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PCM Fund Inc (PCM)

Market Closed
26 Jun, 17:02
NYSE NYSE
$
6. 33
+0.05
+0.79%
$
76.3M Market Cap
- Div Yield
19,430 Volume
$ 6.28
Previous Close
Day Range
6.29 6.35
Year Range
5.88 8.39
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PCM: Buying After Distribution Cuts Should Be Done Carefully

PCM: Buying After Distribution Cuts Should Be Done Carefully

The PCM Fund aims for high current income by investing in agency-backed MBS, non-agency MBS, investment-grade and high-yield corporate debt, and commercial mortgage-backed securities. Historically, I avoided leveraged CEFs like PCM due to the unfavorable risk-reward profile during the Fed's rate hikes and yield curve inversion. My caution was justified as PCM's returns have been flat over the past 2.5 years, under-performing other risk assets.

Seekingalpha | 5 months ago