PIMCO Income Strategy Fund
PFL
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Joshua D. Ratner
- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 650 Newport Center Drive Newport Beach CA United States of America 92660
- IPO Date
- Aug 27, 2003
- CIK
- 0001244183
- Website
- allianzinvestors.com
- Similar Companies
- Business
- PIMCO Income Strategy Fund (NYSE: PFL) is a closed-end fixed income mutual fund that seeks high current income, consistent with the preservation of capital, by investing in a diversified portfolio of floating- and fixed-rate debt instruments; these include floating-rate loans, catastrophe and other event-linked bonds, bank capital securities, unsecured bank loans, corporate bonds and other debt securities, and money market instruments. The fund employs fundamental analysis with a top-down approach and may invest a substantial portion of its floating-rate assets in floating-rate loans, with an average duration of around three years; its benchmark is the ICE BofA US High Yield Index TR USD. Launched on June 19, 2003, as PIMCO Floating Rate Income Fund and later renamed PIMCO Income Strategy Fund, it is managed by Allianz Global Investors Fund Management LLC and co-managed by Pacific Investment Management Company LLC (PIMCO), with current portfolio managers Alfred T. Murata, Giang Bui, and Mohit Mittal; the fund is domiciled in the United States with administrative operations linked to PIMCO's headquarters at 650 Newport Center Drive, Newport Beach, California. PIMCO Income Strategy Fund operates within the asset management industry, targeting income-focused investors such as individuals and institutions seeking yield from global fixed income markets, with shares traded on the New York Stock Exchange. In recent developments, as of the first quarter of 2025, hedge fund and institutional ownership increased to 69 holders with $57.7 million invested, reflecting 10 new positions opened, 31 increases, and only 11 reductions amid 182% more repeat investments than reductions; additionally, in July 2025, analyses highlighted the fund's solid income profile with a 12.1% dividend yield and conservative leverage, though sensitive to interest rate changes following rate cuts. The fund maintains monthly distributions with consistent coverage history, trading at a slight premium to NAV as of late 2025, and continues to emphasize portfolio resilience in a multi-sector income strategy amid evolving market conditions.