PYHIX Performance — High Income Fund, Institutional Class
Data updated: 2025-03-25
PYHIX returned +7.87% over one year to Jan 2025. Annualised returns are +3.66% over 3 years and +3.75% over 5 years. Against its High Yield Bond category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $111, against $111 for the category, and to $108 over one year, against $108. Volatility over the past three years was 7.89% a year. In the 12 months to Jan 2025 the fund lost a net $2.9B, and assets reached $503.87M.
PYHIX Growth of $100
What $100 invested in High Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the High Yield Bond category average over the same months.
| Period | PYHIX | Category average |
|---|---|---|
| 1 year (Feb 2024 – Jan 2025) | $108 | $108 |
| 3 years (Feb 2022 – Jan 2025) | $111 | $111 |
| 5 years (Feb 2020 – Jan 2025) | $120 | $120 |
| Since data start (Aug 2019 – Jan 2025) | $123 | $123 |
PYHIX Trailing Returns
Total returns to Jan 2025, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +7.87% |
| 3 years (annualised) | +3.66% |
| 5 years (annualised) | +3.75% |
PYHIX Annual Returns
Calendar-year total returns of High Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2025 (Jan–Jan) | +1.20% |
| 2024 | +6.78% |
| 2023 | +13.03% |
| 2022 | −10.97% |
| 2021 | +5.05% |
| 2020 | +5.43% |
| 2019 (Aug–Dec) | +2.44% |
PYHIX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | +1.2% | — | — | — | — | — | — | — | — | — | — | — |
| 2024 | +0.2% | +0.2% | +1.3% | −0.9% | +1.2% | +0.8% | +1.8% | +1.5% | +1.2% | −1.2% | +0.9% | −0.3% |
| 2023 | +3.9% | −1.2% | +1.1% | +1.1% | −0.9% | +1.7% | +1.5% | +0.1% | −1.1% | −1.2% | +4.2% | +3.4% |
| 2022 | −2.4% | −0.9% | −0.7% | −3.4% | −0.1% | −6.4% | +5.4% | −2.0% | −4.0% | +2.5% | +1.8% | −0.9% |
| 2021 | +0.3% | +0.2% | +0.3% | +1.0% | +0.2% | +1.3% | +0.3% | +0.6% | 0.0% | −0.3% | −0.7% | +1.8% |
| 2020 | +0.2% | −1.4% | −11.6% | +3.2% | +4.3% | +0.8% | +4.8% | +0.9% | −0.6% | +0.7% | +3.4% | +1.8% |
| 2019 | — | — | — | — | — | — | — | −0.2% | +0.1% | −0.2% | +0.3% | +2.4% |
PYHIX Risk
Risk measures from monthly returns over Feb 2022 – Jan 2025.
- 3-year volatility (annualised): 7.89%
- 3-year Sharpe ratio: -0.11 (vs 4.5% risk-free rate)
- Best month: +5.43% (Jul 2022)
- Worst month: −6.36% (Jun 2022)
PYHIX Fund Flows
Monthly money in and out of High Income Fund, from SEC Form N-PORT.
- 12-month net flow: −$2.9B
- 12-month gross sales (incl. reinvestments): $764.5M
- Sales ÷ redemptions: 0.21×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jan 2025 | $4.8M | $19.8M | −$15.0M |
| Dec 2024 | $4.9M | $79.5M | −$74.6M |
| Nov 2024 | $7.1M | $10.7M | −$3.6M |
| Oct 2024 | $10.3M | $1.4B | −$1.4B |
| Sep 2024 | $32.9M | $1.5B | −$1.5B |
| Aug 2024 | $35.5M | $409.8M | −$374.3M |
| Jul 2024 | $211.2M | $30.4M | $180.7M |
| Jun 2024 | $90.0M | $36.5M | $53.5M |
| May 2024 | $32.9M | $24.8M | $8.1M |
| Apr 2024 | $85.4M | $32.6M | $52.8M |
| Mar 2024 | $149.4M | $26.5M | $123.0M |
| Feb 2024 | $100.2M | $80.1M | $20.1M |
PYHIX Assets Under Management
Net assets of High Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2025-01-31 | $503.87M |
| 2024-10-31 | $598.45M |
| 2024-07-31 | $3.85B |
| 2024-04-30 | $3.54B |
| 2024-01-31 | $3.38B |
| 2023-10-31 | $3.16B |
| 2023-07-31 | $3.24B |
| 2023-04-30 | $3.19B |
| 2023-01-31 | $3.09B |
| 2022-10-31 | $3.08B |
| 2022-07-31 | $3.09B |
| 2022-04-30 | $3.49B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.