PIMCO High Income Fund (PHK)

PIMCO High Income Fund (PHK) is one of the popular closed end funds. This actively managed bond fund invests mainly in corporate debt obligations and income producing securities. The fund objective is to provide high current income with capital growth.

This fund is previously managed by Bill Gross. The current fund managers are Mohit Mittal and Alfred T. Murata since September 2014.

PHK Fund Profile

    PIMCO High Income Fund | PHK
  • Fund Inception Date: 04/30/2003
  • Ticker Symbol: PHK
  • CUSIP: 722014107
  • Rank in category (2014): 4%
  • Category: Multi Sector Bond
  • Yield: 11.77%
  • Effective Leverage: 45.83%
  • Capital Gains: -
  • Premium/ Discount: 60.57%
  • Base Expense Ratio: 1.03%
  • Net Assets: $ 1.85 billion
  • Annual Turnover Rate: 197%
This bond fund has an expense fee of 1.14%. The current total assets are $1.85 billion. The current market price is trading at 60.57% premium to its net asset value (NAV). This fixed income fund also has a high yield of 11.77%.

PIMCO High Income Fund Performance

Morningstar has ranked this PIMCO High Income Fund with 4 star rating. In 2014, it has an annualized return of 9.13%. This PIMCO fund has returned 11.50% over the past 3 year, and 15.46% over the past 5 year. Past 5 year performance is as follows:
  • Year 2015: 13.63% (YTD)
  • Year 2014: 15.02%
  • Year 2013: 32.50%
  • Year 2012: 4.81%
  • Year 2011: 12.15%
  • Year 2010: 38.96%

Fund Holdings

This bond fund has an average coupon of 7.95%. The current holdings are 325. The top 5 sectors are banks, independent E&P, integrated oil, other financial, and home construction. Top 4 asset allocations are government bonds, general corporate bonds, asset backed bonds, and municipal bonds.

More: Best Performing Mortgage Bond Closed End Funds 2015

  • This PIMCO High Income Fund has been fine since 2010.
  • It also has a high yield for income seekers.
  • This PIMCO fund has slightly higher expense fee than typically index fund.
  • It also uses leverage to enhance its performance (i.e. high risk).


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