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% |
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PHK: The Premium Makes It Hard To Recommend This Bond Fund
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