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.

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

PIMCO Dynamic Income Fund

PIMCO Dynamic Income Opportunities Fund

PIMCO Income Strategy Fund

PIMCO Income Strategy Fund II

Pimco High Income Fund

Pimco Municipal Income Fund

Pimco Municipal Income Fund II

Pimco Municipal Income Fund III

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

Allspring Income Opportunities Fund

Pioneer High Income Trust

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 Global Stockplus & Income Fund

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

Pimco California Municipal Income Fund II

Pimco New York Municipal Income Fund II

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

PIMCO Corporate & Income Opportunity 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

PCM Fund

PIMCO Corporate & Income Strategy Fund

Pimco California Municipal Income Fund

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

BlackRock Muni Bond Trust

Brandywine Global Income Opportunities Fund Inc

Western Asset Mortgage Opportunity Fund

Flaherty & Crumrine Total Return Fund Inc

First Trust Intermediate Duration Preferred & Income Fund

Invesco High Income 2023 Target Term Fund

Cohen & Steers Ltd. Duration Preferred & Income Fund, Inc.

Putnam High Income Securities Fund

Putnam Premier Income Trust

RiverNorth Opportunities Fund, Inc.

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

PIMCO CEF Coverage July Update

We think too much is being made of the lower coverage in the UNII report and that those ratios tend to ebb and flow over time.

Nothing To Worry About With PIMCO Taxable CEFs

Further Deleveraging Across PIMCO Taxable CEFs

RCS: Be Careful Not To Overpay Right Now

BlackRock Credit Allocation Income Trust

Pimco New York Municipal Income Fund

Pimco California Municipal Income Fund III

CEF Report January 2020 | PIMCO Chops Its Muni CEFs Again, And It's Not Done Yet

News for PIMCO Strategic Income Fund Inc ETF (RCS)