PIMCO High Yield Spectrum Fd Inst Cl
PHSIX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- PIMCO Investments LLC distributor MA United States of America
- IPO Date
- Sep 16, 2010
- CIK
- 0000898745
- Website
- pimco.com
- Similar Companies
- Business
- PIMCO High Yield Spectrum Fund Institutional Class (PHSIX) is an open-end mutual fund that seeks maximum total return, consistent with prudent investment management, by investing at least 80% of its assets in high yield investments, commonly known as junk bonds. These include securities rated below investment grade by Moody's, S&P or Fitch, or determined by PIMCO to be of comparable quality, as well as components of the ICE BofA Developed Markets High Yield Constrained (USD Hedged) Index; fixed income instruments such as bonds, debt securities, convertibles, warrants, forwards and derivatives including credit default swaps and total return swaps; bank loans, corporate bonds, government securities, futures/forwards, swaps and preferred securities up to 15% of total assets. The fund maintains an average portfolio duration normally within one year (plus or minus) of the benchmark's duration of 2.77 years as of May 31, 2025, with flexibility for unlimited exposure to foreign issuers, emerging market corporate securities and up to 10% in emerging market sovereign debt, while limiting net foreign currency exposure to within 20% (plus or minus) of the benchmark's 0.07% level. Launched on September 15, 2010, and domiciled in the United States with shares available primarily to U.S. investors, the fund is managed by Pacific Investment Management Company LLC (PIMCO), headquartered at 650 Newport Center Drive, Newport Beach, California 92660, a subsidiary of Allianz SE. PIMCO, founded in 1971, oversees the fund's portfolio jointly by Managing Directors Sonali Pier (since July 26, 2019), David Forgash (since January 11, 2023) and Executive Vice President Charles Watford (since January 11, 2023), with total net assets of $456.22 million and institutional class assets of $369.54 million as of the latest reporting. The fund operates within the high yield bond segment of the fixed income market, targeting institutional investors with a minimum initial investment of $1 million for Institutional Class shares and a net expense ratio of 0.65%; it features daily pricing, no front-end or deferred loads for this class, and a portfolio turnover rate of 60% in the most recent fiscal year. Diversification includes 81.69% U.S. bonds, 31.93% non-U.S. bonds, corporate bonds (76.99%), futures/forwards (29.13%), swaps (15.40%) and government securities (13.79%), with top holdings such as CDX HY43 5Y ICE (10.70%), U.S. Treasury Notes and CDX HY44 5Y ICE comprising 21.22% of the portfolio. Recent updates as of the August 1, 2025 prospectus reflect ongoing fee arrangements, including PIMCO's contractual agreement through July 31, 2026, to reduce supervisory and administrative fees by 0.05% for I-3 shares, alongside stable management continuity and benchmark alignment amid market volatility; the fund reported year-to-date performance of 4.51% through June 30, 2025, with 1-year returns of 8.81% for Institutional Class as of December 31, 2024. No major acquisitions, partnerships or strategic shifts specific to the fund were reported in the last 1-2 years, with emphasis maintained on resilient high yield strategies in a high-interest-rate environment.