PIMCO High Yield Fund (PHIYX)
PIMCO High Yield Fund operates in the Asset Management industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $7.99, up 0.13% on the session, giving a market capitalisation of $7.31B. Its beta of 0.64 implies it has historically moved less than the broad market.
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.
PIMCO High Yield Fund is most often compared with the following Financial Services names: