BNDW - PHK: The Premium Makes It Hard To Recommend This Bond Fund
2025-06-11 04:10:52 ET
The PIMCO High Income Fund ( PHK ) is a closed-end fund that income-seeking investors might choose to purchase as a means of achieving their goal of earning a very high level of current income from their assets. The fund actually does reasonably well in this respect, as its 12.00% current yield is substantially higher than the yield of any of the major domestic or international bond indices. We can see that in this comparison table:
Index/ETF |
Current Yield |
iShares Core U.S. Aggregate Bond Index ( AGG ) |
3.86% |
Bloomberg High Yield Very Liquid Index ( JNK ) |
6.63% |
Vanguard Total World Bond ETF ( BNDW ) |
4.03% |
Vanguard Total International Bond Index Fund ETF Shares ( BNDX ) |
4.30% |
J.P. Morgan EMBI Global Core Index ( EMB ) |
5.29% |