PIMCO Access Income Fund (PAXS)
| Market Value | 725.57M |
| Revenue (ttm) | n/a |
| Net Income (ttm) | n/a |
| Shares Out | 44.00M |
| EPS (ttm) | n/a |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | $1.79 (10.84%) |
| Ex-Dividend Date | Nov 12, 2024 |
| Volume | 169,067 |
| Open | 16.41 |
| Previous Close | 16.37 |
| Day's Range | 16.27 - 16.50 |
| 52-Week Range | 13.58 - 17.24 |
| Beta | 0.70 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | n/a |
About PAXS
PIMCO Access Income Fund is close-ended fixed income mutual fund launched and managed by Pacific Investment Management Company LLC. It invests in fixed income markets of global region. The fund primarily invests in corporate debt, mortgage-related and other asset-backed instruments, government and sovereign debt, taxable municipal bonds, floating-rate income-producing securities with varying maturities. It employs fundamental analysis bottom-up and top-down securities picking approach to create its portfolio. PIMCO Access Income Fund is domicil... [Read more]
News
PAXS: Yields Over 11% And Looks More Enticing As Rates Decline
The current macroeconomic environment, with ongoing rate cuts and a pro-growth administration, is favorable for fixed-income markets, making PAXS a strong income investment. PAXS has generated a total...
The 11%-Yielder To Buy On President Trump's Victory
Immediately after President-Elect Donald Trump won his second term last week, the US dollar surged, while US Treasuries fell.
These Closed-End Funds Pay $1,000 A Month On Every $100K Invested
I can't tell you how many times I've mentioned closed-end funds (CEFs) to investors and been met with blank stares in return.
PIMCO Closed-End Funds Declare Monthly Common Share Distributions
NEW YORK, Nov. 01, 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 fo...
PIMCO Update | Sept 2024 | Muni Coverage Jumps (Maybe), Taxables See Significant ATM Benefit
The best taxable closed-end funds are PHK, PFN, and at slightly cheaper valuations, PDI and PCN; best munis are PMF, NY funds, and PCK in CA. Distributions are safe due to funds monetizing premiums vi...
PAXS: Analyzing Recent Changes For This Highly Levered Bond Fund
The PIMCO Access Income Fund offers a high yield of 11.24%, appealing to income-focused investors despite its high leverage and current premium valuation. The fund primarily invests in fixed-income se...
Three 10%+ Yields With Serious Downside
Who is paying a 27% premium for Guggenheim Strategic Opportunity Fund (GOF)?
PAXS: Price Outperforming The Portfolio Makes This Riskier Than Many Believe
PIMCO Access Income Fund is a closed-end fund for income-focused investors, primarily investing in fixed-income securities like bonds for higher yields. Bonds lack protection against inflation, affect...
PIMCO Update May 2024 - PDX Levers Up
Coverage on PIMCO CEFs improved, with muni CEF coverage ratio up 9 points to 89% and taxable CEFs up over 20 points to 84.6%. Leverage changes varied among funds, with some cutting borrowing significa...
PIMCO CEF Update: Income Volatility And Yield Curve Risk
We take a look at coverage, leverage, and performance metrics of the PIMCO CEF suite. Taxable and Muni PIMCO CEF coverage diverge further in March, with average taxable coverage at new lows over the l...
PAXS: PIMCO's Newest Closed End Fund Continues To Deliver
PIMCO's closed end fund lineup continues to grow, launching new funds periodically. Positive economic indicators, such as easing inflation, have shifted sentiment towards a lower interest rate scenari...
PIMCO Update Feb 2024 | PDX Makes The Move, Valuations Remain Rich
Funds rely on at-the-market offerings and capital gains to make up for earnings shortfalls and maintain distributions. Coverage levels for taxable funds declined in January due to the falling value of...
PAXS: 10.71% Yielding CEF From PIMCO Could Thrive In A Lower Rate Environment
PIMCO Access Income Fund has experienced a flat performance over the past year, but has continuously generated monthly income. The fund's performance is dependent on the macroeconomic environment and ...
Pimco Closed-End Funds Declare Monthly Common Share Distributions
NEW YORK, March 01, 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 f...
PIMCO CEF Update: PIMCO Struggled To Outperform Last Year
We provide an update for the PIMCO CEF suite. Coverage for PIMCO CEFs saw marginal declines for Muni funds and remained nearly flat for taxable funds. Borrowing and leverage levels remained fairly ste...
PAXS: Major Reversal Expected In This 12% Yielder From PIMCO
PAXS is a relatively recently established PIMCO CEF trading ~25% below its IPO NAV level of $20 per share. Yet, it has the healthiest dividend coverage levels among PIMCO taxable CEFs and has managed ...
PIMCO CEF Update: PIMCO Trades The October Swoon
We provide a November update for the PIMCO CEF taxable suite. Coverage across PIMCO's tax-exempt funds increased slightly in November, while coverage for taxable funds decreased by around 10% on avera...
PAXS: Continuing Failure To Cover The Distribution
PIMCO Access Income Fund offers a current yield of 12.71% and trades at a discount on net asset value. The PAXS closed-end fund's performance over the past five months has been worse than expected due...
CEF Weekly Commentary | December 10, 2023 | High Quality Opportunities
Stocks were up slightly as the jobs report shifted the narrative towards 'higher for longer.' The payroll report came in stronger than expected, but the narrative was that it was a hawkish report, mea...
PIMCO CEF Update: Getting Ready For PDX
We provide an update for the PIMCO CEF suite. PIMCO took advantage of the recent back-up in yields and yield curve disinversion to add assets across the taxable suite. Muni CEF coverage continues to d...
The Dirty Dozen CEFs From 2021: A Summary
In 2021, a dozen closed-end funds, or CEFs, were launched, but none of them performed well, with all of them experiencing negative total returns since inception. The CEFs trade at wide discounts to NA...
PAXS: The Best PIMCO Taxable Bond CEF To Buy Now
Traditional retirement portfolio strategies of a 60/40 mix of stocks and bonds are being challenged due to poor bond market performance. Bond funds are on track for a third consecutive year of losses,...
PIMCO CEF Update: Key Tidbits From The Shareholder Report
We provide an August update for the PIMCO CEF taxable suite. Coverage remained steady at nearly 70% on average for taxable funds. Borrowings ticked higher but remain in a six-month range.
PIMCO August 2023 Report | Valuations Come Back Down But Still Not Compelling
PIMCO taxables have stagnant coverage levels and face potential distribution cuts, making them a risky investment. PIMCO muni CEF coverage remains weak and UNII levels are falling, indicating possible...