PHK News and Press, Pimco High Income Fund From 11/23/21

PHK has been a relatively weak performer over the longer term, so readers were right to approach this fund cautiously. After a recent sell-off, there is certainly a buy case to be made, although I would reiterate this is not a CEF for the risk averse. Income metrics are not very s...

We review CEF market valuation and performance over the last week of October and highlight recent market events. In aggregate, October was a near mirror-image of the price action in September as the market delivered decent NAV gains as well as strong discount action. Taper tantrum...

PTY is a closed end fund managed by PIMCO that utilizes a diversified portfolio to drive current income and total return. The fund is one of PIMCO’s flagship CEFs, outperforming its peers and even the S&P 500. A recent distribution cut combined with an extreme premium t...

NEW YORK, Sept. 01, 2021 (GLOBE NEWSWIRE) -- The Boards of Trustees/Directors of the PIMCO closed-end funds below (each, a “Fund” and, collectively, the “Funds”) have declared a monthly distribution for each Fund’s common shares as summarized below. The di...

Investors have been struggling to generate income for a very long time due to the policies of the Federal Reserve. PHK is a promising income fund from a respected manager that boasts a diversified high-yield portfolio. The portfolio does not appear to be very risky despite it cont...

If you are selective, it can make sense to consider big-dividend opportunities from across categories, including REITs, BDCs, and CEFs. In this report, we highlight 25+ big-dividend opportunities (5-6% yields, and up!) from each category (REITs, BDCs, and CEF), including important dat...

We take a look at PIMCO CEF leverage and coverage numbers from April. Taxable funds saw strong growth in leverage, though it's not clear exactly why as underlying credit valuations remain historically expensive. We continue to like PDO due to its more attractive valuation with the...

In this series, we take a look at various CEF beliefs and rules-of-thumb that don't hold upon closer inspection. In this article, we look at whether avoiding funds with a falling NAV trajectory makes sense. While tracking fund historic NAV levels can be useful, particularly in gau...

We take a look at PIMCO CEF leverage and coverage numbers from March. PDO has finally leveraged up to a middle-of-the-pack level in the taxable suite and looks attractive from a valuation perspective, though not as much as its low premium suggests. Coverage remains high in the tax...

With yields on fixed-income assets at historic lows, distribution sustainability has become top-of-mind for many income investors. We take a look at some of the key metrics in gauging distribution sustainability for PIMCO taxable CEFs. We continue to view PHK and the new fund PDO,...