PHSDX — PIMCO High Yield Spectrum Fund
Data updated: 2026-08-31
PHSDX — PIMCO High Yield Spectrum Fund. Intermediate Corporate Bond · $461.75M AUM · 0.96% expense ratio. Holdings, fees, performance and SEC filings.
PHSDX Fund Overview
PHSDX — PIMCO High Yield Spectrum Fund is a US mutual fund managed by PIMCO Funds, categorised as Intermediate Corporate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: PIMCO Funds
- Category: Intermediate Corporate Bond
- Assets under management: $461.75M
- Ticker: PHSDX
- SEC CIK: 0000810893
- SEC series ID: S000029813
- Share class ID: C000091651
PHSDX Investment Objective and Strategy
PIMCO High Yield Spectrum Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by PIMCO Funds.
Investment objective
The Fund seeks maximum total return, consistent with prudent investment management.
Principal investment strategy
"The Fund seeks to achieve its investment objective by investing under normal circumstances at least 80% of its assets in a diversified portfolio of high yield securities (""junk bonds""), which may be represented by convertibles, warrants, forwards or derivatives such as swap agreements, rated below investment grade by Moody's Investors Service, Inc. (""Moody's""), or equivalently rated by Standard & Poor's Ratings Services (""S&P"") or Fitch, Inc. (""Fitch""), or, if unrated, determined by PIMCO to be of comparable quality. The Fund may invest, without limitation, in Fixed Income Instruments and other securities of any rating below investment grade as rated by Moody's, or equivalently rated by S&P or Fitch, or, if unrated, determined by PIMCO to be of comparable quality. ""Fixed Income Instruments"" include bonds, debt securities and other similar instruments issued by various U.S.
and non-U.S. public- or private-sector entities. The average portfolio duration of the Fund normally varies within one year (plus or minus) of the portfolio duration of the securities comprising the ICE BofAML Developed Markets High Yield Constrained (USD Hedged) Index (the ""Benchmark""), as calculated by PIMCO, which as of May 31, 2018 was 3.68 years. Duration is a measure used to determine the sensitivity of a security's price to changes in interest rates. The longer a security's duration, the more sensitive it will be to changes in interest rates. The Fund may invest without limit in securities of foreign issuers or securities denominated in foreign currencies. The Fund may invest, without limit, in securities and instruments of corporate issuers economically tied to emerging market countries and may invest up to 10% of its total assets in sovereign debt issued by governments, their agencies or instrumentalities, or other government-related entities, that are economically tied to emerging market countries.
The Fund will normally limit its foreign currency exposure (from non-U.S. dollar-denominated securities or currencies) to within 10% (plus or minus) of the Benchmark's foreign currency exposure, which as of May 31, 2018 was 0%. The Fund may invest, without limitation, in derivative instruments, such as credit default swap agreements and total return swap agreements. The Fund may purchase or sell securities on a when issued, delayed delivery or forward commitment basis and may engage in short sales. The Fund may, without limitation, seek to obtain market exposure to the securities in which it primarily invests by entering into a series of purchase and sale contracts or by using other investment techniques (such as buy backs or dollar rolls). The ""total return"" sought by the Fund consists of income earned on the Fund's investments, plus capital appreciation, if any, which generally arises from decreases in interest rates, foreign currency appreciation, or improving credit fundamentals for a particular sector or security.
The Fund may also invest up to 15% of its total assets in preferred securities."
PHSDX Holdings
Top 10 holdings of PIMCO High Yield Spectrum Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Fed Home Ln Discount Nt | 5.15% |
| Pimco Prv Short Term Flt Iii | 3.30% |
| Fed Home Ln Discount Nt | 1.42% |
| Fed Home Ln Discount Nt | 1.40% |
| Fed Home Ln Discount Nt | 1.06% |
| TransDigm Inc | 0.90% |
| 1011778 Bc / New Red Fin | 0.81% |
| Venture Global Lng, Inc. | 0.77% |
| Fed Home Ln Discount Nt | 0.66% |
| Intercontinental Exchange, Inc. | 0.62% |
PHSDX Portfolio Allocation
Asset-class allocation of PIMCO High Yield Spectrum Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 86.9% |
| Loans | 7.3% |
| Cash & Equivalents | 3.6% |
| Derivatives | 1.1% |
| Equity | 0.3% |
| Real Estate | 0.3% |
| Other | 0.1% |
PHSDX Performance
Total returns for PHSDX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.2% |
| 1 year | 5.5% |
| 3 years (annualised) | 9.0% |
| 5 years (annualised) | 4.6% |
PHSDX Risk Information
Risk metrics for PHSDX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 2.6%
PHSDX Costs and Fees
PHSDX costs about $96 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.96%
- Gross expense ratio: 0.96%
- Portfolio turnover: 50%
- Brokerage commissions: 0.05 bps of average net assets (SEC N-CEN)
PHSDX Cashflows
Over the 12 months to 2026-06, PIMCO High Yield Spectrum Fund had net inflows of $12.24M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $4.11M |
| 2026-05 | $11.06M |
| 2026-04 | $23.05M |
| 2026-03 | −$118.58M |
| 2026-02 | $26.74M |
| 2026-01 | $23.04M |
PHSDX Debt Constituents
Largest debt holdings of PIMCO High Yield Spectrum Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Fed Home Ln Discount Nt | 5.15% |
| Fed Home Ln Discount Nt | 1.42% |
| Fed Home Ln Discount Nt | 1.40% |
| Fed Home Ln Discount Nt | 1.06% |
| 1011778 Bc / New Red Fin | 0.81% |
| Venture Global Lng, Inc. | 0.77% |
| Fed Home Ln Discount Nt | 0.66% |
| 1261229 Bc Ltd. | 0.56% |
| Quikrete Holdings, Inc. | 0.55% |
| Altice France SA | 0.55% |
PHSDX Prospectus and SEC Filings
Official PIMCO High Yield Spectrum Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-07-25
- Prospectus supplement (497) — filed 2024-01-08
- Prospectus supplement (497) — filed 2023-10-02
- Portfolio holdings (N-PORT) — filed 2026-08-31
- Portfolio holdings (N-PORT) — filed 2026-05-29
- Portfolio holdings (N-PORT) — filed 2026-03-02
- Annual census (N-CEN) — filed 2026-06-11
- Annual census (N-CEN) — filed 2025-06-13
Related Funds
Other Intermediate Corporate Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.