PIMCO High Yield Spectrum Fd Inst Cl

Frequently Asked Questions About PHSIX

What does PHSIX invest in?

This investment vehicle aims for the highest possible total return, always conducted within the framework of careful and judicious management. At least 80% of its assets are committed to higher-yielding, lower-rated debt instruments, commonly known as "junk bonds." This exposure can be achieved via various means, including convertible securities, warrants, forward contracts, or derivatives like swap agreements. The fund also retains unlimited flexibility to utilize derivative instruments, such as credit default swap agreements and total return swap agreements.

What is the expense ratio of PHSIX?

PIMCO High Yield Spectrum Fd Inst Cl (PHSIX) charges an expense ratio of 0.65%. This is the annual fee deducted from fund assets to cover management and operations.

What is PHSIX's dividend yield?

PHSIX's trailing-twelve-month yield is 6.79%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of PHSIX?

Effective duration measures PHSIX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. PHSIX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of PHSIX?

PHSIX'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 PHSIX?

Yield to maturity (YTM) is the total return you'd earn from PHSIX if every bond in the portfolio is held to maturity at the current price. PHSIX'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.