Yield Hunting

Yield Hunting

Share this post

Yield Hunting
Yield Hunting
PIMCO March 2025 Update | PDI Gets Rich, PAXS/PFN/PHK Cheaper

PIMCO March 2025 Update | PDI Gets Rich, PAXS/PFN/PHK Cheaper

Yield Hunting's avatar
Yield Hunting
Mar 11, 2025
∙ Paid

Share this post

Yield Hunting
Yield Hunting
PIMCO March 2025 Update | PDI Gets Rich, PAXS/PFN/PHK Cheaper
Share

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.

Already a paid subscriber? Sign in
© 2025 Yield Hunting
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share