Four Closed-End Funds You Can Count On

The Pimco Income Opportunity Fund (PKO) - Get Report currently trades at a five percent discount to its net asset value, even though it has traded at a one percent premium on average over the past five years. Jim Robinson, portfolio manager of the Robinson Opportunistic Income Fund RBNAX, said he does not expect that discount to last too long. 'Because of Pimco's superior brand and fund management, their funds have historically traded at premiums and this one trades at a discount,' said Robinson about the PKO, which invests in high yield taxable bonds and has a distribution yield of 11 percent.