PIMCO High Yield Spectrum Fd Inst Cl (PHSIX)
PIMCO High Yield Spectrum Fd Inst Cl operates in the Asset Management industry of the Financial Services sector, headquartered in Des Moines, IA, US. The stock last traded at $8.98, down 0.11% on the session, giving a market capitalisation of $537.6M. Its beta of 0.60 implies it has historically moved less than the broad market.
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.
PIMCO High Yield Spectrum Fd Inst Cl is most often compared with the following Financial Services names: