PTY: Expensive Price, Positive Outlook [Seeking Alpha]
Pimco Corporate & Income Opportunity Fund (PTY)
US:NYSE Investor Relations:
pimco.com/en-us/investments/closed-end-funds/corporate-income-opportunity-fund
Company Research
Source: Seeking Alpha
PTY: Expensive Price, Positive Outlook Main Thesis The purpose of this article is to evaluate the PIMCO Corporate & Income Opportunity Fund ( PTY Background First, a little about PTY. The fund's objective My last review of the fund was back in early May, when I slapped a "neutral" rating on the fund. Simply, I found PTY's portfolio generally attractive, but felt the cost to own it was a bit too rich. In hindsight, this was a reasonable call, as PTY saw a good deal of volatility since then, but still managed a 3% return: Seeking Alpha Considering how the market has been behaving, I wanted to take the opportunity to reassess PTY to see if I should change my outlook from here. After review, I continue to see plenty of opportunity for the fund, but also remain wary of the rising premium to own it. Therefore, I believe the "neutral" rating remains appropriate, and I will explain why in detail below. Valuation Is The Sore Spot My primary reason deciding against a "bullish" rating this time
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PTY
Sec Filings
- 12/10/24 - Form 3
- 11/27/24 - Form NPORT-P
- 9/23/24 - Form N-CSR/A
- PTY's page on the SEC website