PKO News and Press, Pimco Income Opportunity Fund of Beneficial Interest From 06/03/21

DBL takes a multi-sector approach to investing but invests most heavily in CLOs and MBSs. The fund's historical performance has been rather lackluster compared to other fixed-income options. The monthly distribution is attractive, and was well covered last time they reported. ...

1 out of 23 CEF sectors positive on price and 1 out of 23 sectors positive on NAV last week. MLPs lead while convertibles lag. Limited duration is the highest-yielding CEF sector. For further details see: Weekly Closed-End Fund Roundup: May 16, 2021

In the summer of 2020, I created a small “piggy bank” portfolio consisting of six titles entirely dedicated to ETFs and ETNs as an adjunct to my Cupolone Income Portfolio. I named this new portfolio my Giotto Income Portfolio, in honor of the famous Florentine painter an...

PIMCO announced a proposed merger of PCI and PKO into PDI. We discuss some of its features, possible reasons as well as pros and cons for shareholders. Our main takeaway is that it's a marginal benefit for PCI shareholders but a less obvious win for PKO shareholders. For fur...

Every month I add some positions to my portfolio and share the buys I've made. Too much cash in a portfolio for too long can lead to poor performance, so I personally stick around with 10 to 12% cash when markets are at or near all-time highs. I'm already in this cash range, so th...

All of the CEFs in my income portfolio continue to grow; in some cases, they have already exceeded their previous three-year highs. On one hand, the awareness that large sectors of the economy have yet to restart gives hope for further market growth. On the other hand, with some s...

As well as financing escalating government deficits, central banks face an additional problem of replacing contracting bank credit to the non-financial private sector if a slump is to be avoided. Banks are already reducing their credit allocations to the non-financial private sector. ...

PIMCO surprised investors by announcing a merger of two of their most popular funds into a third. Most of the arbitrage already is gone but we highlight some of our thoughts surrounding what's next and the distribution. I wrote to members this AM that I expected PDI to be down 1% ...

NEW YORK, April 29, 2021 (GLOBE NEWSWIRE) -- PIMCO, one of the world’s premier fixed income investment managers, has announced that the Board of Trustees of each of PIMCO Dynamic Credit & Mortgage Income Fund (“PCI”) (NYSE: PCI), PIMCO Income Opportunity Fund ( ...

Near-record supply chain disruption has led to fastest rise in global input prices since August 2008. Higher costs were passed through to clients at sharpest pace for over a decade in March. Shipping delays, elevated transport costs and higher commodity prices likely to feed throu...