PDX - PIMCO Dynamic Income Strategy Fund

What this means for you

One or more large investors own more than 5% of this fund but have told the regulator they are not seeking changes. That is common for banks, brokers and index funds that hold shares for their clients.

Nothing is required of you. If an investor changes its mind, it must file a new notice within days, and it will show up here.

Email me if this changes

What happened, and when

1. Aug 13, 2026

   Saba filed an updated notice; it still owns 14.4%, as a passive investor.

   Original document →

2. May 15, 2026

   Saba cut its stake to 14.4% (from 16.8%), as a passive investor.

   Original document →

3. Jan 12, 2026

   Saba raised its stake to 16.8% (from 15.2%), as a passive investor.

   Original document →

4. Jan 12, 2026

   Saba cut its stake to 15.2% (from 16.8%), as a passive investor.

   Original document →

5. Aug 14, 2025

   Saba filed an updated notice; it still owns 16.8%, as a passive investor.

   Original document →

About this fund

• Run by Pacific Investment Management Company LLC. Part of the PIMCO fund family. As of June 30, 2026, from the fund's yearly report. Original document →
• Size: about $1.03 billion of holdings, as of June 30, 2026. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund borrows about 32% on top of its own money, as of June 30, 2026. Borrowed money makes gains and losses bigger. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Costs: 1.6% a year in management fees; 3% a year in total, including interest on borrowed money. Fiscal year ended June 30, 2026. As of June 30, 2026, from the fund's yearly report. Original document →
• Payouts: last fiscal year (ended June 30, 2026) the fund paid $4.57 a share. $1.60 of that was income; $2.97 came from gains. As of June 30, 2026, from the fund's annual report. Original document →
• Value of holdings per share at the last fiscal year end (June 30, 2026): $23.14. The shares traded at $20.82, about 10% below that. As of June 30, 2026, from the fund's yearly report. Original document →
• How the holdings did: down 3.8% over the last three months we have (April-June 2026), before the share price is taken into account. Over the last 12 months: +4.3%. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• How the share price did: the shares returned +4.3% over the last fiscal year (ended June 30, 2026), counting payouts and the change in the market price. As of June 30, 2026, from the fund's annual report. Original document →
• First reported to the regulator in 2018.

What the fund holds

Mostly bonds (29%), the rest shares, mortgage bonds and loans. About 81% issued in the U.S.

1. Venture Global, Inc. - 6%
2. Energy Transfer LP - 5.5%
3. CIT Mortgage Loan Trust - 5.4%
4. Mplx LP - 4.5%
5. Enterprise Products Partners LP - 3.9%
6. Enbridge, Inc. - 3%
7. TC Energy Corp. - 2.5%
8. Sunoco LP - 2.4%
9. Bear Stearns Asset Backed Securities Trust, Bear Stearns Asset-Backed Securities I Trust - 3.7%
10. Mustang Express preferred shares - 2.9%

As of June 30, 2026, from the fund's quarterly holdings report. Original document →