PIMCO CEF Update | March 2021

Summary

• UNII levels among the taxable funds did improve along with coverage ratios. But that was largely due to currency movement and higher effective yields.

• We think that will reverse in April as currency takes a hit and the BofA HY Effective yield has fallen to new lows.

• We still like PIMCO High Income (PHK), PIMCO Strategic Income (RCS), and the PIMCO …