PTY News and Press, Pimco Corporate & Income Opportunity Fund From 01/10/23

Summary 3 out of 23 CEF sectors positive on price and 6 out of 23 sectors positive on NAV last week. PIMCO muni CEFs cut. PCQ's fall another reminder of why CEF premium/discount valuation matters. Author’s note: This article was released to CEF/ETF Income Laborato...

Summary PIMCO greeted the start of the year with massive distribution cuts across their Muni closed-end fund suite. We take another look at PIMCO California Municipal Income Fund, which nearly halved its distribution, to see what carryover lessons this carries for CEF investing. And...

Summary Western Asset High Income Opportunity Fund is a fixed income CEF. The fund focuses on U.S. high yield and has a middle of the road credit build, with no excessive risk taken via CCC credits. The fund however displays a return profile very similar to the top HY CEF cohort, na...

Summary In 2016, I deployed a new DGI portfolio alongside an ETF portfolio for retirement income going forward. In 2022, the DGI10 income was improved by over 50%. After 7 years, the RMD withdrawal method still outperforms the 4% rule even after two years of 7% inflation. Reinve...

Summary MFS Intermediate High Income is a fixed income closed-end fund. The vehicle invests in a portfolio of fixed-rate U.S. high yield bonds. The fund has a granular, diversified composition, but has a very small AUM of only $33 million. The CEF displays a middle-of-the-road h...

Summary Financial markets are set to close a difficult year amid the war in Ukraine, pandemic aftershocks, and inflation-eroding purchasing power. As always, the first rule for every investor is to try to survive and avoid making mistakes that could prove fatal. As for me, I hope I ...

Summary We provide a November update for the PIMCO CEF taxable suite. Taxable PIMCO CEFs continued to deleverage in November, bringing the average leverage level of the suite to its lowest in over a year. Distribution coverage also continued to fall at a pace faster than can be expl...

Summary PFFA is one of the more popular actively managed preferred share ETFs. While the fund has shown moments of brilliance, overall performance has been poor since inception. Leverage came to particularly bite in 2022 and we look at what lies ahead. Virtus InfraCap U.S....

Summary Gradually growing income levels of income portfolios is a goal of many income investors. In this article, we discuss some of the typical but unsustainable ways some investors pursue this goal which often results in disappointment. And highlight a few more sustainable alterna...

Summary In "normal" markets we often have a choice between earning our target returns (8-10%) either through (1) high-yield, low-growth fixed income investments, or (2) low-yield, higher growth equity investments. The former (credit investments, like bonds and loans) tend to be taxed at...