PAXS: Analyzing Recent Changes For This Highly Levered Bond Fund [Seeking Alpha]
PIMCO Access Income Fund (PAXS)
Company Research
Source: Seeking Alpha
4 Comments 2 Likes Power Hedge Investing Group Leader Follow Summary The PIMCO Access Income Fund offers a high yield of 11.24%, appealing to income-focused investors despite its high leverage and current premium valuation. The fund primarily invests in fixed-income securities, benefiting from recent interest rate cuts, but faces limited upside due to already priced-in rate cuts. Despite a modest share price increase, the fund's total return of 3.57% over the past two-and-a-half months is competitive, especially considering its high yield. The fund's distribution is covered by unrealized capital gains, which could be risky if market conditions change, but current economic data favors bonds holding their value. The fund has a sizable position in stocks from companies that are bankrupt or have been distressed in the past, and this position has increased YTD. Looking for a helping hand in the market? Members of Energy Profits in Dividends get exclusive ideas and gu
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PAXS
Sec Filings
- 9/23/24 - Form N-CSR/A
- 9/12/24 - Form N-CEN
- 9/4/24 - Form N-CSR
- PAXS's page on the SEC website