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PIMCO Access Income Fund

PAXS

Market cap $610M

12.93 USD

-0.10

0.77%

At close Updated Oct 30, 4:00 PM EDT

1 day

-0.77%

5 days

0.15%

1 month

-2.27%

3 months

-9.07%

6 months

-12.46%

Year to date

-15.49%

1 year

-18.63%

5 years

-35.35%

10 years

-35.35%

About: PIMCO Access Income Fund is a non-diversified, limited-term, closed-end management investment company. The fund seeks current income as an objective and capital appreciation as a secondary objective. The company achieves the investment objectives by utilizing a dynamic asset allocation among multiple sectors in the public and private credit markets, including corporate debt.

Financials Asset Management

News

Positive

Neutral

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Sentiment 3-Months

Positive 41.7%

Neutral 58.3%

Negative 0%

PAXS: A Decent Income Fund From PIMCO For The Long Term, 13.9% Yield

PIMCO Access Income Fund currently yields 13.9% and trades at a 7% discount to NAV, appealing to income-focused investors. PAXS covers about 90% of its distribution with investment income but overpays by 10%, raising a mild risk of NAV erosion if headwinds persist. The fund employs high leverage (~40%), which amplifies both income and risks, especially in a rising interest rate environment anticipated for 2026–2027.

PAXS: A Decent Income Fund From PIMCO For The Long Term, 13.9% Yield

PAXS: Widening Discount To NAV And Higher Dividend Yield As Fixed Income Gets Disrupted

PIMCO Access Income Fund faces heightened volatility amid surging Treasury yields and persistent inflation, currently yielding 13.85% at a 7.4% discount to NAV. PAXS maintains strong distribution coverage, with a 3-month rolling coverage ratio of 106% and a 6-month ratio of 111%, supporting near-term distribution safety. The fund's portfolio is positioned to cycle into higher rates, with 26.91% maturing within a year and 38.05% in one to five years, reducing rate sensitivity.

PAXS: Widening Discount To NAV And Higher Dividend Yield As Fixed Income Gets Disrupted

PAXS: A 14% Yield And 7% Discount Meet Credit Stress

PIMCO Access Income Fund offers a 13.94% yield and trades at a 7% discount to NAV, but faces significant credit risk. CCC credit spreads are at historical highs, signaling concentrated stress in the riskiest segments and heightened NAV downside risk for PAXS. PAXS employs 39.57% leverage, amplifying both yield and NAV sensitivity; technicals show a persistent bearish trend below all key moving averages.

PAXS: A 14% Yield And 7% Discount Meet Credit Stress

Triple-Factor Closed-End Fund Report, October 2026: PIMCO Funds Fill The Yield List

Our Triple-Factor screen identifies closed-end funds combining a yield above 6.5%, distribution coverage above 90%, and a discount to NAV, using data as of the close of October 9, 2026. PIMCO funds take six of the top seven spots on the yield list, as several that traded at premiums until recently have slipped to discounts. Among our model portfolio holdings, DHF appears on all five lists, and HFRO again has the widest discount at -43.06%.

Triple-Factor Closed-End Fund Report, October 2026: PIMCO Funds Fill The Yield List

Income-Covered Closed-End Fund Report, October 2026

Our Income-Covered screen looks for closed-end funds whose net investment income fully covers the distribution (coverage above 100%) while trading at a discount to NAV, using data as of the close of October 6, 2026. Twenty funds pass this month. Templeton Emerging Markets Income leads the combined yield, discount and z-score ranking, while HFRO has the widest discount at -42.44%. Our model portfolio holdings PFO, HFRO, PCN, PDO, RSF and BANX all make this month's lists, with PFO appearing on all five.

Income-Covered Closed-End Fund Report, October 2026

PIMCO Closed-End Funds Declare Monthly Common Share Distributions

NEW YORK--(BUSINESS WIRE)--The Boards of Trustees/Directors of the PIMCO closed-end funds below (each, a “Fund” and, collectively, the “Funds”) have declared a monthly distribution for each Fund's common shares as summarized below. For the following Funds, the distributions are payable on November 2, 2026 to shareholders of record on October 13, 2026, with an ex-dividend date of October 13, 2026: Monthly Distribution Per Share Fund NYSE Symbol Amount Change From Previous Month Percentage Change.

PIMCO Closed-End Funds Declare Monthly Common Share Distributions

Triple-Factor Closed-End Fund Report, September 2026: HFRO's Discount Keeps Widening

Our Triple-Factor screen identifies closed-end funds combining a yield above 6.5%, distribution coverage above 90%, and a discount to NAV, screening over 400 CEFs as of the close of September 15, 2026. Portfolio holdings Highland Opportunities and Income (HFRO), BNY Mellon High Yield Strategies (DHF), PIMCO Dynamic Income Opportunities (PDO), and Blackstone Strategic Credit 2027 (BGB) all rank among this month's top lists. As a reminder, these top lists are meant to be preliminary shortlists for further research, and are not meant to be the final analysis for a buy or sell decision.

Triple-Factor Closed-End Fund Report, September 2026: HFRO's Discount Keeps Widening

Income-Covered Closed-End Fund Report, September 2026

Quantitative screens highlight fully-covered CEFs trading at wide discounts, negative z-scores, and high yields, offering both value and income potential. Metrics like premium/discount, coverage, leverage, and z-score are used to shortlist funds for further due diligence, not as final buy/sell recommendations. Funds such as EFT, PFO, and VBF rank highly across every discount, yield, and coverage screen this month, warranting closer investor attention.

Income-Covered Closed-End Fund Report, September 2026

PIMCO Closed-End Funds Declare Monthly Common Share Distributions

NEW YORK--(BUSINESS WIRE)--The Boards of Trustees/Directors of the PIMCO closed-end funds below (each, a “Fund” and, collectively, the “Funds”) have declared a monthly distribution for each Fund's common shares as summarized below. For the following Funds, the distributions are payable on October 1, 2026 to shareholders of record on September 11, 2026, with an ex-dividend date of September 11, 2026: Monthly Distribution Per Share Fund NYSE Symbol Amount Change From Previous Month Percentage Cha.

PIMCO Closed-End Funds Declare Monthly Common Share Distributions

Income-Covered Closed-End Fund Report, August 2026

Quantitative screens highlight CEFs trading at wide discounts, negative z-scores, and high yields, offering both value and income potential. Metrics like premium/discount, coverage, leverage, and z-score are used to shortlist funds for further due diligence, not as final buy/sell recommendations. Funds such as BGX, PFO, and EFT consistently rank highly across discount, yield, and coverage screens, warranting closer investor attention.

Income-Covered Closed-End Fund Report, August 2026

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