Morningstar

PIMCO High Yield Fund Institutional Class PHIYX

Morningstar Medalist Rating
Medalist Rating as of | See PIMCO Investment Hub
  • NAV / 1-Day Return 7.74  /  +0.13 %
  • Total Assets 7.2B
  • Adj. Expense Ratio
    0.550%
  • Expense Ratio 0.580%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity Low/Limited
  • Min. Initial Investment 1M
  • Status Open
  • TTM Yield 6.66%
  • Effective Duration 2.59 years

USD | NAV as of Oct 03, 2026 | 1-Day Return as of Oct 03, 2026, 12:10 AM GMT+0

Morningstar’s Analysis PHIYX

Will PHIYX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PHIYX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PHIYX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PHIYX’s parent organization’s priorities and whether they’re in line with investors’ interests.

This team still needs to better leverage its advantages.

Analyst Jeana Doubell

Jeana Doubell

Analyst

Summary

Pimco High Yield follows a solid investment process, and the dust appears to have settled on 2023 leadership changes. However, the team is still working to establish an edge over the competition.

by Jeana Doubell
Rated on Published on

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Portfolio Holdings PHIYX

More PHIYX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 26.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

10 Year Treasury Note Future Sept 26

9.48 694M
Government

CDX HY46 5Y ICE

7.53 551M
Derivative

2 Year Treasury Note Future Sept 26

4.52 331M
Government

5 Year Treasury Note Future Sept 26

4.41 323M
Government

Pimco Prv Short-Term Fltiv Nav(3346)

4.40 322M
Cash and Equivalents

RFR USD SOFR/3.25000 06/18/25-2Y LCH Receive

3.57 261M
Government

RFR USD SOFR/3.75000 12/18/24-5Y LCH Receive

2.21 161M
Government

United States Treasury Notes 3.5%

1.98 144M
Government

U S TREASURY REPO

1.94 142M
Cash and Equivalents

PIMCO Sr Ln Actv ETF

1.52 111M
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