AICA Event
CEF Advisors AICA Event NAVigator Podcast

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   ♦

Go to AICA CEF/BDC Screener Learn More @

PIMCO Municipal Income Fund II (PML)

National Muni Bond Funds - National Municipal (tax-free) Bond

Data as of Sept. 20, 2023
Market Price $8.22 (+ $0.06)
NAV (Sept. 20, 2023) $8.46 ( $0.00)
Fund Listed NYSE
Premium / Discount -2.84% (+0.71%)
Fund Info
Inception June 28, 2002
Sponsor Pacific Investment Management Company
Phone 844.337.4626
Location New York
Incorporated Massachusetts
Staggered Board Yes
Term Date N/A
Objective: Current income exempt from federal income tax through investing in municipal bonds that pay interest that is exempt from federal income tax.
Related Indexes
National Municipal Bond Index
Capital & Leverage
Outstanding Shares 66,387,731
Total Assets (Reported: June 30, 2023) $1,037M
Estimated Total Assets $994M
Net Assets $562M
Market Cap $546M
Portfolio Turnover 7.00%
Total Leverage 43.51%
Structural Leverage (out of total) 83.91%
Portfolio Leverage (out of total) 16.09%
Expense Ratio 4.98%
Non Lev Exp Ratio 1.14%
Rel Lev Cost 5.06%
Discount Data
Average Discount (3 Yr) 11.81%
Discount Low(3 Yr) -3.55%
Discount High(3 Yr) 22.02%
Discount Rel Range (3 Yr) 2.77%
Comp Discount 9.49
Discount St Dev (1Yr) 3.97
Z-Stat (6mo) -3.20
Z-Stat (1Yr) -1.64
Z-Stat (3Yr) -2.12
Comp Z-Stat (6mo) -1.70
Comp Z-Stat (3Yr) -0.48
Distribution Data
Market Yield 5.77%
Income Yield 5.77%
Lev Adj NAV Yield 3.90%
Distribution Frequency M
Current Distribution $0.040
Current Income $0.040
Ex-Date 9/8/23
Payable Date 10/2/23
Div Growth (3yr) -33.05%
Dividend Change -33.1% on 1/3/23
Expected Div 10/2/23
RoC (1yr) 29.13%
RoC (3yr) 12.18%
Tax Dividend Data 2018 2016 - 2018
Income 1.3% 1.4%
ST Gains 0% 0%
QDI 0% 0%
LT Gains 0% 0%
RoC 0% 0%
Volume & Liquidity
Average Daily $ (K) $1,303
Avg Volume 30 day 165,787
Avg Volume 90 day 158,548
Volume Trend 4.57%
Comp Volume Trend -8.20%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's National Municipal Bond Index
Most Correlated Peer (Mk Pr): MVT 89.0%
NAV - Price Correlation (30 d) 69.8%
NAV - Price Correlation (90 d) 90.5%
NAV - Price Correlation (1 Yr) 43.0%
Price St Dev (1Yr) 15.3%
NAV St Dev (1Yr) 9.1%
Earnings / Share (7/31/23) $0.043
Earn Coverage 109.11%
Earnings Trend Down
UNII / Share (7/31/23) $-0.090
Rel UNII -18.99
UNII Trend Down
Bond Specific Data
Maturity 16.39
Duration 13.65
Credit Rating (rbo) A
Investment Grade 96.04%
Non Investment Grade 1.43%
Unrated Bonds 2.53%
Average Bond Price 138.23
Discount vs Price 35.39
Coupon 4.83%
Zero Coupon 8.64%
AMT 0.00%
AMT Yield 5.77%
Bond Calls Risk 0.00%
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's National Municipal Bond Index

DISCLOSURES: makes data for the universe of closed-end funds (CEFs) and business development companies (BDCs) available to its users. This material is not intended to be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. This site does not list all the risks associated with each fund. Investors should contact a fund’s sponsor for fund-specific risk information and/or contact a financial advisor before investing.

NOTES: Distribution type sourced from For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

This material is presented for informational purposes only. Under no circumstances is it to be considered an offer to sell, or a solicitation to buy any investment referred to on this page. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and it should not be relied upon as such. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. Returns are presented gross of investment management fees and other appropriate fees (i.e. commissions, custodial fees, etc.).

© Closed-End Fund Advisors Inc.(CEFadvisors) and 2019. All rights reserved. Any copying, republication or redistribution of CEFadvisors,, content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of CEFAdvisors. CEFAdvisors shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.