PIMCO Update | July 2024 | Valuations Remain Contained. PHK And PFN Look Good.

PIMCO released their monthly UNII report. Same story. Coverage was driven lower by a lower dollar versus the pound and euro. Some value is emerging again in the PIMCO funds with premiums inching lower in the last month.

The short of it is that PDI is near fairly valued but other funds are cheaper. For instance, PHK and PFN remain low premium funds having…