PFL And PTY: We Are Entering The Final Meltdown Phase

Jun. 12, 2022 8:00 AM ETPIMCO Income Strategy Fund (PFL), PTYCNC, PFN, PDI, PDO146 Comments


  • We told you to listen to your chart and avoid these funds.
  • The returns have been anemic since then.
  • We are likely now getting to the final selloff stage and one of these looks worse than the other.
  • Looking for option income ideas that focus on capital preservation? I offer this and much more at my exclusive investing ideas service, Conservative Income Portfolio. Learn More »

Close-up Of A Businesswoman"s Hand Stopping Falling Blocks

AndreyPopov/iStock via Getty Images

When we last covered PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) and PIMCO Income Strategy Fund (NYSE:PFL), we told you why the funds offered a rather poor return outlook and investors

Data by YCharts

PTY and PFL return NAV
Data by YCharts

PTY and PFL price
Data by YCharts

US wage inflation


US high yield CCC

Seeking Alpha Article Sep 3, 2021

US high yield CCC or below option adjusted spread
Data by YCharts

PTY and PFL discount or premium to NAV
Data by YCharts

US record low junk bond coupon

Bond Value

7 year treasury rate
Data by YCharts

CNC bond


S&P 500 equity risk premium


PFL and PTY discount or premium to NAV
Data by YCharts

PFL and PTY total return NAV
Data by YCharts

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This article was written by

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Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. 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.

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