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PIMCO High Income Fund ( PHK ) is a closed-end fund (CEF) that aims to generate an annual return of around 12%, paid monthly, by investing in the riskiest tranche of credit globally. When you invest inAnalyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking ...