NRGX / Equity CEFs: NRGX May Be A Stealth Opportunity To Get More Bond Exposure

Longer-term bonds are becoming more attractive to institutional investors as yields catch up to shorter-term paper. The NRGX fund experienced an NAV b more_horizontal

PIMCO's Tactical Credit Opportunities Fund is changing its investment mandate to focus on multi-sector credit with a reduced allocation to energy asse more_horizontal

2 out of 22 CEF sectors positive on price and 1 out of 22 sectors positive on NAV. PIMCO Energy & Tactical Credit Opps will change its investment poli more_horizontal

The PIMCO Energy & Tactical Credit Opps is transitioning from an energy equities closed-end fund to a credit fund. The fund will change its name to PI more_horizontal

The Pimco Energy & Tactical Credit Opportunities Fund is trading at a significant discount to its NAV. The fund's dividend yield is around 5.5% annual more_horizontal

NRGX is an energy fund offered by PIMCO, a fixed-income specialist, so it would appear outside their expertise. However, it isn't your everyday energy more_horizontal

It couldn't be any cheaper, either—this high-quality fund is trading at a 17% discount to fair value! more_horizontal

NRGX is PIMCO's offering in the energy-related space, with strong energy performance; the performance in more recent years has been quite strong. This more_horizontal