Pimco High Income Fund Pimco Hi

4.8500+0.00 (+0%)

Oct 29, 4:00:02 PM EDT · NYSE · PHK · USD

Upcoming Earnings

Report date

≈ -

Key Stats

Market Cap

844.08M

P/E (TTM)

7.82

Basic EPS (TTM)

0.62

Dividend Yield

0.12%

Recent Filings

8-K

New corporate investment guideline

8/20/24Aug 20, 2024

PIMCO High Income Fund announced on August 20, 2024, that its Board approved a new non-fundamental guideline to invest at least 50% of total assets in corporate debt obligations and securities, effective September 20, 2024. This shift emphasizes fixed-, variable-, and floating-rate bonds, preferred shares, bank loans, and equity securities. It signals a strategic pivot toward corporate-focused holdings. Yet, as non-fundamental, the Board retains flexibility to adapt.

8-K

New co-portfolio manager joins

9/26/23Sep 26, 2023

PIMCO High Income Fund announced on September 26, 2023, that effective October 2, Giang Bui joins Alfred T. Murata and Mohit Mittal as co-portfolio manager, taking primary responsibility for day-to-day management. Bui, with 24 years of experience in securitized debt and CLOs, bolsters the team's expertise in structured products alongside Murata's multisector credit focus and Mittal's investment grade trading. This lineup manages over $168 billion in registered funds for Murata alone. Yet, none own Fund shares.

8-K

Fund lifts leverage cap

12/22/22Dec 22, 2022

PIMCO High Income Fund's Board approved the immediate removal of a non-fundamental guideline capping leverage at 38% of total assets, along with outdated asset segregation rules. This change frees the fund to pursue leverage via auction rate preferred shares, reverse repurchase agreements, and borrowings without those prior limits. Yet it stays bound by Investment Company Act restrictions. Flexibility boosts potential returns, but leverage amplifies risks.

8-K

PHK monthly distribution declared

12/2/22Dec 2, 2022

PIMCO High Income Fund declared a monthly distribution of $0.048000 per common share, payable January 3, 2023, to shareholders of record December 12, 2022, with an ex-dividend date of December 9, 2022. This yields 12.55% annualized based on NAV and 12.00% on market price as of October 31, 2022, amid recent one-year NAV returns of -11.47%. Distributions may include return of capital, not reflecting yield.

8-K

Fiscal year and investment changes

3/30/22Mar 30, 2022

PIMCO High Income Fund shifted its fiscal year end from July 31 to June 30, effective April 1, 2022, for the current period ending June 30, 2022. The board also removed the 25% cap on non-U.S. currency investments, effective April 29, 2022, allowing unlimited exposure to foreign-denominated securities while respecting other limits. This boosts flexibility in a volatile market. No financial impacts disclosed.

About

PIMCO High Income Fund is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in the public fixed income markets across the globe. The fund invests in U.S. dollar denominated high-yield corporate debt obligations. It employs fundamental analysis along with a top down stock picking approach to make its investments. PIMCO High Income Fund was formed on April 30, 2003 and is domiciled in the United States.

IPO

4/25/2003

Website

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

Sector

Financial Services

Industry

Asset Management