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| 1 Year | 5 Year | 5 Year Annualized | Since IPO | |
|---|---|---|---|---|
| PHK | +7.89% | +48.95% | +8.29% | +333% |
| S&P | +12.57% | +87.93% | +13.44% | +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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