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Only funds with yields over 6.5%, coverage higher than 85% and trading at under a +5% premium are considered. Top lists of discount, yield, DxY and DxYxZ are given. The top DxY funds are BWG, HFRO and EHI. For further details see: The 'High-High-Low' Closed-End Fund Repo...
Discounts have been widening in the CEF space as volatility has been kicking up. The widening discounts have been creating more opportunities, but headwinds exist. We screen for several different metrics that bring up funds worth exploring further. For further details see: ...
We take a look at the PIMCO tax-exempt and taxable CEFs and highlight developments in leverage, income, valuation and performance. We also take a look at the changes in the duration profile of the taxable suite in response to shifting interest rates. We continue to see value in PD...
We take a look at the recently released first batch of PIMCO semi-annual taxable shareholder reports. These shareholder reports are useful in addition to the popular monthly income releases for the reasons we discuss in the article. 3 of 4 funds continued their NII downtrend after...
RCS has been a very poor performer over the past few months. This pain could make for a contrarian buy signal. Despite a drop over 18%, the fund is still not "cheap", when we compare its market price to the underlying value. This makes me reluctant to be a buyer here. Agency MBS r...
Income investing in 2021 was not as exciting as it was in 2020. However, 2021 still holds some useful lessons for investors, which we discuss in this article. These lessons should continue to remain relevant in 2022. For further details see: Income Investing Lessons Of 2...
Right now is one of the best times to get into what is typically thought of as the best-in-breed of the CEF world. Most of the funds are trading cheap thanks to the cut to three of the funds back in September. Investors are extrapolating those cuts to the rest of the taxables. But...
21 out of 24 CEF sectors positive on price and 22 out of 24 sectors positive on NAV last week. US equity leads while emerging market income lags. Asia equity is the highest-yielding CEF sector. For further details see: Weekly Closed-End Fund Roundup: November 7, 2021
RCS has seen a flat return in the past four months, while other risk-on assets have performed well. The fund still sports a very expensive premium to NAV. This makes me reluctant to recommend buying at these levels. Agency MBS remain a large portion of the portfolio, which helps l...
2 out of 23 CEF sectors positive on price and 2 out of 23 sectors positive on NAV last week. MLPs lead while convertibles lag. Asia equity is the highest-yielding CEF sector. For further details see: Weekly Closed-End Fund Roundup: October 3, 2021
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PIMCO Strategic Income Fund Inc. Company Name:
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2024-07-15 05:00:18 ET This levitating stock market has brought back worries about a crash (and a recession). I know, I know. We’ve been hearing that doomsday forecast for what feels like forever—and nothing of the sort has come to pass. But a recession will eventu...
2024-04-14 06:08:00 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...
NEW YORK, March 01, 2024 (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 distribu...