markets · · seekingalpha.com
PAXS: Widening Discount To NAV And Higher Dividend Yield As Fixed Income Gets Disrupted
PIMCO Access Income Fund faces heightened volatility amid surging Treasury yields and persistent inflation, currently yielding 13.85% at a 7.4% discount to NAV. PAXS maintains strong distribution coverage, with a 3-month rolling coverage ratio of 106% and a 6-month ratio of 111%, supporting near-term distribution safety. The fund's portfolio is positioned to cycle into higher rates, with 26.91% maturing within a year and 38.05% in one to five years, reducing rate sensitivity.
PIMCO Access Income Fund faces heightened volatility amid surging Treasury yields and persistent inflation, currently yielding 13.85% at a 7.4% discount to NAV. PAXS maintains strong distribution coverage, with a 3-month rolling coverage ratio of 106% and a 6-month ratio of 111%, supporting near-term distribution safety. The fund's portfolio is positioned to cycle into higher rates, with 26.91% maturing within a year and 38.05% in one to five years, reducing rate sensitivity.
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