PIMCO Income Strategy Fund II
PIMCO Income Strategy Fund II is a closed-end fixed income fund that aims to provide high current income while emphasizing capital preservation. The fund uses a multi-sector approach across a broad range of debt instruments, including corporate bonds, floating-rate loans, asset-backed securities, mortgage-related securities, sovereign debt, and other income-producing credit assets. It has the flexibility to shift among investment-grade and below-investment-grade securities, allowing it to adapt to changing credit conditions and interest-rate environments. Managed by PIMCO, the fund relies on active credit selection, duration management, and broad diversification across issuers, industries, and sectors. PIMCO Income Strategy Fund II serves investors seeking diversified exposure to taxable fixed income markets through a professionally managed portfolio with monthly income distributions.
$6.21
+$0.00 (+0.08%)
EOD Oct 16, 2026
Revenue declined 27.8% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 463% versus the prior year, cash generation momentum has weakened. Negative free cash flow of -$107M. The business is consuming cash, not generating it.
8.8x earnings. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$67M
▼ -27.8% YoY
Net Income (TTM)
$67M
▼ -27.8% YoY
Op. Margin
—
ROIC
—
Cash Flow & Balance Sheet
FCF (TTM)
-$107M
▼ -463.3% YoY
Op. Cash Flow (TTM)
-$107M
▼ -463.3% YoY
Net Debt
$271M
Cash & Equiv.
$2M
3Y CAGR: +27.9%
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Is PIMCO Income Strategy Fund II (PFN) overvalued?
At a P/E of 8.8, PIMCO Income Strategy Fund II (PFN)'s valuation is best read against its own history, its peers, and the growth its price implies. A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, PIMCO Income Strategy Fund II scores 25/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 13.9%; see dividend safety for coverage and history. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
Is PIMCO Income Strategy Fund II a high-quality business?+
PIMCO Income Strategy Fund II scores 25 out of 100 on Intrinsiqq's quality score, a weighted blend of 5 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Does PIMCO Income Strategy Fund II (PFN) pay a dividend, and how much?+
Yes, PIMCO Income Strategy Fund II pays a regular dividend of about $0.86 per share per year (typically in quarterly installments), a yield of roughly 13.9% at the current price. That is a payout ratio of about 122.2% of earnings, so the dividend is stretched at this level. PIMCO Income Strategy Fund II has grown the dividend at roughly 33.0% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For PFN's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is PIMCO Income Strategy Fund II a good stock to buy right now?+
That depends on valuation and quality together, not either alone. you should weigh PFN's valuation and scores 25/100 on quality (lower-quality). It also yields about 13.9%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.