For performance current to the most recent month-end, visit or call (888) 87-PIMCO. Current performance may be lower or higher than performance shown. Shares may be worth more or less than original cost when redeemed. Investment return and the principal value of an investment will fluctuate. Past performance is not a guarantee or a reliable indicator of future results. Performance quoted represents past performance. The team is supported by PIMCO’s time-tested investment process, global macroeconomic forecasts, proprietary risk-management techniques, and detailed analysis of each security represented in the fund. PIMCO High Yield Fund is managed by David Forgash, Sonali Pier and Jason Duko. This, along with improving balance sheets and higher recovery rates when defaults do occur, should continue to bode well for corporate fundamentals.
Fundamentals remain strongĭefault rates for high yield bonds have fallen sharply since 2009, remaining well below their long-term historical average.
Focusing on the middle and upper echelons of credit ratings, PIMCO High Yield Fund takes a more conservative approach to high yield investing.
Attractive risk/reward tradeoffĬredit qualities and their contributing underlying factors can vary dramatically within the non-investment-grade bond market. To compensate for this additional risk, high yield bonds offer significantly higher income potential than other types of fixed income securities. High yield bonds are issued by corporations that lack the long-term earnings or corporate growth to earn an investment grade rating from credit rating agencies. Why Invest In This Fund Enhanced income potential Fund Overview A risk-focused approach to high yield investingīy concentrating on higher credit qualities within the non-investment-grade bond universe and avoiding the riskier, more speculative lower tiers, PIMCO High Yield Fund is designed to provide an attractive risk/reward tradeoff for high yield investors.
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