PDI: Jump From The Sinking Ship

About: PIMCO Dynamic Income Fund (PDI), Includes: AGG, PCI, PCN, PHK, PKO, SCHZ
by: Dividend Seeker
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Dividend Seeker
ETF investing, dividend investing, long-term horizon, value

PDI's distribution coverage ratio is dropping fast.

Investment income is currently making up only 50% of the fund's stated distribution.

PDI is highly leveraged, making the fund prone to large swings when rates rise.

The purpose of this article is to determine the attractiveness of the PIMCO Dynamic Income Fund (NYSE:PDI) as an investment option. To do so, I will look at recent fund performance, current holdings