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Pimco Corporate & Income Strate Message Board

  • jforuus jforuus Jun 4, 2013 8:00 AM Flag

    Where is the capital preservation? hahahhaha!!!

    You have to start living up to your fund description. Which they clearly do not.

    Please share such topics of conversation with others at the dinner table.

    "PIMCO Corporate & Income Strategy Fund (the Fund), formerly PIMCO Corporate Income Fund, is a closed-end exchange traded management investment company. The Fund seeks high current income, with a capital preservation and appreciation. The Fund invests at least 80% of its total assets in a combination of corporate debt obligations of varying maturities, other corporate income-producing securities, and income-producing securities of non-corporate issuers, such as the United States Government securities, municipal securities and mortgage-backed and other asset-backed securities issued on a public or private basis. The Fund uses a dynamic asset allocation strategy. Allianz Global Investors Fund Management LLC serves as the Fund's investment manager, and the sub-adviser is Pacific Investment Management Company LLC (PIMCO)."

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14.80+0.18(+1.23%)May 27 4:00 PMEDT