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PIMCO Income Strategy Fund II

PFN

Market cap $620M

6.27 USD

+0.07

1.13%

At close Updated Oct 29, 4:00 PM EDT

Pre-market

After hours

6.30

+0.03

0.48%

1 day

1.13%

5 days

1.29%

1 month

-0.32%

3 months

-11.06%

6 months

-11.32%

Year to date

-16.51%

1 year

-16.06%

5 years

-37.86%

10 years

-33.37%

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 different 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

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 22.2%

Neutral 66.7%

Negative 11.1%

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

PFN: An Analytical Review Of 14% Dividend Yield, NAV Discount, And Key Risks

The PIMCO Income Strategy Fund II offers a 14% dividend yield and trades at a rare 5.24% discount to NAV. PFN's current discount, supported by a -2 Z-score, suggests an 8–9% capital gain potential if it reverts to its historical premium. The fund's high leverage (32.37%) and focus on sub-investment-grade credit elevate both return and risk, particularly in downturns.

PFN: An Analytical Review Of 14% Dividend Yield, NAV Discount, And Key Risks

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

PFN: The High-Yield Fund Is Now Entering A Different Earnings Regime

PIMCO Income Strategy Fund II is rated hold, trading near NAV with a 12.5% yield but heightened leverage and evolving strategy. PFN's recent strategy shift enables direct loan origination, expanding credit flexibility but increasing exposure to illiquid and higher-risk assets. Leverage has doubled to ~31%, amplifying both return potential and downside risk, especially amid uncertain interest rate trajectories.

PFN: The High-Yield Fund Is Now Entering A Different Earnings Regime

PFN: Failure To Cover Distribution Comes Amidst Bond Market Struggles

PIMCO Income Strategy Fund II offers a compelling 12.47% yield, primarily through leveraged exposure to fixed- and floating-rate debt securities. PFN's distribution exceeded its net investment income in the latest fiscal year, resulting in a net asset value decline and raising sustainability concerns. Rising rates and inflationary pressures threaten further capital gains and may pressure PFN's NAV, especially given its significant fixed-rate exposure.

PFN: Failure To Cover Distribution Comes Amidst Bond Market Struggles

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

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 September 1, 2026 to shareholders of record on August 13, 2026, with an ex-dividend date of August 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

PIMCO CEFs: What's Behind The Premium Deflation

PIMCO taxable CEFs have experienced significant premium compression, converging toward zero after years of elevated valuations. Premium deflation has been concentrated in PCM, PTY, RCS, PCN, and PDI, with underlying NAV performance remaining generally strong versus the broader CEF market. Distribution coverage volatility, reduced leverage, and credit concerns have contributed to valuation declines, but current levels offer improved margin of safety.

PIMCO CEFs: What's Behind The Premium Deflation

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