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Trending ETFs

Name

As of 07/12/2024

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

$9.08

$330 M

5.73%

$0.52

0.82%

Vitals

YTD Return

4.5%

1 yr return

11.1%

3 Yr Avg Return

2.6%

5 Yr Avg Return

4.3%

Net Assets

$330 M

Holdings in Top 10

13.1%

52 WEEK LOW AND HIGH

$9.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.82%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 43.00%

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 07/12/2024

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

$9.08

$330 M

5.73%

$0.52

0.82%

PHFNX - Profile

Distributions

  • YTD Total Return 4.5%
  • 3 Yr Annualized Total Return 2.6%
  • 5 Yr Annualized Total Return 4.3%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.94%
DIVIDENDS
  • Dividend Yield 5.7%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    PIMCO High Yield Spectrum Fund
  • Fund Family Name
    PIMCOFUNDS
  • Inception Date
    Apr 30, 2018
  • Shares Outstanding
    N/A
  • Share Class
    I3
  • 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 convertibles, warrants, forwards or derivatives such as 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, 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 Developed Markets High Yield Constrained (USD Hedged) Index (the “Benchmark”). The Fund may invest, without limitation, in Fixed Income Instruments and other securities of any rating below investment grade as rated 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. “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 the Fund normally varies within one year (plus or minus) of the portfolio duration of the securities comprising the Benchmark, as calculated by PIMCO, which as of May 31, 2023 was 3.31 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 without limit in securities of foreign issuers or securities denominated in foreign currencies. The Fund may invest, without limit, in securities and instruments of corporate issuers economically tied to emerging market countries and may invest up to 10% of its total assets in sovereign debt issued by governments, their agencies or instrumentalities, or other government-related entities, that are economically tied to emerging market countries. The Fund will normally limit its foreign currency exposure (from non-U.S. dollar-denominated securities or currencies) to within 10% (plus or minus) of the Benchmark’s foreign currency exposure, which as of May 31, 2022 was 0.02%.The Fund may invest, without limitation, in derivative instruments, such as credit default swap agreements and total return swap agreements. 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 15% of its total assets in preferred securities.
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PHFNX - Performance

Return Ranking - Trailing

Period PHFNX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.5% -6.6% 10.2% 26.27%
1 Yr 11.1% -4.4% 18.8% 15.24%
3 Yr 2.6%* -15.5% 20.3% 20.99%
5 Yr 4.3%* -12.1% 37.1% 20.56%
10 Yr N/A* -5.3% 19.6% 13.73%

* Annualized

Return Ranking - Calendar

Period PHFNX Return Category Return Low Category Return High Rank in Category (%)
2023 7.4% -4.7% 14.3% 4.60%
2022 -16.2% -33.4% 3.6% 62.82%
2021 -0.3% -8.4% 8.2% 60.77%
2020 0.8% -13.2% 302.7% 30.76%
2019 8.5% -4.4% 13.3% 39.40%

Total Return Ranking - Trailing

Period PHFNX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.5% -6.6% 10.2% 26.27%
1 Yr 11.1% -4.4% 18.8% 15.24%
3 Yr 2.6%* -15.5% 20.3% 20.99%
5 Yr 4.3%* -12.1% 37.1% 20.56%
10 Yr N/A* -5.3% 19.6% 13.63%

* Annualized

Total Return Ranking - Calendar

Period PHFNX Return Category Return Low Category Return High Rank in Category (%)
2023 14.5% -4.7% 18.7% 6.03%
2022 -9.5% -33.4% 47.8% 31.09%
2021 4.9% -8.4% 12.4% 52.59%
2020 6.6% -9.6% 325.6% 27.66%
2019 14.7% -3.8% 19.4% 29.15%

NAV & Total Return History


PHFNX - Holdings

Concentration Analysis

PHFNX Category Low Category High PHFNX % Rank
Net Assets 330 M 1.45 M 23.6 B 64.56%
Number of Holdings 596 2 2888 24.80%
Net Assets in Top 10 45 M -492 M 5.26 B 66.93%
Weighting of Top 10 13.06% 4.4% 144.6% 55.96%

Top 10 Holdings

  1. US TREASURY N/B 03/25 1.75 1.86%
  2. US TREASURY N/B 02/29 4.25 1.75%
  3. US TREASURY N/B 03/26 4.625 1.60%
  4. PIMCO PRV SHORT TERM FLT III MUTUAL FUND 1.58%
  5. TREASURY BILL 07/24 0.00000 1.31%
  6. TREASURY BILL 06/24 0.00000 1.26%
  7. US TREASURY N/B 11/26 4.625 1.08%
  8. TREASURY BILL 04/24 0.00000 0.98%
  9. CANADIAN GOVERNMENT BONDS 11/25 4.5 0.95%
  10. TREASURY BILL 04/24 0.00000 0.69%

Asset Allocation

Weighting Return Low Return High PHFNX % Rank
Bonds
98.89% -0.88% 154.38% 8.54%
Convertible Bonds
2.27% 0.00% 17.89% 15.42%
Cash
1.58% -52.00% 91.75% 82.83%
Stocks
0.95% 0.00% 99.58% 35.28%
Other
0.71% -63.70% 100.29% 17.49%
Preferred Stocks
0.00% 0.00% 7.50% 76.31%

Stock Sector Breakdown

Weighting Return Low Return High PHFNX % Rank
Energy
70.45% 0.00% 100.00% 31.34%
Communication Services
29.52% 0.00% 99.99% 13.96%
Consumer Cyclical
0.03% 0.00% 100.00% 40.46%
Utilities
0.00% 0.00% 100.00% 71.51%
Technology
0.00% 0.00% 33.17% 73.22%
Real Estate
0.00% 0.00% 86.71% 68.66%
Industrials
0.00% 0.00% 93.12% 72.36%
Healthcare
0.00% 0.00% 22.17% 67.81%
Financial Services
0.00% 0.00% 100.00% 72.36%
Consumer Defense
0.00% 0.00% 100.00% 69.80%
Basic Materials
0.00% 0.00% 100.00% 69.52%

Stock Geographic Breakdown

Weighting Return Low Return High PHFNX % Rank
US
0.95% 0.00% 99.58% 35.29%
Non US
0.00% -0.01% 0.83% 17.33%

Bond Sector Breakdown

Weighting Return Low Return High PHFNX % Rank
Corporate
74.47% 0.00% 100.00% 93.79%
Government
3.98% 0.00% 99.07% 7.80%
Cash & Equivalents
1.58% 0.00% 91.75% 69.32%
Derivative
1.13% -14.70% 42.26% 6.52%
Securitized
0.00% 0.00% 97.24% 78.98%
Municipal
0.00% 0.00% 1.17% 63.06%

Bond Geographic Breakdown

Weighting Return Low Return High PHFNX % Rank
US
76.39% -0.88% 129.21% 86.49%
Non US
22.50% 0.00% 96.20% 4.77%

PHFNX - Expenses

Operational Fees

PHFNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.82% 0.02% 38.33% 64.92%
Management Fee 0.80% 0.00% 1.75% 92.71%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.50% 0.00% 0.50% 100.00%

Sales Fees

PHFNX 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

PHFNX 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.

PHFNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 43.00% 1.00% 255.00% 21.32%

PHFNX - Distributions

Dividend Yield Analysis

PHFNX Category Low Category High PHFNX % Rank
Dividend Yield 5.73% 0.00% 11.76% 56.87%

Dividend Distribution Analysis

PHFNX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annual Monthly Monthly

Net Income Ratio Analysis

PHFNX Category Low Category High PHFNX % Rank
Net Income Ratio 3.94% -2.39% 14.30% 72.33%

Capital Gain Distribution Analysis

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

Distributions History

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PHFNX - Fund Manager Analysis

Managers

Andrew Jessop


Start Date

Tenure

Tenure Rank

Sep 15, 2010

11.72

11.7%

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 7.17 8.17