Wyy are you acting like a baby? I could also show a period where PTY is highest in history
As I said, the purpose is to show other people, not you (we all know you love CVX), the consistent performance over a long period of time. And they can make their choice.
PTY is managed by PIMCO. Purely fom investment strategy perspective, they are not much different from other income funds, which means they are primarily investing in government bond, corporate bond, CMBS, Muni, MBS, etc. They use leverage just like many other high-yield income fund, which means higher risk.
However, PIMCO is considered as one of the best, if not the best, asset management firm. I have a few PIMCO CEFS (closed end fund), but only mention PTY here due to its 20 years consistent performance (never cut dividend in 20+ years of history), with arguably the best fund management team on the market.
PIMCO also has other CEFs that give even higher yield but I dont feel comfortable mentioning them due to their shorter history
Yes， PTY's premium to NAV is among highest in industry
This is due to its flagship position and investors over the years have been paying a premium. It has come down over last year compared to its historical average due to Fed tightining.
As for management fee, consider it as operating cost of running the fund. You still get 10% dividend as distribution is paid and calculated after they take out operating expenses (including management fee) from the income.
Of course, you could argue that if the management fee is lower, you would have had higher dividend payout, but 10% is already pretty good
Wyy are you acting like a baby? I could also show a period where PTY is highest in history
As I said, the purpose is to show other people, not you (we all know you love CVX), the consistent performance over a long period of time. And they can make their choice.
而且是在中东和欧洲都有战争的情况下。最近美元也不强。连黄金都涨的不错。原油YTD 2%. Brend, negative.
前景不妙啊。
5米油股： 一年18万分红（扣除税收）
5米房子净值：一年房租纯收入肯定高于25万
PTY is managed by PIMCO. Purely fom investment strategy perspective, they are not much different from other income funds, which means they are primarily investing in government bond, corporate bond, CMBS, Muni, MBS, etc. They use leverage just like many other high-yield income fund, which means higher risk.
However, PIMCO is considered as one of the best, if not the best, asset management firm. I have a few PIMCO CEFS (closed end fund), but only mention PTY here due to its 20 years consistent performance (never cut dividend in 20+ years of history), with arguably the best fund management team on the market.
PIMCO also has other CEFs that give even higher yield but I dont feel comfortable mentioning them due to their shorter history
https://www.morningstar.com/cefs/xnys/pty/portfolio
估计他们有一套高抛低吸的算法。
当然管理费高也忍了，他们可能真有什么诀窍，能够常年超过被动基金。
This is due to its flagship position and investors over the years have been paying a premium. It has come down over last year compared to its historical average due to Fed tightining.
As for management fee, consider it as operating cost of running the fund. You still get 10% dividend as distribution is paid and calculated after they take out operating expenses (including management fee) from the income.
Of course, you could argue that if the management fee is lower, you would have had higher dividend payout, but 10% is already pretty good
地主大佬纯5%还做不到？你就老盯着秦王，他那地方房子死贵，现金流就不如以前好。不用比，适合自己的就好。
多写的有营养的贴，既然退休了就该enjoy，咋活得更好,活得有智慧，大家都跟你学
But PIMCO never cut divident in any of their CEFs. Hence market is demanding a premium on their CEFs
What is more important is how current premium is compared to their historical average.
I am not familiar with PDO, but I hold PDI and PCN. However, these CEFS have less history than PTY so I dont want to talk about them
所有公司都能喘口气了。
您是指他们生意会少？