PIMCO Update | May 2025 | Valuations Remain Compelling, NAVs Resilient

My largest positions (in order): PTY, PCN, PDI, PHK

The PIMCO CEFs continue to shine and we are currently over-allocated given the opportunity that presented itself last month. We will delve into the funds and how they are allocated, an update on leverage which appears to have been timed perfectly by the firm, as well as valuations.

Quick Coverage Update