PFN
PIMCO Income Strategy Fund IIPFN
PFN
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.
0
Funds holding %
of 7,296 funds
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Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
60% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 25
0.5% more ownership
Funds ownership: 19.61% [Q4 2024] → 20.11% (+0.5%) [Q1 2025]
3% less funds holding
Funds holding: 117 [Q4 2024] → 113 (-4) [Q1 2025]
18% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 11
41% less capital invested
Capital invested by funds: $202M [Q4 2024] → $119M (-$82.9M) [Q1 2025]
Research analyst outlook
We haven’t received any recent analyst ratings for PFN.
Financial journalist opinion
Neutral
GlobeNewsWire
1 week ago
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.
Positive
Seeking Alpha
3 weeks ago
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.
Neutral
GlobeNewsWire
1 month ago
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.
Neutral
GlobeNewsWire
2 months ago
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.
Neutral
Seeking Alpha
2 months ago
PIMCO CEF Update: Tight Spreads Drive A Derisking Across Taxable Funds
PIMCO's taxable CEFs have seen a significant increase in distribution coverage, likely more driven by interest rate swaps rather than reduced leverage costs. PIMCO has sharply reduced leverage and duration risk across its taxable CEFs, positioning defensively amid tight credit spreads and low longer-term rates after the first Fed cut. Valuations have deflated slightly, with the average taxable premium just above 10%; PIMCO Muni CEF valuations are reasonable, especially for CA and NY state funds.
Positive
Seeking Alpha
2 months ago
PFN: Gained Our Respect Via The Recent Portfolio Actions (Rating Upgrade)
PFN has significantly reduced its leverage from 23% to 7.7%, positioning itself conservatively ahead of a potential recession. The fund has shifted its portfolio toward mortgages, treasuries, and emerging market bonds, reducing high yield exposure to only 19%. PFN's conservative stance and strategic asset allocation aim to limit drawdowns and maintain a premium to NAV during market downturns.
Neutral
GlobeNewsWire
3 months ago
PIMCO Closed-End Funds Declare Monthly Common Share Distributions
NEW YORK, March 03, 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 April 1, 2025 to shareholders of record on March 13, 2025, with an ex-dividend date of March 13, 2025.
Negative
Seeking Alpha
3 months ago
Very Bad News For Closed-End Funds
Closed-end funds offer unique opportunities due to their discount/premium mechanisms, allowing share prices to deviate from net asset value per share in a wild manner. In general, CEFs often provide diverse exposure across equity and fixed-income portfolios, and they even offer exposure to hybrid portfolios, but also allowing for sector-specific exposure. One important note is that not all premiums or discounts indicate a buying or selling opportunity; instead, it can make more sense to examine relative value over historical periods.
Neutral
GlobeNewsWire
4 months ago
PIMCO Closed-End Funds Declare Monthly Common Share Distributions
NEW YORK, Feb. 03, 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 March 3, 2025 to shareholders of record on February 13, 2025, with an ex-dividend date of February 13, 2025.
Neutral
Seeking Alpha
4 months ago
PFN: Likely To Suffer Declining NII, But Still Trading At A Premium
The PIMCO Income Strategy Fund II offers a high yield of 11.63%, though it lags behind the peer median yield of 11.95%. Despite the recent bond market weakness, the fund managed a 1.54% total return since October due to its high distributions, outperforming several bond indices. The fund's exposure to floating-rate securities will almost certainly lead to falling net investment income should the Fed and ECB continue to cut rates as projected.
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