PDI News and Press, PIMCO Dynamic Income Fund From 10/28/22

Summary In 2020, the anti-fossil-fuel crowd left Exxon Mobil for dead, as its share price cratered and its dividend yield ballooned. On Friday, Exxon announced record-breaking earnings and another dividend hike as management remains steadfast in its commitment to oil and gas (and ...

Summary We provide a September update for the PIMCO CEF taxable and Municipal suites. The taxable suite has continued to deleverage except for PAXS which looks to have reached its target leverage of 48%. Distribution coverage ticked lower except for two funds across the entire...

Summary PIMCO Dynamic Income Fund is an income-focused CEF which has never cut or missed a distribution in ten years. Management has shown good long-term performance, though near-term performance hasn't been as good. The portfolio overall will likely continue to experience pre...

Summary The market is going through a period of extraordinary uncertainty. It makes the task of investing and conserving capital hugely challenging. With index investing, there's no escape from a roller coaster ride. For most people, especially retirees, it's very difficult to tol...

Summary The market is offering a limited time sale on many great income picks. The best part of a market drop or sale, is that they don't last forever. We examine PIMCO Dynamic Income fund and Capital Southwest Corp. as two sales you need to take advantage of! Co-p...

Summary FSD provides high distributions through investments in non-investment grade corporate bonds. It has an 11.7% current distribution yield on market price. However, FSD has averaged 5-Yr total returns of only 1.3%, which is not sufficient to maintain the distribution and ...

Summary The PCM Fund is a fixed income CEF from the Pimco suite. The vehicle has historically traded at very high premiums to NAV, which constantly exceeded 10%. The fund is overweight Non-Agency Mortgages and High Yield, having pivoted towards non-agency MBSs this year. T...

Summary There are good reasons to be attracted to the PIMCO Dynamic Income Fund and the PIMCO Corporate & Income Opportunity Fund. Both funds are yielding about 12% now, quite attractive in both absolute and relative terms. These yields are about 4x higher than risk-free i...

Summary I created my main income portfolio, based on closed-end funds, during the financial crash that occurred in the spring of 2020. Over the course of 2021, I gradually lightened my positions, taking advantage of the vehement rise in the market, and set aside the resulting liqu...

Summary Only funds with coverage >100% are considered. Top lists of discount, yield, DxY and DxYxZ are given. Top DxYxZ funds are HFRO, DHF and PHD. Author’s note: This article was released to CEF/ETF Income Laboratory members on September 19, 2022. Pleas...