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Morningstar

PIMCO High Yield Spectrum A PHSAX

Morningstar Medalist Rating
Medalist Rating as of | See PIMCO Investment Hub
  • NAV / 1-Day Return 8.69  /  0.25 %
  • Total Assets 273.6 Mil
  • Adj. Expense Ratio
    0.950%
  • Expense Ratio 0.970%
  • Distribution Fee Level Below Average
  • 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 8.02%
  • Effective Duration 3.19 years

USD | NAV as of Nov 28, 2023 | 1-Day Return as of Nov 28, 2023, 11:18 PM GMT+0

Morningstar’s Analysis PHSAX

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

People Pillar

The People Pillar is our evaluation of the PHSAX 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 PHSAX’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 Spectrum’s former manager Andrew Jessop will retire in June 2023, while another comanager left the firm earlier in 2023. The strategy in place here is robust, but there is a new management configuration. 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 PHSAX

More PHSAX Holdings
  • Current Portfolio Date
  • Equity Holdings 13
  • Bond Holdings 460
  • Other Holdings 29
  • % Assets in Top 10 Holdings 14.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

EUROPEAN MONETARY UNION EURO Purchased

18.30
53,849,833
Derivative

CDX HY40 5Y ICE

12.29
36,183,148
Derivative

United States Treasury Notes 4.25%

3.22
9,479,813
Government

United States Treasury Notes 3.625%

3.09
9,097,289
Government

United States Treasury Notes 1.75%

2.12
6,244,477
Government

United States Treasury Notes 4.625%

1.87
5,506,660
Government

BRITISH POUND STERLING Purchased

1.79
5,255,960
Derivative

United States Treasury Bills 0%

1.49
4,389,606
Government

United States Treasury Bills 0%

1.32
3,870,848
Government

Offset: Cash

0.99
2,917,741
Cash and Equivalents