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PFN - PFN: I Have A Cautious Outlook Going Forward
PIMCO Income Strategy Fund II
Main Thesis
The purpose of this article is to evaluate the PIMCO Income Strategy Fund II (PFN) as an investment option. PFN is a fund I thought would be a decent buy during the sell-off, but my timing was much too early. While PFN has rebounded nicely off its low, I am now a bit more cautious on the fund, as the scars of the Q1 sell-off remain top of mind. Looking ahead, I see reasons to remain long the fund, but also multiple headwinds that will pressure total return. First, PFN has a 7%