PIMCO March 2025 Update | PDI Gets Rich, PAXS/PFN/PHK Cheaper
Summary
I recommended swapping PDX for PDI in December, resulting in a 7.8% return for PDI versus a -10.4% decline for PDX.
PIMCO's taxable funds show strong coverage ratios, while tax-free funds have stable UNII and no expected distribution cuts or raises.
PIMCO has reduced leverage significantly, indicating a risk-off approach, with notable declines in b…
Keep reading with a 7-day free trial
Subscribe to Yield Hunting to keep reading this post and get 7 days of free access to the full post archives.