Entering text into the input field will update the search result below

PDO: Revisiting A Mistake I Made Last Year


  • 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.
  • While most of the fixed-income world has been hurting in 2022, PDO's discount to NAV has not offered any shelter.
  • Despite the continued poor performance of this CEF, I have been reluctant to unload. The fund's distribution is attractive, and the discount to NAV has widened to near double-digits.
  • Ultimately, this remains a fund for those who can withstand further losses while collecting generous income. I do believe a turnaround is in the cards, so I don't want to miss it, but it could be a while before that happens.
  • This idea was discussed in more depth with members of my private investing community, CEF/ETF Income Laboratory. Learn More »
Businessman On Wrong Side

DNY59/E+ via Getty Images

Main Thesis & Background

The purpose of this article is to evaluate the PIMCO Dynamic Income Opportunities Fund (NYSE:PDO) as an investment option at its current market price. This is a closed-end fund whose objective is "current income as

Please consider the CEF/ETF Income Lab

This article was written by

Dividend Seeker profile picture
CEF/ETF income and arbitrage strategies, 8%+ portfolio yields

I've been in the Financial Services sector since 2008, which unsurprisingly gives me an invaluable insight in how markets can turn. I was a D1 athlete in college (men's tennis), where I studied Finance. I also have my MBA in Finance.

My readers/followers can trust that I won't pump any investment nor discuss a topic I don't genuinely follow and research. In that spirit, I list my portfolio here for transparency

Broad market: VOO; QQQ; DIA, RSP



Dividends: DGRO; SDY, SCHD

Municipals/Debt Funds: NEA, PML, PDO, BBN


Cash position: 30%

Analyst’s Disclosure: I/we have a beneficial long position in the shares of PDO either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.