PDI - A Look Under The Hood Of PCI And PDI
PIMCO Dynamic Credit and Mortgage (PCI) and PIMCO Dynamic Income (PDI) still remain at the center of our Core Portfolio- as they have for the last 3.5 years. The "PIMCO twins" have done extremely well on a risk-adjusted basis but there are changes afoot and we thought we'd go through some of them with our members.
The main thesis has been relatively unchanged for most of these last three years- that these vehicles housed boatloads of non-agency mortgage backed securities purchased at just the right time. One of the things closed-end