PIMCO Dynamic Income Fund (1KF)
XFRA 
NYSE Primary XFRA Summary
1KF Chart
PDI: This 15% Yield Is Finally A Buy
PIMCO Dynamic Income Fund (PDI) now offers a 15% dividend yield after a recent share price pullback, making it more attractive for income-focused investors. PDI's valuation is appealing, trading at a low 3-4% premium to net asset value versus past double-digit premiums. The fund benefits from recent interest rate declines, which have stabilized its net asset value and could provide further upside if rates fall more.
PDI: 15% Yield Is Near 10-Year Peak (Rating Upgrade)
PIMCO Dynamic Income Fund upgraded to Hold as yield rises to 15.16%, near a 10-year high, providing a margin of safety. PDI's price-to-NAV premium has also dropped to a multi-year low. Such unusual yield and price premium suggest substantial pessimism is already priced in, limiting further downside risks.
Important Warning For PDI: This 13%+ Yield Is Getting Too Risky
PIMCO Dynamic Income Fund has a great track record. However, PDI is getting really risky. We detail why we rate it a sell.
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PIMCO Dynamic Income Fund Profile
| XFRA Exchange | US Country |
Overview
The PIMCO Dynamic Income Fund is a closed-ended fixed income mutual fund, initiated and managed by Allianz Global Investors Fund Management LLC, with Pacific Investment Management Company LLC as its co-manager. This fund is set up to provide investors with dynamic income opportunities across the global fixed income markets. It draws upon a wide spectrum of fixed-income sectors, aiming to leverage shifting market conditions and interest rate environments to optimize returns. Since its inception on May 30, 2012, domiciled in the United States, the fund has targeted a diverse range of investments to achieve its objectives.
Products and Services
The PIMCO Dynamic Income Fund offers a comprehensive suite of investment services detailed as follows:
- Mortgage-Backed Securities: The fund invests in both agency and non-agency residential and commercial mortgage-backed securities. This approach allows the fund to capitalize on the domestic real estate market's nuances, offering potential for high income through diverse mortgage investments.
- Investment-Grade and High-Yield Corporate Bonds: It holds a mix of corporate bonds ranging from secure, investment-grade options to more speculative, high-yield alternatives. This eclectic mix aims to balance risk and reward, providing a stable income stream while also venturing into higher return territories.
- Developed and Emerging Markets Corporate Bonds: The fund extends its reach beyond domestic corporate bonds to include those issued by companies in both developed and emerging markets. This global perspective enhances the diversification of the portfolio, tapping into the growth potential of emerging economies alongside the stability of established ones.
- Sovereign Bonds: Investments in sovereign bonds from various countries offer exposure to government debt securities, which further diversifies the fund's holdings. These investments can provide steady interest income, with risk levels varying by country and economic stability.
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