PCI News and Press, PIMCO Dynamic Credit and Mortgage Income Fund of Beneficial Interest From 03/28/20

What's a Near-Perfect Portfolio? Is it even possible? The future is always uncertain. No portfolio can be perfect, because it cannot meet all of its stated objectives in every situation all the time. No one can predict the future with any degree of certainty. Don’t ever believe the ...

Co-produced w ith PendragonY Right now the worst thing you can do is panic, especially selling lots of your holdings. Panic is never your friend. Yes, a lot of your positions, HDO and non-HDO alike, are down a lot. And while most of them will recover, some will not. Some will cut...

Perhaps the most inquiries received in the last week has to do with the PIMCO "twins". PIMCO Dynamic Income ( PDI ) and PIMCO Dynamic Credit and Mortgage ( PCI ) . Is the distribution safe? Will they have to force de-leverage through margin calls? I will attempt to answer that. But the sh...

The equity markets have been nothing but bloody. The S&P 500 index plunged last week, marking the worst week since the Lehman collapse of 2008. Nothing was spared, not even the bond markets. Retail investors are in panic. And I would like to highlight today why I remain optimistic. Don&...

With Covid-19-induced turmoil shaking bond markets, the underlying assets in bond mutual funds and ETFs become harder to price and that's leading to huge selloffs for mutual funds and ETFs. More news on: Braddock Multi-Strategy Income Fund Class A Shares A, iShares iBoxx $ Investment Grade...

The market is in full panic mode due to the unprecedented economic upheaval and uncertainties caused by the spread of Coronavirus. The market has swung more than 4% in either direction for eight consecutive sessions now, which is a record in itself. In response, the Fed and the government have...

Is now the time to buy? For the last year or so we have attempted to invest conservatively, focusing on U.S. Treasury and Agency securities, as well as very high credit quality securities in corporate bonds and asset-backed securities. We tried to stay on the sidelines of risk as much as ...

Co-produced by Stanford Chemist In a previous piece, we covered why an N-2 filing is important and what this could mean when the 497 was filed. We discussed that the N-2 was when closed-end funds filed a registration for new shares. This ultimately meant that a fund was either conducti...

Based on the price action in mortgage REITs (agency, credit, commercial), and other borrow short/lend long players, there's real question about whether 1) They'll be able to continue to find financing, and/or 2) Whether their borrowers can pay them back. More news on: Annaly Capital Manage...

We are in the midst of the worst kind of volatility since the great recession of 2008, and on the verge of a bear market. Sure, more than the financial markets, the government and society, in general, have the bigger problem of preventing the spread of coronavirus. However, there's still hop...