PIMCO High Income Fund is a diversified closed-end management investment fund. The Fund's investment objective is to seek high current income, with capital appreciation as a secondary objective. The Fund focuses on duration management, credit quality analysis, risk management techniques and broad diversification among issuers, industries and sectors, as well as other risk management techniques designed to manage default risk. The Fund seeks to invest any portion of its assets (or none) in below-investment-grade securities, or high yield bonds (also known as junk bonds). The Fund invests in industries, such as gaming, banks, home construction, railroads, insurance life and automotive, among others. Pacific Investment Management Company LLC serves as the Funds' investment manager.