Summary
PCN Chart
PCN: Downgrading To Hold On Rates And Share Dilution
PIMCO Corporate & Income Strategy Fund is downgraded to Hold due to a less favorable interest rate outlook and ongoing share issuance. PCN offers an 11.4% monthly dividend yield with a history of consistent payouts, appealing to income-focused investors seeking reliability. Rising interest rates and continued new share issuance may suppress PCN's share price and premium to NAV in the near term.
PCN: Efficient Portfolio Strategy And Attractive Outlook
PIMCO Corporate & Income Strategy Fund remains a buy, trading at a 3.7% premium to NAV—well below its five-year average premium of 14.9%. PCN offers an 11.2% monthly dividend yield, with net investment income consistently supporting most distributions, even through volatile markets. The fund's resilience is underpinned by a diversified portfolio, strong income generation, and potential upside if interest rates trend lower over the next year.
PIMCO Corporate & Income Strategy Fund Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 483,975 | $6.39M | $5.67M | -$711,398.19 | -11.14% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 1,920 | $24,772.61 | $22,492.8 | -$2,279.81 | -9.2% |
| YA Yinka Akinsola Blue Trust Inc. | 12,744 | $162,613.44 | $149,295.96 | -$13,317.48 | -8.19% |
 Jeff Ameen Spire Wealth Management | 500 | $6,825 | $5,810 | -$1,015 | -14.87% |
| CAL CoreCap Advisors LLC CoreCap Advisors LLC | 11,120 | $143,205.85 | $129,937.2 | -$13,268.65 | -9.27% |
PIMCO Corporate & Income Strategy Fund (PCN) FAQ
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PIMCO Corporate & Income Strategy Fund Profile
| NYSE Exchange | US Country |
Overview
PIMCO Corporate & Income Strategy Fund is a closed-ended fixed income mutual fund managed by Allianz Global Investors Fund Management LLC, with co-management by Pacific Investment Management Company LLC. The fund focuses on the fixed income markets within the United States and strategically invests in a diverse range of securities from various sectors. Specifically, it targets fixed income securities, including treasury bonds and corporate notes, as well as U.S. government agency securities, mortgage-backed securities, and asset-backed securities. The fund utilizes fundamental analysis coupled with a top-down security selection approach to optimize its portfolio. Initially established as the PIMCO Corporate Income Fund, PIMCO Corporate & Income Strategy Fund was formed on October 17, 2001, and it is domiciled in the United States.
Products and Services
- Fixed Income Securities
The fund specializes in a variety of fixed income investments, including treasury bonds which are deemed low-risk and backed by the U.S. government, making them a cornerstone of its investment strategy.
- Corporate Notes
Investments in corporate notes offer the potential for higher yields compared to government securities, as they are debt obligations from companies across various sectors, facilitating diversification.
- U.S. Government Agency Securities
This includes securities issued by U.S. government agencies that support various sectors of the economy, providing relatively lower risk and more stable returns.
- Mortgage-Backed Securities
Investing in mortgage-backed securities allows the fund to tap into the real estate market, offering potential income streams also backed by underlying assets (mortgages).
- Asset-Backed Securities
These are securities backed by a pool of assets, such as loans or receivables, providing diversification and access to various income-generating investments.
