PFN

PIMCO Income Strategy Fund II (PFN) is a diversified, closed-end management investment company managed by Pacific Investment Management Company LLC (PIMCO). The fund seeks to provide high current income as its primary objective, with capital appreciation as a secondary objective. PFN invests primarily in a diversified portfolio of fixed-income instruments of varying maturities, including government securities, corporate debt, mortgage-backed securities, and other income-producing securities. The fund employs active management strategies and may utilize derivative instruments to enhance returns and manage risk exposures. As a closed-end fund, PFN trades on the New York Stock Exchange with a fixed number of shares, which can result in the market price trading at a premium or discount to its net asset value. The fund typically employs leverage through reverse repurchase agreements and borrowings to seek to enhance distributable income and returns, though this strategy also increases risk and volatility. PIMCO, the fund's adviser, is one of the world's largest fixed-income investment managers with extensive expertise in global bond markets. PFN makes monthly distributions to shareholders, attracting income-focused investors seeking regular cash flow. The fund's portfolio composition and strategy are adjusted based on PIMCO's macroeconomic outlook and market conditions, allowing for tactical positioning across various fixed-income sectors and duration exposures.