PIMCO Corporate & Income Opportunity Fund
PTY

$14.31

0.07%

Market Cap: $2.19B

About: PIMCO Corporate & Income Opportunity Fds operates as a closed-end management investment company. It seeks to maximize total return through a combination of current income and capital appreciation. The fund invests a majority of the total assets in a combination of corporate debt obligations of varying maturities, other corporate income-producing securities, and income-producing securities of non-corporate issuers, such as U.S. Government securities, municipal securities, and mortgage-backed and other asset-backed securities issued on a public or private basis.

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

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

74% more repeat investments, than reductions

Existing positions increased: 61 | Existing positions reduced: 35

33% more first-time investments, than exits

New positions opened: 24 | Existing positions closed: 18

4% more funds holding

Funds holding: 154 [Q1] → 160 (+6) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]

3% less capital invested

Capital invested by funds: $278M [Q1] → $269M (-$9.09M) [Q2]

9.33% less ownership

Funds ownership: 26.34% [Q1] → 17.0% (-9.33%) [Q2]

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Research analyst outlook

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

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Financial journalist opinion

Based on 4 articles about PTY published over the past 30 days

PTY: Makes A Lot Of Sense Here

Favor bonds over stocks as we enter a Fed cutting cycle; actively managed bond funds like PIMCO Corporate and Income Opportunity Fund are compelling. The PTY closed-end fund's flexible mandate allows investment in diverse corporate debt and income-generating securities, offering high yields but with credit risk. PTY's leverage can enhance returns but also increase risk; it often trades above NAV, posing potential price drop risks.

PTY: Makes A Lot Of Sense Here

PTY: A Good Time To Shed Weight

The PIMCO Corporate and Income Opportunity Fund has produced double-digit returns since our latest coverage. Despite offering compelling returns, debt capital markets and the broader lending landscape have reached inflection points. PTY's high exposure to non-investment grade debt and non-agency mortgages is worrisome, as I believe credit risk and prepayment risk will rise in due course.

PTY: A Good Time To Shed Weight

PTY's Risk Reward Setup Is Bullish While The Yield Is Still 9.96%

I'm bullish on PTY due to its strong yield and potential appreciation as the Fed enters a rate-cutting cycle. PTY offers a 9.96% yield, outperforming many income vehicles, and has consistently delivered income despite rising rates. Risks include potential Fed inaction on rate cuts and economic uncertainties impacting PTY's holdings.

PTY's Risk Reward Setup Is Bullish While The Yield Is Still 9.96%

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

Monthly Income And 10% Yield: PTY

No rate changes will happen in August; that means you need to be proactive and not lackadaisical. PTY can readily help you meet your income needs for your entire retirement window. Cash is a must to meet your expenses; demand cash from your holdings.

Monthly Income And 10% Yield: PTY

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

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

Magnify Your Income With These 2 Great Funds

We make a simple test case for income investing using two well-known funds. You can vastly out-produce the market's income annually. Retirement needs real cash to pay real expenses; we offer real answers.

Magnify Your Income With These 2 Great Funds

PTY: PIMCO's Flagship CEF Is Still Worth Buying

PTY is a high yielding closed end fund managed by PIMCO, outperforming other funds in the lineup over the past twelve months. PIMCO is a powerful asset manager with $1.8 trillion AUM, nearly 85% of which has outperformed its benchmark, net of feed. The fund has reduced leverage and continues to trade at a premium to net asset value of over 25%.

PTY: PIMCO's Flagship CEF Is Still Worth Buying

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

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