PFN CEF — PIMCO Income Strategy Fund II

PIMCO Income Strategy Fund II (PFN)

Updated November 6, 2026.

PFN is a CEF. Its distribution rate is 13.57%, its trailing-12-month yield is 13.61%, its expense ratio is 1.7897%. Dividend Vision Distribution Safety Score™ is 72/100 (Generally safe). Total return is 234.9% over the past 22 years, 634.6 points behind SPY at 869.5%.

PFN performance versus SPY

As of Nov 5, 2026

Total return is 234.9% over the past 22 years, 634.6 points behind SPY at 869.5%. Over the past year its total return — price change plus distributions reinvested — is -5.8%. Its deepest 1-year drawdown was 12.1%.

PFN key facts

Distribution Safety Score™

72 · Generally safe

Safety-Adjusted Yield

9.77%

Issuer

PIMCO

Asset type

CEF

Asset class

Fixed Income

Inception date

10/29/2004

Expense ratio

1.7897%

Distribution rate

13.57%

Distribution frequency

Monthly

Trailing yield

13.61%

5-year average yield

11.67

Last close

$6.35 (as of 2026-11-06)

NAV

$6.27

Premium / discount

Premium not shown · NAV date unknown

Market cap

$618,606,976

Average volume

394,568

Dividend

$0.0718

Ex-dividend date

11/13/2026

Payment date

12/01/2026

Beta

0.554

AUM unavailable in this published snapshot. Missing values do not mean zero or complete coverage. ?

How Dividend Vision calculates yield and returns

Distribution rate (13.57%) has no calculation basis on file. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (13.61%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: PIMCO; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

PFN risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 12.1%.

Who may consider PFN — and who may not

It is a weaker fit for investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on PFN

• All tickers starting with P

Tagged: Fixed Income, Floating Rate, CEF.

Frequently asked questions

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