- What does PHIYX invest in?
- This PIMCO fund primarily allocates its capital, dedicating a minimum of 80% of its portfolio, to high-yield fixed-income instruments, commonly known as 'junk bonds.' This exposure can be achieved directly or through synthetic positions like forwards or derivative contracts. A portion of the fund, specifically up to 20% of its total holdings, may be directed towards debt securities carrying ratings of Caa or lower from Moody's, or an equivalent low rating from S&P or Fitch. For unrated issues, PIMCO's internal assessment will determine if they meet a similar quality threshold. Furthermore, the fund maintains the flexibility to utilize derivative instruments, including options, futures, and swap agreements, without any predefined limits on their allocation. Investments in mortgage-backed and asset-backed securities are also permitted.
- What is the expense ratio of PHIYX?
- PIMCO High Yield Fund (PHIYX) charges an expense ratio of 0.60%. This is the annual fee deducted from fund assets to cover management and operations.
- What is PHIYX's dividend yield?
- PHIYX's trailing-twelve-month yield is 6.49%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of PHIYX?
- Effective duration measures PHIYX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. PHIYX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of PHIYX?
- PHIYX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of PHIYX?
- Yield to maturity (YTM) is the total return you'd earn from PHIYX if every bond in the portfolio is held to maturity at the current price. PHIYX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
