PIMCO Municipal Income II (NYSE:PML)
- Market Cap$938.375m
- AIC sector-
- Manager GroupPIMCO
Under normal market conditions, the Fund will invest substantially all (at least 90%) of its total assets in municipal bonds that pay interest that is exempt from federal income taxes. At least 80% of its net assets are invested in investment grade quality municipal bonds. Up to 20% of its net assets may be invested in municipal bonds that are rated Ba/BB or B or that are unrated but judged to be of comparable quality by the portfolio manager.