PYT Profile
Pplus Trust (PYT) is a closed-end investment company that invests primarily in corporate debt securities. Its investment objective is to provide high current income consistent with the preservation of capital. The company's portfolio is managed by Pacific Investment Management Company (PIMCO), one of the world's largest investment management firms, which utilizes a variety of fixed-income strategies to achieve its investment objective.
PYT's portfolio consists primarily of investment-grade corporate bonds, with a focus on bonds with maturities of 10 years or less. As of December 31, 2021, the fund had a net asset value (NAV) of approximately $122.9 million and held 214 different securities.
PYT's shares are traded on the New York Stock Exchange (NYSE). The fund offers investors exposure to a diversified portfolio of corporate bonds, which can provide a reliable stream of income and potentially help to preserve capital. As with any investment in fixed-income securities, there is the risk of default, interest rate risk, and other market risks that investors should consider before investing.
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