PIMCO Income Strategy Fund (NYSE: PFL) is a closed-end management investment company that seeks to provide high current income, with a secondary objective of capital appreciation. The fund pursues its objectives by investing primarily in a diversified portfolio of fixed-income securities issued by governments, corporations and other entities around the world. Its investment approach combines rigorous credit research, active duration management and selective use of derivatives to enhance yield and manage risk.
The fund’s portfolio spans multiple sectors and geographies, including investment-grade and high-yield corporate bonds, mortgage- and asset-backed securities, bank loans and emerging market debt. PFL may also allocate to convertible securities, non-U.S. sovereign debt and structured credit products, depending on market conditions. Derivative instruments such as futures, options and interest rate swaps are employed tactically to adjust interest rate exposure, hedge currency risk and seek incremental return without altering core credit allocations.
PFL is managed by Pacific Investment Management Company LLC (PIMCO), a global investment manager founded in 1971 and headquartered in Newport Beach, California. PIMCO has established a presence in major financial centers across the Americas, Europe and Asia, serving a broad client base of institutions, financial intermediaries and individual investors. The firm is known for its active, research-driven approach to fixed income and has played a pioneering role in the development of many bond market strategies.
The fund’s day-to-day portfolio oversight is conducted by a team of experienced fixed-income professionals at PIMCO, supported by dedicated credit analysts, traders and risk managers. A board of independent directors provides governance and supervisory oversight to ensure alignment with shareholder interests. PFL offers investors access to PIMCO’s deep fixed-income expertise through a single, closed-end fund structure designed to navigate changing market environments and seek attractive income opportunities.
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