Pimco High Income Fund
Find Ratings Reports- Last Ratings Update:02/29/2024
- Price as of 02/29/2024 :$4.95
- Net Assets:$667.04 Million
- NAV:$4.65
- Premium6.45%
- Peer Rank:51 of 69
- Investment Rating:C-
- Performance:C
- RiskC+
We rate PIMCO High Income Fund at C-. Positive factors that influence this rating include a low price volatility. The fund invests approximately 95% of its assets in bonds and may be considered for investors seeking a Corporate - High Yield strategy.
Total return ranks below peers over the last three years. The PIMCO High Income Fund has returned an annual rate of 7.75% since inception. More recently, the fund has generated a total return of -0.91% in the last five years, 2.43% in the last three years, and 10.02% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 11% of them. It has also outpaced 47% of its competitors on a three year basis and 50% of them over the last year for the period ending 2/29/2024. On a year to date basis, PHK has returned 1.44%.
Downside risk has been above average. PHK has a draw down risk of -38.13%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 17.5%. This fund has had moderate volatility in its monthly performance over the last 36 months.
High expense ratio hinders performance. On total assets of $667.04 million, PHK maintains a high expense ratio compared to its Corporate - High Yield peers of 2.70% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As PHK is a closed end fund, it has no front end or back end load.