PIMCO Access Income Fund

Western Asset High Income Fund

Lufax Holding

Runway Growth Finance Corp

Saratoga Investment

According to a February 2, 2024 article in The Washington Post, grocery prices have jumped 25% since Joe Biden took office. This outpaced overall inflation, which was 19% in the same time period. The price of beef and baby food soared the most, followed by sugar and citrus fruits.

Want $12,500 In Passive Income, Invest $20,000 In These 5 Dividend Stocks

PIMCO's closed end fund lineup continues to grow, launching new funds periodically. Positive economic indicators, such as easing inflation, have shifted sentiment towards a lower interest rate scenario. PIMCO's newest closed end fund, PAXS, has performed well compared to other funds in the lineup, but still trails the largest funds from PIMCO.

PAXS: PIMCO's Newest Closed End Fund Continues To Deliver

PIMCO Corporate & Income Strategy Fund

PIMCO Dynamic Income Fund

PIMCO Income Strategy Fund

PIMCO Income Strategy Fund II

Pimco High Income Fund

PIMCO Corporate & Income Opportunity Fund

Funds rely on at-the-market offerings and capital gains to make up for earnings shortfalls and maintain distributions. Coverage levels for taxable funds declined in January due to the falling value of the dollar. Net investment income production has been declining for several years, leading to potential distribution cuts and overvalued NAVs.

PIMCO Update Feb 2024 | PDX Makes The Move, Valuations Remain Rich

PCM Fund

PIMCO Dynamic Income Opportunities Fund

PIMCO Dynamic Income Strategy Fund

Coverage for PIMCO CEFs has improved for muni funds but fell slightly for taxable funds.

PIMCO CEF Update: Performance Reversal And New Swap Shenanigans

PIMCO Access Income Fund has experienced a flat performance over the past year, but has continuously generated monthly income. The fund's performance is dependent on the macroeconomic environment and the Fed's interest rate decisions. I am becoming more bullish on PAXS, anticipating potential capital appreciation and ongoing income generation in a rate-cutting environment.

PAXS: 10.71% Yielding CEF From PIMCO Could Thrive In A Lower Rate Environment

Pimco California Municipal Income Fund II

Pimco California Municipal Income Fund

Pimco Global Stockplus & Income Fund

Pimco Municipal Income Fund

Pimco Municipal Income Fund II

Pimco Municipal Income Fund III

Pimco New York Municipal Income Fund

Pimco New York Municipal Income Fund II

Pimco New York Municipal Income Fund III

Pimco California Municipal Income Fund III

PIMCO Strategic Income Fund Inc

NEW YORK, March 01, 2024 (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, 2024 to shareholders of record on March 11, 2024, with an ex-dividend date of March 8, 2024.

Pimco Closed-End Funds Declare Monthly Common Share Distributions

Aberdeen Income Credit Strategies Fund

KKR Income Opportunities Fund

We provide an update for the PIMCO CEF suite. Coverage for PIMCO CEFs saw marginal declines for Muni funds and remained nearly flat for taxable funds. Borrowing and leverage levels remained fairly steady.

PIMCO CEF Update: PIMCO Struggled To Outperform Last Year

PAXS is a relatively recently established PIMCO CEF trading ~25% below its IPO NAV level of $20 per share. Yet, it has the healthiest dividend coverage levels among PIMCO taxable CEFs and has managed to accommodate the dividend without relying on trimming the NAV base. In this article, I elaborate on several aspects that distinguish PAXS and render the investment case attractive for yield-chasing investors.

PAXS: Major Reversal Expected In This 12% Yielder From PIMCO

SPDR Bloomberg High Yield Bond ETF

We provide a November update for the PIMCO CEF taxable suite. Coverage across PIMCO's tax-exempt funds increased slightly in November, while coverage for taxable funds decreased by around 10% on average. PIMCO appears to have taken advantage of the swoon in credit prices in September and October.

PIMCO CEF Update: PIMCO Trades The October Swoon

PIMCO Access Income Fund offers a current yield of 12.71% and trades at a discount on net asset value. The PAXS closed-end fund's performance over the past five months has been worse than expected due to changing market sentiment and rising interest rates. The market may be overpricing bonds, as the December FOMC meeting did not suggest interest rate cuts of the magnitude currently priced into the market.

PAXS: Continuing Failure To Cover The Distribution

BlackRock Taxable Municipal Bond Trust

BlackRock Enhanced Equity Dividend Trust

BlackRock Floating Rate Income Trust

Morgan Stanley China A Share Fund Inc

Blackrock Debt Strategies Fund Inc

Eaton Vance Municipal Income 2028 Term Trust

First Trust Mortgage Income Fund

Blackrock Floating Rate Income Strategies Fund Inc

Templeton Global Income Fund

Western Asset High Yield Defined Opportunity Fund Inc

Western Asset Investment Grade Defined Opportunity Trust

Nuveen Mortgage Opportunity Term Fund

Deutsche Municipal Income Trust

Morgan Stanley Emerging Markets Debt Fund

Nuveen Municipal Credit Opportunities Fund

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Putnam High Income Securities Fund

Templeton Emerging Markets Income Fund

Stocks were up slightly as the jobs report shifted the narrative towards 'higher for longer.' The payroll report came in stronger than expected, but the narrative was that it was a hawkish report, meaning higher rates for longer. Discounts for CEFs continue to tread water, with real estate and interest rate-sensitive bond sectors performing well, while emerging market equity and convertibles performed poorly.

CEF Weekly Commentary | December 10, 2023 | High Quality Opportunities

We provide an update for the PIMCO CEF suite. PIMCO took advantage of the recent back-up in yields and yield curve disinversion to add assets across the taxable suite. Muni CEF coverage continues to decrease, while taxable CEF coverage slightly improved.

PIMCO CEF Update: Getting Ready For PDX

BlackRock Innovation & Growth Trust

BlackRock 2037 Municipal Target Term Trust

Blackrock ESG Capital Allocation Trust

Guggenheim Active Allocation Fund

MainStay CBRE Global Infrastructure Megatrends Fund

Pioneer Municipal High Income Opportunities Fund

Neuberger Berman Next Generation Connectivity Fund

Nuveen Core Plus Impact Fund

Nuveen Variable Rate Preferred & Income Fund

RiverNorth Flexible Mncpl Inm Fnd II Inc

Thornburg Income Builder Opportunities Trust

Western Asset Diversified Income Fund

In 2021, a dozen closed-end funds, or CEFs, were launched, but none of them performed well, with all of them experiencing negative total returns since inception. The CEFs trade at wide discounts to NAV, with an average discount of -12.5%, and offer high yield income with annual yields as high as 12.9%. The hybrid funds with global allocations and higher yielding taxable fixed income funds have performed better than municipal fixed income funds and equity funds.

The Dirty Dozen CEFs From 2021: A Summary

NEW YORK, Nov. 01, 2023 (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 December 1, 2023 to shareholders of record on November 13, 2023, with an ex-dividend date of November 10, 2023.

PIMCO Closed-End Funds Declare Monthly Common Share Distributions

Traditional retirement portfolio strategies of a 60/40 mix of stocks and bonds are being challenged due to poor bond market performance. Bond funds are on track for a third consecutive year of losses, which has not happened since the 1970s. PIMCO Access Income Fund is recommended as a good investment option due to its high UNII coverage, discount to NAV, and attractive yield.

PAXS: The Best PIMCO Taxable Bond CEF To Buy Now

We provide an August update for the PIMCO CEF taxable suite. Coverage remained steady at nearly 70% on average for taxable funds. Borrowings ticked higher but remain in a six-month range.

PIMCO CEF Update: Key Tidbits From The Shareholder Report

PIMCO taxables have stagnant coverage levels and face potential distribution cuts, making them a risky investment. PIMCO muni CEF coverage remains weak and UNII levels are falling, indicating possible distribution cuts in the future. PDI and PAXS have seen a decline in price, bringing them closer to fair value, but NAV downtrends and low coverage pose additional risks.

PIMCO August 2023 Report | Valuations Come Back Down But Still Not Compelling

NEW YORK, Sept. 01, 2023 (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 October 2, 2023 to shareholders of record on September 11, 2023, with an ex-dividend date of September 8, 2023.

PIMCO Closed-End Funds Declare Monthly Common Share Distributions

BlackRock Credit Allocation Income Trust

MFS High Yield Municipal Trust

DoubleLine Income Solutions Fund

Eaton Vance Short Duration Diversified Income Fund

Eaton Vance

Flaherty & Crumrine Total Return Fund Inc

Nuveen Floating Rate Income Fund

Deutsche Strategic Municipal Income Trust

Nuveen Dynamic Municipal Opportunities Fund

Nuveen Municipal Income Fund Inc

Nuveen Select Tax-Free Income Portfolio

Nuveen Municipal Credit Income Fund

Putnam Master Intermediate Income Trust

Cohen & Steers Tax-Adv Pref Secs and Inc Fund

Western Asset Premier Bond Fund

Taxable closed-end fund discounts have narrowed, reducing their attractiveness, while credit spreads have tightened, producing returns in some areas of the CEF market. Municipal CEFs remain exceptionally cheap, with discounts wider than 99% of historical observations. The risk-reward in the taxable bond CEF space is on the downside, while the upside potential in municipal CEFs is significant, but dependent on a shift in Fed policy and inflation.

CEF Report August 2023: Taxables Get Bought And Are Not Very Compelling, Munis Look Best

Western Asset Mortgage Opportunity Fund

We provide a July update for the PIMCO CEF taxable suite. Taxable coverage fell for the second straight month while tax-exempt coverage remained stable. PIMCO is doing a tender offer of their very expensive auction-rate preferreds.

PIMCO CEF Update: ARPS Go On The Chopping Block

Investors are in desperate need of income today to maintain their standard of living in the current inflationary environment. PIMCO Access Income Fund invests in a highly leveraged portfolio of bonds to deliver a high yield to its shareholders. There could be a lot of downside risk here if the Federal Reserve stands firm on interest rates.

PAXS: Investors May Be Too Optimistic About This Levered Bond Fund

NEW YORK, July 03, 2023 (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 August 1, 2023 to shareholders of record on July 13, 2023, with an ex-dividend date of July 12, 2023.

PIMCO Closed-End Funds Declare Monthly Common Share Distributions

We provide an April update for the PIMCO CEF taxable suite. PIMCO taxable CEFs deleveraged slightly as total borrowings fell below their February level to a new low. Six-month rolling coverage deflated further while three-month coverage was relatively stable. We expect six-month coverage to stabilize going forward.

PIMCO CEF Update: How Low Can Coverage Go?

AGNC Investment

Dynex Capital

Ellington Residential Mortgage REIT

Eagle Point Credit

Ellington Financial

Franklin International Aggregate Bond ETF

Gladstone Commercial

Modiv

Neuberger Berman High Yield Strategies Fund Inc

Orchid Island Capital

Sabine Royalty Trust

SL Green Realty

Solar Capital

Credit Suisse X-Links Silver Shares Covered Call ETN

Simplify Volatility Premium ETF

Yieldmax Tsla Option Income Etf

Credit Suisse X-Links Crude Oil Shares Covered Call ETN

Imagine stocks or funds that pay out their dividends once-a-month! Unlike waiting for quarterly, semi-annual or (ugh) annual payouts, your angst waiting for money is reduced by 300%, or more! These May U.S. exchange-traded monthly-paid (MoPay) dividends, upsides, and net gains include: 1. Stocks by yield (83); 2. Stocks by price upside (30); 3. Closed-End Investments, Exchange-Traded Funds & Notes (CEICs/ETFs/ETNs) by yield >9.56% (80).

83 Monthly-Paying Dividend Stocks And 80 Funds For May

Investors are desperately in need of additional income to maintain their lifestyles in the face of the highest inflation that we have seen in more than forty years. PAXS invests in a portfolio of bonds and then applies a significant amount of leverage to boost its yield.

PAXS: A High-Risk, High-Reward Bond CEF

News for PIMCO Access Income Fund ETF (PAXS)