PIMCO High Income Fund (PHK)

Profile

https://www.allianzinvestors.com/products/pages/13.aspx

PIMCO High Income Fund is a closed-end fixed income mutual fund designed to deliver high current income, with capital appreciation as a secondary objective. Managed by Pacific Investment Management Company LLC, the fund employs a dynamic asset allocation strategy, investing across a broad spectrum of global credit markets. Its portfolio primarily consists of U.S. dollar denominated high-yield corporate debt obligations, but it also includes other fixed income sectors such as mortgage-related and asset-backed securities, government and sovereign debt, taxable municipal bonds, and income-producing securities from both U.S. and international issuers, including those in emerging markets. The fund utilizes fundamental analysis alongside a top-down investment approach to identify opportunities and manage risk. Since its inception in 2003, the PIMCO High Income Fund has played a significant role in offering investors exposure to diversified high-yield credit instruments, contributing to liquidity and diversity within the fixed income market segment. The fund is recognized for its regular income distributions and the expertise of its management team in navigating complex credit environments.