Business Description
PIMCO Income Strategy Fund is a US-based closed-end fund, jointly overseen by Allianz Global Investors Fund Management LLC and Pacific Investment Management Company LLC, that focuses on debt securities around the world. Its holdings are spread across a range of floating rate instruments, keeping the average time to maturity at roughly three years. The fund uses a broad, top-level view of economic conditions to guide its investment decisions and has operated under its current name since changing from PIMCO Floating Rate Income Fund after its founding in June 2003.
