PIMCO Income Strategy Fund Shares of Beneficial Interest
Find Ratings Reports- Last Ratings Update:02/29/2024
- Price as of 02/29/2024 :$8.48
- Net Assets:$296.53 Million
- NAV:$8.09
- Premium4.82%
- Peer Rank:27 of 28
- Investment Rating:D+
- Performance:C-
- RiskC
We rate PIMCO Income Strategy Fund at D+. Negative factors that influence this rating include a high expense structure. The fund invests approximately 72% of its assets in bonds and may be considered for investors seeking a Loan Participation strategy.
Total return ranks below peers over the last three years. The PIMCO Income Strategy Fund has returned an annual rate of 6.32% since inception. More recently, the fund has generated a total return of 4.73% in the last five years, -0.02% in the last three years, and 10.48% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 46% of them. It has also outpaced 36% of its competitors on a three year basis and 51% of them over the last year for the period ending 2/29/2024. On a year to date basis, PFL has returned 2.38%.
Downside risk has been above average. PFL has a draw down risk of -44.98%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 17.7%. This fund has had moderate volatility in its monthly performance over the last 36 months.
High expense ratio hinders performance. On total assets of $296.53 million, PFL maintains a high expense ratio compared to its Loan Participation peers of 2.81% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As PFL is a closed end fund, it has no front end or back end load.