PML

PIMCO Municipal Income Fund II (PML) is a closed-end management investment company that seeks to provide current income exempt from federal income tax. The fund is managed by Pacific Investment Management Company LLC (PIMCO), one of the world's premier fixed income investment managers. PML primarily invests in a diversified portfolio of municipal bonds and other municipal securities, focusing on income-generating investments while maintaining capital preservation as a secondary objective. The fund leverages its portfolio to enhance returns, typically maintaining a leverage ratio between 35-40% of total managed assets through reverse repurchase agreements and other borrowing arrangements. As of its latest reporting, PML manages total net assets of approximately $1.2 billion across a portfolio of municipal securities from various states and municipalities. The fund's investment strategy emphasizes credit research and risk management, utilizing PIMCO's extensive municipal bond research capabilities and relationships with issuers nationwide. PML typically invests in investment-grade municipal securities, though it may allocate a portion to below-investment-grade bonds to enhance yield. The fund pays monthly distributions to shareholders, a key feature for income-focused investors. PIMCO Municipal Income Fund II trades on the New York Stock Exchange and is part of PIMCO's broader suite of closed-end funds specializing in tax-exempt fixed income investments.