As its performance during 2020's tumult shows, Pimco High Yield remains a solid choice for conservative high-yield bond exposure. Its veteran management, disciplined approach, and ample analyst support earn Morningstar Analyst Ratings ranging from Silver and Bronze on its cheaper share classes to Neutral on its most expensive.
Will PHDAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PHDAX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the PHDAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of PHDAX’s parent organization’s priorities and whether they’re in line with investors’ interests.