PIMCO High Yield Spectrum Fund (PHSPX)

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PIMCO High Yield Spectrum Fund (PHSPX) is up 0.9% since the beginning of the year. PHSPX is currently trading at $9 per share. Investors who bought $1,000 worth of PHSPX shares 5 years ago would now be looking at an investment worth $1,235.

PIMCO High Yield Spectrum Fund (PHSPX) has returned 0.94% so far this year and 6.68% over the past 12 months. Over the last ten years, PHSPX has returned 5.73% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.

Based on dividend-adjusted daily data since Sep 16, 2010, PHSPX's average daily return is +0.02%, while the average monthly return is +0.51%. At this rate, an investment would double in approximately 11.4 years.

Historically, 69% of months were positive and 31% were negative. The best month was Oct 2011 with a return of +8.4%, while the worst month was Mar 2020 at -11.0%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 6 months.

On a daily basis, PHSPX closed higher 44% of trading days. The best single day was Mar 26, 2020 with a return of +3.2%, while the worst single day was Mar 9, 2020 at -3.6%.

PIMCO High Yield Spectrum Fund has an annualized alpha of 3.96%, beta of 0.16, and R2 of 0.27 versus S&P 500 Index. Calculated based on daily prices since September 17, 2010.

• This fund participated in 41.99% of S&P 500 Index downside but only 37.85% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.16 may look defensive, but with R2 of 0.27 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.27 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

PHSPX has an expense ratio of 0.71%, placing it in the medium range.

PHSPX ranks 59 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

The table below present risk-adjusted performance metrics for PIMCO High Yield Spectrum Fund (PHSPX) and compare them to S&P 500 Index.

PIMCO High Yield Spectrum Fund provided a 6.40% dividend yield over the last twelve months, with an annual payout of $0.59 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for PIMCO High Yield Spectrum Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the PIMCO High Yield Spectrum Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the PIMCO High Yield Spectrum Fund was 20.38%, occurring on Mar 23, 2020. Recovery took 158 trading sessions.

The chart below shows the rolling one-month volatility.