# PIMCO Income Strategy Fund (PFL): Closed-End Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/pfl for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: PIMCO · Asset class: Bond - Strategy: Actively Managed · Inception: 2003-08-27 The fund is co-managed by Pacific Investment Management Company LLC. It invests in fixed income markets across the globe. The fund invests in a diversified portfolio of floating rate debt instruments with an average duration of around three years. It employs fundamental analysis with top-down approach to create its portfolio. The fund was formerly known as PIMCO Floating Rate Income Fund. PIMCO Income Strategy Fund was formed on June 19, 2003 and is domiciled in the United States. ## Key Facts | Metric | Value | |---|---| | Price | $6.71 | | Expense Ratio | 1.29% | | Market Value | $333.7M | | NAV | Not on file (no daily NAV for closed-end funds) | | Holdings Count | — | | Distribution Yield (TTM) | 14.56% | | Annual Distribution (TTM) | $0.98 /share | | Distribution Frequency | Monthly | | 52-Week Range | $6.60 – $8.54 | | Beta | 0.54 | ## Latest Distribution - Amount: $0.0814 /share - Ex-date: 2026-10-13 - Pay date: 2026-11-02 ## Frequently Asked Questions ### What does PFL invest in? The fund is co-managed by Pacific Investment Management Company LLC. It invests in fixed income markets across the globe. The fund invests in a diversified portfolio of floating rate debt instruments with an average duration of around three years. It employs fundamental analysis with top-down approach to create its portfolio. The fund was formerly known as PIMCO Floating Rate Income Fund. PIMCO Income Strategy Fund was formed on June 19, 2003 and is domiciled in the United States. ### What is the expense ratio of PFL? PIMCO Income Strategy Fund (PFL) charges an expense ratio of 1.29%. This is the annual fee deducted from fund assets to cover management and operations. ### What is PFL's dividend yield? PFL's trailing-twelve-month yield is 14.56%, calculated from the sum of dividends over the past year divided by the current price. ### What is the duration of PFL? Effective duration measures PFL's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. PFL's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of PFL? PFL'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 PFL? Yield to maturity (YTM) is the total return you'd earn from PFL if every bond in the portfolio is held to maturity at the current price. PFL'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. ### Does PFL pay a dividend? Yes, PIMCO Income Strategy Fund (PFL) distributes dividends to shareholders. The trailing-twelve-month yield is 14.56%. Full dividend history is on this page. ### How often does PFL pay dividends? PIMCO Income Strategy Fund pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is PFL's next ex-dividend date? The most recently announced ex-dividend date for PFL was 2026-10-13. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will PFL's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.29% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does PFL charge its expense ratio? The expense ratio is deducted in tiny daily slices from PFL's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does PFL cost more than a fund like VOO? PFL is actively managed (current expense ratio 1.29%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether PFL's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to PFL? The Lower-Fee Alternatives card above lists closed-end funds following the same investment strategy as PFL (1.29%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/pfl - Distribution history: https://www.dividenddata.com/funds/pfl/dividend - Holdings & diversification: https://www.dividenddata.com/funds/pfl/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/pfl/expenses - Peer comparison: https://www.dividenddata.com/funds/pfl/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.