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Name

As of 11/22/2024

Price

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

PIMCO High Yield Fund

PHLPX | Fund

$8.07

$8.56 B

6.10%

$0.49

0.70%

Vitals

YTD Return

6.7%

1 yr return

11.6%

3 Yr Avg Return

2.9%

5 Yr Avg Return

3.6%

Net Assets

$8.56 B

Holdings in Top 10

11.4%

52 WEEK LOW AND HIGH

$8.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.70%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 26.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/22/2024

Price

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

PIMCO High Yield Fund

PHLPX | Fund

$8.07

$8.56 B

6.10%

$0.49

0.70%

PHLPX - Profile

Distributions

  • YTD Total Return 6.7%
  • 3 Yr Annualized Total Return 2.9%
  • 5 Yr Annualized Total Return 3.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.14%
DIVIDENDS
  • Dividend Yield 6.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    PIMCO High Yield Fund
  • Fund Family Name
    PIMCOFUNDS
  • Inception Date
    May 01, 2008
  • Shares Outstanding
    N/A
  • Share Class
    I2
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Andrew 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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PHLPX - Performance

Return Ranking - Trailing

Period PHLPX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.7% -8.1% 17.3% 73.78%
1 Yr 11.6% -2.1% 33.3% 62.87%
3 Yr 2.9%* -14.6% 21.5% 52.08%
5 Yr 3.6%* -11.2% 37.3% 60.32%
10 Yr 4.2%* -5.0% 20.1% 33.10%

* Annualized

Return Ranking - Calendar

Period PHLPX Return Category Return Low Category Return High Rank in Category (%)
2023 6.4% -4.7% 14.3% 16.18%
2022 -16.8% -33.4% 3.6% 72.44%
2021 -0.6% -8.4% 8.2% 72.43%
2020 0.4% -13.2% 302.7% 38.98%
2019 9.2% -4.4% 13.3% 19.24%

Total Return Ranking - Trailing

Period PHLPX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.7% -8.1% 17.3% 73.78%
1 Yr 11.6% -2.1% 33.3% 62.87%
3 Yr 2.9%* -14.6% 21.5% 52.08%
5 Yr 3.6%* -11.2% 37.3% 60.32%
10 Yr 4.2%* -5.0% 20.1% 33.10%

* Annualized

Total Return Ranking - Calendar

Period PHLPX Return Category Return Low Category Return High Rank in Category (%)
2023 13.2% -4.7% 18.7% 21.41%
2022 -10.5% -33.4% 47.8% 46.04%
2021 4.3% -8.4% 12.4% 67.29%
2020 5.6% -9.6% 325.6% 47.44%
2019 14.9% -3.8% 19.4% 25.95%

NAV & Total Return History

PHLPX - Holdings

Concentration Analysis

PHLPX Category Low Category High PHLPX % Rank
Net Assets 8.56 B 3.13 M 23.6 B 8.96%
Number of Holdings 869 2 3879 11.78%
Net Assets in Top 10 918 M -492 M 5.25 B 8.67%
Weighting of Top 10 11.44% 4.2% 146.0% 62.68%

Top 10 Holdings

  1. US TREASURY N/B 10/25 4.25 2.47%
  2. US TREASURY N/B 05/26 3.625 2.13%
  3. US TREASURY N/B 05/25 4.25 2.07%
  4. PIMCO SENIOR LOAN ACTIVE EXCHA PIMCO SENIOR LOAN ACTIVE ETF 1.09%
  5. VENTURE GLOBAL LNG INC SR SECURED 144A 06/31 8.375 0.94%
  6. MEDLINE BORROWER LP SR SECURED 144A 04/29 3.875 0.63%
  7. US TREASURY N/B 11/25 4.5 0.62%
  8. JANE STREET GRP/JSG FIN SR SECURED 144A 04/31 7.125 0.52%
  9. NEWMARK GROUP INC SR UNSECURED 144A 01/29 7.5 0.50%
  10. 1011778 BC / NEW RED FIN SECURED 144A 10/30 4 0.48%

Asset Allocation

Weighting Return Low Return High PHLPX % Rank
Bonds 		101.02% 0.00% 145.36% 4.89%
Stocks 		1.32% 0.00% 99.64% 27.36%
Convertible Bonds 		1.31% 0.00% 17.89% 40.59%
Cash 		0.00% -52.00% 48.02% 95.91%
Preferred Stocks 		0.00% 0.00% 4.97% 63.83%
Other 		-2.32% -39.08% 99.96% 99.18%

Stock Sector Breakdown

Weighting Return Low Return High PHLPX % Rank
Energy 		100.00% 0.00% 100.00% 4.42%
Utilities 		0.00% 0.00% 100.00% 56.34%
Technology 		0.00% 0.00% 33.17% 58.41%
Real Estate 		0.00% 0.00% 86.71% 53.39%
Industrials 		0.00% 0.00% 93.12% 59.59%
Healthcare 		0.00% 0.00% 22.17% 49.56%
Financial Services 		0.00% 0.00% 100.00% 58.70%
Communication Services 		0.00% 0.00% 99.99% 71.09%
Consumer Defense 		0.00% 0.00% 100.00% 51.92%
Consumer Cyclical 		0.00% 0.00% 100.00% 64.90%
Basic Materials 		0.00% 0.00% 100.00% 55.75%

Stock Geographic Breakdown

Weighting Return Low Return High PHLPX % Rank
US 		1.32% 0.00% 99.64% 27.33%
Non US 		0.00% -0.01% 0.83% 49.59%

Bond Sector Breakdown

Weighting Return Low Return High PHLPX % Rank
Corporate 		83.14% 0.00% 100.00% 89.34%
Derivative 		0.12% -14.19% 42.26% 19.80%
Securitized 		0.05% 0.00% 97.24% 39.51%
Cash & Equivalents 		0.00% 0.00% 48.02% 89.36%
Municipal 		0.00% 0.00% 1.17% 41.48%
Government 		0.00% 0.00% 99.07% 59.84%

Bond Geographic Breakdown

Weighting Return Low Return High PHLPX % Rank
US 		100.29% 0.00% 126.57% 3.11%
Non US 		0.72% 0.00% 96.91% 35.52%

PHLPX - Expenses

Operational Fees

PHLPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.70% 0.02% 38.33% 75.33%
Management Fee 0.65% 0.00% 1.75% 76.67%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.40% 0.00% 0.50% 97.84%

Sales Fees

PHLPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

PHLPX 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.

PHLPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 26.00% 1.00% 255.00% 4.29%

PHLPX - Distributions

Dividend Yield Analysis

PHLPX Category Low Category High PHLPX % Rank
Dividend Yield 6.10% 0.00% 11.76% 63.74%

Dividend Distribution Analysis

PHLPX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

PHLPX Category Low Category High PHLPX % Rank
Net Income Ratio 4.14% -2.39% 9.30% 63.50%

Capital Gain Distribution Analysis

PHLPX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

PHLPX - 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 7.32 8.17

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