# PIMCO High Yield Fund (PHIYX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/phiyx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: PIMCO · Asset class: Bond - Strategy: Thematic · Inception: 1992-12-15 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,... ## Key Facts | Metric | Value | |---|---| | Price | $7.70 | | Expense Ratio | 0.60% | | Assets Under Management | $6.72B | | NAV | $7.70 | | Holdings Count | — | | Distribution Yield (TTM) | 6.71% | | Annual Distribution (TTM) | $0.52 /share | | Distribution Frequency | Monthly | | 52-Week Range | $7.69 – $8.19 | | Beta | 0.64 | ## Latest Distribution - Amount: $0.0431 /share - Ex-date: 2026-09-30 - Pay date: 2026-09-30 ## Frequently Asked Questions ### 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 6.71%, 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. ### Does PHIYX pay a dividend? Yes, PIMCO High Yield Fund (PHIYX) distributes dividends to shareholders. The trailing-twelve-month yield is 6.71%. Full dividend history is on this page. ### How often does PHIYX pay dividends? PIMCO High Yield Fund pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is PHIYX's next ex-dividend date? The most recently announced ex-dividend date for PHIYX was 2026-09-30. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will PHIYX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.60% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does PHIYX charge its expense ratio? The expense ratio is deducted in tiny daily slices from PHIYX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does PHIYX cost more than a fund like VOO? PHIYX's strategy (current expense ratio 0.60%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where PHIYX sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to PHIYX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as PHIYX (0.60%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/phiyx - Distribution history: https://www.dividenddata.com/funds/phiyx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/phiyx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/phiyx/expenses - Peer comparison: https://www.dividenddata.com/funds/phiyx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.