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We review CEF market valuation and performance through the second week of August and highlight recent market action. CEFs had another strong week as the recovery in income assets accelerated. We discuss the yield pick-up in CEFs versus open-end funds using HY Munis as a case study...
19 out of 23 CEF sectors positive on price and 17 out of 23 sectors positive on NAV last week. SMM will pay a "Saba special distribution", funded by management. ZTR rights offering is now live. Author’s note: This article was released to CEF/ETF Income Laborator...
PIMCO CEFs remain popular options in the credit CEF space due to their strong historic returns and high distribution rates. PDO has recently outperformed the sector on the back of its distribution increase. This has made PAXS - the most recently launched PIMCO credit CEF - more at...
21 out of 23 CEF sectors positive on price and 22 out of 23 sectors positive on NAV last week. Saba scores a victory against VFL. VFL will tender 50% of its shares in December. Author’s note: This article was released to CEF/ETF Income Laboratory members on July...
We provide another update on the PIMCO tax-exempt and taxable suites of CEFs. Most taxable funds continued to deleverage in June, bringing total deleveraging for some funds to around 20-25% over the last 3 months. Muni coverage has continued to move lower on the back of rising lev...
PDO hiked its NAV distribution rate by 8%, now boasting a current yield of 10.77% as of this writing. The hike didn't catch our readers by surprise, as we've been discussing the fund's comically high coverage and UNII levels for months. We expect valuation of PDO to improve furthe...
Bonds have been selling off due to higher interest rates. PDO has been selling off faster than its NAV. These sell-offs create an opportunity for picking up shares of PDO. Written by Nick Ackerman, co-produced by Stanford Chemist. A version of this article was original...
PIMCO Dynamic Income Opportunities Fund has two investment goals: high current income, then capital appreciation. PDO benchmarks against the ICE BofA US High Yield Index. PIMCO Access Income Fund has the same objectives as its sister CEF. Also in common is their multi-sector strategy,...
The PIMCO Strategic Income Fund is a multi-sector, international fixed-income CEF. Its recent and long-term returns have been poor compared to other PIMCO CEFs. PIMCO offers about a dozen taxable fixed-income funds to pick from. Despite sharing management and analytical staff, t...
NEW YORK, June 01, 2022 (GLOBE NEWSWIRE) -- The Boards of Trustees/Directors of the PIMCO closed-end funds below (each, a “Fund” and, collectively, the “Funds”) have declared a monthly distribution for each Fund’s common shares as summarized below. The dis...
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PIMCO Access Income Fund of Beneficial Interest Company Name:
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2024-07-13 15:58:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-06-02 04:22:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-05-03 11:32:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...