PIMCO Corporate & Income Strategy Fund

Frequently Asked Questions About PCN

What does PCN invest in?

The PIMCO Corporate & Income Strategy Fund (PCN) operates as a closed-end mutual fund dedicated to fixed income investments. It is primarily overseen by Allianz Global Investors Fund Management LLC, with co-management responsibilities shared by Pacific Investment Management Company LLC. This fund focuses its investments within the U.S. fixed income landscape, allocating capital to a diverse array of debt instruments. These include U.S. Treasury obligations, corporate notes, government agency securities, and various asset-backed and mortgage-backed securities, sourced from companies spanning numerous sectors. Its portfolio is constructed using a top-down security selection methodology, underpinned by thorough fundamental analysis. Established in the United States on October 17, 2001, the fund was previously known as PIMCO Corporate Income Fund.

What is the expense ratio of PCN?

PIMCO Corporate & Income Strategy Fund (PCN) charges an expense ratio of 1.12%. This is the annual fee deducted from fund assets to cover management and operations.

What is PCN's dividend yield?

PCN's trailing-twelve-month yield is 12.63%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of PCN?

Effective duration measures PCN's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. PCN's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of PCN?

PCN's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of PCN?

Yield to maturity (YTM) is the total return you'd earn from PCN if every bond in the portfolio is held to maturity at the current price. PCN's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.