PDX: Upgrading Back To A Strong Buy As The Discount Widens PIMCO Dynamic Income Strategy Fund is up...

PDX: Upgrading Back To A Strong Buy As The Discount Widens PIMCO Dynamic Income Strategy Fund is upgraded to a strong buy as its 11.10% discount to NAV is compelling versus historical and peer averages. PDX's portfolio remains heavily weighted to pipelines (22%), equities (25%), and high-yield credit (25%), with leverage at 28% via REPO borrowing. While PDX is unlikely to match S&P 500 returns, its risk-adjusted outlook is favorable versus fixed income, especially given the current discount.