I Keep Liking PTY Better Than GOF

2025-10-13 09:54:56 ET

GOF’s current yield seems more attractive than PTY

I last compared PIMCO Corporate and Income Opportunity Fund ( PTY ) and the Guggenheim Strategic Opportunities Fund ( GOF ) on July 7. That article was titled “PTY Vs. GOF: This Chart Tells Me To Stay Away From GOF”. The chart I was referring to was a chart showing that the credit spreads at the time were near the thinnest levels in the past 4 decades or so. This observation made me favor PTY (which I rated as a hold) over GOF (which I rated as a sell) due to the following considerations:

This leads us to see a poor reward/risk ratio for Guggenheim Strategic Opportunities Fund, given its large exposure to high-yield corporate bonds. PIMCO Corporate and Income Opportunity Fund is better positioned than GOF due to its larger allocation to government securities.

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