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| 1 Year | 5 Year | 5 Year Annualized | Since IPO | |
|---|---|---|---|---|
| PHK | +6.75% | +55.77% | +9.26% | +330% |
| S&P | +16.23% | +94.45% | +14.22% | +650% |
The primary objective is to seek high current income. Capital appreciation is a secondary objective. The primary investments are U.S. dollar-denominated corporate debt obligations of varying maturities and other corporate income-producing securities.
New challenges face investors in all of these investments.
Shares of the closed-end fund are tumbling after a distribution cut.
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