# EDGAR Filing Document

**Accession Number:** 0001098605
**File Stem:** 0001099263-26-007290
**Filing Date:** 2026-5
**Character Count:** 912457
**Document Hash:** 21a98f99dafcfc9f6da28e777547a41d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001099263-26-007290.hdr.sgml**: 20260529

**ACCESSION NUMBER**: 0001099263-26-007290

**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**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PIMCO Managed Accounts Trust
- **CENTRAL INDEX KEY:** 0001098605

**ORGANIZATION NAME:**
- **EIN:** 066484967
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09721
- **FILM NUMBER:** 261043597

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AllianzGI Managed Accounts Trust
- **DATE OF NAME CHANGE:** 20130125

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ALLIANZ GLOBAL INVESTORS MANAGED ACCOUNTS TRUST
- **DATE OF NAME CHANGE:** 20090626

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ALLIANZ GLOBAL INVESTORS
- **DATE OF NAME CHANGE:** 20090626

## Series and Classes Contracts Data

### Fixed Income SHares: Series TE (Series ID: S000037220)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000114641 | Series TE    | FXIEX           |

## Nport-Ex

<br> Schedule of Investments PIMCO Fixed Income SHares: Series C 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 135.7% ¤** |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.2%**  |  |  |
| **American Airlines, Inc.**<br>5.918% (TSFR3M + 2.250%) due 04/20/2028 ~ | $2193 | $2177 |
| **Quikrete Holdings, Inc.**<br>5.918% (TSFR1M + 2.250%) due 02/10/2032 ~ | 1188 | 1187 |
| **SkyMiles IP Ltd.**<br>5.168% (TSFR3M + 1.500%) due 10/20/2028 ~ | 330 | 333 |
| Total Loan Participations and Assignments (Cost $3,699) |  | 3697 |
| **CORPORATE BONDS & NOTES 38.4%**  |  |  |
| **BANKING & FINANCE 26.0%**  |  |  |
| **Aircastle Ltd.** <br>5.950% due 02/15/2029 | 1600 | 1644 |
| **Ally Financial, Inc.** <br>6.184% due 07/26/2035 •  | 1600 | 1606 |
| **American Assets Trust LP**  |  |  |
| 3.375% due 02/01/2031  | 4000 | 3608 |
| 6.150% due 10/01/2034  | 4550 | 4515 |
| **Antares Holdings LP** <br>6.500% due 02/08/2029 | 2000 | 2003 |
| **ARES Capital Corp.** <br>2.875% due 06/15/2028 | 3300 | 3117 |
| **ARES Finance Co. II LLC** <br>3.250% due 06/15/2030 | 4950 | 4641 |
| **Athene Global Funding**  |  |  |
| 5.380% due 01/07/2030  | 3000 | 3007 |
| 5.526% due 07/11/2031  | 5000 | 5005 |
| **Aviation Capital Group LLC** <br>3.500% due 11/01/2027 | 1300 | 1277 |
| **Avolon Holdings Funding Ltd.**  |  |  |
| 2.528% due 11/18/2027  | 2696 | 2605 |
| 4.850% due 04/01/2033  | 5500 | 5272 |
| **Banco Bilbao Vizcaya Argentaria SA** <br>6.033% due 03/13/2035 •  | 5000 | 5198 |
| **Banco Santander SA**  |  |  |
| 5.538% due 03/14/2030 •  | 10000 | 10242 |
| 6.033% due 01/17/2035  | 2000 | 2092 |
| **Bank of America Corp.**  |  |  |
| 5.468% due 01/23/2035 •  | 25300 | 25834 |
| 5.511% due 01/24/2036 •  | 15000 | 15302 |
| **Barclays PLC**  |  |  |
| 2.894% due 11/24/2032 •  | 6900 | 6168 |
| 6.692% due 09/13/2034 •  | 4100 | 4438 |
| **BGC Group, Inc.** <br>6.600% due 06/10/2029 | 3750 | 3871 |
| **BNP Paribas SA**  |  |  |
| 1.904% due 09/30/2028 •  | 8000 | 7693 |
| 4.500% due 02/25/2030 •(e)  | 900 | 817 |
| 4.625% due 02/25/2031 •(e)(f)  | 1900 | 1693 |
| **Brookfield Finance, Inc.** <br>6.350% due 01/05/2034 | 2500 | 2651 |
| **CaixaBank SA**  |  |  |
| 6.037% due 06/15/2035 •  | 3000 | 3126 |
| 6.840% due 09/13/2034 •  | 5000 | 5448 |
| **Cantor Fitzgerald LP** <br>7.200% due 12/12/2028 | 8700 | 9042 |
| **Capital One Financial Corp.** <br>7.964% due 11/02/2034 •  | 3000 | 3443 |
| **CI Financial Corp.**  |  |  |
| 3.200% due 12/17/2030  | 3200 | 2849 |
| 4.625% due 12/12/2031  | 1500 | 1737 |
| **Citadel Finance LLC** <br>5.900% due 02/10/2030 | $3000 | 3016 |
| **Citadel LP** <br>6.375% due 01/23/2032 | 3000 | 3111 |
| **Citadel Securities Global Holdings LLC** <br>5.500% due 06/18/2030 | 2500 | 2541 |
| **Citigroup, Inc.** <br>3.785% due 03/17/2033 •  | 2000 | 1877 |
| **Cooperatieve Rabobank UA** <br>5.710% due 01/21/2033 • | 3500 | 3638 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series C (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Corebridge Global Funding** <br>4.508% (SOFRRATE + 0.860%) due 12/15/2028 ~ | 7600 | 7589 |
| **Credit Agricole SA** <br>5.862% due 01/09/2036 •  | 3000 | 3092 |
| **Credit Suisse AG AT1 Claim** | 10000 | 3500 |
| **Crown Castle, Inc.**  |  |  |
| 4.300% due 02/15/2029  | 3000 | 2965 |
| 5.200% due 09/01/2034  | 6000 | 5935 |
| **Deloitte LLP**  |  |  |
| 5.690% due 01/30/2037 «(h)  | 700 | 693 |
| 5.790% due 01/30/2040 «(h)  | 1200 | 1178 |
| **Deutsche Bank AG**  |  |  |
| 3.729% due 01/14/2032 •  | 1200 | 1116 |
| 6.819% due 11/20/2029 •  | 6000 | 6301 |
| **Fairfax Financial Holdings Ltd.**  |  |  |
| 4.230% due 06/14/2029  | 300 | 218 |
| 5.750% due 05/20/2035  | $4000 | 4102 |
| 6.500% due 05/20/2055  | 2100 | 2157 |
| **First American Financial Corp.** <br>4.000% due 05/15/2030 | 3850 | 3675 |
| **Ford Motor Credit Co. LLC**  |  |  |
| 2.700% due 08/10/2026  | 400 | 397 |
| 4.950% due 05/28/2027  | 5000 | 5000 |
| 6.125% due 03/08/2034  | 4150 | 4112 |
| **Freedom Mortgage Holdings LLC** <br>8.375% due 04/01/2032 | 4700 | 4628 |
| **GA Global Funding Trust** <br>5.900% due 01/13/2035 | 4900 | 4866 |
| **Global Atlantic Fin Co.** <br>3.125% due 06/15/2031 | 1200 | 1052 |
| **GLP Capital LP/GLP Financing II, Inc.**  |  |  |
| 4.000% due 01/15/2030  | 3278 | 3148 |
| 5.300% due 01/15/2029  | 3150 | 3187 |
| 6.250% due 09/15/2054  | 2500 | 2428 |
| **Goldman Sachs Group, Inc.**  |  |  |
| 5.536% due 01/28/2036 •  | 15000 | 15254 |
| 5.851% due 04/25/2035 •  | 19700 | 20449 |
| **Golub Capital BDC, Inc.**  |  |  |
| 2.050% due 02/15/2027  | 4000 | 3876 |
| 6.000% due 07/15/2029  | 1000 | 997 |
| **Golub Capital Private Credit Fund** <br>5.875% due 05/01/2030 | 1500 | 1473 |
| **Host Hotels & Resorts LP** <br>5.500% due 04/15/2035 | 7650 | 7594 |
| **HSBC Holdings PLC** <br>5.875% due 09/28/2026 •(e)(f) | 11800 | 15589 |
| **Hudson Pacific Properties LP**  |  |  |
| 3.250% due 01/15/2030  | $100 | 81 |
| 3.950% due 11/01/2027  | 100 | 94 |
| 4.650% due 04/01/2029  | 400 | 342 |
| 5.950% due 02/15/2028  | 200 | 190 |
| **Invitation Homes Operating Partnership LP** <br>5.450% due 08/15/2030 | 5000 | 5080 |
| **JPMorgan Chase & Co.**  |  |  |
| 5.294% due 07/22/2035 •  | 4000 | 4051 |
| 5.350% due 06/01/2034 •  | 17000 | 17353 |
| 5.766% due 04/22/2035 •  | 4900 | 5105 |
| **KBC Group NV** <br>6.324% due 09/21/2034 •  | 3000 | 3211 |
| **Kilroy Realty LP**  |  |  |
| 3.050% due 02/15/2030  | 3000 | 2736 |
| 4.750% due 12/15/2028  | 400 | 397 |
| **KKR Financial Holdings LLC** <br>5.400% due 05/23/2033 | 9000 | 8505 |
| **Liberty Mutual Group, Inc.** <br>4.300% due 02/01/2061 | 2000 | 1252 |
| **Maple Grove Funding Trust I** <br>4.161% due 08/15/2051 | 8000 | 5800 |
| **Massachusetts Mutual Life Insurance Co.** <br>5.077% due 02/15/2069 •  | 4500 | 4005 |
| **Morgan Stanley**  |  |  |
| 0.000% due 04/02/2032 þ(h)  | 7000 | 5216 |
| 5.320% due 07/19/2035 •  | 2500 | 2510 |
| 5.587% due 01/18/2036 •  | 10000 | 10199 |
| 5.831% due 04/19/2035 •  | 14300 | 14851 |
| **Nissan Motor Acceptance Co. LLC**  |  |  |
| 2.750% due 03/09/2028  | 3000 | 2807 |
| 5.698% (SOFRINDX + 2.050%) due 09/13/2027 ~  | 200 | 198 |
| **NMI Holdings, Inc.** <br>6.000% due 08/15/2029 | 6000 | 6141 |
| **Nordea Bank Abp** <br>3.750% due 03/01/2029 •(e)(f) | 5850 | 5429 |
| **Prologis LP** <br>4.200% due 02/15/2033 | 3000 | 2150 |
| **Sammons Financial Group, Inc.**  |  |  |
| 3.350% due 04/16/2031  | $3000 | 2756 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series C (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 6.875% due 04/15/2034  | 5800 | 6150 |
| **Sixth Street Lending Partners** <br>5.750% due 01/15/2030 | 3100 | 3055 |
| **SMBC Aviation Capital Finance DAC**  |  |  |
| 5.250% due 11/26/2035  | 12500 | 12212 |
| 5.450% due 05/03/2028  | 3600 | 3651 |
| **Stellantis Finance U.S., Inc.** <br>6.450% due 03/18/2035 | 1700 | 1676 |
| **Synchrony Financial** <br>3.950% due 12/01/2027 | 1100 | 1087 |
| **Tesco Property Finance 3 PLC** <br>5.744% due 04/13/2040 | 553 | 718 |
| **Tesco Property Finance 4 PLC** <br>5.801% due 10/13/2040 | 6142 | 7967 |
| **Tesco Property Finance 6 PLC** <br>5.411% due 07/13/2044 | 169 | 211 |
| **UBS Group AG** <br>6.301% due 09/22/2034 •  | $10326 | 10982 |
| **Ventas Realty LP** <br>5.000% due 01/15/2035 | 3000 | 2949 |
| **VICI Properties LP** <br>5.750% due 04/01/2034 | 3000 | 3029 |
| **Wells Fargo & Co.**  |  |  |
| 3.350% due 03/02/2033 •  | 8000 | 7348 |
| 5.211% due 12/03/2035 •  | 20000 | 19920 |
| 5.499% due 01/23/2035 •(i)  | 15400 | 15681 |
|  |  | 507793 |
| **INDUSTRIALS 8.9%**  |  |  |
| **Adventist Health System** <br>4.742% due 12/01/2030 | 1000 | 991 |
| **Air Canada Pass-Through Trust** <br>3.750% due 06/15/2029 | 1626 | 1607 |
| **Alaska Airlines Pass-Through Trust** <br>4.800% due 02/15/2029 | 1934 | 1936 |
| **American Airlines Pass-Through Trust**  |  |  |
| 3.200% due 12/15/2029  | 1578 | 1539 |
| 3.375% due 11/01/2028  | 4066 | 4017 |
| 3.575% due 07/15/2029  | 1480 | 1461 |
| 3.650% due 02/15/2029  | 1986 | 1934 |
| 3.700% due 04/01/2028  | 1822 | 1816 |
| **American Airlines, Inc./AAdvantage Loyalty IP Ltd.**  |  |  |
| 5.500% due 04/20/2026  | 342 | 342 |
| 5.750% due 04/20/2029  | 1700 | 1692 |
| **Bayer U.S. Finance II LLC** <br>4.375% due 12/15/2028 | 6900 | 6832 |
| **Bayer U.S. Finance LLC** <br>6.875% due 11/21/2053 | 3500 | 3691 |
| **Beignet Investor LLC** <br>6.581% due 05/30/2049 | 11800 | 12141 |
| **Boeing Co.**  |  |  |
| 6.298% due 05/01/2029  | 2000 | 2100 |
| 6.528% due 05/01/2034  | 1900 | 2070 |
| 6.858% due 05/01/2054  | 8200 | 9032 |
| **British Airways Pass-Through Trust** <br>3.300% due 06/15/2034 | 2105 | 1995 |
| **Charter Communications Operating LLC/Charter Communications Operating Capital** <br>5.125% due 07/01/2049 | 2000 | 1537 |
| **Conagra Brands, Inc.** <br>5.750% due 08/01/2035 (i) | 3100 | 3109 |
| **DR Horton, Inc.** <br>5.000% due 10/15/2034 | 5500 | 5430 |
| **Elevance Health, Inc.** <br>5.200% due 02/15/2035 | 3000 | 2996 |
| **Energy Transfer LP**  |  |  |
| 5.600% due 09/01/2034  | 4100 | 4180 |
| 5.700% due 04/01/2035  | 4000 | 4110 |
| 6.200% due 04/01/2055  | 4000 | 3890 |
| **Eni SpA** <br>5.500% due 05/15/2034 | 1600 | 1640 |
| **Fidelity National Information Services, Inc.** <br>4.450% due 03/10/2028 | 6000 | 5985 |
| **Fraport AG Frankfurt Airport Services Worldwide** <br>1.875% due 03/31/2028 | 2600 | 2925 |
| **Greensaif Pipelines Bidco SARL** <br>6.103% due 08/23/2042 | $4500 | 4483 |
| **HCA, Inc.** <br>5.450% due 09/15/2034 | 2750 | 2777 |
| **Imperial Brands Finance PLC** <br>3.875% due 07/26/2029 | 4000 | 3906 |
| **Kraft Heinz Foods Co.** <br>4.375% due 06/01/2046 | 5000 | 3913 |
| **Las Vegas Sands Corp.** <br>3.500% due 08/18/2026 | 4750 | 4735 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series C (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **MSCI, Inc.**  |  |  |
| 3.250% due 08/15/2033  | 300 | 261 |
| 3.625% due 09/01/2030  | 200 | 189 |
| **NetApp, Inc.** <br>5.700% due 03/17/2035 | 3400 | 3465 |
| **Nissan Motor Co. Ltd.**  |  |  |
| 4.345% due 09/17/2027  | 2700 | 2628 |
| 4.810% due 09/17/2030  | 700 | 636 |
| **Oracle Corp.** <br>5.500% due 08/03/2035 | 7500 | 7164 |
| **Quikrete Holdings, Inc.**  |  |  |
| 6.375% due 03/01/2032  | 1600 | 1624 |
| 6.750% due 03/01/2033  | 500 | 508 |
| **Smith & Nephew PLC** <br>5.400% due 03/20/2034 | 4000 | 4059 |
| **Spirit Airlines Pass-Through Trust** <br>4.100% due 10/01/2029 | 327 | 321 |
| **Tennessee Gas Pipeline Co. LLC** <br>2.900% due 03/01/2030 | 3800 | 3562 |
| **United Airlines Pass-Through Trust**  |  |  |
| 2.700% due 11/01/2033  | 3657 | 3369 |
| 2.875% due 04/07/2030  | 1265 | 1221 |
| 3.450% due 01/07/2030  | 1241 | 1207 |
| 4.000% due 10/11/2027  | 751 | 750 |
| 5.875% due 04/15/2029  | 3940 | 4008 |
| **United Airlines, Inc.** <br>4.625% due 04/15/2029 | 1000 | 982 |
| **UnitedHealth Group, Inc.** <br>5.150% due 07/15/2034 | 5000 | 5044 |
| **Vale Overseas Ltd.** <br>6.400% due 06/28/2054 | 2000 | 2027 |
| **Venture Global Calcasieu Pass LLC** <br>4.125% due 08/15/2031 | 4800 | 4455 |
| **Venture Global LNG, Inc.** <br>7.000% due 01/15/2030 | 6800 | 6947 |
| **Viper Energy Partners LLC** <br>5.700% due 08/01/2035 | 1200 | 1210 |
| **Vmed O2 U.K. Financing I PLC** <br>4.750% due 07/15/2031 | 6000 | 5169 |
| **Volkswagen Group of America Finance LLC** <br>3.750% due 05/13/2030 | 1300 | 1241 |
| **Woodside Finance Ltd.** <br>5.700% due 05/19/2032 | 1400 | 1452 |
|  |  | 174311 |
| **UTILITIES 3.5%**  |  |  |
| **AES Corp.** <br>5.800% due 03/15/2032 | 6250 | 6288 |
| **Black Hills Corp.** <br>6.000% due 01/15/2035 | 3000 | 3116 |
| **Cleveland Electric Illuminating Co.** <br>4.550% due 11/15/2030 | 2500 | 2472 |
| **Dominion Energy, Inc.** <br>3.300% due 04/15/2041 | 2500 | 1856 |
| **E.ON International Finance BV** <br>6.650% due 04/30/2038 | 1300 | 1423 |
| **Edison International** <br>5.750% due 06/15/2027 | 1050 | 1058 |
| **Electricite de France SA** <br>6.000% due 04/22/2064 | 5500 | 5241 |
| **NiSource, Inc.** <br>1.700% due 02/15/2031 | 8200 | 7130 |
| **ONEOK, Inc.**  |  |  |
| 4.750% due 10/15/2031  | 4600 | 4552 |
| 5.050% due 11/01/2034  | 4700 | 4573 |
| **Pacific Gas & Electric Co.**  |  |  |
| 3.300% due 12/01/2027  | 2800 | 2743 |
| 3.750% due 07/01/2028  | 1800 | 1769 |
| 3.950% due 12/01/2047  | 2400 | 1749 |
| 4.300% due 03/15/2045  | 700 | 547 |
| 4.500% due 07/01/2040  | 1800 | 1537 |
| 4.550% due 07/01/2030  | 3400 | 3355 |
| 5.250% due 03/01/2052  | 2000 | 1704 |
| 6.700% due 04/01/2053  | 5000 | 5181 |
| **PacifiCorp** <br>4.150% due 02/15/2050 | 1800 | 1316 |
| **Puget Energy, Inc.** <br>5.725% due 03/15/2035 | 2500 | 2521 |
| **Southern California Edison Co.**  |  |  |
| 4.000% due 04/01/2047  | 3700 | 2752 |
| 4.650% due 10/01/2043  | 200 | 168 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series C (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Toledo Edison Co.** <br>2.650% due 05/01/2028 | 4584 | 4355 |
|  |  | 67406 |
| Total Corporate Bonds & Notes (Cost $756,097) |  | 749510 |
| **MUNICIPAL BONDS & NOTES 0.6%**  |  |  |
| **CALIFORNIA 0.3%**  |  |  |
| **Golden State, California Tobacco Securitization Corp. Revenue Bonds, Series 2021**  |  |  |
| 3.714% due 06/01/2041  | 1200 | 952 |
| 3.850% due 06/01/2050  | 2815 | 2574 |
| **Golden State, California Tobacco Securitization Corp. Revenue Notes, Series 2021** <br>2.587% due 06/01/2029 | 2515 | 2376 |
|  |  | 5902 |
| **ILLINOIS 0.0%**  |  |  |
| **Illinois State General Obligation Bonds, (BABs), Series 2010** <br>7.350% due 07/01/2035 | 782 | 841 |
| **WEST VIRGINIA 0.3%**  |  |  |
| **Tobacco Settlement Finance Authority, West Virginia Revenue Bonds, Series 2020** <br>4.875% due 06/01/2049 | 5930 | 5821 |
| Total Municipal Bonds & Notes (Cost $12,638) |  | 12564 |
| **U.S. GOVERNMENT AGENCIES 47.2%**  |  |  |
| **Federal Home Loan Mortgage Corp.**  |  |  |
| 4.000% due 09/01/2048 | 195 | 187 |
| 4.500% due 06/01/2053 - 10/01/2053 | 7788 | 7542 |
| 5.000% due 07/01/2053 - 01/01/2054 | 68023 | 67347 |
| 5.500% due 10/01/2053 - 01/01/2056 | 19668 | 20070 |
| 6.500% due 01/01/2038 | 11 | 11 |
| **Federal National Mortgage Association**  |  |  |
| 4.500% due 08/01/2039 - 07/01/2053 | 18726 | 18149 |
| 5.000% due 11/01/2053 | 17759 | 17597 |
| 5.500% due 11/01/2053 - 12/01/2055 | 10950 | 11150 |
| 6.500% due 02/01/2054 | 7375 | 7650 |
| **Government National Mortgage Association, TBA**  |  |  |
| 2.500% due 05/01/2056 | 77400 | 66558 |
| 6.000% due 04/01/2056 - 05/01/2056 | 102000 | 103624 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 4.500% due 05/01/2056 - 06/01/2056 | 106384 | 102569 |
| 5.000% due 05/01/2056 | 76700 | 75555 |
| 5.500% due 05/01/2056 - 06/01/2056 | 168400 | 168873 |
| 6.000% due 06/01/2056 - 07/01/2056 | 201000 | 204566 |
| 6.500% due 05/01/2056 | 47000 | 48587 |
| Total U.S. Government Agencies (Cost $920,203) |  | 920035 |
| **U.S. TREASURY OBLIGATIONS 21.3%**  |  |  |
| **U.S. Treasury Bonds**  |  |  |
| 4.625% due 02/15/2046 (i) | 48000 | 46279 |
| 4.625% due 02/15/2055 (m) | 30000 | 28620 |
| 4.750% due 08/15/2055 | 46900 | 45713 |
| **U.S. Treasury Inflation Protected Securities (d)** |  |  |
| 0.500% due 01/15/2028 (k) | 65922 | 65429 |
| 1.750% due 01/15/2034  | 128121 | 127629 |
| 2.125% due 01/15/2035  | 99237 | 100945 |
| Total U.S. Treasury Obligations (Cost $412,183) |  | 414615 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 7.8%**  |  |  |
| **Angel Oak Mortgage Trust** <br>1.581% due 09/25/2066 ~ | 1698 | 1442 |
| **Atrium Hotel Portfolio Trust** <br>4.900% due 12/15/2036 •  | 1486 | 1468 |
| **Banc of America Funding Trust** <br>4.751% due 01/20/2047 ~ | 14 | 12 |
| **Bank** <br>5.000% due 12/25/2067 | 5000 | 4968 |
| **Bank5**  |  |  |
| 5.769% due 06/15/2057  | 2835 | 2925 |
| 5.788% due 06/15/2057  | 5700 | 5874 |
| **Bear Stearns ALT-A Trust** <br>4.375% due 02/25/2036 ~ | 208 | 145 |
| **Bear Stearns ARM Trust**  |  |  |
| 4.000% due 05/25/2034 ~  | 6 | 5 |
| 5.599% due 10/25/2033 ~  | 4 | 4 |
| **Benchmark Mortgage Trust** <br>6.363% due 07/15/2056 ~ | 6500 | 6726 |
| **BMO Mortgage Trust**  |  |  |
| 5.462% due 02/15/2057  | 3500 | 3562 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series C (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.857% due 02/15/2057  | 15350 | 15859 |
| **BSST Mortgage Trust** <br>4.973% due 02/15/2037 •  | 300 | 266 |
| **BX Commercial Mortgage Trust**  |  |  |
| 4.663% due 01/17/2039 •  | 4920 | 4920 |
| 4.708% due 12/15/2038 •  | 3133 | 3132 |
| **CHL Mortgage Pass-Through Trust** <br>4.433% due 03/25/2035 •  | 38 | 35 |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 5.750% due 09/25/2035 •  | 16 | 17 |
| 6.190% due 09/25/2035 •  | 6 | 6 |
| **COMM Mortgage Trust** <br>5.087% due 12/15/2038 •  | 7974 | 7903 |
| **Countrywide Alternative Loan Trust**  |  |  |
| 4.193% due 05/25/2036 •  | 22 | 20 |
| 6.000% due 08/25/2034  | 1585 | 1581 |
| **DC Commercial Mortgage Trust** <br>6.314% due 09/12/2040 | 1100 | 1122 |
| **DSLA Mortgage Loan Trust**  |  |  |
| 4.311% due 08/19/2045 •  | 252 | 228 |
| 4.909% due 07/19/2044 ~  | 137 | 131 |
| **Eurosail-U.K. PLC** <br>4.815% due 06/13/2045 •  | 242 | 321 |
| **GreenPoint MTA Trust** <br>4.253% due 06/25/2045 •  | $546 | 437 |
| **GS Mortgage Securities Corp. Trust** <br>4.920% due 07/15/2035 •  | 1298 | 857 |
| **GSR Mortgage Loan Trust**  |  |  |
| 4.860% due 09/25/2035 ~  | 27 | 26 |
| 5.270% due 03/25/2033 •  | 2 | 2 |
| 5.986% due 09/25/2035 ~  | 1 | 1 |
| **HarborView Mortgage Loan Trust**  |  |  |
| 4.171% due 01/19/2038 •  | 56 | 50 |
| 4.470% due 06/20/2035 •  | 92 | 87 |
| **HomeBanc Mortgage Trust** <br>4.313% due 01/25/2036 •  | 97 | 95 |
| **JP Morgan Chase Commercial Mortgage Securities Trust**  |  |  |
| 4.519% due 04/15/2037 •  | 939 | 930 |
| 5.137% due 12/15/2036 •  | 100 | 46 |
| **JP Morgan Mortgage Trust**  |  |  |
| 5.132% due 02/25/2035 ~  | 3 | 3 |
| 5.681% due 11/25/2033 ~  | 3 | 3 |
| 5.818% due 07/25/2035 ~  | 43 | 43 |
| **Legacy Mortgage Asset Trust** <br>5.892% due 10/25/2066 þ | 2006 | 2008 |
| **LUX** <br>6.363% due 08/15/2040 •  | 4500 | 4528 |
| **MFA Trust**  |  |  |
| 1.381% due 04/25/2065 ~  | 359 | 353 |
| 1.947% due 04/25/2065 ~  | 365 | 359 |
| **Morgan Stanley Capital I Trust** <br>2.428% due 04/05/2042 ~ | 5000 | 4432 |
| **Morgan Stanley Mortgage Loan Trust** <br>4.804% due 08/25/2034 ~ | 101 | 97 |
| **Morgan Stanley Residential Mortgage Loan Trust**  |  |  |
| 5.016% due 09/25/2070 ~  | 1399 | 1397 |
| 5.021% due 11/25/2070 þ  | 2847 | 2842 |
| 5.044% due 07/25/2069 ~  | 3041 | 3034 |
| **Natixis Commercial Mortgage Securities Trust** <br>4.887% due 08/15/2038 •  | 1114 | 1094 |
| **OBX Trust**  |  |  |
| 4.940% due 09/25/2062 þ  | 4799 | 4770 |
| 6.567% due 06/25/2063 þ  | 1238 | 1239 |
| **Project Cashmere** <br>4.543% due 12/30/2057 «(a) | 54300 | 37464 |
| **PRPM LLC** <br>4.500% due 06/25/2065 þ | $3540 | 3467 |
| **RALI Trust** <br>4.213% due 04/25/2046 •  | 700 | 171 |
| **SMRT Commercial Mortgage Trust** <br>4.673% due 01/15/2039 •  | 2900 | 2899 |
| **Structured Adjustable Rate Mortgage Loan Trust** <br>5.939% due 02/25/2034 ~ | 7 | 6 |
| **Structured Asset Mortgage Investments II Trust** <br>4.413% due 09/25/2045 •  | 120 | 114 |
| **Towd Point Mortgage Trust**  |  |  |
| 4.103% due 01/25/2066 ~  | 2055 | 2029 |
| 4.793% due 10/25/2059 •  | 1543 | 1544 |
| **Verus Securitization Trust**  |  |  |
| 4.858% due 12/25/2070 þ  | 4105 | 4093 |
| 6.665% due 09/25/2068 þ  | 4558 | 4580 |
| **WaMu Mortgage Pass-Through Certificates Trust**  |  |  |
| 4.413% due 01/25/2045 •  | 12 | 12 |
| 4.533% due 11/25/2034 •  | 221 | 217 |
| 4.859% due 02/25/2046 •  | 205 | 191 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series C (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Warwick Finance Residential Mortgages Number Three PLC** <br>4.695% due 12/21/2049 ~•  | 252 | 333 |
| **Wells Fargo Commercial Mortgage Trust** <br>3.862% due 12/15/2039 | $2556 | 2469 |
| **Wells Fargo Mortgage-Backed Securities Trust** <br>6.180% due 10/25/2037 ~ | 1014 | 1002 |
| Total Non-Agency Mortgage-Backed Securities (Cost $150,870) |  | 151996 |
| **ASSET-BACKED SECURITIES 12.8%**  |  |  |
| **AUTOMOBILE ABS OTHER 0.2%**  |  |  |
| **Santander Drive Auto Receivables Trust**  |  |  |
| 5.980% due 04/16/2029  | 2300 | 2323 |
| 6.400% due 03/17/2031  | 2300 | 2364 |
|  |  | 4687 |
| **AUTOMOBILE SEQUENTIAL 1.3%**  |  |  |
| **Avis Budget Rental Car Funding AESOP LLC** <br>6.020% due 02/20/2030 | 7500 | 7787 |
| **Octane Receivables Trust** <br>6.440% due 03/20/2029 | 378 | 379 |
| **Santander Drive Auto Receivables Trust** <br>5.930% due 07/17/2028 | 270 | 270 |
| **Upgrade Auto Receivables Trust**  |  |  |
| 4.590% due 10/15/2031  | 8067 | 8001 |
| 4.600% due 01/15/2031  | 8500 | 8486 |
|  |  | 24923 |
| **CMBS OTHER 0.8%**  |  |  |
| **Arbor Realty Commercial Real Estate Notes Ltd.** <br>5.137% due 11/15/2036 •  | 2319 | 2325 |
| **FS Rialto Issuer LLC** <br>0.000% due 01/19/2044 •  | 3800 | 3800 |
| **LRECS LLC** <br>5.177% due 08/19/2043 •  | 7600 | 7587 |
| **Starwood Ltd.** <br>4.994% due 04/18/2038 •  | 809 | 809 |
|  |  | 14521 |
| **HOME EQUITY OTHER 1.0%**  |  |  |
| **ACE Securities Corp. Home Equity Loan Trust** <br>4.573% due 04/25/2034 •  | 175 | 166 |
| **Ameriquest Mortgage Securities, Inc. Asset-Backed Pass-Through Certificates**  |  |  |
| 4.708% due 01/25/2035 •  | 557 | 583 |
| 4.813% due 01/25/2035 •  | 1269 | 1256 |
| **Centex Home Equity Loan Trust** <br>4.753% due 10/25/2035 •  | 1451 | 1451 |
| **GSAMP Trust** <br>4.573% due 07/25/2045 •  | 70 | 73 |
| **Merrill Lynch Mortgage Investors Trust** <br>4.033% due 02/25/2037 •  | 130 | 36 |
| **Morgan Stanley ABS Capital I, Inc. Trust** <br>5.043% due 07/25/2037 •  | 7000 | 6260 |
| **RCKT Mortgage Trust**  |  |  |
| 5.582% due 12/25/2044 þ  | 1721 | 1729 |
| 6.808% due 09/25/2043 ~  | 394 | 396 |
| **Residential Asset Securities Corporation Trust**  |  |  |
| 4.513% due 01/25/2036 •  | 870 | 866 |
| 4.753% due 08/25/2035 •  | 1206 | 1202 |
| **Securitized Asset-Backed Receivables LLC Trust** <br>4.573% due 02/25/2034 •  | 4174 | 4425 |
| **Structured Asset Investment Loan Trust** <br>4.498% due 03/25/2034 •  | 864 | 925 |
|  |  | 19368 |
| **HOME EQUITY SEQUENTIAL 0.0%**  |  |  |
| **Morgan Stanley Mortgage Loan Trust** <br>4.513% due 04/25/2037 •  | 83 | 22 |
| **MANUFACTURING HOUSE SEQUENTIAL 0.0%**  |  |  |
| **Conseco Finance Corp.** <br>6.530% due 02/01/2031 ~ | 461 | 415 |
| **OTHER ABS 9.5%**  |  |  |
| **AASET MT-1 Ltd.** <br>5.522% due 02/16/2050 | 4732 | 4730 |
| **AASET Trust** <br>2.798% due 01/15/2047 | 4126 | 3904 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series C (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Anchorage Capital CLO 28 Ltd.** <br>4.829% due 04/20/2037 •  | 3900 | 3891 |
| **Birch Grove CLO Ltd.** <br>5.258% due 07/17/2037 •  | 6200 | 6216 |
| **BlueMountain EUR CLO DAC** <br>2.846% due 04/15/2034 •  | 5998 | 6923 |
| **BlueMountain Fuji EUR CLO V DAC** <br>2.926% due 01/15/2033 •  | 4354 | 5037 |
| **BNPP AM Euro CLO DAC** <br>2.616% due 04/15/2031 •  | 1548 | 1792 |
| **Cairn CLO VII DAC** <br>2.696% due 01/31/2030 •  | 2493 | 2886 |
| **Capital Four CLO IV DAC** <br>3.635% due 04/15/2038 •  | 1000 | 1157 |
| **Capital Four U.S. CLO I Ltd.** <br>4.805% due 01/18/2035 •  | $1300 | 1298 |
| **CARS-DB7 LP** <br>5.750% due 09/15/2053 | 6545 | 6574 |
| **Castlelake Aircraft Structured Trust** <br>5.087% due 11/15/2050 | 10711 | 10591 |
| **DataBank Issuer II LLC** <br>5.180% due 09/27/2055 | 3000 | 2916 |
| **Domino's Pizza Master Issuer LLC** <br>5.217% due 07/25/2055 | 11500 | 11468 |
| **ECAF I Ltd.**  |  |  |
| 3.473% due 06/15/2040  | 41 | 37 |
| 4.947% due 06/15/2040  | 120 | 112 |
| **ECMC Group Student Loan Trust** <br>4.526% due 02/27/2068 •  | 3518 | 3501 |
| **Fortress Credit BSL XX Ltd.** <br>4.911% due 01/23/2037 •  | 1400 | 1401 |
| **Gallatin CLO VIII Ltd.** <br>5.024% due 07/15/2031 •  | 4125 | 4129 |
| **Harvest CLO XVI DAC** <br>3.336% due 10/15/2038 •  | 3100 | 3581 |
| **Hayfin Emerald CLO VI DAC** <br>3.266% due 10/15/2038 •  | 2500 | 2888 |
| **Home Partners of America Trust** <br>2.200% due 01/17/2041 | $2133 | 2005 |
| **MACH 1 Cayman Ltd.** <br>3.474% due 10/15/2039 | 366 | 363 |
| **Man GLG Euro CLO V DAC** <br>2.840% due 12/15/2031 •  | 157 | 182 |
| **METAL LLC** <br>4.581% due 10/15/2042 | $1409 | 986 |
| **Mountain View CLO XIV Ltd.** <br>6.813% due 10/15/2034 •  | 3300 | 3304 |
| **Navesink CLO 2 Ltd.** <br>4.862% due 01/15/2036 •  | 1600 | 1600 |
| **Navient Private Education Refi Loan Trust** <br>2.600% due 08/15/2068 | 1256 | 1215 |
| **Nelnet Student Loan Trust**  |  |  |
| 4.650% due 08/20/2054  | 9280 | 9173 |
| 5.023% due 06/22/2065 •  | 2529 | 2550 |
| **OCP Euro CLO DAC** <br>3.256% due 10/20/2039 •  | 6300 | 7279 |
| **Pagaya AI Debt Trust** <br>5.373% due 01/17/2033 | $595 | 597 |
| **Progress Residential Trust** <br>2.393% due 12/17/2040 | 1723 | 1632 |
| **Providus CLO V DAC** <br>3.214% due 11/15/2039 •  | 2800 | 3234 |
| **QTS Issuer ABS II LLC** <br>5.044% due 10/05/2055 | $2500 | 2453 |
| **Slam Ltd.** <br>5.807% due 05/15/2050 | 6841 | 6932 |
| **SMB Private Education Loan Trust** <br>5.472% due 10/16/2056 •  | 1317 | 1345 |
| **Stonepeak ABS** <br>2.301% due 02/28/2033 | 493 | 482 |
| **Switch ABS Issuer LLC** <br>5.121% due 10/25/2055 | 14800 | 14480 |
| **Symphony CLO 52 Ltd.** <br>4.815% due 01/20/2036 •  | 2700 | 2700 |
| **Symphony CLO XXIX Ltd.** <br>4.822% due 10/15/2035 •  | 18800 | 18776 |
| **Symphony CLO XXXII Ltd.** <br>4.821% due 10/23/2035 | 6600 | 6601 |
| **Tikehau CLO V DAC** <br>3.216% due 10/15/2038 •  | 2750 | 3178 |
| **Toro European CLO 6 DAC** <br>2.951% due 01/12/2032 •  | 1591 | 1840 |
| **VB-S1 Issuer LLC**  |  |  |
| 3.706% due 02/15/2057  | $2000 | 1835 |
| 4.693% due 03/15/2056  | 4200 | 4132 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series C (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Wave LLC** <br>3.597% due 09/15/2044 | 1005 | 986 |
|  |  | 184892 |
| Total Asset-Backed Securities (Cost $250,385) |  | 248828 |
| **SOVEREIGN ISSUES 6.0%**  |  |  |
| **Canada Government Bonds** <br>3.250% due 12/01/2034 | 12200 | 8680 |
| **Eagle Funding Luxco SARL** <br>5.500% due 08/17/2030 | $23100 | 23250 |
| **Mexico Government International Bonds**  |  |  |
| 6.875% due 05/13/2037  | 4000 | 4200 |
| 7.375% due 05/13/2055  | 1700 | 1790 |
| **Peru Government International Bonds**  |  |  |
| 5.400% due 08/12/2034  | 14900 | 4068 |
| 6.150% due 08/12/2032  | 23000 | 6912 |
| 6.850% due 08/12/2035  | 98600 | 28932 |
| **Province of Quebec**  |  |  |
| 3.600% due 09/01/2033  | 600 | 429 |
| 4.450% due 09/01/2034  | 5500 | 4130 |
| **Republic of South Africa Government Bonds** <br>8.875% due 02/28/2035 | 606300 | 35214 |
| Total Sovereign Issues (Cost $112,097) |  | 117605 |
|  | SHARES |  |
| **PREFERRED SECURITIES 1.3%**  |  |  |
| **BANKING & FINANCE 1.3%**  |  |  |
| **Capital Farm Credit ACA**<br>8.393% due 06/15/2026 •(e) | 4700000 | 4687 |
| **CoBank ACB**  |  |  |
| 4.250% due 01/01/2027 •(e) | 2000000 | 1968 |
| 6.450% due 10/01/2027 •(e) | 5500000 | 5544 |
| **Compeer Financial ACA**<br>7.875% due 02/15/2031 •(e) | 9000000 | 9222 |
| **Farm Credit Bank of Texas**<br>7.750% due 06/15/2029 •(e) | 2700000 | 2823 |
| **MetLife Capital Trust IV**<br>7.875% due 12/15/2067 | 600000 | 649 |
| Total Preferred Securities (Cost $24,571) |  | 24893 |
| **SHORT-TERM INSTRUMENTS 0.1%**  |  |  |
| **MUTUAL FUNDS 0.1%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class** <br> 3.740% (g) | 2459595 | 2460 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **U.S. TREASURY BILLS 0.0%**  |  |  |
| 4.311% due 04/21/2026 - 05/26/2026 (b)(c)(m) | $658 | 656 |
| Total Short-Term Instruments (Cost $3,115) |  | 3116 |
| Total Investments in Securities (Cost $2,645,858) |  | 2646859 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 7.0%**  |  |  |
| **SHORT-TERM INSTRUMENTS 7.0%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 7.0%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 13977817 | 136130 |
| Total Short-Term Instruments (Cost $136,136) |  | 136130 |
| Total Investments in Affiliates (Cost $136,136) |  | 136130 |
| Total Investments 142.7% (Cost $2,781,994) |  | $2782989 |
| **Financial Derivative Instruments (j)(l) 0.3**%(Cost or Premiums, net $(653)) |  | 5903 |
| Other Assets and Liabilities, net (43.0)% |  | (838289) |
| Net Assets 100.0% |  | $1950603 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series C (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:**  | **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.** | **\* 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.** | **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 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).** | **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.** | **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.** | **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.** | **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.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** |
| **(b)** | **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.** | **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.** |
| **(c)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(d)** | **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.** | **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.** |
| **(e)** | **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.** | **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.** |
| **(f)** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** |
| **(g)** | **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.** | **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.** |
| **(h)** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** |
| Issuer Description | Issuer Description | Issuer Description | Coupon | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Acquisition<br>Date | Acquisition<br>Date | Acquisition<br>Date | Cost | Cost | Market<br>Value | Market<br>Value | Market Value<br>as Percentage<br>of Net Assets |
| Deloitte LLP | Deloitte LLP | Deloitte LLP | 5.690 | 01/30/2037 | 01/30/2037 | 01/30/2037 | 10/30/2024 | 10/30/2024 | 10/30/2024 | 700 | 700 | 693 | 693 | 0.04 |
| Deloitte LLP | Deloitte LLP | Deloitte LLP | 5.790 | 01/30/2040 | 01/30/2040 | 01/30/2040 | 10/30/2024 | 10/30/2024 | 10/30/2024 | 1200 | 1200 | 1178 | 1178 | 0.06 |
| Morgan Stanley | Morgan Stanley | Morgan Stanley | 0.000 | 04/02/2032 | 04/02/2032 | 04/02/2032 | 02/11/2020 | 02/11/2020 | 02/11/2020 | 6328 | 6328 | 5216 | 5216 | 0.27 |
|  |  |  |  |  |  |  |  |  | $ | 8228 | 8228 | 7087 | 0.52%  | 0.52%  |
| **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** | **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:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** |
| Counterparty | Counterparty | Counterparty | Borrowing Rate<sup>(1)</sup> | Borrowing Rate<sup>(1)</sup> | Settlement Date | Settlement Date | Settlement Date | Maturity 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 | Payable for<br>Reverse<br>Repurchase<br>Agreements |
| BRC | BRC | BRC | 3.250%  | 3.250%  | 03/20/2026 | 03/20/2026 | 03/20/2026 | 05/01/2026 | 05/01/2026 | 05/01/2026 | (2993) | (2993) | (2996) | (2996) |
|  |  |  | 3.550  | 3.550  | 12/12/2025 | 12/12/2025 | 12/12/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (9116) | (9116) | (9215) | (9215) |
| DEU | DEU | DEU | 3.650  | 3.650  | 03/31/2026 | 03/31/2026 | 03/31/2026 | 04/07/2026 | 04/07/2026 | 04/07/2026 | (4376) | (4376) | (4377) | (4377) |
| JPS | JPS | JPS | 1.250  | 1.250  | 03/26/2026 | 03/26/2026 | 03/26/2026 | 04/01/2026 | 04/01/2026 | 04/01/2026 | (9312) | (9312) | (9314) | (9314) |
|  |  |  | 1.490  | 1.490  | 03/27/2026 | 03/27/2026 | 03/27/2026 | 04/02/2026 | 04/02/2026 | 04/02/2026 | (3168) | (3168) | (3169) | (3169) |
|  |  |  | 3.660  | 3.660  | 04/01/2026 | 04/01/2026 | 04/01/2026 | 04/07/2026 | 04/07/2026 | 04/07/2026 | (6588) | (6588) | (6587) | (6587) |
| **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** |  |  |  |  |  |  |  |  |  |  | **(35658)** | **(35658)** |
| **(i)** | **Securities with an aggregate market value of $29,340 and cash of $100 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $29,340 and cash of $100 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $29,340 and cash of $100 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $29,340 and cash of $100 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $29,340 and cash of $100 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $29,340 and cash of $100 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $29,340 and cash of $100 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $29,340 and cash of $100 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $29,340 and cash of $100 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $29,340 and cash of $100 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $29,340 and cash of $100 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $29,340 and cash of $100 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $29,340 and cash of $100 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $29,340 and cash of $100 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 $(22374) at a weighted average interest rate of 2.946%. 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 $(22374) at a weighted average interest rate of 2.946%. 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 $(22374) at a weighted average interest rate of 2.946%. 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 $(22374) at a weighted average interest rate of 2.946%. 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 $(22374) at a weighted average interest rate of 2.946%. 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 $(22374) at a weighted average interest rate of 2.946%. 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 $(22374) at a weighted average interest rate of 2.946%. 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 $(22374) at a weighted average interest rate of 2.946%. 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 $(22374) at a weighted average interest rate of 2.946%. 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 $(22374) at a weighted average interest rate of 2.946%. 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 $(22374) at a weighted average interest rate of 2.946%. 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 $(22374) at a weighted average interest rate of 2.946%. 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 $(22374) at a weighted average interest rate of 2.946%. 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 $(22374) at a weighted average interest rate of 2.946%. 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. | 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. |
| **(j)** | **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** | **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** |
| **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** |
|  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset |  | Liability |
| Canada Government 10-Year Bond June Futures  | Canada Government 10-Year Bond June Futures  | 06/2026 | 868 | 868 | 868 | $74882 | 74882 | 74882 | (1281) | (1281) | (1281) | 299 | $ | $0 |
| Long Guilt June Futures  | Long Guilt June Futures  | 06/2026 | 350 | 350 | 350 | 40670 | 40670 | 40670 | (2175) | (2175) | (2175) | 306 |  | 0 |
| U.S. Treasury 2-Year Note June Futures  | U.S. Treasury 2-Year Note June Futures  | 06/2026 | 856 | 856 | 856 | 177573 | 177573 | 177573 | (1321) | (1321) | (1321) | 67 |  | 0 |
| U.S. Treasury 10-Year Note June Futures  | U.S. Treasury 10-Year Note June Futures  | 06/2026 | 897 | 897 | 897 | 99609 | 99609 | 99609 | (1739) | (1739) | (1739) | 210 |  | 0 |
|  |  |  |  |  |  |  |  |  | (6516) | (6516) | $ | 882 | $ | 0 |

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<br> Schedule of Investments PIMCO Fixed Income SHares: Series C (Cont.) March 31, 2026 (Unaudited)

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| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **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** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description | Description | Description |  | Expiration<br>Month | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | 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 | 06/2026 | 3828 | (434538) | (434538) | $9686 | 9686 | 9686 | 0 | 0 | 0 | (1136) |
| U.S. Treasury Long-Term Bond June Futures  | U.S. Treasury Long-Term Bond June Futures  | U.S. Treasury Long-Term Bond June Futures  | U.S. Treasury Long-Term Bond June Futures  | U.S. Treasury Long-Term Bond June Futures  | U.S. Treasury Long-Term Bond June Futures  | U.S. Treasury Long-Term Bond June Futures  | 06/2026 | 06/2026 | 06/2026 | 42 | (4783) | (4783) | 130 | 130 | 130 | 0 | 0 | 0 | (16) |
|  |  |  |  |  |  |  |  |  |  |  |  |  | 9816 | 9816 | $ | 0 | 0 | $ | (1152) |
| **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** | **Total Futures Contracts** | **3300** | **3300** | **$** | **882** | **882** | **$** | **(1152)** |
| **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:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Reference Entity | Reference Entity | Fixed <br>Receive Rate | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Implied<br>Credit Spread at<br>March 31, 2026<sup>(2)</sup> | Implied<br>Credit Spread at<br>March 31, 2026<sup>(2)</sup> | Implied<br>Credit Spread at<br>March 31, 2026<sup>(2)</sup> |  | Notional<br>Amount<sup>(3)</sup> | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) |  | Market<br>Value<sup>(4)</sup> | Market<br>Value<sup>(4)</sup> | Asset | Asset | Liability |
| CREDIT AGRICOLE SA/LONDON BRA SNR SE ICE  | CREDIT AGRICOLE SA/LONDON BRA SNR SE ICE  | 1.000% | Quarterly | 12/20/2035 | 12/20/2035 |  |  | % | EUR | 6700 | 0 | $ | (94) | $ | (94) | (94) | 5 | 5 | 0 |
| Deutsche Bank  | Deutsche Bank  | 1.000 | Quarterly | 12/20/2032 | 12/20/2032 | 1.263 | 1.263 |  |  | 4400 | (59) |  | (19) |  | (78) | (78) | 5 | 5 | 0 |
| ZF Europe Finance BV  | ZF Europe Finance BV  | 5.000 | Quarterly | 12/20/2029 | 12/20/2029 | 3.160 | 3.160 |  |  | 100 | 7 |  | 0 |  | 7 | 7 | 0 | 0 | (1) |
|  |  |  |  |  |  |  |  |  |  |  | (52) | $ | (113) | $ | (165) | (165) | 10 | 10 | (1) |
| **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** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Floating Rate Index | Floating Rate Index | Fixed Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date |  |  | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Market<br>Value | Asset | Asset | Liability |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.264% | Annual | Annual | 06/30/2031 | $ | $ | 58500 | $0 | 0 | 1388 | 1388 | 1388 | 1388 | $0 | 0 | $(62) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.266 | Annual | Annual | 06/30/2031 |  |  | 194300 | 0 | 0 | 4586 | 4586 | 4586 | 4586 | 0 | 0 | (206) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.715 | Annual | Annual | 08/07/2034 |  |  | 10000 | (55) | (55) | 127 | 127 | 72 | 72 | 0 | 0 | (10) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.613 | Annual | Annual | 08/22/2034 |  |  | 5700 | (20) | (20) | 106 | 106 | 86 | 86 | 0 | 0 | (6) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.555 | Annual | Annual | 08/28/2034 |  |  | 5700 | (21) | (21) | 132 | 132 | 111 | 111 | 0 | 0 | (5) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.565 | Annual | Annual | 08/28/2034 |  |  | 5700 | (21) | (21) | 128 | 128 | 107 | 107 | 0 | 0 | (5) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.599 | Annual | Annual | 08/28/2034 |  |  | 5700 | (21) | (21) | 113 | 113 | 92 | 92 | 0 | 0 | (6) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.605 | Annual | Annual | 08/28/2034 |  |  | 4000 | (16) | (16) | 78 | 78 | 62 | 62 | 0 | 0 | (4) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.643 | Annual | Annual | 08/28/2034 |  |  | 5700 | (21) | (21) | 93 | 93 | 72 | 72 | 0 | 0 | (6) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.514 | Annual | Annual | 09/04/2034 |  |  | 5700 | (22) | (22) | 151 | 151 | 129 | 129 | 0 | 0 | (5) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.525 | Annual | Annual | 09/04/2034 |  |  | 5700 | (21) | (21) | 145 | 145 | 124 | 124 | 0 | 0 | (5) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.232 | Annual | Annual | 09/10/2034 |  |  | 2850 | (14) | (14) | 141 | 141 | 127 | 127 | 0 | 0 | (3) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.240 | Annual | Annual | 09/16/2034 |  |  | 5100 | (23) | (23) | 247 | 247 | 224 | 224 | 0 | 0 | (5) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.278 | Annual | Annual | 09/16/2034 |  |  | 10100 | (44) | (44) | 457 | 457 | 413 | 413 | 0 | 0 | (9) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | Annual | 12/18/2034 |  |  | 11500 | 38 | 38 | 9 | 9 | 47 | 47 | 0 | 0 | (11) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 4.012 | Annual | Annual | 02/14/2035 |  |  | 90700 | 40 | 40 | (1428) | (1428) | (1388) | (1388) | 0 | 0 | (88) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.640 | Annual | Annual | 08/15/2035 |  |  | 36000 | 72 | 72 | 481 | 481 | 553 | 553 | 0 | 0 | (31) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.700 | Annual | Annual | 08/15/2035 |  |  | 35900 | (32) | (32) | 414 | 414 | 382 | 382 | 0 | 0 | (31) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.715 | Annual | Annual | 08/15/2035 |  |  | 61348 | 157 | 157 | 423 | 423 | 580 | 580 | 0 | 0 | (54) |
| Receive | CAONREPO | CAONREPO | CAONREPO | 3.500 | Semi-Annual | Semi-Annual | 06/01/2032 | CAD | CAD | 76900 | (577) | (577) | (1284) | (1284) | (1861) | (1861) | 0 | 0 | (138) |
| Receive | CAONREPO | CAONREPO | CAONREPO | 2.850 | Semi-Annual | Semi-Annual | 06/01/2033 |  |  | 400 | 0 | 0 | 3 | 3 | 3 | 3 | 0 | 0 | (1) |
| Receive | CAONREPO | CAONREPO | CAONREPO | 2.900 | Semi-Annual | Semi-Annual | 06/01/2033 |  |  | 300 | 0 | 0 | 2 | 2 | 2 | 2 | 0 | 0 | (1) |

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<br> Schedule of Investments PIMCO Fixed Income SHares: Series C (Cont.) March 31, 2026 (Unaudited)

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| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | Receive | CAONREPO | CAONREPO | 2.740 | Semi-Annual | Semi-Annual | 06/01/2034 | 4000 |  | 0 |  | 72 |  | 72 |  | 0 | 0 |  | (7) |
|  |  |  |  |  |  |  |  |  | $(601) | (601) | $6584 | 6584 | $5983 | 5983 | $0 | 0 | 0 | $(699) | (699) |
| **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** | $**(653)** | **(653)** | $**6471** | **6471** | $**5818** | **5818** | $**10** | **10** | **10** | $**(700)** | **(700)** |
| **(k)** | **Securities with an aggregate market value of $43,506 and cash of $3,136 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $43,506 and cash of $3,136 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $43,506 and cash of $3,136 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $43,506 and cash of $3,136 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $43,506 and cash of $3,136 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $43,506 and cash of $3,136 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $43,506 and cash of $3,136 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $43,506 and cash of $3,136 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $43,506 and cash of $3,136 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $43,506 and cash of $3,136 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $43,506 and cash of $3,136 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $43,506 and cash of $3,136 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $43,506 and cash of $3,136 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $43,506 and cash of $3,136 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $43,506 and cash of $3,136 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $43,506 and cash of $3,136 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $43,506 and cash of $3,136 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $43,506 and cash of $3,136 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $43,506 and cash of $3,136 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** |
| <sup>(1)</sup> | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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>(2)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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>(3)</sup> | The maximum potential amount the Portfolio 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 Portfolio 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 Portfolio 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 Portfolio 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 Portfolio 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 Portfolio 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 Portfolio 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 Portfolio 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 Portfolio 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 Portfolio 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 Portfolio 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 Portfolio 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 Portfolio 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 Portfolio 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 Portfolio 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 Portfolio 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 Portfolio 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 Portfolio 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 Portfolio 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>(4)</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. |
| **(l)** | **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:** |
|  |  |  |  |  |  |  |  |  |  |  |  | <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 Received | Currency to<br>be Received | Currency to<br>be Received | Asset | Asset | Asset | Asset | Liability | Liability | Liability |
| &nbsp;&nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp;&nbsp; AZD | 04/2026  | 04/2026  | 04/2026  | CAD | 44340 | 44340 | $ | $32370 | 32370 | 32370 | 494 | 494 | 494 | 494 | $0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | SGD | 22 | 22 |  | 17 | 17 | 17 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | 04/2026  | 04/2026  | 04/2026  | BRL | 12225 | 12225 |  | 2341 | 2341 | 2341 | 0 | 0 | 0 | 0 | (19) | (19) | (19) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | CNH | 6828 | 6828 |  | 990 | 990 | 990 | 0 | 0 | 0 | 0 | (2) | (2) | (2) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | INR | 160005 | 160005 |  | 1704 | 1704 | 1704 | 17 | 17 | 17 | 17 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | KRW | 1041169 | 1041169 |  | 709 | 709 | 709 | 29 | 29 | 29 | 29 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | PLN | 3542 | 3542 |  | 957 | 957 | 957 | 3 | 3 | 3 | 3 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | $ | $2342 | 2342 | BRL | 12225 | 12225 | 12225 | 18 | 18 | 18 | 18 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 1704 | 1704 | INR | 160291 | 160291 | 160291 | 0 | 0 | 0 | 0 | (17) | (17) | (17) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 308 | 308 | MXN | 5674 | 5674 | 5674 | 9 | 9 | 9 | 9 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 3159 | 3159 | PLN | 11664 | 11664 | 11664 | 0 | 0 | 0 | 0 | (17) | (17) | (17) |
|  |  |  | 06/2026  | 06/2026  | 06/2026  | ILS | 18851 | 18851 | $ | $6070 | 6070 | 6070 | 61 | 61 | 61 | 61 | 0 | 0 | 0 |
|  |  |  | 06/2026  | 06/2026  | 06/2026  | MXN | 34958 | 34958 |  | 1950 | 1950 | 1950 | 12 | 12 | 12 | 12 | 0 | 0 | 0 |
|  |  |  | 06/2026  | 06/2026  | 06/2026  | $ | $906 | 906 | BRL | 4806 | 4806 | 4806 | 10 | 10 | 10 | 10 | 0 | 0 | 0 |
|  |  |  | 07/2026  | 07/2026  | 07/2026  | PEN | 11700 | 11700 | $ | $3463 | 3463 | 3463 | 119 | 119 | 119 | 119 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | 04/2026  | 04/2026  | 04/2026  | AUD | 2378 | 2378 |  | 1696 | 1696 | 1696 | 55 | 55 | 55 | 55 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | BRL | 27063 | 27063 |  | 5185 | 5185 | 5185 | 0 | 0 | 0 | 0 | (39) | (39) | (39) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | CNH | 2277 | 2277 |  | 331 | 331 | 331 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | ILS | 6677 | 6677 |  | 2162 | 2162 | 2162 | 38 | 38 | 38 | 38 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | KRW | 1559741 | 1559741 |  | 1041 | 1041 | 1041 | 22 | 22 | 22 | 22 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | THB | 158957 | 158957 |  | 4913 | 4913 | 4913 | 91 | 91 | 91 | 91 | (3) | (3) | (3) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | $ | $1656 | 1656 | AUD | 2378 | 2378 | 2378 | 0 | 0 | 0 | 0 | (15) | (15) | (15) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 5220 | 5220 | BRL | 27063 | 27063 | 27063 | 5 | 5 | 5 | 5 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 8878 | 8878 | IDR | 150230126 | 150230126 | 150230126 | 0 | 0 | 0 | 0 | (42) | (42) | (42) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 1593 | 1593 | ILS | 5046 | 5046 | 5046 | 12 | 12 | 12 | 12 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 7040 | 7040 | INR | 651925 | 651925 | 651925 | 0 | 0 | 0 | 0 | (172) | (172) | (172) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 1427 | 1427 | JPY | 227600 | 227600 | 227600 | 7 | 7 | 7 | 7 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 711 | 711 | KRW | 1062291 | 1062291 | 1062291 | 0 | 0 | 0 | 0 | (17) | (17) | (17) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 2530 | 2530 | PLN | 9123 | 9123 | 9123 | 0 | 0 | 0 | 0 | (72) | (72) | (72) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 78 | 78 | SGD | 101 | 101 | 101 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 1 | 1 | THB | 31 | 31 | 31 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 6058 | 6058 | TWD | 193665 | 193665 | 193665 | 9 | 9 | 9 | 9 | (1) | (1) | (1) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | ZAR | 15223 | 15223 | $ | $899 | 899 | 899 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 05/2026  | 05/2026  | 05/2026  | ILS | 5041 | 5041 |  | 1593 | 1593 | 1593 | 0 | 0 | 0 | 0 | (12) | (12) | (12) |
|  |  |  | 05/2026  | 05/2026  | 05/2026  | INR | 525925 | 525925 |  | 5558 | 5558 | 5558 | 31 | 31 | 31 | 31 | 0 | 0 | 0 |
|  |  |  | 05/2026  | 05/2026  | 05/2026  | SGD | 100 | 100 |  | 78 | 78 | 78 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 05/2026  | 05/2026  | 05/2026  | TWD | 120837 | 120837 |  | 3750 | 3750 | 3750 | 0 | 0 | 0 | 0 | (38) | (38) | (38) |
|  |  |  | 05/2026  | 05/2026  | 05/2026  | $ | $2170 | 2170 | BRL | 11391 | 11391 | 11391 | 16 | 16 | 16 | 16 | 0 | 0 | 0 |
|  |  |  | 05/2026  | 05/2026  | 05/2026  |  | 2787 | 2787 | IDR | 47436141 | 47436141 | 47436141 | 3 | 3 | 3 | 3 | 0 | 0 | 0 |
|  |  |  | 05/2026  | 05/2026  | 05/2026  |  | 552 | 552 | THB | 18121 | 18121 | 18121 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 06/2026  | 06/2026  | 06/2026  | IDR | 38867724 | 38867724 | $ | $2310 | 2310 | 2310 | 26 | 26 | 26 | 26 | 0 | 0 | 0 |
|  |  |  | 06/2026  | 06/2026  | 06/2026  | $ | $845 | 845 | IDR | 14235169 | 14235169 | 14235169 | 0 | 0 | 0 | 0 | (8) | (8) | (8) |
|  |  |  | 06/2026  | 06/2026  | 06/2026  |  | 2268 | 2268 | MXN | 39490 | 39490 | 39490 | 0 | 0 | 0 | 0 | (79) | (79) | (79) |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | &nbsp;&nbsp;&nbsp;&nbsp; BRC | &nbsp;&nbsp;&nbsp;&nbsp; BRC | 04/2026  | 04/2026  | 04/2026  | CAD | 62 | 62 | $ | $45 | 45 | 45 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | GBP | 13358 | 13358 |  | 18066 | 18066 | 18066 | 386 | 386 | 386 | 386 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | TRY | 502811 | 502811 |  | 10959 | 10959 | 10959 | 0 | 0 | 0 | 0 | (128) | (128) | (128) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | $ | $156 | 156 | PLN | 561 | 561 | 561 | 0 | 0 | 0 | 0 | (5) | (5) | (5) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 1811 | 1811 | SEK | 16435 | 16435 | 16435 | 0 | 0 | 0 | 0 | (75) | (75) | (75) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 24951 | 24951 | TRY | 1142099 | 1142099 | 1142099 | 161 | 161 | 161 | 161 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | ZAR | 121308 | 121308 | $ | $7413 | 7413 | 7413 | 253 | 253 | 253 | 253 | 0 | 0 | 0 |
|  |  |  | 05/2026  | 05/2026  | 05/2026  | TRY | 211444 | 211444 |  | 4535 | 4535 | 4535 | 0 | 0 | 0 | 0 | (30) | (30) | (30) |
|  |  |  | 05/2026  | 05/2026  | 05/2026  | $ | $45 | 45 | CAD | 62 | 62 | 62 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 05/2026  | 05/2026  | 05/2026  |  | 12 | 12 | CHF | 10 | 10 | 10 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 06/2026  | 06/2026  | 06/2026  | ILS | 250 | 250 | $ | $81 | 81 | 81 | 2 | 2 | 2 | 2 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | &nbsp;&nbsp;&nbsp;&nbsp; BSH | &nbsp;&nbsp;&nbsp;&nbsp; BSH | 04/2026  | 04/2026  | 04/2026  | JPY | 233753 | 233753 |  | 1464 | 1464 | 1464 | 0 | 0 | 0 | 0 | (9) | (9) | (9) |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series C (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 04/2026  | $13480 | 10126 | 0 | (77) |
|  | 04/2026  | 20005 | 34653 | 0 | (92) |
|  | 04/2026  | 8917 | 32253 | 0 | (229) |
|  | 05/2026  | 10126 | $13479 | 77 | 0 |
|  | 05/2026  | 34653 | 20027 | 93 | 0 |
|  | 05/2026  | $1464 | 233048 | 9 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | 04/2026  | 6413 | $4723 | 113 | 0 |
|  | 04/2026  | 2308 | 334 | 0 | (1) |
|  | 04/2026  | 303 | 350 | 0 | 0 |
|  | 04/2026  | 1269 | 1697 | 17 | 0 |
|  | 04/2026  | 1221173 | 13066 | 193 | 0 |
|  | 04/2026  | 11385 | 1177 | 1 | 0 |
|  | 04/2026  | 5360 | 576 | 10 | 0 |
|  | 04/2026  | 193 | 6 | 0 | 0 |
|  | 04/2026  | 8429 | 264 | 0 | 0 |
|  | 04/2026  | $1330 | 992 | 0 | (17) |
|  | 04/2026  | 32102 | 2958396 | 0 | (938) |
|  | 05/2026  | 0 | 5 | 0 | 0 |
|  | 06/2026  | 225438 | $13 | 0 | 0 |
|  | 06/2026  | 1790 | 581 | 10 | 0 |
|  | 06/2026  | $591 | 9938041 | 0 | (8) |
|  | 06/2026  | 3002 | 53161 | 0 | (53) |
|  | 07/2026  | 9978 | $2947 | 93 | 0 |
|  | 08/2026  | 3802 | 1106 | 20 | 0 |
|  | 09/2026  | $783 | 14013 | 0 | (13) |
|  | 01/2027  | 6192 | $1817 | 63 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | 04/2026  | 9027 | 1305 | 0 | (5) |
|  | 04/2026  | 13471 | 4352 | 66 | 0 |
|  | 04/2026  | 495097 | 5259 | 41 | (1) |
|  | 04/2026  | $13082 | 19070 | 75 | 0 |
|  | 04/2026  | 2716 | 18610 | 0 | (14) |
|  | 04/2026  | 5859 | 551848 | 2 | (52) |
|  | 04/2026  | 30750 | 39280 | 0 | (198) |
|  | 04/2026  | 1908 | 62327 | 0 | (16) |
|  | 04/2026  | 450 | 14335 | 0 | (1) |
|  | 05/2026  | 19070 | $13077 | 0 | (75) |
|  | 05/2026  | 39192 | 30750 | 197 | 0 |
|  | 05/2026  | $1305 | 9005 | 5 | 0 |
|  | 06/2026  | 62202 | $1908 | 11 | 0 |
|  | 06/2026  | 675 | 21 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; GLM | 04/2026  | 155822 | 29563 | 0 | (519) |
|  | 04/2026  | 6515 | 2096 | 23 | 0 |
|  | 04/2026  | 19957 | 219 | 8 | 0 |
|  | 04/2026  | 101246 | 3176 | 103 | 0 |
|  | 04/2026  | $27666 | 155822 | 2416 | 0 |
|  | 04/2026  | 2314 | 15886 | 0 | (7) |
|  | 04/2026  | 255 | 4308090 | 0 | (2) |
|  | 04/2026  | 2604 | 48009 | 74 | 0 |
|  | 04/2026  | 2187 | 71766 | 0 | (9) |
|  | 06/2026  | 12759328 | $757 | 7 | 0 |
|  | 06/2026  | 71639 | 2187 | 1 | 0 |
|  | 06/2026  | $2711 | 14425 | 37 | 0 |
|  | 06/2026  | 1324 | 22410317 | 0 | (8) |
|  | 06/2026  | 4323 | 75310 | 0 | (147) |
|  | 07/2026  | 26853 | 144498 | 480 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; IND | 04/2026  | 34957 | $41277 | 872 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | 04/2026  | 14053 | 2032 | 0 | (8) |
|  | 04/2026  | 253184 | 2693 | 24 | 0 |
|  | 04/2026  | 10166 | 2766 | 32 | (5) |
|  | 04/2026  | 30499 | 24201 | 479 | 0 |
|  | 04/2026  | $2693 | 253618 | 0 | (24) |
|  | 04/2026  | 8998 | 161618 | 27 | (17) |
|  | 04/2026  | 49 | 64 | 0 | 0 |
|  | 04/2026  | 384843 | $22982 | 281 | (12) |
|  | 05/2026  | 63 | 49 | 0 | 0 |
|  | 05/2026  | $1373 | 9475 | 6 | 0 |
|  | 05/2026  | 16 | 2566 | 0 | 0 |
|  | 06/2026  | 4500 | $1457 | 22 | 0 |
|  | 06/2026  | $13 | 220787 | 0 | 0 |
|  | 06/2026  | 4435 | 79524 | 0 | (25) |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | 04/2026  | 312 | $394 | 4 | 0 |
|  | 04/2026  | 135485 | 849 | 1 | (6) |
|  | 04/2026  | 1603348 | 1096 | 48 | 0 |
|  | 04/2026  | 308 | 32 | 0 | 0 |
|  | 04/2026  | 11190 | 1200 | 18 | 0 |
|  | 04/2026  | 8971 | 7044 | 66 | 0 |
|  | 04/2026  | 50021 | 1565 | 46 | 0 |
|  | 04/2026  | $2844 | 4053 | 0 | (48) |
|  | 04/2026  | 1064 | 829 | 0 | (27) |
|  | 04/2026  | 4694 | 3509 | 0 | (49) |
|  | 04/2026  | 1010 | 160400 | 1 | 0 |
|  | 04/2026  | 780 | 14388 | 23 | 0 |
|  | 04/2026  | 1225 | 11693 | 0 | (18) |
|  | 04/2026  | 37 | 48 | 0 | 0 |
|  | 04/2026  | 130 | 5955 | 1 | 0 |
|  | 05/2026  | 448 | $46 | 0 | 0 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series C (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | 05/2026  | 48 | 48 | 37 | 37 |  | 0 |  | 0 |
|  |  | 05/2026  | $812 | 812 | 129413 | 129413 |  | 6 |  | 0 |
|  |  | 06/2026  | 4476 | 4476 | $248 | 248 |  | 0 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MYI | &nbsp;&nbsp;&nbsp;&nbsp; MYI | 04/2026  | 886 | 886 | 250 | 250 |  | 12 |  | 0 |
|  |  | 06/2026  | 187125 | 187125 | 11 | 11 |  | 0 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | &nbsp;&nbsp;&nbsp;&nbsp; SCX | 04/2026  | 2384 | 2384 | 15 | 15 |  | 0 |  | 0 |
|  |  | 04/2026  | 34653 | 34653 | 20653 | 20653 |  | 740 |  | 0 |
|  |  | 04/2026  | 5358 | 5358 | 168 | 168 |  | 6 |  | 0 |
|  |  | 04/2026  | $36703 | 36703 | 50816 | 50816 |  | 0 |  | (172) |
|  |  | 04/2026  | 4240 | 4240 | 71600880 | 71600880 |  | 0 |  | (28) |
|  |  | 04/2026  | 3473 | 3473 | 316463 | 316463 |  | 0 |  | (137) |
|  |  | 04/2026  | 938 | 938 | 3395 | 3395 |  | 0 |  | (24) |
|  |  | 04/2026  | 4744 | 4744 | 151412 | 151412 |  | 0 |  | (5) |
|  |  | 05/2026  | 50746 | 50746 | $36703 | 36703 |  | 172 |  | 0 |
|  |  | 06/2026  | $2264 | 2264 | 38164044 | 38164044 |  | 0 |  | (21) |
| &nbsp;&nbsp;&nbsp;&nbsp; SOG | &nbsp;&nbsp;&nbsp;&nbsp; SOG | 04/2026  | 4891 | 4891 | $6334 | 6334 |  | 218 |  | 0 |
|  |  | 04/2026  | 1000 | 1000 | 1184 | 1184 |  | 28 |  | 0 |
|  |  | 04/2026  | 13152 | 13152 | 85 | 85 |  | 2 |  | 0 |
|  |  | 04/2026  | $5469 | 5469 | 4384 | 4384 |  | 14 |  | 0 |
|  |  | 04/2026  | 41844 | 41844 | 36260 | 36260 |  | 67 |  | 0 |
|  |  | 04/2026  | 12 | 12 | 115 | 115 |  | 0 |  | 0 |
|  |  | 05/2026  | 4368 | 4368 | $5469 | 5469 |  | 0 |  | (14) |
|  |  | 05/2026  | 36260 | 36260 | 41910 | 41910 |  | 0 |  | (65) |
|  |  | 05/2026  | 115 | 115 | 12 | 12 |  | 0 |  | 0 |
|  |  | 06/2026  | 5101 | 5101 | 1658 | 1658 |  | 32 |  | 0 |
|  |  | 06/2026  | 106179 | 106179 | 31531 | 31531 |  | 1135 |  | 0 |
|  |  | 07/2026  | 3238 | 3238 | 958 | 958 |  | 33 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp;&nbsp; SSB | 04/2026  | 23123 | 23123 | 16455 | 16455 |  | 501 |  | 0 |
|  |  | 04/2026  | 641 | 641 | 4 | 4 |  | 0 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | 04/2026  | 5316 | 5316 | 1445 | 1445 |  | 13 |  | 0 |
|  |  | 04/2026  | $5552 | 5552 | 20056 | 20056 |  | 0 |  | (150) |
|  |  | 06/2026  | 7589 | 7589 | $2461 | 2461 |  | 42 |  | 0 |
|  |  | 06/2026  | 5709 | 5709 | 318 | 318 |  | 2 |  | 0 |
|  |  | 06/2026  | $3336 | 3336 | 58230 | 58230 |  | 0 |  | (107) |
| **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **$** | $**11108** | **11108** | $**(4245)** | **(4245)** |
| **(m)** | **Securities with an aggregate market value of $1,436 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 $1,436 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 $1,436 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 $1,436 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 $1,436 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 $1,436 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 $1,436 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 $1,436 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 $1,436 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 $1,436 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.** |
| **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 Portfolio'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 Portfolio'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 Portfolio'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 Portfolio'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 Portfolio'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 Portfolio'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 Portfolio'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 Portfolio'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 Portfolio'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 Portfolio'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 Portfolio's assets and liabilities**: |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Level 1 | Level 1 | Level 2 | 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 | Loan Participations and Assignments | Loan Participations and Assignments | $0 | 0 | 3697 | $0 | 0 | 3697 | 3697 |
| 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 | 0 | 0 | 505922 | 1871 | 1871 | 507793 | 507793 |
| Industrials | Industrials | Industrials | Industrials | 0 | 0 | 174311 | 0 | 0 | 174311 | 174311 |
| Utilities | Utilities | Utilities | Utilities | 0 | 0 | 67406 | 0 | 0 | 67406 | 67406 |
| Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes |
| California | California | California | California | 0 | 0 | 5902 | 0 | 0 | 5902 | 5902 |
| Illinois | Illinois | Illinois | Illinois | 0 | 0 | 841 | 0 | 0 | 841 | 841 |
| West Virginia | West Virginia | West Virginia | West Virginia | 0 | 0 | 5821 | 0 | 0 | 5821 | 5821 |
| U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | 0 | 0 | 920035 | 0 | 0 | 920035 | 920035 |
| U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 0 | 414615 | 0 | 0 | 414615 | 414615 |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 0 | 114532 | 37464 | 37464 | 151996 | 151996 |
| 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 |
| Automobile ABS Other | Automobile ABS Other | Automobile ABS Other | Automobile ABS Other | 0 | 0 | 4687 | 0 | 0 | 4687 | 4687 |
| Automobile Sequential | Automobile Sequential | Automobile Sequential | Automobile Sequential | 0 | 0 | 24923 | 0 | 0 | 24923 | 24923 |
| CMBS Other | CMBS Other | CMBS Other | CMBS Other | 0 | 0 | 14521 | 0 | 0 | 14521 | 14521 |
| Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | 0 | 0 | 19368 | 0 | 0 | 19368 | 19368 |
| Home Equity Sequential | Home Equity Sequential | Home Equity Sequential | Home Equity Sequential | 0 | 0 | 22 | 0 | 0 | 22 | 22 |
| Manufacturing House Sequential | Manufacturing House Sequential | Manufacturing House Sequential | Manufacturing House Sequential | 0 | 0 | 415 | 0 | 0 | 415 | 415 |
| Other ABS | Other ABS | Other ABS | Other ABS | 0 | 0 | 184892 | 0 | 0 | 184892 | 184892 |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 117605 | 0 | 0 | 117605 | 117605 |
| Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities |
| Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | 0 | 0 | 24893 | 0 | 0 | 24893 | 24893 |
| 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 | Mutual Funds | Mutual Funds | 0 | 0 | 2460 | 0 | 0 | 2460 | 2460 |
| U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | 0 | 0 | 656 | 0 | 0 | 656 | 656 |
|  |  |  |  | $0 | 0 | 2607524 | $39335 | 39335 | 2646859 | 2646859 |
| **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 | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | $136130 | 136130 | 0 | $0 | 0 | 136130 | 136130 |
| Total Investments | Total Investments | Total Investments | Total Investments | $136130 | 136130 | 2607524 | $39335 | 39335 | 2782989 | 2782989 |
| **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 | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | 605 | 605 | 287 | 0 | 0 | 892 | 892 |
| Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 | 11108 | 0 | 0 | 11108 | 11108 |
|  |  |  |  | $605 | 605 | 11395 | $0 | 0 | 12000 | 12000 |
| **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**  |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series C (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | 0 | 0 | 0 | 0 | (1852) | (1852) | (1852) | 0 | 0 |  |  | (1852) | (1852) |  |  |
| Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 | 0 | 0 | (4245) | (4245) | (4245) | 0 | 0 |  |  | (4245) | (4245) |  |  |
|  |  |  |  |  |  |  | $0 | 0 | 0 | 0 | $(6097) | (6097) | (6097) | $0 | 0 | $ | $ | (6097) | (6097) |  |  |
| Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | $605 | 605 | 605 | 605 | $5298 | 5298 | 5298 | $0 | 0 | $ | $ | 5903 | 5903 |  |  |
| Totals | Totals | Totals | Totals | Totals | Totals | Totals | $136735 | 136735 | 136735 | 136735 | $2612822 | 2612822 | 2612822 | $39335 | 39335 | $ | $ | 2788892 | 2788892 |  |  |
| **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** |
| Category and Subcategory | Beginning<br>Balance<br>at 12/31/2025 | Net<br>Purchases  | Net<br>Purchases  | Net<br>Sales/Settlements  | Net<br>Sales/Settlements  | Accrued<br>Discounts/<br>(Premiums) | Accrued<br>Discounts/<br>(Premiums) | Accrued<br>Discounts/<br>(Premiums) | Realized<br>Gain/(Loss) | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(1)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(1)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(1)</sup> | Transfers into<br>Level 3 | 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 | 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>(1)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>03/31/2026<sup>(1)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>03/31/2026<sup>(1)</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** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Corporate Bonds & Notes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Banking & Finance | $1920 | $ | 0 | $ | $0 | $ | 0 | $ | $0 | $ | (49) | $ | $0 | 0 | $0 | 0 | $ | 1871 | $ | $ | (49) |
| Non-Agency Mortgage-Backed Securities | 39892 |  | 0 |  | (169) |  | 0 |  | 3 |  | 1205 |  | 0 | 0 | (3467) | (3467) |  | 37464 |  |  | 1227 |
| Totals | 41812 | $ | 0 | $ | $(169) | $ | 0 | $ | $3 | $ | 1156 | $ | $0 | 0 | $(3467) | (3467) | $ | 39335 | $ | $ | 1178 |
| <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:** | <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) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) |
| 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;&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 | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | Input Value(s) | Input Value(s) | Input Value(s) | Input Value(s) | Weighted Average% | 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** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| 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 | Corporate Bonds & Notes | Corporate Bonds & Notes |
| Banking & Finance | Banking & Finance | Banking & Finance | $1871 | 1871 | &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;&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 | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 5.805 – 5.980 | 5.805 – 5.980 | 5.805 – 5.980 | 5.805 – 5.980 | 5.915  | 5.915  |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 37464 | 37464 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | 100.000 | 100.000 | 100.000 | 100.000 | 100.000 | 100.000 |
| Total | Total | Total | $39335 | 39335 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 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. | 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. |

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------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series LD 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 151.9% ¤** |  |  |
| **CORPORATE BONDS & NOTES 45.7%**  |  |  |
| **BANKING & FINANCE 30.7%**  |  |  |
| **ABN AMRO Bank NV** <br>4.653% (SOFRINDX + 1.000%) due 12/03/2028 ~(f) | $500 | $502 |
| **American Honda Finance Corp.**  |  |  |
| 4.308% due 11/19/2027 •  | 400 | 399 |
| 4.379% due 03/08/2027 •(f)  | 900 | 900 |
| **American Tower Corp.** <br>5.000% due 01/31/2030 | 200 | 202 |
| **Athene Global Funding**  |  |  |
| 4.500% (SOFRINDX + 0.830%) due 01/07/2027 ~  | 800 | 800 |
| 4.857% (SOFRINDX + 1.210%) due 03/25/2027 ~(f)  | 400 | 400 |
| **Bank Hapoalim BM** <br>4.722% due 07/14/2029 | 300 | 297 |
| **Barclays PLC** <br>5.674% due 03/12/2028 •  | 800 | 808 |
| **BPCE SA** <br>6.612% due 10/19/2027 •(f) | 400 | 404 |
| **Canadian Imperial Bank of Commerce** <br>4.449% (SOFRRATE + 0.800%) due 09/08/2028 ~(f) | 1000 | 1000 |
| **Citadel LP** <br>4.875% due 01/15/2027 (f) | 900 | 899 |
| **F&G Global Funding** <br>4.500% due 01/09/2029 | 800 | 784 |
| **Ford Motor Credit Co. LLC**  |  |  |
| 4.271% due 01/09/2027  | 200 | 199 |
| 4.950% due 05/28/2027  | 500 | 500 |
| 5.800% due 03/05/2027  | 700 | 704 |
| **Global Net Lease, Inc./Global Net Lease Operating Partnership LP** <br>3.750% due 12/15/2027 (f) | 1200 | 1164 |
| **Goldman Sachs Group, Inc.** <br>1.948% due 10/21/2027 •  | 900 | 888 |
| **HAT Holdings I LLC/HAT Holdings II LLC** <br>3.375% due 06/15/2026 (f) | 1200 | 1196 |
| **Intesa Sanpaolo SpA** <br>3.875% due 01/12/2028 | 200 | 198 |
| **Lloyds Banking Group PLC** <br>4.431% (SOFRINDX + 0.770%) due 02/10/2030 ~(f) | 1100 | 1095 |
| **Mizrahi Tefahot Bank Ltd.** <br>5.049% due 01/28/2031 | 400 | 396 |
| **Mizuho Financial Group, Inc.** <br>4.740% (SOFRRATE + 1.080%) due 05/13/2031 ~(f) | 1000 | 1004 |
| **ORIX Corp.** <br>4.650% due 09/10/2029 (f) | 500 | 504 |
| **Stellantis Finance U.S., Inc.** <br>1.711% due 01/29/2027 | 600 | 585 |
| **VICI Properties LP/VICI Note Co., Inc.** <br>4.250% due 12/01/2026 | 800 | 798 |
| **Wells Fargo & Co.** <br>3.526% due 03/24/2028 •  | 1200 | 1190 |
|  |  | 17816 |
| **INDUSTRIALS 12.6%**  |  |  |
| **APA Infrastructure Ltd.** <br>4.250% due 07/15/2027 | 900 | 898 |
| **Arrow Electronics, Inc.** <br>5.150% due 08/21/2029 | 300 | 303 |
| **Berry Global, Inc.** <br>4.875% due 07/15/2026 | 280 | 280 |
| **BMW U.S. Capital LLC** <br>4.370% (SOFRRATE + 0.710%) due 08/11/2027 ~(f) | 1000 | 1000 |
| **Canadian Natural Resources Ltd.** <br>5.000% due 12/15/2029 | 200 | 203 |
| **Foxconn Far East Ltd.** <br>1.875% due 08/25/2028 | 1000 | 923 |
| **HCA, Inc.**  |  |  |
| 5.000% due 03/01/2028  | 100 | 101 |
| 5.375% due 09/01/2026 (f)  | 500 | 501 |
| **Kyndryl Holdings, Inc.** <br>2.050% due 10/15/2026 | 500 | 492 |

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<br> Schedule of Investments PIMCO Fixed Income SHares: Series LD (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Las Vegas Sands Corp.**  |  |  |
| 3.500% due 08/18/2026  | 600 | 598 |
| 5.900% due 06/01/2027  | 500 | 507 |
| **Qatarenergy LNG S3** <br>6.332% due 09/30/2027 | 81 | 81 |
| **Rogers Communications, Inc.** <br>3.200% due 03/15/2027 | 400 | 395 |
| **South Bow USA Infrastructure Holdings LLC** <br>4.911% due 09/01/2027 | 200 | 201 |
| **Universal Health Services, Inc.** <br>1.650% due 09/01/2026 | 200 | 198 |
| **Volkswagen Group of America Finance LLC** <br>4.950% due 03/25/2027 | 300 | 301 |
| **Westinghouse Air Brake Technologies Corp.** <br>4.700% due 09/15/2028 | 300 | 301 |
|  |  | 7283 |
| **UTILITIES 2.4%**  |  |  |
| **Evergy Kansas Central, Inc.** <br>4.700% due 03/13/2028 (f) | 600 | 603 |
| **ONEOK, Inc.** <br>4.400% due 10/15/2029 | 300 | 298 |
| **Pacific Gas & Electric Co.** <br>3.300% due 03/15/2027 | 200 | 198 |
| **Southern California Edison Co.** <br>4.700% due 06/01/2027 | 300 | 301 |
|  |  | 1400 |
| Total Corporate Bonds & Notes (Cost $26,554) |  | 26499 |
| **U.S. GOVERNMENT AGENCIES 49.6%**  |  |  |
| **Federal Home Loan Mortgage Corp. REMICS**  |  |  |
| 1.000% due 09/15/2044 (f) | 972 | 867 |
| 4.532% due 04/25/2055 •(f) | 556 | 558 |
| 4.562% due 09/25/2054 - 10/25/2055 •(f) | 943 | 948 |
| 4.602% due 11/25/2054 •(f) | 1011 | 1018 |
| 4.612% due 10/25/2054 - 08/25/2055 •(f) | 1597 | 1605 |
| 4.662% due 10/25/2052 - 06/25/2055 •(f) | 2909 | 2938 |
| 4.672% due 03/25/2055 •  | 900 | 895 |
| 4.762% due 07/25/2055 •(f) | 174 | 175 |
| 4.812% due 12/25/2054 - 03/25/2055 •(f) | 1284 | 1295 |
| 4.862% due 01/25/2055 - 02/25/2055 •(f) | 435 | 438 |
| 4.912% due 05/25/2054 - 06/25/2055 •(f) | 891 | 901 |
| **Federal National Mortgage Association**<br>4.300% due 12/01/2032 (f) | 1100 | 1091 |
| **Federal National Mortgage Association REMICS**  |  |  |
| 4.562% due 09/25/2054 - 03/25/2055 •(f) | 1627 | 1634 |
| 4.662% due 05/25/2055 •(f) | 148 | 149 |
| 4.712% due 01/25/2055 •(f) | 372 | 374 |
| 4.750% due 04/25/2056 •  | 900 | 896 |
| 4.762% due 06/25/2054 - 01/25/2055 •(f) | 714 | 718 |
| 4.812% due 01/25/2055 •(f) | 369 | 371 |
| 4.862% due 01/25/2055 •(f) | 151 | 152 |
| 4.912% due 11/25/2053 •(f) | 216 | 219 |
| **Government National Mortgage Association REMICS**  |  |  |
| 4.240% due 10/20/2037 •  | 13 | 12 |
| 4.463% due 08/20/2061 •  | 1 | 1 |
| 4.573% due 06/20/2055 •(f) | 464 | 466 |
| 4.623% due 05/20/2055 •(f) | 156 | 157 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 5.000% due 05/01/2056 | 2000 | 1970 |
| 5.500% due 05/01/2056 | 3200 | 3211 |
| 6.000% due 06/01/2056 | 5600 | 5700 |
| Total U.S. Government Agencies (Cost $28,800) |  | 28759 |
| **U.S. TREASURY OBLIGATIONS 0.6%**  |  |  |
| **U.S. Treasury Inflation Protected Securities (d)** |  |  |
| 2.125% due 04/15/2029 (f) | 336 | 345 |
| Total U.S. Treasury Obligations (Cost $337) |  | 345 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 12.7%**  |  |  |
| **Banc of America Funding Trust** <br>6.620% due 09/20/2034 ~ | 6 | 6 |
| **Bear Stearns ARM Trust**  |  |  |
| 5.714% due 01/25/2034 ~  | 3 | 2 |
| 5.910% due 04/25/2033 ~  | 5 | 5 |
| 6.183% due 11/25/2034 ~  | 8 | 8 |
| **BWAY Mortgage Trust** <br>5.037% due 09/15/2036 •  | 1000 | 984 |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 4.512% due 05/25/2051 •  | 752 | 703 |
| 6.480% due 10/25/2035 •  | 1 | 1 |

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<br> Schedule of Investments PIMCO Fixed Income SHares: Series LD (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Credit Suisse First Boston Mortgage Securities Corp.**  |  |  |
| 5.523% due 06/25/2033 ~  | 4 | 4 |
| 6.500% due 04/25/2033  | 8 | 9 |
| **GCAT Trust**  |  |  |
| 1.348% due 05/25/2066 ~  | 371 | 329 |
| 1.503% due 05/25/2066 ~  | 371 | 330 |
| **GS Mortgage-Backed Securities Trust**  |  |  |
| 4.517% due 12/25/2051 •  | 360 | 336 |
| 4.517% due 02/25/2052 •  | 1049 | 980 |
| **GSR Mortgage Loan Trust**  |  |  |
| 4.860% due 09/25/2035 ~  | 1 | 1 |
| 5.939% due 08/25/2033 •  | 3 | 3 |
| **Impac CMB Trust** <br>4.433% due 03/25/2035 •  | 88 | 87 |
| **JP Morgan Chase Commercial Mortgage Securities Trust** <br>5.170% due 12/15/2031 •  | 276 | 275 |
| **JP Morgan Mortgage Trust**  |  |  |
| 5.132% due 02/25/2035 ~  | 1 | 1 |
| 5.846% due 09/25/2034 ~  | 3 | 3 |
| 6.386% due 02/25/2034 ~  | 7 | 7 |
| **Mellon Residential Funding Corp. Mortgage Pass-Through Trust**  |  |  |
| 4.267% due 06/15/2030 •  | 2 | 2 |
| 4.387% due 10/20/2029 •  | 2 | 2 |
| **Merrill Lynch Mortgage Investors Trust**  |  |  |
| 4.253% due 04/25/2029 •  | 1 | 1 |
| 5.135% due 02/25/2035 ~  | 34 | 32 |
| **MFA Trust**  |  |  |
| 1.131% due 07/25/2060 ~  | 350 | 321 |
| 1.381% due 04/25/2065 ~  | 36 | 35 |
| 6.105% due 12/25/2068 þ  | 107 | 108 |
| **Morgan Stanley Mortgage Loan Trust** <br>5.210% due 11/25/2034 ~ | 1 | 1 |
| **Morgan Stanley Residential Mortgage Loan Trust** <br>4.517% due 09/25/2051 •  | 140 | 131 |
| **New Residential Mortgage Loan Trust**  |  |  |
| 0.941% due 10/25/2058 ~  | 132 | 127 |
| 3.500% due 12/25/2057 ~  | 343 | 335 |
| **NYO Commercial Mortgage Trust** <br>4.882% due 11/15/2038 •  | 1000 | 998 |
| **OBX Trust** <br>6.520% due 07/25/2063 þ | 189 | 190 |
| **Prime Mortgage Trust** <br>4.193% due 02/25/2034 •  | 1 | 1 |
| **Sequoia Mortgage Trust**  |  |  |
| 4.491% due 10/19/2026 •  | 12 | 12 |
| **Structured Asset Mortgage Investments II Trust** <br>4.371% due 07/19/2034 •  | 5 | 5 |
| **Structured Asset Mortgage Investments Trust**  |  |  |
| 3.905% due 06/25/2029 ~  | 3 | 3 |
| 4.451% due 09/19/2032 •  | 1 | 1 |
| **Thornburg Mortgage Securities Trust**  |  |  |
| 4.433% due 09/25/2043 •  | 1 | 2 |
| 5.266% due 04/25/2045 ~  | 5 | 5 |
| **Towd Point Mortgage Trust**  |  |  |
| 2.710% due 01/25/2060 ~  | 160 | 155 |
| 3.750% due 05/25/2058 ~  | 302 | 297 |
| 4.793% due 05/25/2058 •  | 176 | 179 |
| 4.793% due 10/25/2059 •  | 141 | 141 |
| **Verus Securitization Trust** <br>5.712% due 01/25/2069 þ | 139 | 139 |
| **WaMu Mortgage Pass-Through Certificates Trust**  |  |  |
| 4.333% due 12/25/2045 •  | 46 | 47 |
| 4.373% due 10/25/2045 •  | 7 | 7 |
| 4.533% due 11/25/2034 •  | 18 | 18 |
| 4.593% due 06/25/2044 •  | 7 | 7 |
| 5.259% due 06/25/2042 •  | 2 | 1 |
| Total Non-Agency Mortgage-Backed Securities (Cost $7,711) |  | 7377 |
| **ASSET-BACKED SECURITIES 34.0%**  |  |  |
| **AUTOMOBILE ABS OTHER 1.5%**  |  |  |
| **Cars Alliance Auto Loans Germany V** <br>2.478% due 01/18/2036 •  | 386 | 447 |
| **FACT SA** <br>2.590% due 09/22/2031 •  | 363 | 420 |
|  |  | 867 |
| **AUTOMOBILE SEQUENTIAL 0.3%**  |  |  |
| **ARI Fleet Lease Trust** <br>4.590% due 03/15/2034 | $198 | 198 |

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<br> Schedule of Investments PIMCO Fixed Income SHares: Series LD (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **CMBS OTHER 0.0%**  |  |  |
| **MF1 Ltd.** <br>4.874% due 10/16/2036 •  | 17 | 17 |
| **CREDIT CARD BULLET 1.0%**  |  |  |
| **Evergreen Credit Card Trust** <br>4.231% due 10/15/2029 •  | 600 | 602 |
| **HOME EQUITY OTHER 2.3%**  |  |  |
| **Amortizing Residential Collateral Trust** <br>4.793% due 10/25/2034 •  | 88 | 87 |
| **Bear Stearns Asset-Backed Securities I Trust** <br>4.918% due 03/25/2035 •  | 44 | 44 |
| **Chase Funding Trust** <br>4.533% due 10/25/2032 •  | 18 | 18 |
| **Countrywide Asset-Backed Certificates Trust** <br>4.513% due 05/25/2036 •  | 61 | 61 |
| **Delta Funding Home Equity Loan Trust** <br>4.607% due 09/15/2029 •  | 3 | 3 |
| **Finance America Mortgage Loan Trust** <br>4.618% due 08/25/2034 •  | 68 | 66 |
| **GSAMP Trust** <br>4.313% due 06/25/2036 •  | 275 | 271 |
| **New Century Home Equity Loan Trust** <br>4.723% due 11/25/2034 •  | 407 | 408 |
| **RAAC Trust** <br>4.343% due 01/25/2046 •  | 148 | 148 |
| **Securitized Asset-Backed Receivables LLC Trust** <br>4.468% due 01/25/2035 •  | 227 | 209 |
|  |  | 1315 |
| **WHOLE LOAN COLLATERAL 1.0%**  |  |  |
| **First Franklin Mortgage Loan Trust** <br>4.113% due 04/25/2036 •  | 571 | 565 |
| **OTHER ABS 27.9%**  |  |  |
| **37 Capital CLO 1 Ltd.** <br>4.952% due 10/15/2034 •  | 400 | 401 |
| **522 Funding CLO Ltd.** <br>4.969% due 10/20/2031 •  | 7 | 7 |
| **AMMC CLO 27 Ltd.** <br>4.748% due 01/20/2037 •  | 700 | 700 |
| **Anchorage Credit Funding 19 Ltd.** <br>5.036% due 10/25/2040 | 500 | 496 |
| **ARES LIX CLO Ltd.** <br>4.960% due 04/25/2034 •  | 400 | 401 |
| **ARES XLIV CLO Ltd.** <br>4.802% due 04/15/2034 •  | 500 | 500 |
| **BlackRock European CLO VII DAC** <br>2.636% due 10/15/2031 •  | 337 | 390 |
| **BlueMountain CLO XXXII Ltd.** <br>4.772% due 10/15/2034 •  | $600 | 600 |
| **BlueMountain CLO XXXIV Ltd.** <br>4.818% due 04/20/2035 •  | 500 | 500 |
| **Canyon CLO Ltd.** <br>4.752% due 07/15/2034 •  | 400 | 400 |
| **Carlyle Euro CLO DAC** <br>2.716% due 01/15/2031 •  | 98 | 113 |
| **Dryden 95 CLO Ltd.** <br>4.696% due 08/20/2034 •  | $400 | 400 |
| **Elevation CLO Ltd.** <br>4.798% due 07/25/2034 •  | 400 | 400 |
| **ELFI Graduate Loan Program LLC** <br>1.530% due 12/26/2046 | 603 | 546 |
| **Greywolf CLO IV Ltd.** <br>4.908% due 04/17/2034 •  | 600 | 601 |
| **Harvest CLO XVI DAC** <br>3.336% due 10/15/2038 •  | 500 | 578 |
| **Harvest CLO XXI DAC** <br>1.040% due 07/15/2031 | 135 | 154 |
| **Invesco CLO Ltd.** <br>4.818% due 07/20/2035 •  | $500 | 500 |
| **Invesco Euro CLO XI DAC** <br>3.287% due 10/22/2036 •  | 400 | 462 |
| **KKR CLO 16 Ltd.** <br>4.808% due 10/20/2034 •  | $600 | 601 |
| **KKR CLO 27 Ltd.** <br>4.782% due 01/15/2035 •  | 500 | 500 |
| **KKR CLO 42 Ltd.** <br>4.818% due 07/20/2034 •  | 500 | 501 |

---

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<br> Schedule of Investments PIMCO Fixed Income SHares: Series LD (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **LCM 30 Ltd.** <br>5.009% due 04/20/2031 •  | 54 | 54 |
| **MV Credit Euro CLO III DAC** <br>3.284% due 02/15/2038 •  | 500 | 578 |
| **Navient Private Education Refi Loan Trust**  |  |  |
| 1.170% due 09/16/2069  | $228 | 214 |
| 1.690% due 05/15/2069  | 420 | 394 |
| **Navient Refinance Loan Trust** <br>4.800% due 10/15/2055 | 177 | 177 |
| **Nelnet Student Loan Trust**  |  |  |
| 4.610% due 02/21/2061  | 192 | 189 |
| 4.670% due 06/22/2065  | 448 | 444 |
| 4.840% due 05/17/2055  | 264 | 263 |
| 4.973% due 02/21/2061 •  | 96 | 96 |
| **Octagon 64 Ltd.** <br>4.930% due 07/21/2035 •  | 500 | 500 |
| **Octagon Investment Partners 40 Ltd.** <br>4.708% due 01/20/2035 •  | 400 | 400 |
| **SLM Student Loan Trust**  |  |  |
| 4.899% due 04/25/2049 •  | 10 | 10 |
| 5.849% due 01/27/2027 •  | 63 | 63 |
| **SMB Private Education Loan Trust**  |  |  |
| 0.000% due 12/15/2053 •  | 400 | 401 |
| 4.387% due 03/17/2053 •  | 55 | 54 |
| 4.643% due 09/15/2054 •  | 806 | 804 |
| 5.022% due 10/16/2056 •  | 465 | 469 |
| 5.122% due 03/15/2056 •  | 371 | 375 |
| **Toro European CLO 6 DAC** <br>2.951% due 01/12/2032 •  | 318 | 368 |
| **Towd Point Asset Trust** <br>4.490% due 11/20/2061 •  | $72 | 72 |
| **Trinitas CLO XVII Ltd.** <br>4.818% due 10/20/2034 •  | 500 | 501 |
|  |  | 16177 |
| Total Asset-Backed Securities (Cost $19,875) |  | 19741 |
| **SOVEREIGN ISSUES 6.7%**  |  |  |
| **Bonos de la Tesoreria de la Republica en pesos**  |  |  |
| 5.000% due 10/01/2028  | 35000 | 38 |
| 5.800% due 10/01/2029  | 95000 | 104 |
| **Brazil Letras do Tesouro Nacional**  |  |  |
| 0.000% due 07/01/2026 (b)  | 5300 | 991 |
| 0.000% due 10/01/2026 (b)  | 4700 | 850 |
| **Cassa Depositi e Prestiti SpA** <br>5.875% due 04/30/2029 | $300 | 313 |
| **Eagle Funding Luxco SARL** <br>5.500% due 08/17/2030 | 600 | 604 |
| **Saudi Government International Bonds** <br>5.125% due 01/13/2028 | 1000 | 1011 |
| Total Sovereign Issues (Cost $3,885) |  | 3911 |
|  | SHARES |  |
| **SHORT-TERM INSTRUMENTS 2.6%**  |  |  |
| **MUTUAL FUNDS 0.7%**  |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class** <br> 3.720% (e) | 424818 | 425 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **SOUTH AFRICA TREASURY BILLS 1.9%**  |  |  |
| 7.048% due 10/28/2026 - 01/27/2027 (a)(b)(c) | 19300 | 1083 |
| Total Short-Term Instruments (Cost $1,566) |  | 1508 |
| Total Investments in Securities (Cost $88,728) |  | 88140 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 5.3%**  |  |  |
| **SHORT-TERM INSTRUMENTS 5.3%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 5.3%**  |  |  |
| **PIMCO Short Asset Portfolio**  | 231221 | 2270 |

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<br> Schedule of Investments PIMCO Fixed Income SHares: Series LD (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **PIMCO Short-Term Floating NAV Portfolio III** | 84135 | 819 |
| Total Short-Term Instruments (Cost $3,086) |  | 3089 |
| Total Investments in Affiliates (Cost $3,086) |  | 3089 |
| Total Investments 157.2% (Cost $91,814) |  | $91229 |
| **Financial Derivative Instruments (g)(h) 0.4**%(Cost or Premiums, net $189) |  | 215 |
| Other Assets and Liabilities, net (57.6)% |  | (33423) |
| Net Assets 100.0% |  | $58021 |

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<br> Schedule of Investments PIMCO Fixed Income SHares: Series LD (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:**  | **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.** | **\* 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.** | **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.** |
| **•** | **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.** | **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.** |
| **~** | **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.** | **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.** |
| **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.** | **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)** | **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.** | **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.** |
| **(b)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(c)** | **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.** | **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.** |
| **(d)** | **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.** | **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.** |
| **(e)** | **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.** | **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.** |
| **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** | **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:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** |
| Counterparty | Counterparty | Counterparty | Borrowing Rate<sup>(1)</sup> | Borrowing Rate<sup>(1)</sup> | Settlement Date | Settlement Date | Maturity 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 | Payable for<br>Reverse<br>Repurchase<br>Agreements |
| BOS | BOS | BOS | 3.830%  | 3.830%  | 03/31/2026 | 03/31/2026 | 04/08/2026 | 04/08/2026 | 04/08/2026 | (1061) | (1061) | $(1061) | (1061) |
| DEU | DEU | DEU | 3.790  | 3.790  | 03/23/2026 | 03/23/2026 | 04/06/2026 | 04/06/2026 | 04/06/2026 | (7239) | (7239) | (7246) | (7246) |
| SBI | SBI | SBI | 3.770  | 3.770  | 12/12/2025 | 12/12/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (8436) | (8436) | (8533) | (8533) |
| TDM | TDM | TDM | 3.800  | 3.800  | 12/12/2025 | 12/12/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (3840) | (3840) | (3885) | (3885) |
|  |  |  | 3.820  | 3.820  | 03/13/2026 | 03/13/2026 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (3985) | (3985) | (3993) | (3993) |
| **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** |  |  |  |  |  |  |  |  |  | $**(24718)** | **(24718)** |
| **SALE-BUYBACK TRANSACTIONS:** | **SALE-BUYBACK TRANSACTIONS:** | **SALE-BUYBACK TRANSACTIONS:** | **SALE-BUYBACK TRANSACTIONS:** | **SALE-BUYBACK TRANSACTIONS:** | **SALE-BUYBACK TRANSACTIONS:** | **SALE-BUYBACK TRANSACTIONS:** | **SALE-BUYBACK TRANSACTIONS:** | **SALE-BUYBACK TRANSACTIONS:** | **SALE-BUYBACK TRANSACTIONS:** | **SALE-BUYBACK TRANSACTIONS:** | **SALE-BUYBACK TRANSACTIONS:** | **SALE-BUYBACK TRANSACTIONS:** | **SALE-BUYBACK TRANSACTIONS:** |
| Counterparty | Counterparty | Counterparty | Borrowing Rate<sup>(1)</sup> | Borrowing Rate<sup>(1)</sup> | Borrowing Date | Borrowing Date | Maturity Date | Maturity Date | Maturity Date | Amount<br>Borrowed<sup>(1)</sup> | Amount<br>Borrowed<sup>(1)</sup> | Payable for<br>Sale-Buyback<br>Transactions | Payable for<br>Sale-Buyback<br>Transactions |
| GSC | GSC | GSC | 3.760%  | 3.760%  | 03/31/2026 | 03/31/2026 | 04/07/2026 | 04/07/2026 | 04/07/2026 | (328) | (328) | $(328) | (328) |
| **Total Sale-Buyback Transactions** | **Total Sale-Buyback Transactions** | **Total Sale-Buyback Transactions** |  |  |  |  |  |  |  |  |  | $**(328)** | **(328)** |
| **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** |
| Description | Description | Description | Description | Description | Description | Description | Maturity<br>Date | Maturity<br>Date | Principal<br>Amount | Principal<br>Amount | Proceeds | Proceeds | Payable for<br>Short Sales |
| U.S. Government Agencies (16.1)% | U.S. Government Agencies (16.1)% | U.S. Government Agencies (16.1)% | U.S. Government Agencies (16.1)% | U.S. Government Agencies (16.1)% | U.S. Government Agencies (16.1)% | U.S. Government Agencies (16.1)% | U.S. Government Agencies (16.1)% | U.S. Government Agencies (16.1)% | U.S. Government Agencies (16.1)% | U.S. Government Agencies (16.1)% | U.S. Government Agencies (16.1)% | U.S. Government Agencies (16.1)% | U.S. Government Agencies (16.1)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 06/01/2056 | 06/01/2056 | $ | 9900 | $(9433) | (9433) | $(9323) |
| **Total Short Sales (16.1)%** | **Total Short Sales (16.1)%** | **Total Short Sales (16.1)%** | **Total Short Sales (16.1)%** | **Total Short Sales (16.1)%** | **Total Short Sales (16.1)%** | **Total Short Sales (16.1)%** |  |  |  |  | $**(9433)** | **(9433)** | $**(9323)** |
| **(f)** | **Securities with an aggregate market value of $24,567 and cash of $1,180 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $24,567 and cash of $1,180 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $24,567 and cash of $1,180 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $24,567 and cash of $1,180 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $24,567 and cash of $1,180 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $24,567 and cash of $1,180 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $24,567 and cash of $1,180 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $24,567 and cash of $1,180 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $24,567 and cash of $1,180 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $24,567 and cash of $1,180 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $24,567 and cash of $1,180 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $24,567 and cash of $1,180 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $24,567 and cash of $1,180 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 $(20309) at a weighted average interest rate of 3.805%. 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 $(20309) at a weighted average interest rate of 3.805%. 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 $(20309) at a weighted average interest rate of 3.805%. 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 $(20309) at a weighted average interest rate of 3.805%. 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 $(20309) at a weighted average interest rate of 3.805%. 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 $(20309) at a weighted average interest rate of 3.805%. 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 $(20309) at a weighted average interest rate of 3.805%. 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 $(20309) at a weighted average interest rate of 3.805%. 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 $(20309) at a weighted average interest rate of 3.805%. 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 $(20309) at a weighted average interest rate of 3.805%. 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 $(20309) at a weighted average interest rate of 3.805%. 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 $(20309) at a weighted average interest rate of 3.805%. 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 $(20309) at a weighted average interest rate of 3.805%. 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. | 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. |
| **(g)** | **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** | **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** |
| **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** |
|  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset |  | Liability |
| 3-Month EURIBOR December Futures  | 3-Month EURIBOR December Futures  | 12/2026 | 12/2026 | 42 | 42 | $11794 | 11794 | $(24) | (24) | (24) | 0 | $ | 0 |
| 3-Month SOFR Active Contract December Futures  | 3-Month SOFR Active Contract December Futures  | 03/2028 | 03/2028 | 165 | 165 | 39845 | 39845 | (93) | (93) | (93) | 8 |  | 0 |
| 3-Month SONIA December Futures  | 3-Month SONIA December Futures  | 03/2027 | 03/2027 | 36 | 36 | 11393 | 11393 | (58) | (58) | (58) | 13 |  | 0 |
| Australia Government 3-Year Bond June Futures  | Australia Government 3-Year Bond June Futures  | 06/2026 | 06/2026 | 81 | 81 | 5793 | 5793 | (22) | (22) | (22) | 26 |  | 0 |
| U.S. Treasury 2-Year Note June Futures  | U.S. Treasury 2-Year Note June Futures  | 06/2026 | 06/2026 | 346 | 346 | 71776 | 71776 | (126) | (126) | (126) | 27 |  | 0 |

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------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series LD (Cont.) March 31, 2026 (Unaudited)

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| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 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 | 111 |  | 12008 | (174) | (174) | (174) | 16 | 16 | 16 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  | (497) | (497) | $ | 90 | 90 | 90 | $ | 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** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <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 | Asset |  | Liability |
| U.S. Treasury 10-Year Note June Futures  | U.S. Treasury 10-Year Note June Futures  | U.S. Treasury 10-Year Note June Futures  | U.S. Treasury 10-Year Note June Futures  | U.S. Treasury 10-Year Note June Futures  | U.S. Treasury 10-Year Note June Futures  | U.S. Treasury 10-Year Note June Futures  | 06/2026 | 06/2026 | 27 | $ | (2998) | 59 | 59 | 59 | 0 | 0 | 0 | $ | (6) |
| 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 | 96 |  | (10898) | 178 | 178 | 178 | 0 | 0 | 0 |  | (29) |
| 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 | 16 |  | (1865) | 62 | 62 | 62 | 0 | 0 | 0 |  | (3) |
|  |  |  |  |  |  |  |  |  |  |  |  | 299 | 299 | $ | 0 | 0 | 0 | $ | (38) |
| **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** | **(198)** | **(198)** | **$** | **90** | **90** | **90** | **$** | **(38)** |
| **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:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **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** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u><sup>(2)</sup> | <u>Variation Margin</u><sup>(2)</sup> | <u>Variation Margin</u><sup>(2)</sup> | <u>Variation Margin</u><sup>(2)</sup> | <u>Variation Margin</u><sup>(2)</sup> |
| Pay/<br>Receive<br>Floating Rate | Pay/<br>Receive<br>Floating Rate | 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 | Asset | Asset | Liability |
| Pay | Pay | 1-Day GBP-SONIO Compounded-OIS | 3.500% | Annual | Annual | 03/18/2031 | 03/18/2031 | GBP | 3820 | 3820 | (16) | (147) | $(163) | (163) | (163) | $12 | 12 | 12 | $0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | Annual | 12/18/2029 | 12/18/2029 | $ | $2700 | 2700 | 8 | (24) | (16) | (16) | (16) | 0 | 0 | 0 | (3) |
| Receive<sup>(1)</sup> | Receive<sup>(1)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.325 | Annual | Annual | 08/31/2030 | 08/31/2030 |  | 20379 | 20379 | 66 | 136 | 202 | 202 | 202 | 0 | 0 | 0 | (20) |
| Receive<sup>(1)</sup> | Receive<sup>(1)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.337 | Annual | Annual | 08/31/2030 | 08/31/2030 |  | 100 | 100 | 0 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 |
| Receive<sup>(1)</sup> | Receive<sup>(1)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.369 | Annual | Annual | 08/31/2030 | 08/31/2030 |  | 100 | 100 | 0 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 |
| Receive<sup>(1)</sup> | Receive<sup>(1)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.376 | Annual | Annual | 08/31/2030 | 08/31/2030 |  | 800 | 800 | 0 | 6 | 6 | 6 | 6 | 0 | 0 | 0 | (1) |
| Receive<sup>(1)</sup> | Receive<sup>(1)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.407 | Annual | Annual | 08/31/2030 | 08/31/2030 |  | 100 | 100 | 0 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 |
| Receive<sup>(1)</sup> | Receive<sup>(1)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.422 | Annual | Annual | 08/31/2030 | 08/31/2030 |  | 100 | 100 | 0 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | Annual | 12/17/2032 | 12/17/2032 |  | 1000 | 1000 | (23) | 21 | (2) | (2) | (2) | 0 | 0 | 0 | (2) |
| Pay | Pay | 6-Month AUD-BBR-BBSW | 4.250 | Semi-Annual | Semi-Annual | 03/18/2036 | 03/18/2036 | AUD | 2400 | 2400 | 4 | (110) | (106) | (106) | (106) | 22 | 22 | 22 | 0 |
| Receive | Receive | 6-Month CLP-CHILIBOR | 4.490 | Semi-Annual | Semi-Annual | 10/01/2028 | 10/01/2028 | CLP | 40300 | 40300 | 0 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 |
| Receive | Receive | 6-Month CLP-CHILIBOR | 4.590 | Semi-Annual | Semi-Annual | 10/01/2029 | 10/01/2029 |  | 86300 | 86300 | 0 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 |
| Pay<sup>(1)</sup> | Pay<sup>(1)</sup> | 6-Month EUR-EURIBOR | 2.750 | Annual | Annual | 09/16/2036 | 09/16/2036 | EUR | 400 | 400 | (14) | (1) | (15) | (15) | (15) | 4 | 4 | 4 | 0 |
| Receive<sup>(1)</sup> | Receive<sup>(1)</sup> | 6-Month EUR-EURIBOR | 3.000 | Annual | Annual | 09/16/2056 | 09/16/2056 |  | 200 | 200 | 2 | 3 | 5 | 5 | 5 | 0 | 0 | 0 | (2) |
| **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** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | **(110)** | **(83)** | **(83)** | **$** | **38** | **38** | **$** | **(28)** |
| **Cash of $1,209 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $1,209 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $1,209 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $1,209 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $1,209 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $1,209 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $1,209 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $1,209 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $1,209 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $1,209 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $1,209 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $1,209 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $1,209 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $1,209 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $1,209 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $1,209 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $1,209 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $1,209 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $1,209 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $1,209 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** |
| <sup>(1)</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. |
| <sup>(2)</sup> | Unsettled variation margin asset of $11 for closed futures is outstanding at period end. | Unsettled variation margin asset of $11 for closed futures is outstanding at period end. | Unsettled variation margin asset of $11 for closed futures is outstanding at period end. | Unsettled variation margin asset of $11 for closed futures is outstanding at period end. | Unsettled variation margin asset of $11 for closed futures is outstanding at period end. | Unsettled variation margin asset of $11 for closed futures is outstanding at period end. | Unsettled variation margin asset of $11 for closed futures is outstanding at period end. | Unsettled variation margin asset of $11 for closed futures is outstanding at period end. | Unsettled variation margin asset of $11 for closed futures is outstanding at period end. | Unsettled variation margin asset of $11 for closed futures is outstanding at period end. | Unsettled variation margin asset of $11 for closed futures is outstanding at period end. | Unsettled variation margin asset of $11 for closed futures is outstanding at period end. | Unsettled variation margin asset of $11 for closed futures is outstanding at period end. | Unsettled variation margin asset of $11 for closed futures is outstanding at period end. | Unsettled variation margin asset of $11 for closed futures is outstanding at period end. | Unsettled variation margin asset of $11 for closed futures is outstanding at period end. | Unsettled variation margin asset of $11 for closed futures is outstanding at period end. | Unsettled variation margin asset of $11 for closed futures is outstanding at period end. | Unsettled variation margin asset of $11 for closed futures is outstanding at period end. |
| **(h)** | **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:** |
|  |  |  |  |  |  |  |  |  |  |  |  | <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 | 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 Delivered | Currency to<br>be Received | Currency to<br>be Received | Asset | Asset | Asset | Asset |  | Liability | Liability |
| &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | 04/2026  | 04/2026  | 04/2026  | BRL | BRL | 3794 | 3794 | 3794 | 3794 | 727 | 727 | 0 | 0 | 0 | 0 | $ | (6) | (6) |
|  |  | 04/2026  | 04/2026  | 04/2026  | CAD | CAD | 632 | 632 | 632 | 632 | 462 | 462 | 8 | 8 | 8 | 8 |  | 0 | 0 |
|  |  | 04/2026  | 04/2026  | 04/2026  | CNH | CNH | 124 | 124 | 124 | 124 | 18 | 18 | 0 | 0 | 0 | 0 |  | 0 | 0 |
|  |  | 04/2026  | 04/2026  | 04/2026  | EUR | EUR | 521 | 521 | 521 | 521 | 607 | 607 | 5 | 5 | 5 | 5 |  | 0 | 0 |
|  |  | 04/2026  | 04/2026  | 04/2026  | INR | INR | 3791 | 3791 | 3791 | 3791 | 40 | 40 | 0 | 0 | 0 | 0 |  | 0 | 0 |
|  |  | 04/2026  | 04/2026  | 04/2026  | JPY | JPY | 20584 | 20584 | 20584 | 20584 | 129 | 129 | 0 | 0 | 0 | 0 |  | (1) | (1) |
|  |  | 04/2026  | 04/2026  | 04/2026  | KRW | KRW | 14582 | 14582 | 14582 | 14582 | 10 | 10 | 0 | 0 | 0 | 0 |  | 0 | 0 |
|  |  | 04/2026  | 04/2026  | 04/2026  | PLN | PLN | 73 | 73 | 73 | 73 | 20 | 20 | 0 | 0 | 0 | 0 |  | 0 | 0 |
|  |  | 04/2026  | 04/2026  | 04/2026  | $ | $ | $727 | 727 | 727 | 727 | 3794 | 3794 | 5 | 5 | 5 | 5 |  | 0 | 0 |
|  |  | 04/2026  | 04/2026  | 04/2026  |  |  | 10 | 10 | 10 | 10 | 69 | 69 | 0 | 0 | 0 | 0 |  | 0 | 0 |
|  |  | 04/2026  | 04/2026  | 04/2026  |  |  | 3723 | 3723 | 3723 | 3723 | 3240 | 3240 | 21 | 21 | 21 | 21 |  | 0 | 0 |
|  |  | 04/2026  | 04/2026  | 04/2026  |  |  | 30 | 30 | 30 | 30 | 92 | 92 | 0 | 0 | 0 | 0 |  | (1) | (1) |
|  |  | 04/2026  | 04/2026  | 04/2026  |  |  | 40 | 40 | 40 | 40 | 3798 | 3798 | 0 | 0 | 0 | 0 |  | 0 | 0 |
|  |  | 05/2026  | 05/2026  | 05/2026  | EUR | EUR | 3240 | 3240 | 3240 | 3240 | 3729 | 3729 | 0 | 0 | 0 | 0 |  | (21) | (21) |
|  |  | 05/2026  | 05/2026  | 05/2026  | $ | $ | $129 | 129 | 129 | 129 | 20522 | 20522 | 1 | 1 | 1 | 1 |  | 0 | 0 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series LD (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 06/2026  | 231 | $75 | 1 | 0 |
|  | 06/2026  | 676 | 38 | 0 | 0 |
|  | 06/2026  | $26 | 138 | 0 | 0 |
|  | 10/2026  | 200 | $37 | 0 | 0 |
|  | 10/2026  | 2033 | 124 | 6 | 0 |
|  | 01/2027  | 16494 | 1003 | 53 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | 04/2026  | 5245 | 980 | 0 | (33) |
|  | 04/2026  | 36502 | 41 | 1 | 0 |
|  | 04/2026  | 69 | 10 | 0 | 0 |
|  | 04/2026  | 43 | 57 | 0 | 0 |
|  | 04/2026  | 183 | 59 | 1 | 0 |
|  | 04/2026  | 23959 | 16 | 0 | 0 |
|  | 04/2026  | 4481 | 139 | 3 | 0 |
|  | 04/2026  | $1002 | 5245 | 11 | 0 |
|  | 04/2026  | 40 | 36502 | 0 | (1) |
|  | 04/2026  | 239 | 4039583 | 0 | (1) |
|  | 04/2026  | 33 | 104 | 0 | 0 |
|  | 04/2026  | 17 | 24611 | 0 | (1) |
|  | 04/2026  | 103 | 373 | 0 | (3) |
|  | 04/2026  | 0 | 3 | 0 | 0 |
|  | 04/2026  | 137 | 4373 | 0 | 0 |
|  | 04/2026  | 599 | $35 | 0 | 0 |
|  | 05/2026  | 104 | 33 | 0 | 0 |
|  | 05/2026  | 10474 | 111 | 1 | 0 |
|  | 05/2026  | 2320 | 72 | 0 | (1) |
|  | 05/2026  | $40 | 210 | 0 | 0 |
|  | 05/2026  | 53 | 910275 | 0 | 0 |
|  | 05/2026  | 12 | 394 | 0 | 0 |
|  | 06/2026  | 36502 | $40 | 1 | 0 |
|  | 06/2026  | $41 | 683140 | 0 | 0 |
|  | 07/2026  | 600 | $112 | 0 | (2) |
|  | 07/2026  | $700 | 3763 | 11 | 0 |
|  | 10/2026  | 1300 | $237 | 0 | (4) |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | 04/2026  | $48 | 173 | 0 | (2) |
|  | 04/2026  | 69 | 1123 | 0 | (2) |
|  | 06/2026  | 46 | $15 | 0 | 0 |
|  | 06/2026  | $81 | 1401 | 0 | (3) |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | 04/2026  | 75 | $53 | 1 | 0 |
|  | 04/2026  | 35 | 5 | 0 | 0 |
|  | 04/2026  | 47 | 54 | 0 | 0 |
|  | 04/2026  | 41 | 55 | 1 | 0 |
|  | 04/2026  | 28934 | 310 | 5 | 0 |
|  | 04/2026  | 95 | 10 | 0 | 0 |
|  | 04/2026  | 73 | 2 | 0 | 0 |
|  | 04/2026  | 312 | 10 | 0 | 0 |
|  | 04/2026  | $466 | 663 | 0 | (8) |
|  | 04/2026  | 22 | 155 | 0 | 0 |
|  | 04/2026  | 760 | 70024 | 0 | (22) |
|  | 06/2026  | 45 | $15 | 0 | 0 |
|  | 06/2026  | $10 | 168441 | 0 | 0 |
|  | 06/2026  | 58 | 1035 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | 04/2026  | 702 | $101 | 0 | 0 |
|  | 04/2026  | 369 | 119 | 2 | 0 |
|  | 04/2026  | 11670 | 124 | 1 | 0 |
|  | 04/2026  | $438 | 638 | 3 | 0 |
|  | 04/2026  | 201 | 1376 | 0 | (1) |
|  | 04/2026  | 143 | 13499 | 0 | (1) |
|  | 04/2026  | 116 | 421 | 0 | (3) |
|  | 04/2026  | 646 | 826 | 0 | (4) |
|  | 04/2026  | 43 | 1418 | 0 | 0 |
|  | 05/2026  | 638 | $437 | 0 | (3) |
|  | 05/2026  | 824 | 646 | 4 | 0 |
|  | 05/2026  | $101 | 700 | 0 | 0 |
|  | 06/2026  | 1415 | $43 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | 04/2026  | 508 | 360 | 10 | 0 |
|  | 04/2026  | 108 | 140 | 5 | 0 |
|  | 04/2026  | 46 | 61 | 1 | 0 |
|  | 04/2026  | 20465 | 128 | 0 | (1) |
|  | 04/2026  | 596 | 348 | 6 | 0 |
|  | 04/2026  | $91 | 73 | 0 | 0 |
|  | 04/2026  | 254 | 189 | 0 | (4) |
|  | 04/2026  | 103 | 16089 | 0 | (2) |
|  | 04/2026  | 329 | 550 | 0 | (13) |
|  | 04/2026  | 53 | 193 | 0 | (2) |
|  | 05/2026  | 73 | $91 | 0 | 0 |
|  | 05/2026  | 172 | 54 | 0 | 0 |
|  | 05/2026  | $61 | 46 | 0 | (1) |
|  | 05/2026  | 128 | 20404 | 1 | 0 |
|  | 05/2026  | 348 | 596 | 0 | (6) |
|  | 06/2026  | 160 | $52 | 1 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; GLM | 04/2026  | 7380 | 1317 | 0 | (108) |
|  | 04/2026  | 198 | 64 | 1 | 0 |
|  | 04/2026  | 907 | 10 | 0 | 0 |
|  | 04/2026  | $1409 | 7380 | 16 | 0 |
|  | 04/2026  | 20 | 138 | 0 | 0 |
|  | 04/2026  | 6 | 105070 | 0 | 0 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series LD (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | 04/2026  | 04/2026  | 95 | 95 | MXN | 1757 |  | 3 | 3 | 3 |  | 0 |
|  |  | 04/2026  | 04/2026  | 27 | 27 | THB | 886 |  | 0 | 0 | 0 |  | 0 |
|  |  | 06/2026  | 06/2026  | 1059 | 1059 | $ | 197 |  | 0 | 0 | 0 |  | (5) |
|  |  | 06/2026  | 06/2026  | 335759 | 335759 |  | 20 |  | 0 | 0 | 0 |  | 0 |
|  |  | 06/2026  | 06/2026  | 183 | 183 |  | 10 |  | 0 | 0 | 0 |  | 0 |
|  |  | 06/2026  | 06/2026  | 884 | 884 |  | 27 |  | 0 | 0 | 0 |  | 0 |
|  |  | 06/2026  | 06/2026  | $78 | 78 | BRL | 414 |  | 1 | 1 | 1 |  | 0 |
|  |  | 06/2026  | 06/2026  | 32 | 32 | IDR | 544275 |  | 0 | 0 | 0 |  | 0 |
|  |  | 06/2026  | 06/2026  | 110 | 110 | MXN | 1912 |  | 0 | 0 | 0 |  | (4) |
|  |  | 07/2026  | 07/2026  | 71 | 71 | BRL | 379 |  | 1 | 1 | 1 |  | 0 |
|  |  | 10/2026  | 10/2026  | 2000 | 2000 | $ | 369 |  | 0 | 0 | 0 |  | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; IND | &nbsp;&nbsp;&nbsp;&nbsp; IND | 04/2026  | 04/2026  | 2699 | 2699 |  | 3186 |  | 67 | 67 | 67 |  | 0 |
|  |  | 04/2026  | 04/2026  | $27 | 27 | NZD | 45 |  | 0 | 0 | 0 |  | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp; JPM | 04/2026  | 04/2026  | 5700 | 5700 | $ | 1092 |  | 0 | 0 | 0 |  | (8) |
|  |  | 04/2026  | 04/2026  | 807 | 807 |  | 117 |  | 0 | 0 | 0 |  | (1) |
|  |  | 04/2026  | 04/2026  | 5999 | 5999 |  | 64 |  | 1 | 1 | 1 |  | 0 |
|  |  | 04/2026  | 04/2026  | 221 | 221 |  | 60 |  | 1 | 1 | 1 |  | 0 |
|  |  | 04/2026  | 04/2026  | 830 | 830 |  | 659 |  | 13 | 13 | 13 |  | 0 |
|  |  | 04/2026  | 04/2026  | $1079 | 1079 | BRL | 5700 |  | 21 | 21 | 21 |  | 0 |
|  |  | 04/2026  | 04/2026  | 64 | 64 | INR | 6009 |  | 0 | 0 | 0 |  | (1) |
|  |  | 04/2026  | 04/2026  | 107 | 107 | MXN | 1940 |  | 1 | 1 | 1 |  | 0 |
|  |  | 04/2026  | 04/2026  | 168 | 168 | ZAR | 2799 |  | 0 | 0 | 0 |  | (2) |
|  |  | 04/2026  | 04/2026  | 1193 | 1193 | $ | 70 |  | 0 | 0 | 0 |  | 0 |
|  |  | 05/2026  | 05/2026  | 78 | 78 |  | 53 |  | 0 | 0 | 0 |  | 0 |
|  |  | 05/2026  | 05/2026  | $107 | 107 | CNH | 737 |  | 1 | 1 | 1 |  | 0 |
|  |  | 06/2026  | 06/2026  | 111 | 111 | $ | 36 |  | 1 | 1 | 1 |  | 0 |
|  |  | 06/2026  | 06/2026  | 752 | 752 |  | 42 |  | 0 | 0 | 0 |  | 0 |
|  |  | 07/2026  | 07/2026  | 4700 | 4700 |  | 871 |  | 0 | 0 | 0 |  | (18) |
|  |  | 10/2026  | 10/2026  | 1200 | 1200 |  | 218 |  | 0 | 0 | 0 |  | (4) |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | &nbsp;&nbsp;&nbsp;&nbsp; MBC | 04/2026  | 04/2026  | 17 | 17 |  | 21 |  | 0 | 0 | 0 |  | 0 |
|  |  | 04/2026  | 04/2026  | 102 | 102 |  | 136 |  | 1 | 1 | 1 |  | 0 |
|  |  | 04/2026  | 04/2026  | 14839 | 14839 |  | 93 |  | 0 | 0 | 0 |  | (1) |
|  |  | 04/2026  | 04/2026  | 160238 | 160238 |  | 109 |  | 5 | 5 | 5 |  | 0 |
|  |  | 04/2026  | 04/2026  | 167 | 167 |  | 17 |  | 0 | 0 | 0 |  | 0 |
|  |  | 04/2026  | 04/2026  | 98 | 98 |  | 57 |  | 1 | 1 | 1 |  | 0 |
|  |  | 04/2026  | 04/2026  | 390 | 390 |  | 42 |  | 1 | 1 | 1 |  | 0 |
|  |  | 04/2026  | 04/2026  | 1881 | 1881 |  | 59 |  | 2 | 2 | 2 |  | 0 |
|  |  | 04/2026  | 04/2026  | $70 | 70 | AUD | 101 |  | 0 | 0 | 0 |  | 0 |
|  |  | 04/2026  | 04/2026  | 66 | 66 | CHF | 52 |  | 0 | 0 | 0 |  | (1) |
|  |  | 04/2026  | 04/2026  | 31 | 31 | EUR | 27 |  | 0 | 0 | 0 |  | 0 |
|  |  | 04/2026  | 04/2026  | 62 | 62 | GBP | 46 |  | 0 | 0 | 0 |  | (1) |
|  |  | 04/2026  | 04/2026  | 173 | 173 | JPY | 27162 |  | 0 | 0 | 0 |  | (2) |
|  |  | 04/2026  | 04/2026  | 35 | 35 | MXN | 639 |  | 1 | 1 | 1 |  | 0 |
|  |  | 04/2026  | 04/2026  | 17 | 17 | NOK | 167 |  | 0 | 0 | 0 |  | 0 |
|  |  | 04/2026  | 04/2026  | 57 | 57 | NZD | 98 |  | 0 | 0 | 0 |  | 0 |
|  |  | 05/2026  | 05/2026  | 31 | 31 | EUR | 27 |  | 0 | 0 | 0 |  | 0 |
|  |  | 05/2026  | 05/2026  | 0 | 0 | GBP | 0 |  | 0 | 0 | 0 |  | 0 |
|  |  | 05/2026  | 05/2026  | 93 | 93 | JPY | 14794 |  | 1 | 1 | 1 |  | 0 |
|  |  | 05/2026  | 05/2026  | 17 | 17 | NOK | 167 |  | 0 | 0 | 0 |  | 0 |
|  |  | 05/2026  | 05/2026  | 57 | 57 | NZD | 98 |  | 0 | 0 | 0 |  | (1) |
|  |  | 06/2026  | 06/2026  | 79 | 79 | $ | 4 |  | 0 | 0 | 0 |  | 0 |
|  |  | 06/2026  | 06/2026  | $60 | 60 | MXN | 1055 |  | 0 | 0 | 0 |  | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp; MYI | &nbsp;&nbsp;&nbsp;&nbsp; MYI | 04/2026  | 04/2026  | 35 | 35 | $ | 10 |  | 0 | 0 | 0 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | &nbsp;&nbsp;&nbsp;&nbsp; SCX | 04/2026  | 04/2026  | 129 | 129 |  | 4 |  | 0 | 0 | 0 |  | 0 |
|  |  | 04/2026  | 04/2026  | $457 | 457 | CAD | 633 |  | 0 | 0 | 0 |  | (2) |
|  |  | 04/2026  | 04/2026  | 83 | 83 | INR | 7520 |  | 0 | 0 | 0 |  | (3) |
|  |  | 04/2026  | 04/2026  | 81 | 81 | JPY | 12653 |  | 0 | 0 | 0 |  | (1) |
|  |  | 04/2026  | 04/2026  | 30 | 30 | PLN | 108 |  | 0 | 0 | 0 |  | (1) |
|  |  | 04/2026  | 04/2026  | 120 | 120 | TWD | 3832 |  | 0 | 0 | 0 |  | 0 |
|  |  | 05/2026  | 05/2026  | 632 | 632 | $ | 457 |  | 2 | 2 | 2 |  | 0 |
|  |  | 06/2026  | 06/2026  | 98469 | 98469 |  | 111 |  | 5 | 5 | 5 |  | 0 |
|  |  | 06/2026  | 06/2026  | $68 | 68 | IDR | 1139323 |  | 0 | 0 | 0 |  | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp;&nbsp; SSB | 04/2026  | 04/2026  | 819 | 819 | $ | 583 |  | 18 | 18 | 18 |  | 0 |
|  |  | 04/2026  | 04/2026  | $38 | 38 | SEK | 345 |  | 0 | 0 | 0 |  | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | 04/2026  | 04/2026  | 111 | 111 | $ | 30 |  | 0 | 0 | 0 |  | 0 |
|  |  | 04/2026  | 04/2026  | $133 | 133 | PLN | 480 |  | 0 | 0 | 0 |  | (3) |
|  |  | 06/2026  | 06/2026  | 197 | 197 | $ | 64 |  | 1 | 1 | 1 |  | 0 |
|  |  | 06/2026  | 06/2026  | 100 | 100 |  | 6 |  | 0 | 0 | 0 |  | 0 |
|  |  | 06/2026  | 06/2026  | $145 | 145 | MXN | 2537 |  | 0 | 0 | 0 |  | (5) |
| **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** | $**336** | **336** | **336** | **$** | $**(332)** | **(332)** |
| **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:** |
| **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 | Description | Floating Rate<br>Index | Floating Rate<br>Index | Exercise<br>Rate | Exercise<br>Rate | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Cost | Cost |  | Market<br>Value |
| FAR | Call - OTC 1-Year Interest Rate Swap  | Call - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.000% | 3.000% | 8400 | 8400 | 8400 | $8 | 8 | $ | $6 |
| GLM | Call - OTC 1-Year Interest Rate Swap  | Call - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.000 | 3.000 | 24600 | 24600 | 24600 | 18 | 18 |  | 16 |
|  | Call - OTC 1-Year Interest Rate Swap  | Call - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.000 | 3.000 | 8800 | 8800 | 8800 | 10 | 10 |  | 6 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series LD (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| MYC | MYC | Call - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.000 | 08/03/2026 | 08/03/2026 | 08/03/2026 |  | 10000 |  | 9 | 9 | 9 | 7 | 7 |
|  |  | Call - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 3.000 | 08/11/2026 | 08/11/2026 | 08/11/2026 |  | 9600 |  | 11 | 11 | 11 | 7 | 7 |
| **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** | **Total Purchased Options** | **$** | **56** | **56** | **56** | $**42** | **42** |
| **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 SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(6)</sup> | <u>Swap Agreements, at Value</u><sup>(6)</sup> | <u>Swap Agreements, at Value</u><sup>(6)</sup> |
| Counterparty | Reference Entity | Reference Entity | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Implied<br>Credit Spread at<br>March 31, 2026<sup>(4)</sup> | Implied<br>Credit Spread at<br>March 31, 2026<sup>(4)</sup> | Implied<br>Credit Spread at<br>March 31, 2026<sup>(4)</sup> | Notional<br>Amount<sup>(5)</sup> | Notional<br>Amount<sup>(5)</sup> | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| MYC | South Korea Government International Bonds  | South Korea Government International Bonds  | Quarterly | 12/20/2030 | 12/20/2030 | 0.324% | 0.324% | 0.324% | $800 | 800 | (31) | (31) | $7 | 7 | $0 | 0 | $(24) |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(3)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(6)</sup> | <u>Swap Agreements, at Value</u><sup>(6)</sup> | <u>Swap Agreements, at Value</u><sup>(6)</sup> |
| Counterparty | Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount<sup>(5)</sup> |  | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| BOA | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | 5.000% | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | EUR | 500 | $ | 114 | 114 | (14) | (14) | 100 | 100 | 0 |
| JPM | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 |  | 100 |  | 23 | 23 | (3) | (3) | 20 | 20 | 0 |
|  |  |  |  |  |  |  |  |  |  |  | 137 | 137 | $(17) | (17) | $120 | 120 | $0 |
| **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** | **Total Swap Agreements** | **Total Swap Agreements** | **106** | **106** | $**(10)** | **(10)** | $**120** | **120** | $**(24)** |
| <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. | 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 Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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>(3)</sup> | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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>(4)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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>(5)</sup> | The maximum potential amount the Portfolio 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 Portfolio 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 Portfolio 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 Portfolio 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 Portfolio 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 Portfolio 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 Portfolio 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 Portfolio 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 Portfolio 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 Portfolio 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 Portfolio 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 Portfolio 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 Portfolio 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 Portfolio 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 Portfolio 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 Portfolio 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 Portfolio 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>(6)</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. |
| **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** | **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 Portfolio'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 Portfolio'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 Portfolio'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 Portfolio'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 Portfolio'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 Portfolio'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 Portfolio'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 Portfolio'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 Portfolio'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 Portfolio'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 Portfolio'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 Portfolio'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 Portfolio'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 Portfolio'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 Portfolio'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 Portfolio'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 Portfolio's assets and liabilities**: |  |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Level 1 | Level 1 | Level 1 | Level 2 | Level 2 | Level 2 | Level 3 | Level 3 | Level 3 | Fair Value<br>at 03/31/2026 | 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** | **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** |  |
| 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 | $0 | 0 | 0 | $ | 17816 | 17816 | $0 | 0 | 0 | $ | 17816 | 17816 |  |
| Industrials | Industrials | Industrials | Industrials | Industrials | 0 | 0 | 0 |  | 7283 | 7283 | 0 | 0 | 0 |  | 7283 | 7283 |  |
| Utilities | Utilities | Utilities | Utilities | Utilities | 0 | 0 | 0 |  | 1400 | 1400 | 0 | 0 | 0 |  | 1400 | 1400 |  |
| U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | 0 | 0 | 0 |  | 28759 | 28759 | 0 | 0 | 0 |  | 28759 | 28759 |  |
| U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 0 | 0 |  | 345 | 345 | 0 | 0 | 0 |  | 345 | 345 |  |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 0 | 0 |  | 7377 | 7377 | 0 | 0 | 0 |  | 7377 | 7377 |  |
| 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 | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |  |
| Automobile ABS Other | Automobile ABS Other | Automobile ABS Other | Automobile ABS Other | Automobile ABS Other | 0 | 0 | 0 |  | 867 | 867 | 0 | 0 | 0 |  | 867 | 867 |  |
| Automobile Sequential | Automobile Sequential | Automobile Sequential | Automobile Sequential | Automobile Sequential | 0 | 0 | 0 |  | 198 | 198 | 0 | 0 | 0 |  | 198 | 198 |  |
| CMBS Other | CMBS Other | CMBS Other | CMBS Other | CMBS Other | 0 | 0 | 0 |  | 17 | 17 | 0 | 0 | 0 |  | 17 | 17 |  |
| Credit Card Bullet | Credit Card Bullet | Credit Card Bullet | Credit Card Bullet | Credit Card Bullet | 0 | 0 | 0 |  | 602 | 602 | 0 | 0 | 0 |  | 602 | 602 |  |
| Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | 0 | 0 | 0 |  | 1315 | 1315 | 0 | 0 | 0 |  | 1315 | 1315 |  |
| Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | 0 | 0 | 0 |  | 565 | 565 | 0 | 0 | 0 |  | 565 | 565 |  |
| Other ABS | Other ABS | Other ABS | Other ABS | Other ABS | 0 | 0 | 0 |  | 16177 | 16177 | 0 | 0 | 0 |  | 16177 | 16177 |  |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 0 |  | 3911 | 3911 | 0 | 0 | 0 |  | 3911 | 3911 |  |
| 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 | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |  |
| Mutual Funds | Mutual Funds | Mutual Funds | Mutual Funds | Mutual Funds | 0 | 0 | 0 |  | 425 | 425 | 0 | 0 | 0 |  | 425 | 425 |  |
| South Africa Treasury Bills | South Africa Treasury Bills | South Africa Treasury Bills | South Africa Treasury Bills | South Africa Treasury Bills | 0 | 0 | 0 |  | 1083 | 1083 | 0 | 0 | 0 |  | 1083 | 1083 |  |
|  |  |  |  |  | $0 | 0 | 0 | $ | 88140 | 88140 | $0 | 0 | 0 | $ | 88140 | 88140 |  |
| **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** | **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 | 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 | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | $3089 | 3089 | 3089 | $ | 0 | 0 | $0 | 0 | 0 | $ | 3089 | 3089 |  |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series LD (Cont.) March 31, 2026 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Total Investments | $3089 | $88140 | $0 | $91229 |
| **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  |
| U.S. Government Agencies | $0 | $(9323) | $0 | $(9323) |
| **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 | 90 | 38 | 0 | 128 |
| Over the counter | 0 | 498 | 0 | 498 |
|  | $90 | $536 | $0 | $626 |
| **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 | (38) | 28 | 0 | (66) |
| Over the counter | 0 | (356) | 0 | (356) |
|  | $(38) | $(384) | $0 | $(422) |
| Total Financial Derivative Instruments | $52 | $152 | $0 | $204 |
| Totals | $3141 | $78969 | $0 | $82110 |
| **There were no significant transfers into or out of Level 3 during the period ended March 31, 2026.** | **There were no significant transfers into or out of Level 3 during the period ended March 31, 2026.** | **There were no significant transfers into or out of Level 3 during the period ended March 31, 2026.** | **There were no significant transfers into or out of Level 3 during the period ended March 31, 2026.** | **There were no significant transfers into or out of Level 3 during the period ended March 31, 2026.** |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series M 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 136.3% ¤** |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.3%**  |  |  |
| **Castlelake LP**<br>2.950% due 05/12/2031 «~ | $6008 | $5629 |
| Total Loan Participations and Assignments (Cost $6,003) |  | 5629 |
| **CORPORATE BONDS & NOTES 31.8%**  |  |  |
| **BANKING & FINANCE 19.5%**  |  |  |
| **Ally Financial, Inc.** <br>6.848% due 01/03/2030 •(g) | 3600 | 3758 |
| **American Homes 4 Rent LP** <br>5.250% due 03/15/2035 | 3000 | 2959 |
| **American Tower Corp.** <br>5.550% due 07/15/2033 | 1100 | 1131 |
| **Antares Holdings LP**  |  |  |
| 6.350% due 10/23/2029  | 4300 | 4259 |
| 7.950% due 08/11/2028  | 7550 | 7831 |
| **Athene Global Funding**  |  |  |
| 5.380% due 01/07/2030  | 3000 | 3007 |
| 5.526% due 07/11/2031  | 5000 | 5005 |
| **Aviation Capital Group LLC** <br>6.750% due 10/25/2028 | 5250 | 5498 |
| **Avolon Holdings Funding Ltd.** <br>2.528% due 11/18/2027 | 107 | 103 |
| **Banco Bilbao Vizcaya Argentaria SA** <br>6.033% due 03/13/2035 •  | 5000 | 5198 |
| **Banco Santander SA**  |  |  |
| 5.538% due 03/14/2030 •  | 3800 | 3892 |
| 6.033% due 01/17/2035  | 3200 | 3347 |
| **Bank of America Corp.** <br>5.288% due 04/25/2034 •  | 15000 | 15188 |
| **Barclays PLC**  |  |  |
| 6.224% due 05/09/2034 •  | 2000 | 2101 |
| 7.437% due 11/02/2033 •  | 1200 | 1342 |
| **BGC Group, Inc.**  |  |  |
| 6.150% due 04/02/2030  | 4000 | 4071 |
| 8.000% due 05/25/2028  | 4300 | 4535 |
| **Blue Cross & Blue Shield of Minnesota** <br>4.850% due 09/30/2030 «(f) | 4700 | 4627 |
| **Blue Owl Capital Corp.** <br>2.875% due 06/11/2028 | 9700 | 9019 |
| **BPCE SA**  |  |  |
| 6.714% due 10/19/2029 •  | 7500 | 7847 |
| 7.003% due 10/19/2034 •  | 7500 | 8200 |
| **Broadstone Net Lease LLC** <br>5.000% due 11/01/2032 | 2900 | 2854 |
| **Capital One Financial Corp.** <br>7.624% due 10/30/2031 •  | 5000 | 5524 |
| **CI Financial Corp.** <br>4.100% due 06/15/2051 | 5000 | 3320 |
| **Citadel Finance LLC**  |  |  |
| 4.750% due 02/14/2029  | 3600 | 3530 |
| 5.900% due 02/10/2030  | 4100 | 4122 |
| **Citadel LP** <br>6.375% due 01/23/2032 | 2700 | 2800 |
| **Citigroup, Inc.**  |  |  |
| 3.785% due 03/17/2033 •  | 2000 | 1877 |
| 5.449% due 06/11/2035 •  | 12000 | 12172 |
| 6.270% due 11/17/2033 •  | 7000 | 7485 |
| **Cousins Properties LP**  |  |  |
| 5.250% due 07/15/2030  | 3800 | 3852 |
| 5.375% due 02/15/2032  | 2400 | 2416 |
| **Credit Agricole SA** <br>5.862% due 01/09/2036 •  | 3000 | 3092 |
| **Credit Suisse AG AT1 Claim** | 5500 | 1925 |
| **Crown Castle, Inc.** <br>5.200% due 09/01/2034 | 3000 | 2967 |
| **DaVinciRe Holdings Ltd.** <br>5.950% due 04/15/2035 | 3150 | 3143 |
| **Deloitte LLP**  |  |  |
| 5.410% due 01/30/2032 «(f)  | 1800 | 1806 |
| 5.590% due 01/30/2035 «(f)  | 1100 | 1095 |
| 5.970% due 01/30/2045 «(f)  | 900 | 869 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series M (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Doctors Co. An Interinsurance Exchange** <br>4.500% due 01/18/2032 | 2000 | 1823 |
| **Essex Portfolio LP** <br>5.500% due 04/01/2034 | 5000 | 5072 |
| **F&G Annuities & Life, Inc.** <br>6.500% due 06/04/2029 | 2600 | 2612 |
| **Fairfax Financial Holdings Ltd.** <br>4.850% due 04/17/2028 | 4000 | 4018 |
| **Ford Motor Credit Co. LLC**  |  |  |
| 5.800% due 03/05/2027  | 1000 | 1006 |
| 6.125% due 03/08/2034  | 4000 | 3964 |
| 6.800% due 05/12/2028  | 8000 | 8243 |
| 7.350% due 11/04/2027  | 5000 | 5162 |
| **Freedom Mortgage Holdings LLC** <br>8.375% due 04/01/2032 | 3000 | 2954 |
| **FS KKR Capital Corp.**  |  |  |
| 2.625% due 01/15/2027  | 9000 | 8736 |
| 6.875% due 08/15/2029  | 3200 | 3147 |
| **GA Global Funding Trust**  |  |  |
| 4.500% due 09/18/2030  | 5000 | 4817 |
| 5.500% due 01/08/2029  | 3000 | 3038 |
| 5.900% due 01/13/2035  | 2000 | 1986 |
| **Global Atlantic Fin Co.** <br>6.750% due 03/15/2054 | 400 | 373 |
| **GLP Capital LP/GLP Financing II, Inc.**  |  |  |
| 5.625% due 09/15/2034  | 1500 | 1478 |
| 5.750% due 11/01/2037  | 4000 | 3875 |
| **Goldman Sachs Group, Inc.** <br>6.561% due 10/24/2034 •  | 5000 | 5438 |
| **Golub Capital Private Credit Fund**  |  |  |
| 0.000% due 08/15/2028  | 4600 | 4538 |
| 5.875% due 05/01/2030  | 2000 | 1964 |
| **HA Sustainable Infrastructure Capital, Inc.** <br>6.375% due 07/01/2034 | 3200 | 3223 |
| **HPS Corporate Lending Fund** <br>4.900% due 09/11/2028 | 1200 | 1170 |
| **HSBC Holdings PLC**  |  |  |
| 2.848% due 06/04/2031 •  | 1600 | 1479 |
| 5.719% due 03/04/2035 •  | 2000 | 2053 |
| **ING Groep NV** <br>4.500% due 05/23/2029 •  | 400 | 472 |
| **Invitation Homes Operating Partnership LP**  |  |  |
| 4.150% due 04/15/2032  | $1101 | 1034 |
| 4.875% due 02/01/2035  | 1000 | 955 |
| **Jane Street Group/JSG Finance, Inc.** <br>7.125% due 04/30/2031 | 2000 | 2057 |
| **JPMorgan Chase & Co.** <br>5.294% due 07/22/2035 •  | 2400 | 2430 |
| **KBC Group NV** <br>6.324% due 09/21/2034 •  | 3000 | 3211 |
| **Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.** <br>5.500% due 08/01/2030 | 1500 | 1504 |
| **Liberty Mutual Group, Inc.**  |  |  |
| 4.125% due 12/15/2051 •  | 6700 | 6547 |
| 4.300% due 02/01/2061  | 4000 | 2505 |
| **LPL Holdings, Inc.** <br>5.750% due 06/15/2035 | 4000 | 3986 |
| **Marex Group PLC** <br>5.829% due 05/08/2028 | 4000 | 4044 |
| **Massachusetts Mutual Life Insurance Co.** <br>5.077% due 02/15/2069 •  | 4500 | 4005 |
| **Morgan Stanley**  |  |  |
| 0.000% due 04/02/2032 þ(f)  | 8000 | 5961 |
| 5.250% due 04/21/2034 •  | 20000 | 20070 |
| **Nissan Motor Acceptance Co. LLC** <br>5.698% (SOFRINDX + 2.050%) due 09/13/2027 ~ | 308 | 306 |
| **Nomura Holdings, Inc.** <br>5.783% due 07/03/2034 | 2750 | 2826 |
| **Oaktree Strategic Credit Fund** <br>6.500% due 07/23/2029 | 1500 | 1504 |
| **OneMain Finance Corp.** <br>6.625% due 01/15/2028 | 205 | 207 |
| **Prologis LP** <br>4.200% due 02/15/2033 | 4000 | 2866 |
| **Royal Bank of Scotland International Ltd.** <br>4.660% due 12/16/2028 «(f) | $6000 | 5923 |
| **Sabra Health Care LP** <br>3.900% due 10/15/2029 | 4600 | 4468 |
| **Sammons Financial Group Global Funding**  |  |  |
| 4.800% due 12/12/2030  | 10250 | 10172 |
| 5.100% due 12/10/2029  | 2500 | 2527 |
| **Sixth Street Lending Partners** <br>6.125% due 07/15/2030 | 1500 | 1492 |
| **Stellantis Finance U.S., Inc.** <br>6.450% due 03/18/2035 (g) | 5300 | 5224 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series M (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Stellantis Financial Services U.S. Corp.** <br>5.400% due 09/15/2030 | 2000 | 1965 |
| **Takeoff Merger Sub, Inc.** <br>4.500% due 03/24/2029 | 5900 | 5863 |
| **Tesco Property Finance 3 PLC** <br>5.744% due 04/13/2040 | 553 | 718 |
| **Tesco Property Finance 4 PLC** <br>5.801% due 10/13/2040 | 606 | 785 |
| **Tesco Property Finance 5 PLC** <br>5.661% due 10/13/2041 | 89 | 115 |
| **Trustage Financial Group, Inc.** <br>4.625% due 04/15/2032 | $5300 | 5071 |
| **UBS Group AG** <br>5.699% due 02/08/2035 •  | 9000 | 9229 |
| **VICI Properties LP** <br>5.625% due 04/01/2035 | 4800 | 4780 |
| **Wells Fargo & Co.** <br>3.350% due 03/02/2033 •  | 4000 | 3674 |
|  |  | 378432 |
| **INDUSTRIALS 9.5%**  |  |  |
| **Adventist Health System** <br>4.742% due 12/01/2030 | 480 | 476 |
| **Air Canada** <br>4.625% due 08/15/2029 | 900 | 640 |
| **Alaska Airlines Pass-Through Trust** <br>4.800% due 02/15/2029 | $1991 | 1993 |
| **American Airlines Pass-Through Trust**  |  |  |
| 3.150% due 08/15/2033  | 4047 | 3777 |
| 3.375% due 11/01/2028  | 3745 | 3700 |
| 3.500% due 08/15/2033  | 405 | 374 |
| **Bacardi Ltd.** <br>4.700% due 05/15/2028 | 1000 | 999 |
| **Bayer U.S. Finance II LLC** <br>4.375% due 12/15/2028 | 358 | 354 |
| **Bayer U.S. Finance LLC**  |  |  |
| 6.500% due 11/21/2033  | 2200 | 2340 |
| 6.875% due 11/21/2053  | 2300 | 2425 |
| **Beignet Investor LLC** <br>6.581% due 05/30/2049 | 71150 | 73208 |
| **Booz Allen Hamilton, Inc.** <br>5.950% due 04/15/2035 | 2000 | 2018 |
| **Cheniere Energy, Inc.** <br>5.650% due 04/15/2034 | 2000 | 2060 |
| **CommonSpirit Health** <br>5.662% due 09/01/2055 | 5800 | 5590 |
| **CVS Pass-Through Trust** <br>7.507% due 01/10/2032 | 3364 | 3553 |
| **Diageo Investment Corp.** <br>5.625% due 04/15/2035 | 1500 | 1554 |
| **Diamondback Energy, Inc.** <br>5.550% due 04/01/2035 | 2600 | 2654 |
| **DR Horton, Inc.** <br>5.000% due 10/15/2034 | 4000 | 3949 |
| **Energy Transfer LP**  |  |  |
| 5.600% due 09/01/2034  | 6000 | 6117 |
| 6.200% due 04/01/2055  | 4000 | 3890 |
| **Eni SpA** <br>5.750% due 05/19/2035 | 1800 | 1868 |
| **Flex Intermediate Holdco LLC**  |  |  |
| 3.363% due 06/30/2031  | 2800 | 2551 |
| 4.317% due 12/30/2039  | 2800 | 2357 |
| **Gartner, Inc.** <br>5.600% due 11/20/2035 | 5100 | 4841 |
| **HCA, Inc.** <br>5.750% due 03/01/2035 | 2500 | 2571 |
| **Kraft Heinz Foods Co.** <br>4.375% due 06/01/2046 | 5000 | 3913 |
| **Mondelez International, Inc.** <br>4.625% due 07/03/2031 | 5000 | 3700 |
| **National Fuel Gas Co.** <br>5.950% due 03/15/2035 | $1650 | 1708 |
| **Nissan Motor Co. Ltd.** <br>4.810% due 09/17/2030 | 3100 | 2818 |
| **Quanta Services, Inc.** <br>5.250% due 08/09/2034 | 2700 | 2718 |
| **Rolls-Royce PLC**  |  |  |
| 1.625% due 05/09/2028  | 100 | 112 |
| 3.375% due 06/18/2026  | 100 | 132 |
| **Salesforce, Inc.** <br>4.650% due 03/15/2029 | $7200 | 7216 |
| **Smith & Nephew PLC** <br>5.400% due 03/20/2034 | 5000 | 5074 |
| **South Bow USA Infrastructure Holdings LLC**  |  |  |
| 4.911% due 09/01/2027  | 2000 | 2009 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series M (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.026% due 10/01/2029  | 2400 | 2416 |
| **Tennessee Gas Pipeline Co. LLC** <br>2.900% due 03/01/2030 | 3800 | 3562 |
| **Turkish Airlines Pass-Through Trust** <br>4.200% due 09/15/2028 | 857 | 847 |
| **United Airlines Pass-Through Trust** <br>5.450% due 08/15/2038 | 1786 | 1825 |
| **Vale Overseas Ltd.** <br>6.400% due 06/28/2054 | 3000 | 3041 |
| **Venture Global Calcasieu Pass LLC** <br>4.125% due 08/15/2031 | 2500 | 2320 |
| **Weir Group, Inc.** <br>5.350% due 05/06/2030 | 2200 | 2231 |
| **Woodside Finance Ltd.** <br>6.000% due 05/19/2035 | 3350 | 3493 |
|  |  | 184994 |
| **UTILITIES 2.8%**  |  |  |
| **AES Corp.** <br>5.800% due 03/15/2032 | 5000 | 5030 |
| **Appalachian Power Co.** <br>5.650% due 04/01/2034 | 1900 | 1956 |
| **Black Hills Corp.** <br>6.000% due 01/15/2035 | 4100 | 4258 |
| **Edison International**  |  |  |
| 5.450% due 06/15/2029  | 600 | 606 |
| 5.750% due 06/15/2027  | 1800 | 1814 |
| **Electricite de France SA** <br>5.950% due 04/22/2034 | 5500 | 5749 |
| **EPH Financing International AS** <br>6.651% due 11/13/2028 | 6000 | 7341 |
| **FORESEA Holding SA** <br>7.500% due 06/15/2030 | $27 | 27 |
| **IPALCO Enterprises, Inc.** <br>4.250% due 05/01/2030 | 2600 | 2506 |
| **Pacific Gas & Electric Co.**  |  |  |
| 4.500% due 07/01/2040  | 1500 | 1281 |
| 4.550% due 07/01/2030  | 1300 | 1283 |
| 4.750% due 02/15/2044  | 3000 | 2509 |
| 4.950% due 07/01/2050  | 700 | 580 |
| 6.000% due 08/15/2035  | 2000 | 2067 |
| 6.700% due 04/01/2053  | 4700 | 4870 |
| **PPL Capital Funding, Inc.** <br>5.250% due 09/01/2034 | 2900 | 2924 |
| **Puget Energy, Inc.** <br>5.725% due 03/15/2035 | 3000 | 3025 |
| **SCE Recovery Funding LLC** <br>5.341% due 03/15/2047 | 5000 | 4969 |
| **Southern California Edison Co.** <br>4.875% due 03/01/2049 | 400 | 335 |
| **System Energy Resources, Inc.** <br>6.000% due 04/15/2028 | 1900 | 1953 |
|  |  | 55083 |
| Total Corporate Bonds & Notes (Cost $618,579) |  | 618509 |
| **MUNICIPAL BONDS & NOTES 0.5%**  |  |  |
| **CALIFORNIA 0.5%**  |  |  |
| **Golden State, California Tobacco Securitization Corp. Revenue Bonds, Series 2021** <br>3.850% due 06/01/2050 | 6605 | 6038 |
| **Newport Beach, California Certificates of Participation Bonds, (BABs), Series 2010** <br>7.168% due 07/01/2040 | 3400 | 3781 |
|  |  | 9819 |
| **PENNSYLVANIA 0.0%**  |  |  |
| **Pennsylvania Economic Development Financing Authority Revenue Bonds, (BABs), Series 2010** <br>6.532% due 06/15/2039 | 600 | 652 |
| Total Municipal Bonds & Notes (Cost $10,142) |  | 10471 |
| **U.S. GOVERNMENT AGENCIES 42.5%**  |  |  |
| **Federal Home Loan Mortgage Corp.**  |  |  |
| 4.000% due 11/01/2047 - 03/01/2049 | 15 | 14 |
| 5.000% due 07/01/2053 | 20341 | 20143 |
| 5.455% due 08/01/2032 •  | 10 | 10 |
| 5.500% due 12/01/2053 - 11/01/2055 | 7991 | 8148 |
| 5.875% due 01/01/2032 •  | 10 | 11 |
| 5.985% due 02/01/2033 •  | 4 | 4 |
| 6.000% due 02/01/2055 - 09/01/2055 | 17908 | 18680 |
| 6.375% due 10/01/2032 •  | 2 | 2 |
| 6.625% due 10/01/2032 •  | 22 | 23 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series M (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 7.000% due 12/01/2029 - 03/01/2030 | 2 | 2 |
| **Federal Home Loan Mortgage Corp. REMICS**  |  |  |
| 4.237% due 08/15/2029 - 12/15/2031 •  | 1 | 1 |
| 4.337% due 03/15/2032 •  | 1 | 1 |
| 6.000% due 12/15/2028 | 20 | 20 |
| 7.500% due 08/15/2030 | 6 | 6 |
| **Federal National Mortgage Association**  |  |  |
| 3.000% due 01/01/2046 | 61 | 55 |
| 3.500% due 05/01/2047 | 85 | 79 |
| 4.000% due 12/01/2044 | 9 | 9 |
| 5.500% due 09/01/2053 - 09/01/2055 | 1282 | 1306 |
| 5.723% due 11/01/2032 •  | 4 | 4 |
| 5.835% due 01/01/2033 •  | 6 | 6 |
| 5.948% due 12/01/2034 •  | 14 | 14 |
| 6.000% due 08/01/2054 - 09/01/2054 | 3055 | 3160 |
| 6.220% due 09/01/2027 •  | 3 | 3 |
| 6.370% due 05/01/2033 •  | 8 | 9 |
| **Federal National Mortgage Association Grantor Trust**  |  |  |
| 5.151% due 05/25/2042 ~ | 4 | 4 |
| 5.403% due 03/25/2041 ~ | 4 | 4 |
| **Government National Mortgage Association**  |  |  |
| 5.125% due 10/20/2027 •  | 1 | 0 |
| 5.375% due 07/20/2027 - 07/20/2029 •  | 4 | 4 |
| 5.625% due 01/20/2027 - 06/20/2032 •  | 17 | 15 |
| **Government National Mortgage Association, TBA**<br>2.500% due 05/01/2056 | 350900 | 301747 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 4.500% due 05/01/2056 - 06/01/2056 | 140000 | 134962 |
| 5.000% due 05/01/2056 | 188000 | 185193 |
| 5.500% due 06/01/2056 | 38400 | 38488 |
| 6.000% due 06/01/2056 | 24200 | 24633 |
| 6.500% due 06/01/2056 | 86900 | 89827 |
| Total U.S. Government Agencies (Cost $827,070) |  | 826587 |
| **U.S. TREASURY OBLIGATIONS 10.7%**  |  |  |
| **U.S. Treasury Bonds**  |  |  |
| 4.250% due 08/15/2054 (k) | 15300 | 13706 |
| 4.625% due 02/15/2046 (g) | 48000 | 46279 |
| 4.750% due 08/15/2055 (k) | 61000 | 59456 |
| 4.875% due 08/15/2045 (k) | 50 | 50 |
| **U.S. Treasury Inflation Protected Securities (d)** |  |  |
| 1.250% due 04/15/2028 (i) | 54212 | 54438 |
| 1.750% due 01/15/2034 (i) | 33644 | 33515 |
| Total U.S. Treasury Obligations (Cost $208,731) |  | 207444 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 14.0%**  |  |  |
| **Adjustable Rate Mortgage Trust**  |  |  |
| 4.070% due 01/25/2036 ~  | 4 | 3 |
| 4.360% due 02/25/2036 ~  | 68 | 43 |
| 4.757% due 11/25/2035 ~  | 52 | 37 |
| **American Home Mortgage Assets Trust**  |  |  |
| 4.003% due 10/25/2046 •  | 310 | 156 |
| 4.173% due 09/25/2046 •  | 260 | 253 |
| 4.779% due 11/25/2046 •  | 470 | 110 |
| **Arroyo Mortgage Trust** <br>4.950% due 07/25/2057 þ | 1738 | 1734 |
| **Banc of America Alternative Loan Trust** <br>6.000% due 07/25/2046 | 55 | 48 |
| **Banc of America Funding Trust**  |  |  |
| 4.096% due 08/27/2036 ~  | 4141 | 4011 |
| 4.170% due 10/20/2036 •  | 62 | 49 |
| 4.213% due 04/25/2037 •  | 48 | 40 |
| 4.390% due 05/20/2047 •  | 21 | 20 |
| 4.491% due 09/20/2047 ~  | 58 | 51 |
| 4.593% due 05/25/2037 •  | 47 | 43 |
| 4.598% due 09/20/2046 ~  | 28 | 26 |
| 5.148% due 04/20/2035 ~  | 36 | 35 |
| 5.500% due 03/25/2036  | 5 | 5 |
| 5.710% due 02/20/2036 ~  | 60 | 57 |
| 5.831% due 04/25/2037 ~  | 309 | 266 |
| **Banc of America Mortgage Trust**  |  |  |
| 5.281% due 02/25/2034 ~  | 45 | 45 |
| 5.339% due 05/25/2035 ~  | 167 | 150 |
| 5.500% due 09/25/2035  | 97 | 85 |
| 5.500% due 05/25/2037  | 55 | 42 |
| 5.582% due 07/25/2035 ~  | 4 | 4 |
| **BCAP LLC Trust**  |  |  |
| 3.784% due 07/26/2036 ~  | 13 | 12 |
| 4.093% due 05/25/2047 •  | 21 | 19 |
| 4.233% due 05/25/2047 •  | 135 | 123 |
| 4.495% due 03/26/2037 ~  | 47 | 43 |
| 4.900% due 03/27/2037 ~  | 174 | 151 |
| 5.093% due 09/25/2047 •  | 43 | 39 |
| 6.193% due 10/25/2047 •  | 7390 | 5572 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series M (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Bear Stearns ALT-A Trust**  |  |  |
| 4.047% due 08/25/2036 ~  | 196 | 129 |
| 4.126% due 11/25/2036 ~  | 64 | 27 |
| 4.233% due 04/25/2036 •  | 50 | 46 |
| 4.375% due 02/25/2036 ~  | 149 | 104 |
| 4.382% due 02/25/2036 ~  | 14 | 12 |
| 4.539% due 05/25/2036 ~  | 293 | 139 |
| 4.665% due 01/25/2036 ~  | 1470 | 1377 |
| 4.686% due 07/25/2035 ~  | 264 | 159 |
| 5.158% due 05/25/2035 ~  | 20 | 20 |
| 5.224% due 06/25/2034 ~  | 640 | 585 |
| **Bear Stearns ARM Trust**  |  |  |
| 4.065% due 05/25/2047 ~  | 69 | 63 |
| 4.152% due 05/25/2034 ~  | 15 | 14 |
| 4.335% due 02/25/2036 ~  | 28 | 26 |
| 4.503% due 03/25/2035 ~  | 19 | 17 |
| 4.849% due 02/25/2034 ~  | 19 | 17 |
| 4.875% due 01/25/2035 ~  | 5 | 5 |
| 5.619% due 11/25/2034 ~  | 18 | 17 |
| 5.930% due 10/25/2035 ~  | 16 | 16 |
| 6.185% due 01/25/2034 ~  | 21 | 21 |
| 6.213% due 06/25/2035 ~  | 1 | 1 |
| 6.273% due 12/25/2046 •  | 240 | 202 |
| 6.420% due 10/25/2035 •  | 106 | 103 |
| **Bear Stearns Mortgage Funding Trust** <br>4.173% due 01/25/2037 •  | 41 | 39 |
| **Bear Stearns Structured Products, Inc. Trust** <br>4.788% due 01/26/2036 ~ | 233 | 167 |
| **Benchmark Mortgage Trust**  |  |  |
| 2.952% due 08/15/2057  | 4565 | 4311 |
| 4.077% due 07/15/2051  | 3262 | 3251 |
| **BMO Mortgage Trust** <br>5.625% due 12/15/2057 ~ | 3500 | 3604 |
| **Chase Home Lending Mortgage Trust**  |  |  |
| 3.250% due 03/25/2063 ~  | 5454 | 4904 |
| 3.250% due 09/25/2063 ~  | 3324 | 2981 |
| **Chase Mortgage Finance Trust**  |  |  |
| 4.011% due 03/25/2037 ~  | 14 | 13 |
| 4.452% due 09/25/2036 ~  | 448 | 383 |
| 4.531% due 03/25/2037 ~  | 27 | 26 |
| 6.000% due 05/25/2037  | 94 | 38 |
| **ChaseFlex Trust**  |  |  |
| 4.393% due 07/25/2037 •  | 106 | 94 |
| 5.000% due 07/25/2037  | 68 | 21 |
| **ChaseFlex Trust Multi-Class Mortgage Pass-Through Certificates** <br>4.204% due 08/25/2037 þ | 18 | 15 |
| **Chevy Chase Funding LLC Mortgage-Backed Certificates** <br>4.023% due 10/25/2035 •  | 402 | 391 |
| **CHL Mortgage Pass-Through Trust**  |  |  |
| 4.001% due 05/20/2036 ~  | 66 | 62 |
| 4.181% due 02/20/2036 ~  | 88 | 82 |
| 4.194% due 11/25/2037 ~  | 61 | 56 |
| 4.253% due 05/25/2035 •  | 33 | 29 |
| 4.303% due 05/20/2036 ~  | 21 | 20 |
| 4.333% due 02/25/2035 •  | 3 | 3 |
| 4.413% due 03/25/2035 •  | 110 | 102 |
| 4.473% due 03/25/2036 •  | 3 | 2 |
| 4.533% due 02/25/2035 •  | 146 | 139 |
| 4.573% due 02/25/2035 •  | 124 | 118 |
| 4.657% due 01/25/2036 ~  | 20 | 20 |
| 4.787% due 11/25/2034 ~  | 24 | 23 |
| 5.230% due 06/25/2034 ~  | 267 | 248 |
| 5.306% due 08/25/2034 ~  | 1314 | 1304 |
| 5.500% due 07/25/2037  | 224 | 87 |
| 5.750% due 12/25/2035  | 56 | 26 |
| 6.000% due 02/25/2037  | 203 | 85 |
| 6.000% due 03/25/2037  | 75 | 30 |
| 6.000% due 07/25/2037  | 164 | 66 |
| 6.224% due 02/20/2036 •  | 5 | 5 |
| 6.500% due 11/25/2036  | 526 | 130 |
| 6.507% due 08/25/2034 ~  | 12 | 11 |
| **CHL Reperforming Loan REMICS Trust** <br>6.000% due 03/25/2035 | 13 | 13 |
| **CIM Trust** <br>5.500% due 08/25/2064 ~ | 13106 | 13144 |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 3.909% due 10/25/2046 ~  | 60 | 53 |
| 4.059% due 09/25/2037 ~  | 8 | 8 |
| 4.152% due 12/25/2035 ~  | 56 | 34 |
| 4.233% due 01/25/2037 •  | 1015 | 903 |
| 4.451% due 09/25/2037 ~  | 163 | 155 |
| 4.495% due 03/25/2037 ~  | 32 | 30 |
| 4.972% due 07/25/2037 ~  | 296 | 265 |
| 5.387% due 08/25/2035 ~  | 4 | 3 |
| 5.500% due 12/25/2035  | 107 | 50 |
| 5.677% due 08/25/2035 ~  | 36 | 36 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series M (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 6.040% due 11/25/2035 •  | 7 | 7 |
| 6.250% due 11/25/2037 ~  | 93 | 35 |
| 6.480% due 10/25/2035 •  | 27 | 28 |
| **CitiMortgage Alternative Loan Trust**  |  |  |
| 6.000% due 06/25/2037  | 5550 | 5093 |
| 6.500% due 06/25/2037  | 58 | 55 |
| **Community Program Loan Trust** <br>4.500% due 04/01/2029 | 1 | 1 |
| **Countrywide Alternative Loan Trust**  |  |  |
| 3.970% due 02/20/2047 •  | 640 | 524 |
| 4.073% due 08/25/2037 •  | 263 | 251 |
| 4.122% due 05/25/2036 ~  | 6 | 5 |
| 4.143% due 11/25/2036 •  | 2622 | 2499 |
| 4.153% due 11/25/2036 •  | 12 | 17 |
| 4.153% due 05/25/2047 •  | 501 | 468 |
| 4.173% due 07/25/2046 •  | 10 | 11 |
| 4.173% due 09/25/2046 •  | 143 | 142 |
| 4.210% due 07/20/2046 •  | 17 | 15 |
| 4.233% due 05/25/2035 •  | 485 | 462 |
| 4.264% due 06/25/2037 ~  | 26 | 25 |
| 4.293% due 05/25/2035 •  | 977 | 848 |
| 4.293% due 06/25/2035 •  | 54 | 51 |
| 4.313% due 07/25/2035 •  | 55 | 51 |
| 4.313% due 12/25/2035 •  | 364 | 346 |
| 4.356% due 08/25/2035 ~  | 99 | 94 |
| 4.413% due 08/25/2035 •  | 61 | 58 |
| 4.645% due 11/25/2035 ~  | 37 | 35 |
| 4.859% due 02/25/2036 •  | 200 | 186 |
| 5.109% due 11/25/2047 •  | 349 | 316 |
| 5.149% due 11/20/2035 •  | 3501 | 3179 |
| 5.239% due 11/25/2047 •  | 969 | 877 |
| 5.253% due 11/25/2035 •  | 495 | 471 |
| 5.500% due 11/25/2035  | 58 | 32 |
| 5.500% due 02/25/2036  | 42 | 23 |
| 5.750% due 03/25/2037 •  | 78 | 39 |
| 5.750% due 07/25/2037  | 12 | 7 |
| 5.750% due 04/25/2047  | 90 | 45 |
| 6.000% due 12/25/2034  | 33 | 29 |
| 6.000% due 03/25/2036  | 142 | 62 |
| 6.000% due 08/25/2036 •  | 42 | 23 |
| 6.000% due 08/25/2036  | 411 | 224 |
| 6.000% due 02/25/2037  | 371 | 137 |
| 6.000% due 04/25/2037  | 5385 | 4516 |
| 6.000% due 05/25/2037  | 327 | 132 |
| 6.000% due 08/25/2037 •  | 326 | 147 |
| 6.250% due 11/25/2036  | 50 | 36 |
| 6.500% due 05/25/2036  | 1231 | 543 |
| 6.500% due 12/25/2036  | 58 | 23 |
| 6.500% due 08/25/2037  | 338 | 141 |
| 9.369% due 07/25/2035 •  | 18 | 17 |
| **Countrywide Alternative Loan Trust Resecuritization**  |  |  |
| 6.000% due 08/25/2037 ~  | 48 | 21 |
| 10.706% due 08/25/2037 ~  | 46 | 19 |
| **Credit Suisse First Boston Mortgage Securities Corp.**  |  |  |
| 4.459% due 03/25/2032 ~  | 5 | 4 |
| 4.943% due 09/25/2034 •  | 10 | 20 |
| **Cross Mortgage Trust**  |  |  |
| 5.003% due 11/25/2070 ~  | 940 | 936 |
| 5.036% due 11/25/2070 ~  | 3497 | 3484 |
| **CSMC Trust**  |  |  |
| 1.756% due 10/25/2066 ~  | 6260 | 5544 |
| 3.431% due 11/10/2032  | 1200 | 1017 |
| 3.500% due 04/26/2038 ~  | 69 | 68 |
| 3.839% due 04/28/2037 ~  | 89 | 84 |
| 4.151% due 12/27/2060 ~  | 2487 | 2480 |
| **DBGS Mortgage Trust** <br>5.332% due 10/15/2039 •  | 1000 | 998 |
| **Deephaven Residential Mortgage Trust** <br>0.899% due 04/25/2066 ~ | 2281 | 2038 |
| **Deutsche Alt-A Securities, Inc. Mortgage Loan Trust** <br>4.173% due 08/25/2047 •  | 142 | 134 |
| **Deutsche Alt-B Securities, Inc. Mortgage Loan Trust** <br>4.093% due 04/25/2037 •  | 158 | 112 |
| **DSLA Mortgage Loan Trust** <br>4.431% due 07/19/2045 •  | 3 | 0 |
| **Ellington Financial Mortgage Trust** <br>4.973% due 12/25/2070 þ | 4819 | 4813 |
| **Eurosail-U.K. PLC** <br>4.815% due 06/13/2045 •  | 506 | 670 |
| **First Horizon Alternative Mortgage Securities Trust**  |  |  |
| 4.138% due 01/25/2036 ~  | $121 | 57 |
| 4.867% due 04/25/2036 ~  | 36 | 29 |
| **First Horizon Mortgage Pass-Through Trust** <br>5.707% due 11/25/2037 ~ | 15 | 10 |
| **GMACM Mortgage Loan Trust** <br>3.850% due 11/19/2035 ~ | 74 | 29 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series M (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **GreenPoint Mortgage Funding Trust**  |  |  |
| 4.193% due 05/25/2037 •  | 1347 | 1349 |
| 4.193% due 12/25/2046 •  | 152 | 154 |
| **GS Mortgage Securities Trust** <br>3.602% due 10/10/2049 ~ | 5000 | 4682 |
| **GSC Capital Corp. Mortgage Trust** <br>4.153% due 05/25/2036 •  | 44 | 43 |
| **GSR Mortgage Loan Trust**  |  |  |
| 4.271% due 04/25/2035 ~  | 14 | 12 |
| 4.860% due 09/25/2035 ~  | 44 | 42 |
| 4.904% due 04/25/2035 ~  | 12 | 11 |
| 5.100% due 09/25/2035 ~  | 13 | 11 |
| 6.118% due 11/25/2035 ~  | 84 | 40 |
| 6.290% due 09/25/2034 ~  | 20 | 20 |
| **HarborView Mortgage Loan Trust**  |  |  |
| 4.171% due 01/19/2038 •  | 19 | 17 |
| 4.201% due 12/19/2036 •  | 4350 | 3661 |
| 4.231% due 05/19/2035 •  | 961 | 936 |
| 4.271% due 12/19/2036 •  | 2219 | 2179 |
| 4.291% due 01/19/2036 •  | 71 | 45 |
| 4.291% due 01/19/2038 •  | 23 | 37 |
| 4.299% due 06/19/2036 ~  | 114 | 46 |
| 4.471% due 01/19/2035 •  | 15 | 15 |
| 4.611% due 07/19/2045 •  | 21 | 18 |
| 5.033% due 12/19/2035 ~  | 61 | 29 |
| **IndyMac IMSC Mortgage Loan Trust** <br>4.153% due 07/25/2047 •  | 156 | 106 |
| **IndyMac INDA Mortgage Loan Trust** <br>3.469% due 08/25/2036 ~ | 1190 | 913 |
| **IndyMac INDB Mortgage Loan Trust** <br>4.393% due 11/25/2035 •  | 111 | 64 |
| **IndyMac INDX Mortgage Loan Trust**  |  |  |
| 3.179% due 06/25/2037 ~  | 47 | 39 |
| 3.417% due 06/25/2036 ~  | 622 | 541 |
| 3.533% due 06/25/2036 ~  | 3166 | 2193 |
| 3.606% due 10/25/2035 ~  | 407 | 325 |
| 3.626% due 08/25/2035 ~  | 414 | 307 |
| 3.706% due 11/25/2035 ~  | 65 | 63 |
| 3.844% due 09/25/2035 ~  | 41 | 33 |
| 4.173% due 09/25/2046 •  | 64 | 60 |
| 4.512% due 06/25/2035 ~  | 15 | 14 |
| **JP Morgan Alternative Loan Trust**  |  |  |
| 4.113% due 10/25/2036 •  | 2175 | 2067 |
| 4.287% due 06/27/2037 •  | 1165 | 660 |
| 4.513% due 12/25/2036 ~  | 1 | 1 |
| **JP Morgan Chase Commercial Mortgage Securities Trust**  |  |  |
| 1.974% due 01/05/2040  | 2940 | 2729 |
| 7.235% due 10/05/2040  | 3200 | 3312 |
| **JP Morgan Mortgage Trust**  |  |  |
| 3.000% due 04/25/2052 ~  | 7987 | 6946 |
| 4.730% due 11/25/2035 ~  | 30 | 23 |
| 4.869% due 06/25/2037 ~  | 51 | 38 |
| 5.198% due 11/25/2035 ~  | 21 | 17 |
| 5.265% due 01/25/2037 ~  | 6 | 5 |
| 5.818% due 07/25/2035 ~  | 53 | 54 |
| 6.000% due 01/25/2036  | 94 | 43 |
| 6.222% due 07/25/2035 ~  | 16 | 16 |
| 6.840% due 09/25/2034 ~  | 39 | 39 |
| **Lavender Trust** <br>6.250% due 10/26/2036 | 202 | 85 |
| **Legacy Mortgage Asset Trust** <br>5.750% due 07/25/2061 þ | 1395 | 1396 |
| **Lehman Mortgage Trust**  |  |  |
| 4.324% due 12/25/2035 ~  | 172 | 25 |
| 5.081% due 01/25/2036 ~  | 28 | 27 |
| 6.000% due 07/25/2036  | 55 | 26 |
| **Lehman XS Trust**  |  |  |
| 4.063% due 02/25/2036 •  | 3151 | 3024 |
| 4.173% due 11/25/2046 •  | 6637 | 5999 |
| 4.193% due 08/25/2046 •  | 19 | 21 |
| 4.273% due 11/25/2046 •  | 7 | 10 |
| **Luminent Mortgage Trust**  |  |  |
| 4.133% due 12/25/2036 •  | 308 | 276 |
| 4.193% due 10/25/2046 •  | 77 | 71 |
| **MASTR Adjustable Rate Mortgages Trust** <br>4.273% due 05/25/2037 •  | 78 | 31 |
| **MASTR Reperforming Loan Trust**  |  |  |
| 7.000% due 05/25/2035  | 582 | 371 |
| 8.000% due 07/25/2035  | 565 | 381 |
| **Mellon Residential Funding Corp. Mortgage Pass-Through Trust** <br>4.387% due 10/20/2029 •  | 7 | 7 |
| **Merrill Lynch Alternative Note Asset Trust**  |  |  |
| 4.113% due 01/25/2037 •  | 99 | 30 |
| 4.393% due 03/25/2037 •  | 707 | 163 |
| 6.000% due 05/25/2037  | 114 | 84 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series M (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Merrill Lynch Mortgage Investors Trust**  |  |  |
| 4.253% due 04/25/2029 •  | 6 | 6 |
| 4.453% due 09/25/2029 •  | 1 | 1 |
| 4.453% due 11/25/2029 •  | 13 | 11 |
| 5.033% due 07/25/2029 •  | 4 | 4 |
| 5.170% due 02/25/2036 ~  | 10 | 10 |
| 5.277% due 11/25/2035 •  | 20 | 20 |
| 6.250% due 10/25/2036  | 978 | 333 |
| **MFA Trust** <br>5.675% due 05/27/2070 þ | 3061 | 3077 |
| **Morgan Stanley Capital I Trust**  |  |  |
| 2.428% due 04/05/2042 ~  | 5000 | 4432 |
| 3.912% due 09/09/2032  | 3180 | 2948 |
| **Morgan Stanley Dean Witter Capital I, Inc. Trust** <br>4.937% due 03/25/2033 ~ | 12 | 11 |
| **Morgan Stanley Mortgage Loan Trust**  |  |  |
| 3.468% due 07/25/2035 ~  | 940 | 848 |
| 4.113% due 01/25/2035 •  | 8 | 8 |
| 5.699% due 06/25/2036 ~  | 7 | 7 |
| 6.000% due 10/25/2037  | 67 | 34 |
| **Morgan Stanley Re-REMICS Trust**  |  |  |
| 3.065% due 03/26/2037 þ  | 39 | 41 |
| 3.264% due 02/26/2037 •  | 73 | 70 |
| 5.500% due 10/26/2035 ~  | 4442 | 2652 |
| **Morgan Stanley Residential Mortgage Loan Trust** <br>4.000% due 01/25/2064 þ | 4136 | 3999 |
| **NAAC Reperforming Loan REMICS Trust** <br>7.500% due 03/25/2034 | 213 | 201 |
| **New Residential Mortgage Loan Trust** <br>6.864% due 10/25/2063 þ | 7097 | 7155 |
| **NLT Trust** <br>1.162% due 08/25/2056 ~ | 2887 | 2538 |
| **Nomura Asset Acceptance Corp. Alternative Loan Trust** <br>0.000% due 02/25/2036 ~ | 21 | 0 |
| **Nomura Resecuritization Trust** <br>6.500% due 10/26/2037 | 4378 | 1748 |
| **NYO Commercial Mortgage Trust** <br>4.882% due 11/15/2038 •  | 1200 | 1198 |
| **OBX Trust**  |  |  |
| 5.530% due 10/25/2064 þ  | 5388 | 5411 |
| 7.045% due 09/25/2063 þ  | 1242 | 1249 |
| 7.159% due 10/25/2063 þ  | 2765 | 2788 |
| **Pretium Mortgage Credit Partners LLC**  |  |  |
| 4.000% due 03/25/2065 þ  | 3818 | 3699 |
| 4.150% due 01/25/2070 þ  | 3670 | 3559 |
| **Project Cashmere**  |  |  |
| 4.543% due 12/30/2057 «(a)  | 54300 | 37464 |
| 5.713% due 12/30/2057 «(a)  | 3600 | 2484 |
| 5.863% due 12/30/2057 «(a)  | 2500 | 1725 |
| 6.163% due 12/30/2057 «(a)  | 1300 | 897 |
| 6.563% due 12/30/2057 «(a)  | 1000 | 690 |
| **RALI Trust**  |  |  |
| 4.093% due 08/25/2035 •  | $63 | 43 |
| 4.133% due 12/25/2036 •  | 132 | 123 |
| 4.193% due 05/25/2047 •  | 50 | 47 |
| 4.213% due 06/25/2037 •  | 41 | 38 |
| 4.293% due 08/25/2037 •  | 85 | 83 |
| 4.593% due 10/25/2045 •  | 49 | 34 |
| 4.678% due 02/25/2035 ~  | 135 | 121 |
| 5.787% due 02/25/2036 ~  | 72 | 63 |
| 6.000% due 09/25/2035  | 433 | 385 |
| 6.000% due 06/25/2036  | 2008 | 1649 |
| 8.000% due 04/25/2036 •  | 52 | 44 |
| **Residential Asset Securitization Trust**  |  |  |
| 6.000% due 06/25/2036  | 167 | 61 |
| 6.000% due 11/25/2036  | 123 | 40 |
| 6.000% due 03/25/2037  | 96 | 29 |
| 6.250% due 11/25/2036  | 84 | 29 |
| 6.500% due 04/25/2037  | 1138 | 301 |
| **RFMSI Trust**  |  |  |
| 5.020% due 03/25/2035 ~  | 665 | 419 |
| 6.000% due 09/25/2036  | 84 | 67 |
| **STARM Mortgage Loan Trust** <br>6.115% due 02/25/2037 ~ | 42 | 39 |
| **Starwood Mortgage Residential Trust** <br>0.943% due 05/25/2065 ~ | 544 | 519 |
| **Structured Adjustable Rate Mortgage Loan Trust**  |  |  |
| 4.113% due 10/25/2035 •  | 421 | 407 |
| 4.243% due 09/25/2036 ~  | 1390 | 936 |
| 4.251% due 07/25/2037 ~  | 3 | 2 |
| 4.297% due 10/25/2036 ~  | 75 | 36 |
| 4.414% due 02/25/2036 ~  | 132 | 101 |
| 4.528% due 06/25/2034 •  | 112 | 111 |
| 5.176% due 10/25/2034 ~  | 3 | 3 |
| 5.259% due 05/25/2035 •  | 168 | 133 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series M (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Structured Asset Mortgage Investments II Trust**  |  |  |
| 4.053% due 03/25/2037 •  | 63 | 24 |
| 4.153% due 09/25/2047 •  | 29 | 28 |
| 4.173% due 06/25/2036 •  | 1122 | 1107 |
| 4.173% due 07/25/2046 •  | 252 | 179 |
| 4.173% due 09/25/2047 •  | 287 | 268 |
| 4.193% due 05/25/2036 •  | 355 | 298 |
| 4.213% due 09/25/2047 •  | 535 | 497 |
| 4.233% due 05/25/2046 •  | 673 | 214 |
| 4.313% due 05/25/2046 •  | 27 | 17 |
| 4.491% due 03/19/2034 •  | 72 | 69 |
| 4.491% due 02/19/2035 •  | 44 | 43 |
| 5.148% due 02/25/2036 •  | 176 | 153 |
| **Structured Asset Mortgage Investments Trust** <br>4.531% due 12/19/2033 •  | 59 | 60 |
| **Suntrust Alternative Loan Trust** <br>6.000% due 12/25/2035 | 130 | 121 |
| **TBW Mortgage-Backed Trust** <br>5.965% due 07/25/2037 ~ | 2577 | 727 |
| **Thornburg Mortgage Securities Trust**  |  |  |
| 4.059% due 09/25/2037 ~  | 6 | 6 |
| 4.433% due 09/25/2043 •  | 54 | 53 |
| 4.533% due 09/25/2034 •  | 10 | 9 |
| **Towd Point Mortgage Trust**  |  |  |
| 3.750% due 02/25/2059 ~  | 4063 | 3974 |
| 4.612% due 10/25/2064 ~  | 4153 | 4120 |
| **VASA Trust** <br>4.687% due 07/15/2039 •  | 1000 | 983 |
| **Verus Securitization Trust**  |  |  |
| 2.824% due 11/25/2066 ~  | 2688 | 2466 |
| 4.832% due 10/25/2067 ~  | 2450 | 2430 |
| 5.086% due 07/25/2067 ~  | 2988 | 2981 |
| **Wachovia Mortgage Loan Trust LLC** <br>6.627% due 10/20/2035 ~ | 1 | 1 |
| **WaMu Mortgage Pass-Through Certificates Trust**  |  |  |
| 4.108% due 12/25/2036 ~  | 540 | 499 |
| 4.136% due 12/25/2036 ~  | 55 | 50 |
| 4.333% due 12/25/2045 •  | 2 | 2 |
| 4.433% due 01/25/2045 •  | 68 | 66 |
| 4.517% due 08/25/2036 ~  | 43 | 41 |
| 4.533% due 11/25/2034 •  | 55 | 54 |
| 4.559% due 02/25/2047 •  | 959 | 901 |
| 4.573% due 10/25/2044 •  | 309 | 306 |
| 4.609% due 06/25/2047 •  | 22 | 22 |
| 4.613% due 11/25/2045 •  | 80 | 76 |
| 4.669% due 07/25/2047 •  | 7155 | 6109 |
| 4.773% due 11/25/2034 •  | 152 | 149 |
| 4.859% due 08/25/2046 •  | 447 | 422 |
| 5.059% due 11/25/2042 •  | 6 | 6 |
| 5.192% due 08/25/2033 ~  | 68 | 67 |
| 5.359% due 11/25/2046 •  | 136 | 113 |
| **Washington Mutual Mortgage Pass-Through Certificates Trust**  |  |  |
| 3.889% due 09/25/2036 þ  | 118 | 30 |
| 4.243% due 05/25/2035 •  | 164 | 138 |
| 4.559% due 04/25/2047 •  | 187 | 157 |
| 4.629% due 04/25/2047 •  | 273 | 230 |
| **Wells Fargo Alternative Loan Trust** <br>6.578% due 07/25/2037 ~ | 17 | 16 |
| **Wells Fargo Mortgage-Backed Securities Trust**  |  |  |
| 6.000% due 06/25/2037  | 19 | 17 |
| 6.487% due 10/25/2036 ~  | 92 | 86 |
| Total Non-Agency Mortgage-Backed Securities (Cost $285,624) |  | 272393 |
| **ASSET-BACKED SECURITIES 27.3%**  |  |  |
| **AUTOMOBILE SEQUENTIAL 0.2%**  |  |  |
| **Carvana Auto Receivables Trust**  |  |  |
| 4.610% due 11/10/2027  | 150 | 149 |
| 5.330% due 07/10/2029  | 734 | 739 |
| **Citizens Auto Receivables Trust** <br>5.840% due 01/18/2028 | 477 | 479 |
| **Ford Auto Securitization Trust** <br>4.972% due 03/15/2030 | 2400 | 1764 |
| **Octane Receivables Trust** <br>6.440% due 03/20/2029 | $256 | 257 |
|  |  | 3388 |
| **CMBS OTHER 2.7%**  |  |  |
| **ACRES Commercial Realty Issuer LLC** <br>0.000% due 08/18/2044 •  | 5000 | 4997 |
| **ACRES LLC** <br>5.299% due 08/18/2040 •  | 9900 | 9935 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series M (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **FS Rialto Issuer LLC** <br>0.000% due 01/19/2044 •  | 6900 | 6901 |
| **Greystone CRE Notes LLC** <br>5.154% due 01/15/2043 •  | 7000 | 7003 |
| **LMNT CRE LLC** <br>5.225% due 07/21/2043 •  | 7700 | 7705 |
| **MF1 LLC** <br>5.000% due 02/18/2040 •  | 5500 | 5486 |
| **MF1 Ltd.** <br>5.027% due 02/19/2037 •  | 862 | 863 |
| **Starwood LLC** <br>5.127% due 11/19/2042 •  | 9000 | 9001 |
|  |  | 51891 |
| **HOME EQUITY OTHER 9.3%**  |  |  |
| **Aames Mortgage Investment Trust** <br>4.573% due 10/25/2035 •  | 24 | 24 |
| **ABFC Trust**  |  |  |
| 4.073% due 11/25/2036 •  | 7081 | 4487 |
| 4.793% due 06/25/2037 •  | 124 | 107 |
| **Accredited Mortgage Loan Trust** <br>4.053% due 09/25/2036 •  | 502 | 501 |
| **ACE Securities Corp. Home Equity Loan Trust**  |  |  |
| 4.013% due 12/25/2036 •  | 279 | 70 |
| 4.073% due 07/25/2036 •  | 87 | 73 |
| 4.103% due 08/25/2036 •  | 141 | 138 |
| 4.393% due 02/25/2036 •  | 1 | 1 |
| 4.408% due 12/25/2035 •  | 1253 | 1205 |
| 4.453% due 11/25/2035 •  | 6 | 7 |
| 4.693% due 12/25/2034 •  | 78 | 72 |
| 4.723% due 02/25/2036 •  | 45 | 43 |
| 4.768% due 06/25/2034 •  | 259 | 249 |
| **Aegis Asset-Backed Securities Trust**  |  |  |
| 4.438% due 12/25/2035 •  | 123 | 118 |
| 4.513% due 06/25/2035 •  | 47 | 46 |
| 4.793% due 03/25/2035 •  | 21 | 21 |
| **Ameriquest Mortgage Securities, Inc. Asset-Backed Pass-Through Certificates**  |  |  |
| 4.498% due 11/25/2035 •  | 14 | 14 |
| 4.903% due 03/25/2035 •  | 85 | 84 |
| **Amortizing Residential Collateral Trust** <br>4.793% due 10/25/2034 •  | 60 | 59 |
| **Argent Securities Trust**  |  |  |
| 3.943% due 09/25/2036 •  | 706 | 229 |
| 4.173% due 03/25/2036 •  | 259 | 147 |
| **Argent Securities, Inc. Asset-Backed Pass-Through Certificates**  |  |  |
| 4.253% due 01/25/2036 •  | 60 | 59 |
| 4.433% due 01/25/2036 •  | 2444 | 2310 |
| **Asset-Backed Securities Corp. Home Equity Loan Trust**  |  |  |
| 3.921% due 12/25/2036 •  | 6300 | 5921 |
| 4.693% due 06/25/2035 •  | 34 | 34 |
| **Bear Stearns Asset-Backed Securities I Trust**  |  |  |
| 4.253% due 02/25/2037 •  | 9757 | 9543 |
| 4.843% due 11/25/2035 •  | 70 | 72 |
| 4.843% due 08/25/2037 •  | 3905 | 3555 |
| 5.043% due 08/25/2037 •  | 3 | 2 |
| **Bear Stearns Asset-Backed Securities Trust**  |  |  |
| 4.693% due 03/25/2034 •  | 1325 | 1417 |
| 4.973% due 06/25/2043 •  | 394 | 393 |
| **Carrington Mortgage Loan Trust**  |  |  |
| 4.013% due 01/25/2037 •  | 1200 | 948 |
| 4.053% due 02/25/2037 •  | 2735 | 2642 |
| 4.843% due 05/25/2035 •  | 141 | 138 |
| **CIT Mortgage Loan Trust** <br>5.293% due 10/25/2037 •  | 3611 | 3663 |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 3.643% due 07/25/2035 •  | 1000 | 891 |
| 3.963% due 05/25/2037 •  | 9529 | 8569 |
| 4.528% due 09/25/2035 •  | 37 | 37 |
| **Countrywide Asset-Backed Certificates**  |  |  |
| 4.293% due 01/25/2046 •  | 2647 | 2533 |
| 4.693% due 03/25/2047 •  | 43 | 33 |
| **Countrywide Asset-Backed Certificates Trust**  |  |  |
| 3.370% due 03/25/2036 •  | 132 | 131 |
| 3.627% due 04/25/2035 •  | 19 | 19 |
| 3.993% due 06/25/2047 •  | 9997 | 9027 |
| 4.023% due 10/25/2047 •  | 1 | 1 |
| 4.043% due 06/25/2047 •  | 110 | 108 |
| 4.053% due 04/25/2046 •  | 2517 | 2389 |
| 4.073% due 06/25/2035 •  | 5590 | 5184 |
| 4.073% due 02/25/2037 •  | 2996 | 2887 |
| 4.193% due 09/25/2037 •  | 2041 | 1915 |
| 4.233% due 09/25/2037 •  | 154 | 166 |
| 4.233% due 09/25/2047 •  | 356 | 371 |
| 4.242% due 10/25/2046 ~  | 2667 | 2737 |
| 4.693% due 10/25/2034 •  | 10 | 10 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series M (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.293% due 02/25/2035 •  | 23 | 23 |
| **Credit-Based Asset Servicing & Securitization LLC**  |  |  |
| 3.908% due 07/25/2037 •  | 7 | 5 |
| 4.008% due 07/25/2037 •  | 148 | 99 |
| **Delta Funding Home Equity Loan Trust** <br>4.427% due 08/15/2030 •  | 11 | 11 |
| **EMC Mortgage Loan Trust** <br>4.533% due 05/25/2040 •  | 4 | 4 |
| **First NLC Trust**  |  |  |
| 2.904% due 05/25/2035 •  | 539 | 492 |
| 3.863% due 08/25/2037 •  | 38 | 19 |
| **Fremont Home Loan Trust**  |  |  |
| 3.953% due 08/25/2036 •  | 172 | 53 |
| 4.093% due 01/25/2037 •  | 192 | 88 |
| 4.133% due 02/25/2036 •  | 13 | 12 |
| 4.133% due 02/25/2037 •  | 651 | 193 |
| 4.333% due 02/25/2036 •  | 300 | 281 |
| 4.333% due 04/25/2036 •  | 2482 | 2258 |
| 4.583% due 12/25/2029 •  | 4 | 3 |
| **GSAA Home Equity Trust** <br>4.033% due 04/25/2047 •  | 39 | 37 |
| **GSAMP Trust**  |  |  |
| 3.883% due 01/25/2037 •  | 1839 | 1132 |
| 3.933% due 01/25/2037 •  | 33257 | 20697 |
| 4.033% due 12/25/2036 •  | 1378 | 681 |
| 4.073% due 12/25/2036 •  | 5904 | 3151 |
| 4.093% due 09/25/2036 •  | 2557 | 878 |
| 4.093% due 12/25/2046 •  | 409 | 203 |
| 4.193% due 11/25/2036 •  | 352 | 163 |
| 4.253% due 12/25/2046 •  | 123 | 61 |
| 4.273% due 06/25/2036 •  | 167 | 91 |
| 4.333% due 04/25/2036 •  | 207 | 136 |
| 5.443% due 10/25/2034 •  | 12 | 12 |
| **Home Equity Asset Trust** <br>4.888% due 05/25/2035 •  | 7 | 7 |
| **Home Equity Loan Trust**  |  |  |
| 4.023% due 04/25/2037 •  | 275 | 269 |
| 4.133% due 04/25/2037 •  | 500 | 450 |
| **Home Equity Mortgage Loan Asset-Backed Trust**  |  |  |
| 3.933% due 11/25/2036 •  | 186 | 176 |
| 3.953% due 11/25/2036 •  | 149 | 139 |
| 4.113% due 04/25/2037 •  | 152 | 136 |
| **HSI Asset Securitization Corp. Trust**  |  |  |
| 4.013% due 12/25/2036 •  | 183 | 44 |
| 4.133% due 12/25/2036 •  | 835 | 190 |
| 4.233% due 12/25/2036 •  | 557 | 127 |
| 4.573% due 11/25/2035 •  | 1662 | 1575 |
| **JP Morgan Mortgage Acquisition Trust**  |  |  |
| 4.198% due 07/25/2036 •  | 79 | 78 |
| 6.337% due 08/25/2036 þ  | 80 | 47 |
| **Lehman ABS Mortgage Loan Trust**  |  |  |
| 3.883% due 06/25/2037 •  | 138 | 91 |
| 3.993% due 06/25/2037 •  | 111 | 74 |
| **Long Beach Mortgage Loan Trust**  |  |  |
| 4.843% due 06/25/2035 •  | 233 | 230 |
| 5.068% due 02/25/2035 •  | 5089 | 5045 |
| 5.218% due 03/25/2032 •  | 7 | 12 |
| **MASTR Asset-Backed Securities Trust**  |  |  |
| 4.013% due 08/25/2036 •  | 128 | 44 |
| 4.093% due 08/25/2036 •  | 211 | 73 |
| 4.153% due 02/25/2036 •  | 271 | 97 |
| 4.233% due 11/25/2036 •  | 3181 | 1865 |
| 4.273% due 06/25/2036 •  | 117 | 39 |
| 4.273% due 08/25/2036 •  | 126 | 44 |
| 4.293% due 11/25/2035 •  | 6326 | 3532 |
| 4.363% due 01/25/2036 •  | 63 | 63 |
| 4.543% due 12/25/2034 •  | 9 | 10 |
| 4.543% due 10/25/2035 •  | 157 | 156 |
| **Merrill Lynch Mortgage Investors Trust**  |  |  |
| 4.273% due 08/25/2037 •  | 614 | 300 |
| 4.693% due 02/25/2047 •  | 701 | 405 |
| **Morgan Stanley ABS Capital I, Inc. Trust**  |  |  |
| 3.863% due 10/25/2036 •  | 65 | 29 |
| 3.903% due 10/25/2036 •  | 530 | 277 |
| 3.933% due 10/25/2036 •  | 1944 | 848 |
| 3.933% due 11/25/2036 •  | 168 | 80 |
| 3.943% due 10/25/2036 •  | 155 | 81 |
| 3.943% due 11/25/2036 •  | 824 | 486 |
| 3.973% due 03/25/2037 •  | 293 | 118 |
| 3.993% due 02/25/2037 •  | 97 | 43 |
| 4.013% due 11/25/2036 •  | 1008 | 481 |
| 4.043% due 03/25/2037 •  | 293 | 118 |
| 4.093% due 06/25/2036 •  | 434 | 333 |
| 4.093% due 09/25/2036 •  | 307 | 105 |
| 4.393% due 12/25/2035 •  | 8945 | 8486 |
| 4.413% due 12/25/2035 •  | 55 | 55 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series M (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.693% due 05/25/2034 •  | 49 | 48 |
| 4.783% due 06/25/2035 •  | 9 | 9 |
| 4.843% due 04/25/2035 •  | 122 | 116 |
| 5.043% due 07/25/2037 •  | 400 | 358 |
| **Morgan Stanley Capital I, Inc. Trust** <br>4.373% due 01/25/2036 •  | 304 | 298 |
| **Morgan Stanley Dean Witter Capital I, Inc. Trust** <br>5.143% due 02/25/2033 •  | 132 | 144 |
| **Morgan Stanley Home Equity Loan Trust**  |  |  |
| 3.963% due 04/25/2037 •  | 406 | 208 |
| 4.023% due 04/25/2037 •  | 135 | 69 |
| 4.113% due 04/25/2036 •  | 68 | 47 |
| **Morgan Stanley Mortgage Loan Trust**  |  |  |
| 5.299% due 11/25/2036 •  | 206 | 79 |
| 6.465% due 09/25/2046 þ  | 267 | 86 |
| **New Century Home Equity Loan Trust** <br>4.768% due 10/25/2033 •  | 552 | 552 |
| **Newcastle Mortgage Securities Trust**  |  |  |
| 4.023% due 04/25/2037 •  | 287 | 286 |
| 4.133% due 04/25/2037 •  | 4292 | 4083 |
| **Nomura Home Equity Loan, Inc. Home Equity Loan Trust** <br>6.532% due 10/25/2036 þ | 139 | 24 |
| **NovaStar Mortgage Funding Trust** <br>4.093% due 06/25/2036 •  | 71 | 53 |
| **Option One Mortgage Loan Trust**  |  |  |
| 3.963% due 05/25/2037 •  | 8464 | 4580 |
| 4.073% due 01/25/2037 •  | 43 | 25 |
| 4.123% due 04/25/2037 •  | 88 | 44 |
| 4.233% due 01/25/2037 •  | 172 | 100 |
| 4.333% due 01/25/2036 •  | 244 | 233 |
| 4.558% due 08/25/2035 •  | 183 | 180 |
| **Option One Mortgage Loan Trust Asset-Backed Certificates** <br>4.483% due 11/25/2035 •  | 1074 | 1047 |
| **Ownit Mortgage Loan Trust** <br>4.693% due 10/25/2036 •  | 93 | 92 |
| **Park Place Securities, Inc.** <br>4.528% due 09/25/2035 •  | 100 | 99 |
| **Park Place Securities, Inc. Asset-Backed Pass-Through Certificates**  |  |  |
| 4.009% due 07/25/2035 •  | 852 | 831 |
| 4.528% due 08/25/2035 •  | 71 | 71 |
| 4.528% due 09/25/2035 •  | 82 | 82 |
| 4.843% due 10/25/2034 •  | 94 | 94 |
| 4.918% due 03/25/2035 •  | 56 | 55 |
| 5.593% due 12/25/2034 •  | 2473 | 2482 |
| **People's Financial Realty Mortgage Securities Trust** <br>3.933% due 09/25/2036 •  | 331 | 77 |
| **RAAC Trust** <br>4.493% due 11/25/2046 •  | 250 | 234 |
| **RCKT Mortgage Trust**  |  |  |
| 4.966% due 11/25/2055 þ  | 3789 | 3770 |
| 5.582% due 12/25/2044 þ  | 1434 | 1441 |
| **Renaissance Home Equity Loan Trust**  |  |  |
| 5.545% due 01/25/2037 þ  | 7350 | 2275 |
| 5.608% due 05/25/2036 þ  | 9550 | 4064 |
| 5.812% due 11/25/2036 þ  | 513 | 161 |
| 6.254% due 08/25/2036 þ  | 9184 | 3309 |
| 7.238% due 09/25/2037 þ  | 202 | 77 |
| **Residential Asset Securities Corporation Trust**  |  |  |
| 4.053% due 11/25/2036 •  | 185 | 174 |
| 4.133% due 11/25/2036 •  | 199 | 188 |
| 4.453% due 12/25/2035 •  | 76 | 67 |
| 4.473% due 04/25/2037 •  | 777 | 757 |
| **Securitized Asset-Backed Receivables LLC Trust**  |  |  |
| 2.801% due 01/25/2036 þ  | 37 | 32 |
| 3.973% due 07/25/2036 •  | 179 | 57 |
| 4.113% due 07/25/2036 •  | 175 | 56 |
| 4.273% due 07/25/2036 •  | 599 | 193 |
| 4.333% due 03/25/2036 •  | 86 | 81 |
| 4.468% due 01/25/2035 •  | 15 | 14 |
| **SG Mortgage Securities Trust**  |  |  |
| 4.113% due 07/25/2036 •  | 26984 | 5590 |
| 4.468% due 10/25/2035 •  | 191 | 191 |
| **Soundview Home Loan Trust**  |  |  |
| 3.873% due 06/25/2037 •  | 33 | 22 |
| 3.973% due 07/25/2037 •  | 1102 | 1016 |
| 4.013% due 02/25/2037 •  | 259 | 68 |
| 4.153% due 02/25/2037 •  | 363 | 96 |
| 4.293% due 06/25/2036 •  | 415 | 414 |
| 4.743% due 10/25/2037 •  | 184 | 146 |
| **Structured Asset Investment Loan Trust**  |  |  |
| 4.393% due 01/25/2036 •  | 25 | 25 |
| 4.693% due 05/25/2035 •  | 146 | 145 |
| 4.723% due 09/25/2034 •  | 91 | 81 |
| 4.918% due 07/25/2033 •  | 8 | 8 |
| 5.068% due 12/25/2034 •  | 1138 | 1121 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series M (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Structured Asset Securities Corp. Mortgage Loan Trust**  |  |  |
| 3.943% due 09/25/2036 •  | 22 | 22 |
| 4.213% due 02/25/2037 •  | 146 | 144 |
| 4.253% due 01/25/2037 •  | 1583 | 912 |
| **Structured Asset Securities Corp. Trust** <br>4.483% due 09/25/2035 •  | 229 | 222 |
| **WaMu Asset-Backed Certificates Trust**  |  |  |
| 4.018% due 05/25/2037 •  | 4540 | 4340 |
| 4.033% due 05/25/2037 •  | 884 | 801 |
| **Wells Fargo Home Equity Trust Mortgage Pass-Through Certificates** <br>4.393% due 04/25/2034 •  | 64 | 63 |
|  |  | 181970 |
| **HOME EQUITY SEQUENTIAL 0.1%**  |  |  |
| **ABFC Trust**  |  |  |
| 4.013% due 01/25/2037 •  | 280 | 157 |
| 4.113% due 01/25/2037 •  | 177 | 99 |
| 4.233% due 01/25/2037 •  | 106 | 59 |
| **JP Morgan Mortgage Acquisition Trust** <br>4.053% due 03/25/2037 •  | 53 | 53 |
| **Morgan Stanley Mortgage Loan Trust**  |  |  |
| 4.253% due 02/25/2037 •  | 95 | 18 |
| 4.513% due 04/25/2037 •  | 193 | 51 |
| **Structured Asset Securities Corp. Mortgage Loan Trust**  |  |  |
| 4.133% due 12/25/2036 •  | 23 | 23 |
| 5.593% due 08/25/2037 •  | 2 | 1 |
| **Towd Point Mortgage Trust** <br>4.961% due 01/25/2066 þ | 2540 | 2526 |
|  |  | 2987 |
| **MANUFACTURING HOUSE SEQUENTIAL 0.0%**  |  |  |
| **Conseco Finance Corp.** <br>7.060% due 02/01/2031 ~ | 144 | 132 |
| **WHOLE LOAN COLLATERAL 0.7%**  |  |  |
| **Bear Stearns Asset-Backed Securities I Trust** <br>11.030% due 03/25/2036 •  | 180 | 46 |
| **Bear Stearns Asset-Backed Securities Trust**  |  |  |
| 4.593% due 09/25/2046 •  | 60 | 57 |
| 4.831% due 07/25/2036 ~  | 1 | 1 |
| 4.886% due 10/25/2036 ~  | 30 | 13 |
| 4.993% due 06/25/2036 •  | 600 | 608 |
| **Cendant Mortgage Corp.** <br>6.000% due 07/25/2043 ~ | 5 | 5 |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 4.193% due 11/25/2046 •  | 46 | 45 |
| 6.851% due 05/25/2036 þ  | 116 | 41 |
| **First Franklin Mortgage Loan Trust**  |  |  |
| 4.073% due 12/25/2036 •  | 190 | 74 |
| 4.113% due 04/25/2036 •  | 74 | 73 |
| 4.273% due 04/25/2036 •  | 400 | 373 |
| 4.273% due 08/25/2036 •  | 81 | 78 |
| 4.513% due 11/25/2035 •  | 79 | 75 |
| 4.738% due 03/25/2035 •  | 14 | 16 |
| 4.978% due 12/25/2034 •  | 886 | 907 |
| 4.993% due 01/25/2035 •  | 28 | 29 |
| 5.218% due 10/25/2034 •  | 178 | 180 |
| **Lehman XS Trust** <br>3.963% due 02/25/2037 •  | 735 | 640 |
| **RAAC Trust**  |  |  |
| 4.393% due 06/25/2044 •  | 16 | 15 |
| 4.393% due 09/25/2045 •  | 296 | 294 |
| 5.293% due 09/25/2047 •  | 372 | 377 |
| **Residential Asset Mortgage Products Trust**  |  |  |
| 4.353% due 09/25/2036 •  | 54 | 51 |
| 4.393% due 05/25/2036 •  | 509 | 436 |
| 4.433% due 01/25/2036 •  | 307 | 289 |
| **Securitized Asset-Backed Receivables LLC Trust**  |  |  |
| 4.073% due 05/25/2036 •  | 3609 | 1937 |
| 4.293% due 05/25/2036 •  | 750 | 403 |
| 4.453% due 08/25/2035 •  | 74 | 58 |
| 4.753% due 01/25/2036 •  | 21 | 20 |
| **Specialty Underwriting & Residential Finance Trust**  |  |  |
| 4.093% due 09/25/2037 •  | 6601 | 4614 |
| 4.093% due 11/25/2037 •  | 563 | 308 |
| 4.333% due 04/25/2037 •  | 102 | 76 |
| 4.393% due 12/25/2036 •  | 578 | 566 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series M (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.768% due 12/25/2035 •  | 19 | 19 |
|  |  | 12724 |
| **OTHER ABS 14.3%**  |  |  |
| **AASET MT-1 Ltd.** <br>5.522% due 02/16/2050 | 4259 | 4257 |
| **Anchorage Capital CLO 21 Ltd.** <br>4.718% due 10/20/2034 •  | 4300 | 4302 |
| **Anchorage Credit Funding 20 Ltd.** <br>4.896% due 04/25/2042 (a) | 8900 | 8900 |
| **ARES XXVII CLO Ltd.** <br>4.821% due 10/28/2034 •  | 4600 | 4606 |
| **Atlantic Avenue Ltd.** <br>4.928% due 01/20/2035 •  | 6200 | 6203 |
| **Atlas Senior Loan Fund XV Ltd.** <br>4.891% due 10/23/2032 •  | 3888 | 3895 |
| **Atlas Senior Loan Fund XVIII Ltd.** <br>4.778% due 01/18/2035 •  | 2100 | 2097 |
| **Bain Capital Credit CLO Ltd.**  |  |  |
| 4.661% due 04/23/2035 •  | 3700 | 3701 |
| 4.700% due 10/21/2034 •  | 3200 | 3200 |
| 4.728% due 07/24/2034 •  | 2000 | 2001 |
| **Bayfront Iabs VII Pte. Ltd.** <br>0.000% due 04/11/2048 «•  | 3000 | 3000 |
| **Carlyle Global Market Strategies CLO Ltd.** <br>4.758% due 07/20/2034 •  | 6000 | 6004 |
| **CarVal CLO III Ltd.** <br>4.658% due 07/20/2032 •  | 6205 | 6201 |
| **Cedar Funding VI CLO Ltd.** <br>4.758% due 04/20/2034 •  | 15100 | 15111 |
| **DataBank Issuer II LLC** <br>5.180% due 09/27/2055 | 3000 | 2916 |
| **Domino's Pizza Master Issuer LLC**  |  |  |
| 4.930% due 07/25/2055  | 10600 | 10579 |
| 5.217% due 07/25/2055  | 6700 | 6681 |
| **Dryden 27 R Euro CLO DAC** <br>2.676% due 04/15/2033 •  | 3589 | 4153 |
| **Dryden 95 CLO Ltd.** <br>4.696% due 08/20/2034 •  | $3600 | 3601 |
| **ECMC Group Student Loan Trust** <br>4.526% due 02/27/2068 •  | 3518 | 3501 |
| **Elevation CLO Ltd.** <br>4.798% due 07/25/2034 •  | 7000 | 7007 |
| **Fortress Credit BSL VII Ltd.** <br>4.761% due 07/23/2032 •  | 992 | 993 |
| **Gallatin CLO VIII Ltd.** <br>5.024% due 07/15/2031 •  | 2336 | 2339 |
| **Hayfin Emerald CLO X DAC** <br>3.286% due 10/18/2039 •  | 1000 | 1155 |
| **ICG Euro CLO DAC** <br>3.320% (EUR003M + 1.290%) due 01/26/2038 ~ | 1500 | 1733 |
| **IFC Emerging Markets Securitization Ltd.** <br>4.971% due 12/31/2035 •  | $3866 | 3871 |
| **Invesco Euro CLO I DAC** <br>2.666% due 07/15/2031 •  | 375 | 434 |
| **LCM 31 Ltd.** <br>4.948% due 07/20/2034 •  | $5600 | 5607 |
| **LCM 35 Ltd.** <br>4.752% due 10/15/2034 •  | 11900 | 11882 |
| **LCM 36 Ltd.** <br>4.742% due 01/15/2034 •  | 2000 | 2001 |
| **MACH 1 Cayman Ltd.** <br>3.474% due 10/15/2039 | 366 | 363 |
| **Madison Park Euro Funding XIV DAC** <br>2.816% due 07/15/2032 •  | 5643 | 6514 |
| **Madison Park Funding XLIX Ltd.** <br>4.718% due 10/19/2034 •  | $5300 | 5302 |
| **Madison Park Funding XLVI Ltd.** <br>4.672% due 10/15/2034 •  | 4900 | 4897 |
| **Marble Point CLO XXIV Ltd.** <br>4.753% due 04/20/2035 •  | 3100 | 3101 |
| **METAL LLC** <br>4.581% due 10/15/2042 | 2416 | 1691 |
| **Mountain View CLO XIV Ltd.** <br>6.813% due 10/15/2034 •  | 11200 | 11214 |
| **Navient Student Loan Trust** <br>7.230% due 03/15/2072 | 2200 | 2375 |
| **Nelnet Student Loan Trust**  |  |  |
| 4.610% due 02/21/2061  | 7097 | 7011 |
| 4.670% due 06/22/2065  | 8026 | 7946 |
| 5.873% due 02/20/2041 •  | 2246 | 2294 |
| **OAK Hill European Credit Partners V DAC** <br>3.013% due 01/21/2035 •  | 4000 | 4621 |
| **OFSI BSL X Ltd.** <br>4.938% due 04/20/2034 •  | $3700 | 3705 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series M (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Pagaya AI Debt Selection Trust** <br>6.117% due 12/15/2031 | 225 | 226 |
| **Palmer Square European Loan Funding DAC**  |  |  |
| 3.047% due 07/15/2035 •  | 2300 | 2659 |
| 3.984% due 02/15/2035 •  | 2100 | 2432 |
| **Pikes Peak CLO 2** <br>4.888% due 10/11/2034 •  | $8200 | 8211 |
| **PPM CLO 5 Ltd.** <br>4.848% due 10/18/2034 •  | 2300 | 2303 |
| **QTS Issuer ABS II LLC** <br>5.044% due 10/05/2055 | 2500 | 2453 |
| **RNL PH Owner LLC** <br>4.910% due 03/20/2056 | 2900 | 2859 |
| **Rockford Tower Europe CLO DAC** <br>3.271% due 08/29/2036 •  | 1400 | 1617 |
| **Romark CLO V Ltd.** <br>4.862% due 01/15/2035 •  | $5600 | 5596 |
| **Romark Credit Funding Ltd.** <br>5.423% due 07/29/2043 | 2700 | 2715 |
| **Sculptor CLO XXVII Ltd.** <br>4.809% due 04/20/2037 •  | 3100 | 3097 |
| **Slam Ltd.** <br>5.335% due 09/15/2049 | 3656 | 3650 |
| **SLM Private Education Loan Trust** <br>8.537% due 10/15/2041 •  | 1259 | 1322 |
| **SMB Private Education Loan Trust** <br>3.500% due 12/16/2041 | 500 | 492 |
| **Symphony CLO XXV Ltd.** <br>4.718% due 04/19/2034 •  | 2900 | 2902 |
| **TCW CLO AMR Ltd.** <br>4.954% due 08/16/2034 •  | 7100 | 7109 |
| **Trinitas CLO XIX Ltd.** <br>4.778% due 10/20/2033 •  | 2101 | 2101 |
| **Trinitas Euro CLO I DAC** <br>3.226% due 07/15/2039 •  | 2100 | 2427 |
| **UPG HI Issuer Trust** <br>5.000% due 09/25/2047 | $7043 | 7007 |
| **VB-S1 Issuer LLC** <br>3.706% due 02/15/2057 | 1400 | 1284 |
| **Verdelite Static CLO Ltd.** <br>4.798% due 07/20/2032 •  | 4570 | 4574 |
| **Voya CLO Ltd.** <br>4.728% due 04/20/2034 •  | 7100 | 7105 |
| **Wave LLC** <br>3.597% due 09/15/2044 | 1005 | 987 |
|  |  | 278093 |
| Total Asset-Backed Securities (Cost $565,809) |  | 531185 |
| **SOVEREIGN ISSUES 8.3%**  |  |  |
| **Brazil Government International Bonds** <br>6.125% due 03/15/2034 | 11500 | 11508 |
| **Canada Government Bonds** <br>3.250% due 12/01/2034 | 7800 | 5549 |
| **Costa Rica Government International Bonds** <br>6.001% due 01/16/2036 | 2250 | 2680 |
| **European Union** <br>2.875% due 10/05/2029 | 77600 | 89689 |
| **Japan Government Thirty Year Bonds** <br>3.200% due 09/20/2055 | 3010000 | 17433 |
| **Mexico Government International Bonds** <br>6.000% due 05/13/2030 | $1600 | 1655 |
| **Peru Government International Bonds** <br>5.400% due 08/12/2034 | 600 | 164 |
| **Republic of South Africa Government Bonds**  |  |  |
| 6.250% due 03/31/2036  | 30174 | 1433 |
| 8.750% due 01/31/2044  | 36814 | 1976 |
| 8.750% due 02/28/2048  | 22640 | 1211 |
| 8.875% due 02/28/2035  | 444988 | 25845 |
| 9.000% due 01/31/2040  | 36655 | 2039 |
| Total Sovereign Issues (Cost $154,615) |  | 161182 |
|  | SHARES |  |
| **COMMON STOCKS 0.0%**  |  |  |
| **INDUSTRIALS 0.0%**  |  |  |
| **Drillco Holdings Luxembourg SA «(f)** | 1575 | 37 |
| **Foresea Holdings SA «** | 623 | 14 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series M (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total Common Stocks (Cost $32) |  | 51 |
| **PREFERRED SECURITIES 0.9%**  |  |  |
| **BANKING & FINANCE 0.9%**  |  |  |
| **American AgCredit Corp.**<br>5.250% due 06/15/2026 •(e) | 6000000 | 6033 |
| **Compeer Financial ACA**<br>7.875% due 02/15/2031 •(e) | 9000000 | 9222 |
| **Farm Credit Bank of Texas**<br>7.750% due 06/15/2029 •(e) | 2500000 | 2614 |
| Total Preferred Securities (Cost $17,500) |  | 17869 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **SHORT-TERM INSTRUMENTS 0.0%**  |  |  |
| **U.S. TREASURY BILLS 0.0%**  |  |  |
| 3.681% due 04/16/2026 - 06/23/2026 (b)(c)(k) | $700 | 696 |
| Total Short-Term Instruments (Cost $697) |  | 696 |
| Total Investments in Securities (Cost $2,694,802) |  | 2652016 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 8.1%**  |  |  |
| **SHORT-TERM INSTRUMENTS 8.1%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 8.1%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 16240602 | $158167 |
| Total Short-Term Instruments (Cost $158,172) |  | 158167 |
| Total Investments in Affiliates (Cost $158,172) |  | 158167 |
| Total Investments 144.4% (Cost $2,852,974) |  | $2810183 |
| **Financial Derivative Instruments (h)(j) 0.6**%(Cost or Premiums, net $7,294) |  | 10844 |
| Other Assets and Liabilities, net (45.0)% |  | (874729) |
| Net Assets 100.0% |  | $1946298 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series M (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:**  | **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.** | **\* 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.** | **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 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).** | **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.** | **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.** | **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.** | **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.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** |
| **(b)** | **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.** | **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.** |
| **(c)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(d)** | **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.** | **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.** |
| **(e)** | **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.** | **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.** |
| **(f)** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** |
| Issuer Description | Issuer Description | Issuer Description | Issuer Description |  |  | Acquisition<br>Date | Acquisition<br>Date | Cost | Cost | Cost | Market<br>Value | Market<br>Value | Market Value<br>as Percentage<br>of Net Assets |
| Blue Cross & Blue Shield of Minnesota4.850% due 09/30/2030 | Blue Cross & Blue Shield of Minnesota4.850% due 09/30/2030 | Blue Cross & Blue Shield of Minnesota4.850% due 09/30/2030 | Blue Cross & Blue Shield of Minnesota4.850% due 09/30/2030 |  |  | 10/03/2025 | 10/03/2025 | 4700 | 4700 | 4700 | 4627 | 4627 | 0.24 |
| Deloitte LLP5.410% due 01/30/2032 | Deloitte LLP5.410% due 01/30/2032 | Deloitte LLP5.410% due 01/30/2032 | Deloitte LLP5.410% due 01/30/2032 |  |  | 10/30/2024 | 10/30/2024 | 1800 | 1800 | 1800 | 1806 | 1806 | 0.09 |
| Deloitte LLP5.590% due 01/30/2035 | Deloitte LLP5.590% due 01/30/2035 | Deloitte LLP5.590% due 01/30/2035 | Deloitte LLP5.590% due 01/30/2035 |  |  | 10/30/2024 | 10/30/2024 | 1100 | 1100 | 1100 | 1095 | 1095 | 0.06 |
| Deloitte LLP5.970% due 01/30/2045 | Deloitte LLP5.970% due 01/30/2045 | Deloitte LLP5.970% due 01/30/2045 | Deloitte LLP5.970% due 01/30/2045 |  |  | 10/30/2024 | 10/30/2024 | 900 | 900 | 900 | 869 | 869 | 0.04 |
| Drillco Holdings Luxembourg SA | Drillco Holdings Luxembourg SA | Drillco Holdings Luxembourg SA | Drillco Holdings Luxembourg SA |  |  | 06/08/2023 | 06/08/2023 | 32 | 32 | 32 | 37 | 37 | 0.00 |
| Morgan Stanley0.000% due 04/02/2032 | Morgan Stanley0.000% due 04/02/2032 | Morgan Stanley0.000% due 04/02/2032 | Morgan Stanley0.000% due 04/02/2032 |  |  | 02/11/2020 | 02/11/2020 | 7232 | 7232 | 7232 | 5961 | 5961 | 0.31 |
| Royal Bank of Scotland International Ltd.4.660% due 12/16/2028 | Royal Bank of Scotland International Ltd.4.660% due 12/16/2028 | Royal Bank of Scotland International Ltd.4.660% due 12/16/2028 | Royal Bank of Scotland International Ltd.4.660% due 12/16/2028 |  |  | 11/18/2025 | 11/18/2025 | 6000 | 6000 | 6000 | 5923 | 5923 | 0.30 |
|  |  |  |  |  |  |  | $ | 21764 | 21764 | $ | 20318 | 1.04%  | 1.04%  |
| **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** | **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:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** |
| Counterparty | Counterparty | Counterparty | Borrowing Rate<sup>(1)</sup> | Borrowing Rate<sup>(1)</sup> | Settlement Date | Maturity Date | Maturity Date | Maturity Date | Amount<br>Borrowed<sup>(1)</sup> | Amount<br>Borrowed<sup>(1)</sup> | Amount<br>Borrowed<sup>(1)</sup> | Payable for<br>Reverse<br>Repurchase<br>Agreements | Payable for<br>Reverse<br>Repurchase<br>Agreements |
| BRC | BRC | BRC | 3.500%  | 3.500%  | 02/25/2026 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (5645) | (5645) | (5645) | (5664) | (5664) |
| MSR | MSR | MSR | 3.550  | 3.550  | 03/31/2026 | 04/01/2026 | 04/01/2026 | 04/01/2026 | (46440) | (46440) | (46440) | (46440) | (46440) |
| MSR | MSR | MSR | 3.660  | 3.660  | 04/01/2026 | 04/02/2026 | 04/02/2026 | 04/02/2026 | (46680) | (46680) | (46680) | (46680) | (46680) |
| **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** |  |  |  |  |  |  |  |  |  | **(98784)** | **(98784)** |
| **(g)** | **Securities with an aggregate market value of $51,971 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $51,971 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $51,971 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $51,971 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $51,971 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $51,971 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $51,971 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $51,971 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $51,971 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $51,971 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $51,971 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $51,971 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $51,971 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 $(16443) at a weighted average interest rate of 2.634%. 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 $(16443) at a weighted average interest rate of 2.634%. 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 $(16443) at a weighted average interest rate of 2.634%. 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 $(16443) at a weighted average interest rate of 2.634%. 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 $(16443) at a weighted average interest rate of 2.634%. 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 $(16443) at a weighted average interest rate of 2.634%. 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 $(16443) at a weighted average interest rate of 2.634%. 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 $(16443) at a weighted average interest rate of 2.634%. 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 $(16443) at a weighted average interest rate of 2.634%. 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 $(16443) at a weighted average interest rate of 2.634%. 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 $(16443) at a weighted average interest rate of 2.634%. 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 $(16443) at a weighted average interest rate of 2.634%. 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 $(16443) at a weighted average interest rate of 2.634%. 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. | 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. |
| **(h)** | **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** | **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** |
| **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** |
|  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) |  | Asset |  | Liability |
| Australia Government 10-Year Bond June Futures  | Australia Government 10-Year Bond June Futures  | 06/2026 | 06/2026 | 951 | 951 | 70702 | (425) | (425) | (425) | $ | 665 | $ | $0 |
| Canada Government 10-Year Bond June Futures  | Canada Government 10-Year Bond June Futures  | 06/2026 | 06/2026 | 115 | 115 | 9921 | (194) | (194) | (194) |  | 40 |  | 0 |
| Long Guilt June Futures  | Long Guilt June Futures  | 06/2026 | 06/2026 | 545 | 545 | 63328 | (1472) | (1472) | (1472) |  | 476 |  | 0 |
| U.S. Treasury 2-Year Note June Futures  | U.S. Treasury 2-Year Note June Futures  | 06/2026 | 06/2026 | 6805 | 6805 | 1411665 | 1526 | 1526 | 1526 |  | 532 |  | 0 |
| U.S. Treasury 5-Year Note June Futures  | U.S. Treasury 5-Year Note June Futures  | 06/2026 | 06/2026 | 11450 | 11450 | 1238657 | (17543) | (17543) | (17543) |  | 1610 |  | 0 |
| U.S. Treasury 10-Year Note June Futures  | U.S. Treasury 10-Year Note June Futures  | 06/2026 | 06/2026 | 844 | 844 | 93724 | (1744) | (1744) | (1744) |  | 198 |  | 0 |
| U.S. Treasury Long-Term Bond June Futures  | U.S. Treasury Long-Term Bond June Futures  | 06/2026 | 06/2026 | 1025 | 1025 | 116722 | (3821) | (3821) | (3821) |  | 384 |  | 0 |
| U.S. Treasury Ultra Long-Term Bond June Futures  | U.S. Treasury Ultra Long-Term Bond June Futures  | 06/2026 | 06/2026 | 338 | 338 | 39398 | (1307) | (1307) | (1307) |  | 74 |  | 0 |
|  |  |  |  |  |  |  | (24980) | (24980) | $ | $ | 3979 | $ | 0 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series M (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **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** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description | Description | Description | Description |  | Expiration<br>Month | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | 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  | U.S. Treasury 10-Year Ultra Long-Term Bond June Futures  | 06/2026 | 06/2026 | 06/2026 | 2770 | (314438) | (314438) | $5819 | 5819 | 5819 | 0 | 0 | 0 | (822) |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **(19161)** | **(19161)** | **$** | **3979** | **3979** | **$** | **(822)** |
| **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:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Reference Entity | Reference Entity | Reference Entity | Fixed <br>Receive Rate | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Implied<br>Credit Spread at<br>March 31, 2026<sup>(2)</sup> | Implied<br>Credit Spread at<br>March 31, 2026<sup>(2)</sup> | Implied<br>Credit Spread at<br>March 31, 2026<sup>(2)</sup> |  | Notional<br>Amount<sup>(3)</sup> | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) |  | Market<br>Value<sup>(4)</sup> | Market<br>Value<sup>(4)</sup> | Asset | Asset | Liability |
| AT&T, Inc.  | AT&T, Inc.  | AT&T, Inc.  | 1.000% | Quarterly | 12/20/2027 | 12/20/2027 | 0.368 | 0.368 | % | $ | $7700 | 87 | $ | (3) | $ | 84 | 84 | 1 | 1 | 0 |
| ZF Europe Finance BV  | ZF Europe Finance BV  | ZF Europe Finance BV  | 5.000 | Quarterly | 12/20/2029 | 12/20/2029 | 3.160 | 3.160 |  | EUR | 1500 | 116 |  | (6) |  | 110 | 110 | 0 | 0 | (11) |
|  |  |  |  |  |  |  |  |  |  |  |  | 203 | $ | (9) | $ | 194 | 194 | 1 | 1 | (11) |
| **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** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Floating Rate Index | Floating Rate Index | Fixed Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date |  |  | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Market<br>Value | Asset | Asset | Liability |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.261% | Annual | Annual | 02/28/2029 | $ | $ | 116700 | $0 | 0 | 1069 | 1069 | 1069 | 1069 | $0 | 0 | $(81) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.280 | Annual | Annual | 02/28/2029 |  |  | 116850 | 0 | 0 | 1006 | 1006 | 1006 | 1006 | 0 | 0 | (81) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.281 | Annual | Annual | 02/28/2029 |  |  | 150700 | 0 | 0 | 1296 | 1296 | 1296 | 1296 | 0 | 0 | (104) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.620 | Annual | Annual | 02/14/2030 |  |  | 166800 | 2636 | 2636 | (2853) | (2853) | (217) | (217) | 0 | 0 | (161) |
| Receive<sup>(5)</sup> | Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.325 | Annual | Annual | 08/31/2030 |  |  | 275253 | 899 | 899 | 1831 | 1831 | 2730 | 2730 | 0 | 0 | (273) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.850 | Annual | Annual | 08/05/2034 |  |  | 5800 | (22) | (22) | 3 | 3 | (19) | (19) | 0 | 0 | (6) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.645 | Annual | Annual | 08/07/2034 |  |  | 5800 | (20) | (20) | 94 | 94 | 74 | 74 | 0 | 0 | (6) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.595 | Annual | Annual | 08/19/2034 |  |  | 5700 | (20) | (20) | 114 | 114 | 94 | 94 | 0 | 0 | (6) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.558 | Annual | Annual | 08/21/2034 |  |  | 5600 | (19) | (19) | 127 | 127 | 108 | 108 | 0 | 0 | (5) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.611 | Annual | Annual | 08/28/2034 |  |  | 8620 | (35) | (35) | 165 | 165 | 130 | 130 | 0 | 0 | (8) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.470 | Annual | Annual | 09/04/2034 |  |  | 5000 | (19) | (19) | 149 | 149 | 130 | 130 | 0 | 0 | (5) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.410 | Annual | Annual | 09/05/2034 |  |  | 5700 | (22) | (22) | 197 | 197 | 175 | 175 | 0 | 0 | (5) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.231 | Annual | Annual | 09/18/2034 |  |  | 5700 | (20) | (20) | 274 | 274 | 254 | 254 | 0 | 0 | (5) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.248 | Annual | Annual | 09/18/2034 |  |  | 5600 | (20) | (20) | 262 | 262 | 242 | 242 | 0 | 0 | (5) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.000 | Annual | Annual | 02/12/2055 |  |  | 48700 | 7902 | 7902 | 1552 | 1552 | 9454 | 9454 | 174 | 174 | 0 |
| Pay | Pay | 1-Year BRL-CDI | 1-Year BRL-CDI | 1-Year BRL-CDI | 13.353 | Maturity | Maturity | 01/02/2029 | BRL | BRL | 553200 | 0 | 0 | (1385) | (1385) | (1385) | (1385) | 641 | 641 | 0 |
| Pay<sup>(5)</sup> | Pay<sup>(5)</sup> | 6-Month AUD-BBR-BBSW | 6-Month AUD-BBR-BBSW | 6-Month AUD-BBR-BBSW | 4.750 | Semi-Annual | Semi-Annual | 12/20/2033 | AUD | AUD | 202400 | (2453) | (2453) | 902 | 902 | (1551) | (1551) | 898 | 898 | 0 |
| Pay<sup>(5)</sup> | Pay<sup>(5)</sup> | 6-Month AUD-BBR-BBSW | 6-Month AUD-BBR-BBSW | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | Semi-Annual | 02/15/2034 |  |  | 131300 | (272) | (272) | (1663) | (1663) | (1935) | (1935) | 557 | 557 | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.050 | Annual | Annual | 10/05/2029 | EUR | EUR | 16300 | 0 | 0 | 328 | 328 | 328 | 328 | 0 | 0 | (52) |
| Receive | Receive | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.056 | Annual | Annual | 10/05/2029 |  |  | 24200 | 0 | 0 | 480 | 480 | 480 | 480 | 0 | 0 | (77) |
| Receive | Receive | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.063 | Annual | Annual | 10/05/2029 |  |  | 37100 | 0 | 0 | 726 | 726 | 726 | 726 | 0 | 0 | (119) |
| Receive | Receive | CAONREPO | CAONREPO | CAONREPO | 3.500 | Semi-Annual | Semi-Annual | 06/01/2032 | CAD | CAD | 64000 | (1401) | (1401) | (147) | (147) | (1548) | (1548) | 0 | 0 | (115) |
|  |  |  |  |  |  |  |  |  |  |  |  | 7114 | $ | 4527 | $ | 11641 | 11641 | 2270 | 2270 | (1114) |
| **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** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **7317** | **$** | **4518** | **$** | **11835** | **11835** | **2271** | **2271** | **(1125)** |
| **(i)** | **Securities with an aggregate market value of $57,609 and cash of $8,977 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $57,609 and cash of $8,977 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $57,609 and cash of $8,977 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $57,609 and cash of $8,977 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $57,609 and cash of $8,977 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $57,609 and cash of $8,977 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $57,609 and cash of $8,977 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $57,609 and cash of $8,977 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $57,609 and cash of $8,977 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $57,609 and cash of $8,977 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $57,609 and cash of $8,977 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $57,609 and cash of $8,977 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $57,609 and cash of $8,977 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $57,609 and cash of $8,977 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $57,609 and cash of $8,977 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $57,609 and cash of $8,977 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $57,609 and cash of $8,977 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $57,609 and cash of $8,977 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $57,609 and cash of $8,977 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $57,609 and cash of $8,977 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** |
| <sup>(1)</sup> | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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. |

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<br> Schedule of Investments PIMCO Fixed Income SHares: Series M (Cont.) March 31, 2026 (Unaudited)

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|:---|:---|:---|:---|:---|:---|:---|:---|
| <sup>(2)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate 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 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 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 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 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 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 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>(3)</sup> | The maximum potential amount the Portfolio 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 Portfolio 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 Portfolio 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 Portfolio 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 Portfolio 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 Portfolio 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 Portfolio 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>(4)</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. |
| <sup>(5)</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. |
| **(j)** | **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:** |
|  |  |  |  |  | <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 | Settlement<br>Month | Currency to<br>be Delivered | Currency to<br>be Received | Currency to<br>be Received | Asset | Liability |
| &nbsp;&nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp;&nbsp; AZD | 04/2026  | 35889 | $26200 | 26200 | $400 | $0 |
|  |  | 04/2026  | 22 | 17 | 17 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | 04/2026  | 12369 | 2368 | 2368 | 0 | (19) |
|  |  | 04/2026  | 6744 | 978 | 978 | 0 | (2) |
|  |  | 04/2026  | 159329 | 1697 | 1697 | 17 | 0 |
|  |  | 04/2026  | 745 | 5 | 5 | 0 | 0 |
|  |  | 04/2026  | 1041169 | 709 | 709 | 29 | 0 |
|  |  | 04/2026  | 3504 | 947 | 947 | 3 | 0 |
|  |  | 04/2026  | $2370 | 12369 | 12369 | 18 | 0 |
|  |  | 04/2026  | 1697 | 159614 | 159614 | 0 | (17) |
|  |  | 04/2026  | 1807 | 288292 | 288292 | 10 | 0 |
|  |  | 04/2026  | 305 | 5622 | 5622 | 8 | 0 |
|  |  | 04/2026  | 3149 | 11627 | 11627 | 0 | (17) |
|  |  | 04/2026  | 6 | $0 | 0 | 0 | 0 |
|  |  | 05/2026  | 287424 | 1807 | 1807 | 0 | (10) |
|  |  | 06/2026  | 19047 | 6133 | 6133 | 62 | 0 |
|  |  | 06/2026  | 34566 | 1928 | 1928 | 12 | 0 |
|  |  | 06/2026  | $906 | 4808 | 4808 | 10 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | 04/2026  | 4101 | $2922 | 2922 | 92 | 0 |
|  |  | 04/2026  | 27011 | 5175 | 5175 | 0 | (39) |
|  |  | 04/2026  | 2278 | 331 | 331 | 0 | 0 |
|  |  | 04/2026  | 6851 | 2219 | 2219 | 39 | 0 |
|  |  | 04/2026  | 1550762 | 1035 | 1035 | 21 | 0 |
|  |  | 04/2026  | 158281 | 4892 | 4892 | 90 | (3) |
|  |  | 04/2026  | $4384 | 6267 | 6267 | 0 | (60) |
|  |  | 04/2026  | 5210 | 27011 | 27011 | 5 | 0 |
|  |  | 04/2026  | 930 | 688 | 688 | 0 | (19) |
|  |  | 04/2026  | 8800 | 148918489 | 148918489 | 0 | (41) |
|  |  | 04/2026  | 1635 | 5177 | 5177 | 12 | 0 |
|  |  | 04/2026  | 7020 | 650073 | 650073 | 0 | (171) |
|  |  | 04/2026  | 711 | 1062291 | 1062291 | 0 | (17) |
|  |  | 04/2026  | 2502 | 9023 | 9023 | 0 | (71) |
|  |  | 04/2026  | 79 | 101 | 101 | 0 | 0 |
|  |  | 04/2026  | 1 | 29 | 29 | 0 | 0 |
|  |  | 04/2026  | 6001 | 191819 | 191819 | 9 | (1) |
|  |  | 04/2026  | 15140 | $894 | 894 | 0 | 0 |
|  |  | 05/2026  | 5172 | 1635 | 1635 | 0 | (12) |
|  |  | 05/2026  | 523683 | 5535 | 5535 | 31 | 0 |
|  |  | 05/2026  | 101 | 79 | 79 | 0 | 0 |
|  |  | 05/2026  | 120257 | 3732 | 3732 | 0 | (38) |
|  |  | 05/2026  | $2160 | 11338 | 11338 | 16 | 0 |
|  |  | 05/2026  | 2769 | 47132727 | 47132727 | 3 | 0 |
|  |  | 05/2026  | 552 | 18121 | 18121 | 0 | (1) |
|  |  | 06/2026  | 30204670 | $1795 | 1795 | 20 | 0 |
|  |  | 06/2026  | $835 | 14069642 | 14069642 | 0 | (8) |
|  |  | 06/2026  | 2264 | 39414 | 39414 | 0 | (79) |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | &nbsp;&nbsp;&nbsp;&nbsp; BRC | 04/2026  | 51 | $37 | 37 | 0 | 0 |
|  |  | 04/2026  | 339 | 35 | 35 | 0 | 0 |
|  |  | 04/2026  | $139 | 500 | 500 | 0 | (4) |
|  |  | 04/2026  | 1812 | 16445 | 16445 | 0 | (75) |
|  |  | 04/2026  | 24296 | 1093747 | 1093747 | 131 | 0 |
|  |  | 04/2026  | 121168 | $7404 | 7404 | 253 | 0 |
|  |  | 05/2026  | $37 | 51 | 51 | 0 | 0 |
|  |  | 05/2026  | 13 | 10 | 10 | 0 | 0 |
|  |  | 05/2026  | 1817 | 84339 | 84339 | 2 | 0 |
|  |  | 06/2026  | 261 | $85 | 85 | 2 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | &nbsp;&nbsp;&nbsp;&nbsp; BSH | 04/2026  | 1149 | 1530 | 1530 | 9 | 0 |
|  |  | 04/2026  | $9974 | 1592260 | 1592260 | 59 | 0 |
|  |  | 04/2026  | 19868 | 34415 | 34415 | 0 | (91) |
|  |  | 04/2026  | 8794 | 31807 | 31807 | 0 | (226) |
|  |  | 05/2026  | 1587463 | $9974 | 9974 | 0 | (59) |
|  |  | 05/2026  | 34415 | 19890 | 19890 | 93 | 0 |
|  |  | 05/2026  | $1529 | 1149 | 1149 | 0 | (9) |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | &nbsp;&nbsp;&nbsp;&nbsp; CBK | 04/2026  | 5173 | $3645 | 3645 | 76 | 0 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series M (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 04/2026  | 5618 | 4138 | 99 | 0 |
|  | 04/2026  | 2308 | 334 | 0 | (1) |
|  | 04/2026  | 1216016 | 13011 | 192 | 0 |
|  | 04/2026  | 11345 | 1173 | 1 | 0 |
|  | 04/2026  | 5360 | 576 | 10 | 0 |
|  | 04/2026  | 192 | 6 | 0 | 0 |
|  | 04/2026  | 8428 | 264 | 0 | 0 |
|  | 04/2026  | $31961 | 2945349 | 0 | (933) |
|  | 06/2026  | 175195 | $10 | 0 | 0 |
|  | 06/2026  | 1813 | 588 | 10 | 0 |
|  | 06/2026  | $581 | 9769600 | 0 | (7) |
|  | 06/2026  | 3004 | 53193 | 0 | (53) |
|  | 09/2026  | 782 | 13986 | 0 | (13) |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | 04/2026  | 8629 | $1248 | 0 | (5) |
|  | 04/2026  | 13822 | 4465 | 68 | 0 |
|  | 04/2026  | 493181 | 5239 | 41 | (1) |
|  | 04/2026  | $19911 | 29025 | 115 | 0 |
|  | 04/2026  | 2575 | 17643 | 0 | (14) |
|  | 04/2026  | 5838 | 549928 | 2 | (52) |
|  | 04/2026  | 30894 | 39464 | 0 | (199) |
|  | 04/2026  | 1904 | 62172 | 0 | (17) |
|  | 04/2026  | 440 | 14017 | 0 | (1) |
|  | 05/2026  | 29025 | $19903 | 0 | (115) |
|  | 05/2026  | 39376 | 30894 | 198 | 0 |
|  | 05/2026  | $1248 | 8608 | 5 | 0 |
|  | 06/2026  | 62047 | $1904 | 11 | 0 |
|  | 06/2026  | 573 | 18 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; GLM | 04/2026  | 155887 | 29576 | 0 | (519) |
|  | 04/2026  | 6710 | 2158 | 23 | 0 |
|  | 04/2026  | 19957 | 219 | 8 | 0 |
|  | 04/2026  | 101000 | 3169 | 103 | 0 |
|  | 04/2026  | $30360 | 166759 | 1834 | 0 |
|  | 04/2026  | 2314 | 15886 | 0 | (7) |
|  | 04/2026  | 254 | 4296415 | 0 | (2) |
|  | 04/2026  | 2588 | 47723 | 73 | 0 |
|  | 04/2026  | 2182 | 71587 | 0 | (9) |
|  | 06/2026  | 12759328 | $757 | 7 | 0 |
|  | 06/2026  | 71460 | 2182 | 1 | 0 |
|  | 06/2026  | $2712 | 14431 | 38 | 0 |
|  | 06/2026  | 1323 | 22386740 | 0 | (8) |
|  | 06/2026  | 4339 | 75593 | 0 | (147) |
|  | 07/2026  | 26864 | 144559 | 480 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; IND | 04/2026  | 104085 | $122902 | 2595 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | 04/2026  | 13567 | 1962 | 0 | (8) |
|  | 04/2026  | 3759 | 4316 | 0 | (28) |
|  | 04/2026  | 252115 | 2681 | 24 | 0 |
|  | 04/2026  | 10113 | 2751 | 32 | (5) |
|  | 04/2026  | 30709 | 24368 | 483 | 0 |
|  | 04/2026  | $2681 | 252547 | 0 | (24) |
|  | 04/2026  | 8972 | 161164 | 27 | (17) |
|  | 04/2026  | 49 | 64 | 0 | 0 |
|  | 04/2026  | 384051 | $22935 | 281 | (11) |
|  | 05/2026  | 3110 | 2131 | 0 | (14) |
|  | 05/2026  | 64 | 49 | 0 | 0 |
|  | 05/2026  | $1312 | 9058 | 6 | 0 |
|  | 06/2026  | 4539 | $1469 | 22 | 0 |
|  | 06/2026  | $13 | 218221 | 0 | 0 |
|  | 06/2026  | 4429 | 79417 | 0 | (25) |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | 04/2026  | 3990 | $2783 | 31 | 0 |
|  | 04/2026  | 308 | 389 | 4 | 0 |
|  | 04/2026  | 2075 | 2777 | 30 | 0 |
|  | 04/2026  | 758353 | 4875 | 97 | 0 |
|  | 04/2026  | 1308562 | 894 | 40 | 0 |
|  | 04/2026  | 1828 | 191 | 2 | 0 |
|  | 04/2026  | 11190 | 1200 | 18 | 0 |
|  | 04/2026  | 8946 | 7024 | 66 | 0 |
|  | 04/2026  | 49227 | 1540 | 45 | 0 |
|  | 04/2026  | $3685 | 5279 | 0 | (43) |
|  | 04/2026  | 1065 | 830 | 0 | (27) |
|  | 04/2026  | 4482 | 3350 | 0 | (48) |
|  | 04/2026  | 5323 | 849695 | 31 | 0 |
|  | 04/2026  | 775 | 14308 | 23 | 0 |
|  | 04/2026  | 1411 | 13511 | 3 | (18) |
|  | 04/2026  | 38 | 48 | 0 | 0 |
|  | 05/2026  | 875 | $1158 | 0 | 0 |
|  | 05/2026  | 611442 | 3835 | 0 | (29) |
|  | 05/2026  | 2361 | 241 | 0 | (3) |
|  | 05/2026  | 48 | 38 | 0 | 0 |
|  | 05/2026  | $1709 | 1275 | 0 | (21) |
|  | 06/2026  | 4398 | $244 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MYI | 04/2026  | 8257 | 53 | 1 | 0 |
|  | 04/2026  | 885 | 250 | 12 | 0 |
|  | 06/2026  | 187125 | 11 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | 04/2026  | 318341 | 2041 | 35 | 0 |
|  | 04/2026  | 34415 | 20511 | 734 | 0 |
|  | 04/2026  | 5343 | 168 | 6 | 0 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series M (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  | 04/2026  | $ | $30016 | 30016 | 30016 | CAD | 41558 | 41558 |  | 0 | 0 |  | (141) | (141) |
|  |  |  | 04/2026  |  | 6457 | 6457 | 6457 | GBP | 4792 | 4792 |  | 0 | 0 |  | (114) | (114) |
|  |  |  | 04/2026  |  | 4230 | 4230 | 4230 | IDR | 71432010 | 71432010 |  | 0 | 0 |  | (28) | (28) |
|  |  |  | 04/2026  |  | 3463 | 3463 | 3463 | INR | 315527 | 315527 |  | 0 | 0 |  | (137) | (137) |
|  |  |  | 04/2026  |  | 1241 | 1241 | 1241 | JPY | 196700 | 196700 |  | 0 | 0 |  | (2) | (2) |
|  |  |  | 04/2026  |  | 939 | 939 | 939 | PLN | 3396 | 3396 |  | 0 | 0 |  | (24) | (24) |
|  |  |  | 04/2026  |  | 4026 | 4026 | 4026 | TWD | 128494 | 128494 |  | 0 | 0 |  | (4) | (4) |
|  |  |  | 05/2026  | CAD | 41500 | 41500 | 41500 | $ | 30016 | 30016 |  | 140 | 140 |  | 0 | 0 |
|  |  |  | 06/2026  | $ | $2260 | 2260 | 2260 | IDR | 38103392 | 38103392 |  | 0 | 0 |  | (21) | (21) |
| &nbsp;&nbsp;&nbsp;&nbsp; SOG | &nbsp;&nbsp;&nbsp;&nbsp; SOG | &nbsp;&nbsp;&nbsp;&nbsp; SOG | 04/2026  | CHF | 5091 | 5091 | 5091 | $ | 6594 | 6594 |  | 227 | 227 |  | 0 | 0 |
|  |  |  | 04/2026  | JPY | 1755848 | 1755848 | 1755848 |  | 11285 | 11285 |  | 221 | 221 |  | 0 | 0 |
|  |  |  | 04/2026  | $ | $5713 | 5713 | 5713 | CHF | 4580 | 4580 |  | 14 | 14 |  | 0 | 0 |
|  |  |  | 04/2026  |  | 124452 | 124452 | 124452 | EUR | 107844 | 107844 |  | 200 | 200 |  | 0 | 0 |
|  |  |  | 04/2026  |  | 11 | 11 | 11 | SEK | 105 | 105 |  | 0 | 0 |  | 0 | 0 |
|  |  |  | 05/2026  | CHF | 4563 | 4563 | 4563 | $ | 5713 | 5713 |  | 0 | 0 |  | (14) | (14) |
|  |  |  | 05/2026  | EUR | 107844 | 107844 | 107844 |  | 124647 | 124647 |  | 0 | 0 |  | (195) | (195) |
|  |  |  | 05/2026  | SEK | 105 | 105 | 105 |  | 11 | 11 |  | 0 | 0 |  | 0 | 0 |
|  |  |  | 06/2026  | ILS | 5287 | 5287 | 5287 |  | 1719 | 1719 |  | 33 | 33 |  | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp;&nbsp; SSB | 04/2026  | AUD | 27307 | 27307 | 27307 |  | 19432 | 19432 |  | 592 | 592 |  | 0 | 0 |
|  |  |  | 04/2026  | GBP | 5606 | 5606 | 5606 |  | 7499 | 7499 |  | 78 | 78 |  | 0 | 0 |
|  |  |  | 04/2026  | JPY | 85620 | 85620 | 85620 |  | 550 | 550 |  | 10 | 10 |  | 0 | 0 |
|  |  |  | 05/2026  | $ | $7499 | 7499 | 7499 | GBP | 5606 | 5606 |  | 0 | 0 |  | (78) | (78) |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | 04/2026  | PLN | 5272 | 5272 | 5272 | $ | 1433 | 1433 |  | 13 | 13 |  | 0 | 0 |
|  |  |  | 04/2026  | $ | $5438 | 5438 | 5438 | PLN | 19644 | 19644 |  | 0 | 0 |  | (147) | (147) |
|  |  |  | 06/2026  | ILS | 7849 | 7849 | 7849 | $ | 2545 | 2545 |  | 43 | 43 |  | 0 | 0 |
|  |  |  | 06/2026  | MXN | 5609 | 5609 | 5609 |  | 313 | 313 |  | 2 | 2 |  | 0 | 0 |
|  |  |  | 06/2026  | $ | $3336 | 3336 | 3336 | MXN | 58230 | 58230 |  | 0 | 0 |  | (107) | (107) |
| **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** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | $**11072** | **11072** | **11072** | $**(4525)** | **(4525)** | **(4525)** |
| **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 ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(4)</sup> | <u>Swap Agreements, at Value</u><sup>(4)</sup> | <u>Swap Agreements, at Value</u><sup>(4)</sup> |
| Counterparty | Counterparty | Reference Entity | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Maturity<br>Date | Implied<br>Credit Spread at<br>March 31, 2026<sup>(2)</sup> | Implied<br>Credit Spread at<br>March 31, 2026<sup>(2)</sup> | Implied<br>Credit Spread at<br>March 31, 2026<sup>(2)</sup> | Notional<br>Amount<sup>(3)</sup> | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| CBK | CBK | Petroleos Mexicanos  | 1.000% | 1.000% | Quarterly | 12/20/2026 | 2.033% | 2.033% | 2.033% | $500 | (5) | (5) | $2 | 0 | 0 | $(3) |
| GST | GST | Soft Bank Group,Inc.  | 1.000 | 1.000 | Quarterly | 06/20/2026 | 1.662 | 1.662 | 1.662 | 2100 | (18) | (18) | 15 | 0 | 0 | (3) |
| **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** | **Total Swap Agreements** | **Total Swap Agreements** | **(23)** | **(23)** | $**17** | **0** | **0** | $**(6)** |
| **(k)** | **Securities with an aggregate market value of $1,480 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 $1,480 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 $1,480 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 $1,480 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 $1,480 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 $1,480 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 $1,480 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 $1,480 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 $1,480 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 $1,480 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 $1,480 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 $1,480 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 $1,480 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 $1,480 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 $1,480 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 $1,480 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.** |
| <sup>(1)</sup> | If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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 Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio 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>(2)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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>(3)</sup> | The maximum potential amount the Portfolio 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 Portfolio 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 Portfolio 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 Portfolio 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 Portfolio 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 Portfolio 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 Portfolio 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 Portfolio 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 Portfolio 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 Portfolio 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 Portfolio 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 Portfolio 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 Portfolio 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 Portfolio 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 Portfolio 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 Portfolio 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>(4)</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. |
| **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** | **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 Portfolio'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 Portfolio'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 Portfolio'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 Portfolio'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 Portfolio'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 Portfolio'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 Portfolio'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 Portfolio'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 Portfolio'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 Portfolio'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 Portfolio'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 Portfolio'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 Portfolio'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 Portfolio'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 Portfolio'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 Portfolio's assets and liabilities**: |  |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Level 1 | Level 1 | Level 1 | 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** | **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 | Loan Participations and Assignments | Loan Participations and Assignments | 0 | 0 | 0 | 0 | $5629 | 5629 | 5629 | 5629 | 5629 |  |
| 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 | Banking & Finance | Banking & Finance | 0 | 0 | 0 | 364112 | 14320 | 14320 | 14320 | 378432 | 378432 |  |
| Industrials | Industrials | Industrials | Industrials | Industrials | Industrials | Industrials | 0 | 0 | 0 | 184994 | 0 | 0 | 0 | 184994 | 184994 |  |
| Utilities | Utilities | Utilities | Utilities | Utilities | Utilities | Utilities | 0 | 0 | 0 | 55083 | 0 | 0 | 0 | 55083 | 55083 |  |
| Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes |  |
| California | California | California | California | California | California | California | 0 | 0 | 0 | 9819 | 0 | 0 | 0 | 9819 | 9819 |  |
| Pennsylvania | Pennsylvania | Pennsylvania | Pennsylvania | Pennsylvania | Pennsylvania | Pennsylvania | 0 | 0 | 0 | 652 | 0 | 0 | 0 | 652 | 652 |  |
| U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | 0 | 0 | 0 | 826587 | 0 | 0 | 0 | 826587 | 826587 |  |
| U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 0 | 0 | 207444 | 0 | 0 | 0 | 207444 | 207444 |  |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 0 | 0 | 229133 | 43260 | 43260 | 43260 | 272393 | 272393 |  |
| 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 | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |  |
| Automobile Sequential | Automobile Sequential | Automobile Sequential | Automobile Sequential | Automobile Sequential | Automobile Sequential | Automobile Sequential | 0 | 0 | 0 | 3388 | 0 | 0 | 0 | 3388 | 3388 |  |
| CMBS Other | CMBS Other | CMBS Other | CMBS Other | CMBS Other | CMBS Other | CMBS Other | 0 | 0 | 0 | 51891 | 0 | 0 | 0 | 51891 | 51891 |  |
| Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | 0 | 0 | 0 | 181970 | 0 | 0 | 0 | 181970 | 181970 |  |
| Home Equity Sequential | Home Equity Sequential | Home Equity Sequential | Home Equity Sequential | Home Equity Sequential | Home Equity Sequential | Home Equity Sequential | 0 | 0 | 0 | 2987 | 0 | 0 | 0 | 2987 | 2987 |  |

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<br> Schedule of Investments PIMCO Fixed Income SHares: Series M (Cont.) March 31, 2026 (Unaudited)

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Manufacturing House Sequential | Manufacturing House Sequential | Manufacturing House Sequential | Manufacturing House Sequential | Manufacturing House Sequential | Manufacturing House Sequential | 0 | 0 | 0 | 132 | 132 | 0 |  |  | 132 |  |  |
|  | Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | 0 | 0 | 0 | 12724 | 12724 | 0 |  |  | 12724 |  |  |
|  | Other ABS | Other ABS | Other ABS | Other ABS | Other ABS | Other ABS | 0 | 0 | 0 | 275093 | 275093 | 3000 |  |  | 278093 |  |  |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 0 | 161182 | 161182 | 0 |  |  | 161182 |  |  |
| Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks |  |  |
|  | Industrials | Industrials | Industrials | Industrials | Industrials | Industrials | 0 | 0 | 0 | 0 | 0 | 51 |  |  | 51 |  |  |
| Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities |  |  |
|  | Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | 0 | 0 | 0 | 17869 | 17869 | 0 |  |  | 17869 |  |  |
| 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 | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |  |  |
|  | U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | 0 | 0 | 0 | 696 | 696 | 0 |  |  | 696 |  |  |
|  |  |  |  |  |  |  | $0 | 0 | 0 | $2585756 | 2585756 | 66260 | $ | $ | 2652016 |  |  |
| **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** | **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 | 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 | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | $158167 | 158167 | 158167 | $0 | 0 | 0 | $ | $ | 158167 |  |  |
| Total Investments | Total Investments | Total Investments | Total Investments | Total Investments | Total Investments | Total Investments | $158167 | 158167 | 158167 | $2585756 | 2585756 | 66260 | $ | $ | 2810183 |  |  |
| **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** |  |  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | 1181 | 1181 | 1181 | 5069 | 5069 | 0 |  |  | 6250 |  |  |
| Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 | 0 | 11072 | 11072 | 0 |  |  | 11072 |  |  |
|  |  |  |  |  |  |  | $1181 | 1181 | 1181 | $16141 | 16141 | 0 | $ | $ | 17322 |  |  |
| **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** |  |  |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | 0 | 0 | 0 | (1947) | (1947) | 0 |  |  | (1947) |  |  |
| Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 | 0 | (4531) | (4531) | 0 |  |  | (4531) |  |  |
|  |  |  |  |  |  |  | $0 | 0 | 0 | $(6478) | (6478) | 0 | $ | $ | (6478) |  |  |
| Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | $1181 | 1181 | 1181 | $9663 | 9663 | 0 | $ | $ | 10844 |  |  |
| Totals | Totals | Totals | Totals | Totals | Totals | Totals | $159348 | 159348 | 159348 | $2595419 | 2595419 | 66260 | $ | $ | 2821027 |  |  |
| **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** |
| Category and Subcategory | Category and Subcategory | Beginning<br>Balance<br>at 12/31/2025 | Net<br>Purchases | Net<br>Sales/Settlements | Net<br>Sales/Settlements | Accrued<br>Discounts/<br>(Premiums) | Accrued<br>Discounts/<br>(Premiums) | Realized<br>Gain/(Loss) | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(1)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(1)</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 | 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>(1)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>03/31/2026<sup>(1)</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** |
| Loan Participations and Assignments | Loan Participations and Assignments | 5993 | 0 | $ | $(264) | $ | 0 | $0 | $ | (100) | $0 | $0 | 0 | $ | 5629 | $ | (112) |
| Corporate Bonds & Notes | Corporate Bonds & Notes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Banking & Finance | Banking & Finance | 14552 | 0 |  | 0 |  | 0 | 0 |  | (232) | 0 | 0 | 0 |  | 14320 |  | (232) |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 41842 | 0 |  | 0 |  | 0 | 0 |  | 1418 | 0 | 0 | 0 |  | 43260 |  | 1417 |
| Asset-Backed Securities | Asset-Backed Securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Other ABS | Other ABS | 3000 | 0 |  | 0 |  | 0 | 0 |  | 0 | 0 | 0 | 0 |  | 3000 |  | 0 |
| Common Stocks | Common Stocks |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Industrials | Industrials | 50 | 0 |  | 0 |  | 0 | 0 |  | 1 | 0 | 0 | 0 |  | 51 |  | 1 |
| Totals | Totals | 65437 | 0 | $ | $(264) | $ | 0 | $0 | $ | 1087 | $0 | $0 | 0 | $ | 66260 | $ | 1074 |
| <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:** |
| 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 | Input Value(s)<br>(% Unless Noted Otherwise) | Input Value(s)<br>(% Unless Noted Otherwise) | Input Value(s)<br>(% Unless Noted Otherwise) | Weighted Average% | 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** |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | $5629 | 5629 | &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 | 95.500 | 95.500 | 95.500 |  |  |
| 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 | 14320 | 14320 | &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 | 5.173-6.285 | 5.173-6.285 | 5.173-6.285 | 5.320 | 5.320 |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 43260 | 43260 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | 100.000 | 100.000 | 100.000 |  |  |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Other ABS | Other ABS | Other ABS | 3000 | 3000 | &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 | 5.328 | 5.328 | 5.328 |  |  |
| Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks |
| Industrials | Industrials | Industrials | 51 | 51 | &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 | $23.000 | $23.000 | $23.000 |  |  |
| Total | Total | Total | $66260 | 66260 |  |  |  |  |  |  |  |  |  |  |  |  |  |
| <sup>(1)</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. |

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<br> Schedule of Investments PIMCO Fixed Income SHares: Series R March 31, 2026 (Unaudited)

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| | | |
|:---|:---|:---|
| **(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 205.5% ¤** |  |  |
| **CORPORATE BONDS & NOTES 2.7%** |  |  |
| **BANKING & FINANCE 1.3%** |  |  |
| **GSG Bidco Ltd.**<br>4.700% due 06/15/2031 | 200 | $229 |
| **Jyske Realkredit AS**<br>1.500% due 10/01/2053 | 1872 | 224 |
| **Nordea Kredit Realkreditaktieselskab** |  |  |
| 1.500% due 10/01/2053 | 770 | 94 |
| 2.000% due 10/01/2053 | 499 | 64 |
| **Nykredit Realkredit AS** |  |  |
| 1.500% due 10/01/2053 | 100 | 10 |
| 2.500% due 10/01/2047 | 15 | 2 |
| 3.000% due 10/01/2053 | 4855 | 701 |
| **Realkredit Danmark AS** |  |  |
| 1.500% due 10/01/2053 | 2185 | 269 |
| 2.000% due 10/01/2053 | 366 | 44 |
| 2.500% due 04/01/2047 | 10 | 2 |
| 3.000% due 10/01/2053 | 4308 | 623 |
|  |  | 2262 |
| **INDUSTRIALS 1.4%** |  |  |
| **Beignet Investor LLC**<br>6.581% due 05/30/2049 | $1650 | 1698 |
| **GSG Bidco Ltd.** |  |  |
| 5.375% due 06/15/2036 | 200 | 230 |
| 6.375% due 06/15/2051 | 300 | 344 |
|  |  | 2272 |
| Total Corporate Bonds & Notes (Cost $4,616) |  | 4534 |
| **U.S. GOVERNMENT AGENCIES 45.4%** |  |  |
| **Federal Home Loan Mortgage Corp.** |  |  |
| 5.500% due 11/01/2054 | $4369 | 4394 |
| 6.000% due 03/01/2054 - 07/01/2054 | 4148 | 4240 |
| 6.040% due 07/01/2036 •  | 12 | 12 |
| 6.195% due 09/01/2036 •  | 4 | 4 |
| **Federal Home Loan Mortgage Corp. REMICS** |  |  |
| 4.812% due 08/25/2055 •  | 1480 | 1492 |
| 4.862% due 08/25/2055 •  | 3235 | 3268 |
| **Federal National Mortgage Association** |  |  |
| 3.500% due 12/01/2045 | 6 | 6 |
| 5.114% due 10/01/2044 •  | 1 | 1 |
| 6.000% due 04/01/2054 | 3277 | 3350 |
| 6.500% due 12/01/2053 - 02/01/2054 | 2780 | 2876 |
| **Federal National Mortgage Association REMICS** |  |  |
| 4.221% due 02/25/2037 •  | 7 | 7 |
| 4.692% due 06/25/2055 •  | 1509 | 1524 |
| 4.762% due 07/25/2055 •  | 3540 | 3552 |
| **Government National Mortgage Association REMICS** |  |  |
| 4.523% due 12/20/2053 •  | 3026 | 3028 |
| 4.573% due 11/20/2073 •  | 1164 | 1180 |
| 4.623% due 09/20/2073 - 10/20/2073 •  | 5164 | 5252 |
| 4.653% due 09/20/2073 •  | 3520 | 3575 |
| 4.773% due 11/20/2073 •  | 1549 | 1588 |
| 4.927% due 08/20/2068 •  | 236 | 238 |
| **Government National Mortgage Association, TBA**<br>3.500% due 04/01/2056 | 13300 | 12201 |
| **Uniform Mortgage-Backed Security, TBA** |  |  |
| 4.000% due 04/01/2056 - 06/01/2056 | 8900 | 8395 |
| 4.500% due 05/01/2056 | 15300 | 14752 |
| 6.500% due 06/01/2056 | 1000 | 1034 |
| Total U.S. Government Agencies (Cost $76,023) |  | 75969 |
| **U.S. TREASURY OBLIGATIONS 133.5%** |  |  |
| **U.S. Treasury Bonds** |  |  |
| 4.875% due 08/15/2045 | 40 | 40 |
| **U.S. Treasury Inflation Protected Securities** **(a)** |  |  |
| 0.125% due 02/15/2051 | 4247 | 2262 |
| 0.125% due 02/15/2052 | 3037 | 1579 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series R(Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0.250% due 02/15/2050 | 2593 | 1470 |
| 0.625% due 02/15/2043 | 3989 | 2942 |
| 0.750% due 02/15/2042 | 4735 | 3652 |
| 0.750% due 02/15/2045 | 2583 | 1857 |
| 0.875% due 02/15/2047 | 1138 | 808 |
| 1.000% due 02/15/2046 | 6163 | 4576 |
| 1.000% due 02/15/2048 | 1696 | 1219 |
| 1.000% due 02/15/2049 | 3528 | 2500 |
| 1.500% due 02/15/2053 | 1969 | 1511 |
| 1.750% due 01/15/2028 | 4587 | 4654 |
| 2.125% due 02/15/2040 | 1745 | 1710 |
| 2.125% due 02/15/2041 | 2480 | 2402 |
| 2.125% due 02/15/2054 | 3391 | 2993 |
| 2.375% due 02/15/2055 (c) | 1752 | 1630 |
| 2.375% due 02/15/2056 (c) | 702 | 653 |
| 2.500% due 01/15/2029 | 1392 | 1444 |
| 3.375% due 04/15/2032 | 467 | 516 |
| 3.625% due 04/15/2028 | 2634 | 2771 |
| 0.125% due 04/15/2027 | 4953 | 4925 |
| 0.125% due 01/15/2030 (c) | 9771 | 9355 |
| 0.125% due 07/15/2030 (c) | 7357 | 7005 |
| 0.125% due 07/15/2031 (c) | 10520 | 9832 |
| 0.125% due 01/15/2032 (c) | 9738 | 8965 |
| 0.250% due 07/15/2029 (c) | 7757 | 7546 |
| 0.500% due 01/15/2028 | 6249 | 6203 |
| 0.625% due 07/15/2032 (c) | 7947 | 7501 |
| 0.750% due 07/15/2028 (e) | 907 | 904 |
| 0.875% due 01/15/2029 | 4894 | 4860 |
| 1.125% due 10/15/2030 (c) | 12568 | 12459 |
| 1.125% due 01/15/2033 | 873 | 841 |
| 1.375% due 07/15/2033 | 6853 | 6702 |
| 1.625% due 10/15/2027 | 110 | 112 |
| 1.625% due 10/15/2029 (c) | 17570 | 17854 |
| 1.625% due 04/15/2030 (c) | 9501 | 9599 |
| 1.750% due 01/15/2034 (c) | 9204 | 9169 |
| 1.875% due 07/15/2034 (c) | 11090 | 11149 |
| 1.875% due 07/15/2035 (c) | 15192 | 15123 |
| 1.875% due 01/15/2036 (c) | 7907 | 7814 |
| 2.125% due 01/15/2035 | 6904 | 7023 |
| 2.375% due 10/15/2028 (c) | 14546 | 15064 |
| **U.S. Treasury Notes** |  |  |
| 4.250% due 08/15/2035 | 64 | 63 |
| Total U.S. Treasury Obligations (Cost $236,205) |  | 223257 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 0.7%** |  |  |
| **Banc of America Funding Trust**<br>4.343% due 01/20/2047 ~ | 256 | 223 |
| **Countrywide Alternative Loan Trust**<br>3.985% due 12/20/2046 •  | 425 | 384 |
| **Grifonas Finance No. 1 PLC**<br>2.419% due 08/28/2039 •  | 34 | 39 |
| **GSR Mortgage Loan Trust**<br>4.860% due 09/25/2035 ~ | $4 | 4 |
| **HarborView Mortgage Loan Trust**<br>4.690% due 06/20/2035 •  | 153 | 144 |
| **IndyMac INDX Mortgage Loan Trust**<br>4.633% due 05/25/2034 •  | 420 | 390 |
| **MortgageIT Trust**<br>4.798% due 12/25/2034 •  | 4 | 4 |
| **RALI Trust**<br>4.153% due 06/25/2046 •  | 198 | 40 |
| Total Non-Agency Mortgage-Backed Securities (Cost $1,151) |  | 1228 |
| **ASSET-BACKED SECURITIES 11.3%** |  |  |
| **CMBS OTHER 0.4%** |  |  |
| **ACRES LLC**<br>5.299% due 08/18/2040 •  | 600 | 602 |
| **HOME EQUITY OTHER 0.9%** |  |  |
| **Citigroup Mortgage Loan Trust, Inc.** |  |  |
| 3.953% due 01/25/2037 •  | 117 | 87 |
| 4.083% due 09/25/2036 •  | 140 | 137 |
| 4.483% due 10/25/2035 •  | 500 | 475 |
| **Home Equity Asset Trust**<br>4.648% due 08/25/2034 •  | 17 | 18 |
| **Morgan Stanley ABS Capital I, Inc. Trust**<br>4.453% due 01/25/2035 •  | 126 | 125 |
| **Nomura Home Equity Loan, Inc. Home Equity Loan Trust**<br>4.558% due 05/25/2035 •  | 647 | 647 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series R(Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Saxon Asset Securities Trust**<br>2.405% due 05/25/2035 •  | 16 | 16 |
|  |  | 1505 |
| **OTHER ABS 10.0%** |  |  |
| **AGL CLO 14 Ltd.**<br>4.800% due 12/02/2034 •  | 1600 | 1602 |
| **Arcano Euro CLO II DAC**<br>3.280% due 07/25/2039 •  | 1700 | 1965 |
| **Bain Capital Credit CLO Ltd.**<br>4.830% due 07/17/2035 •  | $1700 | 1700 |
| **Hayfin Emerald CLO VI DAC**<br>3.266% due 10/15/2038 •  | 1500 | 1733 |
| **Man GLG Euro CLO V DAC**<br>2.840% due 12/15/2031 •  | 21 | 25 |
| **Massachusetts Educational Financing Authority**<br>5.099% due 04/25/2038 •  | $8 | 8 |
| **OCP Euro CLO DAC**<br>3.266% due 07/20/2036 •  | 1700 | 1963 |
| **Palmer Square European Loan Funding DAC**<br>2.954% due 05/15/2033 •  | 484 | 560 |
| **Rockford Tower CLO Ltd.**<br>4.798% due 07/20/2034 •  | $1600 | 1602 |
| **Romark Credit Funding Ltd.**<br>5.423% due 07/29/2043 | 1700 | 1709 |
| **Shackleton CLO Ltd.**<br>4.868% due 07/20/2034 •  | 1700 | 1702 |
| **Symphony CLO XXXII Ltd.**<br>4.821% due 10/23/2035 | 1680 | 1680 |
| **Tikehau CLO V DAC**<br>3.216% due 10/15/2038 •  | 500 | 578 |
|  |  | 16827 |
| Total Asset-Backed Securities (Cost $18,900) |  | 18934 |
| **SOVEREIGN ISSUES 11.4%** |  |  |
| **Canada Government Real Return Bonds**<br>4.250% due 12/01/2026 (c) | 1127 | 837 |
| **French Republic Government Bonds OAT**<br>0.100% due 07/25/2031 (c) | 1099 | 1232 |
| **Italy Buoni Poliennali Del Tesoro** |  |  |
| 0.400% due 05/15/2030 (c) | 248 | 283 |
| 1.800% due 05/15/2036 (c) | 103 | 120 |
| **Japan Government CPI-Linked Bonds** |  |  |
| 0.100% due 03/10/2028 (c) | 451576 | 2855 |
| 0.100% due 03/10/2029 (c) | 802023 | 5038 |
| **Japan Government Thirty Year Bonds**<br>3.400% due 12/20/2055 | 290000 | 1746 |
| **U.K. Gilts**<br>4.000% due 10/22/2031 | 5400 | 6971 |
| Total Sovereign Issues (Cost $21,368) |  | 19082 |
|  | SHARES |  |
| **SHORT-TERM INSTRUMENTS 0.5%** |  |  |
| **MUTUAL FUNDS 0.5%** |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class**<br> 3.720%(b) | 761590 | 762 |
| Total Short-Term Instruments (Cost $762) |  | 762 |
| Total Investments in Securities (Cost $359,025) |  | 343766 |
| Total Investments 205.5% (Cost $359,025) |  | $343766 |
| **Financial Derivative Instruments** **(d)(f)** **0.3**%(Cost or Premiums, net $113) |  | 570 |
| Other Assets and Liabilities, net (105.8)% |  | (177047) |
| Net Assets 100.0% |  | $167289 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series R(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:**  | **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.** | **\* 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.** | **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.** |
| **•** | **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.** | **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.** |
| **~** | **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.** | **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.** |
| **(a)** | **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.** | **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.** |
| **(b)** | **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.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** | **Coupon represents a 7-Day Yield.** |
| **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** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **SALE-BUYBACK TRANSACTIONS:** | **SALE-BUYBACK TRANSACTIONS:** | **SALE-BUYBACK TRANSACTIONS:** | **SALE-BUYBACK TRANSACTIONS:** | **SALE-BUYBACK TRANSACTIONS:** | **SALE-BUYBACK TRANSACTIONS:** | **SALE-BUYBACK TRANSACTIONS:** | **SALE-BUYBACK TRANSACTIONS:** | **SALE-BUYBACK TRANSACTIONS:** | **SALE-BUYBACK TRANSACTIONS:** | **SALE-BUYBACK TRANSACTIONS:** | **SALE-BUYBACK TRANSACTIONS:** | **SALE-BUYBACK TRANSACTIONS:** |
| Counterparty | Counterparty | Counterparty | Borrowing Rate<sup>(1)</sup> | Borrowing Rate<sup>(1)</sup> | Borrowing Date | Borrowing Date | Maturity Date | Maturity Date | Amount<br>Borrowed<sup>(1)</sup> | Amount<br>Borrowed<sup>(1)</sup> |  | Payable for<br>Sale-Buyback<br>Transactions<sup>(2)</sup> |
| BCY | BCY | BCY | 3.650% | 3.650% | 03/26/2026 | 03/26/2026 | 04/01/2026 | 04/01/2026 | (5849) | (5849) | $ | (5852) |
|  |  |  | 3.750 | 3.750 | 04/01/2026 | 04/01/2026 | 04/07/2026 | 04/07/2026 | (5770) | (5770) |  | (5770) |
|  |  |  | 3.780 | 3.780 | 03/16/2026 | 03/16/2026 | 04/06/2026 | 04/06/2026 | (1457) | (1457) |  | (1460) |
| BPS | BPS | BPS | 3.770 | 3.770 | 03/09/2026 | 03/09/2026 | 04/20/2026 | 04/20/2026 | (18070) | (18070) |  | (18114) |
|  |  |  | 3.770 | 3.770 | 03/18/2026 | 03/18/2026 | 04/22/2026 | 04/22/2026 | (5238) | (5238) |  | (5245) |
|  |  |  | 3.770 | 3.770 | 03/23/2026 | 03/23/2026 | 04/20/2026 | 04/20/2026 | (114607) | (114607) |  | (114715) |
| **Total Sale-Buyback Transactions** | **Total Sale-Buyback Transactions** | **Total Sale-Buyback Transactions** |  |  |  |  |  |  |  |  | **$** | **(151156)** |
| **(c)** | **Securities with an aggregate market value of $150,538 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $150,538 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $150,538 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $150,538 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $150,538 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $150,538 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $150,538 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $150,538 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $150,538 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $150,538 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $150,538 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $150,538 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 $(153165) at a weighted average interest rate of 3.802%. 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 $(153165) at a weighted average interest rate of 3.802%. 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 $(153165) at a weighted average interest rate of 3.802%. 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 $(153165) at a weighted average interest rate of 3.802%. 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 $(153165) at a weighted average interest rate of 3.802%. 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 $(153165) at a weighted average interest rate of 3.802%. 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 $(153165) at a weighted average interest rate of 3.802%. 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 $(153165) at a weighted average interest rate of 3.802%. 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 $(153165) at a weighted average interest rate of 3.802%. 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 $(153165) at a weighted average interest rate of 3.802%. 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 $(153165) at a weighted average interest rate of 3.802%. 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 $(153165) at a weighted average interest rate of 3.802%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. |
| <sup>(2)</sup> | Payable for sale-buyback transactions includes $(280) of deferred price drop. | Payable for sale-buyback transactions includes $(280) of deferred price drop. | Payable for sale-buyback transactions includes $(280) of deferred price drop. | Payable for sale-buyback transactions includes $(280) of deferred price drop. | Payable for sale-buyback transactions includes $(280) of deferred price drop. | Payable for sale-buyback transactions includes $(280) of deferred price drop. | Payable for sale-buyback transactions includes $(280) of deferred price drop. | Payable for sale-buyback transactions includes $(280) of deferred price drop. | Payable for sale-buyback transactions includes $(280) of deferred price drop. | Payable for sale-buyback transactions includes $(280) of deferred price drop. | Payable for sale-buyback transactions includes $(280) of deferred price drop. | Payable for sale-buyback transactions includes $(280) of deferred price drop. |
| **(d)** | **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** | **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** |
| **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** |
|  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| Australia Government 10-Year Bond June Futures | Australia Government 10-Year Bond June Futures | 06/2026 | 06/2026 | 60 | 60 | $4461 | 4461 | $(28) | (28) | $42 | 42 | $0 |
| Brent Crude December Futures | Brent Crude December Futures | 10/2026 | 10/2026 | 1 | 1 | 80 | 80 | (4) | (4) | 0 | 0 | (4) |
| Cocoa July Futures | Cocoa July Futures | 07/2026 | 07/2026 | 2 | 2 | 67 | 67 | 0 | 0 | 3 | 3 | 0 |
| Copper July Futures | Copper July Futures | 07/2026 | 07/2026 | 1 | 1 | 142 | 142 | 5 | 5 | 3 | 3 | 0 |
| Euro-BTP Future June Futures | Euro-BTP Future June Futures | 06/2026 | 06/2026 | 105 | 105 | 14112 | 14112 | (421) | (421) | 170 | 170 | 0 |
| Euro-Bund June Futures | Euro-Bund June Futures | 06/2026 | 06/2026 | 67 | 67 | 9710 | 9710 | (140) | (140) | 70 | 70 | 0 |
| Euro-Schatz June Futures | Euro-Schatz June Futures | 06/2026 | 06/2026 | 85 | 85 | 10390 | 10390 | 8 | 8 | 14 | 14 | 0 |
| Hard Red Winter Wheat September Futures | Hard Red Winter Wheat September Futures | 09/2026 | 09/2026 | 2 | 2 | 66 | 66 | 4 | 4 | 1 | 1 | 0 |
| Iron Ore May Futures | Iron Ore May Futures | 05/2026 | 05/2026 | 3 | 3 | 32 | 32 | (1) | (1) | 0 | 0 | 0 |
| Live Cattle June Futures | Live Cattle June Futures | 06/2026 | 06/2026 | 3 | 3 | 292 | 292 | 9 | 9 | 4 | 4 | 0 |
| LME Aluminum July Futures | LME Aluminum July Futures | 07/2026 | 07/2026 | 2 | 2 | 173 | 173 | 10 | 10 | 10 | 10 | 0 |
| LME Zinc July Futures | LME Zinc July Futures | 07/2026 | 07/2026 | 3 | 3 | 243 | 243 | 3 | 3 | 5 | 5 | (2) |
| RBOB Gasoline September Futures | RBOB Gasoline September Futures | 08/2026 | 08/2026 | 1 | 1 | 111 | 111 | 26 | 26 | 0 | 0 | (4) |
| Soybean July Futures | Soybean July Futures | 07/2026 | 07/2026 | 5 | 5 | 297 | 297 | 2 | 2 | 2 | 2 | 0 |
| Soybean Meal December Futures | Soybean Meal December Futures | 12/2026 | 12/2026 | 3 | 3 | 93 | 93 | (1) | (1) | 1 | 1 | 0 |
| Soybean Meal July Futures | Soybean Meal July Futures | 07/2026 | 07/2026 | 15 | 15 | 471 | 471 | (2) | (2) | 2 | 2 | 0 |
| Soybean Meal May Futures | Soybean Meal May Futures | 05/2026 | 05/2026 | 1 | 1 | 32 | 32 | 2 | 2 | 0 | 0 | 0 |
| Soybean November Futures | Soybean November Futures | 11/2026 | 11/2026 | 6 | 6 | 347 | 347 | 9 | 9 | 4 | 4 | 0 |
| U.S. Treasury 5-Year Note June Futures | U.S. Treasury 5-Year Note June Futures | 06/2026 | 06/2026 | 124 | 124 | 13414 | 13414 | (133) | (133) | 17 | 17 | 0 |
| U.S. Treasury 10-Year Note June Futures | U.S. Treasury 10-Year Note June Futures | 06/2026 | 06/2026 | 64 | 64 | 7107 | 7107 | (146) | (146) | 15 | 15 | 0 |
| 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 | 71 | 71 | 8054 | 8054 | 2 | 2 | 8 | 8 | 0 |
| U.S. Treasury Ultra Long-Term Bond June Futures | U.S. Treasury Ultra Long-Term Bond June Futures | 06/2026 | 06/2026 | 111 | 111 | 12938 | 12938 | (317) | (317) | 24 | 24 | 0 |
| Wheat September Futures | Wheat September Futures | 09/2026 | 09/2026 | 3 | 3 | 37 | 37 | 1 | 1 | 1 | 1 | 0 |
| WTI Crude September Futures | WTI Crude September Futures | 08/2026 | 08/2026 | 1 | 1 | 78 | 78 | 9 | 9 | 0 | 0 | (5) |
|  |  |  |  |  |  |  |  | (1103) | $ | 396 | $ | (15) |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series R(Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **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> | <u>Variation Margin</u> |
| 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) | Asset | Asset | Asset | Liability |
| Arabica Coffee July Futures | Arabica Coffee July Futures | Arabica Coffee July Futures | Arabica Coffee July Futures | Arabica Coffee July Futures | 07/2026 | 07/2026 | 1 | (109) | $0 | 0 | 0 | 0 | 0 | (1) |
| Cocoa September Futures | Cocoa September Futures | Cocoa September Futures | Cocoa September Futures | Cocoa September Futures | 09/2026 | 09/2026 | 3 | (103) | (3) | (3) | 0 | 0 | 0 | (4) |
| Corn July Futures | Corn July Futures | Corn July Futures | Corn July Futures | Corn July Futures | 07/2026 | 07/2026 | 23 | (538) | (4) | (4) | 0 | 0 | 0 | (2) |
| Corn September Futures | Corn September Futures | Corn September Futures | Corn September Futures | Corn September Futures | 09/2026 | 09/2026 | 9 | (212) | (9) | (9) | 0 | 0 | 0 | 0 |
| Cotton No. 2 December Futures | Cotton No. 2 December Futures | Cotton No. 2 December Futures | Cotton No. 2 December Futures | Cotton No. 2 December Futures | 12/2026 | 12/2026 | 3 | (112) | (8) | (8) | 0 | 0 | 0 | 0 |
| Cotton No. 2 July Futures | Cotton No. 2 July Futures | Cotton No. 2 July Futures | Cotton No. 2 July Futures | Cotton No. 2 July Futures | 07/2026 | 07/2026 | 3 | (108) | (5) | (5) | 0 | 0 | 0 | 0 |
| Euro-Bobl June Futures | Euro-Bobl June Futures | Euro-Bobl June Futures | Euro-Bobl June Futures | Euro-Bobl June Futures | 06/2026 | 06/2026 | 63 | (8405) | 96 | 96 | 0 | 0 | 0 | (34) |
| Euro-Buxl 30-Year Bond June Futures | Euro-Buxl 30-Year Bond June Futures | Euro-Buxl 30-Year Bond June Futures | Euro-Buxl 30-Year Bond June Futures | Euro-Buxl 30-Year Bond June Futures | 06/2026 | 06/2026 | 9 | (1147) | (8) | (8) | 0 | 0 | 0 | (21) |
| Euro-Oat June Futures | Euro-Oat June Futures | Euro-Oat June Futures | Euro-Oat June Futures | Euro-Oat June Futures | 06/2026 | 06/2026 | 111 | (15228) | 481 | 481 | 0 | 0 | 0 | (141) |
| Hard Red Winter Wheat July Futures | Hard Red Winter Wheat July Futures | Hard Red Winter Wheat July Futures | Hard Red Winter Wheat July Futures | Hard Red Winter Wheat July Futures | 07/2026 | 07/2026 | 3 | (97) | (6) | (6) | 0 | 0 | 0 | (1) |
| Iron Ore July Futures | Iron Ore July Futures | Iron Ore July Futures | Iron Ore July Futures | Iron Ore July Futures | 07/2026 | 07/2026 | 2 | (21) | 0 | 0 | 0 | 0 | 0 | 0 |
| Japan Government 10-Year Bond June Futures | Japan Government 10-Year Bond June Futures | Japan Government 10-Year Bond June Futures | Japan Government 10-Year Bond June Futures | Japan Government 10-Year Bond June Futures | 06/2026 | 06/2026 | 6 | (4926) | 39 | 39 | 1 | 1 | 1 | (11) |
| Lean Hogs June Futures | Lean Hogs June Futures | Lean Hogs June Futures | Lean Hogs June Futures | Lean Hogs June Futures | 06/2026 | 06/2026 | 5 | (210) | 6 | 6 | 2 | 2 | 2 | 0 |
| LME Lead Futures July Futures | LME Lead Futures July Futures | LME Lead Futures July Futures | LME Lead Futures July Futures | LME Lead Futures July Futures | 07/2026 | 07/2026 | 7 | (334) | 4 | 4 | 5 | 5 | 5 | 0 |
| LME Nickel July Futures | LME Nickel July Futures | LME Nickel July Futures | LME Nickel July Futures | LME Nickel July Futures | 07/2026 | 07/2026 | 1 | (103) | 4 | 4 | 4 | 4 | 4 | 0 |
| Natural Gas July Futures | Natural Gas July Futures | Natural Gas July Futures | Natural Gas July Futures | Natural Gas July Futures | 06/2026 | 06/2026 | 7 | (226) | 11 | 11 | 4 | 4 | 4 | 0 |
| Natural Gas September Futures | Natural Gas September Futures | Natural Gas September Futures | Natural Gas September Futures | Natural Gas September Futures | 08/2026 | 08/2026 | 2 | (66) | 2 | 2 | 1 | 1 | 1 | 0 |
| Soybean Oil July Futures | Soybean Oil July Futures | Soybean Oil July Futures | Soybean Oil July Futures | Soybean Oil July Futures | 07/2026 | 07/2026 | 1 | (41) | (1) | (1) | 0 | 0 | 0 | 0 |
| Sugar No. 11 October Futures | Sugar No. 11 October Futures | Sugar No. 11 October Futures | Sugar No. 11 October Futures | Sugar No. 11 October Futures | 09/2026 | 09/2026 | 14 | (252) | (31) | (31) | 2 | 2 | 2 | 0 |
| U.S. Treasury 2-Year Note June Futures | U.S. Treasury 2-Year Note June Futures | U.S. Treasury 2-Year Note June Futures | U.S. Treasury 2-Year Note June Futures | U.S. Treasury 2-Year Note June Futures | 06/2026 | 06/2026 | 244 | (50617) | 293 | 293 | 1 | 1 | 1 | (15) |
| U.S. Treasury Long-Term Bond June Futures | U.S. Treasury Long-Term Bond June Futures | U.S. Treasury Long-Term Bond June Futures | U.S. Treasury Long-Term Bond June Futures | U.S. Treasury Long-Term Bond June Futures | 06/2026 | 06/2026 | 185 | (21067) | 601 | 601 | 0 | 0 | 0 | (70) |
| Wheat July Futures | Wheat July Futures | Wheat July Futures | Wheat July Futures | Wheat July Futures | 07/2026 | 07/2026 | 6 | (188) | (10) | (10) | 0 | 0 | 0 | (2) |
| Wheat September Futures | Wheat September Futures | Wheat September Futures | Wheat September Futures | Wheat September Futures | 09/2026 | 09/2026 | 4 | (128) | (14) | (14) | 0 | 0 | 0 | (1) |
| White Sugar August Futures | White Sugar August Futures | White Sugar August Futures | White Sugar August Futures | White Sugar August Futures | 07/2026 | 07/2026 | 1 | (23) | (1) | (1) | 0 | 0 | 0 | 0 |
|  |  |  |  |  |  |  |  |  | 1437 | $ | 20 | 20 | $ | (303) |
| **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** | **334** | **$** | **416** | **416** | **$** | **(318)** |
| **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:** |
| **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><sup>(2)</sup> | <u>Variation Margin</u><sup>(2)</sup> | <u>Variation Margin</u><sup>(2)</sup> | <u>Variation Margin</u><sup>(2)</sup> |
| Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Fixed Rate | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Market<br>Value | Asset | Asset | Liability |
| Pay | 1-Day GBP-SONIO Compounded-OIS | 3.500% | Annual | 03/18/2028 | 03/18/2028 | GBP | 7200 | $(152) | 13 | (139) | (139) | $15 | 15 | $0 |
| Pay | 1-Day GBP-SONIO Compounded-OIS | 3.500 | Annual | 03/18/2031 | 03/18/2031 |  | 11360 | (50) | (434) | (484) | (484) | 36 | 36 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 0.300 | Semi-Annual | 09/20/2027 | 09/20/2027 | JPY | 172740 | 16 | 0 | 16 | 16 | 0 | 0 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 0.550 | Annual | 09/14/2028 | 09/14/2028 |  | 160000 | 20 | 2 | 22 | 22 | 0 | 0 | (1) |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 0.500 | Annual | 12/15/2031 | 12/15/2031 |  | 607000 | 248 | 26 | 274 | 274 | 0 | 0 | (8) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 2.340 | Semi-Annual | 11/21/2028 | 11/21/2028 | $ | $14780 | (186) | (316) | (502) | (502) | 7 | 7 | 0 |
| Receive<sup>(1)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.325 | Annual | 08/31/2030 | 08/31/2030 |  | 16133 | 53 | 107 | 160 | 160 | 0 | 0 | (16) |
| Receive<sup>(1)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.337 | Annual | 08/31/2030 | 08/31/2030 |  | 500 | 0 | 5 | 5 | 5 | 0 | 0 | 0 |
| Receive<sup>(1)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.407 | Annual | 08/31/2030 | 08/31/2030 |  | 100 | 0 | 1 | 1 | 1 | 0 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 05/15/2032 | 05/15/2032 |  | 17303 | (17) | (33) | (50) | (50) | 0 | 0 | (20) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/18/2034 | 06/18/2034 |  | 550 | 24 | 0 | 24 | 24 | 0 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.758 | Annual | 08/15/2035 | 08/15/2035 |  | 2800 | 0 | 17 | 17 | 17 | 0 | 0 | (2) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.768 | Annual | 08/15/2035 | 08/15/2035 |  | 3400 | 0 | 18 | 18 | 18 | 0 | 0 | (3) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.777 | Annual | 08/15/2035 | 08/15/2035 |  | 3700 | 0 | 17 | 17 | 17 | 0 | 0 | (3) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.801 | Annual | 08/15/2035 | 08/15/2035 |  | 4200 | 0 | 11 | 11 | 11 | 0 | 0 | (4) |
| Receive<sup>(1)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.998 | Annual | 11/15/2053 | 11/15/2053 |  | 100 | 0 | 3 | 3 | 3 | 0 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.010 | Annual | 11/15/2053 | 11/15/2053 |  | 1000 | 14 | 10 | 24 | 24 | 4 | 4 | 0 |
| Receive<sup>(1)</sup> | 1-Day USD-SOFR Compounded-OIS | 4.015 | Annual | 11/15/2053 | 11/15/2053 |  | 100 | 0 | 2 | 2 | 2 | 0 | 0 | 0 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series R(Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 4.075 | Annual | Annual | 11/15/2053 | 914 |  | 7 |  | 5 |  | 12 |  | 3 | 3 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 2.237 | Semi-Annual | Semi-Annual | 11/21/2053 | 3050 |  | 189 |  | 902 |  | 1091 |  | 10 | 10 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 2.865 | Annual | Annual | 02/13/2054 | 7000 |  | 134 |  | 1368 |  | 1502 |  | 24 | 24 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | Annual | 06/20/2054 | 2000 |  | 53 |  | 176 |  | 229 |  | 7 | 7 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.879 | Annual | Annual | 08/15/2032 | 5600 |  | 0 |  | 85 |  | 85 |  | 32 | 32 |  | 0 |
| Pay<sup>(1)</sup> | Pay<sup>(1)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.750 | Annual | Annual | 09/16/2036 | 17230 |  | (275) |  | (352) |  | (627) |  | 152 | 152 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 0.190 | Annual | Annual | 11/04/2052 | 1000 |  | 62 |  | 565 |  | 627 |  | 0 | 0 |  | (6) |
| Receive | Receive | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 0.195 | Annual | Annual | 11/04/2052 | 1100 |  | 1 |  | 687 |  | 688 |  | 0 | 0 |  | (6) |
| Receive | Receive | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 0.197 | Annual | Annual | 11/08/2052 | 1900 |  | 118 |  | 1070 |  | 1188 |  | 0 | 0 |  | (11) |
| Receive | Receive | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 3.050 | Annual | Annual | 01/13/2056 | 1810 |  | 82 |  | (63) |  | 19 |  | 0 | 0 |  | (20) |
| Receive<sup>(1)</sup> | Receive<sup>(1)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 3.000 | Annual | Annual | 09/16/2056 | 6250 |  | 103 |  | 54 |  | 157 |  | 0 | 0 |  | (70) |
| Receive | Receive | CPTFEMU | CPTFEMU | 2.000 | Maturity | Maturity | 02/15/2027 | 1200 |  | 4 |  | 15 |  | 19 |  | 2 | 2 |  | 0 |
| Receive | Receive | CPTFEMU | CPTFEMU | 2.965 | Maturity | Maturity | 05/15/2027 | 200 |  | 0 |  | 8 |  | 8 |  | 0 | 0 |  | 0 |
| Receive | Receive | CPTFEMU | CPTFEMU | 3.000 | Maturity | Maturity | 05/15/2027 | 1000 |  | 1 |  | 39 |  | 40 |  | 1 | 1 |  | 0 |
| Receive | Receive | CPTFEMU | CPTFEMU | 3.130 | Maturity | Maturity | 05/15/2027 | 300 |  | 0 |  | 10 |  | 10 |  | 0 | 0 |  | 0 |
| Receive | Receive | CPTFEMU | CPTFEMU | 1.636 | Maturity | Maturity | 06/15/2027 | 2800 |  | 0 |  | 63 |  | 63 |  | 4 | 4 |  | 0 |
| Pay | Pay | CPTFEMU | CPTFEMU | 1.380 | Maturity | Maturity | 03/15/2031 | 2570 |  | (19) |  | (593) |  | (612) |  | 0 | 0 |  | (6) |
| Receive | Receive | CPTFEMU | CPTFEMU | 2.600 | Maturity | Maturity | 05/15/2032 | 450 |  | 0 |  | 13 |  | 13 |  | 0 | 0 |  | 0 |
| Receive | Receive | CPTFEMU | CPTFEMU | 2.720 | Maturity | Maturity | 06/15/2032 | 2100 |  | (6) |  | (7) |  | (13) |  | 1 | 1 |  | 0 |
| Receive | Receive | CPTFEMU | CPTFEMU | 2.049 | Maturity | Maturity | 08/15/2034 | 1300 |  | (2) |  | 21 |  | 19 |  | 1 | 1 |  | 0 |
| Receive | Receive | CPTFEMU | CPTFEMU | 2.034 | Maturity | Maturity | 09/15/2034 | 1100 |  | (2) |  | 20 |  | 18 |  | 1 | 1 |  | 0 |
| Pay | Pay | CPTFEMU | CPTFEMU | 2.488 | Maturity | Maturity | 05/15/2037 | 10 |  | 0 |  | 0 |  | 0 |  | 0 | 0 |  | 0 |
| Pay | Pay | CPTFEMU | CPTFEMU | 2.580 | Maturity | Maturity | 03/15/2052 | 300 |  | 0 |  | 2 |  | 2 |  | 2 | 2 |  | 0 |
| Pay | Pay | CPTFEMU | CPTFEMU | 2.590 | Maturity | Maturity | 03/15/2052 | 400 |  | (10) |  | 14 |  | 4 |  | 2 | 2 |  | 0 |
| Pay | Pay | CPTFEMU | CPTFEMU | 2.421 | Maturity | Maturity | 05/15/2052 | 170 |  | 0 |  | (5) |  | (5) |  | 1 | 1 |  | 0 |
| Pay | Pay | CPTFEMU | CPTFEMU | 2.590 | Maturity | Maturity | 12/15/2052 | 300 |  | 0 |  | 22 |  | 22 |  | 2 | 2 |  | 0 |
| Pay | Pay | CPTFEMU | CPTFEMU | 2.700 | Maturity | Maturity | 04/15/2053 | 700 |  | 5 |  | 77 |  | 82 |  | 4 | 4 |  | 0 |
| Pay | Pay | CPTFEMU | CPTFEMU | 2.682 | Maturity | Maturity | 10/15/2053 | 200 |  | 0 |  | 23 |  | 23 |  | 1 | 1 |  | 0 |
| Pay | Pay | CPTFEMU | CPTFEMU | 2.736 | Maturity | Maturity | 10/15/2053 | 400 |  | 4 |  | 48 |  | 52 |  | 2 | 2 |  | 0 |
| Receive | Receive | CPURNSA | CPURNSA | 2.813 | Maturity | Maturity | 05/14/2026 | 800 |  | 0 |  | 76 |  | 76 |  | 1 | 1 |  | 0 |
| Receive | Receive | CPURNSA | CPURNSA | 2.703 | Maturity | Maturity | 05/25/2026 | 830 |  | 0 |  | 85 |  | 85 |  | 2 | 2 |  | 0 |
| Receive | Receive | CPURNSA | CPURNSA | 2.690 | Maturity | Maturity | 06/01/2026 | 600 |  | 0 |  | 63 |  | 63 |  | 2 | 2 |  | 0 |
| Pay | Pay | CPURNSA | CPURNSA | 3.464 | Maturity | Maturity | 03/31/2027 | 13800 |  | 15 |  | (131) |  | (116) |  | 8 | 8 |  | 0 |
| Pay | Pay | CPURNSA | CPURNSA | 2.370 | Maturity | Maturity | 06/06/2028 | 2200 |  | 0 |  | (255) |  | (255) |  | 1 | 1 |  | 0 |
| Pay | Pay | CPURNSA | CPURNSA | 2.165 | Maturity | Maturity | 04/16/2029 | 2000 |  | 0 |  | (285) |  | (285) |  | 1 | 1 |  | 0 |
| Pay | Pay | CPURNSA | CPURNSA | 1.954 | Maturity | Maturity | 06/03/2029 | 1000 |  | 0 |  | (163) |  | (163) |  | 1 | 1 |  | 0 |
| Pay | Pay | CPURNSA | CPURNSA | 1.998 | Maturity | Maturity | 07/25/2029 | 1300 |  | 0 |  | (203) |  | (203) |  | 1 | 1 |  | 0 |
| Pay | Pay | CPURNSA | CPURNSA | 1.883 | Maturity | Maturity | 11/20/2029 | 500 |  | 1 |  | (86) |  | (85) |  | 0 | 0 |  | 0 |
| Receive | Receive | CPURNSA | CPURNSA | 2.312 | Maturity | Maturity | 02/24/2031 | 1500 |  | 1 |  | 191 |  | 192 |  | 0 | 0 |  | (1) |
| Pay | Pay | FRCPXTOB | FRCPXTOB | 1.410 | Maturity | Maturity | 11/15/2039 | 300 |  | 0 |  | (49) |  | (49) |  | 0 | 0 |  | (1) |
| Receive | Receive | UKRPI | UKRPI | 3.365 | Maturity | Maturity | 09/15/2027 | 2100 |  | 1 |  | 41 |  | 42 |  | 1 | 1 |  | 0 |
| Pay | Pay | UKRPI | UKRPI | 3.500 | Maturity | Maturity | 08/15/2034 | 1500 |  | 8 |  | (24) |  | (16) |  | 0 | 0 |  | (9) |
| Pay | Pay | UKRPI | UKRPI | 3.466 | Maturity | Maturity | 09/15/2034 | 600 |  | 0 |  | (10) |  | (10) |  | 0 | 0 |  | (5) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | $**445** | **445** | $**2966** | **2966** | $**3411** | **3411** | $**332** | **332** | **332** | $**(193)** | **(193)** |
| **(e)** | **Securities with an aggregate market value of $538 and cash of $3,302 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $538 and cash of $3,302 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $538 and cash of $3,302 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $538 and cash of $3,302 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $538 and cash of $3,302 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $538 and cash of $3,302 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $538 and cash of $3,302 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $538 and cash of $3,302 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $538 and cash of $3,302 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $538 and cash of $3,302 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $538 and cash of $3,302 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $538 and cash of $3,302 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $538 and cash of $3,302 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $538 and cash of $3,302 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $538 and cash of $3,302 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $538 and cash of $3,302 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $538 and cash of $3,302 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $538 and cash of $3,302 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $538 and cash of $3,302 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** |
| <sup>(1)</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. |
| <sup>(2)</sup> | Unsettled variation margin asset of $26 and liability of $(14) for closed futures is outstanding at period end. | Unsettled variation margin asset of $26 and liability of $(14) for closed futures is outstanding at period end. | Unsettled variation margin asset of $26 and liability of $(14) for closed futures is outstanding at period end. | Unsettled variation margin asset of $26 and liability of $(14) for closed futures is outstanding at period end. | Unsettled variation margin asset of $26 and liability of $(14) for closed futures is outstanding at period end. | Unsettled variation margin asset of $26 and liability of $(14) for closed futures is outstanding at period end. | Unsettled variation margin asset of $26 and liability of $(14) for closed futures is outstanding at period end. | Unsettled variation margin asset of $26 and liability of $(14) for closed futures is outstanding at period end. | Unsettled variation margin asset of $26 and liability of $(14) for closed futures is outstanding at period end. | Unsettled variation margin asset of $26 and liability of $(14) for closed futures is outstanding at period end. | Unsettled variation margin asset of $26 and liability of $(14) for closed futures is outstanding at period end. | Unsettled variation margin asset of $26 and liability of $(14) for closed futures is outstanding at period end. | Unsettled variation margin asset of $26 and liability of $(14) for closed futures is outstanding at period end. | Unsettled variation margin asset of $26 and liability of $(14) for closed futures is outstanding at period end. | Unsettled variation margin asset of $26 and liability of $(14) for closed futures is outstanding at period end. | Unsettled variation margin asset of $26 and liability of $(14) for closed futures is outstanding at period end. | Unsettled variation margin asset of $26 and liability of $(14) for closed futures is outstanding at period end. | Unsettled variation margin asset of $26 and liability of $(14) for closed futures is outstanding at period end. | Unsettled variation margin asset of $26 and liability of $(14) for closed futures is outstanding at period end. |
| **(f)** | **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:** |
|  |  |  |  |  |  |  |  |  |  |  |  | <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 Received | Currency to<br>be Received | Currency to<br>be Received | Asset | Asset | Asset | Asset | Liability | Liability | Liability |
| &nbsp;&nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp;&nbsp; AZD | 04/2026 | 04/2026 | 04/2026 | CAD | 4927 | 4927 | $ | $3597 | 3597 | 3597 | 55 | 55 | 55 | 55 | $0 | 0 | 0 |
|  |  |  | 04/2026 | 04/2026 | 04/2026 | $ | $5525 | 5525 | GBP | 4174 | 4174 | 4174 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 04/2026 | 04/2026 | 04/2026 |  | 2458 | 2458 | NZD | 4299 | 4299 | 4299 | 13 | 13 | 13 | 13 | 0 | 0 | 0 |
|  |  |  | 05/2026 | 05/2026 | 05/2026 | GBP | 4174 | 4174 | $ | $5525 | 5525 | 5525 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 05/2026 | 05/2026 | 05/2026 | NZD | 4299 | 4299 |  | 2460 | 2460 | 2460 | 0 | 0 | 0 | 0 | (13) | (13) | (13) |
| &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | 04/2026 | 04/2026 | 04/2026 | BRL | 3 | 3 |  | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 04/2026 | 04/2026 | 04/2026 | CNH | 786 | 786 |  | 114 | 114 | 114 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 04/2026 | 04/2026 | 04/2026 | GBP | 109 | 109 |  | 147 | 147 | 147 | 2 | 2 | 2 | 2 | 0 | 0 | 0 |
|  |  |  | 04/2026 | 04/2026 | 04/2026 | INR | 28709 | 28709 |  | 306 | 306 | 306 | 3 | 3 | 3 | 3 | 0 | 0 | 0 |
|  |  |  | 04/2026 | 04/2026 | 04/2026 | JPY | 833 | 833 |  | 5 | 5 | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 04/2026 | 04/2026 | 04/2026 | KRW | 87495 | 87495 |  | 60 | 60 | 60 | 3 | 3 | 3 | 3 | 0 | 0 | 0 |
|  |  |  | 04/2026 | 04/2026 | 04/2026 | PLN | 610 | 610 |  | 165 | 165 | 165 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 04/2026 | 04/2026 | 04/2026 | SGD | 45 | 45 |  | 35 | 35 | 35 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 04/2026 | 04/2026 | 04/2026 | $ | $1 | 1 | BRL | 3 | 3 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 04/2026 | 04/2026 | 04/2026 |  | 40 | 40 | CNH | 276 | 276 | 276 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 04/2026 | 04/2026 | 04/2026 |  | 14130 | 14130 | EUR | 12215 | 12215 | 12215 | 62 | 62 | 62 | 62 | (73) | (73) | (73) |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series R(Cont.) March 31, 2026 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 04/2026 | 150 | 463 | 0 | (3) |
|  | 04/2026 | 306 | 28761 | 0 | (3) |
|  | 04/2026 | 5575 | 889479 | 30 | 0 |
|  | 04/2026 | 45 | 833 | 1 | 0 |
|  | 05/2026 | 9427 | $10852 | 0 | (62) |
|  | 05/2026 | 886800 | 5575 | 0 | (30) |
|  | 06/2026 | 3 | 1 | 0 | 0 |
|  | 06/2026 | 1449 | 469 | 8 | 0 |
|  | 06/2026 | 3931 | 219 | 1 | 0 |
|  | 06/2026 | $54 | 167 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | 04/2026 | 79 | $56 | 2 | 0 |
|  | 04/2026 | 2305 | 440 | 0 | (5) |
|  | 04/2026 | 276 | 40 | 0 | 0 |
|  | 04/2026 | 690 | 816 | 18 | 0 |
|  | 04/2026 | 1034 | 335 | 6 | 0 |
|  | 04/2026 | 206027 | 137 | 3 | 0 |
|  | 04/2026 | 1273 | 753 | 21 | 0 |
|  | 04/2026 | 222 | 60 | 0 | 0 |
|  | 04/2026 | 30778 | 956 | 22 | 0 |
|  | 04/2026 | $212 | 304 | 0 | (2) |
|  | 04/2026 | 442 | 2305 | 3 | 0 |
|  | 04/2026 | 1358 | 22987086 | 0 | (7) |
|  | 04/2026 | 237 | 745 | 1 | (1) |
|  | 04/2026 | 122 | 11266 | 0 | (3) |
|  | 04/2026 | 156 | 232960 | 0 | (4) |
|  | 04/2026 | 372 | 1340 | 0 | (11) |
|  | 04/2026 | 10 | 13 | 0 | 0 |
|  | 04/2026 | 0 | 8 | 0 | 0 |
|  | 04/2026 | 751 | 23992 | 1 | 0 |
|  | 04/2026 | 3604 | $213 | 0 | 0 |
|  | 05/2026 | 524 | 166 | 0 | (1) |
|  | 05/2026 | 59846 | 632 | 4 | 0 |
|  | 05/2026 | 13 | 10 | 0 | 0 |
|  | 05/2026 | 13727 | 426 | 0 | (4) |
|  | 05/2026 | $250 | 1312 | 2 | 0 |
|  | 05/2026 | 315 | 5360593 | 0 | 0 |
|  | 05/2026 | 66 | 2167 | 0 | 0 |
|  | 06/2026 | 128 | 2151826 | 0 | (1) |
|  | 06/2026 | 922 | 16044 | 0 | (32) |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | 04/2026 | 508 | $660 | 25 | 0 |
|  | 04/2026 | 4364 | 5903 | 126 | 0 |
|  | 04/2026 | $28 | 101 | 0 | (1) |
|  | 04/2026 | 273 | 2475 | 0 | (11) |
|  | 04/2026 | 422 | 6900 | 0 | (15) |
|  | 05/2026 | 405 | $508 | 0 | 0 |
|  | 06/2026 | 617 | 201 | 4 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | 04/2026 | 62 | 44 | 1 | 0 |
|  | 04/2026 | 276 | 40 | 0 | 0 |
|  | 04/2026 | 2357 | 2730 | 6 | 0 |
|  | 04/2026 | 226 | 303 | 4 | 0 |
|  | 04/2026 | 219112 | 2344 | 35 | 0 |
|  | 04/2026 | 920 | 95 | 0 | 0 |
|  | 04/2026 | 935 | 100 | 2 | 0 |
|  | 04/2026 | 25 | 1 | 0 | 0 |
|  | 04/2026 | 1249 | 39 | 0 | 0 |
|  | 04/2026 | $185 | 261 | 0 | (5) |
|  | 04/2026 | 120 | 825 | 0 | 0 |
|  | 04/2026 | 471 | 355 | 0 | (1) |
|  | 04/2026 | 5694 | 524820 | 0 | (166) |
|  | 06/2026 | 1172666 | $302 | 0 | (12) |
|  | 06/2026 | 591 | 191 | 3 | 0 |
|  | 06/2026 | $90 | 1515972 | 0 | (1) |
|  | 06/2026 | 535 | 9496 | 0 | (8) |
|  | 09/2026 | 337 | 1303351 | 5 | 0 |
|  | 09/2026 | 118 | 2111 | 0 | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | 04/2026 | 2087 | $674 | 10 | 0 |
|  | 04/2026 | 87843 | 933 | 7 | 0 |
|  | 04/2026 | $1840 | 2682 | 11 | 0 |
|  | 04/2026 | 1020 | 96107 | 0 | (9) |
|  | 04/2026 | 1277 | 4639 | 0 | (28) |
|  | 04/2026 | 4067 | 5195 | 0 | (26) |
|  | 04/2026 | 274 | 8966 | 0 | (2) |
|  | 05/2026 | 2682 | $1839 | 0 | (11) |
|  | 05/2026 | 5184 | 4067 | 26 | 0 |
|  | 06/2026 | 8948 | 275 | 2 | 0 |
|  | 06/2026 | 922 | 29 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; GLM | 04/2026 | 24411 | 4602 | 0 | (111) |
|  | 04/2026 | 1119 | 360 | 4 | 0 |
|  | 04/2026 | 2721 | 30 | 1 | 0 |
|  | 04/2026 | $4676 | 24411 | 37 | 0 |
|  | 04/2026 | 108 | 745 | 0 | 0 |
|  | 04/2026 | 37 | 618779 | 0 | 0 |
|  | 04/2026 | 389 | 7174 | 11 | 0 |
|  | 04/2026 | 102 | 368 | 0 | (3) |
|  | 04/2026 | 155 | 5095 | 0 | (1) |
|  | 06/2026 | 9 | $2 | 0 | 0 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series R(Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | 06/2026 | IDR | 1846733 |  | 110 | 110 |  | 1 | 1 |  | 0 |
|  |  | 06/2026 | MXN | 767 |  | 43 | 43 |  | 1 | 1 |  | 0 |
|  |  | 06/2026 | THB | 5086 |  | 155 | 155 |  | 0 | 0 |  | 0 |
|  |  | 06/2026 | $ | 4160 | BRL | 22404 | 22404 |  | 108 | 108 |  | 0 |
|  |  | 06/2026 |  | 196 | IDR | 3316541 | 3316541 |  | 0 | 0 |  | (1) |
|  |  | 06/2026 |  | 49 | ILS | 152 | 152 |  | 0 | 0 |  | 0 |
|  |  | 06/2026 |  | 564 | MXN | 9822 | 9822 |  | 0 | 0 |  | (19) |
|  |  | 07/2026 | BRL | 476 | $ | 89 | 89 |  | 0 | 0 |  | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; IND | &nbsp;&nbsp;&nbsp;&nbsp; IND | 04/2026 | EUR | 10249 |  | 12102 | 12102 |  | 256 | 256 |  | 0 |
|  |  | 04/2026 | $ | 2028 | DKK | 13181 | 13181 |  | 10 | 10 |  | 0 |
|  |  | 05/2026 | DKK | 13160 | $ | 2028 | 2028 |  | 0 | 0 |  | (10) |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp; JPM | 04/2026 | CNH | 483 |  | 70 | 70 |  | 0 | 0 |  | 0 |
|  |  | 04/2026 | INR | 45428 |  | 483 | 483 |  | 4 | 4 |  | 0 |
|  |  | 04/2026 | PLN | 1322 |  | 360 | 360 |  | 5 | 5 |  | (1) |
|  |  | 04/2026 | SGD | 5178 |  | 4109 | 4109 |  | 81 | 81 |  | 0 |
|  |  | 04/2026 | $ | 845 | EUR | 720 | 720 |  | 0 | 0 |  | (13) |
|  |  | 04/2026 |  | 483 | INR | 45506 | 45506 |  | 0 | 0 |  | (4) |
|  |  | 04/2026 |  | 1541 | MXN | 27662 | 27662 |  | 4 | 4 |  | (3) |
|  |  | 04/2026 |  | 1040 | ZAR | 17365 | 17365 |  | 0 | 0 |  | (15) |
|  |  | 04/2026 | ZAR | 7256 | $ | 427 | 427 |  | 0 | 0 |  | (1) |
|  |  | 05/2026 | $ | 88 | DKK | 575 | 575 |  | 1 | 1 |  | 0 |
|  |  | 06/2026 | ILS | 700 | $ | 227 | 227 |  | 3 | 3 |  | 0 |
|  |  | 06/2026 | MXN | 4309 |  | 240 | 240 |  | 1 | 1 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | &nbsp;&nbsp;&nbsp;&nbsp; MBC | 04/2026 | AUD | 70 |  | 49 | 49 |  | 1 | 1 |  | 0 |
|  |  | 04/2026 | CHF | 96 |  | 121 | 121 |  | 1 | 1 |  | 0 |
|  |  | 04/2026 | DKK | 13187 |  | 2084 | 2084 |  | 44 | 44 |  | 0 |
|  |  | 04/2026 | JPY | 1119068 |  | 7154 | 7154 |  | 106 | 106 |  | (4) |
|  |  | 04/2026 | KRW | 562708 |  | 385 | 385 |  | 17 | 17 |  | 0 |
|  |  | 04/2026 | NOK | 370 |  | 38 | 38 |  | 0 | 0 |  | 0 |
|  |  | 04/2026 | SEK | 1380 |  | 147 | 147 |  | 1 | 1 |  | 0 |
|  |  | 04/2026 | THB | 8303 |  | 260 | 260 |  | 8 | 8 |  | 0 |
|  |  | 04/2026 | $ | 364 | AUD | 516 | 516 |  | 0 | 0 |  | (8) |
|  |  | 04/2026 |  | 252 | CHF | 198 | 198 |  | 0 | 0 |  | (4) |
|  |  | 04/2026 |  | 417 | EUR | 361 | 361 |  | 1 | 1 |  | (1) |
|  |  | 04/2026 |  | 227 | GBP | 170 | 170 |  | 0 | 0 |  | (2) |
|  |  | 04/2026 |  | 4248 | JPY | 679116 | 679116 |  | 31 | 31 |  | 0 |
|  |  | 04/2026 |  | 117 | MXN | 2158 | 2158 |  | 3 | 3 |  | 0 |
|  |  | 04/2026 |  | 135 | NOK | 1290 | 1290 |  | 0 | 0 |  | (2) |
|  |  | 04/2026 |  | 5 | SGD | 6 | 6 |  | 0 | 0 |  | 0 |
|  |  | 05/2026 | JPY | 639279 | $ | 4010 | 4010 |  | 0 | 0 |  | (30) |
|  |  | 05/2026 | SGD | 6 |  | 5 | 5 |  | 0 | 0 |  | 0 |
|  |  | 05/2026 | $ | 38 | NOK | 370 | 370 |  | 0 | 0 |  | 0 |
|  |  | 06/2026 | MXN | 550 | $ | 30 | 30 |  | 0 | 0 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MYI | &nbsp;&nbsp;&nbsp;&nbsp; MYI | 04/2026 | JPY | 9227 |  | 59 | 59 |  | 1 | 1 |  | 0 |
|  |  | 04/2026 | PLN | 142 |  | 40 | 40 |  | 2 | 2 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | &nbsp;&nbsp;&nbsp;&nbsp; SCX | 04/2026 | JPY | 344464 |  | 2208 | 2208 |  | 38 | 38 |  | 0 |
|  |  | 04/2026 | NZD | 3026 |  | 1809 | 1809 |  | 70 | 70 |  | 0 |
|  |  | 04/2026 | THB | 772 |  | 24 | 24 |  | 1 | 1 |  | 0 |
|  |  | 04/2026 | $ | 3563 | CAD | 4933 | 4933 |  | 0 | 0 |  | (17) |
|  |  | 04/2026 |  | 577 | INR | 52572 | 52572 |  | 0 | 0 |  | (23) |
|  |  | 04/2026 |  | 140 | PLN | 506 | 506 |  | 0 | 0 |  | (4) |
|  |  | 05/2026 | CAD | 4926 | $ | 3563 | 3563 |  | 17 | 17 |  | 0 |
|  |  | 06/2026 | $ | 332 | IDR | 5601100 | 5601100 |  | 0 | 0 |  | (3) |
| &nbsp;&nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp;&nbsp; SSB | 04/2026 | AUD | 3552 | $ | 2528 | 2528 |  | 77 | 77 |  | 0 |
|  |  | 04/2026 | JPY | 95673 |  | 614 | 614 |  | 11 | 11 |  | 0 |
|  |  | 08/2026 | $ | 343 | COP | 1306695 | 1306695 |  | 2 | 2 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | 04/2026 | PLN | 598 | $ | 163 | 163 |  | 1 | 1 |  | 0 |
|  |  | 04/2026 | $ | 809 | PLN | 2922 | 2922 |  | 0 | 0 |  | (22) |
|  |  | 06/2026 | COP | 1353771 | $ | 349 | 349 |  | 0 | 0 |  | (14) |
|  |  | 06/2026 | ILS | 1498 |  | 486 | 486 |  | 9 | 9 |  | 0 |
|  |  | 06/2026 | MXN | 701 |  | 39 | 39 |  | 0 | 0 |  | 0 |
|  |  | 06/2026 | $ | 499 | MXN | 8716 | 8716 |  | 0 | 0 |  | (16) |
| **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** | $**1500** | **1500** | **$** | $**(886)** | **(886)** |
| **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:** |
| **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** |
| Counterparty | Description | Description | Description | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value |
| GST | Put - OTC CDX.IG-45 5-Year Index | Put - OTC CDX.IG-45 5-Year Index | Put - OTC CDX.IG-45 5-Year Index | 0.850% | 0.850% | 05/20/2026 | 1200 | 1200 | $(1) | (1) | $ | $(1) |
| **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** |
| Counterparty | Description | Initial<br>Index | &nbsp;&nbsp;&nbsp;&nbsp; Floating<br>Rate | &nbsp;&nbsp;&nbsp;&nbsp; Floating<br>Rate | &nbsp;&nbsp;&nbsp;&nbsp; Floating<br>Rate | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value |
| GLM | Cap - OTC CPALEMU | 100.151 | &nbsp;&nbsp;&nbsp;&nbsp; Maximum of [(Final Index/Initial Index - 1) - 3.000%] or 0 | &nbsp;&nbsp;&nbsp;&nbsp; Maximum of [(Final Index/Initial Index - 1) - 3.000%] or 0 | &nbsp;&nbsp;&nbsp;&nbsp; Maximum of [(Final Index/Initial Index - 1) - 3.000%] or 0 | 06/22/2035 | 1200 | 1200 | $(54) | (54) | $ | $(29) |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series R(Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **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 | Pay/Receive<br>Floating Rate | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Expiration<br>Date | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Premiums<br>(Received) | Market<br>Value |
| GLM | Call - OTC 2-Year Interest Rate Swap | 6-Month EUR-EURIBOR | Receive | Receive | 2.350% | 01/07/2027 | 01/07/2027 | 12200 | 12200 | $(111) | (111) | $(31) |
|  | Put - OTC 2-Year Interest Rate Swap | 6-Month EUR-EURIBOR | Pay | Pay | 2.350 | 01/07/2027 | 01/07/2027 | 12200 | 12200 | (111) | (111) | (183) |
|  | Call - OTC 2-Year Interest Rate Swap | 6-Month EUR-EURIBOR | Receive | Receive | 2.500 | 01/14/2027 | 01/14/2027 | 3000 | 3000 | (27) | (27) | (11) |
|  | Put - OTC 2-Year Interest Rate Swap | 6-Month EUR-EURIBOR | Pay | Pay | 2.500 | 01/14/2027 | 01/14/2027 | 3000 | 3000 | (28) | (28) | (38) |
|  |  |  |  |  |  |  |  |  |  | $(277) | (277) | $(263) |
| **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** | $**(332)** | **(332)** | $**(293)** |
| 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. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. |
| **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** | **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 Portfolio'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 Portfolio'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 Portfolio'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 Portfolio'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 Portfolio'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 Portfolio'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 Portfolio'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 Portfolio'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 Portfolio'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 Portfolio'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 Portfolio'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 Portfolio'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 Portfolio's assets and liabilities**: |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Level 1 | Level 1 | Level 1 | Level 2 | Level 2 | 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** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| 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 | $0 | 0 | 0 | $2262 | 2262 | $0 | 0 | $2262 | 2262 |
| Industrials | Industrials | Industrials | Industrials | 0 | 0 | 0 | 2272 | 2272 | 0 | 0 | 2272 | 2272 |
| U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | 0 | 0 | 0 | 75969 | 75969 | 0 | 0 | 75969 | 75969 |
| U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 0 | 0 | 223257 | 223257 | 0 | 0 | 223257 | 223257 |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 0 | 0 | 1228 | 1228 | 0 | 0 | 1228 | 1228 |
| 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 | Asset-Backed Securities | Asset-Backed Securities |
| CMBS Other | CMBS Other | CMBS Other | CMBS Other | 0 | 0 | 0 | 602 | 602 | 0 | 0 | 602 | 602 |
| Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | 0 | 0 | 0 | 1505 | 1505 | 0 | 0 | 1505 | 1505 |
| Other ABS | Other ABS | Other ABS | Other ABS | 0 | 0 | 0 | 16827 | 16827 | 0 | 0 | 16827 | 16827 |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 0 | 19082 | 19082 | 0 | 0 | 19082 | 19082 |
| 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 | Short-Term Instruments | Short-Term Instruments |
| Mutual Funds | Mutual Funds | Mutual Funds | Mutual Funds | 0 | 0 | 0 | 762 | 762 | 0 | 0 | 762 | 762 |
| Total Investments | Total Investments | Total Investments | Total Investments | $0 | 0 | 0 | $343766 | 343766 | $0 | 0 | $343766 | 343766 |
| **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** |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | 416 | 416 | 416 | 332 | 332 | 0 | 0 | 748 | 748 |
| Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 | 0 | 1500 | 1500 | 0 | 0 | 1500 | 1500 |
|  |  |  |  | $416 | 416 | 416 | $1832 | 1832 | $0 | 0 | $2248 | 2248 |
| **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** |
| Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | Exchange-traded or centrally cleared | (318) | (318) | (318) | (193) | (193) | 0 | 0 | (511) | (511) |
| Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 | 0 | (1150) | (1150) | (29) | (29) | (1179) | (1179) |
|  |  |  |  | $(318) | (318) | (318) | $(1343) | (1343) | $(29) | (29) | $(1690) | (1690) |
| Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | $98 | 98 | 98 | $489 | 489 | $(29) | (29) | $558 | 558 |
| Totals | Totals | Totals | Totals | $98 | 98 | 98 | $344255 | 344255 | $(29) | (29) | $344324 | 344324 |
| **There were no significant transfers into or out of Level 3 during the period ended March 31, 2026.** | **There were no significant transfers into or out of Level 3 during the period ended March 31, 2026.** | **There were no significant transfers into or out of Level 3 during the period ended March 31, 2026.** | **There were no significant transfers into or out of Level 3 during the period ended March 31, 2026.** | **There were no significant transfers into or out of Level 3 during the period ended March 31, 2026.** | **There were no significant transfers into or out of Level 3 during the period ended March 31, 2026.** | **There were no significant transfers into or out of Level 3 during the period ended March 31, 2026.** | **There were no significant transfers into or out of Level 3 during the period ended March 31, 2026.** | **There were no significant transfers into or out of Level 3 during the period ended March 31, 2026.** | **There were no significant transfers into or out of Level 3 during the period ended March 31, 2026.** | **There were no significant transfers into or out of Level 3 during the period ended March 31, 2026.** | **There were no significant transfers into or out of Level 3 during the period ended March 31, 2026.** | **There were no significant transfers into or out of Level 3 during the period ended March 31, 2026.** |

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------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series TE 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 91.2% ¤** |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 1.5%** |  |  |
| **AM Bidco Operations LLC**<br>TBD% - 8.500% (TSFR3M + 0.000%) due 10/21/2027 «~µ(f) | $154 | $128 |
| **Calcasieu Heights Senior LP**<br>TBD% - 7.250% due 09/24/2026 «~µ | 4787 | 4781 |
| Total Loan Participations and Assignments (Cost $4,922) |  | 4909 |
| **CORPORATE BONDS & NOTES 0.3%** |  |  |
| **BANKING & FINANCE 0.1%** |  |  |
| **Benloch Ranch Improvement Association No. 2**<br>10.000% due 12/01/2051 « | 200 | 147 |
| **INDUSTRIALS 0.2%** |  |  |
| **Providence St. Joseph Health Obligated Group**<br>5.403% due 10/01/2033 | 700 | 715 |
| Total Corporate Bonds & Notes (Cost $895) |  | 862 |
| **MUNICIPAL BONDS & NOTES 80.6%** |  |  |
| **ALABAMA 4.1%** |  |  |
| **Baldwin County, Alabama Industrial Development Authority Revenue Bonds, Series 2025** |  |  |
| 4.625% due 06/01/2055 | 250 | 250 |
| 5.000% due 06/01/2055 | 800 | 812 |
| **Black Belt Energy Gas District, Alabama Revenue Bonds, Series 2023**<br>5.500% due 10/01/2054 | 2000 | 2159 |
| **Black Belt Energy Gas District, Alabama Revenue Bonds, Series 2024**<br>5.000% due 03/01/2055 | 600 | 636 |
| **Black Belt Energy Gas District, Alabama Revenue Bonds, Series 2025**<br>5.000% due 12/01/2055 | 300 | 318 |
| **Black Belt Energy Gas District, Alabama Revenue Notes, Series 2025**<br>5.000% due 10/01/2035 | 705 | 735 |
| **Energy Southeast A Cooperative District, Alabama Revenue Bonds, Series 2024**<br>5.250% due 07/01/2054 | 1000 | 1067 |
| **Mobile County, Alabama Industrial Development Authority Revenue Bonds, Series 2024**<br>5.000% due 06/01/2054 | 1990 | 1897 |
| **Southeast Alabama Gas Supply District Revenue Bonds, Series 2024**<br>5.000% due 06/01/2049 | 1000 | 1053 |
| **Southeast Energy Authority A Cooperative District, Alabama Revenue Bonds, Series 2024**<br>5.000% due 11/01/2035 | 800 | 818 |
| **Southeast Energy Authority A Cooperative District, Alabama Revenue Bonds, Series 2025** |  |  |
| 5.000% due 05/01/2055 | 1500 | 1587 |
| 5.250% due 03/01/2055 | 2000 | 2056 |
|  |  | 13388 |
| **ALASKA 0.2%** |  |  |
| **Northern Tobacco Securitization Corp., Alaska Revenue Bonds, Series 2021**<br>0.000% due 06/01/2066 (c) | 4500 | 484 |
| **ARIZONA 0.6%** |  |  |
| **Arizona Industrial Development Authority Revenue Bonds, Series 2025**<br>6.750% due 12/01/2055 | 250 | 254 |
| **Industrial Development Authority of the City of Phoenix, Arizona Revenue Notes, Series 2018**<br>5.000% due 07/01/2028 | 250 | 256 |
| **Phoenix Civic Improvement Corp. Arizona Revenue Bonds, Series 2019**<br>5.000% due 07/01/2049 | 1250 | 1273 |
|  |  | 1783 |
| **ARKANSAS 1.1%** |  |  |
| **Arkansas Development Finance Authority Revenue Bonds, Series 2023**<br>7.375% due 07/01/2048 | 500 | 541 |

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<br> Schedule of Investments PIMCO Fixed Income SHares: Series TE(Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Arkansas Development Finance Authority Revenue Bonds, Series 2026**<br>4.250% due 09/01/2046 | 3000 | 2982 |
|  |  | 3523 |
| **CALIFORNIA 4.8%** |  |  |
| **California Community Choice Financing Authority Revenue Bonds, Series 2024** |  |  |
| 5.000% due 05/01/2054 | 1000 | 1055 |
| 5.000% due 01/01/2055 | 75 | 77 |
| 5.000% due 02/01/2055 | 700 | 753 |
| 5.000% due 11/01/2055 | 440 | 449 |
| **California Community Choice Financing Authority Revenue Bonds, Series 2025**<br>5.000% due 10/01/2055 | 600 | 606 |
| **California Community Housing Agency Revenue Bonds, Series 2022**<br>4.500% due 08/01/2052 | 250 | 186 |
| **California County Tobacco Securitization Agency Revenue Bonds, Series 2020**<br>0.000% due 06/01/2055 (c) | 1000 | 183 |
| **California Educational Facilities Authority Revenue Bonds, Series 2023**<br>5.500% due 10/01/2053 | 1000 | 974 |
| **California Housing Finance Revenue Bonds, Series 2024** |  |  |
| 6.000% due 03/01/2053 | 800 | 809 |
| 7.000% due 03/01/2053 | 250 | 244 |
| **California Infrastructure & Economic Development Bank Revenue Bonds, Series 2020**<br>0.000% due 01/01/2060 (c) | 2250 | 199 |
| **California Municipal Finance Authority Revenue Bonds, Series 2024**<br>6.000% due 01/01/2039 | 500 | 520 |
| **California Municipal Finance Authority Revenue Bonds, Series 2025**<br>5.000% due 01/01/2038 | 500 | 514 |
| **California Public Finance Authority Revenue Bonds, Series 2019**<br>6.250% due 07/01/2054 | 250 | 258 |
| **California State General Obligation Bonds, Series 2015**<br>3.875% due 12/01/2030 | 500 | 500 |
| **California Statewide Communities Development Authority Revenue Bonds, (AGM Insured), Series 2022**<br>5.375% due 08/15/2057 | 250 | 253 |
| **California Statewide Communities Development Authority Revenue Bonds, Series 2019**<br>4.250% due 11/01/2059 | 200 | 173 |
| **Central Valley Energy Authority, California Revenue Notes, Series 2026**<br>5.000% due 08/01/2034 | 400 | 421 |
| **CSCDA Community Improvement Authority, California Revenue Bonds, Series 2022**<br>4.750% due 09/01/2062 (d) | 500 | 327 |
| **Golden State, California Tobacco Securitization Corp. Revenue Bonds, Series 2021** |  |  |
| 0.000% due 06/01/2066 (c) | 9000 | 902 |
| 3.714% due 06/01/2041 | 2000 | 1586 |
| 4.214% due 06/01/2050 | 100 | 76 |
| **Golden State, California Tobacco Securitization Corp. Revenue Bonds, Series 2022**<br>5.000% due 06/01/2051 | 300 | 294 |
| **Los Angeles Department of Airports, California Revenue Bonds, Series 2018**<br>4.000% due 05/15/2048 | 1000 | 888 |
| **Sacramento County, California Special Tax Bonds, Series 2022**<br>5.000% due 09/01/2047 | 500 | 501 |
| **San Joaquin Valley Clean Energy Authority, California Revenue Bonds, Series 2025**<br>5.500% due 01/01/2056 | 300 | 327 |
| **Tobacco Securitization Authority of Northern California Revenue Bonds, Series 2021**<br>0.000% due 06/01/2060 (c) | 2500 | 383 |
| **Tobacco Securitization Authority of Southern California Revenue Bonds, Series 2019**<br>0.000% due 06/01/2054 (c) | 2000 | 357 |
| **University of California Revenue Bonds, Series 2022**<br>5.000% due 05/15/2052 | 1800 | 1854 |
|  |  | 15669 |
| **COLORADO 3.7%** |  |  |
| **Aerotropolis Regional Transportation Authority, Colorado Revenue Bonds, Series 2024**<br>5.500% due 12/01/2044 | 1000 | 1018 |
| **Canyons Metropolitan District No 5, Colorado General Obligation Bonds, Series 2024**<br>6.500% due 12/15/2054 | 250 | 246 |
| **Centerra Metropolitan District No 1, Colorado Tax Allocation Bonds, Series 2017**<br>5.000% due 12/01/2037 | 250 | 250 |
| **Centerra Metropolitan District No 1, Colorado Tax Allocation Bonds, Series 2018**<br>5.250% due 12/01/2048 | 500 | 500 |
| **Colorado Crossing Metropolitan District No 2, General Obligation Bonds, Series 2020**<br>5.000% due 12/01/2047 | 500 | 479 |
| **Colorado International Center Metropolitan District No 7, General Obligation Bonds, Series 2021**<br>5.250% due 12/01/2051 (d) | 750 | 609 |
| **Colorado State Building Excellent School Certificates of Participation Bonds, Series 2021**<br>4.000% due 03/15/2046 | 1000 | 927 |
| **Crowfoot Valley Ranch Metropolitan District No 2, Colorado General Obligation Bonds, Series 2024**<br>6.125% due 12/15/2054 | 750 | 720 |
| **Denver, Colorado Airport System City & County Revenue Bonds, Series 2018**<br>4.000% due 12/01/2043 | 1000 | 928 |
| **Dominion Water & Sanitation District, Colorado Revenue Bonds, Series 2022**<br>5.875% due 12/01/2052 | 1939 | 1981 |
| **Elbert County, Colorado Independence Water & Sanitation District Revenue Notes, Series 2024**<br>5.125% due 12/01/2033 | 870 | 895 |
| **Longs Peak Metropolitan District, Colorado General Obligation Bonds, Series 2021**<br>5.250% due 12/01/2051 | 500 | 482 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series TE(Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Rampart Range Metropolitan District No 5, Colorado Revenue Bonds, Series 2021**<br>4.000% due 12/01/2036 | 750 | 709 |
| **Senac South Metropolitan District No 1, Colorado General Obligation Bonds, Series 2021**<br>5.250% due 12/01/2051 | 550 | 519 |
| **Sterling Ranch Community Authority Board, Colorado Revenue Bonds, Series 2024**<br>5.750% due 12/01/2054 | 500 | 500 |
| **Velocity Metropolitan District No 5, Colorado General Obligation Bonds, Series 2020**<br>6.000% due 12/01/2050 (d) | 1000 | 881 |
| **Willow Bend Metropolitan District, Colorado General Obligation Bonds, Series 2019**<br>5.000% due 12/01/2049 | 500 | 472 |
|  |  | 12116 |
| **DISTRICT OF COLUMBIA 1.2%** |  |  |
| **District of Columbia Income Tax Revenue Bonds, Series 2025**<br>5.250% due 06/01/2050 | 3255 | 3450 |
| **Washington Metropolitan Area Transit Authority Dedicated, District of Columbia Revenue Bonds, Series 2025**<br>5.250% due 07/15/2055 | 300 | 312 |
|  |  | 3762 |
| **FLORIDA 8.9%** |  |  |
| **Alachua County, Florida Housing Finance Authority Revenue Bonds, Series 2025**<br>6.300% due 07/01/2055 | 250 | 258 |
| **Antillia Community Development District, Florida Special Assessment Bonds, Series 2024**<br>5.600% due 05/01/2044 | 615 | 626 |
| **Avenir Community Development District, Florida Special Assessment Bonds, Series 2023**<br>5.625% due 05/01/2054 | 405 | 394 |
| **Babcock Ranch Community Independent Special District, Florida Special Assessment Bonds, Series 2022**<br>5.000% due 05/01/2042 | 300 | 301 |
| **Babcock Ranch Community Independent Special District, Florida Special Assessment Bonds, Series 2024**<br>5.250% due 05/01/2055 | 250 | 243 |
| **Babcock Ranch Community Independent Special District, Florida Special Assessment Notes, Series 2022**<br>4.250% due 05/01/2032 | 390 | 393 |
| **Bella Collina Community Development District, Florida Special Assessment Bonds, Series 2024**<br>5.000% due 05/01/2044 | 250 | 250 |
| **Berry Bay II Community Development District, Florida Special Assessment Notes, Series 2024**<br>4.450% due 05/01/2031 | 220 | 221 |
| **Brevard County, Florida Health Facilities Authority Revenue Bonds, Series 2022**<br>5.000% due 04/01/2047 | 1000 | 1020 |
| **Buckhead Trails II Community Development District, Florida Special Assessment Bonds, Series 2026**<br>5.500% due 05/01/2046 | 250 | 250 |
| **Capital Trust Agency Inc, Florida Revenue Bonds, Series 2021**<br>5.000% due 01/01/2056 | 250 | 209 |
| **Capital Trust Authority, Florida Revenue Bonds, Series 2025**<br>5.250% due 07/01/2050 | 1300 | 1254 |
| **Charlotte County Industrial Development Authority, Florida Revenue Notes, Series 2025**<br>5.125% due 10/01/2035 | 685 | 697 |
| **Edgewater West Community Development District, Florida Special Assessment Bonds, Series 2024**<br>5.250% due 05/01/2044 | 500 | 493 |
| **Florida Development Finance Corp. Revenue Bonds, (AGM Insured), Series 2024** |  |  |
| 5.000% due 07/01/2044 | 300 | 292 |
| 5.250% due 07/01/2047 | 400 | 393 |
| 5.250% due 07/01/2053 | 1400 | 1360 |
| **Florida Higher Educational Facilities Financing Authority Revenue Bonds, Series 2025** |  |  |
| 6.000% due 07/01/2045 | 600 | 609 |
| 6.250% due 07/01/2055 | 200 | 201 |
| **Florida Local Government Finance Commission Revenue Bonds, Series 2025**<br>6.625% due 11/15/2045 | 335 | 355 |
| **Gas Worx Community Development District, Florida Special Assessment Bonds, Series 2025**<br>5.000% due 05/01/2036 | 615 | 631 |
| **GIR East Community Development District, Florida Special Assessment Bonds, Series 2025**<br>5.300% due 05/01/2045 | 1000 | 990 |
| **Golden Gem Community Development District, Florida Special Assessment Bonds, Series 2024**<br>5.700% due 05/01/2044 | 1000 | 1013 |
| **Hammock Oaks Community Development District, Florida Special Assessment Bonds, Series 2025**<br>5.750% due 05/01/2055 | 500 | 494 |
| **Hickory Tree Community Development District, Florida Special Assessment Bonds, Series 2024**<br>5.450% due 05/01/2055 | 250 | 243 |
| **Hyde Park Community Development District No 1, Florida Special Assessment Bonds, Series 2024**<br>5.350% due 05/01/2044 | 420 | 422 |
| **Ibis Landing Community Development District, Florida Special Assessment Bonds, Series 2025**<br>5.700% due 06/15/2045 | 615 | 637 |
| **Lakes of Sarasota Community Development District 2, Florida Special Assessment Bonds, Series 2025**<br>5.500% due 05/01/2045 | 230 | 231 |
| **Lakes of Sarasota Community Development District, Florida Special Assessment Bonds, Series 2024**<br>5.300% due 05/01/2044 | 425 | 424 |
| **Lakewood Ranch Stewardship District, Florida Special Assessment Bonds, Series 2024** |  |  |
| 5.250% due 05/01/2044 | 580 | 593 |
| 5.550% due 05/01/2054 | 530 | 532 |
| **Lakewood Ranch Stewardship District, Florida Special Assessment Bonds, Series 2025**<br>5.500% due 05/01/2040 | 400 | 428 |
| **LTC Ranch West Residential Community Development District, Florida Special Assessment Bonds, Series 2024**<br>5.375% due 05/01/2044 | 840 | 833 |
| **Magnolia Island Community Development District, Florida Special Assessment Bonds, Series 2025**<br>5.550% due 05/01/2045 | 250 | 251 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series TE(Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Miami-Dade County, Florida Aviation Revenue Bonds, Series 2025**<br>5.250% due 10/01/2055 | 1000 | 1031 |
| **Miami-Dade County, Florida Aviation Revenue Notes, Series 2024**<br>5.000% due 10/01/2034 | 440 | 488 |
| **Miami-Dade County, Florida Transit System Revenue Bonds, Series 2018**<br>4.000% due 07/01/2044 | 1000 | 975 |
| **Midtown Miami Community Development District, Florida Special Assessment Bonds, Series 2014**<br>5.000% due 05/01/2029 | 615 | 615 |
| **Newfield Community Development District, Florida Special Assessment Notes, Series 2025**<br>5.000% due 05/01/2035 | 790 | 823 |
| **Newport Isles Community Development District, Florida Special Assessment Bonds, Series 2024**<br>5.200% due 05/01/2054 | 150 | 141 |
| **Normandy Community Development District, Florida Special Assessment Bonds, Series 2024**<br>5.550% due 05/01/2054 | 250 | 234 |
| **Orange County, Florida Health Facilities Authority Revenue Bonds, Series 2024**<br>5.000% due 08/01/2047 | 150 | 149 |
| **Osceola County, Florida Transportation Revenue Notes, Series 2020**<br>0.000% due 10/01/2028 (c) | 475 | 433 |
| **Parrish Lakes Community Development District, Florida Special Assessment Bonds, Series 2024**<br>5.500% due 05/01/2044 | 460 | 465 |
| **Pasadena Ridge Community Development District, Florida Special Assessment Bonds, Series 2024**<br>5.375% due 05/01/2055 | 100 | 95 |
| **Pasadena Ridge Community Development District, Florida Special Assessment Bonds, Series 2025**<br>5.500% due 05/01/2045 | 250 | 248 |
| **Pioneer Ranch Community Development District, Florida Special Assessment Bonds, Series 2024**<br>5.000% due 05/01/2044 | 770 | 746 |
| **Reflection Bay Community Development District, Florida Special Assessment Notes, Series 2025**<br>5.000% due 05/01/2035 | 625 | 644 |
| **Rivers Edge III Community Development District, Florida Special Assessment Bonds, Series 2025**<br>5.750% due 05/01/2045 | 100 | 103 |
| **Rookery Community Development District, Florida Special Assessment Bonds, Series 2024**<br>5.000% due 05/01/2044 | 300 | 294 |
| **School Board of Miami-Dade County, Florida General Obligation Bonds, Series 2017**<br>4.000% due 03/15/2042 | 1000 | 986 |
| **Seagrove Community Development District, Florida Special Assessment Bonds, Series 2024**<br>4.875% due 06/15/2044 | 250 | 243 |
| **St Johns County, Florida Industrial Development Authority Revenue Notes, Series 2021** |  |  |
| 4.000% due 12/15/2029 | 225 | 224 |
| 4.000% due 12/15/2030 | 200 | 198 |
| 4.000% due 12/15/2031 | 210 | 207 |
| **Sunrise Community Development District, Florida Special Assessment Bonds, Series 2025**<br>5.625% due 05/01/2045 | 350 | 345 |
| **Village Community Development District No. 15, Florida Special Assessment Bonds, Series 2023**<br>4.850% due 05/01/2038 | 490 | 502 |
| **Village Community Development District No. 15, Florida Special Assessment Notes, Series 2024**<br>4.000% due 05/01/2034 | 250 | 250 |
| **Westview South Community Development District, Florida Special Assessment Bonds, Series 2025**<br>6.000% due 05/01/2045 | 1000 | 1038 |
|  |  | 29018 |
| **GEORGIA 1.4%** |  |  |
| **Atlanta Development Authority, Georgia Revenue Bonds, Series 2024**<br>6.500% due 12/15/2048 (d) | 250 | 226 |
| **Atlanta Development Authority, Georgia Tax Allocation Notes, Series 2024**<br>5.000% due 04/01/2034 | 100 | 102 |
| **Main Street Natural Gas, Inc., Georgia Revenue Bonds, Series 2024**<br>5.000% due 12/01/2054 | 550 | 587 |
| **Main Street Natural Gas, Inc., Georgia Revenue Bonds, Series 2025**<br>5.000% due 12/01/2055 | 900 | 945 |
| **Municipal Electric Authority of Georgia Revenue Bonds, Series 2019**<br>5.000% due 01/01/2049 | 2575 | 2574 |
|  |  | 4434 |
| **IDAHO 0.2%** |  |  |
| **Idaho Health Facilities Authority Revenue Bonds, Series 2025**<br>5.000% due 03/01/2060 | 200 | 216 |
| **Spring Valley Community Infrastructure District No 1, Idaho Special Assessment Bonds, Series 2021**<br>3.750% due 09/01/2051 | 381 | 363 |
|  |  | 579 |
| **ILLINOIS 3.9%** |  |  |
| **Chicago Board of Education, Illinois General Obligation Bonds, Series 2018**<br>5.000% due 12/01/2046 | 500 | 457 |
| **Chicago Board of Education, Illinois General Obligation Bonds, Series 2025** |  |  |
| 5.000% due 12/01/2040 | 1000 | 967 |
| 5.750% due 12/01/2050 | 800 | 801 |
| 6.000% due 12/01/2043 | 1000 | 1058 |
| **Chicago O'Hare International Airport, Illinois Revenue Bonds, Series 2024**<br>5.250% due 01/01/2048 | 1000 | 1016 |
| **Chicago O'Hare International Airport, Illinois Revenue Notes, Series 2024**<br>5.000% due 01/01/2033 | 500 | 547 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series TE(Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Chicago Transit Authority Sales Tax Receipts Fund, Illinois Revenue Bonds, Series 2024**<br>5.000% due 12/01/2049 | 300 | 304 |
| **Chicago, Illinois General Obligation Bonds, Series 2023**<br>5.500% due 01/01/2039 | 300 | 311 |
| **Illinois Finance Authority Revenue Bonds, Series 2017** |  |  |
| 4.000% due 07/15/2047 | 1975 | 1738 |
| 5.250% due 05/15/2054 | 100 | 82 |
| 5.500% due 05/15/2054 | 400 | 337 |
| **Illinois Finance Authority Revenue Bonds, Series 2018**<br>5.000% due 05/15/2043 | 440 | 448 |
| **Illinois Sales Tax State Revenue Bonds, Series 2016**<br>3.000% due 06/15/2034 | 1180 | 1088 |
| **Illinois State General Obligation Bonds, Series 2018**<br>5.000% due 10/01/2033 | 1000 | 1035 |
| **Illinois State General Obligation Bonds, Series 2024**<br>5.000% due 05/01/2037 | 1000 | 1075 |
| **Illinois State General Obligation Notes, Series 2020**<br>5.500% due 05/01/2030 | 850 | 901 |
| **Village of Gilberts, Illinois Special Service Area No 24, Special Tax Bonds, Series 2014**<br>5.375% due 03/01/2034 | 443 | 426 |
|  |  | 12591 |
| **INDIANA 0.6%** |  |  |
| **Evansville, Indiana Revenue Bonds, Series 2017**<br>5.450% due 01/01/2038 | 500 | 472 |
| **Indiana Finance Authority Revenue Bonds, Series 2024**<br>5.000% due 07/01/2054 | 100 | 97 |
| **Indiana Housing & Community Development Authority Revenue Bonds, Series 2016** |  |  |
| 5.750% due 01/01/2036 | 175 | 175 |
| 6.250% due 07/01/2056 | 295 | 281 |
| **Indianapolis, Indiana Revenue Bonds, Series 2016**<br>6.250% due 07/01/2056 | 295 | 282 |
| **Mishawaka, Indiana Revenue Bonds, Series 2017**<br>5.375% due 01/01/2038 | 300 | 291 |
| **Valparaiso, Indiana Revenue Bonds, Series 2021**<br>5.375% due 12/01/2041 | 245 | 223 |
| **Valparaiso, Indiana Revenue Bonds, Series 2025**<br>6.250% due 10/01/2050 | 250 | 248 |
|  |  | 2069 |
| **IOWA 0.7%** |  |  |
| **Iowa Finance Authority Midwestern Disaster Area Revenue Refunding Bonds,Series 2024**<br>4.650% due 07/01/2043 | 2000 | 2015 |
| **Iowa Finance Authority Revenue Bonds, Series 2022**<br>8.000% due 01/01/2042 | 250 | 211 |
|  |  | 2226 |
| **KENTUCKY 0.5%** |  |  |
| **Kentucky Public Energy Authority Revenue Notes, Series 2025**<br>5.000% due 05/01/2036 | 1400 | 1475 |
| **LOUISIANA 0.4%** |  |  |
| **Louisiana Public Facilities Authority Revenue Bonds, (AGM Insured), Series 2025**<br>4.750% due 07/01/2065 | 1500 | 1418 |
| **MAINE 0.3%** |  |  |
| **Finance Authority of Maine Revenue Bonds, Series 2015**<br>5.000% due 08/01/2035 | 675 | 705 |
| **Finance Authority of Maine Revenue Bonds, Series 2024**<br>4.625% due 12/01/2047 | 250 | 258 |
|  |  | 963 |
| **MARYLAND 0.4%** |  |  |
| **Maryland Department of Transportation State Revenue Bonds, (AGC/CR Insured), Series 2021**<br>4.000% due 08/01/2051 | 1000 | 856 |
| **Maryland Health & Higher Educational Facilities Authority Revenue Bonds, Series 2025**<br>5.000% due 07/01/2045 | 300 | 322 |
|  |  | 1178 |
| **MASSACHUSETTS 2.3%** |  |  |
| **Commonwealth of Massachusetts General Obligation Bonds, Series 2025** |  |  |
| 5.000% due 08/01/2048 | 700 | 734 |
| 5.000% due 06/01/2051 | 3000 | 3111 |
| **Massachusetts Development Finance Agency Revenue Bonds, (AGM Insured), Series 2025**<br>5.000% due 07/01/2050 | 600 | 620 |
| **Massachusetts Development Finance Agency Revenue Bonds, Series 2013**<br>4.000% due 07/01/2043 | 1750 | 1583 |
| **Massachusetts Development Finance Agency Revenue Bonds, Series 2016**<br>5.000% due 10/01/2048 | 1000 | 938 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series TE(Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Massachusetts Development Finance Agency Revenue Bonds, Series 2024**<br>5.000% due 07/01/2044 | 350 | 353 |
|  |  | 7339 |
| **MICHIGAN 0.8%** |  |  |
| **Detroit, Michigan General Obligation Bonds, Series 2014**<br>4.000% due 04/01/2044 | 497 | 383 |
| **Kalamazoo Economic Development Corp., Michigan Revenue Bonds, Series 2026**<br>6.000% due 08/15/2046 | 500 | 509 |
| **Michigan State Hospital Finance Authority Revenue Bonds, Series 2025**<br>5.000% due 08/15/2055 | 1500 | 1661 |
|  |  | 2553 |
| **MINNESOTA 1.2%** |  |  |
| **Housing & Redevelopment Authority of The City of St Paul Minnesota Revenue Bonds, Series 2026**<br>6.375% due 06/15/2061 | 500 | 493 |
| **Minnesota Agricultural & Economic Development Board Revenue Bonds, Series 2024**<br>5.250% due 01/01/2054 | 1000 | 1022 |
| **Minnesota Housing Finance Agency Revenue Bonds, (GNMA/FNMA/FHLMC Insured), Series 2024**<br>6.500% due 01/01/2055 | 1925 | 2155 |
| **Shakopee, Minnesota Senior Housing Revenue Bonds, Series 2025**<br>5.625% due 11/01/2045 | 250 | 253 |
|  |  | 3923 |
| **MISSOURI 0.3%** |  |  |
| **Jefferson County Industrial Development Authority, Missouri Revenue Bonds, (FNMA Insured), Series 2024**<br>4.450% due 02/01/2043 | 992 | 977 |
| **MULTI-STATE 1.6%** |  |  |
| **Douglas County, Georgia Housing Authority Multifamly Tax-Exempt Bonds, Series 2024**<br>4.375% due 04/01/2043 | 1000 | 978 |
| **FHLMC Multifamily VRD Certificates, Revenue Bonds, Series 2025**<br>4.869% due 01/25/2043 | 2187 | 2278 |
| **Freddie Mac Multifamily ML Certificates, Revenue Bonds, Series 2023** |  |  |
| 4.139% due 08/25/2040 | 492 | 495 |
| 4.140% due 01/25/2040 | 486 | 482 |
| **Freddie Mac Multifamily ML Certificates, Revenue Bonds, Series 2024** |  |  |
| 4.270% due 10/25/2040 | 493 | 500 |
| 4.326% due 08/25/2041 ~ | 496 | 509 |
|  |  | 5242 |
| **NEVADA 0.1%** |  |  |
| **Las Vegas, Nevada Revenue Bonds, Series 2016**<br>4.375% due 06/15/2035 | 290 | 286 |
| **Reno, Nevada Revenue Bonds, Series 2018**<br>0.000% due 07/01/2058 (c) | 1000 | 156 |
|  |  | 442 |
| **NEW HAMPSHIRE 1.0%** |  |  |
| **New Hampshire Business Finance Authority Affordable Housing Bonds, Series 2024**<br>4.150% due 10/20/2040 | 273 | 270 |
| **New Hampshire Business Finance Authority Revenue Bonds, Series 2025** |  |  |
| 3.824% due 11/20/2042 | 994 | 955 |
| 3.922% due 01/20/2041 ~ | 2000 | 1558 |
| 5.625% due 06/01/2039 | 200 | 200 |
| **New Hampshire Business Finance Authority Revenue Notes, Series 2021**<br>4.000% due 01/01/2030 | 280 | 282 |
|  |  | 3265 |
| **NEW JERSEY 0.9%** |  |  |
| **New Jersey Economic Development Authority Special Assessment Bonds, Series 2002**<br>5.750% due 04/01/2031 | 1000 | 1003 |
| **New Jersey Housing & Mortgage Finance Agency Revenue Bonds, (FNMA Insured), Series 2025**<br>4.550% due 05/01/2041 | 995 | 1007 |
| **Passaic County, New Jersey Improvement Authority Revenue Bonds, Series 2025**<br>5.000% due 07/01/2044 | 750 | 751 |
| **Tobacco Settlement Financing Corp. New Jersey Revenue Bonds, Series 2018**<br>5.000% due 06/01/2046 | 200 | 195 |
|  |  | 2956 |
| **NEW MEXICO 0.1%** |  |  |
| **Farmington, New Mexico Revenue Bonds, Series 2005**<br>1.800% due 04/01/2029 | 500 | 469 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series TE(Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **NEW YORK 8.8%** |  |  |
| **Brookhaven Local Development Corp. New York Revenue Bonds, Series 2020**<br>4.000% due 11/01/2055 | 500 | 413 |
| **New York City, New York Municipal Water Finance Authority Revenue Bonds, Series 2022**<br>2.650% due 06/15/2044 | 4800 | 4800 |
| **New York City, New York Municipal Water Finance Authority Revenue Bonds, Series 2023**<br>5.250% due 06/15/2053 | 200 | 208 |
| **New York City, New York Transitional Finance Authority Future Tax Secured Revenue Bonds, Series 2025**<br>5.000% due 05/01/2051 | 4950 | 5090 |
| **New York City, New York Transitional Finance Authority Future Tax Secured Revenue Bonds, Series 2026**<br>5.000% due 02/01/2050 | 4025 | 4145 |
| **New York City, New York Transitional Finance Authority Revenue Bonds, Series 2024**<br>5.000% due 05/01/2046 | 1000 | 1041 |
| **New York Energy Finance Development Corp. Revenue Bonds, Series 2025**<br>5.000% due 07/01/2056 | 685 | 700 |
| **New York Liberty Development Corp. Revenue Bonds, Series 2014**<br>5.000% due 11/15/2044 | 1000 | 1000 |
| **New York State Dormitory Authority Revenue Bonds, Series 2025**<br>5.000% due 07/01/2036 | 660 | 719 |
| **New York State Dormitory Authority Revenue Bonds, Series 2026**<br>5.000% due 03/15/2053 | 700 | 718 |
| **New York State Thruway Authority Revenue Bonds, Series 2025**<br>5.000% due 03/15/2049 | 3030 | 3138 |
| **New York Transportation Development Corp. Revenue Bonds, (BAM Insured), Series 2024**<br>5.500% due 06/30/2060 | 1000 | 1025 |
| **New York Transportation Development Corp. Revenue Bonds, Series 2020**<br>5.000% due 10/01/2040 | 2000 | 2029 |
| **New York Transportation Development Corp. Revenue Bonds, Series 2025**<br>6.000% due 06/30/2059 | 750 | 787 |
| **Onondaga Civic Development Corp. New York Revenue Bonds, Series 2024**<br>5.375% due 08/01/2054 | 1000 | 909 |
| **Port Authority of New York & New Jersey Revenue Bonds, Series 2022**<br>5.250% due 08/01/2047 | 1000 | 1043 |
| **Suffolk Tobacco Asset Securitization Corp. New York Revenue Bonds, Series 2021**<br>0.000% due 06/01/2066 (c) | 2000 | 170 |
| **Westchester County, New York Local Development Corp. Revenue Bonds, Series 2025**<br>7.500% due 11/01/2055 (f) | 500 | 550 |
|  |  | 28485 |
| **OHIO 3.8%** |  |  |
| **Buckeye Tobacco Settlement Financing Authority, Ohio Revenue Bonds, Series 2020** |  |  |
| 0.000% due 06/01/2057 (c) | 11300 | 827 |
| 4.000% due 06/01/2048 | 400 | 335 |
| 5.000% due 06/01/2055 | 5400 | 4361 |
| **Cuyahoga County, Ohio Revenue Bonds, Series 2017** |  |  |
| 5.000% due 02/15/2057 | 1155 | 1033 |
| 5.500% due 02/15/2057 | 510 | 494 |
| **Dayton-Montgomery County, Ohio Port Authority Revenue Bonds, Series 2025**<br>6.625% due 01/01/2045 | 200 | 210 |
| **Lancaster Port Authority, Ohio Revenue Bonds, Series 2024**<br>5.000% due 02/01/2055 | 150 | 158 |
| **Ohio Air Quality Development Authority Revenue Bonds, Series 2019**<br>5.000% due 07/01/2049 | 750 | 680 |
| **Ohio Housing Finance Agency Revenue Bonds, (GNMA/FNMA/FHLMC Insured), Series 2024**<br>6.250% due 03/01/2055 | 675 | 740 |
| **Ohio Housing Finance Agency Revenue Bonds, (GNMA/FNMA/FHLMC Insured), Series 2025**<br>4.550% due 09/01/2045 | 1000 | 992 |
| **Ohio Housing Finance Agency Revenue Bonds, Series 2024**<br>6.000% due 01/01/2045 | 250 | 252 |
| **Ohio Housing Finance Agency Revenue Bonds, Series 2025** |  |  |
| 6.100% due 01/01/2046 | 500 | 506 |
| 6.250% due 01/01/2045 | 400 | 413 |
| 6.300% due 01/01/2045 | 500 | 509 |
| 6.375% due 01/01/2045 | 250 | 260 |
| 6.500% due 01/01/2045 | 200 | 206 |
| **Port of Greater Cincinnati Development Authority, Ohio Revenue Bonds, Series 2025**<br>6.500% due 01/01/2045 | 300 | 313 |
|  |  | 12289 |
| **OREGON 0.2%** |  |  |
| **Multnomah County School District 40, Oregon General Obligation Bonds, Series 2023**<br>0.000% due 06/15/2038 (c) | 750 | 438 |
| **University of Oregon Revenue Bonds, Series 2020**<br>5.000% due 04/01/2050 | 200 | 204 |
|  |  | 642 |
| **PENNSYLVANIA 3.4%** |  |  |
| **Bucks County, Pennsylvania Industrial Development Authority Revenue Bonds, Series 2021** |  |  |
| 4.000% due 07/01/2046 | 275 | 243 |
| 4.000% due 07/01/2051 | 800 | 672 |
| 5.000% due 07/01/2040 | 1250 | 1277 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series TE(Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.000% due 07/01/2054 | 200 | 196 |
| **Lancaster County Hospital Authority, Pennsylvania Revenue Bonds, Series 2021**<br>5.000% due 11/01/2046 | 45 | 46 |
| **Lancaster Municipal Authority, Pennsylvania Revenue Bonds, Series 2024**<br>5.000% due 05/01/2054 | 400 | 388 |
| **Lehigh County, Pennsylvania Revenue Bonds, (AGC/CR Insured), Series 2019**<br>4.000% due 07/01/2049 | 500 | 430 |
| **Montgomery County Industrial Development Authority, Pennsylvania Revenue Bonds, Series 2024**<br>5.000% due 11/01/2044 | 150 | 143 |
| **Moon Industrial Development Authority, Pennsylvania Revenue Bonds, Series 2015**<br>6.000% due 07/01/2045 | 1000 | 1000 |
| **Pennsylvania Economic Development Financing Authority Revenue Bonds, Series 2022**<br>6.000% due 06/30/2061 | 1000 | 1044 |
| **Pennsylvania Economic Development Financing Authority Revenue Bonds, Series 2025**<br>5.000% due 03/15/2060 | 1000 | 1088 |
| **Pennsylvania Higher Educational Facilities Authority Revenue Bonds, Series 2019**<br>5.000% due 08/15/2049 | 500 | 509 |
| **Pennsylvania Housing Finance Agency Revenue Bonds, (FNMA Insured), Series 2025**<br>4.900% due 06/01/2041 | 997 | 1002 |
| **Pennsylvania Turnpike Commission Revenue Bonds, Series 2024**<br>5.000% due 12/01/2049 | 1515 | 1575 |
| **Pennsylvania Turnpike Commission Revenue Bonds, Series 2026**<br>5.000% due 12/01/2051 | 1500 | 1555 |
|  |  | 11168 |
| **PUERTO RICO 3.6%** |  |  |
| **Children's Trust Fund, Puerto Rico Revenue Bonds, Series 2005**<br>0.000% due 05/15/2050 (c) | 2000 | 399 |
| **Commonwealth of Puerto Rico Bonds, Series 2022** |  |  |
| 0.000% due 11/01/2043 | 777 | 521 |
| 0.000% due 11/01/2051 | 4534 | 2620 |
| **GDB Debt Recovery Authority of Puerto Rico Revenue Bonds, Series 2018**<br>7.500% due 08/20/2040 | 1238 | 1215 |
| **Puerto Rico Electric Power Authority Revenue Bonds, (AGM Insured), Series 2007**<br>3.148% (0.67\*US0003M + 0.520%) due 07/01/2029 ~ | 735 | 718 |
| **Puerto Rico Electric Power Authority Revenue Bonds, Series 2010**<br>5.250% due 07/01/2040 ^(a) | 1150 | 765 |
| **Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue Bonds, Series 2018** |  |  |
| 0.000% due 07/01/2046 (c) | 1730 | 609 |
| 0.000% due 07/01/2051 (c) | 17345 | 4446 |
| **Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue Bonds, Series 2019**<br>4.550% due 07/01/2040 | 500 | 499 |
|  |  | 11792 |
| **RHODE ISLAND 0.7%** |  |  |
| **Tobacco Settlement Financing Corp. Rhode Island Revenue Bonds, Series 2015** |  |  |
| 5.000% due 06/01/2040 | 1000 | 1000 |
| 5.000% due 06/01/2050 | 1250 | 1225 |
|  |  | 2225 |
| **SOUTH CAROLINA 1.0%** |  |  |
| **County of Lancaster, South Carolina Special Assessment Revenue Bonds, Series 2025**<br>6.000% due 06/01/2045 | 500 | 518 |
| **South Carolina Jobs-Economic Development Authority Revenue Bonds, Series 2025**<br>5.625% due 10/01/2050 | 650 | 644 |
| **South Carolina Public Service Authority Revenue Bonds, Series 2024** |  |  |
| 5.250% due 12/01/2049 | 200 | 210 |
| 5.500% due 12/01/2054 | 625 | 661 |
| **Spartanburg Regional Health Services District, South Carolina Revenue Bonds, Series 2017**<br>5.000% due 04/15/2048 | 1200 | 1208 |
|  |  | 3241 |
| **TENNESSEE 0.3%** |  |  |
| **Tennessee Housing Development Agency Revenue Bonds, (GNMA/FNMA/FHLMC Insured), Series 2025**<br>6.000% due 01/01/2056 | 995 | 1089 |
| **TEXAS 12.0%** |  |  |
| **Arlington Higher Education Finance Corp. Texas Revenue Bonds, (PSF Insured), Series 2025**<br>4.500% due 08/15/2050 | 1000 | 961 |
| **Athens Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2025**<br>5.000% due 02/15/2055 | 500 | 511 |
| **Austin Housing Finance Corp. Texas Revenue Bonds, Series 2024**<br>3.400% due 11/01/2042 | 100 | 101 |
| **Brazoria County, Texas Industrial Development Corp. Revenue Bonds, Series 2023**<br>12.000% due 06/01/2043 ^(a) | 73 | 4 |
| **Calhoun County, Texas Navigation Industrial Development Authority Revenue Notes, Series 2021**<br>3.625% due 07/01/2026 | 250 | 248 |
| **Celina, Texas Special Assessment Bonds, Series 2024**<br>5.500% due 09/01/2054 | 500 | 507 |
| **City of Lavon, Texas, Special Assessment Revenue Bonds, Series 2025**<br>5.750% due 09/15/2045 | 875 | 904 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series TE(Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Club Municipal Management District No 1, Texas Special Assessment Bonds, Series 2024**<br>5.100% due 09/01/2044 | 350 | 352 |
| **Dallas Fort Worth International Airport, Texas Revenue Bonds, Series 2025**<br>5.250% due 11/01/2043 | 1000 | 1069 |
| **Dallas Housing Finance Corp. Texas Revenue Bonds, Series 2022**<br>6.000% due 12/01/2062 | 250 | 232 |
| **Denton Essential Investments Public Facility Corp.** |  |  |
| 6.125% due 12/31/2055 | 1250 | 1276 |
| 7.095% due 06/01/2059 «~ | 520 | 524 |
| 7.095% due 06/02/2059 «~ | 1620 | 1642 |
| **Denton Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2023**<br>5.000% due 08/15/2053 | 500 | 509 |
| **Denton, Texas Essential Investments Public Facility Corp.**<br>6.697% due 01/01/2043 « | 300 | 295 |
| **EP Essential Housing WF PFC, Texas Revenue Notes, Series 2024**<br>4.250% due 12/01/2034 | 400 | 392 |
| **Frenship Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2025**<br>5.000% due 02/15/2055 | 1000 | 1029 |
| **Grand Parkway Transportation Corp. Texas Revenue Bonds, Series 2018**<br>5.000% due 10/01/2043 | 1000 | 1021 |
| **Houston, Texas Airport System Revenue Bonds, Series 2024**<br>5.500% due 07/15/2036 | 2150 | 2268 |
| **Houston, Texas Airport System Revenue Notes, Series 2024**<br>5.250% due 07/15/2034 | 300 | 315 |
| **Jarrell Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2023**<br>5.000% due 02/15/2053 | 600 | 611 |
| **Leander Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2025**<br>5.000% due 08/15/2055 | 2000 | 2051 |
| **Liberty Hill Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2025**<br>5.000% due 02/01/2055 | 2000 | 2046 |
| **Lower Colorado River Authority, Texas Revenue Bonds, Series 2025**<br>5.000% due 05/15/2050 | 200 | 204 |
| **Manor Housing Public Facility Corp. Texas Revenue Bonds, Series 2024**<br>3.400% due 11/01/2042 | 200 | 201 |
| **Matagorda County, Texas Navigation District No 1, Revenue Bonds, Series 2001**<br>2.600% due 11/01/2029 | 500 | 487 |
| **Medina County, Texas Special Assessment Bonds, Series 2026**<br>5.450% due 09/01/2046 | 600 | 592 |
| **New Hope Cultural Education Facilities Finance Corp. Texas Revenue Bonds, Series 2016** |  |  |
| 4.000% due 07/01/2031 ^(a) | 260 | 203 |
| 4.000% due 07/01/2036 ^(a) | 915 | 872 |
| 4.250% due 07/01/2036 ^(a) | 920 | 718 |
| 4.750% due 07/01/2051 ^(a) | 50 | 37 |
| 5.000% due 07/01/2046 ^(a) | 300 | 286 |
| 5.000% due 07/01/2051 ^(a) | 100 | 95 |
| **New Hope Cultural Education Facilities Finance Corp. Texas Revenue Bonds, Series 2025** |  |  |
| 5.000% due 11/01/2055 | 500 | 483 |
| 5.000% due 11/01/2060 | 1000 | 955 |
| **North Texas Municipal Water District Water System Revenue Bonds, Series 2025**<br>5.000% due 09/01/2044 | 2000 | 2137 |
| **Pilot Point, Texas Special Assessment Bonds, Series 2025**<br>6.125% due 09/15/2045 | 680 | 706 |
| **Princeton, Texas Special Assessment Bonds, Series 2025**<br>5.375% due 09/01/2045 | 420 | 421 |
| **Princeton, Texas Special Assessment Notes, Series 2024**<br>4.250% due 09/01/2031 | 261 | 264 |
| **Royse City Independent School District, Texas General Obligation Bonds, (PSF Insured), Series 2024**<br>5.000% due 02/15/2054 | 200 | 204 |
| **Tarrant County, Texas Cultural Education Facilities Finance Corp. Revenue Bonds, Series 2020**<br>6.875% due 11/15/2055 | 200 | 187 |
| **Tarrant County, Texas Cultural Education Facilities Finance Corp. Revenue Bonds, Series 2025**<br>5.000% due 11/15/2049 | 500 | 513 |
| **Tarrant County, Texas Cultural Education Facilities Finance Corp. Revenue Bonds, Series 2026** |  |  |
| 2.550% due 11/15/2063 | 5000 | 5000 |
| 2.700% due 11/15/2063 | 1500 | 1500 |
| **Texas Municipal Gas Acquisition & Supply Corp. Revenue Bonds, Series 2006**<br>4.087% (TSFR3M) due 12/15/2026 ~ | 500 | 500 |
| **Texas Transportation Finance Corp. Revenue Bonds, Series 2025**<br>5.000% due 10/01/2050 | 3600 | 3717 |
|  |  | 39150 |
| **UTAH 1.9%** |  |  |
| **Downtown Revitalization Public Infrastructure District, Utah Revenue Bonds, (AGC Insured), Series 2025**<br>5.000% due 06/01/2040 | 1000 | 1089 |
| **Downtown Revitalization Public Infrastructure District, Utah Revenue Notes, Series 2025**<br>5.000% due 07/15/2035 | 1300 | 1305 |
| **Mida Mountain Village Public Infrastructure District, Utah Tax Allocation Bonds, Series 2024** |  |  |
| 5.500% due 06/15/2039 | 500 | 511 |
| 6.000% due 06/15/2054 | 1000 | 1020 |
| **Mida Mountain Village Public Infrastructure District, Utah Tax Allocation Bonds, Series 2025**<br>5.500% due 06/01/2050 | 500 | 502 |
| **Salt Lake City, Utah Airport Revenue Bonds, (AGM/CR Insured), Series 2021**<br>4.000% due 07/01/2051 | 1000 | 864 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series TE(Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **UIPA Crossroads Public Infrastructure District, Utah Tax Allocation Bonds, Series 2021**<br>4.375% due 06/01/2052 | 1000 | 904 |
|  |  | 6195 |
| **VERMONT 0.1%** |  |  |
| **Vermont Economic Development Authority Revenue Bonds, Series 2022**<br>4.375% due 06/01/2052 | 250 | 255 |
| **VIRGINIA 0.4%** |  |  |
| **Farms New Kent Community Development Authority, Virginia Special Assessment Bonds, Series 2021**<br>3.750% due 03/01/2036 | 335 | 323 |
| **Virginia Small Business Financing Authority Revenue Bonds, Series 2024**<br>5.000% due 12/01/2039 | 1000 | 1055 |
|  |  | 1378 |
| **WASHINGTON 1.4%** |  |  |
| **Snohomish County, Washington Housing Authority Revenue Bonds, Series 2019**<br>4.000% due 04/01/2044 | 1000 | 922 |
| **Washington Health Care Facilities Authority Revenue Notes, Series 2025**<br>5.000% due 10/01/2035 | 340 | 376 |
| **Washington State General Obligation Bonds, Series 2026**<br>5.000% due 06/01/2050 | 1675 | 1751 |
| **Washington State Housing Finance Commission Revenue Bonds, Series 2024**<br>6.000% due 07/01/2059 | 500 | 503 |
| **Washington State Housing Finance Commission Revenue Bonds, Series 2025** |  |  |
| 3.685% due 11/20/2041 | 199 | 183 |
| 6.000% due 01/01/2046 | 700 | 704 |
| 7.000% due 07/01/2064 | 100 | 103 |
|  |  | 4542 |
| **WEST VIRGINIA 0.3%** |  |  |
| **Tobacco Settlement Finance Authority, West Virginia Revenue Bonds, Series 2007**<br>0.000% due 06/01/2047 (c) | 1000 | 93 |
| **West Virginia Economic Development Authority Revenue Bonds, Series 2025**<br>5.450% due 01/01/2055 | 900 | 978 |
|  |  | 1071 |
| **WISCONSIN 1.4%** |  |  |
| **Public Finance Authority, Wisconsin Revenue Bonds, Series 2017**<br>6.750% due 08/01/2031 | 1000 | 700 |
| **Public Finance Authority, Wisconsin Revenue Bonds, Series 2021**<br>0.000% due 01/01/2061 (c) | 1900 | 151 |
| **Public Finance Authority, Wisconsin Revenue Bonds, Series 2024**<br>5.000% due 12/15/2044 | 290 | 281 |
| **Public Finance Authority, Wisconsin Revenue Bonds, Series 2025** |  |  |
| 5.250% due 06/15/2045 | 550 | 551 |
| 5.750% due 12/31/2065 | 1250 | 1277 |
| **Public Finance Authority, Wisconsin Revenue Notes, Series 2023**<br>0.000% due 09/01/2029 (c) | 171 | 133 |
| **Wisconsin Health & Educational Facilities Authority Revenue Bonds, Series 2018**<br>4.500% due 07/01/2043 | 100 | 91 |
| **Wisconsin Health & Educational Facilities Authority Revenue Bonds, Series 2024**<br>5.875% due 07/01/2055 | 300 | 298 |
| **Wisconsin Health & Educational Facilities Authority Revenue Bonds, Series 2025**<br>6.250% due 11/15/2055 | 600 | 590 |
| **Wisconsin Health & Educational Facilities Authority Revenue Notes, Series 2025**<br>5.625% due 07/01/2035 | 575 | 605 |
|  |  | 4677 |
| Total Municipal Bonds & Notes (Cost $259,528) |  | 262041 |
| **U.S. GOVERNMENT AGENCIES 1.8%** |  |  |
| **Federal Home Loan Mortgage Corp.** |  |  |
| 3.800% due 01/01/2040 | 979 | 934 |
| 3.850% due 07/01/2039 - 01/01/2040 | 1486 | 1417 |
| 4.250% due 08/01/2038 | 987 | 988 |
| 4.370% due 03/01/2040 | 489 | 492 |
| 4.900% due 02/01/2040 | 492 | 518 |
| 5.210% due 08/01/2040 | 295 | 321 |
| **Federal Home Loan Mortgage Corp. Multifamily ML Certificates** |  |  |
| 2.802% due 04/25/2043 ~ | 195 | 168 |
| 2.951% due 01/25/2039 ~ | 700 | 466 |
| 3.198% due 01/25/2043 ~ | 300 | 200 |
| 4.979% due 01/25/2042 ~ | 300 | 243 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series TE(Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Federal Home Loan Mortgage Corp. Multifamily Variable Rate Certificate**<br>4.269% due 07/15/2040 •  | 243 | 248 |
| Total U.S. Government Agencies (Cost $5,877) |  | 5995 |
| **U.S. TREASURY OBLIGATIONS 7.0%** |  |  |
| **U.S. Treasury Notes** |  |  |
| 3.375% due 02/29/2028 | 8100 | 8037 |
| 3.500% due 02/28/2031 | 6600 | 6473 |
| 4.125% due 03/31/2031 | 600 | 604 |
| 4.250% due 02/28/2031 | 3200 | 3242 |
| 4.625% due 04/30/2031 | 4100 | 4222 |
| Total U.S. Treasury Obligations (Cost $22,588) |  | 22578 |
|  | SHARES |  |
| **COMMON STOCKS 0.0%** |  |  |
| **INDUSTRIALS 0.0%** |  |  |
| **AM Bidco Holdings LLC** **(b)** | 6 | 0 |
| Total Common Stocks (Cost $0) |  | 0 |
| **SHORT-TERM INSTRUMENTS 0.0%** |  |  |
| **MUTUAL FUNDS 0.0%** |  |  |
| **State Street Institutional U.S. Government Money Market Fund, Premier Class** |  |  |
| 3.720% (e) | 38756 | 39 |
| Total Short-Term Instruments (Cost $39) |  | 39 |
| Total Investments in Securities (Cost $293,849) |  | 296424 |
| **INVESTMENTS IN AFFILIATES 8.0%** |  |  |
| **SHORT-TERM INSTRUMENTS 8.0%** |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 8.0%** |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 2676906 | 26070 |
| Total Short-Term Instruments (Cost $26,069) |  | 26070 |
| Total Investments in Affiliates (Cost $26,069) |  | 26070 |
| Total Investments 99.2% (Cost $319,918) |  | $322494 |
| Other Assets and Liabilities, net 0.8% |  | 2628 |
| Net Assets 100.0% |  | $325122 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series TE(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:**  |
| **\* 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.** |
| **^** | **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).** |
| **µ** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** |
| **~** | **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.** |
| **(a)** | **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.** |
| **(b)** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** |
| **(c)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(d)** | **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.** |
| **(e)** | **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.** |
| **(f)** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** |
| Issuer Description | Coupon | Coupon | Maturity<br>Date | Acquisition<br>Date | Cost | Market Value<br>as Percentage<br>of Net Assets |
| AM Bidco Operations LLC | 0.000 | % | 10/21/2027 | 04/01/2026 | 134 | 0.04 |
| Westchester County, New York Local Development Corp. Revenue Bonds, Series 2025 | 7.500 |  | 11/01/2055 | 08/25/2025 | 500 | 0.17 |
|  |  |  |  | $ | $ | 0.21%  |
| **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 Portfolio'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 Portfolio'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 Portfolio'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 Portfolio'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 Portfolio'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 Portfolio'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 Portfolio's assets and liabilities**: |
| Category and Subcategory | Category and Subcategory | Level 1 | Level 1 | Level 2 | Level 3 | 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** |
| Loan Participations and Assignments | Loan Participations and Assignments | $ | $0 | 0 | 4909 | 4909 |
| 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 | 147 | 147 |
| Industrials | Industrials |  | 0 | 715 | 0 | 715 |
| Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes |
| Alabama | Alabama |  | 0 | 13388 | 0 | 13388 |
| Alaska | Alaska |  | 0 | 484 | 0 | 484 |
| Arizona | Arizona |  | 0 | 1783 | 0 | 1783 |
| Arkansas | Arkansas |  | 0 | 3523 | 0 | 3523 |
| California | California |  | 0 | 15669 | 0 | 15669 |
| Colorado | Colorado |  | 0 | 12116 | 0 | 12116 |
| District of Columbia | District of Columbia |  | 0 | 3762 | 0 | 3762 |
| Florida | Florida |  | 0 | 29018 | 0 | 29018 |
| Georgia | Georgia |  | 0 | 4434 | 0 | 4434 |
| Idaho | Idaho |  | 0 | 579 | 0 | 579 |
| Illinois | Illinois |  | 0 | 12591 | 0 | 12591 |
| Indiana | Indiana |  | 0 | 2069 | 0 | 2069 |
| Iowa | Iowa |  | 0 | 2226 | 0 | 2226 |
| Kentucky | Kentucky |  | 0 | 1475 | 0 | 1475 |
| Louisiana | Louisiana |  | 0 | 1418 | 0 | 1418 |
| Maine | Maine |  | 0 | 963 | 0 | 963 |
| Maryland | Maryland |  | 0 | 1178 | 0 | 1178 |
| Massachusetts | Massachusetts |  | 0 | 7339 | 0 | 7339 |
| Michigan | Michigan |  | 0 | 2553 | 0 | 2553 |
| Minnesota | Minnesota |  | 0 | 3923 | 0 | 3923 |
| Missouri | Missouri |  | 0 | 977 | 0 | 977 |
| Multi-State | Multi-State |  | 0 | 5242 | 0 | 5242 |
| Nevada | Nevada |  | 0 | 442 | 0 | 442 |
| New Hampshire | New Hampshire |  | 0 | 3265 | 0 | 3265 |
| New Jersey | New Jersey |  | 0 | 2956 | 0 | 2956 |
| New Mexico | New Mexico |  | 0 | 469 | 0 | 469 |
| New York | New York |  | 0 | 28485 | 0 | 28485 |
| Ohio | Ohio |  | 0 | 12289 | 0 | 12289 |
| Oregon | Oregon |  | 0 | 642 | 0 | 642 |
| Pennsylvania | Pennsylvania |  | 0 | 11168 | 0 | 11168 |
| Puerto Rico | Puerto Rico |  | 0 | 11792 | 0 | 11792 |
| Rhode Island | Rhode Island |  | 0 | 2225 | 0 | 2225 |

---

------

<br> Schedule of Investments PIMCO Fixed Income SHares: Series TE(Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | South Carolina | South Carolina | South Carolina | South Carolina | South Carolina | South Carolina | 0 | 0 | 0 | 0 | 3241 | 3241 | 0 | 0 |  |  |  | 3241 |  |  |
|  | Tennessee | Tennessee | Tennessee | Tennessee | Tennessee | Tennessee | 0 | 0 | 0 | 0 | 1089 | 1089 | 0 | 0 |  |  |  | 1089 |  |  |
|  | Texas | Texas | Texas | Texas | Texas | Texas | 0 | 0 | 0 | 0 | 36689 | 36689 | 2461 | 2461 |  |  |  | 39150 |  |  |
|  | Utah | Utah | Utah | Utah | Utah | Utah | 0 | 0 | 0 | 0 | 6195 | 6195 | 0 | 0 |  |  |  | 6195 |  |  |
|  | Vermont | Vermont | Vermont | Vermont | Vermont | Vermont | 0 | 0 | 0 | 0 | 255 | 255 | 0 | 0 |  |  |  | 255 |  |  |
|  | Virginia | Virginia | Virginia | Virginia | Virginia | Virginia | 0 | 0 | 0 | 0 | 1378 | 1378 | 0 | 0 |  |  |  | 1378 |  |  |
|  | Washington | Washington | Washington | Washington | Washington | Washington | 0 | 0 | 0 | 0 | 4542 | 4542 | 0 | 0 |  |  |  | 4542 |  |  |
|  | West Virginia | West Virginia | West Virginia | West Virginia | West Virginia | West Virginia | 0 | 0 | 0 | 0 | 1071 | 1071 | 0 | 0 |  |  |  | 1071 |  |  |
|  | Wisconsin | Wisconsin | Wisconsin | Wisconsin | Wisconsin | Wisconsin | 0 | 0 | 0 | 0 | 4677 | 4677 | 0 | 0 |  |  |  | 4677 |  |  |
| U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | 0 | 0 | 0 | 0 | 5995 | 5995 | 0 | 0 |  |  |  | 5995 |  |  |
| U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 0 | 0 | 0 | 22578 | 22578 | 0 | 0 |  |  |  | 22578 |  |  |
| 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 | 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 | Mutual Funds | Mutual Funds | Mutual Funds | Mutual Funds | 0 | 0 | 0 | 0 | 39 | 39 | 0 | 0 |  |  |  | 39 |  |  |
|  |  |  |  |  |  |  | $0 | 0 | 0 | 0 | $288907 | 288907 | $7517 | 7517 | $ | $ | $ | 296424 |  |  |
| **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** | **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 | 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 | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | $26070 | 26070 | 26070 | 26070 | $0 | 0 | $0 | 0 | $ | $ | $ | 26070 |  |  |
| Total Investments | Total Investments | Total Investments | Total Investments | Total Investments | Total Investments | Total Investments | $26070 | 26070 | 26070 | 26070 | $288907 | 288907 | $7517 | 7517 | $ | $ | $ | 322494 |  |  |
| **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Portfolio during the period ended March 31, 2026:** |
| Category and Subcategory | Category and Subcategory | Beginning<br>Balance<br>at 12/31/2025 | Net<br>Purchases | Net<br>Sales/Settlements | Net<br>Sales/Settlements | Accrued<br>Discounts/<br>(Premiums) | Accrued<br>Discounts/<br>(Premiums) | Accrued<br>Discounts/<br>(Premiums) | Realized<br>Gain/(Loss) | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(1)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(1)</sup> | Transfers into<br>Level 3 | Transfers into<br>Level 3 | Transfers out<br>of Level 3 | Transfers out<br>of Level 3 | Transfers out<br>of Level 3 | Ending<br>Balance<br>at 03/31/2026 | 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>(1)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>03/31/2026<sup>(1)</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** | **Investments in Securities, at Value** |
| Loan Participations and Assignments | Loan Participations and Assignments | 7279 | 3 | $ | $(2365) | $ | 3 | $ | $(1) | $ | (10) | $0 | 0 | $0 | 0 | 0 | $ | 4909 | $ | (10) |
| Corporate Bonds & Notes | Corporate Bonds & Notes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Banking & Finance | Banking & Finance | 147 | 0 |  | 3 |  | 0 |  | 0 |  | (3) | 0 | 0 | 0 | 0 | 0 |  | 147 |  | (2) |
| Municipal Bonds & Notes<sup>(2)</sup> | Municipal Bonds & Notes<sup>(2)</sup> |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Texas | Texas | 2467 | 0 |  | 0 |  | 0 |  | 0 |  | (6) | 0 | 0 | 0 | 0 | 0 |  | 2461 |  | (6) |
| Totals | Totals | 9893 | 3 | $ | $(2362) | $ | 3 | $ | $(1) | $ | (19) | $0 | 0 | $0 | 0 | 0 | $ | 7517 | $ | (18) |
| <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:** | <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) | (% Unless Noted Otherwise) |
| 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;&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 | 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** | **Investments in Securities, at Value** |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | $128 | 128 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies | &nbsp;&nbsp;&nbsp;&nbsp; Revenue Multiple | &nbsp;&nbsp;&nbsp;&nbsp; Revenue Multiple | &nbsp;&nbsp;&nbsp;&nbsp; Revenue Multiple | &nbsp;&nbsp;&nbsp;&nbsp; Revenue Multiple | X | 1.800 | 1.800 | 1.800 | 1.800 | 1.800 |
|  |  |  | 4781 | 4781 | &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;&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 |  | 7.590 | 7.590 | 7.590 | 7.590 | 7.590 |
| 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 | Corporate Bonds & Notes |
| Banking & Finance | Banking & Finance | Banking & Finance | 147 | 147 | &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;&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 |  | 24.718 | 24.718 | 24.718 | 24.718 | 24.718 |
| Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes |
| Texas | Texas | Texas | 2461 | 2461 | &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;&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 |  | 6.640 - 8.400 | 6.640 - 8.400 | 6.640 - 8.400 | 7.062 | 7.062 |
| Total | Total | Total | $7517 | 7517 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| <sup>(1)</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. | 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>(2)</sup> | Security type updated from Loan Participations and Assignments to Municipal Bonds & Notes since prior fiscal year end. | Security type updated from Loan Participations and Assignments to Municipal Bonds & Notes since prior fiscal year end. | Security type updated from Loan Participations and Assignments to Municipal Bonds & Notes since prior fiscal year end. | Security type updated from Loan Participations and Assignments to Municipal Bonds & Notes since prior fiscal year end. | Security type updated from Loan Participations and Assignments to Municipal Bonds & Notes since prior fiscal year end. | Security type updated from Loan Participations and Assignments to Municipal Bonds & Notes since prior fiscal year end. | Security type updated from Loan Participations and Assignments to Municipal Bonds & Notes since prior fiscal year end. | Security type updated from Loan Participations and Assignments to Municipal Bonds & Notes since prior fiscal year end. | Security type updated from Loan Participations and Assignments to Municipal Bonds & Notes since prior fiscal year end. | Security type updated from Loan Participations and Assignments to Municipal Bonds & Notes since prior fiscal year end. | Security type updated from Loan Participations and Assignments to Municipal Bonds & Notes since prior fiscal year end. | Security type updated from Loan Participations and Assignments to Municipal Bonds & Notes since prior fiscal year end. | Security type updated from Loan Participations and Assignments to Municipal Bonds & Notes since prior fiscal year end. | Security type updated from Loan Participations and Assignments to Municipal Bonds & Notes since prior fiscal year end. | Security type updated from Loan Participations and Assignments to Municipal Bonds & Notes since prior fiscal year end. | Security type updated from Loan Participations and Assignments to Municipal Bonds & Notes since prior fiscal year end. | Security type updated from Loan Participations and Assignments to Municipal Bonds & Notes since prior fiscal year end. | Security type updated from Loan Participations and Assignments to Municipal Bonds & Notes since prior fiscal year end. | Security type updated from Loan Participations and Assignments to Municipal Bonds & Notes since prior fiscal year end. | Security type updated from Loan Participations and Assignments to Municipal Bonds & Notes since prior fiscal year end. |

---

------

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 a Portfolio's shares, or each of their respective share classes, as applicable, is determined by dividing the total value of portfolio investments and other assets attributable to the Portfolio 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, a Portfolio'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 Portfolios or their 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, each Portfolio may calculate its NAV as of the earlier closing time or calculate its NAV as of the NYSE Close for that day. Each Portfolio 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, each Portfolio may calculate its NAV as of the NYSE Close for such day or such other time that each Portfolio 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 a Portfolio 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 Portfolios will normally use pricing data for domestic equity securities received shortly after the NYSE Close and do 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 each Portfolio to perform the fair value determination relating to all Portfolio 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 portfolio investments. The Valuation Designee may value portfolio securities for which market quotations are not readily available and other portfolio 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 a Portfolio's assets that are invested in one or more open-end management investment companies (other than ETFs), the Portfolio'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, a Portfolio 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. A Portfolio 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 a Portfolio is not open for business, which may result in a Portfolio'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 a Portfolio'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 a Portfolio is not open for business. As a result, to the extent that a Portfolio 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 each Portfolio'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 Portfolio may transact.

Fair valuation may require subjective determinations about the value of a security. While the Trust's and Valuation Designee's policies and procedures are intended to result in a calculation of a Portfolio's NAV that fairly reflects security values as of the time of pricing, the Trust cannot ensure that fair values accurately reflect the price that a Portfolio 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 a Portfolio may differ from the value that would be realized if the securities were sold.

**(b) Fair Value Hierarchy** U.S. GAAP describes fair value as the price that a Portfolio 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:

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

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Notes to Financial Statements(Cont.)

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

• 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 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 each respective Portfolio.

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 between fair value Levels ofa Portfolio'sassets 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 each respective Portfolio.

**(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 valued (denominated) in currencies other than the U.S. dollar are converted to the U.S. dollar using exchange rates (currency spot and forward rates) obtained from Pricing Sources. As a result, the NAV of a Portfolio's shares may be affected by changes in the value of currencies in relation to the U.S. dollar. The value of securities 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 Trust is not open for business.

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.

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

------

Notes to Financial Statements(Cont.)

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.

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.

The Comparable Companies model is based on application of valuation multiples from publicly traded comparable companies to the financials of the subject company. Adjustments may be made to the market-derived valuation multiples based on differences between the comparable companies and the subject company. 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.

Securities may be valued based on purchase prices of privately negotiated transactions. 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.<br>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**

Each Portfolio 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.

A Portfolio 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 Adviser has reviewed the Portfolios' tax positions for all open tax years. As of March 31, 2026, the Portfolios have recorded no liability for net unrecognized tax benefits relating to uncertain income tax positions they have taken or expect to take in future tax returns.

The Portfolios file U.S. federal, state and local tax returns as required. The Portfolios' 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**

Each Portfolio may invest in the PIMCO Short Asset Portfolio and the PIMCO Short-Term Floating NAV Portfolio III ("Central Funds") to the extent permitted by theAct, 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 Portfolios. 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 Portfolios' website at www.pimco.com, or upon request, as applicable. The tables below show the Portfolios' transactions in and earnings from these affiliated funds for the period ended March 31, 2026 (amounts in thousands<sup>†</sup>):

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

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Name** | **Market Value<br>12/31/2025** | **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> |
| PIMCO Fixed Income SHares: Series LD | $2246 | $24 | $0 | $0 | $0 | $2270 | $23 | $0 |

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<sup></sup>**Investments in PIMCO Short-Asset Portfolio**

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Name** | **Market Value<br>12/31/2025** | **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> |
| PIMCO Fixed Income SHares: Series C | $38820 | $203833 | $(106500) | $(5) | $(18) | $136130 | $726 | $0 |
| PIMCO Fixed Income SHares: Series LD | 903 | 24006 | (24090) | 0 | 0 | 819 | 7 | 0 |
| PIMCO Fixed Income SHares: Series M | 25960 | 239736 | (107501) | (17) | (11) | 158167 | 825 | 0 |
| PIMCO Fixed Income SHares: Series TE | 14777 | 79504 | (68201) | (7) | (3) | 26070 | 304 | 0 |

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------

Notes to Financial Statements(Cont.)

<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.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **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:** |  |  |  |  |
| **AZD** | Australia and New Zealand Banking Group | **DUB** | Deutsche Bank AG | **MYC** | Morgan Stanley Bank, N.A. |
| **BCY** | Barclays Capital, Inc. | **FAR** | Wells Fargo Bank National Association | **MYI** | Morgan Stanley & Co. International PLC |
| **BOA** | Bank of America N.A. | **GLM** | Goldman Sachs Bank USA | **SBI** | Citigroup Global Markets Ltd. |
| **BOS** | BofA Securities, Inc. | **GST** | Goldman Sachs International | **SCX** | Standard Chartered Bank, London |
| **BPS** | BNP Paribas S.A. | **IND** | Crédit Agricole Corporate and Investment Bank <br> S.A. | **SOG** | Societe Generale Paris |
| **BRC** | Barclays Bank PLC | **JPM** | JP Morgan Chase Bank N.A. | **SSB** | State Street Bank and Trust Co. |
| **BSH** | Banco Santander S.A. - New York Branch | **JPS** | J.P. Morgan Securities LLC | **TDM** | TD Securities (USA) LLC |
| **CBK** | Citibank N.A. | **MBC** | HSBC Bank Plc | **UAG** | UBS AG Stamford |
| **DEU** | Deutsche Bank Securities, Inc. | **MSR** | Morgan Stanley & Co LLC FICC Repo |  |  |
| **Currency Abbreviations:** | **Currency Abbreviations:** |  |  |  |  |
| **AUD** | Australian Dollar | **GBP** | British Pound | **PEN** | Peruvian New Sol |
| **BRL** | Brazilian Real | **IDR** | Indonesian Rupiah | **PLN** | Polish Zloty |
| **CAD** | Canadian Dollar | **ILS** | Israeli Shekel | **SEK** | Swedish Krona |
| **CHF** | Swiss Franc | **INR** | Indian Rupee | **SGD** | Singapore Dollar |
| **CLP** | Chilean Peso | **JPY** | Japanese Yen | **THB** | Thai Baht |
| **CNH** | Chinese Renminbi (Offshore) | **KRW** | South Korean Won | **TRY** | Turkish New Lira |
| **COP** | Colombian Peso | **MXN** | Mexican Peso | **TWD** | Taiwanese Dollar |
| **DKK** | Danish Krone | **NOK** | Norwegian Krone | **USD (or $)** | United States Dollar |
| **EUR** | Euro | **NZD** | New Zealand Dollar | **ZAR** | South African Rand |
| **Exchange Abbreviations:** | **Exchange Abbreviations:** |  |  |  |  |
| **ICE** | IntercontinentalExchange® | **LME** | London Metal Exchange | **OTC** | Over the Counter |
| **Index/Spread Abbreviations:** | **Index/Spread Abbreviations:** |  |  |  |  |
| **Bobl** | Bundesobligation, the German word for federal government bond | **CPURNSA** | Consumer Price All Urban Non-Seasonally <br> Adjusted Index | **SONIA** | Sterling Overnight Interbank Average Rate |
| **Brent** | Brent Crude | **EUR003M** | 3 Month EUR Swap Rate | **SONIO** | Sterling Overnight Interbank Average Rate |
| **CAONREPO** | Canadian Overnight Repo Rate Average | **FRCPXTOB** | France Consumer Price ex-Tobacco Index | **TSFR1M** | Term SOFR 1-Month |
| **CDX.IG** | Credit Derivatives Index - Investment Grade | **MUTKCALM** | Tokyo Overnight Average Rate | **TSFR3M** | Term SOFR 3-Month |
| **CPALEMU** | Euro Area All Items Non-Seasonally Adjusted Index | **SOFR** | Secured Overnight Financing Rate | **UKRPI** | United Kingdom Retail Prices Index |
| **CPI** | Consumer Price Index | **SOFRINDX** | Secured Overnight Financing Rate Index | **US0003M** | ICE 3-Month USD LIBOR |
| **CPTFEMU** | Eurozone HICP ex-Tobacco Index |  |  |  |  |
| **Municipal Bond or Agency Abbreviations:** | **Municipal Bond or Agency Abbreviations:** |  |  |  |  |
| **ACA** | American Capital Access Holding Ltd. | **BAM** | Build America Mutual Assurance | **FNMA** | Federal National Mortgage Association |
| **AGC** | Assured Guaranty Corp. | **CR** | Custodial Receipts | **GNMA** | Government National Mortgage Association |
| **AGM** | Assured Guaranty Municipal | **FHLMC** | Federal Home Loan Mortgage Corp. | **PSF** | Public School Fund |
| **Other Abbreviations:** | **Other Abbreviations:** |  |  |  |  |
| **ABS** | Asset-Backed Security | **CHILIBOR** | Chile Interbank Offered Rate | **RBOB** | Reformulated Blendstock for Oxygenate Blending |
| **ALT** | Alternate Loan Trust | **CLO** | Collateralized Loan Obligation | **REMIC** | Real Estate Mortgage Investment Conduit |
| **BABs** | Build America Bonds | **CMBS** | Collateralized Mortgage-Backed Security | **TBA** | To-Be-Announced |
| **BBR** | Bank Bill Rate | **DAC** | Designated Activity Company | **TBD** | To-Be-Determined |
| **BBSW** | Bank Bill Swap Reference Rate | **EURIBOR** | Euro Interbank Offered Rate | **TBD%** | Interest rate to be determined when loan <br> settles or at the time of funding |
| **BRL-CDI** | Brazil Interbank Deposit Rate | **OAT** | Obligations Assimilables du Trésor | **WTI** | West Texas Intermediate |
| **BTP** | Buoni del Tesoro Poliennali "Long-term Treasury Bond" | **OIS** | Overnight Index Swap |  |  |

---

## 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 Managed Accounts Trust

- **b. Investment Company Act file number:** 811-09721

- **c. CIK number of Registrant:** 0001098605

- **d. LEI of Registrant:** 549300QOE6UAECNZYE02

- **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:** (800) 927-4648

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

- **a. Name of Series:** Fixed Income SHares: Series TE

- **b. EDGAR series identifier (if any):** S000037220

- **c. LEI of Series:** 549300OOPPJ74IOR7443

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

- **a. Date of fiscal year-end:** 2026-12-31

- **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:** $326268305.60

**Total Liabilities:** $2181219.58

**Net Assets:** $324087086.02

**Cash Not Reported:** $14139.33

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 1078.386500 | **1-Year:** 2206.173900 | **5-Year:** 25844.581700 | **10-Year:** 111614.249000 | **30-Year:** 4107.550100

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

- **3-Month:** 27.587800 | **1-Year:** 1277.118800 | **5-Year:** 22641.298900 | **10-Year:** 35639.347100 | **30-Year:** 2344.572600

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000114641 | 0.84%                | 1.73%                | -1.74%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $35522.83                | $972232.13                                 |
| Month 2  | $-12900.95               | $3997195.62                                |
| Month 3  | $-35554.60               | $-6937536.60                               |

**Designated Index Information**

- **Index Name:** 50% Bloomberg 10 Year Municipal Bond Index, 50% Bloomberg Municipal Bond High Yield Total Return Unhedged USD Index

- **Index Identifier:** LM10TR, LMHYTR

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY                         | CALIFORNIA CMNTY CHOICE FING A CCEDEV 05/54 ADJUSTABLE VAR  | CUSIP: 13013JDR4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1055302.00   | 0.33%             | 2054-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| PIONEER RANCH COMMUNITY DEVELOPMENT DISTRICT                            | PIONEER RANCH CDD FL SPL ASSMN PITDEV 05/44 FIXED 5         | CUSIP: 723846AB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    770000 | PA      | $745954.59    | 0.23%             | 2044-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AUSTIN HOUSING FINANCE CORPORATION                                      | AUSTIN TX HSG FIN CORP AUSMFH 11/42 ADJUSTABLE VAR          | CUSIP: 052425HY4<br>LEI: 549300UBTYKESVNBXV64 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100771.26    | 0.03%             | 2042-11-01      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| CITY OF SALT LAKE CITY UT AIRPORT REVENUE                               | SALT LAKE CITY UT ARPT REVENUE SALAPT 07/51 FIXED 4         | CUSIP: 795576LC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $863773.80    | 0.27%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ATHENS INDEPENDENT SCHOOL DISTICT                                       | ATHENS TX INDEP SCH DIST ATHSCD 02/55 FIXED 5               | CUSIP: 047375TH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $510908.65    | 0.16%             | 2055-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IOWA FINANCE AUTHORITY                                                  | IOWA ST FIN AUTH REVENUE IASGEN 01/42 FIXED OID 8           | CUSIP: 46247SCZ5<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    250000 | PA      | $211162.23    | 0.07%             | 2042-01-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP                     | NEW HOPE CULTURAL ED FACS FIN NHPFAC 11/55 FIXED 5          | CUSIP: 64542UHB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $483052.75    | 0.15%             | 2055-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON STATE                                                        | WASHINGTON ST WAS 06/50 FIXED 5                             | CUSIP: 93974FGM9<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1751365.60   | 0.54%             | 2050-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROOKERY COMMUNITY DEVELOPMENT DISTRICT                                  | ROOKERY CDD FL CAPITAL IMPT RE ROODEV 05/44 FIXED OID 5     | CUSIP: 776364AB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $293711.97    | 0.09%             | 2044-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE BUSINESS FINANCE AUTHORITY                                | NATIONAL FIN AUTH NH MUNI CTFS NFADEV 01/41 ADJUSTABLE VAR  | CUSIP: 63607WBF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1558260.20   | 0.48%             | 2041-01-20      | Variable      | 4.17%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY FUTURE TAX SECURED REVENUE | NEW YORK CITY NY TRANSITIONAL NYCGEN 02/50 FIXED 5          | CUSIP: 64972JC89<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4025000 | PA      | $4145425.99   | 1.28%             | 2050-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SECURITIZATION AUTH SOUTHN CAL T                                | TOBACCO SECURITIZATION AUTH ST TOBGEN 06/54 ZEROCPNOID 0    | CUSIP: 888804CU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $357222.40    | 0.11%             | 2054-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CANYONS METROPOLITAN DISTRICT NO 5                                      | CANYONS MET DT 5 B CNYFAC 12/54 FIXED 6.5                   | CUSIP: 139071AZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $246230.73    | 0.08%             | 2054-12-15      | Fixed         | 6.58%                 | No            |                  2 | On Loan: No      |
| DENTON ESSENTIAL INVESTMENTS PFC                                        | BONNIE BRAE FIXED SUBORDINATED TERM LOAN                    | CUSIP: BA000PLS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $523640.00    | 0.16%             | 2059-06-01      | Fixed         | 7.21%                 | No            |                  3 | On Loan: No      |
| AM Bidco Secured                                                        | AM Bidco Secured                                            | CUSIP: BA000R643<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    150752 | PA      | $124855.85    | 0.04%             | 2027-10-21      | Fixed         | 2.67%                 | Yes           |                  3 | On Loan: No      |
| MASSACHUSETTS DEVELOPMENT FINANCE AGENCY                                | MASSACHUSETTS ST DEV FIN AGY R MASDEV 10/48 FIXED 5         | CUSIP: 57584XA27<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $938210.60    | 0.29%             | 2048-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA DEVELOPMENT FINANCE CORPORATION                                 | FLORIDA ST DEV FIN CORP FLSDEV 07/44 FIXED 5                | CUSIP: 340618DR5<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    300000 | PA      | $291940.83    | 0.09%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LIBERTY HILL INDEPENDENT SCHOOL DISTRICT                                | LIBERTY HILL TX INDEP SCH DIST LBHSCD 02/55 FIXED 5         | CUSIP: 530574TY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2046222.40   | 0.63%             | 2055-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO HOUSING FINANCE AGENCY                                             | OHIO ST HSG FIN AGY MF HSG REV OHSMFH 01/45 FIXED 6.5       | CUSIP: 676900XW8<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    200000 | PA      | $206426.76    | 0.06%             | 2045-01-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| VILLAGE COMMUNITY DEVELOPMENT DISTRICT NO 15                            | VILLAGE CDD NO 15 SPL ASSMNT R VGEDEV 05/34 FIXED 4         | CUSIP: 92708KAG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $249972.83    | 0.08%             | 2034-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC MULTIFAMILY 2024-ML26                                       | FREDDIE MAC MULTIFAMILY FRETE 2024 ML26 B                   | CUSIP: 35834CAB7<br>LEI: N/A                  | Long             | ABS-MBS          | MUN               | US        |    700000 | PA      | $465834.92    | 0.14%             | 2039-01-25      | Variable      | 2.95%                 | No            |                  2 | On Loan: No      |
| BALDWIN COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY                         | BALDWIN CNTY AL INDL DEV AUTH BLWPOL 06/55 ADJUSTABLE VAR   | CUSIP: 05786PAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $811838.56    | 0.25%             | 2055-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| SENAC SOUTH METROPOLITAN DISTRICT NO 1                                  | SENAC SOUTH MET DIST  1 CO SESFAC 12/51 FIXED 5.25          | CUSIP: 81685AAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $518524.05    | 0.16%             | 2051-12-01      | Fixed         | 6.14%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH STEWARDSHIP DISTRICT                                     | LAKEWOOD RANCH FL STEWARDSHIP LKRGEN 05/44 FIXED 5.25       | CUSIP: 51265KFY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    580000 | PA      | $593407.51    | 0.18%             | 2044-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GOLDEN STATE TOBACCO SECURITIZATION                                     | GOLDEN ST TOBACCO SECURITIZATI GLDGEN 06/50 FIXED 4.214     | CUSIP: 38122ND66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $75837.54     | 0.02%             | 2050-06-01      | Fixed         | 4.21%                 | No            |                  2 | On Loan: No      |
| MIDTOWN MIAMI COMMUNITY DEVELOPMENT DISTRICT                            | MIDTOWN MIAMI FL CDD SPL ASSMN MDTDEV 05/29 FIXED 5         | CUSIP: 59807PAE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    615000 | PA      | $615307.93    | 0.19%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY                         | CALIFORNIA CMNTY CHOICE FING A CCEDEV 10/55 ADJUSTABLE VAR  | CUSIP: 13013JGR1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    600000 | PA      | $606069.36    | 0.19%             | 2055-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS MUNICIPAL GAS ACQUISITION AND SUPPLY CORPORATION I                | TEXAS ST MUNI GAS ACQUISITION TXSUTL 12/26 FLOATING VAR     | CUSIP: 88256CAX7<br>LEI: 6AZ7FRSNC3ZFPM0Z8L86 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500194.95    | 0.15%             | 2026-12-15      | Floating      | 4.09%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA JOBS COALITION                                           | SOUTH CAROLINA ST JOBS ECON DE SCSDEV 10/50 FIXED OID 5.625 | CUSIP: 837036HG0<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    650000 | PA      | $644112.89    | 0.20%             | 2050-10-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| WASHINGTON HEALTH CARE FACILITIES AUTHORITY                             | WASHINGTON ST HLTH CARE FACS A WASMED 10/35 FIXED 5         | CUSIP: 93978HC94<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |    340000 | PA      | $375789.76    | 0.12%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC MULTIFAMILY 2024-ML25                                       | FREDDIE MAC MULTIFAMILY FRETE 2024 ML25 BCA                 | CUSIP: 30339BAB0<br>LEI: N/A                  | Long             | ABS-MBS          | MUN               | US        |    300000 | PA      | $200248.76    | 0.06%             | 2043-01-25      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| BUCKS COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY                           | BUCKS CNTY PA INDL DEV AUTH HO BUCMED 07/54 FIXED 5         | CUSIP: 11861MBN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $195637.88    | 0.06%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                                   | FED HM LN PC POOL WE6084 FR 02/40 FIXED 4.9                 | CUSIP: 3132YBXM3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    491886 | PA      | $517808.36    | 0.16%             | 2040-02-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP                     | NEW HOPE CULTURAL EDU FACS FIN NHPFAC 07/51 FIXED OID 4.75  | CUSIP: 64542PBX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $37500.00     | 0.01%             | 2051-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY                  | CALIFORNIA STWD CMNTYS DEV AUT CASGEN 08/57 FIXED OID 5.375 | CUSIP: 13080SM84<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    250000 | PA      | $252989.88    | 0.08%             | 2057-08-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| OHIO HOUSING FINANCE AGENCY                                             | OHIO ST HSG FIN AGY RSDL MTGE OHSHSG 09/45 FIXED 4.55       | CUSIP: 67756UCG1<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $991857.10    | 0.31%             | 2045-09-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATE                                                        | CALIFORNIA ST CAS 12/30 FIXED 3.875                         | CUSIP: 13063CXP0<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |    500000 | PA      | $499990.00    | 0.15%             | 2030-12-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY                   | PENNSYLVANIA ST ECON DEV FING PASDEV 06/61 FIXED 6          | CUSIP: 70868YAY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1044292.60   | 0.32%             | 2061-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                                   | FED HM LN PC POOL WE6100 FR 08/38 FIXED 4.25                | CUSIP: 3132YBX50<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    986703 | PA      | $987834.65    | 0.30%             | 2038-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| WASHINGTON STATE HOUSING FINANCE COMMISSION                             | WASHINGTON ST HSG FIN COMMISSI WASHSG 11/41 ADJUSTABLE VAR  | CUSIP: 93978UDU7<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    198860 | PA      | $183456.21    | 0.06%             | 2041-11-20      | Variable      | 4.08%                 | No            |                  2 | On Loan: No      |
| NORTH TEXAS MUNICIPAL WATER DISTRICT WATER SYSTEM REVENUE               | N TEXAS ST MUNI WTR DIST WTR S NRTWTR 09/44 FIXED 5         | CUSIP: 662903J95<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2137034.60   | 0.66%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSCDA COMMUNITY IMPROVEMENT AUTHORITY                                   | CSCDA CMNTY IMPT AUTH CA ESSEN CDAHSG 09/62 INT APROID VAR  | CUSIP: 126292CP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $327272.15    | 0.10%             | 2062-09-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| JEFFERSON COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/MO                    | JEFFERSON CNTY MO INDL DEV AUT JFFMFH 02/43 FIXED 4.45      | CUSIP: 473157BP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    992000 | PA      | $976748.20    | 0.30%             | 2043-02-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC MULTIFAMILY ML CERTIFICATES                                 | FREDDIE MAC MULTIFAMILY FRETE 2024 ML21 AUS                 | CUSIP: 3137HC2E1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | MUN               | US        |    495879 | PA      | $508807.05    | 0.16%             | 2041-08-25      | Fixed         | 4.52%                 | Yes           |                  2 | On Loan: No      |
| AM Bidco                                                                | AM Bidco                                                    | CUSIP: 958ADP902<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         6 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| FLORIDA HIGHER EDUCATIONAL FACILITIES FINANCING AUTHORITY               | HGR EDU FACS FING AUTH FL HGR FLSHGR 07/45 FIXED OID 6      | CUSIP: 42982GAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $609041.58    | 0.19%             | 2045-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BRAZORIA COUNTY INDUSTRIAL DEVELOPMENT CORP                             | BRAZORIA CNTY TX INDL DEV CORP BZIFAC 06/43 FIXED 12        | CUSIP: 10604PAF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     73263 | PA      | $3663.14      | 0.00%             | 2043-06-01      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| PORT OF GREATER CINCINNATI DEVELOPMENT AUTHORITY                        | PORT OF GTR CINCINNATI DEV AUT PRTDEV 01/45 FIXED 6.5       | CUSIP: 73419RAE2<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |    300000 | PA      | $312502.23    | 0.10%             | 2045-01-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HOUSING AUTHORITY OF SNOHOMISH COUNTY                                   | SNOHOMISH CNTY WA HSG AUTH SNOHSG 04/44 FIXED 4             | CUSIP: 83309AFW6<br>LEI: 549300FESB68D2IR7250 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $921918.00    | 0.28%             | 2044-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OHIO HOUSING FINANCE AGENCY                                             | OHIO ST HSG FIN AGY MF HSG REV OHSMFH 01/46 FIXED 6.1       | CUSIP: 676900YJ6<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    500000 | PA      | $505755.45    | 0.16%             | 2046-01-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS DEVELOPMENT FINANCE AGENCY                                | MASSACHUSETTS ST DEV FIN AGY R MASDEV 07/50 FIXED OID 5     | CUSIP: 57585BPA0<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    600000 | PA      | $620357.94    | 0.19%             | 2050-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COUNTY OF LANCASTER SC                                                  | LANCASTER CNTY SC ASSMNT REVEN LANGEN 06/45 FIXED 6         | CUSIP: 514088BM4<br>LEI: 5493004EFQNI7UOCFI47 | Long             | DBT              | MUN               | US        |    500000 | PA      | $518020.60    | 0.16%             | 2045-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MIDA MOUNTAIN VILLAGE PUBLIC INFRASTRUCTURE DISTRICT                    | MIDA MOUNTAIN VLG PUBLIC INFRA MMVDEV 06/39 FIXED 5.5       | CUSIP: 59561UAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $511217.40    | 0.16%             | 2039-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY                                                | PUBLIC FIN AUTH WI STUDENT HSG PUBFIN 06/45 FIXED 5.25      | CUSIP: 74439YFY2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    550000 | PA      | $550916.08    | 0.17%             | 2045-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| OHIO HOUSING FINANCE AGENCY                                             | OHIO ST HSG FIN AGY MF HSG REV OHSMFH 01/45 FIXED 6.3       | CUSIP: 676900YF4<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    500000 | PA      | $509154.65    | 0.16%             | 2045-01-01      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| COUNTY OF MIAMI-DADE FL TRANSIT SYSTEM                                  | MIAMI DADE CNTY FL TRANSIT SAL MIATRN 07/44 FIXED 4         | CUSIP: 59334PGP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $975078.30    | 0.30%             | 2044-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK                 | CALIFORNIA ST INFRASTRUCTURE CASDEV 01/60 ZEROCPNOID 0      | CUSIP: 13034AG95<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $199372.28    | 0.06%             | 2060-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA PUBLIC FINANCE AUTHORITY                                     | CALIFORNIA PUBLIC FIN AUTH REV CASGEN 07/54 FIXED OID 6.25  | CUSIP: 13057EDH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $258072.70    | 0.08%             | 2054-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CITY OF PRINCETON TX                                                    | PRINCETON TX SPL ASSMNT REVENU PRIGEN 09/31 FIXED OID 4.25  | CUSIP: 742400CL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    261000 | PA      | $264063.02    | 0.08%             | 2031-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| RIVERS EDGE III COMMUNITY DEVELOPMENT DISTRICT                          | RIVERS EDGE III CDD FL CAPITAL RVIDEV 05/45 FIXED OID 5.75  | CUSIP: 76882NAK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102955.56    | 0.03%             | 2045-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP                     | NEW HOPE CULTURAL EDU FACS FIN NHPFAC 07/36 FIXED OID 4.25  | CUSIP: 64542PBV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    920000 | PA      | $717600.00    | 0.22%             | 2036-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY FUTURE TAX SECURED REVENUE | NEW YORK CITY NY TRANSITIONAL NYCGEN 05/46 FIXED 5          | CUSIP: 64972JHY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1041400.40   | 0.32%             | 2046-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO HOUSING FINANCE AGENCY                                             | OHIO ST HSG FIN AGY MF HSG REV OHSMFH 01/45 FIXED 6.375     | CUSIP: 676900XS7<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    250000 | PA      | $260022.58    | 0.08%             | 2045-01-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| COLORADO STATE                                                          | COLORADO ST BLDG EXCELLENT SCH COSEDU 03/46 FIXED 4         | CUSIP: 19668QNX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $927507.70    | 0.29%             | 2046-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY                                                | PUBLIC FIN AUTH WI EDU REVENUE PUBEDU 12/44 FIXED 5         | CUSIP: 74442ELU2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    290000 | PA      | $281000.08    | 0.09%             | 2044-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF SHAKOPEE MN SENIOR HOUSING REVENUE                              | SHAKOPEE MN SENIORHSG REVENUE SHAHSG 11/45 FIXED 5.625      | CUSIP: 81919TAD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $253047.58    | 0.08%             | 2045-11-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP                     | NEW HOPE CULTURAL EDU FACS FIN NHPFAC 07/51 FIXED 5         | CUSIP: 64542PAW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $95000.00     | 0.03%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GDB DEBT RECOVERY AUTHORITY OF PUERTO RICO                              | GDB DEBT RECOVERY AUTH OF CMWL PRCDEV 08/40 FIXED OID 7.5   | CUSIP: 36829QAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1238343 | PA      | $1214767.67   | 0.37%             | 2040-08-20      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| FRENSHIP INDEPENDENT SCHOOL DISTRICT                                    | FRENSHIP TX INDEP SCH DIST FHPSCD 02/55 FIXED 5             | CUSIP: 357866K43<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1029020.00   | 0.32%             | 2055-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY                                | ARIZONA INDL DEV AUTH DEV REVE AZSDEV 12/55 FIXED 6.75      | CUSIP: 04052LAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $254193.10    | 0.08%             | 2055-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FINANCING CORP SALES TAX REVENUE                  | PUERTO RICO SALES TAX FING COR PRCGEN 07/51 ZEROCPNOID 0    | CUSIP: 74529JQH1<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |  17345000 | PA      | $4445927.64   | 1.37%             | 2051-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                      | US TREASURY N/B 02/31 3.5                                   | CUSIP: 91282CQD6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6600000 | PA      | $6472382.80   | 2.00%             | 2031-02-28      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FINANCE AUTHORITY                                              | ILLINOIS ST FIN AUTH REVENUE ILSGEN 05/54 FIXED OID 5.25    | CUSIP: 45204EC55<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    100000 | PA      | $81760.38     | 0.03%             | 2054-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LEHIGH CNTY PA                                                          | LEHIGH CNTY PA GEN PURPOSE HOS LEHMED 07/49 FIXED 4         | CUSIP: 52480GDZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $430390.70    | 0.13%             | 2049-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FINANCE AUTHORITY OF MAINE                                              | MAINE ST FIN AUTH SOL WST DISP MESPOL 12/47 ADJUSTABLE VAR  | CUSIP: 56042CAY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $258494.60    | 0.08%             | 2047-12-01      | Variable      | 4.62%                 | No            |                  2 | On Loan: No      |
| ST JOHNSONS CNTY FLA INDL DEV AUTH                                      | SAINT JOHNS CNTY FL INDL DEV A STJMED 12/29 FIXED 4         | CUSIP: 79041LAJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $223769.59    | 0.07%             | 2029-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OHIO HOUSING FINANCE AGENCY                                             | OHIO ST HSG FIN AGY RSDL MTGE OHSHSG 03/55 FIXED 6.25       | CUSIP: 67756UBE7<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    675000 | PA      | $739793.79    | 0.23%             | 2055-03-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| HYDE PARK COMMUNITY DEVELOPMENT DISTRICT NO 1                           | HYDE PARK CDD  1 FL SPL ASSMNT HYDE PK CDD  1 A             | CUSIP: 448642AF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $421631.99    | 0.13%             | 2044-05-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| BUCKEYE TOBACCO SETTLEMENT FINANCING AUTHORITY                          | BUCKEYE OH TOBACCO SETTLEMENT BUCGEN 06/57 ZEROCPNOID 0     | CUSIP: 118217DA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11300000 | PA      | $826463.92    | 0.26%             | 2057-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP                     | NEW HOPE CULTURAL EDU FACS FIN NHPFAC 07/31 FIXED OID 4     | CUSIP: 64542PBU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $202800.00    | 0.06%             | 2031-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VILLAGE OF GILBERTS IL SPECIAL SERVICE AREA NO 24                       | GILBERTS IL SPL SVC AREA  24 S GILFAC 03/34 FIXED 5.375     | CUSIP: 37546QAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    442614 | PA      | $425773.74    | 0.13%             | 2034-03-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| SAN JOAQUIN VALLEY CLEAN ENERGY AUTHORITY                               | SAN JOAQUIN VLY CLEAN ENERGY A SSJUTL 01/56 ADJUSTABLE VAR  | CUSIP: 79811YAK4<br>LEI: 254900VA5DFN33OVGH87 | Long             | DBT              | MUN               | US        |    300000 | PA      | $326946.42    | 0.10%             | 2056-01-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| EDGEWATER WEST COMMUNITY DEVELOPMENT DISTRICT                           | EDGEWATER WEST CDD FL SPL ASSM EDWDEV 05/44 FIXED 5.25      | CUSIP: 28035BAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $493113.65    | 0.15%             | 2044-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LANCASTER PORT AUTHORITY                                                | LANCASTER OH PORT AUTH GAS REV LANUTL 02/55 ADJUSTABLE VAR  | CUSIP: 514401BN7<br>LEI: 5493007EGWLFDZJFF129 | Long             | DBT              | MUN               | US        |    150000 | PA      | $157926.39    | 0.05%             | 2055-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                  | CALIFORNIA ST MUNI FIN AUTH RE CASFIN 01/39 FIXED 6         | CUSIP: 13048VQ27<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    500000 | PA      | $520210.30    | 0.16%             | 2039-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TARRANT COUNTY CULTURAL EDUCATION FACILITIES FINANCE CORPORATION        | TARRANT CNTY TX CULTURAL EDU F TAREDU 11/55 FIXED 6.875     | CUSIP: 87638RKH9<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    200000 | PA      | $187061.68    | 0.06%             | 2055-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| NEW YORK ENERGY FINANCE DEVELOPMENT CORPORATION                         | NEW YORK ENERGY FIN DEV CORP NYEFAC 07/56 ADJUSTABLE VAR    | CUSIP: 64947PAA4<br>LEI: 254900PRGXZMJ912RI65 | Long             | DBT              | MUN               | US        |    685000 | PA      | $699771.82    | 0.22%             | 2056-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON HIGHER EDUCATION FINANCE CORPORATION                          | ARLINGTON TX HGR EDU FIN CORP ARLEDU 08/50 FIXED OID 4.5    | CUSIP: 041807MJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $961317.90    | 0.30%             | 2050-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC MULTIFAMILY 2024-ML27                                       | FREDDIE MAC MULTIFAMILY FRETE 2024 ML27 BUS                 | CUSIP: 35833XAA4<br>LEI: N/A                  | Long             | ABS-MBS          | MUN               | US        |    300000 | PA      | $242863.62    | 0.07%             | 2042-01-25      | Variable      | 4.98%                 | No            |                  2 | On Loan: No      |
| DOMINION WATER & SANITATION DISTRICT                                    | DOMINION WTR   SANTN DIST CO R DOMWTR 12/52 FIXED 5.875     | CUSIP: 25755AAE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1939000 | PA      | $1980953.17   | 0.61%             | 2052-12-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY                         | CALIFORNIA CMNTY CHOICE FING A CCEDEV 11/55 ADJUSTABLE VAR  | CUSIP: 13013JFS0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    440000 | PA      | $449095.33    | 0.14%             | 2055-11-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| BROOKHAVEN LOCAL DEVELOPMENT CORP                                       | BROOKHAVEN NY LOCAL DEV CORP R BRODEV 11/55 FIXED 4         | CUSIP: 113168BL1<br>LEI: 549300384JET720NAQ98 | Long             | DBT              | MUN               | US        |    500000 | PA      | $412742.00    | 0.13%             | 2055-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                    | PUERTO RICO ELEC PWR AUTH 07/40 0                           | CUSIP: 74526YEE1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $764750.00    | 0.24%             | 2040-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT                       | SOUTHEAST ENERGY AUTHORITY A C SEEPWR 05/55 ADJUSTABLE VAR  | CUSIP: 84136HCF8<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1587348.60   | 0.49%             | 2055-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY                         | CALIFORNIA CMNTY CHOICE FING A CCEDEV 01/55 ADJUSTABLE VAR  | CUSIP: 13013JEA0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |     75000 | PA      | $76620.38     | 0.02%             | 2055-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO BOARD OF EDUCATION                                              | CHICAGO IL BRD OF EDU CHIEDU 12/46 FIXED OID 5              | CUSIP: 167505WB8<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    500000 | PA      | $457176.45    | 0.14%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COUNTY OF MIAMI-DADE FL AVIATION REVENUE                                | MIAMI DADE CNTY FL AVIATION RE MIATRN 10/55 FIXED 5.25      | CUSIP: 593340AD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031201.40   | 0.32%             | 2055-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| COUNTY OF MEDINA TX                                                     | MEDINA CNTY TX SPL ASSMNT REVE MDAGEN 09/46 FIXED 5.45      | CUSIP: 584735AQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $591775.44    | 0.18%             | 2046-09-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA TURNPIKE COMMISSION                                        | PENNSYLVANIA ST TURNPIKE COMMI PASTRN 12/51 FIXED 5         | CUSIP: 709225TU0<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1555521.15   | 0.48%             | 2051-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                                   | FED HM LN PC POOL WE6111 FR 01/40 FIXED 3.8                 | CUSIP: 3132YBYG5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    979461 | PA      | $934485.82    | 0.29%             | 2040-01-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| FLORIDA LOCAL GOVERNMENT FINANCE COMMISSION                             | FLORIDA LOC GOVT FIN COMMISSIO FLSFAC 11/45 FIXED OID 6.625 | CUSIP: 34077UAG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $354912.47    | 0.11%             | 2045-11-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ONONDAGA CIVIC DEVELOPMENT CORP                                         | ONONDAGA NY CIVIC DEV CORP ONODEV 08/54 FIXED OID 5         | CUSIP: 682832KJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $909358.10    | 0.28%             | 2054-08-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DISTRICT                                          | BLACK BELT ENERGY GAS DIST AL BBEUTL 10/35 FIXED 5          | CUSIP: 09182TGM3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    705000 | PA      | $734934.72    | 0.23%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST HEALTH & HIGHER EDL FACS AUTH REV                           | MARYLAND ST HLTH   HGR EDUCTNL MDSMED 07/45 ADJUSTABLE VAR  | CUSIP: 57421CHV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $322321.17    | 0.10%             | 2045-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| GOLDEN STATE TOBACCO SECURITIZATION                                     | GOLDEN ST TOBACCO SECURITIZATI GLDGEN 06/41 FIXED 3.714     | CUSIP: 38122ND58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1586363.60   | 0.49%             | 2041-06-01      | Fixed         | 3.71%                 | No            |                  2 | On Loan: No      |
| LANCASTER COUNTY HOSPITAL AUTHORITY                                     | LANCASTER CNTY PA HOSP AUTH LANMED 11/46 FIXED 5            | CUSIP: 514045W58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $45522.90     | 0.01%             | 2046-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON METROPOLITAN AREA TRANSIT AUTHORITY DEDICATED REVENUE        | WASHINGTON DC MET AREA TRANSIT DCTTRN 07/55 FIXED 5.25      | CUSIP: 93878YEB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $311854.50    | 0.10%             | 2055-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BUCKEYE TOBACCO SETTLEMENT FINANCING AUTHORITY                          | BUCKEYE OH TOBACCO SETTLEMENT BUCGEN 06/48 FIXED 4          | CUSIP: 118217CX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $335394.96    | 0.10%             | 2048-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VILLAGE COMMUNITY DEVELOPMENT DISTRICT NO 15                            | VILLAGE CDD NO 15 SPL ASSMNT R VGEDEV 05/38 FIXED 4.85      | CUSIP: 92708KAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    490000 | PA      | $501744.71    | 0.15%             | 2038-05-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| CHICAGO OHARE INTERNATIONAL AIRPORT                                     | CHICAGO IL O HARE INTERNATIONA CHITRN 01/33 FIXED 5         | CUSIP: 1675935R9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $546650.60    | 0.17%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF RENO NV                                                         | RENO NV SALES TAX REVENUE RENGEN 07/58 ZEROCPNOID 0         | CUSIP: 759861EJ2<br>LEI: 549300M4R5WWSUWY8D52 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $156481.20    | 0.05%             | 2058-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ROYSE CITY INDEPENDENT SCHOOL                                           | ROYSE CITY TX INDEP SCH DIST ROYSE ISD                      | CUSIP: 780869YU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $203569.34    | 0.06%             | 2054-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STERLING RANCH COMMUNITY AUTHORITY BOARD                                | STERLING RANCH CMNTY AUTH BRD STRDEV 12/54 FIXED 5.75       | CUSIP: 85950NAY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $499624.40    | 0.15%             | 2054-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MICHIGAN STATE HOSPITAL FINANCE AUTHORITY                               | MICHIGAN ST HOSP FIN AUTH MISMED 08/55 ADJUSTABLE VAR       | CUSIP: 59465HXF8<br>LEI: 54930011MIBQ2P7ZNM19 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1661342.25   | 0.51%             | 2055-08-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP                     | NEW HOPE CULTURAL EDU FACS FIN NHPFAC 07/46 FIXED 5         | CUSIP: 64542PAV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $285750.00    | 0.09%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY MUNICIPAL WATER FINANCE AUTHORITY                         | NEW YORK CITY NY MUNI WTR FIN NYUTL 06/44 ADJUSTABLE VAR    | CUSIP: 64972GC69<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   4800000 | PA      | $4800000.00   | 1.48%             | 2044-06-15      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| CITY OF PILOT POINT TX                                                  | PILOT POINT TX SPL ASSMNT REVE PILGEN 09/45 FIXED 6.125     | CUSIP: 721614AX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    680000 | PA      | $706313.89    | 0.22%             | 2045-09-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE BUSINESS FINANCE AUTHORITY                                | NATIONAL FIN AUTH NH AFFORDABL NFAHSG 10/40 ADJUSTABLE VAR  | CUSIP: 63607DAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    272816 | PA      | $270079.21    | 0.08%             | 2040-10-20      | Variable      | 4.15%                 | No            |                  2 | On Loan: No      |
| TARRANT COUNTY CULTURAL EDUCATION FACILITIES FINANCE CORPORATION        | TARRANT CNTY TX CULTURAL EDU F TAREDU 11/63 ADJUSTABLE VAR  | CUSIP: 87638QVD8<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500000.00   | 0.46%             | 2063-11-15      | Variable      | 1.45%                 | No            |                  2 | On Loan: No      |
| BUCKS COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY                           | BUCKS CNTY PA INDL DEV AUTH HO BUCMED 07/51 FIXED 4         | CUSIP: 11861MBM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $671715.52    | 0.21%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GOLDEN GEM COMMUNITY DEVELOPMENT DISTRICT                               | GEM CMNTY DEV DIST FLA 05/44 5.7                            | CUSIP: 38105CAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1012886.20   | 0.31%             | 2044-05-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY                                                | PUBLIC FIN AUTH WI SPL REVENUE PUBFAC 09/29 ZEROCPNOID 0    | CUSIP: 74447TAA0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    171000 | PA      | $132839.64    | 0.04%             | 2029-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| OHIO HOUSING FINANCE AGENCY                                             | OHIO ST HSG FIN AGY MF HSG REV OHSMFH 01/45 FIXED 6.25      | CUSIP: 676900YB3<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    400000 | PA      | $413004.28    | 0.13%             | 2045-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ALABAMA GAS SUPPLY DISTRICT/THE                               | S E ALABAMA ST GAS SPLY DIST G SOUUTL 06/49 ADJUSTABLE VAR  | CUSIP: 84131TBT8<br>LEI: 549300BL04JIB2GJZ178 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1053248.60   | 0.32%             | 2049-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| HAMMOCK OAKS COMMUNITY DEVELOPMENT DISTRICT                             | HAMMOCK OAKS CDD FL ASSMNT HAODEV 05/55 FIXED 5.75          | CUSIP: 40834PAJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $494417.80    | 0.15%             | 2055-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ANTILLIA COMMUNITY DEVELOPMENT DISTRICT                                 | ANTILLIA CDD FL SPL ASSMNT ANLDEV 05/44 FIXED 5.6           | CUSIP: 03706FAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    615000 | PA      | $626181.13    | 0.19%             | 2044-05-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| COUNTY OF SACRAMENTO CA                                                 | SACRAMENTO CNTY CA SPL TAX SACGEN 09/47 FIXED 5             | CUSIP: 786153RU2<br>LEI: 549300OXI5MD45L13R20 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500592.05    | 0.15%             | 2047-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| THE PORT AUTHORITY OF NEW YORK AND NEW JERSEY                           | PORT AUTH OF NEW YORK   NEW JE PORTRN 08/47 FIXED 5.25      | CUSIP: 73358XGM8<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1043006.10   | 0.32%             | 2047-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP RHODE ISLAN                                | TOBACCO SETTLEMENT FING CORP R TOBGEN 06/40 FIXED 5         | CUSIP: 888809BE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000073.30   | 0.31%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO BOARD OF EDUCATION                                              | CHICAGO IL BRD OF EDU CHIEDU 12/50 FIXED OID 5.75           | CUSIP: 167505ZM1<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    800000 | PA      | $800539.36    | 0.25%             | 2050-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CHARLOTTE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/FL                    | CHARLOTTE CNTY FL INDL DEV AUT CHAUTL 10/35 FIXED 5.125     | CUSIP: 16080TAJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    685000 | PA      | $697478.85    | 0.22%             | 2035-10-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ORANGE CNTY FLA HEALTH FACS AUTH FEV                                    | ORANGE CNTY FL HLTH FACS AUTH ORAMED 08/47 FIXED 5          | CUSIP: 68450LJB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $149563.97    | 0.05%             | 2047-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JARRELL INDEPENDENT SCHOOL DISTRICT                                     | JARRELL TX INDEP SCH DIST JARSCD 02/53 FIXED 5              | CUSIP: 471146XA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $610668.36    | 0.19%             | 2053-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MULTNOMAH COUNTY SCHOOL DISTRICT NO 40                                  | MULTNOMAH CNTY OR SCH DIST  40 MULSCD 06/38 ZEROCPNOID 0    | CUSIP: 625693JA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $438001.88    | 0.14%             | 2038-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BENLOCH RANCH IMPROVEMENT ASSOCIATION NO 2                              | BENLOCH RANCH IMPROV SR UNSECURED 144A 12/51 10             | CUSIP: 082149AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $146368.31    | 0.05%             | 2051-12-01      | Fixed         | 10.00%                | No            |                  3 | On Loan: No      |
| LOUISIANA HOUSING FIN AGY MTG REV                                       | LOUISIANA HOUSING FIN AGY MTG REV                           | CUSIP: BA000TTJ1<br>LEI: 549300VL35TBE7RSJH61 | Long             | ABS-MBS          | CORP              | US        |   4787176 | PA      | $4780927.11   | 1.48%             | 2026-09-24      | Fixed         | 5.91%                 | No            |                  3 | On Loan: No      |
| ILLINOIS FINANCE AUTHORITY                                              | ILLINOIS ST FIN AUTH REVENUE ILSGEN 05/43 FIXED 5           | CUSIP: 45204EL97<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    440000 | PA      | $448124.64    | 0.14%             | 2043-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY                         | CALIFORNIA CMNTY CHOICE FING A CCEDEV 02/55 ADJUSTABLE VAR  | CUSIP: 13013JFR2<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    700000 | PA      | $752805.55    | 0.23%             | 2055-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL TRUST AGENCY INC                                                | CAPITAL TRUST AGY FL REVENUE CPTGEN 01/56 FIXED 5           | CUSIP: 14052WDT1<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    250000 | PA      | $208922.73    | 0.06%             | 2056-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DISTRICT OF COLUMBIA INCOME TAX REVENUE                                 | DIST OF COLUMBIA INCOME TAX SE DISGEN 06/50 FIXED 5.25      | CUSIP: 25477GYP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3255000 | PA      | $3449760.97   | 1.06%             | 2050-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WESTCHESTER COUNTY LOCAL DEVELOPMENT CORPORATION                        | WESTCHESTER CNTY NY LOCAL DEV WSTDEV 11/55 FIXED 7.5        | CUSIP: 95737TFX9<br>LEI: 549300KOSU8OC75V9238 | Long             | DBT              | MUN               | US        |    500000 | PA      | $549485.90    | 0.17%             | 2055-11-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| CITY OF LOS ANGELES DEPARTMENT OF AIRPORTS                              | LOS ANGELES CA DEPT OF ARPTS A LOSAPT 05/48 FIXED 4         | CUSIP: 544445ES4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $887897.70    | 0.27%             | 2048-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY                               | NEW JERSEY ST ECON DEV AUTH EC NJSDEV 04/31 FIXED OID 5.75  | CUSIP: 64577HMH1<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003203.70   | 0.31%             | 2031-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| DOUGLAS COUNTY HOUSING AUTHORITY                                        | DOUGLAS CNTY GA HSG AUTH MF TA DOUMFH 04/43 FIXED 4.375     | CUSIP: 259029AA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $978100.80    | 0.30%             | 2043-04-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| WASHINGTON STATE HOUSING FINANCE COMMISSION                             | WASHINGTON ST HSG FIN COMMISSI WASHSG 01/46 FIXED OID 6     | CUSIP: 939783Z33<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    700000 | PA      | $703963.19    | 0.22%             | 2046-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FHLMC MULTIFAMILY VRD CERTIFICATES                                      | FEDERAL HOME LOAN MTGE CORP MF FEDMFH 01/43 ADJUSTABLE VAR  | CUSIP: 31350ADW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2188916 | PA      | $2280139.57   | 0.70%             | 2043-01-25      | Variable      | 4.87%                 | No            |                  2 | On Loan: No      |
| GAS WORX COMMUNITY DEVELOPMENT DISTRICT                                 | GAS WORX CDD FL SPL ASSMNT GSWGEN 05/36 FIXED 5             | CUSIP: 367200AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    615000 | PA      | $631150.33    | 0.19%             | 2036-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HOUSING FINANCE AGENCY                                       | CALIFORNIA HSG FIN AGY LTD OBL CASMFH 03/53 ADJUSTABLE VAR  | CUSIP: 13034DAJ3<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |    800000 | PA      | $808678.80    | 0.25%             | 2053-03-01      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| COUNTY OF MIAMI-DADE FL AVIATION REVENUE                                | MIAMI DADE CNTY FL AVIATION RE MIATRN 10/34 FIXED 5         | CUSIP: 59333P7L6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $487904.69    | 0.15%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                             | ILLINOIS ST ILS 05/37 FIXED 5                               | CUSIP: 452153JU4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1074987.20   | 0.33%             | 2037-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA HOUSING FINANCE AGENCY                                     | PENNSYLVANIA ST HSG FIN AGY MF PASMFH 06/41 FIXED 4.9       | CUSIP: 708797BG9<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |    997000 | PA      | $1002498.06   | 0.31%             | 2041-06-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| KALAMAZOO MICH ECONOMIC DEV CORP REV                                    | KALAMAZOO MI ECON DEV CORP KALDEV 08/46 FIXED 6             | CUSIP: 483228EF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $508600.65    | 0.16%             | 2046-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DAYTON-MONTGOMERY COUNTY PORT AUTHORITY                                 | DAYTON MONTGOMERY CNTY OH PORT DAYTRN 01/45 FIXED 6.625     | CUSIP: 23982CAM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $209597.22    | 0.06%             | 2045-01-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FINANCING CORP SALES TAX REVENUE                  | PUERTO RICO SALES TAX FING COR PRCGEN 07/40 FIXED 4.55      | CUSIP: 74529JRQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |    500000 | PA      | $498617.85    | 0.15%             | 2040-07-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| CITY OF PRINCETON TX                                                    | PRINCETON TX SPL ASSMNT REVENU PRIGEN 09/45 FIXED OID 5.375 | CUSIP: 742400DA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $421434.76    | 0.13%             | 2045-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| OHIO HOUSING FINANCE AGENCY                                             | OHIO ST HSG FIN AGY MF HSG REV OHSMFH 01/45 FIXED 6         | CUSIP: 676900XJ7<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    250000 | PA      | $252392.00    | 0.08%             | 2045-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                                   | FED HM LN PC POOL WE6083 FR 03/40 FIXED 4.37                | CUSIP: 3132YBXL5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    488966 | PA      | $492356.11    | 0.15%             | 2040-03-01      | Fixed         | 4.37%                 | No            |                  2 | On Loan: No      |
| BABCOCK RANCH COMMUNITY INDEPENDENT SPECIAL DISTRICT                    | BABCOCK RANCH CMNTY INDEP SPL BARGEN 05/32 FIXED OID 4.25   | CUSIP: 05616KBQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $392867.44    | 0.12%             | 2032-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK STATE DORMITORY AUTHORITY                                      | NEW YORK ST DORM AUTH ST PERSO NYSGEN 03/53 FIXED 5         | CUSIP: 64990KKR3<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    700000 | PA      | $718086.18    | 0.22%             | 2053-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH STEWARDSHIP DISTRICT                                     | LAKEWOOD RANCH FL STEWARDSHIP LKRGEN 05/54 FIXED OID 5.55   | CUSIP: 51265KFT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $531758.38    | 0.16%             | 2054-05-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| DADE CNTY FLA SCH DIST                                                  | MIAMI DADE CNTY FL SCH DIST MIASCD 03/42 FIXED 4            | CUSIP: 59333RJB1<br>LEI: 549300J3U4QVT6U3O129 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $985681.10    | 0.30%             | 2042-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VELOCITY METROPOLITAN DISTRICT NO 5                                     | VELOCITY MET DIST  5 CO VLOFAC 12/50 INT APROID VAR         | CUSIP: 92259JAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $880856.30    | 0.27%             | 2050-12-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT                       | SOUTHEAST ENERGY AUTHORITY A C SEEPWR 11/35 FIXED 5         | CUSIP: 84136HAU7<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    800000 | PA      | $817769.04    | 0.25%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA AGRICULTURAL & ECONOMIC DEVELOPMENT BOARD                     | MINNESOTA ST AGRIC   ECON DEVB MNSAGR 01/54 FIXED 5.25      | CUSIP: 6049203E6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021413.80   | 0.32%             | 2054-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MANOR HOUSING PUBLIC FACILITY CORP                                      | MANOR HSG PUBLIC FAC CORP TX M MNRMFH 11/42 ADJUSTABLE VAR  | CUSIP: 56406AAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $201108.76    | 0.06%             | 2042-11-01      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS DEVELOPMENT FINANCE AGENCY                                | MASSACHUSETTS ST DEV FIN AGY R MASDEV 07/43 FIXED OID 4     | CUSIP: 57583UTY4<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1582798.18   | 0.49%             | 2043-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP                     | NEW HOPE CULTURAL ED FACS FIN NHPFAC 11/60 FIXED 5          | CUSIP: 64542UHC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $955480.60    | 0.29%             | 2060-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRAL VALLEY ENERGY AUTHORITY                                         | CENTRL VLY CA ENERGY AUTH COMM CTVPWR 08/34 FIXED 5         | CUSIP: 15569DAG7<br>LEI: 254900G5IPQ9MA3FRJ55 | Long             | DBT              | MUN               | US        |    400000 | PA      | $421054.80    | 0.13%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY & COUNTY OF DENVER CO AIRPORT SYSTEM REVENUE                       | DENVER CITY   CNTY CO ARPT REV DENAPT 12/43 FIXED OID 4     | CUSIP: 249182LN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $927742.70    | 0.29%             | 2043-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO OHARE INTERNATIONAL AIRPORT                                     | CHICAGO IL O HARE INTERNATIONA CHITRN 01/48 FIXED 5.25      | CUSIP: 1675934R0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016460.90   | 0.31%             | 2048-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MOON INDUSTRIAL DEVELOPMENT AUTHORITY                                   | MOON INDL DEV AUTH PA REVENUE MOODEV 07/45 FIXED OID 6      | CUSIP: 61543RAT3<br>LEI: 549300CGX4T1GTNHL435 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999900.10    | 0.31%             | 2045-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC                                             | MAIN STREET NATURAL GAS INC GA MAIUTL 12/55 ADJUSTABLE VAR  | CUSIP: 56035DKH4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    900000 | PA      | $945552.69    | 0.29%             | 2055-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| LOWER COLORADO RIVER AUTHORITY EMPLOYEES UNITED C                       | LOWER COLORADO RIVER TX AUTH T LWCGEN 05/50 FIXED 5         | CUSIP: 54811BR78<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |    200000 | PA      | $204265.76    | 0.06%             | 2050-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LTC RANCH WEST RESIDENTIAL COMMUNITY DEVELOPMENT DISTRICT               | LTC RANCH WEST RSDL CMNTY DEV LTCGEN 05/44 FIXED 5.375      | CUSIP: 50218SAN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    840000 | PA      | $832812.54    | 0.26%             | 2044-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH STEWARDSHIP DISTRICT                                     | LAKEWOOD RANCH FL STEWARDSHIP LKRGEN 05/40 FIXED OID 5.5    | CUSIP: 51265KGJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $427810.20    | 0.13%             | 2040-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC GOLD POOL                                                   | FED HM LN PC POOL WE6072 FR 07/39 FIXED 3.85                | CUSIP: 3132YBW93<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | MUN               | US        |    485737 | PA      | $462974.15    | 0.14%             | 2039-07-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| BALDWIN COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY                         | BALDWIN CNTY AL INDL DEV AUTH BLWPOL 06/55 ADJUSTABLE VAR   | CUSIP: 05786PAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250183.15    | 0.08%             | 2055-06-01      | Variable      | 4.62%                 | No            |                  2 | On Loan: No      |
| LONGS PEAK METROPOLITAN DISTRICT                                        | LONGS PEAK MET DIST CO LPMGEN 12/51 FIXED 5.25              | CUSIP: 54316AAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $482444.30    | 0.15%             | 2051-12-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FINANCE AUTHORITY                                    | TOBACCO SETTLEMENT FIN AUTH WV TOBGEN 06/47 ZEROCPNOID 0    | CUSIP: 88880LAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $92914.20     | 0.03%             | 2047-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BUCKS COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY                           | BUCKS CNTY PA INDL DEV AUTH HO BUCMED 07/46 FIXED 4         | CUSIP: 11861MBL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $242584.79    | 0.07%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIBERTY DEVELOPMENT CORPORATION                                | NEW YORK ST LIBERTY DEV CORP L NYCDEV 11/44 FIXED 5         | CUSIP: 649519DA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000033.30   | 0.31%             | 2044-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                                   | FED HM LN PC POOL WE5057 FR 01/40 FIXED 3.85                | CUSIP: 3132YATN8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1000000 | PA      | $954267.53    | 0.29%             | 2040-01-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| LANCASTER MUNICIPAL AUTHORITY                                           | LANCASTER PA MUNI AUTH HLTHCAR LANCASTER MUNI AUTH B        | CUSIP: 514350AN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $387788.60    | 0.12%             | 2054-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ECONOMIC DEVELOPMENT AUTHORITY                            | WEST VIRGINIA ST ECON DEV AUTH WVSDEV 01/55 ADJUSTABLE VAR  | CUSIP: 95648VBU2<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |    900000 | PA      | $978491.52    | 0.30%             | 2055-01-01      | Variable      | 5.45%                 | No            |                  2 | On Loan: No      |
| WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY                   | WISCONSIN HLTH EDL FACS AUTH S WISMED 07/55 FIXED OID 5.875 | CUSIP: 97671VCP8<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    300000 | PA      | $298438.56    | 0.09%             | 2055-07-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DISTRICT                                          | BLACK BELT ENERGY GAS DIST AL BBEUTL 03/55 ADJUSTABLE VAR   | CUSIP: 09182TEN3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    600000 | PA      | $635608.08    | 0.20%             | 2055-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| THE PASSAIC COUNTY IMPROVEMENT AUTHORITY                                | PASSAIC CNTY NJ IMPT AUTH CHRT PASEDU 07/44 FIXED 5         | CUSIP: 70275QAM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $750866.78    | 0.23%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHILDRENS TRUST FD TOBACCO SETTLMNT                                     | THE CHILDRENS TRUST FUND PR TO CHIGEN 05/50 ZEROCPNOID 0    | CUSIP: 16876QBJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   2000000 | PA      | $399491.80    | 0.12%             | 2050-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA HIGHER EDUCATIONAL FACILITIES FINANCING AUTHORITY               | HGR EDU FACS FING AUTH FL HGR FLSHGR 07/55 FIXED 6.25       | CUSIP: 42982GAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200878.96    | 0.06%             | 2055-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SEAGROVE COMMUNITY DEVELOPMENT DISTRICT                                 | SEAGROVE CDD FL SPL ASSMNT SEAGROVE CDD                     | CUSIP: 811897AB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $243243.13    | 0.08%             | 2044-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| DENTON ESSENTIAL INVESTMENTS PUBLIC FACILITY CORP                       | DENTON ESSENTIAL INVESTMENTS 01/43 1                        | CUSIP: 24881CAE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $295050.00    | 0.09%             | 2043-01-01      | Variable      | 6.70%                 | No            |                  3 | On Loan: No      |
| MIDA MOUNTAIN VILLAGE PUBLIC INFRASTRUCTURE DISTRICT                    | MIDA MOUNTAIN VLG PUBLIC INFRA MMVDEV 06/50 FIXED OID 5.5   | CUSIP: 59561UAF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $501641.30    | 0.15%             | 2050-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| REFLECTION BAY COMMUNITY DEVELOPMENT DISTRICT                           | REFLECTION BAY CDD FL SPL ASSM REFDEV 05/35 FIXED 5         | CUSIP: 75865NAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $644268.25    | 0.20%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BUCKS COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY                           | BUCKS CNTY PA INDL DEV AUTH HO BUCMED 07/40 FIXED 5         | CUSIP: 11861MBJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1277128.75   | 0.39%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF HOUSTON TX AIRPORT SYSTEM REVENUE                               | HOUSTON TX ARPT SYS REVENUE HOUAPT 07/34 FIXED 5.25         | CUSIP: 442349HU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $314792.16    | 0.10%             | 2034-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CITY OF VALPARAISO IN                                                   | VALPARAISO IN REVENUE VLPGEN 10/50 FIXED OID 6.25           | CUSIP: 92031PAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $248326.23    | 0.08%             | 2050-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| IBIS LANDING COMMUNITY DEVELOPMENT DISTRICT                             | IBIS LANDING CDD FL SPL ASSMNT IBIDEV 06/45 FIXED 5.7       | CUSIP: 451075AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    615000 | PA      | $637344.00    | 0.20%             | 2045-06-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| WASHINGTON STATE HOUSING FINANCE COMMISSION                             | WASHINGTON ST HSG FIN COMMISSI WASHSG 07/59 FIXED 6         | CUSIP: 939783U20<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    500000 | PA      | $502810.30    | 0.16%             | 2059-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO BOARD OF EDUCATION                                              | CHICAGO IL BRD OF EDU CHIEDU 12/40 FIXED OID 5              | CUSIP: 167505A30<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $966517.20    | 0.30%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENTON INDEPENDENT SCHOOL DISTRICT                                      | DENTON TX INDEP SCH DIST DNNSCD 08/53 FIXED 5               | CUSIP: 249002MC7<br>LEI: 5493005I9W678SUI0Z07 | Long             | DBT              | MUN               | US        |    500000 | PA      | $509300.05    | 0.16%             | 2053-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CROWFOOT VALLEY RANCH METROPOLITAN DISTRICT NO 2                        | CROWFOOT VLY RANCH MET DIST 12/54 6.125                     | CUSIP: 22802CAX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $719584.58    | 0.22%             | 2054-12-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC                                             | MAIN STREET NATURAL GAS 12/54 1                             | CUSIP: 56035DHK1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    550000 | PA      | $587375.14    | 0.18%             | 2054-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT                       | SOUTHEAST ENERGY AUTHORITY A C SEEPWR 03/55 ADJUSTABLE VAR  | CUSIP: 84136HBT9<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2056013.60   | 0.63%             | 2055-03-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| AVENIR COMMUNITY DEVELOPMENT DISTRICT                                   | AVENIR FL CDD SPL ASSMNT AVRDEV 05/54 FIXED OID 5.625       | CUSIP: 05357JAS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $394237.21    | 0.12%             | 2054-05-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| CITY OF INDIANAPOLIS IN                                                 | INDIANAPOLIS IN MF HSG REVENUE INPMFH 07/56 ADJUSTABLE VAR  | CUSIP: 45528TBF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $282161.16    | 0.09%             | 2056-07-01      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| DENTON ESSENTIAL INVESTMENTS PFC                                        | BONNIE BRAE FIXED TERM LOAN                                 | CUSIP: BA000PLR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1620000 | PA      | $1642356.00   | 0.51%             | 2059-06-02      | Fixed         | 7.21%                 | No            |                  3 | On Loan: No      |
| GOLDEN STATE TOBACCO SECURITIZATION                                     | GOLDEN ST TOBACCO SECURITIZATI GLDGEN 06/66 ZEROCPNOID 0    | CUSIP: 38122NB84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9000000 | PA      | $901942.20    | 0.28%             | 2066-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WESTVIEW SOUTH COMMUNITY DEVELOPMENT DISTRICT                           | WESTVIEW SOUTH CDD FL SPL ASSM WVSDEV 05/45 FIXED 6         | CUSIP: 961566AH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1037975.10   | 0.32%             | 2045-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DOWNTOWN REVITALIZATION PUBLIC INFRASTRUCTURE DISTRICT                  | DOWNTWN PUB INFRA C DTRFAC 07/35 FIXED 5                    | CUSIP: 26118TBW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1305243.55   | 0.40%             | 2035-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EVANSVILLE CITY OF                                                      | EVANSVILLE IN MF HSG REVENUE EVAMFH 01/38 FIXED 5.45        | CUSIP: 299351AG1<br>LEI: 5493004FNKVUBIYGJO12 | Long             | DBT              | MUN               | US        |    500000 | PA      | $471570.50    | 0.15%             | 2038-01-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA PUBLIC SERVICES AUTHORITY (AKA: SANTEE COOPER)           | SOUTH CAROLINA ST PUBLIC SVC A SC PUB SVC AUTH A            | CUSIP: 8371514F3<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    625000 | PA      | $660817.44    | 0.20%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FINANCING CORP SALES TAX REVENUE                  | PUERTO RICO SALES TAX FING COR PRCGEN 07/46 ZEROCPNOID 0    | CUSIP: 74529JQG3<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   1730000 | PA      | $609231.61    | 0.19%             | 2046-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION                         | NEW YORK ST TRANSPRTN DEV CORP NYTTRN 06/59 FIXED 6         | CUSIP: 650116JQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $786615.68    | 0.24%             | 2059-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COUNTY TOBACCO SECURITIZATION AGENCY                         | CALIFORNIA CNTY CA TOBACCO SEC CASGEN 06/55 ZEROCPNOID 0    | CUSIP: 13016NFC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $182913.10    | 0.06%             | 2055-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY FUTURE TAX SECURED REVENUE | NEW YORK CITY NY TRANSITIONAL NYCGEN 05/51 FIXED 5          | CUSIP: 64972JXR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4950000 | PA      | $5090024.61   | 1.57%             | 2051-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION                         | NEW YORK ST TRANSPRTN DEV CORP NYTTRN 10/40 FIXED 5         | CUSIP: 650116CZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2029233.00   | 0.63%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UIPA CROSSROADS PUBLIC INFRASTRUCTURE DISTRICT                          | UIPA CROSSROADS PUB INFRASTRUC UIPDEV 06/52 FIXED 4.375     | CUSIP: 90279EAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $903458.00    | 0.28%             | 2052-06-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BUCKEYE TOBACCO SETTLEMENT FINANCING AUTHORITY                          | BUCKEYE OH TOBACCO SETTLEMENT BUCGEN 06/55 FIXED 5          | CUSIP: 118217CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5400000 | PA      | $4360500.00   | 1.35%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COUNTY OF OSCEOLA FL TRANSPORTATION REVENUE                             | OSCEOLA CNTY FL TRANSPRTN REVE OSCTRN 10/28 ZEROCPNOID 0    | CUSIP: 688031EH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $433380.79    | 0.13%             | 2028-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC MULTIFAMILY ML CERTIFICATES                                 | FREDDIE MAC STRUCTURED PASS TH FMPGEN 10/40 ADJUSTABLE VAR  | CUSIP: 3137HCXR8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | MUN               | US        |    492555 | PA      | $500223.77    | 0.15%             | 2040-10-25      | Variable      | 4.69%                 | No            |                  2 | On Loan: No      |
| THE ATLANTA DEVELOPMENT AUTHORITY                                       | ATLANTA GA DEV AUTH ATLDEV 04/34 FIXED 5                    | CUSIP: 04780NMW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101781.51    | 0.03%             | 2034-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                      | US TREASURY N/B 02/31 4.25                                  | CUSIP: 91282CKC4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3200000 | PA      | $3241937.50   | 1.00%             | 2031-02-28      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO GOVT                                                        | PUERTO RICO CMWLTH PRC 11/51 ADJUSTABLE VAR                 | CUSIP: 74514L4E4<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |   1400000 | PA      | $446250.00    | 0.14%             | 2051-11-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HSG & MTG FIN AGY MULTI-FA                                | NEW JERSEY ST HSG   MTGE FIN A NJSHSG 05/41 FIXED 4.55      | CUSIP: 646127FS4<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |    995000 | PA      | $1007184.27   | 0.31%             | 2041-05-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE BUSINESS FINANCE AUTHORITY                                | NATIONAL FIN AUTH NH MUNI CTFS NFADEV 11/42 ADJUSTABLE VAR  | CUSIP: 63607WBN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    993827 | PA      | $954873.34    | 0.29%             | 2042-11-20      | Variable      | 3.82%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY MUNICIPAL WATER FINANCE AUTHORITY                         | NEW YORK CITY NY MUNI WTR FIN NYCUTL 06/53 FIXED 5.25       | CUSIP: 64972GF41<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |    200000 | PA      | $208139.08    | 0.06%             | 2053-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| COUNTY OF CUYAHOGA OH                                                   | CUYAHOGA CNTY OH HOSP REVENUE CUYMED 02/57 FIXED 5.5        | CUSIP: 2322655V6<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |    510000 | PA      | $494415.22    | 0.15%             | 2057-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ALACHUA COUNTY HOUSING FINANCE AUTHORITY                                | ALACHUA CNTY FL HSG FIN AUTH M ALAMFH 07/55 ADJUSTABLE VAR  | CUSIP: 01068LAT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $257731.93    | 0.08%             | 2055-07-01      | Variable      | 6.30%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE BUSINESS FINANCE AUTHORITY                                | NATIONAL FIN AUTH NH SPL REVEN NFAGEN 06/39 FIXED 5.625     | CUSIP: 63608TAY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200114.36    | 0.06%             | 2039-06-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO GOVT                                                        | PUERTO RICO CMWLTH PRC 11/43 ADJUSTABLE VAR                 | CUSIP: 74514L3T2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    776756 | PA      | $521397.51    | 0.16%             | 2043-11-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| BABCOCK RANCH COMMUNITY INDEPENDENT SPECIAL DISTRICT                    | BABCOCK RANCH CMNTY INDEP SPL BARGEN 05/55 FIXED 5.25       | CUSIP: 05616KBV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $242743.00    | 0.07%             | 2055-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                  | CALIFORNIA MUN FIN AUTH STUDEN CASHSG 01/38 FIXED 5         | CUSIP: 13051EAF7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    500000 | PA      | $514059.45    | 0.16%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PIMCO FUNDS                                                             | PIMCO PRV SHORT TERM FLT III MUTUAL FUND                    | CUSIP: 000000000<br>LEI: LWVQWTQCFH3YG7CVH718 | Long             | STIV             | RF                | US        |   2666211 | PA      | $25966233.23  | 8.01%             |  |  |  | No            |                  1 | On Loan: No      |
| LOUISIANA PUBLIC FACILITIES AUTHORITY                                   | LOUISIANA ST PUBLIC FACS AUTHL LASFAC 07/65 FIXED OID 4.75  | CUSIP: 54639TDU3<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1418179.05   | 0.44%             | 2065-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                                   | FED HM LN PC POOL WE6090 FR 08/40 FIXED 5.21                | CUSIP: 3132YBXT8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    294954 | PA      | $320723.87    | 0.10%             | 2040-08-01      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| CITY OF DETROIT                                                         | DETROIT MI DET 04/44 ADJUSTABLE VAR                         | CUSIP: 251093S84<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |    497159 | PA      | $383322.42    | 0.12%             | 2044-04-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| AEROTROPOLIS REGIONAL TRANSPORTATION AUTHORITY                          | AEROTROPOLIS REGL TRANPRTN AUT AERTRN 12/44 FIXED 5.5       | CUSIP: 008051AD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018479.50   | 0.31%             | 2044-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY OF CALIFORNIA                                                | UNIV OF CALIFORNIA CA REVENUES UNVHGR 05/52 FIXED 5         | CUSIP: 91412HND1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1854487.26   | 0.57%             | 2052-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VERMONT ECONOMIC DEVELOPMENT AUTHORITY                                  | VERMONT ST ECON DEV AUTH SOLID VTSPOL 06/52 ADJUSTABLE VAR  | CUSIP: 924157AD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $255112.83    | 0.08%             | 2052-06-01      | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |
| CITY OF LAVON TX                                                        | LAVON TX SPL ASSMT REVENUE LAVON REV                        | CUSIP: 51946PCK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $904294.13    | 0.28%             | 2045-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE BUSINESS FINANCE AUTHORITY                                | NATIONAL FIN AUTH NH SENIOR LI NFADEV 01/30 FIXED 4         | CUSIP: 63608SAJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $281909.54    | 0.09%             | 2030-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP                     | NEW HOPE CULTURAL EDU FACS FIN NHPFAC 07/36 FIXED OID 4     | CUSIP: 64542PAU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    915000 | PA      | $871537.50    | 0.27%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FINANCE AUTHORITY                                              | ILLINOIS ST FIN AUTH REVENUE ILSGEN 07/47 FIXED 4           | CUSIP: 45204EA32<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1975000 | PA      | $1738498.69   | 0.54%             | 2047-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TARRANT COUNTY CULTURAL EDUCATION FACILITIES FINANCE CORPORATION        | TARRANT CNTY TX CULTURAL EDU F TAREDU 11/49 FIXED OID 5     | CUSIP: 87638TJQ7<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    500000 | PA      | $512949.35    | 0.16%             | 2049-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RAMPART RANGE METROPOLITAN DISTRICT NO 5                                | RAMPART RANGE CO MET DIST  5 RAMGEN 12/36 FIXED 4           | CUSIP: 75157WAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $708796.28    | 0.22%             | 2036-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY                   | WISCONSIN HLTH EDL FACS AUTH S WISMED 07/43 FIXED OID 4.5   | CUSIP: 97671VBG9<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    100000 | PA      | $91338.11     | 0.03%             | 2043-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| EP ESSENTIAL HOUSING WF PFC                                             | EP ESSENTIAL HOUSING WF PFC TX EPEHSG 12/34 FIXED OID 4.25  | CUSIP: 29416AAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $392510.24    | 0.12%             | 2034-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ST PAUL MINN HSG & REDV AUTH                                            | SAINT PAUL MN HSG   REDEV AUTH STPHSG 06/61 FIXED OID 6.375 | CUSIP: 852297EJ5<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    500000 | PA      | $493292.45    | 0.15%             | 2061-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HOUSING FINANCE AGENCY                                       | CALIFORNIA HSG FIN AGY LTD OBL CASMFH 03/53 ADJUSTABLE VAR  | CUSIP: 13034DAK0<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |    250000 | PA      | $244264.50    | 0.08%             | 2053-03-01      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| PHOENIX INDUSTRIAL DEVELOPMENT AUTHORITY                                | PHOENIX AZ INDL DEV AUTH STUDE PHODEV 07/28 FIXED 5         | CUSIP: 71885DCT7<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |    250000 | PA      | $256452.98    | 0.08%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO CROSSING METROPOLITAN DISTRICT NO 2                            | COLORADO CROSSING MET DIST  2 CCRGEN 12/47 FIXED 5          | CUSIP: 19645YAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $479156.55    | 0.15%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LEANDER INDEPENDENT SCHOOL DISTRICT                                     | LEANDER TX INDEP SCH DIST LDRSCD 08/55 FIXED 5              | CUSIP: 521841S98<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2051258.60   | 0.63%             | 2055-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLUB MUNICIPAL MANAGEMENT DISTRICT NO 1                                 | CLUB MUNI MGMT DIST  1 TX SPL CLBGEN 09/44 FIXED 5.1        | CUSIP: 18948PAJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $351917.90    | 0.11%             | 2044-09-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY                  | CALIFORNIA ST STWD CMNTYS DEV CASMFH 11/59 ADJUSTABLE VAR   | CUSIP: 13079PXY4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    200000 | PA      | $172724.04    | 0.05%             | 2059-11-01      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION                          | MARYLAND ST DEPT OF TRANSPRTN MDSTRN 08/51 FIXED 4          | CUSIP: 57421FBY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $855820.40    | 0.26%             | 2051-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DOWNTOWN REVITALIZATION PUBLIC INFRASTRUCTURE DISTRICT                  | DOWNTOWN REVITALIZATION PUBLIC DTRFAC 06/40 FIXED 5         | CUSIP: 26118TAQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1089353.70   | 0.34%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COUNTY OF CUYAHOGA OH                                                   | CUYAHOGA CNTY OH HOSP REVENUE CUYMED 02/57 FIXED OID 5      | CUSIP: 2322655W4<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1033307.70   | 0.32%             | 2057-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC ENERGY AUTHORITY OF KENTUCKY INC                                 | KENTUCKY ST PUBLIC ENERGY AUTH KYSPWR 05/36 FIXED 5         | CUSIP: 74440DGL2<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1474685.10   | 0.46%             | 2036-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTERRA METROPOLITAN DISTRICT NO 1                                     | CENTERRA CO MET DIST  1 SPL RE CETGEN 12/37 FIXED 5         | CUSIP: 15200XAF0<br>LEI: 549300SHE5ZPSMGZH793 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250074.50    | 0.08%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP RHODE ISLAN                                | TOBACCO SETTLEMENT FING CORP R TOBGEN 06/50 FIXED 5         | CUSIP: 888809BG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1224835.13   | 0.38%             | 2050-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA FINANCE AUTHORITY                                               | INDIANA ST FIN AUTH STUDENT HS IN FIN AUTH A                | CUSIP: 45471FAX9<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    100000 | PA      | $96663.25     | 0.03%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FINANCING CORPORATION                                | TOBACCO SETTLEMENT FING CORP N TOBGEN 06/46 FIXED 5         | CUSIP: 888808HQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $194781.52    | 0.06%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISHAWAKA CITY OF                                                       | MISHAWAKA IN MF HSG REVENUE MISMFH 01/38 FIXED 5.375        | CUSIP: 604786AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $290583.21    | 0.09%             | 2038-01-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS DEVELOPMENT FINANCE AGENCY                                | MASSACHUSETTS ST DEV FIN AGY R MASDEV 07/44 FIXED 5         | CUSIP: 57585BBS6<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    350000 | PA      | $352586.82    | 0.11%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY                   | WISCONSIN HLTH EDL FACS AUTH S WISMED 11/55 FIXED OID 6.25  | CUSIP: 97671VCX1<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    600000 | PA      | $589891.86    | 0.18%             | 2055-11-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY                   | PENNSYLVANIA ST ECON DEV FING PASMED 03/60 ADJUSTABLE VAR   | CUSIP: 70870JGX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1088238.70   | 0.34%             | 2060-03-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| SUNRISE COMMUNITY DEVELOPMENT DISTRICT                                  | SUNRISE CDD FL CAPITAL IMPT RE SSEDEV 05/45 FIXED OID 5.625 | CUSIP: 86771UAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $345171.61    | 0.11%             | 2045-05-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PASADENA RIDGE COMMUNITY DEVELOPMENT DISTRICT                           | PASADENA RIDGE CDD FL CAPITAL PSRDEV 05/55 FIXED 5.375      | CUSIP: 702300AC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $95136.47     | 0.03%             | 2055-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                      | US TREASURY N/B 04/31 4.625                                 | CUSIP: 91282CKN0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4100000 | PA      | $4222359.38   | 1.30%             | 2031-04-30      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| WILLOW BEND METROPOLITAN DISTRICT                                       | WILLOW BEND MET DIST CO WILDEV 12/49 FIXED 5                | CUSIP: 97111VAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $471997.45    | 0.15%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO INTERNATIONAL CENTER METROPOLITAN DISTRICT NO 7                | COLORADO INTL CTR MET DIST NO CICDEV 12/51 INT APROID VAR   | CUSIP: 19650TAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $608984.40    | 0.19%             | 2051-12-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA DEVELOPMENT FINANCE CORPORATION                                 | FLORIDA ST DEV FIN CORP FLSDEV 07/53 FIXED 5.25             | CUSIP: 340618DV6<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1359945.86   | 0.42%             | 2053-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GRAND PARKWAY TRANSPORTATION CORPORATION                                | GRAND PARKWAY TRANSPRTN CORP T GPTTRN 10/43 FIXED 5         | CUSIP: 38611TBQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020638.70   | 0.31%             | 2043-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF PHOENIX CIVIC IMPROVEMENT CORP                                  | PHOENIX AZ CIVIC IMPT CORP ARP PHOAPT 07/49 FIXED 5         | CUSIP: 71883MPB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1272693.50   | 0.39%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAKES OF SARASOTA COMMUNITY DEVELOPMENT DISTRICT                        | LAKES OF SARASOTA CDD FL IMPT LSADEV 05/44 FIXED OID 5.3    | CUSIP: 51206YAS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $424021.82    | 0.13%             | 2044-05-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| PASADENA RIDGE COMMUNITY DEVELOPMENT DISTRICT                           | PASADENA RIDGE CDD FL CAPITAL PSRDEV 05/45 FIXED OID 5.5    | CUSIP: 702300AE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $248106.70    | 0.08%             | 2045-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MOBILE COUNTY INDUSTRIAL DEVEL                                          | MOBILE CNTY AL INDL DEV AUTH S MOBPOL 06/54 FIXED 5         | CUSIP: 60733UAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1990000 | PA      | $1897433.96   | 0.59%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TENNESSEE HOUSING DEVELOPMENT AGENCY                                    | TENNESSEE HSG DEV AGY RSDL FIN TNSHSG 01/56 FIXED 6         | CUSIP: 88046KQU3<br>LEI: 25490004PSQYQLFJGI76 | Long             | DBT              | MUN               | US        |    995000 | PA      | $1089108.49   | 0.34%             | 2056-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CALHOUN COUNTY NAVIGATION INDUSTRIAL DEVELOPMENT AUTHORITY              | CALHOUN CNTY TX NAVIGATION IND CLHDEV 07/26 FIXED 3.625     | CUSIP: 129729AC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $247638.75    | 0.08%             | 2026-07-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                      | US TREASURY N/B 02/28 3.375                                 | CUSIP: 91282CQB0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8100000 | PA      | $8036718.75   | 2.48%             | 2028-02-29      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| CHICAGO BOARD OF EDUCATION                                              | CHICAGO IL BRD OF EDU CHIEDU 12/43 FIXED 6                  | CUSIP: 167505A63<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1057718.50   | 0.33%             | 2043-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| OHIO AIR QUALITY DEVELOPMENT AUTHORITY                                  | OHIO ST AIR QUALITY DEV AUTH E OHSDEV 07/49 FIXED 5         | CUSIP: 67754AAF1<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |    750000 | PA      | $680075.25    | 0.21%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ST JOHNSONS CNTY FLA INDL DEV AUTH                                      | SAINT JOHNS CNTY FL INDL DEV A STJMED 12/31 FIXED 4         | CUSIP: 79041LAL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $206815.01    | 0.06%             | 2031-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                      | US TREASURY N/B 03/31 4.125                                 | CUSIP: 91282CKF7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    600000 | PA      | $604335.94    | 0.19%             | 2031-03-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                    | PUERTO RICO ELEC PWR AUTH PWRR PRCPWR 07/29 FLOATING VAR    | CUSIP: 74526QLY6<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |    735000 | PA      | $717523.91    | 0.22%             | 2029-07-01      | Floating      | 3.16%                 | No            |                  2 | On Loan: No      |
| IDAHO HEALTH FACS AUTH REV                                              | IDAHO ST HLTH FACS AUTH REVENU IDSMED 03/60 ADJUSTABLE VAR  | CUSIP: 451295H69<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |    200000 | PA      | $215498.48    | 0.07%             | 2060-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY                   | WISCONSIN HLTH EDL FACS AUTH S WISMED 07/35 FIXED 5.625     | CUSIP: 97671VCR4<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    575000 | PA      | $604563.63    | 0.19%             | 2035-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| LAKES OF SARASOTA COMMUNITY DEVELOPMENT DISTRICT 2                      | LAKES OF SARASOTA CDD 2 CAPITA LSADEV 05/45 FIXED 5.5       | CUSIP: 51207BAG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $231221.28    | 0.07%             | 2045-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FARMINGTON N.M. POLLUTION CONTROL                                       | FARMINGTON NM POLL CONTROL REV FARPOL 04/29 FIXED 1.8       | CUSIP: 311450GA2<br>LEI: 5493000GWMTI2L4AZA61 | Long             | DBT              | MUN               | US        |    500000 | PA      | $469377.30    | 0.14%             | 2029-04-01      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| HICKORY TREE COMMUNITY DEVELOPMENT DISTRICT                             | HICKORY TREE CMNTY DEV DIST HICKORY TREE CDD                | CUSIP: 429079AC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $242896.73    | 0.07%             | 2055-05-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| MIDA MOUNTAIN VILLAGE PUBLIC INFRASTRUCTURE DISTRICT                    | MIDA MOUNTAIN VLG PUBLIC INFRA MMVDEV 06/54 FIXED 6         | CUSIP: 59561UAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020278.60   | 0.31%             | 2054-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA                                 | MUNI ELEC AUTH OF GEORGIA MELPWR 01/49 FIXED 5              | CUSIP: 626207X25<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   2575000 | PA      | $2574034.63   | 0.79%             | 2049-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA HOUSING FINANCE AUTHOR                                          | INDIANA ST HSG   CMNTY DEV AUT INSMFH 07/56 ADJUSTABLE VAR  | CUSIP: 45506CAP2<br>LEI: 549300QRKDYVNHT1OE86 | Long             | DBT              | MUN               | US        |    295000 | PA      | $281208.99    | 0.09%             | 2056-07-01      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| MATAGORDA COUNTY NAVIGATION DIST                                        | MATAGORDA CNTY TX NAV DIST  1 MATPOL 11/29 FIXED 2.6        | CUSIP: 576528DT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $486719.35    | 0.15%             | 2029-11-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| CENTERRA METROPOLITAN DISTRICT NO 1                                     | CENTERRA CO MET DIST  1 SPL RE CETGEN 12/48 FIXED 5.25      | CUSIP: 15200XAH6<br>LEI: 549300SHE5ZPSMGZH793 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500227.25    | 0.15%             | 2048-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC MULTIFAMILY ML CERTIFICATES                                 | FREDDIE MAC MULTIFAMILY FRETE 2023 ML20 AUS                 | CUSIP: 3137HBCD4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | MUN               | US        |    491580 | PA      | $494430.77    | 0.15%             | 2040-08-25      | Variable      | 4.55%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA PUBLIC SERVICES AUTHORITY (AKA: SANTEE COOPER)           | SOUTH CAROLINA ST PUBLIC SVC A SC PUB SVC AUTH A            | CUSIP: 8371514E6<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    200000 | PA      | $210182.02    | 0.06%             | 2049-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| IOWA FINANCE AUTHORITY                                                  | IOWA ST FIN AUTH MF REVENUE IASMFH 07/43 FIXED 4.65         | CUSIP: 46246JNM3<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2014449.20   | 0.62%             | 2043-07-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| FINANCE AUTHORITY OF MAINE                                              | MAINE ST FIN AUTH SOL WST DISP MESPOL 08/35 FIXED 5         | CUSIP: 56042CAZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $704518.76    | 0.22%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF CHICAGO                                                         | CHICAGO IL CHI 01/39 FIXED 5.5                              | CUSIP: 167486P52<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    300000 | PA      | $310962.81    | 0.10%             | 2039-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CITY OF HOUSTON TX AIRPORT SYSTEM REVENUE                               | HOUSTON TX ARPT SYS REVENUE HOUAPT 07/36 FIXED 5.5          | CUSIP: 442349HW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2267850.10   | 0.70%             | 2036-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BERRY BAY II COMMUNITY DEVELOPMENT DISTRICT                             | BERRY BAY II CDD FL SPL ASSMNT BBADEV 05/31 FIXED 4.45      | CUSIP: 08577DAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $221001.84    | 0.07%             | 2031-05-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| BUCKHEAD TRAILS II COMMUNITY DEVELOPMENT DISTRICT                       | BUCKHEAD TRAILS II CDD FL SPL BHTGEN 05/46 FIXED 5.5        | CUSIP: 11837KAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $249818.20    | 0.08%             | 2046-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TEXAS TRANSPORTATION FINANCE CORP                                       | TEXAS ST TRANSPRTN FIN CORP SH TTFTRN 10/50 FIXED 5         | CUSIP: 88283PAL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3716579.88   | 1.15%             | 2050-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COMMUNITY HOUSING AGENCY                                     | CALIFORNIA CMNTY HSG AGY ESSEN CCHHSG 08/52 FIXED OID 4.5   | CUSIP: 13013FBH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $185647.30    | 0.06%             | 2052-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY                                                | PUBLIC FIN AUTH WI TOLL REVENU PUBTRN 12/65 FIXED OID 5.75  | CUSIP: 74448UAD0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1276724.13   | 0.39%             | 2065-12-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PARRISH LAKES COMMUNITY DEVELOPMENT DISTRICT                            | PARRISH LAKES CDD CAPITAL IMPT PRLDEV 05/44 FIXED 5.5       | CUSIP: 70183FAH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $464690.53    | 0.14%             | 2044-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY OF OREGON                                                    | UNIV OF OREGON OR GEN REVENUE UNOHGR 04/50 FIXED 5          | CUSIP: 914767AD0<br>LEI: 549300FHOP2K4GYRPY40 | Long             | DBT              | MUN               | US        |    200000 | PA      | $204083.50    | 0.06%             | 2050-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/PA                   | MONTGOMERY CNTY PA INDL DEV AU MONDEV 11/44 FIXED 5         | CUSIP: 613609N28<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $143017.61    | 0.04%             | 2044-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ELBERT COUNTY INDEPENDENCE WATER & SANITATION DISTRICT                  | INDEPENDENCE WTR   SANTN DIST INDUTL 12/33 FIXED OID 5.125  | CUSIP: 45380AAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    870000 | PA      | $894935.51    | 0.28%             | 2033-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| NEWFIELD COMMUNITY DEVELOPMENT DISTRICT                                 | NEWFIELD CDD FL SPL ASSMNT REV NFDDEV 05/35 FIXED 5         | CUSIP: 65128AAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    790000 | PA      | $822603.54    | 0.25%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION                         | NEW YORK ST TRANSPRTN DEV CORP NYTTRN 06/60 FIXED 5.5       | CUSIP: 650116JS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025038.60   | 0.32%             | 2060-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEWPORT ISLES COMMUNITY DEVELOPMENT DISTRICT                            | NEWPORT ISLES CDD FL SPL ASSMN NWIDEV 05/54 FIXED OID 5.2   | CUSIP: 651890AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $141190.70    | 0.04%             | 2054-05-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| CITY OF VALPARAISO IN                                                   | VALPARAISO IN MF HSG REVENUE VALMFH 12/41 FIXED 5.375       | CUSIP: 920286AA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $223491.08    | 0.07%             | 2041-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| THE ATLANTA DEVELOPMENT AUTHORITY                                       | ATLANTA GA DEV AUTH ATLDEV 12/48 INT APROID VAR             | CUSIP: 04780NMY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $225819.08    | 0.07%             | 2048-12-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| GIR EAST COMMUNITY DEVELOPMENT DISTRICT                                 | GIR EAST CDD FL CAPITAL IMPT R GIRDEV 05/45 FIXED 5.3       | CUSIP: 37611TAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $989954.90    | 0.31%             | 2045-05-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA TURNPIKE COMMISSION                                        | PENNSYLVANIA ST TURNPIKE COMMI PASTRN 12/49 FIXED 5         | CUSIP: 709225KX3<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1515000 | PA      | $1575135.20   | 0.49%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS STATE                                                     | MASSACHUSETTS ST MAS 06/51 FIXED 5                          | CUSIP: 57582TDV1<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3111327.90   | 0.96%             | 2051-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FARMS NEW KENT COMMUNITY DEVEL                                          | FARMS NEW KENT VA CMNTY DEV AU FRMDEV 03/36 FIXED 3.75      | CUSIP: 311551AD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $323606.95    | 0.10%             | 2036-03-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| NORMANDY COMMUNITY DEVELOPMENT DISTRICT                                 | NORMANDY CDD FL CAPITAL IMPT R NRMDEV 05/54 FIXED OID 5.55  | CUSIP: 65618HAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $233588.10    | 0.07%             | 2054-05-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| WASHINGTON STATE HOUSING FINANCE COMMISSION                             | WASHINGTON ST HSG FIN COMMISSI WASHSG 07/64 FIXED 7         | CUSIP: 93978LJR8<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    100000 | PA      | $102853.09    | 0.03%             | 2064-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CITY OF LAS VEGAS NV SALES TAX INCREMENT REVENUE                        | LAS VEGAS NV SALES TAX INCREME LASGEN 06/35 FIXED OID 4.375 | CUSIP: 517741AC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $285615.66    | 0.09%             | 2035-06-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ENERGY SOUTHEAST A COOPERATIVE DISTRICT                                 | ENERGY S E AL A COOPERATIVE 07/54 1                         | CUSIP: 292723BN2<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1066915.60   | 0.33%             | 2054-07-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| INDIANA HOUSING FINANCE AUTHOR                                          | INDIANA ST HSG   CMNTY DEV AUT INSMFH 01/36 FIXED 5.75      | CUSIP: 45506CAM9<br>LEI: 549300QRKDYVNHT1OE86 | Long             | DBT              | MUN               | US        |    175000 | PA      | $174982.68    | 0.05%             | 2036-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY                                                | PUBLIC FIN AUTH WI LTD OBLIG G PUBFIN 08/31 FIXED OID 6.75  | CUSIP: 74446EAB2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $700000.00    | 0.22%             | 2031-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| FLORIDA DEVELOPMENT FINANCE CORPORATION                                 | FLORIDA ST DEV FIN CORP FLSDEV 07/47 FIXED 5.25             | CUSIP: 340618DW4<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    400000 | PA      | $393058.40    | 0.12%             | 2047-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PROVIDENCE ST JOSEPH HEALTH OBLIGATED GROUP                             | PROV ST JOSEPH HLTH OBL SR UNSECURED 10/33 5.403            | CUSIP: 743820AC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    700000 | PA      | $715154.71    | 0.22%             | 2033-10-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY                                                | PUBLIC FIN AUTH WI REVENUE PUBGEN 01/61 ZEROCPNOID 0        | CUSIP: 74442PRQ0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $151528.42    | 0.05%             | 2061-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY                    | PENNSYLVANIA ST HGR EDUCTNL FA PASHGR 08/49 FIXED 5         | CUSIP: 70917S6Z1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $508570.00    | 0.16%             | 2049-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SPRING VALLEY COMMUNITY INFRASTRUCTURE DISTRICT NO 1                    | SPRING VLY CMNTY INFRASTRUCTUR SPVGEN 09/51 FIXED 3.75      | CUSIP: 850072AA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    381000 | PA      | $363432.32    | 0.11%             | 2051-09-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| MINNESOTA HOUSING FINANCE AGENCY                                        | MINNESOTA ST HSG FIN AGY MNSHSG 01/55 FIXED 6.5             | CUSIP: 60416UFQ3<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   1925000 | PA      | $2154966.47   | 0.66%             | 2055-01-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ARKANSAS DEVELOPMENT FINANCE AUTHORITY                                  | ARKANSAS ST DEV FIN AUTH INDL ARSDEV 07/48 FIXED 12         | CUSIP: 04108WCF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $541086.05    | 0.17%             | 2048-07-01      | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |
| DENTON CNTY TEX                                                         | DENTON CNTY TX SPL ASSMNT REVE DNNDEV 12/55 FIXED 6.125     | CUSIP: 24880GAS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1276231.25   | 0.39%             | 2055-12-31      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| VIRGINIA SMALL BUSINESS FING AUTH HOSP R                                | VIRGINIA ST SMALL BUSINESS FIN VBFMED 12/39 FIXED 5         | CUSIP: 928103AW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1054705.70   | 0.33%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK STATE DORMITORY AUTHORITY                                      | NEW YORK ST DORM AUTH REVENUES NYSHGR 07/36 FIXED 5         | CUSIP: 64985SBK8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    660000 | PA      | $719056.01    | 0.22%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BREVARD COUNTY HEALTH FACILITIES AUTHORITY                              | BREVARD CNTY FL HLTH FACS AUTH BREMED 04/47 FIXED 5         | CUSIP: 107416QM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020365.10   | 0.31%             | 2047-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC MULTIFAMILY M CERTIFICATES M-070                            | FREDDIE MAC MULTIFAMILY VARIAB FMMV M070 A                  | CUSIP: 3137HASB3<br>LEI: N/A                  | Long             | ABS-MBS          | MUN               | US        |    242852 | PA      | $248134.27    | 0.08%             | 2040-07-15      | Floating      | 4.27%                 | No            |                  2 | On Loan: No      |
| ST JOHNSONS CNTY FLA INDL DEV AUTH                                      | SAINT JOHNS CNTY FL INDL DEV A STJMED 12/30 FIXED 4         | CUSIP: 79041LAK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $198059.26    | 0.06%             | 2030-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL TRUST AUTHORITY                                                 | CAPITAL TRUST AUTH FL EDUCTNL CTSEDU 07/50 FIXED OID 5.25   | CUSIP: 14054WBV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1254006.78   | 0.39%             | 2050-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BABCOCK RANCH COMMUNITY INDEPENDENT SPECIAL DISTRICT                    | BABCOCK RANCH CMNTY INDEP SPL BARGEN 05/42 FIXED 5          | CUSIP: 05616KBR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300860.40    | 0.09%             | 2042-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS STATE                                                     | MASSACHUSETTS ST MAS 08/48 FIXED 5                          | CUSIP: 57582TFE7<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    700000 | PA      | $733461.68    | 0.23%             | 2048-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BELLA COLLINA COMMUNITY DEVELOPMENT DISTRICT                            | BELLA COLLINA CDD FL SPL ASSMN BCODEV 05/44 FIXED OID 5     | CUSIP: 07819AAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $249991.50    | 0.08%             | 2044-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY                             | CALIFORNIA ST EDUCTNL FACS AUT CASEDU 10/53 FIXED OID 5.5   | CUSIP: 130179VJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $973810.70    | 0.30%             | 2053-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FINANCE AUTHORITY                                              | ILLINOIS ST FIN AUTH REVENUE ILSGEN 05/54 FIXED 5.5         | CUSIP: 45204EC48<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    400000 | PA      | $337419.48    | 0.10%             | 2054-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TOB SECURITIZATION AUTH NORTHNCALIF                                     | TOBACCO SECURITIZATION AUTH NT TOBGEN 06/60 ZEROCPNOID 0    | CUSIP: 888794CA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $382596.50    | 0.12%             | 2060-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MAGNOLIA ISLAND COMMUNITY DEVELOPMENT DISTRICT                          | MAGNOLIA ISLAND CDD FL CAPITAL MGIDEV 05/45 FIXED 5.55      | CUSIP: 559613AB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250969.35    | 0.08%             | 2045-05-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| TARRANT COUNTY CULTURAL EDUCATION FACILITIES FINANCE CORPORATION        | TARRANT CNTY TX CULTURAL EDU F TAREDU 11/63 ADJUSTABLE VAR  | CUSIP: 87638QVH9<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 1.54%             | 2063-11-15      | Variable      | 1.40%                 | No            |                  2 | On Loan: No      |
| NORTHERN TOB SECURIZATION CORP ALASKA                                   | NTHRN AK TOBACCO SECURITIZATIO NRTFAC 06/66 ZEROCPNOID 0    | CUSIP: 66585VCB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $483810.30    | 0.15%             | 2066-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC MULTIFAMILY ML CERTIFICATES                                 | FREDDIE MAC MULTIFAMILY FRETE 2023 ML17 A                   | CUSIP: 3137HAMK9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | MUN               | US        |    195443 | PA      | $167774.83    | 0.05%             | 2043-04-25      | Variable      | 3.08%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                             | ILLINOIS ST ILS 10/33 FIXED 5                               | CUSIP: 4521522R1<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1035042.30   | 0.32%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF CELINA TX                                                       | CELINA TX SPL ASSESSMENT REVEN CELGEN 09/54 FIXED 5.5       | CUSIP: 15114CJU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $506934.75    | 0.16%             | 2054-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DALLAS FORT WORTH INTERNATIONAL AIRPORT                                 | DALLAS FORT WORTH TX INTERNATI DALAPT 11/43 FIXED 5.25      | CUSIP: 23503CGE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1068914.70   | 0.33%             | 2043-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ARKANSAS DEVELOPMENT FINANCE AUTHORITY                                  | ARKANSAS DEV FIN AUTH ENVIRONM ARSDEV 09/46 ADJUSTABLE VAR  | CUSIP: 04110FAD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2982453.90   | 0.92%             | 2046-09-01      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| SPARTANBURG REGIONAL HEALTH SERVICES DISTRICT                           | SPARTANBURG SC REGL HLTH SVCS SPAMED 04/48 FIXED 5          | CUSIP: 847113CH8<br>LEI: 549300CVHLQ72HQF3340 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1207790.52   | 0.37%             | 2048-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DISTRICT                                          | BLACK BELT ENERGY GAS DIST AL BBEUTL 12/55 ADJUSTABLE VAR   | CUSIP: 09182TGC5<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    300000 | PA      | $317524.71    | 0.10%             | 2055-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC MULTIFAMILY ML CERTIFICATES                                 | FREDDIE MAC MULTIFAMILY FRETE 2023 ML15 A                   | CUSIP: 3137HA4G8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | MUN               | US        |    485907 | PA      | $481935.21    | 0.15%             | 2040-01-25      | Variable      | 4.14%                 | No            |                  2 | On Loan: No      |
| GOLDEN STATE TOBACCO SECURITIZATION                                     | GOLDEN ST TOBACCO SECURITIZATI GLDGEN 06/51 FIXED 5         | CUSIP: 38122ND90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $294044.34    | 0.09%             | 2051-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO GOVT                                                        | PUERTO RICO CMWLTH PRC 11/51 ADJUSTABLE VAR                 | CUSIP: 74514L4C8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |   3133729 | PA      | $2174024.60   | 0.67%             | 2051-11-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CITY OF DALLAS HOUSING FINANCE CORPORATION                              | DALLAS TX HSG FIN CORP RSDL DE DALHSG 12/62 FIXED OID 6     | CUSIP: 23529CAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $231890.88    | 0.07%             | 2062-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                             | ILLINOIS ST ILS 05/30 FIXED OID 5.5                         | CUSIP: 4521526K2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    850000 | PA      | $901031.37    | 0.28%             | 2030-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CHICAGO TRANSIT AUTHORITY SALES TAX RECEIPTS FUND                       | CHICAGO IL TRANSIT AUTH SALES CHITRN 12/49 FIXED 5          | CUSIP: 16772PEP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $304356.60    | 0.09%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SUFFOLK TOBACCO ASSET SECURITIZATION CORPORATION                        | SUFFOLK NY TOBACCO ASSET SECUR SFKSEC 06/66 ZEROCPNOID 0    | CUSIP: 864809CD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $169624.40    | 0.05%             | 2066-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DISTRICT                                          | BLACK BELT ENERGY GAS DIST AL BLACK BELT ENGY GAS C         | CUSIP: 09182TDB0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2158851.00   | 0.67%             | 2054-10-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| STATE OF ILLINOIS SALES TAX REVENUE                                     | ILLINOIS ST SALES TAX REVENUE ILSGEN 06/34 FIXED 3          | CUSIP: 452227KF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1180000 | PA      | $1087590.07   | 0.34%             | 2034-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK STATE THRUWAY AUTHORITY                                        | NEW YORK ST THRUWAY AUTH PERSO NYSTRN 03/49 FIXED OID 5     | CUSIP: 650028B36<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3030000 | PA      | $3137959.20   | 0.97%             | 2049-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** PIMCO Managed Accounts Trust

**Signature:** /s/ Bijal Parikh

**Name of Signer:** Bijal Parikh

**Title:** Treasurer