PHK News and Press, Pimco High Income Fund From 11/18/20

We review October leverage figures for the PIMCO taxable suite. We find that fund borrowings decreased slightly, possibly due to already high leverage levels and tightening underlying asset valuations. We also look at the recent outperformance of funds with greater yield curve ste...

A famous name, monthly payouts, and a double-digit yield can sound attractive. But it's hard to sustain double-digit yields with safe assets. The fund has repeatedly cut dividends in recent years. The underlying fund model is ill-suited to a low-yield bond era. For dividend-seekin...

To review, Ackman's Pershing Square made a killing earlier this year, paying a tiny premium to purchase corporate credit protection. When the pandemic panic hit, the value of that protection soared. At roughly the same time Ackman in mid-March appeared on CNBC, more or less in tears about how...

Coverage rebounded in September as the dollar rallied off the interim lows. We take a hard look at what the dollar is doing so far in October to forecast ratios. The PIMCO muni funds look fundamentally the healthiest they have been for many years now. The average coverage ratio is 106...

PIMCO taxable CEFs continued to add borrowings at a fast pace in September. The average fund leverage is approaching 40% - the highest level for the year. More attractive asset valuations, an early-cycle market environment and low leverage costs are likely driving PIMCO to boost l...

On a $500,000 investment in American Finance Trust (AFIN), Gladstone Capital (GLAD), Oxford Lane Capital (OXLC), JH Premium Dividend Fund (PDT), and Pimco High Income (PHK) you can generate $60,000 in annual income. Here's how.  The mortgage. The car payment. The power bill. The cel...

PTY has proven to be one of the best fixed-income CEFs ever. Complexity creates opportunity and today's fixed-income market is full of it. There are plenty of hazards for retail investors. For further details see: PTY: Safest +9% Yield Cash Machine, Paid Monthly

We take a look at the August coverage figures alongside the annual shareholder reports. If you were confused by the July coverage figures, you're going to hate the August report sequel. The circumstances around the strange income levels over the past 2 months suggest that they are...

With the August leverage numbers out from PIMCO, we take a quick look at the taxable suite and what the update means for investors. In terms of individual funds, we maintain an allocation to the PIMCO High Income Fund ( PHK ) in our High Income Portfolio due to its more defensive leverage stan...

Co-produced with Beyond Saving We recently wrote an article " Juicing Your Retirement Yield With CEFs " where we discussed the power of CEFs to provide your portfolio with a high-level of current income. One of the CEFs we highlighted in that article was the PIMCO Dynamic Credit Income ...