PIMCO Dynamic Income Opportunities Fund

PIMCO Access Income Fund

PIMCO Dynamic Income Fund

We provide a September update for the PIMCO CEF taxable and Municipal suites. The taxable suite has continued to deleverage except for PAXS which looks to have reached its target leverage of 48%.

PIMCO CEF Update: Swaps Have Become An Income Headwind For Taxable Funds

XAI Octagon Floating Rate & Alternative Income Term Trust

PDO and XFLT have portfolios invested in debt securities but focus on two different areas of that market. PDO has a multi-sector bond fund approach, with XFLT investing heavily in senior loans and CLOs.

PDO And XFLT: 2 Closed-End Funds Worth A Look

BlackRock Enhanced Equity Dividend Trust

Blackrock Health Sciences Trust

BlackRock Science & Technology

BlackRock Science and Technology Trust II

John Hancock Tax-Advantaged Dividend Income Fund

Cohen & Steers Tax-Adv Pref Secs and Inc Fund

Cohen & Steers Reit And Preferred Income Fund Inc

Cohen & Steers Infrastructure Fund Inc

Reaves Utility Income Fund

The volatility had continued since earlier this year when we last looked at my top ten CEFs. With closed-end fund discounts widening, there seem to be more opportunities in the space overall.

My Top 10 Closed-End Fund Holdings: October 2022

PDO is a closed-end fund that allows investors to partake in globally diversified fixed income investment opportunities. However, 2022 has not been a good year for PDO. Despite having PIMCO's fixed income pedigree, PDO posted a YTD total return of -27%, reflecting the carnage in fixed income securities.

PDO: Still Not Ready To Pull The Buy Trigger

This is a buyers' stock market. We identify two discounted CEFs that are well-positioned for rising rates.

2 Fat Yields For My Retirement Portfolio: PAXS And PDO

Western Asset Mortgage Opportunity Fund

Angel Oak Financial Strategies Income Term Trust

Nuveen Preferred & Income Term Fund

The price action in the CEF market has been brutal over the month of September. We highlight some of the broader CEF market indicators to place the current drawdown in context.

CEF Market Update: Where Things Stand In This Drawdown

Apollo Senior Floating Rate Fund

Apollo Tactical Income Fund, Inc.

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Western Asset Diversified Income Fund

We review CEF market valuation and performance through the third week of September and highlight recent market action. CEFs had a tough week due to an upside surprise in inflation which pushed nearly all assets lower.

CEF Weekly Review: Why Rising Leverage Costs Are Not To Blame For Low Returns

Despite owning PDO, I have been reluctant to add to my position since last year after being burned. The fund has continued to struggle since my May review, but I now believe brighter days may be ahead.

PDO: This Skeptical Mind Does See Some Upside Potential

I like to add closed-end funds trading at a discount to NAV to my portfolio. PIMCO is one of the premier fixed-income institutions with presumably great insights into interest rate developments.

PDO: Enterprising Fixed Income Fund At A 3.46% Discount To NAV

AllianceBernstein Global High Income Fund Inc

BlackRock Credit Allocation Income Trust

Nuveen S&P 500 Buy-Write Income Fund

DoubleLine Income Solutions Fund

Eaton Vance Tax-Managed Buy-Write Opportunities Fund

Eaton Vance Tax-Managed Diversified Equity Income Fund

Eaton Vance Limited Duration Income Fund

Eaton Vance Tax-Managed Global Diversified Equity Income Fund

Aberdeen Asia-Pacific Income Fund Inc

First Trust Intermediate Duration Preferred & Income Fund

Highland Income Fund

BlackRock Corporate High Yield Fund

Nuveen Preferred & Income Opportunities Fund

Nuveen Preferred & Income Securities Fund

Nuveen Credit Strategies Income Fund

Virtus Dividend Interest & Premium Strategy Fund

After the Fed hiked interest rates for the fourth time this year, closed-end fund investors may wonder how their income will be affected. Past cycles have shown that valuations fall ahead of time in anticipation of rising rates.

Income Opportunities: CEFs And Rising Rates

Oxford Lane Capital

PIMCO Corporate & Income Opportunity Fund

July is a month of celebrations. Does your portfolio give you something to celebrate? You deserve to be paid for being a shareholder and part owner of a business.

2 Bargains 'With Fat Yields' To Buy In July

Fixed income markets are down double-digits so far in 2022 with no place to hide. PDO, which offers broad exposure to multiple segments of higher yield fixed income markets, has fallen along with the indexes.

PIMCO Dynamic Income Opportunities Fund - What Now?

PDO hiked its NAV distribution rate by 8%, now boasting a current yield of 10.77% as of this writing. The hike didn't catch our readers by surprise, as we've been discussing the fund's comically high coverage and UNII levels for months.

PDO: Consequences Of The Distribution Hike And Our Outlook

Bonds have been selling off due to higher interest rates. PDO has been selling off faster than its NAV.

PDO: Strong Distribution Coverage Leads To A Boost

PIMCO taxable CEF valuations have fallen sharply this year, underperforming the broader CEF space. We discuss some of the key drivers of PIMCO CEF valuations relative to the broader CEF market as well as within the suite.

PIMCO CEF Update: What's Driving Discounts Right Now?

PIMCO Dynamic Income Opportunities Fund has two investment goals: high current income, then capital appreciation. PDO benchmarks against the ICE BofA US High Yield Index. PIMCO Access Income Fund has the same objectives as its sister CEF. Also in common is their multi-sector strategy, young age, and both currently selling below their NAVs.

PDO And PAXS: PIMCO Taxable Fixed Income CEFs Trading At A Discount

Last year I moved into a newly created PDO. The fund had seen some weakness and had a relatively reasonable valuation. Despite being cheaper than most of the PIMCO CEF family, PDO has failed to deliver.

PDO: Revisiting A Mistake I Made Last Year

PDO focuses on high yield bonds. The fund offers investors a strong, fully-covered 8.7% distribution yield, at a compelling price and discount to NAV.

PDO: Strong 8.7% Yield, Market-Beating Returns, Low Interest Rate Risk

How much income does your portfolio generate? You can sprinkle in these picks and make it even higher.

Absurd, Outrageous, And Fully Covered: 8%-Plus Yields Are Available

The PIMCO Dynamic Income Opportunities Fund is selling at a 5.4% discount to net asset value, which is rare for a PIMCO closed end fund.

PDO: Well-Covered 8.3% Yield At A Discount

Ares Dynamic Credit Allocation Fund

Barings Global Short Duration High Yield Fund

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund Inc

We review CEF market valuation and performance through the fourth week of March and highlight recent market action.

CEF Market Weekly Review: Do Investors Need To Worry About Deleveraging

Nuveen Mortgage Opportunity Term Fund

New York Mortgage Trust

New York Mortgage Trust, Inc. Cum Conv Perp Red Pfd Registered Shs Series D

Two Harbors Investment

Many income portfolios are heavily overweight corporate risk whether through equity or credit-linked securities. Consumer-facing risk offers diversification and good value.

7-8% Yielding Consumer-Linked Assets Worth A Look In This Market Environment

We have stubbornly refused to buy into the hype of PTY and PDO.

PDO And PTY: Trade The Trounce But Fade The Bounce

Flaherty & Crumrine Preferred Securities Income Fund Inc

We review CEF market valuation and performance through the fourth week of February and highlight recent market action.

CEF Market Weekly Review: The Impact Of A Flatter Yield Curve On CEFs

Coverage ratios and UNII levels for most of the taxable PIMCO funds look very compelling here.

News for PIMCO Dynamic Income Opportunities Fund ETF (PDO)