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PFN - PFN: Still Pricey But Still A Reasonable Option For High Yield
PIMCO Income Strategy Fund II
PFN has performed well over the summer months, and risk-on assets continue to pique investor interest.
The fund's premium continues to make me cautious, as does recent UNII figures that are not very encouraging.
High yield bonds remain an area for the bold. However, a large percentage of new issuance has been used for refinancing, putting the issuers in stronger financial positions.