3,337,339
3.500%, due 04/01/50		324,277		291,222
3.500%, due 06/01/56		681,225		607,076
3.500%, due 01/01/57		630,703		560,805
3.500%, due 01/01/59		913,733		808,621
3.575%, due 02/01/26		500,000		492,838
4.000%, due 07/01/25		173		172
4.000%, due 09/01/25		140		139
4.000%, due 10/01/25		228		227
4.000%, due 11/01/25		678		673
4.000%, due 01/01/26		16,848		16,724
4.000%, due 02/01/26		28,734		28,509
4.000%, due 03/01/26		4,771		4,734
4.000%, due 04/01/26		74,230		73,651
4.000%, due 08/01/32		782		766
4.000%, due 06/01/33		32,559		31,946
4.000%, due 07/01/33		109,907		107,347
4.000%, due 08/01/33		648,204		635,206
4.000%, due 07/01/34		326,725		318,558
4.000%, due 07/01/35		611,129		596,754
4.000%, due 04/01/37		523,791		506,270
4.000%, due 03/01/38		370,651		358,760
4.000%, due 07/01/38		448,205		430,924
4.000%, due 08/01/38		201,085		193,417
4.000%, due 09/01/38		247,095		237,567
4.000%, due 05/01/39		42,080		40,158
4.000%, due 09/01/39		115,745		110,722
4.000%, due 09/01/40		845,084		806,677
4.000%, due 12/01/40		655,906		627,222
4.000%, due 11/01/41		268,431		256,676
4.000%, due 12/01/41		317,195		303,305
4.000%, due 07/01/42		1,449,547		1,383,585
4.000%, due 09/01/42		2,080,062		1,982,725
4.000%, due 10/01/42		1,778,813		1,695,574
4.000%, due 08/01/44		87,541		83,843

PACE Mortgage-Backed Securities Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
U.S. government agency obligations—(continued)
4.000%, due 12/01/44	$	2,556	$	2,415
4.000%, due 06/01/45		9,766		9,220
4.000%, due 08/01/45		724,482		683,976
4.000%, due 02/01/47		65,659		61,815
4.000%, due 03/01/47		27,988		26,274
4.000%, due 04/01/47		105,429		99,159
4.000%, due 05/01/47		189,986		178,655
4.000%, due 06/01/47		4,607		4,336
4.000%, due 11/01/47		22,452		21,071
4.000%, due 01/01/48		87,757		82,361
4.000%, due 02/01/48		183,754		171,454
4.000%, due 03/01/48		91,932		85,899
4.000%, due 12/01/48		206,653		192,635
4.000%, due 06/01/49		674,841		632,609
4.490%, due 04/01/33		300,000		295,259
4.500%, due 06/01/29		6,109		6,047
4.500%, due 06/01/35		12,122		11,992
4.500%, due 12/01/38		128,929		127,271
4.500%, due 01/01/39		487		478
4.500%, due 02/01/39		51,360		50,533
4.500%, due 03/01/39		3,012		2,957
4.500%, due 06/01/39		21,037		20,657
4.500%, due 07/01/39		1,495		1,468
4.500%, due 08/01/39		52,440		51,491
4.500%, due 10/01/39		1,649		1,619
4.500%, due 12/01/39		122,608		120,392
4.500%, due 01/01/40		1,290		1,267
4.500%, due 02/01/40		1,281		1,258
4.500%, due 03/01/40		28,364		27,779
4.500%, due 08/01/40		21,623		21,178
4.500%, due 11/01/40		226,725		222,048
4.500%, due 07/01/41		150,132		146,828
4.500%, due 08/01/41		269,631		263,704
4.500%, due 01/01/42		740,141		724,889
4.500%, due 08/01/42		1,889		1,846
4.500%, due 09/01/42		89,982		86,718
4.500%, due 05/01/43		487,856		469,847
4.500%, due 06/01/43		985,063		948,657
4.500%, due 07/01/43		1,767,008		1,700,080
4.500%, due 09/01/43		110,278		107,699
4.500%, due 11/01/43		27,124		26,490
4.500%, due 07/01/44		105,661		103,080
4.500%, due 12/01/44		761		742
4.500%, due 09/01/48		137,533		132,671
4.500%, due 01/01/49		122,935		118,663
4.500%, due 07/01/52		2,880,943		2,741,540
4.500%, due 05/01/53		119,219		113,644
4.500%, due 07/01/53		174,670		166,673
4.500%, due 08/01/53		4,222,156		4,053,742
4.500%, due 04/01/59		630,526		600,919
4.700%, due 04/01/33		313,000		311,439

PACE Mortgage-Backed Securities Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
U.S. government agency obligations—(continued)
1 yr. CMT + 2.100%,
4.813%, due 05/01/30¹	$	9,772	$	9,796
5.000%, due 03/01/25		256		255
5.000%, due 05/01/37		3,260		3,275
5.000%, due 09/01/37		6,348		6,379
5.000%, due 06/01/38		31,416		31,547
5.000%, due 06/01/48		86,115		85,103
5.000%, due 07/01/48		34,935		34,619
5.000%, due 03/01/49		27,702		27,366
5.000%, due 06/01/53		762,768		746,960
5.000%, due 08/01/53		87,349		85,518
5.500%, due 11/01/32⁷		18,419		18,795
5.500%, due 12/01/33⁷		434		443
5.500%, due 04/01/34⁷		9,872		10,089
5.500%, due 01/01/35⁷		56,981		58,230
5.500%, due 05/01/37⁷		61,299		62,780
5.500%, due 07/01/37⁷		29,801		30,521
5.500%, due 06/01/38⁷		51,745		53,060
5.500%, due 11/01/39⁷		120,862		123,935
5.500%, due 07/01/40⁷		142,015		145,625
5.500%, due 02/01/42⁷		80,725		82,678
5.500%, due 08/01/53⁷		439,844		437,160
5.610%, due 10/01/28		883,000		904,794
5.810%, due 06/01/31		1,700,000		1,773,712
6.000%, due 12/01/32⁷		3,432		3,558
6.000%, due 02/01/33		6,066		6,289
6.000%, due 09/01/34		40,471		41,963
6.000%, due 05/01/35		8,980		9,357
6.000%, due 06/01/35		4,882		5,087
6.000%, due 07/01/35		14,520		15,131
6.000%, due 09/01/35		568		592
6.000%, due 01/01/36		8,344		8,692
6.000%, due 06/01/36		180		188
6.000%, due 09/01/36		13,757		14,399
6.000%, due 12/01/36		46,484		48,651
6.000%, due 03/01/37		2,947		3,085
6.000%, due 10/01/37		15,983		16,730
6.000%, due 11/01/38		122,684		128,430
6.000%, due 05/01/39		15,835		16,577
6.000%, due 11/01/40		168,097		175,952
6.000%, due 05/01/49		291,550		293,769
6.000%, due 01/01/53		481,354		484,565
1 yr. USD RFUCCT + 1.790%,
6.283%, due 02/01/42¹		55,599		56,821
1 yr. USD MTA + 1.200%,
6.323%, due 03/01/44¹		57,284		56,783
6.500%, due 10/01/36		179,158		190,435
6.500%, due 02/01/37		2,466		2,622
6.500%, due 07/01/37		25,073		26,719
6.500%, due 08/01/37		11,565		12,327
6.500%, due 09/01/37		12,327		13,136
6.500%, due 12/01/37		34,156		36,398

PACE Mortgage-Backed Securities Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
U.S. government agency obligations—(continued)
6.500%, due 05/01/40	$	367,542	$	391,073
1 yr. CMT + 2.130%,
6.564%, due 09/01/41¹		83,187		84,874
1 yr. CMT + 2.285%,
6.597%, due 05/01/35¹		59,087		60,612
1 yr. CMT + 2.502%,
6.627%, due 12/01/27¹		6,186		6,246
1 yr. CMT + 2.243%,
7.000%, due 01/01/36¹		121,482		125,350
1 yr. USD RFUCCT + 1.729%,
7.023%, due 05/01/38¹		359,471		365,872
1 yr. CMT + 2.241%,
7.074%, due 10/01/37¹		579,730		598,537
1 yr. CMT + 2.095%,
7.220%, due 09/01/26¹		3		3
Government National Mortgage Association
2.500%, due 09/20/51		5,130,478		4,354,722
3.000%, due 11/15/42		26,902		24,094
3.000%, due 01/20/43		397,846		357,734
3.000%, due 02/15/43		366,815		323,147
3.000%, due 02/20/43		402,272		361,714
3.000%, due 05/15/43		349,772		312,131
3.000%, due 06/15/43		110,193		98,336
3.000%, due 07/15/43		21,062		18,796
3.000%, due 11/20/43		82,368		73,783
3.000%, due 01/15/45		249,722		219,147
3.000%, due 02/15/45		18,427		16,170
3.000%, due 07/15/45		349,751		306,916
3.000%, due 10/15/45		632,550		558,100
3.000%, due 09/20/47		418,246		370,808
3.000%, due 02/20/48		255,357		226,676
3.000%, due 04/20/50		1,522,688		1,342,118
3.000%, due 10/20/51		147,692		129,693
3.000%, due 05/20/52		872,624		765,579
3.000%, due 09/20/52		426,949		374,575
3.000%, due 02/20/53		858,564		755,052
3.500%, due 11/15/42		215,358		199,002
3.500%, due 03/15/45		101,184		91,808
3.500%, due 04/15/45		99,278		90,700
3.500%, due 04/20/45		3,204		2,933
3.500%, due 11/20/45		502,063		459,586
3.500%, due 12/20/45		195,070		178,574
3.500%, due 04/20/46		298,132		272,583
3.500%, due 05/20/46		345,804		316,152
3.500%, due 04/20/47		292,596		266,925
3.500%, due 07/20/47		2,046,463		1,870,123
3.500%, due 08/20/47		214,880		196,027
3.500%, due 09/20/47		80,912		73,813
3.500%, due 10/20/47		2,802,257		2,553,321
3.500%, due 11/20/47		276,316		252,073
3.500%, due 12/20/47		71,358		65,097
3.500%, due 01/20/48		1,265,540		1,154,504

PACE Mortgage-Backed Securities Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
U.S. government agency obligations—(continued)
3.500%, due 02/20/48	$	1,066,502	$	972,923
3.500%, due 03/20/48		1,599,587		1,459,220
3.500%, due 09/20/48		447,800		408,533
3.500%, due 06/20/49		1,840,074		1,667,209
3.500%, due 02/20/53		348,541		316,398
1 yr. CMT + 1.500%,
3.625%, due 08/20/25¹		626		623
1 yr. CMT + 1.500%,
3.625%, due 09/20/25¹		1,041		1,035
1 yr. CMT + 1.500%,
3.625%, due 08/20/26¹		2,390		2,373
1 yr. CMT + 1.500%,
3.625%, due 07/20/27¹		1,073		1,067
1 yr. CMT + 1.500%,
3.625%, due 07/20/30¹		8,010		8,006
3.750%, due 05/20/30		258,631		254,130
4.000%, due 12/20/40		109,355		104,049
4.000%, due 07/20/41		41,720		39,995
4.000%, due 12/15/41		602,271		576,930
4.000%, due 01/15/47		35,744		33,680
4.000%, due 02/15/47		168,008		158,307
4.000%, due 04/15/47		307,391		288,793
4.000%, due 05/15/47		56,288		53,013
4.000%, due 06/15/47		25,219		23,751
4.000%, due 07/15/47		49,610		46,724
4.000%, due 08/15/47		85,616		80,633
4.000%, due 12/15/47		14,183		13,358
4.000%, due 12/20/47		54,022		50,915
4.000%, due 01/20/48		139,217		131,206
4.000%, due 03/20/48		180,087		169,392
4.000%, due 04/20/48		402,901		378,756
4.000%, due 05/20/48		112,343		105,698
4.000%, due 06/20/48		137,761		129,612
4.000%, due 07/20/48		41,572		39,105
4.000%, due 07/15/49		15,833		14,812
1 yr. CMT + 1.500%,
4.000%, due 09/20/26¹		300		299
1 yr. CMT + 1.500%,
4.000%, due 08/20/27¹		4,024		4,007
1 yr. CMT + 1.500%,
4.000%, due 07/20/30¹		3,460		3,476
1 yr. CMT + 1.500%,
4.000%, due 08/20/30¹		13,393		13,387
4.500%, due 09/15/39		185,709		182,146
4.500%, due 06/15/40		91,501		89,744
4.500%, due 07/20/40		15,914		15,609
4.500%, due 08/20/40		11,497		11,278
4.500%, due 09/20/40		47,986		47,068
4.500%, due 10/20/40		12,925		12,678
4.500%, due 01/20/41		61,714		60,533
4.500%, due 02/20/41		15,114		14,822
4.500%, due 03/20/41		92,234		90,457

PACE Mortgage-Backed Securities Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
U.S. government agency obligations—(continued)
4.500%, due 04/20/41	$	12,259	$	12,022
4.500%, due 06/20/41		105,998		103,954
4.500%, due 07/20/41		27,340		26,813
4.500%, due 09/20/41		2,726		2,674
4.500%, due 12/20/41		24,427		23,956
4.500%, due 05/20/43		5,481		5,376
4.500%, due 07/20/43		3,864		3,790
4.500%, due 10/20/44		52,929		51,318
4.500%, due 08/20/45		64,733		63,134
4.500%, due 12/15/45		6,972		6,738
4.500%, due 08/15/46		7,711		7,453
4.500%, due 09/15/46		134,851		130,341
4.500%, due 10/15/46		112,983		109,203
4.500%, due 01/15/47		198,998		192,349
4.500%, due 04/20/48		18,416		17,810
4.500%, due 05/20/48		51,878		50,170
4.500%, due 06/20/48		127,073		122,802
4.500%, due 10/20/48		164,413		157,660
4.500%, due 01/20/49		123,283		118,941
4.500%, due 02/20/49		214,641		207,426
1 yr. CMT + 1.500%,
4.500%, due 07/20/30¹		3,114		3,120
1 yr. CMT + 1.500%,
4.500%, due 08/20/30¹		886		887
1 yr. CMT + 1.500%,
4.500%, due 10/20/30¹		2,770		2,770
1 yr. CMT + 1.500%,
4.625%, due 01/20/25¹		28		28
1 yr. CMT + 1.500%,
4.625%, due 02/20/25¹		59		59
1 yr. CMT + 1.500%,
4.625%, due 03/20/25¹		317		315
1 yr. CMT + 1.500%,
4.625%, due 03/20/26¹		854		850
1 yr. CMT + 1.500%,
4.625%, due 01/20/27¹		17,495		17,415
1 yr. CMT + 1.500%,
4.625%, due 02/20/27¹		1,199		1,194
1 yr. CMT + 1.500%,
4.625%, due 01/20/28¹		1,821		1,814
1 yr. CMT + 1.500%,
4.625%, due 02/20/28¹		741		739
1 yr. CMT + 1.500%,
4.875%, due 04/20/26¹		10,051		9,999
1 yr. CMT + 1.500%,
4.875%, due 06/20/26¹		3,426		3,409
1 yr. CMT + 1.500%,
4.875%, due 04/20/27¹		2,888		2,876
1 yr. CMT + 1.500%,
4.875%, due 04/20/30¹		1,591		1,593

PACE Mortgage-Backed Securities Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
U.S. government agency obligations—(continued)
1 yr. CMT + 1.500%,
4.875%, due 05/20/30¹	$	16,285	$	16,325
5.000%, due 12/20/33		58,620		59,109
5.000%, due 01/20/34		30,406		30,660
5.000%, due 12/15/34		5,067		5,063
5.000%, due 02/20/38		42,362		42,619
5.000%, due 04/15/38		46,048		46,653
5.000%, due 04/20/38		49,465		49,757
5.000%, due 12/15/39		3,235		3,251
5.000%, due 05/15/40		75,618		75,996
5.000%, due 05/15/41		30,169		30,319
5.000%, due 08/20/41		6,883		6,916
5.000%, due 12/20/42		8,541		8,589
5.000%, due 08/20/43		741,292		744,886
5.000%, due 09/20/48		73,705		72,806
5.000%, due 10/20/48		128,305		126,797
5.000%, due 11/20/48		177,790		175,424
5.000%, due 12/20/48		160,624		158,486
1 yr. CMT + 1.500%,
5.000%, due 05/20/25¹		140		139
1 yr. CMT + 1.500%,
5.000%, due 04/20/27¹		521		519
1 yr. CMT + 1.500%,
5.000%, due 04/20/30¹		1,478		1,475
1 yr. CMT + 1.500%,
5.000%, due 05/20/30¹		61,036		61,197
5.500%, due 08/15/35		9,032		9,325
5.500%, due 02/15/38		790		819
5.500%, due 04/15/38		72,638		75,457
5.500%, due 05/15/38		74,887		77,855
5.500%, due 06/15/38		43,766		45,519
5.500%, due 10/15/38		204,316		212,183
5.500%, due 11/15/38		10,436		10,851
5.500%, due 12/15/38		2,359		2,450
5.500%, due 03/15/39		26,367		27,122
5.500%, due 05/15/39		18,526		19,249
5.500%, due 09/15/39		96,955		100,783
5.500%, due 01/15/40		3,466		3,566
5.500%, due 03/15/40		121,447		125,813
5.500%, due 09/20/48		11,602		11,655
1 yr. CMT + 1.500%,
5.500%, due 05/20/25¹		434		432
1 yr. CMT + 1.500%,
5.500%, due 06/20/25¹		695		692
6.000%, due 10/20/38		902		948
6.500%, due 02/15/29		62		63
6.500%, due 09/20/32		548		568
6.500%, due 01/15/36		7,227		7,386
6.500%, due 09/15/36		68,417		71,918
6.500%, due 02/15/37		1,056		1,093
6.500%, due 04/15/37		4,245		4,535
6.500%, due 01/15/38		4,751		5,025

PACE Mortgage-Backed Securities Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
U.S. government agency obligations—(continued)
6.500%, due 06/15/38	$	11,735	$	12,486
6.500%, due 07/15/38		79		79
6.500%, due 11/15/38		1,837		2,005
6.500%, due 12/20/38		4,405		4,706
9.000%, due 04/20/25		66		66
9.000%, due 12/20/26		638		641
9.000%, due 01/20/27		3,029		3,048
9.000%, due 09/20/30		654		667
9.000%, due 10/20/30		1,972		2,053
9.000%, due 11/20/30		2,324		2,366
Government National Mortgage Association, TBA
2.000%		10,200,000		8,323,996
2.500%		3,200,000		2,712,870
3.000%		20,600,000		18,071,659
4.000%		4,550,000		4,238,470
4.500%		9,860,000		9,409,309
5.000%		6,000,000		5,853,102
5.500%		1,500,000		1,489,396
6.500%		1,000,000		1,015,586
Uniform Mortgage-Backed Security, TBA
1.500%		3,000,000		2,265,336
2.000%		37,250,000		29,699,936
2.500%		9,850,000		8,156,795
3.000%⁷		1,000,000		933,757
3.500%		1,500,000		1,429,626
4.000%⁷		1,000,000		966,656
4.500%⁷		3,000,000		2,948,427
5.000%		2,200,000		2,195,912
5.500%⁷		1,000,000		1,009,220
6.000%		42,000,000		42,251,743
6.500%		8,750,000		8,929,600
7.000%		1,100,000		1,138,588
Total U.S. government agency obligations (cost—$330,340,472)				312,717,365

U.S. Treasury obligations: 3.4%
U.S. Treasury Inflation-Indexed Bonds, 2.375%, due 01/15/25⁷		500,997		499,352
U.S. Treasury Inflation-Indexed Notes, 0.250%, due 01/15/25		5,582,976		5,541,834
Total U.S. Treasury obligations
(cost—$5,941,353)				6,041,186

Short-term U.S. treasury obligations—2.0%
U.S. Treasury Bills
4.591% due 01/23/25^7,8		344,000		340,447
4.602% due 01/23/25^7,8		324,000		320,646
4.614% due 12/19/24^7,8		346,000		343,923
4.628% due 01/16/25^7,8		1,427,000		1,413,397
4.634% due 01/16/25^7,8		445,000		440,753
4.634% due 01/16/25^7,8		165,000		163,425
4.731% due 12/03/24^7,8		198,000		197,184
4.762% due 12/03/24^7,8		273,000		271,868
Total short-term U.S. treasury obligations
(cost—$3,491,643)				3,491,643

PACE Mortgage-Backed Securities Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of
	shares		Value
Short-term investments—3.3%
Investment companies: 1.3%
State Street Institutional U.S. Government Money Market Fund, 4.824%
(cost $2,331,166)		2,331,166	$	2,331,166
Total Short-term investments
(cost—$5,822,809)				5,822,809

	Number of contracts	Notional amount
Options Purchased: 0.0%†
Put options: 0.0%†
UMBS TBA strike @ 96.789, expires 12/05/24 (Counterparty: MSCI)	2,500,000	USD	241,975,000	17,869
UMBS TBA strike @ 98.305, expires 12/05/24 (Counterparty: MSCI)	2,500,000	USD	245,750,000	9,500
UMBS TBA strike @ 97.641, expires 12/05/24 (Counterparty: BOA)	2,000,000	USD	195,280,000	4,901
UMBS TBA strike @ 99.266, expires 01/07/25 (Counterparty: JPMCB)	2,000,000	USD	198,540,000	6,427
UMBS TBA strike @ 98.891, expires 12/05/24 (Counterparty: JPMCB)	2,000,000	USD	197,780,000	2,739
UMBS TBA strike @ 97.414, expires 01/07/25 (Counterparty: GS)	500,000	USD	48,705,000	1,855
UMBS TBA strike @ 97.422, expires 01/07/25 (Counterparty: GS)	2,000,000	USD	194,840,000	7,448
Total Put options				50,739
Total Options Purchased (cost—$30,976)				50,739

Swaptions Purchased: 0.2%
Put swaptions: 0.2%
1 Year USD SOFR Interest Rate Swap strike @ 5.000, expires 12/16/24 (Counterparty: MSCI; pay floating rate); underlying swap terminates 12/18/25	4,300,000	USD	4,300,000	87
1 Year USD SOFR Interest Rate Swap strike @ 5.500, expires 12/16/24 (Counterparty: DB; pay floating rate); underlying swap terminates 12/18/25	10,000,000	USD	10,000,000	17
1 Year USD SOFR Interest Rate Swap strike @ 5.500, expires 01/21/25 (Counterparty: MSCI; pay floating rate); underlying swap terminates 01/23/26	16,400,000	USD	16,400,000	159
10 Year USD SOFR Interest Rate Swap strike @ 5.500, expires 01/28/25 (Counterparty: DB; pay floating rate); underlying swap terminates 01/30/35	6,800,000	USD	6,800,000	1,321
1 Year USD SOFR Interest Rate Swap strike @ 5.250, expires 03/03/25 (Counterparty: JPMCB; pay floating rate); underlying swap terminates 03/05/26	8,000,000	USD	8,000,000	498
1 Year USD SOFR Interest Rate Swap strike @ 5.300, expires 03/13/25 (Counterparty: GSI; pay floating rate); underlying swap terminates 03/17/26	3,000,000	USD	3,000,000	194
10 Year USD SOFR Interest Rate Swap strike @ 4.250, expires 11/29/24 (Counterparty: DB; pay floating rate); underlying swap terminates 12/03/34	4,200,000	USD	4,200,000	7,847
1 Year USD SOFR Interest Rate Swap strike @ 5.000, expires 03/25/25 (Counterparty: MSCI; pay floating rate); underlying swap terminates 03/27/26	14,000,000	USD	14,000,000	2,446

PACE Mortgage-Backed Securities Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of contracts	Notional amount		Value
Swaptions Purchased—(continued)
Put swaptions—(continued)
1 Year USD SOFR Interest Rate Swap strike @ 5.000, expires 09/25/25 (Counterparty: CITI; pay floating rate); underlying swap terminates 09/29/26	14,300,000	USD	14,300,000	$	10,741
10 Year USD SOFR Interest Rate Swap strike @ 6.000, expires 10/17/25 (Counterparty: GSI; pay floating rate); underlying swap terminates 10/21/35	5,500,000	USD	5,500,000		11,868
1 Year USD SOFR Interest Rate Swap strike @ 5.500, expires 10/17/25 (Counterparty: MSCI; pay floating rate); underlying swap terminates 10/21/26	5,500,000	USD	5,500,000		2,361
10 Year USD SOFR Interest Rate Swap strike @ 6.000, expires 10/17/25 (Counterparty: MSCI; pay floating rate); underlying swap terminates 10/21/35	2,500,000	USD	2,500,000		5,395
1 Year USD SOFR Interest Rate Swap strike @ 5.500, expires 10/17/25 (Counterparty: BNP; pay floating rate); underlying swap terminates 10/21/26	2,500,000	USD	2,500,000		1,073
1 Year USD SOFR Interest Rate Swap strike @ 5.500, expires 11/03/25 (Counterparty: DB; pay floating rate); underlying swap terminates 11/05/26	2,700,000	USD	2,700,000		1,284
7 Year USD SOFR Interest Rate Swap strike @ 4.483, expires 11/25/24 (Counterparty: BNP; pay floating rate); underlying swap terminates 11/27/31	3,300,000	USD	3,300,000		1,270
7 Year USD SOFR Interest Rate Swap strike @ 4.530, expires 12/03/24 (Counterparty: MSCI; pay floating rate); underlying swap terminates 12/05/31	2,000,000	USD	2,000,000		878
7 Year USD SOFR Interest Rate Swap strike @ 4.372, expires 12/05/24 (Counterparty: MSCI; pay floating rate); underlying swap terminates 12/09/31	1,000,000	USD	1,000,000		983
7 Year USD SOFR Interest Rate Swap strike @ 4.313, expires 06/08/26 (Counterparty: MSCI; pay floating rate); underlying swap terminates 06/10/33	2,000,000	USD	2,000,000		36,038
7 Year USD SOFR Interest Rate Swap strike @ 3.480, expires 02/05/25 (Counterparty: BB; pay floating rate); underlying swap terminates 02/07/32	3,300,000	USD	3,300,000		78,065
1 Year USD SOFR Interest Rate Swap strike @ 4.308, expires 05/14/25 (Counterparty: JPMCB; pay floating rate); underlying swap terminates 05/16/26	12,600,000	USD	12,600,000		16,299

PACE Mortgage-Backed Securities Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of contracts	Notional amount		Value
Swaptions Purchased—(continued)
Put swaptions—(continued)
10 Year USD SOFR Interest Rate Swap strike @ 5.000, expires 09/10/25 (Counterparty: MSCI; pay floating rate); underlying swap terminates 09/12/35	7,100,000	USD	7,100,000	$	43,813
10 Year USD SOFR Interest Rate Swap strike @ 5.000, expires 09/11/25 (Counterparty: BOA; pay floating rate); underlying swap terminates 09/15/35	3,800,000	USD	3,800,000		23,608
1 Year USD SOFR Interest Rate Swap strike @ 5.000, expires 09/12/25 (Counterparty: BB; pay floating rate); underlying swap terminates 09/16/26	11,200,000	USD	11,200,000		7,839
10 Year USD SOFR Interest Rate Swap strike @ 5.000, expires 09/12/25 (Counterparty: MSCI; pay floating rate); underlying swap terminates 09/16/35	3,300,000	USD	3,300,000		20,624
10 Year USD SOFR Interest Rate Swap strike @ 5.000, expires 03/13/25 (Counterparty: MSCI; pay floating rate); underlying swap terminates 03/17/35	8,300,000	USD	8,300,000		13,664
10 Year USD SOFR Interest Rate Swap strike @ 5.000, expires 09/16/25 (Counterparty: MSCI; pay floating rate); underlying swap terminates 09/18/35	3,300,000	USD	3,300,000		20,873
10 Year USD SOFR Interest Rate Swap strike @ 5.000, expires 09/26/25 (Counterparty: MSCI; pay floating rate); underlying swap terminates 09/30/35	4,300,000	USD	4,300,000		28,514
1 Year USD SOFR Interest Rate Swap strike @ 5.000, expires 10/24/25 (Counterparty: BB; pay floating rate); underlying swap terminates 10/28/26	7,500,000	USD	7,500,000		6,524
10 Year USD SOFR Interest Rate Swap strike @ 4.125, expires 12/05/24 (Counterparty: BOA; pay floating rate); underlying swap terminates 12/09/34	5,600,000	USD	5,600,000		20,830
10 Year USD SOFR Interest Rate Swap strike @ 4.225, expires 12/05/24 (Counterparty: BOA; pay floating rate); underlying swap terminates 12/09/34	5,600,000	USD	5,600,000		14,020
1 Year USD SOFR Interest Rate Swap strike @ 4.750, expires 10/31/25 (Counterparty: CITI; pay floating rate); underlying swap terminates 11/04/26	4,000,000	USD	4,000,000		54
Total put swaptions					379,187

PACE Mortgage-Backed Securities Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of contracts		Notional amount		Value
Swaptions Purchased—(continued)
Call swaptions: 0.0%†
7 Year USD SOFR Interest Rate Swap strike @ 2.500, expires 03/10/25 (Counterparty: GSI; pay floating rate); underlying swap terminates 03/12/32		2,200,000	USD	2,200,000	$	2,359
7 Year USD SOFR Interest Rate Swap strike @ 3.483, expires 11/25/24 (Counterparty: BNP; pay floating rate); underlying swap terminates 11/27/31		3,300,000	USD	3,300,000		10,433
7 Year USD SOFR Interest Rate Swap strike @ 3.530, expires 12/03/24 (Counterparty: MSCI; pay floating rate); underlying swap terminates 12/05/31		2,000,000	USD	2,000,000		8,982
7 Year USD SOFR Interest Rate Swap strike @ 3.372, expires 12/05/24 (Counterparty: MSCI; pay floating rate); underlying swap terminates 12/09/31		1,000,000	USD	1,000,000		2,678
7 Year USD SOFR Interest Rate Swap strike @ 3.348, expires 12/06/24 (Counterparty: BNP; pay floating rate); underlying swap terminates 12/10/31		2,000,000	USD	2,000,000		5,073
7 Year USD SOFR Interest Rate Swap strike @ 3.313, expires 06/08/26 (Counterparty: MSCI; pay floating rate); underlying swap terminates 06/10/33		2,000,000	USD	2,000,000		41,562
7 Year USD SOFR Interest Rate Swap strike @ 2.870, expires 01/21/25 (Counterparty: MSCI; pay floating rate); underlying swap terminates 01/23/32		4,400,000	USD	4,400,000		5,880
7 Year USD SOFR Interest Rate Swap strike @ 2.780, expires 02/05/25 (Counterparty: BB; pay floating rate); underlying swap terminates 02/07/32		3,300,000	USD	3,300,000		4,512
5 Year USD SOFR Interest Rate Swap strike @ 2.450, expires 11/07/24 (Counterparty: GS; pay floating rate); underlying swap terminates 11/12/29		2,200,000	USD	2,200,000		1
Total call swaptions						81,480
Total Swaptions Purchased (cost—$743,540)						460,667
Total investments before investments sold short (cost—$398,060,084)—211.1%						376,092,621

	Number of shares
Investments sold short: (48.0)%
U.S. government agency obligations: (48.0)%
Government National Mortgage Association, TBA
3.500%	$	(1,400,000	)	(1,265,083	)
Uniform Mortgage-Backed Security, TBA
3.000%		(44,150,000	)	(38,018,316	)
3.500%		(19,750,000	)	(17,662,385	)
4.000%		(3,500,000	)	(3,383,303	)

PACE Mortgage-Backed Securities Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares			Value
U.S. government agency obligations—(continued)
4.000%	$	(3,625,000	)	$	(3,350,576	)
4.500%		(1,100,000	)		(1,081,008	)
4.500%		(14,900,000	)		(14,146,745	)
5.000%		(2,600,000	)		(2,524,785	)
5.500%		(4,150,000	)		(4,107,521	)
Total U.S. government agency obligations (cost—$(87,374,180))					(85,539,722	)
Total investments sold short (Proceeds—$(87,374,180))					(85,539,722	)
Total investments (cost—$310,685,904)—163.1%					290,552,899
Liabilities in excess of other assets—(63.1)%					(112,447,856	)
Net assets—100.0%				$	178,105,043

	Face amount
Reverse Repurchase Agreement: (21.0)%
Reverse repurchase agreement dated 10/11/24 with Citigroup, Inc., 5.000% to be repurchased 11/8/24 for $(5,985,171), collateralized by $4,649,340 Government Mortgage Association Obligations, 3.500% to 4.000% due 07/20/47 to 10/01/48 and $1,767,009 Federal National Mortgage Association Obligations, 4.500% due 7/1/43: (value—$6,416,349); proceeds:	$	(5,961,986	)	$	(5,961,986	)
Reverse repurchase agreement dated 10/11/24 with Wells Fargo, 4.990% to be repurchased 11/8/24 for $(31,517,798), collateralized by $5,130,478 Government Mortgage Association Obligations, 2.500% due 9/20/51 and $30,033,227 Federal National Mortgage Association Obligations, 2.500% to 4.500% due 9/1/42 to 8/1/53: (value—$35,163,705); proceeds:	$	(31,395,947	)	$	(31,395,947	)
Total Reverse Repurchase Agreement (cost—$(37,357,933))					(37,357,933	)

For a listing of defined portfolio acronyms that are used throughout the Portfolio of investments as well as the tables that follow, please refer to the Glossary of terms used in the Portfolio of investments.

Options written

Notional amount		Number of contracts	Call options	Counterparty	Expiration date	Premiums received		Current Value			Unrealized appreciation (depreciation)
USD	413,560,000	4,000,000	UMBS TBA, strike @ 103.391	JPMCB	11/07/24	$	2,891	$	—		$	2,891
USD	49,915,000	500,000	UMBS TBA, strike @ 99.832	JPMCB	11/07/24		957		(40	)		917
USD	99,800,000	1,000,000	UMBS TBA, strike @ 99.797	CITI	11/07/24		1,875		(86	)		1,789
USD	298,140,000	3,000,000	UMBS TBA, strike @ 99.375	BOA	11/07/24		9,609		(646	)		8,963
USD	742,275,000	7,500,000	UMBS TBA, strike @ 98.969	CITI	12/05/24		16,406		(14,128	)		2,278
Total						$	31,738	$	(14,900	)	$	16,838

Notional amount		Number of contracts	Put options	Counterparty	Expiration date	Premiums received		Current Value			Unrealized appreciation (depreciation)
USD	192,780,000	2,000,000	UMBS TBA, strike @ 96.391	GS	11/07/24	$	9,219	$	(4,991	)	$	4,228
USD	193,660,000	2,000,000	UMBS TBA, strike @ 96.828	CITI	11/07/24		7,500		(7,652	)		(152	)
USD	712,275,000	7,500,000	UMBS TBA, strike @ 94.969	CITI	12/05/24		21,387		(20,625	)		762
Total						$	38,106	$	(33,268	)	$	4,838
Total options written						$	69,844	$	(48,168	)	$	21,676

PACE Mortgage-Backed Securities Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

Swaptions written

Notional amount (000)		Number of contracts	Put Swaptions	Counterparty	Pay/ receive floating rate	Expiration date	Premiums received		Current value			Unrealized appreciation (depreciation)
USD	1,900	1,900,000	7 Year USD SOFR Interest Rate Swap strike @ 4.013 terminating 12/09/31	BOA	Pay	12/05/24	$	3,990	$	(7,778	)	$	(3,788	)
USD	2,000	2,000,000	10 Year USD SOFR Interest Rate Swap strike @ 4.005 terminating 12/09/34	GSI	Pay	12/05/24		6,600		(11,730	)		(5,130	)
USD	1,200	1,200,000	7 Year USD SOFR Interest Rate Swap strike @ 4.142 terminating 01/09/32	MSCI	Pay	01/07/25		3,540		(5,163	)		(1,623	)
USD	1,300	1,300,000	10 Year USD SOFR Interest Rate Swap strike @ 4.145 terminating 12/09/34	BOA	Pay	12/05/24		3,836		(4,473	)		(637	)
USD	1,500	1,500,000	7 Year USD SOFR Interest Rate Swap strike @ 4.209 terminating 12/09/31	BOA	Pay	12/05/24		2,887		(2,874	)		13
USD	1,700	1,700,000	10 Year USD SOFR Interest Rate Swap strike @ 4.088 terminating 01/09/35	BOA	Pay	01/07/25		9,520		(11,839	)		(2,319	)
Total							$	30,373	$	(43,857	)	$	(13,484	)

Futures contracts

Number of contracts	Currency		Expiration date	Current notional amount			Value			Unrealized appreciation (depreciation)

Interest rate futures buy contracts:
22	USD	3 Month SOFR Futures	March 2027	$	5,341,053		$	5,298,150		$	(42,903	)
U.S. Treasury futures buy contracts:
136	USD	U.S. Treasury Note 10 Year Futures	December 2024	$	15,534,472		$	15,023,750		$	(510,722	)
1	USD	U.S. Treasury Note 5 Year Futures	December 2024		109,610			107,234			(2,376	)
Total				$	20,985,135		$	20,429,134		$	(556,001	)
Interest rate futures sell contracts:
72	USD	3 Month SOFR Futures	June 2025	$	(17,270,973	)	$	(17,268,300	)	$	2,673
22	USD	3 Month SOFR Futures	March 2026		(5,342,108	)		(5,298,700	)		43,408
34	USD	30 Day Federal Funds Futures	October 2024		(13,448,040	)		(13,483,495	)		(35,455	)
43	USD	30 Day Federal Funds Futures	January 2025		(17,131,864	)		(17,132,391	)		(527	)
U.S. Treasury futures sell contracts:
15	USD	U.S. Treasury Note 2 Year Futures	December 2024	$	(3,112,012	)	$	(3,089,180	)	$	22,832
Total				$	(56,304,997	)	$	(56,272,066	)	$	32,931
Net unrealized appreciation (depreciation)										$	(523,070	)

PACE Mortgage-Backed Securities Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

Centrally cleared interest rate swap agreements

Notional amount (000)		Maturity date	Payment frequency	Payments made by the portfolio⁹	Payments received by the portfolio⁹	Value			Unrealized appreciation (depreciation)
USD	3,400	04/17/25	Annual	1 day USD SOFR	3.750%	$	(39,901	)	$	(39,901	)
USD	3,400	04/18/25	Annual	1 day USD SOFR	3.750		(39,790	)		(39,790	)
USD	6,600	04/24/25	Annual	1 day USD SOFR	4.000		(59,536	)		(59,536	)
USD	3,600	04/25/25	Annual	1 day USD SOFR	4.000		(32,357	)		(32,357	)
USD	18,600	06/21/25	Annual	3.750%	1 day USD SOFR		176,034			121,283
USD	1,700	06/21/26	Annual	3.500	1 day USD SOFR		24,447			24,595
USD	5,000	12/18/26	Annual	1 day USD SOFR	3.750		(11,908	)		(42,167	)
USD	3,000	12/21/27	Annual	2.000	1 day USD SOFR		249,499			117,388
USD	4,400	03/20/29	Annual	4.250	1 day USD SOFR		(49,039	)		69,766
USD	4,200	04/10/29	Annual	1 day USD SOFR	3.940		(7,298	)		(7,298	)
USD	17,500	06/15/29	Annual	1 day USD SOFR	1.750		(1,748,157	)		(878,377	)
USD	2,300	11/09/29	Annual	3.205	1 day USD SOFR		107,739			107,739
USD	2,300	11/09/29	Annual	3.218	1 day USD SOFR		106,146			106,146
USD	2,400	11/09/29	Annual	3.217	1 day USD SOFR		110,827			110,827
USD	4,200	12/18/29	Annual	1 day USD SOFR	3.750		(598	)		(57,553	)
USD	1,300	12/21/29	Annual	2.000	1 day USD SOFR		145,585			61,848
USD	1,400	03/08/30	Annual	3.513	1 day USD SOFR		34,235			34,235
USD	1,400	03/08/30	Annual	3.513	1 day USD SOFR		34,273			34,273
USD	500	03/08/30	Annual	3.635	1 day USD SOFR		8,890			8,890
USD	2,900	04/10/30	Annual	1 day USD SOFR	3.560		(59,159	)		(59,159	)
USD	2,900	05/08/30	Annual	1 day USD SOFR	3.560		(55,499	)		(55,499	)
USD	400	05/08/30	Annual	1 day USD SOFR	3.550		(7,954	)		(7,954	)
USD	6,400	06/21/30	Annual	3.000	1 day USD SOFR		307,572			238,792
USD	350	07/10/30	Annual	1 day USD SOFR	3.740		(2,287	)		(2,287	)
USD	2,200	10/06/30	Annual	1 day USD SOFR	4.123		39,286			39,286
USD	4,900	10/10/30	Annual	4.185	1 day USD SOFR		(104,334	)		(104,334	)

PACE Mortgage-Backed Securities Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

Notional amount (000)		Maturity date	Payment frequency	Payments made by the portfolio⁹	Payments received by the portfolio⁹	Value			Unrealized appreciation (depreciation)
USD	1,300	10/10/30	Annual	1 day USD SOFR	4.145%	$	24,898		$	24,898
USD	3,000	10/10/30	Annual	1 day USD SOFR	4.135		55,853			55,853
USD	3,200	10/10/30	Annual	1 day USD SOFR	4.118		56,580			56,580
USD	3,900	10/10/30	Annual	1 day USD SOFR	4.155		76,782			76,782
USD	500	10/10/30	Annual	1 day USD SOFR	4.320		14,258			14,258
USD	3,700	11/08/30	Annual	1 day USD SOFR	4.012		658			658
USD	4,000	11/08/30	Annual	1 day USD SOFR	4.180		43,379			43,379
USD	1,000	11/08/30	Annual	1 day USD SOFR	4.192		11,607			11,607
USD	7,000	12/20/30	Annual	3.500%	1 day USD SOFR		217,798			211,270
USD	2,200	12/22/30	Annual	3.550	1 day USD SOFR		59,698			59,698
USD	4,300	01/10/31	Annual	1 day USD SOFR	3.705		(71,591	)		(71,591	)
USD	1,100	03/12/31	Annual	3.710	1 day USD SOFR		15,059			15,059
USD	1,200	04/08/31	Annual	1 day USD SOFR	3.990		5,973			5,973
USD	1,800	04/08/31	Annual	1 day USD SOFR	3.959		5,473			5,473
USD	2,200	04/09/31	Annual	3.013	1 day USD SOFR		123,313			123,313
USD	2,300	04/15/31	Annual	3.170	1 day USD SOFR		105,642			105,642
USD	1,600	04/26/31	Annual	3.232	1 day USD SOFR		66,515			66,515
USD	5,100	06/10/31	Annual	1 day USD SOFR	3.916		15,496			15,496
USD	7,600	06/20/31	Annual	3.750	1 day USD SOFR		55,780			(35,434	)
USD	1,400	06/08/32	Annual	2.451	1 day USD SOFR		137,219			137,219
USD	7,100	06/15/32	Annual	1.750	1 day USD SOFR		1,043,624			293,090
USD	500	06/15/32	Annual	1.750	1 day USD SOFR		73,245			45,012
USD	4,000	06/15/32	Annual	2.55	1 day USD SOFR		362,259			362,259
USD	2,300	09/16/32	Annual	2.998	1 day USD SOFR		125,976			125,976
USD	5,500	10/06/32	Annual	3.275	1 day USD SOFR		192,112			192,112
USD	2,800	11/28/32	Annual	3.368	1 day USD SOFR		128,448			128,448

PACE Mortgage-Backed Securities Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

Notional amount (000)		Maturity date	Payment frequency	Payments made by the portfolio⁹	Payments received by the portfolio⁹	Value			Unrealized appreciation (depreciation)
USD	600	12/21/32	Annual	2.000%	1 day USD SOFR	$	91,626		$	31,707
USD	1,400	03/08/33	Annual	3.453	1 day USD SOFR		48,665			48,665
USD	3,100	03/08/33	Annual	3.505	1 day USD SOFR		95,095			95,095
USD	1,000	03/08/33	Annual	1 day USD SOFR	3.510%		(30,287	)		(30,287	)
USD	700	06/08/33	Annual	3.260	1 day USD SOFR		31,753			31,753
USD	5,600	12/20/33	Annual	1 day USD SOFR	3.500		(209,882	)		(51,189	)
USD	8,500	06/20/34	Annual	3.750	1 day USD SOFR		72,332			(178,512	)
USD	4,500	12/18/34	Annual	3.750	1 day USD SOFR		9,630			92,771
USD	3,200	12/20/53	Annual	3.500	1 day USD SOFR		290,110			100,507
USD	600	06/20/54	Annual	3.500	1 day USD SOFR		20,335			(13,799	)
USD	1,000	12/18/54	Annual	3.500	1 day USD SOFR		25,347			37,070
USD	16,000	02/02/25	At Maturity	4.600	1 day USD SOFR		93,541			93,541
USD	29,500	02/05/25	At Maturity	4.1	1 day USD SOFR		297,935			297,935
USD	29,500	02/05/25	At Maturity	1 day USD SOFR	4.600		(151,233	)		(151,233	)
USD	27,500	02/06/25	At Maturity	4.600	1 day USD SOFR		140,321			140,321
USD	5,900	05/30/25	At Maturity	5.000	1 day USD SOFR		(12,482	)		(12,482	)
USD	8,500	06/18/25	At Maturity	5.000	1 day USD SOFR		21,364			21,364
USD	27,000	03/03/25	Quarterly	1.350	1 day USD SOFR		481,898			481,898
USD	8,900	05/04/25	Quarterly	1.500	1 day USD SOFR		193,917			193,917
Total						$	3,582,755		$	2,987,443

PACE Mortgage-Backed Securities Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

Fair valuation summary

The following is a summary of the fair valuations according to the inputs used as of October 31, 2024 in valuing the Portfolio's investments. In the event a Portfolio holds investments for which fair value is measured using the NAV per share practical expedient (or its equivalent), a separate column will be added to the fair value hierarchy table; this is intended to permit reconciliation to the amounts presented in the Portfolio of investments:

Description	Unadjusted quoted prices in active market for identical investments (Level 1)			Other significant observable inputs (Level 2)			Unobservable inputs (Level 3)		Total
Assets
Asset-backed securities	$	—		$	17,778,209		$	90,817	$	17,869,026
Mortgage-backed securities		—			33,130,829			—		33,130,829
U.S. government agency obligations		—			312,717,365			—		312,717,365
U.S. Treasury obligations		—			6,041,186			—		6,041,186
Short-term investments		—			2,331,166			—		2,331,166
Short-term U.S. treasury obligations		—			3,491,643			—		3,491,643
Options purchased		—			50,739			—		50,739
Swaptions Purchased		—			460,667			—		460,667
Futures contracts		68,913			—			—		68,913
Swap agreements		—			6,276,047			—		6,276,047
Total	$	68,913		$	382,277,851		$	90,817	$	382,437,581

Liabilities
Investments sold short
U.S. government agency obligations	$	—		$	(85,539,722	)	$	—	$	(85,539,722	)
Reverse Repurchase Agreement		—			(37,357,933	)		—		(37,357,933	)
Options written		—			(48,168	)		—		(48,168	)
Swaptions written		—			(43,857	)		—		(43,857	)
Futures contracts		(591,983	)		—			—		(591,983	)
Swap agreements		—			(2,693,292	)		—		(2,693,292	)
Total	$	(591,983	)	$	(125,682,972	)	$	—	$	(126,274,955	)

At October 31, 2024, there were no transfers in or out of Level 3.

Securities valued using unobservable inputs, i.e. Level 3, were not considered significant to the Fund.

Portfolio footnotes

1	Floating or variable rate securities. The rates disclosed are as of October 31, 2024. For securities based on a published reference rate and spread, the reference rate and spread are indicated within the description. Variable rate securities with a floor or ceiling feature are disclosed at the inherent rate, where applicable. Certain variable rate securities are not based on a published reference rate and spread, but are determined by the issuer or agent and are based on current market conditions; these securities do not indicate a reference rate and spread in the description.
2	Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933. These securities are considered liquid, unless noted otherwise, and may be resold in transactions exempt from registrations, normally to qualified institutional buyers. Securities exempt from registration pursuant to Rule 144A, in the amount of $18,401,140, represented 10.3% of the Portfolios net assets at period end.
3	Security fair valued by the Valuation Committee under the direction of the Board of Trustees.
4	Significant unobservable inputs were used in the valuation of this security; i.e. Level 3.
5	Zero coupon bond.
6	In U.S. dollars unless otherwise indicated.
7	Security, or portion thereof, pledged as collateral for investments sold short, written options, futures and/or swap agreements.
8	Rates shown reflect yield at October 31, 2024.
9	Payments made or received are based on the notional amount.

PACE Intermediate Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
Asset-backed securities—23.7%
Adams Outdoor Advertising LP,
Series 2023-1, Class A2,
6.967%, due 07/15/53¹	$	760,000	$	791,528
Aligned Data Centers Issuer LLC,
Series 2022-1A, Class A2,
6.350%, due 10/15/47¹		2,300,000		2,316,080
Antares CLO Ltd.,
Series 2019-1A, Class BR,
3 mo. USD Term SOFR + 3.350%,
7.967%, due 01/20/36^1,2		1,730,000		1,761,557
Avis Budget Rental Car Funding AESOP LLC,
Series 2023-4A, Class A,
5.490%, due 06/20/29¹		1,620,000		1,645,964
BHG Securitization Trust,
Series 2022-C, Class B,
5.930%, due 10/17/35¹		1,750,000		1,754,297
Business Jet Securities LLC,
Series 2024-2A, Class A,
5.364%, due 09/15/39¹		1,163,611		1,143,521
Capital Automotive REIT,
Series 2024-2A, Class A2,
5.250%, due 05/15/54¹		1,124,115		1,114,572
CARS-DB7 LP,
Series 2023-1A, Class A2,
6.500%, due 09/15/53¹		887,813		901,536

PACE Intermediate Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
Asset-backed securities—(continued)
CLI Funding VIII LLC,
Series 2023-1A, Class A,
6.310%, due 06/18/48¹	$	889,845	$	893,944
Cogent Ipv4 LLC,
Series 2024-1A, Class A2,
7.924%, due 05/25/54¹		1,830,000		1,878,535
College Avenue Student Loans LLC,
Series 2021-A, Class A1,
1 mo. USD Term SOFR + 1.214%,
5.952%, due 07/25/51^1,2		43,347		42,857
Series 2021-B, Class A2,
1.760%, due 06/25/52¹		57,488		51,083
Series 2021-C, Class A1,
1 mo. USD Term SOFR + 1.014%,
5.752%, due 07/26/55^1,2		175,160		171,841
Series 2021-C, Class B,
2.720%, due 07/26/55¹		77,573		69,246
Series 2021-C, Class A2,
2.320%, due 07/26/55¹		88,234		78,792
Credit Acceptance Auto Loan Trust,
Series 2021-4, Class A,
1.260%, due 10/15/30¹		27,996		27,949
Series 2022-1A, Class A,
4.600%, due 06/15/32¹		291,273		290,791
Series 2022-3A, Class C,
8.450%, due 02/15/33¹		2,300,000		2,388,853

PACE Intermediate Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
Asset-backed securities—(continued)
DataBank Issuer LLC,
Series 2023-1A, Class A2,
5.116%, due 02/25/53¹	$	995,000	$	972,400
Edgeconnex Data Centers Issuer LLC,
Series 2024-1, Class A2,
6.000%, due 07/27/54^1,3		835,975		832,368
EDvestinU Private Education Loan Issue No. 3 LLC,
Series 2021-A, Class A,
1.800%, due 11/25/45¹		49,770		45,371
Golub Capital Partners ABS Funding Ltd.,
Series 2022-1A, Class A2B,
6.580%, due 07/22/30¹		1,897,355		1,855,036
GoodLeap Sustainable Home Solutions Trust,
Series 2021-4GS, Class A,
1.930%, due 07/20/48¹		160,390		125,635
Series 2021-5CS, Class A,
2.310%, due 10/20/48¹		89,801		71,980
Lendmark Funding Trust,
Series 2021-1A, Class A,
1.900%, due 11/20/31¹		210,000		196,117
Series 2024-2A, Class A,
4.470%, due 02/21/34¹		1,280,000		1,256,365
Mariner Finance Issuance Trust,
Series 2021-AA, Class A,
1.860%, due 03/20/36¹		180,000		170,215

PACE Intermediate Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
Asset-backed securities—(continued)
MCF CLO 10 Ltd.,
Series 2023-1A, Class C,
3 mo. USD Term SOFR + 4.200%,
8.856%, due 04/15/35^1,2	$	630,000	$	635,436
Mosaic Solar Loan Trust,
Series 2022-1A, Class A,
2.640%, due 01/20/53¹		145,379		125,758
Navient Private Education Refi Loan Trust,
Series 2019-D, Class A2B,
1 mo. USD Term SOFR + 1.164%,
5.968%, due 12/15/59^1,2		100,626		100,672
Series 2020-IA, Class B,
2.950%, due 04/15/69¹		100,000		84,204
Series 2021-A, Class A,
0.840%, due 05/15/69¹		43,580		39,165
Series 2021-DA, Class A,
U.S. (Fed) Prime Rate + -1.990%,
6.010%, due 04/15/60^1,2		206,137		203,876
Navient Student Loan Trust,
Series 2018-EA, Class A2,
4.000%, due 12/15/59¹		10,971		10,889

PACE Intermediate Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
Asset-backed securities—(continued)
Nelnet Student Loan Trust,
Series 2021-A, Class APT2,
1.360%, due 04/20/62¹	$	306,587	$	281,646
Series 2021-BA, Class AFL,
1 mo. USD Term SOFR + 0.894%,
5.654%, due 04/20/62^1,2		435,444		432,498
Series 2021-CA, Class AFL,
1 mo. USD Term SOFR + 0.854%,
5.614%, due 04/20/62^1,2		276,205		274,063
New Economy Assets Phase 1 Sponsor LLC,
Series 2021-1, Class A1,
1.910%, due 10/20/61¹		1,150,000		1,050,796
NextGear Floorplan Master Owner Trust,
Series 2023-1A, Class A2,
5.740%, due 03/15/28¹		1,740,000		1,762,182
NFAS2 LLC,
Series 2022-1, Class B,
7.590%, due 09/15/28¹		1,090,000		1,095,459
NMEF Funding LLC,
Series 2022-B, Class A2,
6.070%, due 06/15/29¹		826,256		830,836
OnDeck Asset Securitization Trust IV LLC,
Series 2024-1A, Class A,
6.270%, due 06/17/31¹		1,090,000		1,101,581

PACE Intermediate Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
Asset-backed securities—(continued)
OneMain Financial Issuance Trust,
Series 2022-3A, Class A,
5.940%, due 05/15/34¹	$	1,610,000	$	1,621,679
Oportun Issuance Trust,
Series 2022-3, Class B,
8.533%, due 01/08/30¹		250,341		250,557
Oxford Finance Funding Trust,
Series 2023-1A, Class B,
7.879%, due 02/15/31¹		1,970,000		1,942,037
Prodigy Finance DAC,
Series 2021-1A, Class A,
1 mo. USD Term SOFR + 1.364%,
6.102%, due 07/25/51^1,2		85,213		84,754
Regional Management Issuance Trust,
Series 2021-2, Class A,
1.900%, due 08/15/33¹		245,000		227,302
Series 2022-2B, Class B,
8.510%, due 11/17/32¹		2,360,000		2,396,064
Republic Finance Issuance Trust,
Series 2024-A, Class A,
5.910%, due 08/20/32¹		1,490,000		1,497,665
Retained Vantage Data Centers Issuer LLC,
Series 2023-1A, Class A2A,
5.000%, due 09/15/48¹		1,370,000		1,347,256

PACE Intermediate Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
Asset-backed securities—(continued)
Santander Drive Auto Receivables Trust,
Series 2022-7, Class C,
6.690%, due 03/17/31	$	2,200,000	$	2,262,284
Sesac Finance LLC,
Series 2019-1, Class A2,
5.216%, due 07/25/49¹		113,700		112,429
SLM Private Education Loan Trust,
Series 2010-C, Class A5,
1 mo. USD Term SOFR + 4.864%,
9.668%, due 10/15/41^1,2		293,149		306,877

PACE Intermediate Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
Asset-backed securities—(continued)
SMB Private Education Loan Trust,
Series 2017-B, Class A2B,
1 mo. USD Term SOFR + 0.864%,
5.668%, due 10/15/35^1,2	$	30,089	$	30,045
Series 2018-A, Class A2B,
1 mo. USD Term SOFR + 0.914%,
5.718%, due 02/15/36^1,2		131,075		130,738
Series 2018-C, Class A2B,
1 mo. USD Term SOFR + 0.864%,
5.668%, due 11/15/35^1,2		180,336		179,788
Series 2021-A, Class A2A1,
1 mo. USD Term SOFR + 0.844%,
5.630%, due 01/15/53^1,2		373,388		368,204
Series 2021-A, Class B,
2.310%, due 01/15/53¹		84,442		80,524
Series 2021-C, Class APT1,
1.390%, due 01/15/53¹		118,612		106,330
SoFi Professional Loan Program LLC,
Series 2018-A, Class A2B,
2.950%, due 02/25/42¹		19,354		19,142
Series 2020-C, Class AFX,
1.950%, due 02/15/46¹		65,257		60,409
Stack Infrastructure Issuer LLC,
Series 2023-1A, Class A2,
5.900%, due 03/25/48¹		740,000		744,658

PACE Intermediate Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
Asset-backed securities—(continued)
Store Master Funding I-VII XIV XIX XX,
Series 2021-1A, Class A1,
2.120%, due 06/20/51¹	$	1,003,000	$	888,812
TierPoint Issuer LLC,
Series 2023-1A, Class A2,
6.000%, due 06/25/53¹		790,000		791,923
Vantage Data Centers Issuer LLC,
Series 2023-1A, Class A2,
6.316%, due 03/16/48¹		1,070,000		1,080,344
Willis Engine Structured Trust VII,
Series 2023-A, Class A,
8.000%, due 10/15/48¹		535,776		561,655
Total asset-backed securities
(cost—$47,375,217)				47,968,970

Corporate bonds—42.5%
Agriculture: 0.4%
Cargill, Inc.
5.125%, due 10/11/32¹		810,000		825,140

Airlines: 0.2%
Air Canada Pass-Through Trust
Series 2017-1, Class AA,
3.300%, due 01/15/30¹		38,797		35,951

PACE Intermediate Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
Corporate bonds—(continued)
Airlines—(continued)
American Airlines Pass-Through Trust
Series 2016-3, Class AA,
3.000%, due 10/15/28	$	80,369	$	75,067
Series 2016-1, Class AA,
3.575%, due 01/15/28		43,359		41,779
Series 2017-1, Class AA,
3.650%, due 02/15/29		26,189		25,090
Delta Air Lines Pass-Through Trust
Series 2020-1, Class AA,
2.000%, due 06/10/28		49,453		45,976
United Airlines Pass-Through Trust
Series 2019-2, Class AA,
2.700%, due 05/01/32		40,397		35,798
Series 2015-1, Class AA,
3.450%, due 12/01/27		28,819		27,576
Series 2018-1, Class AA,
3.500%, due 03/01/30		14,200		13,254
Series 2019-1, Class AA,
4.150%, due 08/25/31		51,053		48,631
				349,122
Banks: 14.3%
ASB Bank Ltd.
(fixed, converts to FRN on 06/17/27),
5.284%, due 06/17/32^1,2		1,500,000		1,493,377
5.398%, due 11/29/27¹		1,260,000		1,286,106

PACE Intermediate Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
Corporate bonds—(continued)
Banks—(continued)
Bank of America Corp.
(fixed, converts to FRN on 01/20/27),
3.824%, due 01/20/28²	$	840,000	$	822,931
Bank of New York Mellon Corp.
(fixed, converts to FRN on 02/07/27),
3.442%, due 02/07/28²		1,400,000		1,362,392
Bank of New Zealand
4.846%, due 02/07/28¹		1,075,000		1,077,534
Comerica Bank
4.000%, due 07/27/25		800,000		791,996
(fixed, converts to FRN on 08/25/32),
5.332%, due 08/25/33^2,5		1,280,000		1,207,488
Fifth Third Bancorp
(fixed, converts to FRN on 07/28/29),
4.772%, due 07/28/30²		25,000		24,610
(fixed, converts to FRN on 10/27/27),
6.361%, due 10/27/28²		1,885,000		1,954,718
HSBC Holdings PLC
(fixed, converts to FRN on 06/04/30),
2.848%, due 06/04/31²		1,800,000		1,595,964
(fixed, converts to FRN on 11/03/27),
7.390%, due 11/03/28²		905,000		964,102
Huntington Bancshares, Inc.
(fixed, converts to FRN on 08/04/27),
4.443%, due 08/04/28²		647,000		639,405
Huntington National Bank
5.650%, due 01/10/30		1,240,000		1,266,503

PACE Intermediate Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
Corporate bonds—(continued)
Banks—(continued)
ING Groep NV
(fixed, converts to FRN on 03/28/25),
3.869%, due 03/28/26²	$	1,400,000	$	1,392,137
JPMorgan Chase & Co.
(fixed, converts to FRN on 02/01/27),
3.782%, due 02/01/28²		793,000		776,071
KeyBank NA
5.850%, due 11/15/27⁵		1,080,000		1,106,300
Lloyds Banking Group PLC
(fixed, converts to FRN on 03/18/27),
3.750%, due 03/18/28²		1,420,000		1,382,954
(fixed, converts to FRN on 11/15/32),
7.953%, due 11/15/33²		610,000		692,026
Morgan Stanley
(fixed, converts to FRN on 10/18/32),
6.342%, due 10/18/33²		885,000		952,475
NatWest Group PLC
1 day USD SOFR + 1.300%,
6.367%, due 11/15/28²		940,000		947,458
(fixed, converts to FRN on 11/10/25),
7.472%, due 11/10/26²		1,030,000		1,054,573
Santander Holdings USA, Inc.
(fixed, converts to FRN on 09/09/25),
5.807%, due 09/09/26²		855,000		857,969
(fixed, converts to FRN on 03/09/28),
6.499%, due 03/09/29²		755,000		778,110

PACE Intermediate Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
Corporate bonds—(continued)
Banks—(continued)
Skandinaviska Enskilda Banken AB
5.375%, due 03/05/29¹	$	680,000	$	691,392
State Street Corp.
(fixed, converts to FRN on 11/04/27),
5.820%, due 11/04/28²		555,000		571,650
Truist Financial Corp.
(fixed, converts to FRN on 06/06/27),
4.123%, due 06/06/28²		1,370,000		1,346,656
(fixed, converts to FRN on 10/28/32),
6.123%, due 10/28/33²		580,000		607,574
Wells Fargo & Co.
(fixed, converts to FRN on 03/02/32),
3.350%, due 03/02/33²		1,525,000		1,355,017
				28,999,488
Commercial services: 1.1%
Ashtead Capital, Inc.
5.500%, due 08/11/32^1,5		1,500,000		1,495,447
Avis Budget Car Rental LLC/Avis Budget Finance, Inc.
8.250%, due 01/15/30^1,5		625,000		638,513
				2,133,960
Diversified financial services: 2.9%
Ally Financial, Inc.
(fixed, converts to FRN on 01/03/29),
6.848%, due 01/03/30²		1,005,000		1,044,545
Bread Financial Holdings, Inc.
9.750%, due 03/15/29¹		1,410,000		1,489,296

PACE Intermediate Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
Corporate bonds—(continued)
Diversified financial services—(continued)
Brightsphere Investment Group, Inc.
4.800%, due 07/27/26	$	585,000	$	572,363
Capital One Financial Corp.
(fixed, converts to FRN on 05/10/27),
4.927%, due 05/10/28²		1,400,000		1,402,324
(fixed, converts to FRN on 05/10/32),
5.268%, due 05/10/33²		164,000		161,572
Oxford Finance LLC/Oxford Finance Co-Issuer II, Inc.
6.375%, due 02/01/27¹		1,250,000		1,231,331
				5,901,431
Electric: 2.6%
Alexander Funding Trust II
7.467%, due 07/31/28¹		1,145,000		1,212,752
Atlantica Sustainable Infrastructure PLC
4.125%, due 06/15/28¹		1,110,000		1,058,491
Duke Energy Florida LLC
5.950%, due 11/15/52		880,000		929,101
Edison International
Series A,
(fixed, converts to FRN on 03/15/26),
5.375%, due 03/15/26^2,6		1,360,000		1,346,459
MidAmerican Energy Co.
3.650%, due 04/15/29		204,000		195,686
Southern California Edison Co.
5.950%, due 11/01/32		585,000		619,012
				5,361,501

PACE Intermediate Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
Corporate bonds—(continued)
Energy-Alternate Sources: 0.5%
NextEra Energy Partners LP
2.500%, due 06/15/26^1,5	$	1,180,000	$	1,102,905

Gas: 0.4%
Southern California Gas Co.
5.050%, due 09/01/34		850,000		847,847

Healthcare-services: 0.5%
CommonSpirit Health
6.073%, due 11/01/27		965,000		998,697

Insurance: 9.8%
American National Group, Inc.
5.750%, due 10/01/29		465,000		466,175
Athene Global Funding
4.721%, due 10/08/29¹		675,000		662,716
Athene Holding Ltd.
6.650%, due 02/01/33		1,175,000		1,264,291
Corebridge Financial, Inc.
(fixed, converts to FRN on 12/15/27),
6.875%, due 12/15/52²		1,280,000		1,310,160
Enstar Finance LLC
(fixed, converts to FRN on 01/15/27),
5.500%, due 01/15/42²		1,655,000		1,551,557
(fixed, converts to FRN on 09/01/25),
5.750%, due 09/01/40^2,5		125,000		122,871
Enstar Group Ltd.
4.950%, due 06/01/29		1,400,000		1,381,730
F&G Annuities & Life, Inc.
7.400%, due 01/13/28		2,110,000		2,193,556

PACE Intermediate Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
Corporate bonds—(continued)
Insurance—(continued)
Global Atlantic Fin Co.
7.950%, due 06/15/33¹	$	1,065,000	$	1,189,108
(fixed, converts to FRN on 10/15/29),
7.950%, due 10/15/54^1,2		395,000		409,849
Metropolitan Life Global Funding I
4.300%, due 08/25/29¹		845,000		825,990
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen
(fixed, converts to FRN on 05/23/32),
5.875%, due 05/23/42^1,2		800,000		819,384
Reinsurance Group of America, Inc.
6.000%, due 09/15/33		1,125,000		1,173,806
RenaissanceRe Holdings Ltd.
5.750%, due 06/05/33		1,645,000		1,669,852
SiriusPoint Ltd.
7.000%, due 04/05/29		795,000		816,614
Stewart Information Services Corp.
3.600%, due 11/15/31		1,700,000		1,466,596
Swiss Re Finance Luxembourg SA
(fixed, converts to FRN on 04/02/29),
5.000%, due 04/02/49^1,2		2,600,000		2,587,182
				19,911,437
Investment companies: 3.8%
BlackRock TCP Capital Corp.
6.950%, due 05/30/29⁵		1,025,000		1,030,585
Blackstone Private Credit Fund
3.250%, due 03/15/27		209,000		197,950
7.300%, due 11/27/28¹		1,525,000		1,600,664

PACE Intermediate Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
Corporate bonds—(continued)
Investment companies—(continued)
Blue Owl Credit Income Corp.
7.750%, due 09/16/27	$	710,000	$	739,613
FS KKR Capital Corp.
7.875%, due 01/15/29		1,830,000		1,943,875
HA Sustainable Infrastructure Capital, Inc.
6.375%, due 07/01/34¹		1,085,000		1,080,047
Oaktree Strategic Credit Fund
6.500%, due 07/23/29⁵		1,060,000		1,056,678
				7,649,412
Media: 0.5%
CCO Holdings LLC/CCO Holdings Capital Corp.
7.375%, due 03/01/31¹		1,005,000		1,022,036

Oil & gas: 0.5%
Sunoco LP
7.000%, due 05/01/29¹		915,000		943,895

Real estate investment trusts: 3.4%
Arbor Realty SR, Inc.
Series QIB,
8.500%, due 10/15/27¹		1,790,000		1,752,311
HAT Holdings I LLC/HAT Holdings II LLC
3.375%, due 06/15/26¹		1,515,000		1,462,739
SBA Tower Trust
6.599%, due 01/15/28¹		2,300,000		2,350,101
Scentre Group Trust 1/Scentre Group Trust 2
4.375%, due 05/28/30¹		1,363,000		1,318,589
				6,883,740

PACE Intermediate Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
Corporate bonds—(continued)
Retail: 0.4%
Macy's Retail Holdings LLC
5.875%, due 03/15/30^1,5	$	865,000	$	836,585

Semiconductors: 0.7%
ams-OSRAM AG
12.250%, due 03/30/29¹		1,400,000		1,453,523

Telecommunications: 0.5%
Connect Finco SARL/Connect U.S. Finco LLC
9.000%, due 09/15/29¹		1,050,000		997,341
Total corporate bonds
(cost—$84,046,199)				86,218,060

Loan assignments—13.4%
Aerospace & defense: 0.4%
Propulsion BC Finco SARL
3 mo. USD Term SOFR + 3.250%,
7.867%, due 09/14/29²		868,371		870,724

Agriculture: 0.3%
A-AG U.S. GSI Bidco, Inc.
0.000%, due 10/08/31^2,7		525,000		523,687

Airlines: 0.6%
United Airlines, Inc.
3 mo. USD Term SOFR + 2.750%,
7.385%, due 02/22/31²		1,169,125		1,169,955

Chemicals: 0.5%
INEOS Enterprises Holdings U.S. Finco LLC
3 mo. USD Term SOFR + 3.750%,
8.907%, due 07/08/30²		1,027,238		1,028,522

Commercial services: 1.4%
Priority Holdings LLC
3 mo. USD Term SOFR + 4.750%,
9.807%, due 05/16/31²		1,057,350		1,053,712

PACE Intermediate Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
Loan assignments—(continued)
Commercial services—(continued)
System One Holdings LLC
3 mo. USD Term SOFR + 3.750%,
8.504%, due 03/02/28²	$	1,721,396	$	1,723,548
				2,777,260
Diversified financial services: 0.6%
LendingTree, Inc.
1 mo. USD Term SOFR + 4.000%,
8.799%, due 09/15/28²		1,223,103		1,217,367

Electric: 0.8%
Eastern Power LLC
1 mo. USD Term SOFR + 5.250%,
9.935%, due 04/03/28²		1,539,563		1,539,763

Environmental control: 0.3%
Tidal Waste & Recycling Holdings LLC
0.000%, due 10/03/31^2,7		622,000		622,000

Health care products: 0.8%
Medline Borrower LP
1 mo. USD Term SOFR + 2.750%,
7.435%, due 10/23/28²		1,106,902		1,107,644
Sotera Health Holdings LLC
3 mo. USD Term SOFR + 3.250%,
7.835%, due 05/30/31²		620,000		620,391
				1,728,035
Healthcare-services: 1.0%
IQVIA, Inc.
3 mo. USD Term SOFR + 2.000%,
6.604%, due 01/02/31²		992,500		994,674

PACE Intermediate Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
Loan assignments—(continued)
Healthcare-services—(continued)
MPH Acquisition Holdings LLC
2021 Term Loan B,
3 mo. USD Term SOFR + 4.250%,
9.569%, due 09/01/28²	$	1,273,737	$	953,354
				1,948,028
Home Furnishings: 0.9%
Whirlpool Corp.
1 mo. USD Term SOFR + 1.125%,
5.910%, due 09/23/25^2,3,4		1,855,000		1,852,681

Investment companies: 0.5%
MIP V Waste Holdings LLC
1 mo. USD Term SOFR + 3.000%,
7.685%, due 12/08/28²		1,115,001		1,115,470

Media: 0.5%
Midcontinent Communications
1 mo. USD Term SOFR + 2.500%,
7.286%, due 08/16/31²		1,070,000		1,074,012

Pharmaceuticals: 0.6%
Jazz Financing Lux SARL
1 mo. USD Term SOFR + 2.250%,
6.935%, due 05/05/28²		1,163,280		1,163,175

Pipelines: 2.4%
AL NGPL Holdings LLC
3 mo. USD Term SOFR + 2.500%,
7.090%, due 04/17/28²		1,114,104		1,115,029
BCP Renaissance Parent LLC
3 mo. USD Term SOFR + 3.250%,
7.854%, due 10/31/28²		1,016,819		1,016,819

PACE Intermediate Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
Loan assignments—(continued)
Pipelines—(continued)
Rockpoint Gas Storage Partners LP
3 mo. USD Term SOFR + 3.500%,
8.363%, due 09/12/31²	$	1,600,000	$	1,595,008
UGI Energy Services LLC
1 mo. USD Term SOFR + 2.500%,
7.185%, due 02/22/30²		1,161,254		1,160,836
				4,887,692
Real estate investment trusts: 0.4%
Starwood Property Trust, Inc.
1 mo. USD Term SOFR + 2.750%,
7.435%, due 11/18/27²		751,613		753,492

Software: 0.6%
Central Parent, Inc.
3 mo. USD Term SOFR + 3.250%,
7.854%, due 07/06/29²		1,141,375		1,131,844

Telecommunications: 0.8%
Connect Finco SARL
1 mo. USD Term SOFR + 3.500%,
8.185%, due 12/11/26²		299,007		296,977
Iridium Satellite LLC
1 mo. USD Term SOFR + 2.250%,
6.935%, due 09/20/30²		1,083,800		1,070,122
Lumen Technologies, Inc.
1 mo. USD Term SOFR + 6.000%,
10.685%, due 06/01/28²		322,906		317,775
				1,684,874
Total loan assignments
(cost—$27,224,347)				27,088,581

PACE Intermediate Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
Mortgage-backed securities—11.2%
Arbor Multifamily Mortgage Securities Trust,
Series 2020-MF1, Class A5,
2.756%, due 05/15/53¹	$	465,000	$	417,227
Bank,
Series 2022-BNK42, Class A5,
4.493%, due 06/15/55²		220,000		211,147
BBCMS Mortgage Trust,
Series 2019-C3, Class B,
4.096%, due 05/15/52		90,000		82,523
Benchmark Mortgage Trust,
Series 2019-B15, Class B,
3.564%, due 12/15/72		210,000		172,681
Series 2019-B15, Class C,
3.720%, due 12/15/72²		111,000		85,186
Series 2022-B35, Class A5,
4.444%, due 05/15/55²		270,000		254,074
BX Commercial Mortgage Trust,
Series 2021-XL2, Class A,
1 mo. USD Term SOFR + 0.803%,
5.607%, due 10/15/38^1,2		201,881		200,746
Series 2021-CIP, Class A,
1 mo. USD Term SOFR + 1.035%,
5.840%, due 12/15/38^1,2		213,356		211,889
BX Trust,
Series 2022-CLS, Class B,
6.300%, due 10/13/27¹		2,020,000		1,922,935

PACE Intermediate Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
Mortgage-backed securities—(continued)
Series 2022-GPA, Class B,
1 mo. USD Term SOFR + 2.664%,
7.450%, due 08/15/41^1,2	$	981,468	$	981,468
Series 2022-GPA, Class C,
1 mo. USD Term SOFR + 3.213%,
7.999%, due 08/15/42^1,2		932,395		932,395
Cantor Commercial Real Estate Lending,
Series 2019-CF3, Class B,
3.500%, due 01/15/53²		101,000		82,902
CD Mortgage Trust,
Series 2017-CD3, Class A4,
3.631%, due 02/10/50		300,000		282,012
Citigroup Commercial Mortgage Trust,
Series 2023-PRM3, Class B,
6.360%, due 07/10/28^1,2		880,000		896,925
COMM Mortgage Trust,
Series 2015-CR25, Class A3,
3.505%, due 08/10/48		219,019		217,211
CRSO Trust
7.658%, due 07/10/28²		880,000		910,346
DC Commercial Mortgage Trust,
Series 2023-DC, Class B,
6.804%, due 09/12/40¹		660,000		681,304

PACE Intermediate Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
Mortgage-backed securities—(continued)
Extended Stay America Trust,
Series 2021-ESH, Class A,
1 mo. USD Term SOFR + 1.194%,
5.999%, due 07/15/38^1,2	$	364,431	$	364,431
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates,
Series K121, Class X1,
1.019%, due 10/25/30²		1,174,602		55,388
Series KL06, Class XFX,
1.364%, due 12/25/29²		720,000		32,980
Series K142, Class A2,
2.400%, due 03/25/32		385,000		331,456
Series K144, Class A2,
2.450%, due 04/25/32		270,000		232,616
Series K145, Class A2,
2.580%, due 05/25/32		605,000		525,263
Series KC02, Class A2,
3.370%, due 07/25/25		465,825		461,160
Federal Home Loan Mortgage Corp. Multifamily WI Certificates,
Series K146, Class A2,
2.920%, due 07/25/32		170,000		151,183
Federal National Mortgage Association-ACES,
Series 2022-M5, Class A3,
2.353%, due 01/01/34²		325,000		268,294

PACE Intermediate Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
Mortgage-backed securities—(continued)
FRESB Mortgage Trust,
Series 2019-SB60, Class A10H,
3.500%, due 01/25/39²	$	154,745	$	145,559
JP Morgan Chase Commercial Mortgage Securities Trust,
Series 2021-MHC, Class A,
1 mo. USD Term SOFR + 1.164%,
5.969%, due 04/15/38^1,2		85,041		84,934
Series 2022-ACB, Class A,
30 day USD SOFR Average + 1.400%,
6.410%, due 03/15/39^1,2		360,000		360,000
MF1 Trust,
Series 2021-W10, Class A,
1 mo. USD Term SOFR + 1.070%,
5.856%, due 12/15/34^1,2		100,000		98,908
Series 2021-W10, Class B,
1 mo. USD Term SOFR + 1.370%,
6.156%, due 12/15/34^1,2		370,000		363,449
Morgan Stanley Capital I Trust,
Series 2015-MS1, Class A4,
3.779%, due 05/15/48²		520,000		514,358
MTN Commercial Mortgage Trust,
Series 2022-LPFL, Class A,
1 mo. USD Term SOFR + 1.397%,
6.207%, due 03/15/39^1,2		2,000,000		1,988,750

PACE Intermediate Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
Mortgage-backed securities—(continued)
OAKST Commercial Mortgage Trust,
Series 2023-NLP, Class A,
6.095%, due 03/15/40^1,2	$	2,050,000	$	2,070,846
One Bryant Park Trust,
Series 2019-OBP, Class A,
2.516%, due 09/15/54¹		2,300,000		2,006,119
SCOTT Trust,
Series 2023-SFS, Class A,
5.910%, due 03/10/40¹		870,000		883,556
Taubman Centers Commercial Mortgage Trust,
Series 2022-DPM, Class A,
1 mo. USD Term SOFR + 2.186%,
6.990%, due 05/15/37^1,2		260,000		261,136
Wells Fargo Commercial Mortgage Trust,
Series 2018-C46, Class A4,
4.152%, due 08/15/51		135,000		129,951
Series 2018-C44, Class A5,
4.212%, due 05/15/51		445,000		431,370
WMRK Commercial Mortgage Trust,
Series 2022-WMRK, Class C,
1 mo. USD Term SOFR + 4.083%,
8.869%, due 11/15/27^1,2		2,330,000		2,336,553
Total mortgage-backed securities
(cost—$22,941,143)				22,641,231

PACE Intermediate Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
Municipal bonds—0.4%
California: 0.1%
Los Angeles Department of Water & Power Power System Revenue, Revenue Bonds,
6.574%, due 07/01/45	$	145,000	$	162,129
State of California, GO Bonds,
7.550%, due 04/01/39		70,000		84,848
				246,977
Michigan: 0.0%†
University of Michigan, Revenue Bonds,
Series B,
3.504%, due 04/01/52		93,000		71,754

Minnesota: 0.0%†
University of Minnesota, Revenue Bonds,
4.048%, due 04/01/52		78,000		66,338

New Jersey: 0.1%
New Jersey Transportation Trust Fund Authority, Build America Bonds, Revenue Bonds,
Series B,
6.561%, due 12/15/40		105,000		114,863
New Jersey Turnpike Authority, Taxable Refunding, Revenue Bonds,
Series B,
2.782%, due 01/01/40		25,000		18,910
				133,773
New York: 0.1%
New York State Dormitory Authority, Personal Income Tax, Refunding, Revenue Bonds,

PACE Intermediate Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
Municipal bonds—(continued)
New York—(continued)
Series C,
2.052%, due 03/15/30	$	120,000	$	105,795
Series C,
2.152%, due 03/15/31		165,000		142,399
				248,194
Texas: 0.1%
City of Houston TX, GO Bonds,
3.961%, due 03/01/47		85,000		73,102
State of Texas, Public Finance Authority, Taxable Refunding, GO Bonds,
Series B,
2.754%, due 10/01/41		50,000		37,060
				110,162
Total municipal bonds
(cost—$1,041,603)				877,198

	Number of shares
Preferred stocks: 1.1%
Capital markets: 1.1%
CION Investment Corp.		36,000	923,400
Trinity Capital, Inc.		50,000	1,267,000
			2,190,400
Total preferred stocks (cost—$2,150,000)			2,190,400

	Face
	amount
U.S. Treasury obligations: 3.7%
U.S. Treasury Bonds
1.375% due 08/15/50		6,450,000	3,336,363
3.625% due 02/15/53		1,775,000	1,523,380
3.875% due 02/15/43		475,000	434,347
U.S. Treasury Notes,
3.500%, due 09/30/29		2,270,000	2,204,560
Total U.S. Treasury obligations
(cost—$7,981,044)			7,498,650

PACE Intermediate Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of
	shares		Value
Common stocks: 1.2%
Mortgage real estate investment: 1.2%
Ellington Financial, Inc.,Series C^2,6
(cost—$2,335,000)		93,400	$	2,399,446

	Face amount
Short-term U.S. treasury obligations—1.2%
U.S. Treasury Bills
4.462% due 04/10/25⁸	$	1,200,000	1,176,879
5.149% due 01/23/25⁸		1,300,000	1,286,705
Total short-term U.S. treasury obligations (cost—$2,462,211)			2,463,584

	Number of shares
Short-term investments—2.6%
Investment companies: 1.4%
State Street Institutional U.S. Government Money Market Fund, 4.824%⁸(cost $2,772,451)		2,772,451	2,772,451
Total Short-term investments (cost—$5,234,662)			5,236,035

	Number of
	shares		Value
Investment of cash collateral from securities loaned—3.6%
Money market funds: 3.6%
State Street Navigator Securities Lending Government Money Market Portfolio, 4.817%⁸
(cost—$7,384,913)		7,384,913	$	7,384,913
Total investments
(cost—$207,714,128)⁹—103.4%				209,503,484
Liabilities in excess of other assets—(3.4)%				(6,889,599	)
Net assets—100.0%			$	202,613,885

Futures contracts

Number of contracts	Currency			Expiration date	Current notional amount		Value		Unrealized appreciation (depreciation)

U.S. Treasury futures buy contracts:
87		USD	U.S. Long Bond Futures	December 2024	$	10,856,872	$	10,263,281	$	(593,591	)
131		USD	U.S. Treasury Note 10 Year Futures	December 2024		14,977,750		14,471,406		(506,344	)
15		USD	U.S. Treasury Note 2 Year Futures	December 2024		3,115,349		3,089,180		(26,169	)
153		USD	Ultra U.S. Treasury Bond Futures	December 2024		20,514,640		19,220,625		(1,294,015	)
233		USD	Ultra U.S. Treasury Note 10 Year Futures	December 2024		27,598,192		26,503,750		(1,094,442	)
Total					$	77,062,803	$	73,548,242	$	(3,514,561	)

PACE Intermediate Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

Number of contracts	Currency		Expiration date	Current notional amount			Value			Unrealized appreciation (depreciation)

U.S. Treasury futures sell contracts:
191	USD	U.S. Treasury Note 5 Year Futures	December 2024		(20,970,791	)		(20,481,765	)	$	489,026
Total				$	(20,970,791	)	$	(20,481,765	)	$	489,026
Net unrealized appreciation (depreciation)										$	(3,025,535	)

Fair valuation summary

Description	Unadjusted quoted prices in active market for identical investments (Level 1)			Other significant observable inputs (Level 2)		Unobservable inputs (Level 3)		Total
Assets
Common stocks	$	2,399,446		$	—	$	—	$	2,399,446
Preferred stocks		2,190,400			—		—		2,190,400
Asset-backed securities		—			47,968,970		—		47,968,970
Corporate bonds		—			86,218,060		—		86,218,060
Loan assignments		—			25,235,900		1,852,681		27,088,581
Mortgage-backed securities		—			22,641,231		—		22,641,231
Municipal bonds		—			877,198		—		877,198
U.S. Treasury obligations		—			7,498,650		—		7,498,650
Short-term investments		—			2,772,451		—		2,772,451
Short-term U.S. treasury obligations		—			2,463,584		—		2,463,584
Investment of cash collateral from securities loaned		—			7,384,913		—		7,384,913
Futures contracts		489,026			—		—		489,026
Total	$	5,078,872		$	203,060,957	$	1,852,681	$	209,992,510

Liabilities
Futures contracts	$	(3,514,561	)	$	—	$	—	$	(3,514,561	)
Total	$	(3,514,561	)	$	—	$	—	$	(3,514,561	)

At October 31, 2024, there were no transfers in or out of Level 3.

Securities valued using unobservable inputs, i.e. Level 3, were not considered significant to the Fund.

Portfolio footnotes

†	Amount represents less than 0.05% or (0.05)%.
1	Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933. These securities are considered liquid, unless noted otherwise, and may be resold in transactions exempt from registrations, normally to qualified institutional buyers. Securities exempt from registration pursuant to Rule 144A, in the amount of $97,720,552, represented 48.2% of the Portfolios net assets at period end.
2	Floating or variable rate securities. The rates disclosed are as of October 31, 2024. For securities based on a published reference rate and spread, the reference rate and spread are indicated within the description. Variable rate securities with a floor or ceiling feature are disclosed at the inherent rate, where applicable. Certain variable rate securities are not based on a published reference rate and spread, but are determined by the issuer or agent and are based on current market conditions; these securities do not indicate a reference rate and spread in the description.
3	Security fair valued by the Valuation Committee under the direction of the Board of Trustees.
4	Significant unobservable inputs were used in the valuation of this security; i.e. Level 3.
5	Security, or portion thereof, was on loan at the period end.
6	Perpetual investment. Date shown reflects the next call date.
7	Position is unsettled. Contract rate was not determined at October 31, 2024 and does not take effect until settlement.
8	Rates shown reflect yield at October 31, 2024.
9	Includes $8,336,578 of investments in securities on loan, at value plus accrued interest and dividends, if any. The Fund includes cash collateral of $7,384,913 and non-cash collateral of $1,145,391.

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Asset-backed securities—16.4%
Accredited Mortgage Loan Trust,
Series 2004-2, Class A1,
1 mo. USD Term SOFR + 0.404%,
5.432%, due 07/25/34²		254,301	$	249,169
Adams Outdoor Advertising LP,
Series 2023-1, Class A2,
6.967%, due 07/15/53³		980,000		1,020,654
Aligned Data Centers Issuer LLC,
Series 2022-1A, Class A2,
6.350%, due 10/15/47³		3,000,000		3,020,973
Ally Bank Auto Credit-Linked Notes,
Series 2024-A, Class D,
6.315%, due 05/17/32³		210,589		212,444
Series 2024-B, Class E,
6.678%, due 09/15/32^3,4		250,000		249,917
Antares CLO Ltd.,
Series 2019-1A, Class BR,
3 mo. USD Term SOFR + 3.350%,
7.967%, due 01/20/36^2,3		2,270,000		2,311,407
Avis Budget Rental Car Funding AESOP LLC,
Series 2023-2A, Class C,
6.180%, due 10/20/27³		135,000		135,126
Series 2023-4A, Class A,
5.490%, due 06/20/29³		2,100,000		2,133,657

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Asset-backed securities—(continued)
Bayview Opportunity Master Fund VII LLC,
Series 2024-EDU1, Class D,
30 day USD SOFR Average + 2.750%,
7.607%, due 06/25/47^2,3		16,821	$	17,010
Series 2024-EDU1, Class C,
30 day USD SOFR Average + 1.800%,
6.657%, due 06/25/47^2,3		38,953		38,953
Beacon Container Finance II LLC,
Series 2021-1A, Class A,
2.250%, due 10/22/46³		93,100		84,073
BHG Securitization Trust,
Series 2022-C, Class B,
5.930%, due 10/17/35³		2,340,000		2,345,746
Blue Stream Issuer LLC,
Series 2024-1A, Class A2,
5.408%, due 11/20/54^3,4		104,000		104,000
BPCRE Ltd.,
Series 2022-FL2, Class A,
1 mo. USD Term SOFR + 2.400%,
7.159%, due 01/16/37^2,3		196,772		195,911

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Asset-backed securities—(continued)
Business Jet Securities LLC,
Series 2024-1A, Class B,
6.924%, due 05/15/39³		92,211	$	93,911
Series 2024-1A, Class A,
6.197%, due 05/15/39³		107,886		109,114
Series 2024-2A, Class A,
5.364%, due 09/15/39³		1,508,750		1,482,701
Capital Automotive REIT,
Series 2024-2A, Class A2,
5.250%, due 05/15/54³		1,452,396		1,440,067
CARS-DB7 LP,
Series 2023-1A, Class A2,
6.500%, due 09/15/53³		1,164,021		1,182,015
CCG Receivables Trust,
Series 2024-1, Class C,
5.220%, due 03/15/32³		100,000		99,268
CHEC Loan Trust,
Series 2004-2, Class M1,
1 mo. USD Term SOFR + 1.074%,
5.812%, due 06/25/34²		185,600		187,394
CLI Funding VIII LLC,
Series 2023-1A, Class A,
6.310%, due 06/18/48³		1,130,103		1,135,309
Cogent Ipv4 LLC,
Series 2024-1A, Class A2,
7.924%, due 05/25/54³		2,360,000		2,422,591

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Asset-backed securities—(continued)
Compass Datacenters Issuer II LLC,
Series 2024-1A, Class B,
7.000%, due 02/25/49³		102,000	$	102,765
Credit Acceptance Auto Loan Trust,
Series 2022-3A, Class C,
8.450%, due 02/15/33³		3,050,000		3,167,827
Crockett Partners Equipment Co. IIA LLC,
Series 2024-1C, Class B,
6.780%, due 01/20/31³		94,752		95,269
Series 2024-1C, Class A,
6.050%, due 01/20/31³		94,752		95,309
CyrusOne Data Centers Issuer I LLC,
Series 2023-1A, Class A2,
4.300%, due 04/20/48³		58,000		55,681
DataBank Issuer LLC,
Series 2023-1A, Class A2,
5.116%, due 02/25/53³		1,285,000		1,255,813
Dell Equipment Finance Trust,
Series 2024-1, Class C,
5.730%, due 03/22/30³		100,000		100,977
Delta Funding Home Equity Loan Trust,
Series 1999-3, Class A1A,
1 mo. USD Term SOFR + 0.934%,
5.738%, due 09/15/29²		23,580		22,816

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Asset-backed securities—(continued)
Edgeconnex Data Centers Issuer LLC,
Series 2024-1, Class A2,
6.000%, due 07/27/54³		1,084,777	$	1,080,097
ELFI Graduate Loan Program LLC,
Series 2024-A, Class A,
5.560%, due 08/25/49³		97,537		98,033
First Franklin Mortgage Loan Trust,
Series 2006-FF13, Class A2D,
1 mo. USD Term SOFR + 0.594%,
5.332%, due 10/25/36²		951,961		623,857
Foundation Finance Trust,
Series 2024-2A, Class D,
6.590%, due 03/15/50³		100,000		100,141
Frontier Issuer LLC,
Series 2023-1, Class A2,
6.600%, due 08/20/53³		139,000		141,676
Series 2024-1, Class B,
7.020%, due 06/20/54³		97,000		99,909
FS Rialto Issuer LLC,
Series 2022-FL4, Class A,
30 day USD SOFR Average + 1.900%,
6.773%, due 01/19/39^2,3		501,784		501,940
GLS Auto Receivables Issuer Trust,
Series 2024-1A, Class D,
5.950%, due 12/17/29³		61,000		61,760

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Asset-backed securities—(continued)
GLS Auto Select Receivables Trust,
Series 2024-4A, Class D,
5.280%, due 10/15/31³		34,000	$	33,378
Series 2024-4A, Class C,
4.750%, due 11/15/30³		33,000		32,432
GoldenTree Loan Management U.S. CLO 4 Ltd.,
Series 2019-4A, Class ARR,
3 mo. USD Term SOFR + 1.150%,
5.785%, due 04/24/31^2,3		371,379		371,650
Golub Capital Partners ABS Funding Ltd.,
Series 2022-1A, Class A2B,
6.580%, due 07/22/30³		2,562,919		2,505,755
Gracie Point International Funding LLC,
Series 2024-1A, Class C,
90 day USD SOFR Average + 3.500%,
8.868%, due 03/01/28^2,3		100,000		100,473
Series 2024-1A, Class A,
90 day USD SOFR Average + 1.700%,
7.068%, due 03/01/28^2,3		108,000		108,340
GSAMP Trust,
Series 2006-HE4, Class A1,
1 mo. USD Term SOFR + 0.394%,
5.132%, due 06/25/36²		460,983		448,285

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Asset-backed securities—(continued)
HGI CRE CLO Ltd.,
Series 2022-FL3, Class A,
30 day USD SOFR Average + 1.700%,
6.693%, due 04/20/37^2,3		707,991	$	707,549
Hilton Grand Vacations Trust,
Series 2022-1D, Class D,
6.790%, due 06/20/34³		48,191		46,867
Series 2022-2A, Class B,
4.740%, due 01/25/37³		50,818		50,150
Series 2024-1B, Class C,
6.620%, due 09/15/39³		50,645		50,816
Series 2024-1B, Class B,
5.990%, due 09/15/39³		21,705		21,724
Series 2024-2A, Class C,
5.990%, due 03/25/38³		114,406		114,801
HPEFS Equipment Trust,
Series 2024-2A, Class D,
5.820%, due 04/20/32³		114,000		115,424
Huntington Bank Auto Credit-Linked Notes,
Series 2024-1, Class B1,
6.153%, due 05/20/32³		213,174		215,365

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Asset-backed securities—(continued)
JP Morgan Mortgage Trust,
Series 2023-HE3, Class M1,
30 day USD SOFR Average + 2.100%,
6.973%, due 05/25/54^2,3		95,000	$	95,707
Series 2024-HE1, Class M2,
30 day USD SOFR Average + 2.400%,
7.290%, due 08/25/54^2,3		36,000		36,268
Series 2024-HE1, Class M1,
30 day USD SOFR Average + 2.000%,
6.890%, due 08/25/54^2,3		47,000		47,233
KREF Ltd.,
Series 2022-FL3, Class A,
1 mo. USD Term SOFR + 1.450%,
6.209%, due 02/17/39^2,3		588,313		586,657
Lendmark Funding Trust,
Series 2024-2A, Class A,
4.470%, due 02/21/34³		1,640,000		1,609,717
LoanCore Issuer Ltd.,
Series 2021-CRE6, Class A,
1 mo. USD Term SOFR + 1.414%,
6.218%, due 11/15/38^2,3		322,307		320,913
M360 Ltd.,
Series 2021-CRE3, Class A,
1 mo. USD Term SOFR + 1.614%,
6.374%, due 11/22/38^2,3		316,703		316,064

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Asset-backed securities—(continued)
MCF CLO 10 Ltd.,
Series 2023-1A, Class C,
3 mo. USD Term SOFR + 4.200%,
8.856%, due 04/15/35^2,3		820,000	$	827,075
MetroNet Infrastructure Issuer LLC,
Series 2022-1A, Class A2,
6.350%, due 10/20/52³		173,643		176,993
MF1 Ltd.,
Series 2022-FL8, Class A,
1 mo. USD Term SOFR + 1.350%,
6.109%, due 02/19/37^2,3		581,198		578,640
Morgan Stanley ABS Capital I, Inc. Trust,
Series 2005-HE1, Class M2,
1 mo. USD Term SOFR + 0.819%,
5.557%, due 12/25/34²		122,828		117,842
MVW LLC,
Series 2022-1A, Class B,
4.400%, due 11/21/39³		87,889		86,143
Series 2023-2A, Class C,
7.060%, due 11/20/40³		81,442		83,088
Series 2024-2A, Class C,
4.920%, due 03/20/42³		100,000		97,947
Series 2024-2A, Class B,
4.580%, due 03/20/42³		125,000		122,343

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Asset-backed securities—(continued)
Navient Private Education Refi Loan Trust,
Series 2021-BA, Class A,
0.940%, due 07/15/69³		40,820	$	36,529
Series 2021-EA, Class A,
0.970%, due 12/16/69³		207,362		181,510
Series 2021-FA, Class A,
1.110%, due 02/18/70³		443,232		387,194
Series 2021-GA, Class A,
1.580%, due 04/15/70³		165,936		146,636
Series 2024-A, Class A,
5.660%, due 10/15/72³		221,999		225,594
New Economy Assets Phase 1 Sponsor LLC,
Series 2021-1, Class A1,
1.910%, due 10/20/61³		1,500,000		1,370,604
NextGear Floorplan Master Owner Trust,
Series 2023-1A, Class A2,
5.740%, due 03/15/28³		2,250,000		2,278,684
NFAS2 LLC,
Series 2022-1, Class B,
7.590%, due 09/15/28³		1,460,000		1,467,312
NMEF Funding LLC,
Series 2022-B, Class A2,
6.070%, due 06/15/29³		1,103,988		1,110,109

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Asset-backed securities—(continued)
OnDeck Asset Securitization Trust IV LLC,
Series 2024-1A, Class A,
6.270%, due 06/17/31³		1,410,000	$	1,424,982
OneMain Financial Issuance Trust,
Series 2022-3A, Class A,
5.940%, due 05/15/34³		2,120,000		2,135,378
Oportun Issuance Trust,
Series 2022-3, Class B,
8.533%, due 01/08/30³		332,330		332,617
Oxford Finance Funding Trust,
Series 2023-1A, Class B,
7.879%, due 02/15/31³		2,560,000		2,523,663
Pagaya AI Debt Trust,
Series 2024-3, Class A,
6.258%, due 10/15/31³		296,427		298,897
Prestige Auto Receivables Trust,
Series 2021-1A, Class D,
2.080%, due 02/15/28³		179,000		171,674
Regional Management Issuance Trust,
Series 2022-2B, Class B,
8.510%, due 11/17/32³		3,140,000		3,187,984
Republic Finance Issuance Trust,
Series 2024-A, Class A,
5.910%, due 08/20/32³		1,920,000		1,929,877

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Asset-backed securities—(continued)
Residential Asset Securities Corporation Trust,
Series 2005-KS11, Class M2,
1 mo. USD Term SOFR + 0.744%,
5.482%, due 12/25/35²		9,747	$	9,734
Retained Vantage Data Centers Issuer LLC,
Series 2023-1A, Class A2A,
5.000%, due 09/15/48³		1,790,000		1,760,283
Santander Drive Auto Receivables Trust,
Series 2022-7, Class C,
6.690%, due 03/17/31		3,000,000		3,084,933
Series 2023-5, Class A2,
6.310%, due 07/15/27		185,236		185,713
Series 2024-1, Class C,
5.450%, due 03/15/30		50,000		50,329
Saxon Asset Securities Trust,
Series 2004-1, Class M1,
1 mo. USD Term SOFR + 0.909%,
2.055%, due 03/25/35²		50,824		45,154
Series 2006-1, Class M1,
1 mo. USD Term SOFR + 0.579%,
5.317%, due 03/25/36²		656,597		630,633

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Asset-backed securities—(continued)
SFS Auto Receivables Securitization Trust,
Series 2024-1A, Class C,
5.510%, due 01/20/32³		68,000	$	68,713
Series 2024-1A, Class A2,
5.350%, due 06/21/27³		298,740		299,329
Sierra Timeshare Receivables Funding LLC,
Series 2021-2A, Class C,
1.950%, due 09/20/38³		43,762		41,685
Series 2021-2A, Class B,
1.800%, due 09/20/38³		18,543		17,756
Series 2022-2A, Class B,
5.040%, due 06/20/40³		82,730		81,746
Series 2023-2A, Class C,
7.300%, due 04/20/40³		65,947		66,885
Series 2023-3A, Class C,
7.120%, due 09/20/40³		75,702		76,944
Series 2024-1A, Class C,
5.940%, due 01/20/43³		76,966		76,612
Series 2024-2A, Class C,
5.830%, due 06/20/41³		99,556		98,508
Series 2024-3A, Class C,
5.320%, due 08/20/41³		210,000		208,685
SoFi Professional Loan Program LLC,
Series 2019-C, Class BFX,
3.050%, due 11/16/48³		158,000		135,855

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Asset-backed securities—(continued)
Sotheby's Artfi Master Trust,
Series 2024-1A, Class A1,
6.430%, due 12/22/31³		171,000	$	172,874
Stack Infrastructure Issuer LLC,
Series 2023-1A, Class A2,
5.900%, due 03/25/48³		950,000		955,980
Series 2023-3A, Class A2,
5.900%, due 10/25/48³		124,000		125,016
Store Master Funding I-VII XIV XIX XX,
Series 2021-1A, Class A1,
2.120%, due 06/20/51³		1,347,167		1,193,796
Structured Asset Securities Corp.,
Series 2005-WF1, Class M1,
1 mo. USD Term SOFR + 0.774%,
5.512%, due 02/25/35²		268		466
Structured Asset Securities Corp. Mortgage Pass-Through Certificates,
Series 2001-SB1, Class A2,
3.375%, due 08/25/31		15,067		15,004
Subway Funding LLC,
Series 2024-1A, Class A2I,
6.028%, due 07/30/54³		100,000		100,714
TAL Advantage VII LLC,
Series 2020-1A, Class A,
2.050%, due 09/20/45³		57,125		52,885

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Asset-backed securities—(continued)
TierPoint Issuer LLC,
Series 2023-1A, Class A2,
6.000%, due 06/25/53³		1,020,000	$	1,022,483
TIF Funding III LLC,
Series 2024-1A, Class C,
6.310%, due 04/20/49³		95,625		94,578
Series 2024-1A, Class B,
5.580%, due 04/20/49³		104,231		103,521
Towd Point Mortgage Trust,
Series 2024-CES1, Class A1B,
6.049%, due 01/25/64^2,3		85,782		85,412
Series 2024-CES1, Class A1A,
5.848%, due 01/25/64^2,3		124,385		124,297
Series 2024-CES2, Class A1A,
6.125%, due 02/25/64^2,3		196,802		197,196
Trafigura Securitisation Finance PLC,
Series 2024-1A, Class B,
7.290%, due 11/15/27³		200,000		200,011
U.S. Bank NA,
Series 2023-1, Class B,
6.789%, due 08/25/32³		149,831		151,616
U.S. Small Business Administration,
Series 2005-20H, Class 1,
5.110%, due 08/01/25		11,712		11,673
Series 2007-20D, Class 1,
5.320%, due 04/01/27		81,413		80,566

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Asset-backed securities—(continued)
Vantage Data Centers Issuer LLC,
Series 2023-1A, Class A2,
6.316%, due 03/16/48³		1,370,000	$	1,383,245
VMC Finance LLC,
Series 2022-FL5, Class A,
30 day USD SOFR Average + 1.900%,
6.790%, due 02/18/39^2,3		430,008		429,053
Willis Engine Structured Trust VII,
Series 2023-A, Class A,
8.000%, due 10/15/48³		702,658		736,597
Ziply Fiber Issuer LLC,
Series 2024-1A, Class B,
7.810%, due 04/20/54³		155,000		159,440
Total asset-backed securities (cost—$70,287,610)				71,446,083

Corporate bonds—45.5%
Aerospace & defense: 0.6%
Boeing Co.
2.196%, due 02/04/26		100,000		96,304
2.700%, due 02/01/27		100,000		94,396
2.750%, due 02/01/26		300,000		290,864
3.450%, due 11/01/28		200,000		185,153
5.930%, due 05/01/60		100,000		93,209
L3Harris Technologies, Inc.
5.400%, due 07/31/33		110,000		111,602
Rolls-Royce PLC
5.750%, due 10/15/27³		200,000		204,043

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Aerospace & defense—(continued)
RTX Corp.
5.750%, due 11/08/26		100,000	$	102,127
TransDigm, Inc.
6.375%, due 03/01/29³		55,000		55,827
6.625%, due 03/01/32³		35,000		35,593
6.750%, due 08/15/28³		560,000		572,018
6.875%, due 12/15/30³		530,000		543,292
				2,384,428
Agriculture: 0.4%
BAT Capital Corp.
6.343%, due 08/02/30		200,000		211,051
Cargill, Inc.
5.125%, due 10/11/32³		1,085,000		1,105,280
Imperial Brands Finance PLC
3.500%, due 07/26/26³		200,000		194,925
5.875%, due 07/01/34³		200,000		201,780
				1,713,036
Airlines: 0.1%
American Airlines Pass-Through Trust
Series 2016-2, Class AA,
3.200%, due 06/15/28		195,600		184,144
Series 2015-2, Class AA,
3.600%, due 09/22/27		179,194		172,367
JetBlue Pass-Through Trust
Series 2019-1, Class A,
2.950%, due 05/15/28		237,816		213,182
Spirit Airlines Pass-Through Trust
Series 2015-1A,
4.100%, due 04/01/28		51,495		47,679
				617,372

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Apparel: 0.1%
Birkenstock Financing SARL
5.250%, due 04/30/29⁵	EUR	100,000	$	111,087
Tapestry, Inc.
7.700%, due 11/27/30		100,000		102,070
				213,157
Auto manufacturers: 0.6%
American Honda Finance Corp.
1 day USD SOFR Index + 0.670%,
5.514%, due 01/10/25²		200,000		200,169
Daimler Truck Finance North America LLC
2.000%, due 12/14/26³		200,000		189,146
Ford Motor Credit Co. LLC
3.375%, due 11/13/25		200,000		196,172
5.800%, due 03/05/27		200,000		201,762
Hyundai Capital America
5.250%, due 01/08/27³		200,000		201,477
5.875%, due 04/07/25³		200,000		200,601
5.950%, due 09/21/26³		100,000		101,833
Jaguar Land Rover Automotive PLC
4.500%, due 07/15/28⁵	EUR	100,000		109,341
Nissan Motor Acceptance Co. LLC
2.000%, due 03/09/26³		100,000		95,085
2.750%, due 03/09/28³		200,000		179,936
Nissan Motor Co. Ltd.
3.522%, due 09/17/25³		200,000		196,217
4.810%, due 09/17/30³		200,000		184,751

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Auto manufacturers—(continued)
Volkswagen Bank GmbH
2.500%, due 07/31/26⁵	EUR	700,000	$	749,394
				2,805,884
Auto parts & equipment: 0.0%†
Adient Global Holdings Ltd.
8.250%, due 04/15/31^3,6		105,000		108,772
ZF Europe Finance BV
3.000%, due 10/23/29^5,6	EUR	100,000		97,082
				205,854
Banks: 13.6%
ABN AMRO Bank NV
(fixed, converts to FRN on 10/13/25),
6.575%, due 10/13/26^2,3		200,000		202,364
ASB Bank Ltd.
(fixed, converts to FRN on 06/17/27),
5.284%, due 06/17/32^2,3		1,700,000		1,692,494
5.398%, due 11/29/27³		1,680,000		1,714,807
Australia & New Zealand Banking Group Ltd.
5.671%, due 10/03/25		250,000		252,701
Banco Santander SA
4.379%, due 04/12/28		200,000		195,955
5.147%, due 08/18/25		200,000		200,328
Bangkok Bank PCL
5.650%, due 07/05/34³		25,000		25,570

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Banks—(continued)
Bank of America Corp.
(fixed, converts to FRN on 04/29/30),
2.592%, due 04/29/31²		200,000	$	176,723
(fixed, converts to FRN on 02/04/32),
2.972%, due 02/04/33²		270,000		234,236
(fixed, converts to FRN on 04/24/27),
3.705%, due 04/24/28²		100,000		97,441
(fixed, converts to FRN on 01/20/27),
3.824%, due 01/20/28²		200,000		195,936
Series MM,
(fixed, converts to FRN on 01/28/25),
4.300%, due 01/28/25^2,6,7		20,000		19,846
Series RR,
(fixed, converts to FRN on 01/27/27),
4.375%, due 01/27/27^2,6,7		200,000		192,640
(fixed, converts to FRN on 04/27/27),
4.376%, due 04/27/28²		250,000		247,519
(fixed, converts to FRN on 07/22/27),
4.948%, due 07/22/28²		90,000		90,360
(fixed, converts to FRN on 01/20/26),
5.080%, due 01/20/27²		200,000		200,516
(fixed, converts to FRN on 01/23/34),
5.468%, due 01/23/35²		130,000		131,932
(fixed, converts to FRN on 09/15/28),
5.819%, due 09/15/29²		200,000		206,440
Series AA,
(fixed, converts to FRN on 03/17/25),
6.100%, due 03/17/25^2,7		140,000		139,818

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Banks—(continued)
Bank of Montreal
5.300%, due 06/05/26		105,000	$	106,146
Bank of New York Mellon Corp.
(fixed, converts to FRN on 02/07/27),
3.442%, due 02/07/28²		1,760,000		1,712,721
Series I,
(fixed, converts to FRN on 12/20/26),
3.750%, due 12/20/26^2,7		170,000		160,391
(fixed, converts to FRN on 03/14/29),
4.975%, due 03/14/30²		200,000		201,449
Bank of New Zealand
4.846%, due 02/07/28³		1,390,000		1,393,277
Bank of Nova Scotia
5.350%, due 12/07/26		170,000		172,694
Banque Federative du Credit Mutuel SA
4.753%, due 07/13/27³		200,000		199,878
5.896%, due 07/13/26³		200,000		203,787
Barclays PLC
4.836%, due 05/09/28		270,000		266,589
(fixed, converts to FRN on 05/16/28),
4.972%, due 05/16/29²		200,000		199,068
(fixed, converts to FRN on 11/02/32),
7.437%, due 11/02/33²		400,000		448,831
(fixed, converts to FRN on 09/15/29),
8.000%, due 03/15/29^2,7		200,000		206,722

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Banks—(continued)
BNP Paribas SA
3.375%, due 01/09/25³		200,000	$	199,319
(fixed, converts to FRN on 01/12/27),
4.625%, due 01/12/27^2,3,7		200,000		186,877
(fixed, converts to FRN on 05/20/29),
5.497%, due 05/20/30^2,3		200,000		202,817
BPCE SA
(fixed, converts to FRN on 10/19/28),
6.714%, due 10/19/29^2,3		250,000		262,899
CaixaBank SA
(fixed, converts to FRN on 03/15/29),
5.673%, due 03/15/30^2,3		200,000		203,267
Citibank NA
5.864%, due 09/29/25		100,000		101,082
Citigroup, Inc.
Series X,
(fixed, converts to FRN on 02/18/26),
3.875%, due 02/18/26^2,7		128,000		123,707
(fixed, converts to FRN on 01/10/27),
3.887%, due 01/10/28²		430,000		421,505
Citizens Financial Group, Inc.
Series B,
3 mo. USD Term SOFR + 3.265%,
7.854%, due 01/06/25^2,7		60,000		59,669
Series C,
3 mo. USD Term SOFR + 3.419%,
8.008%, due 01/06/25^2,7		80,000		79,510

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Banks—(continued)
Comerica Bank
4.000%, due 07/27/25		1,020,000	$	1,009,794
(fixed, converts to FRN on 08/25/32),
5.332%, due 08/25/33^2,6		1,690,000		1,594,262
Danske Bank AS
(fixed, converts to FRN on 03/01/29),
5.705%, due 03/01/30^2,3		200,000		204,062
Deutsche Bank AG
(fixed, converts to FRN on 11/26/24),
3.961%, due 11/26/25²		200,000		199,737
(fixed, converts to FRN on 09/11/34),
5.403%, due 09/11/35²		150,000		145,628
(fixed, converts to FRN on 02/08/27),
5.706%, due 02/08/28²		200,000		202,112
(fixed, converts to FRN on 11/20/28),
6.819%, due 11/20/29²		200,000		210,822

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Banks—(continued)
Fifth Third Bancorp
(fixed, converts to FRN on 11/01/26),
1.707%, due 11/01/27²		40,000	$	37,650
(fixed, converts to FRN on 04/25/32),
4.337%, due 04/25/33²		105,000		98,266
(fixed, converts to FRN on 07/28/29),
4.772%, due 07/28/30²		35,000		34,453
(fixed, converts to FRN on 10/27/27),
6.361%, due 10/27/28²		2,430,000		2,519,875
Series H,
3 mo. USD Term SOFR + 3.295%,
7.898%, due 12/01/24^2,7		115,000		114,535
Goldman Sachs Bank USA
1 day USD SOFR + 0.770%,
5.642%, due 03/18/27²		200,000		200,268
1 day USD SOFR + 0.750%,
5.782%, due 05/21/27²		250,000		250,172

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Banks—(continued)
Goldman Sachs Group, Inc.
(fixed, converts to FRN on 10/21/26),
1.948%, due 10/21/27²		100,000	$	94,547
(fixed, converts to FRN on 04/22/31),
2.615%, due 04/22/32²		245,000		210,913
3.500%, due 04/01/25		100,000		99,429
Series U,
(fixed, converts to FRN on 08/10/26),
3.650%, due 08/10/26^2,7		45,000		42,830
Series T,
(fixed, converts to FRN on 05/10/26),
3.800%, due 05/10/26^2,7		20,000		19,151
Series V,
(fixed, converts to FRN on 11/10/26),
4.125%, due 11/10/26^2,7		50,000		47,878
Series Y,
(fixed, converts to FRN on 11/10/34),
6.125%, due 11/10/34^2,7		70,000		69,430
3 mo. USD Term SOFR + 2.012%,
6.629%, due 10/28/27²		200,000		204,820
Series X,
(fixed, converts to FRN on 05/10/29),
7.500%, due 05/10/29^2,7		125,000		131,069
Grupo Aval Ltd.
4.375%, due 02/04/30³		70,000		61,207

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Banks—(continued)
HSBC Holdings PLC
(fixed, converts to FRN on 06/04/30),
2.848%, due 06/04/31²		2,000,000	$	1,773,293
(fixed, converts to FRN on 09/09/31),
4.700%, due 03/09/31^2,7		200,000		177,784
(fixed, converts to FRN on 08/11/32),
5.402%, due 08/11/33²		200,000		201,587
(fixed, converts to FRN on 03/09/33),
6.254%, due 03/09/34²		600,000		635,766
(fixed, converts to FRN on 11/03/27),
7.390%, due 11/03/28²		1,205,000		1,283,693
Huntington Bancshares, Inc.
(fixed, converts to FRN on 08/04/27),
4.443%, due 08/04/28²		830,000		820,257
Series G,
(fixed, converts to FRN on 10/15/27),
4.450%, due 10/15/27^2,6,7		50,000		47,804
Series F,
(fixed, converts to FRN on 07/15/30),
5.625%, due 07/15/30^2,6,7		19,000		18,922
(fixed, converts to FRN on 02/02/34),
5.709%, due 02/02/35²		85,000		85,979
Huntington National Bank
5.650%, due 01/10/30		1,645,000		1,680,159

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Banks—(continued)
ING Groep NV
(fixed, converts to FRN on 03/28/25),
3.869%, due 03/28/26²		1,800,000	$	1,789,891
(fixed, converts to FRN on 11/16/27),
3.875%, due 05/16/27^2,7		227,000		201,656
(fixed, converts to FRN on 03/19/29),
5.335%, due 03/19/30²		200,000		202,533
(fixed, converts to FRN on 11/16/26),
5.750%, due 11/16/26^2,6,7		200,000		197,735
1 day USD SOFR Index + 1.560%,
6.472%, due 09/11/27²		200,000		202,928
Intesa Sanpaolo SpA
Series XR,
4.000%, due 09/23/29³		200,000		188,590
7.200%, due 11/28/33³		200,000		220,617

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Banks—(continued)
JPMorgan Chase & Co.
(fixed, converts to FRN on 09/22/26),
1.470%, due 09/22/27²		200,000	$	188,135
(fixed, converts to FRN on 06/01/27),
2.182%, due 06/01/28²		250,000		234,147
(fixed, converts to FRN on 02/24/27),
2.947%, due 02/24/28²		200,000		192,003
(fixed, converts to FRN on 04/22/51),
3.328%, due 04/22/52²		105,000		75,981
(fixed, converts to FRN on 01/23/28),
3.509%, due 01/23/29²		200,000		192,215
(fixed, converts to FRN on 01/29/26),
3.960%, due 01/29/27²		100,000		98,982
Series HH,
(fixed, converts to FRN on 02/01/25),
4.600%, due 02/01/25^2,7		16,000		15,923
(fixed, converts to FRN on 07/24/28),
5.299%, due 07/24/29²		200,000		202,969
(fixed, converts to FRN on 10/22/26),
6.070%, due 10/22/27²		200,000		205,115
Series CC,
3 mo. USD Term SOFR + 2.842%,
7.413%, due 02/01/25^2,7		45,000		45,402
KeyBank NA
5.850%, due 11/15/27⁶		1,435,000		1,469,944
Lloyds Bank PLC
7.500%, due 04/02/32^2,5		800,000		531,025

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Banks—(continued)
Lloyds Banking Group PLC
(fixed, converts to FRN on 03/18/27),
3.750%, due 03/18/28²		1,785,000	$	1,738,431
(fixed, converts to FRN on 11/15/32),
7.953%, due 11/15/33²		810,000		918,920
(fixed, converts to FRN on 03/27/30),
8.000%, due 09/27/29^2,7		200,000		208,432
M&T Bank Corp.
Series I,
(fixed, converts to FRN on 09/01/26),
3.500%, due 09/01/26^2,7		190,000		172,864
(fixed, converts to FRN on 03/13/31),
6.082%, due 03/13/32²		45,000		46,508
Series G,
(fixed, converts to FRN on 08/01/29),
7.014%, due 02/01/25^2,7		56,000		55,768
Mitsubishi UFJ Financial Group, Inc.
2.193%, due 02/25/25		200,000		198,332
Mizuho Financial Group, Inc.
(fixed, converts to FRN on 05/22/29),
3.261%, due 05/22/30²		200,000		186,546
(fixed, converts to FRN on 07/10/29),
5.382%, due 07/10/30²		200,000		203,379

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Banks—(continued)
Morgan Stanley
3.591%, due 07/22/28²		300,000	$	290,793
(fixed, converts to FRN on 03/21/29),
3.790%, due 03/21/30²	EUR	100,000		110,468
(fixed, converts to FRN on 02/01/28),
5.123%, due 02/01/29²		200,000		201,608
(fixed, converts to FRN on 07/20/28),
5.449%, due 07/20/29²		200,000		203,861
(fixed, converts to FRN on 01/18/34),
5.466%, due 01/18/35²		45,000		45,587
(fixed, converts to FRN on 04/19/34),
5.831%, due 04/19/35²		70,000		72,752
(fixed, converts to FRN on 10/18/32),
6.342%, due 10/18/33²		1,380,000		1,485,215
Morgan Stanley Bank NA
(fixed, converts to FRN on 05/26/27),
5.504%, due 05/26/28²		250,000		254,337
1 day USD SOFR + 1.080%,
5.923%, due 01/14/28²		250,000		252,047

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Banks—(continued)
NatWest Group PLC
(fixed, converts to FRN on 11/28/30),
3.032%, due 11/28/35²		550,000	$	476,981
(fixed, converts to FRN on 05/22/27),
3.073%, due 05/22/28²		200,000		191,380
(fixed, converts to FRN on 03/02/33),
6.016%, due 03/02/34²		200,000		209,086
1 day USD SOFR + 1.300%,
6.367%, due 11/15/28²		1,220,000		1,229,679
(fixed, converts to FRN on 11/10/25),
7.472%, due 11/10/26²		1,370,000		1,402,685
Nordea Bank Abp
1.500%, due 09/30/26³		200,000		188,489
PNC Financial Services Group, Inc.
Series T,
(fixed, converts to FRN on 09/15/26),
3.400%, due 09/15/26^2,7		304,000		280,211
Series S,
(fixed, converts to FRN on 11/01/26),
5.000%, due 11/01/26^2,7		22,000		21,730
Series W,
(fixed, converts to FRN on 03/15/30),
6.250%, due 03/15/30^2,6,7		75,000		75,082
(fixed, converts to FRN on 10/20/33),
6.875%, due 10/20/34²		85,000		94,464
Royal Bank of Canada
4.950%, due 04/25/25		140,000		140,181

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Banks—(continued)
Santander Holdings USA, Inc.
(fixed, converts to FRN on 01/06/27),
2.490%, due 01/06/28²		1,200,000	$	1,131,433
(fixed, converts to FRN on 09/09/25),
5.807%, due 09/09/26^2,6		1,140,000		1,143,959
(fixed, converts to FRN on 03/09/28),
6.499%, due 03/09/29²		1,145,000		1,180,048
Santander U.K. Group Holdings PLC
(fixed, converts to FRN on 01/10/28),
6.534%, due 01/10/29²		100,000		103,977
(fixed, converts to FRN on 11/21/25),
6.833%, due 11/21/26²		400,000		406,444
Skandinaviska Enskilda Banken AB
(fixed, converts to FRN on 05/13/25),
5.125%, due 05/13/25^2,5,7		200,000		198,500
5.375%, due 03/05/29³		885,000		899,827
Societe Generale SA
(fixed, converts to FRN on 01/10/33),
6.691%, due 01/10/34^2,3		300,000		316,324
Standard Chartered PLC
(fixed, converts to FRN on 07/06/26),
6.187%, due 07/06/27^2,3,6		100,000		101,749

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Banks—(continued)
State Street Corp.
(fixed, converts to FRN on 02/06/25),
1.746%, due 02/06/26²		115,000	$	113,907
(fixed, converts to FRN on 03/30/25),
2.901%, due 03/30/26²		80,000		79,289
(fixed, converts to FRN on 11/04/27),
5.820%, due 11/04/28²		740,000		762,199
Sumitomo Mitsui Financial Group, Inc.
1.902%, due 09/17/28		200,000		179,574
2.632%, due 07/14/26		145,000		140,292
3.010%, due 10/19/26		50,000		48,482
5.316%, due 07/09/29⁶		200,000		204,126
Svenska Handelsbanken AB
5.250%, due 06/15/26³		250,000		253,002
Toronto-Dominion Bank
3.766%, due 06/06/25		100,000		99,401
5.532%, due 07/17/26		85,000		86,149

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Banks—(continued)
Truist Financial Corp.
(fixed, converts to FRN on 06/06/27),
4.123%, due 06/06/28²		1,720,000	$	1,690,693
Series Q,
(fixed, converts to FRN on 09/01/30),
5.100%, due 03/01/30^2,7		15,000		14,560
(fixed, converts to FRN on 01/26/33),
5.122%, due 01/26/34²		200,000		196,004
(fixed, converts to FRN on 06/08/33),
5.867%, due 06/08/34²		170,000		174,812
(fixed, converts to FRN on 10/28/32),
6.123%, due 10/28/33²		770,000		806,607
Series N,
(fixed, converts to FRN on 09/01/29),
6.669%, due 03/01/25^2,7		110,000		109,413
Series L,
3 mo. USD Term SOFR + 3.364%,
8.310%, due 12/15/24^2,6,7		73,000		73,040
U.S. Bancorp
Series N,
(fixed, converts to FRN on 01/15/27),
3.700%, due 01/15/27^2,6,7		310,000		290,550
(fixed, converts to FRN on 02/01/33),
4.839%, due 02/01/34²		200,000		193,583

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Banks—(continued)
Wells Fargo & Co.
(fixed, converts to FRN on 06/17/26),
3.196%, due 06/17/27²		200,000	$	195,015
(fixed, converts to FRN on 03/02/32),
3.350%, due 03/02/33²		1,915,000		1,701,546
Series BB,
(fixed, converts to FRN on 03/15/26),
3.900%, due 03/15/26^2,7		60,000		58,109
(fixed, converts to FRN on 07/25/28),
5.574%, due 07/25/29²		200,000		204,241
(fixed, converts to FRN on 10/23/33),
6.491%, due 10/23/34²		130,000		140,469
(fixed, converts to FRN on 09/15/28),
7.625%, due 09/15/28^2,6,7		50,000		53,740
Wells Fargo Bank NA
5.450%, due 08/07/26		100,000		101,494
5.550%, due 08/01/25		100,000		100,596
Westpac Banking Corp.
5.512%, due 11/17/25		145,000		146,577
				58,969,323
Beverages: 0.1%
Constellation Brands, Inc.
4.800%, due 01/15/29		100,000		99,936
JDE Peet's NV
4.500%, due 01/23/34⁵	EUR	200,000		227,084
				327,020
Biotechnology: 0.1%
Amgen, Inc.
5.750%, due 03/02/63		240,000		240,347

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Biotechnology—(continued)
Regeneron Pharmaceuticals, Inc.
1.750%, due 09/15/30		300,000	$	251,982
				492,329
Building Materials: 0.1%
EMRLD Borrower LP/Emerald Co-Issuer, Inc.
6.625%, due 12/15/30³		245,000		249,171

Chemicals: 0.1%
International Flavors & Fragrances, Inc.
2.300%, due 11/01/30³		200,000		171,294
Olympus Water U.S. Holding Corp.
4.250%, due 10/01/28^3,6		65,000		61,178
9.750%, due 11/15/28³		165,000		175,050
Sociedad Quimica y Minera de Chile SA
5.500%, due 09/10/34³		20,000		19,210
				426,732
Commercial services: 0.9%
Ashtead Capital, Inc.
5.500%, due 08/11/32³		1,700,000		1,694,840
Avis Budget Car Rental LLC/Avis Budget Finance, Inc.
8.250%, due 01/15/30^3,6		805,000		822,405
Block, Inc.
6.500%, due 05/15/32³		200,000		203,553
Boost Newco Borrower LLC
7.500%, due 01/15/31³		235,000		247,742
CoStar Group, Inc.
2.800%, due 07/15/30³		200,000		174,429

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Commercial services—(continued)
Duke University
Series 2020,
2.682%, due 10/01/44		300,000	$	218,012
Emory University
Series 2020,
2.143%, due 09/01/30		200,000		173,660
Equifax, Inc.
4.800%, due 09/15/29		200,000		198,318
HealthEquity, Inc.
4.500%, due 10/01/29³		275,000		262,078
Verisure Midholding AB
5.250%, due 02/15/29⁵	EUR	100,000		108,570
				4,103,607
Computers: 0.0%†
Hewlett Packard Enterprise Co.
5.000%, due 10/15/34		65,000		63,076

Construction materials: 0.0%†
Cemex SAB de CV
(fixed, converts to FRN on 06/14/28),
9.125%, due 03/14/28^2,3,7		45,000		47,939

Diversified financial services: 2.3%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust
4.450%, due 04/03/26		200,000		198,536
5.100%, due 01/19/29		50,000		50,129
Ally Financial, Inc.
2.200%, due 11/02/28		200,000		177,722
Series C,
(fixed, converts to FRN on 05/15/28),
4.700%, due 05/15/28^2,7		104,000		84,379
(fixed, converts to FRN on 01/03/29),
6.848%, due 01/03/30²		1,285,000		1,335,563

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Diversified financial services—(continued)
American Express Co.
Series D,
(fixed, converts to FRN on 09/15/26),
3.550%, due 09/15/26^2,7		140,000	$	132,517
(fixed, converts to FRN on 04/23/26),
5.645%, due 04/23/27²		200,000		202,512
(fixed, converts to FRN on 10/30/25),
6.338%, due 10/30/26²		200,000		202,794
Aviation Capital Group LLC
5.375%, due 07/15/29³		200,000		201,175
6.250%, due 04/15/28³		200,000		206,430
Avolon Holdings Funding Ltd.
5.750%, due 03/01/29³		200,000		202,584
Bread Financial Holdings, Inc.
9.750%, due 03/15/29³		1,805,000		1,906,510
Brightsphere Investment Group, Inc.
4.800%, due 07/27/26		755,000		738,690
Capital One Financial Corp.
(fixed, converts to FRN on 05/10/27),
4.927%, due 05/10/28²		1,700,000		1,702,822
(fixed, converts to FRN on 02/01/29),
5.700%, due 02/01/30^2,6		125,000		127,444

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Diversified financial services—(continued)
Charles Schwab Corp.
Series I,
(fixed, converts to FRN on 06/01/26),
4.000%, due 06/01/26^2,7		132,000	$	126,680
Series H,
(fixed, converts to FRN on 12/01/30),
4.000%, due 12/01/30^2,7		256,000		223,032
Series K,
(fixed, converts to FRN on 06/01/27),
5.000%, due 06/01/27^2,6,7		55,000		53,581
Series G,
(fixed, converts to FRN on 06/01/25),
5.375%, due 06/01/25^2,7		15,000		14,922
Lazard Group LLC
4.375%, due 03/11/29		100,000		97,635
Lehman Brothers Holdings, Inc.
0.000%, due 01/24/13⁸		4,500,000		3,150
0.000%, due 12/30/13⁸		1,900,000		1,330
0.000%, due 12/30/49⁸		900,000		630
Navient Corp.
5.500%, due 03/15/29		25,000		23,815
Series A,
5.625%, due 01/25/25		100,000		98,824
Nomura Holdings, Inc.
1 day USD SOFR + 1.250%,
6.106%, due 07/02/27²		200,000		201,532
Oxford Finance LLC/Oxford Finance Co-Issuer II, Inc.
6.375%, due 02/01/27³		1,660,000		1,635,208

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Diversified financial services—(continued)
XP, Inc.
6.750%, due 07/02/29³		35,000	$	35,131
				9,985,277
Electric: 5.8%
Adani Electricity Mumbai Ltd.
3.949%, due 02/12/30³		262,000		230,560
AES Corp.
2.450%, due 01/15/31⁶		200,000		168,223
Alexander Funding Trust II
7.467%, due 07/31/28³		1,475,000		1,562,279
Algonquin Power & Utilities Corp.
5.365%, due 06/15/26		200,000		201,116
Alliant Energy Finance LLC
5.950%, due 03/30/29³		100,000		103,491
Alpha Generation LLC
6.750%, due 10/15/32³		150,000		152,107
Ameren Corp.
5.000%, due 01/15/29		200,000		201,015
American Electric Power Co., Inc.
5.950%, due 11/01/32		195,000		205,103
(fixed, converts to FRN on 12/15/29),
7.050%, due 12/15/54²		135,000		139,738
Appalachian Power Co.
Series AA,
2.700%, due 04/01/31		200,000		174,451
Atlantica Sustainable Infrastructure PLC
4.125%, due 06/15/28³		1,495,000		1,425,625

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Electric—(continued)
AusNet Services Holdings Pty. Ltd.
(fixed, converts to FRN on 09/11/26),
1.625%, due 03/11/81^2,5	EUR	100,000	$	104,315
Avangrid, Inc.
3.800%, due 06/01/29		200,000		190,988
Black Hills Corp.
2.500%, due 06/15/30		200,000		174,494
Calpine Corp.
3.750%, due 03/01/31³		55,000		49,563
4.625%, due 02/01/29³		318,000		301,541
5.000%, due 02/01/31³		319,000		301,053
5.125%, due 03/15/28³		35,000		34,207
CenterPoint Energy Houston Electric LLC
5.200%, due 10/01/28⁶		200,000		203,781
CenterPoint Energy, Inc.
(fixed, converts to FRN on 05/15/30),
6.700%, due 05/15/55²		80,000		79,819
Constellation Energy Generation LLC
6.125%, due 01/15/34		200,000		213,429
6.500%, due 10/01/53		50,000		55,014

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Electric—(continued)
Dominion Energy, Inc.
Series C,
2.250%, due 08/15/31		200,000	$	168,404
Series C,
(fixed, converts to FRN on 04/15/27),
4.350%, due 01/15/27^2,7		60,000		58,254
5.375%, due 11/15/32		270,000		274,567
Series B,
(fixed, converts to FRN on 06/01/34),
7.000%, due 06/01/54²		155,000		164,920
DTE Energy Co.
5.100%, due 03/01/29		300,000		302,346
Duke Energy Corp.
(fixed, converts to FRN on 09/01/34),
6.450%, due 09/01/54²		70,000		71,146
Duke Energy Florida LLC
5.950%, due 11/15/52		1,175,000		1,240,561
Duke Energy Progress LLC
2.000%, due 08/15/31		1,200,000		1,005,934
Edison International
Series B,
(fixed, converts to FRN on 03/15/27),
5.000%, due 12/15/26^2,7		235,000		228,724
Series A,
(fixed, converts to FRN on 03/15/26),
5.375%, due 03/15/26^2,7		1,810,000		1,791,978
5.450%, due 06/15/29		200,000		203,374

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Electric—(continued)
Electricite de France SA
(fixed, converts to FRN on 09/17/35),
7.375%, due 06/17/35^2,5,7	GBP	100,000	$	131,846
(fixed, converts to FRN on 12/06/28),
7.500%, due 09/06/28^2,5,7	EUR	200,000		238,478
Elia Group SA
(fixed, converts to FRN on 06/15/28),
5.850%, due 03/15/28^2,5,7		100,000		114,241
Enel Finance America LLC
7.100%, due 10/14/27³		500,000		529,919
EPH Financing International AS
6.651%, due 11/13/28⁵	EUR	200,000		233,318
Eversource Energy
5.950%, due 02/01/29		100,000		103,846
Exelon Corp.
2.750%, due 03/15/27		200,000		191,423
5.150%, due 03/15/29		200,000		202,732
Georgia Power Co.
5.004%, due 02/23/27		200,000		202,208
1 day USD SOFR Index + 0.750%,
5.857%, due 05/08/25²		200,000		200,600
IPALCO Enterprises, Inc.
4.250%, due 05/01/30		200,000		189,153
Lightning Power LLC
7.250%, due 08/15/32³		95,000		98,832
MidAmerican Energy Co.
3.650%, due 04/15/29		1,400,000		1,342,943

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Electric—(continued)
Monongahela Power Co.
3.550%, due 05/15/27^3,6		1,800,000	$	1,744,664
National Rural Utilities Cooperative Finance Corp.
4.800%, due 03/15/28		100,000		100,681
New York State Electric & Gas Corp.
2.150%, due 10/01/31^3,6		1,400,000		1,148,042
NextEra Energy Capital Holdings, Inc.
3.550%, due 05/01/27		300,000		292,531
5.749%, due 09/01/25		165,000		166,182
Niagara Mohawk Power Corp.
4.278%, due 12/15/28³		300,000		291,391
NRG Energy, Inc.
3.625%, due 02/15/31³		60,000		53,121
3.875%, due 02/15/32³		3,000		2,664
5.250%, due 06/15/29³		60,000		58,632
6.000%, due 02/01/33³		25,000		24,862
(fixed, converts to FRN on 03/15/28),
10.250%, due 03/15/28^2,3,7		320,000		353,151
Orsted AS
(fixed, converts to FRN on 12/08/28),
5.250%, due 09/08/28^2,5	EUR	200,000		224,392

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Electric—(continued)
Pacific Gas & Electric Co.
3.150%, due 01/01/26		100,000	$	97,802
4.300%, due 03/15/45		425,000		343,873
4.950%, due 07/01/50		52,830		46,330
5.550%, due 05/15/29		200,000		203,806
6.400%, due 06/15/33		200,000		212,842
6.950%, due 03/15/34		100,000		110,895
PacifiCorp
2.700%, due 09/15/30		100,000		88,403
5.100%, due 02/15/29		200,000		202,440
Pinnacle West Capital Corp.
1 day USD SOFR + 0.820%,
5.750%, due 06/10/26²		200,000		200,752
Sempra
(fixed, converts to FRN on 10/01/34),
6.400%, due 10/01/54²		70,000		69,754
Southern California Edison Co.
5.150%, due 06/01/29		200,000		203,070
5.850%, due 11/01/27		100,000		103,366
5.950%, due 11/01/32		775,000		820,058
Southern Co.
Series A,
3.700%, due 04/30/30		200,000		188,578
Series B,
(fixed, converts to FRN on 01/15/26),
4.000%, due 01/15/51²		435,000		425,828
Southwestern Electric Power Co.
Series M,
4.100%, due 09/15/28		200,000		195,107

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Electric—(continued)
SSE PLC
(fixed, converts to FRN on 04/21/28),
4.000%, due 01/21/28^2,5,7	EUR	100,000	$	108,912
Vattenfall AB
(fixed, converts to FRN on 08/17/28),
6.875%, due 08/17/83^2,5	GBP	100,000		132,381
Vistra Operations Co. LLC
4.375%, due 05/01/29³		30,000		28,557
5.000%, due 07/31/27³		640,000		631,581
5.500%, due 09/01/26³		10,000		9,970
6.875%, due 04/15/32³		550,000		568,730
WEC Energy Group, Inc.
1.800%, due 10/15/30		200,000		168,593
				25,183,600
Electronics: 0.1%
Arrow Electronics, Inc.
5.150%, due 08/21/29		200,000		199,083
Honeywell International, Inc.
4.125%, due 11/02/34	EUR	200,000		228,389
TD SYNNEX Corp.
6.100%, due 04/12/34		100,000		103,386
				530,858
Energy-Alternate Sources: 0.3%
FS Luxembourg SARL
8.875%, due 02/12/31³		40,000		40,823
NextEra Energy Partners LP
2.500%, due 06/15/26^3,6		1,540,000		1,439,384
				1,480,207

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Engineering & construction: 0.1%
Abertis Infraestructuras Finance BV
(fixed, converts to FRN on 02/24/26),
3.248%, due 11/24/25^2,5,7	EUR	100,000	$	107,785
Sydney Airport Finance Co. Pty. Ltd.
3.375%, due 04/30/25³		300,000		297,355
				405,140
Entertainment: 0.4%
Banijay Entertainment SAS
7.000%, due 05/01/29⁵	EUR	100,000		113,942
Churchill Downs, Inc.
6.750%, due 05/01/31³		225,000		229,066
Cirsa Finance International SARL
7.875%, due 07/31/28⁵	EUR	200,000		230,603
Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp.
4.875%, due 05/01/29³		225,000		212,409
Warnermedia Holdings, Inc.
4.054%, due 03/15/29⁶		300,000		280,263
5.050%, due 03/15/42		635,000		506,756
				1,573,039
Environmental control: 0.0%†
Ambipar Lux SARL
9.875%, due 02/06/31³		20,000		20,469

Food: 0.2%
Bellis Acquisition Co. PLC
8.125%, due 05/14/30⁵	GBP	100,000		127,413
Campbell Soup Co.
5.400%, due 03/21/34⁶		120,000		121,367

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Food—(continued)
JBS USA Holding Lux SARL/JBS USA Food Co./JBS Lux Co. SARL
6.500%, due 12/01/52		45,000	$	46,272
Kroger Co.
5.400%, due 01/15/49		115,000		111,580
Minerva Luxembourg SA
8.875%, due 09/13/33³		45,000		47,025
Post Holdings, Inc.
6.250%, due 02/15/32³		75,000		75,833
Sysco Corp.
6.600%, due 04/01/50		184,000		206,705
				736,195
Forest products & paper: 0.0%†
Celulosa Arauco y Constitucion SA
4.200%, due 01/29/30^3,6		25,000		23,234

Gas: 0.5%
APA Infrastructure Ltd.
(fixed, converts to FRN on 02/09/29),
7.125%, due 11/09/83^2,5	EUR	100,000		118,750
National Fuel Gas Co.
2.950%, due 03/01/31		300,000		260,277
NiSource, Inc.
3.600%, due 05/01/30		200,000		187,150
Southern California Gas Co.
2.950%, due 04/15/27		100,000		96,237
5.050%, due 09/01/34		1,100,000		1,097,214
Southwest Gas Corp.
4.050%, due 03/15/32		200,000		185,766
				1,945,394

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Healthcare-products: 0.1%
Medline Borrower LP
3.875%, due 04/01/29³		395,000	$	369,511
Zimmer Biomet Holdings, Inc.
5.350%, due 12/01/28		200,000		203,947
				573,458
Healthcare-services: 0.5%
Centene Corp.
2.625%, due 08/01/31		300,000		249,635
CommonSpirit Health
6.073%, due 11/01/27		1,290,000		1,335,046
HCA, Inc.
3.125%, due 03/15/27		200,000		192,362
4.125%, due 06/15/29		49,000		47,191
5.450%, due 04/01/31		60,000		60,670
5.500%, due 06/01/33		95,000		95,420
Icon Investments Six DAC
5.809%, due 05/08/27		200,000		203,977
				2,184,301
Holding companies-divers: 0.0%†
Benteler International AG
10.500%, due 05/15/28³		90,000		93,041

Insurance: 7.2%
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer
4.250%, due 10/15/27³		50,000		47,421
6.750%, due 04/15/28³		435,000		437,049
7.000%, due 01/15/31³		215,000		216,448
American National Group, Inc.
5.750%, due 10/01/29		600,000		601,516

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Insurance—(continued)
Aon North America, Inc.
5.450%, due 03/01/34		90,000	$	91,365
Athene Global Funding
4.721%, due 10/08/29³		870,000		854,168
5.583%, due 01/09/29³		200,000		202,870
5.684%, due 02/23/26³		200,000		201,584
1 day USD SOFR Index + 1.030%,
6.037%, due 08/27/26^2,3		100,000		100,139
Athene Holding Ltd.
6.650%, due 02/01/33		1,555,000		1,673,168
Corebridge Financial, Inc.
5.750%, due 01/15/34		95,000		97,253
(fixed, converts to FRN on 12/15/27),
6.875%, due 12/15/52²		1,690,000		1,729,821
Corebridge Global Funding
5.750%, due 07/02/26³		100,000		101,724
Enstar Finance LLC
(fixed, converts to FRN on 01/15/27),
5.500%, due 01/15/42²		2,165,000		2,029,681
(fixed, converts to FRN on 09/01/25),
5.750%, due 09/01/40^2,6		130,000		127,785
Enstar Group Ltd.
4.950%, due 06/01/29		1,850,000		1,825,857
Equitable Holdings, Inc.
4.350%, due 04/20/28		300,000		294,228
F&G Annuities & Life, Inc.
7.400%, due 01/13/28		2,715,000		2,822,514

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Insurance—(continued)
F&G Global Funding
5.875%, due 06/10/27³		100,000	$	101,533
Fidelity National Financial, Inc.
3.400%, due 06/15/30		200,000		181,363
Global Atlantic Fin Co.
7.950%, due 06/15/33³		1,360,000		1,518,486
(fixed, converts to FRN on 10/15/29),
7.950%, due 10/15/54^2,3		600,000		622,556
HUB International Ltd.
7.250%, due 06/15/30³		520,000		537,380
Liberty Mutual Group, Inc.
(fixed, converts to FRN on 12/15/26),
4.125%, due 12/15/51^2,3		110,000		103,802
MassMutual Global Funding II
1 day USD SOFR + 0.980%,
5.824%, due 07/10/26^2,3		200,000		201,966
Metropolitan Life Global Funding I
4.300%, due 08/25/29³		1,120,000		1,094,803
5.000%, due 01/06/26³		150,000		150,631
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen
(fixed, converts to FRN on 05/23/32),
5.875%, due 05/23/42^2,3		1,000,000		1,024,230
Mutual of Omaha Cos Global Funding
5.350%, due 04/09/27³		250,000		253,180
New York Life Global Funding
0.850%, due 01/15/26³		125,000		119,540

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Insurance—(continued)
Northwestern Mutual Global Funding
0.800%, due 01/14/26³		53,000	$	50,680
4.350%, due 09/15/27³		985,000		980,802
Pacific Life Global Funding II
5.500%, due 07/18/28³		100,000		102,264
Panther Escrow Issuer LLC
7.125%, due 06/01/31³		130,000		133,104
Principal Life Global Funding II
1.500%, due 11/17/26³		145,000		136,532
Protective Life Global Funding
5.215%, due 06/12/29³		200,000		203,854
Prudential Financial, Inc.
(fixed, converts to FRN on 02/28/32),
5.125%, due 03/01/52²		70,000		67,645
(fixed, converts to FRN on 03/15/34),
6.500%, due 03/15/54²		50,000		52,155
Reinsurance Group of America, Inc.
6.000%, due 09/15/33		1,445,000		1,507,688
RenaissanceRe Holdings Ltd.
5.750%, due 06/05/33		2,105,000		2,136,801
RGA Global Funding
6.000%, due 11/21/28³		200,000		207,605
SiriusPoint Ltd.
7.000%, due 04/05/29		1,025,000		1,052,868
Stewart Information Services Corp.
3.600%, due 11/15/31		2,000,000		1,725,407

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Insurance—(continued)
Swiss Re Finance Luxembourg SA
(fixed, converts to FRN on 04/02/29),
5.000%, due 04/02/49^2,3		3,400,000	$	3,383,238
				31,104,704
Internet: 0.1%
Expedia Group, Inc.
3.800%, due 02/15/28		100,000		96,800
6.250%, due 05/01/25³		196,000		196,306
Uber Technologies, Inc.
5.350%, due 09/15/54		180,000		171,662
				464,768
Investment companies: 2.6%
Abu Dhabi Developmental Holding Co. PJSC
4.375%, due 10/02/31³		200,000		193,438
BlackRock TCP Capital Corp.
6.950%, due 05/30/29⁶		1,325,000		1,332,219
Blackstone Private Credit Fund
7.300%, due 11/27/28³		1,975,000		2,072,991
Blue Owl Capital Corp.
2.875%, due 06/11/28		1,100,000		993,559
Blue Owl Credit Income Corp.
7.750%, due 09/16/27		950,000		989,623
FS KKR Capital Corp.
7.875%, due 01/15/29		2,390,000		2,538,722
Golub Capital BDC, Inc.
7.050%, due 12/05/28		200,000		207,956

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Investment companies—(continued)
HA Sustainable Infrastructure Capital, Inc.
6.375%, due 07/01/34³		1,400,000	$	1,393,610
Oaktree Strategic Credit Fund
6.500%, due 07/23/29⁶		1,365,000		1,360,722
				11,082,840
Iron & steel: 0.1%
CSN Inova Ventures
6.750%, due 01/28/28^3,6		145,000		138,611
Metinvest BV
7.650%, due 10/01/27³		25,000		16,750
7.750%, due 10/17/29³		110,000		69,850
Vale Overseas Ltd.
6.400%, due 06/28/54		20,000		20,069
				245,280
Lodging: 0.2%
Las Vegas Sands Corp.
6.000%, due 08/15/29		200,000		204,024
6.200%, due 08/15/34		55,000		56,059
Marriott International, Inc.
5.550%, due 10/15/28		200,000		205,791
Melco Resorts Finance Ltd.
5.625%, due 07/17/27³		105,000		101,817
Wynn Macau Ltd.
5.500%, due 01/15/26³		75,000		74,130
				641,821
Machinery-diversified: 0.1%
Ingersoll Rand, Inc.
5.700%, due 08/14/33		25,000		25,977
TK Elevator Midco GmbH
4.375%, due 07/15/27⁵	EUR	200,000		216,053
				242,030

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Media: 0.7%
CCO Holdings LLC/CCO Holdings Capital Corp.
4.500%, due 08/15/30³		190,000	$	169,696
4.750%, due 03/01/30³		65,000		59,129
4.750%, due 02/01/32³		120,000		103,746
7.375%, due 03/01/31³		1,300,000		1,322,037
Charter Communications Operating LLC/Charter Communications Operating Capital
2.250%, due 01/15/29		200,000		175,664
3.500%, due 06/01/41		200,000		136,898
3.900%, due 06/01/52		100,000		64,292
4.800%, due 03/01/50		565,000		423,908
Fox Corp.
5.576%, due 01/25/49⁶		310,000		294,271
6.500%, due 10/13/33		170,000		181,017
				2,930,658
Mining: 0.0%†
Corp. Nacional del Cobre de Chile
3.150%, due 01/14/30³		125,000		112,109

Office & business equipment: 0.0%†
Zebra Technologies Corp.
6.500%, due 06/01/32³		55,000		56,271

Oil & gas: 0.6%
3R Lux SARL
9.750%, due 02/05/31³		40,000		41,350
BP Capital Markets PLC
(fixed, converts to FRN on 06/22/26),
3.250%, due 03/22/26^2,5,7	EUR	200,000		215,821

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Oil & gas—(continued)
Continental Resources, Inc.
5.750%, due 01/15/31³		200,000	$	200,223
Crescent Energy Finance LLC
7.375%, due 01/15/33³		20,000		19,399
Devon Energy Corp.
5.750%, due 09/15/54		135,000		125,632
Diamondback Energy, Inc.
5.750%, due 04/18/54		65,000		63,136
6.250%, due 03/15/53		85,000		87,834
Ecopetrol SA
4.625%, due 11/02/31		50,000		41,200
5.875%, due 05/28/45		65,000		45,662
FORESEA Holding SA
7.500%, due 06/15/30⁵		20,272		19,359
Geopark Ltd.
5.500%, due 01/17/27³		70,000		65,953
Gran Tierra Energy, Inc.
9.500%, due 10/15/29³		45,000		41,400
KazMunayGas National Co. JSC
5.750%, due 04/19/47³		65,000		57,174
6.375%, due 10/24/48³		50,000		47,390
Medco Bell Pte. Ltd.
6.375%, due 01/30/27³		55,000		54,759
Pertamina Persero PT
6.450%, due 05/30/44³		40,000		42,486
Petrobras Global Finance BV
6.000%, due 01/13/35		20,000		19,374
6.500%, due 07/03/33		40,000		40,704

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Oil & gas—(continued)
Petroleos Mexicanos
6.350%, due 02/12/48		85,000	$	58,055
6.750%, due 09/21/47		55,000		39,240
Pioneer Natural Resources Co.
5.100%, due 03/29/26		100,000		100,750
Raizen Fuels Finance SA
6.950%, due 03/05/54³		30,000		30,469
Saudi Arabian Oil Co.
5.750%, due 07/17/54³		30,000		28,865
SierraCol Energy Andina LLC
6.000%, due 06/15/28³		30,000		27,214
Sunoco LP
7.000%, due 05/01/29³		1,185,000		1,222,421
				2,735,870
Packaging & containers: 0.1%
Mauser Packaging Solutions Holding Co.
7.875%, due 04/15/27³		280,000		287,700
WRKCo, Inc.
4.650%, due 03/15/26		200,000		199,128
4.900%, due 03/15/29		100,000		99,694
				586,522
Pharmaceuticals: 0.7%
Bayer AG
(fixed, converts to FRN on 09/25/30),
5.375%, due 03/25/82^2,5	EUR	100,000		107,875
Bayer U.S. Finance LLC
6.125%, due 11/21/26³		400,000		408,738
Cigna Group
4.375%, due 10/15/28		200,000		196,429

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Pharmaceuticals—(continued)
CVS Pass-Through Trust
Series 2013,
4.704%, due 01/10/36³		2,288,544	$	2,105,297
Pfizer Investment Enterprises Pte. Ltd.
4.750%, due 05/19/33		200,000		197,040
Teva Pharmaceutical Finance Netherlands II BV
4.375%, due 05/09/30	EUR	200,000		215,947
				3,231,326
Pipelines: 1.1%
Antero Midstream Partners LP/Antero Midstream Finance Corp.
5.375%, due 06/15/29³		90,000		87,656
6.625%, due 02/01/32³		315,000		318,499
Cheniere Energy Partners LP
3.250%, due 01/31/32		200,000		174,036
CQP Holdco LP/BIP-V Chinook Holdco LLC
5.500%, due 06/15/31³		110,000		104,676
7.500%, due 12/15/33³		355,000		375,597
Eastern Energy Gas Holdings LLC
5.650%, due 10/15/54		40,000		39,086
Enbridge, Inc.
5.300%, due 04/05/29		200,000		202,930
Series NC5,
(fixed, converts to FRN on 01/15/29),
8.250%, due 01/15/84²		100,000		105,633

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Pipelines—(continued)
Energy Transfer LP
5.250%, due 04/15/29		200,000	$	201,769
5.250%, due 07/01/29		200,000		201,986
5.950%, due 05/15/54		150,000		147,750
6.100%, due 12/01/28		200,000		208,550
EnLink Midstream LLC
5.375%, due 06/01/29		200,000		201,612
Greensaif Pipelines Bidco SARL
5.853%, due 02/23/36³		200,000		200,314
Kinder Morgan, Inc.
5.550%, due 06/01/45		100,000		94,676
7.750%, due 01/15/32		200,000		229,128
MPLX LP
4.700%, due 04/15/48		378,000		316,792
5.000%, due 03/01/33		200,000		194,574
ONEOK, Inc.
5.050%, due 11/01/34		300,000		291,084
5.650%, due 11/01/28		200,000		205,378
5.850%, due 01/15/26		200,000		202,033
Venture Global Calcasieu Pass LLC
3.875%, due 08/15/29³		100,000		92,204
Venture Global LNG, Inc.
8.125%, due 06/01/28³		25,000		25,944
8.375%, due 06/01/31³		25,000		25,967
9.500%, due 02/01/29³		25,000		27,633
9.875%, due 02/01/32³		25,000		27,288
Western Midstream Operating LP
6.350%, due 01/15/29		200,000		208,061

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Pipelines—(continued)
Williams Cos., Inc.
4.800%, due 11/15/29		200,000	$	198,860
				4,709,716
Private Equity : 0.0%^†
Carlyle Finance Subsidiary LLC
3.500%, due 09/19/29³		200,000		187,482

Real estate: 0.1%
CBRE Services, Inc.
5.500%, due 04/01/29		200,000		205,290
CPI Property Group SA
(fixed, converts to FRN on 10/16/25),
4.875%, due 07/16/25^2,5,7	EUR	100,000		97,898
Heimstaden Bostad AB
(fixed, converts to FRN on 01/29/28),
3.000%, due 10/29/27^2,5,7		100,000		95,180
Newmark Group, Inc.
7.500%, due 01/12/29		200,000		211,745
				610,113
Real estate investment trusts: 2.2%
Arbor Realty SR, Inc.
Series QIB,
8.500%, due 10/15/27³		2,395,000		2,344,573
HAT Holdings I LLC/HAT Holdings II LLC
3.375%, due 06/15/26³		1,900,000		1,834,459
Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co-Issuer
7.000%, due 02/01/30³		65,000		66,585

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Real estate investment trusts—(continued)
RHP Hotel Properties LP/RHP Finance Corp.
4.750%, due 10/15/27		60,000	$	58,732
6.500%, due 04/01/32³		230,000		232,729
7.250%, due 07/15/28³		35,000		36,303
SBA Tower Trust
6.599%, due 01/15/28³		3,100,000		3,167,527
Scentre Group Trust 1/Scentre Group Trust 2
4.375%, due 05/28/30³		1,715,000		1,659,119
				9,400,027
Retail: 0.3%
Ceconomy AG
6.250%, due 07/15/29⁵	EUR	100,000		111,224
Cougar JV Subsidiary LLC
8.000%, due 05/15/32³		65,000		67,952
Eroski S Coop
10.625%, due 04/30/29⁵	EUR	100,000		117,137
Macy's Retail Holdings LLC
5.875%, due 03/15/30^3,6		1,127,000		1,089,979
McDonald's Corp.
3.625%, due 09/01/49		130,000		97,007
				1,483,299
Savings & loans: 0.1%
Nationwide Building Society
(fixed, converts to FRN on 02/16/27),
2.972%, due 02/16/28^2,3,6		200,000		190,956
(fixed, converts to FRN on 10/18/26),
6.557%, due 10/18/27^2,3		250,000		257,588
				448,544

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Semiconductors: 0.9%
ams-OSRAM AG
12.250%, due 03/30/29^3,6		1,800,000	$	1,868,816
Broadcom, Inc.
3.137%, due 11/15/35³		847,000		695,945
4.926%, due 05/15/37³		268,000		257,003
5.050%, due 07/12/29		200,000		201,706
Foundry JV Holdco LLC
6.250%, due 01/25/35³		200,000		204,538
Intel Corp.
3.250%, due 11/15/49		25,000		15,963
4.750%, due 03/25/50		50,000		40,916
4.900%, due 08/05/52		40,000		33,210
5.600%, due 02/21/54		85,000		78,619
5.700%, due 02/10/53		30,000		28,037
Marvell Technology, Inc.
5.950%, due 09/15/33		185,000		193,637
Micron Technology, Inc.
4.975%, due 02/06/26		200,000		200,616
				3,819,006
Shipbuilding: 0.0%^†
Huntington Ingalls Industries, Inc.
2.043%, due 08/16/28		200,000		180,542

Software: 0.3%
Fiserv, Inc.
5.450%, due 03/15/34		200,000		202,994

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Software—(continued)
Oracle Corp.
2.875%, due 03/25/31		200,000	$	177,112
3.850%, due 04/01/60		200,000		141,849
3.950%, due 03/25/51		215,000		163,916
4.200%, due 09/27/29		200,000		194,827
4.650%, due 05/06/30		100,000		99,328
UKG, Inc.
6.875%, due 02/01/31³		255,000		261,250
				1,241,276
Telecommunications: 1.1%
Altice France SA
5.875%, due 02/01/27³	EUR	200,000		175,194
AT&T, Inc.
3.500%, due 09/15/53		490,000		341,493
British Telecommunications PLC
(fixed, converts to FRN on 12/20/28),
8.375%, due 12/20/83^2,5	GBP	230,000		318,757
C&W Senior Finance Ltd.
6.875%, due 09/15/27³		45,000		44,606
Connect Finco SARL/Connect U.S. Finco LLC
9.000%, due 09/15/29³		1,350,000		1,282,295
Crown Castle Towers LLC
4.241%, due 07/15/28³		81,000		78,344
Iliad Holding SASU
5.625%, due 10/15/28⁵	EUR	200,000		221,196
Lorca Telecom Bondco SA
4.000%, due 09/18/27⁵		200,000		217,240

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Telecommunications—(continued)
Motorola Solutions, Inc.
2.300%, due 11/15/30		200,000	$	172,005
Optics Bidco SpA
7.875%, due 07/31/28⁵	EUR	200,000		245,641
Oztel Holdings SPC Ltd.
6.625%, due 04/24/28³		110,000		114,194
Rogers Communications, Inc.
3.800%, due 03/15/32		114,000		103,912
T-Mobile USA, Inc.
2.050%, due 02/15/28		100,000		91,886
2.550%, due 02/15/31		200,000		173,920
3.400%, due 10/15/52		370,000		257,157
4.500%, due 04/15/50		205,000		174,072
Verizon Communications, Inc.
2.987%, due 10/30/56		210,000		129,918
5.500%, due 02/23/54		55,000		54,712
Vodafone Group PLC
4.875%, due 06/19/49		275,000		242,732
5.750%, due 06/28/54		70,000		69,391
(fixed, converts to FRN on 08/30/29),
6.500%, due 08/30/84^2,5,6	EUR	100,000		118,619
				4,627,284
Transportation: 0.0%†
MV24 Capital BV
6.748%, due 06/01/34³		31,532		30,672

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Water: 0.0%^†
Veolia Environnement SA
(fixed, converts to FRN on 02/22/29),
5.993%, due 11/22/28^2,5,7	EUR	100,000	$	116,021
Total corporate bonds (cost—$199,231,769)				197,641,322

Loan assignments—8.1%
Aerospace & defense: 0.3%
Propulsion BC Finco SARL
3 mo. USD Term SOFR + 3.250%,
7.867%, due 09/14/29²		1,126,402		1,129,454

Agriculture: 0.2%
A-AG U.S. GSI Bidco, Inc.
0.000%, due 10/08/31^2,9		675,000		673,313

Airlines: 0.3%
United Airlines, Inc.
3 mo. USD Term SOFR + 2.750%,
7.385%, due 02/22/31²		1,517,375		1,518,452

Chemicals: 0.3%
INEOS Enterprises Holdings U.S. Finco LLC
3 mo. USD Term SOFR + 3.750%,
8.907%, due 07/08/30²		1,329,950		1,331,612

Commercial services: 0.8%
Priority Holdings LLC
3 mo. USD Term SOFR + 4.750%,
9.807%, due 05/16/31²		1,366,575		1,361,874
System One Holdings LLC
3 mo. USD Term SOFR + 3.750%,
8.504%, due 03/02/28²		2,224,906		2,227,687
				3,589,561

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Loan assignments—(continued)
Diversified financial services: 0.4%
LendingTree, Inc.
1 mo. USD Term SOFR + 4.000%,
8.799%, due 09/15/28²		1,586,595	$	1,579,154

Electric: 0.5%
Eastern Power LLC
1 mo. USD Term SOFR + 5.250%,
9.935%, due 04/03/28²		1,987,167		1,987,426
Lightstone Holdco LLC
2022 Extended Term Loan B,
3 mo. USD Term SOFR + 5.750%,
10.335%, due 01/29/27²		87,898		88,808
2022 Extended Term Loan C,
3 mo. USD Term SOFR + 5.750%,
10.335%, due 01/29/27²		4,971		5,023
				2,081,257
Environmental control: 0.2%
Tidal Waste & Recycling Holdings LLC
0.000%, due 10/03/31^2,9		798,000		798,000

Health care products: 0.5%
Medline Borrower LP
1 mo. USD Term SOFR + 2.750%,
7.435%, due 10/23/28²		1,455,041		1,456,016
Sotera Health Holdings LLC
3 mo. USD Term SOFR + 3.250%,
7.835%, due 05/30/31²		800,000		800,504
				2,256,520

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Loan assignments—(continued)
Healthcare-services: 0.6%
IQVIA, Inc.
3 mo. USD Term SOFR + 2.000%,
6.604%, due 01/02/31²		1,230,700	$	1,233,395
MPH Acquisition Holdings LLC
2021 Term Loan B,
3 mo. USD Term SOFR + 4.250%,
9.569%, due 09/01/28²		1,665,657		1,246,694
				2,480,089
Home Furnishings: 0.6%
Whirlpool Corp.
1 mo. USD Term SOFR + 1.125%,
5.910%, due 09/23/25^2,10,11		2,400,000		2,397,000

Investment companies: 0.3%
MIP V Waste Holdings LLC
1 mo. USD Term SOFR + 3.000%,
7.685%, due 12/08/28²		1,434,275		1,434,877

Media: 0.3%
Midcontinent Communications
1 mo. USD Term SOFR + 2.500%,
7.286%, due 08/16/31²		1,380,000		1,385,175

Pharmaceuticals: 0.3%
Jazz Financing Lux SARL
1 mo. USD Term SOFR + 2.250%,
6.935%, due 05/05/28²		1,524,972		1,524,835

Pipelines: 1.5%
AL NGPL Holdings LLC
3 mo. USD Term SOFR + 2.500%,
7.090%, due 04/17/28²		1,426,426		1,427,610

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Loan assignments—(continued)
Pipelines—(continued)
BCP Renaissance Parent LLC
3 mo. USD Term SOFR + 3.250%,
7.854%, due 10/31/28²		1,326,706	$	1,326,707
Rockpoint Gas Storage Partners LP
3 mo. USD Term SOFR + 3.500%,
8.363%, due 09/12/31^2,9		2,050,000		2,043,604
UGI Energy Services LLC
1 mo. USD Term SOFR + 2.500%,
7.185%, due 02/22/30²		1,523,840		1,523,291
				6,321,212
Real estate investment trusts: 0.2%
Starwood Property Trust, Inc.
1 mo. USD Term SOFR + 2.750%,
7.435%, due 11/18/27²		1,002,150		1,004,655

Software: 0.3%
Central Parent, Inc.
3 mo. USD Term SOFR + 3.250%,
7.854%, due 07/06/29²		1,488,750		1,476,319
Polaris Newco LLC
USD Term Loan B,
3 mo. USD Term SOFR + 4.000%,
8.847%, due 06/02/28²		9,798		9,724
				1,486,043
Telecommunications: 0.5%
Connect Finco SARL
1 mo. USD Term SOFR + 3.500%,
8.185%, due 12/11/26²		382,965		380,365

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Loan assignments—(continued)
Telecommunications—(continued)
Iridium Satellite LLC
1 mo. USD Term SOFR + 2.250%,
6.935%, due 09/20/30²		1,385,680	$	1,368,193
Lumen Technologies, Inc.
1 mo. USD Term SOFR + 6.000%,
10.685%, due 06/01/28²		416,342		409,726
				2,158,284
Total loan assignments (cost—$35,323,621)				35,149,493

Mortgage-backed securities—10.8%
1211 Avenue of the Americas Trust,
Series 2015-1211, Class B,
4.092%, due 08/10/35^2,3		124,000		121,169
Adjustable Rate Mortgage Trust,
Series 2005-5, Class 2A1,
5.706%, due 09/25/35²		27,022		23,431
BAMLL Trust,
Series 2024-BHP, Class B,
1 mo. USD Term SOFR + 2.900%,
7.704%, due 08/15/39^2,3		136,000		136,447
Banc of America Funding Trust,
Series 2005-D, Class A1,
5.599%, due 05/25/35²		130,869		120,179
Bank,
Series 2021-BN38, Class C,
3.218%, due 12/15/64²		51,000		39,829

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Mortgage-backed securities—(continued)
Series 2019-BN17, Class C,
4.507%, due 04/15/52²		72,000	$	65,100
Bank of America Mortgage Trust,
Series 2002-G, Class 1A3,
5.750%, due 07/20/32²		64		61
Bank5,
Series 2024-5YR5, Class B,
6.539%, due 02/15/29²		37,000		37,839
Series 2023-5YR3, Class C,
7.315%, due 09/15/56²		43,000		44,773
BBCMS Mortgage Trust,
Series 2022-C17, Class XA,
1.150%, due 09/15/55²		1,298,067		93,882
BCP Trust,
Series 2021-330N, Class A,
1 mo. USD Term SOFR + 0.913%,
5.718%, due 06/15/38^2,3		500,000		463,054
Bear Stearns ALT-A Trust,
Series 2006-1, Class 21A2,
4.684%, due 02/25/36²		244,745		166,184
Series 2004-9, Class 2A1,
4.961%, due 09/25/34²		45,045		39,723
Series 2005-7, Class 22A1,
5.239%, due 09/25/35²		237,826		139,908
Bear Stearns ARM Trust,
Series 2004-7, Class 1A1,
0.000%, due 10/25/34²		37,638		32,277

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Mortgage-backed securities—(continued)
Series 2004-6, Class 2A1,
4.136%, due 09/25/34²		156,848	$	141,835
Series 2004-3, Class 1A2,
5.259%, due 07/25/34²		35,082		32,714
Series 2003-5, Class 2A1,
5.371%, due 08/25/33²		35,313		32,459
Series 2003-1, Class 6A1,
6.500%, due 04/25/33²		2,963		2,953
Benchmark Mortgage Trust,
Series 2020-B19, Class AS,
2.148%, due 09/15/53		53,000		42,193
Series 2020-B19, Class B,
2.351%, due 09/15/53		47,000		34,909
Series 2020-B17, Class C,
3.371%, due 03/15/53²		90,000		66,163
Series 2020-IG2, Class UBRC,
3.509%, due 09/15/48^2,3		100,000		94,375
Series 2020-B16, Class C,
3.653%, due 02/15/53²		59,000		46,067
Series 2023-B40, Class C,
7.406%, due 12/15/56²		41,000		43,454
BPR Trust,
Series 2022-OANA, Class D,
1 mo. USD Term SOFR + 3.695%,
8.499%, due 04/15/37^2,3		156,979		157,371

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Mortgage-backed securities—(continued)
BX Commercial Mortgage Trust,
Series 2021-VOLT, Class D,
1 mo. USD Term SOFR + 1.764%,
6.568%, due 09/15/36^2,3		228,071	$	226,218
Series 2024-KING, Class C,
1 mo. USD Term SOFR + 1.940%,
6.744%, due 05/15/34^2,3		105,000		104,770
Series 2024-MF, Class C,
1 mo. USD Term SOFR + 1.941%,
6.745%, due 02/15/39^2,3		143,444		142,861
Series 2024-KING, Class D,
1 mo. USD Term SOFR + 2.490%,
7.294%, due 05/15/34^2,3		120,000		119,700
Series 2024-XL5, Class D,
1 mo. USD Term SOFR + 2.690%,
7.494%, due 03/15/41^2,3		150,705		150,657
Series 2023-XL3, Class D,
1 mo. USD Term SOFR + 3.589%,
8.393%, due 12/09/40^2,3		77,459		77,508
BX Trust,
Series 2019-OC11, Class D,
3.944%, due 12/09/41^2,3		100,000		90,598
Series 2022-CLS, Class B,
6.300%, due 10/13/27³		2,700,000		2,570,259
Series 2024-BIO, Class C,
1 mo. USD Term SOFR + 2.640%,
7.444%, due 02/15/41^2,3		100,000		98,469

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Mortgage-backed securities—(continued)
Series 2022-GPA, Class B,
1 mo. USD Term SOFR + 2.664%,
7.450%, due 08/15/41^2,3		1,315,167	$	1,315,167
Series 2024-VLT4, Class E,
1 mo. USD Term SOFR + 2.889%,
7.693%, due 07/15/29^2,3		136,000		136,214
Series 2022-GPA, Class C,
1 mo. USD Term SOFR + 3.213%,
7.999%, due 08/15/42^2,3		1,256,279		1,256,279
CAMB Commercial Mortgage Trust,
Series 2019-LIFE, Class D,
1 mo. USD Term SOFR + 2.047%,
6.851%, due 12/15/37^2,3		127,000		126,841
Series 2019-LIFE, Class F,
1 mo. USD Term SOFR + 2.847%,
7.651%, due 12/15/37^2,3		100,000		99,097
Chase Home Lending Mortgage Trust,
Series 2024-2, Class A6A,
6.000%, due 02/25/55^2,3		114,976		114,876
Series 2024-3, Class A6,
6.000%, due 02/25/55^2,3		179,806		179,542
Series 2024-4, Class A6,
6.000%, due 03/25/55^2,3		184,788		184,689
Chase Mortgage Finance Trust,
Series 2005-S3, Class A10,
5.500%, due 11/25/35		718,063		513,031

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Mortgage-backed securities—(continued)
Series 2007-S6, Class 2A1,
5.500%, due 12/25/49		469,807	$	178,645
CHL Mortgage Pass-Through Trust,
Series 2005-HYB9, Class 5A1,
1 yr. USD Term SOFR + 2.465%,
6.248%, due 02/20/36²		82,322		74,648
Citigroup Commercial Mortgage Trust,
Series 2015-GC27, Class XA,
1.135%, due 02/10/48²		914,844		216
Series 2017-P8, Class C,
4.255%, due 09/15/50²		68,000		59,470
Series 2023-SMRT, Class C,
5.852%, due 10/12/40^2,3		100,000		99,599
Series 2023-PRM3, Class C,
6.360%, due 07/10/28^2,3		100,000		101,108
Series 2023-PRM3, Class B,
6.360%, due 07/10/28^2,3		1,120,000		1,141,541
Citigroup Mortgage Loan Trust, Inc.,
Series 2005-6, Class A3,
1 yr. CMT + 1.800%,
6.830%, due 09/25/35²		347		338
Series 2005-4, Class A,
6.851%, due 08/25/35²		46,897		46,283

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Mortgage-backed securities—(continued)
Series 2005-6, Class A2,
1 yr. CMT + 2.150%,
6.938%, due 09/25/35²		4,348	$	4,227
Series 2005-11, Class A1A,
1 yr. CMT + 2.400%,
7.410%, due 05/25/35²		18,658		18,369
COMM Mortgage Trust,
Series 2014-UBS3, Class XA,
0.646%, due 06/10/47²		204,319		2
Series 2024-277P, Class B,
6.999%, due 08/10/44^2,3		134,000		138,329
CONE Trust,
Series 2024-DFW1, Class A,
1 mo. USD Term SOFR + 1.642%,
6.446%, due 08/15/41^2,3		54,000		54,000
Series 2024-DFW1, Class D,
1 mo. USD Term SOFR + 3.040%,
7.844%, due 08/15/41^2,3		57,000		57,000
Countrywide Alternative Loan Trust,
Series 2006-14CB, Class A1,
6.000%, due 06/25/36		1,146,303		628,613
Series 2006-41CB, Class 1A9,
6.000%, due 01/25/37		289,582		148,330
Series 2005-62, Class 2A1,
1 yr. USD MTA + 1.000%,
6.061%, due 12/25/35²		71,063		59,594

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Mortgage-backed securities—(continued)
Series 2003-J3, Class 2A1,
6.250%, due 12/25/33		8,472	$	8,927
CRSO Trust
7.658%, due 07/10/28²		1,130,000		1,168,968
DC Commercial Mortgage Trust,
Series 2023-DC, Class B,
6.804%, due 09/12/40³		860,000		887,760
DSLA Mortgage Loan Trust,
Series 2005-AR4, Class 2A1A,
1 mo. USD Term SOFR + 0.634%,
5.394%, due 08/19/45²		98,753		82,595
EFMT,
Series 2024-INV2, Class A3,
5.441%, due 10/25/69^2,3		99,591		98,413
Series 2024-INV2, Class M1,
5.726%, due 10/25/69^2,3		100,000		97,946
Eleven Madison Trust Mortgage Trust,
Series 2015-11MD, Class A,
3.555%, due 09/10/35^2,3		155,000		150,756
ELM Trust,
Series 2024-ELM, Class D10,
6.626%, due 06/10/39^2,3		100,000		101,023
Series 2024-ELM, Class D15,
6.674%, due 06/10/39^2,3		100,000		101,140
Fashion Show Mall LLC,
Series 2024-SHOW, Class C,
6.276%, due 10/10/41^2,3		100,000		97,539

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Mortgage-backed securities—(continued)
Federal Home Loan Mortgage Corp. Multiclass Certificates,
Series 2020-RR04, Class X,
2.126%, due 02/27/29²		3,460,000	$	230,831
Federal Home Loan Mortgage Corp. REMICS,
Series 2764, Class LZ,
4.500%, due 03/15/34		182,454		180,643
Series 2921, Class PG,
5.000%, due 01/15/35		404,319		398,866
Series 2764, Class ZG,
5.500%, due 03/15/34		132,096		135,310
Series 2400, Class FQ,
30 day USD SOFR Average + 0.614%,
5.624%, due 01/15/32²		3,586		3,586
Series 2983, Class TZ,
6.000%, due 05/15/35		436,234		453,560
Series 3149, Class CZ,
6.000%, due 05/15/36		528,448		551,220
Series 5474, Class FB,
30 day USD SOFR Average + 1.150%,
6.058%, due 11/25/54²		275,000		273,692
Series 5471, Class FK,
30 day USD SOFR Average + 1.150%,
6.150%, due 08/25/54²		275,000		273,559

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Mortgage-backed securities—(continued)
Series 5475, Class FA,
30 day USD SOFR Average + 1.100%,
6.251%, due 11/25/54²		250,000	$	249,084
Federal Home Loan Mortgage Corp. STACR REMICS Trust,
Series 2021-DNA7, Class M2,
30 day USD SOFR Average + 1.800%,
6.657%, due 11/25/41^2,3		130,000		131,057
Series 2024-HQA1, Class M2,
30 day USD SOFR Average + 2.000%,
6.857%, due 03/25/44^2,3		210,000		210,951
Series 2022-DNA1, Class M2,
30 day USD SOFR Average + 2.500%,
7.357%, due 01/25/42^2,3		417,000		424,560
Series 2022-DNA3, Class M1B,
30 day USD SOFR Average + 2.900%,
7.757%, due 04/25/42^2,3		210,000		217,239
Series 2022-DNA4, Class M1B,
30 day USD SOFR Average + 3.350%,
8.207%, due 05/25/42^2,3		436,000		453,985
Series 2021-DNA6, Class B1,
30 day USD SOFR Average + 3.400%,
8.257%, due 10/25/41^2,3		200,000		205,898
Series 2022-DNA6, Class M1B,
30 day USD SOFR Average + 3.700%,
8.557%, due 09/25/42^2,3		178,000		187,558

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Mortgage-backed securities—(continued)
Series 2022-DNA2, Class M2,
30 day USD SOFR Average + 3.750%,
8.607%, due 02/25/42^2,3		439,000	$	459,560
Series 2022-DNA3, Class M2,
30 day USD SOFR Average + 4.350%,
9.207%, due 04/25/42^2,3		111,000		118,262
Series 2022-DNA5, Class M1B,
30 day USD SOFR Average + 4.500%,
9.357%, due 06/25/42^2,3		192,000		206,282
Series 2022-HQA1, Class M2,
30 day USD SOFR Average + 5.250%,
10.107%, due 03/25/42^2,3		383,000		412,654
Series 2022-HQA1, Class B1,
30 day USD SOFR Average + 7.000%,
11.857%, due 03/25/42^2,3		200,000		220,958
Federal Home Loan Mortgage Corp. Structured Pass-Through Certificates,
Series T-54, Class 2A,
6.500%, due 02/25/43		300,210		302,380
Series T-58, Class 2A,
6.500%, due 09/25/43		136,170		137,055
Federal National Mortgage Association Connecticut Avenue Securities Trust,
Series 2022-R04, Class 1M2,
30 day USD SOFR Average + 3.100%,
7.957%, due 03/25/42^2,3		191,000		198,378

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Mortgage-backed securities—(continued)
Series 2022-R01, Class 1B1,
30 day USD SOFR Average + 3.150%,
8.007%, due 12/25/41^2,3		178,000	$	182,450
Series 2023-R02, Class 1M2,
30 day USD SOFR Average + 3.350%,
8.207%, due 01/25/43^2,3		144,000		152,256
Series 2022-R03, Class 1M2,
30 day USD SOFR Average + 3.500%,
8.357%, due 03/25/42^2,3		475,000		498,364
Series 2023-R01, Class 1M2,
30 day USD SOFR Average + 3.750%,
8.607%, due 12/25/42^2,3		133,000		141,811
Series 2022-R08, Class 1B1,
30 day USD SOFR Average + 5.600%,
10.457%, due 07/25/42^2,3		336,000		367,181
Federal National Mortgage Association REMICS,
Series 2006-65, Class GD,
6.000%, due 07/25/26		9,605		9,621
Series 2003-64, Class AH,
6.000%, due 07/25/33		544,486		558,227
Series 2024-40, Class FA,
30 day USD SOFR Average + 1.150%,
6.007%, due 03/25/54²		244,312		243,022

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Mortgage-backed securities—(continued)
Series 2024-67, Class FA,
30 day USD SOFR Average + 1.170%,
6.027%, due 09/25/54²		268,341	$	268,296
Series 2024-76, Class JF,
30 day USD SOFR Average + 1.250%,
6.363%, due 11/25/54²		275,000		276,075
Federal National Mortgage Association REMICS Trust,
Series 1999-W4, Class A9,
6.250%, due 02/25/29		42,667		42,929
Federal National Mortgage Association Trust,
Series 2004-W8, Class 2A,
6.500%, due 06/25/44		138,778		140,456
First Horizon Mortgage Pass-Through Trust,
Series 2005-AR3, Class 2A1,
6.745%, due 08/25/35²		7,749		5,385
Government National Mortgage Association REMICS,
Series 2020-86, Class WK,
1.000%, due 06/20/50		216,012		162,315
Series 2021-119, Class NC,
1.500%, due 07/20/51		200,073		162,395
Series 2021-103, Class HE,
2.000%, due 06/20/51		196,159		160,531

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Mortgage-backed securities—(continued)
Series 2018-38, Class WF,
1 mo. USD Term SOFR + 0.414%,
5.259%, due 10/20/43²		585,063	$	561,147
Series 2017-182, Class FW,
1 mo. USD Term SOFR + 0.464%,
5.309%, due 05/20/47²		192,476		183,525
Series 2015-H20, Class FB,
1 mo. USD Term SOFR + 0.714%,
5.910%, due 08/20/65²		483,453		482,258
Great Wolf Trust,
Series 2024-WOLF, Class D,
1 mo. USD Term SOFR + 2.890%,
7.694%, due 03/15/39^2,3		110,000		110,344
GS Mortgage Securities Trust,
Series 2019-GC42, Class C,
3.701%, due 09/10/52²		122,000		100,254
Series 2015-GS1, Class AS,
4.037%, due 11/10/48²		169,000		158,951
Series 2016-GS2, Class C,
4.697%, due 05/10/49²		70,000		66,815
GSR Mortgage Loan Trust,
Series 2005-AR6, Class 2A1,
5.252%, due 09/25/35²		75,023		70,809
HarborView Mortgage Loan Trust,
Series 2005-4, Class 3A1,
5.082%, due 07/19/35²		103,123		76,228

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Mortgage-backed securities—(continued)
Series 2004-11, Class 3A1A,
1 mo. USD Term SOFR + 0.814%,
5.574%, due 01/19/35²		14,044	$	13,121
Hilton USA Trust,
Series 2016-HHV, Class E,
4.194%, due 11/05/38^2,3		100,000		95,219
JP Morgan Chase Commercial Mortgage Securities Trust,
Series 2016-NINE, Class B,
2.854%, due 09/06/38^2,3		125,000		117,548
Series 2022-OPO, Class D,
3.450%, due 01/05/39^2,3		144,000		113,040
JP Morgan Mortgage Trust,
Series 2005-A8, Class 1A1,
5.638%, due 11/25/35²		244,682		195,450
Series 2024-2, Class A6A,
6.000%, due 08/25/54^2,3		130,675		130,427
Series 2024-4, Class A6A,
6.000%, due 10/25/54^2,3		156,890		156,739
Series 2006-A4, Class 2A2,
6.046%, due 06/25/36²		121,503		85,323
LHOME Mortgage Trust,
Series 2024-RTL4, Class A1,
5.921%, due 07/25/39^2,3		217,000		217,329
Manhattan West Mortgage Trust,
Series 2020-1MW, Class D,
2.335%, due 09/10/39^2,3		100,000		88,834

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Mortgage-backed securities—(continued)
MED Commercial Mortgage Trust,
Series 2024-MOB, Class C,
1 mo. USD Term SOFR + 2.291%,
7.095%, due 05/15/41^2,3		100,000	$	99,250
Morgan Stanley Bank of America Merrill Lynch Trust,
Series 2017-C33, Class C,
4.558%, due 05/15/50²		103,000		96,071
Morgan Stanley Capital I Trust,
Series 2017-H1, Class B,
4.075%, due 06/15/50		19,000		17,761
Series 2017-H1, Class C,
4.281%, due 06/15/50²		50,000		44,132
Series 2018-L1, Class AS,
4.637%, due 10/15/51²		63,000		61,044
Series 2018-H4, Class C,
5.051%, due 12/15/51²		80,000		70,903
Series 2021-230P, Class B,
1 mo. USD Term SOFR + 1.563%,
6.367%, due 12/15/38^2,3		63,000		59,240
Morgan Stanley Residential Mortgage Loan Trust,
Series 2024-NQM3, Class M1,
5.609%, due 07/25/69^2,3,10		100,000		97,962
Series 2024-3, Class A2,
6.000%, due 07/25/54^2,3		141,247		141,316

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Mortgage-backed securities—(continued)
MSWF Commercial Mortgage Trust,
Series 2023-1, Class C,
6.683%, due 05/15/56²		42,000	$	43,444
Series 2023-2, Class C,
7.018%, due 12/15/56²		32,000		33,640
MTN Commercial Mortgage Trust,
Series 2022-LPFL, Class A,
1 mo. USD Term SOFR + 1.397%,
6.207%, due 03/15/39^2,3		2,650,000		2,635,094
NAAC Reperforming Loan REMICS Trust Certificates,
Series 2004-R3, Class A1,
6.500%, due 02/25/35³		339,682		285,097
New Residential Mortgage Loan Trust,
Series 2024-RTL2, Class A1,
5.443%, due 09/25/39^2,3		226,000		222,114
NYMT Loan Trust,
Series 2024-INV1, Class A3,
5.834%, due 06/25/69^2,3		109,000		108,300
OAKST Commercial Mortgage Trust,
Series 2023-NLP, Class A,
6.095%, due 03/15/40^2,3		2,640,000		2,666,846
OBX Trust,
Series 2021-NQM4, Class A1,
1.957%, due 10/25/61^2,3		273,452		228,397

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Mortgage-backed securities—(continued)
One Bryant Park Trust,
Series 2019-OBP, Class A,
2.516%, due 09/15/54³		3,100,000	$	2,703,899
One Market Plaza Trust,
Series 2017-1MKT, Class A,
3.614%, due 02/10/32³		73,045		67,833
Series 2017-1MKT, Class C,
4.016%, due 02/10/32³		100,000		88,020
ONE Mortgage Trust,
Series 2021-PARK, Class E,
1 mo. USD Term SOFR + 1.864%,
6.669%, due 03/15/36^2,3		150,000		141,609
ONNI Commercial Mortgage Trust,
Series 2024-APT, Class C,
6.430%, due 07/15/39^2,3		136,000		135,691
ORL Trust,
Series 2023-GLKS, Class D,
1 mo. USD Term SOFR + 4.301%,
9.105%, due 10/19/36^2,3		128,000		128,000
Reperforming Loan Trust REMICS,
Series 2003-R4, Class 2A,
4.756%, due 01/25/34^2,3		339,781		294,235
Series 2006-R1, Class AF1,
1 mo. USD Term SOFR + 0.454%,
5.192%, due 01/25/36^2,3		241,925		224,759
RFMSI Trust,
Series 2004-S9, Class 1A23,
5.500%, due 12/25/34		143,111		133,719

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Mortgage-backed securities—(continued)
ROCK Trust,
Series 2024-CNTR, Class D,
7.109%, due 11/13/41³		209,000	$	211,266
SCOTT Trust,
Series 2023-SFS, Class A,
5.910%, due 03/10/40³		1,125,000		1,142,529
Sequoia Mortgage Trust,
Series 2007-3, Class 1A1,
1 mo. USD Term SOFR + 0.514%,
5.274%, due 07/20/36²		36,035		31,176
Series 2024-4, Class A10,
6.000%, due 05/25/54^2,3		191,960		191,814
SG Residential Mortgage Trust,
Series 2021-2, Class A1,
1.737%, due 12/25/61^2,3		442,045		365,019
Structured Adjustable Rate Mortgage Loan Trust,
Series 2004-8, Class 3A,
6.530%, due 07/25/34²		117,192		112,628
Structured Asset Mortgage Investments II Trust,
Series 2006-AR3, Class 11A1,
1 mo. USD Term SOFR + 0.534%,
5.272%, due 04/25/36²		299,086		266,734

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Mortgage-backed securities—(continued)
Structured Asset Mortgage Investments Trust,
Series 2002-AR3, Class A1,
1 mo. USD Term SOFR + 0.774%,
5.534%, due 09/19/32²		12,296	$	11,783
Thornburg Mortgage Securities Trust,
Series 2007-4, Class 2A1,
4.654%, due 09/25/37²		78,479		77,360
Towd Point Mortgage Trust,
Series 2022-4, Class A1,
3.750%, due 09/25/62³		210,158		197,388
Verus Securitization Trust,
Series 2021-6, Class A1,
1.630%, due 10/25/66^2,3		359,069		303,427
Series 2021-6, Class A3,
1.887%, due 10/25/66^2,3		211,193		179,061
Series 2022-4, Class A3,
4.740%, due 04/25/67^2,3		107,382		103,546
Series 2024-7, Class A1,
5.095%, due 09/25/69^2,3		127,137		126,191
Series 2024-7, Class A3,
5.400%, due 09/25/69^2,3		99,326		98,457
WaMu Mortgage Pass-Through Certificates Trust,
Series 2006-AR2, Class 2A1,
3.901%, due 03/25/36²		309,180		277,999

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Mortgage-backed securities—(continued)
Series 2005-AR13, Class A1A1,
1 mo. USD Term SOFR + 0.694%,
5.432%, due 10/25/45²		158,433	$	154,417
Series 2006-AR9, Class 1A,
1 yr. USD MTA + 1.000%,
6.061%, due 08/25/46²		210,732		190,614
Series 2002-AR6, Class A,
1 yr. USD MTA + 1.400%,
6.461%, due 06/25/42²		4,055		3,705
Wells Fargo Commercial Mortgage Trust,
Series 2016-NXS6, Class B,
3.811%, due 11/15/49		143,000		135,056
Series 2017-C39, Class C,
4.118%, due 09/15/50		76,000		68,082
Series 2015-NXS4, Class C,
4.671%, due 12/15/48²		54,000		51,665
Series 2024-1CHI, Class C,
6.226%, due 07/15/35^2,3		132,000		131,660
WFRBS Commercial Mortgage Trust,
Series 2014-C22, Class XA,
0.339%, due 09/15/57²		892,586		9

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Mortgage-backed securities—(continued)
WMRK Commercial Mortgage Trust,
Series 2022-WMRK, Class C,
1 mo. USD Term SOFR + 4.083%,
8.869%, due 11/15/27^2,3		3,100,000	$	3,108,719
Total mortgage-backed securities (cost—$47,642,045)				46,730,988

Municipal bonds—0.4%
California: 0.0%^†
Golden State Tobacco Securitization Corp., Revenue Bonds,
Series A-1,
3.714%, due 06/01/41		200,000		152,931

Florida: 0.1%
State Board of Administration Finance Corp., Florida Hurricane Catastrophe Fund, Revenue Bonds,
Series A,
5.526%, due 07/01/34		200,000		203,297

Illinois: 0.3%
Sales Tax Securitization Corp. Second Lien, Refunding, Revenue Bonds,
Series B,
3.057%, due 01/01/34		1,400,000		1,214,512

New York: 0.0%^†
New York City Transitional Finance Authority, Future Tax, Revenue Bonds,
Series C-2,
4.375%, due 05/01/37		200,000		190,437

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Municipal bonds—(continued)
Texas: 0.0%^†
Texas Natural Gas Securitization Finance Corp., Revenue Bonds,
Series 2023-1,Class A1
5.102%, due 04/01/35		92,691	$	94,080
Total municipal bonds (cost—$1,902,273)				1,855,257

Non-U.S. government agency obligations: 0.8%
Angola: 0.0%^†
Angola Government International Bonds
8.750%, due 04/14/32³		10,000		9,039
9.375%, due 05/08/48³		35,000		29,827
				38,866
Brazil: 0.1%
Brazil Government International Bonds
6.125%, due 03/15/34		70,000		69,336
Brazil Letras do Tesouro Nacional
0.000%, due 04/01/25¹²	BRL	800,000		132,232
				201,568
Colombia: 0.0%^†
Colombia Government International Bonds
3.000%, due 01/30/30		50,000		41,575

Costa Rica: 0.0%^†
Costa Rica Government International Bonds
7.158%, due 03/12/45⁵		30,000		31,331

Dominican Republic: 0.0%^†
Dominican Republic International Bonds
6.850%, due 01/27/45³		110,000		111,595

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Non-U.S. government agency obligations—(continued)
El Salvador: 0.0%^†
El Salvador Government International Bonds
9.500%, due 07/15/52³		25,000	$	23,625

Guatemala: 0.0%^†
Guatemala Government Bonds
3.700%, due 10/07/33³		45,000		37,167
6.550%, due 02/06/37³		15,000		15,060
				52,227
Indonesia: 0.1%
Indonesia Government International Bonds
4.625%, due 04/15/43³		165,000		153,863

Israel: 0.1%
Israel Government International Bonds
5.500%, due 03/12/34		200,000		194,000

Japan: 0.1%
Japan Bank for International Cooperation
2.875%, due 07/21/27		300,000		288,258
Japan International Cooperation Agency
2.750%, due 04/27/27		300,000		287,684
				575,942
Mexico: 0.0%^†
Mexico Government International Bonds
4.400%, due 02/12/52		175,000		124,688

Mongolia: 0.0%^†
Mongolia Government International Bonds
5.125%, due 04/07/26³		55,000		54,175

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Non-U.S. government agency obligations—(continued)
Oman: 0.0%^†
Oman Government International Bonds
6.500%, due 03/08/47³		30,000	$	30,187
7.000%, due 01/25/51³		70,000		74,594
				104,781
Panama: 0.0%^†
Panama Government International Bonds
2.252%, due 09/29/32		80,000		58,520

Paraguay: 0.1%
Paraguay Government International Bonds
3.849%, due 06/28/33³		40,000		35,487
4.950%, due 04/28/31³		70,000		68,097
5.400%, due 03/30/50³		60,000		53,119
				156,703
Poland: 0.0%^†
Republic of Poland Government International Bonds
5.125%, due 09/18/34		100,000		98,828

Qatar: 0.0%^†
Qatar Government International Bonds
4.400%, due 04/16/50³		60,000		53,100

Romania: 0.1%
Romania Government International Bonds
3.000%, due 02/14/31⁵		104,000		87,945
3.625%, due 03/27/32³		50,000		42,891
4.000%, due 02/14/51³		60,000		40,387
5.375%, due 03/22/31³	EUR	250,000		275,198
				446,421

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Non-U.S. government agency obligations—(continued)
Saudi Arabia: 0.1%
Saudi Government International Bonds
3.250%, due 11/17/51³		120,000	$	78,713
3.750%, due 01/21/55³		50,000		35,109
4.875%, due 07/18/33³		200,000		197,937
5.000%, due 01/18/53³		200,000		175,563
				487,322
South Africa: 0.0%^†
Republic of South Africa Government International Bonds
5.650%, due 09/27/47		90,000		70,312
5.750%, due 09/30/49		45,000		35,044
				105,356
United Kingdom: 0.1%
U.K. Gilts
4.375%, due 07/31/54⁵	GBP	265,000		314,937

Uruguay: 0.0%^†
Uruguay Government International Bonds
5.100%, due 06/18/50		95,000		90,155
Total non-U.S. government agency obligations (cost $3,826,666)				3,519,578

	Number of shares
Preferred stocks: 0.6%
Capital markets: 0.6%
CION Investment Corp.^*		48,000	1,231,200
Trinity Capital, Inc.		50,000	1,267,000
			2,498,200
Total preferred stocks (cost—$2,450,000)			2,498,200

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
U.S. government agency obligations: 8.6%
Federal Home Loan Mortgage Corp.
2.500%, due 02/01/51		50,557	$	41,931
2.500%, due 10/01/53		142,567		118,387
3.500%, due 05/01/52		484,561		433,778
3.500%, due 07/01/52		76,649		68,798
3.500%, due 11/01/52		494,580		442,594
4.000%, due 04/01/52		499,700		462,733
4.000%, due 10/01/52		94,584		87,643
4.500%, due 08/01/52		976,470		928,869
4.500%, due 10/01/52		220,994		210,781
5.000%, due 10/01/52		214,683		209,023
5.000%, due 11/01/52		293,180		285,463
5.000%, due 12/01/52		420,272		408,932
5.000%, due 02/01/53		217,077		211,085
5.000%, due 04/01/53		403,723		392,242
5.000%, due 05/01/53		642,267		624,117
5.000%, due 03/01/54		199,360		193,688
5.500%, due 04/01/53		514,115		509,946
5.500%, due 07/01/53		818,085		811,377
5.500%, due 08/01/53		382,593		380,393
5.500%, due 10/01/53		282,865		280,312
5.500%, due 11/01/53		231,023		229,281
5.500%, due 12/01/53		435,473		431,516
5.500%, due 03/01/54		121,034		120,435
5.500%, due 06/01/54		291,255		288,756
6.000%, due 06/01/53		205,121		207,188
6.000%, due 07/01/53		418,848		421,849
6.000%, due 08/01/53		176,524		177,681
6.000%, due 10/01/53		296,655		298,599

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
U.S. government agency obligations—(continued)
6.000%, due 12/01/53		58,279	$	58,661
6.000%, due 02/01/54		193,616		194,885
6.000%, due 03/01/54		204,676		206,003
6.000%, due 09/01/54		220,713		222,144
7.645%, due 05/01/25		89,926		89,926
Federal National Mortgage Association
2.500%, due 09/01/51		402,193		335,358
2.500%, due 10/01/51		470,985		391,540
2.500%, due 12/01/51		529,439		439,806
3.000%, due 02/01/52		949,392		822,060
3.000%, due 06/01/52		83,869		72,491
3.000%, due 07/01/52		147,406		127,031
3.000%, due 03/01/53		45,325		39,060
3.500%, due 07/01/52		26,548		23,764
3.750%, due 11/01/26^2,10,11		2,015		2,015
4.000%, due 06/01/52		498,147		462,398
4.000%, due 10/01/52		474,939		440,276
4.500%, due 10/01/52		233,039		221,944
4.500%, due 05/01/53		361,539		344,105
1 yr. CMT + 2.100%,
4.813%, due 05/01/30²		9,772		9,796
5.000%, due 10/01/52		260,364		253,272
5.000%, due 12/01/52		503,668		490,077
5.000%, due 02/01/53		435,150		423,757
5.000%, due 03/01/53		382,379		371,690
5.000%, due 04/01/53		413,447		402,375

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
U.S. government agency obligations—(continued)
5.000%, due 05/01/53		90,499	$	87,928
5.000%, due 06/01/53		645,665		627,461
5.000%, due 07/01/53		184,854		180,478
5.188%, due 11/01/34²		1,100,037		1,100,037
5.500%, due 01/01/53		416,044		412,850
5.500%, due 02/01/53		213,516		211,832
5.500%, due 03/01/53		58,140		57,689
5.500%, due 06/01/53		133,823		132,758
5.500%, due 07/01/53		283,308		280,804
5.500%, due 09/01/53		287,553		284,976
5.500%, due 10/01/53		69,280		68,655
5.500%, due 02/01/54		212,243		210,276
5.500%, due 03/01/54		188,351		186,559
5.500%, due 06/01/54		458,822		454,688
5.500%, due 07/01/54		147,090		145,930
1 yr. USD RFUCCT + 1.603%,
5.978%, due 12/01/35²		12,104		12,196
6.000%, due 06/01/53		389,944		392,822
6.000%, due 07/01/53		436,629		439,490
6.000%, due 08/01/53		43,901		44,188
6.000%, due 09/01/53		319,864		321,960
6.000%, due 10/01/53		318,658		320,746
6.000%, due 12/01/53		58,258		58,640
6.000%, due 02/01/54		126,854		128,531
1 yr. USD RFUCCT + 1.780%,
6.030%, due 11/01/35²		2,789		2,820

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
U.S. government agency obligations—(continued)
1 yr. USD RFUCCT + 1.830%,
6.205%, due 03/01/36²		13,109	$	13,282
1 yr. USD RFUCCT + 1.912%,
6.287%, due 02/01/36²		8,468		8,600
1 yr. USD RFUCCT + 1.815%,
6.323%, due 03/01/36²		14,432		14,610
1 yr. CMT + 2.405%,
6.655%, due 05/01/27²		135		134
6 mo. USD RFUCCT + 1.538%,
6.663%, due 01/01/36²		2,420		2,440
1 yr. CMT + 2.229%,
6.868%, due 04/01/27²		2,472		2,487
Government National Mortgage Association
1 yr. CMT + 1.500%,
3.625%, due 07/20/25²		132		132
1 yr. CMT + 1.500%,
4.625%, due 01/20/26²		246		245
1 yr. CMT + 1.500%,
4.875%, due 05/20/26²		850		846
5.000%, due 12/20/49		40,407		39,867
Uniform Mortgage-Backed Security, TBA
3.500%		800,000		715,438
4.000%		5,000,000		4,621,350
4.500%		1,500,000		1,424,169
5.000%¹³		2,300,000		2,234,054
5.500%		6,000,000		5,938,584
6.000%		600,000		603,738
Total U.S. government agency obligations (cost—$38,068,169)				37,506,121

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
U.S. Treasury obligations: 11.3%
U.S. Treasury Bonds
1.375% due 08/15/50		9,020,000	$	4,665,736
1.625% due 11/15/50		2,000,000		1,105,391
2.250% due 08/15/49		300,000		195,609
2.375% due 02/15/42		600,000		442,031
2.375% due 11/15/49		100,000		66,949
2.875% due 08/15/45		500,000		383,477
2.875% due 05/15/49		200,000		148,891
2.875% due 05/15/52		750,000		554,004
3.000% due 11/15/44		500,000		393,926
3.000% due 02/15/49		400,000		305,203
3.000% due 08/15/52		2,400,000		1,819,875
3.250% due 05/15/42		11,000,000		9,257,187
3.375% due 11/15/48		100,000		81,805
3.625% due 02/15/53		9,695,000		8,320,658
3.875% due 02/15/43		300,000		274,324
3.875% due 05/15/43		400,000		364,766
4.250% due 08/15/54		300,000		288,703
4.375% due 08/15/43		300,000		292,559
4.625% due 05/15/44		100,000		100,500
4.625% due 05/15/54		200,000		204,656
U.S. Treasury Inflation-Indexed Bonds
0.125% due 02/15/51		120,909		71,587
0.750% due 02/15/45		401,034		306,605
1.000% due 02/15/46		332,133		264,377
1.000% due 02/15/49		125,097		96,918
1.500% due 02/15/53		529,495		454,276

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
U.S. Treasury obligations—(continued)
2.125% due 02/15/54		205,138	$	202,971
U.S. Treasury Inflation-Indexed Notes
0.125% due 10/15/25		121,320		119,082
0.125% due 07/15/31		704,694		629,976
0.125% due 01/15/32		340,677		300,456
0.250% due 01/15/25		1,063,232		1,055,397
0.375% due 07/15/25		1,194,669		1,179,879
0.625% due 01/15/26		132,480		129,960
0.625% due 07/15/32		812,573		740,419
1.250% due 04/15/28		1,469,258		1,438,840
1.875% due 07/15/34		1,078,440		1,070,821
2.125% due 04/15/29		859,973		869,080
U.S. Treasury Notes
0.500% due 08/31/27		5,900,000		5,331,664
2.625% due 07/31/29¹³		700,000		653,953
3.500% due 09/30/29		4,865,000		4,724,751
4.250% due 12/31/24¹³		283,000		282,823
Total U.S. Treasury obligations (cost—$51,962,601)				49,190,085

	Number of shares
Common stocks: 0.7%
Mortgage real estate investment: 0.7%
Ellington Financial, Inc.,Series C^2,7 (cost—$3,025,000)		121,000	3,108,490

Exchange traded funds: 0.4%
Invesco Senior Loan ETF⁶ (cost—$1,676,021)		73,013	1,532,543

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
Short-term U.S. treasury obligations—0.6%
U.S. Treasury Bills
4.462% due 04/10/25¹⁴	$	1,300,000	$	1,274,952
5.149% due 01/23/25¹⁴		1,450,000		1,435,171
Total short-term U.S. treasury obligations (cost—$2,708,586)				2,710,123

	Number of
	shares
Short-term investments—3.1%
Investment companies: 2.5%
State Street Institutional U.S. Government Money Market Fund, 4.824%¹⁴ (cost $10,554,906)		10,554,906	10,554,906
Total Short-term investments (cost—$13,263,492)			13,265,029

Investment of cash collateral from securities loaned—2.9%
Money market funds: 2.9%
State Street Navigator Securities Lending Government Money Market Portfolio, 4.817%¹⁴ (cost—$12,545,493)		12,545,493	12,545,493

	Number of contracts		Notional amount
Options Purchased: 0.0%^†
Call options: 0.0%^†
Call USD vs. Put CNH strike @ 7.400, expires 12/06/24 (Counterparty: BNP)		100,000	USD	740,000	89
Call USD vs. Put CNH strike @ 7.375, expires 02/14/25 (Counterparty: HSBC)		100,000	USD	738,000	317
Call USD vs. Put CNH strike @ 7.325, expires 12/06/24 (Counterparty: BNP)		100,000	USD	733,000	181
Total Call options					587

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of contracts		Notional amount		Value
Options Purchased—(continued)
Put options: 0.0%^†
CDX.NA.IG.S42 strike @ 0.600, expires 11/20/24 (Counterparty: BNP)		600,000	USD	360,000	$	145
CDX.NA.IG.S42 strike @ 0.600, expires 11/20/24 (Counterparty: GSI)		600,000	USD	360,000		145
Total Put options						290

Total Options Purchased (cost—$33,890)						877

Swaptions Purchased: 0.0%^†
Put swaptions: 0.0%^†
30 Year USD SOFR Interest Rate Swap strike @ 4.329, expires 05/29/25 (Counterparty: MSCI; pay floating rate); underlying swap terminates 06/02/55		200,000	USD	200,000		3,242

Call swaptions: 0.0%^†
1 Year USD SOFR Interest Rate Swap strike @ 2.050, expires 02/19/25 (Counterparty: CITI; pay floating rate); underlying swap terminates 02/21/26		900,000	USD	900,000		1,024
5 Year USD SOFR Interest Rate Swap strike @ 2.930, expires 03/06/25 (Counterparty: CITI; pay floating rate); underlying swap terminates 03/06/30		625,000	USD	625,000		1,197
1 Year USD SOFR Interest Rate Swap strike @ 3.250, expires 03/06/25 (Counterparty: GS; pay floating rate); underlying swap terminates 03/06/26		1,700,000	USD	1,700,000		1,016

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of contracts		Notional amount		Value
Swaptions Purchased—(continued)
Call swaptions—(continued)
5 Year USD SOFR Interest Rate Swap strike @ 2.960, expires 03/10/25 (Counterparty: CITI; pay floating rate); underlying swap terminates 03/10/30		500,000	USD	500,000	$	1,054
1 Year USD SOFR Interest Rate Swap strike @ 3.250, expires 03/10/25 (Counterparty: GS; pay floating rate); underlying swap terminates 03/10/26		2,500,000	USD	2,500,000		1,557
1 Year USD SOFR Interest Rate Swap strike @ 3.250, expires 03/11/25 (Counterparty: GS; pay floating rate); underlying swap terminates 03/11/26		1,700,000	USD	1,700,000		1,077
1 Year USD SOFR Interest Rate Swap strike @ 3.250, expires 03/12/25 (Counterparty: GS; pay floating rate); underlying swap terminates 03/12/26		2,500,000	USD	2,500,000		1,612
1 Year USD SOFR Interest Rate Swap strike @ 3.250, expires 03/13/25 (Counterparty: GS; pay floating rate); underlying swap terminates 03/13/26		2,500,000	USD	2,500,000		1,640
1 Year USD SOFR Interest Rate Swap strike @ 3.250, expires 03/18/25 (Counterparty: GS; pay floating rate); underlying swap terminates 03/18/26		2,500,000	USD	2,500,000		1,732

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of contracts		Notional amount		Value
Swaptions Purchased—(continued)
Call swaptions—(continued)
5 Year USD SOFR Interest Rate Swap strike @ 2.940, expires 03/24/25 (Counterparty: CITI; pay floating rate); underlying swap terminates 03/24/30		500,000	USD	500,000	$	1,174
Total call swaptions						13,083
Total Swaptions Purchased (cost—$18,239)						16,325
Total investments before investments sold short (cost—$481,256,889)—109.6%						476,005,884

	Number of shares
Investments sold short: (0.2)%
U.S. government agency obligations: (0.2)%
Uniform Mortgage-Backed Security, TBA 5.000%	$	(700,000	)	$	(679,750	)
Total investments sold short (Proceeds—$(680,578))					(679,750	)
Total investments (cost—$480,576,311)¹⁵—109.4%					475,326,134
Liabilities in excess of other assets—(9.4)%					(40,873,748	)
Net assets—100.0%				$	434,452,386

Options written

Notional amount			Number of contracts			Call options		Counterparty		Expiration date		Premiums received				Current Value				Unrealized appreciation (depreciation)
USD	(225,000	)	(2,000	)		U.S. Treasury Note 10 Year Futures, strike @ 112.500		GSI		11/22/24		$	551			$	(594	)		$	(43	)

Notional amount		Number of contracts	Put options	Counterparty	Expiration date	Premiums received		Current Value			Unrealized appreciation (depreciation)
USD	960,000	1,200,000	CDX.NA.IG.S42, strike @ 0.800	BNP	11/20/24	$	1,081	$	(56	)	$	1,025
USD	960,000	1,200,000	CDX.NA.IG.S42, strike @ 0.800	GSI	11/20/24		1,199		(55	)		1,144
USD	217,000	2,000	U.S. Treasury Note 10 Year Futures, strike @ 108.500	GSI	11/22/24		797		(656	)		141
Total						$	3,077	$	(767	)	$	2,310
Total options written						$	3,628	$	(1,361	)	$	2,267

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

Swaptions written

Notional amount (000)		Number of contracts	Call Swaptions	Counterparty	Pay/ receive floating rate	Expiration date	Premiums received		Current value			Unrealized appreciation (depreciation)
EUR	100	100,000	10 Year USD SOFR Interest Rate Swap strike @ 2.050 terminating 02/21/35	CITI	Pay	02/19/25	$	746	$	(532	)	$	214
GBP	200	200,000	10 Year USD SOFR Interest Rate Swap strike @ 3.243 terminating 03/06/35	GS	Pay	03/06/25		1		(952	)		(951	)
EUR	700	700,000	5 Year USD SOFR Interest Rate Swap strike @ 1.958 terminating 03/10/30	CITI	Pay	03/06/25		4,127		(2,710	)		1,417
EUR	700	700,000	5 Year USD SOFR Interest Rate Swap strike @ 2.008 terminating 03/12/30	CITI	Pay	03/10/25		3,925		(3,196	)		729
GBP	300	300,000	10 Year USD SOFR Interest Rate Swap strike @ 3.255 terminating 03/10/35	GS	Pay	03/10/25		—		(1,515	)		(1,515	)
GBP	200	200,000	10 Year USD SOFR Interest Rate Swap strike @ 3.250 terminating 03/11/35	GS	Pay	03/11/25		—		(1,012	)		(1,012	)
GBP	300	300,000	10 Year USD SOFR Interest Rate Swap strike @ 3.245 terminating 03/12/35	GS	Pay	03/12/25		—		(1,520	)		(1,520	)
GBP	300	300,000	10 Year USD SOFR Interest Rate Swap strike @ 3.250 terminating 03/13/35	GS	Pay	03/13/25		—		(1,561	)		(1,561	)
GBP	300	300,000	10 Year USD SOFR Interest Rate Swap strike @ 3.250 terminating 03/18/35	GS	Pay	03/18/25		—		(1,626	)		(1,626	)
EUR	600	600,000	5 Year USD SOFR Interest Rate Swap strike @ 1.948 terminating 03/26/30	CITI	Pay	03/24/25		3,382		(2,563	)		819
EUR	100	100,000	10 Year USD SOFR Interest Rate Swap strike @ 2.140 terminating 11/05/34	BOA	Pay	11/01/24		265		—			265
USD	100	100,000	10 Year USD SOFR Interest Rate Swap strike @ 3.115 terminating 11/06/34	GS	Pay	11/04/24		355		—			355
USD	100	100,000	10 Year USD SOFR Interest Rate Swap strike @ 3.366 terminating 11/14/34	MSCI	Pay	11/12/24		397		(110	)		287
USD	100	100,000	10 Year USD SOFR Interest Rate Swap strike @ 3.365 terminating 11/20/34	GS	Pay	11/18/24		414		(172	)		242
USD	100	100,000	10 Year USD SOFR Interest Rate Swap strike @ 3.460 terminating 11/26/34	GS	Pay	11/22/24		463		(331	)		132

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

Notional amount (000)		Number of contracts	Call Swaptions	Counterparty	Pay/ receive floating rate	Expiration date	Premiums received		Current value			Unrealized appreciation (depreciation)
USD	100	100,000	10 Year USD SOFR Interest Rate Swap strike @ 3.470 terminating 11/27/34	GS	Pay	11/25/24	$	451	$	(360	)	$	91
Total							$	14,526	$	(18,160	)	$	(3,634	)

			Put Swaptions
EUR	100	100,000	10 Year USD SOFR Interest Rate Swap strike @ 2.410 terminating 11/05/34	BOA	Pay	11/01/24	$	264	$	(289	)	$	(25	)
USD	100	100,000	10 Year USD SOFR Interest Rate Swap strike @ 3.515 terminating 11/06/34	GS	Pay	11/04/24		355		(2,217	)		(1,862	)
USD	100	100,000	10 Year USD SOFR Interest Rate Swap strike @ 3.866 terminating 11/14/34	MSCI	Pay	11/12/24		396		(633	)		(237	)
USD	100	100,000	10 Year USD SOFR Interest Rate Swap strike @ 3.865 terminating 11/20/34	GS	Pay	11/18/24		414		(754	)		(340	)
USD	100	100,000	10 Year USD SOFR Interest Rate Swap strike @ 3.960 terminating 11/26/34	GS	Pay	11/22/24		464		(565	)		(101	)
USD	100	100,000	10 Year USD SOFR Interest Rate Swap strike @ 3.970 terminating 11/27/34	GS	Pay	11/25/24		451		(557	)		(106	)
Total							$	2,344	$	(5,015	)	$	(2,671	)
Total swaptions written							$	16,870	$	(23,175	)	$	(6,305	)

Futures contracts

Number of contracts	Currency		Expiration date	Current notional amount		Value		Unrealized appreciation (depreciation)

Index futures buy contracts:
4	EUR	Euro Bund 10 Year Index Futures	December 2024	$	578,781	$	573,462	$	(5,319	)
18	EUR	EURO Schatz 2 Year Index Futures	December 2024		2,087,751		2,085,999		(1,752	)
Interest rate futures buy contracts:
12	CAD	Canadian Bond 10 Year Futures	December 2024	$	1,068,735	$	1,051,373	$	(17,362	)
3	GBP	United Kingdom Long Gilt Bond Futures	December 2024		369,954		363,780		(6,174	)
U.S. Treasury futures buy contracts:
103	USD	U.S. Long Bond Futures	December 2024	$	12,855,094	$	12,150,781	$	(704,313	)
315	USD	U.S. Treasury Note 10 Year Futures	December 2024		35,873,566		34,797,656		(1,075,910	)
110	USD	U.S. Treasury Note 2 Year Futures	December 2024		22,888,042		22,653,984		(234,058	)
156	USD	U.S. Treasury Note 5 Year Futures	December 2024		17,022,257		16,728,563		(293,694	)
234	USD	Ultra U.S. Treasury Bond Futures	December 2024		31,375,332		29,396,250		(1,979,082	)

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

Number of contracts	Currency		Expiration date	Current notional amount			Value			Unrealized appreciation (depreciation)
135	USD	Ultra U.S. Treasury Note 10 Year Futures	December 2024	$	15,981,454		$	15,356,250		$	(625,204	)
Total				$	140,100,966		$	135,158,098		$	(4,942,868	)
Index futures sell contracts:
5	EUR	EURO BOBL 5 Year Index Future	December 2024	$	(646,765	)	$	(642,588	)	$	4,177
U.S. Treasury futures sell contracts:
210	USD	U.S. Treasury Note 5 Year Futures	December 2024	$	(23,056,892	)	$	(22,519,219	)	$	537,673
44	USD	Ultra U.S. Treasury Bond Futures	December 2024		(5,949,556	)		(5,527,500	)		422,056
37	USD	Ultra U.S. Treasury Note 10 Year Futures	December 2024		(4,382,425	)		(4,208,750	)		173,675
Total				$	(34,035,638	)	$	(32,898,057	)	$	1,137,581
Net unrealized appreciation (depreciation)										$	(3,805,287	)

OTC credit default swap agreements on credit indices—sell protection¹⁷

Referenced obligations	Implied credit spread as of October 31, 2024^*	Notional amount (000)		Maturity date	Payment frequency	Payments received by the Portfolio¹⁶			Upfront payments received (made)			Value		Unrealized appreciation (depreciation)
iTraxx Europe Crossover S40	N/A	EUR	100	12/20/28	Quarterly		(5.000	)%	$	(13,386	)	$	18,399	$	5,013
iTraxx Europe Crossover S40	N/A	EUR	200	12/20/28	Quarterly		(5.000	)		(26,496	)		36,812		10,316
iTraxx Europe Crossover S42	N/A	EUR	200	12/20/29	Quarterly		(5.000	)		(42,249	)		40,844		(1,405	)
Total									$	(82,131	)	$	96,055	$	13,924

* Implied credit spreads, represented in absolute terms, used in determining the market value of credit default swap agreements on corporate issues or sovereign issues as of period end serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular reference entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the reference entity’s credit soundness and greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement.

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

Centrally cleared credit default swap agreements on corporate issues—sell protection¹⁷

Referenced obligations	Implied credit spread as of October 31, 2024^*	Notional amount (000)		Maturity date	Payment frequency	Payments made by the Portfolio¹⁶		Upfront payments received (made)			Value			Unrealized appreciation (depreciation)
AT&T, Inc., 3.800%, due 06/20/28	N/A	USD	400,000	06/20/28	Quarterly		1.000	$	(1,143	)	$	7,467		$	8,610
Boeing Co., 2.600%, due 06/20/26	N/A	USD	100,000	06/20/26	Quarterly		1.000		278			585			307
Boeing Co., 2.600%, due 12/20/29	N/A	USD	300,000	12/20/29	Quarterly		1.000		(5,669	)		(3,193	)		2,476
T-Mobile USA, Inc., 4.750%, due 06/20/28	N/A	USD	200,000	06/20/28	Quarterly		5.000		25,041			32,997			7,956
Verizon Communications, Inc., 4.125%, due 06/20/28	N/A	USD	400,000	06/20/28	Quarterly		1.000		(771	)		7,626			8,397
Verizon Communications, Inc., 4.125%, due 06/20/28	N/A	USD	100,000	12/20/28	Quarterly		1.000		(196	)		1,968			2,164
Total								$	17,540		$	47,450		$	29,910

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

Centrally cleared interest rate swap agreements

Notional amount (000)		Maturity date	Payment frequency	Payments made by the portfolio¹⁶		Payments received by the portfolio¹⁶		Value			Unrealized appreciation (depreciation)
AUD	500	09/20/33	Semi-annual	6 Month AUD Bank Bill Swap		4.500	%	$	(549	)	$	6,220
AUD	300	03/20/34	Semi-annual	6 Month AUD Bank Bill Swap		4.500			(690	)		7,178
AUD	500	09/18/34	Semi-annual	6 mo. AUD Bank Bill Swap		4.500			(1,694	)		(3,909	)
AUD	300	03/19/35	Semi-annual	6 mo. AUD Bank Bill Swap		4.00			(9,091	)		(8,770	)
BRL	4,300	01/04/27	At Maturity	1 day BRL CDI		11.548			(13,552	)		(13,552	)
BRL	1,050	01/04/27	At Maturity	1 day BRL CDI		11.528			(3,396	)		(3,396	)
CAD	1,100	06/01/32	Semi-annual	3.500	%	1 dayCAD CORRA			(25,634	)		(17,129	)
CAD	300	12/20/33	Semi-annual	3.750		1 dayCAD CORRA			(11,883	)		(10,795	)
CNY	17,200	12/18/25	Quarterly	7 day CNY Repo Fixing		1.500			(3,812	)		(782	)
CNY	3,600	12/18/29	Quarterly	1.500		7 dayCNY RepoFixing			6,459			(510	)
EUR	200	03/09/33	Annual	6 Month EURIBOR		2.547			4,709			4,709
EUR	2,200	03/19/35	Annual	6 mo. EURIBOR		2.500			21,758			2,483
EUR	100	08/13/29	Semi-annual	2.700		6 mo.EURIBOR			(1,339	)		(1,339	)
EUR	100	08/14/29	Semi-annual	2.650		6 mo.EURIBOR			(1,080	)		(1,080	)
EUR	100	09/25/29	Semi-annual	2.300		6 mo.EURIBOR			513			513
EUR	1,000	03/19/55	Semi-annual	2.250		6 mo.EURIBOR			(22,079	)		(19,652	)
GBP	400	09/18/29	Annual	1 day GBP SONIA		4.000			(1,861	)		(8,596	)
USD	400	05/31/28	Annual	3.807		1 day USD SOFR			2,754			2,754
USD	200	06/20/29	Annual	3.750		1 day USD SOFR			1,457			2,910
USD	800	12/18/29	Annual	3.750		1 day USD SOFR			114			15,147
USD	100	10/31/30	Annual	3.727		1 day USD SOFR			1,286			1,286

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

Notional amount (000)		Maturity date	Payment frequency	Payments made by the portfolio¹⁶		Payments received by the portfolio¹⁶	Value			Unrealized appreciation (depreciation)
USD	100	10/31/30	Annual	3.722	%	1 day USD SOFR	$	1,316		$	1,316
USD	200	10/31/30	Annual	3.739		1 day USD SOFR		2,424			2,424
USD	100	10/31/30	Annual	3.732		1 day USD SOFR		1,257			1,257
USD	675	04/30/31	Annual	3.694		1 day USD SOFR		4,824			4,824
USD	300	06/30/31	Annual	3.350		1 day USD SOFR		7,162			7,609
USD	300	07/02/31	Annual	3.300		1 day USD SOFR		8,021			12,283
USD	100	07/05/31	Annual	3.100		1 day USD SOFR		3,827			4,017
USD	300	06/15/32	Annual	1.750		1 day USD SOFR		44,097			8,832
USD	1,200	06/21/33	Annual	3.000		1 day USD SOFR		77,864			59,067
USD	1,690	08/15/33	Annual	3.687		1 day USD SOFR		16,161			16,161
USD	700	08/15/33	Annual	3.734		1 day USD SOFR		4,180			4,180
USD	300	08/15/33	Annual	3.763		1 day USD SOFR		1,129			1,129
USD	200	08/15/33	Annual	3.753		1 day USD SOFR		908			908
USD	700	08/15/33	Annual	3.717		1 day USD SOFR		5,107			5,107
USD	300	08/15/33	Annual	3.745		1 day USD SOFR		1,543			1,543
USD	300	08/15/33	Annual	3.754		1 day USD SOFR		1,334			1,334
USD	100	11/22/33	Annual	4.250		1 day USD SOFR		(2,651	)		(2,651	)
USD	100	12/19/33	Annual	3.950		1 day USD SOFR		(177	)		(177	)
USD	600	12/20/33	Annual	3.500		1 day USD SOFR		22,047			19,212
USD	100	01/08/34	Annual	3.648		1 day USD SOFR		2,332			2,332
USD	100	01/08/34	Annual	3.670		1 day USD SOFR		2,139			2,139
USD	100	01/09/34	Annual	3.594		1 day USD SOFR		2,784			2,784
USD	100	08/05/34	Annual	3.850		1 day USD SOFR		(256	)		(256	)
USD	100	08/06/34	Annual	3.795		1 day USD SOFR		200			200
USD	100	08/07/34	Annual	3.645		1 day USD SOFR		1,450			1,450
USD	100	08/07/34	Annual	3.715		1 day USD SOFR		864			864

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

Notional amount (000)		Maturity date	Payment frequency	Payments made by the portfolio¹⁶		Payments received by the portfolio¹⁶	Value			Unrealized appreciation (depreciation)
USD	100	08/13/34	Annual	3.679	%	1 day USD SOFR	$	1,139		$	1,139
USD	100	08/19/34	Annual	3.595		1 day USD SOFR		1,815			1,815
USD	100	08/21/34	Annual	3.558		1 day USD SOFR		2,114			2,114
USD	100	08/22/34	Annual	3.613		1 day USD SOFR		1,650			1,650
USD	100	08/28/34	Annual	3.565		1 day USD SOFR		2,024			2,024
USD	100	08/28/34	Annual	3.599		1 day USD SOFR		1,741			1,741
USD	100	08/28/34	Annual	3.611		1 day USD SOFR		1,641			1,641
USD	100	08/28/34	Annual	3.643		1 day USD SOFR		1,374			1,374
USD	300	02/18/35	Annual	4.095		1 day USD SOFR		(8,412	)		(8,412	)
USD	1,800	06/20/54	Annual	3.500		1 day USD SOFR		62,513			17,802
USD	200	12/18/54	Annual	3.500		1 day USD SOFR		5,069			341
USD	1,600	05/31/25	At Maturity	5.160		1 day USD SOFR		(5,914	)		(5,879	)
USD	800	12/18/25	At Maturity	3.500		1 day USD SOFR		4,324			4,009
Total							$	223,354		$	132,937

OTC credit default swap agreements on corporate issues—sell protection¹⁷

Counterparty

Referenced
obligations

Notional
amount
(000)

Maturity
date

Payment
frequency

Payments
made by
the

Portfolio¹⁶

Upfront
payments
received
(made)

Value

Unrealized
appreciation
(depreciation)

JPMCB

Banco do Brasil SA, 4.625%, due 12/20/24

USD

100

12/20/24

Quarterly

(1.000

)

(165

)

197

362

Forward foreign currency contracts

Counterparty

Sell

Purchase

Settlement
date

Unrealized
appreciation
(depreciation)

USD

17,867

TRY

673,684

01/06/25

599

USD

27,352

TRY

1,031,141

01/09/25

815

USD

27,798

TRY

1,046,588

01/23/25

339

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

Counterparty	Sell		Purchase		Settlement date	Unrealized appreciation (depreciation)
BB	USD	62,219	TRY	2,350,058	01/27/25	$	678
BB	USD	157,058	CNH	1,121,159	02/18/25		1,474
BB	EUR	3,100,000	USD	3,465,508	11/04/24		93,483
BB	USD	217,549	AUD	316,000	11/04/24		(9,590	)
BB	USD	96,693	TRY	3,600,946	11/19/24		6,865
BB	USD	92,991	TRY	3,502,597	11/25/24		7,065
BB	USD	28,768	TRY	1,083,604	11/26/24		2,152
BB	USD	55,849	TRY	2,081,326	11/29/24		3,343
BB	USD	12,133	TRY	455,182	12/13/24		630
BNP	BRL	569,303	USD	101,273	01/03/25		3,449
BNP	TWD	498,308	USD	15,694	01/22/25		27
BNP	CAD	362,000	USD	267,936	11/04/24		7,917
BNP	USD	215,073	EUR	199,000	11/04/24		1,389
BNP	USD	1,205,459	GBP	928,000	11/04/24		(8,849	)
BNP	USD	19,893	JPY	3,034,577	11/05/24		79
BNP	TWD	451,180	USD	14,218	11/18/24		118
BNP	TWD	460,410	USD	14,360	11/18/24		(29	)
BNP	USD	15,694	TWD	502,554	11/18/24		12
BNP	USD	34,000	TWD	1,062,311	11/18/24		(800	)
BNP	CNH	398,794	USD	56,103	11/20/24		43
BNP	USD	451,212	CNH	3,198,000	11/20/24		(1,659	)
BNP	GBP	928,000	USD	1,205,412	12/03/24		8,852
BNP	JPY	3,023,622	USD	19,893	12/03/24		(79	)
BNP	CNH	9,320,115	USD	1,295,000	12/10/24		(16,850	)
BNP	USD	285,560	CNH	2,047,894	12/10/24		2,691
BNP	USD	41,389	MXN	834,034	12/11/24		28
BNP	USD	56,103	CNH	398,031	12/18/24		(49	)
BNP	USD	184	MXN	3,595	12/18/24		(6	)
BOA	CNH	1,121,746	USD	157,058	02/18/25		(1,557	)
BOA	USD	84,413	EUR	76,000	11/04/24		(1,744	)
BOA	USD	212,785	GBP	164,000	11/04/24		(1,315	)
BOA	JPY	8,200,000	USD	57,309	11/05/24		3,340
BOA	CNH	397,159	USD	55,769	11/20/24		(61	)
BOA	USD	55,769	CNH	396,406	12/18/24		57
CITI	EUR	3,652,011	USD	4,076,079	01/16/25		90,956
CITI	GBP	450,000	USD	602,764	01/16/25		22,623
CITI	JPY	384,930	USD	2,725	01/16/25		167
CITI	USD	233,810	JPY	33,000,000	01/16/25		(14,508	)
CITI	USD	844,476	MXN	16,941,377	01/16/25		(8,145	)
CITI	TWD	742,535	USD	23,413	01/22/25		67
CITI	USD	325,754	BRL	1,882,860	02/04/25		(3,758	)
CITI	BRL	1,861,360	USD	325,754	11/04/24		3,770
CITI	USD	331,472	BRL	1,861,360	11/04/24		(9,487	)
CITI	TWD	2,781,350	USD	87,604	11/18/24		682
CITI	TWD	945,361	USD	29,436	11/18/24		(109	)
CITI	USD	15,474	TWD	495,810	11/18/24		21
CITI	USD	7,939	TWD	252,937	11/18/24		(34	)
CITI	CNH	404,565	USD	56,773	11/20/24		(98	)
CITI	USD	750,000	CNH	5,399,540	12/10/24		10,011

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

Counterparty	Sell		Purchase			Settlement date	Unrealized appreciation (depreciation)
CITI	USD	56,773		CNH	403,791	12/18/24	$	93
DB	USD	112,055		MXN	2,267,039	02/13/25		(639	)
GS	USD	50,474		MXN	1,027,646	02/11/25		46
GS	BRL	800,000		USD	143,432	04/02/25		7,817
GS	USD	11,266		JPY	1,723,022	11/05/24		74
GS	TWD	493,669		USD	15,682	11/18/24		254
GS	USD	49,000		TWD	1,533,689	11/18/24		(1,068	)
GS	MYR	102,998		USD	24,065	11/20/24		524
GS	JPY	1,716,791		USD	11,266	12/03/24		(74	)
GSI	HUF	1,062,600		USD	2,949	01/16/25		128
GSI	JPY	29,827,067		USD	211,750	01/16/25		13,535
GSI	USD	2,969		HUF	1,062,600	01/16/25		(148	)
GSI	USD	214,515		JPY	30,501,775	01/16/25		(11,815	)
GSI	USD	218,554		MXN	4,390,000	01/16/25		(1,836	)
GSI	USD	165,000		BRL	907,632	11/08/24		(8,094	)
HSBC	AUD	362,000		USD	241,012	11/04/24		2,780
HSBC	EUR	50,000		USD	54,317	11/04/24		(71	)
HSBC	GBP	928,000		USD	1,241,150	11/04/24		44,540
HSBC	USD	495,808		EUR	459,000	11/04/24		3,469
HSBC	TWD	477,967		USD	14,980	11/18/24		42
HSBC	TWD	279,302		USD	8,660	11/18/24		(69	)
HSBC	CNH	54,000		USD	7,578	11/20/24		(13	)
HSBC	AUD	46,000		USD	30,205	12/03/24		(77	)
JPMCB	USD	24,414		TRY	1,087,400	05/06/25		2,045
JPMCB	USD	25,024		TRY	1,112,198	05/08/25		1,987
JPMCB	USD	2,830,476		EUR	2,615,000	11/04/24		13,990
JPMCB	USD	25,893		TRY	958,679	11/06/24		2,038
JPMCB	USD	24,414		TRY	905,027	11/07/24		1,931
JPMCB	USD	43,955		TRY	1,734,634	11/08/24		6,497
JPMCB	TWD	463,574		USD	14,266	11/18/24		(222	)
JPMCB	USD	45,459		TRY	1,704,053	11/21/24		3,438
JPMCB	USD	30,172		TRY	1,134,467	11/26/24		2,199
JPMCB	EUR	2,615,000		USD	2,833,868	12/03/24		(13,957	)
JPMCB	USD	21,563		TRY	812,891	12/04/24		1,427
JPMCB	CNH	2,048,865		USD	285,560	12/10/24		(2,827	)
JPMCB	USD	34,175		TRY	1,289,937	12/11/24		2,063
JPMCB	USD	24,620		TRY	923,264	12/17/24		1,169
JPMCB	USD	36,098		TRY	1,360,339	12/19/24		1,828
Net unrealized appreciation (depreciation)							$	268,019

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

Fair valuation summary

Description	Unadjusted quoted prices in active market for identical investments (Level 1)			Other significant observable inputs (Level 2)			Unobservable inputs (Level 3)		Total
Assets
Common stocks	$	3,108,490		$	—		$	—	$	3,108,490
Preferred stocks		2,498,200			—			—		2,498,200
Exchange traded funds		1,532,543			—			—		1,532,543
Asset-backed securities		—			71,446,083			—		71,446,083
Corporate bonds		—			197,641,322			—		197,641,322
Loan assignments		—			32,752,493			2,397,000		35,149,493
Mortgage-backed securities		—			46,730,988			—		46,730,988
Municipal bonds		—			1,855,257			—		1,855,257
Non-U.S. government agency obligations		—			3,519,578			—		3,519,578
U.S. government agency obligations		—			37,504,106			2,015		37,506,121
U.S. Treasury obligations		—			49,190,085			—		49,190,085
Short-term investments
Investment companies		—			10,554,906			—		10,554,906
Short-term U.S. treasury obligations		—			2,710,123			—		2,710,123
Options purchased		—			877			—		877
Investment of cash collateral from securities loaned		—			12,545,493			—		12,545,493
Swaptions Purchased		—			16,325			—		16,325
Futures contracts		1,137,581			—			—		1,137,581
Swap agreements		—			484,319			—		484,319
Forward foreign currency contracts		—			387,656			—		387,656
Total	$	8,276,814		$	467,339,611		$	2,399,015	$	478,015,440

Liabilities
Investments sold short
U.S. government agency obligations	$	—		$	(679,750	)	$	—	$	(679,750	)
Options written		(1,250	)		(111	)		—		(1,361	)
Swaptions written		—			(23,175	)		—		(23,175	)
Futures contracts		(4,942,868	)		—			—		(4,942,868	)
Swap agreements		—			(117,263	)		—		(117,263	)
Forward foreign currency contracts		—			(119,637	)		—		(119,637	)
Total	$	(4,944,118	)	$	(939,936	)	$	—	$	(5,884,054	)

At October 31, 2024, there were no transfers in or out of Level 3.

Securities valued using unobservable inputs, i.e. Level 3, were not considered significant to the Fund.

PACE Strategic Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

Portfolio footnotes

†	Amount represents less than 0.05% or (0.05)%.
*	Non–income producing security.
1	In U.S. dollars unless otherwise indicated.
2	Floating or variable rate securities. The rates disclosed are as of October 31, 2024. For securities based on a published reference rate and spread, the reference rate and spread are indicated within the description. Variable rate securities with a floor or ceiling feature are disclosed at the inherent rate, where applicable. Certain variable rate securities are not based on a published reference rate and spread, but are determined by the issuer or agent and are based on current market conditions; these securities do not indicate a reference rate and spread in the description.
3	Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933. These securities are considered liquid, unless noted otherwise, and may be resold in transactions exempt from registrations, normally to qualified institutional buyers. Securities exempt from registration pursuant to Rule 144A, in the amount of $176,118,409, represented 40.5% of the Portfolios net assets at period end.
4	Security purchased on a when–issued basis. When–issued refers to a transaction made conditionally because a security, although authorized, has not yet been issued.
5	Security was purchased pursuant to Regulation S under the Securities Act of 1933, which exempts from registration securities offered and sold outside of the United States. Such a security cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration.
6	Security, or portion thereof, was on loan at the period end.
7	Perpetual investment. Date shown reflects the next call date.
8	Bond interest in default.
9	Position is unsettled. Contract rate was not determined at October 31, 2024 and does not take effect until settlement.
10	Security fair valued by the Valuation Committee under the direction of the Board of Trustees.
11	Significant unobservable inputs were used in the valuation of this security; i.e. Level 3.
12	Zero coupon bond.
13	Security, or portion thereof, pledged as collateral for investments sold short, written options, futures and/or swap agreements.
14	Rates shown reflect yield at October 31, 2024.
15	Includes $17,158,376 of investments in securities on loan, at value plus accrued interest and dividends, if any. The Fund includes cash collateral of $12,545,493 and non-cash collateral of $5,028,038.
16	Payments made or received are based on the notional amount.
17	If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced obligation or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced obligation.

PACE Municipal Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
Municipal bonds—98.7%
Alabama: 3.7%
County of Jefferson AL Sewer Revenue, Refunding, Revenue Bonds,
5.000%, due 10/01/32	$	1,000,000	$	1,095,365
5.000%, due 10/01/39		1,000,000		1,078,932
County of Jefferson AL Sewer Revenue, Revenue Bonds,
5.000%, due 10/01/38		1,000,000		1,082,623
5.250%, due 10/01/40		750,000		819,334
Lower Alabama Gas District, Gas Project, Revenue Bonds,
4.000%, due 12/01/50¹		2,500,000		2,508,986
				6,585,240
Arizona: 3.2%
Arizona Industrial Development Authority, Equitable School Revolving Fund LLC Obligated Group, Revenue Bonds,
Series A,
4.000%, due 11/01/35		2,000,000		2,019,695
Arizona Industrial Development Authority, Revenue Bonds,
Series 2019-2,Class A
3.625%, due 05/20/33		908,013		862,142
Chandler Industrial Development Authority, Intel Corp., Revenue Bonds,
4.000%, due 06/01/49¹		750,000		750,167
City of Phoenix Civic Improvement Corp., City of Phoenix AZ Airport, Revenue Bonds, AMT,
Series B,
5.000%, due 07/01/30		1,000,000		1,058,156
Salt Verde Financial Corp., Revenue Bonds,
5.000%, due 12/01/32		1,000,000		1,074,959
				5,765,119
Arkansas: 0.8%
City of Fort Smith AR Water & Sewer, Refunding, Revenue Bonds,
5.000%, due 10/01/34		1,320,000		1,393,495

California: 1.4%
California Housing Finance Agency, Revenue Bonds,
Series 2021-1,Class A
3.500%, due 11/20/35		1,418,118		1,359,728
San Francisco City & County Airport Comm-San Francisco International Airport, Refunding, Revenue Bonds,
Series A- SAN FRANCIS, 5.000%, due 05/01/39		1,000,000		1,073,396
				2,433,124

PACE Municipal Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
Municipal bonds—(continued)
Colorado: 0.1%
Colorado Heakth Facilities Authority, AdventHealth Obligated Group, Refunding, Revenue Bonds,
Series B,
5.000%, due 11/15/49¹	$	140,000	$	145,742

Connecticut: 1.5%
State of Connecticut Special Tax, Revenue Bonds,
Series A,
4.000%, due 05/01/36		1,000,000		1,020,117
Series A,
4.000%, due 05/01/39		1,650,000		1,666,805
				2,686,922
District of Columbia: 0.9%
District of Columbia, Income Tax Revenue, Revenue Bonds,
Series A,
5.000%, due 07/01/41		1,500,000		1,638,058

Florida: 3.6%
Central Florida Expressway Authority Senior Lien, Revenue Bonds, (AGM),
Series D,
5.000%, due 07/01/35		1,500,000		1,658,232
City of Jacksonville FL, Refunding, Revenue Bonds,
Series A,
5.000%, due 10/01/39		750,000		831,262
County of Miami-Dade FL Water & Sewer System, Revenue Bonds,
Series B,
5.000%, due 10/01/40		1,250,000		1,387,957
County of Polk FL Utility System, Refunding, Revenue Bonds,
5.000%, due 10/01/35		625,000		685,077
JEA Electric System, Refunding, Revenue Bonds,
Series 3A,
5.000%, due 10/01/34		1,630,000		1,770,367
				6,332,895
Georgia: 3.6%
Fulton County Development Authority of Georgia, WellStar Health System, Revenue Bonds,
Series A,
5.000%, due 04/01/36		1,000,000		1,029,228
Georgia Ports Authority, Revenue Bonds,
5.000%, due 07/01/41		1,500,000		1,639,480
Main Street Natural Gas, Inc., Revenue Bonds,
Series A,
5.500%, due 09/15/28		1,500,000		1,596,598
Series C,
5.000%, due 09/01/53¹		1,000,000		1,063,620

PACE Municipal Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
Municipal bonds—(continued)
Georgia—(continued)
Municipal Electric Authority of Georgia, Plant Vogtle Unis 3&4 Project, Revenue Bonds,
Series A,
5.000%, due 01/01/33	$	1,000,000	$	1,048,836
				6,377,762
Hawaii: 0.6%
Hawaii Airports System, Revenue Bonds, AMT,
Series A,
5.000%, due 07/01/29		1,000,000		1,048,325

Illinois: 8.7%
Chicago Midway International Airport, Revenue Bonds,
Series C,
5.000%, due 01/01/34		1,500,000		1,611,505
Chicago O'Hare International Airport Senior Lien, Refunding, Revenue Bonds,
Series B,
5.000%, due 01/01/35		1,000,000		1,010,929
City of Chicago IL Wastewater Transmission Revenue, Refunding, Revenue Bonds, (BAM),
Series A,
5.000%, due 01/01/38		1,700,000		1,908,667
City of Chicago IL, GO Bonds,
Series A,
5.000%, due 01/01/44		500,000		512,577
City of Chicago IL, Refunding, GO Bonds,
Series A,
4.000%, due 01/01/35		1,250,000		1,241,459
Illinois County of Cook Sales Tax, Refunding, Revenue Bonds,
5.000%, due 11/15/35		2,500,000		2,610,003
Illinois Finance Authority, University of Chicago, Refunded, Revenue Bonds,
Series A,
5.250%, due 04/01/43		900,000		1,002,076
Illinois Municipal Electric Agency, Refunding, Revenue Bonds,
Series A,
5.000%, due 02/01/32		2,500,000		2,523,058
Regional Transportation Authority, Revenue Bonds, (NATL),
6.500%, due 07/01/30		1,000,000		1,128,974
Sales Tax Securitization Corp. Second Lien, Refunding, Revenue Bonds,
Series A,
5.000%, due 01/01/36		1,770,000		1,892,317
				15,441,565

PACE Municipal Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
Municipal bonds—(continued)
Indiana: 5.8%
Indiana Finance Authority First Lien, CWA Authority, Inc., Refunding, Revenue Bonds,
Series 1,
4.000%, due 10/01/36	$	2,020,000	$	2,056,830
Indiana Finance Authority, Indiana University Health Inc Obligated Group, Revenue Bonds,
Series B,
2.250%, due 12/01/58¹		5,250,000		5,186,716
Indiana Finance Authority, Marion County Capital Improvement Board, Refunding, Revenue Bonds,
Series A,
5.250%, due 02/01/35		1,000,000		1,009,424
Richmond Hospital Authority, Reid Hospital & Health Care Services, Inc., Refunding, Revenue Bonds,
Series A,
5.000%, due 01/01/30		2,055,000		2,058,063
				10,311,033
Iowa: 0.3%
Iowa Tobacco Settlement Authority, Refunding, Revenue Bonds,
Series A-2,Class 1
5.000%, due 06/01/33		500,000		538,714

Kentucky: 1.8%
Kentucky Public Energy Authority, Revenue Bonds,
Series A,
4.000%, due 12/01/50¹		1,000,000		1,004,605
Series A-1,
5.250%, due 04/01/54¹		2,000,000		2,171,906
				3,176,511
Louisiana: 2.5%
Jefferson Sales Tax District, Revenue Bonds, (AGM),
Series B,
4.000%, due 12/01/32		1,895,000		1,943,732
New Orleans Aviation Board, Louis Armstrong New Orleans International Airport, Revenue Bonds, AMT, (AGM),
Series B,
5.000%, due 01/01/28		1,500,000		1,503,277
Parish of St John the Baptist LA, Marathon Oil Corp, Refunding, Revenue Bonds,
Series A-3,
2.200%, due 06/01/37¹		1,000,000		977,156
				4,424,165
Massachusetts: 1.2%
Commonwealth of Massachusetts, GO Bonds,
Series D,
4.000%, due 05/01/34		2,000,000		2,038,021

PACE Municipal Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
Municipal bonds—(continued)
Michigan: 2.5%
Detroit Downtown Development Authority, Catalyst Development Area, Refunding, Tax Allocation Bonds,
5.000%, due 07/01/38	$	1,000,000	$	1,093,067
Michigan State Strategic Fund Improvement Project, State of Michigan Department of Transportation, Revenue Bonds, AMT,
Series P3,
5.000%, due 06/30/32		3,300,000		3,414,925
				4,507,992
Missouri: 1.1%
Missouri State Health & Educational Facilities Authority, Coxhealth, Refunding, Revenue Bonds,
Series A,
5.000%, due 11/15/34		2,000,000		2,018,690

Nebraska: 0.8%
Nebraska Public Power District, Refunding, Revenue Bonds,
Series A,
5.000%, due 01/01/31		1,300,000		1,376,671

Nevada: 0.3%
City of Reno Reno First Lien, County of Washoe NV Sales Tax Revenue, Refunding, Revenue Bonds,
Series A,
5.000%, due 06/01/33		500,000		527,294

New Jersey: 4.1%
New Jersey Health Care Facilities Financing Authority, Valley Health System, Revenue Bonds,
5.000%, due 07/01/33		1,000,000		1,068,437
Tobacco Settlement Financing Corp., Refunding, Revenue Bonds,
Series A,
5.000%, due 06/01/34		6,000,000		6,259,885
				7,328,322
New Mexico: 1.2%
New Mexico Educational Assistance Foundation, Refunding, Revenue Bonds,
Series 1A,
5.000%, due 09/01/28		2,000,000		2,093,449

New York: 7.8%
City Of New York NY, GO Bonds,
Series B, Subseries B-1,
5.250%, due 10/01/41		1,180,000		1,305,463
City of New York, Refunding, GO Bonds,
Series A-1,
5.000%, due 08/01/32		1,270,000		1,396,518
New York State Dormitory Authority, Personal Income Tax, Refunding, Revenue Bonds,
Series E,
4.000%, due 03/15/42		2,860,000		2,819,502

PACE Municipal Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
Municipal bonds—(continued)
New York—(continued)
New York State Urban Development Corp., Personal Income Tax, Revenue Bonds,
Series A,
4.000%, due 03/15/39	$	2,190,000	$	2,208,357
New York Transportation Development Corp., JFK International Air Terminal LLC, Revenue Bonds, AMT,
5.000%, due 12/01/35		2,000,000		2,112,467
5.000%, due 12/01/36		1,000,000		1,053,004
New York Transportation Development Corp., JFK NTO LLC, Revenue Bonds, (AGM),
4.250%, due 06/30/42		1,000,000		976,481
New York Transportation Development Corp., Laguardia Gateway Partners LLC, Revenue Bonds, AMT,
Series A-P3,
5.000%, due 07/01/34		1,000,000		1,001,198
TSASC, Inc., Refunding, Revenue Bonds,
Series A,
5.000%, due 06/01/34		1,000,000		1,031,157
				13,904,147
North Carolina: 0.9%
Charlotte NC Airport Revenue, Revenue Bonds,
Series B,
5.000%, due 07/01/36		1,540,000		1,640,716

North Dakota: 0.8%
North Dakota Housing Finance Agency, Revenue Bonds,
Series C,
5.000%, due 07/01/42		1,330,000		1,406,474

Ohio: 3.0%
Ohio Water Development Authority Water Pollution Control Loan Fund, Revenue Bonds,
Series A,
5.000%, due 12/01/41		1,500,000		1,676,196
Ohio Water Development Authority, Revenue Bonds,
Series A,
5.000%, due 12/01/39		1,500,000		1,684,403
State of Ohio, Cleveland Clinic Health System Obligated Group, Revenue Bonds,
Series C,
2.750%, due 01/01/52¹		1,980,000		1,938,906
				5,299,505
Oklahoma: 0.4%
Oklahoma Municipal Power Authority, Power Supply System, Revenue Bonds, (AGM),
Series A,
4.000%, due 01/01/33		650,000		667,028

PACE Municipal Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
Municipal bonds—(continued)
Pennsylvania: 9.5%
Allegheny County Hospital Development Authority, Allegheny Health Network Obligated Group, Refunding, Revenue Bonds,
Series A,
5.000%, due 04/01/29	$	3,190,000	$	3,354,137
Commonwealth Financing Authority, Tobacco Master Settlement Payment, Revenue Bonds,
5.000%, due 06/01/31		1,500,000		1,587,863
Pennsylvania Economic Development Financing Authority, The Penndot Major Bridges, Revenue Bonds,
5.000%, due 06/30/34		2,200,000		2,337,745
Pennsylvania Housing Finance Agency, Refunding, Revenue Bonds,
Series 134B,
5.000%, due 10/01/27		1,250,000		1,288,811
Philadelphia Airport PA, Refunding, Revenue Bonds, AMT,
Series B,
5.000%, due 07/01/32		1,250,000		1,286,260
Philadelphia Authority for Industrial Development, Revenue Bonds,
5.000%, due 05/01/38		2,300,000		2,548,207
Philadelphia School District Prerefunded, GO Bonds, (State Aid Withholding),
Series F,
5.000%, due 09/01/30		10,000		10,378
Philadelphia School District, GO Bonds, (State Aid Withholding),
Series A,
4.000%, due 09/01/35		1,500,000		1,514,646
Series A,
5.000%, due 09/01/31		1,000,000		1,049,921
Southeastern Pennsylvania Transportation Authority,Revenue Bonds,
5.250%, due 06/01/40		1,750,000		1,941,596
				16,919,564
Rhode Island: 1.9%
Rhode Island Health and Educational Building Corp., State of Rhode Island, Revenue Bonds, (Short-Term Appropriation),
4.000%, due 05/15/42		2,300,000		2,244,427
Rhode Island Student Loan Authority, Student Loan, Revenue Bonds, AMT,
Series A-SENIOR BONDS,
5.000%, due 12/01/30		1,125,000		1,188,332
				3,432,759

PACE Municipal Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
Municipal bonds—(continued)
South Carolina: 0.9%
Piedmont Municipal Power Agency, Catawba Project Power Sales, Refunding, Revenue Bonds,
Series B,
4.000%, due 01/01/34	$	1,500,000	$	1,507,870

Tennessee: 4.0%
Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board, Lipscomb University, Refunding, Revenue Bonds,
Series A,
5.000%, due 10/01/35		1,350,000		1,399,848
Metropolitan Government of Nashville & Davidson County TN, GO Bonds,
4.000%, due 07/01/33		1,500,000		1,525,702
Series C,
4.000%, due 01/01/32		3,000,000		3,146,209
Tennessee Energy Acquisition Corp., Revenue Bonds,
Series A,
5.250%, due 09/01/26		1,000,000		1,021,670
				7,093,429
Texas: 11.1%
Board of Regents of the University of Texas System, Refunding, Revenue Bonds,
Series A,
5.000%, due 08/15/37		1,000,000		1,137,720
Brazos Higher Education Authority, Inc., Student Loan Program, Revenue Bonds, AMT,
Series 1A,
5.000%, due 04/01/30		1,000,000		1,053,806
Central Texas Turnpike System, Refunding, Revenue Bonds,
Series C,
5.000%, due 08/15/37		2,500,000		2,767,029
City of El Paso TX, GO Bonds,
5.000%, due 08/15/34		2,000,000		2,043,524
Dayton Independent School District, GO Bonds, (PSF-GTD),
4.000%, due 02/15/40		1,400,000		1,387,711
Garland Independent School District, GO Bonds, (PSF-GTD),
Series A,
5.000%, due 02/15/42		2,000,000		2,182,009
Harris County Cultural Education Facilities Finance Corp., Texas Children's Hospital, Refunding, Revenue Bonds,
Series A,
4.000%, due 10/01/35		1,750,000		1,746,622

PACE Municipal Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
Municipal bonds—(continued)
Texas—(continued)
Harris County-Houston Sports Authority Senior Lien, Refunding, Revenue Bonds,
Series A,
5.000%, due 11/15/29	$	1,000,000	$	1,001,005
Katy Independent School District, CIB, Refunding, GO Bonds, (PSF-GTD),
Series A,
3.000%, due 02/15/32		2,375,000		2,270,273
Midland Independent School District, GO Bonds, (PSF-GTD),
5.000%, due 02/15/37		1,680,000		1,869,247
Plano Independent School District, GO Bonds,
5.000%, due 02/15/43		1,000,000		1,077,313
Texas Municipal Gas Acquisition & Supply Corp. IV, Revenue Bonds,
Series B,
5.500%, due 01/01/54¹		1,000,000		1,119,036
				19,655,295
Virginia: 1.4%
Virginia Small Business Financing Authority, Capital Beltway Express LLC, Refunding, Revenue Bonds,
5.000%, due 12/31/42		1,000,000		1,046,860
Winchester Economic Development Authority, Valley Health Obligated Group, Refunding, Revenue Bonds,
Series A,
5.000%, due 01/01/39		1,350,000		1,486,784
				2,533,644
Washington: 3.9%
Energy Northwest, Bonneville Power Administration, Refunding, Revenue Bonds,
Series A,
5.000%, due 07/01/35		1,250,000		1,399,147
Grant County Public Utility District No. 2 Electric Revenue, Refunding, Revenue Bonds,
Series R,
2.000%, due 01/01/44¹		1,000,000		982,592
Port of Seattle, Revenue Bonds, AMT,
Series C,
5.000%, due 04/01/32		1,000,000		1,000,474
State of Washington, GO Bonds,
Series B,
5.000%, due 02/01/43		1,000,000		1,087,953
State of Washington, Refunding, GO Bonds,
Series R-2022-C,
4.000%, due 07/01/36		1,500,000		1,542,738

PACE Municipal Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount		Value
Municipal bonds—(continued)
Washington—(continued)
Washington State Housing Finance Commission, Revenue Bonds,
Series A-1,
3.500%, due 12/20/35	$	948,674	$	892,530
				6,905,434
Wisconsin: 3.4%
City of Milwaukee WI , GO Bonds, (AGM),
Series B4,
5.000%, due 04/01/35		2,000,000		2,218,637
Public Finance Authority KU, Campus Development Corp. project, University of Kansas, Revenue Bonds,
5.000%, due 03/01/34		1,500,000		1,527,746
Public Finance Authority, Duke Energy Progress LLC, Refunding, Revenue Bonds,
Series A-2,
3.700%, due 10/01/46¹		2,330,000		2,309,805
				6,056,188
Total municipal bonds (cost—$179,770,540)				175,211,162

	Number of shares
Short-term investments—0.2%
Investment companies: 0.2%
State Street Institutional U.S. Government Money Market Fund, 4.824%² (cost $393,982)		393,982	$	393,982
Total investments (cost—$180,164,522)—98.9%				175,605,144
Other assets in excess of liabilities—1.1%				2,023,423
Net assets—100.0%			$	177,628,567

PACE Municipal Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

Fair valuation summary

Description	Unadjusted quoted prices in active market for identical investments (Level 1)		Other significant observable inputs (Level 2)		Unobservable inputs (Level 3)		Total
Assets
Municipal bonds	$	—	$	175,211,162	$	—	$	175,211,162
Short-term investments		—		393,982		—		393,982
Total	$	—	$	175,605,144	$	—	$	175,605,144

At October 31, 2024, there were no transfers in or out of Level 3.

Portfolio footnotes

Floating or variable rate securities. The rates disclosed are as of October 31, 2024. For securities based on a published reference rate and spread, the reference rate and spread are indicated within the description. Variable rate securities with a floor or ceiling feature are disclosed at the inherent rate, where applicable. Certain variable rate securities are not based on a published reference rate and spread, but are determined by the issuer or agent and are based on current market conditions; these securities do not indicate a reference rate and spread in the description.

Rates shown reflect yield at October 31, 2024.

PACE Global Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Asset-backed securities: 1.1%
United States: 1.1%
Credit Acceptance Auto Loan Trust,
Series 2024-1A, Class A,
5.680%, due 03/15/34²		571,000	$	576,987
GM Financial Automobile Leasing Trust,
Series 2024-1, Class A3,
5.090%, due 03/22/27		438,000		440,525
Merchants Fleet Funding LLC,
Series 2024-1A, Class A,
5.820%, due 04/20/37²		408,000		411,931
Tesla Auto Lease Trust,
Series 2024-A, Class A3,
5.300%, due 06/21/27²		219,000		220,210
Toyota Lease Owner Trust,
Series 2024-A, Class A3,
5.250%, due 04/20/27²		331,000		333,685
Total asset-backed securities (cost—$1,966,815)				1,983,338

Corporate bonds: 38.5%
Australia: 2.1%
Glencore Funding LLC
5.634%, due 04/04/34²		461,000		468,138
6.375%, due 10/06/30²		87,000		92,422
Santos Finance Ltd.
6.875%, due 09/19/33²		152,000		163,198
Westpac Banking Corp.
1.079%, due 04/05/27³	EUR	2,950,000		3,087,785
				3,811,543
Belgium: 0.3%
KBC Group NV
(fixed, converts to FRN on 03/05/29),
8.000%, due 09/05/28^3,4,5	EUR	200,000		235,507
(fixed, converts to FRN on 10/16/29),
4.932%, due 10/16/30^2,4		225,000		222,574
				458,081
Brazil: 0.2%
Braskem Netherlands Finance BV
4.500%, due 01/31/30^2,6		429,000		372,265

PACE Global Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Canada: 4.8%
Bank of Montreal
0.125%, due 01/26/27³	EUR	3,100,000	$	3,188,384
Emera, Inc.
Series 16-A, (fixed, converts to FRN on 06/15/26),
6.750%, due 06/15/76⁴		95,000		95,117
Enbridge, Inc.
5.300%, due 04/05/29		260,000		263,810
(fixed, converts to FRN on 01/15/28),
7.375%, due 01/15/83⁴		530,000		540,388
Series 2017-A,(fixed, converts to FRN on 07/15/27),
5.500%, due 07/15/77⁴		190,000		184,309
Toronto-Dominion Bank
0.864%, due 03/24/27³	EUR	2,950,000		3,074,732
3.666%, due 09/08/31³	EUR	700,000		798,899
(fixed, converts to FRN on 10/31/27),
8.125%, due 10/31/82⁴		275,000		289,755
Transcanada Trust
(fixed, converts to FRN on 09/15/29),
5.500%, due 09/15/79⁴		160,000		153,701
				8,589,095
Denmark: 0.6%
Danske Bank AS
(fixed, converts to FRN on 03/01/29),
5.705%, due 03/01/30^2,4		230,000		234,671
(fixed, converts to FRN on 06/21/29),
4.750%, due 06/21/30^3,4	EUR	350,000		402,519

PACE Global Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Denmark—(continued)
(fixed, converts to FRN on 09/11/25),
1.621%, due 09/11/26^2,4		460,000	$	446,047
				1,083,237
France: 2.7%
Alstom SA
(fixed, converts to FRN on 08/29/29),
5.868%, due 05/29/29^3,4,5	EUR	100,000		113,047
BNP Paribas SA
(fixed, converts to FRN on 08/16/29),
7.750%, due 08/16/29^2,4,5		425,000		440,145
BPCE SA
0.500%, due 02/24/27³	EUR	100,000		102,493
4.375%, due 07/13/28³	EUR	600,000		674,715
(fixed, converts to FRN on 01/18/26),
5.975%, due 01/18/27^2,4,6		370,000		373,494
(fixed, converts to FRN on 10/19/28),
6.714%, due 10/19/29^2,4		830,000		872,824
(fixed, converts to FRN on 10/19/33),
7.003%, due 10/19/34^2,4		250,000		272,709
Credit Agricole SA
(fixed, converts to FRN on 09/11/27),
4.631%, due 09/11/28^2,4		250,000		247,996
(fixed, converts to FRN on 10/03/28),
6.316%, due 10/03/29^2,4,6		355,000		371,215
Electricite de France SA
6.900%, due 05/23/53^2,6		200,000		222,139
(fixed, converts to FRN on 06/01/28),
2.625%, due 12/01/27^3,4,5	EUR	400,000		408,472

PACE Global Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
France—(continued)
(fixed, converts to FRN on 09/15/30),
3.375%, due 06/15/30^3,4,5	EUR	200,000	$	200,603
Engie SA
(fixed, converts to FRN on 06/14/30),
4.750%, due 03/14/30^3,4,5	EUR	200,000		223,728
TotalEnergies Capital SA
5.275%, due 09/10/54⁶		100,000		95,964
TotalEnergies SE
(fixed, converts to FRN on 09/04/30),
2.000%, due 06/04/30^3,4,5	EUR	250,000		242,704
				4,862,248
Germany: 1.2%
Commerzbank AG
(fixed, converts to FRN on 04/09/32),
7.875%, due 10/09/31^3,4,5	EUR	200,000		235,226
(fixed, converts to FRN on 12/05/25),
4.000%, due 12/05/30^3,4	EUR	800,000		871,853
Deutsche Bank AG
(fixed, converts to FRN on 11/20/28),
6.819%, due 11/20/29⁴		185,000		195,010
RWE Finance U.S. LLC
5.875%, due 04/16/34²		150,000		152,516
Volkswagen Leasing GmbH
0.625%, due 07/19/29³	EUR	200,000		189,347
Vonovia SE
0.625%, due 12/14/29³	EUR	400,000		378,928
5.000%, due 11/23/30³	EUR	100,000		117,032
				2,139,912

PACE Global Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Hong Kong: 0.1%
Melco Resorts Finance Ltd.
5.250%, due 04/26/26²		200,000	$	195,746

India: 0.2%
Muthoot Finance Ltd.
7.125%, due 02/14/28²		340,000		345,610

Indonesia: 0.1%
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara
5.450%, due 05/21/28³		202,000		204,714

Ireland: 2.2%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust
3.300%, due 01/30/32		150,000		131,887
5.750%, due 06/06/28⁶		175,000		179,557
AIB Group PLC
(fixed, converts to FRN on 04/04/27),
2.250%, due 04/04/28^3,4	EUR	500,000		531,752
(fixed, converts to FRN on 04/30/30),
7.125%, due 10/30/29^3,4,5	EUR	200,000		225,980
Avolon Holdings Funding Ltd.
2.875%, due 02/15/25²		385,000		381,878
4.250%, due 04/15/26²		1,105,000		1,087,276
5.750%, due 03/01/29²		741,000		750,574
5.750%, due 11/15/29²		165,000		167,568
6.375%, due 05/04/28²		155,000		159,724
Bank of Ireland Group PLC
(fixed, converts to FRN on 07/04/30),
5.000%, due 07/04/31^3,4	EUR	300,000		350,779
				3,966,975

PACE Global Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Italy: 1.3%
Enel Finance International NV
5.500%, due 06/15/52^2,6		200,000	$	191,630
Enel SpA
(fixed, converts to FRN on 07/16/28),
6.375%, due 04/16/28^3,4,5	EUR	300,000		349,270
Intesa Sanpaolo SpA
5.250%, due 01/13/30³	EUR	300,000		356,079
6.625%, due 06/20/33²		405,000		429,757
UniCredit SpA
0.850%, due 01/19/31³	EUR	350,000		325,298
(fixed, converts to FRN on 01/17/28),
4.800%, due 01/17/29^3,4	EUR	400,000		456,500
(fixed, converts to FRN on 06/03/26),
7.500%, due 06/03/26^3,4,5	EUR	200,000		225,708
				2,334,242
Japan: 0.5%
Rakuten Group, Inc.
11.250%, due 02/15/27²		248,000		269,700
Takeda Pharmaceutical Co. Ltd.
5.300%, due 07/05/34⁶		200,000		202,667
5.650%, due 07/05/54⁶		200,000		203,206
5.800%, due 07/05/64		200,000		203,195
				878,768
Mexico: 0.7%
Petroleos Mexicanos
5.950%, due 01/28/31⁶		900,000		774,000
6.700%, due 02/16/32		530,000		470,211
				1,244,211

PACE Global Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Netherlands: 0.4%
Cooperatieve Rabobank UA
(fixed, converts to FRN on 12/01/26),
0.375%, due 12/01/27^3,4	EUR	100,000	$	102,888
ING Groep NV
(fixed, converts to FRN on 11/16/26),
5.750%, due 11/16/26^4,5,6		580,000		573,431
				676,319
New Zealand: 0.7%
Westpac Securities NZ Ltd.
3.750%, due 04/20/28³	EUR	1,039,000		1,163,851

Norway: 0.5%
Aker BP ASA
5.600%, due 06/13/28²		205,000		208,673
6.000%, due 06/13/33²		205,000		209,406
DNB Bank ASA
(fixed, converts to FRN on 11/05/29),
4.853%, due 11/05/30^2,4,7		400,000		398,838
				816,917
Spain: 1.7%
Banco Bilbao Vizcaya Argentaria SA
(fixed, converts to FRN on 09/19/29),
9.375%, due 03/19/29^4,5		200,000		216,554
Banco Santander SA
6.607%, due 11/07/28		400,000		424,562
(fixed, converts to FRN on 05/21/29),
9.625%, due 11/21/28^4,5		400,000		437,265
CaixaBank SA
(fixed, converts to FRN on 03/15/29),
5.673%, due 03/15/30^2,4		415,000		421,780

PACE Global Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Spain—(continued)
(fixed, converts to FRN on 07/16/30),
7.500%, due 01/16/30^3,4,5	EUR	400,000	$	466,265
(fixed, converts to FRN on 07/19/28),
5.000%, due 07/19/29^3,4	EUR	400,000		460,300
(fixed, converts to FRN on 09/13/33),
6.840%, due 09/13/34^2,4		230,000		248,661
Iberdrola Finanzas SA
(fixed, converts to FRN on 07/25/28),
4.875%, due 04/25/28^3,4,5	EUR	200,000		223,886
Telefonica Europe BV
(fixed, converts to FRN on 11/23/28),
7.125%, due 08/23/28^3,4,5	EUR	100,000		119,687
				3,018,960
Turkey: 0.1%
Turkiye Varlik Fonu Yonetimi AS
8.250%, due 02/14/29³		210,000		220,229

United Kingdom: 4.8%
BAT Capital Corp.
4.540%, due 08/15/47		157,000		125,764
Eversholt Funding PLC
6.359%, due 12/02/25³	GBP	301,000		392,304
Gatwick Funding Ltd.
6.125%, due 03/02/26³	GBP	100,000		130,559
Heathrow Funding Ltd.
1.125%, due 10/08/30³	EUR	300,000		284,822
6.450%, due 12/10/31³	GBP	350,000		474,138
6.750%, due 12/03/26³	GBP	478,000		634,208

PACE Global Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
United Kingdom—(continued)
HSBC Holdings PLC
(fixed, converts to FRN on 03/04/29),
5.546%, due 03/04/30⁴		440,000	$	447,220
(fixed, converts to FRN on 06/17/31),
4.600%, due 12/17/30^4,5,6		365,000		322,352
(fixed, converts to FRN on 09/11/34),
6.950%, due 03/11/34^4,5		200,000		199,163
Lloyds Banking Group PLC
(fixed, converts to FRN on 08/07/26),
5.985%, due 08/07/27⁴		240,000		244,448
(fixed, converts to FRN on 09/27/31),
6.750%, due 09/27/31^4,5,6		275,000		263,703
Nationwide Building Society
2.000%, due 04/28/27³	EUR	300,000		318,821
(fixed, converts to FRN on 12/20/27),
5.750%, due 06/20/27^3,4,5	GBP	200,000		247,895
NatWest Group PLC
(fixed, converts to FRN on 05/10/34),
8.125%, due 11/10/33^4,5,6		275,000		294,680
(fixed, converts to FRN on 06/29/26),
6.000%, due 12/29/25^4,5,6		370,000		369,261
(fixed, converts to FRN on 09/06/27),
4.067%, due 09/06/28^3,4	EUR	505,000		562,619
(fixed, converts to FRN on 11/10/25),
7.472%, due 11/10/26⁴		425,000		435,139

PACE Global Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
United Kingdom—(continued)
Santander U.K. Group Holdings PLC
(fixed, converts to FRN on 11/21/25),
6.833%, due 11/21/26⁴		814,000	$	827,114
Segro Capital SARL
1.250%, due 03/23/26³	EUR	200,000		212,090
Standard Chartered PLC
(fixed, converts to FRN on 01/12/27),
2.608%, due 01/12/28^2,4		343,000		325,147
(fixed, converts to FRN on 02/08/27),
6.750%, due 02/08/28^2,4		819,000		847,984
(fixed, converts to FRN on 02/15/28),
7.750%, due 08/15/27^2,4,5		200,000		205,500
(fixed, converts to FRN on 09/23/26),
1.200%, due 09/23/31^3,4	EUR	200,000		207,482
(fixed, converts to FRN on 10/15/29),
5.005%, due 10/15/30^2,4		200,000		197,627
				8,570,040
United States: 13.3%
AbbVie, Inc.
4.050%, due 11/21/39		81,000		71,181
4.250%, due 11/21/49		230,000		195,307
Accenture Capital, Inc.
4.500%, due 10/04/34		90,000		86,996
Ameren Illinois Co.
5.900%, due 12/01/52		40,000		42,767
American Airlines Pass-Through Trust
Series 2016-3, Class A,
3.250%, due 10/15/28		49,820		45,453

PACE Global Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
United States—(continued)
Series 2017-2, Class A,
3.600%, due 10/15/29		61,579	$	56,256
Bank of America Corp.
(fixed, converts to FRN on 04/25/28),
5.202%, due 04/25/29^4,6		325,000		328,192
(fixed, converts to FRN on 09/15/28),
5.819%, due 09/15/29⁴		905,000		934,141
(fixed, converts to FRN on 10/20/31),
2.572%, due 10/20/32⁴		311,000		264,448
Baxter International, Inc.
2.539%, due 02/01/32⁶		370,000		311,133
Berry Global, Inc.
5.650%, due 01/15/34²		130,000		129,810
Boeing Co.
6.858%, due 05/01/54²		215,000		230,529
BP Capital Markets PLC
(fixed, converts to FRN on 03/01/34),
6.450%, due 12/01/33^4,5,6		280,000		292,194
(fixed, converts to FRN on 06/22/29),
3.625%, due 03/22/29^3,4,5	EUR	200,000		213,761
Broadcom, Inc.
3.137%, due 11/15/35²		80,000		65,733
3.419%, due 04/15/33²		180,000		158,593
Cadence Design Systems, Inc.
4.700%, due 09/10/34		240,000		234,178
Cencora, Inc.
2.700%, due 03/15/31⁶		337,000		294,981
2.800%, due 05/15/30⁶		76,000		68,333

PACE Global Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
United States—(continued)
5.125%, due 02/15/34		169,000	$	167,888
CF Industries, Inc.
4.950%, due 06/01/43		159,000		142,875
Charter Communications Operating LLC/Charter Communications Operating Capital
2.250%, due 01/15/29		250,000		219,580
3.500%, due 06/01/41		275,000		188,234
Cheniere Energy Partners LP
4.500%, due 10/01/29		440,000		423,636
Citigroup, Inc.
(fixed, converts to FRN on 02/13/29),
5.174%, due 02/13/30⁴		580,000		583,900
(fixed, converts to FRN on 03/20/29),
3.980%, due 03/20/30⁴		460,000		440,913
(fixed, converts to FRN on 05/01/31),
2.561%, due 05/01/32⁴		210,000		179,713
Columbia Pipelines Operating Co. LLC
5.927%, due 08/15/30^2,6		65,000		67,546
6.036%, due 11/15/33²		230,000		238,179
Comcast Corp.
2.937%, due 11/01/56		300,000		185,364
ConocoPhillips Co.
5.550%, due 03/15/54		130,000		129,759
Constellation Energy Generation LLC
6.250%, due 10/01/39		175,000		186,509
6.500%, due 10/01/53		80,000		88,023
Duke Energy Corp.
5.800%, due 06/15/54		55,000		55,136

PACE Global Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
United States—(continued)
Edison International
5.450%, due 06/15/29		295,000	$	299,976
(fixed, converts to FRN on 06/15/28),
8.125%, due 06/15/53⁴		175,000		183,601
Series A,(fixed, converts to FRN on 03/15/26),
5.375%, due 03/15/26^4,5		205,000		202,959
Energy Transfer LP
5.550%, due 02/15/28		402,000		410,517
5.600%, due 09/01/34⁶		80,000		80,592
5.750%, due 02/15/33		225,000		229,363
(fixed, converts to FRN on 10/01/29),
7.125%, due 10/01/54⁴		355,000		358,775
EnLink Midstream LLC
6.500%, due 09/01/30^2,6		245,000		258,027
Entergy Arkansas LLC
5.750%, due 06/01/54		45,000		46,466
Entergy Corp.
(fixed, converts to FRN on 12/01/29),
7.125%, due 12/01/54⁴		85,000		86,902
Entergy Texas, Inc.
5.550%, due 09/15/54		30,000		29,844
Enterprise Products Operating LLC
(fixed, converts to FRN on 02/15/28),
5.375%, due 02/15/78⁴		74,000		71,018
Fifth Third Bancorp
(fixed, converts to FRN on 07/28/29),
4.772%, due 07/28/30⁴		105,000		103,360

PACE Global Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
United States—(continued)
(fixed, converts to FRN on 09/06/29),
4.895%, due 09/06/30⁴		80,000	$	79,091
FirstEnergy Transmission LLC
2.866%, due 09/15/28²		210,000		195,196
Ford Motor Credit Co. LLC
4.867%, due 08/03/27	EUR	677,000		759,388
5.800%, due 03/08/29		270,000		270,269
General Electric Co.
4.125%, due 09/19/35³	EUR	88,000		99,325
Goldman Sachs Group, Inc.
(fixed, converts to FRN on 04/25/29),
5.727%, due 04/25/30⁴		345,000		354,704
(fixed, converts to FRN on 05/01/28),
4.223%, due 05/01/29⁴		665,000		649,848
(fixed, converts to FRN on 07/23/29),
5.049%, due 07/23/30⁴		310,000		310,716
(fixed, converts to FRN on 07/23/34),
5.330%, due 07/23/35⁴		110,000		109,876
(fixed, converts to FRN on 10/21/26),
1.948%, due 10/21/27⁴		280,000		264,732
(fixed, converts to FRN on 10/23/29),
4.692%, due 10/23/30⁴		290,000		286,208
(fixed, converts to FRN on 10/23/34),
5.016%, due 10/23/35⁴		130,000		126,933
HCA, Inc.
3.500%, due 09/01/30		117,000		107,314
3.500%, due 07/15/51		190,000		129,396

PACE Global Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
United States—(continued)
4.625%, due 03/15/52		105,000	$	86,300
5.250%, due 06/15/49		10,000		9,062
5.450%, due 09/15/34		235,000		233,332
5.950%, due 09/15/54		6,000		5,985
Hyundai Capital America
4.875%, due 11/01/27⁷		360,000		359,931
ITC Holdings Corp.
2.950%, due 05/14/30²		45,000		40,514
5.400%, due 06/01/33²		370,000		371,640
JBS USA Holding Lux SARL/JBS USA Food Co./JBS Lux Co. SARL
7.250%, due 11/15/53²		120,000		134,687
Jersey Central Power & Light Co.
2.750%, due 03/01/32²		330,000		281,811
KeyCorp
(fixed, converts to FRN on 03/06/34),
6.401%, due 03/06/35⁴		141,000		148,780
Kroger Co.
5.000%, due 09/15/34		135,000		132,787
5.500%, due 09/15/54		75,000		72,833
Marvell Technology, Inc.
2.950%, due 04/15/31		79,000		69,872
5.750%, due 02/15/29		67,000		68,980
5.950%, due 09/15/33		109,000		114,089
Meta Platforms, Inc.
5.400%, due 08/15/54		120,000		120,549

PACE Global Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
United States—(continued)
Monongahela Power Co.
5.850%, due 02/15/34²		60,000	$	61,862
Morgan Stanley
(fixed, converts to FRN on 04/19/34),
5.831%, due 04/19/35⁴		170,000		176,684
(fixed, converts to FRN on 07/20/28),
5.449%, due 07/20/29⁴		655,000		667,644
(fixed, converts to FRN on 07/21/33),
5.424%, due 07/21/34⁴		250,000		252,577
(fixed, converts to FRN on 10/18/29),
4.654%, due 10/18/30⁴		480,000		473,380
Netflix, Inc.
4.625%, due 05/15/29	EUR	700,000		809,403
NextEra Energy Capital Holdings, Inc.
(fixed, converts to FRN on 06/15/34),
6.750%, due 06/15/54⁴		365,000		382,204
NiSource, Inc.
(fixed, converts to FRN on 11/30/29),
6.950%, due 11/30/54⁴		190,000		194,697
Occidental Petroleum Corp.
4.625%, due 06/15/45		85,000		67,100
5.375%, due 01/01/32		50,000		49,366
Pacific Gas & Electric Co.
5.800%, due 05/15/34		265,000		272,529
6.150%, due 01/15/33		210,000		219,744
6.750%, due 01/15/53		143,000		156,406
6.950%, due 03/15/34		240,000		266,149

PACE Global Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
United States—(continued)
PNC Financial Services Group, Inc.
(fixed, converts to FRN on 10/21/31),
4.812%, due 10/21/32⁴		155,000	$	151,964
Prologis Euro Finance LLC
1.000%, due 02/06/35	EUR	200,000		166,965
Prudential Financial, Inc.
(fixed, converts to FRN on 03/15/34),
6.500%, due 03/15/54⁴		124,000		129,344
Realty Income Corp.
5.125%, due 07/06/34	EUR	100,000		119,906
San Diego Gas & Electric Co.
5.350%, due 04/01/53		170,000		166,151
Solventum Corp.
5.450%, due 03/13/31²		290,000		292,436
Southern Co. Gas Capital Corp.
5.750%, due 09/15/33		100,000		104,060
Series 20-A, 1.750%, due 01/15/31		220,000		181,996
Take-Two Interactive Software, Inc.
5.600%, due 06/12/34		40,000		40,679
T-Mobile USA, Inc.
3.375%, due 04/15/29		320,000		300,448
U.S. Bancorp
(fixed, converts to FRN on 01/23/34),
5.678%, due 01/23/35⁴		65,000		66,628
Uber Technologies, Inc.
4.800%, due 09/15/34		245,000		237,506

PACE Global Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
United States—(continued)
Virginia Electric & Power Co.
5.000%, due 01/15/34		180,000	$	178,412
5.550%, due 08/15/54		20,000		20,178
Vistra Operations Co. LLC
3.700%, due 01/30/27²		209,000		203,090
6.000%, due 04/15/34²		65,000		67,079
Warnermedia Holdings, Inc.
4.054%, due 03/15/29		245,000		228,882
4.279%, due 03/15/32		300,000		262,900
5.050%, due 03/15/42		355,000		283,305
Wells Fargo & Co.
(fixed, converts to FRN on 04/22/27),
5.707%, due 04/22/28⁴		460,000		468,926
(fixed, converts to FRN on 07/25/33),
5.557%, due 07/25/34⁴		106,000		107,793
(fixed, converts to FRN on 10/23/28),
6.303%, due 10/23/29⁴		38,000		39,822
WPC Eurobond BV
1.350%, due 04/15/28	EUR	200,000		203,265
				23,748,269
Total corporate bonds (cost—$67,169,657)				68,701,232

Mortgage-backed securities: 2.5%
Spain: 0.1%
Fondo de Titulizacion de Activos Santander Hipotecario 2, Series 2, Class A,
3 mo. EURIBOR + 0.150%,
3.358%, due 01/18/49^3,4	EUR	215,199		231,248
				231,248

PACE Global Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Mortgage-backed securities—(continued)
United Kingdom: 0.5%
Gemgarto PLC, Series 2021-1A, Class A,
1 day GBP SONIA + 0.590%,
5.570%, due 12/16/67^2,4	GBP	141,853	$	182,804
Silverstone Master Issuer PLC, Series 2022-1A, Class 2A,
1 day GBP SONIA + 0.290%,
5.270%, due 01/21/70^2,4	GBP	600,000		771,086
				953,890
United States: 1.9%
Angel Oak Mortgage Trust, Series 2020-1, Class A1,
2.466%, due 12/25/59^2,4		58,137		55,794
Citigroup Commercial Mortgage Trust, Series 2015-GC33, Class B,
4.575%, due 09/10/58⁴		470,000		430,888
CSAIL Commercial Mortgage Trust, Series 2016-C6, Class C,
4.918%, due 01/15/49⁴		320,000		294,776
Federal National Mortgage Association REMICS, Series 2021-86, Class T,
2.500%, due 09/25/48		1,510,155		1,325,023
GS Mortgage Securities Trust, Series 2017-GS6, Class C,
4.322%, due 05/10/50⁴		350,000		265,353

PACE Global Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Mortgage-backed securities—(continued)
United States—(continued)
OBX Trust
Series 2020-EXP1, Class 2A1, 1 mo. USD Term SOFR + 0.864%,
5.602%, due 02/25/60^2,4		66,278	$	64,147
Series 2023-NQM1, Class A1,
6.120%, due 11/25/62^2,4		189,775		190,336
Starwood Mortgage Residential Trust, Series 2020-1, Class A1,
2.275%, due 02/25/50^2,4		13,869		13,188
UBS Commercial Mortgage Trust
Series 2017-C1, Class C,
4.430%, due 11/15/50⁴		360,000		326,108
Series 2018-C11, Class B,
4.713%, due 06/15/51⁴		440,000		391,973
Verus Securitization Trust, Series 2020-1, Class A1,
3.417%, due 01/25/60^2,4		49,018		47,715
				3,405,301
Total mortgage-backed securities (cost—$5,009,855)				4,590,439

Non-U.S. government agency obligations: 38.0%
Bahrain: 0.3%
Bahrain Government International Bonds
6.750%, due 09/20/29³		545,000		557,262

Bermuda: 0.5%
Bermuda Government International Bonds
4.750%, due 02/15/29²		910,000		894,139

PACE Global Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Non-U.S. government agency obligations—(continued)
Brazil: 0.4%
Brazil Government International Bonds
3.875%, due 06/12/30		725,000	$	659,199

Canada: 3.6%
Hydro-Quebec Series 19,
6.500%, due 02/15/35	CAD	750,000		652,789
Province of British Columbia
2.800%, due 06/18/48	CAD	300,000		168,477
Province of Ontario
3.650%, due 06/02/33	CAD	3,430,000		2,441,388
Province of Quebec
3.600%, due 09/01/33	CAD	3,360,000		2,377,954
5.000%, due 12/01/41	CAD	1,100,000		863,978
				6,504,586
China: 9.3%
China Government Bonds
Series INBK, 2.120%, due 06/25/31	CNY	60,000,000		8,486,465
Series INBK, 2.280%, due 03/25/31	CNY	50,000,000		7,134,927
4.500%, due 05/22/34³	CNY	6,000,000		994,647
				16,616,039
Colombia: 0.6%
Colombia Government International Bonds
3.250%, due 04/22/32		950,000		732,925
7.750%, due 11/07/36⁷		330,000		324,152
				1,057,077
Dominican Republic: 0.4%
Dominican Republic International Bonds
4.875%, due 09/23/32³		720,000		655,920

PACE Global Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Non-U.S. government agency obligations—(continued)
France: 3.0%
French Republic Government Bonds OAT
Series OAT, 0.000%, due 05/25/32^3,8	EUR	3,050,000	$	2,668,591
Series OAT, 2.000%, due 11/25/32³	EUR	2,650,000		2,683,521
				5,352,112
Germany: 2.3%
Bundesrepublik Deutschland Bundesanleihe
2.500%, due 08/15/54³	EUR	3,887,697		4,145,703

Hungary: 1.0%
Hungary Government Bonds Series 35/A,
7.000%, due 10/24/35	HUF	248,510,000		663,799
Hungary Government International Bonds
5.500%, due 03/26/36²		321,000		309,264
6.125%, due 05/22/28²		291,000		298,275
6.125%, due 05/22/28³		500,000		512,500
				1,783,838
Indonesia: 0.8%
Indonesia Treasury Bonds Series FR73,
8.750%, due 05/15/31	IDR	19,821,000,000		1,389,175

Israel: 0.8%
Israel Government International Bonds
Series 5Y, 5.375%, due 03/12/29		480,000		480,900
Series 10Y, 5.500%, due 03/12/34		967,000		937,990
				1,418,890
Italy: 0.8%
Italy Buoni Poliennali del Tesoro Series 7Y,
3.500%, due 02/15/31³	EUR	1,300,000		1,435,569

PACE Global Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Non-U.S. government agency obligations—(continued)
Japan: 3.4%
Japan Government Ten Year Bonds Series 370,
0.500%, due 03/20/33	JPY	199,400,000	$	1,284,394
Japan Government Thirty Year Bonds Series 74,
1.000%, due 03/20/52	JPY	369,600,000		1,863,325
Japan Government Twenty Year Bonds
Series 183, 1.400%, due 12/20/42	JPY	224,900,000		1,417,267
Series 186, 1.500%, due 09/20/43	JPY	240,500,000		1,527,461
				6,092,447
Mexico: 1.5%
Mexico Bonos Series M,
7.750%, due 05/29/31	MXN	46,000,000		2,059,563
Mexico Government International Bonds
4.490%, due 05/25/32	EUR	496,000		539,632
				2,599,195
Morocco: 0.2%
Morocco Government International Bonds
2.375%, due 12/15/27²		340,000		309,740

Romania: 0.4%
Romania Government International Bonds
1.750%, due 07/13/30³	EUR	810,000		750,290

South Korea: 1.3%
Korea Treasury Bonds Series 3406,
3.500%, due 06/10/34	KRW	3,193,870,000		2,388,204

Spain: 3.5%
Spain Government Bonds
3.150%, due 04/30/33³	EUR	1,400,000		1,544,779

PACE Global Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Non-U.S. government agency obligations—(continued)
Spain—(continued)
3.550%, due 10/31/33³	EUR	4,200,000	$	4,760,428
				6,305,207
Supranationals: 1.0%
Banque Ouest Africaine de Developpement
2.750%, due 01/22/33²	EUR	227,000		205,410
4.700%, due 10/22/31³		850,000		773,500
European Union
3.000%, due 03/04/53³	EUR	866,628		880,533
				1,859,443
Turkey: 0.4%
Republic of Turkiye
6.500%, due 01/03/35		657,000		622,507

United Kingdom: 2.5%
U.K. Gilts
1.250%, due 07/31/51³	GBP	700,000		420,691
1.625%, due 10/22/28³	GBP	1,105,000		1,295,752
3.750%, due 10/22/53³	GBP	1,600,000		1,705,273
4.375%, due 07/31/54³	GBP	880,000		1,045,828
				4,467,544
Total non-U.S. government agency obligations (cost—$70,193,571)				67,864,086

U.S. government agency obligations: 15.2%
United States: 15.2%
Federal Home Loan Mortgage Corp.
4.500%, due 09/01/52		1,737,872		1,653,280
5.000%, due 01/01/53		904,517		880,111
5.500%, due 05/01/53		3,718,883		3,686,475
6.000%, due 06/01/53		520,686		524,098
6.000%, due 07/01/53		864,149		870,340
6.000%, due 08/01/53		1,473,977		1,483,636
6.000%, due 07/01/54		612,474		619,548

PACE Global Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
U.S. government agency obligations—(continued)
United States—(continued)
Federal National Mortgage Association
2.500%, due 07/01/51		3,408,737	$	2,856,166
2.500%, due 02/01/52		713,186		592,002
2.500%, due 05/01/52		774,146		648,174
3.000%, due 08/01/51		1,788,963		1,562,841
3.000%, due 11/01/51		1,842,997		1,605,184
3.000%, due 01/01/52		1,536,381		1,342,200
3.000%, due 03/01/52		726,949		632,033
3.000%, due 05/01/52		1,046,649		902,099
3.000%, due 07/01/52		857,635		739,089
3.500%, due 04/01/52		4,212,678		3,806,482
3.500%, due 05/01/58		1,208,056		1,086,422
6.500%, due 10/01/53		1,575,194		1,607,703
Total U.S. government agency obligations (cost—$27,724,252)				27,097,883

	Face
	amount¹		Value
U.S. Treasury obligations: 2.0%
United States: 2.0%
U.S. Treasury Notes,
3.750%, due 08/31/26		3,550,000	$	3,522,959
Total U.S. Treasury obligations (cost—$3,562,494)				3,522,959

	Number of
	shares
Short-term investments: 1.7%
Investment companies: 1.7%
State Street Institutional U.S. Government Money Market Fund, 4.824%⁹ (cost $3,008,703)		3,008,703		3,008,703

Investment of cash collateral from securities loaned—3.0%
Money market funds—3.0%
State Street Navigator Securities Lending Government Money Market Portfolio, 4.817%⁹ (cost $5,427,225)		5,427,225		5,427,225
Total investments (cost $184,062,572)¹⁰—102.0%				182,195,865
Liabilities in excess of other assets—(2.0)%				(3,638,702	)
Net assets—100.0%			$	178,557,163

Futures contracts

Number of contracts	Currency		Expiration date	Current notional amount		Value		Unrealized appreciation (depreciation)

Interest rate futures buy contracts:
67	EUR	3 Month Euro Euribor Futures	June 2025	$	17,855,364	$	17,827,173	$	(28,191	)
67	EUR	3 Month Euro Euribor Futures	September 2025		17,881,796		17,839,016		(42,780	)
75	USD	3 Month SOFR Futures	December 2025		18,197,011		18,052,500		(144,511	)
26	AUD	Australian Bond 10 Year Futures	December 2024		2,001,656		1,913,727		(87,929	)
60	EUR	Eurex Short-term Euro-BTP Futures	December 2024		6,979,506		6,974,870		(4,636	)
156	EUR	EURO Schatz 2 Year Index Futures	December 2024		18,100,898		18,078,664		(22,234	)
64	EUR	Italian Government Bond Futures	December 2024		8,358,211		8,322,592		(35,619	)
4	JPY	Japan Government Bond 10 Year Futures	December 2024		3,796,250		3,795,972		(278	)
8	GBP	United Kingdom Long Gilt Bond Futures	December 2024		1,023,371		970,080		(53,291	)
U.S. Treasury futures buy contracts:
56	USD	U.S. Long Bond Futures	December 2024	$	6,993,433	$	6,606,250	$	(387,183	)

PACE Global Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

Number of contracts	Currency		Expiration date	Current notional amount			Value			Unrealized appreciation (depreciation)
125	USD	U.S. Treasury Note 2 Year Futures	December 2024	$	26,069,422		$	25,743,164		$	(326,258	)
Total				$	127,256,918		$	126,124,008		$	(1,132,910	)
Index futures sell contracts:
33	EUR	EURO Bobl 5 Year Index Future	December 2024	$	(4,281,099	)	$	(4,241,082	)	$	40,017
Interest rate futures sell contracts:
67	EUR	3 Month Euro Euribor Futures	March 2027	$	(17,853,384	)	$	(17,811,687	)	$	41,697
67	EUR	3 Month Euro Euribor Futures	December 2026		(17,860,957	)		(17,816,241	)		44,716
75	USD	3 Month SOFR Futures	June 2027		(18,184,514	)		(18,060,937	)		123,577
28	CAD	Canadian Bond 10 Year Futures	December 2024		(2,503,429	)		(2,453,205	)		50,224
26	EUR	Euro Bund 10 Year Futures	December 2024		(3,776,921	)		(3,727,501	)		49,420
8	EUR	German Euro Buxl 30 Year Futures	December 2024		(1,173,978	)		(1,151,797	)		22,181
U.S. Treasury futures sell contracts:
44	USD	U.S. Treasury Note 10 Year Futures	December 2024	$	(5,036,736	)	$	(4,860,625	)	$	176,111
36	USD	U.S. Treasury Note 5 Year Futures	December 2024		(3,893,273	)		(3,860,438	)		32,835
25	USD	Ultra U.S. Treasury Bond Futures	December 2024		(3,318,633	)		(3,140,625	)		178,008
86	USD	Ultra U.S. Treasury Note 10 Year Futures	December 2024		(9,980,979	)		(9,782,500	)		198,479
Total				$	(87,863,903	)	$	(86,906,638	)	$	957,265
Net unrealized appreciation (depreciation)										$	(175,645	)

Forward foreign currency contracts

Counterparty	Sell		Purchase		Settlement date		Unrealized appreciation (depreciation)
BB	USD	342,588	TRY	14,681,607		01/22/25	$	52,570
BB	EUR	50,000	USD	55,013		11/25/24		579
BB	EUR	108,139	USD	117,079		11/25/24		(650	)
BB	GBP	796,091	USD	1,035,128		11/25/24		8,638
BB	SEK	2,341,517	USD	225,734		11/25/24		5,744
BB	USD	38,415	CNY	270,872		11/25/24		(286	)
BB	USD	206,318	EUR	190,000		11/25/24		533
BB	USD	454,152	GBP	349,231		11/25/24		(3,850	)
BB	USD	159,425	RON	726,166		11/25/24		(718	)
BNP	AUD	72,106	USD	47,888		11/25/24		424
BNP	CAD	625,436	EUR	417,037		11/25/24		4,495
BNP	CNY	857,160	USD	120,298		11/25/24		(360	)
BNP	EUR	417,364	PLN	1,806,727		11/25/24		(3,283	)
BNP	EUR	749,000	USD	813,976		11/25/24		(1,450	)
BNP	HUF	395,327,101	USD	1,075,728		11/25/24		23,356
BNP	JPY	18,553,605	USD	124,507		11/25/24		2,081
BNP	USD	457,620	AUD	680,178		11/25/24		(9,894	)
BNP	USD	45,408	CAD	62,445		11/25/24		(525	)
BNP	USD	458,078	CHF	389,729		11/25/24		(5,739	)
BNP	USD	388,410	DKK	2,646,151		11/25/24		(2,133	)
BNP	USD	92,918	EUR	85,000		11/25/24		(379	)
BNP	USD	456,693	JPY	67,556,742		11/25/24		(10,921	)
BNP	USD	455,823	NZD	750,670		11/25/24		(7,087	)
CITI	AUD	679,131	EUR	416,552		11/25/24		6,457

PACE Global Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

Counterparty	Sell		Purchase		Settlement date		Unrealized appreciation (depreciation)
CITI	AUD	36,000	USD	23,902		11/25/24	$	205
CITI	CAD	629,052	USD	457,027		11/25/24		4,901
CITI	EUR	1,346,714	USD	1,470,914		11/25/24		4,765
CITI	EUR	163,859	USD	178,043		11/25/24		(348	)
CITI	GBP	344,343	JPY	68,185,091		11/25/24		5,919
CITI	GBP	349,340	USD	455,729		11/25/24		5,285
CITI	JPY	68,004,250	GBP	351,057		11/25/24		3,931
CITI	JPY	68,142,790	USD	456,672		11/25/24		7,033
CITI	USD	6,533	CAD	9,000		11/25/24		(64	)
CITI	USD	84,204	EUR	78,000		11/25/24		713
CITI	USD	1,633,358	EUR	1,494,533		11/25/24		(6,279	)
CITI	USD	518,737	GBP	398,082		11/25/24		(5,446	)
CITI	USD	801,632	JPY	117,792,662		11/25/24		(24,379	)
CITI	USD	458,070	NZD	748,004		11/25/24		(10,928	)
CITI	USD	228,863	ZAR	4,043,333		11/25/24		73
GSI	TRY	11,081,434	USD	267,603		01/22/25		(30,656	)
GSI	EUR	2,920,632	USD	3,202,146		11/25/24		22,493
GSI	JPY	68,669,035	EUR	414,622		11/25/24		(1,719	)
GSI	SGD	599,793	USD	457,027		11/25/24		2,381
GSI	USD	801,640	JPY	117,732,858		11/25/24		(24,781	)
GSI	USD	1,448,261	MXN	29,029,905		11/25/24		(2,765	)
GSI	USD	914,419	SEK	9,472,802		11/25/24		(24,430	)
GSI	USD	2,275,300	SGD	2,966,538		11/25/24		(26,650	)
HSBC	AUD	20,000	USD	13,570		11/25/24		405
HSBC	CAD	33,600	USD	24,396		11/25/24		246
HSBC	CNY	788,199	USD	111,858		11/25/24		908
HSBC	EUR	1,459,680	USD	1,603,842		11/25/24		14,708
HSBC	GBP	246,962	USD	321,323		11/25/24		2,888
HSBC	JPY	5,167,800	USD	35,066		11/25/24		967
HSBC	USD	69,530	CAD	94,468		11/25/24		(1,632	)
HSBC	USD	456,893	EUR	420,000		11/25/24		355
HSBC	USD	19,432	GBP	15,000		11/25/24		(91	)
MSCI	TRY	3,600,173	USD	88,871		01/22/25		(8,028	)
MSCI	AUD	1,407,355	USD	946,411		11/25/24		20,020
MSCI	CAD	8,200	USD	5,954		11/25/24		61
MSCI	CNY	445,965	USD	63,125		11/25/24		349
MSCI	EUR	226,866	USD	246,538		11/25/24		(448	)
MSCI	GBP	44,954	USD	58,856		11/25/24		892
MSCI	HUF	411,617	USD	1,096		11/25/24		1
MSCI	JPY	17,216,529	USD	113,429		11/25/24		(174	)
MSCI	MXN	53,888,995	USD	2,770,774		11/25/24		87,460
MSCI	THB	30,227,573	USD	912,944		11/25/24		15,965
MSCI	USD	4,438,910	AUD	6,593,443		11/25/24		(98,781	)
MSCI	USD	552,470	CHF	472,846		11/25/24		(3,661	)
MSCI	USD	260,167	CZK	6,012,490		11/25/24		(1,775	)
MSCI	USD	25,252	EUR	23,000		11/25/24		(212	)
MSCI	USD	1,273,968	GBP	975,650		11/25/24		(15,954	)
MSCI	USD	51,824	HUF	19,397,397		11/25/24		(188	)
MSCI	USD	310,159	ILS	1,165,259		11/25/24		1,983

PACE Global Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

Counterparty	Sell		Purchase		Settlement date	Unrealized appreciation (depreciation)
MSCI	USD	10,333,000	JPY	1,535,506,579	11/25/24	$	(200,981	)
MSCI	USD	146,507	NOK	1,572,230	11/25/24		(3,560	)
MSCI	USD	399,163	PLN	1,568,446	11/25/24		(7,560	)
MSCI	USD	1,556,642	THB	51,610,470	11/25/24		(25,144	)
SSB	CAD	1,887,439	USD	1,369,599	11/25/24		13,018
SSB	USD	798,285	NZD	1,310,599	11/25/24		(14,834	)
TDB	EUR	417,230	CHF	388,990	11/25/24		(2,752	)
Net unrealized appreciation (depreciation)						$	(268,693	)

Fair valuation summary

Description	Unadjusted quoted prices in active market for identical investments (Level 1)			Other significant observable inputs (Level 2)			Unobservable inputs (Level 3)		Total
Assets
Asset-backed securities	$	—		$	1,983,338		$	—	$	1,983,338
Corporate bonds		—			68,701,232			—		68,701,232
Mortgage-backed securities		—			4,590,439			—		4,590,439
Non-U.S. government agency obligations		—			67,864,086			—		67,864,086
U.S. government agency obligations		—			27,097,883			—		27,097,883
U.S. Treasury obligations		—			3,522,959			—		3,522,959
Short-term investments		—			3,008,703			—		3,008,703
Investment of cash collateral from securities loaned		—			5,427,225			—		5,427,225
Futures contracts		957,265			—			—		957,265
Forward foreign currency contracts		—			322,802			—		322,802
Total	$	957,265		$	182,518,667		$	—	$	183,475,932

Liabilities
Futures contracts	$	(1,132,910	)	$	—		$	—	$	(1,132,910	)
Forward foreign currency contracts		—			(591,495	)		—		(591,495	)
Total	$	(1,132,910	)	$	(591,495	)	$	—	$	(1,724,405	)

At October 31, 2024, there were no transfers in or out of Level 3.

PACE Global Fixed Income Investments

Portfolio of investments – October 31, 2024 (unaudited)

Portfolio footnotes

1	In U.S. dollars unless otherwise indicated.
2	Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933. These securities are considered liquid, unless noted otherwise, and may be resold in transactions exempt from registrations, normally to qualified institutional buyers. Securities exempt from registration pursuant to Rule 144A, in the amount of $19,676,875, represented 11.0% of the Portfolios net assets at period end.
3	Security was purchased pursuant to Regulation S under the Securities Act of 1933, which exempts from registration securities offered and sold outside of the United States. Such a security cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration.
4	Floating or variable rate securities. The rates disclosed are as of October 31, 2024. For securities based on a published reference rate and spread, the reference rate and spread are indicated within the description. Variable rate securities with a floor or ceiling feature are disclosed at the inherent rate, where applicable. Certain variable rate securities are not based on a published reference rate and spread, but are determined by the issuer or agent and are based on current market conditions; these securities do not indicate a reference rate and spread in the description.
5	Perpetual investment. Date shown reflects the next call date.
6	Security, or portion thereof, was on loan at the period end.
7	Security purchased on a when–issued basis. When–issued refers to a transaction made conditionally because a security, although authorized, has not yet been issued.
8	Zero coupon bond.
9	Rates shown reflect yield at October 31, 2024.
10	Includes $5,625,838 of investments in securities on loan, at value plus accrued interest and dividends, if any. The Fund includes cash collateral of $5,427,225 and non-cash collateral of $332,357.

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face amount¹		Value
Corporate bonds—95.9%
Advertising: 0.7%
Advantage Sales & Marketing, Inc.
6.500%, due 11/15/28²		75,000	$	70,200
Clear Channel Outdoor Holdings, Inc.
5.125%, due 08/15/27²		75,000		72,710
7.500%, due 06/01/29²		125,000		106,826
7.750%, due 04/15/28²		200,000		178,002
7.875%, due 04/01/30²		100,000		101,959
Lamar Media Corp.
3.750%, due 02/15/28		25,000		23,764
Outfront Media Capital LLC/Outfront Media Capital Corp.
4.250%, due 01/15/29²		125,000		117,220
4.625%, due 03/15/30²		175,000		162,788
5.000%, due 08/15/27²		200,000		196,973
Summer BC Holdco B SARL
5.750%, due 10/31/26³	EUR	275,000		298,077
				1,328,519
Aerospace & defense: 1.6%
AAR Escrow Issuer LLC
6.750%, due 03/15/29²		50,000		51,111
Boeing Co.
6.528%, due 05/01/34²		75,000		79,076
Bombardier, Inc.
6.000%, due 02/15/28²		175,000		174,804
7.250%, due 07/01/31²		50,000		51,658
7.500%, due 02/01/29²		100,000		104,125
7.875%, due 04/15/27²		305,000		305,601
Evander Gold Mines Ltd.
10.000%, due 04/19/26^4,5,6	EUR	106,300		0

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face amount¹		Value
Corporate bonds—(continued)
Aerospace & defense—(continued)
Spirit AeroSystems, Inc.
4.600%, due 06/15/28		125,000	$	119,261
9.375%, due 11/30/29²		100,000		107,851
9.750%, due 11/15/30²		150,000		166,511
TransDigm, Inc.
4.625%, due 01/15/29		175,000		166,185
4.875%, due 05/01/29		100,000		95,511
5.500%, due 11/15/27		750,000		743,439
6.000%, due 01/15/33²		100,000		99,126
6.375%, due 03/01/29²		50,000		50,752
6.625%, due 03/01/32²		100,000		101,693
6.750%, due 08/15/28²		275,000		280,902
6.875%, due 12/15/30²		75,000		76,881
7.125%, due 12/01/31²		100,000		103,477
Triumph Group, Inc.
9.000%, due 03/15/28²		80,000		83,346
				2,961,310
Agriculture: 0.2%
Darling Ingredients, Inc.
5.250%, due 04/15/27²		75,000		74,274
6.000%, due 06/15/30²		100,000		99,312
MHP Lux SA
6.250%, due 09/19/29³		200,000		156,500
				330,086
Airlines: 0.9%
Allegiant Travel Co.
7.250%, due 08/15/27²		50,000		49,250
American Airlines, Inc.
7.250%, due 02/15/28²		100,000		101,645
8.500%, due 05/15/29²		150,000		157,640

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face amount¹		Value
Corporate bonds—(continued)
Airlines—(continued)
American Airlines, Inc./AAdvantage Loyalty IP Ltd.
5.500%, due 04/20/26²		112,500	$	112,162
5.750%, due 04/20/29²		275,000		272,315
Grupo Aeromexico SAB de CV
8.250%, due 11/15/29^2,7		300,000		299,250
JetBlue Airways Corp./JetBlue Loyalty LP
9.875%, due 09/20/31²		175,000		181,854
Latam Airlines Group SA
7.875%, due 04/15/30²		275,000		275,344
Transportes Aereos Portugueses SA
5.125%, due 11/15/29²	EUR	100,000		108,449
United Airlines Pass-Through Trust Series 2020-1, Class A,
5.875%, due 10/15/27		22,746		23,257
United Airlines, Inc.
4.625%, due 04/15/29²		150,000		143,566
				1,724,732
Apparel: 0.3%
Crocs, Inc.
4.125%, due 08/15/31²		175,000		153,295
4.250%, due 03/15/29²		25,000		22,930
CT Investment GmbH
6.375%, due 04/15/30²	EUR	200,000		224,294
Hanesbrands, Inc.
9.000%, due 02/15/31²		50,000		53,573
Kontoor Brands, Inc.
4.125%, due 11/15/29²		75,000		69,903

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face amount¹		Value
Corporate bonds—(continued)
Apparel—(continued)
Takko Fashion GmbH
10.250%, due 04/15/30^2,7	EUR	100,000	$	110,951
				634,946
Auto manufacturers: 0.2%
Allison Transmission, Inc.
3.750%, due 01/30/31²		25,000		22,187
4.750%, due 10/01/27²		75,000		73,143
Jaguar Land Rover Automotive PLC
5.875%, due 01/15/28²		200,000		197,765
JB Poindexter & Co., Inc.
8.750%, due 12/15/31²		75,000		78,690
Wabash National Corp.
4.500%, due 10/15/28²		25,000		22,754
				394,539
Auto parts & equipment: 2.4%
Adient Global Holdings Ltd.
7.000%, due 04/15/28²		25,000		25,415
8.250%, due 04/15/31²		25,000		25,898
Adler Pelzer Holding GmbH
9.500%, due 04/01/27²	EUR	200,000		205,933
9.500%, due 04/01/27³		100,000		102,966
American Axle & Manufacturing, Inc.
5.000%, due 10/01/29		25,000		22,619
Clarios Global LP/Clarios U.S. Finance Co.
6.250%, due 05/15/26²		25,000		25,050
8.500%, due 05/15/27²		25,000		25,134
Dana, Inc.
4.500%, due 02/15/32		25,000		21,384

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face amount¹		Value
Corporate bonds—(continued)
Auto parts & equipment—(continued)
Dealer Tire LLC/DT Issuer LLC
8.000%, due 02/01/28²		150,000	$	147,934
Dornoch Debt Merger Sub, Inc.
6.625%, due 10/15/29²		275,000		230,137
Forvia SE
2.750%, due 02/15/27³	EUR	350,000		365,008
Goodyear Tire & Rubber Co.
5.000%, due 07/15/29		75,000		67,905
5.250%, due 04/30/31		25,000		21,959
5.250%, due 07/15/31		275,000		241,741
7.000%, due 03/15/28		25,000		25,452
9.500%, due 05/31/25		31,000		31,099
Grupo Antolin-Irausa SA
3.500%, due 04/30/28³	EUR	100,000		81,059
10.375%, due 01/30/30²		125,000		117,681
IHO Verwaltungs GmbH
8.750% Cash or 9.500% PIK,
8.750%, due 05/15/28^2,8		225,000		259,827
6.750% cash or 7.500% PIK,
6.750%, due 11/15/29^2,8		100,000		110,271
7.750% Cash or 8.500% PIK,
7.750%, due 11/15/30^2,8		200,000		200,008
8.000% Cash or 8.750% PIK,
8.000%, due 11/15/32^2,8		200,000		200,654

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face amount¹		Value
Corporate bonds—(continued)
Auto parts & equipment—(continued)
Iochpe-Maxion Austria GmbH/Maxion Wheels de Mexico S de Real de CV
5.000%, due 05/07/28³		200,000	$	185,000
Mahle GmbH
6.500%, due 05/02/31²	EUR	100,000		105,784
Nemak SAB de CV
2.250%, due 07/20/28²		125,000		121,375
3.625%, due 06/28/31³		200,000		158,376
Phinia, Inc.
6.625%, due 10/15/32²		50,000		49,835
6.750%, due 04/15/29²		25,000		25,520
Schaeffler AG
4.500%, due 03/28/30³	EUR	200,000		215,915
4.750%, due 08/14/29³		100,000		110,729
Standard Profil Automotive GmbH
6.250%, due 04/30/26³		100,000		79,754
Tenneco, Inc.
8.000%, due 11/17/28²		150,000		138,900
ZF Europe Finance BV
6.125%, due 03/13/29³	EUR	300,000		333,602
ZF Finance GmbH
5.750%, due 08/03/26³		100,000		111,447
ZF North America Capital, Inc.
6.875%, due 04/14/28²		150,000		151,296
6.875%, due 04/23/32²		150,000		146,536
				4,489,203
Banks: 1.4%
Access Bank PLC
6.125%, due 09/21/26³		200,000		190,312

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face amount¹		Value
Corporate bonds—(continued)
Banks—(continued)
Banco BPM SpA
(fixed, converts to FRN on 01/19/27),
3.375%, due 01/19/32^3,6	EUR	200,000	$	214,909
Barclays PLC
(fixed, converts to FRN on 06/15/25),
7.125%, due 06/15/25^6,9	GBP	200,000		257,890
Citigroup, Inc.
Series V, (fixed, converts to FRN on 01/30/25),
4.700%, due 01/30/25^6,9		175,000		173,863
Commerzbank AG
(fixed, converts to FRN on 12/29/26),
1.375%, due 12/29/31^3,6	EUR	200,000		207,152
(fixed, converts to FRN on 12/05/25),
4.000%, due 12/05/30^3,6		100,000		108,982
(fixed, converts to FRN on 12/06/27),
6.500%, due 12/06/32^3,6		100,000		116,177
Deutsche Bank AG
(fixed, converts to FRN on 05/19/26),
5.625%, due 05/19/31^3,6		100,000		111,121
Freedom Mortgage Corp.
6.625%, due 01/15/27²		250,000		247,052
7.625%, due 05/01/26²		75,000		75,270
12.000%, due 10/01/28²		25,000		27,011
12.250%, due 10/01/30²		25,000		27,535
Goldman Sachs Group, Inc.
Series R,
(fixed, converts to FRN on 02/10/25),
4.950%, due 02/10/25^6,9		75,000		74,546

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face amount¹		Value
Corporate bonds—(continued)
Banks—(continued)
Intesa Sanpaolo SpA
2.925%, due 10/14/30³	EUR	250,000	$	257,262
JPMorgan Chase & Co.
Series HH,
(fixed, converts to FRN on 02/01/25),
4.600%, due 02/01/25^6,9		75,000		74,640
UniCredit SpA
(fixed, converts to FRN on 01/15/27),
2.731%, due 01/15/32^3,6	EUR	325,000		345,390
				2,509,112
Beverages: 0.2%
Primo Water Holdings, Inc.
3.875%, due 10/31/28³		200,000		213,482
4.375%, due 04/30/29²		150,000		141,319
Triton Water Holdings, Inc.
6.250%, due 04/01/29²		100,000		98,781
				453,582
Biotechnology: 0.1%
Grifols SA
3.875%, due 10/15/28³	EUR	100,000		98,799

Building Materials: 1.9%
AmeriTex HoldCo Intermediate LLC
10.250%, due 10/15/28²		50,000		52,609
Builders FirstSource, Inc.
4.250%, due 02/01/32²		300,000		268,376
5.000%, due 03/01/30²		100,000		95,536
6.375%, due 06/15/32²		225,000		226,271
Cemex SAB de CV
(fixed, converts to FRN on 09/08/26),
5.125%, due 06/08/26^3,6,9		600,000		582,366

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face amount¹		Value
Corporate bonds—(continued)
Building Materials—(continued)
EMRLD Borrower LP/Emerald Co-Issuer, Inc.
6.375%, due 12/15/30²	EUR	125,000	$	142,770
6.625%, due 12/15/30²		100,000		101,702
Griffon Corp.
5.750%, due 03/01/28		250,000		245,502
Knife River Corp.
7.750%, due 05/01/31²		50,000		52,381
Masterbrand, Inc.
7.000%, due 07/15/32²		25,000		25,608
Miter Brands Acquisition Holdco, Inc./MIWD Borrower LLC
6.750%, due 04/01/32²		75,000		76,294
MIWD Holdco II LLC/MIWD Finance Corp.
5.500%, due 02/01/30²		75,000		71,657
New Enterprise Stone & Lime Co., Inc.
5.250%, due 07/15/28²		75,000		72,575
9.750%, due 07/15/28²		100,000		101,512
Oscar AcquisitionCo LLC/Oscar Finance, Inc.
9.500%, due 04/15/30²		50,000		48,849
Project Grand U.K. PLC
9.000%, due 06/01/29²	EUR	100,000		112,528
Sisecam U.K. PLC
8.250%, due 05/02/29²		200,000		204,876
Smyrna Ready Mix Concrete LLC
6.000%, due 11/01/28²		225,000		223,147

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face amount¹		Value
Corporate bonds—(continued)
Building Materials—(continued)
Standard Industries, Inc.
4.375%, due 07/15/30²		175,000	$	160,818
5.000%, due 02/15/27²		125,000		122,411
6.500%, due 08/15/32²		50,000		50,311
Summit Materials LLC/Summit Materials Finance Corp.
5.250%, due 01/15/29²		100,000		99,139
6.500%, due 03/15/27²		50,000		49,992
7.250%, due 01/15/31²		45,000		46,753
Victoria PLC
3.625%, due 08/24/26³	EUR	100,000		97,354
West China Cement Ltd.
4.950%, due 07/08/26³		200,000		151,329
Wilsonart LLC
11.000%, due 08/15/32²		75,000		73,857
				3,556,523
Chemicals: 3.6%
ASP Unifrax Holdings, Inc.
5.850% Cash or 7.100% PIK,
7.100%, due 09/30/29^2,8		19,750		11,652
Avient Corp.
6.250%, due 11/01/31²		50,000		50,146
7.125%, due 08/01/30²		125,000		128,548
Braskem Netherlands Finance BV
4.500%, due 01/31/30³		450,000		390,487
8.000%, due 10/15/34²		400,000		399,000

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face amount¹		Value
Corporate bonds—(continued)
Chemicals—(continued)
Chemours Co.
4.000%, due 05/15/26	EUR	200,000	$	215,897
4.625%, due 11/15/29²		50,000		43,410
5.375%, due 05/15/27		75,000		72,212
5.750%, due 11/15/28²		175,000		161,537
Consolidated Energy Finance SA
5.000%, due 10/15/28²	EUR	225,000		202,207
Herens Midco SARL
5.250%, due 05/15/29³		200,000		164,365
INEOS Quattro Finance 2 PLC
6.750%, due 04/15/30²		100,000		110,034
8.500%, due 03/15/29²		200,000		231,147
Innophos Holdings, Inc.
9.375%, due 02/15/28²		100,000		94,167
Iris Holdings, Inc.
8.750% Cash or 9.500% PIK,
8.750%, due 02/15/26^2,8		125,000		116,430
Italmatch Chemicals SpA
10.000%, due 02/06/28²	EUR	125,000		144,144
Mativ Holdings, Inc.
8.000%, due 10/01/29²		50,000		50,878
Methanex Corp.
5.125%, due 10/15/27		75,000		72,990
Minerals Technologies, Inc.
5.000%, due 07/01/28²		100,000		96,750
Nobian Finance BV
3.625%, due 07/15/26³	EUR	125,000		134,330

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face amount¹		Value
Corporate bonds—(continued)
Chemicals—(continued)
NOVA Chemicals Corp.
4.250%, due 05/15/29²		50,000	$	45,551
5.250%, due 06/01/27²		75,000		73,612
8.500%, due 11/15/28²		125,000		132,532
9.000%, due 02/15/30²		150,000		159,761
OCP SA
6.875%, due 04/25/44³		500,000		491,405
7.500%, due 05/02/54²		200,000		206,876
Olin Corp.
5.625%, due 08/01/29		150,000		147,885
Olympus Water U.S. Holding Corp.
5.375%, due 10/01/29³	EUR	225,000		232,548
6.250%, due 10/01/29²		200,000		190,749
9.625%, due 11/15/28³	EUR	125,000		145,102
9.750%, due 11/15/28²		200,000		212,182
Polar U.S. Borrower LLC/Schenectady International Group, Inc.
6.750%, due 05/15/26²		125,000		59,062
Rain Carbon, Inc.
12.250%, due 09/01/29²		50,000		53,310
Sasol Financing USA LLC
4.500%, due 11/08/27³		200,000		180,060
SCIH Salt Holdings, Inc.
4.875%, due 05/01/28²		25,000		23,938
6.625%, due 05/01/29²		150,000		145,625
SCIL IV LLC/SCIL USA Holdings LLC
9.500%, due 07/15/28²	EUR	150,000		175,400
9.500%, due 07/15/28^3,10		100,000		116,933

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face amount¹		Value
Corporate bonds—(continued)
Chemicals—(continued)
Synthomer PLC
7.375%, due 05/02/29²		125,000	$	141,571
7.375%, due 05/02/29³		100,000		113,256
Trinseo Materials Operating SCA/Trinseo Materials Finance, Inc.
5.125%, due 04/01/29²		240,000		128,751
5.375%, due 09/01/25²		46,000		41,389
Tronox, Inc.
4.625%, due 03/15/29²		150,000		136,093
UPL Corp. Ltd.
(fixed, converts to FRN on 05/27/25),
5.250%, due 02/27/25^3,6,9		200,000		157,876
WR Grace Holdings LLC
4.875%, due 06/15/27²		125,000		122,655
5.625%, due 08/15/29²		125,000		115,458
7.375%, due 03/01/31²		50,000		51,677
				6,691,588
Coal: 0.0%†
Cloud Peak Energy Resources LLC/Cloud Peak Energy Finance Corp.
3.000%, due 03/15/24^4,5,11		550,000		5,500
Coronado Finance Pty. Ltd.
9.250%, due 10/01/29²		25,000		25,576
Murray Energy Corp.
9.000% Cash and 3.000% PIK,
12.000%, due 04/15/24^2,4,5,8,12		1,268,693		0
				31,076
Commercial services: 4.2%
ADT Security Corp.
4.125%, due 08/01/29²		25,000		23,376
4.875%, due 07/15/32²		150,000		139,789

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face amount¹		Value
Corporate bonds—(continued)
Commercial services—(continued)
Adtalem Global Education, Inc.
5.500%, due 03/01/28²		81,000	$	79,291
Allied Universal Holdco LLC
7.875%, due 02/15/31²		25,000		25,442
Allied Universal Holdco LLC/Allied Universal Finance Corp.
6.000%, due 06/01/29²		200,000		183,000
9.750%, due 07/15/27²		250,000		250,602
Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 SARL
3.625%, due 06/01/28²	EUR	100,000		102,405
4.625%, due 06/01/28²		200,000		187,262
4.875%, due 06/01/28³	GBP	150,000		177,022
Alta Equipment Group, Inc.
9.000%, due 06/01/29²		50,000		44,407
AMN Healthcare, Inc.
4.000%, due 04/15/29²		250,000		230,400
4.625%, due 10/01/27²		25,000		24,088
APCOA Group GmbH
6.000%, due 04/15/31²	EUR	200,000		216,723
APi Group DE, Inc.
4.125%, due 07/15/29²		175,000		161,408
Arena Luxembourg Finance SARL
1.875%, due 02/01/28³	EUR	125,000		129,170
Avis Budget Car Rental LLC/Avis Budget Finance, Inc.
5.375%, due 03/01/29²		200,000		186,146
5.750%, due 07/15/27²		25,000		24,540
5.750%, due 07/15/27²		25,000		24,386

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face amount¹		Value
Corporate bonds—(continued)
Commercial services—(continued)
Avis Budget Finance PLC
7.250%, due 07/31/30²	EUR	200,000	$	218,692
BCP V Modular Services Finance II PLC
4.750%, due 11/30/28³		100,000		105,005
BCP V Modular Services Finance PLC
6.750%, due 11/30/29³		150,000		141,543
Belron U.K. Finance PLC
4.625%, due 10/15/29²		200,000		220,528
Block, Inc.
6.500%, due 05/15/32²		75,000		76,332
Boels Topholding BV
5.750%, due 05/15/30²	EUR	100,000		112,194
5.750%, due 05/15/30³		100,000		112,194
Boost Newco Borrower LLC/GTCR W Dutch Finance Sub BV
8.500%, due 01/15/31³	GBP	100,000		139,087
Brink's Co.
6.500%, due 06/15/29²		75,000		76,504
6.750%, due 06/15/32²		100,000		101,840
Carriage Services, Inc.
4.250%, due 05/15/29²		75,000		68,538
Champions Financing, Inc.
8.750%, due 02/15/29²		25,000		25,238
CPI CG, Inc.
10.000%, due 07/15/29²		50,000		52,375

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face amount¹		Value
Corporate bonds—(continued)
Commercial services—(continued)
EquipmentShare.com, Inc.
8.000%, due 03/15/33²		125,000	$	126,205
GEO Group, Inc.
8.625%, due 04/15/29		75,000		78,450
10.250%, due 04/15/31		100,000		107,181
Herc Holdings, Inc.
6.625%, due 06/15/29²		75,000		76,737
Hertz Corp.
3.000%, due 01/15/28²		50,000		8,375
4.625%, due 12/01/26²		25,000		18,886
La Financiere Atalian
3.500% Cash and 5.000% PIK,
8.500%, due 06/30/28⁸	EUR	323,201		164,115
Loxam SAS
6.375%, due 05/31/29²		100,000		113,746
Matthews International Corp.
8.625%, due 10/01/27²		100,000		103,148
Mavis Tire Express Services Topco Corp.
6.500%, due 05/15/29²		325,000		311,465
Mundys SpA
1.875%, due 02/12/28³	EUR	225,000		233,012
Neptune Bidco U.S., Inc.
9.290%, due 04/15/29²		275,000		256,995
NESCO Holdings II, Inc.
5.500%, due 04/15/29²		125,000		116,328
Paysafe Finance PLC/Paysafe Holdings U.S. Corp.
4.000%, due 06/15/29²		100,000		92,301

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face amount¹		Value
Corporate bonds—(continued)
Commercial services—(continued)
Prime Security Services Borrower LLC/Prime Finance, Inc.
6.250%, due 01/15/28²		75,000	$	74,920
PROG Holdings, Inc.
6.000%, due 11/15/29²		25,000		24,164
Q-Park Holding I BV
5.125%, due 02/15/30²	EUR	100,000		111,219
Rekeep SpA
7.250%, due 02/01/26³		175,000		183,218
RR Donnelley & Sons Co.
9.500%, due 08/01/29²		75,000		75,529
10.875%, due 08/01/29²		75,000		73,944
Service Corp. International
3.375%, due 08/15/30		25,000		22,155
4.000%, due 05/15/31		225,000		202,918
5.750%, due 10/15/32		100,000		98,233
United Rentals North America, Inc.
3.750%, due 01/15/32		75,000		66,505
3.875%, due 02/15/31		125,000		113,399
4.000%, due 07/15/30		225,000		207,788
5.250%, due 01/15/30		275,000		270,669
5.500%, due 05/15/27		25,000		24,952
6.125%, due 03/15/34²		25,000		25,209
Verisure Holding AB
7.125%, due 02/01/28²	EUR	125,000		141,408
9.250%, due 10/15/27³		80,000		91,240
Verisure Midholding AB
5.250%, due 02/15/29³		100,000		108,571

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face amount¹		Value
Corporate bonds—(continued)
Commercial services—(continued)
Vortex Opco LLC
8.000%, due 04/30/30²		78,375	$	29,391
WASH Multifamily Acquisition, Inc.
5.750%, due 04/15/26²		100,000		99,753
Williams Scotsman, Inc.
4.625%, due 08/15/28²		75,000		71,694
6.125%, due 06/15/25²		60,000		59,908
6.625%, due 06/15/29²		50,000		50,759
				7,694,017
Computers: 0.7%
Amentum Holdings, Inc.
7.250%, due 08/01/32²		75,000		77,683
ASGN, Inc.
4.625%, due 05/15/28²		175,000		167,110
CA Magnum Holdings
5.375%, due 10/31/26³		200,000		196,250
Exela Intermediate LLC/Exela Finance, Inc.
5.75% Cash and 5.75% PIK,
11.500%, due 04/15/26^2,8		162,951		26,887
Insight Enterprises, Inc.
6.625%, due 05/15/32²		25,000		25,558
McAfee Corp.
7.375%, due 02/15/30²		75,000		72,307
NCR Atleos Corp.
9.500%, due 04/01/29²		200,000		220,121
NCR Voyix Corp.
5.000%, due 10/01/28²		125,000		120,246
5.125%, due 04/15/29²		88,000		84,101

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face amount¹		Value
Corporate bonds—(continued)
Computers—(continued)
Seagate HDD Cayman
4.125%, due 01/15/31		80,000	$	71,942
9.625%, due 12/01/32		226,125		257,710
Western Digital Corp.
4.750%, due 02/15/26		50,000		49,412
				1,369,327
Construction materials: 0.1%
JELD-WEN, Inc.
7.000%, due 09/01/32²		50,000		49,552
Limak Cimento Sanayi ve Ticaret AS
9.750%, due 07/25/29³		200,000		194,000
				243,552
Cosmetics/Personal Care: 0.1%
Coty, Inc.
5.750%, due 09/15/28²	EUR	100,000		113,350

Distribution & wholesale: 0.5%
American Builders & Contractors Supply Co., Inc.
4.000%, due 01/15/28²		50,000		47,521
Azelis Finance NV
5.750%, due 03/15/28³	EUR	300,000		336,771
BCPE Empire Holdings, Inc.
7.625%, due 05/01/27²		175,000		176,040
Li & Fung Ltd.
5.250%, due 05/03/25^3,9		200,000		109,123
OPENLANE, Inc.
5.125%, due 06/01/25²		16,000		15,905
Resideo Funding, Inc.
4.000%, due 09/01/29²		50,000		45,894
6.500%, due 07/15/32²		50,000		50,321

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face amount¹		Value
Corporate bonds—(continued)
Distribution & wholesale—(continued)
Ritchie Bros Holdings, Inc.
6.750%, due 03/15/28²		50,000	$	51,271
7.750%, due 03/15/31²		25,000		26,340
Velocity Vehicle Group LLC
8.000%, due 06/01/29²		25,000		25,757
Windsor Holdings III LLC
8.500%, due 06/15/30²		50,000		52,621
				937,564
Diversified financial services: 3.7%
4finance SA
10.750%, due 10/26/26	EUR	200,000		213,832
AG Issuer LLC
6.250%, due 03/01/28²		100,000		97,913
AG TTMT Escrow Issuer LLC
8.625%, due 09/30/27²		25,000		25,828
Ally Financial, Inc.
Series B,
(fixed, converts to FRN on 05/15/26),
4.700%, due 05/15/26^6,9		100,000		89,962
6.700%, due 02/14/33		75,000		75,317
Azorra Finance Ltd.
7.750%, due 04/15/30²		50,000		49,405
Bracken MidCo1 PLC
6.750% Cash or 7.500% PIK,
6.750%, due 11/01/27^3,8	GBP	100,000		126,044
Bread Financial Holdings, Inc.
9.750%, due 03/15/29²		75,000		79,218
Bubbles Holdco SPA
3 mo. EURIBOR + 4.250%,
7.496%, due 09/30/31^2,6	EUR	100,000		108,366

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face amount¹		Value
Corporate bonds—(continued)
Diversified financial services—(continued)
Coinbase Global, Inc.
0.500%, due 06/01/26		25,000	$	24,106
3.375%, due 10/01/28²		325,000		288,875
3.625%, due 10/01/31²		275,000		229,334
Credito Real SAB de CV SOFOM ER
5.000%, due 02/01/27^3,12	EUR	275,000		27,164
doValue SpA
3.375%, due 07/31/26²		150,000		158,561
Enova International, Inc.
9.125%, due 08/01/29²		25,000		25,664
Focus Financial Partners LLC
6.750%, due 09/15/31²		50,000		49,672
Freedom Mortgage Holdings LLC
9.250%, due 02/01/29²		75,000		76,809
Garfunkelux Holdco 3 SA
7.750%, due 11/01/25³	GBP	225,000		183,650
GGAM Finance Ltd.
5.875%, due 03/15/30²		75,000		73,969
6.875%, due 04/15/29²		25,000		25,477
8.000%, due 02/15/27²		25,000		25,828
goeasy Ltd.
6.875%, due 05/15/30^2,7		75,000		76,191
7.625%, due 07/01/29²		150,000		154,052
9.250%, due 12/01/28²		50,000		53,316
Hightower Holding LLC
9.125%, due 01/31/30²		50,000		52,716

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face amount¹		Value
Corporate bonds—(continued)
Diversified financial services—(continued)
International Personal Finance PLC
9.750%, due 11/12/25	EUR	100,000	$	109,591
Intrum AB
9.250%, due 03/15/28³		100,000		80,645
Jane Street Group/JSG Finance, Inc.
4.500%, due 11/15/29²		75,000		70,962
6.125%, due 11/01/32²		100,000		100,065
Jefferson Capital Holdings LLC
6.000%, due 08/15/26²		100,000		99,654
9.500%, due 02/15/29²		100,000		106,366
Jerrold Finco PLC
7.875%, due 04/15/30²	GBP	100,000		132,310
Macquarie Airfinance Holdings Ltd.
6.500%, due 03/26/31²		25,000		25,971
Midcap Financial Issuer Trust
6.500%, due 05/01/28²		200,000		189,038
Nationstar Mortgage Holdings, Inc.
5.125%, due 12/15/30²		75,000		70,213
5.500%, due 08/15/28²		100,000		97,578
5.750%, due 11/15/31²		50,000		47,823
6.000%, due 01/15/27²		75,000		74,728
7.125%, due 02/01/32²		50,000		51,120

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face amount¹		Value
Corporate bonds—(continued)
Diversified financial services—(continued)
Navient Corp.
5.000%, due 03/15/27		231,000	$	227,094
5.500%, due 03/15/29		125,000		119,077
Series A,
5.625%, due 08/01/33		150,000		129,438
6.750%, due 06/15/26		150,000		152,865
9.375%, due 07/25/30		75,000		81,655
11.500%, due 03/15/31		100,000		112,240
Newday Bondco PLC
13.250%, due 12/15/26³	GBP	92,700		128,079
OneMain Finance Corp.
3.875%, due 09/15/28		25,000		23,043
4.000%, due 09/15/30		75,000		66,022
5.375%, due 11/15/29		25,000		23,959
6.625%, due 01/15/28		75,000		76,177
7.125%, due 03/15/26		100,000		102,449
7.125%, due 11/15/31		50,000		50,572
7.500%, due 05/15/31		100,000		102,265
7.875%, due 03/15/30		250,000		260,262
ONEMAIN FINANCE Corp.
6.625%, due 05/15/29		50,000		50,000
PennyMac Financial Services, Inc.
4.250%, due 02/15/29²		175,000		163,236
5.750%, due 09/15/31²		75,000		71,601
7.875%, due 12/15/29²		125,000		130,872
PHH Escrow Issuer LLC
9.875%, due 11/01/29^2,7		50,000		49,000

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face amount¹		Value
Corporate bonds—(continued)
Diversified financial services—(continued)
PRA Group, Inc.
8.375%, due 02/01/28²		100,000	$	102,826
Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc.
3.625%, due 03/01/29²		75,000		69,081
3.875%, due 03/01/31²		75,000		66,799
4.000%, due 10/15/33²		250,000		215,614
StoneX Group, Inc.
7.875%, due 03/01/31²		25,000		26,300
Synchrony Financial
7.250%, due 02/02/33		75,000		76,791
Titanium 2l Bondco SARL
6.250%, due 01/14/31⁸	EUR	215,800		83,942
VFH Parent LLC/Valor Co-Issuer, Inc.
7.500%, due 06/15/31²		25,000		25,671
VistaJet Malta Finance PLC/Vista Management Holding, Inc.
6.375%, due 02/01/30²		100,000		85,599
7.875%, due 05/01/27²		175,000		170,357
World Acceptance Corp.
7.000%, due 11/01/26²		100,000		98,985
				6,789,204
Electric: 3.4%
AES Andes SA
(fixed, converts to FRN on 04/07/25),
6.350%, due 10/07/79^3,6		200,000		198,208
AES Corp.
(fixed, converts to FRN on 01/15/30),
7.600%, due 01/15/55⁶		75,000		77,727

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face amount¹		Value
Corporate bonds—(continued)
Electric—(continued)
AES Espana BV
5.700%, due 05/04/28²		400,000	$	379,876
Alpha Generation LLC
6.750%, due 10/15/32²		100,000		101,405
American Electric Power Co., Inc.
(fixed, converts to FRN on 12/15/34),
6.950%, due 12/15/54⁶		50,000		52,334
(fixed, converts to FRN on 12/15/29),
7.050%, due 12/15/54⁶		75,000		77,632
Aydem Yenilenebilir Enerji AS
7.750%, due 02/02/27³		300,000		297,844
California Buyer Ltd./Atlantica Sustainable Infrastructure PLC
5.625%, due 02/15/32^2,7	EUR	125,000		139,206
Calpine Corp.
4.500%, due 02/15/28²		25,000		24,079
5.000%, due 02/01/31²		100,000		94,374
5.125%, due 03/15/28²		325,000		317,634
Clearway Energy Operating LLC
3.750%, due 01/15/32²		50,000		44,307
4.750%, due 03/15/28²		50,000		48,500
ContourGlobal Power Holdings SA
3.125%, due 01/01/28²	EUR	100,000		103,893
3.125%, due 01/01/28³		200,000		207,786
Electricidad Firme de Mexico Holdings SA de CV
4.900%, due 11/20/26²		200,000		193,162

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face amount¹		Value
Corporate bonds—(continued)
Electric—(continued)
Electricite de France SA
(fixed, converts to FRN on 01/29/25),
5.375%, due 01/29/25^3,6,9	EUR	100,000	$	109,060
Energia Group Roi Financeco DAC
6.875%, due 07/31/28²		250,000		284,691
Eskom Holdings SOC Ltd.
6.350%, due 08/10/28³		200,000		199,750
Instituto Costarricense de Electricidad
6.375%, due 05/15/43³		200,000		185,250
Investment Energy Resources Ltd.
6.250%, due 04/26/29²		200,000		192,892
Leeward Renewable Energy Operations LLC
4.250%, due 07/01/29²		50,000		46,784
Lightning Power LLC
7.250%, due 08/15/32²		100,000		104,034
Mong Duong Finance Holdings BV
5.125%, due 05/07/29²		316,230		307,338

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face amount¹		Value
Corporate bonds—(continued)
Electric—(continued)
NRG Energy, Inc.
3.375%, due 02/15/29²		50,000	$	45,592
3.625%, due 02/15/31²		25,000		22,134
5.250%, due 06/15/29²		150,000		146,580
5.750%, due 01/15/28		25,000		25,013
5.750%, due 07/15/29²		175,000		174,562
6.000%, due 02/01/33²		75,000		74,585
6.250%, due 11/01/34²		75,000		74,921
(fixed, converts to FRN on 03/15/28),
10.250%, due 03/15/28^2,6,9		125,000		137,950
PG&E Corp.
5.000%, due 07/01/28		150,000		146,302
(fixed, converts to FRN on 03/15/30),
7.375%, due 03/15/55⁶		25,000		25,823
Pike Corp.
8.625%, due 01/31/31²		25,000		26,562
RRI Energy, Inc.
3.000%, due 06/15/17^4,5,12		75,000		0
Talen Energy Supply LLC
8.625%, due 06/01/30²		125,000		134,841
Termocandelaria Power SA
7.750%, due 09/17/31²		200,000		200,500
TransAlta Corp.
7.750%, due 11/15/29		50,000		52,800

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face amount¹		Value
Corporate bonds—(continued)
Electric—(continued)
Vistra Corp.
(fixed, converts to FRN on 12/15/26),
7.000%, due 12/15/26^2,6,9		175,000	$	176,478
(fixed, converts to FRN on 10/15/26),
8.000%, due 10/15/26^2,6,9		125,000		128,395
Vistra Operations Co. LLC
4.375%, due 05/01/29²		100,000		95,190
5.000%, due 07/31/27²		50,000		49,342
5.500%, due 09/01/26²		275,000		274,170
5.625%, due 02/15/27²		75,000		74,806
6.875%, due 04/15/32²		150,000		155,108
7.750%, due 10/15/31²		150,000		158,456
				6,187,876
Electrical components & equipment: 0.3%
Belden, Inc.
3.375%, due 07/15/31³	EUR	300,000		309,139
Energizer Holdings, Inc.
6.500%, due 12/31/27²		50,000		50,570
EnerSys
6.625%, due 01/15/32²		25,000		25,676
Nexans SA
4.125%, due 05/29/29³	EUR	100,000		110,698
Senvion Holding GmbH
3.875%, due 10/25/22^3,12		400,000		1,088
WESCO Distribution, Inc.
6.625%, due 03/15/32²		25,000		25,619
				522,790
Electronics: 0.7%
Coherent Corp.
5.000%, due 12/15/29²		225,000		215,843

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face amount¹		Value
Corporate bonds—(continued)
Electronics—(continued)
EquipmentShare.com, Inc.
8.625%, due 05/15/32²		100,000	$	103,161
Imola Merger Corp.
4.750%, due 05/15/29²		600,000		580,031
Sensata Technologies BV
4.000%, due 04/15/29²		200,000		187,020
Sensata Technologies, Inc.
3.750%, due 02/15/31²		75,000		66,938
TTM Technologies, Inc.
4.000%, due 03/01/29²		200,000		186,982
				1,339,975
Energy-Alternate Sources: 0.6%
Continuum Energy Aura Pte. Ltd.
9.500%, due 02/24/27³		400,000		419,125
Greenko Power II Ltd.
4.300%, due 12/13/28²		216,875		202,271
ReNew Pvt Ltd.
5.875%, due 03/05/27²		299,000		292,646
TerraForm Power Operating LLC
4.750%, due 01/15/30²		125,000		116,629
5.000%, due 01/31/28²		50,000		48,851
				1,079,522
Engineering & construction: 1.1%
Aeropuertos Argentina 2000 SA
8.500%, due 08/01/31³		100,000		103,552
Aeropuertos Dominicanos Siglo XXI SA
7.000%, due 06/30/34³		200,000		204,000
Arcosa, Inc.
6.875%, due 08/15/32²		50,000		51,318

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face amount¹		Value
Corporate bonds—(continued)
Engineering & construction—(continued)
IHS Holding Ltd.
5.625%, due 11/29/26³		200,000	$	195,908
6.250%, due 11/29/28³		350,000		328,055
Kingston Airport Revenue Finance Ltd.
6.750%, due 12/15/36²		400,000		404,948
OHL Operaciones SA
5.100% Cash or 4.650% PIK,
9.750%, due 03/31/26^2,8	EUR	101,350		104,731
Sarens Finance Co. NV
5.750%, due 02/21/27³		338,000		365,039
TopBuild Corp.
4.125%, due 02/15/32²		75,000		66,862
Weekley Homes LLC/Weekley Finance Corp.
4.875%, due 09/15/28²		200,000		191,104
				2,015,517
Entertainment: 3.4%
888 Acquisitions Ltd.
10.750%, due 05/15/30³	GBP	200,000		257,890
Affinity Interactive
6.875%, due 12/15/27²		150,000		122,836
Allwyn Entertainment Financing U.K. PLC
7.250%, due 04/30/30²	EUR	125,000		143,957
AMC Entertainment Holdings, Inc.
5.875%, due 11/15/26		25,000		22,334
7.500%, due 02/15/29²		125,000		107,839
10.000% Cash or 12.000% PIK,
10.000%, due 06/15/26^2,8		74,932		75,163

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face amount¹		Value
Corporate bonds—(continued)
Entertainment—(continued)
Boyne USA, Inc.
4.750%, due 05/15/29²		50,000	$	47,681
Caesars Entertainment, Inc.
4.625%, due 10/15/29²		250,000		234,385
6.000%, due 10/15/32²		50,000		48,771
6.500%, due 02/15/32²		50,000		50,706
Cedar Fair LP/Canada's Wonderland Co./Magnum Management Corp./Millennium Op
5.250%, due 07/15/29		25,000		24,082
6.500%, due 10/01/28		200,000		201,697
Churchill Downs, Inc.
4.750%, due 01/15/28²		25,000		24,254
5.500%, due 04/01/27²		150,000		149,106
5.750%, due 04/01/30²		125,000		123,057
Cinemark USA, Inc.
5.250%, due 07/15/28²		50,000		49,059
7.000%, due 08/01/32²		50,000		51,252
Cirsa Finance International SARL
6.500%, due 03/15/29³	EUR	100,000		114,388
Codere Finance 2 Luxembourg SA
8.000% Cash or 3.000% PIK,
11.000%, due 09/30/26^3,8		100,556		47,580
8.000% Cash or 3.000% PIK,
11.000%, due 09/30/26^2,8		61,563		29,130
13.000%, due 06/30/25³		6,555		7,023
Empire Resorts, Inc.
7.750%, due 11/01/26³		300,000		285,750
Everi Holdings, Inc.
5.000%, due 07/15/29²		50,000		49,610

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face amount¹		Value
Corporate bonds—(continued)
Entertainment—(continued)
Great Canadian Gaming Corp.
8.750%, due 11/15/29^2,7		50,000	$	50,000
IGT Lottery Holdings BV
4.250%, due 03/15/30²	EUR	100,000		109,396
Inter Media & Communication SpA
6.750%, due 02/09/27³		247,847		274,718
6.750%, due 02/09/27²		99,139		109,887
International Game Technology PLC
4.125%, due 04/15/26²		200,000		197,125
Jacobs Entertainment, Inc.
6.750%, due 02/15/29²		225,000		221,458
LHMC Finco 2 SARL
7.250% Cash or 8.000% PIK,
7.250%, due 10/02/25^3,8	EUR	202,018		219,749
Light & Wonder International, Inc.
7.000%, due 05/15/28²		175,000		175,743
7.250%, due 11/15/29²		25,000		25,561
Lions Gate Capital Holdings LLC
5.500%, due 04/15/29²		50,000		36,077
Live Nation Entertainment, Inc.
3.750%, due 01/15/28²		125,000		118,422
4.750%, due 10/15/27²		150,000		145,975
5.625%, due 03/15/26²		225,000		224,063

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face amount¹		Value
Corporate bonds—(continued)
Entertainment—(continued)
Lottomatica SpA
5.375%, due 06/01/30²	EUR	100,000	$	112,665
3 mo. EURIBOR + 3.250%,
6.755%, due 06/01/31^2,6		100,000		109,407
7.125%, due 06/01/28²		100,000		114,457
Melco Resorts Finance Ltd.
7.625%, due 04/17/32²		200,000		202,530
Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp.
4.875%, due 05/01/29²		125,000		118,005
Mohegan Tribal Gaming Authority
8.000%, due 02/01/26²		150,000		148,991
Motion Finco SARL
7.375%, due 06/15/30²	EUR	225,000		244,795
Penn Entertainment, Inc.
4.125%, due 07/01/29²		225,000		202,278
Playtech PLC
4.250%, due 03/07/26³	EUR	125,000		135,815
Premier Entertainment Sub LLC/Premier Entertainment Finance Corp.
5.625%, due 09/01/29²		125,000		88,438
5.875%, due 09/01/31²		125,000		80,648
Raptor Acquisition Corp./Raptor Co-Issuer LLC
4.875%, due 11/01/26²		75,000		74,374

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face amount¹		Value
Corporate bonds—(continued)
Entertainment—(continued)
Scientific Games Holdings LP/Scientific Games U.S. FinCo, Inc.
6.625%, due 03/01/30²		50,000	$	48,745
SeaWorld Parks & Entertainment, Inc.
5.250%, due 08/15/29²		150,000		144,060
Six Flags Entertainment Corp.
5.500%, due 04/15/27²		25,000		24,851
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.
5.125%, due 10/01/29²		125,000		121,353
6.250%, due 03/15/33²		75,000		74,649
7.125%, due 02/15/31²		75,000		78,899
				6,300,684
Environmental control: 0.3%
Clean Harbors, Inc.
6.375%, due 02/01/31²		50,000		50,376
GFL Environmental, Inc.
6.750%, due 01/15/31²		50,000		51,481
Madison IAQ LLC
5.875%, due 06/30/29²		100,000		94,847
Paprec Holding SA
7.250%, due 11/17/29²	EUR	100,000		114,914
7.250%, due 11/17/29³		125,000		143,642
Reworld Holding Corp.
5.000%, due 09/01/30		100,000		91,898
				547,158

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face amount¹		Value
Corporate bonds—(continued)
Food: 1.8%
Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC
3.500%, due 03/15/29²		25,000	$	23,098
4.625%, due 01/15/27²		175,000		171,691
4.875%, due 02/15/30²		175,000		170,451
5.875%, due 02/15/28²		50,000		50,080
6.500%, due 02/15/28²		150,000		153,497
B&G Foods, Inc.
8.000%, due 09/15/28²		75,000		77,917
Boparan Finance PLC
7.625%, due 11/30/25³	GBP	125,000		160,778
C&S Group Enterprises LLC
5.000%, due 12/15/28²		50,000		41,386
Chobani Holdco II LLC
8.750% Cash or 9.500% PIK,
8.750%, due 10/01/29^2,8		25,000		25,791
Chobani LLC/Chobani Finance Corp., Inc.
7.625%, due 07/01/29²		50,000		52,126
Ingles Markets, Inc.
4.000%, due 06/15/31²		175,000		156,139
KeHE Distributors LLC/KeHE Finance Corp./NextWave Distribution, Inc.
9.000%, due 02/15/29²		175,000		181,206
Kroger Co.
5.000%, due 09/15/34		100,000		98,361
5.650%, due 09/15/64		25,000		24,294

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face amount¹		Value
Corporate bonds—(continued)
Food—(continued)
Lamb Weston Holdings, Inc.
4.125%, due 01/31/30²		75,000	$	69,634
4.375%, due 01/31/32²		125,000		114,515
Minerva Luxembourg SA
4.375%, due 03/18/31³		200,000		168,250
Performance Food Group, Inc.
4.250%, due 08/01/29²		125,000		116,997
5.500%, due 10/15/27²		50,000		49,576
6.125%, due 09/15/32²		50,000		50,209
Pilgrim's Pride Corp.
6.250%, due 07/01/33		75,000		77,855
Post Holdings, Inc.
4.500%, due 09/15/31²		50,000		45,518
4.625%, due 04/15/30²		350,000		327,105
5.500%, due 12/15/29²		75,000		73,149
5.625%, due 01/15/28²		10,000		10,082
6.250%, due 10/15/34²		25,000		24,724
Rallye SA
Series COFP,
5.250%, due 02/28/32³	EUR	800,000		421
Simmons Foods, Inc./Simmons Prepared Foods, Inc./Simmons Pet Food, Inc./Simmons Feed
4.625%, due 03/01/29²		175,000		162,108

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face amount¹		Value
Corporate bonds—(continued)
Food—(continued)
U.S. Foods, Inc.
4.750%, due 02/15/29²		200,000	$	192,667
5.750%, due 04/15/33²		25,000		24,620
6.875%, due 09/15/28²		50,000		51,396
7.250%, due 01/15/32²		50,000		51,951
Ulker Biskuvi Sanayi AS
7.875%, due 07/08/31²		200,000		204,500
United Natural Foods, Inc.
6.750%, due 10/15/28²		25,000		24,125
Viking Baked Goods Acquisition Corp.
8.625%, due 11/01/31^2,7		75,000		74,761
				3,300,978
Food service: 0.1%
Aramark Services, Inc.
5.000%, due 02/01/28²		25,000		24,549
TKC Holdings, Inc.
10.500%, due 05/15/29²		100,000		101,014
				125,563
Forest products & paper: 0.1%
Appcion
9.000%, due 06/01/25^2,4,5,11,12		650,000		6,500
Domtar Corp.
6.750%, due 10/01/28²		83,000		75,892
Mercer International, Inc.
5.125%, due 02/01/29		50,000		43,152
12.875%, due 10/01/28²		25,000		26,471
				152,015

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face amount¹		Value
Corporate bonds—(continued)
Gas: 0.4%
AmeriGas Partners LP/AmeriGas Finance Corp.
5.500%, due 05/20/25		19,000	$	18,936
5.750%, due 05/20/27		150,000		144,670
5.875%, due 08/20/26		50,000		48,993
EP Infrastructure AS
1.698%, due 07/30/26³	EUR	100,000		104,411
2.045%, due 10/09/28³		150,000		149,840
UGI International LLC
2.500%, due 12/01/29³		175,000		174,728
				641,578
Hand & machine tools: 0.2%
Dynamo Newco II GmbH
6.250%, due 10/15/31²		150,000		164,133
IMA Industria Macchine Automatiche SpA
3.750%, due 01/15/28³		100,000		106,230
Werner FinCo LP/Werner FinCo, Inc.
11.500%, due 06/15/28²		25,000		27,792
8.750% Cash and 5.750% PIK,
14.500%, due 10/15/28^2,8		134,571		137,472
				435,627
Healthcare-products: 0.9%
Avantor Funding, Inc.
3.875%, due 07/15/28³	EUR	100,000		108,344
3.875%, due 11/01/29²		100,000		92,231
4.625%, due 07/15/28²		225,000		217,557
Bausch & Lomb Corp.
8.375%, due 10/01/28²		175,000		183,605
Embecta Corp.
5.000%, due 02/15/30²		25,000		22,629

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face amount¹		Value
Corporate bonds—(continued)
Healthcare-products—(continued)
Marcolin SpA
6.125%, due 11/15/26³	EUR	200,000	$	218,094
Medline Borrower LP
5.250%, due 10/01/29²		375,000		363,226
RAY Financing LLC
6.500%, due 07/15/31²	EUR	250,000		281,455
Sotera Health Holdings LLC
7.375%, due 06/01/31²		100,000		102,406
				1,589,547
Healthcare-services: 2.9%
Acadia Healthcare Co., Inc.
5.000%, due 04/15/29²		100,000		93,907
5.500%, due 07/01/28²		125,000		121,269
AHP Health Partners, Inc.
5.750%, due 07/15/29²		100,000		96,926
Catalent Pharma Solutions, Inc.
2.375%, due 03/01/28³	EUR	175,000		185,784
3.125%, due 02/15/29²		50,000		48,542
Charles River Laboratories International, Inc.
4.000%, due 03/15/31²		82,000		73,289

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face amount¹		Value
Corporate bonds—(continued)
Healthcare-services—(continued)
CHS/Community Health Systems, Inc.
4.750%, due 02/15/31²		250,000	$	208,492
5.250%, due 05/15/30²		125,000		109,092
5.625%, due 03/15/27²		175,000		170,671
6.000%, due 01/15/29²		75,000		70,630
6.125%, due 04/01/30²		150,000		117,447
6.875%, due 04/01/28²		23,000		19,084
6.875%, due 04/15/29²		250,000		211,138
8.000%, due 12/15/27²		250,000		249,591
10.875%, due 01/15/32²		300,000		321,514
Concentra Escrow Issuer Corp.
6.875%, due 07/15/32²		100,000		102,618
DaVita, Inc.
4.625%, due 06/01/30²		150,000		138,093
Encompass Health Corp.
4.750%, due 02/01/30		125,000		120,226
Fortrea Holdings, Inc.
7.500%, due 07/01/30²		25,000		24,584
IQVIA, Inc.
2.250%, due 03/15/29³	EUR	200,000		204,867
6.500%, due 05/15/30²		200,000		205,446
LifePoint Health, Inc.
5.375%, due 01/15/29²		100,000		91,500
10.000%, due 06/01/32²		125,000		133,370
11.000%, due 10/15/30²		75,000		83,603
ModivCare, Inc.
5.000%, due 10/01/29²		75,000		51,065

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face amount¹		Value
Corporate bonds—(continued)
Healthcare-services—(continued)
Molina Healthcare, Inc.
3.875%, due 11/15/30²		75,000	$	67,912
3.875%, due 05/15/32²		75,000		66,488
4.375%, due 06/15/28²		150,000		143,919
MPH Acquisition Holdings LLC
5.500%, due 09/01/28²		200,000		135,877
Radiology Partners, Inc.
4.275% Cash and 3.500% PIK,
7.775%, due 01/31/29^2,8		90,625		89,266
Select Medical Corp.
6.250%, due 08/15/26²		125,000		125,262
Surgery Center Holdings, Inc.
7.250%, due 04/15/32²		75,000		77,010
Tenet Healthcare Corp.
4.250%, due 06/01/29		50,000		47,301
4.375%, due 01/15/30		75,000		70,315
5.125%, due 11/01/27		175,000		173,521
6.125%, due 10/01/28		450,000		449,572
6.125%, due 06/15/30		275,000		276,287
6.250%, due 02/01/27		50,000		50,038
6.750%, due 05/15/31		250,000		255,574
U.S. Acute Care Solutions LLC
9.750%, due 05/15/29²		75,000		76,498
				5,357,588
Holding companies-divers: 0.1%
ProGroup AG
5.375%, due 04/15/31²	EUR	100,000		104,924

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face amount¹		Value
Corporate bonds—(continued)
Home builders: 1.5%
Adams Homes, Inc.
9.250%, due 10/15/28²		175,000	$	183,090
Ashton Woods USA LLC/Ashton Woods Finance Co.
4.625%, due 08/01/29²		75,000		70,100
4.625%, due 04/01/30²		150,000		138,145
6.625%, due 01/15/28²		100,000		99,978
Beazer Homes USA, Inc.
5.875%, due 10/15/27		50,000		49,748
7.250%, due 10/15/29		100,000		101,651
7.500%, due 03/15/31²		25,000		25,701
Brookfield Residential Properties, Inc./Brookfield Residential U.S. LLC
4.875%, due 02/15/30²		25,000		23,251
5.000%, due 06/15/29²		125,000		118,171
Century Communities, Inc.
3.875%, due 08/15/29²		75,000		68,220
Dream Finders Homes, Inc.
8.250%, due 08/15/28²		100,000		104,628
Empire Communities Corp.
9.750%, due 05/01/29²		75,000		78,362
Forestar Group, Inc.
3.850%, due 05/15/26²		100,000		97,462
5.000%, due 03/01/28²		125,000		119,617
Installed Building Products, Inc.
5.750%, due 02/01/28²		150,000		148,906

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face amount¹		Value
Corporate bonds—(continued)
Home builders—(continued)
KB Home
4.000%, due 06/15/31		125,000	$	113,001
6.875%, due 06/15/27		25,000		25,822
7.250%, due 07/15/30		75,000		77,690
LGI Homes, Inc.
4.000%, due 07/15/29²		25,000		22,381
8.750%, due 12/15/28²		100,000		105,349
Maison Finco PLC
6.000%, due 10/31/27³	GBP	100,000		124,553
Mattamy Group Corp.
4.625%, due 03/01/30²		125,000		116,730
Miller Homes Group Finco PLC
7.000%, due 05/15/29³	GBP	100,000		126,250
Shea Homes LP/Shea Homes Funding Corp.
4.750%, due 02/15/28		100,000		95,398
4.750%, due 04/01/29		125,000		118,552
STL Holding Co. LLC
8.750%, due 02/15/29²		75,000		79,659
Thor Industries, Inc.
4.000%, due 10/15/29²		75,000		68,451
Tri Pointe Homes, Inc.
5.700%, due 06/15/28		75,000		74,524
Winnebago Industries, Inc.
6.250%, due 07/15/28²		100,000		99,404
				2,674,794
Home furnishings: 0.2%
Arcelik AS
8.500%, due 09/25/28³		200,000		209,200

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face amount¹		Value
Corporate bonds—(continued)
Home furnishings—(continued)
Tempur Sealy International, Inc.
4.000%, due 04/15/29²		125,000	$	115,179
				324,379
Household products: 0.1%
Edgewell Personal Care Co.
4.125%, due 04/01/29²		175,000		163,380
5.500%, due 06/01/28²		75,000		73,895
Perrigo Finance Unlimited Co.
6.125%, due 09/30/32		25,000		24,687
				261,962
Household products/wares: 0.1%
Central Garden & Pet Co.
4.125%, due 04/30/31²		100,000		89,727

Housewares: 0.4%
Newell Brands, Inc.
5.700%, due 04/01/26		200,000		200,447
6.375%, due 09/15/27		75,000		75,798
6.625%, due 09/15/29		50,000		50,697
6.875%, due 04/01/36		125,000		124,392
7.000%, due 04/01/46		50,000		46,401
Scotts Miracle-Gro Co.
4.000%, due 04/01/31		125,000		111,904
4.375%, due 02/01/32		50,000		45,240
				654,879
Insurance: 0.7%
Acrisure LLC/Acrisure Finance, Inc.
6.000%, due 08/01/29²		275,000		260,240
8.250%, due 02/01/29²		100,000		101,628
8.500%, due 06/15/29²		25,000		25,689

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face amount¹		Value
Corporate bonds—(continued)
Insurance—(continued)
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer
7.375%, due 10/01/32²		50,000	$	49,566
AmWINS Group, Inc.
6.375%, due 02/15/29²		25,000		25,123
APH Somerset Investor 2 LLC/APH2 Somerset Investor 2 LLC/APH3 Somerset Inves
7.875%, due 11/01/29²		100,000		99,900
AssuredPartners, Inc.
5.625%, due 01/15/29²		100,000		94,622
Baldwin Insurance Group Holdings LLC/Baldwin Insurance Group Holdings Finance
7.125%, due 05/15/31²		75,000		76,493
FWD Group Holdings Ltd.
(fixed, converts to FRN on 06/15/27),
8.045%, due 12/15/24^3,6,9		300,000		300,099
HUB International Ltd.
5.625%, due 12/01/29²		25,000		24,209
7.250%, due 06/15/30²		150,000		155,014
Ryan Specialty LLC
5.875%, due 08/01/32²		50,000		49,833
				1,262,416
Internet: 0.8%
Cogent Communications Group LLC
7.000%, due 06/15/27²		125,000		126,326

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face amount¹		Value
Corporate bonds—(continued)
Internet—(continued)
Cogent Communications Group, Inc./Cogent Communications Finance, Inc.
7.000%, due 06/15/27²		50,000	$	50,279
Gen Digital, Inc.
6.750%, due 09/30/27²		50,000		50,859
7.125%, due 09/30/30²		150,000		155,237
Go Daddy Operating Co. LLC/GD Finance Co., Inc.
5.250%, due 12/01/27²		175,000		172,956
iliad SA
5.375%, due 05/02/31³	EUR	300,000		340,864
Match Group Holdings II LLC
4.125%, due 08/01/30²		75,000		68,197
Millennium Escrow Corp.
6.625%, due 08/01/26²		75,000		48,243
United Group BV
4.000%, due 11/15/27³	EUR	100,000		107,153
6.500%, due 10/31/31²		175,000		190,737
Wayfair LLC
7.250%, due 10/31/29²		50,000		50,596
Ziff Davis, Inc.
4.625%, due 10/15/30²		69,000		63,139
				1,424,586
Investment companies: 0.7%
Compass Group Diversified Holdings LLC
5.000%, due 01/15/32²		75,000		68,863
5.250%, due 04/15/29²		125,000		120,181

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face amount¹		Value
Corporate bonds—(continued)
Investment companies—(continued)
Huarong Finance 2019 Co. Ltd.
(fixed, converts to FRN on 09/30/25),
4.250%, due 09/30/25^3,6,9		250,000	$	246,108
Icahn Enterprises LP/Icahn Enterprises Finance Corp.
4.375%, due 02/01/29		50,000		41,710
5.250%, due 05/15/27		125,000		116,451
6.250%, due 05/15/26		225,000		221,149
9.000%, due 06/15/30		50,000		48,288
9.750%, due 01/15/29		75,000		74,944
Linx Capital Ltd.
15.200%, due 04/01/25^2,8	EUR	455,357		411,111
				1,348,805
Iron & steel: 1.3%
Algoma Steel, Inc.
9.125%, due 04/15/29²		50,000		51,165
ATI, Inc.
4.875%, due 10/01/29		75,000		71,040
5.125%, due 10/01/31		100,000		94,407
7.250%, due 08/15/30		50,000		51,815
Baffinland Iron Mines Corp./Baffinland Iron Mines LP
8.750%, due 07/15/26²		175,000		158,408
Big River Steel LLC/BRS Finance Corp.
6.625%, due 01/31/29²		140,000		141,335
Carpenter Technology Corp.
6.375%, due 07/15/28		200,000		200,155

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face amount¹		Value
Corporate bonds—(continued)
Iron & steel—(continued)
Cleveland-Cliffs, Inc.
4.875%, due 03/01/31²		50,000	$	46,138
5.875%, due 06/01/27		225,000		224,854
7.000%, due 03/15/32²		25,000		25,028
Commercial Metals Co.
4.125%, due 01/15/30		50,000		46,399
4.375%, due 03/15/32		50,000		45,998
Infrabuild Australia Pty. Ltd.
14.500%, due 11/15/28²		50,000		49,194
Metinvest BV
7.750%, due 10/17/29³		200,000		127,000
Mineral Resources Ltd.
8.000%, due 11/01/27²		100,000		102,540
8.125%, due 05/01/27²		148,000		149,054
9.250%, due 10/01/28²		50,000		52,639
Samarco Mineracao SA
9.000% PIK,
9.000%, due 06/30/31^3,8		675,490		638,899
TMS International Corp.
6.250%, due 04/15/29²		25,000		24,187
				2,300,255
IT services: 0.1%
Almaviva-The Italian Innovation Co. SpA
5.000%, due 10/30/30²	EUR	100,000		108,688

Leisure time: 3.7%
Acushnet Co.
7.375%, due 10/15/28²		25,000		26,070

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face amount¹		Value
Corporate bonds—(continued)
Leisure time—(continued)
Carnival Corp.
5.750%, due 03/01/27²		700,000	$	702,097
5.750%, due 01/15/30²	EUR	175,000		202,080
5.750%, due 01/15/30³		100,000		115,813
6.000%, due 05/01/29²		350,000		350,573
6.650%, due 01/15/28		100,000		101,907
7.625%, due 03/01/26²		425,000		427,972
10.500%, due 06/01/30²		25,000		26,973
Carnival PLC
1.000%, due 10/28/29	EUR	275,000		258,793
Codere New Holdco SA
3.000%, due 11/30/27^3,4,5,8,11		125,662		205
Deuce Finco PLC
5.500%, due 06/15/27²	GBP	125,000		157,595
Life Time, Inc.
5.750%, due 01/15/26²		275,000		274,849
6.000%, due 11/15/31^2,7		225,000		224,045
8.000%, due 04/15/26²		425,000		427,086
Lindblad Expeditions LLC
6.750%, due 02/15/27²		50,000		50,236
MajorDrive Holdings IV LLC
6.375%, due 06/01/29²		125,000		119,855
NCL Corp. Ltd.
5.875%, due 03/15/26²		400,000		399,562
5.875%, due 02/15/27²		50,000		49,948
7.750%, due 02/15/29²		100,000		106,078
8.125%, due 01/15/29²		25,000		26,504

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face amount¹		Value
Corporate bonds—(continued)
Leisure time—(continued)
NCL Finance Ltd.
6.125%, due 03/15/28²		100,000	$	100,612
Pinnacle Bidco PLC
8.250%, due 10/11/28³	EUR	100,000		115,642
10.000%, due 10/11/28³	GBP	200,000		275,080
Royal Caribbean Cruises Ltd.
5.375%, due 07/15/27²		500,000		499,083
5.500%, due 08/31/26²		75,000		75,084
5.625%, due 09/30/31²		125,000		124,489
6.000%, due 02/01/33²		100,000		100,614
6.250%, due 03/15/32²		25,000		25,488
7.500%, due 10/15/27		100,000		105,987
TUI AG
5.875%, due 03/15/29²	EUR	100,000		113,543
5.875%, due 03/15/29³		200,000		227,085
TUI Cruises GmbH
6.250%, due 04/15/29²		100,000		113,968
6.250%, due 04/15/29³		100,000		113,968
Viking Cruises Ltd.
5.875%, due 09/15/27²		375,000		372,574
6.250%, due 05/15/25²		75,000		74,988
7.000%, due 02/15/29²		100,000		100,782
Viking Ocean Cruises Ship VII Ltd.
5.625%, due 02/15/29²		75,000		73,963
VOC Escrow Ltd.
5.000%, due 02/15/28²		150,000		145,817
				6,807,008

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face amount¹		Value
Corporate bonds—(continued)
Lodging: 2.2%
Boyd Gaming Corp.
4.750%, due 12/01/27		25,000	$	24,530
4.750%, due 06/15/31²		250,000		233,322
Fortune Star BVI Ltd.
3.950%, due 10/02/26³	EUR	100,000		101,882
Full House Resorts, Inc.
8.250%, due 02/15/28²		100,000		99,819
Hilton Domestic Operating Co., Inc.
4.000%, due 05/01/31²		325,000		296,047
4.875%, due 01/15/30		50,000		48,447
5.750%, due 05/01/28²		125,000		125,287
5.875%, due 03/15/33²		75,000		75,157
6.125%, due 04/01/32²		75,000		75,749
Hilton Grand Vacations Borrower Escrow LLC/Hilton Grand Vacations Borrower Escrow, Inc.
4.875%, due 07/01/31²		200,000		178,726
5.000%, due 06/01/29²		200,000		187,174
Melco Resorts Finance Ltd.
5.250%, due 04/26/26²		300,000		293,619
MGM Resorts International
4.750%, due 10/15/28		100,000		96,666
5.500%, due 04/15/27		75,000		74,840
6.500%, due 04/15/32		100,000		100,010
Motel One GmbH/Muenchen
7.750%, due 04/02/31³	EUR	150,000		173,177
Sani/Ikos Financial Holdings 1 SARL
7.250%, due 07/31/30²		100,000		113,289

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face amount¹		Value
Corporate bonds—(continued)
Lodging—(continued)
Station Casinos LLC
4.500%, due 02/15/28²		25,000	$	23,861
4.625%, due 12/01/31²		50,000		45,434
Studio City Finance Ltd.
5.000%, due 01/15/29²		200,000		180,258
5.000%, due 01/15/29³		250,000		225,323
Travel & Leisure Co.
4.625%, due 03/01/30²		75,000		69,923
6.625%, due 07/31/26²		100,000		100,845
TVL Finance PLC
10.250%, due 04/28/28²	GBP	200,000		268,302
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.
5.250%, due 05/15/27²		150,000		148,879
Wynn Macau Ltd.
5.500%, due 01/15/26³		300,000		296,520
5.500%, due 10/01/27³		400,000		386,750
				4,043,836
Machinery-construction & mining: 0.2%
BWX Technologies, Inc.
4.125%, due 04/15/29²		75,000		71,047
Manitowoc Co., Inc.
9.250%, due 10/01/31²		50,000		50,770
Terex Corp.
5.000%, due 05/15/29²		150,000		144,185
Vertiv Group Corp.
4.125%, due 11/15/28²		50,000		47,583
				313,585
Machinery-diversified: 0.8%
ATS Corp.
4.125%, due 12/15/28²		25,000		23,437

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face amount¹		Value
Corporate bonds—(continued)
Machinery-diversified—(continued)
Chart Industries, Inc.
7.500%, due 01/01/30²		125,000	$	130,010
9.500%, due 01/01/31²		125,000		134,380
Galapagos SA
5.375%, due 06/15/21^3,12	EUR	27,500		150
GrafTech Global Enterprises, Inc.
9.875%, due 12/15/28²		75,000		62,903
Husky Injection Molding Systems Ltd./Titan Co-Borrower LLC
9.000%, due 02/15/29²		75,000		77,164
Mangrove Luxco III SARL
3 mo. EURIBOR + 5.000%,
8.179%, due 07/15/29^2,6	EUR	125,000		137,396
Omnia Della Toffola SpA
3 mo. EURIBOR + 4.250%,
7.353%, due 11/05/31^2,6,7		125,000		133,973
OT Merger Corp.
7.875%, due 10/15/29²		50,000		21,750
Selecta Group BV
3.500% Cash or 4.500% PIK,
8.000%, due 04/01/26^2,8	EUR	207,887		224,518
10.000%, due 07/01/26^2,8		93,367		91,455
9.250% Cash or 10.000% PIK,
10.000%, due 07/01/26^3,8		77,583		75,994
TK Elevator Holdco GmbH
6.625%, due 07/15/28³		90,000		97,907

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face amount¹		Value
Corporate bonds—(continued)
Machinery-diversified—(continued)
TK Elevator Midco GmbH
4.375%, due 07/15/27³		300,000	$	324,080
				1,535,117
Media: 5.0%
Altice Financing SA
2.250%, due 01/15/25³		100,000		107,687
3.000%, due 01/15/28³		275,000		250,896
4.250%, due 08/15/29³		275,000		247,157
5.000%, due 01/15/28²		200,000		169,129
AMC Networks, Inc.
4.250%, due 02/15/29		200,000		138,040
10.250%, due 01/15/29²		25,000		25,750
Audacy Capital LLC
6.750%, due 03/31/29^2,12		75,000		2,063
CCO Holdings LLC/CCO Holdings Capital Corp.
4.250%, due 02/01/31²		225,000		195,252
4.250%, due 01/15/34²		475,000		379,482
4.500%, due 06/01/33²		725,000		602,906
4.750%, due 03/01/30²		175,000		159,192
4.750%, due 02/01/32²		625,000		540,344
5.000%, due 02/01/28²		150,000		145,179
5.375%, due 06/01/29²		25,000		23,864
6.375%, due 09/01/29²		200,000		198,025
7.375%, due 03/01/31²		100,000		101,695

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Media—(continued)
CSC Holdings LLC
4.500%, due 11/15/31²	$	400,000	$	293,224
5.000%, due 11/15/31²		200,000		97,749
11.250%, due 05/15/28²		400,000		390,008
11.750%, due 01/31/29²		200,000		195,108
Directv Financing LLC/Directv Financing Co-Obligor, Inc.
5.875%, due 08/15/27²		250,000		240,707
DISH DBS Corp.
5.125%, due 06/01/29		125,000		83,153
5.250%, due 12/01/26²		75,000		69,417
5.750%, due 12/01/28²		150,000		131,057
7.375%, due 07/01/28		175,000		128,216
7.750%, due 07/01/26		100,000		84,589
DISH Network Corp.
11.750%, due 11/15/27²		250,000		263,155
Gray Television, Inc.
4.750%, due 10/15/30²		150,000		94,315
5.375%, due 11/15/31²		125,000		75,377
7.000%, due 05/15/27²		25,000		24,324
iHeartCommunications, Inc.
4.750%, due 01/15/28²		50,000		30,674
5.250%, due 08/15/27²		150,000		100,892
6.375%, due 05/01/26		30,291		25,630
8.375%, due 05/01/27		75,000		38,886
Liberty Interactive LLC
8.250%, due 02/01/30		50,000		25,616

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Media—(continued)
McGraw-Hill Education, Inc.
8.000%, due 08/01/29²		125,000	$	125,822
Midcontinent Communications
8.000%, due 08/15/32²		50,000		50,892
News Corp.
3.875%, due 05/15/29²		200,000		186,121
5.125%, due 02/15/32²		200,000		191,658
Nexstar Media, Inc.
4.750%, due 11/01/28²		25,000		23,503
Scripps Escrow II, Inc.
5.375%, due 01/15/31²		75,000		45,055
Scripps Escrow, Inc.
5.875%, due 07/15/27²		25,000		21,972
Sinclair Television Group, Inc.
4.125%, due 12/01/30²		100,000		76,625
5.125%, due 02/15/27²		100,000		88,668
Sirius XM Radio, Inc.
3.875%, due 09/01/31²		350,000		300,767
4.000%, due 07/15/28²		125,000		116,784
5.000%, due 08/01/27²		50,000		48,998
5.500%, due 07/01/29²		150,000		145,514
Sunrise FinCo I BV
4.875%, due 07/15/31²		400,000		366,000
TEGNA, Inc.
4.625%, due 03/15/28		25,000		23,475
5.000%, due 09/15/29		25,000		23,339
Univision Communications, Inc.
4.500%, due 05/01/29²		475,000		421,690
7.375%, due 06/30/30²		125,000		120,006
8.000%, due 08/15/28²		25,000		25,406

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Media—(continued)
UPCB Finance VII Ltd.,³
3.625%, due 06/15/29	EUR	225,000	$	239,215
Virgin Media Finance PLC
5.000%, due 07/15/30²		200,000		171,931
Virgin Media Secured Finance PLC
4.125%, due 08/15/30³	GBP	200,000		221,786
Virgin Media Vendor Financing Notes III DAC
4.875%, due 07/15/28³		100,000		120,241
VZ Vendor Financing II BV
2.875%, due 01/15/29²	EUR	200,000		199,507
Ziggo Bond Co. BV
6.000%, due 01/15/27²		200,000		199,536
				9,233,269
Metal fabricate/hardware: 0.1%
Park-Ohio Industries, Inc.
6.625%, due 04/15/27		175,000		170,733
Roller Bearing Co. of America, Inc.
4.375%, due 10/15/29²		75,000		70,469
				241,202
Mining: 2.0%
Aris Mining Corp.
8.000%, due 10/31/29²		200,000		200,737
Arsenal AIC Parent LLC
8.000%, due 10/01/30²		150,000		157,668
11.500%, due 10/01/31²		50,000		55,637
Coeur Mining, Inc.
5.125%, due 02/15/29²		100,000		95,349

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Mining—(continued)
Constellium SE
3.125%, due 07/15/29²	EUR	275,000	$	281,243
3.125%, due 07/15/29³		100,000		102,270
5.375%, due 08/15/32²		175,000		188,929
First Quantum Minerals Ltd.
6.875%, due 10/15/27³		500,000		494,195
8.625%, due 06/01/31²		200,000		201,500
FMG Resources August 2006 Pty. Ltd.
4.375%, due 04/01/31²		275,000		250,348
5.875%, due 04/15/30²		150,000		149,282
6.125%, due 04/15/32²		150,000		150,495
Freeport-McMoRan, Inc.
5.450%, due 03/15/43		50,000		47,985
Hudbay Minerals, Inc.
4.500%, due 04/01/26²		75,000		74,064
IAMGOLD Corp.
5.750%, due 10/15/28²		50,000		48,628
Kaiser Aluminum Corp.
4.625%, due 03/01/28²		125,000		119,093
Novelis Corp.
3.250%, due 11/15/26²		100,000		96,212
3.875%, due 08/15/31²		25,000		21,955
4.750%, due 01/30/30²		25,000		23,422
Novelis Sheet Ingot GmbH
3.375%, due 04/15/29³	EUR	100,000		103,787
Taseko Mines Ltd.
8.250%, due 05/01/30²		50,000		51,667

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Mining—(continued)
Vedanta Resources Ltd.
13.875%, due 12/09/28³		376,000	$	383,520
WE Soda Investments Holding PLC
9.500%, due 10/06/28³		300,000		309,937
				3,607,923
Miscellaneous manufacturers: 0.4%
Amsted Industries, Inc.
4.625%, due 05/15/30²		25,000		23,320
CTEC II GmbH
5.250%, due 02/15/30³	EUR	200,000		200,777
FXI Holdings, Inc.
12.250%, due 11/15/26²		234,000		232,755
12.250%, due 11/15/26²		94,000		93,100
LSB Industries, Inc.
6.250%, due 10/15/28²		25,000		24,186
Trinity Industries, Inc.
7.750%, due 07/15/28²		150,000		155,088
				729,226
Office & business equipment: 0.1%
Xerox Holdings Corp.
5.000%, due 08/15/25²		51,000		50,026
8.875%, due 11/30/29²		25,000		21,762
Zebra Technologies Corp.
6.500%, due 06/01/32²		50,000		51,156
				122,944
Oil & gas: 9.4%
Aethon United BR LP/Aethon United Finance Corp.
7.500%, due 10/01/29²		100,000		100,693

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Oil & gas—(continued)
Antero Resources Corp.
7.625%, due 02/01/29²		49,000	$	50,251
Ascent Resources Utica Holdings LLC/ARU Finance Corp.
6.625%, due 10/15/32²		50,000		49,526
8.250%, due 12/31/28²		25,000		25,509
9.000%, due 11/01/27²		150,000		178,030
Baytex Energy Corp.
8.500%, due 04/30/30²		150,000		152,628
California Resources Corp.
8.250%, due 06/15/29²		100,000		100,993
Chord Energy Corp.
6.375%, due 06/01/26²		75,000		75,161
CITGO Petroleum Corp.
7.000%, due 06/15/25²		150,000		150,046
8.375%, due 01/15/29²		250,000		260,054
Civitas Resources, Inc.
5.000%, due 10/15/26²		175,000		171,875
8.375%, due 07/01/28²		25,000		25,837
8.625%, due 11/01/30²		50,000		52,528
CNX Resources Corp.
6.000%, due 01/15/29²		125,000		123,937
7.250%, due 03/01/32²		25,000		25,760
7.375%, due 01/15/31²		25,000		25,698
Comstock Resources, Inc.
5.875%, due 01/15/30²		100,000		91,366
6.750%, due 03/01/29²		100,000		95,767
Cosan Overseas Ltd.
8.250%, due 02/05/25^3,9		300,000		303,810

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Oil & gas—(continued)
Crescent Energy Finance LLC
7.375%, due 01/15/33²		75,000	$	72,748
7.625%, due 04/01/32²		25,000		24,684
9.250%, due 02/15/28²		75,000		78,703
Ecopetrol SA
4.625%, due 11/02/31		450,000		370,800
5.875%, due 05/28/45		500,000		351,250
8.375%, due 01/19/36		200,000		194,900
8.625%, due 01/19/29		200,000		211,420
Encino Acquisition Partners Holdings LLC
8.750%, due 05/01/31²		25,000		25,662
Energean Israel Finance Ltd.
4.875%, due 03/30/26³		300,000		290,814
5.875%, due 03/30/31³		75,000		63,818
Expand Energy Corp.
5.500%, due 02/01/26²		50,000		49,912
6.750%, due 04/15/29²		250,000		252,730
8.375%, due 09/15/28		125,000		128,590
FORESEA Holding SA
7.500%, due 06/15/30³		200,000		190,989
Global Marine, Inc.
7.000%, due 06/01/28		150,000		141,329
Gran Tierra Energy, Inc.
9.500%, due 10/15/29³		200,000		184,000
Gulfport Energy Operating Corp.
6.750%, due 09/01/29²		25,000		25,129

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Oil & gas—(continued)
Hilcorp Energy I LP/Hilcorp Finance Co.
6.000%, due 04/15/30²		100,000	$	95,381
6.000%, due 02/01/31²		175,000		165,455
6.250%, due 11/01/28²		75,000		73,176
6.875%, due 05/15/34²		25,000		23,930
7.250%, due 02/15/35²		100,000		98,096
Kraken Oil & Gas Partners LLC
7.625%, due 08/15/29²		75,000		74,098
Leviathan Bond Ltd.
6.125%, due 06/30/25³		75,000		74,039
Magnolia Oil & Gas Operating LLC/Magnolia Oil & Gas Finance Corp.
6.000%, due 08/01/26²		175,000		174,666
Matador Resources Co.
6.250%, due 04/15/33²		125,000		122,329
6.500%, due 04/15/32²		25,000		24,759
6.875%, due 04/15/28²		75,000		76,356
MC Brazil Downstream Trading SARL
7.250%, due 06/30/31³		233,949		197,043
Medco Laurel Tree Pte. Ltd.
6.950%, due 11/12/28²		400,000		397,796
MEG Energy Corp.
5.875%, due 02/01/29²		75,000		73,529
Moss Creek Resources Holdings, Inc.
8.250%, due 09/01/31²		25,000		24,495

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Oil & gas—(continued)
Murphy Oil Corp.
6.000%, due 10/01/32		25,000	$	24,063
Nabors Industries Ltd.
7.500%, due 01/15/28²		100,000		95,132
Nabors Industries, Inc.
8.875%, due 08/15/31²		75,000		70,907
NewCo Holding USD 20 SARL
9.375%, due 11/07/29^2,7		200,000		199,500
Noble Finance II LLC
8.000%, due 04/15/30²		100,000		101,364
Northern Oil & Gas, Inc.
8.125%, due 03/01/28²		200,000		201,941
8.750%, due 06/15/31²		100,000		103,460
Parkland Corp.
4.500%, due 10/01/29²		250,000		232,247
4.625%, due 05/01/30²		100,000		91,913
5.875%, due 07/15/27²		100,000		98,955
PBF Holding Co. LLC/PBF Finance Corp.
6.000%, due 02/15/28		275,000		266,912
7.875%, due 09/15/30²		100,000		99,829
Permian Resources Operating LLC
5.375%, due 01/15/26²		200,000		199,035
7.000%, due 01/15/32²		200,000		204,019
8.000%, due 04/15/27²		100,000		102,775
Petrobras Global Finance BV
6.500%, due 07/03/33		200,000		203,522
6.850%, due 06/05/15		400,000		370,800

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Oil & gas—(continued)
Petroleos Mexicanos
2.750%, due 04/21/27³	EUR	475,000	$	476,638
4.750%, due 02/26/29³		275,000		276,098
5.950%, due 01/28/31		720,000		619,200
6.500%, due 03/13/27		675,000		660,751
6.500%, due 06/02/41		1,250,000		925,437
6.625%, due 11/30/24^3,9		100,000		66,360
6.625%, due 06/15/35		350,000		285,512
6.700%, due 02/16/32		700,000		621,033
6.750%, due 09/21/47		479,000		341,743
6.950%, due 01/28/60		250,000		178,125
7.690%, due 01/23/50		1,000,000		776,900
10.000%, due 02/07/33		100,000		105,540
Precision Drilling Corp.
6.875%, due 01/15/29²		100,000		99,494
7.125%, due 01/15/26²		40,000		39,942
Puma International Financing SA
7.750%, due 04/25/29³		200,000		204,986
Range Resources Corp.
8.250%, due 01/15/29		125,000		128,787
Sanchez Energy Corp.
6.125%, due 01/15/23		325,000		4,875
7.750%, due 06/15/21¹²		475,000		7,125
Saturn Oil & Gas, Inc.
9.625%, due 06/15/29²		47,000		46,414
SM Energy Co.
6.750%, due 09/15/26		100,000		100,210
6.750%, due 08/01/29²		75,000		74,538

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Oil & gas—(continued)
Sunoco LP/Sunoco Finance Corp.
4.500%, due 04/30/30		25,000	$	23,462
6.000%, due 04/15/27		150,000		150,157
7.000%, due 09/15/28²		75,000		77,084
Talos Production, Inc.
9.000%, due 02/01/29²		75,000		77,245
9.375%, due 02/01/31²		125,000		128,700
Teine Energy Ltd.
6.875%, due 04/15/29²		125,000		122,943
TGNR Intermediate Holdings LLC
5.500%, due 10/15/29²		25,000		23,602
Transocean Aquila Ltd.
8.000%, due 09/30/28²		45,385		46,585
Transocean Titan Financing Ltd.
8.375%, due 02/01/28²		50,000		51,445
Transocean, Inc.
6.800%, due 03/15/38		250,000		207,420
7.500%, due 04/15/31		125,000		116,617
8.000%, due 02/01/27²		86,000		85,751
8.250%, due 05/15/29²		75,000		75,346
8.500%, due 05/15/31²		25,000		25,192
8.750%, due 02/15/30²		3,187		3,303
9.350%, due 12/15/41		125,000		112,892
Trident Energy Finance PLC
12.500%, due 11/30/29²		300,000		315,187
Valaris Ltd.
8.375%, due 04/30/30²		25,000		25,365

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Oil & gas—(continued)
Vermilion Energy, Inc.
6.875%, due 05/01/30²		125,000	$	123,524
Viper Energy, Inc.
5.375%, due 11/01/27²		75,000		74,148
Vital Energy, Inc.
7.750%, due 07/31/29²		100,000		98,127
7.875%, due 04/15/32²		20,000		19,220
9.750%, due 10/15/30		75,000		79,133
Wildfire Intermediate Holdings LLC
7.500%, due 10/15/29²		50,000		48,493
YPF SA
6.950%, due 07/21/27³		69,000		67,461
8.500%, due 03/23/25³		25,000		24,986
				17,321,565
Oil & gas services: 1.1%
Archrock Partners LP/Archrock Partners Finance Corp.
6.250%, due 04/01/28²		175,000		175,324
6.875%, due 04/01/27²		27,000		27,081
Bristow Group, Inc.
6.875%, due 03/01/28²		100,000		99,310
Enerflex Ltd.
9.000%, due 10/15/27²		90,000		93,425
Helix Energy Solutions Group, Inc.
9.750%, due 03/01/29²		125,000		133,318
Kodiak Gas Services LLC
7.250%, due 02/15/29²		50,000		51,396
Nine Energy Service, Inc.
13.000%, due 02/01/28		150,000		98,250

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Oil & gas services—(continued)
Oceaneering International, Inc.
6.000%, due 02/01/28		25,000	$	24,563
OHI Group SA
13.000%, due 07/22/29²		200,000		197,000
Star Holding LLC
8.750%, due 08/01/31²		50,000		47,550
USA Compression Partners LP/USA Compression Finance Corp.
6.875%, due 09/01/27		75,000		75,357
7.125%, due 03/15/29²		125,000		127,312
Weatherford International Ltd.
8.625%, due 04/30/30²		525,000		542,693
Yinson Boronia Production BV
8.947%, due 07/31/42²		300,000		317,370
				2,009,949
Packaging & containers: 2.1%
ARD Finance SA
5.000% Cash or 5.750% PIK,
5.000%, due 06/30/27^3,8	EUR	175,000		36,986
6.500% Cash or 7.250% PIK,
6.500%, due 06/30/27^2,8		400,000		84,500
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC
2.000%, due 09/01/28³	EUR	300,000		297,413
6.000%, due 06/15/27²		200,000		199,434
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.
2.125%, due 08/15/26³	EUR	100,000		91,942
5.250%, due 08/15/27²		200,000		120,000

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Packaging & containers—(continued)
Ball Corp.
3.125%, due 09/15/31		125,000	$	108,028
6.875%, due 03/15/28		125,000		128,488
Berry Global, Inc.
4.500%, due 02/15/26²		50,000		49,329
5.625%, due 07/15/27²		75,000		74,874
Clydesdale Acquisition Holdings, Inc.
6.625%, due 04/15/29²		25,000		25,118
Crown Americas LLC/Crown Americas Capital Corp. VI
4.750%, due 02/01/26		50,000		49,633
Crown Cork & Seal Co., Inc.
7.375%, due 12/15/26		100,000		103,842
Crown European Holdings SACA
4.500%, due 01/15/30²	EUR	100,000		111,554
4.500%, due 01/15/30³		200,000		223,108
Fiber Bidco SpA
6.125%, due 06/15/31²		200,000		217,550
Graphic Packaging International LLC
2.625%, due 02/01/29³		225,000		231,194
4.750%, due 07/15/27²		25,000		24,508
6.375%, due 07/15/32²		25,000		25,223
Guala Closures SpA
3.250%, due 06/15/28³	EUR	250,000		255,956
Kleopatra Holdings 2 SCA
6.500%, due 09/01/26³		125,000		105,805
LABL, Inc.
10.500%, due 07/15/27²		50,000		49,500

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Packaging & containers—(continued)
Mauser Packaging Solutions Holding Co.
9.250%, due 04/15/27²		75,000	$	76,700
OI European Group BV
4.750%, due 02/15/30²		225,000		203,839
5.250%, due 06/01/29²	EUR	100,000		109,395
5.250%, due 06/01/29³		100,000		109,395
Owens-Brockway Glass Container, Inc.
6.625%, due 05/13/27²		163,000		162,194
7.250%, due 05/15/31²		100,000		98,352
7.375%, due 06/01/32²		25,000		24,460
Sealed Air Corp.
4.000%, due 12/01/27²		51,000		48,813
5.000%, due 04/15/29²		75,000		72,448
6.500%, due 07/15/32²		50,000		50,751
Sealed Air Corp./Sealed Air Corp. U.S.
6.125%, due 02/01/28²		25,000		25,266
7.250%, due 02/15/31²		50,000		51,911
Trident TPI Holdings, Inc.
12.750%, due 12/31/28²		25,000		27,431
TriMas Corp.
4.125%, due 04/15/29²		150,000		139,975
				3,814,915
Pharmaceuticals: 2.1%
Bausch Health Americas, Inc.
8.500%, due 01/31/27²		25,000		20,063
9.250%, due 04/01/26²		25,000		24,197

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Pharmaceuticals—(continued)
Bausch Health Cos., Inc.
5.000%, due 01/30/28²		75,000	$	48,000
5.250%, due 01/30/30²		125,000		68,762
5.250%, due 02/15/31²		125,000		67,500
5.500%, due 11/01/25²		125,000		122,672
5.750%, due 08/15/27²		50,000		41,267
6.125%, due 02/01/27²		150,000		135,397
7.000%, due 01/15/28²		75,000		50,437
7.250%, due 05/30/29²		150,000		94,500
9.000%, due 12/15/25²		75,000		73,540
BellRing Brands, Inc.
7.000%, due 03/15/30²		175,000		182,121
Endo Finance Holdings, Inc.
8.500%, due 04/15/31²		25,000		26,731
Endo Luxembourg Finance SARL
6.125%, due 04/01/29^2,4,5,7,11		125,000		0
Grifols SA
1.625%, due 02/15/25³	EUR	132,978		143,015
7.500%, due 05/01/30³		225,000		255,757
Gruenenthal GmbH
6.750%, due 05/15/30³		100,000		115,964
Herbalife Nutrition Ltd./HLF Financing, Inc.
7.875%, due 09/01/25²		62,000		61,757
HLF Financing SARL LLC/Herbalife International, Inc.
4.875%, due 06/01/29²		25,000		17,135

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Pharmaceuticals—(continued)
Mallinckrodt International Finance SA/Mallinckrodt CB LLC
14.750%, due 11/14/28²		24,504	$	26,766
Neopharmed Gentili SpA
7.125%, due 04/08/30³	EUR	175,000		199,451
Nidda Healthcare Holding GmbH
7.500%, due 08/21/26³		165,149		185,416
Organon & Co./Organon Foreign Debt Co-Issuer BV
4.125%, due 04/30/28²		200,000		189,502
5.125%, due 04/30/31²		200,000		182,401
Owens & Minor, Inc.
4.500%, due 03/31/29²		125,000		112,483
6.625%, due 04/01/30²		25,000		23,862
P&L Development LLC/PLD Finance Corp.
7.750%, due 11/15/25²		31,000		31,155
9.000% Cash or 3.500% PIK,
12.000%, due 05/15/29^2,8		98,982		99,617
Par Pharmaceutical, Inc.
7.500%, due 04/01/27^2,4,5,11		198,000		0
Prestige Brands, Inc.
3.750%, due 04/01/31²		25,000		22,285
5.125%, due 01/15/28²		100,000		97,918
Rossini SARL
6.750%, due 12/31/29²	EUR	100,000		114,343
6.750%, due 12/31/29³		100,000		114,343

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Pharmaceuticals—(continued)
Teva Pharmaceutical Finance Netherlands II BV
4.375%, due 05/09/30		200,000	$	215,947
7.375%, due 09/15/29		150,000		183,762
7.875%, due 09/15/31		300,000		388,327
Teva Pharmaceutical Finance Netherlands III BV
4.100%, due 10/01/46		200,000		140,136
				3,876,529
Pipelines: 3.9%
Antero Midstream Partners LP/Antero Midstream Finance Corp.
5.375%, due 06/15/29²		25,000		24,349
5.750%, due 03/01/27²		150,000		149,720
6.625%, due 02/01/32²		75,000		75,833
Blue Racer Midstream LLC/Blue Racer Finance Corp.
7.000%, due 07/15/29²		75,000		76,940
7.250%, due 07/15/32²		25,000		25,825
Buckeye Partners LP
5.850%, due 11/15/43		50,000		43,219
6.875%, due 07/01/29²		100,000		101,644
CQP Holdco LP/BIP-V Chinook Holdco LLC
5.500%, due 06/15/31²		250,000		237,899
Delek Logistics Partners LP/Delek Logistics Finance Corp.
7.125%, due 06/01/28²		100,000		99,064
8.625%, due 03/15/29²		225,000		230,859

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Pipelines—(continued)
DT Midstream, Inc.
4.125%, due 06/15/29²		25,000	$	23,476
4.375%, due 06/15/31²		75,000		68,994
Energy Transfer LP
(fixed, converts to FRN on 10/01/29),
7.125%, due 10/01/54⁶		75,000		75,797
(fixed, converts to FRN on 05/15/29),
8.000%, due 05/15/54⁶		25,000		26,490
EnLink Midstream Partners LP
5.050%, due 04/01/45		75,000		65,214
5.450%, due 06/01/47		125,000		114,079
5.600%, due 04/01/44		150,000		140,251
EQM Midstream Partners LP
4.500%, due 01/15/29²		225,000		216,593
4.750%, due 01/15/31²		300,000		285,185
5.500%, due 07/15/28		100,000		99,253
6.500%, due 07/01/27²		25,000		25,572
6.500%, due 07/15/48		75,000		75,476
7.500%, due 06/01/27²		75,000		76,684
7.500%, due 06/01/30²		75,000		80,656
Galaxy Pipeline Assets Bidco Ltd.
1.750%, due 09/30/27³		96,476		91,411
Genesis Energy LP/Genesis Energy Finance Corp.
7.750%, due 02/01/28		25,000		25,252
7.875%, due 05/15/32		100,000		99,930
8.000%, due 01/15/27		50,000		50,888
8.875%, due 04/15/30		50,000		51,503

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Pipelines—(continued)
Harvest Midstream I LP
7.500%, due 09/01/28²		200,000	$	202,319
7.500%, due 05/15/32²		75,000		76,791
Hess Midstream Operations LP
5.125%, due 06/15/28²		225,000		220,176
5.500%, due 10/15/30²		50,000		48,854
6.500%, due 06/01/29²		50,000		50,830
Howard Midstream Energy Partners LLC
7.375%, due 07/15/32²		150,000		153,034
8.875%, due 07/15/28²		100,000		105,506
ITT Holdings LLC
6.500%, due 08/01/29²		150,000		138,614
Kinetik Holdings LP
5.875%, due 06/15/30²		125,000		124,038
Martin Midstream Partners LP/Martin Midstream Finance Corp.
11.500%, due 02/15/28²		150,000		163,415
New Fortress Energy, Inc.
6.500%, due 09/30/26²		75,000		69,474
6.750%, due 09/15/25²		129,000		128,753
8.750%, due 03/15/29²		25,000		20,870
NGL Energy Operating LLC/NGL Energy Finance Corp.
8.125%, due 02/15/29²		225,000		226,453
8.375%, due 02/15/32²		125,000		125,980
Northriver Midstream Finance LP
6.750%, due 07/15/32²		125,000		128,280

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Pipelines—(continued)
NuStar Logistics LP
5.625%, due 04/28/27		25,000	$	24,806
6.375%, due 10/01/30		125,000		126,411
Plains All American Pipeline LP
Series B,
3 mo. USD Term SOFR + 4.372%,
9.490%, due 12/01/24^6,9		150,000		149,010
Prairie Acquiror LP
9.000%, due 08/01/29²		75,000		76,038
Rockies Express Pipeline LLC
3.600%, due 05/15/25²		25,000		24,656
4.800%, due 05/15/30²		50,000		46,241
4.950%, due 07/15/29²		25,000		23,484
6.875%, due 04/15/40²		100,000		94,813
7.500%, due 07/15/38²		25,000		25,377
South Bow Canadian Infrastructure Holdings Ltd.
(fixed, converts to FRN on 03/01/35),
7.500%, due 03/01/55^2,6		50,000		51,927
(fixed, converts to FRN on 03/01/30),
7.625%, due 03/01/55^2,6		75,000		77,227
Summit Midstream Holdings LLC
8.625%, due 10/31/29²		50,000		51,658
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.
6.000%, due 12/31/30²		125,000		117,314
6.000%, due 09/01/31²		100,000		92,761
7.375%, due 02/15/29²		75,000		75,247

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Pipelines—(continued)
Venture Global Calcasieu Pass LLC
3.875%, due 11/01/33²		150,000	$	130,322
4.125%, due 08/15/31²		25,000		22,786
6.250%, due 01/15/30²		100,000		102,216
Venture Global LNG, Inc.
8.125%, due 06/01/28²		300,000		311,335
8.375%, due 06/01/31²		150,000		155,803
(fixed, converts to FRN on 09/30/29),
9.000%, due 09/30/29^2,6,9		100,000		99,993
9.500%, due 02/01/29²		200,000		221,061
9.875%, due 02/01/32²		250,000		272,882
Western Midstream Operating LP
5.300%, due 03/01/48		75,000		65,181
				7,179,992
Real estate: 2.7%
Alpha Star Holding VIII Ltd.
8.375%, due 04/12/27³		200,000		206,750
Anywhere Real Estate Group LLC/Anywhere Co-Issuer Corp.
7.000%, due 04/15/30²		194,400		170,351
Anywhere Real Estate Group LLC/Realogy Co-Issuer Corp.
5.250%, due 04/15/30²		50,000		38,132
5.750%, due 01/15/29²		75,000		61,781
CPI Property Group SA
Steps Up to 4.000% on 01/22/2025,
2.750%, due 01/22/28³	GBP	100,000		116,489
7.000%, due 05/07/29³	EUR	250,000		289,580

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Real estate—(continued)
FEC Finance Ltd.
(fixed, converts to FRN on 10/18/29),
12.764%, due 12/18/24^3,6,9		300,000	$	300,410
Greystar Real Estate Partners LLC
7.750%, due 09/01/30²		75,000		78,584
Heimstaden Bostad AB
(fixed, converts to FRN on 05/01/27),
2.625%, due 02/01/27^3,6,9	EUR	300,000		288,112
Heimstaden Bostad Treasury BV
1.625%, due 10/13/31³		500,000		457,543
Howard Hughes Corp.
4.125%, due 02/01/29²		125,000		115,113
5.375%, due 08/01/28²		250,000		243,045
Kennedy-Wilson, Inc.
4.750%, due 02/01/30		50,000		44,724
MAF Global Securities Ltd.
(fixed, converts to FRN on 03/20/26),
6.375%, due 03/20/26^3,6,9		200,000		199,125
NEINOR HOMES SLU
5.875%, due 02/15/30⁷	EUR	100,000		108,449
Newmark Group, Inc.
7.500%, due 01/12/29		25,000		26,468
NWD Finance BVI Ltd.
6.250%, due 03/07/25^3,9		300,000		164,779
Pakuwon Jati Tbk. PT
4.875%, due 04/29/28³		200,000		194,000

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Real estate—(continued)
Peach Property Finance GmbH
4.375%, due 11/15/25³	EUR	300,000	$	300,284
PHM Group Holding OY
4.750%, due 06/18/26³		250,000		269,808
Pingan Real Estate Capital Ltd.
3.450%, due 07/29/26³		200,000		181,385
Ronshine China Holdings Ltd.,¹²
8.100%, due 06/09/23³		50,000		500
Samhallsbyggnadsbolaget i Norden AB
2.375%, due 09/04/26³	EUR	200,000		187,909
(fixed, converts to FRN on 03/14/26),
2.625%, due 12/14/25^3,6,9		200,000		91,480
SBB Treasury OYJ
1.125%, due 11/26/29³		150,000		116,049
Signa Development Finance SCS
5.500%, due 07/23/26³		100,000		16,860
5.500%, due 07/23/26^2,12		200,000		33,720
Vanke Real Estate Hong Kong Co. Ltd.
3.975%, due 11/09/27³		200,000		130,500
Vivion Investments SARL
8.000%, due 02/28/29^3,8	EUR	200,000		213,708
Yanlord Land HK Co. Ltd.
5.125%, due 05/20/26³		400,000		376,876
				5,022,514
Real estate investment trusts: 2.3%
Alexandrite Monnet U.K. Holdco PLC
10.500%, due 05/15/29³	EUR	100,000		117,869

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Real estate investment trusts—(continued)
Blackstone Mortgage Trust, Inc.
3.750%, due 01/15/27²		225,000	$	210,404
Diversified Healthcare Trust
9.750%, due 06/15/25		88,000		87,898
Emirates REIT Sukuk II Ltd.
11.000%, due 12/12/25³		131,090		131,300
Iron Mountain Information Management Services, Inc.
5.000%, due 07/15/32²		325,000		306,310
Iron Mountain, Inc.
4.500%, due 02/15/31²		200,000		185,707
4.875%, due 09/15/27²		125,000		122,855
4.875%, due 09/15/29²		75,000		72,229
5.000%, due 07/15/28²		50,000		48,724
5.250%, due 07/15/30²		250,000		241,716
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.
4.250%, due 02/01/27²		25,000		24,206
4.750%, due 06/15/29²		50,000		47,636
7.000%, due 07/15/31²		25,000		25,929

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Real estate investment trusts—(continued)
MPT Operating Partnership LP/MPT Finance Corp.
0.993%, due 10/15/26	EUR	100,000	$	92,176
3.375%, due 04/24/30	GBP	100,000		88,005
3.500%, due 03/15/31		250,000		177,037
4.625%, due 08/01/29		50,000		38,886
5.000%, due 10/15/27		175,000		154,444
5.250%, due 08/01/26		100,000		94,587
Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co-Issuer
4.875%, due 05/15/29²		125,000		119,062
5.875%, due 10/01/28²		50,000		49,479
7.000%, due 02/01/30²		50,000		51,219
Pebblebrook Hotel LP/PEB Finance Corp.
6.375%, due 10/15/29²		50,000		49,934
RHP Hotel Properties LP/RHP Finance Corp.
4.500%, due 02/15/29²		100,000		95,744
6.500%, due 04/01/32²		100,000		101,187
7.250%, due 07/15/28²		50,000		51,861
Rithm Capital Corp.
8.000%, due 04/01/29²		75,000		74,838
RLJ Lodging Trust LP
3.750%, due 07/01/26²		100,000		96,854
4.000%, due 09/15/29²		200,000		180,255
SBA Communications Corp.
3.875%, due 02/15/27		25,000		24,196

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Real estate investment trusts—(continued)
Service Properties Trust
4.375%, due 02/15/30		50,000	$	37,842
4.750%, due 10/01/26		125,000		118,128
4.950%, due 02/15/27		25,000		23,286
4.950%, due 10/01/29		75,000		59,944
5.250%, due 02/15/26		150,000		145,485
Starwood Property Trust, Inc.
6.000%, due 04/15/30²		125,000		122,528
Uniti Group LP/Uniti Group Finance 2019, Inc./CSL Capital LLC
4.750%, due 04/15/28²		75,000		68,943
6.500%, due 02/15/29²		125,000		107,614
10.500%, due 02/15/28²		250,000		266,292
XHR LP
4.875%, due 06/01/29²		75,000		70,399
6.375%, due 08/15/25²		125,000		124,950
				4,307,958
Retail: 3.8%
1011778 BC ULC/New Red Finance, Inc.
3.875%, due 01/15/28²		25,000		23,829
4.000%, due 10/15/30²		500,000		451,575
4.375%, due 01/15/28²		50,000		48,088
6.125%, due 06/15/29²		75,000		76,309
Arko Corp.
5.125%, due 11/15/29²		50,000		46,059

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Retail—(continued)
Asbury Automotive Group, Inc.
4.500%, due 03/01/28		15,000	$	14,479
4.625%, due 11/15/29²		50,000		46,816
4.750%, due 03/01/30		25,000		23,526
5.000%, due 02/15/32²		25,000		23,030
Bath & Body Works, Inc.
6.625%, due 10/01/30²		100,000		100,129
6.750%, due 07/01/36		275,000		276,482
BCPE Ulysses Intermediate, Inc.
7.750% Cash or 8.500% PIK,
7.750%, due 04/01/27^2,8		100,000		97,428
Beacon Roofing Supply, Inc.
4.125%, due 05/15/29²		125,000		116,220
4.500%, due 11/15/26²		175,000		171,514
6.500%, due 08/01/30²		100,000		101,647
Bertrand Franchise Finance SAS
6.500%, due 07/18/30³	EUR	200,000		225,991
Brinker International, Inc.
8.250%, due 07/15/30²		25,000		26,612
Carvana Co.
13.000% PIK,
13.000%, due 06/01/30^2,8		53,250		58,056
14.000% PIK,
14.000%, due 06/01/31^2,8		133,750		159,461
CEC Entertainment LLC
6.750%, due 05/01/26²		50,000		49,706
Ceconomy AG
6.250%, due 07/15/29²	EUR	125,000		139,029

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Retail—(continued)
Dufry One BV
3.375%, due 04/15/28		250,000	$	267,907
4.750%, due 04/18/31³		100,000		111,720
Eroski S Coop
10.625%, due 04/30/29²		150,000		175,706
Evergreen Acqco 1 LP/TVI, Inc.
9.750%, due 04/26/28²		40,000		42,088
Ferrellgas LP/Ferrellgas Finance Corp.
5.375%, due 04/01/26²		175,000		173,775
5.875%, due 04/01/29²		175,000		163,336
Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc.
6.750%, due 01/15/30²		200,000		181,896
FirstCash, Inc.
4.625%, due 09/01/28²		125,000		118,398
5.625%, due 01/01/30²		75,000		72,812
6.875%, due 03/01/32²		100,000		101,140
Foundation Building Materials, Inc.
6.000%, due 03/01/29²		100,000		88,353
Gap, Inc.
3.625%, due 10/01/29²		25,000		22,436
3.875%, due 10/01/31²		25,000		21,483
Global Auto Holdings Ltd./AAG FH U.K. Ltd.
8.750%, due 01/15/32²		200,000		181,784
Group 1 Automotive, Inc.
6.375%, due 01/15/30²		25,000		25,112

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Retail—(continued)
Ken Garff Automotive LLC
4.875%, due 09/15/28²		75,000	$	72,725
LBM Acquisition LLC
6.250%, due 01/15/29²		150,000		138,337
LCM Investments Holdings II LLC
4.875%, due 05/01/29²		200,000		188,987
8.250%, due 08/01/31²		75,000		78,330
Lithia Motors, Inc.
3.875%, due 06/01/29²		200,000		183,541
4.625%, due 12/15/27²		150,000		145,548
Macy's Retail Holdings LLC
4.500%, due 12/15/34		50,000		41,760
5.125%, due 01/15/42		150,000		115,407
5.875%, due 04/01/29²		41,000		40,062
5.875%, due 03/15/30²		25,000		24,179
6.375%, due 03/15/37		75,000		65,739
Michaels Cos., Inc.
7.875%, due 05/01/29²		50,000		26,368
Murphy Oil USA, Inc.
3.750%, due 02/15/31²		25,000		22,215
4.750%, due 09/15/29		50,000		47,786
Nordstrom, Inc.
4.375%, due 04/01/30		50,000		45,322
Patrick Industries, Inc.
4.750%, due 05/01/29²		100,000		94,585
Punch Finance PLC
6.125%, due 06/30/26²	GBP	125,000		159,755
6.125%, due 06/30/26³		100,000		127,804

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Retail—(continued)
QVC, Inc.
4.450%, due 02/15/25		100,000	$	99,187
5.450%, due 08/15/34		125,000		82,111
Raising Cane's Restaurants LLC
9.375%, due 05/01/29²		50,000		53,744
Rite Aid Corp.
8.000%, due 11/15/26^2,4,5,12		103,000		27,738
12.324%, due 11/15/26		5,282		5,057
Sally Holdings LLC/Sally Capital, Inc.
6.750%, due 03/01/32		50,000		50,623
Sizzling Platter LLC/Sizzling Platter Finance Corp.
8.500%, due 11/28/25²		200,000		200,229
Sonic Automotive, Inc.
4.625%, due 11/15/29²		75,000		68,871
4.875%, due 11/15/31²		75,000		67,436
Staples, Inc.
10.750%, due 09/01/29²		100,000		96,698
12.750%, due 01/15/30²		219,659		174,569
Suburban Propane Partners LP/Suburban Energy Finance Corp.
5.000%, due 06/01/31²		75,000		68,787
Superior Plus LP/Superior General Partner, Inc.
4.500%, due 03/15/29²		125,000		115,335

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Retail—(continued)
Victra Holdings LLC/Victra Finance Corp.
7.750%, due 02/15/26²		13,000	$	13,094
8.750%, due 09/15/29²		25,000		26,098
Yum! Brands, Inc.
4.750%, due 01/15/30²		25,000		24,190
5.375%, due 04/01/32		225,000		218,995
				7,035,144
Savings & loans: 0.0%^†
Washington Mutual, Inc.
0.000%, due 09/21/49^4,12,13		500,000		6,063

Semiconductors: 0.3%
Amkor Technology, Inc.
6.625%, due 09/15/27²		50,000		50,153
ams-OSRAM AG
10.500%, due 03/30/29³	EUR	100,000		110,243
BE Semiconductor Industries NV
4.500%, due 07/15/31²		125,000		139,550
Entegris, Inc.
5.950%, due 06/15/30²		25,000		24,973
ON Semiconductor Corp.
3.875%, due 09/01/28²		175,000		164,097
Synaptics, Inc.
4.000%, due 06/15/29²		125,000		114,667
				603,683
Software: 1.7%
Alteryx, Inc.
8.750%, due 03/15/28²		50,000		51,109
AthenaHealth Group, Inc.
6.500%, due 02/15/30²		350,000		331,019

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Software—(continued)
Castle U.S. Holding Corp.
9.500%, due 02/15/28²		225,000	$	101,250
Cloud Software Group, Inc.
6.500%, due 03/31/29²		375,000		366,211
9.000%, due 09/30/29²		600,000		599,945
Dun & Bradstreet Corp.
5.000%, due 12/15/29²		50,000		48,991
Dye & Durham Ltd.
8.625%, due 04/15/29²		25,000		26,501
Elastic NV
4.125%, due 07/15/29²		75,000		69,403
Helios Software Holdings, Inc./ION Corporate Solutions Finance SARL
7.875%, due 05/01/29²	EUR	125,000		137,566
Open Text Corp.
3.875%, due 02/15/28²		25,000		23,515
3.875%, due 12/01/29²		150,000		136,846
Open Text Holdings, Inc.
4.125%, due 02/15/30²		125,000		114,756
4.125%, due 12/01/31²		275,000		246,979
Playtika Holding Corp.
4.250%, due 03/15/29²		125,000		112,767
ROBLOX Corp.
3.875%, due 05/01/30²		50,000		45,252
Rocket Software, Inc.
6.500%, due 02/15/29²		25,000		23,247
SS&C Technologies, Inc.
5.500%, due 09/30/27²		275,000		273,907
6.500%, due 06/01/32²		50,000		50,897

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Software—(continued)
Twilio, Inc.
3.875%, due 03/15/31		100,000	$	90,205
UKG, Inc.
6.875%, due 02/01/31²		175,000		179,289
Veritas U.S., Inc./Veritas Bermuda Ltd.
7.500%, due 09/01/25²		100,000		95,172
				3,124,827
Telecommunications: 5.8%
Africell Holding Ltd.
10.500%, due 10/23/29²		250,000		249,560
Altice France Holding SA
4.000%, due 02/15/28³	EUR	200,000		51,940
6.000%, due 02/15/28²		400,000		108,411
8.000%, due 05/15/27³	EUR	175,000		52,660
10.500%, due 05/15/27²		400,000		121,611
Altice France SA
3.375%, due 01/15/28³	EUR	400,000		332,308
5.125%, due 07/15/29²		375,000		280,482
5.500%, due 10/15/29²		200,000		149,748
Axian Telecom
7.375%, due 02/16/27³		200,000		200,938
C&W Senior Finance Ltd.
6.875%, due 09/15/27³		120,000		118,787
Ciena Corp.
4.000%, due 01/31/30²		50,000		46,139

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Telecommunications—(continued)
CommScope LLC
4.750%, due 09/01/29²		50,000	$	42,750
6.000%, due 03/01/26²		50,000		48,810
7.125%, due 07/01/28²		25,000		21,744
8.250%, due 03/01/27²		25,000		23,673
CommScope Technologies LLC
6.000%, due 06/15/25²		61,000		59,780
CT Trust
5.125%, due 02/03/32³		350,000		317,187
Digicel Group Holdings Ltd.
Series 1B,
0.000%, due 12/31/30^2,4,13		60,603		1,818
Series 3A,
0.000%, due 12/31/30^2,4,5,13		376		188
Series 3B,
0.000%, due 12/31/30^2,4,13		46,129		461
Digicel Intermediate Holdings Ltd./Digicel International Finance Ltd./Difl U.S.
9.000% Cash and 1.500% PIK,
12.000%, due 05/25/27⁸		401,766		404,277
Embarq Corp.
7.995%, due 06/01/36		100,000		42,819

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Telecommunications—(continued)
Frontier Communications Holdings LLC
5.000%, due 05/01/28²		150,000	$	147,458
5.875%, due 10/15/27²		75,000		74,839
5.875%, due 11/01/29		17,911		17,500
6.000%, due 01/15/30²		100,000		97,861
6.750%, due 05/01/29²		275,000		273,552
8.625%, due 03/15/31²		150,000		160,772
8.750%, due 05/15/30²		100,000		105,863
GoTo Group, Inc.
5.500%, due 05/01/28²		48,510		37,399
5.500%, due 05/01/28²		66,990		21,068
Hughes Satellite Systems Corp.
6.625%, due 08/01/26		125,000		108,138
Iliad Holding SASU
6.875%, due 04/15/31²	EUR	125,000		144,647
Intelsat Jackson Holdings SA
6.500%, due 03/15/30²		50,000		46,979

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Telecommunications—(continued)
Level 3 Financing, Inc.
3.625%, due 01/15/29²		25,000	$	18,746
3.875%, due 10/15/30²		75,000		56,999
4.000%, due 04/15/31²		25,000		18,875
4.250%, due 07/01/28²		100,000		83,125
4.500%, due 04/01/30²		100,000		79,994
4.625%, due 09/15/27²		100,000		90,750
4.875%, due 06/15/29²		100,000		85,500
10.000%, due 10/15/32²		50,000		49,542
10.500%, due 04/15/29²		50,000		55,668
10.500%, due 05/15/30²		96,000		105,000
10.750%, due 12/15/30²		50,000		55,868
11.000%, due 11/15/29²		25,000		28,210
Liberty Costa Rica Senior Secured Finance
10.875%, due 01/15/31²		200,000		215,664
Lorca Telecom Bondco SA
4.000%, due 09/18/27²	EUR	225,000		244,395
Lumen Technologies, Inc.
4.000%, due 02/15/27²		25,000		22,500
4.125%, due 04/15/29²		21,160		18,515
4.125%, due 04/15/30²		21,162		17,935
4.500%, due 01/15/29²		25,000		19,500
10.000%, due 10/15/32²		125,000		124,531
Nokia of America Corp.
6.450%, due 03/15/29		175,000		175,930

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Telecommunications—(continued)
Odido Holding BV
3.750%, due 01/15/29³	EUR	175,000	$	185,671
Optics Bidco SpA
1.625%, due 01/18/29		284,000		285,072
3.625%, due 05/25/26³		50,000		54,520
5.250%, due 03/17/55		100,000		107,862
Series 2034,
6.000%, due 09/30/34²		200,000		194,958
7.875%, due 07/31/28³	EUR	200,000		245,641
SoftBank Group Corp.
3.125%, due 09/19/25³		375,000		403,542
3.875%, due 07/06/32³		300,000		300,219
TalkTalk Telecom Group Ltd.
3.875%, due 02/20/25³	GBP	100,000		79,946
Telecom Italia Capital SA
6.375%, due 11/15/33		75,000		75,795
7.200%, due 07/18/36		50,000		50,701
Telecom Italia SpA
1.625%, due 01/18/29³	EUR	141,000		142,408
7.875%, due 07/31/28³		100,000		122,753
Telecommunications Services of Trinidad & Tobago Ltd.
8.875%, due 10/18/29³		400,000		401,776
Telesat Canada/Telesat LLC
4.875%, due 06/01/27²		50,000		21,789
5.625%, due 12/06/26²		125,000		55,343
6.500%, due 10/15/27²		75,000		23,190
Turkcell Iletisim Hizmetleri AS
5.800%, due 04/11/28³		400,000		388,625

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Telecommunications—(continued)
Viasat, Inc.
6.500%, due 07/15/28²		25,000	$	18,855
7.500%, due 05/30/31²		50,000		32,803
Vmed O2 U.K. Financing I PLC
4.250%, due 01/31/31²		200,000		172,534
4.750%, due 07/15/31²		200,000		173,206
5.625%, due 04/15/32²	EUR	125,000		135,975
5.625%, due 04/15/32³		100,000		108,780
Vodafone Group PLC
(fixed, converts to FRN on 08/27/26),
2.625%, due 08/27/80^3,6		225,000		240,650
(fixed, converts to FRN on 08/27/30),
3.000%, due 08/27/80^3,6		100,000		101,052
(fixed, converts to FRN on 10/03/28),
4.200%, due 10/03/78^3,6		125,000		137,561
(fixed, converts to FRN on 04/04/29),
7.000%, due 04/04/79⁶		175,000		183,297
Windstream Services LLC/Windstream Escrow Finance Corp.
7.750%, due 08/15/28²		125,000		125,692
8.250%, due 10/01/31²		50,000		50,625
Zayo Group Holdings, Inc.
4.000%, due 03/01/27²		200,000		178,002
6.125%, due 03/01/28²		75,000		64,382
Zegona Finance PLC
6.750%, due 07/15/29³	EUR	200,000		228,699
				10,571,338

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Toys/Games/Hobbies: 0.1%
Mattel, Inc.
5.450%, due 11/01/41		25,000	$	22,895
5.875%, due 12/15/27²		100,000		101,014
				123,909
Transportation: 0.6%
Cargo Aircraft Management, Inc.
4.750%, due 02/01/28²		25,000		23,852
Edge Finco PLC
8.125%, due 08/15/31²	GBP	200,000		260,534
First Student Bidco, Inc./First Transit Parent, Inc.
4.000%, due 07/31/29²		25,000		23,014
Genesee & Wyoming, Inc.
6.250%, due 04/15/32²		100,000		100,874
Rand Parent LLC
8.500%, due 02/15/30²		100,000		99,780
Seaspan Corp.
5.500%, due 08/01/29²		175,000		164,937
Transnet SOC Ltd.
8.250%, due 02/06/28³		200,000		203,687
Watco Cos. LLC/Watco Finance Corp.
7.125%, due 08/01/32²		100,000		103,104
XPO, Inc.
6.250%, due 06/01/28²		50,000		50,756
7.125%, due 06/01/31²		50,000		51,752
7.125%, due 02/01/32²		50,000		51,942
				1,134,232

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Corporate bonds—(continued)
Trucking & leasing: 0.3%
Fortress Transportation & Infrastructure Investors LLC
5.500%, due 05/01/28²		75,000	$	73,527
5.875%, due 04/15/33²		100,000		97,496
7.000%, due 05/01/31²		75,000		77,131
7.000%, due 06/15/32²		225,000		230,851
7.875%, due 12/01/30²		25,000		26,337
				505,342
Water: 0.2%
Solaris Midstream Holdings LLC
7.625%, due 04/01/26²		175,000		175,933
Thames Water Utilities Finance PLC
2.375%, due 04/22/40³	GBP	100,000		97,005
7.750%, due 04/30/44³		100,000		105,255
				378,193
Total corporate bonds
(cost—$186,380,713)				176,153,125

Loan assignments—1.0%
Advertising: 0.1%
Clear Channel International BV
6 mo. USD Term SOFR + 7.500%,
7.500%, due 04/01/27⁶		175,000		171,500

Commercial services: 0.0%^†
Vortex Opco LLC
3 mo. USD Term SOFR + 6.250%,
11.003%, due 04/30/30⁶		18,000		18,551

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Loan assignments—(continued)
Computers: 0.2%
Amentum Government Services Holdings LLC
1 mo. USD Term SOFR + 2.250%,
6.935%, due 09/29/31⁶		125,000	$	124,906
Diebold Nixdorf, Inc.
2023 Exit Term Loan,
1 mo. USD Term SOFR + 7.500%,
12.304%, due 08/11/28⁶		162,746		165,221
Vericast Corp.
3 mo. USD Term SOFR + 7.750%,
12.354%, due 06/15/30⁶		133,225		126,897
				417,024
Diversified financial services: 0.1%
Mulhacen Pte. Ltd.
EUR 1st Lien Term Loan,
6 mo. EURIBOR + 10.000%,
10.000%, due 08/01/26⁶	EUR	123,745		53,841
EUR 2nd Lien Term Loan,
6 mo. EURIBOR + 8.000%,
8.000%, due 12/01/26⁶		259,267		32,785
				86,626
Electric: 0.0%^†
Lightning Power LLC
3 mo. USD Term SOFR + 3.250%,
8.346%, due 08/18/31⁶		50,000		50,090
NRG Energy, Inc.
0.000%, due 04/16/31^6,14		25,000		25,009
				75,099

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Loan assignments—(continued)
Entertainment: 0.2%
Allen Media LLC
2021 Term Loan B,
3 mo. USD Term SOFR + 5.500%,
10.254%, due 02/10/27⁶		70,749	$	45,943
Great Canadian Gaming Corp.
2021 Term Loan,
3 mo. USD Term SOFR + 4.000%,
9.015%, due 11/01/26⁶		97,750		97,554
Scientific Games Holdings LP
3 mo. USD Term SOFR + 3.000%,
7.590%, due 04/04/29⁶		147,750		147,082
				290,579
Food: 0.1%
Northeast Grocery, Inc.
Term Loan B,
3 mo. USD Term SOFR + 7.500%,
12.596%, due 12/13/28⁶		167,518		168,216

Forest Products, Paper: 0.0%^†
Glatfelter Corp.
0.000%, due 11/04/31^6,14		75,000		74,204

Healthcare-services: 0.0%^†
LifePoint Health, Inc.
3 mo. USD Term SOFR + 4.000%,
8.632%, due 05/17/31⁶		24,938		24,957

Internet: 0.0%^†
Endure Digital, Inc.
Term Loan,
1 mo. USD Term SOFR + 3.500%,
8.471%, due 02/10/28⁶		72,562		65,778

Leisure time: 0.0%^†
Life Time Fitness, Inc.
0.000%, due 10/22/31^6,14		50,000		49,938

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Loan assignments—(continued)
Machinery-diversified: 0.0%^†
Titan Acquisition Ltd.
2024 Term Loan B,
6 mo. USD Term SOFR + 5.000%,
10.326%, due 02/15/29⁶		24,937	$	24,947

Pharmaceuticals: 0.0%^†
Mallinckrodt International Finance SA
2023 First Out Term Loan,
1 mo. USD Term SOFR + 7.500%,
12.245%, due 11/14/28⁶		9,357		9,924

Retail: 0.0%^†
MI Windows & Doors LLC
2024 Term Loan B2,
1 mo. USD Term SOFR + 3.000%,
7.685%, due 03/28/31⁶		49,875		49,994

Software: 0.1%
Athenahealth Group, Inc.
2022 Term Loan B,
1 mo. USD Term SOFR + 3.250%,
7.935%, due 02/15/29⁶		87,143		86,798

Telecommunications: 0.2%
Altice France SA
2023 USD Term Loan B14,
3 mo. USD Term SOFR + 5.500%,
10.147%, due 08/15/28⁶		160,445		128,069
Consolidated Communications, Inc.
2021 Term Loan B,
1 mo. USD Term SOFR + 3.500%,
8.300%, due 10/02/27⁶		150,000		147,432

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face
	amount¹		Value
Loan assignments—(continued)
Telecommunications—(continued)
Windstream Services LLC
3 mo. USD Term SOFR + 4.750%,
9.707%, due 10/01/31⁶		25,000	$	25,094
				300,595
Total loan assignments
(cost—$2,251,941)				1,914,730

Non-U.S. government agency obligations: 0.1%
Argentina: 0.1%
Bonos Para La Reconstruccion De Una Argentina Libre
3.000%, due 05/31/26		250,000		221,713

Ukraine: 0.0%^†
Ukreximbank Via Biz Finance PLC
9.750%, due 01/22/25³		25,750		24,279

Total non-U.S. government agency obligations
(cost $241,445)				245,992

	Number of shares
Preferred stocks: 0.0%^†
Machinery: 0.0%^†
Selecta Group BV^*,4Class A1		21,852	6,893
Selecta Group BV^*,4Class A2		43,703	13,786
			20,679
Total preferred stocks (cost—$19,205)			20,679

	Face amount
Warrants: 0.0%^†
Air Methods Corp.^*,4,5		389	0
Air Methods Corp.^*,4,5		184	0
Chaparral Energy, Inc. expires 10/01/25^*,4,5		9	0
Curo Group Holdings LLC expires 08/01/28^*,4,5		1,440	0

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Face amount¹		Value
Warrants—(continued)
Intelsat SA expires 02/17/27^*,4		1	$	2
Linx Synthetic expires 12/31/49^*,4,5	EUR	2		29,587
Total warrants (cost—$166,198)				29,589

	Number of shares
Common stocks: 0.6%
Aerospace & defense: 0.0%^†
Evander Gold Mines Ltd.^*,4,5		2,750	0

Chemicals: 0.0%^†
Cornerstone CS^*,4,5		1,205	4,217

Consumer finance: 0.0%^†
Curo Group Holdings LLC^*,4		824	4,120

Energy equipment & services: 0.0%^†
Nine Energy Service, Inc.^*,10		750	720
Parker Drilling Co.^*		921	18,420
			19,140
Financial services: 0.1%
SPN^*,2,4		1,482	89,661

Gas utilities: 0.0%^†
Ferrellgas Partners LP, Class B		324	52,974

Health care providers & services: 0.0%^†
Air Methods Corp.^*,4		70	2,012

IT services: 0.2%
Carnelian Point Holdings LP^4,5		140	1,875
Carnelian Point Holdings LP^*,4,5		9,478	126,910
Carnelian Point Holdings LP^*,4,5		14,851	198,855
			327,640
			327,640

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks—(continued)
Leisure products: 0.0%^†
Codere New Topco SA^*,4,5	EUR	4,367	$	0
Teide 10 S.L.^*,4		5,444,137		44,414
				44,414
Media: 0.0%^†
iHeartMedia, Inc., Class A^*		1,347		2,667

Metals & mining: 0.0%^†
Aleris International, Inc.^*,4,5		795		15,900
Cloud Peak Energy, Inc.^*,4,5		66		0
Petra Diamonds Ltd.^*	GBP	54,100		24,974
				40,874
Oil, gas & consumable fuels: 0.0%^†
California Resources Corp.		64		3,326

Paper & forest products: 0.0%^†
Hardwood Holdings LLC^*,4		936		29,952

Pharmaceuticals: 0.1%
Endo, Inc.^*		3,821		97,474
Mallinckrodt PLC^*,4		459		34,425
				131,899

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks—(continued)
Technology hardware, storage & peripherals: 0.1%
Diebold Nixdorf, Inc.^*		2,093	$	96,864

Wireless telecommunication services: 0.1%
Intelsat SA^*,4		5,083		153,761
Total common stocks (cost—$1,637,245)				1,003,521

Investment companies: 0.0%^†
Endo GUC Trust⁵
(cost—$0)	$	25,821		0

Short-term investments—0.8%
Investment companies: 0.8%
State Street Institutional U.S. Government Money Market Fund, 4.824%¹⁵ (cost $1,429,337)		1,429,337		1,429,337

Investment of cash collateral from securities loaned—0.1%
Money market funds: 0.1%
State Street Navigator Securities Lending Government Money Market Portfolio, 4.817%¹⁵ (cost—$123,167)		123,167		123,167
Total investments (cost—$192,249,251)¹⁶—98.5%				180,920,140
Other assets in excess of liabilities—1.5%				2,749,184
Net assets—100.0%			$	183,669,324

Forward foreign currency contracts

Counterparty	Sell		Purchase		Settlement date	Unrealized appreciation (depreciation)
SSB	EUR	32,355,030	USD	35,822,195	11/08/24	$	621,998
SSB	GBP	3,548,851	USD	4,710,681	11/08/24		134,637
SSB	USD	136,000	EUR	125,478	11/08/24		511
SSB	USD	196,000	EUR	178,607	11/08/24		(1,687	)
SSB	USD	109,000	GBP	83,491	11/08/24		(1,342	)
Net unrealized appreciation (depreciation)						$	754,117

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

Fair valuation summary

Description	Unadjusted quoted prices in active market for identical investments (Level 1)		Other significant observable inputs (Level 2)			Unobservable inputs (Level 3)		Total
Assets
Common stocks	$	297,419	$	358,345		$	347,757	$	1,003,521
Preferred stocks		—		20,679			—		20,679
Investment companies		—		—			—		—
Warrants		—		2			29,587		29,589
Corporate bonds		—		176,112,994			40,131		176,153,125
Loan assignments		—		1,914,730			—		1,914,730
Non-U.S. government agency obligations		—		245,992			—		245,992
Short-term investments		—		1,429,337			—		1,429,337
Investment of cash collateral from securities loaned		—		123,167			—		123,167
Forward foreign currency contracts		—		757,146			—		757,146
Total	$	297,419	$	180,962,392		$	417,475	$	181,677,286

Liabilities
Forward foreign currency contracts	$	—	$	(3,029	)	$	—	$	(3,029	)
Total	$	—	$	(3,029	)	$	—	$	(3,029	)

At October 31, 2024, there were no transfers in or out of Level 3.

Securities valued using unobservable inputs, i.e. Level 3, were not considered significant to the Fund.

Portfolio footnotes

†	Amount represents less than 0.05% or (0.05)%.
*	Non–income producing security.
1	In U.S. dollars unless otherwise indicated.
2	Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933. These securities are considered liquid, unless noted otherwise, and may be resold in transactions exempt from registrations, normally to qualified institutional buyers. Securities exempt from registration pursuant to Rule 144A, in the amount of $109,655,294, represented 59.7% of the Portfolios net assets at period end.
3	Security was purchased pursuant to Regulation S under the Securities Act of 1933, which exempts from registration securities offered and sold outside of the United States. Such a security cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration.
4	Security fair valued by the Valuation Committee under the direction of the Board of Trustees.
5	Significant unobservable inputs were used in the valuation of this security; i.e. Level 3.
6	Floating or variable rate securities. The rates disclosed are as of October 31, 2024. For securities based on a published reference rate and spread, the reference rate and spread are indicated within the description. Variable rate securities with a floor or ceiling feature are disclosed at the inherent rate, where applicable. Certain variable rate securities are not based on a published reference rate and spread, but are determined by the issuer or agent and are based on current market conditions; these securities do not indicate a reference rate and spread in the description.
7	Security purchased on a when–issued basis. When–issued refers to a transaction made conditionally because a security, although authorized, has not yet been issued.
8	Payment–in–kind security for which interest may be paid in cash or additional principal, at the discretion of the issuer.
9	Perpetual investment. Date shown reflects the next call date.

PACE High Yield Investments

Portfolio of investments – October 31, 2024 (unaudited)

10	Security, or portion thereof, was on loan at the period end.
11	This security is considered restricted. At period end, the value of restricted security was $28,105, represented 0.0% of the Fund’s net assets.

The table below provides further information:

Restricted security	Acquisition date	Acquisition cost		Acquisition cost as a percentage of net asset			Value at 10/31/24		Value as a percentage of net assets
Aleris International, Inc.	01/10/17	$	13,981		0.0	%	$	15,900		0.0	%
Appcion	08/23/18		650,000		0.3			6,500		0.0
Cloud Peak Energy Resources LLC/Cloud Peak Energy Finance Corp.	09/02/20		550,000		0.3			5,500		0.0
Codere New Holdco SA	12/01/21		141,227		0.1			205		0.0
Endo Luxembourg Finance SARL	04/24/24		—		0.0			0		0.0
Par Pharmaceutical, Inc.	04/24/24		—		0.0			0		0.0

12	Bond interest in default.
13	Zero coupon bond.
14	Position is unsettled. Contract rate was not determined at October 31, 2024 and does not take effect until settlement.
15	Rates shown reflect yield at October 31, 2024.
16	Includes $120,509 of investments in securities on loan, at value plus accrued interest and dividends, if any. The Fund includes cash collateral of $123,167 and non-cash collateral of $0.

PACE Large Co Value Equity Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks: 96.7%
Aerospace & defense: 1.8%
Boeing Co.^*		10,397	$	1,552,376
General Dynamics Corp.		35,500		10,352,155
RTX Corp.		18,321		2,216,658
				14,121,189
Air freight & logistics: 0.4%
FedEx Corp.		12,210		3,343,708

Automobile components: 0.7%
Adient PLC^*		16,044		313,339
Aptiv PLC^*		21,975		1,248,839
BorgWarner, Inc.		23,513		790,742
Magna International, Inc.¹		72,729		2,870,614
				5,223,534
Automobiles: 1.2%
General Motors Co.		95,140		4,829,307
Harley-Davidson, Inc.		142,432		4,550,702
				9,380,009
Banks: 7.3%
Bank of America Corp.		30,789		1,287,596
Citigroup, Inc.		259,761		16,668,863
Citizens Financial Group, Inc.		55,529		2,338,881
First Citizens BancShares, Inc., Class A		389		753,629
JPMorgan Chase & Co.		67,505		14,980,710
Regions Financial Corp.		497,125		11,866,374
Truist Financial Corp.		26,800		1,153,740
U.S. Bancorp		59,372		2,868,261
Wells Fargo & Co.		78,840		5,118,293
				57,036,347
Beverages: 1.2%
Anheuser-Busch InBev SA, ADR		18,800		1,116,156
Keurig Dr. Pepper, Inc.		259,102		8,537,411
				9,653,567
Biotechnology: 2.1%
Gilead Sciences, Inc.		187,944		16,693,186

Broadline retail: 1.2%
Alibaba Group Holding Ltd., ADR		98,294		9,630,845

Building products: 1.1%
Johnson Controls International PLC		111,613		8,432,362

Capital markets: 7.5%
ARES Management Corp., Class A		66,741		11,191,131
Bank of New York Mellon Corp.		215,902		16,270,374
Charles Schwab Corp.		216,848		15,359,344
Goldman Sachs Group, Inc.		1,624		840,891
Raymond James Financial, Inc.		84,117		12,467,822
State Street Corp.		34,005		3,155,664
				59,285,226
Chemicals: 2.9%
Axalta Coating Systems Ltd.^*		339,670		12,880,286

PACE Large Co Value Equity Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks—(continued)
Chemicals—(continued)
Celanese Corp.¹		64,972	$	8,184,523
Olin Corp.		44,351		1,819,722
				22,884,531
Communications equipment: 2.9%
Cisco Systems, Inc.		202,510		11,091,473
F5, Inc.^*		26,600		6,221,208
Telefonaktiebolaget LM Ericsson, ADR¹		654,061		5,481,031
				22,793,712
Construction & engineering: 0.1%
Fluor Corp.^*		13,127		686,280

Construction materials: 1.9%
Heidelberg Materials AG		134,938		14,854,014

Consumer finance: 2.1%
American Express Co.		52,312		14,128,425
Capital One Financial Corp.		5,747		935,554
Discover Financial Services		7,438		1,104,022
				16,168,001
Electric utilities: 2.0%
PPL Corp.		486,640		15,844,998

Electrical equipment: 1.0%
Emerson Electric Co.		73,455		7,952,973

Electronic equipment, instruments & components: 1.2%
Corning, Inc.		103,587		4,929,705
TE Connectivity PLC		29,530		4,353,313
				9,283,018
Energy equipment & services: 0.9%
Baker Hughes Co.		65,317		2,487,271
Halliburton Co.		20,621		572,027
NOV, Inc.		191,604		2,971,778
Schlumberger NV		17,497		701,105
				6,732,181
Entertainment: 0.1%
Warner Bros Discovery, Inc.^*		122,210		993,567

Financial services: 2.5%
Berkshire Hathaway, Inc., Class B^*		33,449		15,082,823
Corebridge Financial, Inc.		55,263		1,755,706
Fidelity National Information Services, Inc.		34,677		3,111,567
				19,950,096
Food products: 2.1%
Conagra Brands, Inc.		37,800		1,093,932
Danone SA		181,230		12,951,632
Kraft Heinz Co.		75,500		2,526,230
				16,571,794
Ground transportation: 0.2%
Norfolk Southern Corp.		5,000		1,252,150

PACE Large Co Value Equity Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks—(continued)
Health care equipment & supplies: 1.1%
GE HealthCare Technologies, Inc.		35,963	$	3,141,368
Medtronic PLC		39,837		3,555,452
Solventum Corp.^*		11,500		834,670
Zimmer Biomet Holdings, Inc.		10,238		1,094,647
				8,626,137
Health care providers & services: 7.6%
Centene Corp.^*		29,219		1,819,175
Cigna Group		4,697		1,478,663
CVS Health Corp.		61,714		3,484,372
Elevance Health, Inc.		56,452		22,905,964
HCA Healthcare, Inc.		2,947		1,057,207
Henry Schein, Inc.^*,1		191,660		13,460,282
Humana, Inc.		7,321		1,887,573
Labcorp Holdings, Inc.		3,306		754,661
UnitedHealth Group, Inc.		23,387		13,201,961
				60,049,858
Hotels, restaurants & leisure: 1.9%
Aramark		376,034		14,225,366
Booking Holdings, Inc.		221		1,033,451
				15,258,817
Insurance: 7.5%
American International Group, Inc.		214,698		16,291,284
Aon PLC, Class A		14,080		5,165,530
Everest Group Ltd.		11,523		4,097,694
Hartford Financial Services Group, Inc.		20,865		2,304,331
Marsh & McLennan Cos., Inc.		42,595		9,295,933
MetLife, Inc.		123,788		9,707,455
Progressive Corp.		50,210		12,192,494
				59,054,721
Interactive media & services: 3.9%
Alphabet, Inc., Class A		99,924		17,097,996
Meta Platforms, Inc., Class A		23,420		13,292,723
				30,390,719
IT services: 0.1%
Cognizant Technology Solutions Corp., Class A		9,852		734,861

Machinery: 3.8%
CNH Industrial NV		148,845		1,671,529
Cummins, Inc.		7,593		2,497,945
Deere & Co.		1,900		768,911
PACCAR, Inc.		156,621		16,332,438
Snap-on, Inc.		23,390		7,721,741
Timken Co.		9,137		758,371
				29,750,935
Media: 0.9%
Comcast Corp., Class A		92,999		4,061,266
Omnicom Group, Inc.		8,300		838,300

PACE Large Co Value Equity Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks—(continued)
Media—(continued)
Paramount Global, Class B		39,342	$	430,402
WPP PLC, ADR		33,300		1,747,917
				7,077,885
Metals & mining: 1.4%
Rio Tinto PLC, ADR		174,062		11,294,883

Multi-utilities: 2.0%
Dominion Energy, Inc.		51,800		3,083,654
Sempra		154,543		12,884,250
				15,967,904
Oil, gas & consumable fuels: 5.7%
APA Corp.¹		119,012		2,808,683
Cenovus Energy, Inc.		50,303		808,369
ConocoPhillips		123,179		13,493,028
Coterra Energy, Inc.		297,610		7,118,831
EQT Corp.		319,445		11,672,520
Marathon Oil Corp.		54,603		1,512,503
Murphy Oil Corp.		41,859		1,317,722
Ovintiv, Inc.		73,920		2,897,664
Shell PLC, ADR		48,762		3,293,873
				44,923,193
Passenger airlines: 0.6%
Southwest Airlines Co.¹		164,179		5,020,594

Personal care products: 2.5%
Kenvue, Inc.		363,313		8,330,767
Unilever PLC, ADR¹		182,783		11,133,313
				19,464,080
Pharmaceuticals: 3.8%
GSK PLC, ADR¹		17,964		660,357
Merck & Co., Inc.		144,308		14,765,595
Pfizer, Inc.		484,037		13,698,247
Sanofi SA, ADR		14,814		783,364
				29,907,563
Semiconductors & semiconductor equipment: 2.2%
Lam Research Corp.		87,180		6,481,833
Micron Technology, Inc.		12,799		1,275,420
NXP Semiconductors NV		40,983		9,610,514
				17,367,767
Software: 0.6%
Workday, Inc., Class A^*		20,200		4,723,770

Specialized REITs: 3.1%
Crown Castle, Inc.		109,187		11,736,511
Gaming & Leisure Properties, Inc.		249,748		12,534,852
				24,271,363
Specialty retail: 1.0%
Tractor Supply Co.		30,336		8,054,511

Technology hardware, storage & peripherals: 1.3%
Samsung Electronics Co. Ltd.		243,985		10,466,603

PACE Large Co Value Equity Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks—(continued)
Tobacco: 1.3%
Philip Morris International, Inc.		75,667	$	10,041,011
Total common stocks (cost—$652,637,898)				761,214,463

Short term investments: 3.5%
Investment companies: 3.5%
State Street Institutional U.S. Government Money Market Fund, 4.824%² (cost—$27,973,541)		27,973,541		27,973,541

Investment of cash collateral from securities loaned: 0.9%
Money market funds: 0.9%
State Street Navigator Securities Lending Government Money Market Portfolio, 4.817%² (cost $7,312,418)		7,312,418		7,312,418
Total Investments (cost—$687,923,857)³—101.1%				796,500,422
Liabilities in excess of other assets—(1.1)%				(8,917,570	)
Net Assets—100.0%			$	787,582,852

Fair valuation summary

Description	Unadjusted quoted prices in active market for identical investments (Level 1)		Other significant observable inputs (Level 2)		Unobservable inputs (Level 3)		Total
Assets
Common stocks	$	761,214,463	$	—	$	—	$	761,214,463
Short-term investments		—		27,973,541		—		27,973,541
Investment of cash collateral from securities loaned		—		7,312,418		—		7,312,418
Total	$	761,214,463	$	35,285,959	$	—	$	796,500,422

At October 31, 2024, there were no transfers in or out of Level 3.

Portfolio footnotes

*	Non–income producing security.
1	Security, or portion thereof, was on loan at the period end.
2	Rates shown reflect yield at October 31, 2024.
3	Includes $30,974,069 of investments in securities on loan, at value plus accrued interest and dividends, if any. The Fund includes cash collateral of $7,312,418 and non-cash collateral of $24,772,651.

PACE Large Co Growth Equity Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks: 96.7%
Aerospace & defense: 0.8%
TransDigm Group, Inc.		4,647	$	6,051,788

Automobiles: 0.7%
Tesla, Inc.^*		23,113		5,774,783

Beverages: 1.2%
Celsius Holdings, Inc.^*		29,278		880,682
Coca-Cola Co.		123,958		8,095,697
Monster Beverage Corp.^*		11,472		604,345
				9,580,724
Biotechnology: 0.7%
Regeneron Pharmaceuticals, Inc.^*		6,171		5,172,532

Broadline retail: 8.8%
Alibaba Group Holding Ltd., ADR		13,492		1,321,946
Amazon.com, Inc.^*		345,301		64,364,107
MercadoLibre, Inc.^*		2,267		4,618,287
				70,304,340
Building products: 0.6%
Trane Technologies PLC		13,682		5,064,529

Capital markets: 3.2%
Blackstone, Inc.		30,909		5,184,985
Goldman Sachs Group, Inc.		8,954		4,636,292
Intercontinental Exchange, Inc.		6,473		1,008,946
KKR & Co., Inc.		42,308		5,848,658
MSCI, Inc.		15,455		8,827,896
State Street Corp.		2,634		244,435
				25,751,212
Communications equipment: 0.6%
Arista Networks, Inc.^*		13,033		5,036,473

Construction & engineering: 0.5%
Quanta Services, Inc.		12,898		3,890,424

Consumer staples distribution & retail: 0.3%
Walmart, Inc.		27,508		2,254,281

Diversified telecommunication services: 0.6%
AT&T, Inc.		159,220		3,588,819
Verizon Communications, Inc.		37,563		1,582,529
				5,171,348
Electric utilities: 0.9%
American Electric Power Co., Inc.		22,929		2,264,239
Duke Energy Corp.		14,554		1,677,640
NextEra Energy, Inc.		19,498		1,545,216
Southern Co.		19,401		1,766,073
				7,253,168
Electrical equipment: 1.0%
Eaton Corp. PLC		15,271		5,063,558
Vertiv Holdings Co., Class A		26,458		2,891,595
				7,955,153
Electronic equipment, instruments & components: 0.4%
Amphenol Corp., Class A		45,342		3,038,821

PACE Large Co Growth Equity Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks—(continued)
Entertainment: 4.2%
Netflix, Inc.^*		37,103	$	28,050,981
Spotify Technology SA^*		13,228		5,094,103
				33,145,084
Financial services: 6.4%
Berkshire Hathaway, Inc., Class B^*		10,427		4,701,743
Block, Inc.^*		7,508		542,979
Mastercard, Inc., Class A		53,128		26,542,217
PayPal Holdings, Inc.^*		37,259		2,954,639
Visa, Inc., Class A		56,886		16,488,407
				51,229,985
Ground transportation: 0.6%
Uber Technologies, Inc.^*		62,923		4,533,602

Health care equipment & supplies: 3.1%
Abbott Laboratories		112,616		12,767,276
Edwards Lifesciences Corp.^*		12,555		841,311
Intuitive Surgical, Inc.^*		21,772		10,969,604
				24,578,191
Health care providers & services: 1.9%
Cigna Group		7,442		2,342,816
McKesson Corp.		7,160		3,584,224
UnitedHealth Group, Inc.		15,605		8,809,023
				14,736,063
Hotels, restaurants & leisure: 3.1%
Airbnb, Inc., Class A^*		64,057		8,634,243
Booking Holdings, Inc.		598		2,796,398
Chipotle Mexican Grill, Inc.^*		23,338		1,301,560
DoorDash, Inc., Class A^*		30,235		4,737,824
McDonald's Corp.		14,799		4,322,936
Starbucks Corp.		29,834		2,914,782
				24,707,743
Household durables: 1.2%
DR Horton, Inc.		54,560		9,220,640

Household products: 0.2%
Procter & Gamble Co.		8,983		1,483,812

Industrial conglomerates: 0.5%
3M Co.		32,130		4,127,741

Insurance: 0.5%
Allstate Corp.		10,244		1,910,711
Progressive Corp.		8,958		2,175,271
				4,085,982
Interactive media & services: 8.9%
Alphabet, Inc., Class C		212,146		36,635,493
Meta Platforms, Inc., Class A		60,013		34,062,178
				70,697,671
IT services: 3.1%
Accenture PLC, Class A		25,183		8,683,602
International Business Machines Corp.		21,918		4,530,889
MongoDB, Inc.^*		2,364		639,226

PACE Large Co Growth Equity Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks—(continued)
IT services—(continued)
Shopify, Inc., Class A^*		135,379	$	10,587,991
				24,441,708
Life sciences tools & services: 1.4%
Thermo Fisher Scientific, Inc.		20,837		11,383,670

Media: 0.3%
Trade Desk, Inc., Class A^*		17,259		2,074,704

Metals & mining: 0.1%
Freeport-McMoRan, Inc.		20,338		915,617

Multi-utilities: 0.2%
CMS Energy Corp.		22,427		1,561,143

Oil, gas & consumable fuels: 0.6%
Cheniere Energy, Inc.		3,949		755,760
ConocoPhillips		17,684		1,937,105
Exxon Mobil Corp.		13,703		1,600,236
Targa Resources Corp.		5,007		835,969
				5,129,070
Pharmaceuticals: 6.3%
Eli Lilly & Co.		39,504		32,778,049
Johnson & Johnson		9,649		1,542,489
Novo Nordisk AS, ADR		72,852		8,155,781
Zoetis, Inc.		41,960		7,501,609
				49,977,928
Real estate management & development: 0.3%
CoStar Group, Inc.^*		34,349		2,500,264

Semiconductors & semiconductor equipment: 9.0%
Advanced Micro Devices, Inc.^*		4,270		615,179
ASML Holding NV, Registered Shares		758		509,793
Broadcom, Inc.		70,764		12,013,604
Lam Research Corp.		24,636		1,831,687
NVIDIA Corp.		394,891		52,425,729
Taiwan Semiconductor Manufacturing Co. Ltd., ADR		22,911		4,365,462
				71,761,454
Software: 18.4%
Adobe, Inc.^*		22,695		10,850,025
AppLovin Corp., Class A^*		15,633		2,648,074
Fair Isaac Corp.^*		1,670		3,328,494

PACE Large Co Growth Equity Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks—(continued)
Software—(continued)
HubSpot, Inc.^*		3,967	$	2,200,852
Intuit, Inc.		6,760		4,125,628
Microsoft Corp.		161,677		65,697,449
Oracle Corp.		122,246		20,517,769
Palo Alto Networks, Inc.^*		7,270		2,619,599
Salesforce, Inc.		2,418		704,533
ServiceNow, Inc.^*		25,859		24,126,188
Synopsys, Inc.^*		4,560		2,342,062
Workday, Inc., Class A^*		29,691		6,943,240
				146,103,913
Specialty retail: 0.7%
AutoZone, Inc.^*		1,122		3,376,098
Home Depot, Inc.		5,877		2,314,069
				5,690,167
Technology hardware, storage & peripherals: 4.1%
Apple, Inc.		146,084		33,001,836

Tobacco: 0.9%
British American Tobacco PLC		46,327		1,620,518
Philip Morris International, Inc.		41,450		5,500,415
				7,120,933
Trading companies & distributors: 0.4%
WW Grainger, Inc.		2,974		3,298,850
Total common stocks (cost—$552,897,501)				769,807,347

Short term investments: 3.3%
Investment companies: 3.3%
State Street Institutional U.S. Government Money Market Fund, 4.824%¹
(cost—$26,354,902)		26,354,902		26,354,902
Total Investments (cost—$579,252,403)—100.0%				796,162,249
Liabilities in excess of other assets—(0.0) %^†				(366,257	)
Net Assets—100.0%			$	795,795,992

PACE Large Co Growth Equity Investments

Portfolio of investments – October 31, 2024 (unaudited)

Fair valuation summary

Description	Unadjusted quoted prices in active market for identical investments (Level 1)		Other significant observable inputs (Level 2)		Unobservable inputs (Level 3)		Total
Assets
Common stocks	$	769,807,347	$	—	$	—	$	769,807,347
Short-term investments		—		26,354,902		—		26,354,902
Total	$	769,807,347	$	26,354,902	$	—	$	796,162,249

At October 31, 2024, there were no transfers in or out of Level 3.

Portfolio footnotes

†

Amount represents less than 0.05% or (0.05)%.

Non–income producing security.

Rates shown reflect yield at October 31, 2024.

PACE Small/Medium Co Value Equity Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks: 98.8%
Aerospace & defense: 0.5%
Textron, Inc.		18,870	$	1,517,525

Automobile components: 2.7%
Gentex Corp.		62,540		1,895,587
Goodyear Tire & Rubber Co.^*,1		111,522		893,291
LCI Industries		20,348		2,264,326
Lear Corp.		16,724		1,601,490
Visteon Corp.^*		13,155		1,187,239
				7,841,933
Automobiles: 1.1%
Thor Industries, Inc.¹		29,885		3,110,431

Banks: 6.8%
Atlantic Union Bankshares Corp.		35,200		1,330,560
Bank of Hawaii Corp.		21,236		1,533,876
Bank OZK		33,438		1,462,913
Columbia Banking System, Inc.		77,632		2,213,288
First Horizon Corp.		112,350		1,947,025
Flagstar Financial, Inc.¹		94,370		955,024
Glacier Bancorp, Inc.		40,800		2,127,720
Independent Bank Corp.		25,630		1,612,127
Prosperity Bancshares, Inc.		23,320		1,707,024
SouthState Corp.		19,550		1,906,712
Valley National Bancorp		152,250		1,441,808
Veritex Holdings, Inc.		53,500		1,444,500
				19,682,577
Beverages: 0.5%
National Beverage Corp.		34,083		1,540,211

Biotechnology: 0.6%
United Therapeutics Corp.^*		4,635		1,733,351

Building products: 3.9%
Armstrong World Industries, Inc.		13,892		1,938,629
Builders FirstSource, Inc.^*		7,631		1,307,953
Lennox International, Inc.		5,323		3,207,480
Owens Corning		7,400		1,308,246
Resideo Technologies, Inc.^*		91,426		1,798,350
Zurn Elkay Water Solutions Corp.¹		47,544		1,716,338
				11,276,996
Capital markets: 2.7%
Artisan Partners Asset Management, Inc., Class A		25,650		1,131,165
Houlihan Lokey, Inc.		10,679		1,845,011
Invesco Ltd.		97,526		1,691,101
Janus Henderson Group PLC		19,998		826,117
LPL Financial Holdings, Inc.		8,102		2,286,222
				7,779,616
Chemicals: 3.9%
Axalta Coating Systems Ltd.^*		33,749		1,279,762
Chemours Co.		126,712		2,301,090
HB Fuller Co.		25,411		1,859,577

PACE Small/Medium Co Value Equity Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks—(continued)
Chemicals—(continued)
Huntsman Corp.		64,213	$	1,412,686
Ingevity Corp.^*		30,300		1,266,237
Olin Corp.		40,638		1,667,377
Scotts Miracle-Gro Co.		17,729		1,542,069
				11,328,798
Commercial services & supplies: 1.0%
Brink's Co.		13,000		1,336,270
Clean Harbors, Inc.^*		6,435		1,488,158
				2,824,428
Communications equipment: 0.7%
Ciena Corp.^*		20,623		1,309,767
Juniper Networks, Inc.		14,962		582,022
				1,891,789
Construction & engineering: 0.4%
Fluor Corp.^*		23,600		1,233,808

Construction materials: 0.5%
Summit Materials, Inc., Class A^*		32,603		1,545,708

Consumer finance: 0.5%
Navient Corp.		48,972		696,871
SLM Corp.		33,592		740,032
				1,436,903
Consumer staples distribution & retail: 2.0%
BJ's Wholesale Club Holdings, Inc.^*		34,552		2,927,591
Casey's General Stores, Inc.		3,348		1,319,179
Performance Food Group Co.^*		20,428		1,659,775
				5,906,545
Containers & packaging: 0.5%
Berry Global Group, Inc.		21,519		1,516,014

Diversified REITs: 0.5%
WP Carey, Inc.		27,272		1,519,596

Diversified telecommunication services: 1.0%
Iridium Communications, Inc.		53,250		1,561,823
Liberty Global Ltd., Class A^*		71,489		1,416,197
				2,978,020
Electric utilities: 1.1%
Evergy, Inc.		25,900		1,565,396
Pinnacle West Capital Corp.		17,900		1,571,799
				3,137,195
Electrical equipment: 0.5%
Sensata Technologies Holding PLC		39,949		1,371,849

Electronic equipment, instruments & components: 3.6%
Arrow Electronics, Inc.^*		11,364		1,348,566
Belden, Inc.		8,720		992,946
Flex Ltd.^*		32,332		1,120,950
IPG Photonics Corp.^*		17,361		1,405,547
Jabil, Inc.		12,000		1,477,080
TD SYNNEX Corp.		13,199		1,522,505

PACE Small/Medium Co Value Equity Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks—(continued)
Electronic equipment, instruments & components—(continued)
Zebra Technologies Corp., Class A^*		6,704	$	2,560,727
				10,428,321
Energy equipment & services: 2.1%
Cactus, Inc., Class A		22,650		1,342,918
Helmerich & Payne, Inc.¹		71,736		2,410,329
Noble Corp. PLC		17,115		547,338
Patterson-UTI Energy, Inc.		227,604		1,745,723
				6,046,308
Entertainment: 1.2%
Cinemark Holdings, Inc.^*		43,970		1,308,108
Liberty Media Corp.-Liberty Formula One, Class C^*		18,550		1,481,032
Lions Gate Entertainment Corp., Class B^*		104,603		737,451
				3,526,591
Financial services: 2.0%
Jack Henry & Associates, Inc.		12,070		2,195,895
MGIC Investment Corp.		75,225		1,883,634
Voya Financial, Inc.		16,330		1,311,299
Walker & Dunlop, Inc.		4,736		517,976
				5,908,804
Food products: 0.4%
Post Holdings, Inc.^*		10,810		1,180,560

Gas utilities: 1.8%
National Fuel Gas Co.		28,830		1,745,080
UGI Corp.		140,354		3,355,864
				5,100,944
Ground transportation: 2.3%
Knight-Swift Transportation Holdings, Inc.		30,975		1,613,178
Landstar System, Inc.		11,073		1,946,301
Ryder System, Inc.		9,653		1,412,041
Saia, Inc.^*		3,528		1,723,816
				6,695,336
Health care equipment & supplies: 1.0%
Globus Medical, Inc., Class A^*		18,025		1,325,559
LivaNova PLC^*		27,515		1,420,324
				2,745,883
Health care providers & services: 2.0%
CorVel Corp.^*		5,699		1,697,276
Encompass Health Corp.		14,300		1,422,278
Select Medical Holdings Corp.		35,000		1,122,800
Tenet Healthcare Corp.^*		9,970		1,545,550
				5,787,904
Hotel & resort REITs: 0.4%
Host Hotels & Resorts, Inc.		71,416		1,231,212

Hotels, restaurants & leisure: 3.8%
Bloomin' Brands, Inc.		61,500		1,020,285

PACE Small/Medium Co Value Equity Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks—(continued)
Hotels, restaurants & leisure—(continued)
Caesars Entertainment, Inc.^*		81,646	$	3,269,922
Churchill Downs, Inc.		8,350		1,169,835
Marriott Vacations Worldwide Corp.		18,950		1,459,719
Norwegian Cruise Line Holdings Ltd.^*		88,650		2,246,391
Wynn Resorts Ltd.		17,850		1,713,957
				10,880,109
Household durables: 2.2%
Mohawk Industries, Inc.^*		20,669		2,775,227
Newell Brands, Inc.		315,435		2,775,828
TopBuild Corp.^*		2,437		861,187
				6,412,242
Household products: 0.9%
Reynolds Consumer Products, Inc.		24,135		650,438
WD-40 Co.¹		7,615		1,995,663
				2,646,101
Industrial REITs: 0.7%
First Industrial Realty Trust, Inc.		39,000		2,047,110

Insurance: 4.0%
American Financial Group, Inc.		8,600		1,108,798
Assurant, Inc.		6,190		1,186,623
Brighthouse Financial, Inc.^*		25,960		1,227,908
First American Financial Corp.		54,591		3,502,012
Lincoln National Corp.		34,480		1,198,180
Unum Group		21,000		1,347,780
W.R. Berkley Corp.		36,564		2,090,364
				11,661,665
IT services: 1.2%
Amdocs Ltd.		37,818		3,318,340

Leisure products: 1.1%
Brunswick Corp.¹		14,000		1,116,360
Polaris, Inc.		29,682		2,075,069
				3,191,429
Machinery: 6.1%
AGCO Corp.		15,594		1,556,905
Chart Industries, Inc.^*		9,942		1,200,198
Graco, Inc.		24,292		1,978,583
ITT, Inc.		13,250		1,856,590
John Bean Technologies Corp.¹		9,863		1,098,936
Kadant, Inc.¹		5,766		1,920,424
Oshkosh Corp.		12,809		1,309,592
Pentair PLC		17,080		1,692,970
RBC Bearings, Inc.^*		8,587		2,407,365
Terex Corp.¹		21,563		1,115,023
Toro Co.		17,900		1,440,592
				17,577,178
Marine transportation: 0.5%
Kirby Corp.^*		12,640		1,450,566

PACE Small/Medium Co Value Equity Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks—(continued)
Metals & mining: 3.2%
Alcoa Corp.		80,637	$	3,232,737
ATI, Inc.^*		25,225		1,329,610
Cleveland-Cliffs, Inc.^*		115,150		1,494,647
Commercial Metals Co.		29,900		1,608,620
Reliance, Inc.		5,400		1,546,236
				9,211,850
Mortgage real estate investment: 1.0%
AGNC Investment Corp.¹		136,300		1,268,953
Annaly Capital Management, Inc.		84,000		1,596,840
				2,865,793
Office REITs: 1.1%
Highwoods Properties, Inc.		49,550		1,661,907
Kilroy Realty Corp.		36,500		1,468,030
				3,129,937
Oil, gas & consumable fuels: 2.7%
Antero Resources Corp.^*		34,100		882,508
California Resources Corp.		44,118		2,292,813
Chord Energy Corp.		6,570		821,907
Civitas Resources, Inc.		19,900		970,921
Ovintiv, Inc.		22,100		866,320
PBF Energy, Inc., Class A		28,145		802,695
Permian Resources Corp.		74,700		1,018,161
				7,655,325
Passenger airlines: 1.4%
Alaska Air Group, Inc.^*		53,941		2,584,313
SkyWest, Inc.^*		15,379		1,464,081
				4,048,394
Personal care products: 0.4%
Coty, Inc., Class A^*		138,149		1,027,829

Pharmaceuticals: 1.7%
Jazz Pharmaceuticals PLC^*		23,745		2,612,662
Perrigo Co. PLC		41,000		1,050,830
Prestige Consumer Healthcare, Inc.^*		17,700		1,305,375
				4,968,867
Professional services: 7.6%
Alight, Inc., Class A^*		255,199		1,768,529
Amentum Holdings, Inc.^*		7,700		228,998
Broadridge Financial Solutions, Inc.		11,853		2,499,323
CACI International, Inc., Class A^*		5,225		2,887,126
Genpact Ltd.		37,833		1,444,086
Jacobs Solutions, Inc.		7,700		1,082,466
Kelly Services, Inc., Class A		63,445		1,268,265
Korn Ferry		42,171		2,979,381
ManpowerGroup, Inc.		50,216		3,156,076
Robert Half, Inc.		20,234		1,378,138
TransUnion		31,293		3,169,981
				21,862,369

PACE Small/Medium Co Value Equity Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks—(continued)
Real estate management & development: 0.6%
Cushman & Wakefield PLC^*		123,000	$	1,666,650

Residential REITs: 0.6%
Camden Property Trust		15,400		1,783,166

Retail REITs: 0.6%
Federal Realty Investment Trust		15,025		1,665,371

Semiconductors & semiconductor equipment: 2.4%
Diodes, Inc.^*,1		18,550		1,084,804
Ichor Holdings Ltd.^*		38,671		1,054,171
Kulicke & Soffa Industries, Inc.¹		25,000		1,121,500
MKS Instruments, Inc.		11,000		1,092,630
Synaptics, Inc.^*		16,477		1,131,476
Teradyne, Inc.		14,791		1,570,952
				7,055,533
Software: 0.6%
Dolby Laboratories, Inc., Class A		22,436		1,635,584

Specialized REITs: 1.2%
Gaming & Leisure Properties, Inc.		43,750		2,195,812
Lamar Advertising Co., Class A		10,206		1,347,192
				3,543,004
Specialty retail: 2.0%
American Eagle Outfitters, Inc.¹		55,625		1,089,694
Sally Beauty Holdings, Inc.^*,1		100,500		1,306,500
Victoria's Secret & Co.^*		112,367		3,400,225
				5,796,419
Textiles, apparel & luxury goods: 2.1%
Capri Holdings Ltd.^*		164,781		3,252,777
Carter's, Inc.		10,956		599,293
PVH Corp.		14,815		1,458,685
Steven Madden Ltd.		19,400		872,418
				6,183,173
Trading companies & distributors: 0.9%
WESCO International, Inc.		13,235		2,540,723
Total common stocks (cost—$255,700,849)				285,649,883

Short term investments: 1.3%
Investment companies: 1.3%
State Street Institutional U.S. Government Money Market Fund, 4.824%² (cost—$3,734,659)		3,734,659		3,734,659

PACE Small/Medium Co Value Equity Investments

Portfolio of investments – October 31, 2024 (unaudited)

Investment of cash collateral from securities loaned: 4.1%
Money market funds: 4.1%
State Street Navigator Securities Lending Government Money Market Portfolio, 4.817%²(cost $11,801,349)	11,801,349	$	11,801,349
Total Investments (cost—$271,236,857)³—104.2%			301,185,891
Liabilities in excess of other assets—(4.2)%			(12,254,494	)
Net Assets—100.0%		$	288,931,397

Fair valuation summary

Description	Unadjusted quoted prices in active market for identical investments (Level 1)		Other significant observable inputs (Level 2)		Unobservable inputs (Level 3)		Total
Assets
Common stocks	$	285,649,883	$	—	$	—	$	285,649,883
Short-term investments		—		3,734,659		—		3,734,659
Investment of cash collateral from securities loaned		—		11,801,349		—		11,801,349
Total	$	285,649,883	$	15,536,008	$	—	$	301,185,891

At October 31, 2024, there were no transfers in or out of Level 3.

Portfolio footnotes

*	Non–income producing security.
1	Security, or portion thereof, was on loan at the period end.
2	Rates shown reflect yield at October 31, 2024.
3	Includes $13,241,792 of investments in securities on loan, at value plus accrued interest and dividends, if any. The Fund includes cash collateral of $11,801,349 and non-cash collateral of $2,042,524.

PACE Small/Medium Co Growth Equity Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks: 99.5%
Aerospace & defense: 0.9%
Axon Enterprise, Inc.^*		3,290	$	1,393,315
Embraer SA, ADR^*		3,968		133,007
Loar Holdings, Inc.^*,1		3,747		322,917
Moog, Inc., Class A		3,046		574,476
Standardaero, Inc.^*		79		2,279
				2,425,994
Automobile components: 0.3%
Modine Manufacturing Co.^*		6,850		806,725

Banks: 0.2%
Live Oak Bancshares, Inc.		3,860		153,280
Popular, Inc.		3,594		320,693
				473,973
Beverages: 0.2%
Boston Beer Co., Inc., Class A^*		2,262		658,400

Biotechnology: 7.4%
ACADIA Pharmaceuticals, Inc.^*		21,676		316,253
ADMA Biologics, Inc.^*		105,877		1,726,854
Aduro Biotech, Inc.^*,2,3		9,389		0
Akebia Therapeutics, Inc.^*,1		36,441		60,492
Aldeyra Therapeutics, Inc.^*		14,572		76,649
Alector, Inc.^*		42,113		207,196
AnaptysBio, Inc.^*		2,606		56,368
Applied Therapeutics, Inc.^*		36,735		324,737
Arcellx, Inc.^*		5,474		461,294
Arcturus Therapeutics Holdings, Inc.^*,1		3,095		54,874
Arcus Biosciences, Inc.^*		1,000		15,300
Arcutis Biotherapeutics, Inc.^*		5,849		48,605
ARS Pharmaceuticals, Inc.^*,1		24,882		366,263
Avid Bioservices, Inc.^*,1		51,948		517,402
BioCryst Pharmaceuticals, Inc.^*		44,856		359,297
Biomea Fusion, Inc.^*,1		6,379		59,771
Blueprint Medicines Corp.^*		15,641		1,368,744
CareDx, Inc.^*		29,378		650,135
Catalyst Pharmaceuticals, Inc.^*		47,629		1,038,312
Crinetics Pharmaceuticals, Inc.^*		11,036		617,575
CytomX Therapeutics, Inc.^*		45,356		45,161
Exelixis, Inc.^*		67,984		2,257,069
Foghorn Therapeutics, Inc.^*		2,543		19,378
Gossamer Bio, Inc.^*		75,773		66,529
Insmed, Inc.^*		7,566		509,040
Ionis Pharmaceuticals, Inc.^*		7,280		279,479
Ironwood Pharmaceuticals, Inc.^*		39,500		156,025
MacroGenics, Inc.^*,1		7,754		28,380
MannKind Corp.^*,1		143,911		1,017,451
Mersana Therapeutics, Inc.^*,1		23,900		43,259
Natera, Inc.^*		4,505		544,925
Neurocrine Biosciences, Inc.^*		11,677		1,404,393
PTC Therapeutics, Inc.^*		21,807		870,535

PACE Small/Medium Co Growth Equity Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks—(continued)
Biotechnology—(continued)
Rigel Pharmaceuticals, Inc.^*		11,967	$	163,110
Sarepta Therapeutics, Inc.^*		13,516		1,703,016
Summit Therapeutics, Inc.^*,1		9,976		185,454
TScan Therapeutics, Inc.^*		2,900		13,166
Ultragenyx Pharmaceutical, Inc.^*		17,997		917,667
Vaxcyte, Inc.^*		5,701		606,301
Viking Therapeutics, Inc.^*		5,315		385,550
				19,542,009
Broadline retail: 0.0%^†
Etsy, Inc.^*		583		29,989
Groupon, Inc.^*,1		5,434		55,753
				85,742
Building products: 2.5%
Apogee Enterprises, Inc.		12,355		924,648
AZEK Co., Inc.^*		32,478		1,429,032
CSW Industrials, Inc.		3,768		1,330,481
Insteel Industries, Inc.		2,540		68,504
Lennox International, Inc.		916		551,954
Tecnoglass, Inc.¹		7,647		524,049
Trex Co., Inc.^*		25,957		1,839,053
				6,667,721
Capital markets: 1.5%
Marex Group PLC		6,372		167,838
Perella Weinberg Partners		24,099		487,523
Piper Sandler Cos.		4,113		1,166,611
StoneX Group, Inc.^*		11,290		1,016,552
TPG, Inc.		15,720		1,063,930
				3,902,454
Chemicals: 0.1%
Orion SA		24,857		372,606

Commercial services & supplies: 2.6%
ACV Auctions, Inc., Class A^*		99,210		1,715,341
CECO Environmental Corp.^*		21,998		523,552
RB Global, Inc.		49,332		4,180,394
VSE Corp.¹		3,899		400,115
				6,819,402
Communications equipment: 0.4%
Calix, Inc.^*		13,285		470,023
Extreme Networks, Inc.^*		24,360		363,695
Lumentum Holdings, Inc.^*		3,947		252,095
				1,085,813
Construction & engineering: 3.6%
Argan, Inc.		5,523		729,257
Comfort Systems USA, Inc.		89		34,803
Construction Partners, Inc., Class A^*		5,088		400,578
Dycom Industries, Inc.^*		3,320		578,776
Fluor Corp.^*		31,496		1,646,611
Limbach Holdings, Inc.^*,1		13,094		994,751

PACE Small/Medium Co Growth Equity Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks—(continued)
Construction & engineering—(continued)
MYR Group, Inc.^*		8,543	$	1,119,133
Primoris Services Corp.		4,812		301,327
Sterling Infrastructure, Inc.^*		11,790		1,820,965
WillScot Holdings Corp.^*		53,755		1,781,441
				9,407,642
Construction materials: 0.4%
Eagle Materials, Inc.		2,858		815,845
Knife River Corp.^*		2,039		198,435
				1,014,280
Consumer finance: 1.3%
Ally Financial, Inc.		32,309		1,132,430
LendingTree, Inc.^*		16,151		921,091
Moneylion, Inc.^*		9,514		408,817
NerdWallet, Inc., Class ^A*		18,995		279,037
PROG Holdings, Inc.		13,690		597,842
Regional Management Corp.		940		26,997
				3,366,214
Consumer staples distribution & retail: 0.1%
Guardian Pharmacy Services, Inc., Class A^*		9,241		165,506
Sprouts Farmers Market, Inc.^*		1,229		157,841
				323,347
Containers & packaging: 0.1%
Ardagh Metal Packaging SA		101,080		371,974

Diversified consumer services: 3.0%
Adtalem Global Education, Inc.^*		3,661		296,248
Carriage Services, Inc.		6,117		228,714
Coursera, Inc.^*		4,741		32,950
Duolingo, Inc.^*		5,211		1,526,667
Grand Canyon Education, Inc.^*		29,692		4,071,070
Lincoln Educational Services Corp.^*		29,956		397,816
Stride, Inc.^*,1		11,337		1,057,515
Udemy, Inc.^*,1		23,820		186,749
				7,797,729
Diversified telecommunication services: 0.2%
Bandwidth, Inc., Class A^*		21,224		413,868

Electric utilities: 0.7%
NRG Energy, Inc.		20,413		1,845,335

Electrical equipment: 0.0%^†
Allient, Inc.		2,523		43,623

Electronic equipment, instruments & components: 1.6%
Celestica, Inc.^*		2,453		167,785
Climb Global Solutions, Inc.		870		89,079
Cognex Corp.		40,421		1,626,137
Coherent Corp.^*		5,180		478,839
Fabrinet^*		2,213		533,267
Napco Security Technologies, Inc.		16,408		631,380
PAR Technology Corp.^*		1,808		106,654

PACE Small/Medium Co Growth Equity Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks—(continued)
Electronic equipment, instruments & components—(continued)
Powerfleet, Inc. NJ^*,1		143,976	$	724,199
				4,357,340
Energy equipment & services: 0.5%
Helix Energy Solutions Group, Inc.^*		13,337		123,367
Kodiak Gas Services, Inc.		19,242		613,435
Newpark Resources, Inc.^*		24,104		160,533
Weatherford International PLC		4,802		379,358
				1,276,693
Entertainment: 0.4%
Eventbrite, Inc., Class A^*		84,979		271,933
Madison Square Garden Entertainment Corp.^*		13,813		576,140
Roku, Inc.^*		3,415		218,833
				1,066,906
Financial services: 1.6%
AvidXchange Holdings, Inc.^*		128,811		1,061,403
International Money Express, Inc.^*		10,012		176,111
NCR Atleos Corp.^*,1		20,046		524,804
Payoneer Global, Inc.^*		142,400		1,227,488
PennyMac Financial Services, Inc.		7,846		782,089
Sezzle, Inc.^*		2,348		504,022
				4,275,917
Food products: 3.1%
Calavo Growers, Inc.		11,367		302,135
Freshpet, Inc.^*		36,484		4,835,589
Mama's Creations, Inc.^*		134,830		1,004,484
Pilgrim's Pride Corp.^*		15,626		756,923
Vital Farms, Inc.^*		17,586		609,883
WK Kellogg Co.		42,208		701,919
				8,210,933
Ground transportation: 2.2%
ArcBest Corp.		5,935		618,308
Lyft, Inc., Class A^*		94,937		1,231,333
RXO, Inc.^*		11,382		320,859
Saia, Inc.^*		3,501		1,710,624
U-Haul Holding Co.^*,1		4,717		345,898
XPO, Inc.^*		11,650		1,520,674
				5,747,696
Health care equipment & supplies: 4.1%
Accuray, Inc.^*		28,056		48,537
Artivion, Inc.^*		10,894		286,839
AtriCure, Inc.^*,1		28,449		943,938
Axogen, Inc.^*		23,070		322,980
Bioventus, Inc., Class A^*		6,400		86,848
Ceribell, Inc.^*		40		1,052
Embecta Corp.		5,883		82,833
Glaukos Corp.^*		16,323		2,158,717
Inspire Medical Systems, Inc.^*		12,150		2,369,736

PACE Small/Medium Co Growth Equity Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks—(continued)
Health care equipment & supplies—(continued)
iRadimed Corp.		6,739	$	332,031
Masimo Corp.^*		3,112		448,159
Neogen Corp.^*,1		44,651		637,616
OrthoPediatrics Corp.^*		21,377		567,132
Penumbra, Inc.^*		2,066		472,845
Pulmonx Corp.^*		10,400		65,000
RxSight, Inc.^*		9,946		503,864
Semler Scientific, Inc.^*		4,069		119,547
Sight Sciences, Inc.^*		4,954		24,770
Tandem Diabetes Care, Inc.^*		17,492		548,724
UFP Technologies, Inc.^*		3,343		892,581
				10,913,749
Health care providers & services: 6.9%
Astrana Health, Inc.^*		8,360		449,601
Aveanna Healthcare Holdings, Inc.^*		14,133		65,718
Castle Biosciences, Inc.^*		18,307		634,704
Chemed Corp.		4,069		2,198,236
DaVita, Inc.^*		7,560		1,056,964
Ensign Group, Inc.		25,977		4,026,175
GeneDx Holdings Corp.^*		18,919		1,545,493
Option Care Health, Inc.^*		50,104		1,154,396
Pennant Group, Inc.^*		53,112		1,697,991
Privia Health Group, Inc.^*		134,494		2,469,310
RadNet, Inc.^*		26,672		1,734,747
U.S. Physical Therapy, Inc.		15,634		1,253,534
				18,286,869
Health care technology: 1.5%
Certara, Inc.^*		62,537		637,877
Doximity, Inc., Class A^*		61,878		2,582,788
GoodRx Holdings, Inc., Class A^*,1		8,354		51,126
Phreesia, Inc.^*		36,271		663,397
				3,935,188
Hotel & resort REITs: 0.1%
Ryman Hospitality Properties, Inc.		1,704		182,413

Hotels, restaurants & leisure: 2.4%
Brinker International, Inc.^*		11,752		1,207,048
Cava Group, Inc.^*		1,550		207,018
Despegar.com Corp.^*		11,968		172,818
Genius Sports Ltd.^*,1		55,204		378,147
Kura Sushi USA, Inc., Class A^*		2,909		290,376
Lindblad Expeditions Holdings, Inc.^*		14,921		141,004
Rush Street Interactive, Inc.^*		103,732		1,122,380
Sweetgreen, Inc., Class A^*,1		18,015		650,342
Wingstop, Inc.		4,944		1,422,339
Wynn Resorts Ltd.		6,586		632,388
				6,223,860
Household durables: 1.8%
Cavco Industries, Inc.^*		3,700		1,516,242

PACE Small/Medium Co Growth Equity Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks—(continued)
Household durables—(continued)
Champion Homes, Inc.^*		16,037	$	1,414,945
Green Brick Partners, Inc.^*		5,776		398,602
SharkNinja, Inc.		6,588		607,479
Sonos, Inc.^*		71,780		899,403
				4,836,671
Insurance: 4.0%
Bowhead Specialty Holdings, Inc.^*		5,433		158,155
Everest Group Ltd.		1,535		545,861
Goosehead Insurance, Inc., Class A^*,1		15,876		1,728,896
Kinsale Capital Group, Inc.		10,088		4,318,774
Oscar Health, Inc., Class A^*		32,783		550,754
Palomar Holdings, Inc.^*		3,112		279,364
RLI Corp.		3,612		563,364
Ryan Specialty Holdings, Inc.		15,709		1,034,752
Skyward Specialty Insurance Group, Inc.^*		27,311		1,207,419
Universal Insurance Holdings, Inc.		9,600		191,424
				10,578,763
Interactive media & services: 0.4%
EverQuote, Inc., Class A^*		10,714		192,638
TripAdvisor, Inc.^*		8,950		143,558
Yelp, Inc.^*		12,273		419,000
ZipRecruiter, Inc., Class A^*		41,549		385,159
				1,140,355
IT services: 3.0%
BigCommerce Holdings, Inc.^*,1		20,641		108,159
Core Scientific, Inc.^*		11,509		152,955
Couchbase, Inc.^*		15,575		250,290
DigitalOcean Holdings, Inc.^*,1		26,149		1,034,977
EPAM Systems, Inc.^*		609		114,888
Globant SA^*		21,055		4,419,234
Grid Dynamics Holdings, Inc.^*		78,541		1,250,373
Twilio, Inc., Class A^*		1,416		114,200
Wix.com Ltd.^*		2,816		470,610
				7,915,686
Life sciences tools & services: 3.0%
BioLife Solutions, Inc.^*		33,552		785,117
Codexis, Inc.^*		66,004		207,253
Fortrea Holdings, Inc.^*,1		14,470		243,385
Medpace Holdings, Inc.^*		11,211		3,522,720
Repligen Corp.^*		16,728		2,246,068
Stevanato Group SpA¹		55,556		1,056,120
				8,060,663
Machinery: 3.3%
Atmus Filtration Technologies, Inc.		19,882		774,205
Blue Bird Corp.^*		3,244		136,605
Helios Technologies, Inc.		6,252		288,405
Hillman Solutions Corp.^*		166,541		1,765,335

PACE Small/Medium Co Growth Equity Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks—(continued)
Machinery—(continued)
Hyster-Yale, Inc.		5,487	$	348,260
Kadant, Inc.¹		9,374		3,122,104
Kornit Digital Ltd.^*		61,713		1,412,611
Mayville Engineering Co., Inc.^*		3,660		74,920
REV Group, Inc.		16,819		445,703
Shyft Group, Inc.		21,417		276,708
				8,644,856
Media: 0.4%
Cardlytics, Inc.^*,1		8,473		36,518
Integral Ad Science Holding Corp.^*		38,004		449,967
Magnite, Inc.^*		10,966		136,856
PubMatic, Inc., Class A^*		30,296		445,503
				1,068,844
Metals & mining: 0.2%
Carpenter Technology Corp.		1,901		284,199
Century Aluminum Co.^*		16,346		288,507
				572,706
Mortgage real estate investment: 0.0%^†
Angel Oak Mortgage REIT, Inc.		1,500		13,530

Oil, gas & consumable fuels: 0.6%
CVR Energy, Inc.¹		21,623		343,806
Magnolia Oil & Gas Corp., Class A		36,580		924,743
World Kinect Corp.		13,676		357,627
				1,626,176
Paper & forest products: 0.9%
Louisiana-Pacific Corp.		10,724		1,060,604
Sylvamo Corp.		15,014		1,276,490
				2,337,094
Personal care products: 0.2%
Beauty Health Co.^*,1		89,142		143,964
Herbalife Ltd.^*,1		15,776		119,109
Honest Co., Inc.^*		36,432		135,527
				398,600
Pharmaceuticals: 1.5%
Biote Corp., Class A^*		5,500		28,050
Corcept Therapeutics, Inc.^*		46,982		2,300,709
Harrow, Inc.^*		8,490		382,559
Intra-Cellular Therapies, Inc.^*		3,016		255,606
Ligand Pharmaceuticals, Inc.^*		6,557		693,075
Marinus Pharmaceuticals, Inc.^*		2,350		712
Phibro Animal Health Corp., Class A		10,100		233,512
				3,894,223
Professional services: 4.8%
Barrett Business Services, Inc.		8,708		315,142
CRA International, Inc.		2,291		417,283
Exponent, Inc.		18,436		1,739,990
Insperity, Inc.		12,053		949,415
KBR, Inc.		20,773		1,391,999

PACE Small/Medium Co Growth Equity Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks—(continued)
Professional services—(continued)
Kforce, Inc.		7,491	$	432,905
Legalzoom.com, Inc.^*		51,308		368,391
Parsons Corp.^*,1		1,285		138,986
Paycom Software, Inc.		928		193,980
Paycor HCM, Inc.^*		119,445		1,802,425
Paylocity Holding Corp.^*		17,918		3,307,125
TriNet Group, Inc.		13,032		1,106,286
Willdan Group, Inc.^*		11,989		567,200
				12,731,127
Real estate management & development: 0.9%
Compass, Inc., Class A^*		137,274		871,690
Cushman & Wakefield PLC^*		47,815		647,893
eXp World Holdings, Inc.¹		16,541		220,326
Real Brokerage, Inc.^*		57,397		313,388
Redfin Corp.^*,1		38,156		395,678
				2,448,975
Semiconductors & semiconductor equipment: 2.1%
ACM Research, Inc., Class A^*		45,354		852,428
Ambarella, Inc.^*		9,875		554,876
Credo Technology Group Holding Ltd.^*		12,788		482,108
MaxLinear, Inc.^*		11,466		148,714
Onto Innovation, Inc.^*		781		154,896
Power Integrations, Inc.		27,022		1,632,939
Semtech Corp.^*		14,013		619,235
Silicon Laboratories, Inc.^*		8,112		842,512
SiTime Corp.^*		1,597		269,909
				5,557,617
Software: 18.0%
A10 Networks, Inc.		37,133		543,998
Alarm.com Holdings, Inc.^*		34,920		1,862,284
Alkami Technology, Inc.^*		69,640		2,549,520
Amplitude, Inc., Class A^*,1		17,443		156,813
Appfolio, Inc., Class A^*		1,013		210,572
Arteris, Inc.^*		8,290		56,455
AvePoint, Inc.^*		75,900		921,426
BlackLine, Inc.^*		38,716		2,143,705
Blend Labs, Inc., Class A^*		152,364		553,081
Box, Inc., Class A^*		52,074		1,653,870
CCC Intelligent Solutions Holdings, Inc.^*		203,552		2,118,976
Cellebrite DI Ltd.^*		23,952		434,729
Confluent, Inc., Class A^*		51,823		1,356,208
CyberArk Software Ltd.^*		2,401		663,925
Descartes Systems Group, Inc.^*		37,231		3,869,418
Domo, Inc., Class B^*		29,478		234,350
DoubleVerify Holdings, Inc.^*		81,598		1,391,246
Dropbox, Inc., Class A^*		52,854		1,366,276
Elastic NV^*		1,327		106,465

PACE Small/Medium Co Growth Equity Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks—(continued)
Software—(continued)
Gitlab, Inc., Class A^*		17,972	$	965,995
Guidewire Software, Inc.^*		17,644		3,286,371
Jamf Holding Corp.^*		79,185		1,317,638
Kaltura, Inc.^*		5,354		6,800
Manhattan Associates, Inc.^*		8,819		2,322,572
Meridianlink, Inc.^*		15,958		350,438
Nutanix, Inc., Class A^*		31,104		1,931,558
Ooma, Inc.^*		32,664		390,661
Pegasystems, Inc.		5,799		460,673
Procore Technologies, Inc.^*		24,750		1,624,838
PROS Holdings, Inc.^*		45,331		897,554
Red Violet, Inc.^*		6,603		198,618
SEMrush Holdings, Inc., Class A^*		16,009		209,878
SentinelOne, Inc., Class A^*		40,307		1,039,518
SimilarWeb Ltd.^*		40,549		353,182
SPS Commerce, Inc.^*		23,837		3,933,105
Teradata Corp.^*		21,491		692,655
Varonis Systems, Inc.^*		9,474		477,205
Weave Communications, Inc.^*		21,114		296,018
Workiva, Inc.^*		38,838		3,097,719
Yext, Inc.^*		54,505		394,616
Zeta Global Holdings Corp., Class A^*		41,769		1,156,166
				47,597,095
Specialty retail: 2.4%
Boot Barn Holdings, Inc.^*		2,618		326,072
Dick's Sporting Goods, Inc.		2,469		483,307
Five Below, Inc.^*		29,065		2,755,071
Floor & Decor Holdings, Inc., Class A^*,1		19,961		2,056,981
ThredUp, Inc., Class A^*		7,200		4,439
Upbound Group, Inc.		7,862		229,885
Warby Parker, Inc., Class A^*		21,529		364,486
				6,220,241
Technology hardware, storage & peripherals: 0.3%
CompoSecure, Inc., Class A		31,145		470,601

PACE Small/Medium Co Growth Equity Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks—(continued)
Technology hardware, storage & peripherals—(continued)
CPI Card Group, Inc.^*		200	$	4,300
Pure Storage, Inc., Class A^*		7,367		368,718
				843,619
Textiles, apparel & luxury goods: 0.2%
Superior Group of Cos., Inc.		6,712		99,002
Wolverine World Wide, Inc.		22,216		341,904
				440,906
Trading companies & distributors: 1.6%
FTAI Aviation Ltd.		11,487		1,544,312
Herc Holdings, Inc.		6,935		1,450,386
Karat Packaging, Inc.		3,408		90,994
Transcat, Inc.^*		13,270		1,268,214
				4,353,906
Total common stocks (cost—$235,306,302)				263,184,068

Short term investments: 0.6%
Investment companies: 0.6%
State Street Institutional U.S. Government Money Market Fund, 4.824%⁴ (cost—$1,471,618)		1,471,618		1,471,618

Investment of cash collateral from securities loaned: 3.0%
Money market funds: 3.0%
State Street Navigator Securities Lending Government Money Market Portfolio, 4.817%⁴(cost $8,048,037)		8,048,037		8,048,037
Total Investments (cost—$244,825,957)⁵—103.1%				272,703,723
Liabilities in excess of other assets—(3.1)%				(8,304,406	)
Net Assets—100.0%			$	264,399,317

PACE Small/Medium Co Growth Equity Investments

Portfolio of investments – October 31, 2024 (unaudited)

Fair valuation summary

Description	Unadjusted quoted prices in active market for identical investments (Level 1)		Other significant observable inputs (Level 2)		Unobservable inputs (Level 3)		Total
Assets
Common stocks	$	263,184,068	$	—	$	0	$	263,184,068
Short-term investments		—		1,471,618		—		1,471,618
Investment of cash collateral from securities loaned		—		8,048,037		—		8,048,037
Total	$	263,184,068	$	9,519,655	$	0	$	272,703,723

At October 31, 2024, there were no transfers in or out of Level 3.

Portfolio footnotes

†	Amount represents less than 0.05% or (0.05)%.
*	Non–income producing security.
1	Security, or portion thereof, was on loan at the period end.
2	Security fair valued by the Valuation Committee under the direction of the Board of Trustees.
3	Significant unobservable inputs were used in the valuation of this security; i.e. Level 3.
4	Rates shown reflect yield at October 31, 2024.
5	Includes $15,070,817 of investments in securities on loan, at value plus accrued interest and dividends, if any. The Fund includes cash collateral of $8,048,037 and non-cash collateral of $7,541,128.

PACE International Equity Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks—111.7%
Australia—4.0%
Aurizon Holdings Ltd.		1,391,333	$	3,094,850
BHP Group Ltd.		90,157		2,529,930
CAR Group Ltd.		62,697		1,558,837
Cochlear Ltd.		1,863		347,239
Computershare Ltd.		230,754		4,006,046
Glencore PLC^*		147,674		773,670
Goodman Group		47,297		1,140,462
GPT Group		140,706		438,917
Northern Star Resources Ltd.		295,305		3,445,652
Qantas Airways Ltd.^*		136,301		724,773
REA Group Ltd.¹		4,233		632,139
Rio Tinto PLC		47,705		3,085,505
Transurban Group		30,558		255,601
Wesfarmers Ltd.		32,438		1,436,256
WiseTech Global Ltd.		34,839		2,711,870
Woolworths Group Ltd.		96,434		1,901,358
				28,083,105
Austria—0.8%
ANDRITZ AG		57,385		3,454,976
Erste Group Bank AG		28,197		1,586,932
voestalpine AG		31,806		659,073
				5,700,981
Belgium—0.1%
Warehouses De Pauw CVA ¹		21,011		498,690

Brazil—0.1%
Yara International ASA		11,780		354,250

Canada—1.7%
Constellation Software, Inc.		2,387		7,198,699
Fairfax Financial Holdings Ltd.		3,936		4,891,201
				12,089,900
China—3.2%
Alibaba Group Holding Ltd., ADR		23,614		2,313,700
BeiGene Ltd., ADR^*		21,512		4,359,192
BOC Hong Kong Holdings Ltd.		592,000		1,934,217
KE Holdings, Inc., ADR		203,638		4,465,781
Prosus NV		146,461		6,172,580
SITC International Holdings Co. Ltd.		501,000		1,417,785
Wuxi Biologics Cayman, Inc.^*,2		753,793		1,584,360
				22,247,615
Denmark—4.9%
AP Moller - Maersk AS, Class B		452		711,837
Carlsberg AS, Class B		11,827		1,302,087
Coloplast AS, Class B		38,867		4,846,934
Danske Bank AS		9,456		278,809
Demant AS^*		6,685		245,262
Genmab AS^*		33,145		7,416,573
Novo Nordisk AS, ADR		49,915		5,587,984
Novo Nordisk AS, Class B		95,471		10,623,589

PACE International Equity Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks—(continued)
Denmark—(continued)
Rockwool AS, Class B		2,241	$	965,319
Tryg AS		35,115		826,958
Vestas Wind Systems AS^*		72,710		1,368,796
				34,174,148
Finland—1.4%
Nordea Bank Abp		452,946		5,303,829
Orion OYJ, Class B		25,365		1,231,928
Wartsila OYJ Abp¹		179,469		3,418,256
				9,954,013
France—7.0%
Aeroports de Paris SA		3,534		418,239
Air Liquide SA		5,072		908,440
AXA SA		18,299		687,111
Bouygues SA		179,547		5,747,745
Bureau Veritas SA¹		33,122		1,046,266
Capgemini SE		2,813		487,127
Cie de Saint-Gobain SA		3,571		322,324
Covivio SA¹		21,477		1,221,812
Credit Agricole SA		156,052		2,390,866
Dassault Systemes SE		67,576		2,312,492
Eiffage SA		11,537		1,072,469
Hermes International SCA		1,018		2,296,601
Kering SA¹		14,247		3,546,528
Klepierre SA		23,054		736,260
Legrand SA		790		89,026
L'Oreal SA		9,607		3,597,417
LVMH Moet Hennessy Louis Vuitton SE		997		661,320
Pernod Ricard SA¹		18,382		2,284,431
Publicis Groupe SA		8,586		912,648
Safran SA		22,747		5,141,605
SEB SA		4,131		433,173
Teleperformance SE¹		11,156		1,175,875
Thales SA		18,879		3,042,354
TotalEnergies SE		12,497		780,273
Vinci SA		64,128		7,163,861
				48,476,263
Germany—7.4%
Allianz SE, Registered Shares		25,650		8,074,487
BASF SE		16,774		814,589
Carl Zeiss Meditec AG		2,063		129,256
Commerzbank AG		28,253		501,857
Continental AG		85,627		5,333,240
CTS Eventim AG & Co. KGaA		2,347		246,232
Deutsche Post AG		151,579		6,089,020
E.ON SE		15,421		208,252
Evonik Industries AG		383,105		8,430,294
Fresenius Medical Care AG		29,982		1,171,130

PACE International Equity Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks—(continued)
Germany—(continued)
Fresenius SE & Co. KGaA^*		10,814	$	394,293
GEA Group AG		14,454		711,907
Hannover Rueck SE		5,590		1,468,446
Heidelberg Materials AG		30,160		3,320,021
Knorr-Bremse AG		4,279		351,879
LEG Immobilien SE		23,397		2,209,576
Nemetschek SE		15,809		1,710,166
Puma SE		12,890		585,801
Rational AG		1,647		1,612,372
Rheinmetall AG		311		160,079
SAP SE		14,920		3,486,038
Talanx AG		23,175		1,788,550
Vonovia SE		92,810		3,044,775
				51,842,260
Hong Kong—2.8%
AIA Group Ltd.		779,400		6,160,730
Hong Kong & China Gas Co. Ltd.		2,057,000		1,595,517
Hong Kong Exchanges & Clearing Ltd.		96,331		3,851,208
Jardine Matheson Holdings Ltd.		92,900		3,576,650
WH Group Ltd.²		5,208,689		4,060,233
				19,244,338
India—1.4%
HDFC Bank Ltd., ADR		78,082		4,921,508
Tata Consultancy Services Ltd.		102,673		4,845,652
				9,767,160
Indonesia—0.6%
Bank Rakyat Indonesia Persero Tbk. PT		12,818,445		3,920,264

Ireland—0.1%
Kingspan Group PLC		10,477		919,116

Israel—1.5%
Bank Hapoalim BM		342,483		3,581,198
Bank Leumi Le-Israel BM		386,918		3,945,363
Israel Discount Bank Ltd., Class A		481,425		2,839,228
				10,365,789
Italy—5.8%
Amplifon SpA¹		5,141		143,718
Banco BPM SpA		161,519		1,088,589
Coca-Cola HBC AG¹		90,945		3,177,993
Enel SpA		1,044,266		7,917,224
Eni SpA		139,200		2,121,624
FinecoBank Banca Fineco SpA¹		209,813		3,351,470
Intesa Sanpaolo SpA		1,384,784		5,930,298
Moncler SpA¹		39,114		2,167,306
Prysmian SpA		841		59,297
Recordati Industria Chimica e Farmaceutica SpA¹		25,228		1,429,715

PACE International Equity Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks—(continued)
Italy—(continued)
Ryanair Holdings PLC¹		52,547	$	2,325,730
Snam SpA¹		1,423,501		6,840,889
UniCredit SpA		79,738		3,528,380
				40,082,233
Japan—25.6%
Asics Corp.		66,800		1,193,203
Astellas Pharma, Inc.¹		113,800		1,344,793
Brother Industries Ltd.		64,900		1,286,125
Canon, Inc.		87,100		2,868,556
Capcom Co. Ltd.		17,000		342,596
Daifuku Co. Ltd.		28,000		540,134
Dai-ichi Life Holdings, Inc.		47,600		1,210,520
Daiichi Sankyo Co. Ltd.		44,900		1,471,942
Daito Trust Construction Co. Ltd.		15,600		1,733,105
Dentsu Group, Inc.¹		21,300		663,645
Disco Corp.		2,300		673,167
FANUC Corp.¹		177,656		4,813,806
Fast Retailing Co. Ltd.		13,100		4,269,527
Fuji Electric Co. Ltd.		17,400		910,425
FUJIFILM Holdings Corp.		294,900		7,140,563
Fujitsu Ltd.		388,400		7,574,235
Hitachi Ltd.		265,300		6,851,634
Honda Motor Co. Ltd.		371,500		3,808,156
Hoya Corp.		11,900		1,623,190
Ibiden Co. Ltd.		44,700		1,461,855
Inpex Corp.		88,800		1,176,772
Isuzu Motors Ltd.¹		162,200		2,131,317
ITOCHU Corp.		11,800		594,349
Japan Post Bank Co. Ltd.¹		10,000		90,299
Japan Tobacco, Inc.		47,000		1,324,253
Kao Corp.		140,600		6,273,977
Kawasaki Kisen Kaisha Ltd.		145,400		2,034,011
KDDI Corp.		211,700		6,657,250
Keyence Corp.		14,836		6,813,585
Komatsu Ltd.		8,700		229,668
Konami Group Corp.		18,500		1,715,579
Kyocera Corp.		232,400		2,405,984
Kyowa Kirin Co. Ltd.¹		38,100		632,660
Lasertec Corp.¹		9,600		1,483,217
Makita Corp.		62,900		2,091,837
Marubeni Corp.		82,100		1,255,221
Mazda Motor Corp.		41,100		299,580
Minebea Mitsumi, Inc.¹		192,700		3,490,262
Mitsubishi Electric Corp.¹		177,500		2,789,136
Mitsubishi Heavy Industries Ltd.		48,200		695,686
Mitsubishi UFJ Financial Group, Inc.		215,100		2,305,452
MonotaRO Co. Ltd.¹		22,800		347,762
MS&AD Insurance Group Holdings, Inc.		64,000		1,448,572

PACE International Equity Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks—(continued)
Japan—(continued)
Murata Manufacturing Co. Ltd.		114,100	$	2,032,833
NEC Corp.		11,500		1,001,728
Nexon Co. Ltd.¹		97,600		1,721,200
NIDEC Corp.¹		43,800		886,724
Nintendo Co. Ltd.		21,500		1,152,544
Nippon Telegraph & Telephone Corp.		3,752,200		3,647,492
Nippon Yusen KK		55,000		1,859,879
Nitto Denko Corp.		135,000		2,273,249
Nomura Real Estate Holdings, Inc.		16,900		423,334
Obayashi Corp.¹		22,100		274,977
Ono Pharmaceutical Co. Ltd.¹		99,800		1,256,203
ORIX Corp.		10,000		215,217
Osaka Gas Co. Ltd.		54,900		1,185,875
Otsuka Corp.		66,500		1,503,844
Pan Pacific International Holdings Corp.		69,200		1,743,436
Panasonic Holdings Corp.		371,800		3,029,409
Recruit Holdings Co. Ltd.		82,957		5,204,877
SCSK Corp.		56,400		1,064,228
Secom Co. Ltd.¹		149,600		5,376,896
Sekisui House Ltd.		24,600		601,643
Shimadzu Corp.¹		13,700		410,441
Shimano, Inc.		3,700		554,367
Shin-Etsu Chemical Co. Ltd.		15,200		575,727
Shionogi & Co. Ltd.		106,200		1,530,024
SoftBank Corp.		12,000		15,227
Sompo Holdings, Inc.		15,600		341,282
Sony Group Corp.		407,500		7,304,372
Sumitomo Corp.		61,500		1,313,463
Sumitomo Metal Mining Co. Ltd.¹		100,400		2,835,438
Sumitomo Mitsui Financial Group, Inc.		160,500		3,457,394
Sumitomo Mitsui Trust Group, Inc.		10,000		222,325
Suzuki Motor Corp.		452,303		4,591,795
TDK Corp.		29,000		351,668
Tokio Marine Holdings, Inc.		92,700		3,397,088
Tokyo Electron Ltd.		16,600		2,556,535
Toray Industries, Inc.		212,400		1,168,941
Toyota Industries Corp.¹		54,800		3,889,812
Trend Micro, Inc.		33,700		1,790,132
Unicharm Corp.¹		70,200		2,269,002
Yokogawa Electric Corp.		86,300		1,951,605
ZOZO, Inc.¹		32,600		1,066,570
				178,116,402
Jordan—0.1%
Hikma Pharmaceuticals PLC		39,870		953,663

Luxembourg—0.1%
Eurofins Scientific SE ¹		9,202		452,228

PACE International Equity Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks—(continued)
Macau—0.2%
Galaxy Entertainment Group Ltd.		203,000	$	902,182
Sands China Ltd.^*		301,600		768,926
				1,671,108
Netherlands—4.0%
Adyen NV^*,1,2		4,537		6,940,754
ASM International NV		4,636		2,582,927
ASML Holding NV		4,761		3,217,056
ASML Holding NV, Registered Shares		6,351		4,271,365
BE Semiconductor Industries NV¹		6,447		686,826
Koninklijke Ahold Delhaize NV¹		109,630		3,614,468
Koninklijke Philips NV^*		245,079		6,430,022
NN Group NV		6,789		333,716
				28,077,134
New Zealand—0.2%
Xero Ltd.^*		16,103		1,584,309

Norway—1.6%
Aker BP ASA		26,713		569,705
DNB Bank ASA		238,282		4,921,517
Equinor ASA		3,473		83,366
Gjensidige Forsikring ASA		12,293		221,829
Kongsberg Gruppen ASA		12,624		1,314,020
Norsk Hydro ASA		262,473		1,615,372
Telenor ASA		213,419		2,621,126
				11,346,935
Poland—0.1%
InPost SA^*		42,653		831,877

Singapore—5.6%
DBS Group Holdings Ltd.		367,871		10,770,082
Grab Holdings Ltd., Class A^*		19,753		80,592
Oversea-Chinese Banking Corp. Ltd.		231,000		2,657,243
Sea Ltd., ADR^*		66,216		6,227,615
Singapore Exchange Ltd.		314,700		2,704,919
Singapore Technologies Engineering Ltd.		546,700		1,879,605
Singapore Telecommunications Ltd.		1,998,700		4,737,547
United Overseas Bank Ltd.		409,898		9,982,824
				39,040,427
South Africa—0.2%
Anglo American PLC		37,168		1,150,231

Spain—2.9%
ACS Actividades de Construccion y Servicios SA		28,607		1,369,159
Amadeus IT Group SA		23,288		1,687,079
Banco Bilbao Vizcaya Argentaria SA		109,471		1,089,555
Banco Santander SA¹		1,605,393		7,844,227
CaixaBank SA¹		92,132		560,211
Endesa SA		92,760		1,998,318

PACE International Equity Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks—(continued)
Spain—(continued)
Industria de Diseno Textil SA¹		103,200	$	5,870,978
				20,419,527
Sweden—2.5%
AddTech AB, Class B		6,448		178,772
Alfa Laval AB		40,723		1,796,016
Assa Abloy AB, Class B		156,024		4,874,949
Atlas Copco AB, Class A		190,588		3,137,546
Epiroc AB, Class A¹		2,118		41,229
Sagax AB, Class B¹		60,070		1,436,554
Skandinaviska Enskilda Banken AB, Class A		173,408		2,448,647
Volvo AB, Class B		134,721		3,498,721
				17,412,434
Switzerland—5.1%
ABB Ltd., Registered Shares		93,017		5,159,532
Lonza Group AG, Registered Shares		950		585,919
Novartis AG, Registered Shares		111,062		12,063,709
Partners Group Holding AG		305		421,359
Sandoz Group AG		63,932		2,913,235
Schindler Holding AG		1,173		341,488
SGS SA, Registered Shares		16,939		1,794,822
Sika AG, Registered Shares		7,132		1,986,273
Swiss Prime Site AG, Registered Shares¹		26,840		2,910,736
Temenos AG, Registered Shares¹		44,565		3,083,503
Zurich Insurance Group AG		6,975		4,125,795
				35,386,371
Taiwan—1.0%
Taiwan Semiconductor Manufacturing Co. Ltd., ADR		35,136		6,694,814

United Kingdom—11.5%
Associated British Foods PLC		133,643		3,827,362
AstraZeneca PLC		40,994		5,836,773
BAE Systems PLC		233,013		3,755,735
British American Tobacco PLC		86,182		2,994,885
CK Hutchison Holdings Ltd.		935,500		4,921,721
Compass Group PLC		91,115		2,954,831
DCC PLC		20,063		1,268,677
Halma PLC		4,220		134,677
HSBC Holdings PLC		440,429		4,041,826
Imperial Brands PLC		262,035		7,896,284
Informa PLC		3,531		36,816
InterContinental Hotels Group PLC		12,869		1,420,773
JD Sports Fashion PLC		341,384		545,845
Kingfisher PLC¹		931,787		3,514,368
Land Securities Group PLC		202,318		1,569,188
Lloyds Banking Group PLC		11,801,361		8,126,024
Next PLC		4,201		530,323
Persimmon PLC		80,449		1,521,793

PACE International Equity Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks—(continued)
United Kingdom—(continued)
RELX PLC		46,979	$	2,156,545
Rolls-Royce Holdings PLC^*		164,376		1,134,806
Smiths Group PLC		29,146		574,634
SSE PLC¹		325,237		7,385,230
Tesco PLC		204,581		902,714
Unilever PLC		4,896		298,612
United Utilities Group PLC		148,767		1,961,438
Vodafone Group PLC		5,139,249		4,772,627
Whitbread PLC		7,218		280,428
WPP PLC¹		581,830		6,105,462
				80,470,397
United States—8.2%
Atlassian Corp., Class A^*		27,948		5,269,316
BP PLC		801,713		3,893,693
Brookfield Renewable Corp., Class A¹		147,121		4,498,960
Experian PLC		30,440		1,482,506
GSK PLC		409,111		7,345,834
James Hardie Industries PLC, CDI^*		29,491		948,276
Nestle SA, Registered Shares		42,031		3,970,690
Roche Holding AG		20,126		6,243,710
Sanofi SA		61,902		6,538,794
Shell PLC		270,932		9,008,079
Swiss Re AG		5,232		670,396
Waste Connections, Inc.		40,058		7,080,251
				56,950,505
Total common stocks (cost—$661,266,316)				778,278,487

Warrant: 0.0%^†
Canada: 0.0%^†
Constellation Software, Inc. expires 03/31/40^*,1,3,4 (cost—$0)		2,948		0

Short-term investments: 0.8%
Investment companies: 0.8%
State Street Institutional U.S. Government Money Market Fund, 4.824%⁵
(cost $5,870,406)		5,870,406		5,870,406

PACE International Equity Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares			Value
Investment of cash collateral from securities loaned—10.6%
Money market funds—10.6%
State Street Navigator Securities Lending Government Money Market Portfolio, 4.817%⁵ (cost $73,835,255)		73,835,255		$	73,835,255
Total investments before investments sold short (Cost—$740,971,977)—123.1					857,984,148

Investments sold short: (13.3)%
Common stocks—(13.1)%
Australia—(1.3)%
ANZ Group Holdings Ltd.		(27,811	)		(570,120	)
APA Group		(366,358	)		(1,680,468	)
BlueScope Steel Ltd.		(164,526	)		(2,199,056	)
Mineral Resources Ltd.		(3,510	)		(91,011	)
Mirvac Group		(190,260	)		(267,950	)
SEEK Ltd.		(12,476	)		(204,769	)
Suncorp Group Ltd.		(41,666	)		(491,374	)
Treasury Wine Estates Ltd.		(73,011	)		(544,390	)
Washington H Soul Pattinson & Co. Ltd.		(85,845	)		(1,890,874	)
Woodside Energy Group Ltd.		(91,754	)		(1,435,915	)
					(9,375,927	)
Belgium—(0.5)%
D'ieteren Group		(3,757	)		(811,205	)
Sofina SA		(2,382	)		(581,943	)
Syensqo SA		(11,212	)		(866,271	)
UCB SA		(4,843	)		(931,378	)
					(3,190,797	)
China—(0.1)%
Wharf Holdings Ltd.		(27,000	)		(76,408	)
Wilmar International Ltd.		(346,900	)		(840,651	)
					(917,059	)
Denmark—(1.0)%
Coloplast AS, Class B		(3,327	)		(414,896	)
DSV AS		(16,147	)		(3,509,475	)
Zealand Pharma AS		(23,889	)		(2,753,710	)
					(6,678,081	)
France—(0.3)%
Kering SA		(2,040	)		(507,820	)
Sartorius Stedim Biotech		(6,520	)		(1,299,987	)
Sodexo SA		(457	)		(39,669	)
					(1,847,476	)

PACE International Equity Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares			Value
Investments sold short—(continued)
Common stocks—(continued)
Germany—(0.0)%^†
Merck KGaA		(635	)	$	(104,990	)

Hong Kong—(0.8)%
CK Asset Holdings Ltd.		(225,000	)		(921,811	)
Henderson Land Development Co. Ltd.		(24,000	)		(77,334	)
HKT Trust & HKT Ltd.		(333,000	)		(413,782	)
Hongkong Land Holdings Ltd.		(409,400	)		(1,764,514	)
Prudential PLC		(32,516	)		(270,266	)
Sino Land Co. Ltd.		(1,492,055	)		(1,493,187	)
Swire Pacific Ltd., Class A		(85,500	)		(718,723	)
					(5,659,617	)
Ireland—(0.1)%
Kerry Group PLC, Class A		(9,511	)		(946,621	)

Italy—(0.7)%
Eni SpA		(244,885	)		(3,732,427	)
Telecom Italia SpA		(3,625,221	)		(917,614	)
					(4,650,041	)
Japan—(3.7)%
Aeon Co. Ltd.		(47,700	)		(1,174,135	)
AGC, Inc.		(2,300	)		(71,177	)
Bandai Namco Holdings, Inc.		(5,700	)		(120,873	)
Central Japan Railway Co.		(3,200	)		(67,142	)
Daikin Industries Ltd.		(1,000	)		(122,746	)
East Japan Railway Co.		(10,000	)		(202,053	)
FUJIFILM Holdings Corp.		(94,300	)		(2,283,334	)
Hamamatsu Photonics KK		(55,800	)		(748,272	)
Hankyu Hanshin Holdings, Inc.		(5,300	)		(145,040	)
Hikari Tsushin, Inc.		(6,600	)		(1,350,928	)
Hitachi Construction Machinery Co. Ltd.		(39,100	)		(863,370	)
Idemitsu Kosan Co. Ltd.		(158,200	)		(1,090,137	)
Japan Exchange Group, Inc.		(59,400	)		(709,563	)
JFE Holdings, Inc.		(6,200	)		(75,490	)
Keisei Electric Railway Co. Ltd.		(53,700	)		(1,410,889	)
MatsukiyoCocokara & Co.		(16,400	)		(225,589	)
McDonald's Holdings Co. Japan Ltd.		(14,700	)		(624,997	)
MEIJI Holdings Co. Ltd.		(30,300	)		(707,944	)
Mitsui Chemicals, Inc.		(1,300	)		(30,126	)
Nippon Prologis REIT, Inc.		(392	)		(632,092	)
Nissan Motor Co. Ltd.		(372,600	)		(1,008,379	)
Nissin Foods Holdings Co. Ltd.		(1,200	)		(32,539	)
NTT Data Group Corp.		(46,100	)		(741,532	)
Olympus Corp.		(30,600	)		(545,882	)
Omron Corp.		(12,400	)		(497,828	)
Renesas Electronics Corp.		(34,500	)		(479,104	)
Resona Holdings, Inc.		(61,300	)		(411,518	)
Ricoh Co. Ltd.		(32,900	)		(362,151	)
Rohm Co. Ltd.		(61,400	)		(693,649	)

PACE International Equity Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares			Value
Investments sold short—(continued)
Common stocks—(continued)
Japan—(continued)
SoftBank Group Corp.		(9,400	)	$	(587,608	)
SUMCO Corp.		(15,600	)		(153,289	)
Sumitomo Metal Mining Co. Ltd.		(49,000	)		(1,383,829	)
Taisei Corp.		(32,500	)		(1,382,223	)
Tokyo Gas Co. Ltd.		(56,900	)		(1,411,453	)
Tokyu Corp.		(62,600	)		(777,453	)
TOPPAN Holdings, Inc.		(24,800	)		(736,786	)
Yaskawa Electric Corp.		(24,800	)		(727,155	)
Zensho Holdings Co. Ltd.		(29,400	)		(1,487,995	)
					(26,076,270	)
Netherlands—(0.3)%
Heineken NV		(15,573	)		(1,278,934	)
OCI NV		(41,752	)		(507,067	)
					(1,786,001	)
New Zealand—(0.2)%
Fisher & Paykel Healthcare Corp. Ltd.		(31,636	)		(680,529	)
Mercury NZ Ltd.		(193,447	)		(764,270	)
					(1,444,799	)
Norway—(0.0)%^†
Salmar ASA		(3,839	)		(194,739	)

Portugal—(0.4)%
Galp Energia SGPS SA		(150,487	)		(2,565,057	)

Singapore—(0.3)%
Keppel Ltd.		(374,000	)		(1,812,647	)
Singapore Airlines Ltd.		(48,100	)		(235,309	)
					(2,047,956	)
Spain—(0.2)%
Redeia Corp. SA		(79,816	)		(1,475,937	)

Sweden—(1.3)%
EQT AB		(66,508	)		(1,928,845	)
Fastighets AB Balder, Class B		(12,732	)		(98,491	)
H & M Hennes & Mauritz AB, Class B		(25,590	)		(380,083	)
Investor AB, Class B		(123,426	)		(3,492,101	)
Securitas AB, Class B		(66,212	)		(776,804	)
Skanska AB, Class B		(36,308	)		(736,755	)
Svenska Cellulosa AB SCA, Class B		(144,604	)		(1,911,622	)
					(9,324,701	)

PACE International Equity Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares			Value
Investments sold short—(continued)
Common stocks—(continued)
Switzerland—(0.6)%
Clariant AG, Registered Shares		(80,071	)	$	(1,111,749	)
Kuehne & Nagel International AG, Registered Shares		(2,689	)		(671,355	)
Swatch Group AG		(2,271	)		(464,299	)
Swiss Life Holding AG, Registered Shares		(2,096	)		(1,709,713	)
					(3,957,116	)
United Kingdom—(0.7)%
Croda International PLC		(14,183	)		(677,581	)
Diageo PLC		(933	)		(28,861	)
Entain PLC		(101,311	)		(973,235	)
Melrose Industries PLC		(48,895	)		(299,476	)
National Grid PLC		(2,754	)		(34,666	)
Pearson PLC		(81,733	)		(1,200,927	)
Rentokil Initial PLC		(134,982	)		(674,454	)
WPP PLC		(99,092	)		(1,039,827	)
					(4,929,027	)
United States—(0.6)%
Haleon PLC		(272,140	)		(1,306,793	)
Qiagen NV		(9,477	)		(402,551	)
Stellantis NV		(176,817	)		(2,422,622	)
Tenaris SA		(5,685	)		(93,655	)
					(4,225,621	)
Total common stocks (cost—$(92,452,496))					(91,397,833	)

Preferred stocks: (0.2)%
Sartorius AG (cost—$(1,389,255))		(4,252	)		(1,099,389	)
Total investments sold short (proceeds—$(93,841,751))					(92,497,222	)
Total investments (cost $647,130,226)⁶—109.8%					765,486,926
Liabilities in excess of other assets—(9.8)%					(68,500,456	)
Net assets—100.0%				$	696,986,470

PACE International Equity Investments

Portfolio of investments – October 31, 2024 (unaudited)

Fair valuation summary

Description	Unadjusted quoted prices in active market for identical investments (Level 1)			Other significant observable inputs (Level 2)		Unobservable inputs (Level 3)		Total
Assets
Common stocks	$	778,278,487		$	—	$	—	$	778,278,487
Warrant		—			—		0		—
Short-term investments		—			5,870,406		—		5,870,406
Investment of cash collateral from securities loaned		—			73,835,255		—		73,835,255
Total	$	778,278,487		$	79,705,661	$	0	$	857,984,148

Liabilities
Investments sold short
Common stocks	$	(91,397,833	)	$	—	$	—	$	(91,397,833	)
Preferred stocks		(1,099,389	)		—		—		(1,099,389	)
Total	$	(92,497,222	)	$	—	$	—	$	(92,497,222	)

At October 31, 2024, there were no transfers in or out of Level 3.

Securities valued using unobservable inputs, i.e. Level 3, were not considered significant to the Fund.

Portfolio footnotes

†	Amount represents less than 0.05% or (0.05)%.
*	Non–income producing security.
1	Security, or portion thereof, was on loan at the period end.
2	Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933. These securities are considered liquid, unless noted otherwise, and may be resold in transactions exempt from registrations, normally to qualified institutional buyers. Securities exempt from registration pursuant to Rule 144A, in the amount of $12,585,347, represented 1.8% of the Portfolios net assets at period end.
3	Security fair valued by the Valuation Committee under the direction of the Board of Trustees.
4	Significant unobservable inputs were used in the valuation of this security; i.e. Level 3.
5	Rates shown reflect yield at October 31, 2024.
6	Includes $73,514,310 of investments in securities on loan, at value plus accrued interest and dividends, if any. The Fund includes cash collateral of $73,835,255 and non-cash collateral of $3,769,681.

PACE International Emerging Markets Equity Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks—98.7%
Argentina—0.5%
Grupo Financiero Galicia SA, ADR^*		15,918	$	839,197
YPF SA, ADR^*		45,542		1,116,234
				1,955,431
Brazil—8.9%
Ambev SA		214,000		467,913
Atacadao SA^*		702,800		910,580
Banco Bradesco SA, ADR		1,145,785		2,830,089
Banco Bradesco SA		398,420		878,042
Banco BTG Pactual SA		468,900		2,637,760
Banco do Brasil SA		481,400		2,192,611
Cyrela Brazil Realty SA Empreendimentos e Participacoes		153,000		575,381
Itau Unibanco Holding SA, ADR		456,218		2,760,119
Lojas Renner SA		351,400		1,128,803
MercadoLibre, Inc.^*		2,979		6,068,759
Petroleo Brasileiro SA, ADR		311,521		4,189,957
Raia Drogasil SA		793,344		3,340,309
Rede D'Or Sao Luiz SA¹		185,200		940,593
Sendas Distribuidora SA^*		717,900		930,144
TOTVS SA		173,900		897,642
Vale SA		108,800		1,168,006
WEG SA		402,600		3,768,391
				35,685,099
Canada—0.9%
Ivanhoe Mines Ltd., Class A^*		273,341		3,614,183

China—30.2%
Airtac International Group		39,000		1,088,202
Alibaba Group Holding Ltd.		526,939		6,408,727
Alibaba Group Holding Ltd., ADR		16,452		1,611,967
ANTA Sports Products Ltd.		179,600		1,916,340
Beijing New Building Materials PLC, Class A		628,400		2,749,164
Beijing Oriental Yuhong Waterproof Technology Co. Ltd., Class A		1,004,550		2,059,739
Budweiser Brewing Co. APAC Ltd.¹		1,080,800		1,127,499
BYD Co. Ltd., Class A		49,400		2,035,455
China Hongqiao Group Ltd.		871,000		1,404,965
China International Capital Corp. Ltd., Class H^1,2		990,183		1,798,457
China Jushi Co. Ltd., Class A		1,379,156		2,190,167
China Merchants Shekou Industrial Zone Holdings Co. Ltd., Class A		567,301		900,104
China Overseas Land & Investment Ltd.		2,225,887		4,254,728
China Resources Land Ltd.		580,549		1,930,409
Contemporary Amperex Technology Co. Ltd., Class A		125,620		4,342,542
Country Garden Services Holdings Co. Ltd.		1,371,152		1,035,318

PACE International Emerging Markets Equity Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks—(continued)
China—(continued)
Foxconn Industrial Internet Co. Ltd., Class A		318,200	$	1,084,419
Fuyao Glass Industry Group Co. Ltd., Class A		312,400		2,502,923
Gree Electric Appliances, Inc. of Zhuhai, Class A		938,200		5,735,484
Hengli Petrochemical Co. Ltd., Class A		1,206,030		2,328,790
Huaming Power Equipment Co. Ltd., Class A		627,867		1,510,626
Kanzhun Ltd., ADR		67,395		980,597
Kuaishou Technology^*,1		547,407		3,232,012
Li Auto, Inc., ADR^*,2		71,957		1,799,645
Li Auto, Inc., Class A^*		136,551		1,886,466
Li Ning Co. Ltd.		874,500		1,784,074
Longfor Group Holdings Ltd.¹		2,157,500		3,502,354
Meituan, Class B^*,1		215,300		5,054,251
Midea Group Co. Ltd., Class A		87,897		882,225
NARI Technology Co. Ltd., Class A		475,000		1,732,941
PDD Holdings, Inc., ADR^*		11,890		1,433,815
PICC Property & Casualty Co. Ltd., Class H		1,010,000		1,535,638
Ping An Insurance Group Co. of China Ltd., Class H		626,000		3,877,220
Ping An Insurance Group Co. of China Ltd., Class A		582,000		4,573,783
Proya Cosmetics Co. Ltd., Class A		74,200		998,454
SITC International Holdings Co. Ltd.		508,132		1,437,968
Sunny Optical Technology Group Co. Ltd.		303,766		1,979,103
Tencent Holdings Ltd.		336,711		17,523,993
Tencent Music Entertainment Group		123,198		1,371,194
Tongwei Co. Ltd., Class A		628,699		2,716,898
Trip.com Group Ltd., ADR^*		63,692		4,101,765
Trip.com Group Ltd.^*		94,250		6,073,918
Zijin Mining Group Co. Ltd., Class H		1,042,000		2,222,297
ZTO Express Cayman, Inc.		34,126		788,652
ZTO Express Cayman, Inc.		2,850		65,878
				121,571,166
Ghana—0.1%
Kosmos Energy Ltd.^*		106,270		399,575

Greece—0.6%
National Bank of Greece SA		151,080		1,179,941
Piraeus Financial Holdings SA		319,989		1,196,658
				2,376,599
Hong Kong—2.3%
AIA Group Ltd.		361,400		2,856,669
Futu Holdings Ltd., ADR^*		1,844		175,162

PACE International Emerging Markets Equity Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks—(continued)
Hong Kong—(continued)
Melco Resorts & Entertainment Ltd., ADR^*		255,546	$	1,717,269
Sino Biopharmaceutical Ltd.		2,556,144		1,160,673
WH Group Ltd.¹		4,491,683		3,501,318
				9,411,091
Hungary—0.6%
OTP Bank Nyrt		46,394		2,309,377

India—11.4%
360 ONE WAM Ltd.		25,706		333,377
Axis Bank Ltd.		133,034		1,834,540
Bharat Forge Ltd.		49,645		832,561
Britannia Industries Ltd.		25,864		1,761,531
DLF Ltd.		52,054		507,532
GMR Airports Infrastructure Ltd.^*		501,734		473,294
HDFC Bank Ltd.		211,883		4,373,668
HDFC Bank Ltd., ADR		43,979		2,771,996
Hindalco Industries Ltd.		156,978		1,280,765
ICICI Bank Ltd.		315,780		4,852,954
Infosys Ltd.		86,096		1,799,250
InterGlobe Aviation Ltd.^*		76,589		3,691,173
Kotak Mahindra Bank Ltd.		196,807		4,051,704
Macrotech Developers Ltd.¹		120,114		1,723,082
Mahindra & Mahindra Ltd.		55,353		1,796,173
MakeMyTrip Ltd.^*		13,523		1,372,449
Manappuram Finance Ltd.		352,778		658,892
Nestle India Ltd.		48,954		1,317,462
Pidilite Industries Ltd.		54,977		2,056,810
Polycab India Ltd.		28,757		2,216,259
Reliance Industries Ltd.		88,048		1,394,810
Reliance Industries Ltd.^*		88,048		1,394,810
Tata Consultancy Services Ltd.		66,915		3,158,053
				45,653,145
Indonesia—2.2%
Bank Central Asia Tbk. PT		6,021,700		3,932,617
Bank Mandiri Persero Tbk. PT		6,822,192		2,912,309
Bank Rakyat Indonesia Persero Tbk. PT		6,945,314		2,124,084
				8,969,010
Luxembourg—0.6%
Zabka Group SA^*		433,987		2,325,656

Macau—1.2%
Galaxy Entertainment Group Ltd.		491,000		2,182,124
Sands China Ltd.^*,2		1,065,600		2,716,738
				4,898,862
Mexico—1.8%
Cemex SAB de CV, ADR		239,859		1,252,064
Grupo Aeroportuario del Pacifico SAB de CV, Class B²		55,183		956,860

PACE International Emerging Markets Equity Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks—(continued)
Mexico—(continued)
Grupo Financiero Banorte SAB de CV, Class O		301,900	$	2,102,188
Wal-Mart de Mexico SAB de CV		1,046,300		2,877,005
				7,188,117
Peru—1.3%
Credicorp Ltd.		28,819		5,306,442

Russia—0.0%^†
Alrosa PJSC^3,4		215,380		0
Rosneft Oil Co. PJSC^3,4		126,429		0
				0
Saudi Arabia—0.7%
Saudi Arabian Oil Co.¹		405,695		2,916,571

Singapore—0.5%
Sea Ltd., ADR^*		22,341		2,101,171

South Africa—5.3%
Absa Group Ltd.		212,579		2,033,307
Capitec Bank Holdings Ltd.		19,662		3,536,227
Clicks Group Ltd.		84,832		1,810,872
FirstRand Ltd.²		436,067		1,907,020
Gold Fields Ltd., ADR²		151,429		2,495,550
Impala Platinum Holdings Ltd.^*		107,025		700,307
MTN Group Ltd.		1,075,677		5,340,556
Naspers Ltd., Class N		14,229		3,344,719
Standard Bank Group Ltd.		17,066		233,832
				21,402,390
South Korea—8.4%
Amorepacific Corp.		12,326		1,041,458
DB Insurance Co. Ltd.		16,781		1,329,104
Hana Financial Group, Inc.		56,754		2,463,453
Hyundai Mobis Co. Ltd.		10,738		1,941,399
Hyundai Motor Co.		1,101		171,533
KB Financial Group, Inc.		81,479		5,331,561
Kia Corp.		18,314		1,219,606
LG Energy Solution Ltd.^*		3,085		910,969
Samsung Electronics Co. Ltd.		237,433		10,185,531
Shinhan Financial Group Co. Ltd.		23,131		859,870
SK Hynix, Inc.		54,632		7,375,320
WONIK IPS Co. Ltd.^*		46,203		932,430
				33,762,234
Taiwan—14.9%
Accton Technology Corp.		107,000		1,843,446
Advantech Co. Ltd.		134,000		1,338,327
Alchip Technologies Ltd.		23,000		1,464,419
ASPEED Technology, Inc.		13,000		1,704,120
Chailease Holding Co. Ltd.		418,445		1,978,602
Chroma ATE, Inc.		178,000		2,308,333
Delta Electronics, Inc.		226,000		2,849,688
Lotes Co. Ltd.		33,000		1,725,187

PACE International Emerging Markets Equity Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks—(continued)
Taiwan—(continued)
MediaTek, Inc.		155,469	$	6,259,520
Sinbon Electronics Co. Ltd.		129,000		1,066,947
Taiwan Semiconductor Manufacturing Co. Ltd.		509,475		16,378,254
Taiwan Semiconductor Manufacturing Co. Ltd., ADR		58,503		11,147,162
Unimicron Technology Corp.		484,000		2,439,638
Voltronic Power Technology Corp.		32,000		2,127,341
Yageo Corp.		227,753		3,966,485
Zhen Ding Technology Holding Ltd.		312,000		1,095,506
				59,692,975
Thailand—2.6%
Bangkok Dusit Medical Services PCL, Class F		2,194,200		1,788,132
Central Pattana PCL		623,000		1,158,490
CP ALL PCL		1,283,200		2,405,168
Kasikornbank PCL		598,300		2,597,450
SCB X PCL		733,100		2,465,753
				10,414,993
Turkey—0.9%
Akbank TAS		642,735		949,143
BIM Birlesik Magazalar AS		129,416		1,761,931
Haci Omer Sabanci Holding AS		410,012		996,162
				3,707,236
United Arab Emirates—0.4%
Aldar Properties PJSC		771,187		1,599,882

United Kingdom—0.3%
Anglogold Ashanti PLC		40,531		1,126,762

United States—1.0%
Globant SA^*		6,884		1,444,883
Las Vegas Sands Corp.		50,108		2,598,100
				4,042,983

PACE International Emerging Markets Equity Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks—(continued)
Vietnam—0.6%
Hoa Phat Group JSC^*		1,524,388	$	1,622,074
Masan Group Corp.^*		165,300		500,870
Vincom Retail JSC^*		580,120		409,618
				2,532,562
Zambia—0.5%
First Quantum Minerals Ltd.^*		139,534		1,802,863
Total common stocks (cost—$360,562,247)				396,766,375

Preferred stocks—0.3%
Brazil—0.3%
Itau Unibanco Holding SA (cost $1,123,327)		170,800		1,034,686

Short-term investments: 1.2%
Investment companies: 1.2%
State Street Institutional U.S. Government Money Market Fund, 4.824%⁵(cost $4,793,394)		4,793,394		4,793,394

Investment of cash collateral from securities loaned—1.7%
Money market funds—1.7%
State Street Navigator Securities Lending Government Money Market Portfolio, 4.817%⁵(cost $6,858,857)		6,858,857		6,858,857
Total investments (cost $373,337,825)⁶—101.9%				409,453,312
Liabilities in excess of other assets—(1.9)%				(7,476,602	)
Net assets—100.0%			$	401,976,710

PACE International Emerging Markets Equity Investments

Portfolio of investments – October 31, 2024 (unaudited)

Fair valuation summary

Description	Unadjusted quoted prices in active market for identical investments (Level 1)		Other significant observable inputs (Level 2)		Unobservable inputs (Level 3)		Total
Assets
Common stocks	$	396,766,375	$	—	$	0	$	396,766,375
Preferred stocks		1,034,686		—		—		1,034,686
Short-term investments		—		4,793,394		—		4,793,394
Investment of cash collateral from securities loaned		—		6,858,857		—		6,858,857
Total	$	397,801,061	$	11,652,251	$	0	$	409,453,312

At October 31, 2024, there were no transfers in or out of Level 3.

Securities valued using unobservable inputs, i.e. Level 3, were not considered significant to the Fund.

Portfolio footnotes

†	Amount represents less than 0.05% or (0.05)%.
*	Non–income producing security.
1	Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933. These securities are considered liquid, unless noted otherwise, and may be resold in transactions exempt from registrations, normally to qualified institutional buyers. Securities exempt from registration pursuant to Rule 144A, in the amount of $27,487,310, represented 6.8% of the Portfolios net assets at period end.
2	Security, or portion thereof, was on loan at the period end.
3	Security fair valued by the Valuation Committee under the direction of the Board of Trustees.
4	Significant unobservable inputs were used in the valuation of this security; i.e. Level 3.
5	Rates shown reflect yield at October 31, 2024.
6	Includes $8,223,687 of investments in securities on loan, at value plus accrued interest and dividends, if any. The Fund includes cash collateral of $6,858,857 and non-cash collateral of $2,081,563.

PACE Global Real Estate Securities Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks—98.2%
Australia—6.6%
Charter Hall Group		29,759	$	295,920
Goodman Group		113,739		2,742,564
National Storage REIT¹		530,206		875,811
Rural Funds Group¹		93,204		114,701
				4,028,996
Belgium—1.7%
Shurgard Self Storage Ltd.		23,667		1,006,581

Canada—1.6%
Canadian Apartment Properties REIT		29,363		978,310

Germany—2.1%
Vonovia SE		39,765		1,304,552

Hong Kong—0.9%
Sino Land Co. Ltd.		548,000		548,416

Japan—4.9%
Japan Metropolitan Fund Invest		961		590,742
KDX Realty Investment Corp.		314		299,864
Mitsui Fudosan Co. Ltd.		172,700		1,507,175
Star Asia Investment Corp.		826		276,711
Tokyo Tatemono Co. Ltd.		17,800		295,398
				2,969,890
Singapore—3.0%
Capitaland India Trust		451,261		372,491
CapitaLand Investment Ltd.¹		516,500		1,099,103
Parkway Life Real Estate Investment Trust		118,800		340,071
				1,811,665
Spain—1.6%
Cellnex Telecom SA^*,1,2		26,708		979,040

United Kingdom—6.4%
Big Yellow Group PLC		62,076		966,931
Derwent London PLC		20,814		587,766
Grainger PLC		270,670		792,265
Segro PLC		94,064		952,376
Shaftesbury Capital PLC		340,338		595,518
				3,894,856
United Republic Of Tanzania—1.3%
Helios Towers PLC^*,1		567,876		779,112

United States—68.1%
Alexandria Real Estate Equities, Inc.		11,357		1,266,873
American Homes 4 Rent, Class A		37,498		1,321,430
American Tower Corp.		5,069		1,082,434
BXP, Inc.		17,205		1,386,035
Cousins Properties, Inc.		11,039		338,125
Digital Realty Trust, Inc.		13,210		2,354,418
DigitalBridge Group, Inc.¹		11,233		176,246

PACE Global Real Estate Securities Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks—(concluded)
United States—(continued)
Douglas Emmett, Inc.		48,705	$	866,462
Encompass Health Corp.		6,578		654,248
Equinix, Inc.		3,518		3,194,626
Equity LifeStyle Properties, Inc.		30,835		2,162,150
Essex Property Trust, Inc.		5,380		1,527,167
Extra Space Storage, Inc.		11,748		1,918,448
Farmland Partners, Inc.¹		27,749		324,941
Federal Realty Investment Trust		15,340		1,700,286
Highwoods Properties, Inc.		9,918		332,650
Kimco Realty Corp.		69,331		1,644,531
Lamar Advertising Co., Class A		7,002		924,264
Mid-America Apartment Communities, Inc.		15,712		2,377,854
NNN REIT, Inc.		28,019		1,217,145
Prologis, Inc.		42,030		4,746,868
Rayonier, Inc.		34,554		1,079,121
Rexford Industrial Realty, Inc.		33,147		1,421,675
Ryman Hospitality Properties, Inc.		7,561		809,405
SBA Communications Corp.		4,494		1,031,238
Sun Communities, Inc.		13,290		1,763,317
Universal Health Services, Inc., Class B		1,677		342,628
Ventas, Inc.		33,825		2,215,199
Weyerhaeuser Co.		39,160		1,220,226
				41,400,010
Total common stocks (cost—$59,064,498)				59,701,428

Short-term investments: 1.9%
Investment companies: 1.9%
State Street Institutional U.S. Government Money Market Fund, 4.824%³ (cost—$1,138,363)		1,138,363		1,138,363

Investment of cash collateral from securities loaned—2.0%
Money market funds—2.0%
State Street Navigator Securities Lending Government Money Market Portfolio, 4.817%³ (cost—$1,228,528)		1,228,528		1,228,528
Total investments (cost—$61,431,389)⁴—102.1%				62,068,319
Liabilities in excess of other assets—(2.1)%				(1,298,076	)
Net assets—100.0%			$	60,770,243

PACE Global Real Estate Securities Investments

Portfolio of investments – October 31, 2024 (unaudited)

Fair valuation summary

Description	Unadjusted quoted prices in active market for identical investments (Level 1)		Other significant observable inputs (Level 2)		Unobservable inputs (Level 3)		Total
Assets
Common stocks	$	59,701,428	$	—	$	—	$	59,701,428
Short-term investments		—		1,138,363		—		1,138,363
Investment of cash collateral from securities loaned		—		1,228,528		—		1,228,528
Total	$	59,701,428	$	2,366,891	$	—	$	62,068,319

At October 31, 2024, there were no transfers in or out of Level 3.

Portfolio footnotes

*	Non–income producing security.
1	Security, or portion thereof, was on loan at the period end.
2	Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933. These securities are considered liquid, unless noted otherwise, and may be resold in transactions exempt from registrations, normally to qualified institutional buyers. Securities exempt from registration pursuant to Rule 144A, in the amount of $979,040, represented 1.6% of the Portfolios net assets at period end.
3	Rates shown reflect yield at October 31, 2024.
4	Includes $2,853,689 of investments in securities on loan, at value plus accrued interest and dividends, if any. The Fund includes cash collateral of $1,228,528 and non-cash collateral of $1,780,112.

PACE Alternative Strategies Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks—44.5%
Australia—0.3%
BHP Group Ltd.		32	$	898
Cochlear Ltd.		103		19,198
Commonwealth Bank of Australia		175		16,440
Glencore PLC^*		5,015		26,274
Macquarie Group Ltd.		14		2,133
REA Group Ltd.		9		1,344
Rio Tinto Ltd.		12,980		1,019,162
Rio Tinto PLC		721		46,634
				1,132,083
Austria—0.0%^†
ANDRITZ AG		577		34,740
OMV AG		494		20,473
Raiffeisen Bank International AG		2,091		37,506
Verbund AG		228		18,650
				111,369
Belgium—0.0%^†
Ackermans & van Haaren NV		30		6,092
Groupe Bruxelles Lambert NV		15		1,080
KBC Group NV		18		1,306
				8,478
Bermuda—0.0%^†
Hamilton Insurance Group Ltd., Class B^*,1		4,052		70,586
Teekay Corp. Ltd.^*		1,030		8,621
				79,207
Brazil—0.0%^†
Yara International ASA		226		6,796

Canada—7.1%
ADENTRA, Inc.¹		10,720		295,573
Advantage Energy Ltd.^*,1		56,720		354,818
Ag Growth International, Inc.¹		3,720		131,877
Alamos Gold, Inc., Class A¹		9,460		190,903
Aritzia, Inc.^*,1		3,670		118,164
AtkinsRealis Group, Inc.¹		12,590		605,832
Barrick Gold Corp.		21,000		405,868
Black Diamond Group Ltd.		145,400		945,071
Boardwalk Real Estate Investment Trust¹		3,770		195,763
Boralex, Inc., Class A		533		12,812
Brookfield Business Partners LP¹		71,938		1,601,340
Brookfield Corp.¹		19,570		1,037,210
Brookfield Infrastructure Partners LP¹		56,995		1,951,509
Canadian Imperial Bank of Commerce		6,900		431,687
Canadian Pacific Kansas City Ltd.¹		5,490		423,608
CCL Industries, Inc., Class B¹		8,200		478,331
Celestica, Inc.^*		700		47,902
Cenovus Energy, Inc.		17,000		273,372

PACE Alternative Strategies Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks—(continued)
Canada—(continued)
Centerra Gold, Inc.		27,400	$	193,641
Chartwell Retirement Residences¹		240,948		2,708,253
Colliers International Group, Inc.¹		6,210		947,894
Computer Modelling Group Ltd.¹		13,300		109,277
Coveo Solutions, Inc.^*		50,780		191,471
Denison Mines Corp.^*		13,442		28,287
Descartes Systems Group, Inc.^*,1		2,570		267,100
DREAM Unlimited Corp., Class A¹		18,650		383,756
Dundee Precious Metals, Inc.¹		25,300		257,297
Element Fleet Management Corp.¹		26,470		541,624
Enerflex Ltd.¹		78,530		518,890
European Residential Real Estate Investment Trust¹		270,820		595,187
Fairfax Financial Holdings Ltd.¹		361		448,609
FirstService Corp.¹		940		174,060
Gildan Activewear, Inc.		36		1,762
Hammond Power Solutions, Inc.¹		1,730		149,933
Headwater Exploration, Inc.¹		72,730		358,335
Hydro One Ltd.²		98		3,155
Kelt Exploration Ltd.^*,1		60,910		285,663
Killam Apartment Real Estate Investment Trust¹		10,960		147,199
Kinross Gold Corp.¹		12,690		127,915
Kinross Gold Corp.		84,500		852,677
Open Text Corp.		9,400		281,929
Pan American Silver Corp.		69		1,615
Parkit Enterprise, Inc.^*		271,038		130,424
Parkland Corp.		1,059		24,643
Pason Systems, Inc.¹		74,460		720,348
Power Corp. of Canada		18,200		575,273
RB Global, Inc.¹		15,730		1,332,960
Rogers Communications, Inc., Class B¹		17,530		636,690
Royal Bank of Canada		208		25,155
Shopify, Inc., Class A^*		121		9,466
Suncor Energy, Inc.¹		14,870		561,640
TECSYS, Inc.		10,370		298,658
Teekay Tankers Ltd., Class A		160		7,629
TELUS Corp.		70		1,107
TerraVest Industries, Inc.¹		2,695		193,035
Toronto-Dominion Bank		121		6,689
West Fraser Timber Co. Ltd.		313		28,269
West Fraser Timber Co. Ltd.¹		1,880		169,952
				23,799,107
Cayman Islands—0.0%^†
Patria Investments Ltd., Class A		818		9,522

China—0.3%
BOC Hong Kong Holdings Ltd.		87,000		284,252

PACE Alternative Strategies Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks—(continued)
China—(continued)
NXP Semiconductors NV¹		3,345	$	784,402
				1,068,654
Denmark—0.3%
AP Moller - Maersk AS, Class B		198		311,822
Bavarian Nordic AS^*		1,112		34,814
DSV AS		155		33,689
ISS AS		624		11,984
Jyske Bank AS, Registered Shares		128		8,926
Netcompany Group AS^*,2		348		16,543
NKT AS^*		375		34,997
Novo Nordisk AS, Class B		646		71,884
Rockwool AS, Class B		754		324,788
Sydbank AS		101		4,801
				854,248
Faeroe Islands—0.0%^†
Bakkafrost P		225		13,510

Finland—0.1%
Cargotec OYJ, Class B		691		41,776
Fortum OYJ		2,536		37,323
Kemira OYJ		1,159		24,609
Konecranes OYJ		410		28,253
Neste OYJ		48		766
Nokia OYJ		8,425		39,635
Nordea Bank Abp		119		1,393
Valmet OYJ		116		2,966
Wartsila OYJ Abp		3,737		71,177
				247,898
France—0.8%
Amundi SA²		165		11,935
Arkema SA		10		874
AXA SA		80		3,004
Carrefour SA		52,720		833,527
Cie de Saint-Gobain SA		136		12,276
Cie Generale des Etablissements Michelin SCA		821		27,729
Coface SA		88		1,419
Dassault Aviation SA		6		1,209
Dassault Systemes SE		45		1,540
Engie SA		52,143		874,316
Hermes International SCA		11		24,816
Ipsen SA		268		32,621
La Francaise des Jeux SAEM²		311		13,248
LVMH Moet Hennessy Louis Vuitton SE		27		17,909
Nexans SA		64		8,876
Rexel SA		443		12,134
Rubis SCA		16,502		403,517
SCOR SE		40		859

PACE Alternative Strategies Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks—(continued)
France—(continued)
Sodexo SA		246	$	21,353
TotalEnergies SE		400		24,975
Vallourec SACA^*		1,322		21,642
Veolia Environnement SA		794		25,193
Vivendi SE		13,216		140,796
Wendel SE		268		26,586
				2,542,354
Germany—0.6%
adidas AG		6		1,432
Bayer AG, Registered Shares		38		1,025
Bayerische Motoren Werke AG		2,732		214,916
Deutsche Bank AG, Registered Shares		50,473		857,789
Deutsche Boerse AG		43		9,995
Deutsche Lufthansa AG, Registered Shares		436		3,017
Deutsche Telekom AG, Registered Shares		406		12,286
E.ON SE		69		932
Evonik Industries AG		17,054		375,276
Freenet AG		1,106		32,843
Fresenius SE & Co. KGaA^*		726		26,471
GEA Group AG		534		26,301
Hannover Rueck SE		22		5,779
Heidelberg Materials AG		362		39,849
HOCHTIEF AG		99		12,104
Mercedes-Benz Group AG		425		25,750
Rheinmetall AG		80		41,178
RWE AG		111		3,594
SAP SE		103		24,066
Siemens AG, Registered Shares		818		158,737
TAG Immobilien AG^*		1,571		26,094
Talanx AG		412		31,797
Zalando SE^*,2		850		25,537
				1,956,768
Hong Kong—0.4%
Swire Pacific Ltd., Class A		67,000		563,210
WH Group Ltd.²		881,000		686,750
Yue Yuen Industrial Holdings Ltd.		27,000		56,819
				1,306,779
Ireland—0.2%
Accenture PLC, Class A		67		23,103
AerCap Holdings NV		5,120		478,976
AIB Group PLC		4,219		22,460
Ardmore Shipping Corp.		798		11,260
Bank of Ireland Group PLC		1,549		14,258
Glanbia PLC		1,459		24,202
Kingspan Group PLC		317		27,809
				602,068

PACE Alternative Strategies Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks—(continued)
Israel—0.3%
Check Point Software Technologies Ltd.^*,1		5,149	$	891,858
Sapiens International Corp. NV		252		9,294
				901,152
Italy—0.2%
A2A SpA		5,299		12,104
Azimut Holding SpA		941		23,297
Banca Monte dei Paschi di Siena SpA		4,680		25,616
BPER Banca SpA		2,562		15,606
Brunello Cucinelli SpA		143		14,124
Buzzi SpA		930		36,398
Enel SpA		44,149		334,721
Eni SpA		12,803		195,138
Generali		942		26,180
Hera SpA		9,952		38,105
Intesa Sanpaolo SpA		1,030		4,411
Unipol Gruppo SpA		500		6,216
				731,916
Japan—1.6%
Capcom Co. Ltd.		73		1,471
Central Japan Railway Co.		3,200		67,142
Chubu Electric Power Co., Inc.		6,600		76,234
Daikin Industries Ltd.		259		31,791
Daiseki Co. Ltd.		564		14,532
ENEOS Holdings, Inc.		59,000		301,485
Hitachi Ltd.		19,972		515,797
Hoya Corp.		335		45,695
Idemitsu Kosan Co. Ltd.		118,000		813,124
ITOCHU Corp.		304		15,312
Itochu Enex Co. Ltd.		3,240		34,225
Konami Group Corp.		47		4,358
Mitsubishi Electric Corp.		9,460		148,649
Mitsubishi UFJ Financial Group, Inc.		2,696		28,896
Mitsui & Co. Ltd.		667		13,881
Modec, Inc.		6,000		133,474
MS&AD Insurance Group Holdings, Inc.		35,680		807,579
Nintendo Co. Ltd.		144		7,719
Niterra Co. Ltd.		346		9,997
Osaka Gas Co. Ltd.		51,700		1,116,753
Panasonic Holdings Corp.		166		1,353
Recruit Holdings Co. Ltd.		634		39,778
Sony Group Corp.		1,275		22,854
Square Enix Holdings Co. Ltd.		33		1,297
Subaru Corp.		8,300		151,945
Sumitomo Corp.		26,200		559,556
Sumitomo Electric Industries Ltd.		11,400		178,758
Tokio Marine Holdings, Inc.		261		9,565
Toyota Tsusho Corp.		680		11,829

PACE Alternative Strategies Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks—(continued)
Japan—(continued)
Unicharm Corp.		1,094	$	35,360
				5,200,409
Jordan—0.0%^†
Hikma Pharmaceuticals PLC		1,072		25,641

Luxembourg—0.0%^†
ArcelorMittal SA		39		962

Malta—0.0%^†
Gambling.com Group Ltd.^*		315		3,033

Monaco—0.0%^†
Scorpio Tankers, Inc.		173		10,081

Netherlands—0.0%^†
ABN AMRO Bank NV²		1,585		26,189
Adyen NV^*,2		1		1,530
BE Semiconductor Industries NV		81		8,629
EXOR NV		248		26,221
Koninklijke Ahold Delhaize NV		769		25,353
Koninklijke KPN NV		3,021		11,807
Wolters Kluwer NV		43		7,236
				106,965
Norway—0.6%
Aker Solutions ASA		2,811		13,352
Mowi ASA		1,538		26,432
Norsk Hydro ASA		142		874
Salmar ASA		41		2,080
Schibsted ASA, Class A		41		1,380
Seadrill Ltd.^*		50,643		1,992,802
Telenor ASA		987		12,122
TOMRA Systems ASA		97		1,383
Var Energi ASA		3,754		11,791
Wallenius Wilhelmsen ASA		7,400		72,788
				2,135,004
Singapore—0.2%
STMicroelectronics NV		18,772		509,472

Spain—0.3%
ACS Actividades de Construccion y Servicios SA		65		3,111
Aena SME SA²		4,080		900,918
Amadeus IT Group SA		477		34,556
Banco Santander SA		10,352		50,582
CaixaBank SA		283		1,721
Cellnex Telecom SA^*,2		1,006		36,877
EDP Renovaveis SA		146		1,966
Iberdrola SA		2,733		40,564
Telefonica SA		4,368		20,497
				1,090,792
Sweden—0.7%
Assa Abloy AB, Class B		242		7,561
Atlas Copco AB, Class A		505		8,314

PACE Alternative Strategies Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks—(continued)
Sweden—(continued)
Atlas Copco AB, Class B		96	$	1,392
Avanza Bank Holding AB		1,352		28,120
Billerud Aktiebolag		1,371		12,141
Boliden AB		291		9,035
Castellum AB^*		1,248		15,561
EQT AB		474		13,747
Essity AB, Class B		8,192		231,277
H & M Hennes & Mauritz AB, Class B		1,427		21,195
Nibe Industrier AB, Class B		164		792
Saab AB, Class B		1,761		36,213
Securitas AB, Class B		37,609		441,232
SKF AB, Class B		331		6,254
Telefonaktiebolaget LM Ericsson, Class B		3,206		26,774
Telia Co. AB		91,304		265,311
Volvo AB, Class B		35,065		910,642
Volvo AB, Class A		6,785		177,672
				2,213,233
Switzerland—0.2%
Adecco Group AG, Registered Shares		16,298		510,710
DKSH Holding AG		361		25,793
Kuehne & Nagel International AG, Registered Shares		3		749
Logitech International SA, Registered Shares		314		25,730
Novartis AG, Registered Shares		235		25,526
Schindler Holding AG		367		106,843
Swiss Life Holding AG, Registered Shares		10		8,157
Swisscom AG, Registered Shares		10		6,091
Zurich Insurance Group AG		26		15,379
				724,978
Taiwan—0.0%^†
Taiwan Semiconductor Manufacturing Co. Ltd., ADR		182		34,678

Thailand—0.0%^†
Fabrinet^*		38		9,157

United Kingdom—0.5%
Ashtead Group PLC		17		1,269
AstraZeneca PLC		253		36,022
Auto Trader Group PLC²		128		1,385
Balfour Beatty PLC		4,663		26,744
Barclays PLC		115,301		353,103
Big Yellow Group PLC		135		2,103
BT Group PLC		6,531		11,643
Compass Group PLC		67		2,173
Computacenter PLC		890		25,133
Drax Group PLC		4,681		37,604

PACE Alternative Strategies Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks—(continued)
United Kingdom—(continued)
easyJet PLC		1,843	$	12,139
Future PLC		1,171		13,250
Grafton Group PLC		1,990		25,701
Hiscox Ltd.		1,116		15,570
HSBC Holdings PLC		2,751		25,246
IG Group Holdings PLC		3,266		37,692
Inchcape PLC		3,313		30,587
Intermediate Capital Group PLC		55		1,462
Intertek Group PLC		22		1,319
ITV PLC		32,799		31,254
J Sainsbury PLC		36,649		125,798
JD Sports Fashion PLC		19,706		31,508
Johnson Matthey PLC		338		6,485
Kingfisher PLC		9,593		36,181
Legal & General Group PLC		9,134		25,570
London Stock Exchange Group PLC		95		12,881
M&G PLC		10,918		27,305
Marks & Spencer Group PLC		7,462		36,159
National Grid PLC		1,740		21,902
Pets at Home Group PLC		288		1,100
Phoenix Group Holdings PLC		4,902		31,048
QinetiQ Group PLC		1,827		10,813
Reckitt Benckiser Group PLC		92		5,557
RELX PLC		267		12,256
Rightmove PLC		160		1,215
Safestore Holdings PLC		91		949
Segro PLC		1,633		16,534
Serco Group PLC		11,313		25,543
Smiths Group PLC		952		18,769
Softcat PLC		68		1,486
SSE PLC		1,615		36,672
St. James's Place PLC		591		6,196
Standard Chartered PLC		25,488		295,921
Tate & Lyle PLC		2,344		22,669
Tesco PLC		13,248		58,457
UNITE Group PLC		89		1,005
Vodafone Group PLC		225,799		209,691
				1,771,069
United States—29.8%
3M Co.		5,971		767,094
A.O. Smith Corp.		111		8,336
A10 Networks, Inc.		650		9,523
AAON, Inc.		85		9,709
AbbVie, Inc.		172		35,066
Abercrombie & Fitch Co., Class A^*		63		8,303
ABIOMED, Inc.^*,3		42		74
Acuity Brands, Inc.		31		9,321
ADMA Biologics, Inc.^*,1		2,079		33,908
Adobe, Inc.^*		48		22,948

PACE Alternative Strategies Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks—(continued)
United States—(continued)
AECOM		82	$	8,758
AeroVironment, Inc.^*		9		1,935
AES Corp.		5,985		98,693
Agilysys, Inc.^*		84		8,403
Airbnb, Inc., Class A^*		155		20,892
Akamai Technologies, Inc.^*,1		4,321		436,767
Align Technology, Inc.^*		39		7,996
Alkermes PLC^*		331		8,507
Alliant Energy Corp.		199		11,940
Allstate Corp.¹		6,288		1,172,838
Alphabet, Inc., Class C¹		6,056		1,045,811
Alphabet, Inc., Class A¹		6,487		1,109,991
Amazon.com, Inc.^*,1		2,634		490,978
AMC Networks, Inc., Class A^*,1		11,866		96,115
Amdocs Ltd.		13		1,141
Amentum Holdings, Inc.^*		141		4,193
Ameren Corp.		65		5,662
American Electric Power Co., Inc.		470		46,412
American Tower Corp.¹		5,307		1,133,257
American Water Works Co., Inc.		250		34,527
AMETEK, Inc.		263		48,218
Amgen, Inc.		78		24,972
Amphenol Corp., Class A		53		3,552
ANSYS, Inc.^*		64		20,506
Anterix, Inc.^*		5,890		191,307
Aon PLC, Class A		13		4,769
APA Corp.		42,798		1,010,033
Apogee Enterprises, Inc.		124		9,280
Apollo Global Management, Inc.		406		58,164
Appfolio, Inc., Class A^*		42		8,731
Apple, Inc.¹		6,462		1,459,830
Applied Industrial Technologies, Inc.		27		6,253
Applied Materials, Inc.¹		2,496		453,224
AptarGroup, Inc.		256		42,985
Aptiv PLC^*		1,154		65,582
Arch Capital Group Ltd.^*		119		11,729
Arcosa, Inc.		101		9,458
Argan, Inc.		84		11,091
Array Technologies, Inc.^*		10,159		66,338
Arthur J Gallagher & Co.		126		35,431
Artisan Partners Asset Management, Inc., Class A		212		9,349
AT&T, Inc.¹		85,291		1,922,459
Atkore, Inc.		106		9,091
Autodesk, Inc.^*		26		7,379
Automatic Data Processing, Inc.		38		10,991
AvalonBay Communities, Inc.		28		6,205
Axcelis Technologies, Inc.^*		95		8,104
Badger Meter, Inc.		43		8,602

PACE Alternative Strategies Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks—(continued)
United States—(continued)
Baker Hughes Co.		1,224	$	46,610
Bank of America Corp.¹		6,998		292,656
Bank of New York Mellon Corp.¹		16,504		1,243,741
Bel Fuse, Inc., Class B		114		8,598
Bel Fuse, Inc., Class A		31		3,142
BellRing Brands, Inc.^*		462		30,413
Berkshire Hathaway, Inc., Class B^*		160		72,147
Blackrock, Inc.		35		34,336
Blue Bird Corp.^*		200		8,422
Boeing Co.^*		3,379		504,518
Boise Cascade Co.		66		8,780
Booking Holdings, Inc.¹		57		266,546
Booz Allen Hamilton Holding Corp.		9		1,635
Boston Scientific Corp.^*		352		29,575
Box, Inc., Class A^*		287		9,115
Bristol-Myers Squibb Co.		307		17,121
Broadcom, Inc.		596		101,183
Broadridge Financial Solutions, Inc.		123		25,936
Buckle, Inc.		213		9,065
Build-A-Bear Workshop, Inc.		265		10,094
Builders FirstSource, Inc.^*,1		890		152,546
Burlington Stores, Inc.^*,1		510		126,363
Cable One, Inc.		2,433		831,015
Cabot Corp.		55		5,931
Cactus, Inc., Class A		148		8,775
Cadence Design Systems, Inc.^*		88		24,299
Cal-Maine Foods, Inc.		110		9,656
Cardinal Health, Inc.		846		91,808
Carlisle Cos., Inc.¹		1,789		755,369
Carrier Global Corp.		4,327		314,659
Carvana Co.^*,1		6,320		1,562,999
Catalyst Pharmaceuticals, Inc.^*		452		9,854
Cavco Industries, Inc.^*		21		8,606
Cboe Global Markets, Inc.		44		9,397
Celsius Holdings, Inc.^*		584		17,567
Cencora, Inc.¹		3,385		772,051
Centene Corp.^*,1		1,572		97,873
Central Garden & Pet Co.^*,1		4,597		157,677
CH Robinson Worldwide, Inc.¹		3,150		324,576
Champion Homes, Inc.^*		99		8,735
Chemed Corp.		15		8,104
Chipotle Mexican Grill, Inc.^*,1		3,451		192,462
Chubb Ltd.		155		43,778
Church & Dwight Co., Inc.		433		43,261
Cigna Group		176		55,407
Cirrus Logic, Inc.^*,1		3,183		349,557
Citigroup, Inc.¹		12,437		798,082
CME Group, Inc.		61		13,747
CNX Resources Corp.^*		881		29,980

PACE Alternative Strategies Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks—(continued)
United States—(continued)
Cognizant Technology Solutions Corp., Class A		121	$	9,025
Cohen & Steers, Inc.		94		9,284
Colgate-Palmolive Co.		50		4,686
Columbia Sportswear Co.		114		9,174
Comcast Corp., Class A¹		21,912		956,897
Comfort Systems USA, Inc.		59		23,071
CommVault Systems, Inc.^*		62		9,684
Consolidated Edison, Inc.		93		9,456
Consolidated Water Co. Ltd.		364		8,649
Constellation Energy Corp.		4,720		1,241,171
Construction Partners, Inc., Class A^*		142		11,180
Corcept Therapeutics, Inc.^*		203		9,941
Corebridge Financial, Inc.¹		28,679		911,132
Corpay, Inc.^*		40		13,189
CorVel Corp.^*		30		8,935
Costco Wholesale Corp.		68		59,444
Crane Co.		224		35,231
CRH PLC¹		27,890		2,661,543
Cricut, Inc., Class A		939		6,179
Crocs, Inc.^*		65		7,008
CSL Ltd.		199		37,580
CSW Industrials, Inc.		25		8,828
CVS Health Corp.		265		14,962
Dave, Inc.^*		218		8,406
DaVita, Inc.^*,1		905		126,528
Deckers Outdoor Corp.^*,1		460		74,009
Devon Energy Corp.		149		5,763
Diamond Hill Investment Group, Inc.		59		8,904
Dillard's, Inc., Class A		24		8,916
DNOW, Inc.^*		732		8,660
DocuSign, Inc.^*		144		9,991
Dolby Laboratories, Inc., Class A		124		9,040
Dollar Tree, Inc.^*		40,289		2,604,281
Dominion Energy, Inc.¹		7,850		467,310
Domino's Pizza, Inc.¹		506		209,347
Donaldson Co., Inc.		126		9,218
Donnelley Financial Solutions, Inc.^*		47		2,742
Dorian LPG Ltd.¹		3,282		94,686
Dow, Inc.		67		3,308
Doximity, Inc., Class A^*		218		9,099
DR Horton, Inc.		253		42,757
Dropbox, Inc., Class A^*		361		9,332
Duke Energy Corp.		134		15,446
Eagle Materials, Inc.		21		5,995
Eastman Chemical Co.¹		5,914		621,502
Eaton Corp. PLC		16		5,305
eBay, Inc.¹		7,136		410,391
Edison International		6,109		503,382

PACE Alternative Strategies Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks—(continued)
United States—(continued)
Edwards Lifesciences Corp.^*		297	$	19,902
Elevance Health, Inc.		144		58,429
Eli Lilly & Co.		137		113,674
EMCOR Group, Inc.¹		1,962		875,189
Emerson Electric Co.		34		3,681
Energy Fuels, Inc.^*		3,783		22,850
Energy Recovery, Inc.^*		517		9,234
Ennis, Inc.		273		5,558
Enovix Corp.^*		29,121		262,235
Enphase Energy, Inc.^*		2,812		233,508
Entergy Corp.		3,158		488,795
EPAM Systems, Inc.^*		47		8,867
ePlus, Inc.^*		94		8,361
Equifax, Inc.¹		272		72,085
Equinix, Inc.		51		46,312
Essent Group Ltd.		146		8,761
Estee Lauder Cos., Inc., Class A		14		965
Evercore, Inc., Class A		23		6,076
Evergy, Inc.		156		9,429
Eversource Energy		95		6,256
Exelixis, Inc.^*		340		11,288
Expeditors International of Washington, Inc.¹		5,164		614,516
Experian PLC		88		4,286
Exponent, Inc.		83		7,834
Expro Group Holdings NV^*		535		6,821
F5, Inc.^*		42		9,823
FactSet Research Systems, Inc.		2		908
Fair Isaac Corp.^*		8		15,945
Fastenal Co.		126		9,851
Federal Signal Corp.		102		8,320
FedEx Corp.¹		1,770		484,714
FirstEnergy Corp.		574		24,010
Fiserv, Inc.^*		230		45,517
Flagstar Financial, Inc.		47,704		482,764
Fluence Energy, Inc.^*		7,610		165,517
Fluor Corp.^*		239		12,495
FormFactor, Inc.^*		206		7,824
Franklin Covey Co.^*		75		2,986
Franklin Electric Co., Inc.		89		8,518
Frontdoor, Inc.^*		124		6,162
FTI Consulting, Inc.^*		42		8,193
FutureFuel Corp.		558		3,370
Garmin Ltd.		55		10,909
GE Vernova, Inc.^*		4,658		1,405,132
Generac Holdings, Inc.^*,1		1,570		259,913
General Electric Co.¹		2,460		422,579
Gentex Corp.		312		9,457
GFL Environmental, Inc.¹		7,230		302,214

PACE Alternative Strategies Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks—(continued)
United States—(continued)
Gibraltar Industries, Inc.^*		133	$	8,976
Gilead Sciences, Inc.¹		1,141		101,344
Global Industrial Co.		92		2,441
Graco, Inc.		108		8,797
GRAIL, Inc.^*		1		14
Grand Canyon Education, Inc.^*		66		9,049
Granite Construction, Inc.		135		11,347
GSK PLC		8,184		146,949
Hackett Group, Inc.		118		2,870
Hamilton Beach Brands Holding Co., Class A		108		2,986
Hamilton Lane, Inc., Class A		35		6,287
Harmony Biosciences Holdings, Inc.^*		258		8,290
Hartford Financial Services Group, Inc.		355		39,206
Hawkins, Inc.		49		5,238
Healthcare Realty Trust, Inc.		67,010		1,151,232
Hecla Mining Co.		232		1,506
Herc Holdings, Inc.		2,033		425,182
Hims & Hers Health, Inc.^*		625		11,769
Holcim AG		770		75,863
Home Depot, Inc.		150		59,062
Houlihan Lokey, Inc.		56		9,675
Hubbell, Inc.		9		3,843
HubSpot, Inc.^*		7		3,884
Hudson Technologies, Inc.^*		1,156		8,867
Humana, Inc.		50		12,891
Huntington Ingalls Industries, Inc.¹		2,110		390,266
IDEXX Laboratories, Inc.^*		19		7,731
IDT Corp., Class B		226		10,606
IES Holdings, Inc.^*		43		9,403
Illumina, Inc.^*		8		1,153
Incyte Corp.^*,1		3,881		287,660
Ingersoll Rand, Inc.		377		36,192
Inmode Ltd.^*		561		9,582
Innospec, Inc.		83		8,946
Insulet Corp.^*		70		16,207
Interactive Brokers Group, Inc., Class A		220		33,568
InterDigital, Inc.		63		9,478
International Business Machines Corp.¹		701		144,911
Intuit, Inc.		37		22,581
Investors Title Co.		41		9,482
iRadimed Corp.		63		3,104
ITT, Inc.		41		5,745
Jack Henry & Associates, Inc.		52		9,460
Jackson Financial, Inc., Class A¹		113		11,294
Jacobs Solutions, Inc.		65		9,138

PACE Alternative Strategies Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks—(continued)
United States—(continued)
Janus Henderson Group PLC		155	$	6,403
John B Sanfilippo & Son, Inc.		99		8,168
Johnson & Johnson		271		43,322
Johnson Controls International PLC		4,463		337,180
JPMorgan Chase & Co.		507		112,513
Karat Packaging, Inc.		120		3,204
KB Home		419		32,891
KBR, Inc.		146		9,783
Kelly Services, Inc., Class A¹		4,636		92,674
Kforce, Inc.		161		9,304
Kimco Realty Corp.		75,166		1,782,938
Kinsale Capital Group, Inc.		21		8,990
KLA Corp.¹		334		222,521
Kontoor Brands, Inc.		116		9,933
Kraft Heinz Co.¹		29,769		996,071
Kroger Co.		213		11,879
Kronos Worldwide, Inc.¹		8,561		98,794
Lam Research Corp.		380		28,253
Lancaster Colony Corp.		52		9,027
Landstar System, Inc.		51		8,964
Lantheus Holdings, Inc.^*		84		9,227
Las Vegas Sands Corp.		35,144		1,822,216
Lattice Semiconductor Corp.^*		177		8,967
Leidos Holdings, Inc.¹		1,601		293,239
LeMaitre Vascular, Inc.		103		9,104
Lennar Corp., Class A¹		1,483		252,555
Lennar Corp., Class B		54		8,657
Lennox International, Inc.		10		6,026
LGI Homes, Inc.^*		71		7,211
Lifeway Foods, Inc.^*		375		9,979
Lincoln Electric Holdings, Inc.		47		9,050
Lincoln National Corp.¹		16,211		563,332
Logility Supply Chain Solutions, Inc.		283		2,986
Louisiana-Pacific Corp.		87		8,604
Lowe's Cos., Inc.		122		31,943
Lululemon Athletica, Inc.^*		68		20,257
Magnolia Oil & Gas Corp., Class A		350		8,848
Manhattan Associates, Inc.^*		32		8,428
MarketAxess Holdings, Inc.		34		9,840
Marqeta, Inc., Class A^*		146,935		831,652
Marsh & McLennan Cos., Inc.		48		10,476
Masco Corp.¹		3,195		255,312
MasTec, Inc.^*		7,365		905,085
Mastercard, Inc., Class A		122		60,950
Match Group, Inc.^*		36,322		1,308,682
McDonald's Corp.		70		20,448
McKesson Corp.		243		121,643
MDA Space Ltd.^*,1		25,230		385,965
Medifast, Inc.^*		501		9,208

PACE Alternative Strategies Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks—(continued)
United States—(continued)
Medpace Holdings, Inc.^*		27	$	8,484
Merck & Co., Inc.¹		12,329		1,261,503
Meritage Homes Corp.		42		7,610
Meta Platforms, Inc., Class A¹		2,200		1,248,676
Mettler-Toledo International, Inc.^*		16		20,668
MGIC Investment Corp.		363		9,090
Microchip Technology, Inc.		88		6,457
Micron Technology, Inc.		334		33,283
Microsoft Corp.¹		3,473		1,411,254
Miller Industries, Inc.¹		2,313		151,825
MiMedx Group, Inc.^*		1,587		10,871
MKS Instruments, Inc.¹		561		55,724
Molina Healthcare, Inc.^*		85		27,304
Molson Coors Beverage Co., Class B¹		8,297		451,938
Monolithic Power Systems, Inc.		9		6,834
Monster Beverage Corp.^*		24		1,264
Morgan Stanley		81		9,416
MSCI, Inc.		17		9,710
Mueller Industries, Inc.		128		10,492
Murphy USA, Inc.		21		10,257
Napco Security Technologies, Inc.		228		8,773
National CineMedia, Inc.^*		1,365		9,814
National Research Corp.		140		2,538
Nestle SA, Registered Shares		635		59,989
Netflix, Inc.^*		55		41,582
Neurocrine Biosciences, Inc.^*,1		3,806		457,748
New York Times Co., Class A		168		9,381
Newmont Corp.		509		23,129
NextEra Energy, Inc.		6,903		547,063
NEXTracker, Inc., Class A^*		263		10,473
NIKE, Inc., Class B		80		6,170
NMI Holdings, Inc.^*		228		8,819
Northern Trust Corp.¹		7,260		729,775
Novanta, Inc.^*		7		1,192
NRG Energy, Inc.¹		6,465		584,436
NVE Corp.		39		2,939
nVent Electric PLC		101		7,532
NVIDIA Corp.¹		13,493		1,791,331
NVR, Inc.^*		4		36,611
Okta, Inc.^*		13		935
Old Dominion Freight Line, Inc.		48		9,663
Omega Flex, Inc.		61		3,118
Omnicom Group, Inc.		13		1,313
ON Semiconductor Corp.^*		21,804		1,536,964
Onto Innovation, Inc.^*		45		8,925
Oracle Corp.		299		50,184
OraSure Technologies, Inc.^*		1,496		6,081
Outfront Media, Inc.¹		14,425		256,188
Owens Corning¹		2,578		455,765

PACE Alternative Strategies Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks—(continued)
United States—(continued)
PACCAR, Inc.¹		11,538	$	1,203,183
Palantir Technologies, Inc., Class A^*		232		9,642
Palo Alto Networks, Inc.^*		31		11,170
Park Hotels & Resorts, Inc.¹		1,351		18,765
Parker-Hannifin Corp.¹		830		526,278
Paychex, Inc.		94		13,097
Paycom Software, Inc.		55		11,497
PayPal Holdings, Inc.^*		105		8,327
PC Connection, Inc.		125		7,956
Pegasystems, Inc.¹		3,962		314,741
Penn Entertainment, Inc.^*		98,260		1,940,635
Perdoceo Education Corp.		432		9,655
PG&E Corp.		27,392		553,866
Photronics, Inc.^*,1		11,154		254,311
Pinnacle West Capital Corp.		219		19,230
Piper Sandler Cos.		32		9,076
PJT Partners, Inc., Class A		43		5,975
Powell Industries, Inc.		37		9,434
PPL Corp.		14,477		471,371
Primoris Services Corp.		96		6,012
Procter & Gamble Co.		494		81,599
Progressive Corp.		57		13,841
Progyny, Inc.^*		558		8,398
Prologis, Inc.		250		28,235
PTC, Inc.^*		7		1,297
Public Service Enterprise Group, Inc.		146		13,054
Public Storage		21		6,910
PulteGroup, Inc.¹		2,389		309,447
QUALCOMM, Inc.¹		4,806		782,273
Qualys, Inc.^*		74		8,824
Quanta Services, Inc.		2,048		617,738
Rambus, Inc.^*		228		10,903
Red Violet, Inc.^*		107		3,219
Reliance, Inc.		32		9,163
ReposiTrak, Inc.		158		3,042
Republic Services, Inc.		107		21,186
ResMed, Inc.		39		9,456
REX American Resources Corp.^*		202		9,035
RH^*		7,933		2,523,091
Rhythm Pharmaceuticals, Inc.^*		179		8,544
RLI Corp.		39		6,083
Robert Half, Inc.		138		9,399
Roche Holding AG		64		19,855
Roche Holding AG		514		174,518
Rollins, Inc.		186		8,768
Roper Technologies, Inc.		27		14,519
Royal Gold, Inc.		123		17,965
Royalty Pharma PLC, Class A¹		1,075		29,025
RPC, Inc.		1,369		7,776

PACE Alternative Strategies Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks—(continued)
United States—(continued)
S&P Global, Inc.		70	$	33,625
Salesforce, Inc.		132		38,461
Sanofi SA		109		11,514
SBA Communications Corp.¹		2,637		605,112
Schlumberger NV		826		33,098
Schneider Electric SE		240		61,923
SEI Investments Co.		131		9,794
Sempra		348		29,013
ServiceNow, Inc.^*		53		49,448
Shake Shack, Inc., Class A^*		14,668		1,784,656
Sherwin-Williams Co.		132		47,358
Shutterstock, Inc.¹		8,465		271,642
SIGA Technologies, Inc.¹		4,581		33,075
Simply Good Foods Co.^*		35		1,178
Skyworks Solutions, Inc.¹		1,108		97,039
Snap-on, Inc.		31		10,234
Southern Co.		105		9,558
Southwest Airlines Co.		16,278		497,781
Spotify Technology SA^*		16		6,162
Sprouts Farmers Market, Inc.^*		298		38,272
SPS Commerce, Inc.^*		48		7,920
Starbucks Corp.		351		34,293
Sterling Infrastructure, Inc.^*		155		23,940
Steven Madden Ltd.		194		8,724
Structure Therapeutics, Inc., ADR^*		305		12,551
Sunnova Energy International, Inc.^*		18,739		113,746
Super Micro Computer, Inc.^*		50		1,456
Swiss Re AG		23		2,947
T. Rowe Price Group, Inc.		85		9,338
Tactile Systems Technology, Inc.^*		648		9,402
Take-Two Interactive Software, Inc.^*		174		28,139
Target Hospitality Corp.^*		1,138		8,489
Taylor Devices, Inc.^*		51		2,398
Taylor Morrison Home Corp.^*		270		18,495
Tecnoglass, Inc.		131		8,977
Teledyne Technologies, Inc.^*		7		3,187
Teradyne, Inc.		72		7,647
Tesla, Inc.^*		223		55,717
Tetra Tech, Inc.		257		12,562
Texas Pacific Land Corp.		9		10,494
TG Therapeutics, Inc.^*		402		10,074
TJX Cos., Inc.		358		40,465
TKO Group Holdings, Inc.^*		17,881		2,087,964
T-Mobile U.S., Inc.		34		7,587
Toll Brothers, Inc.		131		19,184
Tradeweb Markets, Inc., Class A		72		9,144
Trane Technologies PLC		164		60,706
TransUnion¹		1,410		142,833
Travelers Cos., Inc.		160		39,350

PACE Alternative Strategies Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks—(continued)
United States—(continued)
Trex Co., Inc.^*		140	$	9,919
Tri Pointe Homes, Inc.^*		352		14,231
Tyler Technologies, Inc.^*		3		1,817
Tyson Foods, Inc., Class A¹		6,149		360,270
U.S. Lime & Minerals, Inc.		94		10,601
Uber Technologies, Inc.^*,1		9,711		699,678
Ubiquiti, Inc.		40		10,628
UFP Industries, Inc.		71		8,686
UFP Technologies, Inc.^*		30		8,010
Ulta Beauty, Inc.^*		24		8,856
Ultra Clean Holdings, Inc.^*,1		3,219		107,676
United Airlines Holdings, Inc.^*		3,106		243,076
United Parcel Service, Inc., Class B		22,876		3,066,757
United Rentals, Inc.¹		1,530		1,243,584
United Therapeutics Corp.^*		26		9,723
UnitedHealth Group, Inc.		182		102,739
Universal Display Corp.		45		8,114
Universal Health Services, Inc., Class B¹		3,215		656,857
USANA Health Sciences, Inc.^*		255		9,420
Utah Medical Products, Inc.		47		2,979
VAALCO Energy, Inc.		999		5,335
Veeva Systems, Inc., Class A^*		44		9,189
VeriSign, Inc.^*		50		8,842
Verisk Analytics, Inc.		13		3,571
Verizon Communications, Inc.¹		66,189		2,788,543
Vertiv Holdings Co., Class A		1,324		144,700
VF Corp.		92,947		1,924,932
Viatris, Inc.¹		90,418		1,048,849
Viking Therapeutics, Inc.^*		208		15,088
Virco Mfg. Corp.		655		9,190
Visa, Inc., Class A		227		65,796
Visteon Corp.^*		101		9,115
Vita Coco Co., Inc.^*		320		9,475
Vital Farms, Inc.^*		877		30,414
Voya Financial, Inc.		280		22,484
Walmart, Inc.		2,168		177,668
Warrior Met Coal, Inc.		153		9,659
Waste Connections, Inc.		191		33,764
Waste Management, Inc.		119		25,686
Watsco, Inc.		18		8,514
Watts Water Technologies, Inc., Class A		45		8,577
WD-40 Co.		36		9,435
WEC Energy Group, Inc.		105		10,031
West Pharmaceutical Services, Inc.		32		9,854
WEX, Inc.^*		85		14,671
Williams-Sonoma, Inc.		3,914		524,985
Winmark Corp.		24		8,949

PACE Alternative Strategies Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares		Value
Common stocks—(continued)
United States—(continued)
Workday, Inc., Class A^*		60	$	14,031
WW Grainger, Inc.		9		9,983
Wynn Resorts Ltd.		10,551		1,013,107
Xcel Energy, Inc.		4,855		324,363
Xerox Holdings Corp.¹		11,312		92,419
XPEL, Inc.^*,2		222		8,563
XPO, Inc.^*,1		3,550		463,381
Yelp, Inc.^*		269		9,184
YETI Holdings, Inc.^*		235		8,274
Ziff Davis, Inc.^*,1		5,747		265,914
Zions Bancorp NA		9,625		501,077
Zoom Video Communications, Inc., Class A^*,1		29,903		2,234,950
				100,175,205
Total common stocks (cost—$140,901,430)				149,382,588

Preferred stocks—0.1%
Germany—0.1%
Bayerische Motoren Werke AG		1,137		83,544
FUCHS SE		588		27,387
Henkel AG & Co. KGaA		1,745		151,053
Total preferred stocks (cost—$265,768)				261,984

Exchange traded funds: 1.1%
iShares GSCI Commodity Dynamic Roll Strategy ETF		89,503		2,352,139
SPDR Gold Shares		4,875		1,235,861
Xtrackers Harvest CSI 300 China A-Shares ETF		5,765		158,192
Total exchange traded funds (cost—$3,674,213)				3,746,192

Investment companies—9.5%
AQR Style Premia Alternative Fund, Class R6		593,919		4,721,653
Carillon Reams Unconstrained Bond Fund, Class I		1,278,154		15,887,455
Virtus AlphaSimplex Managed Futures Strategy Fund, Class I		1,315,999		11,330,753
Total investment companies (cost—$33,599,334)				31,939,861

PACE Alternative Strategies Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of warrants		Value
Warrant: 0.0%^†
Canada—0.0%
Constellation Software, Inc. expires 03/31/40^*,3,4
(cost—$0)		100	$	0

	Face amount		Value
Corporate bonds—6.7%
Israel—0.7%
Nice Ltd.
0.000%, due 09/15/25⁶	$	2,500,000		2,368,450

United States—6.0%
Amyris, Inc.
0.000%, due 11/15/26⁷		525,000		5,906
Dropbox, Inc.
0.000%, due 03/01/26⁶		1,500,000		1,448,627
Pagaya Technologies Ltd.
6.125%, due 10/01/29²		500,000		560,425
Palo Alto Networks, Inc.
0.375%, due 06/01/25		4,000,000		14,445,680
Tandem Diabetes Care, Inc.
1.500%, due 05/01/25		1,000,000		967,677
Transocean, Inc.
4.625%, due 09/30/29		1,800,000		2,676,600
				20,104,915
Total corporate bonds
(cost—$19,870,831)				22,473,365

	Number of shares
Short term investments—34.4%
Investment companies—34.4%
State Street Institutional U.S. Government Money Market Fund, 4.824%⁸
(cost—$115,395,358)		115,395,358	115,395,358

PACE Alternative Strategies Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of contracts		Notional amount		Value
Options Purchased: 0.4%
Call options: 0.3%
2 Year USD SOFR Interest Rate Swap,strike @3.746, expires 12/20/24 (Counterparty: MSCI)		75,540,000	$	283,275,000	$	105,446
Eurex 10 Year Euro BUND Futures,strike @135.500, expires 11/22/24 (Counterparty: MSCI)		29,000		3,929,500		3,470
Eurex Dow Jones EURO STOXX 50 Dividend Futures,strike @130.000, expires 12/20/24 (Counterparty: JPMCB)		23,300		3,029,000		774,784
HKG Hang Seng China Enterprises Index Futures,strike @9,000.000, expires 12/20/24 (Counterparty: JPMCB)		4,700		42,300,000		23,578
HKG Hang Seng Index Futures,strike @23,000.000, expires 11/15/24 (Counterparty: MSCI)		50		1,150,000		431
Three-Month SOFR Futures,strike @96.000, expires 12/13/24 (Counterparty: MSCI)		87,500		8,400,000		1,312
Total						909,021
Put options: 0.1%
E-mini S&P 500 European Style Week 3 Option,strike @5,400.000, expires 12/20/24 (Counterparty: MSCI)		1,700		9,180,000		90,100

PACE Alternative Strategies Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of contracts		Notional amount		Value
Options Purchased—(continued)
EUR/USD vs. Deutsche Boerse AG German Stock Index DAX,strike @18,714.000, expires 12/20/24 (Counterparty: GSI)		75,000	$	1,403,550,000	$	5,304
EUR/USD vs. Deutsche Boerse AG German Stock Index DAX,strike @18,714.000, expires 03/21/25 (Counterparty: GSI)		75,000		1,403,550,000		6,442
EUR/USD vs. S&P 500,strike @6,000.000, expires 01/17/25 (Counterparty: MSCI)		31,000		186,000,000		956
EUR/USD vs. USD/JPY,strike @110.000, expires 12/02/24 (Counterparty: CITI)		44,000		4,840,000		138
FVSA index - Mini-Futures on VSTOXX,strike @17.000, expires 12/18/24 (Counterparty: MSCI)		6,400		108,800		10,268
GBP/USD vs. USD/CHF,strike @13,093.000, expires 12/02/24 (Counterparty: MSCI)		22,000		288,046,000		497
iShares MSCI USA Equal Weighted ETF vs. EUR/USD,strike @2,048.000, expires 01/06/25 (Counterparty: CITI)		209,000		428,032,000		9,395
iShares MSCI USA Equal Weighted ETF vs. EUR/USD,strike @2,048.000, expires 01/15/25 (Counterparty: CITI)		209,000		428,032,000		9,819

PACE Alternative Strategies Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of contracts		Notional amount		Value
Options Purchased—(continued)
iShares MSCI USA Equal Weighted ETF vs. EUR/USD,strike @2,048.000, expires 01/29/25 (Counterparty: CITI)		209,000	$	428,032,000	$	10,882
iShares MSCI USA Equal Weighted ETF vs. EUR/USD,strike @2,048.000, expires 02/12/25 (Counterparty: CITI)		209,000		428,032,000		11,864
iShares MSCI USA Equal Weighted ETF vs. EUR/USD,strike @2,048.000, expires 02/21/25 (Counterparty: CITI)		209,000		428,032,000		12,059
iShares MSCI USA Equal Weighted ETF vs. EUR/USD,strike @21,260.000, expires 03/21/25 (Counterparty: MSCI)		526,000		11,182,760,000		37,128
iShares MSCI USA Equal Weighted ETF vs. EUR/USD,strike @21,260.000, expires 04/04/25 (Counterparty: MSCI)		526,000		11,182,760,000		36,470
iShares MSCI USA Equal Weighted ETF vs. EUR/USD,strike @208.000, expires 05/27/25 (Counterparty: CITI)		209,000		43,472,000		13,771
iShares MSCI USA Equal Weighted ETF vs. EUR/USD,strike @208.000, expires 06/10/25 (Counterparty: CITI)		209,000		43,472,000		13,292

PACE Alternative Strategies Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of contracts		Notional amount		Value
Options Purchased—(continued)
iShares MSCI USA Equal Weighted ETF vs. EUR/USD,strike @208.000, expires 06/24/25 (Counterparty: CITI)		209,000	$	43,472,000	$	13,440
iShares MSCI USA Equal Weighted ETF vs. EUR/USD,strike @208.000, expires 07/08/25 (Counterparty: CITI)		209,000		43,472,000		13,566
iShares MSCI USA Equal Weighted ETF vs. EUR/USD,strike @21,030.000, expires 09/11/25 (Counterparty: MSCI)		522,000		10,977,660,000		34,463
iShares MSCI USA Equal Weighted ETF vs. EUR/USD,strike @21,030.000, expires 09/25/25 (Counterparty: MSCI)		522,000		10,977,660,000		33,330
Lyxor MSCI USA ESG Broad CTB DR UCITS ETF vs. EUR/USD,strike @208.000, expires 07/22/25 (Counterparty: CITI)		209,000		43,472,000		13,179
USD vs. CNY,strike @72,325.000, expires 02/14/25 (Counterparty: MSCI)		52,000		3,760,900,000		1,331
USD/CNY vs. SOFR,strike @74,008.000, expires 09/03/25 (Counterparty: GSI)		176,203		13,040,431,624		9,053
USD/CNY vs. SOFR,strike @74,008.000, expires 10/03/25 (Counterparty: GSI)		176,203		13,040,431,624		9,480

PACE Alternative Strategies Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of contracts		Notional amount		Value
Options Purchased—(continued)
USD/CNY vs. SOFR,strike @74,008.000, expires 11/03/25 (Counterparty: GSI)		176,203	$	13,040,431,624	$	9,975
USD/CNY vs. USD/JPY,strike @705.000, expires 12/16/24 (Counterparty: MSCI)		29,000		20,445,000		342
USD/MXN vs. S&P 500,strike @566,402.000, expires 12/20/24 (Counterparty: MSCI)		62,000		4,116,924,000		5,245
Total						411,789
Total Options Purchased (cost—$836,671)						1,320,810

	Number of contracts		Notional amount		Value
Equity and foreign exchange options purchased—0.7%
Call options—0.2%
Call EURO STOXX 50 Index,strike @5,000.000, expires 12/17/27 (Counterparty: JPMCB)		510		2,550,000		238,155
Call USD vs. Put CNY,strike @7.450, expires 07/17/25 (Counterparty: BOA)		3,130,000		23,318,500		16,407
Call USD vs. Put JPY,strike @171.000, expires 02/14/25 (Counterparty: JPMCB)		168,000		28,728,000		4,001
Call USD vs. Put JPY,strike @175.000, expires 02/24/25 (Counterparty: JPMCB)		5,908,000		1,033,900,000		2,310
Call USD vs. Put TWD,strike @33.500, expires 03/28/25 (Counterparty: JPMCB)		2,353,000		78,825,500		8,287

PACE Alternative Strategies Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of contracts		Notional amount		Value
Equity and foreign exchange options purchased—(continued)
Call options—(continued)
Call USD vs. Put CNY,strike @7.625, expires 12/17/24 (Counterparty: JPMCB)		638,000	$	4,867,940	$	7,338
Call USD vs. Put CNY,strike @7.450, expires 11/27/24 (Counterparty: JPMCB)		2,894,000		21,560,300		1,068
Call USD vs. Put JPY,strike @182.500, expires 06/27/25 (Counterparty: JPMCB)		64,000		11,680,000		1,097
Call AUD vs. Put JPY,strike @115.000, expires 01/02/25 (Counterparty: JPMCB)		50,000		5,750,000		68
Call USD vs. Put JPY,strike @164.000, expires 12/20/24 (Counterparty: JPMCB)		13,000		2,132,000		501
Call EURO STOXX 50 Index,strike @5,250.000, expires 12/20/24 (Counterparty: JPMCB)		680		3,570,000		3,920
Call S&P 500 Index,strike @5,900.000, expires 12/20/24 (Counterparty: JPMCB)		600		3,540,000		38,520
Call S&P 500 Index,strike @6,100.000, expires 12/20/24 (Counterparty: JPMCB)		900		5,490,000		14,760
Call S&P 500 Index,strike @6,300.000, expires 12/20/24 (Counterparty: JPMCB)		1,300		8,190,000		4,420
Call EURO STOXX 50 Index,strike @5,075.000, expires 12/20/24 (Counterparty: JPMCB)		450		2,283,750		12,874

PACE Alternative Strategies Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of contracts		Notional amount		Value
Equity and foreign exchange options purchased—(continued)
Call options—(continued)
Call EURO STOXX 50 Index,strike @5,375.000, expires 12/20/24 (Counterparty: JPMCB)		900	$	4,837,500	$	1,371
Call USD vs. Put CNY,strike @7.700, expires 02/04/25 (Counterparty: JPMCB)		4,474,000		34,449,800		1,700
Call EUR vs. Put USD,strike @1.170, expires 12/20/24 (Counterparty: JPMCB)		88,000		102,960		485
Call USD vs. Put MXN,strike @21.900, expires 12/06/24 (Counterparty: JPMCB)		45,000		985,500		6,115
Call USD vs. Put BRL,strike @6.000, expires 11/07/24 (Counterparty: JPMCB)		717,000		4,302,000		1,877
Call AUD vs. Put USD,strike @0.730, expires 12/23/24 (Counterparty: JPMCB)		103,000		75,190		291
Call AUD vs. Put NZD,strike @1.200, expires 10/06/25 (Counterparty: JPMCB)		325,000		390,000		9,282
Call USD vs. Put CNY,strike @7.150, expires 11/18/24 (Counterparty: JPMCB)		2,275,000		16,266,250		16,976
Call USD vs. Put CNY,strike @7.350, expires 01/27/25 (Counterparty: JPMCB)		2,137,000		15,706,950		6,285
Call NOK vs. Put SEK,strike @1.008, expires 11/13/24 (Counterparty: JPMCB)		307,000		310,070		84
Call USD vs. Put CNY,strike @7.125, expires 11/22/24 (Counterparty: JPMCB)		2,301,000		16,406,130		21,086
Call USD vs. Put CAD,strike @1.388, expires 11/22/24 (Counterparty: JPMCB)		1,148,000		1,595,720		8,670

PACE Alternative Strategies Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of contracts		Notional amount		Value
Equity and foreign exchange options purchased—(continued)
Call options—(continued)
Call USD vs. Put CNY,strike @7.150, expires 12/12/24 (Counterparty: JPMCB)		1,611,000	$	11,518,650	$	13,434
Call USD vs. Put CNY,strike @7.250, expires 11/05/24 (Counterparty: JPMCB)		1,437,000		10,418,250		1
Call USD vs. Put CNY,strike @7.300, expires 07/16/25 (Counterparty: CITI)		781,000		5,701,300		156,172
Call USD vs. Put CAD,strike @1.500, expires 02/21/25 (Counterparty: JPMCB)		181,000		271,500		3,454
Call USD vs. Put SGD,strike @1.334, expires 12/17/24 (Counterparty: JPMCB)		1,158,000		1,540,140		6,245
Call USD vs. Put JPY,strike @159.000, expires 12/12/24 (Counterparty: JPMCB)		44,000		6,996,000		5,234
Call USD vs. Put JPY,strike @158.000, expires 11/06/24 (Counterparty: JPMCB)		1,058,000		167,164,000		180
Call USD vs. Put MXN,strike @21.500, expires 11/22/24 (Counterparty: JPMCB)		46,000		989,000		7,741
Call USD vs. Put CNY,strike @7.200, expires 11/27/24 (Counterparty: JPMCB)		651,000		4,687,200		3,191
Call USD vs. Put SGD,strike @1.385, expires 04/04/25 (Counterparty: JPMCB)		239,000		332,210		18,072
Call EUR vs. Put GBP,strike @0.860, expires 12/13/24 (Counterparty: JPMCB)		49,000		42,140		9,281
Total						650,953

PACE Alternative Strategies Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of contracts		Notional amount		Value
Equity and foreign exchange options purchased—(continued)
Put options—0.5%
Put EURO STOXX 50 Index,strike @5,000.000, expires 12/19/25 (Counterparty: JPMCB)		330	$	1,650,000	$	146,921
Put EURO STOXX 50 Index,strike @4,400.000, expires 12/17/27 (Counterparty: JPMCB)		1,840		8,096,000		725,329
Call INR vs. Put CNY,strike @11.465, expires 06/20/25 (Counterparty: SCB)		46,202,000		529,936,940		24,634
Call JPY vs. Put USD,strike @110.000, expires 12/02/26 (Counterparty: JPMCB)		292,000		32,120,000		11,845
Call JPY vs. Put USD,strike @110.000, expires 12/02/26 (Counterparty: JPMCB)		47,000		5,170,000		1,906
Call TRY vs. Put USD,strike @32.000, expires 01/09/25 (Counterparty: JPMCB)		30,000		960,000		44
Call TRY vs. Put USD,strike @34.500, expires 02/21/25 (Counterparty: JPMCB)		648,000		22,356,000		1,292
Call TRY vs. Put USD,strike @35.000, expires 03/04/25 (Counterparty: JPMCB)		657,000		22,995,000		2,201
Call JPY vs. Put GBP,strike @190.000, expires 11/08/24 (Counterparty: JPMCB)		192,000		36,480,000		19,974
Put Pagaya Technologies Ltd.,strike @6.000, expires 05/16/25 (Counterparty: MSCI)		12,500		75,000		3,125

PACE Alternative Strategies Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of contracts		Notional amount		Value
Equity and foreign exchange options purchased—(continued)
Put options—(continued)
Put Pagaya Technologies Ltd.,strike @5.000, expires 02/21/25 (Counterparty: MSCI)		12,500	$	62,500	$	1,250
Put SPDR S&P 500 ETF Trust,strike @578.000, expires 11/01/24 (Counterparty: WF)		800		462,400		6,864
Put SPDR S&P 500 ETF Trust,strike @569.000, expires 11/04/24 (Counterparty: GS)		1,400		796,600		4,676
Call USD vs. Put EUR,strike @1.080, expires 11/15/24 (Counterparty: JPMCB)		248,000		267,840		92,829
Call USD vs. Put EUR,strike @1.080, expires 11/29/24 (Counterparty: JPMCB)		991,000		1,070,280		367,673
Call USD vs. Put NZD,strike @0.578, expires 11/22/24 (Counterparty: JPMCB)		443,000		256,940		34,130
Call USD vs. Put NZD,strike @0.590, expires 11/29/24 (Counterparty: JPMCB)		597,000		352,230		111,885
Call USD vs. Put EUR,strike @1.050, expires 01/31/25 (Counterparty: JPMCB)		35,000		36,750		4,686
Call JPY vs. Put USD,strike @120.000, expires 09/03/25 (Counterparty: JPMCB)		44,000		5,280,000		1,255
Call JPY vs. Put USD,strike @130.000, expires 12/06/24 (Counterparty: JPMCB)		28,000		3,640,000		61
Call JPY vs. Put USD,strike @120.500, expires 09/09/25 (Counterparty: JPMCB)		176,000		21,208,000		5,448

PACE Alternative Strategies Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of contracts		Notional amount		Value
Equity and foreign exchange options purchased—(continued)
Put options—(continued)
Call JPY vs. Put USD,strike @135.000, expires 12/13/24 (Counterparty: GSI)		15,000	$	2,025,000	$	205
Call USD vs. Put GBP,strike @1.280, expires 01/10/25 (Counterparty: JPMCB)		264,000		337,920		126,491
Call CHF vs. Put EUR,strike @0.910, expires 12/20/24 (Counterparty: JPMCB)		63,000		57,330		6,322
Call JPY vs. Put USD,strike @146.000, expires 11/05/24 (Counterparty: JPMCB)		1,148,000		167,608,000		21
Call CHF vs. Put GBP,strike @1.050, expires 02/14/25 (Counterparty: JPMCB)		55,000		57,750		7,867
Call USD vs. Put GBP,strike @1.220, expires 01/14/25 (Counterparty: JPMCB)		32,000		39,040		3,065
Call USD vs. Put GBP,strike @1.280, expires 11/14/24 (Counterparty: JPMCB)		966,000		1,236,480		7,075
Call USD vs. Put GBP,strike @1.291, expires 11/05/24 (Counterparty: JPMCB)		1,154,000		1,488,660		9,827
Call USD vs. Put EUR,strike @1.078, expires 11/01/24 (Counterparty: JPMCB)		1,008,000		1,088,640		113
Call USD vs. Put EUR,strike @1.080, expires 11/20/24 (Counterparty: JPMCB)		1,001,000		1,081,080		5,746
Call TRY vs. Put EUR,strike @37.000, expires 01/29/25 (Counterparty: JPMCB)		49,000		1,813,000		4,101

PACE Alternative Strategies Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of contracts		Notional amount		Value
Equity and foreign exchange options purchased—(continued)
Put options—(continued)
Call CAD vs. Put USD,strike @1.363, expires 11/27/24 (Counterparty: JPMCB)		3,581,000	$	4,870,160	$	2,786
Call USD vs. Put EUR,strike @1.060, expires 11/27/24 (Counterparty: JPMCB)		716,000		758,960		1,296
Total						1,742,943
Total equity and foreign exchange options purchased (cost—$2,253,607)						2,393,896
Total Investments before Investments Sold Short (cost—$316,797,212)—97.4%						326,914,054

	Number of shares
Investments sold short—(22.6%)
Common stocks—(19.5%)
Australia—(0.3%)
De Grey Mining Ltd.		(419,698	)	(421,210	)
Liontown Resources Ltd.		(467,334	)	(253,731	)
Lynas Rare Earths Ltd.		(59,588	)	(298,033	)
Washington H Soul Pattinson & Co. Ltd.		(9,786	)	(215,552	)
				(1,188,526	)
Canada—(3.0%)
ARC Resources Ltd.		(4,080	)	(67,573	)
ATS Corp.		(3,850	)	(115,388	)
Baytex Energy Corp.		(60,190	)	(169,890	)
BCE, Inc.		(6,300	)	(203,115	)
Boston Pizza Royalties Income Fund		(4,430	)	(55,138	)
CAE, Inc.		(12,860	)	(226,287	)
Cameco Corp.		(1,600	)	(83,611	)
Canadian National Railway Co.		(2,900	)	(313,150	)
Canadian Tire Corp. Ltd.		(2,000	)	(212,834	)
Cogeco Communications, Inc.		(12,860	)	(647,918	)
CT Real Estate Investment Trust		(30,230	)	(330,666	)
Emera, Inc.		(5,560	)	(210,045	)
Fortis, Inc.		(5,310	)	(229,699	)
Franco-Nevada Corp.		(1,380	)	(183,071	)
Granite Real Estate Investment Trust		(2,800	)	(152,795	)
H&R Real Estate Investment Trust		(37,710	)	(286,275	)
Hydro One Ltd.		(13,020	)	(419,210	)
IGM Financial, Inc.		(13,200	)	(396,564	)
Imperial Oil Ltd.		(8,180	)	(610,408	)
Intact Financial Corp.		(2,780	)	(530,902	)
Ivanhoe Mines Ltd.		(5,100	)	(67,434	)
Kinaxis, Inc.		(1,500	)	(166,596	)

PACE Alternative Strategies Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares			Value
Investments sold short—(continued)
Common stocks—(continued)
Canada—(continued)
Lithium Americas Corp.		(88,401	)	$	(359,356	)
Mattr Corp.		(6,480	)		(56,546	)
Metro, Inc.		(4,090	)		(242,900	)
Pet Valu Holdings Ltd.		(6,320	)		(115,611	)
PrairieSky Royalty Ltd.		(24,930	)		(498,833	)
Precision Drilling Corp.		(4,850	)		(291,310	)
RioCan Real Estate Investment Trust		(45,100	)		(615,434	)
StorageVault Canada, Inc.		(58,700	)		(171,587	)
TELUS Corp.		(25,020	)		(395,511	)
Toromont Industries Ltd.		(3,960	)		(349,826	)
Total Energy Services, Inc.		(13,050	)		(90,165	)
Trican Well Service Ltd.		(77,750	)		(257,985	)
Vermilion Energy, Inc.		(14,640	)		(136,480	)
Whitecap Resources, Inc.		(34,380	)		(256,551	)
WSP Global, Inc.		(3,400	)		(607,719	)
					(10,124,383	)
Denmark—(0.0%)^†
Zealand Pharma AS		(1,215	)		(140,054	)

Finland—(0.2%)
Neste OYJ		(34,339	)		(548,331	)

France—(0.3%)
Edenred SE		(5,412	)		(173,958	)
Sartorius Stedim Biotech		(3,465	)		(690,867	)
					(864,825	)
Germany—(0.2%)
Mercedes-Benz Group AG		(3,727	)		(225,810	)
Thyssenkrupp Nucera AG & Co. KGaA		(34,019	)		(350,800	)
					(576,610	)
Israel—(0.1%)
Mobileye Global, Inc.		(3,655	)		(49,744	)
Nice Ltd.		(800	)		(138,960	)
					(188,704	)
Japan—(0.2%)
Astellas Pharma, Inc.		(27,800	)		(328,517	)
Eisai Co. Ltd.		(3,900	)		(132,909	)
M3, Inc.		(29,200	)		(304,703	)
Yakult Honsha Co. Ltd.		(3,100	)		(67,697	)
					(833,826	)
Netherlands—(0.1%)
OCI NV		(22,137	)		(268,848	)

South Korea—(0.1%)
Delivery Hero SE		(6,871	)		(290,811	)

Spain—(0.2%)
Cellnex Telecom SA		(18,631	)		(682,960	)

Sweden—(0.3%)
EQT AB		(14,407	)		(417,827	)

PACE Alternative Strategies Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares			Value
Investments sold short—(continued)
Common stocks—(continued)
Sweden—(continued)
Nibe Industrier AB		(99,597	)	$	(480,853	)
					(898,680	)
Switzerland—(0.0%)^†
ABB Ltd.		(1,783	)		(98,901	)

United Kingdom—(0.2%)
Ashtead Group PLC		(8,252	)		(615,875	)
Oxford Nanopore Technologies PLC		(45,247	)		(78,472	)
					(694,347	)
United States—(14.2%)
Advanced Drainage Systems, Inc.		(2,200	)		(329,736	)
AECOM		(1,210	)		(129,228	)
Albemarle Corp.		(4,037	)		(382,425	)
Alcoa Corp.		(12,794	)		(512,911	)
American Airlines Group, Inc.		(11,660	)		(156,244	)
American Eagle Outfitters, Inc.		(57,565	)		(1,127,698	)
American Water Works Co., Inc.		(1,585	)		(218,904	)
Apple, Inc.		(750	)		(169,433	)
Applied Digital Corp.		(6,636	)		(44,859	)
Archer Aviation, Inc.		(44,938	)		(141,555	)
Armstrong World Industries, Inc.		(127	)		(17,723	)
Arthur J Gallagher & Co.		(1,094	)		(307,633	)
Atlassian Corp.		(839	)		(158,185	)
Badger Meter, Inc.		(2,490	)		(498,124	)
Ball Corp.		(7,947	)		(470,860	)
Blackstone Mortgage Trust, Inc.		(2,288	)		(41,664	)
Boeing Co.		(4,173	)		(623,071	)
Booking Holdings, Inc.		(30	)		(140,288	)
Booz Allen Hamilton Holding Corp.		(1,556	)		(282,663	)
BorgWarner, Inc.		(1,466	)		(49,302	)
BRP, Inc.		(1,490	)		(73,465	)
Brunswick Corp.		(1,520	)		(121,205	)
Campbell Soup Co.		(8,010	)		(373,667	)
CarMax, Inc.		(3,590	)		(259,844	)
Caterpillar, Inc.		(683	)		(256,945	)
CBRE Group, Inc.		(990	)		(129,660	)
Celsius Holdings, Inc.		(5,635	)		(169,501	)
CH Robinson Worldwide, Inc.		(1,580	)		(162,803	)
ChargePoint Holdings, Inc.		(43,588	)		(52,306	)
Consolidated Edison, Inc.		(6,131	)		(623,400	)
Copart, Inc.		(8,040	)		(413,819	)
Corning, Inc.		(4,000	)		(190,360	)
CoStar Group, Inc.		(4,171	)		(303,607	)
Cracker Barrel Old Country Store, Inc.		(3,600	)		(171,252	)
Cushman & Wakefield PLC		(8,230	)		(111,517	)
Dayforce, Inc.		(4,594	)		(325,944	)
Deere & Co.		(1,749	)		(707,803	)
Delta Air Lines, Inc.		(1,220	)		(69,808	)
Dow, Inc.		(1,846	)		(91,155	)

PACE Alternative Strategies Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares			Value
Investments sold short—(continued)
Common stocks—(continued)
United States—(continued)
DraftKings, Inc.		(7,844	)	$	(277,050	)
Dropbox, Inc.		(7,800	)		(201,630	)
DTE Energy Co.		(1,894	)		(235,273	)
Dycom Industries, Inc.		(1,937	)		(337,677	)
Energy Fuels, Inc.		(58,600	)		(353,953	)
Enovix Corp.		(16,605	)		(149,528	)
Enphase Energy, Inc.		(4,170	)		(346,277	)
Evercore, Inc.		(2,844	)		(751,299	)
Evolv Technologies Holdings, Inc.		(20,017	)		(43,037	)
Exact Sciences Corp.		(6,521	)		(449,493	)
Expeditors International of Washington, Inc.		(1,440	)		(171,360	)
EyePoint Pharmaceuticals, Inc.		(26,041	)		(306,242	)
General Electric Co.		(833	)		(143,093	)
General Mills, Inc.		(5,230	)		(355,745	)
Globalstar, Inc.		(77,028	)		(80,879	)
Goldman Sachs Group, Inc.		(1,465	)		(758,562	)
Graco, Inc.		(2,770	)		(225,617	)
Hershey Co.		(960	)		(170,477	)
Honeywell International, Inc.		(788	)		(162,076	)
Hub Group, Inc.		(6,470	)		(280,733	)
Illinois Tool Works, Inc.		(393	)		(102,624	)
IonQ, Inc.		(26,032	)		(391,261	)
Joby Aviation, Inc.		(14,490	)		(69,552	)
Kennametal, Inc.		(9,450	)		(239,274	)
Kinder Morgan, Inc.		(1,669	)		(40,907	)
Kohl's Corp.		(6,920	)		(127,882	)
Korn Ferry		(3,607	)		(254,835	)
Kraft Heinz Co.		(14,161	)		(473,827	)
Lennar Corp.		(728	)		(123,978	)
Lennox International, Inc.		(83	)		(50,013	)
Lightwave Logic, Inc.		(63,029	)		(198,541	)
Liquidia Corp.		(2,452	)		(26,604	)
Lithia Motors, Inc.		(620	)		(206,069	)
Lockheed Martin Corp.		(433	)		(236,440	)
Luminar Technologies, Inc.		(118,659	)		(92,008	)
Magnite, Inc.		(130	)		(1,622	)
Markel Group, Inc.		(90	)		(138,781	)
Martin Marietta Materials, Inc.		(1,390	)		(823,353	)
Masco Corp.		(3,012	)		(240,689	)
McDonald's Corp.		(630	)		(184,029	)
Moderna, Inc.		(9,408	)		(511,419	)
MongoDB, Inc.		(1,974	)		(533,770	)
MP Materials Corp.		(12,292	)		(221,133	)
NextDecade Corp.		(13,187	)		(77,012	)
NuScale Power Corp.		(271	)		(5,187	)
Oklo, Inc.		(262	)		(5,885	)
Old Dominion Freight Line, Inc.		(1,920	)		(386,534	)

PACE Alternative Strategies Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares			Value
Investments sold short—(continued)
Common stocks—(continued)
United States—(continued)
ONEOK, Inc.		(424	)	$	(41,077	)
O'Reilly Automotive, Inc.		(330	)		(380,536	)
Oshkosh Corp.		(2,284	)		(233,516	)
Pagaya Technologies Ltd.		(26,800	)		(308,736	)
Palo Alto Networks, Inc.		(40,320	)		(14,528,506	)
PepsiCo, Inc.		(840	)		(139,507	)
Pliant Therapeutics, Inc.		(7,820	)		(110,027	)
Plug Power, Inc.		(70,186	)		(137,565	)
Polaris, Inc.		(1,640	)		(114,652	)
Post Holdings, Inc.		(4,373	)		(477,575	)
PPL Corp.		(19,767	)		(643,614	)
Public Service Enterprise Group, Inc.		(1,754	)		(156,825	)
PureCycle Technologies, Inc.		(12,945	)		(168,544	)
QuantumScape Corp.		(3,603	)		(18,555	)
Rivian Automotive, Inc.		(16,772	)		(169,397	)
RTX Corp.		(2,015	)		(243,795	)
Rumble, Inc.		(4,667	)		(27,255	)
Saia, Inc.		(420	)		(205,216	)
Samsara, Inc.		(4,125	)		(197,134	)
Schrodinger, Inc.		(5,865	)		(103,195	)
SEI Investments Co.		(2,450	)		(183,162	)
Snowflake, Inc.		(2,148	)		(246,633	)
SolarEdge Technologies, Inc.		(1,419	)		(24,208	)
Southern Co.		(1,157	)		(105,322	)
T. Rowe Price Group, Inc.		(1,470	)		(161,494	)
Talen Energy Corp.		(542	)		(98,297	)
Terex Corp.		(1,850	)		(95,664	)
Tesla, Inc.		(271	)		(67,709	)
Thor Industries, Inc.		(1,640	)		(170,691	)
Toast, Inc.		(18,314	)		(549,969	)
Toro Co.		(1,240	)		(99,795	)
Trane Technologies PLC		(139	)		(51,452	)
Transocean Ltd.		(392,487	)		(1,703,394	)
TransUnion		(449	)		(45,484	)
Ulta Beauty, Inc.		(3,124	)		(1,152,694	)
United Parcel Service, Inc.		(1,770	)		(237,286	)
Upstart Holdings, Inc.		(2,274	)		(110,698	)
Uranium Energy Corp.		(649	)		(4,816	)
Visa, Inc.		(810	)		(234,779	)
Vistra Corp.		(869	)		(108,590	)
Vulcan Materials Co.		(2,650	)		(725,914	)
Waste Connections, Inc.		(1,050	)		(185,612	)
WEC Energy Group, Inc.		(2,163	)		(206,631	)
Williams Cos., Inc.		(939	)		(49,175	)
Winnebago Industries, Inc.		(1,330	)		(74,533	)
WK Kellogg Co.		(16,920	)		(281,380	)
Zillow Group, Inc.		(5,286	)		(317,636	)
					(47,672,042	)

PACE Alternative Strategies Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares			Value
Investments sold short—(continued)
Common stocks—(continued)
Zambia—(0.1%)
First Quantum Minerals Ltd.		(30,600	)	$	(395,370	)
Total common stocks (proceeds—$(60,675,890))					(65,467,218	)

Preferred stocks—(0.1%)
Germany—(0.1%)
Sartorius AG		(394	)	$	(101,872	)
Dr. Ing hc F Porsche AG		(1,841	)		(129,445	)
Volkswagen AG		(245	)		(23,702	)
					(255,019	)
Total preferred stocks (proceeds—$(267,885))					(255,019	)

Exchange traded funds: (3.0)%
BMO S&P 500 Index ETF		(9,200	)		(573,468	)
iShares MSCI USA Momentum Factor ETF		(2,310	)		(467,567	)
SPDR S&P 500 ETF Trust		(5,010	)		(2,848,886	)
Industrial Select Sector SPDR Fund		(13,551	)		(1,813,530	)
Invesco QQQ Trust		(330	)		(159,670	)
iShares Russell 2000 ETF		(1,610	)		(350,594	)
iShares Core S&P/TSX Capped Composite Index ETF		(87,700	)		(2,426,891	)
SPDR Dow Jones Industrial Average ETF Trust		(1,470	)		(613,975	)
iShares U.S. Real Estate ETF		(6,290	)		(618,370	)
iShares MSCI Brazil ETF		(3,190	)		(88,618	)
iShares S&P/TSX Capped Energy Index ETF		(16,070	)		(201,286	)
Total exchange traded funds (proceeds—$(9,169,653))					(10,162,855	)

PACE Alternative Strategies Investments

Portfolio of investments – October 31, 2024 (unaudited)

	Number of shares	Value
Investments sold short—(continued)
Total investments sold short (proceeds—$(70,113,428))			(75,885,092	)
Other assets in excess of liabilities—25.2%			84,624,409
Net Assets—100.0%		$	335,653,371

Options written

Notional amount		Number of contracts		Call options	Counterparty	Expiration date	Premiums received			Current Value			Unrealized appreciation (depreciation)
EUR	3,262,000		23,300	Call Eurex Dow Jones EURO STOXX 50 Dividend Futures, strike @ 140.000	BNP	12/20/24	$	84,398		$	(522,352	)	$	(437,954	)
EUR	1,650,000		330	Call EURO STOXX 50 Index, strike @ 5,000.000	JPMCB	12/19/25		131,158			(83,709	)		47,449
GBP	528,783,500		151,081,000	Call 2 Year USD SOFR Interest Rate Swap, strike @ 3.496	MSCI	12/20/24		(1	)		(109,470	)		(109,471	)
HKD	1,200,000		50	Call HKG Hang Seng China Enterprises Index Futures, strike @ 24,000.000	MSCI	11/15/24		747			(206	)		541
HKD	47,000,000		4,700	Call HKG Hang Seng China Enterprises Index Futures, strike @ 10,000.000	JPMCB	12/20/24		47,823			(7,255	)		40,568
Total							$	264,125		$	(722,992	)	$	(458,867	)

PACE Alternative Strategies Investments

Portfolio of investments – October 31, 2024 (unaudited)

Notional amount		Number of contracts		Put options	Counterparty	Expiration date	Premiums received		Current Value			Unrealized appreciation (depreciation)
EUR	1,078,560		1,008,000	Call USD vs. Put EUR, strike @ 1.068	JPMCB	11/01/24	$	786	$	(1	)	$	785
EUR	751,800		716,000	Call USD vs. Put EUR, strike @ 1.045	JPMCB	11/27/24		1,085		(432	)		653
EUR	655,500		6,900	Put Eurex Dow Jones EURO STOXX 50 Dividend Futures, strike @ 95.000	JPMCB	12/20/24		31,094		(75	)		31,019
EUR	3,120,000		31,200	Put Eurex Dow Jones EURO STOXX 50 Dividend Futures, strike @ 100.000	JPMCB	12/20/24		106,368		(339	)		106,029
EUR	2,563,000		23,300	Put Eurex Dow Jones EURO STOXX 50 Dividend Futures, strike @ 110.000	BNP	12/20/24		103,602		(253	)		103,349
EUR	108,800		6,400	Put FVSA index - Mini-Futures on VSTOXX, strike @ 17.000	MSCI	01/22/25		10,605		(9,746	)		859
EUR	5,808,000		1,320	Put EURO STOXX 50 Index, strike @ 4,400.000	JPMCB	12/19/25		250,596		(270,941	)		(20,345	)
EUR	2,550,000		510	Put EURO STOXX 50 Index, strike @ 5,000.000	JPMCB	12/17/27		293,104		(336,125	)		(43,021	)
GBP	1,217,160		966,000	Call USD vs. Put GBP, strike @ 1.255	JPMCB	11/14/24		1,066		(1,938	)		(872	)
USD	451,200		800	Put SPDR S&P 500 ETF Trust, strike @ 564.000	WF	11/01/24		696		(616	)		80
Total							$	799,002	$	(620,466	)	$	178,536
Total options written							$	1,063,127	$	(1,343,458	)	$	(280,331	)

Futures contracts

Number of contracts	Currency		Expiration date	Current notional amount		Value		Unrealized appreciation (depreciation)
Index futures buy contracts:
1	USD	CBOE Volatility Index Futures	November 2024	$	18,700	$	20,958	$	2,258
1	USD	E-mini Dow Jones Industrial Average Index Futures	December 2024		210,280		209,735		(545	)
3	EUR	EURO Schatz 2 Year Index Futures	December 2024		348,832		347,666		(1,166	)
30	EUR	EURO STOXX 50 Index Futures	December 2024		1,606,998		1,577,455		(29,543	)
8	EUR	EURO STOXX 50 Index Futures	December 2026		129,050		132,618		3,568
2	EUR	EURO STOXX 600 Index Futures	December 2024		56,399		55,073		(1,326	)
4	EUR	Euronext CAC 40 Index Futures	November 2024		330,036		320,277		(9,759	)
31	GBP	FTSE 100 Index Futures	December 2024		3,276,741		3,248,603		(28,138	)
1	EUR	FTSE MIB Index Futures	December 2024		188,181		185,331		(2,850	)
3	ZAR	FTSE/JSE Top 40 Index Futures	December 2024		132,333		132,694		361
7	EUR	FVSA index—Mini-Index Futures on VSTOXX	November 2024		14,364		15,000		636
5	HKD	Hang Seng China Enterprises Index Futures	December 2024		241,377		234,786		(6,591	)
3	HKD	Hang Seng China Enterprises Index Futures	November 2024		143,014		140,486		(2,528	)
9	HKD	Hang Seng China Enterprises Index Futures	November 2024		1,192,460		1,177,950		(14,510	)
24	KRW	KOSPI 200 Index Futures	December 2024		1,519,033		1,482,609		(36,424	)
2	EUR	MEFF Madrid IBEX 35 Index Futures	November 2024		258,368		253,409		(4,959	)
5	EUR	Mini-DAX Index Futures	December 2024		520,935		520,815		(120	)
12	SGD	MSCI Singapore Index Futures	November 2024		315,455		308,065		(7,390	)
60	JPY	OSE Nikkei 225 Mini Index Futures	December 2024		1,506,464		1,542,451		35,987
1	USD	Russell 2000 Value Index Futures	December 2024		114,670		110,430		(4,240	)
19	GBP	Russell U.K. Mid 150 Net Return Index Futures	December 2024		1,351,548		1,277,362		(74,186	)

PACE Alternative Strategies Investments
Portfolio of investments – October 31, 2024 (unaudited)

Number of contracts	Currency		Expiration date	Current notional amount			Value			Unrealized appreciation (depreciation)
20	USD	S&P 500 Index Futures	December 2024	$	5,810,383		$	5,738,500		$	(71,883	)
3	AUD	S&P ASX Share Price Index 200 Futures	December 2024		407,627			403,251			(4,376	)
4	CAD	S&P/TSX 60 Index Futures	December 2024		829,607			831,572			1,965
68	USD	SGX FTSE China A50 Index Futures	November 2024		921,565			898,892			(22,673	)
11	SEK	Stockholm OMXS30 Index Futures	November 2024		268,044			261,642			(6,402	)
10	JPY	TSE TOPIX Index Futures	December 2024		1,747,696			1,773,397			25,701
Interest rate futures buy contracts:
83	USD	Australian Dollar Currency Futures	December 2024	$	5,538,356		$	5,459,325		$	(79,031	)
14	CAD	Canadian Bond 2 Year Futures	December 2024		1,053,767			1,053,305			(462	)
19	EUR	Eurex Short-term Euro-BTP Futures	December 2024		2,221,882			2,208,709			(13,173	)
9	EUR	EURO Bobl 5 Year Index Future	December 2024		1,159,302			1,156,659			(2,643	)
34	USD	Euro Foreign Exchange Currency Futures	December 2024		4,621,841			4,628,250			6,409
4	EUR	Italian Government Bond Futures	December 2024		526,319			520,162			(6,157	)
1	JPY	Japan Government Bond 10 Year Futures	December 2024		954,258			948,993			(5,265	)
38	USD	Japanese Yen Currency Futures	December 2024		3,228,808			3,141,175			(87,633	)
5	KRW	Korea Treasury Bond 10 Year Futures	December 2024		424,369			421,123			(3,246	)
12	KRW	Korea Treasury Bond 3 Year Futures	December 2024		923,281			920,435			(2,846	)
4	USD	New Zealand Dollar Currency Futures	December 2024		239,457			238,820			(637	)
7	USD	Norwegian Krone Currency Futures	December 2024		1,282,046			1,272,250			(9,796	)
21	USD	Swedish Krona Currency Futures	December 2024		3,969,010			3,944,850			(24,160	)
59	GBP	United Kingdom Long Gilt Bond Futures	December 2024		7,320,352			7,154,337			(166,015	)
U.S. Treasury futures buy contracts:
110	USD	U.S. Treasury Note 10 Year Futures	December 2024	$	12,184,854		$	12,151,562		$	(33,292	)
28	USD	U.S. Treasury Note 2 Year Futures	December 2024		5,789,406			5,766,469			(22,937	)
4	USD	Ultra U.S. Treasury Note 10 Year Futures	December 2024		463,406			455,000			(8,406	)
Total				$	75,360,874		$	74,642,451		$	(718,423	)
Index futures sell contracts:
2	EUR	EURO STOXX 50 Index Futures	December 2024	$	(106,467	)	$	(105,164	)	$	1,303
79	EUR	EURO STOXX 600 Index Futures	December 2024		(2,238,604	)		(2,175,374	)		63,230
303	EUR	EURO STOXX Banks Index Futures	December 2024		(2,378,482	)		(2,379,627	)		(1,145	)
4	EUR	Euronext CAC 40 Index Futures	December 2024		(328,901	)		(320,951	)		7,950
5	JPY	MSCI Emerging Markets Index Futures	December 2024		(930,387	)		(901,200	)		29,187
2	GBP	Financial Times Stock Index Futures	December 2024		(108,536	)		(105,405	)		3,131
17	USD	Russell 2000 Value Index Futures	December 2024		(1,881,432	)		(1,877,310	)		4,122
16	USD	TSE Mini Topix Index Futures	December 2024		(84,531	)		(88,670	)		(4,139	)
Interest rate futures sell contracts:
8	AUD	Australian Bond 10 Year Futures	December 2024	$	(599,631	)	$	(588,839	)	$	10,792
9	AUD	Australian Bond 3 Year Futures	December 2024		(626,170	)		(625,295	)		875
1	CAD	Canadian Bond 10 Year Futures	December 2024		(87,615	)		(87,615	)		—
35	EUR	Euro Bund 10 Year Futures	December 2024		(5,051,646	)		(5,017,790	)		33,856
5	EUR	French Government Bond Futures	December 2024		(682,520	)		(677,995	)		4,525
2	EUR	German Euro Buxl 30 Year Futures	December 2024		(295,280	)		(287,949	)		7,331
U.S. Treasury futures sell contracts:
11	USD	British Pound Currency Futures	December 2024	$	(891,267	)	$	(885,569	)	$	5,698
10	USD	Mexican Peso Currency Futures	December 2024		(248,205	)		(247,950	)		255
4	USD	Swiss Franc Currency Futures	December 2024		(585,699	)		(581,350	)		4,349
6	USD	U.S. Treasury Note 5 Year Futures	December 2024		(644,258	)		(643,406	)		852
7	USD	Ultra U.S. Treasury Bond Futures	December 2024		(894,031	)		(879,375	)		14,656
Total				$	(18,663,662	)	$	(18,476,834	)	$	186,828
Net unrealized appreciation (depreciation)										$	(531,595	)

PACE Alternative Strategies Investments
Portfolio of investments – October 31, 2024 (unaudited)

Centrally cleared credit default swap agreements on credit indices—buy protection¹⁰

Referenced obligations	Implied credit spread as of October 31, 2024^*	Notional amount (000)		Maturity date	Payment frequency	Payments made by the Portfolio⁹			Upfront payments received (made)			Value			Unrealized appreciation (depreciation)
CDX.EM.S42	N/A	USD	2,314	12/20/29	Quarterly		1.000	%	$	(69,725	)	$	67,197		$	(2,528	)
CDX.NA.HY.S43	N/A	USD	889	12/20/29	Quarterly		5.000			71,368			(66,144	)		5,224
Total									$	1,643		$	1,053		$	2,696

Centrally cleared credit default swap agreements on credit indices—sell protection¹¹

Referenced obligations	Implied credit spread as of October 31, 2024^*	Notional amount (000)		Maturity date	Payment frequency	Payments received by the Portfolio⁹			Upfront payments received (made)			Value		Unrealized appreciation (depreciation)
CDX.NA.HY.S43	N/A	USD	889	12/20/29	Quarterly		5.000	%	$	(525	)	$	5,129	$	4,604
CDX.NA.IG.S43	N/A	USD	2,200	12/20/29	Quarterly		1.000			(38,247	)		49,215		10,968
Total									$	(38,772	)	$	54,344	$	15,572

PACE Alternative Strategies Investments
Portfolio of investments – October 31, 2024 (unaudited)

Centrally cleared interest rate swap agreements

Notional amount (000)		Maturity date	Payment frequency	Payments made by the portfolio⁹	Payments received by the portfolio⁹	Value			Unrealized appreciation (depreciation)
AUD	1,649	07/31/26	Semi-annual	1 day GBP SONIA	4.146%	$	(125	)	$	(3,432	)
BRL	137,274	01/02/26	At Maturity	1 day BRL CDI	11.205		(299,268	)		(187,588	)
CHF	462	12/18/34	Annual	1 day CHF SARON	0.738		10,940			8,119
CNY	222,676	12/18/26	Quarterly	7 day CNY Repo Fixing	1.527		(65,595	)		(65,595	)
CNY	91,442	12/18/29	Quarterly	1.630%	7 day CNY RepoFixing		84,729			84,729
CNY	22,345	12/18/29	Quarterly	7 day CNY Repo Fixing	1.815		6,654			(844	)
EUR	407	10/15/29	At Maturity	1.80	Eurostat Eurozone HICP ex-Tobacco NSA		640			(23	)
GBP	48,585	09/18/26	Annual	1 day GBP SONIA	4.059		(322,763	)		(350,699	)
GBP	24,800	12/18/26	Annual	1 day GBP SONIA	3.550		(392,739	)		(392,739	)
GBP	3,566	12/18/26	Annual	1 day GBP SONIA	3.742		(40,345	)		(28,381	)
INR	27,000	12/18/29	Semi-annual	6 mo. INR MIBOR	6.024		(3,511	)		(3,684	)
JPY	1,579,658	06/19/26	Annual	0.426	1 day JPY TONA		2,676			65
JPY	3,434,100	06/19/26	Annual	0.447	1 day JPY TONA		(3,731	)		(3,731	)
JPY	2,307,086	09/18/26	Annual	0.534	1 day JPY TONA		(10,321	)		(10,321	)
JPY	2,307,085	09/18/26	Annual	0.490	1 day JPY TONA		3,107			3,107
JPY	4,219,450	12/18/26	Annual	0.485	1 day JPY TONA		39,909			34,111
JPY	1,086,000	12/18/26	Annual	0.541	1 day JPY TONA		2,301			2,301
JPY	720,864	12/18/26	Annual	0.509	1 day JPY TONA		3,431			3,246
JPY	1,399,955	12/20/28	Annual	0.580	1 day JPY TONA		(19,662	)		(19,662	)
JPY	120,000	03/21/29	Annual	0.584	1 day JPY TONA		(56	)		(56	)
JPY	290,000	06/19/29	Annual	0.550	1 day JPY TONA		6,634			3,935
JPY	300,000	06/19/29	Annual	0.656	1 day JPY TONA		(3,435	)		(3,435	)
JPY	1,892,000	09/18/29	Annual	0.559	1 day JPY TONA		60,366			60,366

PACE Alternative Strategies Investments
Portfolio of investments – October 31, 2024 (unaudited)

Notional amount (000)		Maturity date	Payment frequency	Payments made by the portfolio⁹	Payments received by the portfolio⁹	Value			Unrealized appreciation (depreciation)
KRW	28,800,000	12/18/27	Quarterly	3 mo. KRW COD Rate	2.725%	$	(134,500	)	$	(134,500	)
MXN	28,489	12/16/26	Monthly	28 day TIIE-Banxico	8.934		(20,778	)		(17,353	)
MXN	14,695	12/06/34	Monthly	8.751%	28 day TIIE-Banxico		38,353			10,516
NOK	17,213	12/18/26	Semi-annual	3.604	6 mo.NOK NIBOR		19,611			11,522
NOK	7,560	12/18/34	Semi-annual	3.373	6 mo.NOK NIBOR		33,210			6,539
NZD	8,717	12/18/26	Semi-annual	3 mo. NZD Bank Bill	3.497		(7,155	)		(9,737	)
NZD	503	12/18/29	Semi-annual	3 mo. NZD Bank Bill	3.551		(2,773	)		(2,396	)
NZD	1,086	12/18/34	Semi-annual	3 mo. NZD Bank Bill	3.884		(14,686	)		(10,084	)
PLN	—	12/18/26	Annual	6 mo. PLN WIBOR	4.706		—			—
PLN	590	12/18/34	Annual	6 mo. PLN WIBOR	4.467		(8,058	)		(1,831	)
SEK	31,519	12/18/26	Annual	3 mo. SEK STIBOR	1.872		(12,774	)		(12,108	)
SEK	10,591	12/18/29	Annual	3 mo. SEK STIBOR	2.292		3,027			(174	)
ZAR	3,508	12/18/34	Quarterly	3 mo. ZAR JIBAR	8.651		(4,264	)		(1,289	)
Total						$	(1,050,951	)	$	(1,031,106	)

OTC Total return swap agreements

Counterparty	Notional amount (000)			Maturity Date	Payment frequency	Payment made by the Portfolio⁹		Payments received by the Portfolio⁹		Upfront payments received (made)		Value			Unrealized appreciation (depreciation)
BB	USD	(4	)	01/13/25	Annual	Barclays Short Processed Food CFD		0.000	%	$	—	$	18,667		$	18,667
BB	EUR	(1	)	05/02/25	Annual	0.000	%	BCIIQLYL INDEX			—		3,507			3,507
BB	USD	(2	)	07/18/25	Annual	BCIISTEL SWAP COMP		0.000			—		3,048			3,048
BB	EUR	1		08/12/25	Annual	0.000		BCIISHDF SWAP COMP			—		(1,543	)		(1,543	)

PACE Alternative Strategies Investments
Portfolio of investments – October 31, 2024 (unaudited)

Counterparty	Notional amount (000)			Maturity Date	Payment frequency	Payment made by the Portfolio⁹		Payments received by the Portfolio⁹		Upfront payments received (made)		Value			Unrealized appreciation (depreciation)
BB	USD	2		08/19/25	Annual	0.000	%	Barclays Private Equity Basket CFD		$	—	$	(3,394	)	$	(3,394	)
BB	USD	(2	)	09/04/25	Annual	0.000		BCIIPRFL INDEX			—		5,566			5,566
BB	USD	(2	)	09/09/25	Annual	0.000		BCIISOXE INDEX			—		4,701			4,701
BB	USD	1		09/12/25	Annual	0.000		BCIITELC INDEX			—		(3,098	)		(3,098	)
BB	USD	—		09/15/25	Annual	0.000		BCFUCEME INDEX			—		658			658
BB	USD	(4	)	09/19/25	Annual	0.000		BCIISOXD INDEX			—		11,844			11,844
BB	EUR	(2	)	12/01/25	Annual	0.000		Forvia SE			—		87			87
BB	EUR	—		12/01/25	Annual	0.000		Volkswagen AG			—		(3	)		(3	)
BB	USD	(3	)	07/21/26	Annual	BCIIACTM SWAP COMP		0.000	%		—		6,958			6,958
BB	USD	—		07/21/26	Annual	BCIICAPG SWAP COMP		0.000			—		4,395			4,395
BB	USD	(1	)	07/21/26	Annual	BCIICOPP SWAP COMP		0.000			—		3,505			3,505
BB	EUR	—		07/21/26	Annual	0.000		BCIEGRWL INDEX			—		1,311			1,311
BB	EUR	—		07/21/26	Annual	0.000		BCIEYLDS INDEX			—		1,598			1,598
BB	USD	(8	)	08/20/26	Annual	US Discretionary Basket CFD		0.000			—		32,826			32,826
BB	USD	3		07/16/27	Annual	0.000		BCIIWMAH SWAP COMP			—		(17,858	)		(17,858	)
CITI	USD	2		09/25/25	Annual	0.000		CGFCAIEM INDEX			—		(2,894	)		(2,894	)
CITI	USD	(4	)	10/14/25	Annual	CGFCBVRG SWAP COMP		0.000			—		26,939			26,939
CITI	USD	1		07/16/27	Annual	0.000		CGFCAWIN SWAP COMP			—		(6,479	)		(6,479	)
CITI	USD	(4	)	07/16/27	Annual	CGFOOILP SWAP COMP		0.000			—		32,158			32,158
GS	USD	(5	)	07/19/27	Annual	GS Retailers		0.000			—		13,913			13,913
GS	USD	1		07/19/27	Annual	0.000		GSMBEXC0 SWAP COMP			—		(2,548	)		(2,548	)
GS	USD	1		07/19/27	Annual	0.000		Oil Royalties SWAP COMP			—		5,178			5,178
GS	USD	(3	)	07/19/27	Annual	GSMBWHEL SWAP COMP		0.000			—		10,729			10,729
GS	USD	—		07/19/27	Annual	GS AI At Risk SWAP COMP		0.000			—		342			342
GS	USD	(1	)	07/21/27	Annual	World Utilities 08.08.23 SWAP COMP		0.000			—		2,969			2,969

PACE Alternative Strategies Investments
Portfolio of investments – October 31, 2024 (unaudited)

Counterparty	Notional amount (000)			Maturity Date	Payment frequency	Payment made by the Portfolio⁹		Payments received by the Portfolio⁹		Upfront payments received (made)		Value			Unrealized appreciation (depreciation)
GS	JPY	257		07/23/27	Annual	0.000	%	SMBJDC0BL TRS JPY R E GSMBJDC0 INDEX		$	—	$	8,240		$	8,240
GS	USD	(4	)	07/29/27	Annual	GSMBHLUX SWAP COMP		0.000	%		—		16,816			16,816
GS	USD	2		08/24/27	Annual	0.000		Athleisure DM			—		(13,015	)		(13,015	)
GS	USD	—		08/31/27	Annual	0.000		GS TMT AI Basket SWAP COMP			—		(3,471	)		(3,471	)
GS	USD	(1	)	09/01/27	Annual	GSMBLITH SWAP COMP		0.000			—		438			438
GS	EUR	1		09/09/27	Annual	0.000		GS EU GRANOLAS SWAP COMP			—		(4,106	)		(4,106	)
GS	EUR	2		09/30/27	Annual	0.000		GS Custom Luxury (EUR) SWAP COMP			—		(5,570	)		(5,570	)
GS	USD	1		10/13/27	At Maturity	0.000		Replimune Group, Inc.			—		(1,291	)		(1,291	)
GS	USD	(1	)	10/13/27	At Maturity	0.000		GS24REPS INDEX			—		2,459			2,459
GS	USD	1		10/14/27	Annual	0.000		GSMBATOL INDEX			—		(1,532	)		(1,532	)
GS	USD	(1	)	10/25/27	Annual	0.000		GSCBICLN INDEX			—		949			949
GS	EUR	—		10/28/27	Annual	0.000		Elia Group SA			—		(266	)		(266	)
GS	USD	1		10/29/27	Annual	0.000		GSXURANI INDEX			—		(2,358	)		(2,358	)
GS	USD	1		11/02/27	Annual	0.000		GS Power Up America SWAP COMP			—		(209	)		(209	)
JPMCB	USD	(165	)	09/08/24	At Maturity	CoStar Group, Inc.		4.530			—		6,355			6,355
JPMCB	USD	(515	)	09/08/24	At Maturity	International Paper Co.		4.530			—		(92,325	)		(92,325	)
JPMCB	USD	(1,965	)	09/08/24	At Maturity	Capital One Financial Corp.		4.530			—		(142,233	)		(142,233	)
JPMCB	USD	(1,691	)	09/08/24	At Maturity	Schlumberger NV		4.530			—		158,351			158,351
JPMCB	USD	(793	)	09/08/24	At Maturity	Synopsys, Inc.		4.530			—		23,070			23,070
JPMCB	USD	1,691		09/08/24	At Maturity	5.130		ChampionX Corp.			—		(176,106	)		(176,106	)
JPMCB	USD	718		09/08/24	At Maturity	5.130		Matterport, Inc.			—		(28,708	)		(28,708	)
JPMCB	USD	1,506		09/08/24	At Maturity	5.130		Catalent, Inc.			—		(58,292	)		(58,292	)
JPMCB	USD	1,658		09/08/24	At Maturity	5.130		Albertsons Cos., Inc.			—		(30,568	)		(30,568	)
JPMCB	USD	—		09/08/24	At Maturity	5.660		GCI Liberty, Inc.			—		329			329
JPMCB	USD	—		09/08/24	At Maturity	5.610		Chinook Therapeutics, Inc.			—		11,268			11,268

PACE Alternative Strategies Investments
Portfolio of investments – October 31, 2024 (unaudited)

Counterparty	Notional amount (000)			Maturity Date	Payment frequency	Payment made by the Portfolio⁹		Payments received by the Portfolio⁹		Upfront payments received (made)		Value			Unrealized appreciation (depreciation)
JPMCB	USD	—		09/08/24	At Maturity	0.000	%	Mirati Therapeutics, Inc.		$	—	$	14,093		$	14,093
JPMCB	USD	(1,778	)	09/08/24	At Maturity	UMB Financial Corp.		4.530	%		—		(80,281	)		(80,281	)
JPMCB	USD	1,789		09/08/24	At Maturity	5.130		HashiCorp, Inc.			—		(3,691	)		(3,691	)
JPMCB	CAD	(718	)	09/08/24	At Maturity	National Bank of Canada		3.410			—		(20,761	)		(20,761	)
JPMCB	USD	(450	)	09/08/24	At Maturity	Boeing Co.		4.530			—		181			181
JPMCB	USD	(507	)	09/08/24	At Maturity	Nokia OYJ		4.518			—		(27,233	)		(27,233	)
JPMCB	USD	(1,483	)	09/08/24	At Maturity	ConocoPhillips		4.530			—		19,116			19,116
JPMCB	USD	(529	)	09/08/24	At Maturity	SouthState Corp.		4.530			—		(6,095	)		(6,095	)
JPMCB	USD	(97	)	09/08/24	At Maturity	Cleveland-Cliffs, Inc.		4.530			—		(986	)		(986	)
JPMCB	CAD	(511	)	09/08/24	At Maturity	Lundin Mining Corp.		3.410			—		22,051			22,051
JPMCB	USD	(647	)	11/08/24	At Maturity	COEUR MINING, Inc.		4.530			—		25,900			25,900
JPMCB	USD	(555	)	11/08/24	At Maturity	Atlantic Union Bankshares Corp.		4.530			—		(19,467	)		(19,467	)
JPMCB	USD	1,427		11/08/24	At Maturity	5.130		Frontier Communications Parentm Inc.			—		19,020			19,020
JPMCB	USD	653		11/08/24	At Maturity	5.130		SilverCrest Metals Inc			—		(27,496	)		(27,496	)
JPMCB	USD	1,146		05/08/25	At Maturity	5.130		Amedisys, Inc.			—		(25,004	)		(25,004	)
JPMCB	USD	(9	)	08/19/25	Annual	Eva Airways Corp.		0.000			—		63			63
JPMCB	USD	(4	)	08/20/25	Annual	Old Media CFD 1.000		0.000			—		(5,756	)		(5,756	)
JPMCB	USD	(2	)	08/20/25	Annual	JPFUSOEC SWAP COMP		0.000			—		4,471			4,471
JPMCB	USD	(1	)	08/20/25	Annual	Inflation Laggards		0.000			—		2,166			2,166
JPMCB	USD	—		08/20/25	Annual	Interest Rate Laggards Index		0.000			—		915			915
JPMCB	HKD	(8	)	08/27/25	Annual	China Eastern Airlines Corp. Ltd.		0.000			—		(174	)		(174	)
JPMCB	USD	—		09/02/25	Annual	0.000		New Media CFD 1.000			—		3,652			3,652
JPMCB	USD	(1	)	09/02/25	Annual	JPFUNOI1 SWAP COMP		0.000			—		4,089			4,089
JPMCB	USD	(1	)	10/07/25	Annual	0.000		JPFUMEBK INDEX			—		389			389
JPMCB	EUR	—		10/27/25	Annual	0.000		Hensoldt AG			—		58			58
JPMCB	USD	—		11/04/25	Annual	0.000		U.S. Pure Beta Winners Index			—		1,831			1,831
JPMCB	EUR	(2	)	11/05/25	Annual	0.000		Valeo SE			—		2,477			2,477
JPMCB	EUR	—		11/05/25	Annual	0.000		Rheinmetall AG			—		(1,272	)		(1,272	)

PACE Alternative Strategies Investments
Portfolio of investments – October 31, 2024 (unaudited)

Counterparty	Notional amount (000)			Maturity Date	Payment frequency	Payment made by the Portfolio⁹		Payments received by the Portfolio⁹		Upfront payments received (made)		Value			Unrealized appreciation (depreciation)
JPMCB	USD	—		11/05/25	Annual	0.000	%	S&P 500 Equity Real Estate Investment Trusts		$	—	$	915		$	915
JPMCB	DKK	—		11/05/25	Annual	0.000		Zealand Pharma AS			—		(707	)		(707	)
JPMCB	SEK	1		11/12/25	Annual	0.000		Saab AB			—		(90	)		(90	)
JPMCB	USD	(1	)	11/13/25	Annual	0.000		JPFUITSV INDEX			—		9,172			9,172
JPMCB	USD	4		11/18/25	Annual	0.000		JPFJCRED INDEX			—		(8,714	)		(8,714	)
JPMCB	EUR	1		11/19/25	Annual	0.000		CaixaBank SA			—		141			141
JPMCB	NOK	1		11/26/25	Annual	0.000		Salmar ASA			—		(1,090	)		(1,090	)
JPMCB	USD	700		12/22/25	At Maturity	5.130		United States Steel Corp.			—		62,874			62,874
JPMCB	USD	2,235		01/12/26	At Maturity	5.130		Juniper Networks, Inc.			—		5,761			5,761
JPMCB	USD	1,991		01/12/26	At Maturity	5.130		Axonics, Inc.			—		(1,415	)		(1,415	)
JPMCB	USD	1,688		01/20/26	At Maturity	5.130		ANSYS, Inc.			—		(29,969	)		(29,969	)
JPMCB	USD	645		01/30/26	At Maturity	5.130		McGrath RentCorp			—		3,524			3,524
JPMCB	USD	1,943		02/23/26	At Maturity	5.130		Discover Financial Services			—		71,671			71,671
JPMCB	GBP	523		04/23/26	At Maturity	5.250		DS Smith PLC			—		96,417			96,417
JPMCB	USD	1,749		05/01/26	At Maturity	5.130		Heartland Financial USA, Inc.			—		83,473			83,473
JPMCB	USD	534		05/22/26	At Maturity	5.130		Independent Bank Group, Inc.			—		9,122			9,122
JPMCB	USD	1,511		05/29/26	At Maturity	5.130		Marathon Oil Corp.			—		(23,620	)		(23,620	)
JPMCB	USD	2,127		06/04/26	At Maturity	5.130		Stericycle, Inc.			—		20,257			20,257
JPMCB	CAD	742		06/15/26	At Maturity	4.210		Canadian Western Bank			—		33,523			33,523
JPMCB	USD	865		07/02/26	At Maturity	5.130		Spirit AeroSystems Holdings, Inc.			—		17,167			17,167
JPMCB	USD	1,506		07/02/26	At Maturity	5.130		Infinera Corp.			—		15,848			15,848
JPMCB	GBP	997		07/10/26	At Maturity	5.250		Britvic PLC			—		1,538			1,538
JPMCB	CAD	853		07/16/26	At Maturity	4.210		Stelco Holdings, Inc.			—		9,226			9,226
JPMCB	BRL	2		07/21/26	Annual	0.000		Optimized Brazil CFD 1.000			—		(9	)		(9	)
JPMCB	USD	—		07/21/26	Annual	0.000		S&P 500 Consumer Staples Index			—		(4,793	)		(4,793	)
JPMCB	CAD	1,627		07/31/26	At Maturity	4.210		Filo Corp.			—		(18,270	)		(18,270	)
JPMCB	USD	1,944		08/17/26	At Maturity	5.130		KELLANOVA			—		2,172			2,172
JPMCB	USD	(1	)	08/26/26	Annual	JPFUSHP2 SWAP COMP		0.000	%		—		726			726

PACE Alternative Strategies Investments
Portfolio of investments – October 31, 2024 (unaudited)

Counterparty	Notional amount (000)			Maturity Date	Payment frequency	Payment made by the Portfolio⁹		Payments received by the Portfolio⁹		Upfront payments received (made)		Value			Unrealized appreciation (depreciation)
JPMCB	EUR	810		10/05/26	At Maturity	3.465	%	COVESTRO AG		$	—	$	(1,783	)	$	(1,783	)
JPMCB	USD	872		10/13/26	At Maturity	5.130		Arcadium Lithium PLC			—		(24,863	)		(24,863	)
JPMCB	USD	958		10/15/26	At Maturity	5.130		Longboard Pharmaceuticals. Inc.			—		14,107			14,107
JPMCB	USD	559		10/22/26	At Maturity	5.130		SANDY SPRING BANCORP INC			—		26,362			26,362
JPMCB	USD	140		11/02/26	At Maturity	0.000		Altair Engineering Inc.			—		—			—
JPMCB	HKD	(17	)	07/16/27	Annual	Air China Ltd.		0.000	%		—		(1,254	)		(1,254	)
JPMCB	USD	—		07/16/27	Annual	0.000		U.S. Pure Size Winners			—		1,025			1,025
JPMCB	USD	(1	)	07/16/27	Annual	0.000		JPUSX7 INDEX			—		1,586			1,586
MSCI	EUR	(200	)	11/15/24	At Maturity	Iberdrola SA—Rights		3.250			—		6,027			6,027
MSCI	EUR	(286	)	11/15/24	At Maturity	STOXX Europe 600 Industrial Goods & Services Index		3.250			—		5,828			5,828
MSCI	EUR	(298	)	11/15/24	At Maturity	STOXX Europe 600 Utilities Index		3.250			—		13,329			13,329
MSCI	USD	(469	)	11/15/24	At Maturity	Utilities Select Sector SPDR Fund		4.830			—		4,070			4,070
MSCI	USD	(313	)	11/15/24	At Maturity	Industrial Select Sector SPDR Fund		4.830			—		9,844			9,844
MSCI	USD	(16	)	11/15/24	At Maturity	Ecopro Co. Ltd.		4.830			—		840			840
MSCI	USD	(20	)	11/15/24	At Maturity	Ecopro BM Co. Ltd.		4.830			—		344			344
MSCI	USD	(41	)	11/15/24	At Maturity	LG Energy Solution Ltd.		4.830			—		169			169
MSCI	EUR	(102	)	11/15/24	At Maturity	TotalEnergies		3.250			—		3,578			3,578
MSCI	BRL	—		02/20/25	Annual	0.000		Sao Martinho SA			—		(43	)		(43	)
MSCI	EUR	973		02/24/25	At Maturity	3.991		Veolia Environnement SA			—		(21,339	)		(21,339	)
MSCI	EUR	387		02/24/25	At Maturity	3.991		Engie SA			—		(16,111	)		(16,111	)
MSCI	EUR	993		02/24/25	At Maturity	3.250		Siemens Energy AG			—		78,835			78,835
MSCI	GBP	335		03/06/25	At Maturity	4.950		Shell PLC			—		9,424			9,424
MSCI	GBP	194		03/06/25	At Maturity	4.950		National Grid PLC			—		(7,758	)		(7,758	)
MSCI	USD	1		07/18/25	Annual	0.000		Shihlin Electric & Engineering Corp.			—		(293	)		(293	)

PACE Alternative Strategies Investments
Portfolio of investments – October 31, 2024 (unaudited)

Counterparty	Notional amount (000)			Maturity Date	Payment frequency	Payment made by the Portfolio⁹		Payments received by the Portfolio⁹		Upfront payments received (made)		Value			Unrealized appreciation (depreciation)
MSCI	USD	1		08/20/25	Annual	0.000	%	Taiwan Semiconductor Manufacturing Co. Ltd.		$	—	$	(960	)	$	(960	)
MSCI	USD	—		08/20/25	Annual	0.000		Elan Microelectronics Corp.			—		(10	)		(10	)
MSCI	USD	(5	)	08/20/25	Annual	0.000		Thai Oil PCL			—		1,231			1,231
MSCI	USD	1		08/27/25	Annual	0.000		Asia Vital Components Co. Ltd.			—		(1,230	)		(1,230	)
MSCI	USD	—		09/04/25	Annual	0.000		Novatek Microelectronics Corp.			—		36			36
MSCI	USD	1		10/07/25	Annual	0.000		Delta Electronics, Inc.			—		240			240
MSCI	USD	1		10/20/25	Monthly	0.000		MSCI World Net Return Index			—		(683	)		(683	)
MSCI	USD	2		10/20/25	Monthly	0.000		Mini Middle East HSFO			—		172			172
MSCI	USD	1		07/17/26	Annual	0.000		Gigabyte Technology Co. Ltd.			—		(279	)		(279	)
MSCI	USD	262		07/20/26	At Maturity	0.000		Cia de Saneamento Basico do Estado de Sao Paulo SABESP			—		(2,808	)		(2,808	)
MSCI	USD	(1	)	07/20/26	Annual	0.000		TXC Corp.			—		(64	)		(64	)
MSCI	USD	1		07/20/26	At Maturity	0.000		All Ring Tech Co. Ltd.			—		34			34
MSCI	USD	—		07/21/26	Annual	0.000		LS Electric Co. Ltd.			—		(2,596	)		(2,596	)
MSCI	USD	2		07/21/26	Annual	0.000		Samsung Heavy Industries Co. Ltd.			—		(1,360	)		(1,360	)
MSCI	USD	—		07/21/26	Annual	0.000		SK Hynix, Inc.			—		(1,332	)		(1,332	)
MSCI	USD	—		07/21/26	Annual	0.000		Hanwha Ocean Co. Ltd.			—		(393	)		(393	)
MSCI	USD	—		07/21/26	Annual	0.000		HD Hyundai Electric Co. Ltd.			—		1,383			1,383
MSCI	USD	—		07/21/26	Annual	0.000		HD Hyundai Heavy Industries Co. Ltd.			—		(566	)		(566	)
MSCI	BRL	(1	)	07/21/26	Annual	JBS SA		0.000	%		—		(509	)		(509	)
MSCI	USD	8		07/21/26	Annual	0.000		ADNOC Drilling Co. PJSC			—		550			550
MSCI	USD	4		07/21/26	Annual	0.000		Qatar Gas Transport Co. Ltd.			—		(133	)		(133	)

PACE Alternative Strategies Investments
Portfolio of investments – October 31, 2024 (unaudited)

Counterparty	Notional amount (000)			Maturity Date	Payment frequency	Payment made by the Portfolio⁹		Payments received by the Portfolio⁹		Upfront payments received (made)		Value			Unrealized appreciation (depreciation)
MSCI	USD	—		07/21/26	Annual	0.000	%	Banca Transilvania SA		$	—	$	27		$	27
MSCI	USD	—		07/21/26	Annual	0.000		King Slide Works Co. Ltd.			—		1,789			1,789
MSCI	USD	1		07/21/26	Annual	0.000		Chroma ATE, Inc.			—		267			267
MSCI	USD	1		07/21/26	Annual	0.000		AURAS Technology Co. Ltd.			—		(1,431	)		(1,431	)
MSCI	USD	—		07/21/26	Annual	0.000		Alchip Technologies Ltd.			—		525			525
MSCI	USD	1		07/21/26	Annual	0.000		Gudeng Precision Industrial Co. Ltd.			—		(1,012	)		(1,012	)
MSCI	USD	—		07/21/26	Annual	0.000		ASPEED Technology, Inc.			—		(796	)		(796	)
MSCI	USD	(1	)	07/21/26	Annual	0.000		FLEXium Interconnect, Inc.			—		8			8
MSCI	USD	(11	)	07/21/26	Annual	0.000		Star Petroleum Refining PCL			—		67			67
MSCI	USD	250		07/16/27	Annual	0.000		MSFPACEAL TRS USD R E MSFPACE INDEX			—		(96,393	)		(96,393	)
MSCI	USD	—		07/16/27	Annual	0.000		Realtek Semiconductor Corp.			—		41			41
MSCI	USD	(2	)	07/20/27	Annual	Acer, Inc.		0.000	%		—		56			56
MSCI	USD	—		07/20/27	Annual	0.000		Asustek Computer, Inc.			—		83			83
MSCI	USD	—		07/26/27	Annual	0.000		Fortune Electric Co. Ltd.			—		(793	)		(793	)
MSCI	BRL	—		07/26/27	Annual	0.000		CPFL Energia SA			—		—			—
										$	0	$	73,498		$	73,498

PACE Alternative Strategies Investments
Portfolio of investments – October 31, 2024 (unaudited)

Forward foreign currency contracts

Counterparty	Sell		Purchase		Settlement date	Unrealized appreciation (depreciation)
BB	USD	106,769	THB	3,596,000	01/03/25	$	239
BB	USD	108,719	PEN	408,000	01/10/25		(661	)
BB	CHF	159,800	USD	188,310	01/16/25		1,725
BB	CHF	9,300	USD	10,832	01/16/25		(26	)
BB	USD	109,395	MYR	469,000	01/17/25		(1,879	)
BB	JPY	16,550,000	USD	111,057	01/24/25		967
BB	THB	3,665,000	USD	109,003	01/31/25		(258	)
BB	BRL	1,234,000	USD	223,272	11/01/24		9,810
BB	COP	893,502,000	USD	219,458	11/01/24		17,548
BB	PEN	410,000	USD	109,385	11/04/24		733
BB	USD	113,080	HUF	39,982,000	11/04/24		(6,538	)
BB	BRL	1,228,000	USD	218,356	11/08/24		6,066
BB	CZK	2,484,000	USD	107,681	11/08/24		964
BB	USD	109,251	HUF	38,948,000	11/08/24		(5,479	)
BB	HUF	39,182,000	USD	108,306	11/15/24		3,947
BB	MXN	2,069,000	USD	102,945	11/15/24		(256	)
BB	USD	111,678	CHF	94,000	11/15/24		(2,694	)
BB	USD	108,606	HUF	39,182,000	11/15/24		(4,248	)
BB	USD	107,381	MXN	2,069,000	11/15/24		(4,180	)
BB	BRL	1,196,000	USD	212,038	11/18/24		5,544

PACE Alternative Strategies Investments
Portfolio of investments – October 31, 2024 (unaudited)

Counterparty	Sell		Purchase		Settlement date	Unrealized appreciation (depreciation)
BB	USD	216,214	BRL	1,196,000	11/18/24	$	(9,720	)
BB	USD	216,048	BRL	1,188,000	11/22/24		(11,024	)
BB	USD	218,734	COP	886,456,000	11/22/24		(18,902	)
BB	HUF	38,778,000	USD	109,586	11/29/24		6,380
BB	JPY	15,925,000	USD	111,233	11/29/24		6,098
BB	USD	217,948	BRL	1,208,000	11/29/24		(9,630	)
BB	USD	216,410	COP	884,272,000	11/29/24		(17,278	)
BB	HUF	38,852,000	USD	108,892	12/05/24		5,521
BB	USD	217,704	BRL	1,228,000	12/05/24		(6,072	)
BB	USD	110,760	CHF	93,000	12/05/24		(2,702	)
BB	USD	111,501	CLP	100,344,000	12/05/24		(7,163	)
BB	USD	110,637	JPY	15,935,000	12/05/24		(5,355	)
BB	USD	108,883	PEN	412,000	12/05/24		256
BB	CHF	93,000	USD	110,815	12/12/24		2,668
BB	HUF	39,507,000	USD	109,408	12/12/24		4,334
BB	THB	3,707,000	USD	110,480	12/12/24		349
BB	USD	216,624	BRL	1,226,000	12/12/24		(5,486	)
BB	USD	111,310	CLP	103,807,000	12/12/24		(3,372	)
BB	JPY	15,588,000	USD	105,451	12/19/24		2,254
BNP	TWD	3,516,000	USD	111,753	01/03/25		1,410
BNP	USD	110,142	TWD	3,516,000	01/03/25		201
BNP	CNY	776,000	USD	111,318	01/09/25		1,693
BNP	SEK	6,700	USD	637	01/16/25		5
BNP	TWD	7,006,000	USD	220,024	01/17/25		(142	)
BNP	EUR	101,000	USD	109,796	01/24/25		(455	)
BNP	TWD	10,519,000	USD	331,527	01/24/25		736
BNP	USD	216,536	BRL	1,250,000	01/24/25		(2,404	)
BNP	USD	108,370	CLP	100,977,000	10/01/25		(3,760	)
BNP	AUD	168,000	USD	110,190	11/01/24		(371	)
BNP	EUR	101,000	USD	109,882	11/01/24		19
BNP	USD	112,520	CNY	797,000	11/01/24		(513	)
BNP	USD	115,213	CZK	2,577,000	11/01/24		(4,507	)
BNP	USD	113,829	SGD	148,000	11/01/24		(1,750	)
BNP	USD	114,154	TWD	3,610,000	11/01/24		(1,483	)
BNP	ZAR	2,013,000	USD	112,678	11/01/24		(1,503	)
BNP	TWD	3,506,000	USD	108,456	11/08/24		(1,010	)
BNP	USD	111,466	AUD	165,000	11/08/24		(2,874	)
BNP	USD	108,890	SGD	142,000	11/08/24		(1,336	)
BNP	USD	109,994	TWD	3,506,000	11/08/24		(528	)
BNP	ZAR	1,990,000	USD	110,719	11/08/24		(2,119	)
BNP	COP	891,384,000	USD	210,622	11/12/24		9,378
BNP	COP	883,034,000	USD	203,696	11/15/24		4,426
BNP	EUR	100,000	USD	109,630	11/15/24		805
BNP	NOK	1,173,000	USD	108,895	11/15/24		2,252
BNP	USD	110,837	TWD	3,536,000	11/15/24		(361	)
BNP	JPY	16,086,000	USD	115,460	11/22/24		9,358
BNP	USD	111,519	TWD	3,513,000	11/22/24		(1,686	)
BNP	ZAR	1,954,000	USD	110,294	11/22/24		(371	)
BNP	BRL	1,208,000	USD	218,602	11/29/24		10,284

PACE Alternative Strategies Investments
Portfolio of investments – October 31, 2024 (unaudited)

Counterparty	Sell		Purchase		Settlement date	Unrealized appreciation (depreciation)
BNP	CNY	783,000	USD	110,819	11/29/24	$	568
BNP	CZK	4,922,000	USD	220,208	11/29/24		8,664
BNP	SEK	1,120,000	USD	110,356	11/29/24		5,107
BNP	TWD	3,508,000	USD	111,333	11/29/24		1,581
BNP	USD	109,188	HUF	38,778,000	11/29/24		(5,982	)
BNP	USD	110,761	SEK	1,120,000	11/29/24		(5,513	)
BNP	USD	110,307	TWD	3,508,000	11/29/24		(555	)
BNP	USD	109,021	ZAR	1,952,000	11/29/24		1,465
BNP	CNY	778,000	USD	110,241	12/05/24		643
BNP	TWD	3,507,000	USD	110,369	12/05/24		584
BNP	USD	109,475	AUD	162,000	12/05/24		(2,828	)
BNP	USD	111,306	CNY	778,000	12/05/24		(1,709	)
BNP	USD	107,242	COP	455,443,000	12/05/24		(4,771	)
BNP	USD	111,035	TWD	3,507,000	12/05/24		(1,250	)
BNP	USD	108,468	ZAR	1,954,000	12/05/24		2,074
BNP	TWD	3,537,000	USD	111,191	12/12/24		400
BNP	USD	107,240	COP	466,603,000	12/12/24		(2,342	)
BNP	USD	110,218	NOK	1,187,000	12/12/24		(2,289	)
BNP	TWD	7,072,000	USD	225,286	12/19/24		3,632
BNP	USD	112,271	JPY	15,588,000	12/19/24		(9,074	)
BNP	USD	220,856	TWD	7,072,000	12/19/24		798
BNP	USD	110,210	ZAR	1,957,000	12/19/24		368
BNP	CNY	787,000	USD	111,845	12/20/24		846
BNP	INR	9,289,000	USD	110,150	12/20/24		(118	)
BNP	BRL	1,222,000	USD	212,412	12/26/24		2,264
BNP	TWD	7,054,000	USD	222,544	12/26/24		1,322
BNP	USD	220,308	BRL	1,222,000	12/26/24		(10,160	)
BNP	USD	221,362	TWD	7,054,000	12/26/24		(138	)
BNP	USD	214,946	EUR	198,000	12/27/24		920
BNP	HUF	39,122,000	USD	110,027	12/30/24		6,080
BOA	USD	104,995	AUD	160,000	01/03/25		360
BOA	ZAR	3,821,000	USD	214,116	01/03/25		(1,506	)
BOA	CNY	769,000	USD	109,756	01/10/25		1,111
BOA	CZK	2,514,000	USD	109,397	01/10/25		1,182
BOA	AUD	165,000	USD	108,291	01/31/25		(367	)
BOA	KRW	150,651,000	USD	108,924	01/31/25		(730	)
BOA	USD	107,557	ZAR	1,924,000	01/31/25		744
BOA	USD	111,984	CNY	783,000	11/29/24		(1,732	)
BOA	USD	111,507	CNY	783,000	12/12/24		(1,143	)
BOA	USD	108,415	CZK	2,495,000	12/12/24		(1,137	)
BOA	CNY	777,000	USD	111,392	12/27/24		1,741
CITI	HUF	39,844,000	USD	108,835	01/10/25		3,034
CITI	USD	108,563	INR	9,156,000	01/10/25		21
CITI	EUR	1,211,589	USD	1,330,109	01/16/25		8,006
CITI	EUR	28,600	USD	31,018	01/16/25		(191	)
CITI	GBP	43,300	USD	56,232	01/16/25		413
CITI	USD	1,853	DKK	12,700	01/16/25		6
CITI	USD	7,057	EUR	6,500	01/16/25		35
CITI	USD	3,049,748	EUR	2,778,000	01/16/25		(18,358	)

PACE Alternative Strategies Investments
Portfolio of investments – October 31, 2024 (unaudited)

Counterparty	Sell		Purchase		Settlement date	Unrealized appreciation (depreciation)
CITI	SGD	148,000	USD	110,597	11/01/24	$	(1,482	)
CITI	USD	109,366	GBP	85,000	11/01/24		238
CITI	USD	108,920	ZAR	2,013,000	11/01/24		5,261
CITI	CLP	102,306,000	USD	107,543	11/08/24		1,134
CITI	EUR	98,000	USD	107,547	11/08/24		929
CITI	USD	110,107	AUD	165,000	11/15/24		(1,507	)
CITI	INR	9,226,000	USD	109,568	12/12/24		8
CITI	USD	107,996	HUF	39,507,000	12/12/24		(2,922	)
DB	BRL	1,204,000	USD	209,228	01/03/25		2,342
DB	USD	218,964	BRL	1,204,000	01/03/25		(12,078	)
DB	AUD	324,000	USD	217,656	01/17/25		4,302
DB	USD	106,797	MXN	2,111,000	01/17/25		(2,602	)
DB	USD	215,105	BRL	1,243,000	01/31/25		(2,404	)
DB	INR	9,218,000	USD	109,875	11/29/24		350
DB	MXN	2,128,000	USD	108,685	11/29/24		2,798
DB	BRL	1,228,000	USD	224,072	12/05/24		12,440
DB	USD	108,854	PHP	6,195,000	12/11/24		(2,295	)
DB	USD	109,841	INR	9,228,000	12/26/24		(326	)
DB	USD	110,184	PLN	423,000	12/27/24		(4,699	)
GS	USD	108,825	MXN	2,173,000	01/03/25		(1,326	)
GS	THB	3,656,000	USD	109,658	01/10/25		813
GS	GBP	2,400	USD	3,119	01/16/25		24
GS	USD	12,734	GBP	9,800	01/16/25		(101	)
GS	HUF	39,926,000	USD	108,328	01/17/25		2,350
GS	THB	3,674,000	USD	110,218	01/27/25		717
GS	CNY	797,000	USD	110,474	11/01/24		(1,533	)
GS	CZK	2,577,000	USD	110,139	11/01/24		(566	)
GS	NOK	1,207,000	USD	114,775	11/01/24		5,050
GS	USD	110,444	CLP	105,020,000	11/04/24		1,210
GS	AUD	165,000	USD	107,435	11/08/24		(1,157	)
GS	HUF	38,948,000	USD	106,845	11/08/24		3,073
GS	NOK	1,178,000	USD	110,899	11/08/24		3,807
GS	AUD	165,000	USD	109,063	11/15/24		463
GS	USD	221,144	CZK	5,016,000	11/15/24		(5,620	)
GS	CZK	2,495,000	USD	110,148	11/22/24		2,929
GS	USD	108,143	MXN	2,057,000	11/22/24		(5,664	)
GS	NOK	1,156,000	USD	110,840	11/29/24		5,734
GS	THB	3,742,000	USD	110,501	11/29/24		(568	)
GS	USD	218,534	CZK	4,922,000	11/29/24		(6,990	)
GS	USD	107,814	MXN	2,128,000	11/29/24		(1,927	)
GS	USD	109,962	NOK	1,156,000	11/29/24		(4,856	)
GS	USD	109,422	NOK	1,162,000	12/05/24		(3,768	)
GS	CZK	2,495,000	USD	110,072	12/12/24		2,793
GS	NOK	1,187,000	USD	111,576	12/12/24		3,647
GS	USD	110,991	THB	3,707,000	12/12/24		(861	)
GS	GBP	84,000	USD	109,800	12/19/24		1,495
GS	USD	106,651	HUF	39,274,000	12/19/24		(2,237	)
GS	USD	108,679	THB	3,630,000	12/26/24		(724	)
GS	CZK	2,489,000	USD	110,570	12/27/24		3,485

PACE Alternative Strategies Investments
Portfolio of investments – October 31, 2024 (unaudited)

Counterparty	Sell		Purchase		Settlement date	Unrealized appreciation (depreciation)
GSI	COP	464,431,000	USD	105,648	01/03/25	$	1,500
GSI	IDR	3,356,084,000	USD	212,156	01/03/25		(1,308	)
GSI	PEN	409,000	USD	108,414	01/03/25		87
GSI	USD	108,661	COP	464,431,000	01/03/25		(4,513	)
GSI	USD	109,900	PEN	409,000	01/03/25		(1,574	)
GSI	USD	106,579	COP	458,188,000	01/17/25		(4,017	)
GSI	USD	109,671	PHP	6,346,000	01/23/25		(551	)
GSI	INR	9,221,000	USD	109,189	01/24/25		(86	)
GSI	USD	108,799	COP	469,004,000	01/24/25		(3,915	)
GSI	USD	218,370	IDR	3,413,132,000	01/24/25		(1,456	)
GSI	USD	106,691	COP	470,695,000	01/31/25		(1,529	)
GSI	USD	215,996	IDR	3,421,370,000	01/31/25		1,380
GSI	USD	214,598	BRL	1,198,000	10/01/25		(18,490	)
GSI	USD	107,566	COP	459,674,000	10/01/25		(7,865	)
GSI	IDR	3,581,992,000	USD	230,250	11/01/24		2,024
GSI	TWD	3,610,000	USD	110,506	11/01/24		(2,166	)
GSI	USD	215,226	COP	893,502,000	11/01/24		(13,316	)
GSI	CLP	105,020,000	USD	109,598	11/04/24		364
GSI	INR	9,200,000	USD	109,358	11/04/24		(53	)
GSI	PEN	410,000	USD	108,627	11/04/24		(26	)
GSI	USD	115,535	CLP	105,020,000	11/04/24		(6,301	)
GSI	USD	109,413	INR	9,200,000	11/04/24		(2	)
GSI	USD	109,567	PEN	410,000	11/04/24		(915	)
GSI	PHP	6,201,000	USD	109,535	11/07/24		2,830
GSI	USD	107,141	PHP	6,201,000	11/07/24		(436	)
GSI	IDR	3,467,421,000	USD	222,456	11/08/24		1,553
GSI	INR	9,001,000	USD	106,985	11/08/24		(49	)
GSI	MYR	480,000	USD	110,210	11/08/24		572
GSI	USD	213,936	BRL	1,228,000	11/08/24		(1,648	)
GSI	USD	110,479	CLP	102,306,000	11/08/24		(4,070	)
GSI	USD	213,801	IDR	3,467,421,000	11/08/24		7,102
GSI	USD	108,257	MYR	480,000	11/08/24		1,380
GSI	USD	212,288	COP	891,384,000	11/12/24		(11,042	)
GSI	IDR	3,447,626,000	USD	222,600	11/15/24		3,000
GSI	MYR	484,000	USD	111,777	11/15/24		1,185
GSI	USD	215,406	COP	883,034,000	11/15/24		(16,136	)
GSI	USD	216,804	IDR	3,447,626,000	11/15/24		2,794
GSI	USD	109,532	MYR	484,000	11/15/24		1,061
GSI	CLP	101,632,000	USD	108,888	11/18/24		3,191
GSI	USD	107,027	CLP	101,632,000	11/18/24		(1,329	)
GSI	USD	108,519	INR	9,142,000	11/18/24		150
GSI	BRL	1,188,000	USD	214,508	11/22/24		9,484
GSI	CLP	101,490,000	USD	110,344	11/22/24		4,799
GSI	COP	886,456,000	USD	206,574	11/22/24		6,742
GSI	INR	9,211,000	USD	109,737	11/22/24		265
GSI	TWD	3,513,000	USD	111,804	11/22/24		1,971
GSI	USD	218,460	IDR	3,392,678,000	11/22/24		(2,406	)
GSI	USD	109,577	INR	9,211,000	11/22/24		(104	)
GSI	CLP	99,514,000	USD	109,443	11/29/24		5,961

PACE Alternative Strategies Investments
Portfolio of investments – October 31, 2024 (unaudited)

Counterparty	Sell		Purchase		Settlement date	Unrealized appreciation (depreciation)
GSI	COP	884,272,000	USD	212,314	11/29/24	$	13,182
GSI	IDR	3,407,061,000	USD	224,001	11/29/24		7,077
GSI	USD	218,766	IDR	3,407,061,000	11/29/24		(1,841	)
GSI	USD	109,454	INR	9,218,000	11/29/24		71
GSI	CLP	100,344,000	USD	108,322	12/05/24		3,984
GSI	COP	455,443,000	USD	106,915	12/05/24		4,445
GSI	PEN	412,000	USD	110,716	12/05/24		1,577
GSI	USD	217,574	IDR	3,394,814,000	12/05/24		(1,468	)
GSI	USD	108,991	INR	9,180,000	12/05/24		56
GSI	PHP	6,195,000	USD	109,698	12/11/24		3,139
GSI	BRL	1,226,000	USD	220,288	12/12/24		9,150
GSI	CLP	103,807,000	USD	109,286	12/12/24		1,347
GSI	COP	466,603,000	USD	109,591	12/12/24		4,693
GSI	MYR	477,000	USD	111,431	12/12/24		2,285
GSI	USD	218,949	IDR	3,394,587,000	12/12/24		(2,900	)
GSI	USD	110,336	MYR	477,000	12/12/24		(1,190	)
GSI	COP	470,389,000	USD	109,793	12/19/24		4,128
GSI	USD	219,762	BRL	1,222,000	12/19/24		(9,464	)
GSI	USD	109,217	COP	470,389,000	12/19/24		(3,552	)
GSI	USD	110,986	PEN	420,000	12/19/24		263
GSI	USD	110,516	INR	9,289,000	12/20/24		(248	)
GSI	COP	458,597,000	USD	106,768	12/26/24		3,834
GSI	USD	109,726	COP	458,597,000	12/26/24		(6,792	)
GSI	IDR	3,349,994,000	USD	214,592	12/27/24		1,474
GSI	USD	220,018	IDR	3,349,994,000	12/27/24		(6,900	)
HSBC	CAD	149,000	USD	110,354	01/02/25		3,108
HSBC	USD	107,447	CAD	149,000	01/02/25		(201	)
HSBC	USD	107,056	CZK	2,511,000	01/03/25		1,006
HSBC	USD	104,997	HUF	39,497,000	01/03/25		(77	)
HSBC	USD	219,848	IDR	3,356,084,000	01/03/25		(6,386	)
HSBC	JPY	15,866,000	USD	111,744	01/06/25		6,433
HSBC	CHF	93,000	USD	109,963	01/10/25		1,447
HSBC	USD	217,016	IDR	3,412,428,000	01/10/25		(24	)
HSBC	KRW	147,087,000	USD	109,670	01/13/25		2,707
HSBC	TWD	7,032,000	USD	220,496	01/13/25		(398	)
HSBC	DKK	2,300	USD	336	01/16/25		0
HSBC	NOK	341,600	USD	31,556	01/16/25		494
HSBC	USD	146	DKK	1,000	01/16/25		0
HSBC	USD	108,938	PHP	6,296,000	01/16/25		(671	)
HSBC	CNY	776,000	USD	109,612	01/17/25		(86	)
HSBC	THB	3,629,000	USD	109,179	01/17/25		1,089
HSBC	USD	214,408	BRL	1,218,000	01/17/25		(5,534	)
HSBC	USD	217,024	IDR	3,391,710,000	01/17/25		(1,410	)
HSBC	AUD	164,000	USD	109,692	01/24/25		1,695
HSBC	HUF	40,555,000	USD	109,168	01/27/25		1,580
HSBC	CZK	2,550,000	USD	108,787	01/31/25		(1,034	)
HSBC	HUF	40,713,000	USD	108,081	01/31/25		98
HSBC	USD	114,007	AUD	168,000	11/01/24		(3,446	)
HSBC	USD	216,434	BRL	1,234,000	11/01/24		(2,972	)

PACE Alternative Strategies Investments
Portfolio of investments – October 31, 2024 (unaudited)

Counterparty	Sell		Purchase		Settlement date	Unrealized appreciation (depreciation)
HSBC	USD	113,163	EUR	101,000	11/01/24	$	(3,300	)
HSBC	USD	218,804	IDR	3,581,992,000	11/01/24		9,422
HSBC	INR	9,200,000	USD	109,413	11/04/24		2
HSBC	USD	115,382	CHF	97,000	11/04/24		(3,055	)
HSBC	USD	109,530	INR	9,200,000	11/04/24		(118	)
HSBC	CHF	92,000	USD	108,860	11/08/24		2,276
HSBC	USD	108,707	CHF	92,000	11/08/24		(2,123	)
HSBC	USD	108,606	EUR	98,000	11/08/24		(1,988	)
HSBC	USD	106,869	INR	9,001,000	11/08/24		165
HSBC	CHF	94,000	USD	109,548	11/15/24		564
HSBC	USD	110,664	EUR	100,000	11/15/24		(1,839	)
HSBC	USD	108,812	NOK	1,173,000	11/15/24		(2,169	)
HSBC	USD	107,935	ZAR	1,980,000	11/15/24		4,270
HSBC	INR	9,142,000	USD	108,591	11/18/24		(79	)
HSBC	CHF	94,000	USD	110,492	11/22/24		1,426
HSBC	EUR	99,000	USD	110,152	11/22/24		2,385
HSBC	IDR	3,392,678,000	USD	220,912	11/22/24		4,858
HSBC	USD	112,271	CHF	94,000	11/22/24		(3,206	)
HSBC	USD	110,625	CZK	2,495,000	11/22/24		(3,406	)
HSBC	USD	110,057	NOK	1,161,000	11/22/24		(4,500	)
HSBC	AUD	162,000	USD	109,981	11/29/24		3,340
HSBC	CHF	93,000	USD	110,934	11/29/24		2,947
HSBC	EUR	196,000	USD	219,864	11/29/24		6,446
HSBC	USD	110,793	AUD	162,000	11/29/24		(4,152	)
HSBC	USD	114,243	THB	3,742,000	11/29/24		(3,174	)
HSBC	CHF	93,000	USD	110,217	12/05/24		2,159
HSBC	EUR	198,000	USD	219,662	12/05/24		4,016
HSBC	IDR	3,394,814,000	USD	222,624	12/05/24		6,518
HSBC	JPY	15,935,000	USD	111,744	12/05/24		6,462
HSBC	USD	111,548	KRW	146,480,000	12/05/24		(5,273	)
HSBC	EUR	200,000	USD	221,558	12/12/24		3,660
HSBC	IDR	3,394,587,000	USD	216,145	12/12/24		96
HSBC	USD	109,593	CHF	93,000	12/12/24		(1,445	)
HSBC	USD	109,466	INR	9,226,000	12/12/24		93
HSBC	USD	109,618	KRW	147,309,000	12/12/24		(2,696	)
HSBC	USD	110,250	TWD	3,537,000	12/12/24		541
HSBC	BRL	1,222,000	USD	215,766	12/19/24		5,468
HSBC	CHF	94,000	USD	112,603	12/19/24		3,202
HSBC	CZK	2,507,000	USD	111,226	12/19/24		3,401
HSBC	IDR	3,401,455,000	USD	217,901	12/19/24		1,460
HSBC	USD	221,249	IDR	3,401,455,000	12/19/24		(4,807	)
HSBC	USD	110,794	THB	3,689,000	12/19/24		(1,141	)
HSBC	USD	110,951	CNY	787,000	12/20/24		49
HSBC	USD	107,653	KRW	146,126,000	12/20/24		(1,537	)
HSBC	THB	3,630,000	USD	111,004	12/26/24		3,049
HSBC	USD	107,937	CAD	149,000	12/27/24		(717	)
HSBC	USD	105,411	HUF	39,122,000	12/30/24		(1,464	)
JPMCB	THB	3,596,000	USD	111,015	01/03/25		4,007
JPMCB	USD	104,130	JPY	15,866,000	01/06/25		1,181

PACE Alternative Strategies Investments
Portfolio of investments – October 31, 2024 (unaudited)

Counterparty	Sell		Purchase		Settlement date	Unrealized appreciation (depreciation)
JPMCB	USD	108,926	CNY	776,000	01/09/25	$	698
JPMCB	USD	216,600	ZAR	3,820,000	01/10/25		(1,169	)
JPMCB	DKK	751,800	USD	110,686	01/16/25		622
JPMCB	DKK	42,200	USD	6,169	01/16/25		(9	)
JPMCB	EUR	6,300	USD	6,864	01/16/25		(10	)
JPMCB	SEK	27,200	USD	2,604	01/16/25		41
JPMCB	SEK	31,000	USD	2,914	01/16/25		(7	)
JPMCB	USD	1,746	CHF	1,500	01/16/25		6
JPMCB	USD	3,834	DKK	26,400	01/16/25		31
JPMCB	USD	16,569	EUR	15,200	01/16/25		17
JPMCB	USD	6,520	SEK	67,700	01/16/25		(140	)
JPMCB	CHF	94,000	USD	110,283	01/17/25		516
JPMCB	CZK	2,519,000	USD	109,245	01/17/25		796
JPMCB	USD	217,342	ZAR	3,855,000	01/24/25		(210	)
JPMCB	CHF	94,000	USD	109,381	01/31/25		(555	)
JPMCB	JPY	16,684,000	USD	109,834	01/31/25		(1,241	)
JPMCB	NZD	182,000	USD	108,631	01/31/25		(254	)
JPMCB	GBP	63,730	USD	82,020	02/28/25		(124	)
JPMCB	USD	110,078	NOK	1,207,000	11/01/24		(353	)
JPMCB	USD	774	JPY	117,937	11/05/24		2
JPMCB	USD	110,284	JPY	16,084,000	11/15/24		(4,290	)
JPMCB	AUD	1,337	USD	884	11/29/24		3
JPMCB	CNH	4,688,395	USD	658,181	11/29/24		(1,260	)
JPMCB	EUR	3,232	USD	3,500	11/29/24		(18	)
JPMCB	GBP	2,166	USD	2,812	11/29/24		19
JPMCB	HUF	82,212,485	USD	219,325	11/29/24		519
JPMCB	HUF	30,175,472	USD	80,000	11/29/24		(311	)
JPMCB	MXN	2,391,972	USD	118,752	11/29/24		(270	)
JPMCB	NOK	329,396	USD	30,000	11/29/24		51
JPMCB	NOK	2,543,384	USD	230,837	11/29/24		(411	)
JPMCB	PLN	120,089	USD	30,000	11/29/24		21
JPMCB	PLN	281,904	USD	70,000	11/29/24		(376	)
JPMCB	SEK	105,935	USD	10,000	11/29/24		45
JPMCB	SEK	1,280,785	USD	120,000	11/29/24		(357	)
JPMCB	SGD	39,680	USD	30,030	11/29/24		(53	)
JPMCB	USD	111,231	JPY	15,925,000	11/29/24		(6,097	)
JPMCB	USD	140,290	PLN	564,406	11/29/24		611
JPMCB	USD	159,487	SEK	1,689,580	11/29/24		(714	)
JPMCB	USD	848,857	SGD	1,120,851	11/29/24		908
JPMCB	USD	1,673,940	ZAR	29,652,551	11/29/24		4,432
JPMCB	USD	133,000	ZAR	2,339,935	11/29/24		(557	)
JPMCB	ZAR	3,897,542	USD	219,559	11/29/24		(1,048	)
JPMCB	THB	3,741,000	USD	109,902	12/06/24		(1,190	)
JPMCB	USD	115,283	THB	3,741,000	12/06/24		(4,192	)
JPMCB	CNY	783,000	USD	110,871	12/12/24		507
JPMCB	JPY	15,729,000	USD	107,301	12/12/24		3,275
JPMCB	ZAR	3,938,000	USD	223,861	12/12/24		1,214
JPMCB	BRL	15,729,447	USD	2,820,794	12/18/24		113,584
JPMCB	BRL	174,540	USD	30,000	12/18/24		(40	)

PACE Alternative Strategies Investments
Portfolio of investments – October 31, 2024 (unaudited)

Counterparty	Sell		Purchase		Settlement date	Unrealized appreciation (depreciation)
JPMCB	CLP	382,358,770	USD	408,915	12/18/24	$	11,338
JPMCB	CLP	9,631,600	USD	10,000	12/18/24		(15	)
JPMCB	COP	1,505,624,210	USD	349,764	12/18/24		11,514
JPMCB	IDR	20,016,006,075	USD	1,292,448	12/18/24		18,751
JPMCB	IDR	185,314,294	USD	11,770	12/18/24		(22	)
JPMCB	INR	4,453,325	USD	53,000	12/18/24		131
JPMCB	INR	13,189,066	USD	156,423	12/18/24		(157	)
JPMCB	KRW	2,276,685,132	USD	1,710,365	12/18/24		57,255
JPMCB	KRW	235,263,590	USD	170,000	12/18/24		(826	)
JPMCB	PHP	13,771,910	USD	239,485	12/18/24		2,608
JPMCB	PHP	3,497,460	USD	60,000	12/18/24		(156	)
JPMCB	THB	113,165,741	USD	3,409,201	12/18/24		45,678
JPMCB	THB	6,373,110	USD	189,000	12/18/24		(422	)
JPMCB	TWD	28,801,366	USD	911,632	12/18/24		9,004
JPMCB	TWD	13,626,036	USD	426,398	12/18/24		(637	)
JPMCB	USD	3,659,358	BRL	20,729,469	12/18/24		(91,585	)
JPMCB	USD	754,743	CLP	700,247,081	12/18/24		(26,623	)
JPMCB	USD	207,161	COP	888,917,290	12/18/24		(7,459	)
JPMCB	USD	34,647	IDR	545,340,992	12/18/24		55
JPMCB	USD	2,161,343	IDR	33,466,547,621	12/18/24		(31,730	)
JPMCB	USD	209,769	INR	17,681,339	12/18/24		141
JPMCB	USD	210,000	INR	17,634,856	12/18/24		(641	)
JPMCB	USD	70,000	KRW	96,657,182	12/18/24		183
JPMCB	USD	1,670,953	KRW	2,221,461,024	12/18/24		(57,941	)
JPMCB	USD	243,524	PHP	13,708,716	12/18/24		(7,734	)
JPMCB	USD	367,522	THB	12,401,214	12/18/24		1,068
JPMCB	USD	1,812,792	THB	60,068,623	12/18/24		(27,425	)
JPMCB	USD	311,006	TWD	9,956,941	12/18/24		1,042
JPMCB	USD	1,050,554	TWD	33,115,799	12/18/24		(12,714	)
JPMCB	THB	3,689,000	USD	111,551	12/19/24		1,898
JPMCB	USD	109,901	CHF	94,000	12/19/24		(501	)
JPMCB	USD	108,577	CZK	2,507,000	12/19/24		(752	)
JPMCB	USD	111,109	GBP	84,000	12/19/24		(2,805	)
JPMCB	ZAR	3,809,000	USD	215,263	12/27/24		188
JPMCB	GBP	58,473	USD	77,265	12/31/24		1,876
JPMCB	GBP	44,087	USD	55,812	12/31/24		(1,029	)
MSCI	AUD	160,000	USD	110,711	01/03/25		5,357
MSCI	CZK	2,511,000	USD	110,679	01/03/25		2,617
MSCI	HUF	39,497,000	USD	110,135	01/03/25		5,214
MSCI	MXN	2,173,000	USD	107,147	01/03/25		(352	)
MSCI	USD	219,744	ZAR	3,821,000	01/03/25		(4,123	)
MSCI	INR	9,254,000	USD	109,771	01/06/25		1
MSCI	AUD	162,000	USD	109,126	01/10/25		2,450
MSCI	USD	215,910	ZAR	3,838,000	01/17/25		402
MSCI	CZK	2,559,000	USD	109,959	01/24/25		(231	)
MSCI	KRW	151,266,000	USD	110,320	01/24/25		257
MSCI	USD	107,837	MXN	2,182,000	01/24/25		(259	)
MSCI	INR	9,126,000	USD	108,107	01/31/25		(2	)
MSCI	USD	106,859	MXN	2,177,000	01/31/25		352

PACE Alternative Strategies Investments
Portfolio of investments – October 31, 2024 (unaudited)

Counterparty	Sell		Purchase		Settlement date	Unrealized appreciation (depreciation)
MSCI	USD	216,080	CLP	205,097,000	02/04/25	$	(2,843	)
MSCI	GBP	85,000	USD	112,409	11/01/24		2,805
MSCI	CHF	97,000	USD	110,672	11/04/24		(1,655	)
MSCI	HUF	39,982,000	USD	109,565	11/04/24		3,023
MSCI	MXN	2,078,000	USD	103,642	11/08/24		(136	)
MSCI	SGD	142,000	USD	107,599	11/08/24		45
MSCI	USD	109,687	CZK	2,484,000	11/08/24		(2,969	)
MSCI	USD	107,205	NOK	1,178,000	11/08/24		(112	)
MSCI	USD	106,683	ZAR	1,990,000	11/08/24		6,155
MSCI	CNY	1,850,386	USD	260,685	11/15/24		414
MSCI	CZK	5,016,000	USD	217,827	11/15/24		2,303
MSCI	SGD	144,000	USD	109,290	11/15/24		187
MSCI	USD	101,283	CNY	714,812	11/15/24		(740	)
MSCI	ZAR	1,980,000	USD	110,072	11/15/24		(2,133	)
MSCI	KRW	68,471,958	USD	51,582	11/20/24		1,936
MSCI	USD	134,526	KRW	181,649,890	11/20/24		(2,819	)
MSCI	MXN	2,057,000	USD	105,182	11/22/24		2,704
MSCI	NOK	1,161,000	USD	109,895	11/22/24		4,339
MSCI	USD	109,578	CLP	101,490,000	11/22/24		(4,033	)
MSCI	USD	110,578	EUR	99,000	11/22/24		(2,811	)
MSCI	USD	110,187	HUF	39,087,000	11/22/24		(6,119	)
MSCI	USD	111,313	JPY	16,086,000	11/22/24		(5,211	)
MSCI	USD	108,953	ZAR	1,954,000	11/22/24		1,712
MSCI	MYR	478,000	USD	115,236	11/29/24		5,936
MSCI	USD	108,967	CLP	99,514,000	11/29/24		(5,485	)
MSCI	USD	218,920	EUR	196,000	11/29/24		(5,502	)
MSCI	USD	110,553	MYR	478,000	11/29/24		(1,253	)
MSCI	ZAR	1,952,000	USD	112,336	11/29/24		1,850
MSCI	AUD	162,000	USD	112,081	12/05/24		5,434
MSCI	CZK	4,957,000	USD	219,029	12/05/24		5,951
MSCI	KRW	146,480,000	USD	109,811	12/05/24		3,536
MSCI	NOK	1,162,000	USD	109,529	12/05/24		3,875
MSCI	USD	218,208	CZK	4,957,000	12/05/24		(5,131	)
MSCI	USD	108,408	HUF	38,852,000	12/05/24		(5,037	)
MSCI	ZAR	1,954,000	USD	112,658	12/05/24		2,116
MSCI	KRW	147,309,000	USD	110,362	12/12/24		3,440
MSCI	USD	218,442	ZAR	3,938,000	12/12/24		4,204
MSCI	EUR	200,000	USD	223,606	12/19/24		5,638
MSCI	HUF	39,274,000	USD	110,612	12/19/24		6,198
MSCI	ZAR	1,957,000	USD	110,370	12/19/24		(208	)
MSCI	KRW	146,126,000	USD	111,442	12/20/24		5,326
MSCI	CAD	149,000	USD	110,525	12/27/24		3,304
MSCI	EUR	198,000	USD	221,364	12/27/24		5,498
MSCI	PLN	423,000	USD	105,936	12/27/24		451
MSCI	USD	109,419	CNY	777,000	12/27/24		231
MSCI	USD	106,812	CZK	2,489,000	12/27/24		273
MSCI	USD	218,677	ZAR	3,809,000	12/27/24		(3,603	)
SCB	USD	109,899	INR	9,254,000	01/06/25		(129	)
SCB	EUR	198,000	USD	218,526	01/10/25		2,522

PACE Alternative Strategies Investments
Portfolio of investments – October 31, 2024 (unaudited)

Counterparty	Sell		Purchase		Settlement date	Unrealized appreciation (depreciation)
SCB	CHF	2,700	USD	3,163	01/16/25	$	10
SCB	EUR	2,778,000	USD	3,016,589	01/16/25		(14,802	)
SCB	GBP	528,008	USD	689,308	01/16/25		8,600
SCB	SEK	6,000	USD	570	01/16/25		4
SCB	USD	2,927	EUR	2,700	01/16/25		18
SCB	USD	15,832	GBP	12,200	01/16/25		(105	)
SCB	USD	6,941	SEK	73,100	01/16/25		(52	)
SCB	EUR	200,000	USD	219,062	01/17/25		810
SCB	USD	220,470	CLP	208,896,000	01/24/25		(3,274	)
SCB	USD	108,391	PHP	6,325,000	01/30/25		361
SCB	INR	9,180,000	USD	109,209	12/05/24		161
SCB	USD	220,428	EUR	200,000	12/12/24		(2,532	)
SCB	PEN	420,000	USD	111,341	12/19/24		92
SCB	USD	218,752	EUR	200,000	12/19/24		(786	)
SCB	PEN	417,000	USD	110,763	12/26/24		313
SCB	USD	110,686	PEN	417,000	12/26/24		(236	)
SG	EUR	198,000	USD	220,794	01/03/25		4,858
SG	USD	214,370	EUR	198,000	01/03/25		1,566
SG	USD	108,827	PLN	429,000	01/10/25		(1,906	)
SG	EUR	11,900	USD	13,000	01/16/25		15
SG	SEK	1,324,215	USD	128,086	01/16/25		3,302
SG	USD	6,336	EUR	5,800	01/16/25		(7	)
SG	USD	108,425	PLN	428,000	01/17/25		(1,779	)
SG	CHF	95,000	USD	110,936	01/24/25		(85	)
SG	EUR	101,000	USD	109,489	01/31/25		(795	)
SG	USD	105,740	MXN	2,078,000	11/08/24		(1,963	)
SG	JPY	16,084,000	USD	113,356	11/15/24		7,362
SG	TWD	3,536,000	USD	110,402	11/15/24		(74	)
SG	USD	110,744	SGD	144,000	11/15/24		(1,641	)
SG	HUF	39,087,000	USD	109,522	11/22/24		5,455
SG	USD	110,449	CHF	93,000	11/29/24		(2,462	)
SG	USD	220,520	EUR	198,000	12/05/24		(4,872	)
SG	USD	111,243	JPY	15,729,000	12/12/24		(7,217	)
SG	INR	9,228,000	USD	109,442	12/26/24		(73	)
SG	CHF	93,000	USD	110,775	12/27/24		2,436
SG	USD	108,238	CHF	93,000	12/27/24		102
SSB	USD	5,270	EUR	4,851	11/01/24		7
SSB	AUD	5,038	USD	3,304	11/04/24		(11	)
SSB	EUR	2,767	USD	3,004	11/04/24		(6	)
SSB	GBP	7,039	USD	9,067	11/04/24		(10	)
SSB	JPY	117,937	USD	774	11/04/24		(2	)
SSB	MXN	30,049	USD	1,498	11/04/24		(3	)
SSB	NOK	185,777	USD	16,862	11/04/24		(27	)
SSB	NZD	7,889	USD	4,699	11/04/24		(16	)
SSB	PLN	33,662	USD	8,395	11/04/24		(15	)
SSB	SEK	78,398	USD	7,335	11/04/24		(24	)
SSB	USD	3,004	EUR	2,767	11/04/24		6
SSB	USD	9,067	GBP	7,039	11/04/24		10
SSB	USD	1,498	MXN	30,049	11/04/24		3

PACE Alternative Strategies Investments
Portfolio of investments – October 31, 2024 (unaudited)

Counterparty	Sell		Purchase		Settlement date	Unrealized appreciation (depreciation)
SSB	USD	16,862	NOK	185,777	11/04/24	$	27
SSB	USD	4,699	NZD	7,889	11/04/24		16
SSB	USD	8,395	PLN	33,662	11/04/24		16
SSB	USD	7,335	SEK	78,398	11/04/24		24
SSB	USD	242	ZAR	4,273	11/04/24		2
SSB	ZAR	4,273	USD	242	11/04/24		(1	)
Net unrealized appreciation (depreciation)						$	(13,559	)

Fair valuation summary

Description	Unadjusted quoted prices in active market for identical investments (Level 1)			Other significant observable inputs (Level 2)			Unobservable inputs (Level 3)		Total
Assets
Common stocks	$	149,382,514		$	74		$	—	$	149,382,588
Preferred stocks		261,984			—			—		261,984
Exchange traded funds		3,746,192			—			—		3,746,192
Investment companies		31,939,861			—			—		31,939,861
Warrant		—			—			—		—
Corporate bonds		—			22,473,365			—		22,473,365
Short-term investments
Investment companies		—			115,395,358			—		115,395,358
Options purchased		903,943			416,867			—		1,320,810
Equity and foreign exchange options purchased		1,202,185			1,191,711			—		2,393,896
Futures contracts		268,997			—			—		268,997
Swap agreements		—			1,576,818			25,361		1,602,179
Forward foreign currency contracts		—			894,831			—		894,831
Total	$	187,705,676		$	141,949,024		$	25,361	$	329,680,061

Liabilities
Investments sold short
Common stocks	$	(65,467,218	)	$	—		$	—	$	(65,467,218	)
Preferred stocks		(255,019	)		—			—		(255,019	)
Exchange traded funds		(10,162,855	)		—			—		(10,162,855	)
Equity options written		(1,231,617	)		(111,841	)		—		(1,343,458	)
Futures contracts		(800,592	)		—			—		(800,592	)
Swap agreements		—			(2,524,235	)		—		(2,524,235	)
Forward foreign currency contracts		—			(908,390	)		—		(908,390	)
Total	$	(77,917,301	)	$	(3,544,466	)	$	—	$	(81,461,767	)

PACE Alternative Strategies Investments
Portfolio of investments – October 31, 2024 (unaudited)

At October 31, 2024, there were no transfers in or out of Level 3.

Securities valued using unobservable inputs, i.e. Level 3, were not considered significant to the Fund.

Portfolio footnotes

†

Amount represents less than 0.05% or (0.05)%.

*	Non–income producing security.
1	Security, or portion thereof, pledged as collateral for investments sold short, written options, futures and/or swap agreements.
2	Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933. These securities are considered liquid, unless noted otherwise, and may be resold in transactions exempt from registrations, normally to qualified institutional buyers. Securities exempt from registration pursuant to Rule 144A, in the amount of $2,293,055, represented 0.7% of the Portfolios net assets at period end.
3	Security fair valued by the Valuation Committee under the direction of the Board of Trustees.
4	Significant unobservable inputs were used in the valuation of this security; i.e. Level 3.
5	In U.S. dollars unless otherwise indicated.
6	Zero coupon bond.
7	Bond interest in default.
8	Rates shown reflect yield at October 31, 2024.
9	Payments made or received are based on the notional amount.
10	If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced obligation or (ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced or underlying securities comprising the referenced obligation.
11	If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced obligation or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced obligation.obligation or underlying securities comprising the referenced obligation.

PACE Select Advisors Trust

Glossary of terms used in the Portfolio of investments
October 31, 2024 (unaudited)

Portfolio acronyms:

ABS Asset-backed Security

ADR American Depositary Receipt

AGM Assured Guaranty Municipal

AID Anticipation Certificates of Indebtedness

AMBAC American Municipal Bond Assurance Corporation

AMT Alternative Minimum Tax

ARM Adjustable Rate Mortgage

BAM Build Americal Mutual

BBSW Bank Bill Swap Rate

BOBL Bundesobligationen

CDO Collateralized Debt Obligation

CJSC Closed Joint Stock Company

CLO Collateralized Loan Obligation

CMT Constant Maturity Treasury Index

COFI Cost of Funds Index

COP Certificate of Participation

CPI Consumer Price Index

DAC Designated Activity Company

DIP Debtor-in-possession

ETF Exchange Traded Fund

EURIBOR Euro Interbank Offered Rate

FHA Federal Housing Administration

FHLB Federal Home Loan Bank

FHLMC Federal Home Loan Mortgage Corporation

FNMA Federal National Mortgage Association

FRN Floating Rate Note

GDR Global Depositary Receipt

GMAC General Motors Acceptance Corporation

GNMA Government National Mortgage Association

GO General Obligation

GSAMP Goldman Sachs Asset Mortgage Passthrough

GTD Guaranteed

IO Interest Only

JSC Joint Stock Company

LIBOR London Interbank Offered Rate

MGIC Mortgage Guaranty Insurance Corporation

MTA Monthly Treasury Average Index

NVDR Non-Voting Depository Receipt

OAT Obligation Assimilables du Trésor (French Government Bonds)

OBFR Overnight Bank Funding Rate

OTC Over The Counter

PJSC Private Joint Stock Company

PO Principal Only

PSF Permanent School Fund

RASC Retirement Administration Service Center

RBA IOCR RBA Interbank Overnight Cash Rate

REIT Real Estate Investment Trust

REMIC Real Estate Mortgage Investment Conduit

RFUCCT Refinitiv USD IBOR Consumer Cash Fallbacks

RPI Retail Price Index

SBA Small Business Administration

SIFMA Municipal Swap Index Yield

SOFR Secured Overnight Financing Rate

SONIA Sterling Overnight Index Average

SPDR Standard and Poor's Depository Receipts

STRIP Separate Trading of Registered Interest and Principal of Securities

TBA To-Be-Announced Security

TIPS Treasury inflation protected securities

UMBS Uniform Mortgage-Backed Securities

VRD Variable rate demand notes are payable on demand. The interest rates shown are the current rates as of period end and reset periodically.

Currency type abbreviations:

ARS Argentine Peso

AUD Australian Dollar

BRL Brazilian Real

CAD Canadian Dollar

CHF Swiss Franc

CLP Chilean Peso

CNH Chinese Yuan Renminbi Offshore

CNY Chinese Yuan Renminbi

COP Colombian Peso

CZK Czech Koruna

DKK Danish Krone

EUR Euro

GBP British Pound

HKD Hong Kong Dollar

HUF Hungarian Forint

IDR Indonesian Rupiah

ILS Israeli Shekel

INR Indian Rupee

JPY Japanese Yen

KRW South Korean Won

MXN Mexican Peso

MYR Malaysian Ringgit

NOK Norwegian Krone

NZD New Zealand Dollar

PEN Peruvian Sol

PHP Philippine Peso

PLN Polish Zloty

RON Romanian Leu

RUB Russian Ruble

SEK Swedish Krona

SGD Singapore Dollar

THB Thai Baht

TRY Turkish Lira

TWD Taiwan Dollar

USD United States Dollar

WF Wells Fargo Investment LLC

ZAR South African Rand

Counterparty acronyms:

ANZ Australia and New Zealand Banking Group

BB Barclays Bank PLC

BNP BNP Paribas

BOA Bank of America

CIBC Canadian Imperial Bank of Commerce

CITI Citibank NA

CSI Credit Suisse International

DB Deutsche Bank AG

GS Goldman Sachs

GSI Goldman Sachs International

HSBC HSBC Bank PLC

JPMCB JPMorgan Chase Bank

MSCI Morgan Stanley & Co. International PLC

NW National Westminster

RBC Royal Bank of Canada

RBS Royal Bank of Scotland PLC

SCB Standard Chartered Bank

SG Societe Generale

SSB State Street Bank and Trust Co.

TD Toronto-Dominion Bank

WBC Westpac Banking Corp.

See accompanying notes to financial statements

PACE Select Advisors Trust

Valuation of investments

Each Portfolio generally calculates its net asset value on days that the New York Stock Exchange (“NYSE”) is open. A Portfolio calculates net asset value separately for each class as of the close of regular trading on the NYSE (generally, 4:00 p.m., Eastern time). The NYSE normally is not open, and the Portfolios do not price their shares, on most national holidays and Good Friday. To the extent that a Portfolio’s assets are traded in other markets on days when the NYSE is not open, the value of a Portfolio’s assets may be affected on those days. If trading on the NYSE is halted for the day before 4:00 p.m., Eastern time, a Portfolio’s net asset value per share generally will still be calculated as of the close of regular trading on the NYSE. The time at which a Portfolio calculates its net asset value and until which purchase, sale or exchange orders are accepted may be changed as permitted by the SEC.

Each Portfolio calculates its net asset value based on the current market value, where available, for its portfolio investments. The Portfolios normally obtain market values for their investments from independent pricing sources and broker-dealers. Independent pricing sources may use reported last sale prices, official market closing prices, current market quotations or valuations from computerized “evaluation” systems that derive values based on comparable investments. An evaluation system incorporates parameters such as security quality, maturity and coupon, and/ or research and evaluations by its staff, including review of broker-dealer market price quotations, if available, in determining the valuation of the portfolio investments. Investments also may be valued based on appraisals derived from information concerning the investment or similar investments received from recognized dealers in those holdings.

Investments traded in the over-the-counter (“OTC”) market and listed on The NASDAQ Stock Market, Inc. (“NASDAQ”) normally are valued at the NASDAQ Official Closing Price. Other OTC securities are valued at the last bid price on the valuation date available prior to valuation. Investments which are listed on US and foreign stock exchanges normally are valued at the market closing price, the last sale price on the day the securities are valued or, lacking any sales on such day, at the last available bid price. Investments listed on foreign stock exchanges may be fair valued based on significant events that have occurred subsequent to the close of the foreign markets. In cases where investments are traded on more than one exchange, the investments are valued on the exchange designated as the primary market by UBS AM. If a market value is not readily available from an independent pricing source for a particular investment, that investment is valued at fair value as determined in good faith by or under the direction of the Board. Foreign currency exchange rates are generally determined as of the close of the NYSE.

Certain investments in which the Portfolios invest are traded in markets that close before 4:00 p.m., Eastern time. Normally, developments that occur between the close of the foreign markets and 4:00 p.m., Eastern time, will not be reflected in a Portfolio’s net asset value. However, if any of the Portfolios determine that such developments are so significant that they will materially affect the value of the Portfolio’s investments, the Portfolio may adjust the previous closing prices to reflect what is believed to be the fair value of these investments as of 4:00 p.m., Eastern time.

Certain Portfolios may use a systematic fair valuation model provided by an independent third party to value investments principally traded in foreign markets in order to adjust for possible stale pricing that may occur between the close of the foreign exchanges and the time for valuation. The systematic fair valuation model may use calculations based on indices of domestic securities and other appropriate indicators, such as prices of relevant ADRs and futures contracts. If an investment is valued at “fair value,” that value is likely to be different from the last quoted market price for the investment. The use of the fair valuation model may result in securities being transferred between Level 1 and Level 2 of the fair valuation hierarchy at the end of the reporting period.

The amortized cost method of valuation, which approximates market value, generally is used to value short-term debt instruments with 60 days or less remaining to maturity, unless the Board determines that this does not represent fair value.

Investments in open-end investment companies are valued at the daily closing net asset value of the respective investment company. Pursuant to the Portfolios’ use of the practical expedient within ASC Topic 820, Fair value measurement, investments in investment companies without publicly published prices are also valued at the daily net asset value.

All investments quoted in foreign currencies are valued daily in US dollars on the basis of the foreign currency exchange rates prevailing at the time such valuation is determined by the Portfolios’ custodian.

Futures contracts are generally valued at the settlement price established each day on the exchange on which they are traded. Forward foreign currency contracts are valued daily using forward exchange rates quoted by independent pricing services.

OTC swaps are marked-to-market daily based upon values from third party vendors or quotations from market makers to the extent available. In the event that market quotations are not readily available or deemed unreliable, the swap is valued at fair value as determined in good faith by or under the direction of the Board. Centrally cleared swaps are valued using prices from the counterparty clearing houses.

The Board has designated UBS AM as the valuation designee pursuant to Rule 2a-5 under the 1940 Act, and delegated to UBS AM the responsibility for making fair value determinations with respect to portfolio holdings. UBS AM, as the valuation designee, is responsible for periodically assessing any material risks associated with the determination of the fair value of investments; establishing and applying fair value methodologies; testing the appropriateness of fair value methodologies; and overseeing and evaluating third-party pricing services. UBS AM has the Equities, Fixed Income, and Multi-Asset Valuation Committee (the “VC”) to assist with its designated responsibilities as valuation designee with respect to the Portfolios’ portfolio holdings. The VC is comprised of representatives of management. The VC provides reports to the Board at each quarterly meeting regarding any investments that have been fair valued, valued pursuant to standing instructions approved by the VC, or where non-vendor pricing sources had been used to make fair value determinations when sufficient information exists during the prior quarter. Fair valuation determinations are subject to review at least monthly by the VC during scheduled meetings. Pricing decisions, processes, and controls over fair value determinations are subject to internal and external reviews, including annual internal compliance reviews and periodic internal audit reviews.

The types of investments for which such fair value pricing may be necessary include, but are not limited to: foreign investments under some circumstances, securities of an issuer that has entered into a restructuring; investments whose trading has been halted or suspended; fixed income securities that are in default and for which there is no current market value quotation; and investments that are restricted as to transfer or resale. The need to fair value a Portfolio’s portfolio investments may also result from low trading volume in foreign markets or thinly traded domestic investments, and when a security that is subject to a trading limit or collar on the exchange or market on which it is primarily traded reaches the “limit up” or “limit down” price and no trading has taken place at that price. Various factors may be reviewed in order to make a good faith determination of an investment’s fair value. These factors include, but are not limited to, fundamental analytical data relating to the investment; the nature and duration of restrictions on disposition of the investment; and the evaluation of forces which influence the market in which the investment is purchased and sold. Valuing investments at fair value involves greater reliance on judgment than valuing investments that have readily available market quotations. Fair value determinations can also involve reliance on quantitative models employed by a fair value pricing service.

US generally accepted accounting principles (“US GAAP”) requires disclosure regarding the various inputs that are used in determining the value of each Portfolio’s investments. These inputs are summarized into the three broad levels listed below:

Level 1—Unadjusted quoted prices in active markets for identical investments.

Level 2—Other significant observable inputs, including but not limited to, quoted prices for similar investments, interest rates, prepayment speeds and credit risks.

Level 3—Unobservable inputs inclusive of each Portfolio’s own assumptions in determining the fair value of investments. A fair value hierarchy table has been included near the end of each Portfolio’s portfolio of investments.

For more information regarding the Portfolios’ other significant accounting policies, please refer to the Portfolio’s annual report to shareholders dated July 31, 2024.

Pace Select Advisors Trust (PREEF) NPORT-PPACE International Emerging Markets Equity Investments (Oct 2024 report)