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home / news releases / PHK - PIMCO CEF Leverage Update: Full Steam Ahead


PHK - PIMCO CEF Leverage Update: Full Steam Ahead

  • PIMCO taxable CEFs continued to add borrowings at a fast pace in September.
  • The average fund leverage is approaching 40% - the highest level for the year.
  • More attractive asset valuations, an early-cycle market environment and low leverage costs are likely driving PIMCO to boost leverage levels.
  • Premium valuations have richened, making the taxable suite less attractive in aggregate. Tactically, we like PDI here. We also stick with PHK as an allocation in the High Income Portfolio.

For further details see:

PIMCO CEF Leverage Update: Full Steam Ahead
Stock Information

Company Name: Pimco High Income Fund
Stock Symbol: PHK
Market: NYSE

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