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Today we’re in a situation that looks a lot like 2016. And back then, some savvy contrarians tapped it to grab quick 62%+ returns. The same setup is back again —and so is our chance for more upside, plus yields north of 10%. There are two closed-end funds (CEFs) po...
Summary PDI has a 13% current distribution that remains well covered by NII. However, YTD, PDI has lost more in NAV declines than it has paid out in yield. NAV will continue to be pressured during a rate hike cycle. Investors may wish to wait for a better entry. ...
Summary PIMCO closed end funds continue to struggle against macro forces. PTY and PFL went lower since our last article and vindicated our decision to stay out. We analyze the setup today and tell you if a change in rating is warranted. Consistency is the key to deliveri...
Summary Being financially independent is a prerequisite for retirees but can be a great stress reducer for younger folks who are several years away from retirement. We will go over our strategy as to how a diversified income portfolio with an in-built hedging mechanism with low vo...
Summary FOF is a fairly popular CEF that invests in other closed-end and exchange-traded funds. This provides for plenty of diversification through exposure to just about everything investible. Despite being convenient and a diversifier, the fund's premium continues to be off-...
Summary According to the Fear and Greed Index, we're sitting in the no-man's land of a neutral rating. Rising rates have beaten down the value of many great fixed-income investments. We raise the yield we demand and find two fully covered +12% yielding opportunities. ...
Summary August was a month of significant changes in the structure of my overall portfolio, which now contains 22 securities. Thanks to the gain from the last securities that I purchased in the spring, I was able to close all previous positions that had been showing a continuous l...
Summary PDI currently trades at a 9% premium to the fund’s net asset value. PDI offers strong monthly income with low net asset volatility. Short-term underperformance makes PDI’s 12.1% yield attractive. PIMCO Dynamic Income Fund ( PDI ) is in a...
Summary After 77 weeks and $7,700 allocated, the Dividend Harvesting portfolio is generating $553.46 in annual dividend income. The Dividend Harvesting portfolio has an 89.61% record of finishing the week in the black since its inception, 69/77 weeks. In week 77, I added to my...
PDI has a 12% yield, well covered by investment income YTD. PDI has impressively never cut distributions. However, analysis of holdings suggest caution as investment income is generated from holding leveraged long positions on high yield 'junk' debt. Recently, I wrote a ...
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2024-07-18 05:00:37 ET At my CEF Insider service, we’ve been bullish on corporate bonds (especially corporate bond–focused closed-end funds yielding 8%+) for a long time now. We remain so, because we’ve got a nice “goldilocks” setup for these f...
2024-07-10 09:00:25 ET PIMCO Dynamic Income Fund (PDI) declaring a stock dividend of $0.2205 per share on Ex-Date : July 11, 2024. Shareholders on record as of July 11, 2024 are eligible for the dividend. The payment date is scheduled for August 01, 2024, and the declaration was off...
2024-06-20 05:00:25 ET I’ve dedicated my career to closed-end funds (CEFs) because in a way, these high-yield investments saved my life: Using these funds to get an 8% income stream from my portfolio gave me the confidence I needed to quit my academic job well over a decade ago. ...