**PDO: 2 Things I Learned From Junk Bonds**
*Nov. 15, 2025 | 1:06 AM ETP*
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### PIMCO Dynamic Income Opportunities Fund (PDO) – Comments Summary
The PIMCO Dynamic Income Opportunities Fund (PDO) remains a **Hold** due to unattractive junk bond yields. While PDO’s heavy exposure to junk bonds offers a current yield of roughly 11%, which might seem appealing on the surface, this yield is actually quite low by historical standards and relative to risk-free rates.
Additionally, the unattractiveness of this yield is understated because of the fund’s relatively short history, which impacts the assessment of its long-term return potential.
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### Black Friday Sale 2025: Get 20% Off PDO CEF and Junk Bonds
I last covered the PIMCO Dynamic Income Opportunities Fund (PDO) on **September 25** in an article titled *”Why I Prefer PDO Over PDI.”* That article presented a comparative analysis against PDI.
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### About the Author
This article was written by **Sensor Unlimited**, an economist by training with a PhD specializing in financial economics. Sensor Unlimited is a quantitative modeler with a decade of experience covering the mortgage market, commercial market, and banking industry.
She writes extensively about asset allocation and ETFs, especially those related to the overall market, bonds, banking and financial sectors, and housing markets.
Sensor Unlimited also contributes to the investing group **Envision Early Retirement**, which she leads. The group offers proven solutions designed to generate both high income and high growth while managing risks through dynamic asset allocation.
[Learn More](#)
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### Analyst’s Disclosure
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