NRGX - NRGX: Get A 5.8% Yield From This Unique PIMCO Fund

• This is a unique fund for the energy and natural resource space giving investors a bit of a reduced risk exposure to MLPs, energy companies, and utilities.
• They have a host of underlying strategies going on in the fund including options writing, futures exposure, swaps, and MLPs/energy names.
• The fund has performed well on a NAV basis as energy has recovered but also because the fund reduced the quarterly distribution.
• We think it could be time to invest as the NAV momentum is very strong and borrowing is on the increase.
• We like the fund for a near-term holding (3-6 months) on the expectation of the discount closing with the catalyst being a distribution increase and NAV momentum.

For further details see: