PIMCO Strategic Income Fund Inc

PIMCO Strategic Income Fund, Inc. is a closed-end and non-diversified management investment company. Its investment objective is to generate a level of income higher than that generated by intermediate-term United States debt securities as a primary objective and capital appreciation to the extent consistent with this objective. The company was founded on February 24, 1994 and is headquartered in New York, NY.

RCS, a fixed income closed end fund, has an impressive long term performance. LQD, a fixed income ETF, has a solid track record too, but not as impressive.

PIMCO's RCS Likely To Cut Distribution, 30% Downside Possible

RCS continues to drop while I watch it. While buying now looks tempting, the fund is still too expensive. With high leverage and a high premium, the scars from 2022 remain forefront in my mind. This tells me investors should be cautious with options like this one.

RCS: Still Not The Time, Reiterate Hold

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Quality Closed-End Fund Report, November 2022

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NEW YORK, Sept. 01, 2022 (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 3, 2022 to shareholders of record on September 12, 2022, with an ex-dividend date of September 9, 2022.

PIMCO Closed-End Funds Declare Monthly Common Share Distributions

RCS has performed modestly since my last review roughly five months ago. However, my outlook for the fund has not improved in the interim. This CEF invests heavily in agency MBS. This has pros and cons right now. Spreads are up and refinancing is down, both of which are attractive. However, Fed tapering remains a risk.

RCS: Despite Flat Return, Value Proposition Is Much Worse

The PIMCO Strategic Income Fund is a multi-sector, international fixed-income CEF.  Its recent and long-term returns have been poor compared to other PIMCO CEFs. PIMCO offers about a dozen taxable fixed-income funds to pick from. Despite sharing management and analytical staff, there is a wide range in returns. RCS finds itself at the bottom over various time frames.

RCS: 1 Of PIMCO's Poorest-Performing Income CEFs

Liberty All-Star Growth Fund

BlackRock Innovation & Growth Trust

Today we're going to dive into a three-fund portfolio that throws off a massive 9.7% dividend yield.

3 Overlooked Funds Yielding 9.7% (With Upside)

RCS has been a very poor performer over the past few months. This pain could make for a contrarian buy signal.

RCS: It Has Dropped Almost 20%, And It's Still Not Cheap

Right now is one of the best times to get into what is typically thought of as the best-in-breed of the CEF world.

PIMCO CEFs Update: The Merger Is Nearly Complete As Buying Opportunities Are All Around

RCS has seen a flat return in the past four months, while other risk-on assets have performed well. The fund still sports a very expensive premium to NAV. This makes me reluctant to recommend buying at these levels.

RCS: I Still Can't Be Tempted

Wells Fargo Income Opportunities Fund

Let's shrug off today's “dividend desert” and do something most folks think is impossible.

3 Big Dividends That Could Pay You $3,410 A Month

RCS has continued to move higher in the short term, supported by an improving credit market and an 8% income stream. The fund's premium has got to levels that I personally would avoid, but many PIMCO investors seem very willing to pay these prices.

RCS: Changing Make-Up, High Premium, Still A Mixed Case

Pimco Income Opportunity Fund

We take a look at PIMCO CEF leverage and coverage numbers from April. Taxable funds saw strong growth in leverage, though it's not clear exactly why as underlying credit valuations remain historically expensive.

April PIMCO Update: Warp Speed

We discuss the leverage and distribution coverage figures of PIMCO CEFs for February.

PIMCO CEF February Update

RCS has been performing very well since 2021 began. The fund has a large amount of exposure to agency MBS. This is a sector I continue to favor and has been seeing a lot of institutional buying.

RCS: Evaluating The Good And The Bad

RCS is a relatively idiosyncratic fund in the PIMCO taxable suite, with an overweight in agencies. We take a look at some of the fund's features and try to figure out some of its more puzzling attributes.

RCS: A Look At This Higher-Quality Allocation PIMCO CEF

PIMCO Dynamic Credit and Mortgage Income Fund

The taxable PIMCO CEFs are still trading below 100% coverage thanks to the falling dollar. That could improve in January as the dollar has rebounded some. In this space, we continue to like RCS and PHK. PGP is a good S&P 500 proxy.

PIMCO CEF Suite Update: December 2020

Coverage ratios were fairly flat month-over-month but UNII values fell a bit. I'm not concerned about the distribution being cut on the taxable funds. NAV performance has been stellar across the entirety of the funds but primarily in the higher-risk funds like PHK and RCS.

PHK And RCS: What's The Latest On PIMCO Taxable CEFs?

Stone Harbor Emerging Markets Total Income Fund

Virtus AllianzGI Convertible & Income Fund

The average PIMCO taxable leverage level has fallen for the second month in a row, a rational response to credit valuations that are nearly fully priced. PIMCO CEF discount levels have recovered significantly. If we exclude funds that have cut distributions, the average premium is quite elevated.

PIMCO CEF Update - PIMCO Taps The Brakes

Quadratic Interest Rate Volatility and Inflation ETF

We review October leverage figures for the PIMCO taxable suite. We find that fund borrowings decreased slightly, possibly due to already high leverage levels and tightening underlying asset valuations.

PIMCO Leverage Update - Coming Off The Boil

Invesco DB US Dollar Index Bullish Fund

Coverage rebounded in September as the dollar rallied off the interim lows. We take a hard look at what the dollar is doing so far in October to forecast ratios. The PIMCO muni funds look fundamentally the healthiest they have been for many years now. The average coverage ratio is 106.3%.

PIMCO Closed-End Fund Update: Most Compelling Valuation Look In Some Time

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Weekly CEF And Market Commentary: Sept. 28, 2020

It seems that again the UNII report was affected by the fall in the US dollar which further reduced coverage ratios.

PIMCO Gives Investors Another Scare

RCS: Even With A Recent Cut, The Yield Still Seems Unsustainable

PIMCO Monthly Update August 2020: Coverage Scares Investors, Providing An Opportunity

News for PIMCO Strategic Income Fund Inc ETF (RCS)