PIMCO Corporate & Income Opportunity Fund is a closed-end fixed income fund designed to seek maximum total return by combining current income with capital appreciation. Managed by PIMCO, the fund adopts a dynamic asset allocation approach across multiple fixed income sectors in the global credit markets, including corporate debt, mortgage-related and asset-backed securities, sovereign and government debt, and taxable municipal bonds. It invests in income-producing securities from both U.S. and international issuers, including entities from emerging markets. By targeting securities ranging from investment grade to high-yield bonds, the fund diversifies credit exposure and interest rate sensitivity, aiming to adapt to evolving market conditions. PIMCO Corporate & Income Opportunity Fund plays a significant role in the broader market by offering institutional and retail investors access to a professionally managed portfolio that prioritizes income generation alongside capital preservation or growth, and it frequently features in strategies looking for diversified fixed income exposure in a single vehicle. Founded in 2002, the fund continues to reflect PIMCO’s expertise in multi-sector credit allocation and active management.
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