PCN

PIMCO Corporate & Income Strategy Fund
PCN

$13.70

0.4%

Market Cap: $791M

About: PIMCO Corporate & Income Strategy Fund is a closed-end management investment company. Its objective is to seek high current income with capital appreciation as a secondary objective. It invests in corporate bonds and notes, non-agency mortgage-backed securities, asset-backed securities, short-term instruments, and others.

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Funds holding %

of 6,710 funds

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Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

82% more repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 17

18% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 11

2% more funds holding

Funds holding: 81 [Q1] → 83 (+2) [Q2]

0.36% less ownership

Funds ownership: 15.63% [Q1] → 15.27% (-0.36%) [Q2]

8% less capital invested

Capital invested by funds: $104M [Q1] → $96.2M (-$7.98M) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for PCN.

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Financial journalist opinion

PIMCO Closed-End Funds Declare Monthly Common Share Distributions

NEW YORK, Sept. 03, 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 distributions are payable on October 1, 2024 to shareholders of record on September 13, 2024, with an ex-dividend date of September 13, 2024.

PIMCO Closed-End Funds Declare Monthly Common Share Distributions

PIMCO Closed-End Funds Declare Monthly Common Share Distributions

NEW YORK, Aug. 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 distributions are payable on September 3, 2024 to shareholders of record on August 12, 2024, with an ex-dividend date of August 12, 2024.

PIMCO Closed-End Funds Declare Monthly Common Share Distributions

PCN: This Is A Good Bond CEF, But Do Not Ignore The Risks

The PIMCO Corporate & Income Strategy Fund offers a high yield of 10.04%, beating inflation, but bonds may not hold value in an inflationary environment. The fund's leverage is lower than peers, reducing risk for investors concerned about principal preservation. Despite consistent distributions, the fund struggled to cover them in 2024, and shares are trading at a high premium, suggesting caution for potential investors.

PCN: This Is A Good Bond CEF, But Do Not Ignore The Risks

PIMCO Closed-End Funds Declare Monthly Common Share Distributions

NEW YORK, July 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 distributions are payable on August 1, 2024 to shareholders of record on July 11, 2024, with an ex-dividend date of July 11, 2024.

PIMCO Closed-End Funds Declare Monthly Common Share Distributions

PIMCO Update May 2024 - PDX Levers Up

Coverage on PIMCO CEFs improved, with muni CEF coverage ratio up 9 points to 89% and taxable CEFs up over 20 points to 84.6%. Leverage changes varied among funds, with some cutting borrowing significantly while others increased leverage. NAVs for PIMCO CEFs showed positive trends, with some funds performing better over the past year than others.

PIMCO Update May 2024 - PDX Levers Up

CEF Report | May 2024 | Activism Is Heating Up

Taxable bond CEF space value shrinking as discounts tighten. Opportunities exist, especially following activists. Focus on top-down assessment, cheap sectors, and specific funds like Cohen & Steers Select Preferred and Income.

CEF Report | May 2024 | Activism Is Heating Up

PIMCO Closed-End Funds Declare Monthly Common Share Distributions

NEW YORK, June 03, 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 distributions are payable on July 1, 2024 to shareholders of record on June 13, 2024, with an ex-dividend date of June 13, 2024.

PIMCO Closed-End Funds Declare Monthly Common Share Distributions

Building A 10% Income Portfolio Today

Six years ago, I wrote my first article on investing, in which I outlined the criteria that had guided me when constructing my first income portfolio. I have tried to retrace here the steps leading up to that article and then subsequent developments in creating my current portfolio. Today, I favor CEFs and ETFs that, in addition to providing regular income, show a positive NAV performance since inception, thereby demonstrating their ability to also generate value over time.

Building A 10% Income Portfolio Today

Closed-End Funds: 2024 Revisit Of Funds That Never Cut Distributions With Inception Pre-2008

Closed-end funds tend to cut their payouts over time due to negative consequences of leverage during market crashes, leading to potential permanent capital destruction. Today, we are looking to revisit the six funds that have inceptions prior to the 2008/09 Global Financial Crisis that have still never cut their regular distributions. A long history of no-cuts can be important for income-focused investors, but we also examine coverage and valuations to determine whether they are worth exploring further.

Closed-End Funds: 2024 Revisit Of Funds That Never Cut Distributions With Inception Pre-2008

PIMCO CEF Update: Income Volatility And Yield Curve Risk

We take a look at coverage, leverage, and performance metrics of the PIMCO CEF suite. Taxable and Muni PIMCO CEF coverage diverge further in March, with average taxable coverage at new lows over the last 12 months. Leverage levels across the PIMCO taxable suite remain subdued, reflecting the lack of compelling opportunities in the credit market.

PIMCO CEF Update: Income Volatility And Yield Curve Risk

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