PTY News and Press, Pimco Corporate & Income Opportunity Fund From 10/24/22

Summary Cash was made to appear to be trash by lowering risk free rate. The relentless bid in assets actually made cash the king of all trades. We look at the giant yields on PTY and PFN and see if they have been punished enough to merit a buy. The cycle never changes, o...

Summary Jane's retirement accounts generated a total of $2,981.83 of dividend income for September 2022 vs. $2,422.03 of dividend income for September 2021. Jane's Traditional IRA had a balance of $375.6K as of September 30, 2022, vs. $406.8K on September 30, 2021. The estimated a...

Summary We had a bearish view on ECC when we covered it last. The fund has succumbed to the credit stress, and total returns including distributions are now negative over the last 5 years. When enough bad news is priced in, the fund can indeed deliver positive returns. But...

Summary 2 out of 23 CEF sectors positive on price and 0 out of 23 sectors positive on NAV last week. Tortoise tender offers are live. RIV rights offering. NCZ postpones its distribution. Author’s note: This article was released to CEF/ETF Income Lab...

Summary The PCM Fund is a fixed income CEF from the Pimco suite. The vehicle has historically traded at very high premiums to NAV, which constantly exceeded 10%. The fund is overweight Non-Agency Mortgages and High Yield, having pivoted towards non-agency MBSs this year. T...

Summary There are good reasons to be attracted to the PIMCO Dynamic Income Fund and the PIMCO Corporate & Income Opportunity Fund. Both funds are yielding about 12% now, quite attractive in both absolute and relative terms. These yields are about 4x higher than risk-free i...

I hate to hear about investors using “rules” like the 60/40 portfolio (where you devote 60% of your holdings to stocks and the rest to bonds) to invest their hard-earned cash. The problem with “rules” like this one is that they lack the ability to adjust to c...

Summary In April 2022, we suggested that XFLT looked setup for 1-2% annual return and the wise investor would do well to stick to its preferred shares. We turned out to be the optimists and XFLT dropped 29%. Pricing looks better and risks have perhaps been discounted. We l...

Summary I created my main income portfolio, based on closed-end funds, during the financial crash that occurred in the spring of 2020. Over the course of 2021, I gradually lightened my positions, taking advantage of the vehement rise in the market, and set aside the resulting liqu...

Summary Recession risks are ever-present, and we must be aware and prepared. Don't gamble all your money on one predicted outcome; the future is fluid, and only the past is set in stone. We provide a peek at what HDO members get weekly as a market outlook. Co-produ...