PIMCO Corporate & Income Strategy Fund (NYSE: PCN) is a closed-end investment company advised by Pacific Investment Management Company LLC (PIMCO). Since its inception in February 2007, the fund has sought to provide investors with a high level of current income and the potential for capital appreciation. It pursues its objectives by investing across a wide spectrum of debt instruments, including investment-grade and lower-rating corporate bonds, mortgage- and asset-backed securities, and other income-oriented fixed-income assets.
The fund’s portfolio is structured to offer diversified exposure to both U.S. and international credit markets. In addition to traditional corporate debt, PCN may allocate to convertible securities, hybrid instruments and select emerging-market debt, allowing it to capitalize on income opportunities across geographies and sectors. The fund may also employ leverage to enhance yield potential, consistent with its conservative risk-management framework.
PIMCO Corporate & Income Strategy Fund benefits from the extensive global research capabilities and risk-management infrastructure of PIMCO, a firm founded in 1971 and headquartered in Newport Beach, California. PIMCO’s investment platform spans more than a dozen offices worldwide, providing local and country-specific insights that inform the fund’s credit selection and duration management.
The fund is managed by PIMCO’s dedicated corporate credit team, comprised of seasoned portfolio managers and credit analysts. Under the broader leadership of PIMCO’s executive team—including CEO Emmanuel Roman and Group Chief Investment Officer Dan Ivascyn—the team combines fundamental credit research with top-down macro analysis to position PCN’s portfolio for evolving market conditions. This collaborative approach aims to deliver consistent income generation while navigating credit and interest-rate environments for long-term investors.
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