PAXS: Dividend Is Supported, But Underperforms PIMCO Peers [Seeking Alpha]
PIMCO Access Income Fund (PAXS)
Company Research
Source: Seeking Alpha
PAXS offers an 11.2% dividend yield, supported by recent earnings, but leverage and high-yield credit exposure heighten interest rate sensitivity. The fund trades at a 3.49% premium to NAV, above its historical average, raising valuation concerns in the current environment. PAXS may outperform if interest rates decline, but rate cut delays or elevated rates could drive underperformance versus peer PIMCO funds. PM Images/DigitalVision via Getty Images Overview PIMCO Access Income Fund ( PAXS ) operates as a closed-end fund that aims to provide attractive total returns and income generation from its diverse portfolio of credit investments. Unlike traditional equities, funds like PAXS do not This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not r
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