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PFN - PFN: Staying Cautious Through The End Of The Year
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 have recommended many times, but moved to a more cautious stance in my last review. This time around, I believe that caution is still warranted. For one, the fund's premium is still quite high, which should make investors careful before building, or adding to, new positions now. Secondly, PFN has seen its income metrics drop markedly since last month. While other PIMCO CEFs saw similar drops, not all of