PIMCO Global StocksPLUS & Income Fund (PGP)
PIMCO Global StocksPLUS & Income Fund operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Newport Beach, CA, US. The stock last traded at $8.30, up 0.24% on the session, giving a market capitalisation of $96.2M. On trailing twelve-month figures it carries a trailing P/E of 4.66, a net margin of 77.1%. Its beta of 1.01 implies it has historically moved more than the broad market.
The PIMCO Global StocksPLUS & Income Fund (PGP) operates as a closed-end, balanced mutual fund, initially launched and managed by Allianz Global Investors Fund Management LLC, with co-management responsibilities also held by Pacific Investment Management Company LLC. This U.S.-domiciled fund, established on April 30, 2003, pursues a global investment strategy, allocating capital across both fixed income and public equity markets worldwide. It employs a sophisticated long/short approach, utilizing financial derivatives like options. In its fixed-income portfolio, PGP targets investment-grade debt securities, maintaining a low to intermediate average duration, and diversifying across mortgage-related instruments, government, corporate, and other debt from both U.S. and non-U.S. issuers, including emerging market bonds. Concurrently, the fund invests in common stocks of companies spanning various sectors.
PIMCO Global StocksPLUS & Income Fund is most often compared with the following Financial Services names: