The PACE Global Fixed Income Investments Cl Y (PWFYX) is a mutual fund that focuses on investing in fixed income securities from around the world. This fund aims to provide investors with a diversified portfolio of fixed income assets, including government and corporate bonds, as well as other debt instruments. The "Cl Y" in the name indicates that this is the Y share class of the fund, which typically has a lower expense ratio and is available to institutional investors. With a global approach, this fund offers investors the potential for income and capital appreciation while also managing risk through a mix of fixed income investments.