PFL News and Press, PIMCO Income Strategy Fund Shares of Beneficial Interest From 12/31/22

Summary We provide a November update for the PIMCO CEF taxable suite. Taxable PIMCO CEFs continued to deleverage in November, bringing the average leverage level of the suite to its lowest in over a year. Distribution coverage also continued to fall at a pace faster than can be expl...

Summary PFL invests in a diversified portfolio of bonds to provide investors with a high level of current income. The fund will likely see share price declines over the next few months as the Federal Reserve continues monetary tightening. The fund employs leverage so its declines wi...

Summary I have often compared CNBC to the ESPN sports network, with panels of experts giving non-stop commentary on the sports or financial worlds. Both have the same business model: get viewers addicted so they'll watch all the time, regardless of whatever is happening. Unfor...

Summary PIMCO closed end funds continue to struggle against macro forces. PTY and PFL went lower since our last article and vindicated our decision to stay out. We analyze the setup today and tell you if a change in rating is warranted. Consistency is the key to deliveri...

As a result of the wave of selling caused by war in Ukraine and the continued effects of supply chain disruptions, some investors are turning to dividend-paying stocks as sources of solace in an increasingly turbulent and unstable world, notes Jim Woods, editor of Successful Investing. For ...

Thanks to the selloff, it’s possible to buy closed-end funds (CEFs) at such high yields that we can do what seemed unthinkable just a few months ago: build a CEF portfolio that earns an 11.1% average yield, asserts Michael Foster, investment strategist for Contrarian Outlook. For fur...

PDO hiked its NAV distribution rate by 8%, now boasting a current yield of 10.77% as of this writing. The hike didn't catch our readers by surprise, as we've been discussing the fund's comically high coverage and UNII levels for months. We expect valuation of PDO to improve furthe...

My portfolio yield went from 8% last year to 11% June 16th. I show a purchase yielding 15.8% and my current holdings that day. Appendix-A explains the RSI and price Z-score I use to determine overbought and oversold stocks. Introduction The major problem I had in the...

Thanks to the selloff, it’s possible to buy closed-end funds (CEFs) at such high yields that we can do what seemed unthinkable just a few months ago: build a CEF portfolio that will pay $5,000 a month in dividends on about $540k invested. That’s an 11.1% average yield! ...

We told you to listen to your chart and avoid these funds. The returns have been anemic since then. We are likely now getting to the final selloff stage and one of these looks worse than the other. For further details see: PFL And PTY: We Are Entering The Final Meltdown ...