# EDGAR Filing Document

**Accession Number:** 0001851077
**File Stem:** 0001099263-26-007347
**Filing Date:** 2026-5
**Character Count:** 513309
**Document Hash:** 856c12eb91ec8f6967bce25e2eb4c24c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001099263-26-007347.hdr.sgml**: 20260529

**ACCESSION NUMBER**: 0001099263-26-007347

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260529

**DATE AS OF CHANGE**: 20260529

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PIMCO Flexible Emerging Markets Income Fund
- **CENTRAL INDEX KEY:** 0001851077

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23648
- **FILM NUMBER:** 261043722

**BUSINESS ADDRESS:**
- **STREET 1:** 1633 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
- **BUSINESS PHONE:** 844-312-2113

**MAIL ADDRESS:**
- **STREET 1:** 1633 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019

## Nport-Ex

<br> Schedule of Investments PIMCO Flexible Emerging Markets Income Fund March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 109.0% ¤** |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 5.0%**  |  |  |
| **Oi SA**<br>TBD% due 12/30/2050 «~ | $714 | $8 |
| **Panama Government International Bonds**<br>3.886% (EUR006M + 1.750%) due 03/05/2027 «~ | 500 | 578 |
| **Republic of Kenya Government International Bonds**<br>9.186% (JY0003M + 5.400%) due 04/05/2028 «~ | $333 | 330 |
| **Republic of Senegal Ministry of Finance & Budget**<br>7.944% (EUR006M + 5.800%) due 12/22/2028 «~ | 525 | 388 |
| **SOCAR Turkey Enerji AS**<br>5.558% (EUR006M + 3.450%) due 08/11/2026 «~ | 300 | 348 |
| **Transnet SOC Ltd.**<br>10.658% due 03/02/2028 «~ | 2514 | 147 |
| **Turkiye Government International Bonds**<br>8.315% (EUR006M + 6.210%) due 04/27/2031 «~ | 300 | 362 |
| **Turkiye Vakiflar Bankasi TAO**<br>5.150% (EUR003M + 3.000%) due 12/15/2028 «~ | 300 | 345 |
| **United Republic of Tanzania**<br>9.620% due 04/26/2028 «~ | $278 | 278 |
| **VEON Amsterdam BV**<br>7.902% (TSFR3M + 4.250%) due 03/25/2027 «~ | 200 | 199 |
| Total Loan Participations and Assignments (Cost $3,379) |  | 2983 |
| **CORPORATE BONDS & NOTES 30.2%**  |  |  |
| **BANKING & FINANCE 11.6%**  |  |  |
| **Africa Finance Corp.** <br>2.875% due 04/28/2028 | 200 | 191 |
| **Ardshinbank CJSC Via Dilijan Finance BV** <br>6.600% due 01/22/2031 | 300 | 296 |
| **Azule Energy Finance PLC** <br>8.250% due 01/22/2031 | 200 | 202 |
| **Banco do Brasil SA** <br>8.500% due 07/29/2026 | 3000 | 169 |
| **Banque Ouest Africaine de Developpement** <br>6.250% due 10/14/2040 | 200 | 219 |
| **BOI Finance BV** <br>7.500% due 02/16/2027 | 750 | 884 |
| **CIMA Finance DAC** <br>2.950% due 09/05/2029 | $253 | 237 |
| **Credicorp Capital Sociedad Titulizadora SA**  |  |  |
| 9.700% due 03/05/2045  | 1000 | 306 |
| 10.100% due 12/15/2043  | 1900 | 592 |
| **DAE Sukuk Difc Ltd.** <br>4.500% due 10/16/2030 (k) | $300 | 287 |
| **Gaci First Investment Co.** <br>5.375% due 01/29/2054 | 300 | 262 |
| **GSG Bidco Ltd.** <br>4.700% due 06/15/2031 | 150 | 172 |
| **ICBC Standard Bank PLC**  |  |  |
| 20.000% due 09/18/2029 «  | 3652000 | 299 |
| 20.000% due 12/13/2029 «  | 2529000 | 207 |
| **IIFL Finance Ltd.** <br>8.750% due 07/24/2028 | $200 | 203 |
| **Interoceanica V Finance Ltd.** <br>0.000% due 05/15/2030 (d) | 190 | 164 |
| **Muthoot Finance Ltd.** <br>6.375% due 04/23/2029 | 400 | 398 |
| **Panama Infrastructure Receivable Purchaser PLC** <br>0.000% due 04/05/2032 (d) | 1000 | 783 |
| **Peru Payroll Deduction Finance Ltd.** <br>0.000% due 11/01/2029 (d) | 326 | 292 |
| **Uzbek Industrial & Construction Bank ATB**  |  |  |
| 8.950% due 07/24/2029  | 200 | 212 |
| **VB DPR Finance Co.** <br>6.833% due 03/15/2035 «(j) | $300 | 303 |
|  |  | 6897 |
| **INDUSTRIALS 12.9%**  |  |  |
| **Beignet Investor LLC** <br>6.581% due 05/30/2049 (k) | 560 | 576 |

---

------

<br> Schedule of Investments PIMCO Flexible Emerging Markets Income Fund (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Czechoslovak Group AS** <br>5.250% due 01/10/2031 | 100 | 119 |
| **Ecopetrol SA** <br>5.875% due 05/28/2045 | $1200 | 884 |
| **Fortune Star BVI Ltd.** <br>3.950% due 10/02/2026 | 400 | 459 |
| **IRB Infrastructure Developers Ltd.** <br>7.110% due 03/11/2032 | $200 | 201 |
| **Petroleos de Venezuela SA**  |  |  |
| 5.375% due 04/12/2027 ^(b)  | 40 | 13 |
| 6.000% due 11/15/2026 ^(b)  | 45 | 16 |
| 9.750% due 05/17/2035 ^(b)  | 690 | 288 |
| **Petroleos del Peru SA**  |  |  |
| 4.750% due 06/19/2032  | 300 | 238 |
| 5.625% due 06/19/2047  | 400 | 282 |
| **Petroleos Mexicanos**  |  |  |
| 6.375% due 01/23/2045  | 900 | 710 |
| 6.950% due 01/28/2060 (k)  | 1200 | 947 |
| **Sasol Financing USA LLC** <br>8.750% due 04/10/2033 (a) | 200 | 200 |
| **Saudi Arabian Oil Co.** <br>6.375% due 06/02/2055 (k) | 500 | 498 |
| **Sonangol Finance Ltd.** <br>10.000% due 01/29/2031 | 200 | 199 |
| **Turkcell Iletisim Hizmetleri AS** <br>7.450% due 01/24/2030 | 200 | 203 |
| **Turkish Airlines Pass-Through Trust** <br>4.200% due 09/15/2028 | 175 | 173 |
| **Uzbekneftegaz JSC** <br>4.750% due 11/16/2028 | 300 | 287 |
| **Vale SA** <br>0.000% due 12/29/2049 ~(h) | 14500 | 1227 |
| **Vedanta Resources Finance II PLC** <br>9.125% due 10/15/2032 | $200 | 201 |
|  |  | 7721 |
| **UTILITIES 5.7%**  |  |  |
| **Chile Electricity Lux MPC II SARL** <br>5.672% due 10/20/2035 | 485 | 491 |
| **Eskom Holdings** <br>6.350% due 08/10/2028 | 200 | 201 |
| **LLPL Capital Pte. Ltd.** <br>6.875% due 02/04/2039 | 1011 | 1028 |
| **Mong Duong Finance Holdings BV** <br>5.125% due 05/07/2029 | 492 | 485 |
| **Peru LNG SRL** <br>5.375% due 03/22/2030 | 133 | 129 |
| **Poinsettia Finance Ltd. SARL** <br>6.625% due 06/17/2031 (k) | 634 | 620 |
| **Tierra Mojada Luxembourg II SARL** <br>5.750% due 12/01/2040 (k) | 476 | 453 |
|  |  | 3407 |
| Total Corporate Bonds & Notes (Cost $17,433) |  | 18025 |
| **U.S. TREASURY OBLIGATIONS 0.2%**  |  |  |
| **U.S. Treasury Bonds**  |  |  |
| 1.750% due 08/15/2041 | 100 | 67 |
| 4.875% due 08/15/2045 (n) | 30 | 30 |
| **U.S. Treasury Notes**  |  |  |
| 4.250% due 08/15/2035 (n) | 40 | 40 |
| Total U.S. Treasury Obligations (Cost $144) |  | 137 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 0.1%**  |  |  |
| **Stratton BTL Mortgage Funding PLC** <br>4.474% due 01/20/2054 •  | 26 | 34 |
| Total Non-Agency Mortgage-Backed Securities (Cost $34) |  | 34 |
| **ASSET-BACKED SECURITIES 0.4%**  |  |  |
| **OTHER ABS 0.4%**  |  |  |
| **IFC Emerging Markets Securitization Ltd.** <br>4.971% due 12/31/2035 •  | $220 | 220 |
| Total Asset-Backed Securities (Cost $220) |  | 220 |
| **SOVEREIGN ISSUES 65.0%**  |  |  |
| **Abu Dhabi Government International Bonds** <br>3.125% due 05/03/2026 | 200 | 200 |
| **Angola Government International Bonds**  |  |  |
| 8.750% due 04/14/2032  | 200 | 194 |

---

------

<br> Schedule of Investments PIMCO Flexible Emerging Markets Income Fund (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 9.375% due 03/31/2033  | 200 | 198 |
| 9.875% due 03/31/2037  | 200 | 198 |
| **Argentina Republic Government International Bonds**  |  |  |
| 0.750% due 07/09/2030 þ(k)  | 288 | 242 |
| 3.500% due 07/09/2041 þ(k)  | 600 | 403 |
| 4.125% due 07/09/2035 þ(k)  | 800 | 580 |
| 5.000% due 01/09/2038 þ(k)  | 400 | 302 |
| **Bahrain Government International Bonds** <br>7.100% due 02/03/2038 | 200 | 188 |
| **Bank Gospodarstwa Krajowego** <br>6.250% due 07/09/2054 | 200 | 198 |
| **Benin Government International Bonds** <br>4.950% due 01/22/2035 | 300 | 304 |
| **Bogota Distrito Capital** <br>13.140% due 11/05/2035 | 1102000 | 296 |
| **Bonos de la Tesoreria de la Republica en pesos**  |  |  |
| 4.700% due 09/01/2030  | 640000 | 674 |
| 5.000% due 10/01/2028  | 155000 | 167 |
| 5.800% due 10/01/2029  | 440000 | 484 |
| **CBB International Sukuk Programme Co. WLL** <br>6.124% due 09/03/2034 | $200 | 191 |
| **Colombia Government International Bonds**  |  |  |
| 3.000% due 01/30/2030  | 200 | 180 |
| 4.500% due 11/26/2030  | 100 | 112 |
| 5.625% due 02/26/2044 (k)  | $300 | 238 |
| 5.750% due 11/26/2034  | 100 | 109 |
| 6.125% due 01/21/2031  | $200 | 197 |
| 6.500% due 01/21/2033  | 200 | 196 |
| 6.500% due 11/26/2038  | 100 | 110 |
| 7.500% due 02/02/2034  | $200 | 205 |
| **Colombia TES**  |  |  |
| 2.250% due 04/18/2029 (g)  | 202635 | 48 |
| 6.500% due 01/22/2031 (g)  | 335969 | 88 |
| 11.000% due 08/22/2029  | 8902500 | 2245 |
| 11.750% due 01/24/2035  | 6505000 | 1613 |
| 12.750% due 11/28/2040  | 6894100 | 1827 |
| 13.250% due 02/09/2033  | 5967700 | 1600 |
| **Costa Rica Government International Bonds**  |  |  |
| 5.500% due 11/21/2030  | 500 | 592 |
| 6.001% due 01/16/2036  | 500 | 596 |
| **Development Bank of Kazakhstan JSC**  |  |  |
| 10.950% due 05/06/2026  | 128000 | 266 |
| 18.400% due 10/16/2028  | 281000 | 604 |
| **Dominican Republic International Bonds**  |  |  |
| 5.875% due 10/28/2035  | $200 | 190 |
| 10.500% due 03/15/2037 (k)  | 198200 | 3403 |
| 11.250% due 09/15/2035  | 17100 | 305 |
| **Eagle Funding Luxco SARL** <br>5.500% due 08/17/2030 | $800 | 805 |
| **Egypt Government Bonds**  |  |  |
| 19.698% due 10/14/2030  | 26000 | 468 |
| 21.954% due 03/04/2028  | 46200 | 828 |
| **Finance Department Government of Sharjah** <br>4.000% due 07/28/2050 | $600 | 375 |
| **Guatemala Government Bonds** <br>6.875% due 08/15/2055 | 200 | 209 |
| **Hazine Mustesarligi Varlik Kiralama AS** <br>6.750% due 09/01/2030 | 200 | 200 |
| **Ivory Coast Government International Bonds**  |  |  |
| 5.875% due 10/17/2031 (k)  | 200 | 226 |
| 6.625% due 03/22/2048 (k)  | 900 | 898 |
| 7.625% due 01/30/2033  | $200 | 204 |
| 8.075% due 04/01/2036  | 200 | 204 |
| **Jordan Government International Bonds** <br>7.375% due 10/10/2047 | 300 | 282 |
| **KSA Ijarah Sukuk Ltd.** <br>4.875% due 09/09/2035 (k) | 300 | 293 |
| **Kuwait International Government Bonds** <br>4.652% due 10/09/2035 (k) | 500 | 481 |
| **Mexico Bonos** <br>8.000% due 04/15/2032 | 13100 | 698 |
| **Mexico Government International Bonds**  |  |  |
| 5.125% due 03/19/2038  | 100 | 112 |
| 5.625% due 02/09/2034  | $200 | 196 |
| 6.125% due 02/09/2038  | 200 | 195 |
| 6.750% due 02/09/2056  | 200 | 195 |
| **Mongolia Government International Bonds**  |  |  |
| 3.500% due 07/07/2027  | 300 | 291 |
| 5.950% due 03/09/2032  | 200 | 197 |
| **Nigeria Government International Bonds** <br>8.631% due 01/13/2036 | 200 | 209 |
| **Pakistan Government International Bonds** <br>7.375% due 04/08/2031 | 200 | 185 |
| **Panama Government International Bonds**  |  |  |
| 4.500% due 05/15/2047 (k)  | 400 | 316 |
| 5.227% due 02/23/2034  | 200 | 193 |

---

------

<br> Schedule of Investments PIMCO Flexible Emerging Markets Income Fund (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.662% due 02/23/2038  | 300 | 289 |
| **Paraguay Government International Bonds**  |  |  |
| 8.500% due 03/04/2035  | 2970000 | 454 |
| 8.500% due 04/04/2038  | 2041000 | 309 |
| **Peru Government Bonds**  |  |  |
| 5.400% due 08/12/2034  | 400 | 109 |
| 6.150% due 08/12/2032  | 1100 | 331 |
| 6.850% due 08/12/2035  | 2900 | 851 |
| 7.300% due 08/12/2033  | 1800 | 567 |
| **Peru Government International Bonds**  |  |  |
| 6.900% due 08/12/2037  | 200 | 57 |
| 6.950% due 08/12/2031  | 480 | 150 |
| **Provincia de Buenos Aires/Government Bonds** <br>6.625% due 09/01/2037 þ | $178 | 135 |
| **Republic of Angola Via Avenir Issuer II Ireland DAC** <br>6.927% due 02/19/2027 | 200 | 196 |
| **Republic of Cameroon International Bonds** <br>5.950% due 07/07/2032 (k) | 500 | 498 |
| **Republic of Ghana Government Bonds**  |  |  |
| 8.650% due 02/13/2029  | 479 | 41 |
| 8.800% due 02/12/2030  | 2000 | 162 |
| 8.950% due 02/11/2031  | 1834 | 144 |
| 9.100% due 02/10/2032  | 280 | 22 |
| **Republic of Kenya Government International Bonds**  |  |  |
| 7.875% due 10/09/2033  | $200 | 186 |
| 8.800% due 10/09/2038  | 200 | 184 |
| 9.500% due 03/05/2036  | 200 | 196 |
| **Republic of South Africa Government Bonds**  |  |  |
| 8.250% due 03/31/2032  | 3300 | 190 |
| 8.875% due 02/28/2035  | 21400 | 1243 |
| **Republic of Srpska International Government Bonds** <br>6.250% due 04/02/2031 (a) | 100 | 116 |
| **Romania Government International Bonds**  |  |  |
| 2.000% due 04/14/2033 (k)  | 700 | 636 |
| 4.000% due 02/14/2051 (k)  | $400 | 259 |
| 5.250% due 05/30/2032 (k)  | 100 | 114 |
| 5.375% due 06/07/2033 (k)  | 200 | 225 |
| 5.625% due 05/30/2037 (k)  | 100 | 109 |
| 6.375% due 09/18/2033 (k)  | 200 | 238 |
| 6.500% due 10/07/2045 (k)  | 950 | 1050 |
| **Senegal Government International Bonds** <br>6.750% due 03/13/2048 | $200 | 102 |
| **Serbia International Bonds** <br>2.050% due 09/23/2036 | 200 | 175 |
| **Sri Lanka Government International Bonds**  |  |  |
| 3.600% due 06/15/2035 þ  | $55 | 42 |
| 3.600% due 05/15/2036 þ  | 38 | 34 |
| 3.600% due 02/15/2038 þ  | 76 | 67 |
| **Ukraine Government International Bonds**  |  |  |
| 0.000% due 02/01/2030 þ(f)  | 250 | 147 |
| 0.000% due 02/01/2034 þ(f)  | 366 | 157 |
| 0.000% due 02/01/2035 þ(f)(k)  | 250 | 116 |
| 0.000% due 02/01/2036 þ(f)(k)  | 250 | 116 |
| **Venezuela Government International Bonds**  |  |  |
| 7.000% due 03/31/2038 ^(b)  | 5 | 2 |
| 9.250% due 09/15/2027 ^(b)  | 745 | 358 |
| 9.250% due 05/07/2028 ^(b)  | 85 | 39 |
| 11.950% due 08/05/2031 ^(b)  | 30 | 15 |
| 12.750% due 08/23/2032 ^(b)  | 800 | 406 |
| **Zambia Government International Bonds** <br>0.500% due 12/31/2053 | 150 | 99 |
| Total Sovereign Issues (Cost $37,394) |  | 38739 |
|  | SHARES |  |
| **SHORT-TERM INSTRUMENTS 8.1%**  |  |  |
| **MUTUAL FUNDS 1.5%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class 3.720% (i)** | 872062 | 872 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **EGYPT TREASURY BILLS 0.0%**  |  |  |
| 24.060% due 10/20/2026 (d)(e) | 400 | 6 |
| **NIGERIA TREASURY BILLS 5.6%**  |  |  |
| 26.431% due 06/11/2026 - 01/28/2027 (c)(d) | 5078078 | 3362 |

---

------

<br> Schedule of Investments PIMCO Flexible Emerging Markets Income Fund (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **U.S. TREASURY BILLS 1.0%**  |  |  |
| 3.680% due 05/19/2026 - 06/30/2026 (c)(d)(n) | $609 | 604 |
| Total Short-Term Instruments (Cost $4,652) |  | 4844 |
| Total Investments in Securities (Cost $63,256) |  | 64982 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 10.0%**  |  |  |
| **SHORT-TERM INSTRUMENTS 10.0%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 10.0%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 612297 | 5963 |
| Total Short-Term Instruments (Cost $5,964) |  | 5963 |
| Total Investments in Affiliates (Cost $5,964) |  | 5963 |
| Total Investments 119.0% (Cost $69,220) |  | $70945 |
| **Financial Derivative Instruments (l)(m) (1.0)**%(Cost or Premiums, net $(823)) |  | (605) |
| Other Assets and Liabilities, net (18.0)% |  | (10736) |
| Net Assets 100.0% |  | $59604 |

---

------

<br> Schedule of Investments PIMCO Flexible Emerging Markets Income Fund (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **^** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** |
| **«** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **þ** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** |
| **(a)** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** |
| **(b)** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** |
| **(c)** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** |
| **(d)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(e)** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** |
| **(f)** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** |
| **(g)** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** |
| **(h)** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** |
| **(i)** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** |
| **(j)** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** |
| Issuer Description | Issuer Description | Maturity<br>Date | Acquisition<br>Date | Acquisition<br>Date | Cost | Cost | Market<br>Value | Market Value<br>as Percentage<br>of Net Assets |
| VB DPR Finance Co. | VB DPR Finance Co. | 03/15/2035 | 01/31/2025 | 01/31/2025 | 300 | 300 | 303 | 0.51% |
| **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** |
| Counterparty | Counterparty | Borrowing Rate<sup>(1)</sup> | Settlement Date | Maturity Date | Maturity Date | Amount<br>Borrowed<sup>(1)</sup> | Amount<br>Borrowed<sup>(1)</sup> | Payable for<br>Reverse<br>Repurchase<br>Agreements |
| MBC | MBC | 2.050%  | 06/11/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (205) | (205) | (241) |
|  |  | 2.200  | 02/05/2026 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (991) | (991) | (1150) |
|  |  | 3.950  | 12/23/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (463) | (463) | (468) |
| MEI | MEI | 3.950  | 12/23/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (488) | (488) | (493) |
| MYI | MYI | 2.000  | 01/26/2026 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (197) | (197) | (228) |
|  |  | 2.050  | 06/11/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (258) | (258) | (303) |
|  |  | 2.050  | 02/05/2026 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (199) | (199) | (231) |
|  |  | 2.150  | 01/23/2026 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (721) | (721) | (836) |
|  |  | 2.250  | 12/23/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (405) | (405) | (472) |
|  |  | 3.950  | 12/23/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (825) | (825) | (834) |
|  |  | 4.000  | 12/23/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (213) | (213) | (216) |
|  |  | 4.150  | 12/23/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (1293) | (1293) | (1307) |
|  |  | 4.250  | 12/23/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (230) | (230) | (232) |
| SCX | SCX | 2.100  | 06/11/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (440) | (440) | (517) |
|  |  | 4.100  | 02/10/2026 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (3012) | (3012) | (3030) |
| SOG | SOG | 3.990  | 03/10/2026 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (839) | (839) | (841) |
|  |  | 4.030  | 12/23/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (278) | (278) | (282) |
|  |  | 4.090  | 01/08/2026 | 04/08/2026 | 04/08/2026 | (438) | (438) | (442) |
| TDM | TDM | 3.970  | 12/12/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (589) | (589) | (596) |
| **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** |  |  |  |  |  |  | **(12719)** |
| **(k)** | **Securities with an aggregate market value of $214,984 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $214,984 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $214,984 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $214,984 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $214,984 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $214,984 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $214,984 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $214,984 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** |
| <sup>(1)</sup> | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(9695) at a weighted average interest rate of 3.858%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(9695) at a weighted average interest rate of 3.858%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(9695) at a weighted average interest rate of 3.858%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(9695) at a weighted average interest rate of 3.858%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(9695) at a weighted average interest rate of 3.858%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(9695) at a weighted average interest rate of 3.858%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(9695) at a weighted average interest rate of 3.858%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(9695) at a weighted average interest rate of 3.858%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. |
| <sup>(2)</sup> | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. |
| **(l)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |

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------

<br> Schedule of Investments PIMCO Flexible Emerging Markets Income Fund (Cont.) March 31, 2026 (Unaudited)

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| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description | Description |  |  | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts |  | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| U.S. Treasury 10-Year Ultra Long-Term Bond June Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond June Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond June Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond June Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond June Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond June Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond June Futures  | 06/2026 | 06/2026 | 3 | $ | 341 | $(3) | (3) | (3) | 1 | 1 | 0 |
| U.S. Treasury Ultra Long-Term Bond June Futures  | U.S. Treasury Ultra Long-Term Bond June Futures  | U.S. Treasury Ultra Long-Term Bond June Futures  | U.S. Treasury Ultra Long-Term Bond June Futures  | U.S. Treasury Ultra Long-Term Bond June Futures  | U.S. Treasury Ultra Long-Term Bond June Futures  | U.S. Treasury Ultra Long-Term Bond June Futures  | 06/2026 | 06/2026 | 2 |  | 233 | (7) | (7) | (7) | 0 | 0 | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  | (10) | (10) | $ | 1 | $ | 0 |
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description | Description |  |  | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts |  | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| Euro-Bobl June Futures  | Euro-Bobl June Futures  | Euro-Bobl June Futures  | Euro-Bobl June Futures  | Euro-Bobl June Futures  | Euro-Bobl June Futures  | Euro-Bobl June Futures  | 06/2026 | 06/2026 | 1 | $ | (133) | $2 | 2 | 2 | 0 | 0 | (1) |
| Euro-Bund June Futures  | Euro-Bund June Futures  | Euro-Bund June Futures  | Euro-Bund June Futures  | Euro-Bund June Futures  | Euro-Bund June Futures  | Euro-Bund June Futures  | 06/2026 | 06/2026 | 3 |  | (435) | 11 | 11 | 11 | 0 | 0 | (3) |
| U.S. Treasury 5-Year Note June Futures  | U.S. Treasury 5-Year Note June Futures  | U.S. Treasury 5-Year Note June Futures  | U.S. Treasury 5-Year Note June Futures  | U.S. Treasury 5-Year Note June Futures  | U.S. Treasury 5-Year Note June Futures  | U.S. Treasury 5-Year Note June Futures  | 06/2026 | 06/2026 | 7 |  | (757) | 11 | 11 | 11 | 0 | 0 | (1) |
|  |  |  |  |  |  |  |  |  |  |  |  | 24 | 24 | $ | 0 | $ | (5) |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **14** | **14** | **$** | **1** | **$** | **(5)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Index/Tranches | Index/Tranches | Fixed <br>(Pay) Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount<sup>(2)</sup> |  | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value<sup>(3)</sup> | Market<br>Value<sup>(3)</sup> | Market<br>Value<sup>(3)</sup> | Asset | Liability |
| CDX.EM-44 5-Year Index  | CDX.EM-44 5-Year Index  | (1.000)% | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 12/20/2030 | $ | 700 | $ | 12 | 1 | 13 | 13 | 13 | 0 | (3) |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Floating Rate Index | Fixed Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Market<br>Value | Market<br>Value | Asset | Liability |
| Receive<sup>(4)</sup> | 1-Day THB-THOR Compounded-OIS | 1-Day THB-THOR Compounded-OIS | 1.500% | Quarterly | Quarterly | 09/16/2031 | 09/16/2031 | THB | 41650 | 41650 | $14 | 6 | $20 | 20 | 20 | 0 | $(3) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | Annual | 06/18/2029 | 06/18/2029 | $ | $100 | 100 | (2) | 0 | (2) | (2) | (2) | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.000 | Annual | Annual | 03/19/2030 | 03/19/2030 |  | 5200 | 5200 | (257) | 144 | (113) | (113) | (113) | 5 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | Annual | 09/17/2030 | 09/17/2030 |  | 400 | 400 | 5 | (3) | 2 | 2 | 2 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | Annual | 12/17/2030 | 12/17/2030 |  | 18100 | 18100 | 298 | (189) | 109 | 109 | 109 | 19 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | Annual | 03/18/2031 | 03/18/2031 |  | 900 | 900 | 3 | (8) | (5) | (5) | (5) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | Annual | 06/20/2031 | 06/20/2031 |  | 6300 | 6300 | (103) | 84 | (19) | (19) | (19) | 0 | (7) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | Annual | 06/18/2032 | 06/18/2032 |  | 4000 | 4000 | (53) | (71) | (124) | (124) | (124) | 5 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | Annual | 06/18/2034 | 06/18/2034 |  | 200 | 200 | (9) | 0 | (9) | (9) | (9) | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | Annual | 03/19/2035 | 03/19/2035 |  | 3000 | 3000 | (242) | 110 | (132) | (132) | (132) | 3 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | Annual | 09/17/2035 | 09/17/2035 |  | 2300 | 2300 | (11) | (9) | (20) | (20) | (20) | 2 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | Annual | 12/17/2035 | 12/17/2035 |  | 2100 | 2100 | (6) | (13) | (19) | (19) | (19) | 2 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 4.000 | Annual | Annual | 03/18/2036 | 03/18/2036 |  | 1400 | 1400 | 25 | (10) | 15 | 15 | 15 | 1 | 0 |
| Receive<sup>(4)</sup> | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | Annual | 06/17/2036 | 06/17/2036 |  | 1880 | 1880 | 33 | (11) | 22 | 22 | 22 | 0 | (2) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | Annual | 09/17/2045 | 09/17/2045 |  | 400 | 400 | (20) | (3) | (23) | (23) | (23) | 0 | (1) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 4.086 | Annual | Annual | 01/13/2055 | 01/13/2055 |  | 1800 | 1800 | 14 | (31) | (17) | (17) | (17) | 0 | (7) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | Annual | 03/19/2055 | 03/19/2055 |  | 1800 | 1800 | (243) | (29) | (272) | (272) | (272) | 0 | (7) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | Annual | 09/17/2055 | 09/17/2055 |  | 2100 | 2100 | (217) | (20) | (237) | (237) | (237) | 0 | (8) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | Annual | 12/17/2055 | 12/17/2055 |  | 4100 | 4100 | 214 | 65 | 279 | 279 | 279 | 15 | 0 |

---

------

<br> Schedule of Investments PIMCO Flexible Emerging Markets Income Fund (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.000 | Annual | 03/18/2056 |  | 900 | (23) | 1 | (22) | 0 | (3) |
| Receive | 1-Year BRL-CDI | 12.716 | Maturity | 01/02/2029 | BRL | 8900 | 9 | 28 | 37 | 0 | (10) |
| Pay | 1-Year BRL-CDI | 13.030 | Maturity | 01/02/2029 |  | 25400 | 0 | (91) | (91) | 30 | 0 |
| Pay | 1-Year BRL-CDI | 13.056 | Maturity | 01/02/2029 |  | 2900 | 0 | (10) | (10) | 3 | 0 |
| Receive | 1-Year BRL-CDI | 13.245 | Maturity | 01/02/2029 |  | 8100 | (9) | 25 | 16 | 0 | (9) |
| Receive | 1-Year BRL-CDI | 13.340 | Maturity | 01/02/2029 |  | 5300 | 0 | 6 | 6 | 0 | (6) |
| Receive | 1-Year BRL-CDI | 13.435 | Maturity | 01/02/2029 |  | 2300 | 0 | 2 | 2 | 0 | (3) |
| Pay | 1-Year BRL-CDI | 12.910 | Maturity | 01/02/2031 |  | 12400 | 0 | (52) | (52) | 17 | 0 |
| Receive | 1-Year BRL-CDI | 13.156 | Maturity | 01/02/2031 |  | 2400 | 0 | 6 | 6 | 0 | (3) |
| Pay | 1-Year BRL-CDI | 13.245 | Maturity | 01/02/2031 |  | 900 | 0 | (2) | (2) | 1 | 0 |
| Pay | 1-Year BRL-CDI | 13.255 | Maturity | 01/02/2031 |  | 900 | 0 | (2) | (2) | 1 | 0 |
| Receive | 1-Year BRL-CDI | 13.296 | Maturity | 01/02/2031 |  | 16300 | 0 | 29 | 29 | 0 | (22) |
| Pay | 1-Year BRL-CDI | 13.564 | Maturity | 01/02/2031 |  | 3900 | 0 | (2) | (2) | 5 | 0 |
| Pay | 1-Year BRL-CDI | 13.605 | Maturity | 01/02/2031 |  | 1700 | 0 | 0 | 0 | 2 | 0 |
| Pay | 1-Year BRL-CDI | 13.698 | Maturity | 01/02/2031 |  | 2000 | 0 | 0 | 0 | 3 | 0 |
| Pay | 1-Year BRL-CDI | 13.235 | Maturity | 01/02/2035 |  | 9500 | 0 | (22) | (22) | 14 | 0 |
| Receive | 3-Month COP-IBR Compounded-OIS | 12.330 | Quarterly | 03/18/2028 | COP | 3930000 | 0 | (5) | (5) | 0 | (1) |
| Receive | 3-Month COP-IBR Compounded-OIS | 12.170 | Quarterly | 03/18/2029 |  | 2761000 | 0 | (5) | (5) | 0 | 0 |
| Receive | 3-Month COP-IBR Compounded-OIS | 8.933 | Quarterly | 08/22/2029 |  | 2423000 | 0 | 54 | 54 | 0 | 0 |
| Receive<sup>(4)</sup> | 3-Month COP-IBR Compounded-OIS | 11.700 | Quarterly | 06/17/2031 |  | 1860000 | 0 | (4) | (4) | 0 | (2) |
| Receive<sup>(4)</sup> | 3-Month COP-IBR Compounded-OIS | 11.720 | Quarterly | 06/17/2031 |  | 1763000 | 0 | (4) | (4) | 0 | (2) |
| Receive<sup>(4)</sup> | 3-Month COP-IBR Compounded-OIS | 11.730 | Quarterly | 06/17/2031 |  | 1799000 | 0 | (4) | (4) | 0 | (2) |
| Pay | 3-Month ILS-TELBOR | 4.135 | Annual | 12/05/2035 | ILS | 400 | 7 | (6) | 1 | 0 | 0 |
| Receive | 3-Month ILS-TELBOR | 3.699 | Annual | 03/10/2036 |  | 300 | 0 | 2 | 2 | 0 | 0 |
| Receive | 3-Month ILS-TELBOR | 3.955 | Annual | 03/17/2036 |  | 800 | 0 | 1 | 1 | 0 | (1) |
| Receive | 3-Month PLN-WIBOR | 4.195 | Annual | 09/29/2030 | PLN | 400 | 0 | (1) | (1) | 0 | 0 |
| Pay | 3-Month PLN-WIBOR | 5.155 | Annual | 10/25/2034 |  | 700 | 11 | (5) | 6 | 0 | 0 |
| Pay | 3-Month PLN-WIBOR | 4.393 | Annual | 10/16/2035 |  | 500 | 0 | (5) | (5) | 0 | 0 |
| Pay | 3-Month PLN-WIBOR | 4.356 | Annual | 10/17/2035 |  | 500 | 0 | (5) | (5) | 0 | 0 |
| Pay | 3-Month PLN-WIBOR | 4.353 | Annual | 10/23/2035 |  | 400 | 0 | (4) | (4) | 0 | 0 |
| Receive | 3-Month PLN-WIBOR | 4.434 | Annual | 11/03/2035 |  | 300 | 0 | 2 | 2 | 0 | 0 |
| Pay | 3-Month PLN-WIBOR | 4.355 | Annual | 11/04/2035 |  | 700 | 0 | (7) | (7) | 0 | (1) |
| Receive | 3-Month PLN-WIBOR | 4.535 | Annual | 11/07/2035 |  | 1700 | (5) | 15 | 10 | 2 | 0 |
| Receive | 3-Month PLN-WIBOR | 4.430 | Annual | 11/10/2035 |  | 200 | 0 | 2 | 2 | 0 | 0 |
| Pay | 3-Month PLN-WIBOR | 4.303 | Annual | 11/26/2035 |  | 400 | 0 | (4) | (4) | 0 | 0 |
| Pay | 3-Month PLN-WIBOR | 4.235 | Annual | 11/27/2035 |  | 400 | 0 | (5) | (5) | 0 | 0 |
| Receive | 3-Month PLN-WIBOR | 4.340 | Annual | 12/12/2035 |  | 700 | 0 | 7 | 7 | 1 | 0 |
| Receive | 3-Month PLN-WIBOR | 4.445 | Annual | 12/22/2035 |  | 700 | (2) | 8 | 6 | 1 | 0 |
| Receive | 3-Month PLN-WIBOR | 4.385 | Annual | 02/06/2036 |  | 500 | (1) | 6 | 5 | 1 | 0 |
| Receive | 3-Month PLN-WIBOR | 4.450 | Annual | 02/24/2036 |  | 500 | (1) | 5 | 4 | 1 | 0 |
| Receive | 3-Month PLN-WIBOR | 4.275 | Annual | 03/02/2036 |  | 4400 | (12) | 64 | 52 | 5 | 0 |
| Receive | 3-Month PLN-WIBOR | 4.348 | Annual | 03/05/2036 |  | 400 | 0 | 4 | 4 | 0 | 0 |
| Receive | 3-Month PLN-WIBOR | 4.370 | Annual | 03/05/2036 |  | 500 | 0 | 5 | 5 | 1 | 0 |
| Receive | 3-Month PLN-WIBOR | 4.463 | Annual | 03/09/2036 |  | 300 | 0 | 2 | 2 | 0 | 0 |
| Receive | 3-Month PLN-WIBOR | 4.685 | Annual | 03/10/2036 |  | 100 | 0 | 0 | 0 | 0 | 0 |
| Pay | 3-Month PLN-WIBOR | 4.845 | Annual | 04/02/2036 |  | 300 | 0 | 0 | 0 | 0 | 0 |
| Pay | 3-Month ZAR-JIBAR | 7.310 | Quarterly | 09/02/2030 | ZAR | 4700 | 5 | (8) | (3) | 2 | 0 |
| Pay | 3-Month ZAR-JIBAR | 7.310 | Quarterly | 10/02/2030 |  | 1200 | 2 | (3) | (1) | 0 | 0 |
| Pay | 3-Month ZAR-JIBAR | 6.860 | Quarterly | 10/15/2030 |  | 1900 | 0 | (3) | (3) | 1 | 0 |
| Receive | 3-Month ZAR-JIBAR | 6.910 | Quarterly | 10/30/2030 |  | 600 | 0 | 1 | 1 | 0 | 0 |
| Pay | 3-Month ZAR-JIBAR | 6.770 | Quarterly | 11/12/2030 |  | 4000 | 0 | (8) | (8) | 2 | 0 |
| Receive | 3-Month ZAR-JIBAR | 7.080 | Quarterly | 12/31/2030 |  | 19450 | (8) | 34 | 26 | 0 | (8) |
| Receive | 3-Month ZAR-JIBAR | 6.885 | Quarterly | 02/04/2031 |  | 4600 | (2) | 11 | 9 | 0 | (2) |
| Receive | 3-Month ZAR-JIBAR | 6.715 | Quarterly | 02/26/2031 |  | 4400 | (2) | 12 | 10 | 0 | (2) |
| Receive | 3-Month ZAR-JIBAR | 8.020 | Quarterly | 02/28/2031 |  | 24200 | (75) | 55 | (20) | 0 | (10) |
| Receive | 3-Month ZAR-JIBAR | 6.920 | Quarterly | 03/06/2031 |  | 7100 | 0 | 13 | 13 | 0 | (3) |
| Receive | 6-Month CLP-CHILIBOR | 4.490 | Semi-Annual | 10/01/2028 | CLP | 178000 | 0 | 2 | 2 | 0 | 0 |
| Receive | 6-Month CLP-CHILIBOR | 4.590 | Semi-Annual | 10/01/2029 |  | 399000 | 0 | 6 | 6 | 0 | 0 |
| Receive | 6-Month CLP-CHILIBOR | 4.676 | Semi-Annual | 09/01/2030 |  | 37000 | 0 | 1 | 1 | 0 | 0 |
| Receive | 6-Month CLP-CHILIBOR | 4.710 | Semi-Annual | 09/01/2030 |  | 549000 | 0 | 8 | 8 | 0 | 0 |
| Receive<sup>(4)</sup> | 6-Month CLP-CHILIBOR | 5.306 | Semi-Annual | 06/17/2031 |  | 715000 | 0 | (7) | (7) | 1 | 0 |
| Receive | 6-Month CLP-CHILIBOR | 4.970 | Semi-Annual | 06/18/2032 |  | 983500 | 0 | 8 | 8 | 1 | 0 |
| Pay | 6-Month CZK-PRIBOR | 3.705 | Annual | 08/12/2030 | CZK | 1080 | 0 | 0 | 0 | 0 | 0 |
| Pay | 6-Month CZK-PRIBOR | 3.777 | Annual | 10/15/2030 |  | 3210 | 0 | (3) | (3) | 0 | 0 |
| Pay | 6-Month CZK-PRIBOR | 4.018 | Annual | 11/25/2030 |  | 7000 | 0 | (4) | (4) | 1 | 0 |
| Pay | 6-Month CZK-PRIBOR | 3.963 | Annual | 11/27/2030 |  | 4500 | 0 | (3) | (3) | 0 | 0 |
| Pay | 6-Month CZK-PRIBOR | 3.980 | Annual | 12/04/2030 |  | 4250 | (1) | (2) | (3) | 0 | 0 |

---

------

<br> Schedule of Investments PIMCO Flexible Emerging Markets Income Fund (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | Receive | 6-Month CZK-PRIBOR | 6-Month CZK-PRIBOR | 4.040 | Annual | Annual | 02/06/2031 |  | 32400 |  | 22 |  | (2) |  | 20 |  | 0 | 0 |  | (3) |
| Pay | Pay | 6-Month CZK-PRIBOR | 6-Month CZK-PRIBOR | 3.670 | Annual | Annual | 02/09/2031 |  | 10500 |  | 1 |  | (16) |  | (15) |  | 1 | 1 |  | 0 |
| Receive | Receive | 6-Month CZK-PRIBOR | 6-Month CZK-PRIBOR | 3.920 | Annual | Annual | 02/09/2031 |  | 4200 |  | 0 |  | 4 |  | 4 |  | 0 | 0 |  | 0 |
| Receive | Receive | 6-Month CZK-PRIBOR | 6-Month CZK-PRIBOR | 3.845 | Annual | Annual | 03/05/2031 |  | 2000 |  | 0 |  | 2 |  | 2 |  | 0 | 0 |  | 0 |
| Pay | Pay | 6-Month CZK-PRIBOR | 6-Month CZK-PRIBOR | 3.850 | Annual | Annual | 03/03/2036 |  | 3200 |  | 0 |  | (8) |  | (8) |  | 0 | 0 |  | 0 |
| Receive | Receive | 6-Month CZK-PRIBOR | 6-Month CZK-PRIBOR | 4.395 | Annual | Annual | 03/10/2036 |  | 1100 |  | 0 |  | 1 |  | 1 |  | 0 | 0 |  | 0 |
| Receive<sup>(4)</sup> | Receive<sup>(4)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.750 | Annual | Annual | 09/16/2036 | EUR | 2420 |  | 51 |  | 37 |  | 88 |  | 0 | 0 |  | (21) |
| Receive<sup>(4)</sup> | Receive<sup>(4)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 3.000 | Annual | Annual | 09/16/2056 |  | 1020 |  | 20 |  | 6 |  | 26 |  | 0 | 0 |  | (11) |
| Receive | Receive | 6-Month HUF-BBR | 6-Month HUF-BBR | 6.319 | Annual | Annual | 11/03/2030 | HUF | 63700 |  | 0 |  | 7 |  | 7 |  | 0 | 0 |  | (1) |
| Receive | Receive | 6-Month HUF-BBR | 6-Month HUF-BBR | 6.350 | Annual | Annual | 11/14/2030 |  | 48000 |  | 0 |  | 5 |  | 5 |  | 0 | 0 |  | (1) |
| Pay | Pay | 6-Month HUF-BBR | 6-Month HUF-BBR | 6.195 | Annual | Annual | 12/08/2030 |  | 97200 |  | (3) |  | (9) |  | (12) |  | 2 | 2 |  | 0 |
| Receive | Receive | 6-Month HUF-BBR | 6-Month HUF-BBR | 6.110 | Annual | Annual | 12/30/2030 |  | 62000 |  | (2) |  | 10 |  | 8 |  | 0 | 0 |  | (1) |
| Receive | Receive | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 7.230 | Lunar | Lunar | 03/14/2029 | MXN | 5100 |  | 0 |  | 5 |  | 5 |  | 0 | 0 |  | (1) |
| Receive | Receive | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 7.375 | Lunar | Lunar | 11/21/2030 |  | 8500 |  | 4 |  | 9 |  | 13 |  | 0 | 0 |  | (2) |
| Pay | Pay | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 7.700 | Lunar | Lunar | 12/24/2030 |  | 5050 |  | 0 |  | (4) |  | (4) |  | 1 | 1 |  | 0 |
| Receive | Receive | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 7.555 | Lunar | Lunar | 01/24/2031 |  | 2900 |  | 0 |  | 4 |  | 4 |  | 0 | 0 |  | (1) |
| Pay | Pay | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 7.350 | Lunar | Lunar | 01/31/2031 |  | 5100 |  | (2) |  | (7) |  | (9) |  | 1 | 1 |  | 0 |
| Receive | Receive | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 7.681 | Lunar | Lunar | 03/05/2031 |  | 24100 |  | 0 |  | 23 |  | 23 |  | 0 | 0 |  | (6) |
| Receive | Receive | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 7.545 | Lunar | Lunar | 03/12/2031 |  | 1700 |  | 0 |  | 2 |  | 2 |  | 0 | 0 |  | 0 |
| Pay<sup>(4)</sup> | Pay<sup>(4)</sup> | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 8.170 | Lunar | Lunar | 03/26/2031 |  | 10300 |  | 0 |  | 1 |  | 1 |  | 3 | 3 |  | 0 |
| Pay<sup>(4)</sup> | Pay<sup>(4)</sup> | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 8.000 | Lunar | Lunar | 06/11/2031 |  | 6900 |  | (4) |  | 1 |  | (3) |  | 2 | 2 |  | 0 |
| Receive<sup>(4)</sup> | Receive<sup>(4)</sup> | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 8.200 | Lunar | Lunar | 06/11/2031 |  | 10000 |  | 0 |  | 0 |  | 0 |  | 0 | 0 |  | (3) |
| Pay<sup>(4)</sup> | Pay<sup>(4)</sup> | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 8.255 | Lunar | Lunar | 06/11/2031 |  | 16800 |  | 0 |  | 2 |  | 2 |  | 4 | 4 |  | 0 |
| Pay<sup>(4)</sup> | Pay<sup>(4)</sup> | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 8.340 | Lunar | Lunar | 06/11/2031 |  | 4600 |  | 0 |  | 1 |  | 1 |  | 1 | 1 |  | 0 |
| Pay<sup>(4)</sup> | Pay<sup>(4)</sup> | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 8.500 | Lunar | Lunar | 06/04/2036 |  | 1900 |  | 0 |  | 0 |  | 0 |  | 0 | 0 |  | 0 |
| Pay<sup>(4)</sup> | Pay<sup>(4)</sup> | 6-Month CLP-CHILIBOR | 6-Month CLP-CHILIBOR | 5.190 | Semi-Annual | Semi-Annual | 06/17/2031 | CLP | 95000 |  | 0 |  | 0 |  | 0 |  | 0 | 0 |  | 0 |
| Pay<sup>(4)</sup> | Pay<sup>(4)</sup> | 6-Month CLP-CHILIBOR | 6-Month CLP-CHILIBOR | 5.250 | Semi-Annual | Semi-Annual | 06/17/2031 |  | 33100 |  | 0 |  | 0 |  | 0 |  | 0 | 0 |  | 0 |
|  |  |  |  |  |  |  |  |  | $ | $(577) | (577) | $225 | 225 | $(352) | (352) | $164 | 164 | 164 | $(176) | (176) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | $**(565)** | **(565)** | $**226** | **226** | $**(339)** | **(339)** | $**164** | **164** | **164** | $**(179)** | **(179)** |
| **Cash of $1,502 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $1,502 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $1,502 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $1,502 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $1,502 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $1,502 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $1,502 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $1,502 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $1,502 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $1,502 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $1,502 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $1,502 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $1,502 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $1,502 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $1,502 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $1,502 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $1,502 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $1,502 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $1,502 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $1,502 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $1,502 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** |
| <sup>(1)</sup> | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(2)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(3)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(4)</sup> | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. |
| **(m)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** |
|  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | Settlement<br>Month | Settlement<br>Month | Settlement<br>Month |  | Currency to<br>be Delivered | Currency to<br>be Delivered | Currency to<br>be Delivered |  | Currency to<br>be Received | Currency to<br>be Received | Currency to<br>be Received | Asset | Asset | Asset | Asset | Liability | Liability | Liability |
| &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | 04/2026  | 04/2026  | 04/2026  | BRL | 3223 | 3223 | 3223 | $ | $612 | 612 | 612 | 0 | 0 | 0 | 0 | $(10) | (10) | (10) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | COP | 100031 | 100031 | 100031 |  | 25 | 25 | 25 | 0 | 0 | 0 | 0 | (2) | (2) | (2) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | DOP | 6847 | 6847 | 6847 |  | 109 | 109 | 109 | 0 | 0 | 0 | 0 | (4) | (4) | (4) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | EUR | 331 | 331 | 331 |  | 380 | 380 | 380 | 0 | 0 | 0 | 0 | (2) | (2) | (2) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | INR | 111173 | 111173 | 111173 |  | 1184 | 1184 | 1184 | 10 | 10 | 10 | 10 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | PEN | 2863 | 2863 | 2863 |  | 822 | 822 | 822 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | PLN | 137 | 137 | 137 |  | 37 | 37 | 37 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | TRY | 4888 | 4888 | 4888 |  | 106 | 106 | 106 | 0 | 0 | 0 | 0 | (3) | (3) | (3) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | $ | $618 | 618 | 618 | BRL | 3223 | 3223 | 3223 | 4 | 4 | 4 | 4 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 67 | 67 | 67 | DOP | 4074 | 4074 | 4074 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 654 | 654 | 654 | EUR | 564 | 564 | 564 | 0 | 0 | 0 | 0 | (2) | (2) | (2) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 1184 | 1184 | 1184 | INR | 111372 | 111372 | 111372 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 70 | 70 | 70 | PLN | 257 | 257 | 257 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 373 | 373 | 373 | THB | 12078 | 12078 | 12078 | 0 | 0 | 0 | 0 | (6) | (6) | (6) |
|  |  |  | 05/2026  | 05/2026  | 05/2026  | DOP | 4802 | 4802 | 4802 | $ | $74 | 74 | 74 | 0 | 0 | 0 | 0 | (5) | (5) | (5) |
|  |  |  | 05/2026  | 05/2026  | 05/2026  | $ | $381 | 381 | 381 | EUR | 331 | 331 | 331 | 2 | 2 | 2 | 2 | 0 | 0 | 0 |
|  |  |  | 06/2026  | 06/2026  | 06/2026  | ILS | 14 | 14 | 14 | $ | $5 | 5 | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 06/2026  | 06/2026  | 06/2026  | MXN | 12774 | 12774 | 12774 |  | 702 | 702 | 702 | 0 | 0 | 0 | 0 | (7) | (7) | (7) |
|  |  |  | 06/2026  | 06/2026  | 06/2026  | $ | $305 | 305 | 305 | COP | 1158558 | 1158558 | 1158558 | 5 | 5 | 5 | 5 | 0 | 0 | 0 |
|  |  |  | 06/2026  | 06/2026  | 06/2026  |  | 791 | 791 | 791 | MXN | 14156 | 14156 | 14156 | 0 | 0 | 0 | 0 | (6) | (6) | (6) |
|  |  |  | 06/2026  | 06/2026  | 06/2026  |  | 819 | 819 | 819 | PEN | 2863 | 2863 | 2863 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 07/2026  | 07/2026  | 07/2026  | PEN | 944 | 944 | 944 | $ | $279 | 279 | 279 | 10 | 10 | 10 | 10 | 0 | 0 | 0 |
|  |  |  | 08/2026  | 08/2026  | 08/2026  | ZAR | 9678 | 9678 | 9678 |  | 556 | 556 | 556 | 0 | 0 | 0 | 0 | (10) | (10) | (10) |

---

------

<br> Schedule of Investments PIMCO Flexible Emerging Markets Income Fund (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 09/2026  | 219705 | 56 | 0 | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | 04/2026  | 5060 | 949 | 0 | (27) |
|  | 04/2026  | 172082 | 192 | 6 | 0 |
|  | 04/2026  | 11 | 4 | 0 | 0 |
|  | 04/2026  | 165272 | 1758 | 7 | (3) |
|  | 04/2026  | 19721 | 610 | 11 | 0 |
|  | 04/2026  | $970 | 5060 | 7 | 0 |
|  | 04/2026  | 188 | 172082 | 0 | (3) |
|  | 04/2026  | 3 | 8 | 0 | 0 |
|  | 04/2026  | 24 | 91 | 0 | 0 |
|  | 04/2026  | 4167 | $246 | 0 | 0 |
|  | 05/2026  | 8 | 3 | 0 | 0 |
|  | 05/2026  | $509 | 48225 | 3 | 0 |
|  | 05/2026  | 192 | 59 | 0 | (3) |
|  | 06/2026  | 172082 | $188 | 3 | 0 |
|  | 06/2026  | 19599 | 1092 | 12 | (7) |
|  | 06/2026  | $172 | 913 | 2 | 0 |
|  | 06/2026  | 1005 | 16919919 | 0 | (11) |
|  | 07/2026  | 169 | 906 | 3 | 0 |
|  | 08/2026  | 1221 | 116206 | 0 | (5) |
|  | 05/2030  | 261 | $900 | 41 | 0 |
|  | 08/2030  | 288 | 971 | 24 | 0 |
|  | 01/2031  | 154 | 518 | 11 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | 04/2026  | 28 | 38 | 1 | 0 |
|  | 04/2026  | 78755 | 1715 | 0 | (23) |
|  | 04/2026  | $599 | 19484 | 0 | (7) |
|  | 04/2026  | 4076 | 182613 | 22 | 0 |
|  | 04/2026  | 1888 | $115 | 4 | 0 |
|  | 05/2026  | 38607 | 828 | 0 | (6) |
|  | 05/2026  | $86 | 316959 | 0 | 0 |
|  | 05/2026  | 12 | 536 | 0 | 0 |
|  | 06/2026  | 7770686 | $459 | 2 | 0 |
|  | 08/2026  | 323653 | 86 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | 04/2026  | 2751 | 527 | 0 | (4) |
|  | 04/2026  | 405 | 539 | 3 | 0 |
|  | 04/2026  | 159 | 44 | 1 | 0 |
|  | 04/2026  | $526 | 2751 | 6 | 0 |
|  | 04/2026  | 32 | 120809 | 1 | 0 |
|  | 05/2026  | 1588 | $466 | 10 | 0 |
|  | 05/2026  | $539 | 405 | 0 | (3) |
|  | 05/2026  | 51 | 174 | 0 | (2) |
|  | 06/2026  | 505 | $150 | 5 | 0 |
|  | 06/2026  | $265 | 894 | 0 | (9) |
|  | 12/2026  | 160 | 541 | 0 | (6) |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | 04/2026  | 1616 | $304 | 0 | (8) |
|  | 04/2026  | 15476574 | 4070 | 0 | (141) |
|  | 04/2026  | 139 | 161 | 1 | 0 |
|  | 04/2026  | 359 | 476 | 1 | 0 |
|  | 04/2026  | 119979 | 1294 | 18 | 0 |
|  | 04/2026  | 554 | 165 | 6 | 0 |
|  | 04/2026  | $332 | 463 | 0 | (12) |
|  | 04/2026  | 310 | 1616 | 2 | 0 |
|  | 04/2026  | 920 | 3429351 | 13 | 0 |
|  | 04/2026  | 706 | 608 | 0 | (3) |
|  | 04/2026  | 1076 | 802 | 0 | (14) |
|  | 04/2026  | 2444 | 226642 | 0 | (42) |
|  | 04/2026  | 128 | 444 | 0 | (1) |
|  | 04/2026  | 279 | 10944 | 0 | (10) |
|  | 04/2026  | 1145 | 30640200 | 17 | 0 |
|  | 04/2026  | 174 | 2967 | 1 | 0 |
|  | 04/2026  | 4229 | $104 | 0 | 0 |
|  | 05/2026  | 1027335 | 278 | 1 | 0 |
|  | 05/2026  | $24 | 2253 | 0 | 0 |
|  | 05/2026  | 14 | 21395 | 1 | 0 |
|  | 05/2026  | 88 | 304 | 0 | (1) |
|  | 06/2026  | 909803 | $242 | 0 | (2) |
|  | 06/2026  | 9938655 | 591 | 6 | 0 |
|  | 06/2026  | 44 | 14 | 0 | 0 |
|  | 06/2026  | 5404 | 301 | 1 | 0 |
|  | 06/2026  | 4342 | 1258 | 15 | 0 |
|  | 06/2026  | $902 | 3394568 | 7 | 0 |
|  | 06/2026  | 287 | 988 | 0 | (4) |
|  | 07/2026  | 4278263 | $1121 | 0 | (17) |
|  | 07/2026  | 3882 | 1127 | 18 | 0 |
|  | 07/2026  | $33 | 123699 | 0 | 0 |
|  | 07/2026  | 32 | 1633 | 0 | (4) |
|  | 08/2026  | 114783 | $1224 | 23 | 0 |
|  | 09/2026  | 1136259 | 293 | 0 | (5) |
|  | 09/2026  | $175 | 680388 | 3 | 0 |
|  | 10/2026  | 309120 | $84 | 5 | 0 |
|  | 10/2026  | $45 | 173713 | 0 | 0 |
|  | 10/2026  | 248900 | $19 | 0 | (1) |
|  | 11/2026  | 22468 | 14 | 0 | (1) |
|  | 01/2027  | 1813 | 536 | 23 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | 04/2026  | 1284 | 889 | 3 | 0 |
|  | 04/2026  | 3123 | 456 | 2 | 0 |

---

------

<br> Schedule of Investments PIMCO Flexible Emerging Markets Income Fund (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 04/2026  | 1170 | 55 | 0 | 0 |
|  | 04/2026  | 1941 | 6 | 0 | 0 |
|  | 04/2026  | 23 | 7 | 0 | 0 |
|  | 04/2026  | 12881 | 26 | 0 | 0 |
|  | 04/2026  | 35 | 10 | 1 | 0 |
|  | 04/2026  | 24 | 19 | 0 | 0 |
|  | 04/2026  | 398511 | 111 | 6 | 0 |
|  | 04/2026  | $12 | 608 | 0 | (1) |
|  | 04/2026  | 315 | 1095 | 0 | (1) |
|  | 04/2026  | 1047455 | $84 | 0 | (2) |
|  | 05/2026  | 1165626 | 812 | 0 | (12) |
|  | 05/2026  | 8657 | 263 | 0 | 0 |
|  | 05/2026  | $888 | 1284 | 0 | (3) |
|  | 05/2026  | 36 | 249 | 0 | 0 |
|  | 05/2026  | 19 | 24 | 0 | 0 |
|  | 06/2026  | 626807 | $168 | 0 | 0 |
|  | 06/2026  | 189973 | 356 | 0 | (33) |
|  | 06/2026  | 1098 | 315 | 1 | 0 |
|  | 06/2026  | 4038 | 14 | 0 | 0 |
|  | 06/2026  | 405 | 13 | 0 | 0 |
|  | 08/2026  | $2 | 78 | 0 | 0 |
|  | 09/2026  | 3928 | $70 | 5 | 0 |
|  | 09/2026  | 14631 | 49 | 0 | (2) |
|  | 10/2026  | 170375 | 47 | 4 | 0 |
|  | 10/2026  | 1750040 | 136 | 0 | (1) |
|  | 11/2026  | 2014905 | 154 | 0 | (3) |
|  | 12/2026  | 2855913 | 220 | 0 | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp; GLM | 04/2026  | 5428 | 1021 | 0 | (26) |
|  | 04/2026  | 12 | 4 | 0 | 0 |
|  | 04/2026  | 113913 | 1237 | 34 | 0 |
|  | 04/2026  | 66 | 4 | 0 | 0 |
|  | 04/2026  | 75 | 20 | 0 | 0 |
|  | 04/2026  | $1020 | 5428 | 28 | 0 |
|  | 04/2026  | 495 | 3386 | 0 | (3) |
|  | 04/2026  | 27 | 100031 | 0 | 0 |
|  | 04/2026  | 127 | 8198 | 7 | 0 |
|  | 04/2026  | 4176 | 390238 | 0 | (38) |
|  | 04/2026  | 843 | 2891 | 0 | (13) |
|  | 04/2026  | 12 | 43 | 0 | 0 |
|  | 04/2026  | 188 | 6086 | 0 | (3) |
|  | 04/2026  | 422 | 16391 | 0 | (18) |
|  | 05/2026  | 134933 | $2091 | 4 | (133) |
|  | 05/2026  | 30454 | 925 | 0 | (2) |
|  | 05/2026  | $14 | 734 | 0 | (1) |
|  | 06/2026  | 0 | $0 | 0 | 0 |
|  | 06/2026  | 394086 | 104 | 0 | (2) |
|  | 06/2026  | 5155 | 84 | 0 | 0 |
|  | 06/2026  | 2479 | 46 | 3 | 0 |
|  | 06/2026  | 10460 | 587 | 7 | 0 |
|  | 06/2026  | $1021 | 5500 | 27 | 0 |
|  | 06/2026  | 1414 | 24662 | 0 | (46) |
|  | 07/2026  | 55756 | $15 | 0 | 0 |
|  | 07/2026  | 4727 | 77 | 0 | 0 |
|  | 08/2026  | 24953 | 397 | 0 | (9) |
|  | 08/2026  | $392 | 24539 | 7 | 0 |
|  | 09/2026  | 41044 | $686 | 21 | 0 |
|  | 09/2026  | 337594 | 3567 | 45 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | 04/2026  | 262 | 38 | 0 | 0 |
|  | 04/2026  | 709 | 33 | 0 | 0 |
|  | 04/2026  | 5705 | 17 | 0 | 0 |
|  | 04/2026  | $153 | 130 | 0 | (2) |
|  | 04/2026  | 383 | 6851 | 0 | (1) |
|  | 04/2026  | 7 | 27 | 0 | 0 |
|  | 04/2026  | 173 | 218 | 0 | (3) |
|  | 04/2026  | 4414 | $264 | 4 | 0 |
|  | 05/2026  | 651 | 446 | 0 | (3) |
|  | 05/2026  | $38 | 262 | 0 | 0 |
|  | 06/2026  | 305 | 5157459 | 0 | (2) |
|  | 10/2026  | 77385 | $21 | 1 | 0 |
|  | 10/2026  | 476089 | 37 | 0 | 0 |
|  | 11/2026  | 9573 | 546 | 0 | (9) |
|  | 06/2027  | 134914 | 10 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | 04/2026  | 2398 | 2772 | 7 | (7) |
|  | 04/2026  | 684815 | 457 | 2 | 0 |
|  | 04/2026  | $607 | 855 | 0 | (18) |
|  | 04/2026  | 1456 | 5391889 | 11 | 0 |
|  | 04/2026  | 12 | 630 | 0 | (1) |
|  | 04/2026  | 1072 | 928 | 3 | (2) |
|  | 04/2026  | 598 | 448 | 0 | (5) |
|  | 04/2026  | 1057 | 1568250 | 0 | (15) |
|  | 04/2026  | 25 | 1162 | 0 | 0 |
|  | 04/2026  | 140 | 5458 | 0 | (6) |
|  | 04/2026  | 6324 | $156 | 0 | 0 |
|  | 05/2026  | $5 | 275 | 0 | (1) |
|  | 05/2026  | 139 | 5435 | 0 | (5) |
|  | 06/2026  | 1187350 | $305 | 0 | (13) |

---

------

<br> Schedule of Investments PIMCO Flexible Emerging Markets Income Fund (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | 06/2026  | 5118490 | 5118490 | 5118490 |  |  | 301 |  | 0 | 0 | 0 |  | 0 |
|  |  | 07/2026  | 5516670 | 5516670 | 5516670 |  |  | 1456 |  | 0 | 0 | 0 |  | (9) |
|  |  | 09/2026  | 2424 | 2424 | 2424 |  |  | 44 |  | 3 | 3 | 3 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MYI | &nbsp;&nbsp;&nbsp;&nbsp; MYI | 04/2026  | 913 | 913 | 913 |  |  | 175 |  | 0 | 0 | 0 |  | (1) |
|  |  | 04/2026  | 50 | 50 | 50 |  |  | 3 |  | 0 | 0 | 0 |  | 0 |
|  |  | 04/2026  | $173 | 173 | 173 | BRL | BRL | 913 |  | 3 | 3 | 3 |  | 0 |
|  |  | 04/2026  | 9 | 9 | 9 | PEN | PEN | 31 |  | 0 | 0 | 0 |  | 0 |
|  |  | 10/2026  | 119 | 119 | 119 | AZN | AZN | 213 |  | 4 | 4 | 4 |  | 0 |
|  |  | 10/2027  | 237 | 237 | 237 |  |  | 437 |  | 0 | 0 | 0 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; RBC | &nbsp;&nbsp;&nbsp;&nbsp; RBC | 04/2026  | 194 | 194 | 194 | $ | $ | 152 |  | 1 | 1 | 1 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | &nbsp;&nbsp;&nbsp;&nbsp; SCX | 04/2026  | 3233702 | 3233702 | 3233702 |  |  | 844 |  | 0 | 0 | 0 |  | (36) |
|  |  | 04/2026  | 458 | 458 | 458 |  |  | 611 |  | 5 | 5 | 5 |  | 0 |
|  |  | 04/2026  | 1090 | 1090 | 1090 |  |  | 314 |  | 1 | 1 | 1 |  | 0 |
|  |  | 04/2026  | $91 | 91 | 91 | EGP | EGP | 4575 |  | 0 | 0 | 0 |  | (8) |
|  |  | 04/2026  | 599 | 599 | 599 | INR | INR | 56347 |  | 1 | 1 | 1 |  | 0 |
|  |  | 04/2026  | 61 | 61 | 61 | PEN | PEN | 210 |  | 0 | 0 | 0 |  | (1) |
|  |  | 04/2026  | 104 | 104 | 104 | UGX | UGX | 396221 |  | 1 | 1 | 1 |  | 0 |
|  |  | 05/2026  | 2 | 2 | 2 | EGP | EGP | 106 |  | 0 | 0 | 0 |  | 0 |
|  |  | 06/2026  | 485896 | 485896 | 485896 | $ | $ | 548 |  | 23 | 23 | 23 |  | 0 |
|  |  | 06/2026  | 90015 | 90015 | 90015 |  |  | 24 |  | 0 | 0 | 0 |  | (1) |
|  |  | 10/2026  | $81 | 81 | 81 | UGX | UGX | 305896 |  | 0 | 0 | 0 |  | (3) |
| &nbsp;&nbsp;&nbsp;&nbsp; SOG | &nbsp;&nbsp;&nbsp;&nbsp; SOG | 04/2026  | 5691 | 5691 | 5691 | $ | $ | 6736 |  | 158 | 158 | 158 |  | 0 |
|  |  | 04/2026  | 286000 | 286000 | 286000 |  |  | 80 |  | 4 | 4 | 4 |  | 0 |
|  |  | 04/2026  | $269 | 269 | 269 | EGP | EGP | 13112 |  | 0 | 0 | 0 |  | (32) |
|  |  | 04/2026  | 7303 | 7303 | 7303 | EUR | EUR | 6329 |  | 12 | 12 | 12 |  | 0 |
|  |  | 05/2026  | 5267 | 5267 | 5267 | $ | $ | 762 |  | 0 | 0 | 0 |  | (3) |
|  |  | 05/2026  | 6329 | 6329 | 6329 |  |  | 7315 |  | 0 | 0 | 0 |  | (11) |
|  |  | 05/2026  | $275 | 275 | 275 | EGP | EGP | 13719 |  | 0 | 0 | 0 |  | (34) |
|  |  | 06/2026  | 5 | 5 | 5 | $ | $ | 2 |  | 0 | 0 | 0 |  | 0 |
|  |  | 06/2026  | 2840 | 2840 | 2840 |  |  | 843 |  | 30 | 30 | 30 |  | 0 |
|  |  | 07/2026  | $61 | 61 | 61 | PEN | PEN | 206 |  | 0 | 0 | 0 |  | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp;&nbsp; SSB | 04/2026  | 34 | 34 | 34 | $ | $ | 24 |  | 1 | 1 | 1 |  | 0 |
|  |  | 04/2026  | 900967 | 900967 | 900967 |  |  | 603 |  | 4 | 4 | 4 |  | 0 |
|  |  | 04/2026  | $606 | 606 | 606 | BRL | BRL | 3161 |  | 4 | 4 | 4 |  | 0 |
|  |  | 08/2026  | 3269016 | 3269016 | 3269016 | $ | $ | 857 |  | 0 | 0 | 0 |  | (6) |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | 04/2026  | 203779 | 203779 | 203779 |  |  | 54 |  | 0 | 0 | 0 |  | (1) |
|  |  | 04/2026  | 1432 | 1432 | 1432 |  |  | 68 |  | 1 | 1 | 1 |  | 0 |
|  |  | 04/2026  | 92 | 92 | 92 |  |  | 26 |  | 1 | 1 | 1 |  | 0 |
|  |  | 04/2026  | $2681 | 2681 | 2681 | COP | COP | 9969616 |  | 31 | 31 | 31 |  | 0 |
|  |  | 04/2026  | 18 | 18 | 18 | PLN | PLN | 67 |  | 0 | 0 | 0 |  | 0 |
|  |  | 05/2026  | 819 | 819 | 819 | $ | $ | 25 |  | 0 | 0 | 0 |  | 0 |
|  |  | 05/2026  | $194 | 194 | 194 | COP | COP | 718525 |  | 0 | 0 | 0 |  | 0 |
|  |  | 06/2026  | 603313 | 603313 | 603313 | $ | $ | 696 |  | 44 | 44 | 44 |  | 0 |
|  |  | 06/2026  | 14872259 | 14872259 | 14872259 |  |  | 3927 |  | 0 | 0 | 0 |  | (56) |
|  |  | 06/2026  | 10 | 10 | 10 |  |  | 3 |  | 0 | 0 | 0 |  | 0 |
|  |  | 06/2026  | 16284 | 16284 | 16284 |  |  | 918 |  | 15 | 15 | 15 |  | 0 |
|  |  | 06/2026  | $171 | 171 | 171 | MXN | MXN | 2978 |  | 0 | 0 | 0 |  | (6) |
|  |  | 08/2026  | 733698 | 733698 | 733698 | $ | $ | 194 |  | 0 | 0 | 0 |  | 0 |
| **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | $**960** | **960** | **960** | **$** | $**(1102)** | **(1102)** |
| **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** |
| **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** |
| Counterparty | Description | Description | Description | Description |  |  | Strike<br>Price | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Cost | Cost |  | Market<br>Value |
| GLM | Put - OTC GBP versus USD  | Put - OTC GBP versus USD  | Put - OTC GBP versus USD  | Put - OTC GBP versus USD  | $ | $ | 1.300 | 165 | 165 | 165 | $33 | 33 | $ | $53 |
| MBC | Put - OTC USD versus CNH  | Put - OTC USD versus CNH  | Put - OTC USD versus CNH  | Put - OTC USD versus CNH  | CNH | CNH | 6.900 | 2396 | 2396 | 2396 | 15 | 15 |  | 15 |
| **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | $**48** | **48** | **$** | $**68** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** |
| Counterparty | Description | Description | Description | Description |  |  | Strike<br>Price | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value |
| BOA | Call - OTC USD versus TRY  | Call - OTC USD versus TRY  | Call - OTC USD versus TRY  | Call - OTC USD versus TRY  | TRY | TRY | 49.550 | 1164 | 1164 | 1164 | $(19) | (19) | $ | $(1) |
| MBC | Put - OTC USD versus CNH  | Put - OTC USD versus CNH  | Put - OTC USD versus CNH  | Put - OTC USD versus CNH  | CNH | CNH | 6.800 | 4792 | 4792 | 4792 | (9) | (9) |  | (4) |
|  |  |  |  |  |  |  |  |  |  |  | $(28) | (28) | $ | $(5) |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** |
| Counterparty | Description | Floating Rate<br>Index | Floating Rate<br>Index | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value |
| DUB | Call - OTC 5-Year Interest Rate Swap  | 3-Month ZAR-JIBAR | 3-Month ZAR-JIBAR | Receive | 6.640% | 6.640% | 6.640% | 4100 | 4100 | 4100 | $(2) | (2) | $ | $0 |
|  | Put - OTC 5-Year Interest Rate Swap  | 3-Month ZAR-JIBAR | 3-Month ZAR-JIBAR | Pay | 6.640 | 6.640 | 6.640 | 4100 | 4100 | 4100 | (2) | (2) |  | (11) |
|  | Call - OTC 5-Year Interest Rate Swap  | 3-Month ZAR-JIBAR | 3-Month ZAR-JIBAR | Receive | 6.610 | 6.610 | 6.610 | 3900 | 3900 | 3900 | (1) | (1) |  | 0 |

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<br> Schedule of Investments PIMCO Flexible Emerging Markets Income Fund (Cont.) March 31, 2026 (Unaudited)

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| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | Put - OTC 5-Year Interest Rate Swap  | 3-Month ZAR-JIBAR | 3-Month ZAR-JIBAR | 3-Month ZAR-JIBAR | Pay | Pay | 6.610 | 6.610 | 04/28/2026 | 04/28/2026 | 3900 |  | (1) | (1) | (11) | (11) |
|  |  | Call - OTC 5-Year Interest Rate Swap  | 3-Month ZAR-JIBAR | 3-Month ZAR-JIBAR | 3-Month ZAR-JIBAR | Receive | Receive | 6.510 | 6.510 | 05/26/2026 | 05/26/2026 | 3600 |  | (1) | (1) | 0 | 0 |
|  |  | Put - OTC 5-Year Interest Rate Swap  | 3-Month ZAR-JIBAR | 3-Month ZAR-JIBAR | 3-Month ZAR-JIBAR | Pay | Pay | 6.510 | 6.510 | 05/26/2026 | 05/26/2026 | 3600 |  | (1) | (1) | (11) | (11) |
|  |  | Call - OTC 10-Year Interest Rate Swap  | 3-Month PLN-WIRON | 3-Month PLN-WIRON | 3-Month PLN-WIRON | Receive | Receive | 4.230 | 4.230 | 04/13/2026 | 04/13/2026 | 400 |  | (1) | (1) | 0 | 0 |
|  |  | Put - OTC 10-Year Interest Rate Swap  | 3-Month PLN-WIRON | 3-Month PLN-WIRON | 3-Month PLN-WIRON | Pay | Pay | 4.230 | 4.230 | 04/13/2026 | 04/13/2026 | 400 |  | (1) | (1) | (5) | (5) |
|  |  | Call - OTC 10-Year Interest Rate Swap  | 3-Month PLN-WIRON | 3-Month PLN-WIRON | 3-Month PLN-WIRON | Receive | Receive | 4.135 | 4.135 | 05/18/2026 | 05/18/2026 | 400 |  | (1) | (1) | 0 | 0 |
|  |  | Put - OTC 10-Year Interest Rate Swap  | 3-Month PLN-WIRON | 3-Month PLN-WIRON | 3-Month PLN-WIRON | Pay | Pay | 4.135 | 4.135 | 05/18/2026 | 05/18/2026 | 400 |  | (1) | (1) | (6) | (6) |
|  |  | Call - OTC 10-Year Interest Rate Swap  | 6-Month CZK-PRIBOR | 6-Month CZK-PRIBOR | 6-Month CZK-PRIBOR | Receive | Receive | 3.930 | 3.930 | 05/20/2026 | 05/20/2026 | 2300 |  | (1) | (1) | 0 | 0 |
|  |  | Put - OTC 10-Year Interest Rate Swap  | 6-Month CZK-PRIBOR | 6-Month CZK-PRIBOR | 6-Month CZK-PRIBOR | Pay | Pay | 3.930 | 3.930 | 05/20/2026 | 05/20/2026 | 2300 |  | (1) | (1) | (5) | (5) |
|  |  | Call - OTC 10-Year Interest Rate Swap  | 6-Month ILS-TELBOR | 6-Month ILS-TELBOR | 6-Month ILS-TELBOR | Receive | Receive | 3.728 | 3.728 | 04/13/2026 | 04/13/2026 | 400 |  | (1) | (1) | 0 | 0 |
|  |  | Put - OTC 10-Year Interest Rate Swap  | 6-Month ILS-TELBOR | 6-Month ILS-TELBOR | 6-Month ILS-TELBOR | Pay | Pay | 3.728 | 3.728 | 04/13/2026 | 04/13/2026 | 400 |  | (1) | (1) | (3) | (3) |
|  |  | Call - OTC 10-Year Interest Rate Swap  | 6-Month ILS-TELBOR | 6-Month ILS-TELBOR | 6-Month ILS-TELBOR | Receive | Receive | 3.690 | 3.690 | 05/04/2026 | 05/04/2026 | 400 |  | (1) | (1) | 0 | 0 |
|  |  | Put - OTC 10-Year Interest Rate Swap  | 6-Month ILS-TELBOR | 6-Month ILS-TELBOR | 6-Month ILS-TELBOR | Pay | Pay | 3.690 | 3.690 | 05/04/2026 | 05/04/2026 | 400 |  | (1) | (1) | (3) | (3) |
| GST | GST | Call - OTC 5-Year Interest Rate Swap  | 3-Month ZAR-JIBAR | 3-Month ZAR-JIBAR | 3-Month ZAR-JIBAR | Receive | Receive | 6.673 | 6.673 | 04/14/2026 | 04/14/2026 | 3800 |  | (1) | (1) | 0 | 0 |
|  |  | Put - OTC 5-Year Interest Rate Swap  | 3-Month ZAR-JIBAR | 3-Month ZAR-JIBAR | 3-Month ZAR-JIBAR | Pay | Pay | 6.673 | 6.673 | 04/14/2026 | 04/14/2026 | 3800 |  | (1) | (1) | (10) | (10) |
| JPM | JPM | Call - OTC 5-Year Interest Rate Swap  | 3-Month MXN-TIIE | 3-Month MXN-TIIE | 3-Month MXN-TIIE | Receive | Receive | 7.600 | 7.600 | 04/08/2026 | 04/08/2026 | 4500 |  | (2) | (2) | 0 | 0 |
|  |  | Put - OTC 5-Year Interest Rate Swap  | 3-Month MXN-TIIE | 3-Month MXN-TIIE | 3-Month MXN-TIIE | Pay | Pay | 7.600 | 7.600 | 04/08/2026 | 04/08/2026 | 4500 |  | (2) | (2) | (6) | (6) |
|  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (24) | (24) | $(71) | (71) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **$** | **(52)** | **(52)** | $**(76)** | **(76)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> |
| Counterparty | Reference Entity | Reference Entity | Reference Entity | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Implied<br>Credit Spread at<br>March 31, 2026<sup>(3)</sup> | Implied<br>Credit Spread at<br>March 31, 2026<sup>(3)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| BRC | Argentine Republic Government International Bonds  | Argentine Republic Government International Bonds  | Argentine Republic Government International Bonds  | 5.000% | Quarterly | Quarterly | 06/20/2026 | 06/20/2026 | 2.371% | 2.371% | $100 | $(7) | (7) | $8 | $1 | 1 | $0 |
|  | Argentine Republic Government International Bonds  | Argentine Republic Government International Bonds  | Argentine Republic Government International Bonds  | 5.000 | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 2.754 | 2.754 | 19 | 0 | 0 | 0 | 0 | 0 | 0 |
| CBK | Argentine Republic Government International Bonds  | Argentine Republic Government International Bonds  | Argentine Republic Government International Bonds  | 5.000 | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 2.754 | 2.754 | 27 | 0 | 0 | 0 | 0 | 0 | 0 |
|  | Petroleos Mexicanos  | Petroleos Mexicanos  | Petroleos Mexicanos  | 1.000 | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 2.033 | 2.033 | 100 | (1) | (1) | 0 | 0 | 0 | (1) |
| DUB | Petroleos Mexicanos « | Petroleos Mexicanos « | Petroleos Mexicanos « | 4.750 | Monthly | Monthly | 07/06/2026 | 07/06/2026 | —◆ | —◆ | 118 | 0 | 0 | 1 | 1 | 1 | 0 |
|  | Turkiye Government International Bonds  | Turkiye Government International Bonds  | Turkiye Government International Bonds  | 1.000 | Quarterly | Quarterly | 06/20/2030 | 06/20/2030 | 2.716 | 2.716 | 1100 | (94) | (94) | 24 | 0 | 0 | (70) |
| GST | Argentine Republic Government International Bonds  | Argentine Republic Government International Bonds  | Argentine Republic Government International Bonds  | 5.000 | Quarterly | Quarterly | 06/20/2026 | 06/20/2026 | 2.371 | 2.371 | 79 | 0 | 0 | 1 | 1 | 1 | 0 |
|  | Argentine Republic Government International Bonds  | Argentine Republic Government International Bonds  | Argentine Republic Government International Bonds  | 5.000 | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 2.754 | 2.754 | 74 | 0 | 0 | 1 | 1 | 1 | 0 |
|  | Argentine Republic Government International Bonds  | Argentine Republic Government International Bonds  | Argentine Republic Government International Bonds  | 5.000 | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 3.980 | 3.980 | 175 | (25) | (25) | 27 | 2 | 2 | 0 |
| JPM | Ecuador Government International Bonds  | Ecuador Government International Bonds  | Ecuador Government International Bonds  | 5.000 | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 2.178 | 2.178 | 300 | 10 | 10 | 0 | 10 | 10 | 0 |
|  | State Oil Company of Azerbaijan  | State Oil Company of Azerbaijan  | State Oil Company of Azerbaijan  | 5.000 | Quarterly | Quarterly | 06/20/2026 | 06/20/2026 | 1.376 | 1.376 | 200 | 2 | 2 | 0 | 2 | 2 | 0 |
| MEI | South Africa Government International Bonds  | South Africa Government International Bonds  | South Africa Government International Bonds  | 1.000 | Quarterly | Quarterly | 06/20/2030 | 06/20/2030 | 1.704 | 1.704 | 100 | (6) | (6) | 4 | 0 | 0 | (2) |
|  | Turkiye Government International Bonds  | Turkiye Government International Bonds  | Turkiye Government International Bonds  | 1.000 | Quarterly | Quarterly | 06/20/2030 | 06/20/2030 | 2.716 | 2.716 | 1100 | (113) | (113) | 43 | 0 | 0 | (70) |
| MYC | Argentine Republic Government International Bonds  | Argentine Republic Government International Bonds  | Argentine Republic Government International Bonds  | 5.000 | Quarterly | Quarterly | 06/20/2026 | 06/20/2026 | 2.371 | 2.371 | 75 | 1 | 1 | 0 | 1 | 1 | 0 |
|  | Argentine Republic Government International Bonds  | Argentine Republic Government International Bonds  | Argentine Republic Government International Bonds  | 5.000 | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 3.980 | 3.980 | 190 | (28) | (28) | 31 | 3 | 3 | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  | $(261) | (261) | $140 | $22 | 22 | $(143) |

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<br> Schedule of Investments PIMCO Flexible Emerging Markets Income Fund (Cont.) March 31, 2026 (Unaudited)

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| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** |
|  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Financing Rate | Payment<br>Frequency | Maturity<br>Date |  | Notional<br>Amount | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Liability |
| &nbsp;&nbsp; MYC | &nbsp;&nbsp; 0.000% | Maturity | 01/30/2033 | CNY | 4000 | 7 | 7 | $(322) | (322) | 0 | $(315) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | **(254)** | **$** | **(182)** | **(182)** | **$** | **(458)** |
| **(n)** | **Securities with an aggregate market value of $338 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $338 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $338 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $338 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $338 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $338 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $338 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $338 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $338 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $338 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $338 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of March 31, 2026.** |
| ◆ | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. |
| <sup>(1)</sup> | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. |
| <sup>(2)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(3)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(4)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(5)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(6)</sup> | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. | Receive represents that the Fund receives payments for any positive net return on the underlying reference. The Fund makes payments for any negative net return on such underlying reference. Pay represents that the Fund receives payments for any negative net return on the underlying reference. The Fund makes payments for any positive net return on such underlying reference. |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of March 31, 2026 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of March 31, 2026 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of March 31, 2026 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of March 31, 2026 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of March 31, 2026 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of March 31, 2026 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of March 31, 2026 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of March 31, 2026 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of March 31, 2026 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of March 31, 2026 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of March 31, 2026 in valuing the Fund's assets and liabilities**: |  |
| Category and Subcategory | Category and Subcategory | Level 1 | Level 1 | Level 2 | Level 2 | Level 3 | Level 3 | Level 3 | Fair Value<br>at 03/31/2026 | Fair Value<br>at 03/31/2026 |  |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |  |
| Loan Participations and Assignments | Loan Participations and Assignments | $0 | 0 | $0 | 0 | $2983 | 2983 | 2983 | $ | 2983 |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |  |
| Banking & Finance | Banking & Finance | 0 | 0 | 6088 | 6088 | 809 | 809 | 809 |  | 6897 |  |
| Industrials | Industrials | 200 | 200 | 7521 | 7521 | 0 | 0 | 0 |  | 7721 |  |
| Utilities | Utilities | 0 | 0 | 3407 | 3407 | 0 | 0 | 0 |  | 3407 |  |
| U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 0 | 137 | 137 | 0 | 0 | 0 |  | 137 |  |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 0 | 34 | 34 | 0 | 0 | 0 |  | 34 |  |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |  |
| Other ABS | Other ABS | 0 | 0 | 220 | 220 | 0 | 0 | 0 |  | 220 |  |
| Sovereign Issues | Sovereign Issues | 0 | 0 | 38739 | 38739 | 0 | 0 | 0 |  | 38739 |  |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |  |
| Mutual Funds | Mutual Funds | 0 | 0 | 872 | 872 | 0 | 0 | 0 |  | 872 |  |
| Egypt Treasury Bills | Egypt Treasury Bills | 0 | 0 | 6 | 6 | 0 | 0 | 0 |  | 6 |  |
| Nigeria Treasury Bills | Nigeria Treasury Bills | 0 | 0 | 3362 | 3362 | 0 | 0 | 0 |  | 3362 |  |
| U.S. Treasury Bills | U.S. Treasury Bills | 0 | 0 | 604 | 604 | 0 | 0 | 0 |  | 604 |  |
|  |  | $200 | 200 | $60990 | 60990 | $3792 | 3792 | 3792 | $ | 64982 |  |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |  |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |  |
| Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | $5963 | 5963 | $0 | 0 | $0 | 0 | 0 | $ | 5963 |  |
| Total Investments | Total Investments | $6163 | 6163 | $60990 | 60990 | $3792 | 3792 | 3792 | $ | 70945 |  |
| **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  |  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | 0 | 0 | 165 | 165 | 0 | 0 | 0 |  | 165 |  |
| Over the counter | Over the counter | 0 | 0 | 1049 | 1049 | 1 | 1 | 1 |  | 1050 |  |
|  |  | $0 | 0 | $1214 | 1214 | $1 | 1 | 1 | $ | 1215 |  |
| **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  |  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | (4) | (4) | (180) | (180) | 0 | 0 | 0 |  | (184) |  |
| Over the counter | Over the counter | 0 | 0 | (1321) | (1321) | (315) | (315) | (315) |  | (1636) |  |
|  |  | $(4) | (4) | $(1501) | (1501) | $(315) | (315) | (315) | $ | (1820) |  |
| Total Financial Derivative Instruments | Total Financial Derivative Instruments | $(4) | (4) | $(287) | (287) | $(314) | (314) | (314) | $ | (605) |  |
| Totals | Totals | $6159 | 6159 | $60703 | 60703 | $3478 | 3478 | 3478 | $ | 70340 |  |

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<br> Schedule of Investments PIMCO Flexible Emerging Markets Income Fund (Cont.) March 31, 2026 (Unaudited)

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| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended March 31, 2026:** |
| Category and Subcategory | Category and Subcategory | Beginning<br>Balance<br>at 06/30/2025 | Beginning<br>Balance<br>at 06/30/2025 | Net<br>Purchases<sup>(1)</sup> | Net<br>Purchases<sup>(1)</sup> | Net<br>Sales/Settlements<sup>(1)</sup> | Net<br>Sales/Settlements<sup>(1)</sup> | Net<br>Sales/Settlements<sup>(1)</sup> | Accrued<br>Discounts/<br>(Premiums) | Realized<br>Gain/(Loss) | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(2)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(2)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(2)</sup> | Transfers into<br>Level 3 | Transfers out<br>of Level 3 | Transfers out<br>of Level 3 | Ending<br>Balance<br>at 03/31/2026 | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>03/31/2026<sup>(2)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>03/31/2026<sup>(2)</sup> |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Loan Participations and Assignments | Loan Participations and Assignments | $5602 | 5602 | $ | 0 | $ | $(2772) | (2772) | $12 | $43 | $ | $(250) | (250) | $348 | $0 | 0 | 2983 | $ | (211) |
| Corporate Bonds & Notes | Corporate Bonds & Notes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Banking & Finance | Banking & Finance |  | 1154 |  | 654 |  | (480) | (480) | 36 | (5) |  | 48 | 48 | 0 | (598) | (598) | 809 |  | 12 |
|  |  | $6756 | 6756 | $ | 654 | $ | $(3252) | (3252) | $48 | $38 | $ | $(202) | (202) | $348 | $(598) | (598) | 3792 | $ | (199) |
| **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** |
| Over the counter | Over the counter | $2 | 2 | $ | 0 | $ | $(1) | (1) | $0 | $0 | $ | $0 | 0 | $0 | $0 | 0 | 1 | $ | 0 |
| **Financial Derivative Instruments** **- Liabilities** | **Financial Derivative Instruments** **- Liabilities** | **Financial Derivative Instruments** **- Liabilities** | **Financial Derivative Instruments** **- Liabilities** | **Financial Derivative Instruments** **- Liabilities** | **Financial Derivative Instruments** **- Liabilities** | **Financial Derivative Instruments** **- Liabilities** | **Financial Derivative Instruments** **- Liabilities** | **Financial Derivative Instruments** **- Liabilities** | **Financial Derivative Instruments** **- Liabilities** | **Financial Derivative Instruments** **- Liabilities** | **Financial Derivative Instruments** **- Liabilities** | **Financial Derivative Instruments** **- Liabilities** | **Financial Derivative Instruments** **- Liabilities** | **Financial Derivative Instruments** **- Liabilities** | **Financial Derivative Instruments** **- Liabilities** | **Financial Derivative Instruments** **- Liabilities** | **Financial Derivative Instruments** **- Liabilities** | **Financial Derivative Instruments** **- Liabilities** | **Financial Derivative Instruments** **- Liabilities** |
| Over the counter | Over the counter | $(253) | (253) | $ | 0 | $ | $0 | 0 | $0 | $0 | $ | $(62) | (62) | $0 | $0 | 0 | (315) | $ | (62) |
| Totals | Totals | $6505 | 6505 | $ | 654 | $ | $(3253) | (3253) | $48 | $38 | $ | $(264) | (264) | $348 | $(598) | (598) | 3478 | $ | (261) |
| <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Ending<br>Balance<br>at 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | Input Value(s) | Input Value(s) | Input Value(s) | Weighted Average |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | $2628 | 2628 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 4.744 – 48.991 | 4.744 – 48.991 | 4.744 – 48.991 | 13.804 |
|  |  |  |  |  | 8 | 8 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Valuation Techniques<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Valuation Techniques<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Valuation Techniques<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Valuation Techniques<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Valuation Techniques<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; - | - | - | - |  |
|  |  |  |  |  | 348 | 348 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | 100.250 | 100.250 | 100.250 |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |
| Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | 303 | 303 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 6.601 | 6.601 | 6.601 |  |
|  |  |  |  |  | 505 | 505 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proxy pricing | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proxy pricing | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proxy pricing | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proxy pricing | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proxy pricing | &nbsp;&nbsp;&nbsp;&nbsp; Base Price | &nbsp;&nbsp;&nbsp;&nbsp; Base Price | &nbsp;&nbsp;&nbsp;&nbsp; Base Price | &nbsp;&nbsp;&nbsp;&nbsp; Base Price | 100.000 | 100.000 | 100.000 |  |
| **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** |
| Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | 1 | 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | 0.192 | 0.192 | 0.192 |  |
| **Financial Derivative Instruments** **- Liabilities** | **Financial Derivative Instruments** **- Liabilities** | **Financial Derivative Instruments** **- Liabilities** | **Financial Derivative Instruments** **- Liabilities** | **Financial Derivative Instruments** **- Liabilities** | **Financial Derivative Instruments** **- Liabilities** | **Financial Derivative Instruments** **- Liabilities** | **Financial Derivative Instruments** **- Liabilities** | **Financial Derivative Instruments** **- Liabilities** | **Financial Derivative Instruments** **- Liabilities** | **Financial Derivative Instruments** **- Liabilities** | **Financial Derivative Instruments** **- Liabilities** | **Financial Derivative Instruments** **- Liabilities** | **Financial Derivative Instruments** **- Liabilities** | **Financial Derivative Instruments** **- Liabilities** | **Financial Derivative Instruments** **- Liabilities** | **Financial Derivative Instruments** **- Liabilities** | **Financial Derivative Instruments** **- Liabilities** | **Financial Derivative Instruments** **- Liabilities** | **Financial Derivative Instruments** **- Liabilities** |
| Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | (315) | (315) | (315) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | (54.359) | (54.359) | (54.359) |
| Total | Total | Total | Total | Total | $3478 | 3478 |  |  |  |  |  |  |  |  |  |  |  |  |  |
| <sup>(1)</sup> | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. |
| <sup>(3)</sup> | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at March 31, 2026 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at March 31, 2026 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at March 31, 2026 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at March 31, 2026 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at March 31, 2026 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at March 31, 2026 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at March 31, 2026 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at March 31, 2026 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at March 31, 2026 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at March 31, 2026 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at March 31, 2026 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at March 31, 2026 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at March 31, 2026 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at March 31, 2026 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at March 31, 2026 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at March 31, 2026 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at March 31, 2026 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at March 31, 2026 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at March 31, 2026 may be due to an investment no longer held or categorized as Level 3 at period end. |
| <sup>(3)</sup> | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. |

---

------

Notes to Financial Statements

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**1. INVESTMENT VALUATION AND FAIR VALUE MEASUREMENTS**

**(a) Investment Valuation Policies** The net asset value ("NAV") of the Fund's shares, or each of its share classes, as applicable, is determined by dividing the total value of portfolio investments and other assets attributable to the Fund or class, less any liabilities, as applicable, by the total number of shares outstanding.

On each day that the New York Stock Exchange ("NYSE") is open, the Fund's shares are ordinarily valued as of the close of regular trading (normally 4:00 p.m., Eastern time) ("NYSE Close"). Information that becomes known to the Fund or its agents after the time as of which NAV has been calculated on a particular day will not generally be used to retroactively adjust the price of a security or the NAV determined earlier that day. If regular trading on the NYSE closes earlier than scheduled, the Fund may calculate its NAV as of the earlier closing time or calculate its NAV as of the NYSE Close for that day. The Fund generally does not calculate its NAV on days on which the NYSE is not open for business. If the NYSE is closed on a day it would normally be open for business, the Fund may calculate its NAV as of the NYSE Close for such day or such other time that the Fund may determine.

For purposes of calculating NAV, portfolio securities and other assets for which market quotations are readily available are valued at market value. A market quotation is readily available only when that quotation is a quoted price (unadjusted) in active markets for identical investments that the Fund can access at the measurement date, provided that a quotation will not be readily available if it is not reliable. Market value is generally determined on the basis of official closing prices or the last reported sales prices. The Fund will normally use pricing data for domestic equity securities received shortly after the NYSE Close and does not normally take into account trading, clearances or settlements that take place after the NYSE Close. A foreign (non-U.S.) equity security traded on a foreign exchange or on more than one exchange is typically valued using pricing information from the exchange considered by Pacific Investment Management Company LLC ("PIMCO") to be the primary exchange. If market value pricing is used, a foreign (non-U.S.) equity security will be valued as of the close of trading on the foreign exchange, or the NYSE Close if the NYSE Close occurs before the end of trading on the foreign exchange.

Investments for which market quotations are not readily available are valued at fair value as determined in good faith pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended (the "Act"). As a general principle, the fair value of a security or other asset is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Pursuant to Rule 2a-5, the Board of Trustees has designated PIMCO as the valuation designee ("Valuation Designee") for the Fund to perform the fair value determination relating to all Fund investments. PIMCO may carry out its designated responsibilities as Valuation Designee through various teams and committees. The Valuation Designee's policies and procedures govern the Valuation Designee's selection and application of methodologies for determining and calculating the fair value of Fund portfolio investments. The Valuation Designee may value Fund portfolio securities for which market quotations are not readily available and other Fund assets utilizing inputs from pricing services, quotation reporting systems, valuation agents and other third-party sources (together, "Pricing Sources").

Domestic and foreign (non-U.S.) fixed income securities, non-exchange traded derivatives and equity options are normally valued on the basis of quotes obtained from brokers and dealers or Pricing Sources using data reflecting the earlier closing of the principal markets for those securities. Prices obtained from Pricing Sources may be based on, among other things, information provided by market makers or estimates of market values obtained from yield data relating to investments or securities with similar characteristics. Certain fixed income securities purchased on a delayed-delivery basis are marked to market daily until settlement at the forward settlement date. Common stocks, exchange-traded funds ("ETFs"), exchange-traded notes and financial derivative instruments, such as futures contracts, rights and warrants, or options on futures that are traded on a national securities exchange, are stated at the last reported sale or settlement price on the day of valuation. Exchange-traded options, except equity options, futures and options on futures, are valued at the settlement price determined by the relevant exchange. Swap agreements and swaptions are valued on the basis of bid quotes obtained from brokers and dealers or market-based prices supplied by Pricing Sources. With respect to any portion of the Fund's assets that are invested in one or more open-end management investment companies (other thanETFs), the Fund's NAV will be calculated based on the NAVs of such investments.

If a foreign (non-U.S.) equity security's value has materially changed after the close of the security's primary exchange or principal market but before the NYSE Close, the security may be valued at fair value. Foreign (non-U.S.) equity securities that do not trade when the NYSE is open are also valued at fair value. With respect to foreign (non-U.S.) equity securities, the Fund may determine the fair value of investments based on information provided by Pricing Sources, which may recommend fair value or adjustments with reference to other securities, indexes or assets. In considering whether fair valuation is required and in determining fair values, the Valuation Designee may, among other things, consider significant events (which may be considered to include changes in the value of U.S. securities or securities indexes) that occur after the close of the relevant market and before the NYSE Close. The Fund may utilize modeling tools provided by third-party vendors to determine fair values of foreign (non-U.S.) securities. For these purposes, unless otherwise determined by the Valuation Designee, any movement in the applicable reference index or instrument ("zero trigger") between the earlier close of the applicable foreign market and the NYSE Close may be deemed to be a significant event, prompting the application of the pricing model (effectively resulting in daily fair valuations). Foreign exchanges may permit trading in foreign (non-U.S.) equity securities on days when the Fund is not open for business, which may result in the Fund's portfolio investments being affected when shareholders are unable to buy or sell shares.

Investments valued in currencies other than the U.S. dollar are converted to the U.S. dollar using exchange rates obtained from Pricing Sources. As a result, the value of such investments and, in turn, the NAV of the Fund's shares may be affected by changes in the value of currencies in relation to the U.S. dollar. The value of investments traded in markets outside the United States or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the Fund is not open for business. As a result, to the extent that the Fund holds foreign (non-U.S.) investments, the value of those investments may change at times when shareholders are unable to buy or sell shares and the value of such investments will be reflected in the Fund's next calculated NAV. An alternative exchange rate may be obtained from a Pricing Source or an exchange rate may otherwise be determined if believed to be more reflective of the rates at which the Fund may transact.

Fair valuation may require subjective determinations about the value of a security. While the Fund's and Valuation Designee's policies and procedures are intended to result in a calculation of the Fund's NAV that fairly reflects security values as of the time of pricing, the Fund cannot ensure that fair values accurately reflect the price that the Fund could obtain for a security if it were to dispose of that security as of the time of pricing (for instance, in a forced or distressed sale). The prices used by the Fund may differ from the value that would be realized if the securities were sold.

Under certain circumstances, the per share NAV of a class of the Fund's shares may be different from the per share NAV of another class of shares as a result of the different daily expense accruals applicable to each class of shares.

**(b) Fair Value Hierarchy** U.S. GAAP describes fair value as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into levels (Level 1, 2 or 3). The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

------

Notes to Financial Statements(Cont.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

• Level 1 — Quoted prices (unadjusted) in active markets or exchanges for identical assets and liabilities.

• Level 2 — Significant other observable inputs, which may include, but are not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market corroborated inputs.

• Level 3 — Significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available, which may include assumptions made by the Valuation Designee that are used in determining the fair value of investments.

Assets or liabilities categorized as Level 2 or 3 as of period end have been transferred between Levels 2 and 3 since the prior period due to changes in the method utilized in valuing the investments. Transfers from Level 2 to Level 3 are a result of a change, in the normal course of business, from the use of methods used by Pricing Sources (Level 2) to the use of a Broker Quote or valuation technique which utilizes significant unobservable inputs due to an absence of current or reliable market-based data (Level 3). Transfers from Level 3 to Level 2 are a result of the availability of current and reliable market-based data provided by Pricing Sources or other valuation techniques which utilize significant observable inputs. In accordance with the requirements of U.S. GAAP, the amounts of transfers into and out of Level 3, if material, are disclosed in the Notes to Schedule of Investments for the Fund.

For fair valuations using significant unobservable inputs, U.S. GAAP requires a reconciliation of the beginning to ending balances for reported fair values that presents changes attributable to realized gain (loss), unrealized appreciation (depreciation), purchases and sales, accrued discounts (premiums), and transfers into and out of the Level 3 category during the period. The end of period value is used for the transfers fair value between fair value Levels of the Fund's assets and liabilities. Additionally, U.S. GAAP requires quantitative information regarding the significant unobservable inputs used in the determination of fair value of assets or liabilities categorized as Level 3 in the fair value hierarchy. In accordance with the requirements of U.S. GAAP, a fair value hierarchy and, if material, a Level 3 reconciliation and details of significant unobservable inputs, have been included in the Notes to Schedule of Investments for the Fund.

**(c) Valuation Techniques and the Fair Value Hierarchy**

**Level 1, Level 2 and Level 3 trading assets and trading liabilities, at fair value** The valuation methods (or "techniques") and significant inputs used in determining the fair values of portfolio securities or other assets and liabilities categorized as Level 1, Level 2 and Level 3 of the fair value hierarchy are as follows:

Common stocks, ETFs, exchange-traded notes and financial derivative instruments, such as futures contracts, rights and warrants, or options on futures that are traded on a national securities exchange, are stated at the last reported sale or settlement price on the day of valuation. To the extent these securities are actively traded and valuation adjustments are not applied, they are categorized as Level 1 of the fair value hierarchy.

Investments in registered open-end investment companies (other than ETFs) will be valued based upon the NAVs of such investments and are categorized as Level 1 of the fair value hierarchy. Investments in unregistered open-end investment companies will be calculated based upon the NAVs of such investments and are considered Level 1 provided that the NAVs are observable, calculated daily and are the value at which both purchases and sales will be conducted.

Fixed income securities including corporate, convertible and municipal bonds and notes, U.S. government agencies, U.S. treasury obligations, sovereign issues, bank loans, convertible preferred securities, non-U.S. bonds and short-term debt instruments (such as commercial paper, time deposits and certificates of deposit) are normally valued on the basis of quotes obtained from brokers and dealers or Pricing Sources that use broker-dealer quotations, reported trades or valuation estimates from their internal pricing models. The Pricing Sources' internal models use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar assets. Securities that use similar valuation techniques and inputs as described above are categorized as Level 2 of the fair value hierarchy.

Fixed income securities purchased on a delayed-delivery basis or as a repurchase commitment in a sale-buyback transaction are marked to market daily until settlement at the forward settlement date and are categorized as Level 2 of the fair value hierarchy.

Mortgage-related and asset-backed securities are usually issued as separate tranches, or classes, of securities within each deal. These securities are also normally valued by Pricing Sources that use broker-dealer quotations, reported trades or valuation estimates from their internal pricing models. The pricing models for these securities usually consider tranche-level attributes, current market data, estimated cash flows and market-based yield spreads for each tranche, and incorporate deal collateral performance, as available. Mortgage-related and asset-backed securities that use similar valuation techniques and inputs as described above are categorized as Level 2 of the fair value hierarchy.

Valuation adjustments may be applied to certain securities that are solely traded on a foreign exchange to account for the market movement between the close of the foreign market and the NYSE Close. These securities are valued using Pricing Sources that consider the correlation of the trading patterns of the foreign security to the intraday trading in the U.S. markets for investments. Securities using these valuation adjustments are categorized as Level 2 of the fair value hierarchy. Preferred securities and other equities traded on inactive markets or valued by reference to similar instruments are also categorized as Level 2 of the fair value hierarchy.

Valuation adjustments may be applied to certain exchange traded futures and options to account for market movement between the exchange settlement and the NYSE Close. These securities are valued using quotes obtained from a quotation reporting system, established market makers or Pricing Sources. Financial derivatives using these valuation adjustments are categorized as Level 2 of the fair value hierarchy.

Equity exchange-traded options and over the counter financial derivative instruments, such as forward foreign currency contracts and options contracts derive their value from underlying asset prices, indexes, reference rates and other inputs or a combination of these factors. These contracts are normally valued on the basis of quotes obtained from a quotation reporting system, established market makers or Pricing Sources (normally determined as of the NYSE Close). Depending on the product and the terms of the transaction, financial derivative instruments can be valued by Pricing Sources using a series of techniques, including simulation pricing models. The pricing models use inputs that are observed from actively quoted markets such as quoted prices, issuer details, indexes, bid/ask spreads, interest rates, implied volatilities, yield curves, dividends and exchange rates. Financial derivative instruments that use similar valuation techniques and inputs as described above are categorized as Level 2 of the fair value hierarchy.

------

Notes to Financial Statements(Cont.)

Centrally cleared swaps and over the counter swaps derive their value from underlying asset prices, indexes, reference rates and other inputs or a combination of these factors. They are valued using a broker-dealer bid quotation or on market-based prices provided by Pricing Sources (normally determined as of the NYSE Close). Centrally cleared swaps and over the counter swaps can be valued by Pricing Sources using a series of techniques, including simulation pricing models. The pricing models may use inputs that are observed from actively quoted markets such as the overnight index swap rate, interest rates, yield curves and credit spreads. These securities are categorized as Level 2 of the fair value hierarchy.

Proxy pricing procedures set the base price of a fixed income security and subsequently adjust the price proportionally to market value changes of a pre-determined security deemed to be comparable in duration, generally a U.S. Treasury or sovereign note based on country of issuance. The base price may be a broker-dealer quote, transaction price or an internal value as derived by analysis of market data. The base price of the security may be reset on a periodic basis based on the availability of market data and procedures approved by the Valuation Oversight Committee. Significant changes in the unobservable inputs of the proxy pricing process (the base price) would result in direct and proportional changes in the fair value of the security. These securities are categorized as Level 3 of the fair value hierarchy.

If third-party evaluated vendor pricing is not available or not deemed to be indicative of fair value, the Manager may elect to obtain Broker Quotes directly from the broker-dealer or passed through from a third-party vendor. In the event that fair value is based upon a single sourced Broker Quote, these securities are categorized as Level 3 of the fair value hierarchy. Broker Quotes are typically received from established market participants. Although independently received, the Manager does not have the transparency to view the underlying inputs which support the market quotation. Significant changes in the Broker Quote would have direct and proportional changes in the fair value of the security.

The Discounted Cash Flow model is based on future cash flows generated by the investment and may be normalized based on expected investment performance. Future cash flows are discounted to present value using an appropriate rate of return, typically calibrated to the initial transaction date and adjusted based on Capital Asset Pricing Model and/or other market-based inputs. Significant changes in the unobservable inputs would result in direct and proportional changes in the fair value of the security. These securities are categorized as Level 3 of the fair value hierarchy.

Short-term debt instruments (such as commercial paper, time deposits and certificates of deposit) having a remaining maturity of 60 days or less may be valued at amortized cost, so long as the amortized cost value of such short-term debt instruments is approximately the same as the fair value of the instrument as determined without the use of amortized cost valuation. These securities are categorized as Level 2 or Level 3 of the fair value hierarchy depending on the source of the base price.

When a fair valuation method is applied by PIMCO that uses significant unobservable inputs, investments will be priced by a method that the Valuation Designee believes reflects fair value and are categorized as Level 3 of the fair value hierarchy.

**2. FEDERAL INCOME TAX MATTERS**

The Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code (the "Code") and distribute all of its taxable income and net realized gains, if applicable, to shareholders. Accordingly, no provision for Federal income taxes has been made.

The Fund may be subject to local withholding taxes, including those imposed on realized capital gains. Any applicable foreign capital gains tax is accrued daily based upon net unrealized gains, and may be payable following the sale of any applicable investments.

In accordance with U.S. GAAP, the Manager has reviewed the Fund's tax positions for all open tax years. As of March 31, 2026, the Fund has recorded no liability for net unrecognized tax benefits relating to uncertain income tax positions it has taken or expects to take in future tax returns.

The Fund files U.S. federal, state and local tax returns as required. The Fund's tax returns are subject to examination by relevant tax authorities until expiration of the applicable statute of limitations, which is generally three years after the filing of the tax return but which can be extended to six years in certain circumstances. Tax returns for open years have incorporated no uncertain tax positions that require a provision for income taxes.

**3. INVESTMENTS IN AFFILIATES**

The Fund may invest in the PIMCO Short Asset Portfolio and the PIMCO Short-Term Floating NAV Portfolio III ("Central Funds") to the extent permitted by the Act, rules thereunder or exemptive relief therefrom. The Central Funds are registered investment companies created for use solely by the series of the Trust and other series of registered investment companies advised by the Adviser, in connection with their cash management activities. The main investments of the Central Funds are money market and short maturity fixed income instruments. The Central Funds may incur expenses related to their investment activities, but do not pay Investment Advisory Fees or Supervisory and Administrative Fees to the Adviser. The Central Funds are considered to be affiliated with the Fund.A copy of each affiliate fund's shareholder report is available at the U.S Securities and Exchange Commission ("SEC") website at www.sec.gov, on the Fund's website at www.pimco.com, or upon request, as applicable.The table below shows the Fund's transactions in and earnings from investments in the affiliated funds for the period endedMarch 31, 2026 (amounts in thousands<sup>†</sup>):

**Investment in PIMCO Short-Term Floating NAV Portfolio III**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Market Value<br>06/30/2025** | **Purchases at<br>Cost** | **Proceeds from<br>Sales** | **Net<br>Realized<br>Gain (Loss)** | **Change in<br>Unrealized<br>Appreciation<br>(Depreciation)** | **Market Value<br>03/31/2026** | **Dividend<br>Income**<sup>(1)</sup> | **Realized Net<br>Capital<br>Gain<br>Distributions**<sup>(1)</sup> |
| $3157 | $36006 | $(33200) | $1 | $(1) | $5963 | $106 | $0 |

---

<sup>†</sup> A zero balance may reflect actual amounts rounding to less than one thousand.

<sup>(1)</sup> The tax characterization of distributions is determined in accordance with Federal income tax regulations and may contain a return of capital. The actual tax characterization of distributions received is determined at the end of the fiscal year of the affiliated fund.

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Glossary: (abbreviations that may be used in the preceding statements)** | **Glossary: (abbreviations that may be used in the preceding statements)** | **Glossary: (abbreviations that may be used in the preceding statements)** | **Glossary: (abbreviations that may be used in the preceding statements)** |  | (Unaudited) |
| **Counterparty Abbreviations:** | **Counterparty Abbreviations:** |  |  |  |  |
| **BOA** | Bank of America N.A. | **GST** | Goldman Sachs International | **RBC** | Royal Bank of Canada |
| **BPS** | BNP Paribas S.A. | **JPM** | JP Morgan Chase Bank N.A. | **SCX** | Standard Chartered Bank, London |
| **BRC** | Barclays Bank PLC | **MBC** | HSBC Bank Plc | **SOG** | Societe Generale Paris |
| **BSH** | Banco Santander S.A. - New York Branch | **MEI** | Merrill Lynch International | **SSB** | State Street Bank and Trust Co. |
| **CBK** | Citibank N.A. | **MYC** | Morgan Stanley Bank, N.A. | **TDM** | TD Securities (USA) LLC |
| **DUB** | Deutsche Bank AG | **MYI** | Morgan Stanley & Co. International PLC | **UAG** | UBS AG Stamford |
| **GLM** | Goldman Sachs Bank USA |  |  |  |  |
| **Currency Abbreviations:** | **Currency Abbreviations:** |  |  |  |  |
| **AUD** | Australian Dollar | **GHS** | Ghanaian Cedi | **PLN** | Polish Zloty |
| **AZN** | Azerbaijani Manat | **HUF** | Hungarian Forint | **PYG** | Paraguayan Guarani |
| **BRL** | Brazilian Real | **IDR** | Indonesian Rupiah | **SGD** | Singapore Dollar |
| **CLP** | Chilean Peso | **ILS** | Israeli Shekel | **THB** | Thai Baht |
| **CNH** | Chinese Renminbi (Offshore) | **INR** | Indian Rupee | **TRY** | Turkish New Lira |
| **CNY** | Chinese Renminbi (Mainland) | **KRW** | South Korean Won | **TWD** | Taiwanese Dollar |
| **COP** | Colombian Peso | **KWD** | Kuwaiti Dinar | **UGX** | Ugandan Shilling |
| **CZK** | Czech Koruna | **KZT** | Kazakhstani Tenge | **USD (or $)** | United States Dollar |
| **DOP** | Dominican Peso | **MXN** | Mexican Peso | **UYU** | Uruguayan Peso |
| **EGP** | Egyptian Pound | **NGN** | Nigerian Naira | **UZS** | Uzbekistani Sum |
| **EUR** | Euro | **PEN** | Peruvian New Sol | **VND** | Vietnamese Dong |
| **GBP** | British Pound | **PKR** | Pakistani Rupee | **ZAR** | South African Rand |
| **Exchange Abbreviations:** | **Exchange Abbreviations:** |  |  |  |  |
| **OTC** | Over the Counter |  |  |  |  |
| **Index/Spread Abbreviations:** | **Index/Spread Abbreviations:** |  |  |  |  |
| **Bobl** | Bundesobligation, the German word for federal government bond | **IBR** | Indicador Bancario de Referencia | **THOR** | Thai Overnight Baht Repurchase Rate |
| **CDX.EM** | Credit Derivatives Index - Emerging <br> Markets | **JY0003M** | 3 Month JPY-LIBOR | **TSFR3M** | Term SOFR 3-Month |
| **EUR003M** | 3 Month EUR Swap Rate | **SOFR** | Secured Overnight Financing Rate | **WIRON** | Warsaw Interbank Offered Rate |
| **EUR006M** | 6 Month EUR Swap Rate |  |  |  |  |
| **Other Abbreviations:** | **Other Abbreviations:** |  |  |  |  |
| **ABS** | Asset-Backed Security | **JIBAR** | Johannesburg Interbank Agreed Rate | **TBD** | To-Be-Determined |
| **BBR** | Bank Bill Rate | **JSC** | Joint Stock Company | **TBD%** | Interest rate to be determined when loan <br> settles or at the time of funding |
| **BRL-CDI** | Brazil Interbank Deposit Rate | **Lunar** | Monthly payment based on 28-day periods. One year consists of 13 periods. | **TELBOR** | Tel Aviv Inter-Bank Offered Rate |
| **CHILIBOR** | Chile Interbank Offered Rate | **OIS** | Overnight Index Swap | **TIIE** | Tasa de Interés Interbancaria de Equilibrio "Equilibrium Interbank Interest Rate" |
| **DAC** | Designated Activity Company | **PRIBOR** | Prague Interbank Offered Rate | **WIBOR** | Warsaw Interbank Offered Rate |
| **EURIBOR** | Euro Interbank Offered Rate | **TBA** | To-Be-Announced |  |  |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** PIMCO Flexible Emerging Markets Income Fund

- **b. Investment Company Act file number:** 811-23648

- **c. CIK number of Registrant:** 0001851077

- **d. LEI of Registrant:** 549300AJA4FNZO83ST90

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 1633 Broadway

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10019

  - **Telephone number:** (844) 312-2113

**Item A.2. Information about the Series.**

- **a. Name of Series:** N/A

- **c. LEI of Series:** N/A

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-06-30

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $75244769.68

**Total Liabilities:** $15906891.74

**Net Assets:** $59337877.94

**Cash Not Reported:** $1592075.78

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** -142.636500 | **1-Year:** 557.583900 | **5-Year:** 5858.309800 | **10-Year:** 4109.488400 | **30-Year:** -753.151300

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 1368.627400 | **1-Year:** 1167.400100 | **5-Year:** 6422.556800 | **10-Year:** 4090.760600 | **30-Year:** 28.657300

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 2.17%                | 1.86%                | -4.01%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $193753.58               | $1090723.91                                |
| Month 2  | $175748.53               | $-70218.45                                 |
| Month 3  | $247067.59               | $-2452585.68                               |

**Designated Index Information**

- **Index Name:** JP Morgan EMBI Global Composite Index

- **Index Identifier:** JPEGCOMP

### Schedule of Portfolio Investments

| Name                                                                         | Title                                                      | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |    Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| COSTA RICA GOVT                                                              | COSTA RICA GOVERNMENT BONDS 144A 01/36 6.001               | CUSIP: ACI3859N0<br>LEI: 549300S1EK2VN6XVJP58 | Long             | DBT              | NUSS              | CR        |     500000 | PA      | $595586.50    | 1.00%             | 2036-01-16      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS CZK 3.96250 11/27/25-5Y CME                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CZ        |          1 | NC      | $-3332.27     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS PLN 4.37000 03/05/26-10Y CME                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | PL        |          1 | NC      | $4912.26      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT BRL SOLD USD 20260602                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $2134.84      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SOUTH AFRICA GOVT                                                            | REPUBLIC OF SOUTH AFRICA BONDS 03/32 8.25                  | CUSIP: ACI08MN29<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    3300000 | PA      | $190438.06    | 0.32%             | 2032-03-31      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT BRL SOLD USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $1715.07      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD TWD BOUGHT USD 20260617                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |          1 | NC      | $122.18       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD EUR BOUGHT USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-6493.29     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT PLN SOLD USD 20260415                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $-80.04       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| NIGERIA GOVT                                                                 | YI4360529 NIGERIA OMO BILL                                 | CUSIP: 990ACHUB3<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | US        |  662500000 | PA      | $415130.63    | 0.70%             | 2027-01-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TANZANIA GOVT                                                                | TANZANIA USD TERM LOAN                                     | CUSIP: 949BJZII5<br>LEI: 254900CT4YQ6JKSEXB51 | Long             | LON              | NUSS              | US        |     277778 | PA      | $278158.09    | 0.47%             | 2028-04-26      | Floating      | 9.62%                 | No            |                  3 | On Loan: No      |
| N/A                                                                          | SOLD THB BOUGHT USD 20260518                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TH        |          1 | NC      | $73.17        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| VENEZUELAN GOVT                                                              | REPUBLIC OF VENEZUELA SR UNSECURED REGS 03/38 7            | CUSIP: P97475AJ9<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |       5000 | PA      | $2062.50      | 0.00%             | 2038-03-31      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| TURKEY GOVT                                                                  | REPUBLIC OF TURKEY EUR TERM LOAN A                         | CUSIP: BA0004GP6<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | LON              | NUSS              | TR        |     300000 | PA      | $362052.50    | 0.61%             | 2031-04-27      | Floating      | 8.31%                 | No            |                  3 | On Loan: No      |
| N/A                                                                          | PEMEX SNR LA SP CBK                                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |          1 | NC      | $-703.21      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                           | TREASURY BILL 05/26 0.00000                                | CUSIP: 912797TT4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      41000 | PA      | $40772.20     | 0.07%             | 2026-05-26      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| EGYPTIAN GOVT                                                                | EGYPT GOVERNMENT BOND BONDS 03/28 21.954                   | CUSIP: ACI2VM0V0<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |   46200000 | PA      | $827584.08    | 1.39%             | 2028-03-04      | Fixed         | 21.95%                | No            |                  2 | On Loan: No      |
| PERU GOVT                                                                    | BONOS DE TESORERIA SR UNSECURED 08/32 6.15                 | CUSIP: ACI0WBN59<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    1100000 | PA      | $330572.14    | 0.56%             | 2032-08-12      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| SAUDI ARABIAN OIL COMPANY (SAUDI ARAMCO)                                     | SAUDI ARABIAN OIL CO SR UNSECURED 144A 06/55 6.375         | CUSIP: 80414L3F0<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | CORP              | SA        |     500000 | PA      | $498244.02    | 0.84%             | 2055-06-02      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT UYU SOLD USD 20260514                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-5434.30     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD COP BOUGHT USD 20260430                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $-2041.97     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD UZS BOUGHT USD 20261211                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-139.09      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD INR BOUGHT USD 20260916                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $19747.03     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| IIFL FINANCE LIMITED                                                         | IIFL FINANCE LTD SR SECURED 144A 07/28 8.75                | CUSIP: 44964HAA2<br>LEI: 335800CZ46UJRS34JR78 | Long             | DBT              | CORP              | IN        |     200000 | PA      | $202642.27    | 0.34%             | 2028-07-24      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| KENYA GOVT                                                                   | REPUBLIC OF KENYA SR UNSECURED 144A 03/36 9.5              | CUSIP: 491798AN4<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |     200000 | PA      | $196228.30    | 0.33%             | 2036-03-05      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD HUF BOUGHT USD 20260415                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | HU        |          1 | NC      | $-36.10       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD ILS BOUGHT USD 20260413                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $61.28        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ROMANIA GOVT                                                                 | ROMANIA SR UNSECURED REGS 04/33 2                          | CUSIP: ACI1X0BJ3<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     700000 | PA      | $635649.43    | 1.07%             | 2033-04-14      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | US ULTRA BOND CBT JUN26 XCBT 20260618                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          2 | NC      | $-7877.92     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD DOP BOUGHT USD 20260821                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-8717.14     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD IDR BOUGHT USD 20260610                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |          1 | NC      | $51.62        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD CZK BOUGHT USD 20260415                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CZ        |          1 | NC      | $306.65       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD COP BOUGHT USD 20260505                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $667.32       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS CLP 4.71000 01/14/26-5Y* CME                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CL        |          1 | NC      | $8210.09      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD COP BOUGHT USD 20260713                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $-8617.61     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| JORDAN GOVT                                                                  | KINGDOM OF JORDAN SR UNSECURED REGS 10/47 7.375            | CUSIP: M5269UAJ3<br>LEI: 5493000JZ4MYPVMBVN50 | Long             | DBT              | NUSS              | JO        |     300000 | PA      | $282291.69    | 0.48%             | 2047-10-10      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| NIGERIA GOVT                                                                 | YI4360503 NIGERIA OMO BILL                                 | CUSIP: 990ACHTR0<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |  660100000 | PA      | $414883.02    | 0.70%             | 2027-01-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | OIS THB THORON/1.50000 09/16/26-5Y LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | TH        |          1 | NC      | $20392.97     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS EUR 3.00000 09/16/26-30Y LCH                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |          1 | NC      | $25700.77     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD INR BOUGHT USD 20260407                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $32918.15     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | OIS MXN TIIE1/8.17000 04/01/26-5Y* CME                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | MX        |          1 | NC      | $1215.50      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | ARGENTINA LA SP GST                                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |          1 | NC      | $1706.55      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD EUR BOUGHT USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $4757.12      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | US 5YR NOTE (CBT) JUN26 XCBT 20260630                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         -7 | NC      | $11011.06     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD SGD BOUGHT USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | SG        |          1 | NC      | $1379.27      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| VENEZUELAN GOVT                                                              | REPUBLIC OF VENEZUELA SR UNSECURED REGS 08/31 11.95        | CUSIP: P17625AD9<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |      30000 | PA      | $15450.00     | 0.03%             | 2031-08-05      | Fixed         | 11.95%                | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                           | TREASURY BILL 06/26 0.00000                                | CUSIP: 912797UC9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     461000 | PA      | $456860.80    | 0.77%             | 2026-06-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | OIS MXN TIIE1/8.20000 06/17/26-5Y* CME                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | MX        |          1 | NC      | $210.85       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD AUD BOUGHT USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | AU        |          1 | NC      | $733.82       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT KWD SOLD USD 20260504                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-790.04      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT EUR SOLD USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $212.78       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS PLN 4.34000 12/12/25-10Y CME                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | PL        |          1 | NC      | $7055.94      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| COLOMBIAN GOVT                                                               | TITULOS DE TESORERIA BONDS 08/29 11                        | CUSIP: ACI2WZRP4<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        | 8902500000 | PA      | $2244593.69   | 3.78%             | 2029-08-22      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD UZS BOUGHT USD 20261210                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-447.59      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD BRL BOUGHT USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $-10211.83    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS ZAR 6.92000 03/06/26-5Y CME                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | ZA        |          1 | NC      | $12936.18     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS CZK 4.04000 02/06/26-5Y CME                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CZ        |          1 | NC      | $19818.12     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS ZAR 7.31000 09/02/25-5Y CME                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | ZA        |          1 | NC      | $-2974.09     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS CZK 3.92000 02/09/26-5Y CME                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CZ        |          1 | NC      | $3662.05      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD ILS BOUGHT USD 20260505                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $-20.13       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT AZN SOLD USD 20261029                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $3739.90      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD ILS BOUGHT USD 20260617                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $36.10        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD BRL BOUGHT USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $-26453.55    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | OIS COP IBR/12.17000 03/18/26-3Y CME                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CO        |          1 | NC      | $-4705.08     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CZECHOSLOVAK GROUP AS                                                        | CZECHOSLOVAK GROUP SR SECURED 144A 01/31 5.25              | CUSIP: ACI2Y9W17<br>LEI: 315700SWFD7G70AVG768 | Long             | DBT              | CORP              | CZ        |     100000 | PA      | $118602.82    | 0.20%             | 2031-01-10      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD MXN BOUGHT USD 20260617                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $11856.49     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD INR BOUGHT USD 20260407                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $1670.49      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD KWD BOUGHT USD 20310113                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $5567.60      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SRI LANKA GOVT                                                               | REPUBLIC OF SRI LANKA SR UNSECURED 144A 02/38 VAR          | CUSIP: ACI2SS6L7<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |      76208 | PA      | $67519.42     | 0.11%             | 2038-02-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD CLP BOUGHT USD 20260617                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CL        |          1 | NC      | $22802.72     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS PLN 4.35500 11/04/25-10Y CME                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | PL        |          1 | NC      | $-6939.47     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD PEN BOUGHT USD 20260617                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PE        |          1 | NC      | $29910.81     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| IFC EMERGING MARKETS SECURITIZATION 2025-1 LTD                               | IFC EMERGING MARKETS SECURITIZ IFCEMS 2025 1A A 144A       | CUSIP: 45174DAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     219654 | PA      | $219920.04    | 0.37%             | 2035-12-31      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT UYU SOLD USD 20260415                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-7603.23     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | EURO-BOBL FUTURE  JUN26 XEUR 20260608                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | DE        |         -1 | NC      | $2102.54      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                          | BOUGHT PEN SOLD USD 20260413                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PE        |          1 | NC      | $-12672.56    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT INR SOLD USD 20260407                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $-29385.54    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| GHANA GOVT                                                                   | GHANA GOVERNMENT BOND UNSECURED 02/30 8.8                  | CUSIP: ACI2DBP47<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |    2000000 | PA      | $161582.50    | 0.27%             | 2030-02-12      | Fixed         | 8.80%                 | No            |                  2 | On Loan: No      |
| CREDICORP CAPITAL SOCIEDAD TITULIZADORA SA                                   | CREDICORP CAPITAL SOCIED LOCAL GOVT G 144A 03/45 9.7       | CUSIP: 224939AB4<br>LEI: N/A                  | Long             | DBT              | CORP              | PE        |    1000000 | PA      | $305755.91    | 0.52%             | 2045-03-05      | Fixed         | 9.70%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                           | TREASURY BILL 05/26 0.00000                                | CUSIP: 912797TS6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     107000 | PA      | $106482.83    | 0.18%             | 2026-05-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS PLN 4.19500 09/29/25-5Y CME                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | PL        |          1 | NC      | $-773.09      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD IDR BOUGHT USD 20260610                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |          1 | NC      | $6353.36      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| PERU GOVT                                                                    | BONOS DE TESORERIA SR UNSECURED 144A REGS 08/33 7          | CUSIP: ACI2GGZ75<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    1800000 | PA      | $566768.01    | 0.96%             | 2033-08-12      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT UYU SOLD USD 20260413                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-9510.46     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT THB SOLD USD 20260427                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TH        |          1 | NC      | $-3121.94     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS PLN 4.46250 03/09/26-10Y CME                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | PL        |          1 | NC      | $2362.69      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD PEN BOUGHT USD 20260526                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PE        |          1 | NC      | $10390.09     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO MORGAN STANLEY                                | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | LU        |    -405565 | PA      | $-471663.98   | -0.79%            |  |  |  | No            |                  2 | On Loan: No      |
| JOINT STOCK COMPANY DEVELOPMENT BANK OF KAZAKHSTAN                           | DEVELOPMENT BANK OF KAZA SR UNSECURED REGS 05/26 10.95     | CUSIP: ACI1XHM39<br>LEI: 213800LCDPGJ1BI7KX98 | Long             | DBT              | CORP              | KZ        |  128000000 | PA      | $265916.36    | 0.45%             | 2026-05-06      | Fixed         | 10.95%                | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD UGX BOUGHT USD 20260428                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $2705.94      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SERBIA GOVT                                                                  | REPUBLIC OF SERBIA SR UNSECURED REGS 09/36 2.05            | CUSIP: ACI20JKL1<br>LEI: 254900W94OCY91V32O78 | Long             | DBT              | NUSS              | RS        |     200000 | PA      | $175250.01    | 0.30%             | 2036-09-23      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT THB SOLD USD 20260427                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TH        |          1 | NC      | $-6080.74     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | RFR USD SOFR/3.25000 06/18/25-4Y LCH                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-1652.85     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT PEN SOLD USD 20261221                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PE        |          1 | NC      | $-6468.44     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD ILS BOUGHT USD 20260617                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $35.56        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD ILS BOUGHT USD 20260617                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $6.99         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT MXN SOLD USD 20260617                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $-5304.75     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| COLOMBIAN GOVT                                                               | REPUBLIC OF COLOMBIA SR UNSECURED 01/31 6.125              | CUSIP: 195325EU5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     200000 | PA      | $197000.00    | 0.33%             | 2031-01-21      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | RFR USD SOFR/3.75000 06/17/26-10Y CME                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $21682.98     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD COP BOUGHT USD 20260617                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $-8926.24     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD UGX BOUGHT USD 20261028                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $5320.37      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MEXICO GOVT                                                                  | UNITED MEXICAN STATES SR UNSECURED 03/38 5.125             | CUSIP: ACI30CT50<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     100000 | PA      | $111758.00    | 0.19%             | 2038-03-19      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ROMANIA GOVT                                                                 | ROMANIA SR UNSECURED 144A 10/45 6.5                        | CUSIP: ACI30VFT1<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     200000 | PA      | $221086.41    | 0.37%             | 2045-10-07      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT EGP SOLD USD 20260512                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | EG        |          1 | NC      | $-5385.20     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT PEN SOLD USD 20260622                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PE        |          1 | NC      | $-2453.94     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT INR SOLD USD 20260506                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $209.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO MORGAN STANLEY                                | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | LU        |    -199134 | PA      | $-230897.70   | -0.39%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD THB BOUGHT USD 20260519                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TH        |          1 | NC      | $-1803.31     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT KWD SOLD USD 20260518                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-294.77      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD DOP BOUGHT USD 20260917                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $20722.44     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD DOP BOUGHT USD 20260521                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-7901.01     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO MORGAN STANLEY                                | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -251343 | PA      | $-254073.58   | -0.43%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | OIS ILS SHIRON/3.95500 03/17/26-10Y LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | IL        |          1 | NC      | $914.01       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT MXN SOLD USD 20260617                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $-46074.80    | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| ANGOLA GOVT                                                                  | REPUBLIC OF ANGOLA SR UNSECURED 144A 03/37 9.875           | CUSIP: 035198AL4<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |     200000 | PA      | $198148.72    | 0.33%             | 2037-03-31      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| VENEZUELAN GOVT                                                              | REPUBLIC OF VENEZUELA SR UNSECURED 09/27 9.25              | CUSIP: 922646AS3<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |     745000 | PA      | $357600.00    | 0.60%             | 2027-09-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS EUR 2.75000 09/16/26-10Y LCH                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |          1 | NC      | $88041.93     | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT BRL SOLD USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $0.50         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | CDX EM44 ICE                                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |          1 | NC      | $13598.47     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD TRY BOUGHT USD 20260506                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $-725.57      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | 317UBVOA4 PIMCO SWAPTION 4.135 CALL PLN 202605             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |    -400000 | NC      | $-17.56       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PANAMA GOVT                                                                  | REPUBLIC OF PANAMA SR UNSECURED 02/38 5.662                | CUSIP: 698299CC6<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |     300000 | PA      | $288555.00    | 0.49%             | 2038-02-23      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS (PEMEX)                                                  | PETROLEOS MEXICANOS COMPANY GUAR 01/60 6.95                | CUSIP: 71654QDF6<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    1200000 | PA      | $946512.00    | 1.60%             | 2060-01-28      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | RFR USD SOFR/3.75000 12/17/25-30Y CME                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $278512.40    | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD TRY BOUGHT USD 20260416                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $-3280.76     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD AUD BOUGHT USD 20260504                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | AU        |          1 | NC      | $-2828.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO MORGAN STANLEY                                | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | LU        |    -196652 | PA      | $-228132.25   | -0.38%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD COP BOUGHT USD 20260803                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $66.20        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS ZAR 7.08000 12/31/25-5Y CME                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | ZA        |          1 | NC      | $26335.29     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD COP BOUGHT USD 20260803                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $-17.35       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | 317UBKKA2 PIMCO SWAPTION 7.6 PUT MXN 20260408              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |   -4500000 | NC      | $-5522.47     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD COP BOUGHT USD 20260617                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $-77.82       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT EUR SOLD USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-3261.01     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT TRY SOLD USD 20260401                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $2465.74      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD DOP BOUGHT USD 20260508                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $3999.70      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT KRW SOLD USD 20260415                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KR        |          1 | NC      | $-12303.82    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD TRY BOUGHT USD 20260413                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $-2826.41     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT COP SOLD USD 20260916                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $3154.73      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD COP BOUGHT USD 20260617                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $-99.61       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| IVORY COAST GOVT (AKA: COTE D'IVOIRE)                                        | IVORY COAST SR UNSECURED REGS 04/36 8.075                  | CUSIP: ACI2VZXJ2<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |     200000 | PA      | $203903.70    | 0.34%             | 2036-04-01      | Fixed         | 8.07%                 | No            |                  2 | On Loan: No      |
| ESKOM HOLDINGS                                                               | ESKOM HOLDINGS GOVT GUARANT REGS 08/28 6.35                | CUSIP: ACI14B7L1<br>LEI: 3789001900ED06F65111 | Long             | DBT              | CORP              | ZA        |     200000 | PA      | $201443.02    | 0.34%             | 2028-08-10      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| MEXICO GOVT                                                                  | MEX BONOS DESARR FIX RT BONDS 04/32 8                      | CUSIP: ACI354M92<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   13100000 | PA      | $697640.96    | 1.18%             | 2032-04-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT EGP SOLD USD 20260520                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | EG        |          1 | NC      | $-563.08      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS CZK 4.01750 11/25/25-5Y CME                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CZ        |          1 | NC      | $-4344.07     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD COP BOUGHT USD 20260409                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $-226.56      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | 317UBG5A8 PIMCO SWAPTION 6.64 CALL ZAR 2026040             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |   -4100000 | NC      | $-0.02        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT EGP SOLD USD 20260408                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | EG        |          1 | NC      | $-609.47      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | OIS MXN TIIE1/8.00000 06/17/26-5Y* CME                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | MX        |          1 | NC      | $-3295.89     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT CLP SOLD USD 20260409                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CL        |          1 | NC      | $-2587.58     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GHANA GOVT                                                                   | GHANA GOVERNMENT BOND UNSECURED 02/29 8.65                 | CUSIP: ACI2DBNY3<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |     479345 | PA      | $40611.49     | 0.07%             | 2029-02-13      | Fixed         | 8.65%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD MXN BOUGHT USD 20260617                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $15181.79     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| PETROLEOS DE VENEZUELA SA (PDVSA)                                            | PETROLEOS DE VENEZUELA S COMPANY GUAR REGS 04/27 5.375     | CUSIP: P7807HAC9<br>LEI: 549300YWR8TN1OFD4P06 | Long             | DBT              | CORP              | VE        |      40000 | PA      | $13392.00     | 0.02%             | 2027-04-12      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD KZT BOUGHT USD 20260604                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KZ        |          1 | NC      | $-17876.74    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| AFRICA FINANCE CORP (AFC)                                                    | AFRICA FINANCE CORP SR UNSECURED REGS 04/28 2.875          | CUSIP: ACI1X9VZ6<br>LEI: 213800LXFHRRXIJRXW97 | Long             | DBT              | CORP              | N/A       |     200000 | PA      | $190707.88    | 0.32%             | 2028-04-28      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| IRB INFRASTRUCTURE DEVELOPERS LIMITED                                        | IRB INFRASTRUCTURE DEVE SR SECURED 144A 03/32 7.11         | CUSIP: ACI2N3K07<br>LEI: 335800XGO3AITGW6AK27 | Long             | DBT              | CORP              | IN        |     200000 | PA      | $200905.85    | 0.34%             | 2032-03-11      | Fixed         | 7.11%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                           | US TREASURY N/B 08/41 1.75                                 | CUSIP: 912810TA6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     100000 | PA      | $66888.67     | 0.11%             | 2041-08-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| ROMANIA GOVT                                                                 | ROMANIA SR UNSECURED 144A 05/37 5.625                      | CUSIP: ACI2P7GW1<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     100000 | PA      | $108893.81    | 0.18%             | 2037-05-30      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PETROLEOS DEL PERU SA - PETROPERU SA                                         | PETROLEOS DEL PERU SA SR UNSECURED 144A 06/47 5.625        | CUSIP: 716564AB5<br>LEI: 549300ZMGDLC9JT2OR80 | Long             | DBT              | CORP              | PE        |     200000 | PA      | $140520.00    | 0.24%             | 2047-06-19      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT DOP SOLD USD 20260821                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $6996.08      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| TURKISH AIRLINES 2015-1 CLASS A PASS THROUGH TRUST                           | TURKISH AIRLN 15 1 A PTT PASS THRU CE 144A 09/28 4.2       | CUSIP: 10010YAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | TR        |       3571 | PA      | $3527.46      | 0.01%             | 2028-09-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS PLN 4.27500 03/02/26-10Y CME                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | PL        |          1 | NC      | $52023.74     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT COP SOLD USD 20260406                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $4176.12      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| COLOMBIAN GOVT                                                               | REPUBLIC OF COLOMBIA SR UNSECURED 02/44 5.625              | CUSIP: 195325BR5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     300000 | PA      | $237708.00    | 0.40%             | 2044-02-26      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| EAGLE FUNDING LUXCO SA RL                                                    | EAGLE FUNDING LUXCO SARL SR UNSECURED 144A 08/30 5.5       | CUSIP: 26951TAA8<br>LEI: 894500VDP08MVIZ6OA60 | Long             | DBT              | NUSS              | LU        |     800000 | PA      | $805200.00    | 1.36%             | 2030-08-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVT                                                                 | UKRAINE GOVERNMENT SR UNSECURED REGS 02/34 VAR             | CUSIP: ACI2QXYG8<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     300000 | PA      | $129300.00    | 0.22%             | 2034-02-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD DOP BOUGHT USD 20260508                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-3525.07     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD COP BOUGHT USD 20260617                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $-1680.73     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | 317UBG6A7 PIMCO SWAPTION 6.64 PUT ZAR 20260402             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |   -4100000 | NC      | $-10552.92    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| MEXICO GOVT                                                                  | UNITED MEXICAN STATES SR UNSECURED 02/56 6.75              | CUSIP: 91087BBS8<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     200000 | PA      | $194820.00    | 0.33%             | 2056-02-09      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| KENYA GOVT                                                                   | REPUBLIC OF KENYA SR UNSECURED 144A 10/38 8.8              | CUSIP: 491798AQ7<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |     200000 | PA      | $184202.76    | 0.31%             | 2038-10-09      | Fixed         | 8.80%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD UGX BOUGHT USD 20261016                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $3575.32      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC GOVT                                                      | DOMINICAN REPUBLIC SR UNSECURED 144A 09/35 11.25           | CUSIP: 25714PEW4<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |   17100000 | PA      | $305459.55    | 0.51%             | 2035-09-15      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD UZS BOUGHT USD 20261207                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-217.84      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT DOP SOLD USD 20260406                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-363.47      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | OIS ILS SHIRON/3.69900 03/10/26-10Y LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | IL        |          1 | NC      | $2334.70      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT GBP SOLD USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |          1 | NC      | $-14044.09    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD UYU BOUGHT USD 20260415                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $222.33       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ARGENTINA GOVT                                                               | REPUBLIC OF ARGENTINA SR UNSECURED 01/38 VAR               | CUSIP: 040114HU7<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |     400000 | PA      | $302400.00    | 0.51%             | 2038-01-09      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | ZCS BRL 13.6976 03/24/26-01/02/31 CME                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | BR        |          1 | NC      | $380.73       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ARGENTINA GOVT                                                               | REPUBLIC OF ARGENTINA SR UNSECURED 07/41 VAR               | CUSIP: 040114HV5<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |     600000 | PA      | $402600.00    | 0.68%             | 2041-07-09      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD CNH BOUGHT USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $-146.90      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CIMA FINANCE DESIGNATED ACTIVITY COMPANY                                     | CIMA FINANCE LTD SECURED REGS 09/29 2.95                   | CUSIP: ACI1SB354<br>LEI: 213800AALTMFR1SJLJ51 | Long             | DBT              | CORP              | IE        |     253278 | PA      | $236990.13    | 0.40%             | 2029-09-05      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT UGX SOLD USD 20261028                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-1585.96     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT EGP SOLD USD 20260810                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | EG        |          1 | NC      | $-224.20      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | ZCS BRL 13.5643 03/09/26-01/02/31 CME                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | BR        |          1 | NC      | $-1892.30     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT BRL SOLD USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $1745.39      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GUATEMALA GOVT                                                               | REPUBLIC OF GUATEMALA SR UNSECURED 144A 08/55 6.875        | CUSIP: 401494BB4<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |     200000 | PA      | $208550.00    | 0.35%             | 2055-08-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | 317UBPHA5 PIMCO SWAPTION 3.69 PUT ILS 20260504             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |    -400000 | NC      | $-3274.79     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| COLOMBIAN GOVT                                                               | REPUBLIC OF COLOMBIA SR UNSECURED 11/30 4.5                | CUSIP: ACI35CDZ6<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     100000 | PA      | $111968.37    | 0.19%             | 2030-11-26      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD DOP BOUGHT USD 20260618                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-442.66      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD EUR BOUGHT USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-2168.12     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD COP BOUGHT USD 20260617                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $-7814.11     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| VALE SA                                                                      | VALE SA SUBORDINATED 12/49 VAR                             | CUSIP: B011X9II2<br>LEI: 254900SMTWBX7RU2SR20 | Long             | DBT              | CORP              | BR        |   14500000 | PA      | $1226797.11   | 2.07%             | 2049-12-29      | Variable      | 1.96%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC GOVT                                                      | DOMINICAN REPUBLIC SR UNSECURED 144A 10/35 5.875           | CUSIP: 25714PFF0<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |     200000 | PA      | $190410.00    | 0.32%             | 2035-10-28      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| PIMCO FUNDS                                                                  | PIMCO PRV SHORT TERM FLT III MUTUAL FUND                   | CUSIP: 000000000<br>LEI: LWVQWTQCFH3YG7CVH718 | Long             | STIV             | RF                | US        |     610432 | PA      | $5944998.27   | 10.02%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                          | SOLD CZK BOUGHT USD 20260415                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CZ        |          1 | NC      | $-145.83      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS PLN 4.68500 03/10/26-10Y CME                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | PL        |          1 | NC      | $317.59       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS ZAR 6.86000 10/15/25-5Y CME                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | ZA        |          1 | NC      | $-3275.65     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| NIGERIA GOVT                                                                 | NIGERIA OMO BILL OMO110626                                 | CUSIP: 955PDHII1<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        | 1226023000 | PA      | $852187.48    | 1.44%             | 2026-06-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT BRL SOLD USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $3721.04      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD UZS BOUGHT USD 20270618                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-77.35       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO MORGAN STANLEY                                | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | LU        |    -720638 | PA      | $-836378.38   | -1.41%            |  |  |  | No            |                  2 | On Loan: No      |
| ARDSHINBANK CJSC VIA DILIJAN FINANCE BV                                      | ARDSHININVESTBK (DILIJAN SR UNSECURED 144A 01/31 6.6       | CUSIP: 254032AD7<br>LEI: 549300DCGXFXAP2FEV07 | Long             | DBT              | CORP              | NL        |     300000 | PA      | $295946.83    | 0.50%             | 2031-01-22      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD KWD BOUGHT USD 20300509                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $8188.81      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD INR BOUGHT USD 20260424                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $-2771.87     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD ILS BOUGHT USD 20260413                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $41.80        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD INR BOUGHT USD 20260407                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $3940.00      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT CNH SOLD USD 20260507                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $148.50       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO TORONTO DOMINIO                               | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -588984 | PA      | $-596128.27   | -1.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BOI FINANCE BV                                                               | BOI FINANCE BV GOVT GUARANT REGS 02/27 7.5                 | CUSIP: ACI23L9D4<br>LEI: 724500ZH3H2YACBUNF38 | Long             | DBT              | MUN               | NL        |     750000 | PA      | $884398.75    | 1.49%             | 2027-02-16      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD INR BOUGHT USD 20260407                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $1083.43      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS CLP 4.67600 01/09/26-5Y* CME                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CL        |          1 | NC      | $609.23       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT IDR SOLD USD 20260610                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |          1 | NC      | $-1760.41     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | RFR USD SOFR/3.50000 03/18/26-5Y CME                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-5073.29     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD EGP BOUGHT USD 20260922                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | EG        |          1 | NC      | $4880.60      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT TRY SOLD USD 20260406                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $1294.20      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD GBP BOUGHT USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |          1 | NC      | $1297.30      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| STRATTON BTL MORTGAGE FUNDING 2022-1 PLC 22-1                                | STRATTON BTL MORTGAGE FUNDING STRAB 2022 1 A REGS          | CUSIP: ACI232PZ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |      25957 | PA      | $34366.64     | 0.06%             | 2054-01-20      | Floating      | 4.47%                 | No            |                  2 | On Loan: No      |
| ZAMBIA GOVT                                                                  | GOVERNMENT OF THE REPUBLIC OF 06/53 5.75                   | CUSIP: ACI2PHH16<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |     150000 | PA      | $99100.84     | 0.17%             | 2053-06-30      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | ZCS BRL 13.245 12/10/25-01/02/29 CME                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | BR        |          1 | NC      | $15903.75     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD PEN BOUGHT USD 20260427                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PE        |          1 | NC      | $527.69       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD BRL BOUGHT USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $-22598.39    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | ZCS BRL 13.03 08/12/25-01/02/29 CME                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | BR        |          1 | NC      | $-91002.60    | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOUTH AFRICA EM SP MEI                                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |          1 | NC      | $-2653.37     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UKRAINE GOVT                                                                 | UKRAINE GOVERNMENT SR UNSECURED REGS 02/36 VAR             | CUSIP: ACI2QXYB9<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     250000 | PA      | $115750.00    | 0.20%             | 2036-02-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO SOCIETE GENERALE REVERSE REPO                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -437698 | PA      | $-441825.02   | -0.74%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD PEN BOUGHT USD 20260630                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PE        |          1 | NC      | $1213.30      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD COP BOUGHT USD 20260617                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $-879.41      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UKRAINE GOVT                                                                 | UKRAINE GOVERNMENT SR UNSECURED REGS 02/35 VAR             | CUSIP: ACI2QXWW5<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     250000 | PA      | $116000.00    | 0.20%             | 2035-02-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD KWD BOUGHT USD 20310114                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $5778.29      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS CLP 4.49000 01/09/26-3Y* CME                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CL        |          1 | NC      | $2153.41      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT INR SOLD USD 20260424                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $-15059.26    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD UGX BOUGHT USD 20261028                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $1303.37      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD ZAR BOUGHT USD 20261118                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |          1 | NC      | $-9042.29     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT PEN SOLD USD 20260520                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PE        |          1 | NC      | $-1485.53     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BANK GOSPODARSTWA KRAJOWEGO                                                  | BANK GOSPODARSTWA KRAJOW GOVT GUARANT 144A 07/54 6.25      | CUSIP: 06237MAD5<br>LEI: 259400BCOV9JJIGLYF05 | Long             | DBT              | MUN               | PL        |     200000 | PA      | $198196.11    | 0.33%             | 2054-07-09      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| IVORY COAST GOVT (AKA: COTE D'IVOIRE)                                        | IVORY COAST SR UNSECURED 144A 01/33 7.625                  | CUSIP: 221625AT3<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |     200000 | PA      | $203767.98    | 0.34%             | 2033-01-30      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| PETROLEOS DE VENEZUELA SA (PDVSA)                                            | PETROLEOS DE VENEZUELA S COMPANY GUAR REGS 11/26 6         | CUSIP: P7807HAR6<br>LEI: 549300YWR8TN1OFD4P06 | Long             | DBT              | CORP              | VE        |      45000 | PA      | $15484.50     | 0.03%             | 2026-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PAKISTAN GOVT                                                                | ISLAMIC REP OF PAKISTAN SR UNSECURED REGS 04/31 7.375      | CUSIP: ACI1WVNF1<br>LEI: 529900LOP29R5WKHOD86 | Long             | DBT              | NUSS              | PK        |     200000 | PA      | $185371.27    | 0.31%             | 2031-04-08      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REV REPO STANDARD CHARTERED BA ZCP                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | LU        |    -439968 | PA      | $-517341.44   | -0.87%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS ZAR 7.31000 10/02/25-5Y CME                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | ZA        |          1 | NC      | $-750.70      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD TRY BOUGHT USD 20260504                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $-3285.14     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD KWD BOUGHT USD 20300514                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $8183.16      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MONGOLIA GOVT                                                                | MONGOLIA INTL BOND SR UNSECURED 144A 03/32 5.95            | CUSIP: 60937LAL9<br>LEI: N/A                  | Long             | DBT              | NUSS              | MN        |     200000 | PA      | $197053.00    | 0.33%             | 2032-03-09      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD INR BOUGHT USD 20260407                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $9885.36      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| COLOMBIAN GOVT                                                               | TITULOS DE TESORERIA BONDS 01/35 11.75                     | CUSIP: ACI2Z7LJ3<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        | 6505000000 | PA      | $1612823.53   | 2.72%             | 2035-01-24      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT UGX SOLD USD 20260430                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $318.03       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD PKR BOUGHT USD 20260611                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-355.35      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS CLP 5.19000 06/17/26-5Y CME                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CL        |          1 | NC      | $362.10       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | RFR USD SOFR/3.75000 09/17/25-20Y CME                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-23190.54    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO SOCIETE GENERALE REVERSE REPO                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -838950 | PA      | $-840995.64   | -1.42%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO STANDARD CHARTERE VAR 1                       | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -3012514 | PA      | $-3029668.39  | -5.11%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD COP BOUGHT USD 20260721                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $-5294.99     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| JOINT STOCK COMPANY DEVELOPMENT BANK OF KAZAKHSTAN                           | DEVELOPMENT BANK OF KAZA SR UNSECURED 144A 10/28 18.4      | CUSIP: 48129VAF3<br>LEI: 213800LCDPGJ1BI7KX98 | Long             | DBT              | CORP              | KZ        |  281000000 | PA      | $604160.02    | 1.02%             | 2028-10-16      | Fixed         | 18.40%                | No            |                  2 | On Loan: No      |
| N/A                                                                          | ZCS BRL 12.7162 11/13/25-01/02/29 CME                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | BR        |          1 | NC      | $37359.53     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT EGP SOLD USD 20260416                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | EG        |          1 | NC      | $-872.55      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT EGP SOLD USD 20260512                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | EG        |          1 | NC      | $-129.64      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT ILS SOLD USD 20260406                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $20.09        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| KENYA GOVT                                                                   | REPUBLIC OF KENYA 2024 TERM LOAN A                         | CUSIP: BA000C8P7<br>LEI: 549300VVURQQYU45PR87 | Long             | LON              | NUSS              | KE        |     333333 | PA      | $330360.11    | 0.56%             | 2028-04-05      | Floating      | 9.19%                 | No            |                  3 | On Loan: No      |
| N/A                                                                          | SOLD CNH BOUGHT USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $-176.56      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD PLN BOUGHT USD 20260415                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $150.03       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | PEMEX LCDS SP DUB                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |          1 | NC      | $644.39       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                                                          | SOLD COP BOUGHT USD 20260721                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $-267.87      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT COP SOLD USD 20260406                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $8152.17      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD DOP BOUGHT USD 20260508                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-82275.34    | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT COP SOLD USD 20260505                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $-453.58      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MEXICO GOVT                                                                  | UNITED MEXICAN STATES SR UNSECURED 02/38 6.125             | CUSIP: 91087BBR0<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     200000 | PA      | $195150.00    | 0.33%             | 2038-02-09      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS CLP 5.25000 06/17/26-5Y CME                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CL        |          1 | NC      | $221.65       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO MERRILL LYNCH                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -488138 | PA      | $-493440.16   | -0.83%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT TRY SOLD USD 20260403                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $1228.19      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT EGP SOLD USD 20260420                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | EG        |          1 | NC      | $-4560.99     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD KWD BOUGHT USD 20300513                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $8183.16      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT AUD SOLD USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | AU        |          1 | NC      | $-17560.51    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| EGYPTIAN GOVT                                                                | EGYPT GOVERNMENT BOND BONDS 10/30 19.698                   | CUSIP: ACI350557<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |   26000000 | PA      | $468348.07    | 0.79%             | 2030-10-14      | Fixed         | 19.70%                | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT COP SOLD USD 20260408                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $4870.39      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD PEN BOUGHT USD 20260716                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PE        |          1 | NC      | $12816.86     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | 317UBKJA4 PIMCO SWAPTION 7.6 CALL MXN 20260408             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |   -4500000 | NC      | $-0.28        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | 31750SFY6 PIMCO FXVAN PUT USD CNH 6.90000000               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | US        |    2396000 | NC      | $15008.54     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| PANAMA INFRASTRUCTURE RECEIVABLE PURCHASER PLC                               | PANAMA INFRASTRUCTURE SR SECURED 144A 04/32 0.00000        | CUSIP: 69828QAD9<br>LEI: 213800QSH7EDGMUDJW25 | Long             | DBT              | CORP              | GB        |     800000 | PA      | $626432.00    | 1.06%             | 2032-04-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS PLN 4.34800 03/05/26-10Y CME                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | PL        |          1 | NC      | $4116.46      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| PANAMA GOVT                                                                  | REPUBLIC OF PANAMA EUR TERM LOAN                           | CUSIP: BA000GRH5<br>LEI: 549300SHS4T08CL0LP14 | Long             | LON              | CORP              | IE        |     500000 | PA      | $578543.20    | 0.97%             | 2027-03-05      | Floating      | 3.89%                 | No            |                  3 | On Loan: No      |
| BANCO DO BRASIL SA/LONDON BRANCH                                             | BANCO DO BRASIL SA/LONDO SR UNSECURED REGS 07/26 8.5       | CUSIP: ACI2J3525<br>LEI: QE0Q0253K88YAGNPE356 | Long             | DBT              | CORP              | BR        |    3000000 | PA      | $169194.28    | 0.29%             | 2026-07-29      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT EUR SOLD USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-64.83       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PARAGUAY GOVT                                                                | REPUBLIC OF PARAGUAY SR UNSECURED 144A 03/35 8.5           | CUSIP: 699149BX7<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        | 1950000000 | PA      | $298338.38    | 0.50%             | 2035-03-04      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| KUWAIT GOVT                                                                  | KUWAIT INTL BOND SR UNSECURED 144A 10/35 4.652             | CUSIP: 501499AF4<br>LEI: 549300FSC1YD0D9XX589 | Long             | DBT              | NUSS              | KW        |     500000 | PA      | $480881.81    | 0.81%             | 2035-10-09      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS HUF 6.11000 12/30/25-5Y CME                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | HU        |          1 | NC      | $7999.30      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT TRY SOLD USD 20260421                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $127.76       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD ZAR BOUGHT USD 20260420                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |          1 | NC      | $3944.29      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | RFR USD SOFR/3.50000 09/17/25-30Y CME                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-237186.93   | -0.40%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS HUF 6.31900 11/03/25-5Y CME                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | HU        |          1 | NC      | $6546.57      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD UYU BOUGHT USD 20260415                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $77.56        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | RFR USD SOFR/3.75000 12/17/25-5Y CME                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $108932.05    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | OIS MXN TIIE1/7.37500 11/27/25-5Y* CME                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | MX        |          1 | NC      | $13214.45     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| ROMANIA GOVT                                                                 | ROMANIA SR UNSECURED REGS 10/45 6.5                        | CUSIP: ACI30VFV6<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     750000 | PA      | $829074.03    | 1.40%             | 2045-10-07      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT EUR SOLD USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $817.38       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | ARGENTINA LA SP MYC                                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |          1 | NC      | $562.86       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD ILS BOUGHT USD 20260406                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $64.38        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT INR SOLD USD 20260407                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $-25233.42    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD COP BOUGHT USD 20260916                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $-4815.65     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| UZBEK INDUSTRIAL AND CONSTRUCTION BANK ATB                                   | UZBEK INDUSTRIAL AND CON SR UNSECURED 144A 07/27 21        | CUSIP: 917935AB4<br>LEI: 213800C2NIFPFTXYIU69 | Long             | DBT              | CORP              | UZ        | 2500000000 | PA      | $218848.25    | 0.37%             | 2027-07-24      | Fixed         | 21.00%                | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD COP BOUGHT USD 20260617                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $-530.50      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD DOP BOUGHT USD 20260521                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-24074.06    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| OI SA (AKA: BRASIL TELECOM S/A)                                              | OI S A 2024 FIXED TERM LOAN 2                              | CUSIP: BA0006870<br>LEI: 254900YEMWCRRAGD4978 | Long             | LON              | CORP              | BR        |     657338 | PA      | $6573.38      | 0.01%             | 2050-12-30      | Floating      | 0.00%                 | No            |                  3 | On Loan: No      |
| N/A                                                                          | REVERSE REPO HSBC                                          | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -462636 | PA      | $-467661.26   | -0.79%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | ZCS BRL 13.34 03/09/26-01/02/29 CME                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | BR        |          1 | NC      | $6079.53      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | RFR USD SOFR/3.75000 12/17/25-10Y CME                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-19030.31    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | OIS MXN TIIE1/7.70000 12/30/25-5Y* CME                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | MX        |          1 | NC      | $-4409.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| SOCAR TURKIYE ENERJI AS                                                      | SOCAR TURKEY ENERJI AS EUR TERM LOAN                       | CUSIP: 941WJKII0<br>LEI: 789000J4L7UFTRMDR776 | Long             | LON              | CORP              | TR        |     300000 | PA      | $347621.95    | 0.59%             | 2026-08-11      | Floating      | 5.56%                 | No            |                  3 | On Loan: No      |
| N/A                                                                          | ZCS BRL 13.435 03/12/26-01/02/29 CME                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | BR        |          1 | NC      | $1825.96      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD GBP BOUGHT USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |          1 | NC      | $4924.39      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ROMANIA GOVT                                                                 | ROMANIA SR UNSECURED REGS 02/51 4                          | CUSIP: ACI1NVRZ3<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     400000 | PA      | $258569.01    | 0.44%             | 2049-02-14      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT COP SOLD USD 20260409                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $1253.01      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD PEN BOUGHT USD 20260617                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PE        |          1 | NC      | $5238.98      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD DOP BOUGHT USD 20260508                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-5032.81     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | OIS COP IBR/12.33000 03/18/26-2Y CME                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CO        |          1 | NC      | $-5025.49     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT PEN SOLD USD 20260413                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PE        |          1 | NC      | $-14.53       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT SGD SOLD USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | SG        |          1 | NC      | $-3425.93     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| PETROLEOS DEL PERU SA - PETROPERU SA                                         | PETROLEOS DEL PERU SA SR UNSECURED REGS 06/47 5.625        | CUSIP: P7808BAB3<br>LEI: 549300ZMGDLC9JT2OR80 | Long             | DBT              | CORP              | PE        |     200000 | PA      | $140520.00    | 0.24%             | 2047-06-19      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT AUD SOLD USD 20260504                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | AU        |          1 | NC      | $-2767.46     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD KWD BOUGHT USD 20300516                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $8177.51      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT VND SOLD USD 20260415                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | VN        |          1 | NC      | $16409.94     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS CLP 5.30600 06/17/26-5Y CME                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CL        |          1 | NC      | $-6713.02     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| VB DPR FINANCE COMPANY                                                       | TURKIYE VAKIFLAR BANKASI TAO I 2024 EUR DDTL               | CUSIP: BA0008CR7<br>LEI: 549300Y3LKKHCL3AQW08 | Long             | LON              | CORP              | TR        |     300000 | PA      | $345236.16    | 0.58%             | 2028-12-15      | Floating      | 5.15%                 | No            |                  3 | On Loan: No      |
| N/A                                                                          | BOUGHT CNH SOLD USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $-3029.68     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| COLOMBIAN GOVT                                                               | TITULOS DE TESORERIA BONDS 11/40 12.75                     | CUSIP: ACI2WQVJ3<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        | 6894100000 | PA      | $1827279.46   | 3.08%             | 2040-11-28      | Fixed         | 12.75%                | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD COP BOUGHT USD 20260420                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $-953.40      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT PEN SOLD USD 20260413                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PE        |          1 | NC      | $-155.88      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS PLN 4.30250 11/26/25-10Y CME                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | PL        |          1 | NC      | $-4400.73     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD CNH BOUGHT USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $2208.36      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD UZS BOUGHT USD 20261022                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-1034.02     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD UZS BOUGHT USD 20260409                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-660.51      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CAMEROON GOVT                                                                | REPUBLIC OF CAMEROON SR UNSECURED REGS 07/32 5.95          | CUSIP: ACI1YYV64<br>LEI: 54930021BO6NHYGBBV24 | Long             | DBT              | NUSS              | CM        |     500000 | PA      | $498281.25    | 0.84%             | 2032-07-07      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT EGP SOLD USD 20260420                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | EG        |          1 | NC      | $-8285.99     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | 31750SJ14 PIMCO FXVAN PUT GBP USD 1.30000000               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | US        |     165466 | NC      | $53210.66     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT PLN SOLD USD 20260415                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $35.21        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NIGERIA GOVT                                                                 | NIGERIA OMO BILL BILLS 07/26 0.00000                       | CUSIP: ACI37P741<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |  154328000 | PA      | $105020.06    | 0.18%             | 2026-07-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | 31750SBF1 PIMCO FXVAN CALL USD TRY 49.55000000             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | US        |   -1164200 | NC      | $-1561.19     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO MORGAN STANLEY                                | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -213252 | PA      | $-215597.49   | -0.36%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD UYU BOUGHT USD 20260416                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-115.23      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS ZAR 8.02000 03/03/25-6Y CME                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | ZA        |          1 | NC      | $-20074.65    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| PARAGUAY GOVT                                                                | REPUBLIC OF PARAGUAY SR UNSECURED REGS 03/35 8.5           | CUSIP: P75744AS4<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        | 1020000000 | PA      | $156053.92    | 0.26%             | 2035-03-04      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT COP SOLD USD 20260617                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $5237.33      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD NGN BOUGHT USD 20261120                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | NG        |          1 | NC      | $-1259.48     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT BRL SOLD USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $23752.89     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS PLN 4.43400 11/03/25-10Y CME                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | PL        |          1 | NC      | $2471.89      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CREDICORP CAPITAL SOCIEDAD TITULIZADORA SA                                   | CREDICORP CAPITAL SOCIED LOCAL GOVT G 144A REGS 12/43 1    | CUSIP: 224939AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | PE        |    1900000 | PA      | $592402.08    | 1.00%             | 2043-12-15      | Fixed         | 10.10%                | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT PEN SOLD USD 20260617                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PE        |          1 | NC      | $-6380.43     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT ZAR SOLD USD 20260420                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |          1 | NC      | $731.52       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS CZK 3.67000 02/09/26-5Y CME                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CZ        |          1 | NC      | $-14726.34    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO SOCIETE GENERALE REVERSE REPO                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | N/A       |    -462848 | PA      | $-544024.69   | -0.92%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD DOP BOUGHT USD 20260508                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-15135.50    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT PLN SOLD USD 20260415                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $-40.31       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | ARGENTINA LA SP GST                                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |          1 | NC      | $1305.23      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PROVINCE OF BUENOS AIRES ARGENTINA                                           | PROVINCIA DE BUENOS AIRE SR UNSECURED REGS 09/37 VAR       | CUSIP: ACI208PK2<br>LEI: 549300L6AYROPOTQ4L07 | Long             | DBT              | NUSS              | AR        |     177880 | PA      | $134521.75    | 0.23%             | 2037-09-01      | Variable      | 6.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD PKR BOUGHT USD 20260930                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-2367.89     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT AUD SOLD USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | AU        |          1 | NC      | $-12142.46    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT TRY SOLD USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $44.99        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | ZCS BRL 13.0564 09/05/25-01/02/29 CME                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | BR        |          1 | NC      | $-9578.70     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD NGN BOUGHT USD 20260520                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | NG        |          1 | NC      | $-11964.85    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| NIGERIA GOVT                                                                 | YI4360438 NIGERIA OMO BILL                                 | CUSIP: 990ACHTT6<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |  686900000 | PA      | $433043.59    | 0.73%             | 2027-01-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| COLOMBIAN GOVT                                                               | REPUBLIC OF COLOMBIA SR UNSECURED 11/34 5.75               | CUSIP: ACI35CC95<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     100000 | PA      | $109197.79    | 0.18%             | 2034-11-26      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | ZCS BRL 13.255 03/10/26-01/02/31 CME                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | BR        |          1 | NC      | $-3182.03     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD UZS BOUGHT USD 20260414                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-1493.34     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT IDR SOLD USD 20260610                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |          1 | NC      | $-7034.84     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| ICBC STANDARD BANK PLC                                                       | ICBC STANDARD BANK PLC SR UNSECURED 144A 12/29 20          | CUSIP: ACI37D938<br>LEI: F01VVKN4DRF2NWKGQ283 | Long             | DBT              | CORP              | GB        | 2529000000 | PA      | $207393.51    | 0.35%             | 2029-12-13      | Fixed         | 20.00%                | No            |                  3 | On Loan: No      |
| SRI LANKA GOVT                                                               | REPUBLIC OF SRI LANKA SR UNSECURED 144A 06/35 VAR          | CUSIP: ACI2SS7V4<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |      54880 | PA      | $41573.41     | 0.07%             | 2035-06-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD UZS BOUGHT USD 20261119                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-824.49      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD COP BOUGHT USD 20260721                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $-411.69      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT PEN SOLD USD 20260414                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PE        |          1 | NC      | $-612.81      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT EUR SOLD USD 20260504                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $2162.49      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT PEN SOLD USD 20260617                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PE        |          1 | NC      | $-4204.55     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD EUR BOUGHT USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $728.23       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT KWD SOLD USD 20260521                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-576.33      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD UZS BOUGHT USD 20261015                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-542.77      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS PLN 4.45000 02/24/26-10Y CME                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | PL        |          1 | NC      | $4037.06      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES FINANCE II PLC                                             | VEDANTA RESOURCES COMPANY GUAR 144A 10/32 9.125            | CUSIP: 92243XAN1<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |     200000 | PA      | $201382.62    | 0.34%             | 2032-10-15      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD UZS BOUGHT USD 20261009                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-100.99      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | RFR USD SOFR/3.00000 03/19/25-5Y CME                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-113265.76   | -0.19%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | 317UBVPA3 PIMCO SWAPTION 4.135 PUT PLN 2026051             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |    -400000 | NC      | $-6284.90     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD CLP BOUGHT USD 20260409                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CL        |          1 | NC      | $6190.47      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT PEN SOLD USD 20260427                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PE        |          1 | NC      | $-1049.43     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | EURO-BUND FUTURE  JUN26 XEUR 20260608                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | DE        |         -3 | NC      | $11082.35     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                          | SOLD EUR BOUGHT USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $1951.42      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| IVORY COAST GOVT (AKA: COTE D'IVOIRE)                                        | IVORY COAST SR UNSECURED REGS 03/48 6.625                  | CUSIP: ACI11JW62<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |     900000 | PA      | $898477.05    | 1.51%             | 2048-03-22      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD PEN BOUGHT USD 20260715                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PE        |          1 | NC      | $9568.50      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD EGP BOUGHT USD 20260921                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | EG        |          1 | NC      | $3067.21      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT COP SOLD USD 20260617                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $3150.35      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT EUR SOLD USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-1561.83     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | 317UBNFA2 PIMCO SWAPTION 6.61 CALL ZAR 2026042             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |   -3900000 | NC      | $-15.30       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GLOBAL SPORTS GROUP (GSG BIDCO LIMITED)                                      | GSG BIDCO LTD SR SECURED 144A 06/31 4.7                    | CUSIP: ACI38RGT1<br>LEI: 984500F49D98F3GDZ668 | Long             | DBT              | CORP              | JE        |     150000 | PA      | $171991.38    | 0.29%             | 2031-06-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | RFR USD SOFR/3.25000 06/18/25-9Y LCH                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-8849.12     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| UKRAINE GOVT                                                                 | UKRAINE GOVERNMENT SR UNSECURED REGS 02/30 VAR             | CUSIP: ACI2QXX61<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     250000 | PA      | $147250.00    | 0.25%             | 2030-02-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| SENEGAL GOVT                                                                 | REP OF SEN MINI OF FIN AND BUD 2023 EUR 1ST LIEN TERM LOAN | CUSIP: BA0000GC3<br>LEI: 549300NP14ZLQGWIUZ97 | Long             | LON              | CORP              | SN        |     525000 | PA      | $388056.55    | 0.65%             | 2028-12-22      | Floating      | 7.94%                 | No            |                  3 | On Loan: No      |
| N/A                                                                          | SOLD COP BOUGHT USD 20260617                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $-6348.75     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD ILS BOUGHT USD 20260610                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $247.21       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD PLN BOUGHT USD 20260422                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $602.39       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | ARGENTINA LA SP BRC                                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |          1 | NC      | $750.49       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT TRY SOLD USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $5604.82      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | RFR USD SOFR/3.75000 09/17/25-10Y CME                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-20514.26    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT INR SOLD USD 20260818                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $-5294.98     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD TRY BOUGHT USD 20260505                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $-1479.75     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT MXN SOLD USD 20260617                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $-757.03      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT GBP SOLD USD 20260505                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |          1 | NC      | $-3078.63     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | ARGENTINA LA SP MYC                                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |          1 | NC      | $2593.95      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS ZAR 6.71500 02/26/26-5Y CME                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | ZA        |          1 | NC      | $10169.87     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD THB BOUGHT USD 20260519                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TH        |          1 | NC      | $-460.99      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD ILS BOUGHT USD 20260610                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $7.60         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | OIS ILS SHIRON/4.13500 12/05/25-10Y LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | IL        |          1 | NC      | $1450.85      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ROMANIA GOVT                                                                 | ROMANIA SR UNSECURED 144A 06/33 5.375                      | CUSIP: ACI30VFW4<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     200000 | PA      | $225309.88    | 0.38%             | 2033-06-07      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD MXN BOUGHT USD 20260417                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $-42.77       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD PEN BOUGHT USD 20270128                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PE        |          1 | NC      | $22625.83     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| ANGOLA GOVT                                                                  | REPUBLIC OF ANGOLA SR UNSECURED REGS 04/32 8.75            | CUSIP: ACI24WFG5<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |     200000 | PA      | $194463.58    | 0.33%             | 2032-04-14      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS PLN 4.43000 11/10/25-10Y CME                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | PL        |          1 | NC      | $1647.63      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO SOCIETE GENERALE REVERSE REPO                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -278460 | PA      | $-281545.53   | -0.47%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | OIS MXN TIIE1/7.23000 03/18/26-3Y CME                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | MX        |          1 | NC      | $4711.58      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| JSC UZBEKNEFTEGAZ                                                            | UZBEKNEFTEGAZ SR UNSECURED REGS 11/28 4.75                 | CUSIP: ACI21QDZ1<br>LEI: 213800LUZJZFLJD4MJ51 | Long             | DBT              | CORP              | UZ        |     300000 | PA      | $287332.60    | 0.48%             | 2028-11-16      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD MXN BOUGHT USD 20260417                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $-56.42       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | 317UBKGA7 PIMCO SWAPTION 6.6725 PUT ZAR 202604             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |   -3800000 | NC      | $-9568.29     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT INR SOLD USD 20260506                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $305.38       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD HUF BOUGHT USD 20260415                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | HU        |          1 | NC      | $-54.61       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| COLOMBIAN GOVT                                                               | TITULOS DE TESORERIA SR UNSECURED 04/29 2.25               | CUSIP: ACI1N5XG5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |  202635400 | PA      | $47893.58     | 0.08%             | 2029-04-18      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT TRY SOLD USD 20260401                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $3665.61      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | OIS MXN TIIE1/7.68100 03/11/26-5Y* CME                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | MX        |          1 | NC      | $23434.82     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| DAE SUKUK (DIFC) LTD                                                         | DAE SUKUK DIFC LTD SR UNSECURED 144A 10/30 4.5             | CUSIP: 23302JAC9<br>LEI: 635400AMGMPG1J5EQD94 | Long             | DBT              | CORP              | AE        |     300000 | PA      | $286878.79    | 0.48%             | 2030-10-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BAHRAIN GOVT                                                                 | CBB INTL SUKUK PROG WLL SR UNSECURED 144A 09/34 6.124      | CUSIP: 124808AD8<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |     200000 | PA      | $191058.02    | 0.32%             | 2034-09-03      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS CZK 3.85000 03/03/26-10Y CME                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CZ        |          1 | NC      | $-7998.90     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT PLN SOLD USD 20260415                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $-76.59       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT UYU SOLD USD 20260420                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-10879.38    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | OIS MXN TIIE1/7.55500 01/30/26-5Y* CME                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | MX        |          1 | NC      | $3577.63      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS PLN 5.15500 11/05/24-10Y* CME                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | PL        |          1 | NC      | $5522.43      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS ZAR 6.88500 02/04/26-5Y CME                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | ZA        |          1 | NC      | $8539.60      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT PLN SOLD USD 20260415                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $-72.19       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD ZAR BOUGHT USD 20260420                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |          1 | NC      | $135.05       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD CNY BOUGHT USD 20260513                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $-2878.29     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| COLOMBIAN GOVT                                                               | REPUBLIC OF COLOMBIA SR UNSECURED 01/33 6.5                | CUSIP: 195325EV3<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     200000 | PA      | $196100.00    | 0.33%             | 2033-01-21      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD ZAR BOUGHT USD 20260819                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |          1 | NC      | $-10147.20    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | 317UBZ2A9 PIMCO SWAPTION 6.51 PUT ZAR 20260526             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |   -3600000 | NC      | $-10817.73    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| MEXICO GOVT                                                                  | UNITED MEXICAN STATES SR UNSECURED 02/34 5.625             | CUSIP: 91087BBQ2<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     200000 | PA      | $195850.00    | 0.33%             | 2034-02-09      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT MXN SOLD USD 20260617                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $-5487.89     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| COLOMBIAN GOVT                                                               | REPUBLIC OF COLOMBIA SR UNSECURED 02/34 7.5                | CUSIP: 195325EG6<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     200000 | PA      | $204926.00    | 0.35%             | 2034-02-02      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | 317UBZ1A0 PIMCO SWAPTION 6.51 CALL ZAR 2026052             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |   -3600000 | NC      | $-37.21       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT BRL SOLD USD 20260602                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $26515.72     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| TURKEY GOVT                                                                  | HAZINE MUSTESARLIGI VARL SR UNSECURED 144A 09/30 6.75      | CUSIP: 421790AN6<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |     200000 | PA      | $200461.18    | 0.34%             | 2030-09-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT PLN SOLD USD 20260415                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $62.27        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD UZS BOUGHT USD 20261209                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-411.25      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MONGOLIA GOVT                                                                | MONGOLIA INTL BOND SR UNSECURED REGS 07/27 3.5             | CUSIP: Y6142NAF5<br>LEI: N/A                  | Long             | DBT              | NUSS              | MN        |     300000 | PA      | $291192.81    | 0.49%             | 2027-07-07      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | RFR USD SOFR/3.25000 03/19/25-10Y CME                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-131830.50   | -0.22%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD BRL BOUGHT USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $-2730.37     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | ARGENTINA LA SP GST                                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |          1 | NC      | $592.89       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD MXN BOUGHT USD 20260610                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $808.74       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| EGYPTIAN GOVT                                                                | EGYPT TREASURY BILL BILLS 10/26 0.00000                    | CUSIP: ACI3187G8<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |     400000 | PA      | $6431.76      | 0.01%             | 2026-10-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | ZCS BRL 13.235 01/08/26-01/02/35 CME                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | BR        |          1 | NC      | $-22199.35    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT DOP SOLD USD 20260416                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $7380.66      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT COP SOLD USD 20260505                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $-153.70      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS CZK 3.77700 10/15/25-5Y CME                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CZ        |          1 | NC      | $-3475.24     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT EUR SOLD USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $283.42       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD KZT BOUGHT USD 20260604                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KZ        |          1 | NC      | $-98.77       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD COP BOUGHT USD 20260617                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $-117.38      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD COP BOUGHT USD 20260713                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $-4018.02     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT EUR SOLD USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-2326.22     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD INR BOUGHT USD 20260424                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $14825.96     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD IDR BOUGHT USD 20260610                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |          1 | NC      | $2112.22      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD UZS BOUGHT USD 20261214                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-151.35      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | OIS COP IBR/11.72000 06/17/26-5Y CME                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CO        |          1 | NC      | $-3876.52     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| PETROLEOS DE VENEZUELA SA (PDVSA)                                            | PETROLEOS DE VENEZUELA S COMPANY GUAR REGS 05/35 9.75      | CUSIP: P7807HAQ8<br>LEI: 549300YWR8TN1OFD4P06 | Long             | DBT              | CORP              | VE        |     690000 | PA      | $288282.00    | 0.49%             | 2035-05-17      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD BRL BOUGHT USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $-7937.68     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT KRW SOLD USD 20260415                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KR        |          1 | NC      | $-2223.49     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CHILE ELECTRICITY LUX MPC II SARL                                            | CHILE ELECTRICITY LUX GOVT GUARANT 144A 10/35 5.672        | CUSIP: 16882LAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |     485436 | PA      | $490564.72    | 0.83%             | 2035-10-20      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD TRY BOUGHT USD 20260414                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $-3410.78     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS CLP 4.97000 06/18/25-7Y CME                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CL        |          1 | NC      | $8437.51      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BEIGNET INVESTOR LLC                                                         | BEIGNET INVESTOR LLC SR SECURED 144A 05/49 6.581           | CUSIP: 076912AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     560000 | PA      | $576201.05    | 0.97%             | 2049-05-30      | Fixed         | 6.58%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT BRL SOLD USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $4310.71      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CHILEAN GOVT                                                                 | BONOS TESORERIA PESOS UNSECURED 144A REGS 09/30 4.7        | CUSIP: ACI13NCW6<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |  640000000 | PA      | $676924.41    | 1.14%             | 2030-09-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| PANAMA GOVT                                                                  | REPUBLIC OF PANAMA SR UNSECURED 02/34 5.227                | CUSIP: 698299CB8<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |     200000 | PA      | $193050.00    | 0.33%             | 2034-02-23      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | 317UBJOA1 PIMCO SWAPTION 4.23 PUT PLN 20260413             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |    -400000 | NC      | $-5345.58     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| SENEGAL GOVT                                                                 | REPUBLIC OF SENEGAL SR UNSECURED REGS 03/48 6.75           | CUSIP: V7691DAY2<br>LEI: 549300NP14ZLQGWIUZ97 | Long             | DBT              | NUSS              | SN        |     200000 | PA      | $102328.03    | 0.17%             | 2048-03-13      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD AUD BOUGHT USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | AU        |          1 | NC      | $2760.66      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD INR BOUGHT USD 20260916                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $25400.19     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | OIS MXN TIIE1/8.25500 06/17/26-5Y* CME                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | MX        |          1 | NC      | $1755.17      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD ILS BOUGHT USD 20260617                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $20.37        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NIGERIA GOVT                                                                 | REPUBLIC OF NIGERIA SR UNSECURED 144A 01/36 8.6308         | CUSIP: 65412AFF4<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |     200000 | PA      | $208526.37    | 0.35%             | 2036-01-13      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD UZS BOUGHT USD 20261118                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-1142.57     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD UZS BOUGHT USD 20261009                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-31.19       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD COP BOUGHT USD 20260713                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $-181.39      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | OIS MXN TIIE1/7.54500 03/18/26-5Y* CME                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | MX        |          1 | NC      | $2217.07      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | TRS RCKM 01/30/33 MYC                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | CN        |          1 | NC      | $-314750.17   | -0.53%            |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                                                          | OIS COP IBR/11.73000 06/17/26-5Y CME                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CO        |          1 | NC      | $-4134.37     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD MXN BOUGHT USD 20260617                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $6976.43      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD PEN BOUGHT USD 20260414                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PE        |          1 | NC      | $5967.57      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| COLOMBIAN GOVT                                                               | REPUBLIC OF COLOMBIA SR UNSECURED 11/38 6.5                | CUSIP: ACI35CDQ6<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     100000 | PA      | $110226.50    | 0.19%             | 2038-11-26      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BOSNIA AND HERZEGOVINA GOVT                                                  | REP SRPSKA INTL BOND REP SRPSKA INTL BOND                  | CUSIP: ACI396L78<br>LEI: N/A                  | Long             | DBT              | NUSS              | BA        |     100000 | PA      | $116136.36    | 0.20%             | 2031-04-02      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD EUR BOUGHT USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $4718.55      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD EUR BOUGHT USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $153571.28    | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | 317UBXJA6 PIMCO SWAPTION 3.93 CALL CZK 2026052             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |   -2300000 | NC      | $-81.00       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD COP BOUGHT USD 20260617                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $-12947.22    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| BAHRAIN GOVT                                                                 | KINGDOM OF BAHRAIN SR UNSECURED 144A 02/38 7.1             | CUSIP: 056909AB0<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |     200000 | PA      | $188465.11    | 0.32%             | 2038-02-03      | Fixed         | 7.10%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | 317UBKHA6 PIMCO SWAPTION 6.6725 CALL ZAR 20260             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |   -3800000 | NC      | $-0.45        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | OIS COP IBR/11.70000 06/17/26-5Y CME                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CO        |          1 | NC      | $-3720.25     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| PERU PAYROLL DEDUCTION FINANCE LIMITED                                       | PERU PAYROLL DEDUCTION SR SECURED REGS 11/29 0.00000       | CUSIP: ACI01Y8E1<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     325630 | PA      | $291684.53    | 0.49%             | 2029-11-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SHARJAH GOVT                                                                 | FIN DEPT GOVT SHARJAH SR UNSECURED REGS 07/50 4            | CUSIP: ACI1P3VB1<br>LEI: N/A                  | Long             | DBT              | NUSS              | AE        |     600000 | PA      | $374723.81    | 0.63%             | 2050-07-28      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | ARGENTINA LA SP GST                                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |          1 | NC      | $341.31       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | STATE OIL COMPANY OF THE AZERB EM SP JPM                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |          1 | NC      | $1945.17      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GACI FIRST INVESTMENT COMPANY                                                | GACI FIRST INVESTMENT COMPANY GUAR REGS 01/54 5.375        | CUSIP: ACI2MLFW4<br>LEI: 558600TU1PWGNLZ3XM88 | Long             | DBT              | CORP              | KY        |     300000 | PA      | $261826.07    | 0.44%             | 2054-01-29      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | 317UBNGA1 PIMCO SWAPTION 6.61 PUT ZAR 20260428             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |   -3900000 | NC      | $-10525.21    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD COP BOUGHT USD 20260818                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $-5788.68     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | HSBC REVERSE REPO EUR ZCP                                  | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | LU        |    -991524 | PA      | $-1149946.60  | -1.94%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD EUR BOUGHT USD 20260504                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-11430.93    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD INR BOUGHT USD 20260424                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $853.03       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD UZS BOUGHT USD 20261123                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-625.85      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ROMANIA GOVT                                                                 | ROMANIA SR UNSECURED 144A 09/33 6.375                      | CUSIP: ACI2JSF94<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     200000 | PA      | $237971.07    | 0.40%             | 2033-09-18      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | ZCS BRL 13.605 03/12/26-01/02/31 CME                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | BR        |          1 | NC      | $-472.82      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT UGX SOLD USD 20261028                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-1462.20     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS CZK 3.98000 12/04/25-5Y CME                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CZ        |          1 | NC      | $-3008.90     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| PARAGUAY GOVT                                                                | REPUBLIC OF PARAGUAY SR UNSECURED 144A 04/38 8.5           | CUSIP: 699149CC2<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        | 2041000000 | PA      | $309388.73    | 0.52%             | 2038-04-04      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS CZK 3.70500 08/12/25-5Y CME                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CZ        |          1 | NC      | $-289.64      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT UGX SOLD USD 20261016                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-358.99      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS PLN 4.38500 02/06/26-10Y CME                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | PL        |          1 | NC      | $4689.30      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT COP SOLD USD 20260420                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $389.31       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT BRL SOLD USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $5493.79      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD PLN BOUGHT USD 20260415                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $417.84       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD UZS BOUGHT USD 20261218                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-201.66      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| NIGERIA GOVT                                                                 | NIGERIA OMO BILL OMO120626                                 | CUSIP: 955PDJII7<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        | 1224904000 | PA      | $850963.34    | 1.43%             | 2026-06-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD COP BOUGHT USD 20260617                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $-553.54      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT EGP SOLD USD 20260512                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | EG        |          1 | NC      | $-973.77      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT EUR SOLD USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-2479.45     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT INR SOLD USD 20260407                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $-1503.68     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UKRAINE GOVT                                                                 | UKRAINE GOVERNMENT SR UNSECURED 144A 02/34 VAR             | CUSIP: 903724CE0<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      65880 | PA      | $28394.28     | 0.05%             | 2034-02-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT EGP SOLD USD 20260518                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | EG        |          1 | NC      | $-28554.01    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS CZK 4.39500 03/10/26-10Y CME                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CZ        |          1 | NC      | $498.39       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | 317UBXKA4 PIMCO SWAPTION 3.93 PUT CZK 20260520             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |   -2300000 | NC      | $-5425.41     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT EGP SOLD USD 20260416                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | EG        |          1 | NC      | $-216.28      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT UGX SOLD USD 20260428                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $243.71       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| COLOMBIAN GOVT                                                               | TITULOS DE TESORERIA BONDS 01/31 6.5                       | CUSIP: ACI302XY4<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |  335969493 | PA      | $87692.37     | 0.15%             | 2031-01-22      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS PLN 4.23500 11/27/25-10Y CME                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | PL        |          1 | NC      | $-4974.07     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD KWD BOUGHT USD 20300812                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $23420.30     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT PLN SOLD USD 20260415                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $55.76        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CHILEAN GOVT                                                                 | BONOS TESORERIA PESOS BONDS 144A REGS 10/28 5              | CUSIP: ACI1YYXQ8<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |  155000000 | PA      | $166524.68    | 0.28%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT MXN SOLD USD 20260420                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $-802.39      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MONG DUONG FINANCE HOLDINGS BV                                               | MONG DUONG FIN HLDGS BV SR SECURED REGS 05/29 5.125        | CUSIP: N6000DAA1<br>LEI: 549300995KGQFMWSV879 | Long             | DBT              | CORP              | NL        |     492473 | PA      | $484881.71    | 0.82%             | 2029-05-07      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS (PEMEX)                                                  | PETROLEOS MEXICANOS COMPANY GUAR 01/45 6.375               | CUSIP: 71654QBR2<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     900000 | PA      | $709517.61    | 1.20%             | 2045-01-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD INR BOUGHT USD 20260407                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $2094.88      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT KWD SOLD USD 20260505                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-1210.49     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD COP BOUGHT USD 20260406                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $-36242.16    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT COP SOLD USD 20260617                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $3888.10      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | RFR USD SOFR/4.08586 01/13/25-30Y LCH                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-16845.30    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD THB BOUGHT USD 20260420                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TH        |          1 | NC      | $11199.11     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT TRY SOLD USD 20260413                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $1039.27      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SAUDI ARABIA GOVT                                                            | KSA IJARAH SUKUK LTD SR UNSECURED 144A 09/35 4.875         | CUSIP: 50116FAB8<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | KY        |     300000 | PA      | $292777.38    | 0.49%             | 2035-09-09      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ABU DHABI GOVT                                                               | ABU DHABI GOVT INT L SR UNSECURED REGS 05/26 3.125         | CUSIP: ACI0M6MJ2<br>LEI: 213800FER4348CINTA77 | Long             | DBT              | NUSS              | AE        |     200000 | PA      | $199894.40    | 0.34%             | 2026-05-03      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD KZT BOUGHT USD 20260420                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KZ        |          1 | NC      | $-313.60      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | 317UBPIA4 PIMCO SWAPTION 3.69 CALL ILS 2026050             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |    -400000 | NC      | $-55.67       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| COLOMBIAN GOVT                                                               | TITULOS DE TESORERIA BONDS 02/33 13.25                     | CUSIP: ACI2C9W52<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        | 5967700000 | PA      | $1600012.55   | 2.70%             | 2033-02-09      | Fixed         | 13.25%                | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS CZK 3.84500 03/05/26-5Y CME                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CZ        |          1 | NC      | $2127.71      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | ZCS BRL 12.91 11/25/25-01/02/31 CME                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | BR        |          1 | NC      | $-51925.48    | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT CNH SOLD USD 20260507                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $177.47       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT COP SOLD USD 20260420                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $253.31       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT EGP SOLD USD 20260720                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | EG        |          1 | NC      | $-4146.98     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS PLN 4.53500 11/07/25-10Y CME                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | PL        |          1 | NC      | $10198.37     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                           | US TREASURY N/B 08/45 4.875                                | CUSIP: 912810UN6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      30000 | PA      | $29908.59     | 0.05%             | 2045-08-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT UGX SOLD USD 20261028                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-441.51      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT COP SOLD USD 20260721                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $201.83       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT EGP SOLD USD 20260416                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | EG        |          1 | NC      | $-3757.47     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| WEST AFRICAN DEVELOPMENT BANK (AKA: BANQUE OUEST AFRICAINE DE DEVELOPPEMENT) | BANQUE OUEST AFRICAINE D SR UNSECURED 144A 10/40 6.25      | CUSIP: ACI310304<br>LEI: 529900LIZJABE4JJS826 | Long             | DBT              | CORP              | N/A       |     200000 | PA      | $218712.46    | 0.37%             | 2040-10-14      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | 317UBJNA2 PIMCO SWAPTION 4.23 CALL PLN 2026041             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |    -400000 | NC      | $-0.06        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF ANGOLA VIA AVENIR ISSUER II IRELAND DAC                          | REP OF ANGOLA(AVENIR IS) SR SECURED REGS 02/27 6.927       | CUSIP: ACI1KDXD8<br>LEI: 635400VEZIQKZPR7KU35 | Long             | DBT              | NUSS              | IE        |     200000 | PA      | $196500.28    | 0.33%             | 2027-02-19      | Fixed         | 6.93%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD PEN BOUGHT USD 20260427                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PE        |          1 | NC      | $562.41       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD KWD BOUGHT USD 20300515                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $8177.51      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT TRY SOLD USD 20260421                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $844.35       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT TRY SOLD USD 20260506                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $1.99         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PERU LNG SRL                                                                 | PERU LNG SRL SR UNSECURED REGS 03/30 5.375                 | CUSIP: P7721BAE1<br>LEI: 254900F70J1LOALV5K70 | Long             | DBT              | CORP              | PE        |     133360 | PA      | $129543.54    | 0.22%             | 2030-03-22      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT EGP SOLD USD 20260415                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | EG        |          1 | NC      | $-23617.26    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD CLP BOUGHT USD 20260617                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CL        |          1 | NC      | $44128.08     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT SGD SOLD USD 20260504                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | SG        |          1 | NC      | $-119.86      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| COSTA RICA GOVT                                                              | COSTA RICA GOVERNMENT BONDS 144A 11/30 5.4995              | CUSIP: ACI3721X4<br>LEI: 549300S1EK2VN6XVJP58 | Long             | DBT              | NUSS              | CR        |     500000 | PA      | $591604.60    | 1.00%             | 2030-11-21      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT BRL SOLD USD 20260702                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $2725.63      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD EGP BOUGHT USD 20260623                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | EG        |          1 | NC      | $3078.23      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| TRANSNET                                                                     | TRANSNET SOC LTD 2015 ZAR TERM LOAN                        | CUSIP: BA000FR04<br>LEI: 378900B07CD6F01EA796 | Long             | LON              | CORP              | ZA        |    2514286 | PA      | $146648.21    | 0.25%             | 2028-03-02      | Floating      | 10.66%                | No            |                  3 | On Loan: No      |
| VB DPR FINANCE COMPANY                                                       | VB DPR FINANCE COMPANY VAKIFBANK DPR 2025 E 4A2 SR SE      | CUSIP: 959DHQII0<br>LEI: 549300Y3LKKHCL3AQW08 | Long             | DBT              | CORP              | US        |     300000 | PA      | $303255.04    | 0.51%             | 2035-03-15      | Fixed         | 6.83%                 | Yes           |                  3 | On Loan: No      |
| PERU GOVT                                                                    | BONOS DE TESORERIA SR UNSECURED 144A REGS 08/35 6          | CUSIP: ACI2XSL83<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    2900000 | PA      | $850924.45    | 1.43%             | 2035-08-12      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| GHANA GOVT                                                                   | GHANA GOVERNMENT BOND UNSECURED 02/32 9.1                  | CUSIP: ACI2DBPK1<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |     280000 | PA      | $21549.79     | 0.04%             | 2032-02-10      | Fixed         | 9.10%                 | No            |                  2 | On Loan: No      |
| KENYA GOVT                                                                   | REPUBLIC OF KENYA SR UNSECURED 144A 10/33 7.875            | CUSIP: 491798AP9<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |     200000 | PA      | $185836.96    | 0.31%             | 2033-10-09      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| CHILEAN GOVT                                                                 | BONOS TESORERIA PESOS BONDS 144A REGS 10/29 5.8            | CUSIP: ACI2QBM79<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |  440000000 | PA      | $483750.13    | 0.82%             | 2029-10-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| SONANGOL FINANCE LTD                                                         | SONANGOL FINANCE LTD COMPANY GUAR 144A 01/31 10            | CUSIP: ACI387RK2<br>LEI: N/A                  | Long             | DBT              | CORP              | AO        |     200000 | PA      | $199449.98    | 0.34%             | 2031-01-29      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| IVORY COAST GOVT (AKA: COTE D'IVOIRE)                                        | IVORY COAST SR UNSECURED REGS 10/31 5.875                  | CUSIP: ACI1G4C46<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |     200000 | PA      | $226234.56    | 0.38%             | 2031-10-17      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | RFR USD SOFR/3.75000 09/17/25-5Y CME                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $2063.66      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS ZAR 6.77000 11/12/25-5Y CME                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | ZA        |          1 | NC      | $-7932.59     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT INR SOLD USD 20260424                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $588.69       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PETROLEOS DEL PERU SA - PETROPERU SA                                         | PETROLEOS DEL PERU SA SR UNSECURED REGS 06/32 4.75         | CUSIP: P7808BAA5<br>LEI: 549300ZMGDLC9JT2OR80 | Long             | DBT              | CORP              | PE        |     300000 | PA      | $238099.50    | 0.40%             | 2032-06-19      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SOUTH AFRICA GOVT                                                            | REPUBLIC OF SOUTH AFRICA BONDS 02/35 8.875                 | CUSIP: BYY9RYII7<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |   21400000 | PA      | $1242929.45   | 2.09%             | 2035-02-28      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO MORGAN STANLEY                                | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -229603 | PA      | $-232286.05   | -0.39%            |  |  |  | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC GOVT                                                      | DOMINICAN REPUBLIC SR UNSECURED 144A 03/37 10.5            | CUSIP: 25714PFD5<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |  198200000 | PA      | $3403128.48   | 5.74%             | 2037-03-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS PLN 4.44500 12/22/25-10Y CME                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | PL        |          1 | NC      | $5530.89      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT INR SOLD USD 20260424                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $-7210.44     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | ARGENTINA LA SP BRC                                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |          1 | NC      | $335.13       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS HUF 6.35000 11/14/25-5Y CME                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | HU        |          1 | NC      | $4755.68      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | RFR USD SOFR/3.25000 03/19/25-30Y LCH                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-272316.06   | -0.46%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS HUF 6.19500 12/08/25-5Y CME                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | HU        |          1 | NC      | $-11565.61    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD PLN BOUGHT USD 20260415                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $262.56       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD COP BOUGHT USD 20260713                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $-4018.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | 317UBJ7A0 PIMCO SWAPTION 3.7275 CALL ILS 20260             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |    -400000 | NC      | $-8.65        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PANAMA INFRASTRUCTURE RECEIVABLE PURCHASER PLC                               | PANAMA INFRASTRUCTURE SR SECURED REGS 04/32 0.00000        | CUSIP: G6883RAB8<br>LEI: 213800QSH7EDGMUDJW25 | Long             | DBT              | CORP              | GB        |     200000 | PA      | $156608.00    | 0.26%             | 2032-04-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | 31750SFZ3 PIMCO FXVAN PUT USD CNH 6.80000000               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | US        |   -4792000 | NC      | $-3584.42     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD TRY BOUGHT USD 20260421                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $-3287.94     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT UYU SOLD USD 20260414                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-5591.73     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT EUR SOLD USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $1173.57      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS ZAR 6.91000 10/30/25-5Y CME                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | ZA        |          1 | NC      | $977.13       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                                                 | ECOPETROL SA SR UNSECURED 05/45 5.875                      | CUSIP: 279158AJ8<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    1200000 | PA      | $884460.61    | 1.49%             | 2045-05-28      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT COP SOLD USD 20260408                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $30968.80     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD COP BOUGHT USD 20260721                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $-4180.97     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD UGX BOUGHT USD 20260430                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $3387.61      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO MORGAN STANLEY                                | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -573510 | PA      | $-579740.05   | -0.98%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | REVERSE REPO MORGAN STANLEY                                | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -1292604 | PA      | $-1307356.05  | -2.20%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD UZS BOUGHT USD 20261130                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-125.01      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD GBP BOUGHT USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |          1 | NC      | $3077.81      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD UGX BOUGHT USD 20260423                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $4289.31      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD PEN BOUGHT USD 20260722                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PE        |          1 | NC      | $5077.47      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT PLN SOLD USD 20260415                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $-113.26      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| INTEROCEANICA V FINANCE LIMITED                                              | INTEROCEANICA FINANCE V SR SECURED REGS 05/30 0.00000      | CUSIP: G34072AC5<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     189768 | PA      | $163507.25    | 0.28%             | 2030-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT PEN SOLD USD 20260526                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PE        |          1 | NC      | $-546.76      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD KRW BOUGHT USD 20260415                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KR        |          1 | NC      | $1602.17      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | RFR USD SOFR/4.00000 03/18/26-10Y CME                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $14765.18     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT COP SOLD USD 20260430                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $100.50       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NIGERIA GOVT                                                                 | NIGERIA OMO BILL BILLS 01/27 0.00000                       | CUSIP: ACI38D135<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |  463323000 | PA      | $290955.60    | 0.49%             | 2027-01-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD CZK BOUGHT USD 20260415                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CZ        |          1 | NC      | $733.74       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT PEN SOLD USD 20260715                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PE        |          1 | NC      | $-2073.60     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PANAMA GOVT                                                                  | REPUBLIC OF PANAMA SR UNSECURED 05/47 4.5                  | CUSIP: 698299BG8<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |     400000 | PA      | $315520.00    | 0.53%             | 2047-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD MXN BOUGHT USD 20260610                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $219.08       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TIERRA MOJADA LUXEMBOURG II SARL                                             | TIERRA MOJADA LUX II SRL SR SECURED REGS 12/40 5.75        | CUSIP: L3500LAA7<br>LEI: 254900H2U8PBIY32VI94 | Long             | DBT              | CORP              | LU        |     475690 | PA      | $453094.45    | 0.76%             | 2040-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MUTHOOT FINANCE LIMITED                                                      | MUTHOOT FINANCE LTD SR SECURED 144A 04/29 6.375            | CUSIP: 62828L2D4<br>LEI: 335800HAMJMBFL4RRF02 | Long             | DBT              | CORP              | IN        |     400000 | PA      | $397907.20    | 0.67%             | 2029-04-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| POINSETTIA FINANCE LIMITED SA RL                                             | POINSETTIA FINANCE LTD SR SECURED REGS 06/31 6.625         | CUSIP: G7150PAA8<br>LEI: 549300P2JTF5JKW10Z65 | Long             | DBT              | CORP              | LU        |     633938 | PA      | $620006.72    | 1.04%             | 2031-06-17      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | ZCS BRL 13.1557 03/03/26-01/02/31 CME                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | BR        |          1 | NC      | $5909.79      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | ZCS BRL 13.245 03/10/26-01/02/31 CME                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | BR        |          1 | NC      | $-3258.85     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | 317UBJ6A1 PIMCO SWAPTION 3.7275 PUT ILS 202604             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |    -400000 | NC      | $-2834.32     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD GBP BOUGHT USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |          1 | NC      | $808.71       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD COP BOUGHT USD 20260617                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $-4176.63     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD COP BOUGHT USD 20260617                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $-27591.15    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD TRY BOUGHT USD 20260430                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $-3655.54     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| VENEZUELAN GOVT                                                              | REPUBLIC OF VENEZUELA SR UNSECURED REGS 05/28 9.25         | CUSIP: P17625AB3<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |      85000 | PA      | $39100.00     | 0.07%             | 2028-05-07      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS PLN 4.35600 10/17/25-10Y CME                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | PL        |          1 | NC      | $-4910.43     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| OI SA (AKA: BRASIL TELECOM S/A)                                              | OI S A 2024 FIXED TERM LOAN 1                              | CUSIP: BA0006862<br>LEI: 254900YEMWCRRAGD4978 | Long             | LON              | CORP              | BR        |      57159 | PA      | $571.59       | 0.00%             | 2050-12-30      | Floating      | 0.00%                 | No            |                  3 | On Loan: No      |
| N/A                                                                          | SOLD COP BOUGHT USD 20260617                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $-1106.97     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD INR BOUGHT USD 20260818                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $23223.76     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD PEN BOUGHT USD 20260617                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PE        |          1 | NC      | $15333.61     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD KZT BOUGHT USD 20260604                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KZ        |          1 | NC      | $-7094.91     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT INR SOLD USD 20260424                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $1162.32      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD CLP BOUGHT USD 20260617                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CL        |          1 | NC      | $2494.34      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | US 10YR ULTRA FUT JUN26 XCBT 20260618                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          3 | NC      | $-3073.50     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| ARGENTINA GOVT                                                               | REPUBLIC OF ARGENTINA SR UNSECURED 07/30 VAR               | CUSIP: 040114HS2<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |     288000 | PA      | $241884.00    | 0.41%             | 2030-07-09      | Variable      | 0.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD TRY BOUGHT USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $-4213.07     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD INR BOUGHT USD 20260407                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $967.66       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT EUR SOLD USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $211.98       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD KRW BOUGHT USD 20260415                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KR        |          1 | NC      | $3861.65      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | RFR USD SOFR/4.00000 03/18/26-30Y CME                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-22310.59    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD INR BOUGHT USD 20260407                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $28.60        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | ZCS BRL 13.29632 03/03/26-01/02/31 CME                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | BR        |          1 | NC      | $29087.31     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT PEN SOLD USD 20260413                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PE        |          1 | NC      | $-592.67      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AZULE ENERGY FINANCE PLC                                                     | AZULE ENERGY FINANCE PLC COMPANY GUAR 144A 01/31 8.25      | CUSIP: 05501YAB4<br>LEI: 2138006X6O82RJSQDB63 | Long             | DBT              | CORP              | GB        |     200000 | PA      | $202200.02    | 0.34%             | 2031-01-22      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD TRY BOUGHT USD 20260401                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $-1111.02     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TURKISH AIRLINES 2015-1 CLASS A PASS THROUGH TRUST                           | TURKISH AIRLN 15 1 A PTT PASS THRU CE REGS 09/28 4.2       | CUSIP: U0567PAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | TR        |     171413 | PA      | $169317.78    | 0.29%             | 2028-09-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT AZN SOLD USD 20271029                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-186.97      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD PLN BOUGHT USD 20260422                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $693.22       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SRI LANKA GOVT                                                               | REPUBLIC OF SRI LANKA SR UNSECURED 144A 05/36 VAR          | CUSIP: ACI2SS751<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |      38088 | PA      | $34050.94     | 0.06%             | 2036-05-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| BENIN GOVT                                                                   | BENIN INTL GOV BOND SR UNSECURED REGS 01/35 4.95           | CUSIP: ACI1Z9146<br>LEI: 635400Q11P6AE5A5Y230 | Long             | DBT              | NUSS              | BJ        |     300000 | PA      | $304326.12    | 0.51%             | 2035-01-22      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD DOP BOUGHT USD 20260723                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-120.28      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PT BANTEN (LLPL CAPITAL PTE LTD)                                             | LLPL CAPITAL PTE LTD SR SECURED REGS 02/39 6.875           | CUSIP: Y51478AA6<br>LEI: 254900VXZ8FXTUQNON22 | Long             | DBT              | CORP              | SG        |    1010700 | PA      | $1027635.29   | 1.73%             | 2039-02-04      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| PERU GOVT                                                                    | BONOS DE TESORERIA SR UNSECURED 08/34 5.4                  | CUSIP: ACI1CNG93<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     400000 | PA      | $109210.03    | 0.18%             | 2034-08-12      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| FORTUNE STAR (BVI) LIMITED                                                   | FORTUNE STAR BVI LTD COMPANY GUAR REGS 10/26 3.95          | CUSIP: ACI1YV0X5<br>LEI: 2549008CU8NYQQRSNU62 | Long             | DBT              | CORP              | VG        |     400000 | PA      | $459368.19    | 0.77%             | 2026-10-02      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD ZAR BOUGHT USD 20260420                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |          1 | NC      | $3831.34      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT TRY SOLD USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $1197.63      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD COP BOUGHT USD 20260408                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $-140806.26   | -0.24%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | OIS MXN TIIE1/8.34000 06/17/26-5Y* CME                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | MX        |          1 | NC      | $1373.20      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | OIS MXN TIIE1/8.50000 06/17/26-10Y* CME                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | MX        |          1 | NC      | $-327.01      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD ILS BOUGHT USD 20260610                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $29.21        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | OIS COP IBR/8.93300 10/28/25-4Y* CME                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CO        |          1 | NC      | $53913.87     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT TRY SOLD USD 20260414                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $1544.27      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS PLN 4.39300 10/16/25-10Y CME                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | PL        |          1 | NC      | $-4519.74     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| PERU GOVT                                                                    | REPUBLIC OF PERU SR UNSECURED REGS 08/31 6.95              | CUSIP: 715638BE1<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     480000 | PA      | $149600.16    | 0.25%             | 2031-08-12      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT INR SOLD USD 20260427                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $-1190.39     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| VEON AMSTERDAM BV                                                            | VEON AMSTERDAM TERM LOAN                                   | CUSIP: BA000HL48<br>LEI: 549300EPG4HR574L4660 | Long             | LON              | CORP              | NL        |     200000 | PA      | $198909.92    | 0.34%             | 2027-03-25      | Floating      | 7.90%                 | No            |                  3 | On Loan: No      |
| N/A                                                                          | SOLD BRL BOUGHT USD 20260602                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $-0.50        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ROMANIA GOVT                                                                 | ROMANIA ROMANIA                                            | CUSIP: ACI2P7GX9<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     100000 | PA      | $114169.11    | 0.19%             | 2032-05-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT THB SOLD USD 20260420                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TH        |          1 | NC      | $-7412.40     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | ARGENTINA LA SP GST                                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |          1 | NC      | $341.31       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD MXN BOUGHT USD 20260617                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $-6498.48     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| COLOMBIAN GOVT                                                               | REPUBLIC OF COLOMBIA SR UNSECURED 01/30 3                  | CUSIP: 195325DR3<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     200000 | PA      | $179668.00    | 0.30%             | 2030-01-30      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD COP BOUGHT USD 20260617                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $-177.61      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | ECUADOR LA SP JPM                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |          1 | NC      | $10536.77     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | ARGENTINA LA SP CBK                                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |          1 | NC      | $476.24       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GHANA GOVT                                                                   | GHANA GOVERNMENT BOND UNSECURED 02/31 8.95                 | CUSIP: ACI2DBP54<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |    1833575 | PA      | $143978.26    | 0.24%             | 2031-02-11      | Fixed         | 8.95%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT BRL SOLD USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $3177.88      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD KZT BOUGHT USD 20260604                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KZ        |          1 | NC      | $-5290.23     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT TRY SOLD USD 20260428                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $34.32        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT IDR SOLD USD 20260610                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |          1 | NC      | $-3612.15     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | TURKEY EM SP MEI                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |          1 | NC      | $-69875.63    | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | RFR USD SOFR/3.75000 06/20/24-7Y LCH                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-18748.99    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| UZBEK INDUSTRIAL AND CONSTRUCTION BANK ATB                                   | UZBEK INDUSTRIAL AND CON UZBEK INDUSTRIAL AND CON          | CUSIP: 917935AA6<br>LEI: 213800C2NIFPFTXYIU69 | Long             | DBT              | CORP              | UZ        |     200000 | PA      | $212016.00    | 0.36%             | 2029-07-24      | Fixed         | 8.95%                 | No            |                  2 | On Loan: No      |
| TURKCELL ILETISIM HIZMETLERI AS                                              | TURKCELL ILETISIM HIZMET SR UNSECURED 144A 01/30 7.45      | CUSIP: 900111AC9<br>LEI: 7890003EX1LTLS2FFL84 | Long             | DBT              | CORP              | TR        |     200000 | PA      | $202748.84    | 0.34%             | 2030-01-24      | Fixed         | 7.45%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD PLN BOUGHT USD 20260422                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $527.40       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD KZT BOUGHT USD 20260610                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KZ        |          1 | NC      | $-2343.68     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT COP SOLD USD 20260408                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $5827.06      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ARGENTINA GOVT                                                               | REPUBLIC OF ARGENTINA SR UNSECURED 07/35 VAR               | CUSIP: 040114HT0<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |     800000 | PA      | $580000.00    | 0.98%             | 2035-07-09      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD SGD BOUGHT USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | SG        |          1 | NC      | $120.82       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PERU GOVT                                                                    | REPUBLIC OF PERU SR UNSECURED 144A 08/37 6.9               | CUSIP: 715638AV4<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     200000 | PA      | $57150.49     | 0.10%             | 2037-08-12      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD BRL BOUGHT USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $-2127.36     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS CLP 4.59000 01/09/26-4Y* CME                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CL        |          1 | NC      | $5870.20      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD ILS BOUGHT USD 20260406                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $49.03        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT NGN SOLD USD 20260520                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | NG        |          1 | NC      | $1373.83      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT GBP SOLD USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |          1 | NC      | $-5196.99     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | IRS PLN 4.35250 10/23/25-10Y CME                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | PL        |          1 | NC      | $-3963.47     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD COP BOUGHT USD 20260916                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $-1908.53     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | OIS MXN TIIE1/7.35000 02/06/26-5Y* CME                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | MX        |          1 | NC      | $-8654.33     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| ANGOLA GOVT                                                                  | REPUBLIC OF ANGOLA SR UNSECURED 03/33 9.375                | CUSIP: 035198AK6<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |     200000 | PA      | $198106.02    | 0.33%             | 2033-03-31      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD COP BOUGHT USD 20260617                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $337.05       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BOUGHT EUR SOLD USD 20260402                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $11709.40     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| BOGOTA DISTRITO CAPITAL (AKA: SANTA FE DE BOGOTA DC)                         | SANTA FE DE BOGOTA D.C. SR UNSECURED 144A 11/35 13.140     | CUSIP: 097230AC0<br>LEI: 529900L83GNDA0PLHT11 | Long             | DBT              | NUSS              | CO        | 1102000000 | PA      | $295966.49    | 0.50%             | 2035-11-05      | Fixed         | 13.14%                | No            |                  2 | On Loan: No      |
| N/A                                                                          | RFR USD SOFR/3.25000 06/18/25-7Y CME                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-123671.68   | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD DOP BOUGHT USD 20260430                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-3594.58     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SOLD TRY BOUGHT USD 20260428                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $-3596.63     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | TURKEY EM SP DUB                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |          1 | NC      | $-69875.63    | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| ICBC STANDARD BANK PLC                                                       | ICBC STANDARD BANK PLC SR UNSECURED 144A 09/29 20          | CUSIP: 85312EER0<br>LEI: F01VVKN4DRF2NWKGQ283 | Long             | DBT              | CORP              | GB        | 3652000000 | PA      | $299486.40    | 0.50%             | 2029-09-18      | Fixed         | 20.00%                | No            |                  3 | On Loan: No      |
| UNITED STATES GOVT                                                           | US TREASURY N/B 08/35 4.25                                 | CUSIP: 91282CNT4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      40000 | PA      | $39856.25     | 0.07%             | 2035-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-26

**Name of Applicant:** PIMCO Flexible Emerging Markets Income Fund

**Signature:** /s/ Bijal Parikh

**Name of Signer:** Bijal Parikh

**Title:** Treasurer