PFN News and Press, PIMCO Income Strategy Fund II 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 ...

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...

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 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...

The last few weeks have seen enormous volatility across financial markets. The CEF space has been particularly hard hit due to the funds' use of leverage alongside sharply widening discounts. Increased volatility tends to go along with increased dispersion, which can open up both tactical and ...

Co-produced with Beyond Saving The PIMCO Corporate & Income Opportunity Fund ( PTY ) has long been one of our favorite fixed income funds. As of Friday, April 24, PTY is yielding an impressive 11.4% and that's without factoring in the frequent special dividends that PTY has at th...

Co-produced by Stanford Chemist As COVID-19 continues to wreak havoc on everyday life around the globe, central bankers around the world are trying to shore up their economies and provide relief. Unfortunately, throwing money at the situation and making moves that provide support to th...

Co-produced by Stanford Chemist A dividend reinvestment plan or DRIP can be a win-win-win for those that utilize the plan, current shareholders and the fund managers themselves. There seems to be a similar standard that we typically see as far as how closed-end funds implement such a pla...

NEW YORK, April 01, 2020 (GLOBE NEWSWIRE) -- The Boards of Trustees/Directors of the PIMCO closed-end funds (each, a “Fund” and, collectively, the “Funds”) have declared a monthly distribution for each Fund’s common shares as summarized below. The distribu...