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Morningstar

PIMCO High Yield A PHDAX

Morningstar Medalist Rating
Medalist Rating as of | See PIMCO Investment Hub
  • NAV / 1-Day Return 7.78  /  0.44 %
  • Total Assets 7.5 Bil
  • Adj. Expense Ratio
    0.900%
  • Expense Ratio 0.920%
  • Distribution Fee Level Low
  • Share Class Type Front Load
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity Low / Limited
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 5.29%
  • Effective Duration 3.62 years

USD | NAV as of Dec 01, 2023 | 1-Day Return as of Dec 01, 2023, 11:24 PM GMT+0

Morningstar’s Analysis PHDAX

Will PHDAX outperform in 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 PHDAX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

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.

Parent Pillar

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

Resetting expectations.

Associate Director Brian Moriarty

Brian Moriarty

Associate Director

Summary

Pimco High Yield’s former lead manager will retire in June 2023, while a former comanager left the firm earlier in 2023. The strategy in place here is robust, but there is a new management configuration that may need time to settle in. It earns a Morningstar Analyst Rating of Neutral across all share classes except for the most expensive C shares; this is a downgrade from Silver or Bronze ratings, depending on the share class.

by Brian Moriarty
Rated on Published on

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Portfolio Holdings PHDAX

More PHDAX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 745
  • Other Holdings 39
  • % Assets in Top 10 Holdings 14.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

CDX HY41 5Y ICE

3.56
278,547,132
Derivative

United States Treasury Notes 4.25%

2.52
196,898,438
Government

United States Treasury Notes 3.625%

2.16
168,774,988
Government

United States Treasury Notes 4.25%

2.10
164,632,665
Government

CDX HY40 5Y ICE

2.07
162,304,681
Derivative

United States Treasury Notes 3.25%

1.94
152,043,750
Government

CDX HY38 5Y ICE

1.58
123,545,146
Derivative

EUROPEAN MONETARY UNION EURO Purchased

1.50
116,995,308
Derivative

Offset: Cash

1.43
111,808,493
Cash and Equivalents

United States Treasury Notes 4.125%

1.29
100,823,321
Government