PKO News and Press, Pimco Income Opportunity Fund of Beneficial Interest From 06/24/21

With the latest distribution announcement, EVG now yields over 10% - 10.40% to be exact. This move seems to be motivated as a pre-emptive thwarting of activists as the fund has one large and significant holder at over 40%. Though this move should reduce the fund's discount, in thi...

EVV pays a very tempting 9.13% distribution rate to shareholders. The asset mix is attractive; however, be aware of a lack of coverage for that high distribution. Under normal market conditions (where the fund isn't recovering from 2020's crash,) we would anticipate NAV to slowly ...

PDI and PCI continue to have weak fundamentals. PDO continues to be the best buy in the space. PMX falls back to the buy-range. Since this article, PDO's valuation has skyrocketed above what we deem fair value.  Subsequently, coverage ratios for PCI and PDI have fallen dr...

My overall portfolio consists of 24 stocks divided into two income portfolios, Cupolone and Giotto, the first entirely dedicated to CEFs and the second to ETFs and ETNs. I recently reduced my Cupolone Income Portfolio by closing my position in PKO and redistributing part of the procee...

The global economy has reached an important milestone in the second quarter of 2021, surpassing the pre-pandemic real GDP peak attained in the fourth quarter of 2019. After a 3.5% contraction in 2020, global real GDP is projected to increase 6.0% in 2021, its strongest advance since 1...

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...

IHS Markit's PMI business surveys showed the economic recovery gaining momentum in May as output growth accelerated to the fastest for 15 years. Although growth of new orders accelerated globally in May to reach the highest since 2006, employment growth slowed marginally compared to A...

Diminishing economic uncertainty from COVID-19 should give rise to expectations of a normalisation of monetary and fiscal policy during 2022. Although there has been much discussion on the prospect of rapidly rising inflation, we believe growth risks remain paramount for equity invest...

AWF has been around for a long while, with an inception dating back to 1993. The fund is a global high-yield focused fund paying investors a distribution rate of 6.46% currently. The discount and yield are attractive for this fund, though coverage seems to come up a bit short. ...

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. ...