PFN
PIMCO Income Strategy Fund IIPFN
PFN
About: PIMCO Income Strategy Fund II is a closed-ended fixed income mutual fund. The company's primary investment objective is to seek high current income, consistent with the preservation of capital. The fund invests in a range of securities, such as corporate bonds and notes, non-agency mortgage-backed securities, asset-backed securities, municipal bonds and notes, short-term instruments, sovereign Issues, preferred Securities and others.
0
Funds holding %
of 7,425 funds
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Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
130% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 10
84% more capital invested
Capital invested by funds: $110M [Q3] → $202M (+$92.3M) [Q4]
31% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 29
7% more funds holding
Funds holding: 109 [Q3] → 117 (+8) [Q4]
1.27% more ownership
Funds ownership: 18.32% [Q3] → 19.59% (+1.27%) [Q4]
Research analyst outlook
We haven’t received any recent analyst ratings for PFN.
Financial journalist opinion
Neutral
GlobeNewsWire
3 weeks ago
PIMCO Closed-End Funds Declare Monthly Common Share Distributions
NEW YORK, April 01, 2025 (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 May 1, 2025, to shareholders of record on April 11, 2025, with an ex-dividend date of April 11, 2025.
Neutral
Seeking Alpha
1 month ago
PIMCO CEF Update: Tight Spreads Drive A Derisking Across Taxable Funds
PIMCO's taxable CEFs have seen a significant increase in distribution coverage, likely more driven by interest rate swaps rather than reduced leverage costs. PIMCO has sharply reduced leverage and duration risk across its taxable CEFs, positioning defensively amid tight credit spreads and low longer-term rates after the first Fed cut. Valuations have deflated slightly, with the average taxable premium just above 10%; PIMCO Muni CEF valuations are reasonable, especially for CA and NY state funds.
Positive
Seeking Alpha
1 month ago
PFN: Gained Our Respect Via The Recent Portfolio Actions (Rating Upgrade)
PFN has significantly reduced its leverage from 23% to 7.7%, positioning itself conservatively ahead of a potential recession. The fund has shifted its portfolio toward mortgages, treasuries, and emerging market bonds, reducing high yield exposure to only 19%. PFN's conservative stance and strategic asset allocation aim to limit drawdowns and maintain a premium to NAV during market downturns.
Neutral
GlobeNewsWire
1 month ago
PIMCO Closed-End Funds Declare Monthly Common Share Distributions
NEW YORK, March 03, 2025 (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 April 1, 2025 to shareholders of record on March 13, 2025, with an ex-dividend date of March 13, 2025.
Negative
Seeking Alpha
2 months ago
Very Bad News For Closed-End Funds
Closed-end funds offer unique opportunities due to their discount/premium mechanisms, allowing share prices to deviate from net asset value per share in a wild manner. In general, CEFs often provide diverse exposure across equity and fixed-income portfolios, and they even offer exposure to hybrid portfolios, but also allowing for sector-specific exposure. One important note is that not all premiums or discounts indicate a buying or selling opportunity; instead, it can make more sense to examine relative value over historical periods.
Neutral
GlobeNewsWire
2 months ago
PIMCO Closed-End Funds Declare Monthly Common Share Distributions
NEW YORK, Feb. 03, 2025 (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 March 3, 2025 to shareholders of record on February 13, 2025, with an ex-dividend date of February 13, 2025.
Neutral
Seeking Alpha
3 months ago
PFN: Likely To Suffer Declining NII, But Still Trading At A Premium
The PIMCO Income Strategy Fund II offers a high yield of 11.63%, though it lags behind the peer median yield of 11.95%. Despite the recent bond market weakness, the fund managed a 1.54% total return since October due to its high distributions, outperforming several bond indices. The fund's exposure to floating-rate securities will almost certainly lead to falling net investment income should the Fed and ECB continue to cut rates as projected.
Neutral
GlobeNewsWire
3 months ago
PIMCO Closed-End Funds Declare Monthly Common Share Distributions
NEW YORK, Jan. 02, 2025 (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 February 3, 2025 to shareholders of record on January 13, 2025, with an ex-dividend date of January 13, 2025.
Neutral
Seeking Alpha
3 months ago
PIMCO CEF Update: Muni CEF Coverage Mystery Is Solved, Sort Of
PIMCO Muni CEF distribution coverage levels have sharply fallen to around 80%, correcting previously inflated figures likely due to calculation errors. Taxable PIMCO CEFs delivered strong returns, with PAXS and PDO benefiting from the CMBS market recovery, and PGP supported by its equity sleeve. Further NAV falls may pressure future distributions due to lack of retained income.
Neutral
GlobeNewsWire
4 months ago
PIMCO Closed-End Funds Declare Monthly Common Share Distributions
NEW YORK, Dec. 02, 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 January 2, 2025 to shareholders of record on December 12, 2024, with an ex-dividend date of December 12, 2024.
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