Alan Rappaport - Pimco Corporate Independent Trustee

PCN Fund

USD 13.58 0.01 0.07%

Alan Rappaport is Fund Manager at Pimco Corporate Income

Mr. Alan Rappaport serves as an Independent Trustee of Pimco Corporationrationrate Income Strategy Fund

Age	68
Tenure	15 years
Phone	949 720 6000
Web	https://www.allianzinvestors.com/Products/pages/4.aspx?ShareClassCode=ARTIFICIAL

Rappaport has substantial senior executive experience in the financial services industry. He formerly served as Chairman and President of the Private Bank of Bank of America and as Vice Chairman of U.S. Trust. He is currently an Advisory Director of an investment firm.

Alan Rappaport Latest Insider Activity

Tracking and analyzing the buying and selling activities of Alan Rappaport against Pimco Corporate fund is an integral part of due diligence when investing in Pimco Corporate. Alan Rappaport insider activity provides valuable insight into whether Pimco Corporate is net buyers or sellers over its current business cycle. Note, Pimco Corporate insiders must abide by specific rules, including filing SEC forms every time they buy or sell Pimco Corporate'sshares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.

		Alan Rappaport over a week ago Disposition of 1000 shares by Alan Rappaport of PKO subject to Rule 16b-3
		Alan Rappaport over two months ago Acquisition by Alan Rappaport of 1000 shares of PKO at 26.192 subject to Rule 16b-3
		Alan Rappaport over a year ago Acquisition by Alan Rappaport of 1649 shares of Victory Capital subject to Rule 16b-3

Pimco Corporate Management Performance (%)

The company has Return on Asset of 3.43 % which means that on every $100 spent on assets, it made $3.43 of profit. This is considered to be average in the sector. In the same way, it shows a return on shareholders' equity (ROE) of 5.5 %, implying that it generated $5.5 on every 100 dollars invested. Pimco Corporate's management efficiency ratios could be used to measure how well Pimco Corporate manages its routine affairs as well as how well it operates its assets and liabilities.

Compare Pimco Corporate to Peers

Manager Performance

Pimco Corporate Income has 308.81 M in debt with debt to equity (D/E) ratio of 0.5, which is OK given its current industry classification. Pimco Corporate Income has a current ratio of 0.36, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Pimco Corporate until it has trouble settling it off, either with new capital or with free cash flow. So, Pimco Corporate's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Pimco Corporate Income sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Pimco to invest in growth at high rates of return. When we think about Pimco Corporate's use of debt, we should always consider it together with cash and equity.

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PIMCO Corporate Income Strategy Fund is a closed-ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. PIMCO Corporate Income Strategy Fund was formed on October 17, 2001 and is domiciled in the United States. Pimco Corporate operates under Asset Management classification in the United States and is traded on New York Stock Exchange. The fund is not categorized under any group at the present time.

Management Performance

	Return On Equity	5.5
	Return On Asset	3.43

Pimco Corporate Income Leadership Team

Elected by the shareholders, the Pimco Corporate's board of directors comprises two types of representatives: Pimco Corporate inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Pimco. The board's role is to monitor Pimco Corporate's management team and ensure that shareholders' interests are well served. Pimco Corporate's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Pimco Corporate's outside directors are responsible for providing unbiased perspectives on the board's policies.

	David Fisher, Trustee
	Stacie Anctil, Vice President
	Bradley Todd, Treasurer
	Joshua Ratner, Senior Vice President
	William Galipeau, Vice President
	Christopher Morin, Assistant Treasurer
	WuKwan Kit, Vice President Senior Counsel, Secretary
	Joseph Kittredge, Independent Trustee
	Ryan Leshaw, Assistant Secretary
	James Jacobson, Independent Trustee
	Eric Johnson, Vice President
	Brandon Evans, Assistant Treasurer
	Trent Walker, Treasurer
	Hans Kertess, Independent Chairman of the Board of Trustees
	Jason Nagler, Assistant Treasurer
	Sarah Cogan, Independent Trustee
	Keisha AudainPressley, Chief Compliance Officer
	Peter Strelow, Senior Vice President
	Deborah DeCotis, Independent Chairman of the Board of Trustees
	Erik Brown, Assistant Treasurer
	Bradford Gallagher, Independent Trustee
	John Maney, Trustee
	Colleen Miller, Assistant Treasurer
	Jeffrey Byer, Vice President
	Alan Rappaport, Independent Trustee
	Bijal Parikh, Assistant Treasurer
	Elizabeth Duggan, Vice President
	William Ogden, Independent Trustee
	H Zhang, Assistant Treasurer
	Brian Pittluck, Vice President

Pimco Fund Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right fund is not an easy task. Is Pimco Corporate a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

	Return On Equity	5.5
	Return On Asset	3.43
	Profit Margin	(148.43) %
	Operating Margin	91.30 %
	Current Valuation	873.3 M
	Shares Outstanding	41.68 M
	Shares Owned By Institutions	10.84 %
	Number Of Shares Shorted	46.97 K
	Price To Earning	17.24 X
	Price To Book	0.88 X

Pair Trading with Pimco Corporate

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Pimco Corporate position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Pimco Corporate will appreciate offsetting losses from the drop in the long position's value.

Moving together with Pimco Fund

0.91	NEA	Nuveen Amt Free	Pair Corr
0.89	NVG	Nuveen Amt Free	Pair Corr
0.85	NAD	Nuveen Dividend Advantage	Pair Corr
0.87	PTY	Pimco Corporate Income	Pair Corr
0.84	TEDPX	Tiaa Cref Emerging	Pair Corr

The ability to find closely correlated positions to Pimco Corporate could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pimco Corporate when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Pimco Corporate - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Pimco Corporate Income to buy it.

The correlation of Pimco Corporate is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Pimco Corporate moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pimco Corporate Income moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Pimco Corporate can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in Pimco Fund

Pimco Corporate financial ratios help investors to determine whether Pimco Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Pimco with respect to the benefits of owning Pimco Corporate security.

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