# PIMCO High Income Fund (PHK): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/phk for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: PIMCO · Asset class: Equity - Strategy: Thematic · Inception: 2003-04-25 The PIMCO High Income Fund operates as a closed-end mutual fund dedicated to fixed-income investments. Its primary management is overseen by Allianz Global Investors Fund Management LLC, with Pacific Investment Management Company LLC also holding co-management responsibilities. The fund's strategy involves allocating capital across public fixed-income markets worldwide. It specifically targets U.S. dollar-denominated high-yield corporate debt obligations. To inform its investment decisions, the fund employs a combination of thorough fundamental analysis and a top-down approach to security s... ## Key Facts | Metric | Value | |---|---| | Price | $4.06 | | Expense Ratio | 1.39% | | Assets Under Management | $757.1M | | NAV | — | | Holdings Count | — | | Distribution Yield (TTM) | 14.19% | | Annual Distribution (TTM) | $0.58 /share | | Distribution Frequency | Monthly | | 52-Week Range | $4.01 – $5.00 | | Beta | 0.56 | ## Latest Distribution - Amount: $0.0480 /share - Ex-date: 2026-10-13 - Pay date: 2026-11-02 ## Frequently Asked Questions ### What does PHK invest in? The PIMCO High Income Fund operates as a closed-end mutual fund dedicated to fixed-income investments. Its primary management is overseen by Allianz Global Investors Fund Management LLC, with Pacific Investment Management Company LLC also holding co-management responsibilities. The fund's strategy involves allocating capital across public fixed-income markets worldwide. It specifically targets U.S. dollar-denominated high-yield corporate debt obligations. To inform its investment decisions, the fund employs a combination of thorough fundamental analysis and a top-down approach to security selection. This fund was established on April 30, 2003, and is legally domiciled in the United States. ### What is the expense ratio of PHK? PIMCO High Income Fund (PHK) charges an expense ratio of 1.39%. This is the annual fee deducted from fund assets to cover management and operations. ### What is PHK's dividend yield? PHK's trailing-twelve-month yield is 14.19%, calculated from the sum of dividends over the past year divided by the current price. ### How big is PHK? PIMCO High Income Fund (PHK) manages $757.1M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is PHK actively managed or an index fund? PHK's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was PHK launched? PIMCO High Income Fund (PHK) launched in April 2003 and is managed by PIMCO. ### Does PHK pay a dividend? Yes, PIMCO High Income Fund (PHK) distributes dividends to shareholders. The trailing-twelve-month yield is 14.19%. Full dividend history is on this page. ### How often does PHK pay dividends? PIMCO High Income 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 PHK's next ex-dividend date? The most recently announced ex-dividend date for PHK was 2026-10-13. 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 PHK's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.39% 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 PHK charge its expense ratio? The expense ratio is deducted in tiny daily slices from PHK'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 PHK cost more than a fund like VOO? PHK's strategy (current expense ratio 1.39%) 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 PHK sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to PHK? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as PHK (1.39%) 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/phk - Distribution history: https://www.dividenddata.com/funds/phk/dividend - Holdings & diversification: https://www.dividenddata.com/funds/phk/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/phk/expenses - Peer comparison: https://www.dividenddata.com/funds/phk/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.