About PHFNX
PIMCO High Yield Spectrum Fund Class I-3 is a mutual fund that seeks maximum total return, consistent with prudent investment management. It primarily invests at least 80% of its assets in high yield investments, known as junk bonds, which include securities rated below investment grade by Moody's, S&P, or Fitch, or those comparable in quality as determined by PIMCO, as well as components of the ICE BofA Developed Markets High Yield Constrained (USD Hedged) Index. The fund employs a flexible strategy, investing without limitation in fixed income instruments and other below-investment-grade securities from U.S. and non-U.S. issuers, including those economically tied to emerging markets. It maintains an average portfolio duration typically within one year plus or minus of the benchmark's duration and limits net foreign currency exposure to around 20% of the benchmark's level. The fund actively uses derivative instruments such as credit default swaps, total return swaps, forwards, and options to enhance returns or manage risks, and may engage in short sales, when-issued trading, and other techniques. Up to 15% of assets may be allocated to preferred securities. Designed for institutional investors, PIMCO High Yield Spectrum Fund Class I-3 provides exposure to the high yield bond sector, balancing income generation with potential capital appreciation in the fixed income market.
Fund Family PIMCO
Category High Yield Bond
Performance Rating Above Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol PHFNX
Share Class I-3
Index ICE BofA Dev Mkts Hi Yld Cons TR USD
PHFNX had a total return of 2.35% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.76%.
