Pimco Municipal Income Fund II

Frequently Asked Questions About PML

What does PML invest in?

PIMCO Municipal Income Fund II is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in fixed income markets. The fund invests in stocks of companies operating across diversified sectors. It seeks to invest primarily in municipal bonds, variable rate notes, variable rate demand notes, and U.S. treasury bills. PIMCO Municipal Income Fund II was formed on June 28 2002 and is domiciled in United States.

What is the expense ratio of PML?

Pimco Municipal Income Fund II (PML) charges an expense ratio of 3.02%. This is the annual fee deducted from fund assets to cover management and operations.

What is PML's dividend yield?

PML's trailing-twelve-month yield is 6.98%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of PML?

Effective duration measures PML's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. PML's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of PML?

PML's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of PML?

Yield to maturity (YTM) is the total return you'd earn from PML if every bond in the portfolio is held to maturity at the current price. PML's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.