PIMCO Dynamic Income Strategy Fund (PDX)

PIMCO Dynamic Income Strategy Fund is a closed-end management investment company advised by Pacific Investment Management Company (PIMCO), the Newport Beach, California-based fixed income manager. The fund was originally launched with a focus on the energy sector and was later repositioned toward a broader, multi-sector income mandate.

The fund seeks current income as its primary objective, with capital appreciation as a secondary goal. PIMCO allocates flexibly across credit markets, which can include corporate bonds, bank loans, high-yield debt, securitized and mortgage-related instruments, and other income-producing securities, along with selected equity-linked or private investments. The portfolio may hold below investment grade securities and may use leverage and derivatives to manage exposure and enhance income.

Its common shares of beneficial interest trade on the New York Stock Exchange under the ticker PDX, so their market price can differ from the value of the underlying portfolio.