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PFN

PIMCO Income Strategy Fund II

PFN

Market cap $642M

6.50 USD

-0.14

2.11%

At close Updated Sep 14, 4:00 PM EDT

1 day

-2.11%

5 days

-5.93%

1 month

-8.19%

3 months

-4.97%

6 months

-5.66%

Year to date

-13.45%

1 year

-14.47%

5 years

-35.26%

10 years

-30.7%

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 28.6%

Neutral 42.9%

Negative 28.6%

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

PFN Vs. UTG: The Income Strategy Works When Capital Gains Falter

PIMCO Income Strategy Fund II is rated a Buy for its income-focused strategy and steady distributions, currently yielding 12.7% at a slight NAV discount. Reaves Utility Income Fund is rated Hold due to high valuations in top holdings and potential for capital gains volatility despite recent strong performance. PFN's distributions are well-covered by net investment income, with nearly 100% UNII coverage in the past three months and improving coverage ratios in early 2026.

PFN Vs. UTG: The Income Strategy Works When Capital Gains Falter

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.

PIMCO Closed-End Funds Declare Monthly Common Share Distributions

PIMCO CEF Premiums Plummet Due To Private Credit Paranoia

All 11 of the PIMCO Taxable CEFs have seen their market prices fall due to the pricing pressure from private credit fears impacting fixed income assets. Nearly all of the PIMCO CEFs have seen the premium to NAV decline, and PAXS now trades at a discount. Several CEFs, including PCN, PDO, and PTY, appear to offer a good buying opportunity now at historically low premiums; however, caution is warranted.

PIMCO CEF Premiums Plummet Due To Private Credit Paranoia

PFN: Attractive Valuation Supported By Uptick In NAV

PIMCO Income Strategy Fund II offers a current dividend yield of approximately 10.3% based on its latest monthly distribution. PFN's semi-annual report and outlook highlight a focus on income generation through diversified fixed-income strategies. Key risks include interest rate volatility and potential changes in dividend coverage, which investors should monitor closely.

PFN: Attractive Valuation Supported By Uptick In NAV

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