PML - PIMCO Municipal Income Fund II

What this means for you

No investor has reported owning 5% or more of this fund. That is the normal state for most closed-end funds.

Nothing is required of you. If that changes, the notice appears here within a day of being filed with the regulator.

Email me if this changes

What happened, and when

1. Sept 15, 2026

   The fund said it will repay some borrowed money on Oct 30, 2026.

   Original document →

2. July 24, 2026

   The fund said it will repay some borrowed money on Sept 30, 2026.

   Original document →

3. Jan 23, 2026

   The fund said it will repay some borrowed money on March 31, 2026.

   Original document →

4. May 13, 2025

   The fund said it may sell new shares.

   Original document →

5. May 12, 2025

   The fund sent holders a document about a possible reorganization; we could not read the details automatically.

   Original document →

About this fund

• Run by Pacific Investment Management Company LLC. Part of the PIMCO fund family. As of Dec 31, 2025, from the fund's yearly report. Original document →
• Size: about $1.02 billion of holdings, as of June 30, 2026. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund borrows about 42% on top of its own money, as of June 30, 2026. Borrowed money makes gains and losses bigger. About 82% of that is money the fund has borrowed by selling preferred shares. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Costs: 0.8% a year in management fees; 3% a year in total, including interest on borrowed money. Fiscal year ended Dec 31, 2025. As of Dec 31, 2025, from the fund's yearly report. Original document →
• Payouts: last fiscal year (ended Dec 31, 2025) the fund paid $0.47 a share. $0.37 of that was income; $0.10 was your own money back, not income. As of Dec 31, 2025, from the fund's annual report. Original document →
• Value of holdings per share at the last fiscal year end (Dec 31, 2025): $8.10. The shares traded at $7.54, about 6.9% below that. As of Dec 31, 2025, from the fund's yearly report. Original document →
• How the holdings did: up 2.1% over the last three months we have (April-June 2026), before the share price is taken into account. Over the last 12 months: +8.7%. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• How the share price did: the shares returned -1% over the last fiscal year (ended Dec 31, 2025), counting payouts and the change in the market price. As of Dec 31, 2025, from the fund's annual report. Original document →
• First reported to the regulator in 2002.

What the fund holds

Mostly tax-free municipal bonds (85%), the rest loans and mortgage bonds. About 100% issued in the U.S.

1.3% of holdings are in default.

1. Salt Verde Financial Corp. - 3.5%
2. Salt River Project Agricultural Improvement & Power District - 2.6%
3. Commonwealth of Massachusetts - 2.1%
4. Municipal Electric Authority of Georgia - 3.5%
5. Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue - 3.5%
6. Maricopa County Industrial Development Authority - 2%
7. La Vega Independent School District - 1.9%
8. Freddie Mac, Federal Home Loan Mortgage Corp. - 1.8%
9. New York State Dormitory Authority - 1.8%
10. City of Orlando FL - 1.6%

As of June 30, 2026, from the fund's quarterly holdings report. Original document →