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PIMCO High Yield Fund
mutual fund
PHDAX
Payout Change
Pending
Price as of:
$8.1
+0.01
+0.12%
primary theme
High Yield Bond
PHDAX (Mutual Fund)
PIMCO High Yield Fund
Payout Change
Pending
Price as of:
$8.1
+0.01
+0.12%
primary theme
High Yield Bond
PHDAX (Mutual Fund)
PIMCO High Yield Fund
Payout Change
Pending
Price as of:
$8.1
+0.01
+0.12%
primary theme
High Yield Bond
Name
As of 12/02/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
6.9%
1 yr return
9.8%
3 Yr Avg Return
2.6%
5 Yr Avg Return
3.3%
Net Assets
$8.56 B
Holdings in Top 10
16.8%
52 WEEK LOW AND HIGH
$8.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.95%
SALES FEES
Front Load 3.75%
Deferred Load N/A
TRADING FEES
Turnover 26.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/02/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
PHDAX - Profile
Distributions
- YTD Total Return 6.9%
- 3 Yr Annualized Total Return 2.6%
- 5 Yr Annualized Total Return 3.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 3.89%
- Dividend Yield 5.8%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NamePIMCO High Yield Fund
-
Fund Family NamePIMCOFUNDS
-
Inception DateJan 20, 1997
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerAndrew Jessop
Fund Description
The Fund seeks to achieve its investment objective by investing under normal circumstances at least 80% of its assets in high yield investments (“junk bonds”), which may be represented by forwards or derivatives such as options, futures contracts or swap agreements. High yield investments include securities (i) rated below investment grade by each of Moody’s Investors Services, Inc. (“Moody’s”), Standard & Poor’s Ratings Services (“S&P”) or Fitch Ratings, Inc. (“Fitch”) that provides a rating on such investment or, if unrated, determined by PIMCO to be of comparable quality, or (ii) comprising the ICE BofAML U.S. High Yield, BB-B Rated, Constrained Index. The Fund may invest up to 20% of its total assets in securities rated Caa or below by Moody’s, or equivalently rated by S&P or Fitch, or, if unrated, determined by PIMCO to be of comparable quality. In the event that ratings services assign different ratings to the same security, PIMCO will use the highest rating as the credit rating for that security. The remainder of the Fund’s assets may be invested in investment grade Fixed Income Instruments. “Fixed Income Instruments” include bonds, debt securities and other similar instruments issued by various U.S. and non-U.S. public- or private-sector entities. The average portfolio duration of this Fund normally varies within one year (plus or minus) of the portfolio duration of the securities comprising the ICE BofAML U.S. High Yield, BB-B Rated, Constrained Index, as calculated by PIMCO, which as of May 31, 2024 was 3.19 years. Duration is a measure used to determine the sensitivity of a security’s price to changes in interest rates. The longer a security’s duration, the more sensitive it will be to changes in interest rates. The Fund may invest up to 20% of its total assets in securities denominated in foreign currencies and may invest without limit in U.S. dollar-denominated securities of foreign issuers. The Fund will normally limit its foreign currency exposure (from non-U.S. dollar-denominated securities or currencies) to 20% of its total assets. The Fund may invest up to 15% of its total assets in securities and instruments that are economically tied to emerging market countries (this limitation does not apply to investment grade sovereign debt denominated in the local currency with less than 1 year remaining to maturity, which means the Fund may invest, together with any other investments denominated in foreign currencies, up to 20% of its total assets in such instruments).The Fund may invest, without limitation, in derivative instruments, such as options, futures contracts or swap agreements, or in mortgage- or asset-backed securities, subject to applicable law and any other restrictions described in the Fund’s prospectus or Statement of Additional Information. The Fund may purchase or sell securities on a when-issued, delayed delivery or forward commitment basis and may engage in short sales. The Fund may, without limitation, seek to obtain market exposure to the securities in which it primarily invests by entering into a series of purchase and sale contracts or by using other investment techniques (such as buy backs or dollar rolls). The “total return” sought by the Fund consists of income earned on the Fund’s investments, plus capital appreciation, if any, which generally arises from decreases in interest rates, foreign currency appreciation, or improving credit fundamentals for a particular sector or security. The Fund may also invest up to 10% of its total assets in preferred securities.
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PHDAX - Performance
Return Ranking - Trailing
| Period | PHDAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 6.9% | -8.0% | 18.8% | 79.57% |
| 1 Yr | 9.8% | -3.7% | 20.6% | 74.79% |
| 3 Yr | 2.6%* | -14.0% | 21.7% | 65.99% |
| 5 Yr | 3.3%* | -11.4% | 37.3% | 71.79% |
| 10 Yr | 4.1%* | -5.1% | 20.1% | 46.32% |
* Annualized
Return Ranking - Calendar
| Period | PHDAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 6.4% | -4.7% | 14.3% | 16.07% |
| 2022 | -16.8% | -33.4% | 3.6% | 72.19% |
| 2021 | -0.6% | -8.4% | 8.2% | 72.34% |
| 2020 | 0.4% | -13.2% | 302.7% | 38.76% |
| 2019 | 9.2% | -4.4% | 13.3% | 18.76% |
Total Return Ranking - Trailing
| Period | PHDAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 6.9% | -8.0% | 18.8% | 79.57% |
| 1 Yr | 9.8% | -3.7% | 20.6% | 74.79% |
| 3 Yr | 2.6%* | -14.0% | 21.7% | 65.99% |
| 5 Yr | 3.3%* | -11.4% | 37.3% | 71.79% |
| 10 Yr | 4.1%* | -5.1% | 20.1% | 46.32% |
* Annualized
Total Return Ranking - Calendar
| Period | PHDAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 12.9% | -4.7% | 18.7% | 30.16% |
| 2022 | -10.7% | -33.4% | 47.8% | 50.33% |
| 2021 | 4.0% | -8.4% | 12.4% | 72.85% |
| 2020 | 5.3% | -9.6% | 325.6% | 52.92% |
| 2019 | 14.6% | -3.8% | 19.4% | 34.43% |
NAV & Total Return History
PHDAX - Holdings
Concentration Analysis
| PHDAX | Category Low | Category High | PHDAX % Rank | |
|---|---|---|---|---|
| Net Assets | 8.56 B | 3.13 M | 25.3 B | 8.99% |
| Number of Holdings | 763 | 2 | 4432 | 17.41% |
| Net Assets in Top 10 | 1.4 B | -492 M | 6.67 B | 7.39% |
| Weighting of Top 10 | 16.82% | 4.2% | 146.0% | 30.05% |
Top 10 Holdings
- TREASURY BILL 10/24 0.00000 3.01%
- PIMCO PRV SHORT TERM FLT III MUTUAL FUND 2.93%
- US TREASURY N/B 10/25 4.25 2.41%
- US TREASURY N/B 05/26 3.625 2.09%
- US TREASURY N/B 05/25 4.25 2.01%
- PIMCO SENIOR LOAN ACTIVE EXCHA PIMCO SENIOR LOAN ACTIVE ETF 1.51%
- VENTURE GLOBAL LNG INC SR SECURED 144A 06/31 8.375 0.92%
- PRIME HEALTHCARE SERVICE SR SECURED 144A 09/29 9.375 0.71%
- MEDLINE BORROWER LP SR SECURED 144A 04/29 3.875 0.63%
- US TREASURY N/B 11/25 4.5 0.61%
Asset Allocation
| Weighting | Return Low | Return High | PHDAX % Rank | |
|---|---|---|---|---|
| Bonds | 97.11% | 0.00% | 145.36% | 27.61% |
| Cash | 2.93% | -52.00% | 48.02% | 66.34% |
| Stocks | 1.74% | 0.00% | 97.54% | 25.33% |
| Convertible Bonds | 1.31% | 0.00% | 17.89% | 40.39% |
| Preferred Stocks | 0.00% | 0.00% | 4.97% | 60.76% |
| Other | -0.69% | -39.08% | 99.23% | 97.70% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | PHDAX % Rank | |
|---|---|---|---|---|
| Energy | 100.00% | 0.00% | 100.00% | 1.78% |
| Utilities | 0.00% | 0.00% | 100.00% | 44.51% |
| Technology | 0.00% | 0.00% | 33.17% | 44.21% |
| Real Estate | 0.00% | 0.00% | 86.71% | 38.58% |
| Industrials | 0.00% | 0.00% | 93.12% | 47.77% |
| Healthcare | 0.00% | 0.00% | 22.17% | 35.01% |
| Financial Services | 0.00% | 0.00% | 100.00% | 43.92% |
| Communication Services | 0.00% | 0.00% | 99.99% | 59.94% |
| Consumer Defense | 0.00% | 0.00% | 100.00% | 37.39% |
| Consumer Cyclical | 0.00% | 0.00% | 100.00% | 61.42% |
| Basic Materials | 0.00% | 0.00% | 100.00% | 51.93% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | PHDAX % Rank | |
|---|---|---|---|---|
| US | 1.74% | 0.00% | 97.54% | 25.45% |
| Non US | 0.00% | -0.01% | 0.83% | 45.32% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | PHDAX % Rank | |
|---|---|---|---|---|
| Corporate | 83.14% | 0.00% | 100.00% | 89.14% |
| Cash & Equivalents | 2.93% | 0.00% | 48.02% | 55.17% |
| Derivative | 0.25% | -14.58% | 42.26% | 13.79% |
| Securitized | 0.05% | 0.00% | 97.24% | 39.47% |
| Municipal | 0.00% | 0.00% | 1.17% | 26.97% |
| Government | 0.00% | 0.00% | 99.07% | 49.01% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | PHDAX % Rank | |
|---|---|---|---|---|
| US | 96.66% | 0.00% | 126.57% | 27.42% |
| Non US | 0.44% | 0.00% | 96.91% | 36.62% |
PHDAX - Expenses
Operational Fees
| PHDAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.95% | 0.02% | 38.33% | 52.30% |
| Management Fee | 0.65% | 0.00% | 1.75% | 76.27% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 30.56% |
| Administrative Fee | 0.40% | 0.00% | 0.50% | 97.30% |
Sales Fees
| PHDAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 3.75% | 2.25% | 5.75% | 63.83% |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| PHDAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| PHDAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 26.00% | 1.00% | 255.00% | 4.13% |
PHDAX - Distributions
Dividend Yield Analysis
| PHDAX | Category Low | Category High | PHDAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 5.83% | 0.00% | 11.76% | 73.25% |
Dividend Distribution Analysis
| PHDAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Annual | Monthly | Monthly |
Net Income Ratio Analysis
| PHDAX | Category Low | Category High | PHDAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 3.89% | -2.39% | 9.30% | 74.92% |
Capital Gain Distribution Analysis
| PHDAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Oct 31, 2024 | $0.039 | OrdinaryDividend |
| Sep 30, 2024 | $0.037 | OrdinaryDividend |
| Aug 30, 2024 | $0.042 | OrdinaryDividend |
| Jul 31, 2024 | $0.039 | OrdinaryDividend |
| Apr 30, 2024 | $0.039 | OrdinaryDividend |
| Mar 28, 2024 | $0.038 | OrdinaryDividend |
| Feb 29, 2024 | $0.038 | OrdinaryDividend |
| Jan 31, 2024 | $0.036 | OrdinaryDividend |
| Dec 29, 2023 | $0.038 | OrdinaryDividend |
| Nov 30, 2023 | $0.037 | OrdinaryDividend |
| Oct 31, 2023 | $0.035 | OrdinaryDividend |
| Sep 29, 2023 | $0.036 | OrdinaryDividend |
| Aug 31, 2023 | $0.035 | OrdinaryDividend |
| Jul 31, 2023 | $0.033 | OrdinaryDividend |
| Jun 30, 2023 | $0.037 | OrdinaryDividend |
| May 31, 2023 | $0.034 | OrdinaryDividend |
| Apr 28, 2023 | $0.032 | OrdinaryDividend |
| Mar 31, 2023 | $0.037 | OrdinaryDividend |
| Feb 28, 2023 | $0.034 | OrdinaryDividend |
| Jan 31, 2023 | $0.031 | OrdinaryDividend |
| Dec 30, 2022 | $0.036 | OrdinaryDividend |
| Dec 07, 2022 | $0.037 | CapitalGainShortTerm |
| Dec 07, 2022 | $0.109 | CapitalGainLongTerm |
| Nov 30, 2022 | $0.034 | OrdinaryDividend |
| Oct 31, 2022 | $0.031 | OrdinaryDividend |
| Sep 30, 2022 | $0.034 | OrdinaryDividend |
| Aug 31, 2022 | $0.033 | OrdinaryDividend |
| Jul 29, 2022 | $0.032 | OrdinaryDividend |
| Jun 30, 2022 | $0.031 | OrdinaryDividend |
| May 31, 2022 | $0.030 | OrdinaryDividend |
| Apr 29, 2022 | $0.031 | OrdinaryDividend |
| Mar 31, 2022 | $0.030 | OrdinaryDividend |
| Feb 28, 2022 | $0.031 | OrdinaryDividend |
| Jan 31, 2022 | $0.028 | OrdinaryDividend |
| Dec 31, 2021 | $0.040 | OrdinaryDividend |
| Nov 30, 2021 | $0.030 | OrdinaryDividend |
| Oct 29, 2021 | $0.032 | OrdinaryDividend |
| Sep 30, 2021 | $0.031 | OrdinaryDividend |
| Aug 31, 2021 | $0.030 | OrdinaryDividend |
| Jul 30, 2021 | $0.032 | OrdinaryDividend |
| Jun 30, 2021 | $0.031 | OrdinaryDividend |
| May 28, 2021 | $0.029 | OrdinaryDividend |
| Apr 30, 2021 | $0.033 | OrdinaryDividend |
| Mar 31, 2021 | $0.031 | OrdinaryDividend |
| Feb 26, 2021 | $0.030 | OrdinaryDividend |
| Jan 29, 2021 | $0.028 | OrdinaryDividend |
| Dec 31, 2020 | $0.031 | OrdinaryDividend |
| Nov 30, 2020 | $0.029 | OrdinaryDividend |
| Oct 30, 2020 | $0.032 | OrdinaryDividend |
| Sep 30, 2020 | $0.029 | OrdinaryDividend |
| Aug 31, 2020 | $0.029 | OrdinaryDividend |
| Jul 31, 2020 | $0.033 | OrdinaryDividend |
| Jun 30, 2020 | $0.030 | OrdinaryDividend |
| May 29, 2020 | $0.032 | OrdinaryDividend |
| Apr 30, 2020 | $0.033 | OrdinaryDividend |
| Mar 31, 2020 | $0.004 | ReturnOfCapital |
| Mar 31, 2020 | $0.029 | OrdinaryDividend |
| Feb 28, 2020 | $0.004 | ReturnOfCapital |
| Feb 28, 2020 | $0.029 | OrdinaryDividend |
| Jan 31, 2020 | $0.004 | ReturnOfCapital |
| Jan 31, 2020 | $0.031 | OrdinaryDividend |
| Dec 31, 2019 | $0.033 | OrdinaryDividend |
| Nov 29, 2019 | $0.036 | OrdinaryDividend |
| Oct 31, 2019 | $0.035 | OrdinaryDividend |
| Sep 30, 2019 | $0.031 | OrdinaryDividend |
| Aug 30, 2019 | $0.039 | OrdinaryDividend |
| Jul 31, 2019 | $0.036 | OrdinaryDividend |
| Dec 16, 2015 | $0.218 | CapitalGainLongTerm |
| Dec 29, 2014 | $0.041 | ExtraDividend |
| Dec 10, 2014 | $0.188 | CapitalGainLongTerm |
| Dec 11, 2013 | $0.000 | CapitalGainShortTerm |
| Dec 07, 2011 | $0.010 | CapitalGainShortTerm |
| Dec 12, 2007 | $0.006 | CapitalGainShortTerm |
| Dec 13, 2006 | $0.006 | CapitalGainShortTerm |
PHDAX - Fund Manager Analysis
Managers
Andrew Jessop
Start Date
Tenure
Tenure Rank
Jan 10, 2010
12.39
12.4%
Mr. Jessop is a managing director and high yield portfolio manager in the Newport Beach office. Prior to joining PIMCO in 2009, he was a managing director, portfolio manager and co-head of the high yield group at Goldman Sachs Asset Management, where he spent 12 years. Mr. Jessop was previously a high yield portfolio manager at Saudi International Bank in London. He holds a degree from Queens' College, Cambridge University.
Sonali Pier
Start Date
Tenure
Tenure Rank
Jul 26, 2019
2.85
2.9%
Ms. Pier is an executive vice president and portfolio manager in the Newport Beach office, focusing on multi-sector credit opportunities. She contributes to the Diversified Income and Global Credit Opportunities Funds, and she has served as a rotating member on the firm's Investment Committee and Americas Portfolio Committee. Prior to joining PIMCO in 2013, she was a senior credit trader at J.P. Morgan, trading cash, recovery and credit default swaps across various sectors. She holds an undergraduate degree in economics from Princeton University.
Amit Agrawal
Start Date
Tenure
Tenure Rank
Jul 31, 2021
0.83
0.8%
Senior Vice President, PIMCO. Mr. Agrawal’s focus is on high yield and macro credit strategies. Prior to joining PIMCO in 2018, Mr. Agrawal worked at GMO as a high yield and structured credit portfolio manager. Previously, he was a director at Bank of America Merrill Lynch, responsible for trading in credit derivatives, including tranches and options. He has investment experience since 2007.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.13 | 37.79 | 7.31 | 8.17 |
