PIMCO Income Strategy Fund II: Steady As She Goes [Seeking Alpha]
PIMCO Income Strategy Fund II (PFN)
US:NYSE Investor Relations:
pimco.com/en-us/investments/closed-end-funds/income-strategy-fund-ii
Company Research
Source: Seeking Alpha
PIMCO Income Strategy Fund II: Steady As She Goes Main Thesis The purpose of this article is to evaluate the PIMCO Income Strategy Fund II ( PFN April Despite this favorable relative value, investors do still need to be careful with respect to PFN. The fund's premium, while lower than the majority of PIMCO CEFs, still sits near its annual high, and the recent market sell-off could hit funds that are trading at premiums of all levels. Furthermore, the fund's income production has come under pressure in the short term. While PFN's history suggests a distribution cut is not likely, this is a metric investors need to monitor closely. However, the underlying holdings within the fund, specifically the non-agency MBS, continue to perform very well in 2019. Given the continued strength in the U.S. housing market, I would expect this performance to continue in to 2020, and that should support PFN's underlying value and share price. Background First, a little about PFN. The fund's objective Sou
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PFN
Sec Filings
- 12/10/24 - Form 3
- 11/27/24 - Form NPORT-P
- 9/23/24 - Form N-CSR/A
- PFN's page on the SEC website