PIMCO Income Strategy Fund II (PFN)
| Market Value | 586.14M |
| Revenue (ttm) | 76.69M |
| Net Income (ttm) | 75.13M |
| Shares Out | 78.68M |
| EPS (ttm) | 0.86 |
| PE Ratio | 8.71 |
| Forward PE | n/a |
| Dividend | $0.86 (11.60%) |
| Ex-Dividend Date | Nov 12, 2024 |
| Volume | 376,891 |
| Open | 7.48 |
| Previous Close | 7.45 |
| Day's Range | 7.41 - 7.49 |
| 52-Week Range | 6.76 - 7.77 |
| Beta | 0.79 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | n/a |
About PFN
PIMCO Income Strategy Fund II is a closed-ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in the fixed income markets of the United States. It invests in securities of companies operating across the diversified sectors. The fund invests in floating-rate debt instruments primarily high-yield senior floating-rate loans. It employs fundamental analysis with top-down approach to create its portfolio. The fund conduct... [Read more]
News
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...
PFN: A Good Bond Fund If Bonds Are Even Desired In Your Portfolio
The PIMCO Income Strategy Fund II offers a high yield of 11.46%, outperforming domestic bond indices but lagging peer closed-end funds. Despite recent strong performance, the fund's future performance...
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...
PFN: Making Intelligent Moves With Its Portfolio, But Doesn't Deserve A Premium
PIMCO Income Strategy Fund II offers a high yield of 11.98%, above the median for similar funds. The PFN closed-end fund has underperformed the domestic bond indices over the past few weeks, as well a...
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...
PFN: Not Worth A Premium To NAV
PIMCO Income Strategy Fund II has underperformed its peers, including ETFs and other CEFs, during the recent monetary tightening cycle. This is attributed to poor individual security selection. The fu...
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...
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...
PFN: Take Profits But Do Not Completely Abandon This Excellent Fixed-Income CEF
The PIMCO Income Strategy Fund II offers a high current yield of 11.66%, higher than most other fixed-income funds. The fund's shares have outperformed the broader bond market, rising 3.79% since the ...
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...
CEF Weekly Commentary | Swap Some MAIN Bonds?
Macro markets saw positive movement, with the S&P 500 up 1.81% and bonds performing well. The PPI report offset slightly hot CPI, leaving uncertainty about how the Fed will respond to rising inflation...
PFN: This Popular Bond Fund May Be Riskier Than Believed
The PIMCO Income Strategy Fund II is a popular way for investors to earn a high level of income. The fund yields 12.15% at the current share price, but it failed to cover it in the most recent fiscal ...
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...
PFN: Best To Buy On Dips
PIMCO Income Strategy Fund II offers a high yield of 12.90%, but this may indicate a potential distribution cut in the future. The PFN closed-end fund's performance has been lackluster, with a decline...
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.
5 Closed-End Fund Buys In The Month Of August 2023 (Plus 2 I Sold)
This month, I added to 5 different closed-end funds, but it came from the result of selling off 2 for swaps as well. Swap opportunities come up as we can exploit the discount/premium mechanics in clos...
PIMCO Closed-End Funds Declare Monthly Common Share Distributions
NEW YORK, Sept. 01, 2023 (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: ARPS Go On The Chopping Block
We provide a July update for the PIMCO CEF taxable suite. Taxable coverage fell for the second straight month while tax-exempt coverage remained stable. PIMCO is doing a tender offer of their very exp...
Certain PIMCO Closed-End Funds Announce Tender Offers for Auction Rate Preferred Shares
NEW YORK, Aug. 14, 2023 (GLOBE NEWSWIRE) -- PIMCO Corporate & Income Opportunity Fund (NYSE: PTY), PIMCO Corporate & Income Strategy Fund (NYSE: PCN), PIMCO High Income Fund (NYSE: PHK), PIMCO Income ...
PFN: A Year Later, The Bull Case Is Still Hard To Make
The article evaluates the PIMCO Income Strategy Fund II as an investment option. There is merit to owning as an equity hedge and for a more risk-on-income play. But challenges put some pressure on tha...
PIMCO CEF Update: SEC Goes After PIMCO For Paired Swaps
We provide a June update for the PIMCO CEF taxable suite. The SEC fined PIMCO $6.5m for inadequate disclosure of its paired swap strategy. Coverage turned back down for taxable funds to close out the ...
PFN: Earn Income With This CEF
Investors today are desperate for any source of income as the cost of living continues to increase at a very rapid pace. PIMCO Income Strategy Fund II invests in a portfolio of bonds with the goal of ...
Weekly Closed-End Fund Roundup: PDT Cuts, FSCO Boosts, Some CEFs Getting Bubbly (July 9, 2023)
6 out of 22 CEF sectors positive on price and 3 out of 22 sectors positive on NAV last week. PDT reduces distribution by 15%, FSCO boosts distribution by 15%. Some CEFs getting bubbly.