Summary
- Pioneer High Income Fund is a fixed income closed-end fund.
- The vehicle is almost fully covering its 9.7% dividend yield now and has performed fairly robustly in the past year.
- Interesting to note is that the fund has catastrophe bonds in its composition (called 'Event-linked Bonds' here). Cat bonds provide for diversification within a portfolio.
- The fund has a high beta to risk-on / risk-off market set-ups via its discount to NAV.
- This article covers CEFs and related analytics.
For further details see:
PHT: Continuing To Perform, 9.7% Covered Yield