PFN

PIMCO Income Strategy Fund II

PFN

Market cap $716M

Overview Fund Activity

7.59 USD

-0.08

1.04%

At close Updated Sep 12, 4:00 PM EDT

Pre-market

After hours

7.56

-0.03

0.4%

1 day

-1.04%

5 days

-0.78%

1 month

0.93%

3 months

3.69%

6 months

0.8%

Year to date

1.61%

1 year

1.74%

5 years

-17.14%

10 years

-15.01%

About: PIMCO Income Strategy Fund II is a closed-ended fixed income mutual fund. The company's primary investment objective is to seek high current income, consistent with the preservation of capital. The fund invests in a range of securities, such as corporate bonds and notes, non-agency mortgage-backed securities, asset-backed securities, municipal bonds and notes, short-term instruments, sovereign Issues, preferred Securities 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)

60% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 10

4% more funds holding

Funds holding: 113 [Q1] → 117 (+4) [Q2]

6% more repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 31

0% less capital invested

Capital invested by funds: $119M [Q1] → $119M (-$198K) [Q2]

2.85% less ownership

Funds ownership: 20.11% [Q1] → 17.26% (-2.85%) [Q2]

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Financial journalist opinion

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

PFN: Long-Dated Debt And Floating-Rate Exposure Could Prove Problematic

PFN offers an attractive 11.4% yield, slightly above peer median, but not the highest among multi-sector bond funds. The fund's income sustainability is reasonable, with distributions covered by net investment income plus realized gains, but future income may decline if rates fall. Significant exposure to floating-rate and long-dated bonds poses risks if the Fed cuts rates or if U.S. debt monetization leads to negative real returns.

PFN: Long-Dated Debt And Floating-Rate Exposure Could Prove Problematic

PFN Provides Investors With A Diversified Portfolio Of International Bond Issuances

PIMCO Income Strategy Fund II offers leveraged exposure to a diversified portfolio of high-yield and investment-grade debt, with a focus on 3-5 year maturities. The fund's distribution yield is attractive at 11.44%, but payouts have been stagnant since 2015. PFN carries notable risks due to its high-yield focus, exposure to economic uncertainty, and sensitivity to interest rate changes and credit quality.

PFN Provides Investors With A Diversified Portfolio Of International Bond Issuances

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

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

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

PFN: Suppressed By Elevated Interest Rate Environment

PFN offers a high 11.9% yield and broad debt diversification, appealing to income-focused investors during market volatility. Current high interest rates suppress PFN's price and NAV, with no near-term rate cuts likely, limiting upside potential. Earnings have been inconsistent, raising concerns about the sustainability of PFN's generous dividend and the risk of future cuts.

PFN: Suppressed By Elevated Interest Rate Environment

PIMCO Closed-End Funds Declare Monthly Common Share Distributions

NEW YORK, May 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. The distributions are payable on June 2, 2025 to shareholders of record on May 12, 2025, with an ex-dividend date of May 12, 2025.

PIMCO Closed-End Funds Declare Monthly Common Share Distributions

PIMCO Closed-End Funds Declare Monthly Common Share Distributions

NEW YORK, April 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. The distributions are payable on May 1, 2025, to shareholders of record on April 11, 2025, with an ex-dividend date of April 11, 2025.

PIMCO Closed-End Funds Declare Monthly Common Share Distributions

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