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PDI - PDO: Tempting Valuation 8.27% Distribution Yield
PIMCO Dynamic Income Fund
PDO launched early in 2021; since then, the fund's performance has been weak, as one would expect with rising rates.
While rising rates will continue to pressure this debt-focused fund, the valuation has become quite tempting relative to other PIMCO names.
The fund also paid a special year-end distribution in its first year, so the NAV decline, if you look at just the absolute figure, could also be misleading.