PCI News and Press, PIMCO Dynamic Credit and Mortgage Income Fund of Beneficial Interest From 06/10/20

(This report was issued to members of Yield Hunting on May 26th.) Branding matters. Think of this. In the 1980s, PepsiCo ( PEP ) began running commercials with The Pepsi Challenge, where people would try two colas as a taste test and select which they liked better. Not surprisingly, Pepsi ...

Co-produced with Treading Softly Here at High Dividend Opportunities, we strive to make retirement possible for many. Once that's been achieved, should you throw in the towel? No, if you have time to continue to make your retirement more comfortable and stable, you'd be foolish not to. ...

Over the last few months we have tracked the leverage shifts across the PIMCO municipal and taxable CEFs. The key reason for this is three-fold. First, PIMCO funds are some of the most nimble movers across the fund space both in terms of underlying portfolio allocations as well as shifts in ri...

Over the last few weeks and across a number of articles we have been focused on the changes in leverage of PIMCO CEFs. Our view has been that changes in borrowings are key drivers of fund earnings and, by extension, distribution sustainability. Today we saw three taxable CEFs cut their distrib...

Markets have settled and recovered from the initial shock of the coronavirus spread and the response of governments around the US and the world to lock down the economy. But while the major US indices have approached, if not quite matched, the fabled v-shaped recovery, there are still plenty o...

Author's note: This article was initially released on May 15, 2020 and data are from that date. Please check latest data before investing. Chemist's Closed-End Fund Report Quantitative screens help to rapidly narrow down attractive candidates from the database of 500-plus closed-end ...

In Part I of this two-part report, titled " What To Make of The NAVs Of The PIMCO Twins " we took a hard look at the NAV performance of PIMCO Dynamic Income ( PDI ) and PIMCO Dynamic Credit and Mortgage ( PCI ) and what was driving it. In this report, we will quickly look at what the f...

Co-produced with Beyond Saving Introduction: What are Closed End Funds ('CEFs') Closed-end funds, or CEFs, are funds that issue a fixed number of shares, which then trade on the open-market like common equities. The fund raises capital, which it then invests, often with leverage, and...

In our previous articles on PIMCO CEFs, we discussed how these funds have deleveraged in March to varying degrees due to already elevated leverage levels and sharply falling NAVs. April saw continued deleveraging across a number of taxable funds with some funds playing catch-up while other fun...

Co-produced with Beyond Saving A great defense is a good offense. There are still many uncertainties in this market. The bullish rally could easily turn around from any little bit of negative news. Businesses are in the infancy stages of reopening, but how long will it take for consume...