BCS - PIMCO Dynamic Credit And Mortgage Fund Now Available With A 8.76% Distribution
In a series on closed-end bond funds, I look at the PIMCO Dynamic Credit and Mortgage Fund(PCI). At the end of this article you will find a table showing an overview of peers.
According to Pimco’s website PCI will normally put 25% of its total assets in non-agency mortgage-related securities. There are some other broad rules but within credit and bonds the managers have a lot of freedom. That’s a good thing. I really hate firms that first tout their talent and how important their people are (not saying Pimco does that) and