2: An 11.8% Yield From a Bond-Market Pro The PIMCO Income Strategy Fund (PFL) is an 11.8%-yielder holding 385 bonds issued by a variety of corporations, as well as a number of other income-producing assets that have pushed PFL to a triple-digit gain. PFL has survived the dot-come bubble bursting, the Great Recession, the 2011 debt-ceiling fiasco, the pandemic and last year's spike in inflation. But PFL trades at a lower-than usual premium: 2.3% as I write this, compared to a 7.4% average over the last five years.