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PHK - PIMCO High Income Fund: I Wouldn't Rely On It
Pimco High Income Fund
A famous name, monthly payouts, and a double-digit yield can sound attractive.
But it's hard to sustain double-digit yields with safe assets. The fund has repeatedly cut dividends in recent years.
The underlying fund model is ill-suited to a low-yield bond era. For dividend-seeking investors who don't want to lose capital, this is a risky choice.