Since my last article about the Pimco GIS Income fund, I have time to receive feedbacks and one of them actually triggered me. You can read A Further Conversation about Pimco GIS Income Fund’s Returns. My colleague Isaac pointed out that the NAV of the share classes that distributes payout never recovered to the highs, or doesn’t look like they will. I was quite shocked that I didn’t realize this is happening. Not because I don’t know that a fund’s net asset value (NAV) per unit can trend downwards over time if they pay out more but I had the impression Pimco GIS manager would have managed it much better. Which may make you ask about how the future of the distributing class of Pimco GIS Income Fund would look like. I think all funds would like themselves to be sustainable and not be unsustainable, but given how bond...