In plain terms — PIMCO Dynamic Income Strategy Fund
Shares currently cost about 11.4% less than the value of the assets behind them (a discount).
Over the past year it has averaged a 9.9% discount.
It pays regular distributions worth about 9.1% a year of the share price (8.1% of the assets). That is a payout rate, not a return: part of it may be capital being handed back, and a one-off special payment in the last year is excluded from the regular rate.
Because the shares trade below the value of their assets, each dollar of reinvested distributions buys about $1.13 of assets — a ReinvestCapture™ rate of 10.3%, more than the payout rate itself. That is buying power, not a return.
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Price and NAV, past year
Snapshot
Valuation vs. history
| Window | Average prem/disc | Std. dev. | Z-score | Observations |
|---|---|---|---|---|
| 3 months | -9.69% | 1.23% | -0.26 | 54 |
| 6 months | -9.76% | 1.09% | -0.23 | 105 |
| 1 year | -9.86% | — | — | 122 |
| 3 years | -9.85% | — | — | — |
| 5 years | -9.85% | — | — | — |
Current contemporaneous premium/discount -10.01% (close Oct 14, 2026 vs NAV Oct 13, 2026). 1-year range -12.62% to -7.56%. A negative Z-score means a wider discount than the window average — not that the fund is undervalued.
Performance
| Series | 1M | 3M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) |
|---|---|---|---|---|---|---|
| Market price return | -5.87% | -6.14% | +5.91% | -10.85% | +1.43% | +8.58% |
| Market price total return | -5.17% | -4.27% | +13.01% | +11.75% | +14.49% | +19.47% |
| NAV return | -2.94% | -3.23% | — | — | — | — |
| NAV total return | -2.29% | -1.47% | — | — | — | — |
Through Oct 14, 2026. Total return reinvests distributions at the series value on the ex-date. Cumulative ≤ 1 year, annualised beyond.
About the fund
PIMCO Energy & Tactical Credit Opportunities Fund engages as a non-diversified, limited term closed-end management investment company. Its objective is to is to seek total return, with a secondary objective to seek to provide high current income. It focuses on investments linked to the energy sector and investments linked to the credit sectors. The company was founded in 2018 and is headquartered in New York, NY.
CEF Explorer research page for PIMCO Dynamic Income Strategy Fund. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.