PDI: Resilient Multi-Sector Income Fund

  • I maintain my buy rating on PDI, as it remains resilient and offers a high 13.8% yield despite a challenging interest rate environment. PDI's diversified portfolio, majority investment-grade allocation, and consistent distributions make it attractive for income-focused investors seeking stability. The fund's aggressive leverage and premium to NAV are risks, but future interest rate cuts could improve spreads and total returns.