PHK News and Press, Pimco High Income Fund From 02/21/20

(This article was first published to members of Yield Hunting on Feb. 13. Al data herein is from that date.) We have written extensively on PIMCO Dynamic Income ( PDI ) and PIMCO Dynamic Credit and Mortgage ( PCI ) over the last several years. We have recommended and owned both PCI a...

Main Thesis The purpose of this article is to evaluate the PIMCO High Income Fund ( PHK ) as an investment option at its current market price. This is a fund that I continue to express caution with, despite having one of the highest yields in the market today. While the income stream looks a...

The discount dynamic of closed-end funds adds an interesting second layer of potential alpha for fund investors. Just as investors look at valuations of underlying asset classes to guide their allocation decisions, they should and do consider the discount valuations of closed-end funds themsel...

Author's note : This article was released to CEF/ETF Income Laboratory members on December 17, 2019. Chemist's Closed-End Fund Report Quantitative screens help to rapidly narrow down attractive candidates from the database of 500-plus closed-end funds [CEFs] for further due diligence ...

Co-produced by Stanford Chemist . This article was originally published on November 19 th , 2019. Closed-end funds have two main draws to them; they can be purchased at a discount to their net asset value and they have higher than typical payouts. Today, I wanted to cover the various metr...

Author's note : This article was initially released to CEF/ETF Income Laboratory members on Nov. 7, 2019. Chemist's Closed-End Fund Report Quantitative screens help to rapidly narrow down attractive candidates from the database of 500-plus closed-end funds [CEFs] for further due diligence...

Note: This article was released to members on October 19, 2019. Chemist's Closed-End Fund Report Quantitative screens help to rapidly narrow down attractive candidates from the database of 500-plus closed-end funds [CEFs] for further due diligence and investigation. Previous editions of ...

Co-produced by Stanford Chemist . This article was originally published on October 13th, 2019. We recently dived into the benefits of capital gains in distributions, so it felt like an appropriate time to illustrate the often misunderstood return of capital (ROC). This is a commonly deb...

Big Picture Thesis Investors who own higher-risk/higher-return assets generate an order of magnitude greater wealth over time than savers who own lower-risk/lower-return assets. (In econo-speak, saving and investing are the same thing, but here "saving" refers to stashing one's money in an a...

Co-produced by Stanford Chemist . This publication was originally released on September 29 th , 2019. Closed-end funds and open-end funds offer investors an opportunity to pool assets together and purchase several underlying holdings, helping to mitigate the risk that is presented in indi...