Morningstar

PIMCO High Yield Spectrum Fund Institutional Class PHSIX

Morningstar Medalist Rating
Medalist Rating as of | See PIMCO Investment Hub
  • NAV / 1-Day Return 9.19  /  0.00
  • Total Assets 461.8M
  • Adj. Expense Ratio
    0.610%
  • Expense Ratio 0.690%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity Low/Limited
  • Min. Initial Investment 1M
  • Status Open
  • TTM Yield 6.56%
  • Effective Duration 2.65 years

USD | NAV as of Jul 18, 2026 | 1-Day Return as of Jul 18, 2026, 12:11 AM GMT+0

Morningstar’s Analysis PHSIX

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

  • People Pillar

    The People Pillar is our evaluation of the PHSIX 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 PHSIX’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 PHSIX

More PHSIX 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 June 26

11.55 49M
Government

CDX HY45 5Y ICE

7.55 32M
Derivative

United States Treasury Notes 4.5%

5.88 25M
Government

EUROPEAN MONETARY UNION EURO Purchased

4.06 17M
Derivative

United States Treasury Notes 4.625%

3.85 16M
Government

5 Year Treasury Note Future June 26

2.55 11M
Government

CDX HY46 5Y ICE

1.80 8M
Derivative

Offset: Unsettled Trades

1.67 7M
Cash and Equivalents

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

1.43 6M
Government

BRITISH POUND STERLING Purchased

1.24 5M
Derivative

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