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PIMCO High Income Fund:PHK

For registered users only

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As of 5/24/2013

	Share Price	NAV	Premium/ Discount
Current	$12.69	$8.77	44.70%
52 Wk Avg	$12.64	$8.32	52.39%
52 Wk High	$14.31	$8.90	77.46%
52 Wk Low	$10.15	$7.59	22.14%

Distribution Rate	11.47%
Distribution Amount	$0.1219
Distribution Frequency	Monthly


	5D 1M YTD 1Y 3Y 5Y	Interactive Chart
	Since Inception

Fund Basics DistributionsPricing HistoryPerformancePortfolio Characteristics

Investment Objective
The Fund seeks high current income with capital appreciation through investment in corporate debt obligations and income producing securities

Capital Structure
(As of 5/24/2013)
Total Net Assets:	$1,373.539M
Total Common Assets:	$1,081.487M
Common Shares Outstanding:	123,167,966

Leverage
(As of 9/30/2012)
Preferred Share Assets:	$292.000M
Type of Preferred:	Auction-rate cumulative preferred share
Total Debt (USD):
Structural Leverage (USD):	$292.000M
Structural Leverage (%):	22.30%
Effective Leverage (USD):	$292.000M
Effective Leverage (%):	22.30%
Preferred Share Rates

Annual Expense Ratios
(As of 3/31/2013)
Management Fees	0.91%
Other Expenses:	0.16%
Baseline Expense:	1.07%
Interest Expense:	0.09%
Total:	1.16%

Preferred Shareholder Distributions:	0.00%

Basics
CUSIP:	*****
Category:	Taxable Income-High Yield
Fund Sponsor:	Pacific Investment Management Company LLC
Portfolio Managers:	Bill Gross (05 May 2009)

Ticker:	PHK
NAV Ticker:	XPHKX

Average Daily Volume (shares):
Average Daily Volume (USD):

Inception Date:	4/30/2003
Inception Share Price:	$15.00
Inception NAV:	$14.31

Tender Offer:	No
Term:	No
Fiscal Year End:	March 31

Third Party Links & Reports
SEC Filings
Intraday Pricing and News
Fund Sponsor Website

As of 5/24/2013

Distribution History Since Inception

Distribution History

Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

Display History

Declared Date	Payable Date	Ex Date	Distrib Amount	Income	ROC
5/1/2013	6/3/2013	5/9/2013	$0.1219	$0.1146	$0.0073
4/1/2013	5/1/2013	4/9/2013	$0.1219	$0.1146	$0.0073
3/1/2013	4/1/2013	3/7/2013	$0.1219	$0.1146	$0.0073
2/1/2013	3/1/2013	2/7/2013	$0.1219	$0.1146	$0.0073
1/2/2013	2/1/2013	1/10/2013	$0.1219	$0.1146	$0.0073
12/3/2012	1/2/2013	12/11/2012	$0.1219	$0.1146	$0.0073
11/1/2012	12/3/2012	11/8/2012	$0.1219	$0.1146	$0.0073
10/1/2012	11/1/2012	10/9/2012	$0.1219	$0.1146	$0.0073
9/4/2012	10/1/2012	9/12/2012	$0.1219	$0.0694	$0.0525
8/1/2012	9/4/2012	8/9/2012	$0.1219	$0.0964	$0.0254
7/2/2012	8/1/2012	7/10/2012	$0.1219	$0.1219
6/1/2012	7/2/2012	6/7/2012	$0.1219	$0.1219

Key Information Regarding Distributions
Avg. Earnings Per Share: (As of 9/30/2012)	$0.0719
Annualized Distribution Rate on NAV: (As of 5/24/2013)	16.70%
Total Return on NAV (12 months): (As of 5/24/2013)	36.17%
Avg. UNII Per Share: (As of 9/30/2012)	-$0.4406
Avg. Portfolio Coupon: (As of 5/24/2013)	4.55%
Total % Portfolio Leveraged: (As of 5/24/2013)	22.30%

Portfolio Characteristics

Average Coupon (As of 5/24/2013):	4.55%
Average Duration (As of 4/30/2013):	4.06 yrs
Average Maturity (As of 4/30/2013):	31.00 yrs
Number of Holdings (As of 3/31/2013):	333
Annual Portfolio Turnover (As of 3/31/2014):	24.00%

Top Holdings

As of 3/31/2013 reported by fund sponsor

Holding	Value	%Portfolio
Rbc Capital Markets Repo Repo 0.25	$100.00M	7.38%
Barclays Bk FRN 14.00 31 Dec 2049	$79.43M	5.87%
Lloyds Tsb Bk 144A FRN 12.00 31 Dec 2049	$63.70M	4.70%
Citigroup Repo Repo 5807 0.24 01 Apr 2013	$60.50M	4.47%
Toll Rd Invs Partnership Ii 144A 15 Feb 2045	$57.91M	4.28%
Amer Intl Grp 8.625% 8.63 22 May 2068	$53.76M	3.97%
Barclays Capital Repo Repo 0.23	$40.00M	2.95%
Cobank Acb Pfd 144A 11.00	$39.00M	2.88%
Santander Fin Pfd Sa Uni Bank Guarant 07 11.30 31 Dec 2049	$34.14M	2.52%
Cloverie Plc, Dublin FRN	$33.47M	2.47%
Greenpoint Credit Mhc 2000-3 8.45% 8.45 20 Jun 2031	$31.67M	2.34%

Top Sectors

As of 4/30/2013 reported by fund sponsor

Sector	%Portfolio
Banks	17.00%
Non-Captive Con.Finance	9.00%
insurance life	7.00%
Non-Captive div. Finance	3.00%
Financial Other	1.00%
Metals And Mining: Coal	1.00%
Chemicals	1.00%
Electric Utility	1.00%
Airlines	1.00%
Wirelines	1.00%

Maturity Breakdown

As of 4/30/2013 reported by fund sponsor

Asset Allocation

As of 12/31/2012 reported by fund sponsor

Country Allocation

As of 12/31/2012 reported by fund sponsor

Country	%Portfolio
USA	95.62%

Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. Past performance is no guarantee of future results.

The risks outlined below do not include all the risks pertaining to an investment in this fund. For more detailed information, please contact the Fund Sponsor.

Investment and Market Risk: An investment in common shares is subject to investment risk, including the possible loss of the entire principal amount that you invest. Your investment in common shares represents an indirect investment in the corporate securities owned by the Fund, which generally trade in the over-the-counter markets. Your common shares at any point in time may be worth less than your original investment, even after taking into account the reinvestment of Fund dividends and distributions.

Price Risk: Shares of closed-end investment companies like the Fund frequently trade at a discount to their NAV. Your common shares at any point in time may be worth less than your original investment, even after taking into account the reinvestment of Fund dividends and distributions.

Issuer Credit Risk:

Leverage Risk: Each Fund’s use of leverage creates the possibility of higher volatility for the Fund’s per share NAV, market price, distributions and returns. There is no assurance that a Fund’s leveraging strategy will be successful.

Non-Diversification and Concentration Risk: The Funds are able to invest a greater portion of their assets in obligations of a single issuer than a “diversified” fund. A nondiversified fund, or one with a portfolio concentrated in a particular industry or geographical region, may be affected disproportionately by the performance of a single security or relatively few securities as a result of adverse economic, regulatory, or market occurrences.

NOTES

1. Annualized total return is determined by subtracting the initial investments from the redeemable value of the investment at the end of the investment period, dividing the remainder by the initial investment and expressing the result as a percentage. For multiple years, 1 would be added to the results, this number could then be raised to the power of 1/years annualized - 1 to find the result of a multiple year annualized return. The calculation assumes that all income and capital gains distributions by the Fund have been reinvested at net asset value (share price) on the ex dates during the period.

PIMCO High Income Fund:PHK

Investment Objective

Capital Structure

Leverage

Annual Expense Ratios

Basics

Third Party Links & Reports

Distribution History

Key Information Regarding Distributions

Premium/Discount Information

Pricing History