I think PDI, the ETF version of PIMIX bond fund, is a buy (assuming interest rates dont zoom up again soon and one wants some bond exposure.) PDI has been beaten up by the recent rise in rates such that it now has a Distribution Rate of 7.54% and trades at nearly 7% discount to asset value.
Current $28.17 $30.27 -6.94%
Share Price versus Net Asset Value:
52 Wk Avg discount: -0.73%
52 Wk High: +3.96%
52 Wk Low: -11.42%
Distribution Rate 7.54%
Thoughts?
Comments
Junkster,
I need to stay with Vanguard or on a Vanguard Brokerage platform. I am in OSTIX and pleased. I like the tamer junk and am thinking about VWEAX. However the duration is 4.9 years. I could add to OSTIX.
Any thoughts?
Mona
I continue to like and own PDI, which I purchased for an average 8.5% discount to NAV. Dan Ivascyn is one of the brightest stars at PIMCO, and he has more tools available at his CEF than he does at PIMIX.
Kevin