PCI News and Press, PIMCO Dynamic Credit and Mortgage Income Fund of Beneficial Interest From 11/02/20

Markets returned to volatility as the tech boom became a tech wreck. The Nasdaq entered a full bear market falling over 20% from the peak. Our Core Income Portfolio is now over four years old and did well in September bucking the downward trend in the markets. Income (after tax) c...

Seeking "Alpha" means trying to do better than average (i.e. better than "Beta"); a worthy objective that, not surprisingly, less than half of all investors actually achieve. The more aggressively an investor attempts to achieve Alpha, the more they usually end up holding lower-yieldi...

PCI is trading for a premium less than 1%, which is well below where the fund normally trades at. Mortgage refinancing activity remains high, which is a headwind, but overall delinquency rates have declined, which is a tailwind. The fund's income metrics are weak, but the yield wi...

Target-Date Funds are popular retirement investments because of their one-stop shopping nature. While they appear simple, the holdings are quite complex. We show how four conservative CEFs do a much better job. For further details see: Retirement Portfolio: Do Not Set On...

PDI and PCI are both popular funds operated by PIMCO, providing exposure to MBS holdings. The recent dip has now presented an opportunity, putting the two valuations at similar levels. This has occurred after years of PDI trading at higher valuations. The fund took a second di...

Twenty out of 23 CEF sectors positive on price and 18 out of 23 sectors positive on NAV last week. MLPs rally! RIV offering is now live, with a subscription floor of -5% discount. XFLT increases its distribution by +22%, restoring it to pre COVID-19 levels. For further detai...

Putting money to work every month can help continue to grow a strong income that grows over time. 8 funds were bought, though two of them were a swap from a different investment. 5 new positions were added to my portfolio (2 of these were from swap opportunities,) while 3 were add...

Often we learn valuable lessons that could've completely changed our lives if we knew them earlier. Time travel is apparently mathematically possible, but not feasible currently. Would your 20-year-old self listen to the older more-experienced you? For further details see: ...

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 l...

PDI placed more than 3 million shares at a 24.69 price raising over $75M of fresh capital and increasing the size of the fund by 5% before any leverage is applied. The fund's managers and PIMCO clearly see an opportunity here to add value to the shares and help recover NAV lost in Mar...