Morningstar

PIMCO High Yield Spectrum Fund Class I-3 PHFNX

Morningstar Medalist Rating
Medalist Rating as of | See PIMCO Investment Hub
  • NAV / 1-Day Return 8.91  /  +0.11 %
  • Total Assets 458.1M
  • Adj. Expense Ratio
    0.750%
  • Expense Ratio 0.770%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity Low/Limited
  • Min. Initial Investment 1M
  • Status Open
  • TTM Yield 6.58%
  • Effective Duration 2.65 years

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

Morningstar’s Analysis PHFNX

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

  • People Pillar

    The People Pillar is our evaluation of the PHFNX 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 PHFNX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A refocus on US high-yield markets.

Analyst Jeana Doubell

Jeana Doubell

Analyst

Summary

Pimco High Yield Spectrum has undergone mandate changes to refocus on the US high-yield market, but its fundamental strengths remain intact. However, we are still building conviction in the platform’s relatively new management team following earlier changes at the helm.

by Jeana Doubell
Rated on Published on

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Portfolio Holdings PHFNX

More PHFNX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 27.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

2 Year Treasury Note Future Sept 26

10.47 49M
Government

5 Year Treasury Note Future Sept 26

9.42 44M
Government

CDX HY46 5Y ICE

8.31 39M
Derivative

Federal Home Loan Banks 0%

5.12 24M
Cash and Equivalents

EUROPEAN MONETARY UNION EURO Purchased

3.82 18M
Derivative

Pimco Fds

3.78 18M
Cash and Equivalents

Ultra 10 Year US Treasury Note Future Sept 26

3.31 15M
Government

CDX HY45 5Y ICE

2.42 11M
Derivative

RFR USD SOFR/3.25000 06/18/25-10Y CME Receive

1.59 7M
Government

Federal Home Loan Banks 0%

1.41 7M
Government

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