PIMCO Income Strategy Fund Shares of Beneficial Interest (PFL)

About

PIMCO Income Strategy Fund (the Fund) is a diversified, closed-end management investment company. The Fund's primary investment objective is to seek high current income, consistent with the preservation of capital. The Fund invests in a diversified portfolio of floating and/or fixed-rate debt instruments. The Fund will not invest more than 20% of its total assets in securities that are, at the time of purchase, rated CCC/Caa or below by each ratings agency rating the security, or that are unrated but judged by PIMCO to be of comparable quality. The Fund's duration will normally be in a low to intermediate range (0 to 8 years), although it may be longer at any time. The Fund invests in various sectors, including banks, wirelines, automotive, pipelines, non-captive consumer finance, gaming, media cable, financial other and integrated oil. Pacific Investment Management Company LLC is the Fund's investment manager.