PFL News and Press, PIMCO Income Strategy Fund Shares of Beneficial Interest From 06/12/22

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 ...

For the first time since the broad-based forced deleveraging during the COVID crash, the PIMCO taxable funds have been forced to shed assets. We discuss the level of the deleveraging as well as the drivers and likelihood of distribution cuts. We also highlight coverage and other k...

PIMCO Income Strategy Fund (NYSE:PFL) declares $0.081/share monthly dividend, in line with previous. Forward yield 10.06% Payable June 1; for shareholders of record May 12; ex-div May 11. See PFL Dividend Scorecard, Yield Chart, & Dividend Growth. For further details see: PIMCO Inco...

We predicted a distribution cut for PFFA back when we covered it in September 2021. The fund has delivered far better results than we envisioned. Total returns were still negative as the macro tsunami overwhelmed some spectacular trading. The war is not over though. For ...

PTY, PFL and PFN have performed exactly as we expected. We go over the driving factors behind the accurate call and the recent moves by the Federal Reserve. Returns should be poor for some more time and investors should tread cautiously. For further details see: PTY, PFL...

Recent market volatility has opened up discount valuation divergences between very similar CEFs. This offers income investors an opportunity to pick up additional yield, adopt a more defensive stance and generate alpha in their portfolios. We highlight a number of switches in the ...

High Yield funds (index as well as leveraged closed-end funds) outperformed safer funds more during the last tightening cycle. We may have already seen most of the rate increases in the 2-5-year part of the yield curve. I am increasing my position in PIMCO Dynamic Income Opportuni...

We have stubbornly refused to buy into the hype of PTY and PDO. The pricing has improved, and the recent selling looks like capitulation. Sentiment indicators line up as well. Do we go in? For further details see: PDO And PTY: Trade The Trounce But Fade The Bounce

Today, we are looking at how to tell if a fund might be paying a sustainable distribution or not. We use several examples covering both fixed-income and equity funds to help highlight their differences. Overall, fixed-income funds are more straightforward to analyze than equity fu...

Only funds with yields over 6.5%, coverage higher than 85% and trading at under a +5% premium are considered. Top lists of discount, yield, DxY and DxYxZ are given. The top DxY funds are ARDC, EHI and JRI. Buys affirmed on portfolio holdings, ARDC, JRI and HYB. For furth...