PHK News and Press, Pimco High Income Fund From 06/29/23

2023-06-29 16:40:15 ET Summary This article evaluates the PIMCO High Income Fund as an investment option, a Closed-End Fund that I've previously advised readers to avoid due to its lack of value proposition. It has come under review again due to its high distribution yield and a p...

2023-04-26 13:55:48 ET Summary We tend to avoid funds when they trade at significantly outsized premiums. PCM is pushing near all-time high premiums in an area of the market that is susceptible to performing poorly in a bad economy. Due to an excessive premium, the distributio...

2023-04-13 17:23:24 ET Summary Investors are desperately in need of income due to the rapidly rising cost of living. PIMCO Income Strategy Fund II invests in a portfolio of junk debt and other income-producing securities to deliver a high level of current income. The PFN close...

2023-04-13 12:25:41 ET Summary Although inflation has started to cool down, real income growth is still negative, so many people need options to increase the money coming in. PIMCO High Income Fund invests in a portfolio consisting mostly of bonds in an attempt to generate a high ...

2023-04-04 12:41:57 ET Summary We provide a February update for the PIMCO CEF taxable suite. Taxable CEFs continued to deleverage despite NAVs largely holding steady through February, possibly as a result of a low level of net income generated by leveraged assets. Six-month ro...

2023-03-13 16:13:39 ET Summary Unbeknownst to many investors, PIMCO’s big-yield funds, PDI and PTY, have sometimes included a significant return of capital in their beloved big distributions (made opaque through derivative swaps transactions). We reached out to PIMCO for co...

2023-03-09 05:00:03 ET Plenty of CEF investors worry about dividend cuts. And for sure, they’re something to keep in mind. But CEFs are not the same as stocks. When we invest in high-quality CEFs, there are a couple other things we need to remember when we catch wind of a cut: ...

Summary We provide a December update for the PIMCO CEF taxable suite. Most funds deleveraged further while PDO added borrowings. Coverage continued to drop across all funds except PGP with only two funds now having coverage over 100%. We discuss the recent shift in the swaps por...

Summary Investors today are in need of income as the high inflation rate has made it difficult to sustain a comfortable lifestyle. PIMCO High Income Fund invests in a leveraged bond portfolio that looks pretty safe and secure despite consisting of junk bonds. The closed-end fund is ...

Summary 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 PGZ, WDI, and KIO. Author’s note: This article was released to ...