PGP: Fails To Live Up To Its Potential And Is Not Worth The Current Price

2026-01-06 12:39:13 ET

The PIMCO Global StocksPLUS and Income Fund ( PGP ) is a closed-end fund, or CEF, that aims to provide investors with a high level of current income along with a superior total return than a bond fund can provide. The fund manages to do pretty well at both of these objectives, as the fund boasts an attractive 8.98% yield at the current share price and a total return that has beaten some of PIMCO’s own closed-end bond funds over the past five years:

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