PFL: Distribution Is Fully Covered, But Hard To Justify The Premium
2025-07-07 03:18:09 ET
The PIMCO Income Strategy Fund ( PFL ) is a closed-end fund that invests in a portfolio of fixed-rate and floating-rate bonds in an effort to provide its investors with a very high level of income. The fund manages to do reasonably well at this, as it boasts a whopping 11.71% yield at the current share price. As we can see here, this is higher than the yield of most fixed-income indices and index funds:
Index/ETF | Current Yield |
Bloomberg U.S. Aggregate Bond Index ( AGG ) | 3.84% |
Bloomberg High Yield Very Liquid Index ( JNK ) | 6.56% |
Vanguard Total World Bond ETF ( BNDW ) | 4.02% |
Vanguard Total International Bond Index Fund ETF Shares ( BNDX ) | 4.31% |
J.P. Morgan EMBI Global Core Index ( EMB ) | 5.19% |
ICE Exchange-Listed Preferred and Hybrid Securities Index ( PFF ) | 6.58% |
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PFL: Distribution Is Fully Covered, But Hard To Justify The Premium
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