PIMCO CEF Update: PDX Not In A Hurry To Be A Credit Fund
Sprott(CEF) Seeking Alpha·2024-09-06 20:36
tadamichi In this article, we provide an update on the PIMCO CEF suite. Specifically, we discuss the changes in distribution coverage over July. We also discuss the allocation profile of the Dynamic Income Strategy Fund (PDX) and its apparent strategy to remain less of a credit fund and more of an Energy fund that many investors expected at the time of its strategy shift in late 2023. Coverage Update Based on six-month rolling figures, distribution coverage across the taxable and tax-exempt suites continued ...