other material
confidence high
sentiment neutral
materiality 0.65
PIMCO High Income Fund expands to originate and invest in loans, including subprime, and lifts bank loan limit
PIMCO HIGH INCOME FUND
- Effective June 24, 2026, Fund can invest in and/or originate loans (residential, commercial, consumer) with no borrower credit criteria.
- Effective July 24, 2026, Fund may invest without limitation in bank loans.
- No limit on amount, size, or type of loans; may include below-investment-grade and subprime loans.
- Fund may originate loans to foreign entities/individuals, exposing it to foreign lending and currency risks.
- Risk disclosures expanded: loan origination, foreign loan origination, and illiquidity risks now part of prospectus.