CEF Holdings --- March 2026

[joejetski]

Well 1 of the top 5 or six things that have a great influence on equity values is politics. Washington chat, tariffs, taxes, deficits, rumored legislation endless talk shows etc. are constant. The whole picture has to be considered when investing.

I suppose since there’s so many initials floating around already maybe adding a W to talk about you know what. Like “I’m waiting until W gets straightened out before investing more”. Or W “is providing a great entry point at the present time”. So no real info other than that.

I think there is a difference between policy and politics. For instance the operation in Iran. The actions are the implementation of a series of foreign and military policies and planning. Politics is how individuals talk about it when related to investing (or whatever) and interject their political bias. In this day and age of polarized politics it is difficult to censor one’s political biases and provide objective commentary, but it can be done.

 

[dickoncapecod]

But Dick, don't you discount the 19a's? Just tax related. Or has something changed? Cheers, Paul

Yes, I discount them but I think there are investors who still take them seriously ---- and particularly in periods when many folks are frightened by their investments, they can impact market prices.
Regards, Dick

 

[COcheesehead]

Nothing to see here….

 

[dickoncapecod]

One month chart shows that PDI already lost about 4% including the distributions.
Remember, total returns is the only thing that counts.
To make it simple one million is worth now just $960K. I already locked in 4% YTD.

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schrts.co

Frozen and waiting? Not here. I have been doing it over 25 years.

The chart above is for PIMIX, a PIMCO traditional mutual fund, Last night, PDI's one month TR on NAV was (1.6%).
Regards, Dick
My mistake...I didn't see PDI. Can't explain the difference between FD's chart and cefdata. I'd just note that around 17.50, a 4% one month drop would be a very noticeable 70c drop (presumably including 22c distribution) which I think would imply a market price down 92c. DO I have this right? D

 

[dickoncapecod]

The chart above is for PIMIX, a PIMCO traditional mutual fund, Last night, PDI's one month TR on NAV was (1.6%).
Regards, Dick
My mistake...I didn't see PDI. Can't explain the difference between FD's chart and cefdata. I'd just note that around 17.50, a 4% one month drop would be a very noticeable 70c drop (presumably including 22c distribution) which I think would imply a market price down 92c. DO I have this right? D

Final self correction: the chart appears to be correct EXCLUDING distribution. D

 

[marget]

Final self correction: the chart appears to be correct EXCLUDING distribution. D

For my buy/sell stuff I use---not--- adjusted for dividends
BUT for holding, say, PDI, I use so many other points of information
That total return philosophy, the way it is used here, just doesn't cut it for how/why I'm invested in PDI

 

[stefansm]

Final self correction: the chart appears to be correct EXCLUDING distribution. D

PDI TR (i.e including distributions) YTD (Dec 31 2025 - Today) is 3.02%

 

[stefansm]

Excluding distributions is -0.65%

 

[GaltintheGulch]

We need an end to this war!

 

[marget]

We need an end to this war!

astrologically-----------check out the universal, even 100% of all astrological charts show the same stuff

this entire world is going to reset. Not simply changed, but 100% reset.
this world doesn't belong to us; we're visitors
there was an astrological point in April? where there was an alignment that has never happened in the history of modern memory. Some say it was many thousands of years ago that this alignment happened, but it happened before modern man, ie., homo sapiens

so think in terms of reset; that can help
steer clear of the scary stuff; don't let it mess up your mind; don't let it crush your heart

 

[Flyfish1]

Picked up some more RMM today and some NRO which has a nice discount at -8% vs 52 wk avg. of -4.8%

 

[DrVenture]

We need an end to this war!

As the lyrics from Lady In Black states so eloquently:

"But she would not think of battle, that, reduces men to animals
So easy to begin and yet impossible to end"

It is a test for those who indicate that "only the income matters". I believe there are a few here, who truly feel that way. Some may only feel that way when on a winning streak?

 

[Randy145]

As the lyrics from Lady In Black states so eloquently:

"But she would not think of battle, that, reduces men to animals
So easy to begin and yet impossible to end"

It is a test for those who indicate that "only the income matters". I believe there a few here, who truly feel that way. Some may only feel that way when on a winning streak?

You're right about it being a test, anyway. Most folks here are smart enough to believe this too will pass. Xdate for pimco et al., so a lot of red numbers will be popping up tomorrow

 

[DrVenture]

Thanks for that reminder @Randy145 No matter how much I try snd remember Ex-div dates, they often catch me by surprise.

 

[Flyfish1]

^^^^ Opportunities, opportunities, opportunities.

 

[COcheesehead]

You guys scare me. We are in reality hardly down at all. What are you going to do when the inevitable bear claws at you? Hope you have a plan.

 

[COcheesehead]

Thanks for that reminder @Randy145 No matter how much I try snd remember Ex-div dates, they often catch me by surprise.

Fidelity puts a big blue D next to a holding to designate distribution.

 

[Flyfish1]

You guys scare me. We are in reality hardly down at all. What are you going to do when the inevitable bear claws at you? Hope you have a plan.

Plan was made a decade ago. Not worried at all.

 

[COcheesehead]

Plan was made a decade ago. Not worried at all.

Me neither

 

[DrVenture]

You guys scare me. We are in reality hardly down at all. What are you going to do when the inevitable bear claws at you? Hope you have a plan.

I'll do what I always have done, buy a boatload of beaten down risk assets. I have never had more dry powder, or more potential untapped income available. I have never had less financial worry in my life. Or more patience to find the best opportunities.

I agree that we are hardly down. I consider myself positioned to go much lower, and agree that it is inevitable. I am speaking of equities too, when I say that. Obviously PMs and energy are doing just fine - the other side of the coin. As are consumer defensive and chip stocks.

 

[Randy145]

You guys scare me. We are in reality hardly down at all. What are you going to do when the inevitable bear claws at you? Hope you have a plan.

You already know what I'm going to do, buy more...always have. That doesn't mean I don't cringe and sometimes wonder what the hell am I doing here

 

[Randy145]

My best performer today...FSCO who'd a thunk. Up 13.43% on the lot I bought 3 days ago. Someone might think 3-9 was capitulation day. There will be people who want their money back at 5. If it pushes up through that, I might have to rethink the exit I have in mind.

Absolutely no real evidence and speculative here but I'm a bit suspicious a few knew about the distribution cut before it was announced. That more than the private credit bugaboo is driving my hesitancy.

 

[COcheesehead]

My best performer today...FSCO who'd a thunk. Up 13.43% on the lot I bought 3 days ago. Someone might think 3-9 was capitulation day. There will be people who want their money back at 5. If it pushes up through that, I might have to rethink the exit I have in mind.

Absolutely no real evidence and speculative here but I'm a bit suspicious a few knew about the distribution cut before it was announced. That more than the private credit bugaboo is driving my hesitancy.

If it dips big again, I’ll buy.
I sold on the big pop on Tuesday, but I still think the private credit stuff is only in third inning.

 

[Randy145]

If it dips big again, I’ll buy.
I sold on the big pop on Tuesday, but I still think the private credit stuff is only in third inning.

Well then, got 6 more to accumulate shares on the cheap. Go Rockies . (Actually I'm an Astros fan but gotta support the home team, too.)

 

[richardsok]

Although I admire all the confidence I'm reading, I have to agree with COcheese. All the popular Pimco CEFs are definitely still trending down. Iran shows no sign of tiring -- indeed the US attack might be seen as a boon for the the mullas as a way to unite their people to be even more pro-government.. Fuel prices WILL be a drag on economy. At current borrow rates, Federal debt will exceed $40 trillion well before Labor Day and bonds weakening, while preferreds funds anemic too. Inflation will be back over 3%, making further rate cuts unlikely.

Dividends, schmividends. I'll buy when indicators revert bullish. Now we'll see if Pimcos bust down through support or bounce again.