PKO News and Press, Pimco Income Opportunity Fund of Beneficial Interest From 12/09/20

The relationship between risk and return is of fundamental importance when choosing and evaluating a financial investment. For generations, investors have believed that risk and return are inseparable, convinced that the higher the returns, the greater the risks. I recently read a...

I started my journey into the world of finance by exploring ETFs, then one day, by chance, I discovered the existence of CEFs. CEFs offered me the tools I was looking for, a consistent monthly flow of dividends that allowed me to achieve my financial goals. Over the years, I learn...

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...

With difficult economic conditions likely to linger, buying in to leveraged high-yield CEFs is not for the risk-averse. However, for those who can withstand some volatility, PKO is a reasonable option. The fund does sport a premium price, but it is at a modest level historically. Furt...

Putting money to work every month can help continue to grow a strong income that grows over time. 8 funds were bought, though two of them were a swap from a different investment. 5 new positions were added to my portfolio (2 of these were from swap opportunities,) while 3 were add...

Almost one year ago, I built an income portfolio based on 15 closed-end funds (CEFs) that I judged to have the best net asset value (NAV) performance since inception. The distributions from almost all of my CEFs have remained intact despite the rivers of ink predicting massive cuts in...

Recently, the topic of fund-sponsored DRIPs came up, and the discussion of which brokers offer them and which don't. In the era of $0 commissions, it is important to focus on features that can set brokers apart. It might not be a free puppy, but participating in a fund-sponsored D...

PDI placed more than 3 million shares at a 24.69 price raising over $75M of fresh capital and increasing the size of the fund by 5% before any leverage is applied. The fund's managers and PIMCO clearly see an opportunity here to add value to the shares and help recover NAV lost in Mar...

22 out of 23 CEF sectors positive on price and 17 out of 23 sectors positive on NAV last week. Markets rebound, led by commodities. MLPs are the highest-yielding CEF sector. For further details see: Weekly Closed-End Fund Roundup: October 4, 2020

We go through the dynamic macro picture with lots of moving parts as we culminate with the election in less than 40 days. We discuss the significant movement we saw in the CEF market in the last week, mostly lower, thanks to significant selling. There will be a report out tomorrow...