PIMCO Municipal Income Fund II (PML) belongs to the Municipal Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with PML. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PML
PML charges 1.08% annually. There are 463 mutual funds in the Municipal Bonds category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Western Asset Managed Municipals Fund Inc | 0.01% | — | Jun 1992 | PML vs MMU | |
| Western Asset SMASh Series TF Fund | 0.01% | — | Dec 2015 | PML vs LSMSX | |
| Eaton Vance Municipal Bond Fund | 0.01% | — | Dec 1993 | PML vs EIM | |
| NYLI MacKay DefinedTerm Muni Opportunities Fund | 0.03% | — | Jun 2012 | PML vs MMD | |
| Nuveen Select Maturities Municipal Fund | 0.03% | — | Sep 1992 | PML vs NIM |
Best Risk-Adjusted Alternatives to PML
PML has a PortfoliosLab risk / return rank of 11. There are 495 mutual funds in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 100 | — | Apr 2022 | PML vs DFABX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | PML vs ATOIX | |
| DFA California Short Term Municipal Bond Portfolio | 99 | — | Apr 2007 | PML vs DFCMX | |
| DFA NY Municipal Bond Portfolio | 99 | — | Jun 2015 | PML vs DNYMX | |
| DFA Short Term Municipal Bond Portfolio | 99 | — | Aug 2002 | PML vs DFSMX |
Top Performing PML Alternatives (YTD)
PML is at 2.74% YTD. There are 38 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 15.87%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Massachusetts Quality Municipal Income Fund | 15.87% | — | Jan 1993 | PML vs NMT | |
| Nuveen Municipal Income Fund, Inc. | 13.22% | — | Apr 1998 | PML vs NMI | |
| RiverNorth Opportunistic Municipal Income Fund | 11.00% | — | — | PML vs RMI | |
| RiverNorth Flexible Municipal Income Fund II Inc. | 10.29% | — | — | PML vs RFMZ | |
| Nuveen New York AMT Free Quality Municipal Income | 9.70% | — | Nov 2002 | PML vs NRK |
Lowest Volatility Alternatives to PML
PML has 10.70% 1-year volatility. There are 490 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.56%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 0.56% | — | Apr 2022 | PML vs DFABX | |
| DFA California Short Term Municipal Bond Portfolio | 0.59% | — | Apr 2007 | PML vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | PML vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.60% | — | May 2016 | PML vs USMTX | |
| DFA Short Term Municipal Bond Portfolio | 0.61% | — | Aug 2002 | PML vs DFSMX |
Lowest Drawdown Alternatives to PML
PML has a 1-year max drawdown of -7.00%. There are 482 mutual funds in the Municipal Bonds category with shallower 1-year drawdowns, going as shallow as 0.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Allocation Target Shares | 0.00% | — | May 2021 | PML vs BATVX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | PML vs ATOIX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | -0.10% | — | Dec 2017 | PML vs APUSX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | PML vs TFCYX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | PML vs FHMIX |
Other Mutual Funds from PIMCO
The 10 most viewed PIMCO mutual funds shown here include PIMIX, PTY, PONAX and span 7 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| PIMCO Income Fund Institutional Class | Multisector Bonds | 42 | 0.72% | — | Mar 2007 | PML vs PIMIX | |
| PIMCO Corporate & Income Opportunity Fund | Corporate Bonds | 1 | -3.45% | — | Dec 2002 | PML vs PTY | |
| PIMCO Income Fund Class A | Multisector Bonds | 38 | 0.55% | — | Apr 2007 | PML vs PONAX | |
| PIMCO Total Return Fund Institutional Class | Intermediate Core-Plus Bond | 26 | 0.30% | — | May 1987 | PML vs PTTRX | |
| PIMCO Corporate & Income Strategy Fund | Multisector Bonds | 6 | -2.70% | — | Dec 2001 | PML vs PCN | |
| PIMCO Income Fund Class I-2 | Total Bond Market | 41 | 0.68% | — | — | PML vs PONPX | |
| PIMCO StocksPLUS Long Duration Fund Class I | Diversified Portfolio | 39 | 8.53% | — | Aug 2007 | PML vs PSLDX | |
| PIMCO Income Strategy Fund II | Multisector Bonds | 7 | -3.70% | — | Oct 2004 | PML vs PFN | |
| PIMCO International Bond Fund (U.S. Dollar-Hedged) | Global Bonds | 10 | 0.43% | — | Dec 1992 | PML vs PFORX | |
| PIMCO StocksPLUS International Fund (U.S. Dollar-H... | Foreign Large Cap Equities | 40 | 13.28% | — | Oct 2003 | PML vs PISIX |
Often Compared With PML
Investors most often compare PML with VNYUX, NAZ, PCRIX. These 7 comparison targets span 3 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Vanguard New York Long-Term Tax-Exempt Fund Admira... | Municipal Bonds | 74 | 2.23% | — | May 2001 | PML vs VNYUX | |
| Nuveen Arizona Quality Municipal Income Fund | Municipal Bonds | 33 | 8.20% | — | Nov 1992 | PML vs NAZ | |
| PIMCO Commodity Real Return Strategy Fund | Commodities | 28 | 15.90% | — | Jun 2002 | PML vs PCRIX | |
| Nuveen Minnesota Quality Municipal Income Fund | Municipal Bonds | 55 | 5.79% | — | Jun 1993 | PML vs NMS | |
| Nuveen Virginia Quality Municipal Income Fund | Municipal Bonds | 26 | 6.33% | — | Mar 1993 | PML vs NPV | |
| Nuveen California Municipal Value Fund | Municipal Bonds | 23 | 5.79% | — | Oct 1987 | PML vs NCA | |
| PIMCO RAE US Small Fund | Small Cap Value Equities | 72 | 18.92% | — | Jun 2015 | PML vs PMJIX |
Compare PML with Any Fund or Stock
Compare PML with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PML with funds that move differently
PIMCO Municipal Income Fund II alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PML.
Explore PML Diversifiers