PIMCO CORPORATE & INCOME STRATEGY FUND

PCN is a closed-end fixed income fund managed by Allianz Global Investors Fund Management LLC in partnership with Pacific Investment Management Company LLC. The fund invests exclusively in U.S. fixed income securities, employing a fundamental analysis framework with top-down security selection to construct its portfolio. Its holdings span treasury bonds, corporate notes, U.S. government agency securities, and mortgage-backed and asset-backed securities across diversified economic sectors.

The fund generates revenue through management fees charged to shareholders, with performance dependent on the income generated by its fixed income portfolio and capital appreciation or depreciation of underlying securities. As a closed-end fund structure, PCN issues a fixed number of shares rather than operating as an open-end mutual fund, allowing it to maintain a consistent asset base and pursue longer-term investment strategies without managing continuous inflows and outflows.

The fund maintains approximately $900 million in assets under management. It operates from Newport Beach, California and serves retail and institutional investors in the United States. PCN was initially established in October 2001 as the PIMCO Corporate Income Fund before adopting its current name to reflect its expanded investment mandate.