Returns
| Series | 1 week | 1 month | 3 months | 6 months | YTD | 1 year | 3 years (ann.) | 5 years (ann.) | 10 years (ann.) | Since inception (ann.) |
|---|---|---|---|---|---|---|---|---|---|---|
| Market-price return | -0.15% | -6.65% | -14.44% | -14.44% | -14.32% | -18.54% | -4.76% | -14.94% | -6.50% | -4.28% |
| Market-price total return | +0.45% | -6.09% | -12.98% | -11.61% | -9.65% | -13.22% | +1.10% | -9.76% | -1.02% | +1.80% |
| NAV return | +1.57% | -4.18% | -11.58% | -11.91% | -12.35% | -12.99% | -3.90% | -10.30% | -5.55% | -3.84% |
| NAV total return | +2.14% | -3.65% | -10.17% | -9.17% | -7.85% | -7.64% | +1.75% | -4.79% | +0.38% | +2.60% |
Performance through Oct 14, 2026. Price and NAV returns are simple changes; total returns reinvest each distribution at the series value on its ex-date (first observation on/after). Periods of one year or less are cumulative; longer periods are annualised. Series are built from unadjusted prices plus the distribution record so no distribution is counted twice. Corporate actions: the vendor price series is split-adjusted; rights offerings and mergers are not restated — check Corporate Actions.
Growth of $10,000, five years
Risk statistics
| Statistic | Market price | NAV | Specification |
|---|---|---|---|
| Volatility, 1 year | 0.11% | 0.08% | annualised SD of daily total returns, √252 |
| Volatility, 3 years | 0.12% | 0.10% | as above |
| Volatility, 5 years | 0.14% | 0.10% | as above |
| Maximum drawdown, 3 years | -23.35% | -14.19% | peak-to-trough on the total-return index |
| Sharpe ratio, 3 years | -0.16 | -0.17 | excess over FRED DGS3MO (window average) (avg 4.52%), annualised |
| Sortino ratio, 3 years | -0.22 | -0.23 | downside deviation of excess returns |
| Beta vs. benchmark proxy, 3 years | 1.73 | — | MUB (U.S. municipal bond ETF proxy), daily, aligned dates |
| Correlation, 3 years | 0.58 | — | as above |
| Observations (3y) | 751 | — | minimum 60; rankings require 500 |
Market-price and NAV volatility are different quantities and are never mixed. NAV volatility for funds holding stale-marked or illiquid assets can understate economic risk.
CEF Explorer research page for PIMCO Municipal Income Fund II. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.