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PIMCO Income Strategy Fund II
Ticker Symbol: PFN CUSIP: 72201J104 Exchange: NYSE
Company's Online Profile
FUND DESCRIPTION: PIMCO Income Strategy Fund II is an exchange-traded closed-end fund or a closed-end ETF which is officially described in its prospectus as a non-diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The PIMCO Income Strategy Fund II seeks high current income, consistent with the preservation of capital. FUND STRATEGY: The Fund is actively managed in accordance with top down short-term (cyclical) and longer-term (secular) economic outlook, using strategies that focus on credit quality analysis and risk management techniques. In selecting investments for the Fund, PIMCO, the Fund's sub-advisor, attempts to identify floating- and/or fixed-rate debt instruments that provide high current income through fundamental research, driven by independent credit analysis and proprietary analytical tools. Investment decisions are based primarily on PIMCO’s assessment of the issuer’s credit characteristics and the position of the particular security in the issuer’s capital structure, in light of the outlook for particular industries, the economy and the market generally. At the same time, a variety of techniques may be used, such as credit default swaps, designed to control risk and to minimize the Fund’s exposure to issues that are more likely to default or otherwise to depreciate in value over time and to detract from the Fund’s overall return to investors. The Fund may invest without limit in debt securities that are, at the time of purchase, rated below investment grade or that are unrated but judged to be of comparable quality. The Fund may invest in issuers of any credit quality (including debt securities in the lowest ratings categories and securities that are in default or the issuers of which are in bankruptcy) if it is determined that the particular security offers an attractive yield relative to its risk profile. The Fund will not invest more than 20% of its total assets in securities that are, at the time of purchase, rated CCC/Caa or lower by each agency rating the security or that are unrated but judged by PIMCO to be of comparable quality. Debt securities of below investment grade quality are regarded as having predominantly speculative characteristics with respect to capacity to pay interest and to repay principal, and are commonly referred to as high yield securities or junk bonds. Debt securities in the lowest investment grade category also may be considered to possess some speculative characteristics by certain rating agencies. The Fund’s credit quality policies apply only at the time a security is purchased, and the Fund is not required to dispose of a security in the event that a rating agency or PIMCO downgrades its assessment of the credit characteristics of a particular issue. PIMCO relies heavily on its own analysis of the credit quality and risks associated with individual debt instruments considered for the Fund, rather than relying exclusively on rating agencies or third-party research. In the case of floating-rate loans in which the Fund may invest. FUND MANAGEMENT: Allianz Global Investors Fund Management LLC, an indirect, wholly-owned subsidiary of Allianz Global Investors of America L.P., serves as the Funds' investment manager and is a member of Munich-based Allianz Group (NYSE:AZ). Pacific Investment Management Company LLC (PIMCO), an Allianz Global Investors Fund Management affiliate, serves as the Funds' sub-adviser.
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IPO - 10/27/2004 - 37.00 Million Shares @ $20.00/share.
Link to IPO Prospectus
Previous Name: PIMCO Floating Rate Strategy Fund Changed: 3/01/2010
Mid Cap Stock -
Market Value $617.0 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 840 Newport Center Drive, Suite 100, Newport Beach, CA 92660 |
| Main Phone Number |
949-720-6000 |
| Fax Number |
949-720-1376 |
| Investor Contact
Christoph Hofmann
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800-285-4086
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| Toll Free Phone Number |
888-746-2602 |
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