PCN

PIMCO Corporate & Income Strategy Fund

PCN

Market cap $884M

Overview Fund Activity

13.19 USD

-0.09

0.68%

At close Updated Sep 12, 4:00 PM EDT

1 day

-0.68%

5 days

0.38%

1 month

4.1%

3 months

4.35%

6 months

-2.37%

Year to date

-2.37%

1 year

-4.63%

5 years

-17.97%

10 years

2.57%

About: PIMCO Corporate & Income Strategy Fund is a closed-end management investment company. Its objective is to seek high current income with capital appreciation as a secondary objective. It invests in corporate bonds and notes, non-agency mortgage-backed securities, asset-backed securities, short-term instruments, and others.

Financials Asset Management

0

Funds holding %

of 7,462 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

143% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 7

20% more repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 25

7% more funds holding

Funds holding: 95 [Q1] → 102 (+7) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 2 [Q1] → 2 (+0) [Q2]

0.26% less ownership

Funds ownership: 15.86% [Q1] → 15.59% (-0.26%) [Q2]

8% less capital invested

Capital invested by funds: $138M [Q1] → $127M (-$11.2M) [Q2]

See Fund Rankings

Financial journalist opinion

Based on 3 articles about PCN published over the past 30 days

PIMCO CEF Update: Coverage Dead Cat Bounce?

PIMCO taxable CEFs show persistently low distribution coverage, raising the risk of future distribution cuts and potential valuation hits. Current valuations across the PIMCO suite are not attractive, with premiums and tight credit spreads limiting upside potential. Tight credit spreads and a flat yield curve mean limited additional income growth on leverage, even if short-term rates decline as expected by the market.

PIMCO CEF Update: Coverage Dead Cat Bounce?

PIMCO Closed-End Funds Declare Monthly Common Share Distributions

NEW YORK, Sept. 02, 2025 (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 for each Fund's common shares as summarized below.

PIMCO Closed-End Funds Declare Monthly Common Share Distributions

My 10% Income Portfolio-Protecting The NAV

Caring about dividends can increase our returns, but caring about NAV can save our portfolio. Return and NAV protection must go hand in hand, because there can be no sustainable return without protecting the value of the underlying assets. As far as I am concerned, the way to protect my portfolio is to favor only securities with a positive NAV over time.

My 10% Income Portfolio-Protecting The NAV

PIMCO Closed-End Funds Declare Monthly Common Share Distributions

NEW YORK, Aug. 01, 2025 (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 for each Fund's common shares as summarized below.

PIMCO Closed-End Funds Declare Monthly Common Share Distributions

PCN: Reliable Dividend Income And Low Leverage Risk

PCN offers a high, stable 10.7% yield and monthly payouts, making it ideal for income-focused investors seeking portfolio diversification. The fund's diverse portfolio, conservative leverage, and significant investment-grade exposure support its income reliability and risk management. PCN currently trades at a modest premium to NAV, below its historical average, presenting an attractive entry point for buyers.

PCN: Reliable Dividend Income And Low Leverage Risk

PIMCO Closed-End Funds Declare Monthly Common Share Distributions

NEW YORK, July 01, 2025 (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 for each Fund's common shares as summarized below.

PIMCO Closed-End Funds Declare Monthly Common Share Distributions

24/7 Wall Street

Get Paid 10%+ a Year? These Monthly Dividend Stocks Actually Deliver

Although double-digit yields were normal during the 1980s, lower interest rates and a robust stock market have rendered yields of 10% or higher obscure.

Get Paid 10%+ a Year? These Monthly Dividend Stocks Actually Deliver

PIMCO Closed-End Funds Declare Monthly Common Share Distributions

NEW YORK, June 02, 2025 (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 for each Fund's common shares as summarized below. The distributions are payable on July 1, 2025 to shareholders of record on June 12, 2025, with an ex-dividend date of June 12, 2025.

PIMCO Closed-End Funds Declare Monthly Common Share Distributions

PCN: The Environment For Bonds Is Breaking Down

PIMCO Corporate & Income Strategy Fund offers a high 10.69% yield, far above peers, but it is confusing how it can actually sustain such a yield. Recent performance has been disappointing, with the PCN fund underperforming benchmarks due to trading at a premium to net asset value. The fund's portfolio is not pure investment-grade; over half is in high-yield and emerging market debt, increasing default risks.

PCN: The Environment For Bonds Is Breaking Down

PIMCO Update | May 2025 | Valuations Remain Compelling, NAVs Resilient

PIMCO taxable closed-end funds, or CEFs, remain attractive after recent volatility, with PTY and PCN offering compelling value due to compressed premiums and solid fundamentals. Leverage across PIMCO funds is at multi-year lows, reflecting prudent management amid higher borrowing costs and uncertain market conditions. Coverage ratios dropped mainly due to currency moves, but I do not anticipate distribution cuts, especially for muni CEFs, given historical resilience.

PIMCO Update | May 2025 | Valuations Remain Compelling, NAVs Resilient

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