PCM: Underlying Holdings Could Justify Premium Price [Seeking Alpha]
PCM Fund, Inc. (PCM)
US:NYSE Investor Relations:
pimco.com/en-us/investments/closed-end-funds/pcm-fund-inc
Company Research
Source: Seeking Alpha
Seeking Alpha PCM: Underlying Holdings Could Justify Premium Price Oct. 30, 2019 6:38 AM ET | About: PCM Fund (PCM) by: Dividend Seeker ETF investing, dividend investing, long-term horizon, value Summary PCM has performed modestly well since my last review. The fund has changed its portfolio composition quite dramatically in 2019. The fund now holds mostly non-agency RMBS, which I am bullish on. The fund's income metrics are a bit weak, and the premium to NAV is quite high at current levels. This suggests limited upside opportunity. Main Thesis The purpose of this article is to evaluate the PCM Fund, Inc. ( However, I believe caution is still warranted. The fund's valuation remains high, to the point where I still believe patient investors will find better entry points in the near-term. Additionally, the fund's income metrics remain weak. PCM now has negative UNII, and coverage ratios that have not improved much since my last review. Therefore, I see both positives and negatives fo
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Sec Filings
- 3/5/24 - Form N-CSRS
- 2/27/24 - Form NPORT-P
- 2/5/24 - Form 3
- PCM's page on the SEC website