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PIMCO Dynamic Credit and Mortgage Income Fund (PCI) is trading at one of the lowest valuations for a PIMCO fund. It is only at a slight premium, this is as we generally see PIMCO funds trade at double-digit premiums. On a pure premium level, PCI is even showing a better valuation than the PIMCO Dynamic Income Fund (PDI). PCI and PDI have had their struggles throughout the COVID-19 induced crash earlier in 2020. However, PCI is still attractive and worth taking a look