<SEC-DOCUMENT>0001170299-23-000012.txt : 20230315
<SEC-HEADER>0001170299-23-000012.hdr.sgml : 20230315
<ACCEPTANCE-DATETIME>20230315104257
ACCESSION NUMBER:		0001170299-23-000012
CONFORMED SUBMISSION TYPE:	N-CEN
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20221231
FILED AS OF DATE:		20230315
DATE AS OF CHANGE:		20230315
EFFECTIVENESS DATE:		20230315

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PIMCO MUNICIPAL INCOME FUND II
		CENTRAL INDEX KEY:			0001170299
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		N-CEN
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-21076
		FILM NUMBER:		23733805

	BUSINESS ADDRESS:	
		STREET 1:		1633 BROADWAY
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
		BUSINESS PHONE:		212-739-4000

	MAIL ADDRESS:	
		STREET 1:		1633 BROADWAY
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-CEN
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?>
<edgarSubmission xsi:schemaLocation="http://www.sec.gov/edgar/ncen eis_NCEN_Filer.xsd" xmlns="http://www.sec.gov/edgar/ncen" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
  <schemaVersion>X0404</schemaVersion>
  <headerData>
    <submissionType>N-CEN</submissionType>
    <filerInfo>
      <liveTestFlag>LIVE</liveTestFlag>
      <filer>
        <issuerCredentials>
          <cik>0001170299</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>
      <flags>
        <overrideInternetFlag>false</overrideInternetFlag>
        <confirmingCopyFlag>false</confirmingCopyFlag>
      </flags>
      <investmentCompanyType>N-2</investmentCompanyType>
    </filerInfo>
  </headerData>
  <formData>
    <generalInfo reportEndingPeriod="2022-12-31" isReportPeriodLt12="N"/>
    <registrantInfo>
      <registrantFullName>PIMCO Municipal Income Fund II</registrantFullName>
      <investmentCompFileNo>811-21076</investmentCompFileNo>
      <registrantCik>0001170299</registrantCik>
      <registrantLei>ZVT714KPY3QTZWRT1S41</registrantLei>
      <registrantstreet1>1633 Broadway</registrantstreet1>
      <registrantcity>New York</registrantcity>
      <registrantzipCode>10019</registrantzipCode>
      <registrantstate>US-NY</registrantstate>
      <registrantcountry>US</registrantcountry>
      <registrantphoneNumber>844-337-4626</registrantphoneNumber>
      <websites>
        <website webpage="www.pimco.com"/>
      </websites>
      <locationBooksRecords>
        <locationBooksRecord>
          <officeName>Pacific Investment Management Company LLC</officeName>
          <officeAddress1>1633 Broadway</officeAddress1>
          <officeCity>New York</officeCity>
          <officeStateCountry officeState="US-NY" officeCountry="US"/>
          <officeRecordsZipCode>10019</officeRecordsZipCode>
          <officePhone>(212) 776-1500</officePhone>
          <booksRecordsDesc>The account books and other documents required to be maintained by Registrant pursuant to Section 31(a) of the Investment Company Act of 1940 and the Rules thereunder</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>State Street Bank &amp; Trust Co.</officeName>
          <officeAddress1>801 Pennsylvania Ave</officeAddress1>
          <officeCity>Kansas City</officeCity>
          <officeStateCountry officeState="US-MO" officeCountry="US"/>
          <officeRecordsZipCode>64105</officeRecordsZipCode>
          <officePhone>(816) 936-1121</officePhone>
          <booksRecordsDesc>The account books and other documents required to be maintained by Registrant pursuant to Section 31(a) of the Investment Company Act of 1940 and the Rules thereunder</booksRecordsDesc>
        </locationBooksRecord>
      </locationBooksRecords>
      <isRegistrantFirstFiling>N</isRegistrantFirstFiling>
      <isRegistrantLastFiling>N</isRegistrantLastFiling>
      <registrantFamilyInvComp isRegistrantFamilyInvComp="Y" familyInvCompFullName="PIMCOFUNDS"/>
      <registrantClassificationType>N-2</registrantClassificationType>
      <isSecuritiesActRegistration>Y</isSecuritiesActRegistration>
      <directors>
        <director>
          <directorName>Deborah A. DeCotis</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-06161"/>
            <fileNumberInfo fileNumber="811-10381"/>
            <fileNumberInfo fileNumber="811-22473"/>
            <fileNumberInfo fileNumber="811-21188"/>
            <fileNumberInfo fileNumber="811-21189"/>
            <fileNumberInfo fileNumber="811-09721"/>
            <fileNumberInfo fileNumber="811-10555"/>
            <fileNumberInfo fileNumber="811-22167"/>
            <fileNumberInfo fileNumber="811-22673"/>
            <fileNumberInfo fileNumber="811-21311"/>
            <fileNumberInfo fileNumber="811-21374"/>
            <fileNumberInfo fileNumber="811-21989"/>
            <fileNumberInfo fileNumber="811-21338"/>
            <fileNumberInfo fileNumber="811-21601"/>
            <fileNumberInfo fileNumber="811-21734"/>
            <fileNumberInfo fileNumber="811-08216"/>
            <fileNumberInfo fileNumber="811-22608"/>
            <fileNumberInfo fileNumber="811-23314"/>
            <fileNumberInfo fileNumber="811-21238"/>
            <fileNumberInfo fileNumber="811-23390"/>
            <fileNumberInfo fileNumber="811-23505"/>
            <fileNumberInfo fileNumber="811-10379"/>
            <fileNumberInfo fileNumber="811-23749"/>
            <fileNumberInfo fileNumber="811-23781"/>
            <fileNumberInfo fileNumber="811-23446"/>
            <fileNumberInfo fileNumber="811-23241"/>
            <fileNumberInfo fileNumber="811-21284"/>
            <fileNumberInfo fileNumber="811-21078"/>
            <fileNumberInfo fileNumber="811-23039"/>
            <fileNumberInfo fileNumber="811-21077"/>
            <fileNumberInfo fileNumber="811-05620"/>
            <fileNumberInfo fileNumber="811-22716"/>
            <fileNumberInfo fileNumber="811-07816"/>
            <fileNumberInfo fileNumber="811-21187"/>
            <fileNumberInfo fileNumber="811-21417"/>
            <fileNumberInfo fileNumber="811-23211"/>
            <fileNumberInfo fileNumber="811-23648"/>
            <fileNumberInfo fileNumber="811-10377"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Joseph B. Kittredge, Jr</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-21238"/>
            <fileNumberInfo fileNumber="811-22673"/>
            <fileNumberInfo fileNumber="811-23505"/>
            <fileNumberInfo fileNumber="811-21188"/>
            <fileNumberInfo fileNumber="811-10377"/>
            <fileNumberInfo fileNumber="811-21311"/>
            <fileNumberInfo fileNumber="811-10379"/>
            <fileNumberInfo fileNumber="811-23390"/>
            <fileNumberInfo fileNumber="811-10555"/>
            <fileNumberInfo fileNumber="811-21078"/>
            <fileNumberInfo fileNumber="811-21187"/>
            <fileNumberInfo fileNumber="811-23648"/>
            <fileNumberInfo fileNumber="811-23211"/>
            <fileNumberInfo fileNumber="811-23749"/>
            <fileNumberInfo fileNumber="811-07816"/>
            <fileNumberInfo fileNumber="811-08216"/>
            <fileNumberInfo fileNumber="811-21374"/>
            <fileNumberInfo fileNumber="811-21077"/>
            <fileNumberInfo fileNumber="811-09721"/>
            <fileNumberInfo fileNumber="811-10381"/>
            <fileNumberInfo fileNumber="811-23314"/>
            <fileNumberInfo fileNumber="811-21189"/>
            <fileNumberInfo fileNumber="811-21601"/>
            <fileNumberInfo fileNumber="811-21734"/>
            <fileNumberInfo fileNumber="811-23781"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Sarah E. Cogan</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-10381"/>
            <fileNumberInfo fileNumber="811-21078"/>
            <fileNumberInfo fileNumber="811-10377"/>
            <fileNumberInfo fileNumber="811-22716"/>
            <fileNumberInfo fileNumber="811-09721"/>
            <fileNumberInfo fileNumber="811-21187"/>
            <fileNumberInfo fileNumber="811-22473"/>
            <fileNumberInfo fileNumber="811-23446"/>
            <fileNumberInfo fileNumber="811-22608"/>
            <fileNumberInfo fileNumber="811-22167"/>
            <fileNumberInfo fileNumber="811-06161"/>
            <fileNumberInfo fileNumber="811-21374"/>
            <fileNumberInfo fileNumber="811-23211"/>
            <fileNumberInfo fileNumber="811-23039"/>
            <fileNumberInfo fileNumber="811-21338"/>
            <fileNumberInfo fileNumber="811-21417"/>
            <fileNumberInfo fileNumber="811-21077"/>
            <fileNumberInfo fileNumber="811-21284"/>
            <fileNumberInfo fileNumber="811-23241"/>
            <fileNumberInfo fileNumber="811-10379"/>
            <fileNumberInfo fileNumber="811-22673"/>
            <fileNumberInfo fileNumber="811-23749"/>
            <fileNumberInfo fileNumber="811-23648"/>
            <fileNumberInfo fileNumber="811-23505"/>
            <fileNumberInfo fileNumber="811-23390"/>
            <fileNumberInfo fileNumber="811-21238"/>
            <fileNumberInfo fileNumber="811-21311"/>
            <fileNumberInfo fileNumber="811-21188"/>
            <fileNumberInfo fileNumber="811-10555"/>
            <fileNumberInfo fileNumber="811-21734"/>
            <fileNumberInfo fileNumber="811-21601"/>
            <fileNumberInfo fileNumber="811-21989"/>
            <fileNumberInfo fileNumber="811-23314"/>
            <fileNumberInfo fileNumber="811-07816"/>
            <fileNumberInfo fileNumber="811-23781"/>
            <fileNumberInfo fileNumber="811-21189"/>
            <fileNumberInfo fileNumber="811-05620"/>
            <fileNumberInfo fileNumber="811-08216"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>John C. Maney</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>Y</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-10377"/>
            <fileNumberInfo fileNumber="811-21187"/>
            <fileNumberInfo fileNumber="811-21189"/>
            <fileNumberInfo fileNumber="811-21078"/>
            <fileNumberInfo fileNumber="811-21238"/>
            <fileNumberInfo fileNumber="811-07816"/>
            <fileNumberInfo fileNumber="811-22673"/>
            <fileNumberInfo fileNumber="811-21311"/>
            <fileNumberInfo fileNumber="811-23781"/>
            <fileNumberInfo fileNumber="811-23314"/>
            <fileNumberInfo fileNumber="811-08216"/>
            <fileNumberInfo fileNumber="811-23211"/>
            <fileNumberInfo fileNumber="811-10555"/>
            <fileNumberInfo fileNumber="811-21188"/>
            <fileNumberInfo fileNumber="811-23390"/>
            <fileNumberInfo fileNumber="811-23505"/>
            <fileNumberInfo fileNumber="811-23648"/>
            <fileNumberInfo fileNumber="811-23749"/>
            <fileNumberInfo fileNumber="811-21601"/>
            <fileNumberInfo fileNumber="811-10381"/>
            <fileNumberInfo fileNumber="811-09721"/>
            <fileNumberInfo fileNumber="811-21734"/>
            <fileNumberInfo fileNumber="811-10379"/>
            <fileNumberInfo fileNumber="811-21077"/>
            <fileNumberInfo fileNumber="811-21374"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>E. Grace Vandecruze</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-22673"/>
            <fileNumberInfo fileNumber="811-21734"/>
            <fileNumberInfo fileNumber="811-08216"/>
            <fileNumberInfo fileNumber="811-10555"/>
            <fileNumberInfo fileNumber="811-09721"/>
            <fileNumberInfo fileNumber="811-23749"/>
            <fileNumberInfo fileNumber="811-21078"/>
            <fileNumberInfo fileNumber="811-21189"/>
            <fileNumberInfo fileNumber="811-21077"/>
            <fileNumberInfo fileNumber="811-21238"/>
            <fileNumberInfo fileNumber="811-21188"/>
            <fileNumberInfo fileNumber="811-23505"/>
            <fileNumberInfo fileNumber="811-21601"/>
            <fileNumberInfo fileNumber="811-23314"/>
            <fileNumberInfo fileNumber="811-23781"/>
            <fileNumberInfo fileNumber="811-21187"/>
            <fileNumberInfo fileNumber="811-10377"/>
            <fileNumberInfo fileNumber="811-10379"/>
            <fileNumberInfo fileNumber="811-21374"/>
            <fileNumberInfo fileNumber="811-23390"/>
            <fileNumberInfo fileNumber="811-21311"/>
            <fileNumberInfo fileNumber="811-07816"/>
            <fileNumberInfo fileNumber="811-10381"/>
            <fileNumberInfo fileNumber="811-23648"/>
            <fileNumberInfo fileNumber="811-23211"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Alan Rappaport</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-21601"/>
            <fileNumberInfo fileNumber="811-21188"/>
            <fileNumberInfo fileNumber="811-21734"/>
            <fileNumberInfo fileNumber="811-22673"/>
            <fileNumberInfo fileNumber="811-23211"/>
            <fileNumberInfo fileNumber="811-21238"/>
            <fileNumberInfo fileNumber="811-23390"/>
            <fileNumberInfo fileNumber="811-23781"/>
            <fileNumberInfo fileNumber="811-10381"/>
            <fileNumberInfo fileNumber="811-10377"/>
            <fileNumberInfo fileNumber="811-21417"/>
            <fileNumberInfo fileNumber="811-21187"/>
            <fileNumberInfo fileNumber="811-21078"/>
            <fileNumberInfo fileNumber="811-23505"/>
            <fileNumberInfo fileNumber="811-23648"/>
            <fileNumberInfo fileNumber="811-10555"/>
            <fileNumberInfo fileNumber="811-09721"/>
            <fileNumberInfo fileNumber="811-21189"/>
            <fileNumberInfo fileNumber="811-23749"/>
            <fileNumberInfo fileNumber="811-08216"/>
            <fileNumberInfo fileNumber="811-21311"/>
            <fileNumberInfo fileNumber="811-23039"/>
            <fileNumberInfo fileNumber="811-21989"/>
            <fileNumberInfo fileNumber="811-21077"/>
            <fileNumberInfo fileNumber="811-21284"/>
            <fileNumberInfo fileNumber="811-07816"/>
            <fileNumberInfo fileNumber="811-23241"/>
            <fileNumberInfo fileNumber="811-23446"/>
            <fileNumberInfo fileNumber="811-23314"/>
            <fileNumberInfo fileNumber="811-21374"/>
            <fileNumberInfo fileNumber="811-10379"/>
            <fileNumberInfo fileNumber="811-21338"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Kathleen A. McCartney</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-21187"/>
            <fileNumberInfo fileNumber="811-09721"/>
            <fileNumberInfo fileNumber="811-10555"/>
            <fileNumberInfo fileNumber="811-21189"/>
            <fileNumberInfo fileNumber="811-10377"/>
            <fileNumberInfo fileNumber="811-08216"/>
            <fileNumberInfo fileNumber="811-22673"/>
            <fileNumberInfo fileNumber="811-21311"/>
            <fileNumberInfo fileNumber="811-21374"/>
            <fileNumberInfo fileNumber="811-23781"/>
            <fileNumberInfo fileNumber="811-23749"/>
            <fileNumberInfo fileNumber="811-23648"/>
            <fileNumberInfo fileNumber="811-23211"/>
            <fileNumberInfo fileNumber="811-23505"/>
            <fileNumberInfo fileNumber="811-23390"/>
            <fileNumberInfo fileNumber="811-21078"/>
            <fileNumberInfo fileNumber="811-21238"/>
            <fileNumberInfo fileNumber="811-10379"/>
            <fileNumberInfo fileNumber="811-21077"/>
            <fileNumberInfo fileNumber="811-21734"/>
            <fileNumberInfo fileNumber="811-21601"/>
            <fileNumberInfo fileNumber="811-23314"/>
            <fileNumberInfo fileNumber="811-07816"/>
            <fileNumberInfo fileNumber="811-10381"/>
            <fileNumberInfo fileNumber="811-21188"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>David N. Fisher</directorName>
          <crdNumber>003085501</crdNumber>
          <isDirectorInterestedPerson>Y</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-07816"/>
            <fileNumberInfo fileNumber="811-23781"/>
            <fileNumberInfo fileNumber="811-23648"/>
            <fileNumberInfo fileNumber="811-21188"/>
            <fileNumberInfo fileNumber="811-21734"/>
            <fileNumberInfo fileNumber="811-10381"/>
            <fileNumberInfo fileNumber="811-09721"/>
            <fileNumberInfo fileNumber="811-21189"/>
            <fileNumberInfo fileNumber="811-21077"/>
            <fileNumberInfo fileNumber="811-21311"/>
            <fileNumberInfo fileNumber="811-22673"/>
            <fileNumberInfo fileNumber="811-23505"/>
            <fileNumberInfo fileNumber="811-23749"/>
            <fileNumberInfo fileNumber="811-21187"/>
            <fileNumberInfo fileNumber="811-08216"/>
            <fileNumberInfo fileNumber="811-10377"/>
            <fileNumberInfo fileNumber="811-23211"/>
            <fileNumberInfo fileNumber="811-23314"/>
            <fileNumberInfo fileNumber="811-21238"/>
            <fileNumberInfo fileNumber="811-23390"/>
            <fileNumberInfo fileNumber="811-21374"/>
            <fileNumberInfo fileNumber="811-21078"/>
            <fileNumberInfo fileNumber="811-10379"/>
            <fileNumberInfo fileNumber="811-21601"/>
            <fileNumberInfo fileNumber="811-10555"/>
          </fileNumbers>
        </director>
      </directors>
      <chiefComplianceOfficers>
        <chiefComplianceOfficer>
          <ccoName>Keisha Audain-Pressley</ccoName>
          <crdNumber>N/A</crdNumber>
          <ccoStreet1>1633 Broadway</ccoStreet1>
          <ccoCity>New York</ccoCity>
          <ccoStateCountry ccoState="US-NY" ccoCountry="US"/>
          <ccoZipCode>10019</ccoZipCode>
          <ccoPhone>XXXXXX</ccoPhone>
          <isCcoChangedSinceLastFiling>N</isCcoChangedSinceLastFiling>
          <ccoEmployers>
            <ccoEmployer ccoEmployerName="N/A" ccoEmployerId="N/A"/>
          </ccoEmployers>
        </chiefComplianceOfficer>
      </chiefComplianceOfficers>
      <securityMatterSeriesInfo isRegistrantSubmittedMatter="Y"></securityMatterSeriesInfo>
      <isPreviousLegalProceeding>N</isPreviousLegalProceeding>
      <isPreviousProceedingTerminated>N</isPreviousProceedingTerminated>
      <isClaimFiled>N</isClaimFiled>
      <coveredByInsurancePolicy isCoveredByInsurancePolicy="Y" isClaimFiledDuringPeriod="N"/>
      <isFinancialSupportDuringPeriod>N</isFinancialSupportDuringPeriod>
      <releaseNumbers isExemptionFromAct="Y">
        <releaseNumberInfo releaseNumber="IC-33897"/>
        <releaseNumberInfo releaseNumber="IC-28370"/>
        <releaseNumberInfo releaseNumber="IC-33824"/>
      </releaseNumbers>
      <isUnderwriterHiredOrTerminated>N</isUnderwriterHiredOrTerminated>
      <publicAccountants>
        <publicAccountant>
          <publicAccountantName>PricewaterhouseCoopers LLP</publicAccountantName>
          <pcaobNumber>238</pcaobNumber>
          <publicAccountantLei>5493002GVO7EO8RNNS37</publicAccountantLei>
          <publicAccountantStateCountry publicAccountantState="US-MO" publicAccountantCountry="US"/>
        </publicAccountant>
      </publicAccountants>
      <isPublicAccountantChanged>N</isPublicAccountantChanged>
      <isMaterialWeakness>N</isMaterialWeakness>
      <isOpinionOffered>N</isOpinionOffered>
      <isMaterialChange>N</isMaterialChange>
      <isAccountingPrincipleChange>N</isAccountingPrincipleChange>
      <paymentDividendSeries isPaymentDividend="Y"></paymentDividendSeries>
    </registrantInfo>
    <managementInvestmentQuestionSeriesInfo>
      <managementInvestmentQuestion>
        <mgmtInvFundName>PIMCO Municipal Income Fund II</mgmtInvFundName>
        <mgmtInvLei>ZVT714KPY3QTZWRT1S41</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <fundType>N/A</fundType>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>Y</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>N/A</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>N/A</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 17a-7 (17 CFR 270.17a-7)</relyOnRuleType>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4 (17 CFR 270.18f-4)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4(d)(ii) (17 CFR 270.18f-4(d)(ii))</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>N</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>N</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Pacific Investment Management Company LLC</investmentAdviserName>
            <investmentAdviserFileNo>801-48187</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000104559</investmentAdviserCrdNo>
            <investmentAdviserLei>549300KGPYQZXGMYYN38</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-CA" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>American Stock Transfer and Trust Company, LLC</transferAgentName>
            <transferAgentFileNo>84-00416</transferAgentFileNo>
            <transferAgentLei>254900TS5EWP83BEOU02</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-NY" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>Bloomberg Valuation Service</pricingServiceName>
            <pricingServiceLei>549300B56MD0ZC402L06</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-DE" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>ICE Data Services</pricingServiceName>
            <pricingServiceLei>5493000NQ9LYLDBCTL34</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-DE" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>IHS Markit</pricingServiceName>
            <pricingServiceLei>213800BVVQOBUSJXSB53</pricingServiceLei>
            <pricingServiceCountry>GB</pricingServiceCountry>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>JPMorgan Chase PricingDirect Inc.</pricingServiceName>
            <pricingServiceLei>549300WIC0TOJ7N7GD54</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-DE" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>Refinitiv US Holdings</pricingServiceName>
            <pricingServiceLei>549300NF240HXJO7N016</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-DE" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>State Street Bank and Trust Company</custodianName>
            <custodianLei>571474TGEMMWANRLN572</custodianLei>
            <custodianStateCountry custodianState="US-MO" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>American Stock Transfer and Trust Company, LLC</shareholderServiceAgentName>
            <shareholderServiceAgentLei>254900TS5EWP83BEOU02</shareholderServiceAgentLei>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-NY" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>N</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>Pacific Investment Management Company LLC</adminName>
            <adminLei>549300KGPYQZXGMYYN38</adminLei>
            <adminStateCountry adminState="US-CA" adminCountry="US"/>
            <isAdminAffiliated>Y</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
          <admin>
            <adminName>State Street Bank and Trust Company</adminName>
            <adminLei>571474TGEMMWANRLN572</adminLei>
            <adminStateCountry adminState="US-MA" adminCountry="US"/>
            <isAdminAffiliated>N</isAdminAffiliated>
            <isAdminSubAdmin>Y</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokerDealers>
          <brokerDealer>
            <brokerDealerName>Allianz Global Investors (Schweiz) AG</brokerDealerName>
            <brokerDealerFileNo>N/A</brokerDealerFileNo>
            <brokerDealerCrdNo>N/A</brokerDealerCrdNo>
            <brokerDealerLei>549300HHHNE56IHKY326</brokerDealerLei>
            <brokerDealerCountry>CH</brokerDealerCountry>
            <brokerDealerCommission>0.00</brokerDealerCommission>
          </brokerDealer>
          <brokerDealer>
            <brokerDealerName>Allianz Global Investors Distributors LLC</brokerDealerName>
            <brokerDealerFileNo>8-41811</brokerDealerFileNo>
            <brokerDealerCrdNo>000025567</brokerDealerCrdNo>
            <brokerDealerLei>549300SP22LYR965RW31</brokerDealerLei>
            <brokerDealerStateCountry brokerDealerState="US-NY" brokerDealerCountry="US"/>
            <brokerDealerCommission>0.00</brokerDealerCommission>
          </brokerDealer>
          <brokerDealer>
            <brokerDealerName>Allianz Life Financial Services, LLC</brokerDealerName>
            <brokerDealerFileNo>8-13630</brokerDealerFileNo>
            <brokerDealerCrdNo>000000612</brokerDealerCrdNo>
            <brokerDealerLei>5493008TSI0TRWDDGW79</brokerDealerLei>
            <brokerDealerStateCountry brokerDealerState="US-MN" brokerDealerCountry="US"/>
            <brokerDealerCommission>0.00</brokerDealerCommission>
          </brokerDealer>
          <brokerDealer>
            <brokerDealerName>PIMCO Canada Corp.</brokerDealerName>
            <brokerDealerFileNo>N/A</brokerDealerFileNo>
            <brokerDealerCrdNo>N/A</brokerDealerCrdNo>
            <brokerDealerLei>549300PNZNS0LQSMZ318</brokerDealerLei>
            <brokerDealerCountry>CA</brokerDealerCountry>
            <brokerDealerCommission>0.00</brokerDealerCommission>
          </brokerDealer>
          <brokerDealer>
            <brokerDealerName>PIMCO Europe GmbH</brokerDealerName>
            <brokerDealerFileNo>N/A</brokerDealerFileNo>
            <brokerDealerCrdNo>N/A</brokerDealerCrdNo>
            <brokerDealerLei>549300KW6332H0XL8X85</brokerDealerLei>
            <brokerDealerCountry>DE</brokerDealerCountry>
            <brokerDealerCommission>0.00</brokerDealerCommission>
          </brokerDealer>
          <brokerDealer>
            <brokerDealerName>PIMCO Investments LLC</brokerDealerName>
            <brokerDealerFileNo>8-68686</brokerDealerFileNo>
            <brokerDealerCrdNo>000154957</brokerDealerCrdNo>
            <brokerDealerLei>N/A</brokerDealerLei>
            <brokerDealerStateCountry brokerDealerState="US-NY" brokerDealerCountry="US"/>
            <brokerDealerCommission>0.00</brokerDealerCommission>
          </brokerDealer>
        </brokerDealers>
        <aggregateCommission>0.00</aggregateCommission>
        <principalTransactions>
          <principalTransaction>
            <principalName>BNY Mellon Capital Markets, LLC</principalName>
            <principalFileNo>8-35255</principalFileNo>
            <principalCrdNo>000017454</principalCrdNo>
            <principalLei>VJW2DOOHGDT6PR0ZRO63</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>167502353.45</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Barclays Capital, Inc.</principalName>
            <principalFileNo>8-41342</principalFileNo>
            <principalCrdNo>000019714</principalCrdNo>
            <principalLei>AC28XWWI3WIBK2824319</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>60265268.95</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Citigroup Global Markets, Inc.</principalName>
            <principalFileNo>8-08177</principalFileNo>
            <principalCrdNo>000007059</principalCrdNo>
            <principalLei>MBNUM2BPBDO7JBLYG310</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>182784858.54</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>J.P. Morgan Securities LLC</principalName>
            <principalFileNo>8-35008</principalFileNo>
            <principalCrdNo>000000079</principalCrdNo>
            <principalLei>ZBUT11V806EZRVTWT807</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>211845975.71</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Jefferies Co., Inc.</principalName>
            <principalFileNo>8-15074</principalFileNo>
            <principalCrdNo>000002347</principalCrdNo>
            <principalLei>58PU97L1C0WSRCWADL48</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>48844809.50</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Merrill Lynch, Pierce, Fenner, &amp; Smith</principalName>
            <principalFileNo>8-07221</principalFileNo>
            <principalCrdNo>000007691</principalCrdNo>
            <principalLei>8NAV47T0Y26Q87Y0QP81</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>30431960.00</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Morgan Stanley &amp; Co., Inc.</principalName>
            <principalFileNo>8-15869</principalFileNo>
            <principalCrdNo>000008209</principalCrdNo>
            <principalLei>9R7GPTSO7KV3UQJZQ078</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>349493964.23</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>RBC Capital Markets Corp.</principalName>
            <principalFileNo>8-45411</principalFileNo>
            <principalCrdNo>000031194</principalCrdNo>
            <principalLei>549300LCO2FLSSVFFR64</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>67648789.70</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>State Street Global Markets, LLC</principalName>
            <principalFileNo>8-69862</principalFileNo>
            <principalCrdNo>000285852</principalCrdNo>
            <principalLei>549300FDEDF5ORXCMQ56</principalLei>
            <principalStateCountry principalState="US-MA" principalCountry="US"/>
            <principalTotalPurchaseSale>3350226143.81</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Wells Fargo Securities, LLC</principalName>
            <principalFileNo>8-65876</principalFileNo>
            <principalCrdNo>000126292</principalCrdNo>
            <principalLei>VYVVCKR63DVZZN70PB21</principalLei>
            <principalStateCountry principalState="US-NC" principalCountry="US"/>
            <principalTotalPurchaseSale>39763411.50</principalTotalPurchaseSale>
          </principalTransaction>
        </principalTransactions>
        <principalAggregatePurchase>4591842268.84</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>625125573.59</mnthlyAvgNetAssets>
      </managementInvestmentQuestion>
    </managementInvestmentQuestionSeriesInfo>
    <closedEndManagementInvestment>
      <securityRelatedItems>
        <securityRelatedItem>
          <description>Common stock</description>
          <securityClassTitle>PIMCO Municipal Income Fund II</securityClassTitle>
          <commonStocks>
            <commonStock commonStockExchange="XNYS" commonStockTickerSymbol="PML"/>
          </commonStocks>
        </securityRelatedItem>
        <securityRelatedItem>
          <description>Preferred stock</description>
          <securityClassTitle>PIMCO Municipal Income Fund II A</securityClassTitle>
          <commonStocks>
            <commonStock commonStockExchange="N/A" commonStockTickerSymbol="N/A"/>
          </commonStocks>
        </securityRelatedItem>
        <securityRelatedItem>
          <description>Preferred stock</description>
          <securityClassTitle>PIMCO Municipal Income Fund II C</securityClassTitle>
          <commonStocks>
            <commonStock commonStockExchange="N/A" commonStockTickerSymbol="N/A"/>
          </commonStocks>
        </securityRelatedItem>
        <securityRelatedItem>
          <description>Preferred stock</description>
          <securityClassTitle>PIMCO Municipal Income Fund II D</securityClassTitle>
          <commonStocks>
            <commonStock commonStockExchange="N/A" commonStockTickerSymbol="N/A"/>
          </commonStocks>
        </securityRelatedItem>
        <securityRelatedItem>
          <description>Preferred stock</description>
          <securityClassTitle>PIMCO Municipal Income Fund II E</securityClassTitle>
          <commonStocks>
            <commonStock commonStockExchange="N/A" commonStockTickerSymbol="N/A"/>
          </commonStocks>
        </securityRelatedItem>
        <securityRelatedItem>
          <description>Preferred stock</description>
          <securityClassTitle>PIMCO Municipal Income Fund II B</securityClassTitle>
          <commonStocks>
            <commonStock commonStockExchange="N/A" commonStockTickerSymbol="N/A"/>
          </commonStocks>
        </securityRelatedItem>
        <securityRelatedItem>
          <description>Preferred stock</description>
          <securityClassTitle>PIMCO Municipal Income Fund II Series 2051</securityClassTitle>
          <commonStocks>
            <commonStock commonStockExchange="N/A" commonStockTickerSymbol="N/A"/>
          </commonStocks>
        </securityRelatedItem>
      </securityRelatedItems>
      <isRightsOffering>N</isRightsOffering>
      <isSecondaryOffering>N</isSecondaryOffering>
      <isRepurchaseSecurity>N</isRepurchaseSecurity>
      <isDefaultLongTermDebt>N</isDefaultLongTermDebt>
      <isDividendsInArrears>N</isDividendsInArrears>
      <isSecuritiesModified>N</isSecuritiesModified>
      <managementFee>1.183</managementFee>
      <netOperatingExpenses>1.937</netOperatingExpenses>
      <marketPricePerShare>9.04</marketPricePerShare>
      <netAssetValuePerShare>8.76</netAssetValuePerShare>
    </closedEndManagementInvestment>
    <attachmentsTab>
      <isIPAReportInternalControl>true</isIPAReportInternalControl>
      <isNewOrAmendedInvAdvContracts>true</isNewOrAmendedInvAdvContracts>
    </attachmentsTab>
    <signature registrantSignedName="PIMCO Municipal Income Fund II" signedDate="2023-03-15" signature="Bijal Parikh" title="Treasurer"/>
  </formData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>INTERNAL CONTROL RPT
<SEQUENCE>2
<FILENAME>g1aiii-pimco123122_pml.htm
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Report
of Independent Registered Public Accounting Firm</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 84pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">To
the Board of Trustees and Shareholders of PIMCO Municipal Income Fund II</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
planning and performing our audit of the financial statements of PIMCO Municipal Income Fund II (the &ldquo;Fund&rdquo;) as of
and for the year ended December 31, 2022, in accordance with the standards of the Public Company Accounting Oversight Board (United
States) (PCAOB), we considered the Fund&rsquo;s internal control over financial reporting, including controls over safeguarding
securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements
and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the
Fund&rsquo;s internal control over financial reporting. Accordingly, we do not express an opinion on the effectiveness of the
Fund&rsquo;s internal control over financial reporting.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting. In
fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related
costs of controls. A fund&rsquo;s internal control over financial reporting is a process designed to provide reasonable assurance
regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance
with generally accepted accounting principles. A fund&rsquo;s internal control over financial reporting includes those policies
and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions
and dispositions of the assets of the fund; (2) provide reasonable assurance that transactions are recorded as necessary to permit
preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures
of the fund are being made only in accordance with authorizations of management and trustees of the fund; and (3) provide reasonable
assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a fund&rsquo;s assets that
could have a material effect on the financial statements.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Because
of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections
of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes
in conditions, or that the degree of compliance with the policies or procedures may deteriorate.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">A
deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management
or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis.
A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that
there is a reasonable possibility that a material misstatement of the fund&rsquo;s annual or interim financial statements will
not be prevented or detected on a timely basis.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
consideration of the Fund&rsquo;s internal control over financial reporting was for the limited purpose described in the first
paragraph and would not necessarily disclose all deficiencies in internal control over financial reporting that might be material
weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Fund&rsquo;s internal control over
financial reporting and its operation, including controls over safeguarding securities, that we consider to be material weaknesses
as defined above as of December 31, 2022.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; color: Red"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-top: rgb(79,129,189) 1pt dotted; border-left: rgb(79,129,189) 1pt dotted"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><I>PricewaterhouseCoopers
    LLP, 1100 Walnut, Suite 1300, Kansas City, MO 64106</I></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><I>T:
(816) 472 7921, F: (816) 218 1890, www.pwc.com/us</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 1; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo --><!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt">&nbsp;</DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; color: Red"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-indent: 0.05pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
report is intended solely for the information and use of the Board of Trustees of PIMCO Municipal Income Fund II and the Securities
and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-indent: 0.05pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; color: Red"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt/109% Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">/s/
PricewaterhouseCoopers LLP</P>

<P STYLE="font: 10pt/109% Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Kansas
City, Missouri</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">February
28, 2023</FONT></P>

<!-- Field: Page; Sequence: 2; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence -->&nbsp;</P></DIV>

    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 231pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="margin-top: 0; font: 10pt Times New Roman, Times, Serif; margin-bottom: 0; margin-left: 0"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>ADVISORY CONTRACTS
<SEQUENCE>3
<FILENAME>g1biii-pimco123122_cef.htm
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 12pt"><B>AMENDMENT
TO</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 12pt"><B>INVESTMENT
MANAGEMENT AGREEMENTS</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 12pt"><B>Pacific
Investment Management Company LLC</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 12pt"><B>650
Newport Center Drive</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 12pt"><B>Newport
Beach, California 92660</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 12pt">March
25, 2022</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-size: 12pt">PIMCO-Sponsored
Closed-End Funds</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-size: 12pt">650
Newport Center Drive</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-size: 12pt">Newport
Beach, California 92660</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font-size: 12pt">RE:</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">Investment
                                         in PIMCO Private Account Portfolio Series</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-size: 12pt">To
whom it may concern:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-size: 12pt">As
of the date hereof, Pacific Investment Management Company LLC (&ldquo;<U>PIMCO</U>&rdquo;) and each of PCM Fund, Inc., PIMCO Access
Income Fund, PIMCO California Municipal Income Fund, PIMCO California Municipal Income Fund II, PIMCO California Municipal Income
Fund III, PIMCO Corporate &amp; Income Opportunity Fund, PIMCO Corporate &amp; Income Strategy Fund, PIMCO Dynamic Income Fund,
PIMCO Dynamic Income Opportunities Fund, PIMCO Energy and Tactical Credit Opportunities Fund, PIMCO Flexible Credit Income Fund,
PIMCO Flexible Emerging Markets Income Fund, PIMCO Flexible Municipal Income Fund, PIMCO Global StocksPLUS &amp; Income Fund,
PIMCO High Income Fund, PIMCO Income Strategy Fund, PIMCO Income Strategy Fund II, PIMCO Municipal Income Fund, PIMCO Municipal
Income Fund II, PIMCO Municipal Income Fund III, PIMCO New York Municipal Income Fund, PIMCO New York Municipal Income Fund II,
PIMCO New York Municipal Income Fund III and PIMCO Strategic Income Fund, Inc. (each, a &ldquo;<U>Fund</U>&rdquo;) hereby agree
to amend the investment management agreement, as amended, restated and/or supplemented (each, an &ldquo;<U>Agreement</U>&rdquo;),
between PIMCO and the Fund, as set forth on <U>Appendix A</U> hereto, to add the following to Schedule A of each Agreement:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.5in; text-align: justify"><FONT STYLE="font-size: 12pt">The
Fund may invest in shares of PIMCO Funds: Private Account Portfolio Series &ndash; PIMCO Short-Term Floating NAV Portfolio III
and PIMCO Funds: Private Account Portfolio Series &ndash; PIMCO Short Asset Portfolio, each a series of PIMCO Funds (the &ldquo;<U>PAPS
Central Fund</U>s&rdquo;). The PAPS Central Funds are offered only to the Fund and other registered investment companies (or series
thereof) for which PIMCO serves as investment adviser (each, an &ldquo;<U>Investing Fund</U>&rdquo;). The PAPS Central Funds and
their wholly-owned subsidiaries (if any) do not pay an investment advisory fee to PIMCO. By investing in a PAPS Central Fund,
each Investing Fund agrees that 0.005% of the investment management fee that such Investing Fund is currently obligated to pay
PIMCO, as indicated on this Schedule A, will be designated as compensation for the investment advisory services PIMCO provides
to the applicable PAPS Central Fund and its wholly-owned subsidiary (if any) under the investment advisory contract with PIMCO.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<!-- Field: Page; Sequence: 1; Options: NewSection -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 9pt Times New Roman, Times, Serif">&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-indent: 0.5in; text-align: justify"><FONT STYLE="font-size: 12pt">If the
foregoing correctly sets forth the Agreement between the PIMCO and the Fund, please so indicate by signing, dating and returning
to PIMCO the enclosed copy hereof.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 9pt Times New Roman, Times, Serif">&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>




<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 12pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: left"><FONT STYLE="font-size: 12pt">Very truly yours,</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 42%"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; width: 50%"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 12pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 12pt">PACIFIC INVESTMENT MANAGEMENT COMPANY
    LLC</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 12pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 12pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 12pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 12pt">By:</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 12pt">/s/ Peter Strelow</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 12pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 12pt">Name:</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 12pt">Peter Strelow</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 12pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 12pt">Title:</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 12pt">Managing Director</FONT></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2"><FONT STYLE="font-size: 12pt">ACCEPTED:</FONT></TD>
    <TD><FONT STYLE="font-size: 12pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 6%"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; width: 44%"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 50%"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 12pt">EACH FUND LISTED ON APPENDIX A HERTO</FONT></TD>
    <TD><FONT STYLE="font-size: 12pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="text-align: left"><FONT STYLE="font-size: 12pt">(with respect to each Fund, severally and neither jointly
    nor</FONT></TD>
    <TD><FONT STYLE="font-size: 12pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="text-align: left"><FONT STYLE="font-size: 12pt">jointly and severally with any other Fund)</FONT></TD>
    <TD><FONT STYLE="font-size: 12pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 12pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 12pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 12pt">By:&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 12pt">/s/ Eric Johnson</FONT></TD>
    <TD><FONT STYLE="font-size: 12pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 12pt">Name:</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 12pt">Eric Johnson</FONT></TD>
    <TD><FONT STYLE="font-size: 12pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 12pt">Title:</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 12pt">President</FONT></TD>
    <TD><FONT STYLE="font-size: 12pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 12pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 12pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="text-align: left"><FONT STYLE="font-size: 12pt"><B>PIMCO FUNDS,</B> on behalf of its series PIMCO Funds:</FONT></TD>
    <TD><FONT STYLE="font-size: 12pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="text-align: left"><FONT STYLE="font-size: 12pt">Private Account Portfolio Series - PIMCO Short-Term
    Floating</FONT></TD>
    <TD><FONT STYLE="font-size: 12pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="text-align: left"><FONT STYLE="font-size: 12pt">NAV Portfolio III and PIMCO Funds: Private Account&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 12pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="text-align: left"><FONT STYLE="font-size: 12pt">Portfolio Series - PIMCO Short Asset Portfolio</FONT></TD>
    <TD><FONT STYLE="font-size: 12pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 12pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 12pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 12pt">By:</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 12pt">/s/ Eric Johnson</FONT></TD>
    <TD><FONT STYLE="font-size: 12pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 12pt">Name:</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 12pt">Eric Johnson</FONT></TD>
    <TD><FONT STYLE="font-size: 12pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 12pt">Title:</FONT></TD>
    <TD><FONT STYLE="font-size: 12pt">President</FONT></TD>
    <TD><FONT STYLE="font-size: 12pt">&nbsp;</FONT></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 9pt Times New Roman, Times, Serif">&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 12pt"><B><U>Appendix
A</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; border: black 1pt solid; text-align: center; font-size: 10pt; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><B>Agreement</B></FONT></TD>
    <TD STYLE="width: 50%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; font-size: 10pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><B>Applicable
    Fund(s)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 11pt">Investment
        Management Agreement dated</FONT></P>

        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 11pt">September
        5, 2014</FONT></P>
        </TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 11pt">PCM
        Fund, Inc.</FONT></P>

        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 11pt">PIMCO
        California Municipal Income Fund</FONT></P>

        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 11pt">PIMCO
        California Municipal Income Fund II</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 11pt">PIMCO California Municipal Income Fund III</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 11pt">PIMCO Corporate &amp; Income Strategy Fund</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 11pt">PIMCO Corporate &amp; Income Opportunity Fund</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 11pt">PIMCO Dynamic Income Fund</FONT></P>

        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 11pt">PIMCO
        Global StocksPLUS &amp; Income Fund</FONT></P>

        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 11pt">PIMCO
        High Income Fund</FONT></P>

        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 11pt">PIMCO
        Municipal Income Fund</FONT></P>

        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 11pt">PIMCO
        Municipal Income Fund II</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 11pt">PIMCO Municipal Income Fund III</FONT></P>

        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 11pt">PIMCO
        New York Municipal Income Fund</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 11pt">PIMCO New York Municipal Income Fund II</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 11pt">PIMCO New York Municipal Income Fund III</FONT></P>

        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 11pt">PIMCO
        Strategic Income Fund, Inc.</FONT></P>
        </TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 11pt">Investment
        Management Agreement dated</FONT></P>

        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 11pt">September
        5, 2014</FONT></P>
        </TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 11pt">PIMCO
        Income Strategy Fund</FONT></P>

        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 11pt">PIMCO
        Income Strategy Fund II</FONT></P>
        </TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 11pt">Amended
        and Restated Investment Management</FONT></P>

        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 11pt">Agreement
        dated March 21, 2018</FONT></P>
        </TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 11pt">PIMCO
        Flexible Credit Income Fund</FONT></P>

        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 11pt">PIMCO
        Flexible Municipal Income Fund</FONT></P>
        </TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 11pt">Investment
        Management Agreement dated</FONT></P>

        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 11pt">December
        13, 2018</FONT></P>
        </TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 11pt">PIMCO
Energy and Tactical Credit Opportunities Fund</FONT></P>
        </TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 11pt">Investment
        Management Agreement dated</FONT></P>

        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 11pt">October
        8, 2020</FONT></P>
        </TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font-size: 10pt; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">PIMCO
    Dynamic Income Opportunities Fund</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 11pt">Investment
        Management Agreement dated June</FONT></P>

        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 11pt">30,
        2021</FONT></P>
        </TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font-size: 10pt; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">PIMCO
    Flexible Emerging Markets Income Fund</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 11pt">Investment
        Management Agreement dated</FONT></P>

        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 11pt">December
        9, 2021</FONT></P>
        </TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font-size: 10pt; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">PIMCO
    Access Income Fund</FONT></TD></TR>
</TABLE>


<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<!-- Field: Page; Sequence: 4 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 9pt Times New Roman, Times, Serif">&nbsp;</P></DIV>
    <!-- Field: /Page -->

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
