Pimco Income Opportunity Fund (PKO)

The fund marshals PIMCO’s best income ideas in a single investment vehicle as it seeks current income as a primary focus and also capital appreciation. It has the flexibility to build a global portfolio of corporate debt, government and sovereign debt, mortgage-backed and other asset-backed securities, bank loans and related instruments, convertible securities, and other income-producing securities of U.S. and foreign issuers. The fund may invest up to 40% of its total assets in bank loans (including, among others, senior loans, delayed funding loans and revolving credit facilities).It may also invest up to 40% of its total assets in securities of issuers economically tied to emerging market countries.