PDO - Those Who Know Are Betting On PDO
2024-03-12 10:51:38 ET
Summary
- PIMCO Dynamic Income Opportunities Fund is a large closed-end fund managed by PIMCO with significant yield and offers monthly cash flow.
- The PDO fund's performance has been poor, but it started to pick up in November and has stabilized in the $12-$13 range.
- The fund's holdings are diversified, with a focus on mortgage-backed securities and a flexible asset allocation strategy. Rate cuts and a stable economy could lead to NAV appreciation.
- You are paying up for this management team and the leverage.
- Try and wait for a discount if possible.
PIMCO Dynamic Income Opportunities Fund ( PDO ), traded on the NYSE exchange, is one of the largest closed-end funds, or CEFs, that PIMCO manages in terms of total assets under management. We have a number of income-oriented investors in our investing group, and were asked about our thoughts on this fund. The investigation into the fund, its makeup, its NAV, its dismal performance, sky-high managing fees (expense ratio), and pending catalysts, leads us to the conclusion that on future weakness, we believe the fund is finally a buy....
Those Who Know Are Betting On PDO