PIMCO Dynamic Income Fund (PDI)

Profile

https://us.allianzgi.com/Products/pages/631.aspx

PIMCO Dynamic Income Fund is a closed-end investment fund designed to generate current income as its primary goal, with capital appreciation as a secondary objective. Managed by Pacific Investment Management Company (PIMCO), the fund employs a dynamic asset allocation strategy that spans multiple fixed income sectors across global credit markets. Its portfolio includes a diverse mix of corporate and government debt, mortgage-backed securities, asset-backed securities, taxable municipal bonds, and other income-producing instruments from both U.S. and international issuers, including those in emerging markets. The fund is non-diversified, meaning it can concentrate its holdings and take focused positions in select sectors. Notable features of the PIMCO Dynamic Income Fund include the use of derivatives for income generation, leveraging strategies to potentially enhance returns, and exposure to a broad range of credit qualities, from investment grade to high-yield securities. The fund regularly pays monthly distributions and is managed by a team of experienced portfolio managers, reflecting PIMCO’s active approach to navigating interest rate, credit, and market risks. It plays a significant role for investors seeking diversified income streams and broad fixed-income exposure within the closed-end fund universe.