UNITED STATES   
  SECURITIES AND EXCHANGE COMMISSION    OMB APPROVAL 
  Washington, DC 20549         OMB Number: 3235-0578 
           Expires: February 28, 2006 
           Estimated average burden 
 
FORM N-Q 
       hours per response: 20.0 
     

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act File Number: 811-21077

Registrant Name: PIMCO California Municipal Income Fund II

Address of Principal Executive Offices: 1345 Avenue of the Americas New York, New York 10105

Name and Address of Agent for Service: Lawrence G. Altadonna – 1345 Avenue of the Americas New York, New York 10105

Registrant’s telephone number, including area code: 212-739-3371

Date of Fiscal Year End: 5/31/06

Date of Reporting Period: 8/31/05

Form N-Q is to be used by the registered management investment company, other than a small business investment company registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b 1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1 -5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

Item 1. Schedule of Investments




PIMCO California Municipal Income Fund II Schedule of Investments
August 31, 2005 (unaudited)
Principal        
Amount   Credit Rating     
(000)
  (Moody's/S&P)  Value*   
 
CALIFORNIA MUNICIPAL BONDS & NOTES—87.2%       
$2,000   ABC Unified School Dist., GO,       
       zero coupon, 8/1/23, Ser. B (FGIC)  Aaa/AAA  $903,220   
1,000   Alpine Union School Dist., GO,       
       zero coupon, 8/1/24, Ser. B (FSA)  Aaa/AAA  436,810   
8,115   Anaheim City School Dist., GO,       
       5.00%, 8/1/26 (FGIC) (Pre-refunded @ $101, 8/1/11) (b)  Aaa/AAA  8,980,546   
  Association of Bay Area Governments Finance Auth. Rev.,       
       Odd Fellows Home,       
5,300        5.20%, 11/15/22  NR/A  5,595,422   
26,000        5.35%, 11/15/32  NR/A  27,804,400   
23,000   Bakersfield, CP, zero coupon, 4/15/21  NR/AAA  11,695,730   
  Bay Area Governments Assoc.,       
1,945      Improvement Board Act of 1915 Special Assessment, 6.30%, 9/2/25  NR/NR  2,075,548   
2,000      Lease Rev., 5.00%, 7/1/32, Ser. 2002-1 (AMBAC)  Aaa/AAA  2,112,620   
1,085   Capistrano Unified School Dist., Community Fac. Dist.,       
       Special Tax, 5.70%, 9/1/20 (Pre-refunded @ $102, 9/1/09) (b)  NR/NR  1,210,079   
1,100   Cathedral City Cove Improvements Dist.04-02,       
       Special Assessment, 5.00%, 9/2/30  NR/NR  1,109,339   
2,300   Ceres Unified School Dist., GO,       
       zero coupon, 8/1/27 (FGIC)  Aaa/AAA  696,256   
  Chula Vista, Special Tax,       
1,160        6.05%, 9/1/25 (Pre-refunded @ $102, 9/1/10) (b)  NR/NR  1,332,202   
2,500        6.10%, 9/1/32 (Pre-refunded @ $102, 9/1/10) (b)  NR/NR  2,876,850   
1,825        6.15%, 9/1/26  NR/NR  1,931,014   
4,380        6.20%, 9/1/33  NR/NR  4,639,778   
  Clovis Unified School Dist., GO, Ser. B (FGIC),       
2,000        zero coupon, 8/1/23  Aaa/AAA  903,220   
3,535        zero coupon, 8/1/25  Aaa/AAA  1,438,215   
2,500        zero coupon, 8/1/27  Aaa/AAA  913,450   
1,410   Community College Financing Auth. Lease Rev.,       
       5.00%, 8/1/27, Ser. A (AMBAC)  Aaa/AAA  1,499,761   
  Corona-Norco Unified School Dist., Public Financing Auth.,       
       Special Tax, Ser. A,       
210        5.55%, 9/1/15  NR/NR  214,750   
305        5.65%, 9/1/16  NR/NR  312,055   
160        5.75%, 9/1/17  NR/NR  164,251   
530        6.00%, 9/1/20  NR/NR  546,435   
1,000        6.00%, 9/1/25  NR/NR  1,029,250   
4,150        6.10%, 9/1/32  NR/NR  4,287,946   
1,110   Corona-Norco Unified School Dist., Special Tax,       
       5.10%, 9/1/25 (AMBAC)  Aaa/AAA  1,172,693   
2,800   Cotati Redev. Agcy., Tax Allocation,       
       5.00%, 9/1/31, Ser. A (MBIA)  Aaa/AAA  2,915,948   
3,000   Dinuba Financing Authority Lease Rev.,       
       5.10%, 8/1/32 (MBIA)  Aaa/AAA  3,182,700   

PIMCO California Municipal Income Fund II Schedule of Investments
August 31, 2005 (unaudited)
Principal      
Amount   Credit Rating    
(000)
  (Moody's/S&P) Value*   
  Educational Facs. Auth. Rev.,     
$3,475        Loyola Marymount Univ., zero coupon, 10/1/34 (MBIA)  Aaa/NR $872,746   
       Mills College, Ser. A,     
1,810        5.00%, 9/1/29 
A3/NR
1,882,147   
2,320        5.00%, 9/1/34 
A3/NR
2,408,694   
  Empire Union School Dist., Special Tax,     
1,560        zero coupon, 10/1/30  Aaa/AAA 473,834   
1,265        zero coupon, 10/1/32  Aaa/AAA 345,724   
1,000   Escondido Union School Dist., GO,     
       zero coupon, 8/1/27 (FSA)  Aaa/AAA 365,380   
2,440   Eureka Union School Dist., GO,     
       zero coupon, 8/1/27 (FSA)  Aaa/AAA 891,527   
  Foothill Eastern Corridor Agcy. Toll Road Rev.,     
7,100        zero coupon, 1/1/25, Ser. A  Aaa/AAA 3,138,768   
3,270        zero coupon, 1/1/26, Ser. A  Aaa/AAA 1,374,839   
1,500        zero coupon, 1/15/27 (MBIA-IBC)  Aaa/AAA 1,375,260   
3,780        zero coupon, 1/1/28, Ser. A  Aaa/AAA 1,440,331   
17,860        zero coupon, 1/1/30, Ser. A  Aaa/AAA 6,080,437   
400   Franklin-McKinley School Dist., GO,     
       5.00%, 8/1/27, Ser. B (FSA)  Aaa/AAA 426,860   
1,440   Fremont Community Facs. Dist. No. 1, Special Tax,     
       5.30%, 9/1/30  NR/NR 1,468,123   
  Golden State Tobacco Securitization Corp.,     
       Tobacco Settlement Rev., Ser. 2003-A-1,     
11,700        6.25%, 6/1/33  Baa3/BBB 13,048,542   
36,200        6.75%, 6/1/39  Baa3/BBB 41,800,864   
  Health Facs. Finance Auth. Rev.,     
5,500        5.125%, 1/1/22  NR/A 5,874,550   
3,875        5.25%, 1/1/26 (CA Mtg. Ins.)  NR/A 4,121,334   
2,115        5.375%, 11/1/20  NR/A 2,276,226   
565        Catholic Healthcare Facs., 5.00%, 7/1/28, Ser. A 
A3/A-
573,656   
1,750  
Huntington Beach Community Facs. Dist., Special Tax, (MBIA), 
   
       6.30%, 9/1/32  NR/NR 1,807,207   
  Industry Urban Dev. Agcy., Tax Allocation, (MBIA),      
1,045        Transportation Dist. 2, 4.75%, 5/1/21 Aaa/AAA 1,073,811   
1,035        Transportation Dist. 3, 4.75%, 5/1/21 Aaa/AAA 1,063,535   
200   Infrastructure & Economic Dev. Bank Rev.,     
       Bay Area Toll Bridges, 5.00%, 7/1/36 (AMBAC)  Aaa/AAA 212,338   
7,000   Irvine Improvement Board Act 1915,     
       5.70%, 9/2/26  NR/NR 7,225,190   
1,900   Jurupa Unified School Dist., GO,     
       zero coupon, 5/1/27 (FGIC)  Aaa/AAA 694,222   
2,450   Kings Canyon JT Unified School Dist., GO,     
       zero coupon, 8/1/27 (FGIC)  Aaa/AAA 895,181   
5,300  
Livermore-Amador Valley Water Management Agcy. Rev., 
   
       5.00%, 8/1/31, Ser. A (AMBAC)  Aaa/AAA 5,558,958   
5,935   Long Beach Unified School Dist., GO,     
       5.00%, 8/1/27, Ser. C (MBIA)  Aaa/NR 6,220,058   
  Los Angeles, CP, (MBIA),     
9,895        5.00%, 2/1/27 Aaa/AAA 10,420,128   
2,685        5.00%, 10/1/27, Ser. AU Aaa/AAA 2,840,381   

PIMCO California Municipal Income Fund II Schedule of Investments
August 31, 2005 (unaudited)
Principal        
Amount   Credit Rating     
(000)
  (Moody's/S&P)  Value*   
$7,200   Los Angeles, Wastewater System. Rev.,       
       5.00%, 6/1/30, Ser. A (FGIC)  Aaa/AAA  $7,599,312   
1,000   Manhattan Beach Unified School Dist., GO,       
       zero coupon, 9/1/25 (FGIC)  Aaa/AAA  405,320   
7,295   Manteca Redev. Agcy., Tax Allocation,       
       5.00%, 10/1/32 (FSA)  Aaa/AAA  7,748,165   
  Manteca Unified School Dist., Special Tax, (MBIA),       
2,365        zero coupon, 9/1/25  Aaa/AAA  949,264   
5,330        5.00%, 9/1/29, Ser. C Aaa/AAA  5,602,310   
4,000   Merced Cnty., CP,       
       5.00%, 6/1/32 (AMBAC)  Aaa/NR  4,192,960   
 
Modesto Elementary School Dist. Stanislaus Cnty., GO, Ser. A (FGIC), 
     
2,615        zero coupon, 8/1/23  Aaa/AAA  1,170,657   
2,705        zero coupon, 8/1/24  Aaa/AAA  1,149,273   
2,000        zero coupon, 5/1/27  Aaa/AAA  731,420   
2,150   Modesto High School Dist. Stanislaus Cnty., GO,       
       zero coupon, 8/1/26, Ser. A (FGIC)  Aaa/AAA  829,277   
1,000   Modesto Public Financing Auth. Lease Rev.,       
       5.00%, 9/1/29 (AMBAC)  Aaa/AAA  1,049,160   
2,385   Monrovia Financing Auth. Lease Rev., Hillside       
       Wilderness Preserve, 5.125%, 12/1/31 (AMBAC)  Aaa/AAA  2,569,337   
  Montebello Unified School Dist., GO,       
1,500        zero coupon, 8/1/24 (FGIC)  Aaa/AAA  643,215   
1,485        zero coupon, 8/1/24 (FSA)  Aaa/AAA  636,783   
2,830        zero coupon, 8/1/25 (FGIC)  Aaa/AAA  1,151,385   
2,775        zero coupon, 8/1/27 (FGIC)  Aaa/AAA  1,013,929   
2,400   Morgan Hill Unified School Dist., GO,       
       zero coupon, 8/1/23 (FGIC)  Aaa/AAA  1,083,864   
1,500   Mountain View-Whisman School Dist., GO,       
       5.00%, 6/1/27, Ser. D (MBIA)  Aaa/AAA  1,598,865   
1,800   Murrieta Redev. Agcy., Tax Allocation,       
       5.00%, 8/1/32 (MBIA)  Aaa/AAA  1,910,088   
3,245   Newark Unified School Dist., GO,       
       zero coupon, 8/1/26, Ser. D (FSA)  Aaa/AAA  1,251,629   
  Oakland Redev. Agcy., Tax Allocation,       
1,395        5.25%, 9/1/27  NR/A-  1,460,858   
2,185        5.25%, 9/1/33  NR/A-  2,286,755   
1,000   Orange Cnty. Community Facs. Dist., Special Tax,       
       No. 01-1-Ladera Ranch, 6.00%, 8/15/25, Ser. A  NR/NR  1,066,930   
12,000   Orange Cnty. Sanitation Dist., CP,       
       5.25%, 2/1/30 (FGIC)  Aaa/AAA  13,007,280   
  Palmdale Community Redev. Agcy., Tax Allocation (AMBAC),       
1,230        zero coupon, 12/1/30  Aaa/AAA  375,248   
1,230        zero coupon, 12/1/31  Aaa/AAA  356,183   
1,225        zero coupon, 12/1/32  Aaa/AAA  336,569   
1,750   Paramount Unified School Dist., GO,       
       zero coupon, 9/1/23, Ser. B (FSA)  Aaa/AAA  787,395   
  Perris Public Financing Auth. Rev., Tax Allocation,       
1,190        4.75%, 10/1/23, Ser. B (MBIA)  Aaa/AAA  1,245,311   
780        5.375%, 10/1/20, Ser. C  NR/BBB  827,354   
1,800        5.625%, 10/1/31, Ser. C  NR/BBB  1,934,118   

PIMCO California Municipal Income Fund II Schedule of Investments
August 31, 2005 (unaudited)
Principal        
Amount   Credit Rating     
(000)
  (Moody's/S&P)  Value*   
$10,150   Placer Union High School Dist., GO,       
       zero coupon, 8/1/33 (FSA)  Aaa/AAA  $2,694,520   
  Poway Unified School Dist., Special Tax,       
       Community FACS Dist. No. 6,       
1,500        5.50%, 9/1/25  NR/NR  1,519,035   
3,000        5.60%, 9/1/33  NR/NR  3,045,630   
       Community FACS Dist. No. 6-Area-A,       
1,000        6.05%, 9/1/25  NR/NR  1,047,420   
5,500        6.125%, 9/1/33  NR/NR  5,707,295   
       Community FACS Dist. No. 10-Area-D,       
1,000        5.65%, 9/1/25  NR/NR  1,012,780   
2,200        5.70%, 9/1/32  NR/NR  2,228,864   
2,000   Rancho Cucamonga Community Facs. Dist., Special Tax,       
       6.375%, 9/1/31, Ser. A  NR/NR  2,145,980   
1,500   Richmond Wastewater Rev., zero coupon, 8/1/30 (FGIC)  Aaa/AAA  464,865   
3,510   Riverside, CP, 5.00%, 9/1/33 (AMBAC)  Aaa/AAA  3,706,139   
  Rocklin Unified School Dist., GO (FGIC),       
5,000        zero coupon, 8/1/24  Aaa/AAA  2,144,050   
4,000        zero coupon, 8/1/25  Aaa/AAA  1,627,400   
4,000        zero coupon, 8/1/26  Aaa/AAA  1,542,840   
4,500        zero coupon, 8/1/27  Aaa/AAA  1,644,210   
  Roseville Redev. Agcy., Tax Allocation (MBIA),       
3,730        5.00%, 9/1/27  Aaa/AAA  3,960,216   
3,365        5.00%, 9/1/32  Aaa/AAA  3,557,949   
2,155        5.00%, 9/1/33  Aaa/AAA  2,278,568   
  Sacramento City Financing Auth. Rev.,       
4,500        5.00%, 12/1/32, Ser. A (FSA) (Pre-refunded @ $100, 12/1/12) (b)  Aaa/AAA  4,994,775   
4,730        North Natomas CFD No. 2, 6.25%, 9/1/23, Ser. A  NR/NR  4,934,620   
12,490   Sacramento Cnty. Airport System. Rev.,       
       5.00%, 7/1/32, Ser. A (FSA)  Aaa/AAA  13,099,137   
  San Diego Cnty. Water Auth. Water Rev., CP, Ser. A (MBIA),       
8,285        5.00%, 5/1/28  Aaa/AAA  8,758,985   
8,000        5.00%, 5/1/29  Aaa/AAA  8,441,520   
  San Diego Public Facs. Financing Auth. Lease Rev.,       
1,000        5.00%, 5/15/29, Ser. A (FGIC)  Aaa/AAA  1,044,340   
1,500        Fire & Life Safety Facilities, 5.00%, 4/1/32 (MBIA)  Aaa/AAA  1,570,860   
14,000   San Diego Public Facs. Financing Auth. Water Rev.,       
       5.00%, 8/1/32 (MBIA)  Aaa/AAA  14,733,180   
 
San Francisco City & Cnty. Airport Community, Int'l Airport Rev. (MBIA), 
     
5,585        4.50%, 5/1/28, Ser. 2  Aaa/AAA  5,597,734   
20,300        5.00%, 5/1/32, Ser. 28B  Aaa/AAA  21,268,919   
10,405   San Joaquin Hills Transportation Corridor Agcy. Toll Road Rev.,       
       zero coupon, 1/1/25  Aaa/AAA  4,599,842   
10,190   San Jose, Libraries & Parks, GO, 5.125%, 9/1/31  Aa1/AA+  10,817,093   
  San Juan Unified School Dist., GO (FSA),       
1,770        zero coupon, 8/1/23  Aaa/AAA  799,350   
6,105        zero coupon, 8/1/26  Aaa/AAA  2,354,760   
4,835   San Mateo Foster City School Dist., GO,       
       5.10%, 8/1/31 (FGIC)  Aaa/AAA  5,134,528   

PIMCO California Municipal Income Fund II Schedule of Investments
August 31, 2005 (unaudited)
Principal      
Amount   Credit Rating    
(000)
  (Moody's/S&P) Value*   
$2,300   San Mateo Union High School Dist., GO,     
       zero coupon, 9/1/20 (FGIC)  Aaa/AAA $1,205,062   
1,730   San Rafael City High School Dist., GO,     
       5.00%, 8/1/27, Ser. B (FSA)  Aaa/AAA 1,833,385   
3,280   San Rafael Elementary School Dist., GO,     
       5.00%, 8/1/27, Ser. B (FSA)  Aaa/AAA 3,476,013   
  Santa Clara Unified School Dist., GO (MBIA),     
2,755        5.00%, 7/1/25  Aaa/AAA 2,931,788   
2,895        5.00%, 7/1/26  Aaa/AAA 3,076,111   
3,040        5.00%, 7/1/27  Aaa/AAA 3,219,694   
1,260   Santa Cruz Cnty. Rev., 5.25%, 8/1/32 
A3/NR
1,346,751   
  Santa Margarita Water Dist., Special Tax,     
2,000        6.00%, 9/1/30  NR/NR 2,149,540   
3,000        6.25%, 9/1/29  NR/NR 3,211,410   
  Saugus Hart School Facs. Financing Auth., Special Tax,     
       Community Facilities Dist. 00-1,     
1,140        6.10%, 9/1/32  NR/NR 1,180,345   
2,260        6.125%, 9/1/33  NR/NR 2,339,914   
1,000   Shasta Union High School Dist., GO,     
       zero coupon, 8/1/24 (FGIC)  Aaa/AAA 428,810   
2,745   South Tahoe JT Powers Parking Financing Auth. Rev.,     
       7.00%, 12/1/27, Ser. A  NR/NR 2,753,839   
1,800   Southern Mono Health Care Dist., GO,     
       zero coupon, 8/1/26 (MBIA)  Aaa/AAA 680,238   
  State Department of Water Resources Rev.,     
       Central VY Project, Ser. AC (MBIA),     
4,500        5.00%, 12/1/15  Aaa/AAA 4,998,510   
900        5.00%, 12/1/25  Aaa/AAA 968,157   
35,000   State Economic Recovery, GO,     
       5.00%, 7/1/11, Ser. A (MBIA)  Aaa/AAA 38,241,700   
9,605  
State Public Works Board Lease Rev., UCLA Replacement Hospital, 
   
       5.00%, 10/1/22, Ser. A (FSA)  Aaa/AAA 10,166,892   
1,710   State Univ. Rev., 5.00%, 11/1/33, Ser. A (AMBAC)  Aaa/AAA 1,802,323   
1,000   State Univ. Rev. & Colleges, 5.00%, 11/1/13, Ser. A (FSA)  Aaa/AAA 1,109,290   
  Statewide Community Dev. Auth. Rev.,     
3,555        Bentley School, 6.75%, 7/1/32 (a)  NR/NR 3,868,906   
9,700        Health Fac., Jewish Home, 5.50%, 11/15/33 (CA St. Mtg.)  NR/A 10,586,871   
2,770        Kaiser Permanent, 5.50%, 11/1/32, Ser. A 
A3/A+
2,953,319   
3,000        Live Oak School, 6.75%, 10/1/30  NR/NR 3,190,140   
       Wildwood Elementary School, CP, 6.10%, 11/1/15 (a)  NR/NR 1,171,954   
1,795   Statewide Financing Auth. Tobacco Settlement Rev.,     
       5.625%, 5/1/29  Baa3/NR 1,902,467   
7,750   Tamalpais Union High School Dist., GO,     
       5.00%, 8/1/27 (FSA)  Aaa/AAA 8,236,003   
  Tobacco Securitization Agcy. Rev.,     
4,500        Alameda County, 6.00%, 6/1/42  Baa3/NR 4,807,305   
       Fresno County,     
4,335        5.625%, 6/1/23  Baa3/BBB 4,420,356   
10,000        6.00%, 6/1/35  Baa3/BBB 10,730,400   
1,800        Stanislaus Fdg., 5.875%, 6/1/43, Ser. A  Baa3/NR 1,910,106   

PIMCO California Municipal Income Fund II Schedule of Investments
August 31, 2005 (unaudited)
Principal      
Amount   Credit Rating    
(000)
  (Moody's/S&P) Value*   
$995   Tracy Community Facs. Dist., Special Tax, No. 99-2,     
       South Macarthur Area, 6.00%, 9/1/27  NR/NR $1,023,149   
6,250   University Rev., 5.00%, 5/15/11, Ser. A (AMBAC)  Aaa/AAA 6,834,250   
10,000   Ventura Cnty. Community College Dist., GO,     
       5.00%, 8/1/27, Ser. A (MBIA)  Aaa/AAA 10,671,500   
1,555   Ventura Unified School Dist., GO,     
       5.00%, 8/1/32, Ser. F (FSA)  Aaa/AAA 1,645,999   
2,000   Vernon Electric System Rev., Malburg Generating Station,     
       5.50%, 4/1/33 (Pre-refunded @ $100, 4/1/08) (b)  Aaa/NR 2,130,880   
  Victor Elementary School Dist., GO, Ser. A (FGIC),     
1,125        zero coupon, 8/1/24  Aaa/AAA 482,411   
2,410        zero coupon, 8/1/26  Aaa/AAA 929,561   
1,000   Vista Unified School Dist., GO,     
       zero coupon, 8/1/26, Ser. A (FSA)  Aaa/AAA 385,710   
  West Contra Costa University School Dist., GO, Ser. A (MBIA),     
2,740        5.00%, 8/1/26  Aaa/AAA 2,872,616   
2,690        5.00%, 8/1/28  Aaa/AAA 2,817,210   
1,890        5.00%, 8/1/31  Aaa/AAA 1,972,461   
3,375   Westlands Water Dist. Rev., CP, 5.00%, 9/1/34 (MBIA)  Aaa/AAA 3,563,595   
2,000   William S. Hart JT School Financing Auth. Rev.,     
       5.625%, 9/1/34  NR/BBB+ 2,150,940   
2,110   Yuba City Unified School Dist., GO,     
       zero coupon, 9/1/25 (FGIC)  Aaa/AAA 846,912   
 
 
  Total California Municipal Bonds & Notes (cost—$566,996,093)  614,903,750   
 
 
OTHER MUNICIPAL BONDS & NOTES—3.2%     
  New York—0.5%     
3,250   State Dormitory Auth. Rev., Hospital,     
       6.25%, 8/15/15 (FHA) 
Aa2/AAA
3,809,585   
 
 
  Puerto Rico—0.7%     
2,000   Electric Power Auth. Power Rev.,     
       5.125%, 7/1/29, Ser. NN 
A3/A-
2,124,840   
2,505   Public Building Auth. Rev., Government Facilities,     
       5.00%, 7/1/36, Ser. I (GTD)  Baa2/BBB 2,632,429   
 
    4,757,269   
 
 
  Tennessee—1.3%     
8,535   Memphis Electric System Rev.,     
       5.00%, 12/1/16, Ser. A (MBIA)  Aaa/AAA 9,259,280   
 
 
  Texas—0.7%     
4,170   State Univ. Rev., 5.25%, 8/15/12, Ser. A  Aaa/AAA 4,632,453   
 
 
  Total Other Municipal Bonds & Notes (cost—$21,744,145)  22,458,587   
 
 
CALIFORNIA VARIABLE RATE NOTES (c)(d)(e)—5.6%     
4,238   Los Angeles Dept. of Water & Power, Waterworks Rev.,     
       12.43%, 7/1/41, Ser. 754 (FGIC-TCRS)  Aaa/NR 5,083,135   
1,875   Modesto Public Financing Auth. Lease Rev.,     
       11.93%, 9/1/29, Ser. 354 (AMBAC)  Aaa/NR 2,243,700   

PIMCO California Municipal Income Fund II Schedule of Investments
August 31, 2005 (unaudited)
Principal      
Amount   Credit Rating   
(000)
  (Moody's/S&P)  Value*  
CALIFORNIA VARIABLE RATE NOTES—(continued)     
$4,952   Oakland, GO, 11.93%, 1/15/32, Ser. 756 (FGIC)  Aaa/NR  $6,008,051  
1,944   San Diego Unified School Dist., GO,     
       11.93%, 7/1/27, Ser. 758 (FGIC)  Aaa/NR  2,655,660  
3,742   San Jose, GO, 11.93%, 9/1/32, Ser. 760 (MBIA)  Aaa/NR  4,628,275  
2,287   San Jose Unified School Dist. Santa Clara Cnty., GO,     
       11.93%, 8/1/27, Ser. 761 (FSA)  Aaa/NR  2,861,296  
10,000   Statewide Financing Auth. Rev., 8.456%, 5/1/37  NR/NR  11,445,600  
1,375   University of CA Rev., 10.93%, 5/15/35, Ser. 1119 (FSA)  NR/AAA  1,532,465  
2,500   University Rev., 11.93%, 9/1/28, Ser. 762 (FGIC)  Aaa/NR  3,048,350  
 
  Total California Variable Rate Notes (cost—$33,228,044)    39,506,532  
 
OTHER VARIABLE RATE NOTES (c)(d)(e)—2.6%     
  Puerto Rico—2.6%     
11,000   Public Building Auth. Rev., Government Facilities,     
       5.00%, 7/1/36, Ser. J (AMBAC-GTD)  Aaa/AAA  12,048,630  
5,300   Public Finance Corp. Rev., 5.75%, 8/1/27, Ser. A  Baa3/BBB  5,879,078  
 
  Total Other Variable Rate Notes (cost—$17,513,402)    17,927,708  
 
CORPORATE BONDS & NOTES—0.5%     
3,700   General Motors Acceptance Corp.,     
       4.559%, 7/16/07, FRN (cost—$3,533,066)  Ba1/BB  3,633,970  
 
U.S. TREASURY BILLS (f)—1.1%     
7,880   2.948%-3.03%, 9/15/05 (cost—$7,870,869)    7,869,890  
 
  Total Investments before options written (cost—$650,885,619)—100.2    706,300,437  
 
OPTIONS WRITTEN (g)—(0.2)%     
Contracts        
  Call Options—(0.2)%     
  U.S. Treasury Notes 10 yr. Futures, Chicago Board of Trade,     
584        strike price $112, expires 11/22/05    (657,000 ) 
790        strike price $113, expires 11/22/05    (543,125 ) 
      (1,200,125 ) 
     
  Put Options—(0.0)%     
  U.S. Treasury Notes 5 yr. Futures, Chicago Board of Trade,     
1,045        strike price $105.50, expires 11/22/05    (65,312 ) 
862        strike price $106, expires 11/22/05    (80,813 ) 
      (146,125 ) 
  Total Options Written (premiums received—$936,384)    (1,346,250 ) 
 
  Total Investments net of options written (cost—$649,949,235)—100.0%    $704,954,187  

Other Investments:
Futures contracts outstanding at August 31, 2005:
   
Notional
   
Unrealized
 
   
Amount
Expiration   
Appreciation
 
Type 
 
(000)
Date   
(Depreciation)
 
 
  Long: U.S. Treasury 5 Year Note  $14,100   12/20/05    $163,031  
  Short: U.S. Treasury 20 Year Bond  34,700   9/21/05    (580,453 ) 
          $(417,422 ) 

______________

Notes to Schedule of Investments:

*
Portfolio securities and other financial instruments for which market quotations are readily available are stated at market value. Portfolio securities and other financial instruments for which market quotations are not readily available or if a development/event occurs that may significantly impact the value of security, maybe fair-valued, in good faith, pursuant to guidelines established by the Board of Trustees. The Fund’s investments are valued daily by an independent pricing service. The independent pricing service uses information provided by market makers or estimates of market values obtained from yield data relating to investments or securities with similar characteristics. Exchange traded options and futures, are valued at the settlement price determined by the relevant exchange. Short-term investments maturing in 60 days or less are valued at amortized cost, if their original maturity was 60 days or less, or by amortizing their value on the 61st day prior to maturity, if the original term to maturity exceeded 60 days. The prices used by the Fund to value securities may differ from the value that would be realized if the securities were sold. The Fund’s net asset value is determined daily at the close of regular trading (normally 4:00 p.m. Eastern time) on the New York Stock Exchange.
 
(a)
Illiquid security.
(b)
Pre-refunded bonds — collateralized by U.S. Government or other eligible securities which are held in escrow and used to pay principal and interest and retire the bonds at the earliest refunding date.
(c)
144A Security — Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, typically only to qualified institutional buyers. Unless otherwise indicated, these securities are not considered to be illiquid.
(d)
Residual Interest/Tax Exempt Municipal Bonds - The interest rate shown bears an inverse relationship to the interest rate on another security or the value of an index.
(e)
Variable Rate Notes — Instruments whose interest rates change on a specified date (such as a coupon date or interest payment date) and/or whose interest rates vary with changes in a designated base rate (such as the prime interest rate). The rate shown is the rate in effect at August 31, 2005.
(f)
All or partial amount segregated as initial margin on futures contracts.
(g)
Non-income producing.
 
Glossary:
AMBAC — insured by American Municipal Bond Assurance Corp.
CA Mtg. Ins. — insured by California Mortgage Insurance
CA St. Mtg. — insured by California State Mortgage
CP — Certificates of Participation
FGIC — insured by Financial Guaranty Insurance Co.
FHA — insured by Federal Housing Administration
FRN — Floating Rate Note. The interest rate disclosed reflects the rate in effect on August 31, 2005.
FSA — insured by Financial Security Assurance, Inc.
GO — General Obligation Bond
GTD — Guaranteed
IBC — insured by Insurance Bond Certificate
MBIA — insured by Municipal Bond Investors Assurance
NR — Not Rated
TCRS — insured by Temporary Custodian Receipts

Item 2. Controls and Procedures

(a) The registrant's President and Chief Executive Officer and Principal Financial Officer have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-2(c) under the Investment Company Act of 1940, as amended are effective based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this document.

(b) There were no significant changes in the registrant's internal controls or in factors that could affect these controls subsequent to the date of their evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.

Item 3. Exhibits

(a) Exhibit 99.302 Cert. – Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Registrant: PIMCO California Municipal Income Fund II

By /s/ Brian S. Shlissel
President & Chief Executive Officer

Date: October 21, 2005

By /s/ Lawrence G. Altadonna
Treasurer, Principal Financial & Accounting Officer

Date: October 21, 2005

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dated indicated.

By /s/ Brian S. Shlissel
President & Chief Executive Officer

Date: October 21, 2005

By /s/ Lawrence G. Altadonna
Treasurer, Principal Financial & Accounting Officer

Date: October 21, 2005