PHT: Short Duration Is Nice, But This Fund Is Pricey

2025-06-17 01:22:06 ET

The Pioneer High Income Fund ( PHT ) is a closed-end junk bond fund that investors might opt to purchase as a source of income. This is not particularly surprising since, as a junk bond fund, the provision of income is the primary way through which the fund provides an investment return to its investors. This is simply the way that this particular asset class works, which we can see by comparing the price performance to the total return performance of a broad-market domestic junk bond index ( JNK ):

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