Pimco Income Strategy Fund II is a closed-ended mutual fund focusing on fixed income investments primarily within the United States. Managed by Allianz Global Investors and co-managed by Pacific Investment Management Company, it specializes in high-yield senior floating-rate loans across various sectors. The fund leverages fundamental analysis and a top-down approach, supported by in-house research, to build its portfolio. Originally known as PIMCO Floating Rate Strategy Fund, it was established in 2004 and is based in the United States.