PIMCO High Income Fund is a diversified closed-end management investment company. The Fund's investment objective is to seek high current income and capital appreciation as a secondary objective using a dynamic asset allocation strategy among multiple fixed income sectors in the credit markets. The fund focuses on duration management, credit quality analysis, risk management techniques and broad diversification among issuers, industries and sectors. The fund may invest any portion of its assets in below-investment-grade securities, or high yield bonds. The Fund invests in various sectors, including airlines, auto manufacturers, banking, chemicals, commercial services, diversified financial services, electric utilities, insurance, oil & gas, real estate, telecommunications and transportation. Allianz Global Investors Fund Management LLC is the Funds’ investment manager and Pacific Investment Management Company LLC is the Funds’ sub-adviser.