The PIMCO Income Strategy Fund operates as a closed-end fixed income investment vehicle, managed by Allianz Global Investors Fund Management LLC, with Pacific Investment Management Company LLC serving as co-manager. Its strategy involves allocating capital across global fixed income markets. A significant portion of its diversified holdings comprises floating rate debt instruments, typically maintaining an average duration of approximately three years. The construction of its portfolio is guided by a top-down approach, underpinned by fundamental analysis. Established on June 19, 2003, and domiciled in the United States, the fund was formerly referred to as the PIMCO Floating Rate Income Fund.