# EDGAR Filing Document

**Accession Number:** 0001047304
**File Stem:** 0001099263-26-007269
**Filing Date:** 2026-5
**Character Count:** 4326537
**Document Hash:** 541178016f55aff68a7a011ed03d40e8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001099263-26-007269.hdr.sgml**: 20260529

**ACCESSION NUMBER**: 0001099263-26-007269

**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 VARIABLE INSURANCE TRUST
- **CENTRAL INDEX KEY:** 0001047304

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08399
- **FILM NUMBER:** 261043477

**BUSINESS ADDRESS:**
- **STREET 1:** 650 NEWPORT CENTER DRIVE
- **CITY:** NEWPORT BEACH
- **STATE:** CA
- **ZIP:** 92660
- **BUSINESS PHONE:** 9497204721

**MAIL ADDRESS:**
- **STREET 1:** 650 NEWPORT CENTER DRIVE
- **CITY:** NEWPORT BEACH
- **STATE:** CA
- **ZIP:** 92660

## Series and Classes Contracts Data

### PIMCO International Bond Portfolio (U.S. Dollar-Hedged) (Series ID: S000009669)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000026495 | Administrative | VPVFHIV         |
| C000026496 | Institutional  | VPVFHDV         |
| C000139585 | Advisor        | PVITFBP         |

## Nport-Ex

<br> Schedule of Investments PIMCO All Asset Portfolio 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)** |
|  | SHARES | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN AFFILIATES 100.1%**  |  |  |
| **MUTUAL FUNDS (a) 99.5%**  |  |  |
| **PIMCO All Asset: Multi-RAE PLUS Fund**  | 3134942 | $33168 |
| **PIMCO All Asset: Multi-Real Fund**  | 4139461 | 40774 |
| **PIMCO Emerging Markets Bond Fund**  | 112435 | 996 |
| **PIMCO Emerging Markets Currency and Short-Term Investments Fund**  | 969371 | 7319 |
| **PIMCO Emerging Markets Local Currency and Bond Fund**  | 2616418 | 15986 |
| **PIMCO Extended Duration Fund**  | 234127 | 2938 |
| **PIMCO High Yield Fund**  | 926845 | 7406 |
| **PIMCO High Yield Spectrum Fund**  | 294891 | 2695 |
| **PIMCO Income Fund**  | 239656 | 2584 |
| **PIMCO International Bond Fund (U.S. Dollar-Hedged)**  | 643851 | 6233 |
| **PIMCO Investment Grade Credit Bond Fund**  | 142200 | 1283 |
| **PIMCO Long Duration Total Return Fund**  | 478419 | 3402 |
| **PIMCO Long-Term U.S. Government Fund**  | 333910 | 4621 |
| **PIMCO Low Duration Fund**  | 1176843 | 10909 |
| **PIMCO RAE Emerging Markets Fund**  | 380706 | 4881 |
| **PIMCO RAE Fundamental Advantage PLUS Fund**  | 753172 | 6741 |
| **PIMCO RAE International Fund**  | 136426 | 1357 |
| **PIMCO RAE PLUS EMG Fund**  | 223264 | 1969 |
| **PIMCO RAE PLUS International Fund**  | 207137 | 2003 |
| **PIMCO RAE U.S. Fund**  | 145131 | 2139 |
| **PIMCO RAE U.S. Small Fund**  | 265515 | 3120 |
| **PIMCO RAE Worldwide Long/Short PLUS Fund**  | 819484 | 6597 |
| **PIMCO Real Return Fund**  | 203364 | 2101 |
| **PIMCO RealEstateRealReturn Strategy Fund**  | 131630 | 3688 |
| **PIMCO Total Return Fund**  | 1633234 | 14274 |
| **PIMCO TRENDS Managed Futures Strategy Fund**  | 747280 | 8302 |
| Total Mutual Funds (Cost $179,972) |  | 197486 |
| **SHORT-TERM INSTRUMENTS 0.6%**  |  |  |
| **MUTUAL FUNDS 0.6%**  |  |  |
| **PIMCO Government Money Market Fund** <br> 3.740% (b) | 1182245 | 1182 |
| Total Short-Term Instruments (Cost $1,182) |  | 1182 |
| Total Investments in Affiliates (Cost $181,154) |  | 198668 |
| Total Investments 100.1% (Cost $181,154) |  | $198668 |
| Other Assets and Liabilities, net (0.1)% |  | (259) |
| Net Assets 100.0% |  | $198409 |

---

------

<br> Schedule of Investments PIMCO All Asset Portfolio (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:**  |
| **\* 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.** |
| **(a)** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** |
| **(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.** |
| **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**: |
| Category and Subcategory | Category and Subcategory | Level 1 | Level 3 | Fair Value<br>at 03/31/2026 |
| Mutual Funds | Mutual Funds | $197486 | $0 | $197486 |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Mutual Funds | Mutual Funds | 1182 | 0 | 1182 |
| Total Investments | Total Investments | $198668 | $0 | $198668 |
| **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.** |

---

------

Notes to Financial Statements

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

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

**(a) Investment Valuation Policies** The net asset value ("NAV") of the Portfolio's shares, or each of its share classes, as applicable, is determined by dividing the total value of portfolio investments and other assets attributable to the 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, the 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 Portfolio or its agents after the time as of which NAV has been calculated on a particular day will not generally be used to retroactively adjust the price of a security or the NAV determined earlier that day. If regular trading on the NYSE closes earlier than scheduled, the Portfolio may calculate its NAV as of the earlier closing time or calculate its NAV as of the NYSE Close for that day. The 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, the Portfolio may calculate its NAV as of the NYSE Close for such day or such other time that the 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 the 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 Portfolio will normally use pricing data for domestic equity securities received shortly after the NYSE Close and does not normally take into account trading, clearances or settlements that take place after the NYSE Close. A foreign (non-U.S.) equity security traded on a foreign exchange or on more than one exchange is typically valued using pricing information from the exchange considered by Pacific Investment Management Company LLC ("PIMCO") to be the primary exchange. If market value pricing is used, a foreign (non-U.S.) equity security will be valued as of the close of trading on the foreign exchange, or the NYSE Close, if the NYSE Close occurs before the end of trading on the foreign exchange.

Investments for which market quotations are not readily available are valued at fair value as determined in good faith pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended (the "Act"). As a general principle, the fair value of a security or other asset is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Pursuant to Rule 2a-5, the Board of Trustees has designated PIMCO as the valuation designee ("Valuation Designee") for the 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 the 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. Open-end management investment companies may include affiliated funds.

If a foreign (non-U.S.) equity security's value has materially changed after the close of the security's primary exchange or principal market but before the NYSE Close, the security may be valued at fair value. Foreign (non-U.S.) equity securities that do not trade when the NYSE is open are also valued at fair value. With respect to foreign (non-U.S.) equity securities, the 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. The 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 the Trust is not open for business, which may result in the 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 the 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 the Trust is not open for business. As a result, to the extent that the 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 the 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 the 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 the 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 the Portfolio may differ from the value that would be realized if the securities were sold. The Portfolio's use of fair valuation may also help to deter "stale price arbitrage" as discussed under the " Frequent or Excessive Purchases, Exchanges and Redemptions " section in the Portfolio's prospectus.

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

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

------

Notes to Financial Statements (Cont.)

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

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

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

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

In accordance with the requirements of U.S. GAAP, the amounts of transfers into and out of Level 3, if material, are disclosed in the Notes to Schedule of Investments for the 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 of the Portfolio's assets and liabilities. Additionally, U.S. GAAP requires quantitative information regarding the significant unobservable inputs used in the determination of fair value of assets or liabilities categorized as Level 3 in the fair value hierarchy. In accordance with the requirements of U.S. GAAP, a fair value hierarchy and, if material, a Level 3 reconciliation and details of significant unobservable inputs, have been included in the Notes to Schedule of Investments for the 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 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 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.

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Notes to Financial Statements (Cont.)

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

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

**2. FEDERAL INCOME TAX MATTERS**

The 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.

The 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 Portfolio's tax positions for all open tax years. As of March 31, 2026, the Portfolio has recorded no liability for net unrecognized tax benefits relating to uncertain income tax positions it has taken or expects to take in future tax returns.

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

Shares of the Portfolio currently are sold to segregated asset accounts ("Separate Accounts") of insurance companies that fund variable annuity contracts and variable life insurance policies ("Variable Contracts"). Please refer to the prospectus for the Separate Account and Variable Contract for information regarding Federal income tax treatment of distributions to the Separate Account.

**3. INVESTMENTS IN AFFILIATES** 

The Portfolio invests under normal circumstances substantially all or a significant portion of its assets in the least expensive class of shares of any actively managed or smart beta funds (including mutual funds or exchange-traded funds) of PIMCO Funds, PIMCO ETF Trust or PIMCO Equity Series, each an affiliated open-end investment company (collectively, "Underlying PIMCO Funds"). The Underlying PIMCO Funds are considered to be affiliated with the Portfolio. The 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 the Act, rules thereunder or exemptive relief therefrom. The Central Funds are registered investment companies created for use solely by the series of the Trust and other series of registered investment companies advised by the Adviser, in connection with their cash management activities. The main investments of the Central Funds are money market and short maturity fixed income instruments. The Central Funds may incur expenses related to their investment activities, but do not pay Investment Advisory Fees or Supervisory and Administrative Fees to the Adviser. The Central Funds are considered to be affiliated with the Portfolio. 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 Portfolio's website at www.pimco.com, or upon request, as applicable. The table below shows the Portfolio's transactions in and earnings from investments in the affiliated funds for the period ended March 31, 2026 (amounts in thousands<sup>†</sup>):

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Underlying PIMCO Funds**<br>| **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 All Asset: Multi-RAE PLUS Fund | $37656 | $0 | $(5619) | $468 | $663 | $33168 | $0 | $0 |
| PIMCO All Asset: Multi-Real Fund | 38840 | 755 | (2457) | 169 | 3467 | 40774 | 0 | 0 |
| PIMCO Emerging Markets Bond Fund | 0 | 1022 | 0 | 0 | (26) | 996 | 4 | 0 |
| PIMCO Emerging Markets Currency and Short-Term Investments Fund | 8222 | 175 | (963) | (17) | (98) | 7319 | 177 | 0 |
| PIMCO Emerging Markets Local Currency and Bond Fund | 15380 | 1810 | (470) | 0 | (734) | 15986 | 286 | 0 |
| PIMCO Extended Duration Fund | 3070 | 391 | (506) | (21) | 4 | 2938 | 30 | 0 |
| PIMCO Government Money Market Fund | 1198 | 8429 | (8445) | 0 | 0 | 1182 | 10 | 0 |
| PIMCO High Yield Fund | 6595 | 1169 | (193) | 2 | (167) | 7406 | 108 | 0 |
| PIMCO High Yield Spectrum Fund | 2239 | 550 | (21) | 0 | (73) | 2695 | 42 | 0 |
| PIMCO Income Fund | 2443 | 386 | (195) | (1) | (49) | 2584 | 35 | 0 |
| PIMCO International Bond Fund (U.S. Dollar-Hedged) | 4510 | 1924 | (45) | 0 | (156) | 6233 | 53 | 0 |
| PIMCO Investment Grade Credit Bond Fund | 1357 | 17 | (65) | (2) | (24) | 1283 | 16 | 0 |
| PIMCO Long Duration Total Return Fund | 3690 | 306 | (530) | (1) | (63) | 3402 | 40 | 0 |

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Notes to Financial Statements (Cont.)

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| PIMCO Long-Term Real Return Fund | 1320 | 178 | (1522) | (51) | 75 | 0 | 1 | 0 |
| PIMCO Long-Term U.S. Government Fund | 4916 | 491 | (735) | (4) | (47) | 4621 | 47 | 0 |
| PIMCO Low Duration Fund | 10703 | 2829 | (2519) | 1 | (105) | 10909 | 109 | 0 |
| PIMCO RAE Emerging Markets Fund | 5650 | 0 | (1216) | 220 | 227 | 4881 | 0 | 0 |
| PIMCO RAE Fundamental Advantage PLUS Fund | 6309 | 83 | (293) | 5 | 637 | 6741 | 83 | 0 |
| PIMCO RAE International Fund | 2058 | 0 | (885) | 191 | (7) | 1357 | 0 | 0 |
| PIMCO RAE PLUS EMG Fund | 1918 | 14 | (74) | 14 | 97 | 1969 | 14 | 0 |
| PIMCO RAE PLUS International Fund | 1927 | 19 | (85) | 5 | 137 | 2003 | 19 | 0 |
| PIMCO RAE U.S. Fund | 1591 | 488 | (66) | 0 | 126 | 2139 | 0 | 0 |
| PIMCO RAE U.S. Small Fund | 2840 | 349 | (90) | 0 | 21 | 3120 | 0 | 0 |
| PIMCO RAE Worldwide Long/Short PLUS Fund | 6300 | 0 | (279) | (6) | 582 | 6597 | 0 | 0 |
| PIMCO Real Return Fund | 1780 | 375 | (44) | 0 | (10) | 2101 | 5 | 0 |
| PIMCO RealEstateRealReturn Strategy Fund | 3311 | 370 | (113) | 2 | 118 | 3688 | 11 | 0 |
| PIMCO Total Return Fund | 15265 | 1503 | (2305) | 42 | (231) | 14274 | 159 | 0 |
| PIMCO TRENDS Managed Futures Strategy Fund | 8155 | 192 | (362) | (19) | 336 | 8302 | 0 | 0 |
| **Totals** | $**199243** | $**23825** | $**(30097)** | $**997** | $**4700** | $**198668** | $**1249** | $**0** |

---

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

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

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| | | |
|:---|:---|:---|
| **Glossary: (abbreviations that may be used in the preceding statements)** | **Glossary: (abbreviations that may be used in the preceding statements)** | (Unaudited) |
| **Currency Abbreviations:** | **Currency Abbreviations:** |  |
| **USD (or $)** | United States Dollar |  |
| **Other Abbreviations:** | **Other Abbreviations:** |  |
| **TBA** | To-Be-Announced |  |

---

------

<br> Schedule of Investments PIMCO Balanced Allocation Portfolio 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 63.2% ¤** |  |  |
| **CORPORATE BONDS & NOTES 4.1%**  |  |  |
| **BANKING & FINANCE 2.8%**  |  |  |
| **American Express Co.** <br>5.850% due 11/05/2027 | $300 | $307 |
| **Barclays PLC** <br>4.972% due 05/16/2029 •  | 200 | 201 |
| **Blackstone Holdings Finance Co. LLC** <br>5.900% due 11/03/2027 | 200 | 204 |
| **Broadstone Net Lease LLC** <br>2.600% due 09/15/2031 | 100 | 88 |
| **Brookfield Finance, Inc.** <br>4.850% due 03/29/2029 | 100 | 100 |
| **Carlyle Finance Subsidiary LLC** <br>3.500% due 09/19/2029 | 100 | 96 |
| **Corebridge Financial, Inc.** <br>3.850% due 04/05/2029 | 200 | 195 |
| **Credit Suisse AG AT1 Claim** <br>1.000% due 12/31/2060 | 400 | 140 |
| **Goldman Sachs Group, Inc.** <br>3.691% due 06/05/2028 •  | 400 | 397 |
| **HSBC Holdings PLC** <br>4.583% due 06/19/2029 •  | 200 | 200 |
| **JPMorgan Chase & Co.** <br>3.782% due 02/01/2028 •  | 300 | 299 |
| **LXP Industrial Trust** <br>2.375% due 10/01/2031 | 300 | 261 |
| **Mitsubishi UFJ Financial Group, Inc.** <br>2.757% due 09/13/2026 | 200 | 199 |
| **Morgan Stanley**  |  |  |
| 4.687% (SOFRRATE + 1.020%) due 04/13/2028 ~  | 200 | 201 |
| 5.652% due 04/13/2028 •  | 100 | 101 |
| **NatWest Group PLC** <br>1.642% due 06/14/2027 •  | 200 | 199 |
| **Realty Income Corp.**  |  |  |
| 3.100% due 12/15/2029  | 100 | 95 |
| 4.000% due 07/15/2029  | 100 | 99 |
| **Sabra Health Care LP** <br>3.900% due 10/15/2029 | 100 | 97 |
| **Wells Fargo & Co.**  |  |  |
| 3.196% due 06/17/2027 •  | 100 | 100 |
| 4.150% due 01/24/2029  | 200 | 199 |
|  |  | 3778 |
| **INDUSTRIALS 1.2%**  |  |  |
| **Air Canada Pass-Through Trust** <br>3.750% due 06/15/2029 | 54 | 54 |
| **American Airlines Pass-Through Trust** <br>3.500% due 08/15/2033 | 135 | 125 |
| **Beignet Investor LLC** <br>6.581% due 05/30/2049 | 630 | 648 |
| **British Airways Pass-Through Trust** <br>3.300% due 06/15/2034 | 211 | 199 |
| **Broadcom, Inc.** <br>3.187% due 11/15/2036 | 100 | 84 |
| **Choice Hotels International, Inc.** <br>3.700% due 12/01/2029 | 100 | 96 |
| **Energy Transfer LP** <br>3.900% due 07/15/2026 | 100 | 100 |
| **Gartner, Inc.** <br>5.600% due 11/20/2035 | 100 | 95 |
| **Nissan Motor Co. Ltd.** <br>4.345% due 09/17/2027 | 300 | 292 |
|  |  | 1693 |
| **UTILITIES 0.1%**  |  |  |
| **ONEOK, Inc.** <br>4.550% due 07/15/2028 | 100 | 100 |

---

------

<br> Schedule of Investments PIMCO Balanced Allocation Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total Corporate Bonds & Notes (Cost $5,569) |  | 5571 |
| **U.S. GOVERNMENT AGENCIES 6.8%**  |  |  |
| **Federal Home Loan Mortgage Corp.**  |  |  |
| 2.500% due 09/01/2051 | 896 | 754 |
| 5.500% due 02/01/2055 - 10/01/2055 | 163 | 166 |
| 6.000% due 02/01/2055 | 113 | 117 |
| **Federal National Mortgage Association**  |  |  |
| 2.500% due 12/01/2051 | 440 | 370 |
| 4.000% due 10/01/2042 | 64 | 63 |
| 4.500% due 07/01/2053 - 12/01/2053 | 1879 | 1817 |
| 5.500% due 10/01/2055 | 100 | 102 |
| 6.000% due 08/01/2054 - 03/01/2055 | 124 | 128 |
| **Federal National Mortgage Association REMICS**  |  |  |
| 4.196% due 11/25/2046 •  | 69 | 68 |
| 4.246% due 07/25/2046 •  | 24 | 24 |
| 4.266% due 09/25/2046 •  | 27 | 26 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 3.000% due 06/01/2040 | 2600 | 2280 |
| 4.000% due 06/01/2056 | 2800 | 2637 |
| 4.500% due 05/01/2056 | 700 | 675 |
| Total U.S. Government Agencies (Cost $9,141) |  | 9227 |
| **U.S. TREASURY OBLIGATIONS 11.6%**  |  |  |
| **U.S. Treasury Bonds**  |  |  |
| 1.750% due 08/15/2041 | 1100 | 736 |
| 1.875% due 02/15/2041 | 600 | 416 |
| 2.000% due 11/15/2041 | 2000 | 1384 |
| 2.250% due 05/15/2041 | 3400 | 2479 |
| 2.375% due 02/15/2042 | 200 | 146 |
| 2.375% due 05/15/2051 | 1800 | 1126 |
| 4.125% due 08/15/2044 | 1100 | 998 |
| 4.750% due 08/15/2055 | 400 | 390 |
| **U.S. Treasury Inflation Protected Securities (a)** |  |  |
| 1.750% due 01/15/2034  | 1587 | 1581 |
| 2.125% due 01/15/2035  | 824 | 839 |
| **U.S. Treasury Notes**  |  |  |
| 0.375% due 09/30/2027 | 100 | 95 |
| 0.500% due 10/31/2027 | 100 | 95 |
| 0.625% due 11/30/2027 | 300 | 284 |
| 0.750% due 01/31/2028 | 500 | 473 |
| 3.500% due 09/30/2029 | 2000 | 1976 |
| 4.000% due 06/30/2028 | 1800 | 1808 |
| 4.125% due 10/31/2027 | 900 | 904 |
| Total U.S. Treasury Obligations (Cost $18,794) |  | 15730 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 0.3%**  |  |  |
| **Banc of America Funding Trust** <br>4.096% due 08/27/2036 ~ | 57 | 55 |
| **Bank** <br>4.165% due 05/15/2061 ~ | 42 | 42 |
| **Citigroup Mortgage Loan Trust, Inc.** <br>4.972% due 07/25/2037 ~ | 29 | 26 |
| **Deutsche Alt-B Securities, Inc. Mortgage Loan Trust** <br>6.500% due 10/25/2036 þ | 23 | 20 |
| **Grifonas Finance No. 1 PLC** <br>2.419% due 08/28/2039 •  | 9 | 10 |
| **Lehman XS Trust** <br>4.193% due 07/25/2047 •  | $163 | 164 |
| **Morgan Stanley Capital I Trust** <br>3.912% due 09/09/2032 | 100 | 93 |
| Total Non-Agency Mortgage-Backed Securities (Cost $406) |  | 410 |
| **ASSET-BACKED SECURITIES 1.4%**  |  |  |
| **AUTOMOBILE SEQUENTIAL 0.3%**  |  |  |
| **Upgrade Auto Receivables Trust** <br>4.540% due 05/15/2029 | 469 | 469 |
| **CMBS OTHER 0.1%**  |  |  |
| **PFP Ltd.** <br>5.501% due 09/17/2039 •  | 87 | 87 |
| **HOME EQUITY OTHER 1.0%**  |  |  |
| **CIT Mortgage Loan Trust** <br>5.293% due 10/25/2037 •  | 60 | 61 |
| **Countrywide Asset-Backed Certificates Trust**  |  |  |
| 3.993% due 06/25/2047 •  | 89 | 80 |
| 4.253% due 05/25/2037 •  | 416 | 391 |

---

------

<br> Schedule of Investments PIMCO Balanced Allocation Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Fremont Home Loan Trust** <br>4.093% due 10/25/2036 •  |  | 335 | 132 |
| **GSAMP Trust** <br>4.573% due 07/25/2045 •  |  | 8 | 8 |
| **JP Morgan Mortgage Acquisition Corp.** <br>4.378% due 05/25/2035 •  |  | 52 | 52 |
| **Long Beach Mortgage Loan Trust** <br>4.843% due 06/25/2035 •  |  | 140 | 138 |
| **Morgan Stanley ABS Capital I, Inc. Trust** <br>3.923% due 10/25/2036 •  |  | 108 | 97 |
| **Option One Mortgage Loan Trust** <br>4.558% due 08/25/2035 •  |  | 55 | 54 |
| **Structured Asset Investment Loan Trust** <br>4.138% due 07/25/2036 •  |  | 487 | 284 |
|  |  |  | 1297 |
| **OTHER ABS 0.0%**  |  |  |  |
| **ECMC Group Student Loan Trust** <br>4.526% due 02/27/2068 •  |  | 35 | 35 |
| Total Asset-Backed Securities (Cost $1,977) |  |  | 1888 |
| **SOVEREIGN ISSUES 0.3%**  |  |  |  |
| **Cassa Depositi e Prestiti SpA** <br>5.875% due 04/30/2029 |  | 300 | 313 |
| **Japan Government Thirty Year Bonds** <br>3.200% due 09/20/2055 | JPY | 20000 | 116 |
| Total Sovereign Issues (Cost $424) |  |  | 429 |
| **SHORT-TERM INSTRUMENTS 38.7%**  |  |  |  |
| **REPURCHASE AGREEMENTS (c) 38.7%** |  |  | 52300 |
| Total Short-Term Instruments (Cost $52,300) |  |  | 52300 |
| Total Investments in Securities (Cost $88,611) |  |  | 85555 |
|  |  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 33.9%**  |  |  |  |
| **MUTUAL FUNDS 15.8% (b)** |  |  |  |
| **PIMCO Income Fund**  |  | 1462818 | 15769 |
| **PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund**  |  | 112600 | 5585 |
| Total Mutual Funds (Cost $22,542) |  |  | 21354 |
| **SHORT-TERM INSTRUMENTS 18.1%**  |  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 18.1%**  |  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** |  | 2509949 | 24445 |
| Total Short-Term Instruments (Cost $24,415) |  |  | 24445 |
| Total Investments in Affiliates (Cost $46,957) |  |  | 45799 |
| Total Investments 97.1% (Cost $135,568) |  |  | $131354 |
| **Financial Derivative Instruments (d)(e) 1.7**%(Cost or Premiums, net $137) |  |  | 2364 |
| Other Assets and Liabilities, net 1.2% |  |  | 1560 |
| Net Assets 100.0% |  |  | $135278 |

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<br> Schedule of Investments PIMCO Balanced Allocation Portfolio (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.** |
| **~** | **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)** | **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.** |
| **(b)** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** |
| **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** |
| **(c)** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** |
| Counterparty | Lending<br>Rate | Maturity<br>Date |  | Principal<br>Amount | Principal<br>Amount | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | Collateral<br>(Received) | Collateral<br>(Received) | Collateral<br>(Received) | Repurchase<br>Agreements,<br>at Value | Repurchase<br>Agreement<br>Proceeds<br>to be<br>Received<sup>(1)</sup> |
| BOS | 3.670%  | 04/01/2026 | $ | 7200 | 7200 | &nbsp;&nbsp; U.S. Treasury Notes 3.625% due 10/31/2030 | &nbsp;&nbsp; U.S. Treasury Notes 3.625% due 10/31/2030 | &nbsp;&nbsp; U.S. Treasury Notes 3.625% due 10/31/2030 | $(7365) | (7365) | (7365) | 7200 | $7201 |
|  | 3.710  | 04/01/2026 |  | 44800 | 44800 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 03/31/2029 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 03/31/2029 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 03/31/2029 | (45757) | (45757) | (45757) | 44800 | 44805 |
|  | 3.720  | 04/01/2026 |  | 300 | 300 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 10/31/2029 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 10/31/2029 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 10/31/2029 | (306) | (306) | (306) | 300 | 300 |
| **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** |  |  | $**(53428)** | **(53428)** | **(53428)** | **52300** | $**52306** |
| <sup>(1)</sup> | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. |
| **(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** | **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><sup>(1)</sup> | <u>Variation Margin</u><sup>(1)</sup> | <u>Variation Margin</u><sup>(1)</sup> |
| Description | Description | Description |  | 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 | Asset | Liability |
| Australia Government 10-Year Bond June Futures  | Australia Government 10-Year Bond June Futures  | Australia Government 10-Year Bond June Futures  | Australia Government 10-Year Bond June Futures  | 06/2026 | 10 | 10 | 743 | $(4) | (4) | (4) | 7 | 7 | 0 |
| E-Mini S&P 500 Index June Futures  | E-Mini S&P 500 Index June Futures  | E-Mini S&P 500 Index June Futures  | E-Mini S&P 500 Index June Futures  | 06/2026 | 146 | 146 | 47966 | (839) | (839) | (839) | 1323 | 1323 | 0 |
| Mini MSCI EAFE Index June Futures  | Mini MSCI EAFE Index June Futures  | Mini MSCI EAFE Index June Futures  | Mini MSCI EAFE Index June Futures  | 06/2026 | 236 | 236 | 34233 | (270) | (270) | (270) | 1020 | 1020 | (1) |
| 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 | 20 | 20 | 4149 | (15) | (15) | (15) | 2 | 2 | 0 |
| 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 | 65 | 65 | 7032 | (89) | (89) | (89) | 9 | 9 | 0 |
| 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 | 53 | 53 | 5885 | (121) | (121) | (121) | 13 | 13 | 0 |
| U.S. Treasury Ultra Long-Term Bond June Futures  | U.S. Treasury Ultra Long-Term Bond June Futures  | U.S. Treasury Ultra Long-Term Bond June Futures  | U.S. Treasury Ultra Long-Term Bond June Futures  | 06/2026 | 6 | 6 | 699 | (22) | (22) | (22) | 1 | 1 | 0 |
|  |  |  |  |  |  |  |  | (1360) | (1360) | $ | 2375 | $ | (1) |
| **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><sup>(1)</sup> | <u>Variation Margin</u><sup>(1)</sup> | <u>Variation Margin</u><sup>(1)</sup> |
| Description | Description | Description |  | 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 | 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  | 06/2026 | 43 | 43 | (4881) | $112 | 112 | 112 | 0 | 0 | (13) |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **(1248)** | **(1248)** | **$** | **2375** | **$** | **(14)** |
| **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>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Reference Entity | Fixed <br>Receive Rate | Maturity<br>Date | Implied<br>Credit Spread at<br>March 31, 2026<sup>(3)</sup> | Implied<br>Credit Spread at<br>March 31, 2026<sup>(3)</sup> | Notional<br>Amount<sup>(4)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Asset | Liability |
| Deutsche Bank  | 1.000% | 12/20/2032 | 1.263 | % | 150 | 150 | $(2) | (1) | (3) | (3) | (3) | 0 | $0 |

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<br> Schedule of Investments PIMCO Balanced Allocation Portfolio (Cont.) March 31, 2026 (Unaudited)

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| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **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> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Pay/<br>Receive<br>Floating Rate | 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) | Market<br>Value | Market<br>Value | Asset | Asset | Asset | Liability |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.620% | Annual | Annual | 02/14/2030 | 2100 | 33 | 33 | (36) | $(3) | (3) | $0 | 0 | 0 | $(2) |
| Receive<sup>(6)</sup> | Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.325 | Annual | Annual | 08/31/2030 | 2207 | 7 | 7 | 15 | 22 | 22 | 0 | 0 | 0 | (2) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 4.012 | Annual | Annual | 02/14/2035 | 1100 | 0 | 0 | (17) | (17) | (17) | 0 | 0 | 0 | (1) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.640 | Annual | Annual | 08/15/2035 | 300 | 1 | 1 | 4 | 5 | 5 | 0 | 0 | 0 | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.700 | Annual | Annual | 08/15/2035 | 300 | 0 | 0 | 3 | 3 | 3 | 0 | 0 | 0 | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.715 | Annual | Annual | 08/15/2035 | 533 | 1 | 1 | 4 | 5 | 5 | 0 | 0 | 0 | (1) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.000 | Annual | Annual | 02/12/2055 | 600 | 97 | 97 | 20 | 117 | 117 | 2 | 2 | 2 | 0 |
|  |  |  |  |  |  |  |  | $ | 139 | $ | (7) | 132 | $ | 2 | 2 | $ | (6) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | **137** | **$** | **(8)** | **129** | **$** | **2** | **2** | **$** | **(6)** |
| **Cash of $5,472 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $5,472 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $5,472 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $5,472 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $5,472 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $5,472 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $5,472 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $5,472 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $5,472 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $5,472 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $5,472 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $5,472 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $5,472 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $5,472 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $5,472 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $5,472 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $5,472 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $5,472 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** |
| <sup>(1)</sup> | Unsettled variation margin asset of $2 for closed futures is outstanding at period end. | Unsettled variation margin asset of $2 for closed futures is outstanding at period end. | Unsettled variation margin asset of $2 for closed futures is outstanding at period end. | Unsettled variation margin asset of $2 for closed futures is outstanding at period end. | Unsettled variation margin asset of $2 for closed futures is outstanding at period end. | Unsettled variation margin asset of $2 for closed futures is outstanding at period end. | Unsettled variation margin asset of $2 for closed futures is outstanding at period end. | Unsettled variation margin asset of $2 for closed futures is outstanding at period end. | Unsettled variation margin asset of $2 for closed futures is outstanding at period end. | Unsettled variation margin asset of $2 for closed futures is outstanding at period end. | Unsettled variation margin asset of $2 for closed futures is outstanding at period end. | Unsettled variation margin asset of $2 for closed futures is outstanding at period end. | Unsettled variation margin asset of $2 for closed futures is outstanding at period end. | Unsettled variation margin asset of $2 for closed futures is outstanding at period end. | Unsettled variation margin asset of $2 for closed futures is outstanding at period end. | Unsettled variation margin asset of $2 for closed futures is outstanding at period end. | Unsettled variation margin asset of $2 for closed futures is outstanding at period end. |
| <sup>(2)</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>(3)</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. |
| <sup>(4)</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>(5)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(6)</sup> | 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. |
| **(e)** | **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:** |
|  |  |  |  |  |  |  |  |  |  |  | <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 |
| &nbsp;&nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp;&nbsp; AZD | 04/2026  | 04/2026  | 04/2026  | CAD | 19 | 19 | $14 | 14 | 14 | 0 | 0 | 0 | 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 | 14 | 14 | 10 | 10 | 10 | 1 | 1 | 1 | 1 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | &nbsp;&nbsp;&nbsp;&nbsp; BRC | &nbsp;&nbsp;&nbsp;&nbsp; BRC | 04/2026  | 04/2026  | 04/2026  | $ | $12 | 12 | 531 | 531 | 531 | 0 | 0 | 0 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | &nbsp;&nbsp;&nbsp;&nbsp; BSH | &nbsp;&nbsp;&nbsp;&nbsp; BSH | 04/2026  | 04/2026  | 04/2026  |  | 41 | 41 | 6616 | 6616 | 6616 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 05/2026  | 05/2026  | 05/2026  | JPY | 6596 | 6596 | $41 | 41 | 41 | 0 | 0 | 0 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | &nbsp;&nbsp;&nbsp;&nbsp; DUB | &nbsp;&nbsp;&nbsp;&nbsp; DUB | 04/2026  | 04/2026  | 04/2026  | $ | $42 | 42 | 62 | 62 | 62 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 05/2026  | 05/2026  | 05/2026  | AUD | 62 | 62 | $43 | 43 | 43 | 0 | 0 | 0 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | &nbsp;&nbsp;&nbsp;&nbsp; FAR | &nbsp;&nbsp;&nbsp;&nbsp; FAR | 04/2026  | 04/2026  | 04/2026  |  | 13 | 13 | 9 | 9 | 9 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | JPY | 2581 | 2581 | 17 | 17 | 17 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | $ | $52 | 52 | 8238 | 8238 | 8238 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 05/2026  | 05/2026  | 05/2026  | JPY | 8213 | 8213 | $52 | 52 | 52 | 0 | 0 | 0 | 0 | (1) | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; IND | &nbsp;&nbsp;&nbsp;&nbsp; IND | &nbsp;&nbsp;&nbsp;&nbsp; IND | 04/2026  | 04/2026  | 04/2026  | EUR | 36 | 36 | 42 | 42 | 42 | 1 | 1 | 1 | 1 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | &nbsp;&nbsp;&nbsp;&nbsp; MBC | &nbsp;&nbsp;&nbsp;&nbsp; MBC | 04/2026  | 04/2026  | 04/2026  | AUD | 14 | 14 | 10 | 10 | 10 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | EUR | 31 | 31 | 36 | 36 | 36 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | JPY | 2794 | 2794 | 18 | 18 | 18 | 1 | 1 | 1 | 1 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | $ | $23 | 23 | 3671 | 3671 | 3671 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 05/2026  | 05/2026  | 05/2026  | JPY | 3660 | 3660 | $23 | 23 | 23 | 0 | 0 | 0 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | &nbsp;&nbsp;&nbsp;&nbsp; SCX | &nbsp;&nbsp;&nbsp;&nbsp; SCX | 04/2026  | 04/2026  | 04/2026  |  | 2029 | 2029 | 13 | 13 | 13 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | $ | $13 | 13 | 19 | 19 | 19 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 05/2026  | 05/2026  | 05/2026  | CAD | 19 | 19 | $13 | 13 | 13 | 0 | 0 | 0 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SOG | &nbsp;&nbsp;&nbsp;&nbsp; SOG | &nbsp;&nbsp;&nbsp;&nbsp; SOG | 04/2026  | 04/2026  | 04/2026  | JPY | 11194 | 11194 | 72 | 72 | 72 | 2 | 2 | 2 | 2 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | $ | $77 | 77 | 67 | 67 | 67 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 05/2026  | 05/2026  | 05/2026  | EUR | 67 | 67 | $77 | 77 | 77 | 0 | 0 | 0 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp;&nbsp; SSB | 04/2026  | 04/2026  | 04/2026  | AUD | 21 | 21 | 15 | 15 | 15 | 1 | 1 | 1 | 1 | 0 | 0 |
| **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **$** | **6** | **6** | **6** | **$** | **(1)** | **(1)** |
| **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** |

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<br> Schedule of Investments PIMCO Balanced Allocation Portfolio (Cont.) March 31, 2026 (Unaudited)

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| | | | | |
|:---|:---|:---|:---|:---|
| **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 | 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** |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |
| Banking & Finance | $0 | $3778 | $0 | $3778 |
| Industrials | 0 | 1693 | 0 | 1693 |
| Utilities | 0 | 100 | 0 | 100 |
| U.S. Government Agencies | 0 | 9227 | 0 | 9227 |
| U.S. Treasury Obligations | 0 | 15730 | 0 | 15730 |
| Non-Agency Mortgage-Backed Securities | 0 | 410 | 0 | 410 |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |
| Automobile Sequential | 0 | 469 | 0 | 469 |
| CMBS Other | 0 | 87 | 0 | 87 |
| Home Equity Other | 0 | 1297 | 0 | 1297 |
| Other ABS | 0 | 35 | 0 | 35 |
| Sovereign Issues | 0 | 429 | 0 | 429 |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Repurchase Agreements | 0 | 52300 | 0 | 52300 |
|  | $0 | $85555 | $0 | $85555 |
| **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** |
| Mutual Funds | 21354 | 0 | 0 | 21354 |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Central Funds Used for Cash Management Purposes | 24445 | 0 | 0 | 24445 |
|  | $45799 | $0 | $0 | $45799 |
| Total Investments | $45799 | $85555 | $0 | $131354 |
| **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 | 2350 | 27 | 0 | 2377 |
| Over the counter | 0 | 6 | 0 | 6 |
|  | $2350 | $33 | $0 | $2383 |
| **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 | (1) | (19) | 0 | (20) |
| Over the counter | 0 | (1) | 0 | (1) |
|  | $(1) | $(20) | $0 | $(21) |
| Total Financial Derivative Instruments | $2349 | $13 | $0 | $2362 |
| Totals | $48148 | $85568 | $0 | $133716 |
| **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.** |

---

------

Notes to Financial Statements

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

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

**(a) Investment Valuation Policies** The net asset value ("NAV") of the Portfolio's shares, or each of its share classes, as applicable, is determined by dividing the total value of portfolio investments and other assets attributable to the 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, the 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 Portfolio or its agents after the time as of which NAV has been calculated on a particular day will not generally be used to retroactively adjust the price of a security or the NAV determined earlier that day. If regular trading on the NYSE closes earlier than scheduled, the Portfolio may calculate its NAV as of the earlier closing time or calculate its NAV as of the NYSE Close for that day. The 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, the Portfolio may calculate its NAV as of the NYSE Close for such day or such other time that the 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 the 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 Portfolio will normally use pricing data for domestic equity securities received shortly after the NYSE Close and does not normally take into account trading, clearances or settlements that take place after the NYSE Close. A foreign (non-U.S.) equity security traded on a foreign exchange or on more than one exchange is typically valued using pricing information from the exchange considered by Pacific Investment Management Company LLC ("PIMCO") to be the primary exchange. If market value pricing is used, a foreign (non-U.S.) equity security will be valued as of the close of trading on the foreign exchange, or the NYSE Close, if the NYSE Close occurs before the end of trading on the foreign exchange.

Investments for which market quotations are not readily available are valued at fair value as determined in good faith pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended (the "Act"). As a general principle, the fair value of a security or other asset is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Pursuant to Rule 2a-5, the Board of Trustees has designated PIMCO as the valuation designee ("Valuation Designee") for the 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 the 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. Open-end management investment companies may include affiliated funds.

If a foreign (non-U.S.) equity security's value has materially changed after the close of the security's primary exchange or principal market but before the NYSE Close, the security may be valued at fair value. Foreign (non-U.S.) equity securities that do not trade when the NYSE is open are also valued at fair value. With respect to foreign (non-U.S.) equity securities, the 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. The 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 the Trust is not open for business, which may result in the 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 the 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 the Trust is not open for business. As a result, to the extent that the 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 the 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 the 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 the 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 the Portfolio may differ from the value that would be realized if the securities were sold. The Portfolio's use of fair valuation may also help to deter "stale price arbitrage" as discussed under the " Frequent or Excessive Purchases, Exchanges and Redemptions " section in the Portfolio's prospectus.

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

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

------

Notes to Financial Statements (Cont.)

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

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

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

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

In accordance with the requirements of U.S. GAAP, the amounts of transfers into and out of Level 3, if material, are disclosed in the Notes to Schedule of Investments for the 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 of the Portfolio's assets and liabilities. Additionally, U.S. GAAP requires quantitative information regarding the significant unobservable inputs used in the determination of fair value of assets or liabilities categorized as Level 3 in the fair value hierarchy. In accordance with the requirements of U.S. GAAP, a fair value hierarchy and, if material, a Level 3 reconciliation and details of significant unobservable inputs, have been included in the Notes to Schedule of Investments for the 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 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 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

------

Notes to Financial Statements (Cont.)

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.

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

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

**2. FEDERAL INCOME TAX MATTERS**

The 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.

The 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 Portfolio's tax positions for all open tax years. As of March 31, 2026, the Portfolio has recorded no liability for net unrecognized tax benefits relating to uncertain income tax positions it has taken or expects to take in future tax returns.

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

Shares of the Portfolio currently are sold to segregated asset accounts ("Separate Accounts") of insurance companies that fund variable annuity contracts and variable life insurance policies ("Variable Contracts"). Please refer to the prospectus for the Separate Account and Variable Contract for information regarding Federal income tax treatment of distributions to the Separate Account.

**3. INVESTMENTS IN AFFILIATES** 

The Portfolio may invest in a combination of affiliated and unaffiliated Funds, which may or may not be registered under the Act. The Portfolio may invest in Institutional Class or Class M shares of any funds of the PIMCO Funds and PIMCO Equity Series, affiliated open-end investment companies, except funds of funds ("Underlying PIMCO Funds"), other affiliated funds, including funds of PIMCO ETF Trust, and unaffiliated funds, which may or may not be registered under the Act (collectively, "Acquired Funds"). The Portfolio may invest in such funds to the extent permitted under the Act. The 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 the Act, rules thereunder or exemptive relief therefrom. The Central Funds are registered investment companies created for use solely by the series of the Trust and other series of registered investment companies advised by the Adviser, in connection with their cash management activities. The main investments of the Central Funds are money market and short maturity fixed income instruments. The Central Funds may incur expenses related to their investment activities, but do not pay Investment Advisory Fees or Supervisory and Administrative Fees to the Adviser. The Central Funds are considered to be affiliated with the Portfolio. A copy of each Acquired Fund's shareholder report is available at the U.S. Securities and Exchange Commission ("SEC") website at www.sec.gov, and a copy of each affiliate fund's shareholder report is available on the Portfolio's website at www.pimco.com, or upon request, as applicable. The table below shows the Portfolio's transactions in and earnings from investments in the affiliated funds for the period ended March 31, 2026 (amounts in thousands<sup>†</sup>):

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Underlying PIMCO Funds** | **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 Income Fund | $15856 | $220 | $0 | $0 | $(307) | $15769 | $222 | $0 |
| PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund | 5596 | 0 | 0 | 0 | (11) | 5585 | 45 | 0 |
| PIMCO Short-Term Floating NAV Portfolio III | 26009 | 9641 | (11200) | 0 | (5) | 24445 | 243 | 0 |
| **Totals** | $**47461** | $**9861** | $**(11200)** | $**0** | $**(323)** | $**45799** | $**510** | $**0** |

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<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, unless otherwise advised on IRS Form 1099-DIV.

------

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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 | **BSH** | Banco Santander S.A. - New York Branch | **MBC** | HSBC Bank Plc |
| **BOS** | BofA Securities, Inc. | **DUB** | Deutsche Bank AG | **SCX** | Standard Chartered Bank, London |
| **BPS** | BNP Paribas S.A. | **FAR** | Wells Fargo Bank National Association | **SOG** | Societe Generale Paris |
| **BRC** | Barclays Bank PLC | **IND** | Crédit Agricole Corporate and Investment Bank <br> S.A. | **SSB** | State Street Bank and Trust Co. |
| **Currency Abbreviations:** | **Currency Abbreviations:** |  |  |  |  |
| **AUD** | Australian Dollar | **EUR** | Euro | **TRY** | Turkish New Lira |
| **CAD** | Canadian Dollar | **JPY** | Japanese Yen | **USD (or $)** | United States Dollar |
| **Index/Spread Abbreviations:** | **Index/Spread Abbreviations:** |  |  |  |  |
| **EAFE** | Europe, Australasia, and Far East Stock Index | **S&P 500** | Standard & Poor's 500 Index | **SOFR** | Secured Overnight Financing Rate |
| **Other Abbreviations:** | **Other Abbreviations:** |  |  |  |  |
| **ABS** | Asset-Backed Security | **MSCI** | Morgan Stanley Capital International | **REMIC** | Real Estate Mortgage Investment Conduit |
| **CMBS** | Collateralized Mortgage-Backed Security | **OIS** | Overnight Index Swap | **TBA** | To-Be-Announced |

---

------

<br> Consolidated Schedule of Investments PIMCO CommodityRealReturn<sup>®</sup> Strategy Portfolio 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 175.2% ¤** |  |  |
| **CORPORATE BONDS & NOTES 0.7%**  |  |  |
| **BANKING & FINANCE 0.1%**  |  |  |
| **GSG Bidco Ltd.** <br>4.700% due 06/15/2031 | 300 | $344 |
| **UBS Group AG** <br>0.650% due 01/14/2028 •  | 100 | 114 |
|  |  | 458 |
| **INDUSTRIALS 0.6%**  |  |  |
| **Beignet Investor LLC** <br>6.581% due 05/30/2049 | $2100 | 2161 |
| **GSG Bidco Ltd.**  |  |  |
| 5.375% due 06/15/2036  | 300 | 344 |
| 6.375% due 06/15/2051  | 400 | 459 |
|  |  | 2964 |
| Total Corporate Bonds & Notes (Cost $3,381) |  | 3422 |
| **U.S. GOVERNMENT AGENCIES 15.9%**  |  |  |
| **Federal Home Loan Mortgage Corp.**  |  |  |
| 5.890% due 01/01/2034 •  | $1 | 1 |
| 6.040% due 07/01/2036 •  | 27 | 28 |
| 6.181% due 10/01/2036 •  | 10 | 10 |
| 6.195% due 09/01/2036 •  | 9 | 9 |
| **Federal Home Loan Mortgage Corp. REMICS**  |  |  |
| 4.146% due 07/15/2044 •  | 91 | 89 |
| 4.602% due 11/25/2054 •  | 1372 | 1381 |
| 4.612% due 04/25/2055 •  | 1228 | 1236 |
| 4.662% due 02/25/2055 •  | 1240 | 1251 |
| 4.812% due 03/25/2055 •  | 650 | 655 |
| 4.862% due 02/25/2055 •  | 1245 | 1257 |
| **Federal Home Loan Mortgage Corp. STRIPS**<br>4.237% due 09/15/2042 •  | 190 | 188 |
| **Federal Home Loan Mortgage Corp. Structured Pass-Through Certificates**  |  |  |
| 5.059% due 02/25/2045 •  | 15 | 15 |
| **Federal National Mortgage Association**  |  |  |
| 5.114% due 10/01/2044 •  | 1 | 1 |
| 5.788% due 01/01/2036 •  | 7 | 8 |
| 6.155% due 11/01/2035 •  | 2 | 2 |
| 6.232% due 11/01/2034 •  | 3 | 3 |
| 6.529% due 07/01/2035 •  | 3 | 3 |
| **Federal National Mortgage Association REMICS**  |  |  |
| 4.612% due 03/25/2055 •  | 1308 | 1317 |
| 4.673% due 07/25/2055 •  | 5000 | 4985 |
| 4.692% due 06/25/2055 •  | 1686 | 1704 |
| 4.862% due 12/25/2053 - 07/25/2055 •  | 2207 | 2226 |
| 6.125% due 05/25/2035 ~ | 4 | 4 |
| **Federal National Mortgage Association Trust**<br>4.126% due 05/25/2042 •  | 1 | 1 |
| **Government National Mortgage Association**<br>3.500% due 12/20/2052 - 01/20/2056 | 10512 | 9676 |
| **Government National Mortgage Association REMICS**  |  |  |
| 4.823% due 06/20/2055 •  | 3496 | 3523 |
| 4.927% due 08/20/2068 •  | 275 | 277 |
| 5.592% due 04/20/2067 •  | 89 | 90 |
| **U.S. Small Business Administration**<br>5.510% due 11/01/2027 | 13 | 13 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 4.000% due 04/01/2056 - 05/01/2056 | 12100 | 11415 |
| 4.500% due 05/01/2056 | 24900 | 24008 |
| 5.500% due 05/01/2056 | 3300 | 3311 |
| 6.000% due 06/01/2056 | 9500 | 9670 |
| 6.500% due 06/01/2056 | 2900 | 2998 |
| Total U.S. Government Agencies (Cost $81,550) |  | 81355 |
| **U.S. TREASURY OBLIGATIONS 100.7%**  |  |  |
| **U.S. Treasury Bonds**  |  |  |
| 4.750% due 02/15/2056 (j) | 100 | 98 |
| **U.S. Treasury Inflation Protected Securities (c)** |  |  |
| 0.625% due 02/15/2043 (j) | 212 | 156 |

---

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<br> Consolidated Schedule of Investments PIMCO CommodityRealReturn<sup>®</sup> Strategy Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 1.000% due 02/15/2046 (f) | 2882 | 2140 |
| 1.375% due 02/15/2044  | 140 | 115 |
| 1.750% due 01/15/2028  | 9583 | 9723 |
| 2.125% due 02/15/2040 (f) | 346 | 339 |
| 2.125% due 02/15/2054 (f)(j) | 106 | 93 |
| 2.500% due 01/15/2029 (h) | 2484 | 2578 |
| 3.875% due 04/15/2029 (f) | 746 | 805 |
| 3.875% due 04/15/2029  | 148 | 160 |
| 0.125% due 10/15/2026 (f) | 32288 | 32568 |
| 0.125% due 04/15/2027 (f)(h) | 25916 | 25772 |
| 0.125% due 01/15/2030 (f) | 26671 | 25535 |
| 0.125% due 07/15/2030 (f) | 25343 | 24132 |
| 0.125% due 01/15/2032  | 7274 | 6696 |
| 0.250% due 07/15/2029  | 20597 | 20038 |
| 0.375% due 01/15/2027 (f) | 25997 | 26050 |
| 0.375% due 07/15/2027 (f) | 20314 | 20314 |
| 0.500% due 01/15/2028 (f) | 26668 | 26468 |
| 0.625% due 07/15/2032 (f)(j) | 112 | 106 |
| 0.750% due 07/15/2028  | 10987 | 10957 |
| 0.875% due 01/15/2029 (f) | 28078 | 27879 |
| 1.125% due 10/15/2030 (f) | 37904 | 37576 |
| 1.250% due 04/15/2028 (f) | 32527 | 32663 |
| 1.375% due 07/15/2033 (f) | 2356 | 2304 |
| 1.625% due 10/15/2027 (f) | 27172 | 27602 |
| 1.625% due 10/15/2029 (f) | 34004 | 34552 |
| 1.625% due 04/15/2030 (f) | 30751 | 31069 |
| 1.750% due 01/15/2034  | 2328 | 2319 |
| 1.875% due 07/15/2034 (f) | 5286 | 5314 |
| 1.875% due 07/15/2035 (f) | 7292 | 7259 |
| 2.125% due 04/15/2029 (f) | 37641 | 38654 |
| 2.125% due 01/15/2035  | 2473 | 2516 |
| 2.375% due 10/15/2028 (f) | 29199 | 30237 |
| Total U.S. Treasury Obligations (Cost $510,622) |  | 514787 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 1.7%**  |  |  |
| **Alliance Bancorp Trust** <br>4.273% due 07/25/2037 •  | 101 | 91 |
| **Banc of America Mortgage Trust**  |  |  |
| 5.092% due 11/25/2035 ~  | 4 | 4 |
| 5.296% due 06/25/2035 ~  | 8 | 7 |
| **Bear Stearns ARM Trust**  |  |  |
| 4.203% due 07/25/2036 ~  | 14 | 12 |
| 4.503% due 03/25/2035 ~  | 17 | 15 |
| 6.470% due 01/25/2035 ~  | 24 | 25 |
| **CHL Mortgage Pass-Through Trust** <br>4.595% due 10/20/2035 ~ | 579 | 552 |
| **Citigroup Mortgage Loan Trust, Inc.** <br>4.451% due 09/25/2037 ~ | 77 | 73 |
| **Countrywide Alternative Loan Trust**  |  |  |
| 3.985% due 12/20/2046 •  | 425 | 384 |
| 4.033% due 06/25/2036 •  | 234 | 227 |
| 5.000% due 07/25/2035  | 34 | 18 |
| 6.000% due 02/25/2037  | 116 | 43 |
| **CSMC Trust** <br>4.945% due 10/26/2036 ~ | 21 | 19 |
| **Eurosail-U.K. PLC** <br>4.815% due 06/13/2045 •  | 36 | 47 |
| **First Horizon Alternative Mortgage Securities Trust**  |  |  |
| 5.603% due 06/25/2034 ~  | $2 | 2 |
| 6.000% due 02/25/2037  | 37 | 13 |
| **Government National Mortgage Association REMICS** <br>4.453% due 10/20/2075 •  | 4064 | 4098 |
| **GreenPoint Mortgage Funding Trust**  |  |  |
| 4.153% due 09/25/2046 •  | 55 | 52 |
| 4.333% due 11/25/2045 •  | 3 | 3 |
| **GSR Mortgage Loan Trust** <br>6.449% due 01/25/2035 ~ | 4 | 4 |
| **HarborView Mortgage Loan Trust** <br>4.271% due 03/19/2036 •  | 15 | 14 |
| **IndyMac INDA Mortgage Loan Trust** <br>5.041% due 11/25/2035 ~ | 3 | 4 |
| **JP Morgan Mortgage Trust**  |  |  |
| 5.132% due 02/25/2035 ~  | 9 | 9 |
| 5.937% due 08/25/2035 ~  | 8 | 7 |
| 6.222% due 07/25/2035 ~  | 1 | 2 |
| **MASTR Adjustable Rate Mortgages Trust** <br>5.598% due 11/21/2034 ~ | 3 | 3 |
| **Mellon Residential Funding Corp. Mortgage Pass-Through Certificates** <br>4.527% due 09/15/2030 •  | 6 | 4 |
| **New Residential Mortgage Loan Trust** <br>2.750% due 07/25/2059 ~ | 329 | 319 |
| **RALI Trust**  |  |  |
| 4.788% due 10/25/2037 ~  | 18 | 14 |

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<br> Consolidated Schedule of Investments PIMCO CommodityRealReturn<sup>®</sup> Strategy Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.219% due 09/25/2045 •  | 33 | 28 |
| **Residential Asset Securitization Trust** <br>4.193% due 05/25/2035 •  | 46 | 27 |
| **Sequoia Mortgage Trust**  |  |  |
| 4.190% due 07/20/2036 •  | 31 | 27 |
| 5.172% due 04/25/2056 •  | 2600 | 2606 |
| **Structured Adjustable Rate Mortgage Loan Trust**  |  |  |
| 5.259% due 01/25/2035 •  | 4 | 4 |
| 5.939% due 02/25/2034 ~  | 2 | 2 |
| **Structured Asset Mortgage Investments II Trust**  |  |  |
| 4.213% due 04/25/2036 •  | 2 | 2 |
| 4.451% due 10/19/2034 •  | 2 | 2 |
| **WaMu Mortgage Pass-Through Certificates Trust**  |  |  |
| 4.629% due 05/25/2047 •  | 75 | 65 |
| 4.688% due 12/25/2035 ~  | 20 | 18 |
| **Washington Mutual Mortgage Pass-Through Certificates Trust** <br>6.500% due 08/25/2035 | 9 | 7 |
| Total Non-Agency Mortgage-Backed Securities (Cost $8,874) |  | 8853 |
| **ASSET-BACKED SECURITIES 6.3%**  |  |  |
| **CMBS OTHER 0.8%**  |  |  |
| **Arbor Realty Commercial Real Estate Notes Ltd.** <br>5.122% due 01/15/2037 •  | 387 | 388 |
| **LoanCore Issuer Ltd.** <br>5.222% due 01/17/2037 •  | 103 | 102 |
| **MF1 LLC**  |  |  |
| 5.000% due 02/18/2040 •  | 1500 | 1496 |
| 5.827% due 06/19/2037 •  | 424 | 424 |
| **PFP Ltd.** <br>5.169% due 12/18/2042 •  | 1500 | 1500 |
| **TRTX Issuer Ltd.** <br>5.328% due 02/15/2039 •  | 204 | 204 |
|  |  | 4114 |
| **HOME EQUITY OTHER 0.7%**  |  |  |
| **ABFC Trust** <br>4.073% due 10/25/2036 •  | 528 | 499 |
| **Argent Mortgage Loan Trust** <br>4.273% due 05/25/2035 •  | 44 | 41 |
| **Argent Securities Trust**  |  |  |
| 4.093% due 07/25/2036 •  | 191 | 175 |
| 4.113% due 05/25/2036 •  | 532 | 125 |
| **CIT Mortgage Loan Trust** <br>5.293% due 10/25/2037 •  | 361 | 366 |
| **Citigroup Mortgage Loan Trust, Inc.** <br>4.253% due 12/25/2036 •  | 32 | 22 |
| **Countrywide Asset-Backed Certificates**  |  |  |
| 4.293% due 03/25/2037 •  | 57 | 57 |
| 4.993% due 10/25/2035 •  | 4 | 4 |
| **Countrywide Asset-Backed Certificates Trust**  |  |  |
| 3.983% due 11/25/2037 •  | 330 | 318 |
| 4.533% due 08/25/2047 •  | 64 | 63 |
| **Credit-Based Asset Servicing & Securitization LLC**  |  |  |
| 3.908% due 07/25/2037 •  | 7 | 5 |
| 4.008% due 07/25/2037 •  | 30 | 20 |
| **Ellington Loan Acquisition Trust** <br>4.893% due 05/25/2037 •  | 11 | 10 |
| **Fremont Home Loan Trust** <br>4.063% due 10/25/2036 •  | 67 | 63 |
| **GSAA Trust** <br>6.720% due 03/25/2046 þ | 33 | 17 |
| **GSAMP Trust**  |  |  |
| 3.933% due 12/25/2036 •  | 39 | 19 |
| 4.768% due 03/25/2035 •  | 59 | 57 |
| **Home Equity Asset Trust** <br>4.468% due 02/25/2036 •  | 140 | 139 |
| **JP Morgan Mortgage Acquisition Trust** <br>4.213% due 10/25/2036 •  | 4 | 4 |
| **Long Beach Mortgage Loan Trust** <br>4.033% due 08/25/2036 •  | 443 | 175 |
| **MASTR Asset-Backed Securities Trust** <br>4.093% due 10/25/2036 •  | 156 | 50 |
| **Morgan Stanley Mortgage Loan Trust**  |  |  |
| 6.000% due 02/25/2037 ~  | 39 | 22 |
| 6.410% due 11/25/2036 þ  | 656 | 137 |
| **New Century Home Equity Loan Trust** <br>4.558% due 02/25/2035 •  | 58 | 57 |
| **Renaissance Home Equity Loan Trust** <br>4.893% due 09/25/2037 •  | 861 | 339 |
| **Residential Asset Securities Corporation Trust**  |  |  |
| 4.253% due 06/25/2036 •  | 111 | 111 |

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<br> Consolidated Schedule of Investments PIMCO CommodityRealReturn<sup>®</sup> Strategy Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.288% due 04/25/2036 •  | 7 | 7 |
| **Saxon Asset Securities Trust** <br>4.103% due 09/25/2037 •  | 58 | 56 |
| **Securitized Asset-Backed Receivables LLC Trust**  |  |  |
| 3.943% due 07/25/2036 •  | 256 | 97 |
| 4.113% due 07/25/2036 •  | 125 | 40 |
| **Soundview Home Loan Trust** <br>3.993% due 06/25/2037 •  | 479 | 332 |
|  |  | 3427 |
| **WHOLE LOAN COLLATERAL 0.4%**  |  |  |
| **Citigroup Mortgage Loan Trust, Inc.** <br>4.288% due 10/25/2036 •  | 380 | 376 |
| **IndyMac INDB Mortgage Loan Trust** <br>3.933% due 07/25/2036 •  | 207 | 65 |
| **Lehman XS Trust**  |  |  |
| 4.113% due 05/25/2036 •  | 58 | 51 |
| 4.743% due 06/25/2036 þ  | 61 | 60 |
| 6.093% due 12/25/2037 •  | 258 | 263 |
| **Securitized Asset-Backed Receivables LLC Trust**  |  |  |
| 4.233% due 10/25/2036 •  | 3559 | 1165 |
| 4.293% due 05/25/2036 •  | 397 | 213 |
|  |  | 2193 |
| **OTHER ABS 4.4%**  |  |  |
| **Arbour CLO VI DAC** <br>3.134% due 11/15/2037 •  | 1000 | 1156 |
| **BlackRock European CLO VII DAC** <br>2.636% due 10/15/2031 •  | 84 | 97 |
| **Capital Four U.S. CLO I Ltd.** <br>4.805% due 01/18/2035 •  | $2200 | 2197 |
| **Carlyle Euro CLO DAC** <br>2.716% due 01/15/2031 •  | 85 | 99 |
| **CarVal CLO III Ltd.** <br>4.658% due 07/20/2032 •  | $1688 | 1687 |
| **Dryden 52 Euro CLO DAC** <br>2.844% due 05/15/2034 •  | 155 | 180 |
| **Dryden 69 Euro CLO DAC** <br>3.006% due 10/18/2034 •  | 1900 | 2194 |
| **Elevation CLO Ltd.** <br>4.798% due 07/25/2034 •  | $500 | 501 |
| **Elmwood CLO 15 Ltd.** <br>4.819% due 04/22/2035 •  | 1500 | 1500 |
| **Euro-Galaxy III CLO DAC** <br>2.650% due 04/24/2034 •  | 428 | 495 |
| **Hayfin Emerald CLO VI DAC** <br>3.266% due 10/15/2038 •  | 2000 | 2310 |
| **Invesco Euro CLO XII DAC** <br>3.277% due 07/15/2037 •  | 2100 | 2421 |
| **LCM 29 Ltd.** <br>5.004% due 04/15/2031 •  | $130 | 131 |
| **Madison Park Funding XLIX Ltd.** <br>4.718% due 10/19/2034 •  | 1600 | 1601 |
| **OCP Euro CLO DAC** <br>3.256% due 10/20/2039 •  | 600 | 693 |
| **Romark CLO - IV Ltd.** <br>4.790% due 07/10/2034 •  | $2000 | 2002 |
| **SLM Student Loan Trust** <br>4.699% due 10/25/2064 •  | 189 | 190 |
| **St. Paul's CLO II DAC** <br>3.010% due 10/25/2035 •  | 500 | 577 |
| **Tikehau CLO V DAC** <br>3.216% due 10/15/2038 •  | 500 | 578 |
| **Venture 36 CLO Ltd.** <br>5.059% due 04/20/2032 •  | $235 | 235 |
| **Verdelite Static CLO Ltd.** <br>4.798% due 07/20/2032 •  | 1203 | 1204 |
| **Voya Euro CLO II DAC** <br>2.976% due 07/15/2035 •  | 400 | 462 |
|  |  | 22510 |
| Total Asset-Backed Securities (Cost $33,520) |  | 32244 |
| **SOVEREIGN ISSUES 7.0%**  |  |  |
| **Brazil Letras do Tesouro Nacional**  |  |  |
| 0.000% due 07/01/2026 (b)  | 18900 | 3534 |
| 0.000% due 10/01/2026 (b)  | 30800 | 5570 |
| **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) | 3174 | 3559 |

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<br> Consolidated Schedule of Investments PIMCO CommodityRealReturn<sup>®</sup> Strategy Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Italy Buoni Poliennali Del Tesoro**  |  |  |
| 0.400% due 05/15/2030 (c)  | 743 | 850 |
| 1.800% due 05/15/2036 (c)  | 310 | 361 |
| **Japan Government CPI-Linked Bonds**  |  |  |
| 0.005% due 03/10/2034 (c)  | 200116 | 1215 |
| 0.005% due 03/10/2035 (c)  | 102249 | 616 |
| 0.100% due 03/10/2028 (c)  | 384465 | 2431 |
| 0.100% due 03/10/2029 (c)  | 968076 | 6081 |
| **Japan Government Thirty Year Bonds** <br>3.400% due 12/20/2055 | 410000 | 2468 |
| **U.K. Gilts** <br>4.000% due 10/22/2031 | 6500 | 8390 |
| Total Sovereign Issues (Cost $38,632) |  | 35912 |
|  | SHARES |  |
| **PREFERRED SECURITIES 0.1%**  |  |  |
| **BANKING & FINANCE 0.1%**  |  |  |
| **Bank of America Corp.**<br>5.875% due 03/15/2028 •(d) | 230000 | 230 |
| Total Preferred Securities (Cost $230) |  | 230 |
| **SHORT-TERM INSTRUMENTS 42.8%**  |  |  |
| **REPURCHASE AGREEMENTS (e) 41.5%** |  | 212100 |
| **U.S. TREASURY BILLS 1.3%**  |  |  |
| 3.686% due 06/30/2026 (a)(b) | $6690 | 6630 |
| Total Short-Term Instruments (Cost $218,730) |  | 218730 |
| Total Investments in Securities (Cost $895,539) |  | 895533 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 0.1%**  |  |  |
| **SHORT-TERM INSTRUMENTS 0.1%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 0.1%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 21539 | 210 |
| Total Short-Term Instruments (Cost $210) |  | 210 |
| Total Investments in Affiliates (Cost $210) |  | 210 |
| Total Investments 175.3% (Cost $895,749) |  | $895743 |
| **Financial Derivative Instruments (g)(i) 1.4**%(Cost or Premiums, net $333) |  | 6919 |
| Other Assets and Liabilities, net (76.7)% |  | (391641) |
| Net Assets 100.0% |  | $511021 |

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<br> Consolidated Schedule of Investments PIMCO CommodityRealReturn<sup>®</sup> Strategy Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED 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.** |
| **¤** | **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.** |
| **~** | **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.** |
| **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.** |
| **(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.** |
| **(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.** |
| **(c)** | **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.** |
| **(d)** | **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.** |
| **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** |
| **(e)** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** |
| Counterparty | Lending<br>Rate | Maturity<br>Date | Principal<br>Amount | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | Collateral<br>(Received) | Repurchase<br>Agreements,<br>at Value | Repurchase<br>Agreements,<br>at Value | Repurchase<br>Agreement<br>Proceeds<br>to be<br>Received<sup>(1)</sup> |
| BOS | 3.580%  | 04/01/2026 | 3200 | &nbsp;&nbsp; U.S. Treasury Notes 3.500% due 09/30/2027 | &nbsp;&nbsp; U.S. Treasury Notes 3.500% due 09/30/2027 | &nbsp;&nbsp; U.S. Treasury Notes 3.500% due 09/30/2027 | (3267) | 3200 | 3200 | 3200 |
|  | 3.690  | 04/13/2026 | 60000 | &nbsp;&nbsp; U.S. Treasury Notes 1.375% due 10/31/2028 | &nbsp;&nbsp; U.S. Treasury Notes 1.375% due 10/31/2028 | &nbsp;&nbsp; U.S. Treasury Notes 1.375% due 10/31/2028 | (61465) | 60000 | 60000 | 60055 |
|  | 3.720  | 04/01/2026 | 120000 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 10/31/2029 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 10/31/2029 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 10/31/2029 | (122464) | 120000 | 120000 | 120013 |
| BPS | 3.720  | 04/01/2026 | 10400 | &nbsp;&nbsp; U.S. Treasury Bonds 4.000% due 11/15/2052 | &nbsp;&nbsp; U.S. Treasury Bonds 4.000% due 11/15/2052 | &nbsp;&nbsp; U.S. Treasury Bonds 4.000% due 11/15/2052 | (10576) | 10400 | 10400 | 10401 |
| JPS | 3.700  | 04/01/2026 | 18500 | &nbsp;&nbsp; U.S. Treasury Notes 4.000% due 02/28/2030 | &nbsp;&nbsp; U.S. Treasury Notes 4.000% due 02/28/2030 | &nbsp;&nbsp; U.S. Treasury Notes 4.000% due 02/28/2030 | (18920) | 18500 | 18500 | 18502 |
| **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** |  |  | **(216692)** | **212100** | **212100** | **212171** |
| **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>(2)</sup> | Borrowing Rate<sup>(2)</sup> | Settlement Date | Maturity Date | Amount<br>Borrowed<sup>(2)</sup> | Amount<br>Borrowed<sup>(2)</sup> | Payable for<br>Reverse<br>Repurchase<br>Agreements | Payable for<br>Reverse<br>Repurchase<br>Agreements |
| BOM | BOM | BOM | 3.780%  | 3.780%  | 03/11/2026 | 04/06/2026 | (15552) | (15552) | (15586) | (15586) |
| BOS | BOS | BOS | 3.750  | 3.750  | 03/30/2026 | 04/06/2026 | (539) | (539) | (540) | (540) |
| DEU | DEU | DEU | 3.760  | 3.760  | 03/18/2026 | 04/08/2026 | (2012) | (2012) | (2015) | (2015) |
|  |  |  | 3.760  | 3.760  | 03/31/2026 | 04/07/2026 | (5535) | (5535) | (5536) | (5536) |
|  |  |  | 3.770  | 3.770  | 03/03/2026 | 04/07/2026 | (1270) | (1270) | (1274) | (1274) |
| JPS | JPS | JPS | 3.760  | 3.760  | 03/10/2026 | 04/21/2026 | (60747) | (60747) | (60887) | (60887) |
|  |  |  | 3.760  | 3.760  | 03/20/2026 | 04/13/2026 | (1484) | (1484) | (1485) | (1485) |
| **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** |  |  |  |  |  |  | **(87323)** | **(87323)** |
| **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>(2)</sup> | Borrowing Rate<sup>(2)</sup> | Borrowing Date | Maturity Date | Amount<br>Borrowed<sup>(2)</sup> | Amount<br>Borrowed<sup>(2)</sup> | Payable for<br>Sale-Buyback<br>Transactions<sup>(3)</sup> | Payable for<br>Sale-Buyback<br>Transactions<sup>(3)</sup> |
| BCY | BCY | BCY | 3.770%  | 3.770%  | 03/12/2026 | 04/16/2026 | (137419) | (137419) | (137707) | (137707) |
|  |  |  | 3.770  | 3.770  | 03/27/2026 | 04/06/2026 | (3892) | (3892) | (3894) | (3894) |
| BPS | BPS | BPS | 3.770  | 3.770  | 03/18/2026 | 04/22/2026 | (26381) | (26381) | (26420) | (26420) |
|  |  |  | 3.780  | 3.780  | 03/24/2026 | 04/14/2026 | (56552) | (56552) | (56600) | (56600) |
| MSC | MSC | MSC | 3.770  | 3.770  | 04/01/2026 | 04/02/2026 | (41623) | (41623) | (41623) | (41623) |
| TDM | TDM | TDM | 3.770  | 3.770  | 03/19/2026 | 04/09/2026 | (30965) | (30965) | (31007) | (31007) |
| **Total Sale-Buyback Transactions** | **Total Sale-Buyback Transactions** | **Total Sale-Buyback Transactions** |  |  |  |  |  |  | **(297251)** | **(297251)** |
| **(f)** | **Securities with an aggregate market value of $383,173 and cash of $123 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $383,173 and cash of $123 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $383,173 and cash of $123 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $383,173 and cash of $123 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $383,173 and cash of $123 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $383,173 and cash of $123 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $383,173 and cash of $123 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $383,173 and cash of $123 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $383,173 and cash of $123 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $383,173 and cash of $123 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** |
| <sup>(1)</sup> | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. |
| <sup>(2)</sup> | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(303390) at a weighted average interest rate of 3.774%. 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 $(303390) at a weighted average interest rate of 3.774%. 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 $(303390) at a weighted average interest rate of 3.774%. 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 $(303390) at a weighted average interest rate of 3.774%. 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 $(303390) at a weighted average interest rate of 3.774%. 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 $(303390) at a weighted average interest rate of 3.774%. 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 $(303390) at a weighted average interest rate of 3.774%. 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 $(303390) at a weighted average interest rate of 3.774%. 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 $(303390) at a weighted average interest rate of 3.774%. 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 $(303390) at a weighted average interest rate of 3.774%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. |
| <sup>(3)</sup> | Payable for sale-buyback transactions includes $(383) of deferred price drop. | Payable for sale-buyback transactions includes $(383) of deferred price drop. | Payable for sale-buyback transactions includes $(383) of deferred price drop. | Payable for sale-buyback transactions includes $(383) of deferred price drop. | Payable for sale-buyback transactions includes $(383) of deferred price drop. | Payable for sale-buyback transactions includes $(383) of deferred price drop. | Payable for sale-buyback transactions includes $(383) of deferred price drop. | Payable for sale-buyback transactions includes $(383) of deferred price drop. | Payable for sale-buyback transactions includes $(383) of deferred price drop. | Payable for sale-buyback transactions includes $(383) of deferred price drop. |
| **(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** |

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<br> Consolidated Schedule of Investments PIMCO CommodityRealReturn<sup>®</sup> Strategy Portfolio (Cont.) March 31, 2026 (Unaudited)

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** |
| **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** |
| Description | Description | Description | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Notional Amount | Cost |  | Market<br>Value |
| Put - ICE Crude Oil June 2026 Futures  | Put - ICE Crude Oil June 2026 Futures  | Put - ICE Crude Oil June 2026 Futures  | $60.000 | 60.000 | 04/27/2026 | 18 | 36 | $ | 2 |
| Put - NYMEX Crude Oil June 2026 Futures  | Put - NYMEX Crude Oil June 2026 Futures  | Put - NYMEX Crude Oil June 2026 Futures  | 56.000 | 56.000 | 05/14/2026 | 11 | 22 |  | 4 |
| **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **$** | **58** | **$** | **6** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** | **COMMODITY OPTIONS** |
| Description | Description | Description | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Notional Amount | Premiums<br>(Received) |  | Market<br>Value |
| Call - CME Silver December 2026 Futures  | Call - CME Silver December 2026 Futures  | Call - CME Silver December 2026 Futures  | $65.000 | 65.000 | 11/24/2026 | 50 | (472) | $ | (945) |
| Put - CME Silver December 2026 Futures  | Put - CME Silver December 2026 Futures  | Put - CME Silver December 2026 Futures  | 65.000 | 65.000 | 11/24/2026 | 50 | (468) |  | (364) |
| Call - CME Silver December 2026 Futures  | Call - CME Silver December 2026 Futures  | Call - CME Silver December 2026 Futures  | 100.000 | 100.000 | 11/24/2026 | 25 | (83) |  | (202) |
| Call - CME Silver December 2026 Futures  | Call - CME Silver December 2026 Futures  | Call - CME Silver December 2026 Futures  | 120.000 | 120.000 | 11/24/2026 | 20 | (42) |  | (112) |
| Put - CME Silver May 2026 Futures  | Put - CME Silver May 2026 Futures  | Put - CME Silver May 2026 Futures  | 80.000 | 80.000 | 04/27/2026 | 10 | (40) |  | (83) |
| Call - ICE Crude Oil June 2026 Futures  | Call - ICE Crude Oil June 2026 Futures  | Call - ICE Crude Oil June 2026 Futures  | 79.000 | 79.000 | 04/27/2026 | 18 | (36) |  | (473) |
| Call - NYMEX Crude Oil June 2026 Futures  | Call - NYMEX Crude Oil June 2026 Futures  | Call - NYMEX Crude Oil June 2026 Futures  | 72.000 | 72.000 | 05/14/2026 | 11 | (21) |  | (252) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **$** | **(1162)** | **$** | **(2431)** |
| **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** |
|  |  |  |  |  |  |  | <u>Variation Margin</u><sup>(1)</sup> | <u>Variation Margin</u><sup>(1)</sup> | <u>Variation Margin</u><sup>(1)</sup> |
| Description | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| Australia Government 10-Year Bond June Futures  | 06/2026 | 77 | 77 | $5725 | 5725 | (36) | $54 | 54 | $0 |
| Brent Crude December Futures  | 10/2027 | 49 | 49 | 3600 | 3600 | 205 | 0 | 0 | (149) |
| Brent Crude February Futures  | 12/2026 | 2 | 2 | 155 | 155 | 17 | 0 | 0 | (8) |
| Brent Crude January Futures  | 11/2026 | 6 | 6 | 471 | 471 | 75 | 0 | 0 | (26) |
| Brent Crude November Futures  | 09/2026 | 15 | 15 | 1215 | 1215 | 240 | 0 | 0 | (70) |
| Brent Crude October Futures  | 08/2026 | 1 | 1 | 83 | 83 | 18 | 0 | 0 | (5) |
| Brent Dubai Swap August Futures  | 08/2026 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
| Brent Dubai Swap July Futures  | 07/2026 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
| Brent Dubai Swap September Futures  | 09/2026 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
| California Carbon Allowance Vintage December Futures  | 12/2026 | 414 | 414 | 11952 | 11952 | (1176) | 0 | 0 | (108) |
| Carbon Emissions December Futures  | 12/2026 | 3 | 3 | 251 | 251 | (5) | 3 | 3 | 0 |
| Cocoa July Futures  | 07/2026 | 10 | 10 | 337 | 337 | 6 | 10 | 10 | 0 |
| Copper July Futures  | 07/2026 | 2 | 2 | 283 | 283 | (3) | 4 | 4 | 0 |
| Cotton No. 2 December Futures  | 12/2026 | 1 | 1 | 37 | 37 | 0 | 0 | 0 | (1) |
| Euro-BTP Future June Futures  | 06/2026 | 143 | 143 | 19220 | 19220 | (504) | 231 | 231 | 0 |
| Euro-Bund June Futures  | 06/2026 | 67 | 67 | 9710 | 9710 | (205) | 70 | 70 | 0 |
| Euro-Schatz June Futures  | 06/2026 | 193 | 193 | 23591 | 23591 | (61) | 31 | 31 | (1) |
| Gas Oil September Futures  | 09/2026 | 2 | 2 | 186 | 186 | 46 | 0 | 0 | (3) |
| Gold 100 oz. June Futures  | 06/2026 | 11 | 11 | 5146 | 5146 | 106 | 133 | 133 | 0 |
| Hard Red Winter Wheat May Futures  | 05/2026 | 42 | 42 | 1335 | 1335 | 97 | 17 | 17 | (1) |
| Hard Red Winter Wheat September Futures  | 09/2026 | 11 | 11 | 364 | 364 | 20 | 4 | 4 | 0 |
| Henry Hub Natural Gas April Futures  | 03/2031 | 1 | 1 | 8 | 8 | (1) | 0 | 0 | 0 |
| Henry Hub Natural Gas August Futures  | 07/2031 | 1 | 1 | 9 | 9 | 0 | 0 | 0 | 0 |
| Henry Hub Natural Gas December Futures  | 11/2031 | 1 | 1 | 11 | 11 | 2 | 0 | 0 | 0 |
| Henry Hub Natural Gas February Futures  | 01/2031 | 1 | 1 | 10 | 10 | 2 | 0 | 0 | 0 |
| Henry Hub Natural Gas January Futures  | 12/2030 | 1 | 1 | 11 | 11 | 3 | 0 | 0 | 0 |
| Henry Hub Natural Gas July Futures  | 06/2031 | 1 | 1 | 8 | 8 | 0 | 0 | 0 | 0 |
| Henry Hub Natural Gas June Futures  | 05/2031 | 1 | 1 | 8 | 8 | 0 | 0 | 0 | 0 |
| Henry Hub Natural Gas March Futures  | 02/2031 | 1 | 1 | 9 | 9 | 0 | 0 | 0 | 0 |
| Henry Hub Natural Gas May Futures  | 04/2031 | 1 | 1 | 8 | 8 | (1) | 0 | 0 | 0 |
| Henry Hub Natural Gas November Futures  | 10/2031 | 1 | 1 | 9 | 9 | 1 | 0 | 0 | 0 |
| Henry Hub Natural Gas October Futures  | 09/2031 | 1 | 1 | 9 | 9 | 0 | 0 | 0 | 0 |
| Henry Hub Natural Gas September Futures  | 08/2031 | 1 | 1 | 9 | 9 | 0 | 0 | 0 | 0 |
| Iron Ore July Futures  | 07/2026 | 72 | 72 | 747 | 747 | (6) | 0 | 0 | (6) |
| Iron Ore May Futures  | 05/2026 | 32 | 32 | 338 | 338 | (5) | 0 | 0 | (2) |
| Live Cattle June Futures  | 06/2026 | 12 | 12 | 1168 | 1168 | 38 | 15 | 15 | 0 |
| LME Nickel July Futures  | 07/2026 | 4 | 4 | 411 | 411 | (7) | 1 | 1 | (8) |
| LME Zinc July Futures  | 07/2026 | 2 | 2 | 162 | 162 | 0 | 0 | 0 | 0 |
| Natural Gas April Futures  | 03/2027 | 3 | 3 | 96 | 96 | (6) | 0 | 0 | (2) |
| Natural Gas February Futures  | 01/2027 | 1 | 1 | 44 | 44 | (1) | 0 | 0 | (2) |
| Natural Gas May Futures  | 04/2026 | 15 | 15 | 433 | 433 | (18) | 0 | 0 | (1) |
| Natural Gas September Futures  | 08/2026 | 3 | 3 | 98 | 98 | (8) | 0 | 0 | (2) |
| New York Harbor September Futures  | 08/2026 | 2 | 2 | 266 | 266 | 29 | 0 | 0 | (9) |
| Platinum July Futures  | 07/2026 | 17 | 17 | 1675 | 1675 | 48 | 55 | 55 | 0 |

---

------

<br> Consolidated Schedule of Investments PIMCO CommodityRealReturn<sup>®</sup> Strategy Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| RBOB Gasoline September Futures  | 08/2026 | 2 | 222 | 26 | 0 | 0 | (7) |
| Silver December Futures  | 12/2026 | 6 | 2304 | (643) | 134 | 134 | 0 |
| Soybean July Futures  | 07/2026 | 23 | 1364 | (2) | 12 | 12 | 0 |
| Soybean Meal December Futures  | 12/2026 | 15 | 467 | (4) | 4 | 4 | 0 |
| Soybean Meal July Futures  | 07/2026 | 72 | 2263 | (12) | 9 | 9 | 0 |
| Soybean Meal May Futures  | 05/2026 | 7 | 221 | 12 | 1 | 1 | 0 |
| Soybean November Futures  | 11/2026 | 10 | 579 | 13 | 7 | 7 | 0 |
| Soybean Oil July December Futures  | 12/2026 | 3 | 118 | 11 | 1 | 1 | 0 |
| U.S. Treasury 5-Year Note June Futures  | 06/2026 | 403 | 43596 | (600) | 57 | 57 | 0 |
| U.S. Treasury 10-Year Ultra Long-Term Bond June Futures  | 06/2026 | 54 | 6130 | (97) | 16 | 16 | 0 |
| U.S. Treasury Ultra Long-Term Bond June Futures  | 06/2026 | 116 | 13521 | (269) | 25 | 25 | 0 |
| Wheat September Futures  | 09/2026 | 10 | 319 | 15 | 3 | 3 | 0 |
| WTI Crude December Futures  | 11/2026 | 53 | 3841 | 202 | 0 | 0 | (232) |
| WTI Crude December Futures  | 11/2029 | 2 | 129 | (5) | 0 | 0 | (4) |
| WTI Crude February Futures  | 01/2027 | 8 | 568 | 51 | 0 | 0 | (31) |
| WTI Crude January Futures  | 12/2026 | 6 | 430 | 58 | 0 | 0 | (25) |
| WTI Crude November Futures  | 10/2026 | 11 | 810 | 137 | 0 | 0 | (50) |
|  |  |  |  | $ | 897 | $ | (753) |
| **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><sup>(1)</sup> | <u>Variation Margin</u><sup>(1)</sup> | <u>Variation Margin</u><sup>(1)</sup> |
| Description | Expiration<br>Month | # of<br>Contracts | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| Arabica Coffee July Futures  | 07/2026 | 4 | $(436) | 3 | $0 | 0 | $(5) |
| Arabica Coffee September Futures  | 09/2026 | 3 | (313) | (2) | 0 | 0 | (3) |
| Brent Crude April Futures  | 02/2027 | 4 | (304) | (44) | 15 | 15 | 0 |
| Brent Crude August Futures  | 06/2026 | 6 | (541) | (85) | 28 | 28 | 0 |
| Brent Crude December Futures  | 10/2026 | 9 | (717) | 16 | 31 | 31 | 0 |
| Brent Crude December Futures  | 10/2028 | 3 | (215) | (10) | 7 | 7 | 0 |
| Brent Crude December Futures  | 10/2029 | 2 | (141) | 7 | 4 | 4 | 0 |
| Brent Crude July Futures  | 05/2026 | 5 | (481) | (57) | 21 | 21 | 0 |
| Brent Crude June Futures  | 04/2026 | 8 | (832) | (116) | 27 | 27 | 0 |
| Brent Crude June Futures  | 04/2027 | 11 | (826) | (122) | 38 | 38 | 0 |
| Brent Crude March Futures  | 01/2027 | 9 | (690) | (79) | 35 | 35 | 0 |
| Brent Crude March Futures  | 03/2027 | 3 | (227) | (32) | 11 | 11 | 0 |
| Brent Dubai Swap May Futures  | 05/2026 | 3 | (3) | 2 | 1 | 1 | 0 |
| Corn December Futures  | 12/2026 | 30 | (726) | 3 | 0 | 0 | 0 |
| Corn July Futures  | 07/2026 | 85 | (1990) | 0 | 0 | 0 | (7) |
| Corn September Futures  | 09/2026 | 20 | (470) | (24) | 0 | 0 | 0 |
| Euro-Bobl June Futures  | 06/2026 | 55 | (7338) | 119 | 0 | 0 | (29) |
| Euro-Buxl 30-Year Bond June Futures  | 06/2026 | 18 | (2294) | 27 | 0 | 0 | (43) |
| Euro-Oat June Futures  | 06/2026 | 165 | (22636) | 591 | 1 | 1 | (174) |
| Hard Red Winter Wheat December Futures  | 12/2026 | 4 | (136) | 0 | 0 | 0 | (1) |
| Hard Red Winter Wheat July Futures  | 07/2026 | 17 | (551) | (24) | 1 | 1 | (6) |
| Japan Government 10-Year Bond June Futures  | 06/2026 | 12 | (9853) | 88 | 2 | 2 | (21) |
| Lean Hogs June Futures  | 06/2026 | 22 | (924) | 33 | 7 | 7 | 0 |
| LME Aluminum July Futures  | 07/2026 | 2 | (173) | (7) | 0 | 0 | (7) |
| LME Lead Futures July Futures  | 07/2026 | 9 | (430) | 5 | 5 | 5 | 0 |
| Natural Gas January Futures  | 12/2026 | 1 | (49) | 1 | 2 | 2 | 0 |
| Natural Gas July Futures  | 06/2026 | 14 | (453) | 22 | 8 | 8 | 0 |
| Natural Gas June Futures  | 05/2026 | 5 | (251) | 11 | 15 | 15 | 0 |
| Natural Gas March Futures  | 02/2027 | 3 | (105) | 2 | 3 | 3 | 0 |
| Natural Gas May Futures  | 04/2026 | 1 | (53) | 2 | 2 | 2 | (2) |
| Silver May Futures  | 05/2026 | 15 | (5619) | (210) | 0 | 0 | (297) |
| SNG KEROS vs. SNG GA August Futures  | 08/2026 | 1 | (5) | 9 | 1 | 1 | 0 |
| SNG KEROS vs. SNG GA July Futures  | 07/2026 | 1 | (5) | 9 | 1 | 1 | 0 |
| SNG KEROS vs. SNG GA May Futures  | 05/2026 | 1 | (4) | 25 | 2 | 2 | 0 |
| SNG KEROS vs. SNG GA September Futures  | 09/2026 | 1 | (5) | 9 | 0 | 0 | 0 |
| Soybean Oil July Futures  | 07/2026 | 6 | (248) | (10) | 0 | 0 | (1) |
| Sugar No. 11 October Futures  | 09/2026 | 19 | (342) | (41) | 2 | 2 | 0 |
| U.S. Treasury 2-Year Note June Futures  | 06/2026 | 257 | (53313) | 290 | 0 | 0 | (20) |
| U.S. Treasury 10-Year Note June Futures  | 06/2026 | 19 | (2110) | 35 | 0 | 0 | (5) |
| U.S. Treasury Long-Term Bond June Futures  | 06/2026 | 189 | (21522) | 651 | 0 | 0 | (71) |
| Wheat July Futures  | 07/2026 | 16 | (501) | (16) | 0 | 0 | (5) |
| Wheat May Futures  | 05/2026 | 20 | (616) | (71) | 0 | 0 | (9) |
| WTI Crude April Futures  | 03/2027 | 4 | (281) | (35) | 14 | 14 | 0 |
| WTI Crude August Futures  | 07/2026 | 4 | (327) | (76) | 18 | 18 | 0 |
| WTI Crude December Futures  | 11/2026 | 1 | (72) | (4) | 4 | 4 | 0 |
| WTI Crude December Futures  | 11/2027 | 15 | (1026) | (2) | 45 | 45 | 0 |
| WTI Crude December Futures  | 11/2028 | 2 | (133) | 6 | 5 | 5 | 0 |
| WTI Crude July Futures  | 06/2026 | 6 | (519) | (146) | 24 | 24 | 0 |
| WTI Crude June Futures  | 05/2026 | 7 | (652) | (45) | 20 | 20 | 0 |
| WTI Crude June Futures  | 05/2027 | 13 | (906) | (108) | 43 | 43 | 0 |
| WTI Crude March Futures  | 02/2027 | 8 | (564) | (53) | 30 | 30 | 0 |
| WTI Crude May Futures  | 04/2027 | 3 | (210) | (26) | 10 | 10 | 0 |
| WTI Crude October Futures  | 09/2026 | 4 | (301) | (35) | 19 | 19 | 0 |
| WTI Crude September Futures  | 08/2026 | 5 | (390) | 16 | 24 | 24 | 0 |
|  |  |  |  | $ | 526 | $ | (706) |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **$** | **1423** | **$** | **(1459)** |

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------

<br> Consolidated Schedule of Investments PIMCO CommodityRealReturn<sup>®</sup> Strategy Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **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** |
|  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Fixed Rate | Payment<br>Frequency | Maturity<br>Date | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Asset | Liability |
| Pay | 1-Day GBP-SONIO Compounded-OIS | 3.500% | Annual | 03/18/2028 | 10100 | $(213) | $18 | (195) | $21 | $0 |
| Pay | 1-Day GBP-SONIO Compounded-OIS | 3.500 | Annual | 03/19/2030 | 4700 | (47) | (113) | (160) | 14 | 0 |
| Pay | 1-Day GBP-SONIO Compounded-OIS | 3.500 | Annual | 03/18/2031 | 16340 | (293) | (404) | (697) | 33 | (7) |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 0.300 | Semi-Annual | 09/20/2027 | 195330 | 18 | 0 | 18 | 0 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 0.550 | Annual | 09/14/2028 | 640000 | 80 | 9 | 89 | 0 | (3) |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 0.500 | Annual | 12/15/2031 | 309000 | 127 | 12 | 139 | 0 | (4) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 2.300 | Semi-Annual | 11/15/2028 | $1500 | (104) | 51 | (53) | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 2.340 | Semi-Annual | 11/21/2028 | 1590 | (108) | 54 | (54) | 1 | 0 |
| Receive<sup>(2)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.325 | Annual | 08/31/2030 | 20018 | 65 | 134 | 199 | 0 | (20) |
| Receive<sup>(2)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.337 | Annual | 08/31/2030 | 700 | 0 | 7 | 7 | 0 | (1) |
| Receive<sup>(2)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.407 | Annual | 08/31/2030 | 100 | 0 | 1 | 1 | 0 | 0 |
| Receive<sup>(2)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.422 | Annual | 08/31/2030 | 5200 | 0 | 32 | 32 | 0 | (5) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 05/15/2032 | 700 | (1) | (1) | (2) | 0 | (1) |
| Receive<sup>(2)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.564 | Annual | 01/31/2033 | 3400 | 0 | 29 | 29 | 0 | (4) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/18/2034 | 1550 | 69 | 0 | 69 | 0 | (2) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.758 | Annual | 08/15/2035 | 3200 | 0 | 19 | 19 | 0 | (3) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.768 | Annual | 08/15/2035 | 4000 | 0 | 21 | 21 | 0 | (4) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.777 | Annual | 08/15/2035 | 4300 | 0 | 20 | 20 | 0 | (4) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.801 | Annual | 08/15/2035 | 4900 | (1) | 14 | 13 | 0 | (4) |
| Receive<sup>(2)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.712 | Annual | 11/15/2035 | 1600 | 0 | 17 | 17 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.285 | Semi-Annual | 11/15/2053 | 1850 | 445 | 203 | 648 | 6 | 0 |
| Receive<sup>(2)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.998 | Annual | 11/15/2053 | 100 | 0 | 3 | 3 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.010 | Annual | 11/15/2053 | 4600 | 64 | 45 | 109 | 16 | 0 |
| Receive<sup>(2)</sup> | 1-Day USD-SOFR Compounded-OIS | 4.015 | Annual | 11/15/2053 | 200 | 0 | 5 | 5 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.075 | Annual | 11/15/2053 | 4234 | 32 | 23 | 55 | 15 | 0 |
| Receive<sup>(2)</sup> | 1-Day USD-SOFR Compounded-OIS | 4.082 | Annual | 11/15/2053 | 100 | 0 | 1 | 1 | 0 | 0 |
| Receive<sup>(2)</sup> | 1-Day USD-SOFR Compounded-OIS | 4.083 | Annual | 11/15/2053 | 500 | 0 | 6 | 6 | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.237 | Semi-Annual | 11/21/2053 | 1400 | 350 | 151 | 501 | 5 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.865 | Annual | 02/13/2054 | 6700 | 506 | 931 | 1437 | 23 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 06/20/2054 | 2300 | 61 | 203 | 264 | 8 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.052 | Annual | 02/15/2056 | 200 | 0 | 3 | 3 | 1 | 0 |
| Receive | 6-Month EUR-EURIBOR | 2.120 | Annual | 09/03/2027 | 11300 | 0 | (27) | (27) | 0 | (10) |
| Pay<sup>(2)</sup> | 6-Month EUR-EURIBOR | 2.750 | Annual | 09/16/2036 | 27930 | (473) | (543) | (1016) | 247 | 0 |
| Receive | 6-Month EUR-EURIBOR | 0.190 | Annual | 11/04/2052 | 900 | 426 | 138 | 564 | 0 | (5) |
| Receive | 6-Month EUR-EURIBOR | 0.195 | Annual | 11/04/2052 | 950 | 449 | 146 | 595 | 0 | (5) |

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<br> Consolidated Schedule of Investments PIMCO CommodityRealReturn<sup>®</sup> Strategy Portfolio (Cont.) March 31, 2026 (Unaudited)

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| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | Receive | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 0.197 | Annual | Annual | 11/08/2052 | 1800 |  | 850 |  | 275 |  | 1125 |  | 0 | 0 |  | (10) |
| Receive | Receive | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 3.050 | Annual | Annual | 01/13/2056 | 3210 |  | 134 |  | (101) |  | 33 |  | 0 | 0 |  | (35) |
| Receive<sup>(2)</sup> | Receive<sup>(2)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 3.000 | Annual | Annual | 09/16/2056 | 8290 |  | 142 |  | 67 |  | 209 |  | 0 | 0 |  | (93) |
| Pay | Pay | BACVWSAV Index | BACVWSAV Index | 0.000 | Monthly | Monthly | 09/30/2026 | 379 |  | 0 |  | 0 |  | 0 |  | 0 | 0 |  | 0 |
| Receive | Receive | CPTFEMU | CPTFEMU | 2.000 | Maturity | Maturity | 02/15/2027 | 2000 |  | 7 |  | 25 |  | 32 |  | 3 | 3 |  | 0 |
| Receive | Receive | CPTFEMU | CPTFEMU | 3.000 | Maturity | Maturity | 05/15/2027 | 1100 |  | 23 |  | 21 |  | 44 |  | 1 | 1 |  | 0 |
| Receive | Receive | CPTFEMU | CPTFEMU | 3.130 | Maturity | Maturity | 05/15/2027 | 100 |  | 1 |  | 2 |  | 3 |  | 0 | 0 |  | 0 |
| Receive | Receive | CPTFEMU | CPTFEMU | 1.636 | Maturity | Maturity | 06/15/2027 | 2200 |  | 0 |  | 49 |  | 49 |  | 3 | 3 |  | 0 |
| Pay | Pay | CPTFEMU | CPTFEMU | 1.380 | Maturity | Maturity | 03/15/2031 | 130 |  | (28) |  | (3) |  | (31) |  | 0 | 0 |  | 0 |
| Receive | Receive | CPTFEMU | CPTFEMU | 2.720 | Maturity | Maturity | 06/15/2032 | 140 |  | (1) |  | 0 |  | (1) |  | 0 | 0 |  | 0 |
| Receive | Receive | CPTFEMU | CPTFEMU | 2.049 | Maturity | Maturity | 08/15/2034 | 900 |  | (2) |  | 15 |  | 13 |  | 1 | 1 |  | 0 |
| Receive | Receive | CPTFEMU | CPTFEMU | 2.034 | Maturity | Maturity | 09/15/2034 | 1200 |  | (2) |  | 22 |  | 20 |  | 1 | 1 |  | 0 |
| Pay | Pay | CPTFEMU | CPTFEMU | 2.488 | Maturity | Maturity | 05/15/2037 | 80 |  | (3) |  | 1 |  | (2) |  | 0 | 0 |  | 0 |
| Pay | Pay | CPTFEMU | CPTFEMU | 1.945 | Maturity | Maturity | 11/15/2048 | 100 |  | (23) |  | 5 |  | (18) |  | 0 | 0 |  | 0 |
| Pay | Pay | CPTFEMU | CPTFEMU | 2.580 | Maturity | Maturity | 03/15/2052 | 200 |  | (9) |  | 11 |  | 2 |  | 1 | 1 |  | 0 |
| Pay | Pay | CPTFEMU | CPTFEMU | 2.590 | Maturity | Maturity | 03/15/2052 | 700 |  | (28) |  | 36 |  | 8 |  | 3 | 3 |  | 0 |
| Pay | Pay | CPTFEMU | CPTFEMU | 2.550 | Maturity | Maturity | 04/15/2052 | 200 |  | (8) |  | 9 |  | 1 |  | 1 | 1 |  | 0 |
| Pay | Pay | CPTFEMU | CPTFEMU | 2.421 | Maturity | Maturity | 05/15/2052 | 230 |  | (19) |  | 13 |  | (6) |  | 1 | 1 |  | 0 |
| Pay | Pay | CPTFEMU | CPTFEMU | 2.590 | Maturity | Maturity | 12/15/2052 | 700 |  | 22 |  | 29 |  | 51 |  | 3 | 3 |  | 0 |
| Pay | Pay | CPTFEMU | CPTFEMU | 2.763 | Maturity | Maturity | 09/15/2053 | 300 |  | 32 |  | 10 |  | 42 |  | 2 | 2 |  | 0 |
| Pay | Pay | CPTFEMU | CPTFEMU | 2.682 | Maturity | Maturity | 10/15/2053 | 200 |  | 16 |  | 7 |  | 23 |  | 1 | 1 |  | 0 |
| Pay | Pay | CPTFEMU | CPTFEMU | 2.736 | Maturity | Maturity | 10/15/2053 | 400 |  | 40 |  | 12 |  | 52 |  | 2 | 2 |  | 0 |
| Receive | Receive | CPURNSA | CPURNSA | 2.703 | Maturity | Maturity | 05/25/2026 | 130 |  | 10 |  | 3 |  | 13 |  | 0 | 0 |  | 0 |
| Pay | Pay | CPURNSA | CPURNSA | 3.300 | Maturity | Maturity | 06/04/2026 | 1900 |  | 0 |  | (1) |  | (1) |  | 0 | 0 |  | (5) |
| Pay | Pay | CPURNSA | CPURNSA | 3.435 | Maturity | Maturity | 08/01/2026 | 2700 |  | 0 |  | (10) |  | (10) |  | 3 | 3 |  | 0 |
| Pay | Pay | CPURNSA | CPURNSA | 3.434 | Maturity | Maturity | 08/27/2026 | 2600 |  | 0 |  | (7) |  | (7) |  | 3 | 3 |  | 0 |
| Pay | Pay | CPURNSA | CPURNSA | 2.102 | Maturity | Maturity | 07/20/2027 | 1800 |  | (215) |  | (60) |  | (275) |  | 2 | 2 |  | 0 |
| Pay | Pay | CPURNSA | CPURNSA | 2.080 | Maturity | Maturity | 07/25/2027 | 1300 |  | (158) |  | (44) |  | (202) |  | 1 | 1 |  | 0 |
| Pay | Pay | CPURNSA | CPURNSA | 2.122 | Maturity | Maturity | 08/01/2027 | 1900 |  | (223) |  | (64) |  | (287) |  | 2 | 2 |  | 0 |
| Receive | Receive | CPURNSA | CPURNSA | 1.794 | Maturity | Maturity | 08/24/2027 | 600 |  | 89 |  | 21 |  | 110 |  | 0 | 0 |  | (1) |
| Receive | Receive | CPURNSA | CPURNSA | 1.798 | Maturity | Maturity | 08/25/2027 | 300 |  | 44 |  | 11 |  | 55 |  | 0 | 0 |  | 0 |
| Receive | Receive | CPURNSA | CPURNSA | 1.890 | Maturity | Maturity | 08/27/2027 | 300 |  | 42 |  | 11 |  | 53 |  | 0 | 0 |  | 0 |
| Pay | Pay | CPURNSA | CPURNSA | 2.180 | Maturity | Maturity | 09/20/2027 | 650 |  | (74) |  | (21) |  | (95) |  | 0 | 0 |  | 0 |
| Pay | Pay | CPURNSA | CPURNSA | 2.150 | Maturity | Maturity | 09/25/2027 | 600 |  | (70) |  | (20) |  | (90) |  | 0 | 0 |  | 0 |
| Pay | Pay | CPURNSA | CPURNSA | 2.155 | Maturity | Maturity | 10/17/2027 | 1400 |  | (163) |  | (46) |  | (209) |  | 1 | 1 |  | 0 |
| Pay | Pay | CPURNSA | CPURNSA | 2.335 | Maturity | Maturity | 02/05/2028 | 2010 |  | (184) |  | (60) |  | (244) |  | 1 | 1 |  | 0 |
| Pay | Pay | CPURNSA | CPURNSA | 2.353 | Maturity | Maturity | 05/09/2028 | 630 |  | (55) |  | (18) |  | (73) |  | 0 | 0 |  | 0 |
| Pay | Pay | CPURNSA | CPURNSA | 2.360 | Maturity | Maturity | 05/09/2028 | 950 |  | (83) |  | (27) |  | (110) |  | 1 | 1 |  | 0 |
| Pay | Pay | CPURNSA | CPURNSA | 2.364 | Maturity | Maturity | 05/10/2028 | 960 |  | (83) |  | (28) |  | (111) |  | 1 | 1 |  | 0 |
| Pay | Pay | CPURNSA | CPURNSA | 2.370 | Maturity | Maturity | 06/06/2028 | 1800 |  | (158) |  | (51) |  | (209) |  | 1 | 1 |  | 0 |
| Receive | Receive | CPURNSA | CPURNSA | 2.573 | Maturity | Maturity | 08/26/2028 | 1100 |  | 68 |  | 27 |  | 95 |  | 0 | 0 |  | (1) |
| Receive | Receive | CPURNSA | CPURNSA | 2.645 | Maturity | Maturity | 09/10/2028 | 500 |  | 27 |  | 12 |  | 39 |  | 0 | 0 |  | 0 |
| Pay | Pay | CPURNSA | CPURNSA | 2.165 | Maturity | Maturity | 04/16/2029 | 1100 |  | (127) |  | (30) |  | (157) |  | 1 | 1 |  | 0 |
| Pay | Pay | CPURNSA | CPURNSA | 1.954 | Maturity | Maturity | 06/03/2029 | 400 |  | (54) |  | (11) |  | (65) |  | 0 | 0 |  | 0 |
| Pay | Pay | CPURNSA | CPURNSA | 1.998 | Maturity | Maturity | 07/25/2029 | 2800 |  | (359) |  | (77) |  | (436) |  | 2 | 2 |  | 0 |
| Receive | Receive | CPURNSA | CPURNSA | 2.311 | Maturity | Maturity | 02/24/2031 | 8300 |  | 896 |  | 169 |  | 1065 |  | 0 | 0 |  | (5) |
| Pay | Pay | FRCPXTOB | FRCPXTOB | 1.910 | Maturity | Maturity | 01/15/2038 | 390 |  | (47) |  | 32 |  | (15) |  | 0 | 0 |  | (1) |
| Receive | Receive | UKRPI | UKRPI | 3.365 | Maturity | Maturity | 09/15/2027 | 2300 |  | 1 |  | 45 |  | 46 |  | 1 | 1 |  | 0 |
| Pay | Pay | UKRPI | UKRPI | 3.500 | Maturity | Maturity | 08/15/2034 | 1600 |  | 9 |  | (26) |  | (17) |  | 0 | 0 |  | (10) |
| Pay | Pay | UKRPI | UKRPI | 3.466 | Maturity | Maturity | 09/15/2034 | 700 |  | 0 |  | (12) |  | (12) |  | 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** | **$** | $**1729** | **1729** | $**1431** | **1431** | $**3160** | **3160** | $**437** | **437** | **437** | $**(249)** | **(249)** |
| **(h)** | **Securities with an aggregate market value of $4,162 and cash of $6,423 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 $4,162 and cash of $6,423 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 $4,162 and cash of $6,423 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 $4,162 and cash of $6,423 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 $4,162 and cash of $6,423 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 $4,162 and cash of $6,423 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 $4,162 and cash of $6,423 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 $4,162 and cash of $6,423 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 $4,162 and cash of $6,423 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 $4,162 and cash of $6,423 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 $4,162 and cash of $6,423 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 $4,162 and cash of $6,423 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 $4,162 and cash of $6,423 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 $4,162 and cash of $6,423 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 $4,162 and cash of $6,423 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 $4,162 and cash of $6,423 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 $4,162 and cash of $6,423 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 $4,162 and cash of $6,423 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 $4,162 and cash of $6,423 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** |
| <sup>(1)</sup> | Unsettled variation margin asset of $52 and liability of $(34) for closed futures is outstanding at period end. | Unsettled variation margin asset of $52 and liability of $(34) for closed futures is outstanding at period end. | Unsettled variation margin asset of $52 and liability of $(34) for closed futures is outstanding at period end. | Unsettled variation margin asset of $52 and liability of $(34) for closed futures is outstanding at period end. | Unsettled variation margin asset of $52 and liability of $(34) for closed futures is outstanding at period end. | Unsettled variation margin asset of $52 and liability of $(34) for closed futures is outstanding at period end. | Unsettled variation margin asset of $52 and liability of $(34) for closed futures is outstanding at period end. | Unsettled variation margin asset of $52 and liability of $(34) for closed futures is outstanding at period end. | Unsettled variation margin asset of $52 and liability of $(34) for closed futures is outstanding at period end. | Unsettled variation margin asset of $52 and liability of $(34) for closed futures is outstanding at period end. | Unsettled variation margin asset of $52 and liability of $(34) for closed futures is outstanding at period end. | Unsettled variation margin asset of $52 and liability of $(34) for closed futures is outstanding at period end. | Unsettled variation margin asset of $52 and liability of $(34) for closed futures is outstanding at period end. | Unsettled variation margin asset of $52 and liability of $(34) for closed futures is outstanding at period end. | Unsettled variation margin asset of $52 and liability of $(34) for closed futures is outstanding at period end. | Unsettled variation margin asset of $52 and liability of $(34) for closed futures is outstanding at period end. | Unsettled variation margin asset of $52 and liability of $(34) for closed futures is outstanding at period end. | Unsettled variation margin asset of $52 and liability of $(34) for closed futures is outstanding at period end. | Unsettled variation margin asset of $52 and liability of $(34) for closed futures is outstanding at period end. |
| <sup>(2)</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. |
| **(i)** | **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 | 6311 | 6311 | $ | $4608 | 4608 | 4608 | 70 | 70 | 70 | 70 | $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 | 1200 | 1200 |  | 230 | 230 | 230 | 0 | 0 | 0 | 0 | (2) | (2) | (2) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | CNH | 1158 | 1158 |  | 168 | 168 | 168 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | EUR | 27 | 27 |  | 31 | 31 | 31 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | GBP | 141 | 141 |  | 190 | 190 | 190 | 3 | 3 | 3 | 3 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | INR | 44238 | 44238 |  | 471 | 471 | 471 | 4 | 4 | 4 | 4 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | KRW | 116660 | 116660 |  | 80 | 80 | 80 | 2 | 2 | 2 | 2 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | PLN | 898 | 898 |  | 243 | 243 | 243 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | $ | $229 | 229 | BRL | 1200 | 1200 | 1200 | 3 | 3 | 3 | 3 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 60 | 60 | CNH | 414 | 414 | 414 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 3335 | 3335 | EUR | 2822 | 2822 | 2822 | 0 | 0 | 0 | 0 | (73) | (73) | (73) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 471 | 471 | INR | 44317 | 44317 | 44317 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 853 | 853 | JPY | 136049 | 136049 | 136049 | 5 | 5 | 5 | 5 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 59 | 59 | MXN | 1093 | 1093 | 1093 | 2 | 2 | 2 | 2 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 299 | 299 | PLN | 1087 | 1087 | 1087 | 0 | 0 | 0 | 0 | (6) | (6) | (6) |

---

------

<br> Consolidated Schedule of Investments PIMCO CommodityRealReturn<sup>®</sup> Strategy Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 05/2026  | 135639 | $853 | 0 | (5) |
|  | 06/2026  | 2226 | 717 | 8 | 0 |
|  | 06/2026  | 6120 | 341 | 2 | 0 |
|  | 06/2026  | $19 | 99 | 0 | 0 |
|  | 10/2026  | 1300 | $238 | 0 | (3) |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | 04/2026  | 17826 | 3322 | 0 | (119) |
|  | 04/2026  | 414 | 60 | 0 | 0 |
|  | 04/2026  | 2081 | 673 | 11 | 0 |
|  | 04/2026  | 319531 | 213 | 1 | 0 |
|  | 04/2026  | 1738 | 1028 | 29 | 0 |
|  | 04/2026  | 360 | 97 | 0 | 0 |
|  | 04/2026  | 40914 | 1266 | 24 | (1) |
|  | 04/2026  | $506 | 726 | 0 | (5) |
|  | 04/2026  | 3385 | 17826 | 56 | 0 |
|  | 04/2026  | 2047 | 34644630 | 0 | (7) |
|  | 04/2026  | 407 | 1290 | 3 | 0 |
|  | 04/2026  | 621 | 57345 | 0 | (15) |
|  | 04/2026  | 243 | 362529 | 1 | (2) |
|  | 04/2026  | 829 | 2988 | 0 | (24) |
|  | 04/2026  | 1 | 21 | 0 | 0 |
|  | 04/2026  | 1130 | 36105 | 0 | (3) |
|  | 05/2026  | 1288 | $407 | 0 | (3) |
|  | 05/2026  | 92016 | 973 | 0 | (4) |
|  | 05/2026  | 21267 | 660 | 0 | (3) |
|  | 05/2026  | $380 | 1995 | 3 | 0 |
|  | 05/2026  | 487 | 8293741 | 1 | 0 |
|  | 05/2026  | 96 | 3152 | 0 | 0 |
|  | 06/2026  | 167 | 2813915 | 0 | (2) |
|  | 07/2026  | 6300 | $1174 | 0 | (18) |
|  | 07/2026  | $1640 | 8812 | 27 | 0 |
|  | 10/2026  | 8400 | $1532 | 0 | (22) |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | 04/2026  | 720 | 563 | 3 | 0 |
|  | 04/2026  | 22747 | 493 | 0 | (9) |
|  | 04/2026  | $368 | 1324 | 0 | (11) |
|  | 04/2026  | 424 | 3851 | 0 | (18) |
|  | 04/2026  | 3934 | 175142 | 7 | 0 |
|  | 04/2026  | 562 | 9203 | 0 | (19) |
|  | 05/2026  | 4652 | $100 | 0 | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | 04/2026  | 17400 | 3196 | 0 | (164) |
|  | 04/2026  | $3351 | 17400 | 9 | 0 |
|  | 04/2026  | 6710 | 5041 | 0 | (38) |
|  | 04/2026  | 4710 | 751986 | 28 | 0 |
|  | 04/2026  | 3544 | 6139 | 0 | (16) |
|  | 04/2026  | 609 | 2203 | 0 | (16) |
|  | 05/2026  | 5041 | $6710 | 38 | 0 |
|  | 05/2026  | 749721 | 4710 | 0 | (28) |
|  | 05/2026  | 6139 | 3548 | 17 | 0 |
|  | 10/2026  | 18600 | 3433 | 0 | (9) |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | 04/2026  | 414 | 60 | 0 | 0 |
|  | 04/2026  | 3190 | 3695 | 8 | 0 |
|  | 04/2026  | 345 | 462 | 6 | 0 |
|  | 04/2026  | 334730 | 3581 | 46 | 0 |
|  | 04/2026  | 1645 | 169 | 0 | (1) |
|  | 04/2026  | 940 | 101 | 2 | 0 |
|  | 04/2026  | 22 | 1 | 0 | 0 |
|  | 04/2026  | 1561 | 49 | 0 | 0 |
|  | 04/2026  | $180 | 1237 | 0 | 0 |
|  | 04/2026  | 989 | 745 | 0 | (3) |
|  | 04/2026  | 7911 | 729940 | 7 | (182) |
|  | 04/2026  | 1 | 25 | 0 | 0 |
|  | 06/2026  | 1483306 | $382 | 0 | (15) |
|  | 06/2026  | 375 | 121 | 2 | 0 |
|  | 06/2026  | $120 | 2021297 | 0 | (1) |
|  | 06/2026  | 510 | 9017 | 0 | (10) |
|  | 09/2026  | 436 | 1689019 | 7 | 0 |
|  | 09/2026  | 121 | 2171 | 0 | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | 04/2026  | 2697 | $871 | 13 | 0 |
|  | 04/2026  | 133710 | 1419 | 9 | (2) |
|  | 04/2026  | $179 | 1225 | 0 | (1) |
|  | 04/2026  | 1535 | 144766 | 10 | (7) |
|  | 04/2026  | 6153 | 7860 | 0 | (40) |
|  | 04/2026  | 421 | 13762 | 0 | (4) |
|  | 05/2026  | 7842 | $6153 | 39 | 0 |
|  | 06/2026  | 13734 | 421 | 2 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | 04/2026  | 1779 | 1261 | 33 | 0 |
|  | 04/2026  | 674 | 873 | 30 | 0 |
|  | 04/2026  | 5490 | 7417 | 150 | 0 |
|  | 04/2026  | 232551 | 1488 | 23 | 0 |
|  | 04/2026  | $724 | 577 | 0 | (2) |
|  | 04/2026  | 258 | 192 | 0 | (4) |
|  | 04/2026  | 5867 | 936292 | 33 | 0 |
|  | 04/2026  | 409 | 1475 | 0 | (11) |
|  | 04/2026  | 33 | 42 | 0 | 0 |
|  | 05/2026  | 575 | $724 | 3 | 0 |

---

------

<br> Consolidated Schedule of Investments PIMCO CommodityRealReturn<sup>®</sup> Strategy Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 05/2026  | 933463 | 5866 | 0 | (33) |
|  | 05/2026  | 42 | 33 | 0 | 0 |
|  | 05/2026  | $255 | 190 | 0 | (3) |
|  | 06/2026  | 966 | $313 | 6 | 0 |
|  | 06/2026  | $1625 | 28289 | 0 | (56) |
|  | 09/2026  | 99 | 1740 | 0 | (3) |
| &nbsp;&nbsp;&nbsp;&nbsp; GLM | 04/2026  | 48511 | $8806 | 0 | (560) |
|  | 04/2026  | 1310 | 421 | 5 | 0 |
|  | 04/2026  | 3629 | 40 | 2 | 0 |
|  | 04/2026  | $9264 | 48511 | 102 | 0 |
|  | 04/2026  | 156 | 1074 | 0 | 0 |
|  | 04/2026  | 54 | 910657 | 0 | 0 |
|  | 04/2026  | 503 | 9279 | 14 | 0 |
|  | 04/2026  | 233 | 7629 | 0 | (1) |
|  | 06/2026  | 2518285 | $149 | 1 | 0 |
|  | 06/2026  | 7616 | 232 | 0 | 0 |
|  | 06/2026  | $4563 | 24569 | 118 | 0 |
|  | 06/2026  | 263 | 4454133 | 0 | (1) |
|  | 06/2026  | 81 | 253 | 0 | 0 |
|  | 06/2026  | 1554 | 27374 | 0 | (36) |
|  | 07/2026  | 9100 | $1686 | 0 | (35) |
|  | 07/2026  | $50 | 271 | 1 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; IND | 04/2026  | 16834 | $19877 | 420 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | 04/2026  | 9400 | 1586 | 0 | (229) |
|  | 04/2026  | 1377 | 199 | 0 | (1) |
|  | 04/2026  | 21 | 24 | 0 | 0 |
|  | 04/2026  | 70000 | 745 | 5 | 0 |
|  | 04/2026  | 1836 | 500 | 6 | (1) |
|  | 04/2026  | 7183 | 5699 | 113 | 0 |
|  | 04/2026  | $1788 | 9400 | 27 | 0 |
|  | 04/2026  | 1187 | 1011 | 0 | (18) |
|  | 04/2026  | 745 | 70120 | 2 | 0 |
|  | 04/2026  | 1994 | 35794 | 5 | (4) |
|  | 04/2026  | 599 | 2231 | 2 | 0 |
|  | 04/2026  | 1376 | 22983 | 0 | (20) |
|  | 04/2026  | 9748 | $574 | 0 | (2) |
|  | 05/2026  | $89 | 616 | 0 | 0 |
|  | 06/2026  | 862 | $279 | 4 | 0 |
|  | 06/2026  | 6496 | 362 | 2 | 0 |
|  | 07/2026  | 3500 | 647 | 0 | (15) |
|  | 10/2026  | 2500 | 455 | 0 | (7) |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | 04/2026  | 188 | 239 | 4 | 0 |
|  | 04/2026  | 27 | 31 | 0 | 0 |
|  | 04/2026  | 0 | 0 | 0 | 0 |
|  | 04/2026  | 683067 | 4335 | 36 | (5) |
|  | 04/2026  | 554691 | 379 | 10 | 0 |
|  | 04/2026  | 94 | 10 | 0 | 0 |
|  | 04/2026  | 2120 | 226 | 2 | 0 |
|  | 04/2026  | 14722 | 463 | 16 | 0 |
|  | 04/2026  | $361 | 284 | 0 | (6) |
|  | 04/2026  | 113 | 97 | 0 | 0 |
|  | 04/2026  | 500 | 46380 | 0 | (10) |
|  | 04/2026  | 1810 | 289422 | 14 | 0 |
|  | 04/2026  | 152 | 2798 | 4 | 0 |
|  | 04/2026  | 223 | 2184 | 2 | 0 |
|  | 05/2026  | 288548 | $1810 | 0 | (14) |
|  | 05/2026  | 2185 | 223 | 0 | (2) |
|  | 05/2026  | $0 | 0 | 0 | 0 |
|  | 06/2026  | 785 | $44 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MYI | 04/2026  | 178 | 50 | 2 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; NGF | 04/2026  | 448 | 47 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | 04/2026  | 182892 | 1172 | 20 | 0 |
|  | 04/2026  | 4401 | 2631 | 102 | 0 |
|  | 04/2026  | 1143 | 36 | 1 | 0 |
|  | 04/2026  | $4916 | 6807 | 0 | (23) |
|  | 04/2026  | 754 | 68705 | 0 | (29) |
|  | 04/2026  | 180 | 650 | 0 | (5) |
|  | 05/2026  | 6797 | $4916 | 23 | 0 |
|  | 05/2026  | $564 | 89700 | 3 | 0 |
|  | 06/2026  | 439 | 7407492 | 0 | (4) |
| &nbsp;&nbsp;&nbsp;&nbsp; SOG | 04/2026  | 1084 | $1283 | 30 | 0 |
|  | 04/2026  | 1008764 | 6483 | 127 | 0 |
|  | 04/2026  | 793 | 83 | 0 | (1) |
|  | 04/2026  | $19910 | 17253 | 32 | 0 |
|  | 05/2026  | 17253 | $19941 | 0 | (31) |
|  | 05/2026  | $83 | 791 | 1 | 0 |
|  | 06/2026  | 687 | $223 | 4 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SSB | 04/2026  | 2870 | 2042 | 62 | 0 |
|  | 04/2026  | 487 | 356 | 6 | 0 |
|  | 04/2026  | 6577 | 42 | 1 | 0 |
|  | 08/2026  | $456 | 1740967 | 3 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | 04/2026  | 908 | $247 | 2 | 0 |
|  | 04/2026  | $854 | 3091 | 0 | (22) |
|  | 06/2026  | 1838646 | $474 | 0 | (18) |

---

------

<br> Consolidated Schedule of Investments PIMCO CommodityRealReturn<sup>®</sup> Strategy Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  | 06/2026  | 06/2026  | ILS | ILS | ILS | 1113 | 1113 | 1113 | 1113 |  |  | 360 | 360 | 360 | 360 | 360 |  | 5 | 5 |  |  | 0 | 0 | 0 |
|  |  |  |  | 06/2026  | 06/2026  | MXN | MXN | MXN | 1002 | 1002 | 1002 | 1002 |  |  | 56 | 56 | 56 | 56 | 56 |  | 0 | 0 |  |  | 0 | 0 | 0 |
|  |  |  |  | 06/2026  | 06/2026  | $ | $ | $ | 638 | 638 | 638 | 638 | MXN | MXN | 11127 | 11127 | 11127 | 11127 | 11127 |  | 0 | 0 |  |  | (21) | (21) | (21) |
| **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** | **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** | $**2129** | **2129** | **2129** | **$** | $**(2147)** | **(2147)** | **(2147)** | **(2147)** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **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** | **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** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** |
| Counterparty | Counterparty | Counterparty | Description | Description | Description | Description | Description | Description | Buy/Sell<br>Protection | Buy/Sell<br>Protection | Buy/Sell<br>Protection | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Expiration<br>Date |  | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value | Market<br>Value | Market<br>Value |
| GST | GST | 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  | Put - OTC CDX.IG-45 5-Year Index  | Put - OTC CDX.IG-45 5-Year Index  | Put - OTC CDX.IG-45 5-Year Index  | Sell | Sell | Sell | 0.850% | 0.850% | 0.850% | 0.850% | 05/20/2026 | 05/20/2026 |  | 1600 | 1600 | 1600 | (2) | (2) | $ | $(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** | **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** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** |
| Counterparty | Counterparty | Counterparty | Description | Description | Initial<br>Index | Initial<br>Index | &nbsp;&nbsp;&nbsp;&nbsp; Floating<br>Rate | &nbsp;&nbsp;&nbsp;&nbsp; Floating<br>Rate | &nbsp;&nbsp;&nbsp;&nbsp; Floating<br>Rate | &nbsp;&nbsp;&nbsp;&nbsp; Floating<br>Rate | &nbsp;&nbsp;&nbsp;&nbsp; Floating<br>Rate | &nbsp;&nbsp;&nbsp;&nbsp; Floating<br>Rate | &nbsp;&nbsp;&nbsp;&nbsp; Floating<br>Rate | &nbsp;&nbsp;&nbsp;&nbsp; Floating<br>Rate | &nbsp;&nbsp;&nbsp;&nbsp; Floating<br>Rate | Expiration<br>Date | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value | Market<br>Value | Market<br>Value |
| GLM | GLM | GLM | Cap - OTC CPALEMU  | Cap - OTC CPALEMU  | 100.151 | 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 | &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 | &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 | 06/22/2035 |  | 1200 | 1200 | 1200 | (55) | (55) | $ | $(29) | (29) | (29) |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **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 | Counterparty | Counterparty | Description | Description | Floating Rate<br>Index | Floating Rate<br>Index | Floating Rate<br>Index | Floating Rate<br>Index | Pay/Receive<br>Floating Rate | Pay/Receive<br>Floating Rate | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Expiration<br>Date |  | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value | Market<br>Value | Market<br>Value |
| BRC | BRC | BRC | Call - OTC 2-Year Interest Rate Swap  | Call - OTC 2-Year Interest Rate Swap  | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | Receive | Receive | Receive | 2.440% | 2.440% | 2.440% | 2.440% | 01/25/2027 | 01/25/2027 |  | 1400 | 1400 | 1400 | (13) | (13) | $ | $(4) | (4) | (4) |
|  |  |  | Put - OTC 2-Year Interest Rate Swap  | Put - OTC 2-Year Interest Rate Swap  | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | Pay | Pay | Pay | 2.440 | 2.440 | 2.440 | 2.440 | 01/25/2027 | 01/25/2027 |  | 1400 | 1400 | 1400 | (12) | (12) |  | (19) | (19) | (19) |
| GLM | GLM | GLM | Call - OTC 2-Year Interest Rate Swap  | Call - OTC 2-Year Interest Rate Swap  | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | Receive | Receive | Receive | 2.350 | 2.350 | 2.350 | 2.350 | 01/07/2027 | 01/07/2027 |  | 12500 | 12500 | 12500 | (113) | (113) |  | (33) | (33) | (33) |
|  |  |  | Put - OTC 2-Year Interest Rate Swap  | Put - OTC 2-Year Interest Rate Swap  | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | Pay | Pay | Pay | 2.350 | 2.350 | 2.350 | 2.350 | 01/07/2027 | 01/07/2027 |  | 12500 | 12500 | 12500 | (113) | (113) |  | (187) | (187) | (187) |
|  |  |  | Call - OTC 2-Year Interest Rate Swap  | Call - OTC 2-Year Interest Rate Swap  | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | Receive | Receive | Receive | 2.500 | 2.500 | 2.500 | 2.500 | 01/14/2027 | 01/14/2027 |  | 5000 | 5000 | 5000 | (46) | (46) |  | (18) | (18) | (18) |
|  |  |  | Put - OTC 2-Year Interest Rate Swap  | Put - OTC 2-Year Interest Rate Swap  | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | Pay | Pay | Pay | 2.500 | 2.500 | 2.500 | 2.500 | 01/14/2027 | 01/14/2027 |  | 5000 | 5000 | 5000 | (46) | (46) |  | (64) | (64) | (64) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (343) | (343) | $ | $(325) | (325) | (325) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **(400)** | **(400)** | **$** | $**(355)** | **(355)** | **(355)** |
| **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:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</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> | <u>Swap Agreements, at Value</u><sup>(4)</sup> | <u>Swap Agreements, at Value</u><sup>(4)</sup> |
| Counterparty | Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount<sup>(3)</sup> |  |  | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset |  | Liability |
| DUB | CMBX.NA.AAA.8 Index  | CMBX.NA.AAA.8 Index  | CMBX.NA.AAA.8 Index  | CMBX.NA.AAA.8 Index  | CMBX.NA.AAA.8 Index  | CMBX.NA.AAA.8 Index  | CMBX.NA.AAA.8 Index  | 0.500% | 0.500% | Monthly | Monthly | 10/17/2057 | 10/17/2057 | 10/17/2057 | 10/17/2057 | 10/17/2057 | 10 | $ | $ | (1) | (1) | 1 | 0 | 0 | 0 | $ | 0 |
| GST | CMBX.NA.AAA.8 Index  | CMBX.NA.AAA.8 Index  | CMBX.NA.AAA.8 Index  | CMBX.NA.AAA.8 Index  | CMBX.NA.AAA.8 Index  | CMBX.NA.AAA.8 Index  | CMBX.NA.AAA.8 Index  | 0.500 | 0.500 | Monthly | Monthly | 10/17/2057 | 10/17/2057 | 10/17/2057 | 10/17/2057 | 10/17/2057 | 4 |  |  | 1 | 1 | (1) | 0 | 0 | 0 |  | 0 |
| SAL | CMBX.NA.AAA.12 Index  | CMBX.NA.AAA.12 Index  | CMBX.NA.AAA.12 Index  | CMBX.NA.AAA.12 Index  | CMBX.NA.AAA.12 Index  | CMBX.NA.AAA.12 Index  | CMBX.NA.AAA.12 Index  | 0.500 | 0.500 | Monthly | Monthly | 08/17/2061 | 08/17/2061 | 08/17/2061 | 08/17/2061 | 08/17/2061 | 400 |  |  | (1) | (1) | 2 | 1 | 1 | 1 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (1) | (1) | $2 | $1 | 1 | 1 | 1 | $0 |
| **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | Pay/Receive<sup>(5)</sup> | Pay/Receive<sup>(5)</sup> | Underlying<br>Reference | Underlying<br>Reference | # of Units | &nbsp;&nbsp; Financing Rate | &nbsp;&nbsp; Financing Rate | &nbsp;&nbsp; Financing Rate | &nbsp;&nbsp; Financing Rate | Payment<br>Frequency | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount | Notional<br>Amount |  | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Asset | Liability |
| &nbsp;&nbsp; BOA | &nbsp;&nbsp; BOA | Receive | Receive | BACVWSAV Index  | BACVWSAV Index  | 1 | &nbsp;&nbsp; (0.550)% | &nbsp;&nbsp; (0.550)% | &nbsp;&nbsp; (0.550)% | &nbsp;&nbsp; (0.550)% | Monthly | Monthly | Monthly | 03/31/2026 | 03/31/2026 | 03/31/2026 | $379 | 379 | $ | 0 | 0 | $0 | $0 | 0 | 0 | 0 | $0 |
| &nbsp;&nbsp; BPS | &nbsp;&nbsp; BPS | Receive | Receive | BCOMTR Index  | BCOMTR Index  | 140456 | &nbsp;&nbsp; 3.740% (3-Month U.S. Treasury Bill rate plus a specified spread) | &nbsp;&nbsp; 3.740% (3-Month U.S. Treasury Bill rate plus a specified spread) | &nbsp;&nbsp; 3.740% (3-Month U.S. Treasury Bill rate plus a specified spread) | &nbsp;&nbsp; 3.740% (3-Month U.S. Treasury Bill rate plus a specified spread) | Monthly | Monthly | Monthly | 06/15/2026 | 06/15/2026 | 06/15/2026 | 47168 | 47168 |  | 109 | 109 | 923 | 1032 | 1032 | 1032 | 1032 | 0 |
|  |  | Receive | Receive | BCOMF1NTC Index  | BCOMF1NTC Index  | 17434 | &nbsp;&nbsp; 0.120% | &nbsp;&nbsp; 0.120% | &nbsp;&nbsp; 0.120% | &nbsp;&nbsp; 0.120% | Monthly | Monthly | Monthly | 03/15/2027 | 03/15/2027 | 03/15/2027 | 2193 | 2193 |  | 0 | 0 | (30) | 0 | 0 | 0 | 0 | (30) |
|  |  | Receive | Receive | BCOMF1TC Index  | BCOMF1TC Index  | 140482 | &nbsp;&nbsp; 3.760% (3-Month U.S. Treasury Bill rate plus a specified spread) | &nbsp;&nbsp; 3.760% (3-Month U.S. Treasury Bill rate plus a specified spread) | &nbsp;&nbsp; 3.760% (3-Month U.S. Treasury Bill rate plus a specified spread) | &nbsp;&nbsp; 3.760% (3-Month U.S. Treasury Bill rate plus a specified spread) | Monthly | Monthly | Monthly | 03/15/2027 | 03/15/2027 | 03/15/2027 | 20151 | 20151 |  | 0 | 0 | 162 | 162 | 162 | 162 | 162 | 0 |
| &nbsp;&nbsp; CBK | &nbsp;&nbsp; CBK | Receive | Receive | BCOMF1TC Index  | BCOMF1TC Index  | 421 | &nbsp;&nbsp; 3.760% (3-Month U.S. Treasury Bill rate plus a specified spread) | &nbsp;&nbsp; 3.760% (3-Month U.S. Treasury Bill rate plus a specified spread) | &nbsp;&nbsp; 3.760% (3-Month U.S. Treasury Bill rate plus a specified spread) | &nbsp;&nbsp; 3.760% (3-Month U.S. Treasury Bill rate plus a specified spread) | Monthly | Monthly | Monthly | 05/15/2026 | 05/15/2026 | 05/15/2026 | 69 | 69 |  | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 0 |
|  |  | Receive | Receive | BCOMTR Index  | BCOMTR Index  | 15475 | &nbsp;&nbsp; 3.740% (3-Month U.S. Treasury Bill rate plus a specified spread) | &nbsp;&nbsp; 3.740% (3-Month U.S. Treasury Bill rate plus a specified spread) | &nbsp;&nbsp; 3.740% (3-Month U.S. Treasury Bill rate plus a specified spread) | &nbsp;&nbsp; 3.740% (3-Month U.S. Treasury Bill rate plus a specified spread) | Monthly | Monthly | Monthly | 05/15/2026 | 05/15/2026 | 05/15/2026 | 5197 | 5197 |  | 0 | 0 | 114 | 114 | 114 | 114 | 114 | 0 |

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<br> Consolidated Schedule of Investments PIMCO CommodityRealReturn<sup>®</sup> Strategy Portfolio (Cont.) March 31, 2026 (Unaudited)

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | Receive | CIXBSTR3 Index  | CIXBSTR3 Index  | 118366 | &nbsp;&nbsp; 3.770% (3-Month U.S. Treasury Bill rate plus a specified spread) | &nbsp;&nbsp; 3.770% (3-Month U.S. Treasury Bill rate plus a specified spread) | &nbsp;&nbsp; 3.770% (3-Month U.S. Treasury Bill rate plus a specified spread) | Monthly | Monthly | 05/15/2026 |  | 43530 | 0 | 0 | 955 | 955 | 0 |
| &nbsp;&nbsp; CIB | &nbsp;&nbsp; CIB | Receive | BCOMTR Index  | BCOMTR Index  | 11132 | &nbsp;&nbsp; 3.740% (3-Month U.S. Treasury Bill rate plus a specified spread) | &nbsp;&nbsp; 3.740% (3-Month U.S. Treasury Bill rate plus a specified spread) | &nbsp;&nbsp; 3.740% (3-Month U.S. Treasury Bill rate plus a specified spread) | Monthly | Monthly | 06/15/2026 |  | 3738 | 0 | 0 | 82 | 82 | 0 |
| &nbsp;&nbsp; GST | &nbsp;&nbsp; GST | Receive | BCOMF1NTC Index  | BCOMF1NTC Index  | 1176 | &nbsp;&nbsp; 3.820% (3-Month U.S. Treasury Bill rate plus a specified spread) | &nbsp;&nbsp; 3.820% (3-Month U.S. Treasury Bill rate plus a specified spread) | &nbsp;&nbsp; 3.820% (3-Month U.S. Treasury Bill rate plus a specified spread) | Monthly | Monthly | 04/15/2026 |  | 406 | 0 | 0 | (33) | 0 | (33) |
|  |  | Receive | BCOMF1TC Index  | BCOMF1TC Index  | 102940 | &nbsp;&nbsp; 3.760% (3-Month U.S. Treasury Bill rate plus a specified spread) | &nbsp;&nbsp; 3.760% (3-Month U.S. Treasury Bill rate plus a specified spread) | &nbsp;&nbsp; 3.760% (3-Month U.S. Treasury Bill rate plus a specified spread) | Monthly | Monthly | 04/15/2026 |  | 54711 | 0 | 0 | 439 | 439 | 0 |
|  |  | Receive | BCOMTR Index  | BCOMTR Index  | 1 | &nbsp;&nbsp; 3.750% (3-Month U.S. Treasury Bill rate plus a specified spread) | &nbsp;&nbsp; 3.750% (3-Month U.S. Treasury Bill rate plus a specified spread) | &nbsp;&nbsp; 3.750% (3-Month U.S. Treasury Bill rate plus a specified spread) | Monthly | Monthly | 04/15/2026 |  | 6615 | 0 | 0 | (10) | 0 | (10) |
|  |  | Receive | CMDSKEWLS Index  | CMDSKEWLS Index  | 11165 | &nbsp;&nbsp; 0.250% | &nbsp;&nbsp; 0.250% | &nbsp;&nbsp; 0.250% | Monthly | Monthly | 04/15/2026 |  | 7691 | 0 | 0 | 58 | 58 | 0 |
|  |  | Pay | SPGCINP Index  | SPGCINP Index  | 721 | &nbsp;&nbsp; (0.070)% | &nbsp;&nbsp; (0.070)% | &nbsp;&nbsp; (0.070)% | Monthly | Monthly | 01/15/2027 |  | 192 | 0 | 0 | 2 | 2 | 0 |
| &nbsp;&nbsp; JPM | &nbsp;&nbsp; JPM | Receive | BCOMF1TC Index  | BCOMF1TC Index  | 21991 | &nbsp;&nbsp; 3.770% (3-Month U.S. Treasury Bill rate plus a specified spread) | &nbsp;&nbsp; 3.770% (3-Month U.S. Treasury Bill rate plus a specified spread) | &nbsp;&nbsp; 3.770% (3-Month U.S. Treasury Bill rate plus a specified spread) | Monthly | Monthly | 07/15/2026 |  | 6113 | 0 | 0 | 49 | 49 | 0 |
|  |  | Receive | JMABNIC5 Index  | JMABNIC5 Index  | 61603 | &nbsp;&nbsp; 0.000% | &nbsp;&nbsp; 0.000% | &nbsp;&nbsp; 0.000% | Monthly | Monthly | 07/15/2026 |  | 14974 | 0 | 0 | 84 | 84 | 0 |
|  |  | Receive | JMABFNJ2 Index  | JMABFNJ2 Index  | 35936 | &nbsp;&nbsp; 0.000% | &nbsp;&nbsp; 0.000% | &nbsp;&nbsp; 0.000% | Monthly | Monthly | 01/29/2027 |  | 3851 | 0 | 0 | 0 | 0 | 0 |
| &nbsp;&nbsp; MAC | &nbsp;&nbsp; MAC | Receive | BCOMTR Index  | BCOMTR Index  | 5094 | &nbsp;&nbsp; 3.750% (3-Month U.S. Treasury Bill rate plus a specified spread) | &nbsp;&nbsp; 3.750% (3-Month U.S. Treasury Bill rate plus a specified spread) | &nbsp;&nbsp; 3.750% (3-Month U.S. Treasury Bill rate plus a specified spread) | Monthly | Monthly | 08/17/2026 |  | 1711 | 0 | 0 | 37 | 37 | 0 |
|  |  | Receive | PIMCODB Index  | PIMCODB Index  | 200698 | &nbsp;&nbsp; 0.000% | &nbsp;&nbsp; 0.000% | &nbsp;&nbsp; 0.000% | Monthly | Monthly | 08/17/2026 |  | 49460 | 0 | 0 | 897 | 897 | 0 |
| &nbsp;&nbsp; MEI | &nbsp;&nbsp; MEI | Receive | BCOMTR Index  | BCOMTR Index  | 13109 | &nbsp;&nbsp; 3.740% (3-Month U.S. Treasury Bill rate plus a specified spread) | &nbsp;&nbsp; 3.740% (3-Month U.S. Treasury Bill rate plus a specified spread) | &nbsp;&nbsp; 3.740% (3-Month U.S. Treasury Bill rate plus a specified spread) | Monthly | Monthly | 09/15/2026 |  | 4402 | 0 | 0 | 96 | 96 | 0 |
|  |  | Receive | BCOMTR2 Index  | BCOMTR2 Index  | 292026 | &nbsp;&nbsp; 3.740% (3-Month U.S. Treasury Bill rate plus a specified spread) | &nbsp;&nbsp; 3.740% (3-Month U.S. Treasury Bill rate plus a specified spread) | &nbsp;&nbsp; 3.740% (3-Month U.S. Treasury Bill rate plus a specified spread) | Monthly | Monthly | 09/15/2026 |  | 74862 | 0 | 0 | 1660 | 1660 | 0 |
| &nbsp;&nbsp; MYI | &nbsp;&nbsp; MYI | Receive | BCOMTR Index  | BCOMTR Index  | 201811 | &nbsp;&nbsp; 3.730% (3-Month U.S. Treasury Bill rate plus a specified spread) | &nbsp;&nbsp; 3.730% (3-Month U.S. Treasury Bill rate plus a specified spread) | &nbsp;&nbsp; 3.730% (3-Month U.S. Treasury Bill rate plus a specified spread) | Monthly | Monthly | 01/15/2027 |  | 67773 | 0 | 0 | 1483 | 1483 | 0 |
|  |  | Receive | BCOMTR1 Index  | BCOMTR1 Index  | 102417 | &nbsp;&nbsp; 3.770% (3-Month U.S. Treasury Bill rate plus a specified spread) | &nbsp;&nbsp; 3.770% (3-Month U.S. Treasury Bill rate plus a specified spread) | &nbsp;&nbsp; 3.770% (3-Month U.S. Treasury Bill rate plus a specified spread) | Monthly | Monthly | 01/15/2027 |  | 100191 | 0 | 0 | 2190 | 2190 | 0 |
| &nbsp;&nbsp; RBC | &nbsp;&nbsp; RBC | Receive | RBCAEC0T Index  | RBCAEC0T Index  | 50266 | &nbsp;&nbsp; 3.720% (3-Month U.S. Treasury Bill rate plus a specified spread) | &nbsp;&nbsp; 3.720% (3-Month U.S. Treasury Bill rate plus a specified spread) | &nbsp;&nbsp; 3.720% (3-Month U.S. Treasury Bill rate plus a specified spread) | Monthly | Monthly | 11/16/2026 |  | 5739 | 0 | 0 | 126 | 126 | 0 |
| &nbsp;&nbsp; SOG | &nbsp;&nbsp; SOG | Receive | BCOMTR Index  | BCOMTR Index  | 8773 | &nbsp;&nbsp; 3.720% (3-Month U.S. Treasury Bill rate plus a specified spread) | &nbsp;&nbsp; 3.720% (3-Month U.S. Treasury Bill rate plus a specified spread) | &nbsp;&nbsp; 3.720% (3-Month U.S. Treasury Bill rate plus a specified spread) | Monthly | Monthly | 12/15/2026 |  | 2946 | 0 | 0 | 64 | 64 | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | 109 | 109 | 9349 | 9531 | (73) |
| **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | Pay/Receive<sup>(5)</sup> | Pay/Receive<sup>(5)</sup> | Underlying<br>Reference | # of Shares | # of Shares | &nbsp;&nbsp; Financing Rate | &nbsp;&nbsp; Financing Rate | &nbsp;&nbsp; Financing Rate | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount |  | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Liability |
| &nbsp;&nbsp; MYC | &nbsp;&nbsp; MYC | Receive | Receive | U.S. Treasury Inflation Protected Securities  | N/A | N/A | &nbsp;&nbsp; 3.780% (SOFR plus a specified spread) | &nbsp;&nbsp; 3.780% (SOFR plus a specified spread) | Maturity | Maturity | 04/20/2026 | $ | 10000 | $0 | 0 | 2 | 2 | 0 |
| **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** | **VOLATILITY SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | Pay/Receive<br>Volatility | Pay/Receive<br>Volatility | Reference Entity | Reference Entity | Volatility<br>Strike | Volatility<br>Strike | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount | Notional<br>Amount | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Liability |
| &nbsp;&nbsp; JPM | &nbsp;&nbsp; JPM | Pay | Pay | GOLDLNPM Index<sup>(6)</sup>  | GOLDLNPM Index<sup>(6)</sup>  |  | 6.325% | Maturity | Maturity | 04/10/2026 | 04/10/2026 | $4453 | 4453 | $0 | 0 | 86 | 86 | 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** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **108** | **108** | **9439** | **9620** | **(73)** |
| **(j)** | **Securities with an aggregate market value of $269 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 $269 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 $269 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 $269 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 $269 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 $269 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 $269 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 $269 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 $269 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 $269 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 $269 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 $269 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 $269 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 $269 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 $269 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 $269 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 $269 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 $269 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> | 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. | Notional Amount represents the number of contracts. |

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<br> Consolidated Schedule of Investments PIMCO CommodityRealReturn<sup>®</sup> Strategy Portfolio (Cont.) March 31, 2026 (Unaudited)

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| <sup>(2)</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. |
| <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. |
| <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. |
| <sup>(5)</sup> | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. |
| <sup>(6)</sup> | Variance Swap | Variance Swap | Variance Swap | Variance Swap | Variance Swap |
| **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**: |
| Category and Subcategory | Category and Subcategory | 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** |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |
| Banking & Finance | Banking & Finance | $0 | $458 | $0 | $458 |
| Industrials | Industrials | 0 | 2964 | 0 | 2964 |
| U.S. Government Agencies | U.S. Government Agencies | 0 | 81355 | 0 | 81355 |
| U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 514787 | 0 | 514787 |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 8853 | 0 | 8853 |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |
| CMBS Other | CMBS Other | 0 | 4114 | 0 | 4114 |
| Home Equity Other | Home Equity Other | 0 | 3427 | 0 | 3427 |
| Whole Loan Collateral | Whole Loan Collateral | 0 | 2193 | 0 | 2193 |
| Other ABS | Other ABS | 0 | 22510 | 0 | 22510 |
| Sovereign Issues | Sovereign Issues | 0 | 35912 | 0 | 35912 |
| Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities |
| Banking & Finance | Banking & Finance | 0 | 230 | 0 | 230 |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Repurchase Agreements | Repurchase Agreements | 0 | 212100 | 0 | 212100 |
| U.S. Treasury Bills | U.S. Treasury Bills | 0 | 6630 | 0 | 6630 |
|  |  | $0 | $895533 | $0 | $895533 |
| **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 |
| Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | $210 | $0 | $0 | $210 |
| Total Investments | Total Investments | $210 | $895533 | $0 | $895743 |
| **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 | 1331 | 535 | 0 | 1866 |
| Over the counter | Over the counter | 0 | 11749 | 0 | 11749 |
|  |  | $1331 | $12284 | $0 | $13615 |
| **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 | (3794) | (345) | 0 | (4139) |
| Over the counter | Over the counter | 0 | (2575) | 0 | (2575) |
|  |  | $(3794) | $(2920) | $0 | $(6714) |
| Total Financial Derivative Instruments | Total Financial Derivative Instruments | $(2463) | $9364 | $0 | $6901 |
| Totals | Totals | $(2253) | $904897 | $0 | $902644 |
| **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.** |

---

------

Notes to Financial Statements

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

**1. BASIS FOR CONSOLIDATION** 

The Commodity Subsidiary, a Cayman Islands exempted company, was incorporated on July 21, 2006, as a wholly owned subsidiary acting as an investment vehicle for the Portfolio in order to effect certain investments for the Portfolio consistent with the Portfolio's investment objectives and policies as specified in its prospectus and statement of additional information. The Portfolio's investment portfolio has been consolidated and includes the portfolio holdings of the Portfolio and the Commodity Subsidiary. The consolidated financial statements include the accounts of the Portfolio and the Commodity Subsidiary. All inter-company transactions and balances have been eliminated. A subscription agreement was entered into between the Portfolio and the Commodity Subsidiary, comprising the entire issued share capital of the Commodity Subsidiary, with the intent that the Portfolio will remain the sole shareholder and retain all rights. Under the Memorandum and Articles of Association, shares issued by the Commodity Subsidiary confer upon a shareholder the right to receive notice of, to attend and to vote at general meetings of the Commodity Subsidiary and shall confer upon the shareholder rights in a winding-up or repayment of capital and the right to participate in the profits or assets of the Commodity Subsidiary. The net assets of the Commodity Subsidiary as of period end represented 43.7% of the Portfolio's consolidated net assets.

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

**(a) Investment Valuation Policies** The net asset value ("NAV") of the Portfolio's shares, or each of its share classes, as applicable, is determined by dividing the total value of portfolio investments and other assets attributable to the 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, the 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 Portfolio or its agents after the time as of which NAV has been calculated on a particular day will not generally be used to retroactively adjust the price of a security or the NAV determined earlier that day. If regular trading on the NYSE closes earlier than scheduled, the Portfolio may calculate its NAV as of the earlier closing time or calculate its NAV as of the NYSE Close for that day. The 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, the Portfolio may calculate its NAV as of the NYSE Close for such day or such other time that the 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 the 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 Portfolio will normally use pricing data for domestic equity securities received shortly after the NYSE Close and does not normally take into account trading, clearances or settlements that take place after the NYSE Close. A foreign (non-U.S.) equity security traded on a foreign exchange or on more than one exchange is typically valued using pricing information from the exchange considered by Pacific Investment Management Company LLC ("PIMCO") to be the primary exchange. If market value pricing is used, a foreign (non-U.S.) equity security will be valued as of the close of trading on the foreign exchange, or the NYSE Close, if the NYSE Close occurs before the end of trading on the foreign exchange.

Investments for which market quotations are not readily available are valued at fair value as determined in good faith pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended (the "Act"). As a general principle, the fair value of a security or other asset is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Pursuant to Rule 2a-5, the Board of Trustees has designated PIMCO as the valuation designee ("Valuation Designee") for the 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 the 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. Open-end management investment companies may include affiliated funds.

If a foreign (non-U.S.) equity security's value has materially changed after the close of the security's primary exchange or principal market but before the NYSE Close, the security may be valued at fair value. Foreign (non-U.S.) equity securities that do not trade when the NYSE is open are also valued at fair value. With respect to foreign (non-U.S.) equity securities, the 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. The 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 the Trust is not open for business, which may result in the 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 the 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 the Trust is not open for business. As a result, to the extent that the 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 the 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 the 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 the Portfolio could

------

Notes to Financial Statements (Cont.)

obtain for a security if it were to dispose of that security as of the time of pricing (for instance, in a forced or distressed sale). The prices used by the Portfolio may differ from the value that would be realized if the securities were sold. The Portfolio's use of fair valuation may also help to deter "stale price arbitrage" as discussed under the " Frequent or Excessive Purchases, Exchanges and Redemptions " section in the Portfolio's prospectus.

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

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

• 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.

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 Consolidated Schedule of Investments for the 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 of the Portfolio's assets and liabilities. Additionally, U.S. GAAP requires quantitative information regarding the significant unobservable inputs used in the determination of fair value of assets or liabilities categorized as Level 3 in the fair value hierarchy. In accordance with the requirements of U.S. GAAP, a fair value hierarchy and, if material, a Level 3 reconciliation and details of significant unobservable inputs, have been included in the Notes to Consolidated Schedule of Investments for the 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 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.

------

Notes to Financial Statements (Cont.)

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 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.

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.

**3. FEDERAL INCOME TAX MATTERS**

The 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.

The 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 Portfolio's tax positions for all open tax years. As of September 30, 2025, the Portfolio has recorded no liability for net unrecognized tax benefits relating to uncertain income tax positions it has taken or expects to take in future tax returns.

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

One of the requirements for favorable tax treatment as a regulated investment company under the Code is that the Portfolio derive at least 90% of its gross income from certain qualifying sources of income. The IRS has issued a revenue ruling which holds that income derived from commodity index-linked derivatives, if earned directly by the Portfolio, is not qualifying income under Subchapter M of the Code. As such, the Portfolio's ability to utilize direct investments in commodity-linked swaps as part of its investment strategy is limited to a maximum of 10% of its gross income. However, in a subsequent revenue ruling, the IRS provides that income from alternative investment instruments (such as certain commodity index-linked notes) that create commodity exposure may be considered qualifying income under the Code. The IRS has issued private letter rulings in which the IRS specifically concluded that income derived from an investment in a subsidiary that provides commodity-linked exposure through its investments will constitute qualifying income.

The Portfolio will continue to seek to gain exposure to the commodity markets primarily through investments in the Commodity Subsidiary and perhaps through commodity-linked notes. The Commodity Subsidiary will be treated as a controlled foreign corporation. As a result, the Portfolio with the Commodity Subsidiary will be required to include in gross income for U.S. federal income tax purposes all of the Commodity Subsidiary's "subpart F income," whether or not such income is distributed by the Commodity Subsidiary. It is expected that all of the Commodity Subsidiary's income and realized gains and mark-to-market gains will be "subpart F income." The Portfolio's recognition of the Commodity Subsidiary's "subpart F income" will increase the Portfolio's tax basis in the Commodity Subsidiary. Distributions by the Commodity Subsidiary to the Portfolio will be tax-free, to the extent of its previously undistributed "subpart F income," and will correspondingly reduce the Portfolio's tax basis in the Commodity Subsidiary. "Subpart F income" is generally treated by the Portfolio as ordinary income, regardless of the character of the Commodity Subsidiary's underlying income or gains.

If a net loss is realized by the Commodity Subsidiary, such loss is not generally available to offset the income earned by the Commodity Subsidiary's parent Portfolio, and such loss cannot be carried forward to offset taxable income of the parent Portfolio or the Commodity Subsidiary in future periods.

Under IRS regulations, income derived from a controlled foreign corporation will be considered qualifying income if distributed to the Portfolio or if the Portfolio's income from in the subsidiary is derived with respect to the Portfolio's business of investing in securities. A subsidiary may pay such a distribution at any time. An IRS revenue procedure states that the IRS will not in the future issue private letter rulings that would require a determination of whether an asset (such as a commodity index-linked note) is a "security" under the Act.

There can be no assurance that the IRS will not change its position with respect to some or all of these conclusions or that future legislation will not adversely impact the tax treatment of the Portfolio's commodity-linked investments. If the IRS were to change or reverse its position, or if future legislation adversely affected the tax treatment of the Portfolio's commodity-linked investments, there would likely be a significant adverse impact on the Portfolio, including the possibility of failing to qualify as a regulated investment company. If the Portfolio did not qualify as a regulated investment company for any taxable year, its taxable income would be subject to tax at the Portfolio level at regular corporate tax rates (without reduction for distributions to shareholders) and to a further tax at the shareholder level when such income is distributed. Furthermore, the tax treatment of the Portfolio's investments in its Subsidiary may otherwise be adversely affected by future legislation, court decisions, Treasury Regulations and/or guidance issued by the IRS. Such developments could affect the character, timing and/or amount of the Portfolio's taxable income or any distributions made by the Portfolio or result in the inability of the Portfolio to operate as described in the Portfolio's prospectus.

**4. INVESTMENTS IN AFFILIATES** 

The 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 the Act, rules thereunder or exemptive relief therefrom. The Central Funds are registered investment companies created for use solely by the series of the Trust and other series of registered investment companies advised by the Adviser, in connection with their cash management activities. The main investments of the Central Funds are money market and short maturity

------

Notes to Financial Statements (Cont.)

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 Portfolio. 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 Portfolio's website at www.pimco.com, or upon request, as applicable. The table below shows the Portfolio's transactions in and earnings from investments in the affiliated funds for the period ended March 31, 2026 (amounts in thousands<sup>†</sup>):

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

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **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> |
| $88 | $79921 | $(79800) | $1 | $0 | $210 | $21 | $0 |

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<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 | **NGF** | Nomura Global Financial Products, Inc. |
| **BOM** | Bank of Montreal | **GST** | Goldman Sachs International | **RBC** | Royal Bank of Canada |
| **BOS** | BofA Securities, Inc. | **IND** | Crédit Agricole Corporate and Investment Bank <br> S.A. | **SAL** | Citigroup Global Markets, Inc. |
| **BPS** | BNP Paribas S.A. | **JPM** | JP Morgan Chase Bank N.A. | **SCX** | Standard Chartered Bank, London |
| **BRC** | Barclays Bank PLC | **JPS** | J.P. Morgan Securities LLC | **SOG** | Societe Generale Paris |
| **BSH** | Banco Santander S.A. - New York Branch | **MAC** | Macquarie Bank Limited | **SSB** | State Street Bank and Trust Co. |
| **CBK** | Citibank N.A. | **MBC** | HSBC Bank Plc | **TDM** | TD Securities (USA) LLC |
| **CIB** | Canadian Imperial Bank of Commerce | **MEI** | Merrill Lynch International | **UAG** | UBS AG Stamford |
| **DEU** | Deutsche Bank Securities, Inc. | **MSC** | Morgan Stanley & Co. LLC. |  |  |
| **Currency Abbreviations:** | **Currency Abbreviations:** |  |  |  |  |
| **AUD** | Australian Dollar | **IDR** | Indonesian Rupiah | **PLN** | Polish Zloty |
| **BRL** | Brazilian Real | **ILS** | Israeli Shekel | **SEK** | Swedish Krona |
| **CAD** | Canadian Dollar | **INR** | Indian Rupee | **SGD** | Singapore Dollar |
| **CHF** | Swiss Franc | **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 |
| **EUR** | Euro | **NOK** | Norwegian Krone | **USD (or $)** | United States Dollar |
| **GBP** | British Pound | **NZD** | New Zealand Dollar | **ZAR** | South African Rand |
| **Exchange Abbreviations:** | **Exchange Abbreviations:** |  |  |  |  |
| **CME** | Chicago Mercantile Exchange | **LME** | London Metal Exchange | **OTC** | Over the Counter |
| **ICE** | IntercontinentalExchange® | **NYMEX** | New York Mercantile Exchange |  |  |
| **Index/Spread Abbreviations:** | **Index/Spread Abbreviations:** |  |  |  |  |
| **BACVWSAV** | BofA Merrill Lynch Basket Excess Return Strategy Index | **CMBX** | Commercial Mortgage-Backed Index | **MUTKCALM** | Tokyo Overnight Average Rate |
| **BCOMF1NTC** | Bloomberg Commodity Index 1-Month Forward Total Return Custom Index | **CMDSKEWLS** | CBEO SKEW Index is an index derived from the price of S&P 500 tail risk | **PIMCODB** | PIMCO Custom Commodity Basket |
| **BCOMF1TC** | Bloomberg Commodity Index 1-Month Forward Total Return | **CPALEMU** | Euro Area All Items Non-Seasonally Adjusted Index | **RBCAEC0T** | Custom Commodity Forward Index |
| **BCOMTR** | Bloomberg Commodity Index Total Return | **CPI** | Consumer Price Index | **SNG GA** | Singapore Gasoil (Platts) |
| **BCOMTR1** | Bloomberg Custom Commodity Index | **CPTFEMU** | Eurozone HICP ex-Tobacco Index | **SNG KEROS** | Singapore Jet Kerosene (Platts) |
| **BCOMTR2** | Bloomberg Custom Commodity Index | **CPURNSA** | Consumer Price All Urban Non-Seasonally Adjusted Index | **SOFR** | Secured Overnight Financing Rate |
| **Bobl** | Bundesobligation, the German word for federal government bond | **FRCPXTOB** | France Consumer Price ex-Tobacco Index | **SONIO** | Sterling Overnight Interbank Average Rate |
| **Brent** | Brent Crude | **GOLDLNPM** | London Gold Market Fixing Ltd. PM | **SPGCINP** | S&P GSCI Industrial Metals ER |
| **CDX.IG** | Credit Derivatives Index - Investment Grade | **JMABFNJ2** | J.P. Morgan Custom Commodity Index | **UKRPI** | United Kingdom Retail Prices Index |
| **CIXBSTR3** | Custom Commodity Index | **JMABNIC5** | J.P. Morgan Custom Commodity Index |  |  |
| **Other Abbreviations:** | **Other Abbreviations:** |  |  |  |  |
| **ABS** | Asset-Backed Security | **EURIBOR** | Euro Interbank Offered Rate | **RBOB** | Reformulated Blendstock for Oxygenate Blending |
| **BTP** | Buoni del Tesoro Poliennali "Long-term Treasury Bond" | **OAT** | Obligations Assimilables du Trésor | **REMIC** | Real Estate Mortgage Investment Conduit |
| **CLO** | Collateralized Loan Obligation | **OIS** | Overnight Index Swap | **TBA** | To-Be-Announced |
| **CMBS** | Collateralized Mortgage-Backed Security | **oz.** | Ounce | **WTI** | West Texas Intermediate |
| **DAC** | Designated Activity Company |  |  |  |  |

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<br> Schedule of Investments PIMCO Dynamic Bond Portfolio 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 134.6% ¤** |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 1.0%**  |  |  |
| **Charter Communications Operating LLC**<br>5.911% (TSFR3M + 2.250%) due 12/15/2031 ~ | $182 | $182 |
| **Ineos U.S. Finance LLC**<br>6.918% (TSFR1M + 3.250%) due 02/18/2030 ~ | 99 | 87 |
| **LifePoint Health, Inc.**<br>7.422% (TSFR3M + 3.750%) due 05/19/2031 ~ | 420 | 420 |
| **MI Windows & Doors LLC**<br>6.418% (TSFR1M + 2.750%) due 03/28/2031 ~ | 98 | 91 |
| **Modena Buyer LLC**<br>7.917% (TSFR3M + 4.250%) due 07/01/2031 ~ | 99 | 89 |
| Total Loan Participations and Assignments (Cost $878) |  | 869 |
| **CORPORATE BONDS & NOTES 17.5%**  |  |  |
| **BANKING & FINANCE 9.6%**  |  |  |
| **Ally Financial, Inc.** <br>6.848% due 01/03/2030 •  | 100 | 104 |
| **American Assets Trust LP** <br>3.375% due 02/01/2031 | 200 | 180 |
| **American Honda Finance Corp.** <br>4.390% due 08/13/2027 •  | 200 | 200 |
| **Athene Global Funding** <br>3.024% (EUR003M + 1.000%) due 02/23/2027 ~ | 100 | 116 |
| **Avolon Holdings Funding Ltd.**  |  |  |
| 2.528% due 11/18/2027  | $18 | 17 |
| 4.950% due 01/15/2028  | 100 | 100 |
| 4.950% due 10/15/2032  | 200 | 195 |
| **Banca Monte dei Paschi di Siena SpA** <br>7.708% due 01/18/2028 •  | 100 | 123 |
| **Barclays PLC** <br>7.437% due 11/02/2033 •  | $200 | 224 |
| **BGC Group, Inc.** <br>6.150% due 04/02/2030 | 50 | 51 |
| **Blue Owl Finance LLC** <br>6.250% due 04/18/2034 | 100 | 96 |
| **BNP Paribas SA**  |  |  |
| 1.904% due 09/30/2028 •  | 200 | 192 |
| 3.052% due 01/13/2031 •  | 200 | 188 |
| **BPCE SA** <br>7.003% due 10/19/2034 •  | 250 | 273 |
| **Cantor Fitzgerald LP** <br>7.200% due 12/12/2028 | 200 | 208 |
| **Capital One Financial Corp.** <br>5.399% due 01/30/2037 •  | 100 | 98 |
| **CI Financial Corp.** <br>4.625% due 12/12/2031 | 100 | 116 |
| **Cooperatieve Rabobank UA** <br>5.500% due 10/05/2026 | $300 | 302 |
| **F&G Global Funding** <br>5.875% due 01/16/2030 | 100 | 101 |
| **Fairfax Financial Holdings Ltd.** <br>4.625% due 04/29/2030 | 100 | 100 |
| **Ford Motor Credit Co. LLC** <br>5.800% due 03/05/2027 | 200 | 201 |
| **Goldman Sachs Group, Inc.**  |  |  |
| 3.615% due 03/15/2028 •  | 100 | 99 |
| 3.691% due 06/05/2028 •  | 400 | 397 |
| 4.516% due 01/21/2032 •  | 100 | 99 |
| 4.937% due 04/23/2028 •  | 100 | 101 |
| **GSG Bidco Ltd.** <br>4.700% due 06/15/2031 | 100 | 115 |
| **HSBC Holdings PLC** <br>4.398% due 03/10/2030 •  | $200 | 199 |
| **ING Groep NV** <br>5.550% due 03/19/2035 •  | 200 | 203 |
| **Jane Street Group/JSG Finance, Inc.** <br>6.750% due 05/01/2033 | 100 | 102 |
| **JPMorgan Chase & Co.**  |  |  |
| 2.947% due 02/24/2028 •  | 200 | 198 |
| 5.299% due 07/24/2029 •  | 200 | 204 |
| **JPMorgan Chase Bank NA** <br>5.110% due 12/08/2026 | 250 | 251 |

---

------

<br> Schedule of Investments PIMCO Dynamic Bond Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Lloyds Banking Group PLC** <br>5.462% due 01/05/2028 •  | 200 | 202 |
| **Mitsubishi UFJ Financial Group, Inc.** <br>5.242% due 04/19/2029 •  | 200 | 203 |
| **Morgan Stanley**  |  |  |
| 4.708% due 03/12/2032 •  | 100 | 99 |
| 5.123% due 02/01/2029 •  | 200 | 202 |
| 5.230% due 01/15/2031 •  | 200 | 203 |
| **Nationwide Building Society** <br>4.302% due 03/08/2029 •  | 500 | 497 |
| **NatWest Group PLC** <br>4.892% due 05/18/2029 •  | 200 | 201 |
| **Santander U.K. Group Holdings PLC** <br>4.320% due 09/22/2029 •  | 200 | 198 |
| **Sumitomo Mitsui Financial Group, Inc.** <br>5.454% due 01/15/2032 | 200 | 206 |
| **Takeoff Merger Sub, Inc.** <br>4.850% due 03/24/2031 | 100 | 99 |
| **Thames Ssnm Unfunded Comm** <br>9.750% due 10/10/2027 | 3 | 4 |
| **UBS AG** <br>4.632% due 02/16/2032 •  | $250 | 249 |
| **UBS Group AG** <br>6.327% due 12/22/2027 •  | 250 | 253 |
| **VICI Properties LP** <br>4.950% due 02/15/2030 | 200 | 200 |
| **Wells Fargo & Co.**  |  |  |
| 1.000% due 02/02/2027  | 100 | 114 |
| 3.584% due 05/22/2028 •  | $200 | 198 |
| **Wells Fargo Bank NA** <br>5.254% due 12/11/2026 | 200 | 201 |
|  |  | 8482 |
| **INDUSTRIALS 5.8%**  |  |  |
| **AbbVie, Inc.** <br>4.950% due 03/15/2031 | 200 | 204 |
| **Alaska Airlines Pass-Through Trust** <br>4.800% due 02/15/2029 | 171 | 171 |
| **American Airlines Pass-Through Trust** <br>3.000% due 04/15/2030 | 229 | 222 |
| **Ashtead Capital, Inc.** <br>5.950% due 10/15/2033 | 200 | 206 |
| **Beignet Investor LLC** <br>6.581% due 05/30/2049 | 950 | 977 |
| **Boeing Co.** <br>6.298% due 05/01/2029 | 100 | 105 |
| **Broadcom, Inc.** <br>5.050% due 04/15/2030 | 200 | 204 |
| **Fedex Freight Holding Co., Inc.** <br>4.650% due 03/15/2031 | 150 | 147 |
| **Flora Food Management BV** <br>6.875% due 07/02/2029 | 100 | 109 |
| **Flutter Treasury DAC** <br>6.125% due 06/04/2031 | 100 | 128 |
| **Frontier Communications Holdings LLC** <br>8.750% due 05/15/2030 | $100 | 103 |
| **GSG Bidco Ltd.** <br>5.375% due 06/15/2036 | 100 | 115 |
| **Hilton Domestic Operating Co., Inc.** <br>3.750% due 05/01/2029 | $100 | 96 |
| **Hyundai Capital America** <br>4.900% due 06/23/2028 | 200 | 201 |
| **International Distribution Services PLC** <br>7.375% due 09/14/2030 | 100 | 138 |
| **Intralot Capital Luxembourg SA** <br>6.750% due 10/15/2031 | 100 | 111 |
| **Las Vegas Sands Corp.** <br>5.625% due 06/15/2028 | $100 | 101 |
| **Nissan Motor Co. Ltd.** <br>4.345% due 09/17/2027 | 500 | 487 |
| **Petroleos Mexicanos** <br>5.950% due 01/28/2031 | 100 | 96 |
| **Royal Caribbean Cruises Ltd.** <br>4.750% due 05/15/2033 | 200 | 193 |
| **Thames Water Super Senior Issuer PLC** <br>9.750% due 10/10/2027 | 13 | 19 |
| **United Airlines Pass-Through Trust** <br>5.875% due 04/15/2029 | $33 | 33 |
| **Venture Global Calcasieu Pass LLC** <br>3.875% due 11/01/2033 | 100 | 89 |
| **Viper Energy Partners LLC**  |  |  |
| 4.900% due 08/01/2030  | 50 | 50 |
| 5.700% due 08/01/2035  | 100 | 101 |
| **Virgin Media Secured Finance PLC** <br>5.250% due 05/15/2029 | 100 | 127 |

---

------

<br> Schedule of Investments PIMCO Dynamic Bond Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Vmed O2 U.K. Financing I PLC** <br>7.750% due 04/15/2032 | $200 | 192 |
| **Volkswagen Group of America Finance LLC** <br>5.050% due 03/27/2028 | 200 | 201 |
| **Yorkshire Water Finance PLC** <br>5.250% due 04/28/2030 | 200 | 261 |
|  |  | 5187 |
| **UTILITIES 2.1%**  |  |  |
| **Anglian Water Osprey Financing PLC** <br>6.750% due 08/27/2031 | 100 | 134 |
| **BP Capital Markets BV** <br>3.360% due 09/12/2031 | 200 | 228 |
| **Dominion Energy, Inc.** <br>5.000% due 06/15/2030 | $50 | 51 |
| **DWR Cymru Financing U.K. PLC** <br>2.375% due 03/31/2034 | 200 | 197 |
| **Edison International** <br>6.250% due 03/15/2030 | $100 | 104 |
| **Emera U.S. Finance LLC** <br>4.500% due 04/01/2029 | 50 | 50 |
| **EPH Financing International AS** <br>6.651% due 11/13/2028 | 100 | 122 |
| **Georgia Power Co.** <br>4.700% due 05/15/2032 | $100 | 100 |
| **Pacific Gas & Electric Co.**  |  |  |
| 4.200% due 03/01/2029  | 200 | 198 |
| 6.100% due 01/15/2029  | 50 | 52 |
| 6.150% due 01/15/2033  | 100 | 104 |
| **PacifiCorp** <br>5.450% due 04/15/2033 | 50 | 50 |
| **Southern California Edison Co.** <br>5.150% due 06/01/2029 | 100 | 101 |
| **Southern California Gas Co.** <br>2.950% due 04/15/2027 | 100 | 99 |
| **SW Finance I PLC**  |  |  |
| 2.375% due 05/28/2028  | 100 | 123 |
| 5.750% due 11/19/2030  | 100 | 130 |
|  |  | 1843 |
| Total Corporate Bonds & Notes (Cost $15,474) |  | 15512 |
| **MUNICIPAL BONDS & NOTES 0.1%**  |  |  |
| **WEST VIRGINIA 0.1%**  |  |  |
| **Tobacco Settlement Finance Authority, West Virginia Revenue Bonds, Series 2007** <br>0.000% due 06/01/2047 (d) | $1000 | 93 |
| Total Municipal Bonds & Notes (Cost $144) |  | 93 |
| **U.S. GOVERNMENT AGENCIES 57.2%**  |  |  |
| **Federal Home Loan Mortgage Corp.**  |  |  |
| 5.000% due 02/01/2053 | 314 | 312 |
| 6.000% due 04/01/2055 | 534 | 554 |
| **Federal Home Loan Mortgage Corp. REMICS**  |  |  |
| 2.000% due 01/25/2051 (a) | 875 | 90 |
| 2.363% due 07/15/2047 •(a) | 314 | 36 |
| **Government National Mortgage Association REMICS**  |  |  |
| 3.973% due 03/20/2051 •  | 96 | 88 |
| 4.000% due 11/20/2050 •  | 99 | 91 |
| **Government National Mortgage Association, TBA**  |  |  |
| 5.000% due 05/01/2056 | 4400 | 4349 |
| 6.000% due 05/01/2056 | 3700 | 3758 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 3.000% due 06/01/2040 | 2500 | 2193 |
| 3.500% due 06/01/2056 | 2100 | 1921 |
| 4.000% due 04/01/2056 | 4300 | 4058 |
| 4.500% due 05/01/2056 | 3700 | 3567 |
| 5.000% due 04/01/2056 - 05/01/2056 | 14800 | 14596 |
| 5.500% due 05/01/2056 | 2600 | 2609 |
| 6.000% due 06/01/2056 | 10500 | 10688 |
| 6.500% due 06/01/2056 | 1800 | 1861 |
| Total U.S. Government Agencies (Cost $50,961) |  | 50771 |
| **U.S. TREASURY OBLIGATIONS 10.2%**  |  |  |
| **U.S. Treasury Bonds**  |  |  |
| 4.625% due 02/15/2046 | 100 | 97 |
| **U.S. Treasury Inflation Protected Securities (f)** |  |  |
| 2.375% due 01/15/2027  | 16 | 16 |
| 0.625% due 07/15/2032 | 1791 | 1690 |
| 1.125% due 01/15/2033 | 1856 | 1788 |
| 1.750% due 01/15/2034  | 423 | 422 |
| 1.875% due 07/15/2034  | 1866 | 1876 |

---

------

<br> Schedule of Investments PIMCO Dynamic Bond Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **U.S. Treasury Notes**  |  |  |
| 4.125% due 02/15/2036 | 40 | 39 |
| 4.250% due 11/15/2034 (j) | 3100 | 3100 |
| Total U.S. Treasury Obligations (Cost $8,937) |  | 9028 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 5.6%**  |  |  |
| **American Home Mortgage Assets Trust** <br>4.213% due 06/25/2037 •  | 269 | 264 |
| **Banc of America Funding Trust**  |  |  |
| 4.110% due 02/20/2047 •  | 223 | 214 |
| 4.170% due 07/20/2036 •  | 126 | 126 |
| **Banc of America Mortgage Trust** <br>5.296% due 06/25/2035 ~ | 16 | 15 |
| **BCAP LLC Trust** <br>5.250% due 06/26/2036 | 306 | 105 |
| **Bear Stearns ARM Trust**  |  |  |
| 3.975% due 11/25/2034 ~  | 236 | 211 |
| 6.581% due 01/25/2035 ~  | 2 | 2 |
| **CBA Commercial Small Balance Commercial Mortgage** <br>4.293% due 06/25/2038 •  | 226 | 181 |
| **CHL Mortgage Pass-Through Trust** <br>4.181% due 02/20/2036 ~ | 124 | 116 |
| **Countrywide Alternative Loan Trust**  |  |  |
| 3.970% due 02/20/2047 •  | 114 | 93 |
| 5.500% due 04/25/2035  | 370 | 243 |
| 6.000% due 02/25/2037  | 274 | 102 |
| 6.500% due 11/25/2037  | 371 | 157 |
| **Deutsche Alt-A Securities, Inc. Mortgage Loan Trust** <br>4.453% due 08/25/2037 •  | 225 | 185 |
| **DSLA Mortgage Loan Trust** <br>3.981% due 10/19/2036 •  | 254 | 236 |
| **First Horizon Alternative Mortgage Securities Trust**  |  |  |
| 4.138% due 01/25/2036 ~  | 91 | 44 |
| 4.965% due 06/25/2036 ~  | 57 | 45 |
| 5.603% due 06/25/2034 ~  | 33 | 33 |
| **First Horizon Mortgage Pass-Through Trust** <br>4.529% due 11/25/2037 ~ | 350 | 134 |
| **GSMPS Mortgage Loan Trust** <br>8.000% due 01/25/2035 | 177 | 182 |
| **HarborView Mortgage Loan Trust** <br>4.611% due 11/19/2034 •  | 11 | 10 |
| **IndyMac INDX Mortgage Loan Trust**  |  |  |
| 3.369% due 08/25/2037 ~  | 161 | 115 |
| 4.757% due 10/25/2034 ~  | 10 | 9 |
| **Lehman XS Trust** <br>4.243% due 08/25/2046 •  | 168 | 177 |
| **Mortgage Equity Conversion Asset Trust** <br>4.260% due 05/25/2042 •  | 89 | 82 |
| **New Residential Mortgage Loan Trust** <br>4.500% due 05/25/2058 ~ | 121 | 118 |
| **Project Cashmere** <br>4.543% due 12/30/2057 «(b) | 1400 | 966 |
| **RALI Trust** <br>6.160% due 09/25/2037 ~ | $510 | 337 |
| **Thornburg Mortgage Securities Trust**  |  |  |
| 5.043% due 06/25/2037 •  | 11 | 10 |
| 5.786% due 06/25/2037 •  | 102 | 88 |
| **Towd Point Mortgage Trust** <br>2.900% due 10/25/2059 ~ | 250 | 241 |
| **WaMu Mortgage Pass-Through Certificates Trust** <br>4.253% due 04/25/2045 •  | 13 | 13 |
| **Washington Mutual Mortgage Pass-Through Certificates Trust** <br>5.243% due 09/25/2035 •  | 161 | 140 |
| Total Non-Agency Mortgage-Backed Securities (Cost $5,785) |  | 4994 |
| **ASSET-BACKED SECURITIES 10.6%**  |  |  |
| **CMBS OTHER 0.1%**  |  |  |
| **Arbor Realty Commercial Real Estate Notes Ltd.** <br>5.137% due 11/15/2036 •  | 76 | 76 |
| **MF1 Ltd.** <br>4.874% due 10/16/2036 •  | 43 | 43 |
|  |  | 119 |
| **HOME EQUITY OTHER 4.0%**  |  |  |
| **Countrywide Asset-Backed Certificates Trust**  |  |  |
| 4.053% due 12/25/2036 •  | 178 | 167 |
| 4.073% due 06/25/2047 •  | 265 | 244 |
| 4.213% due 05/25/2047 •  | 854 | 826 |
| 4.354% due 07/25/2036 þ  | 194 | 185 |
| **GSAA Home Equity Trust** <br>5.985% due 06/25/2036 ~ | 843 | 182 |

---

------

<br> Schedule of Investments PIMCO Dynamic Bond Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **GSAMP Trust** <br>4.193% due 11/25/2036 •  | 648 | 299 |
| **HSI Asset Securitization Corp. Trust**  |  |  |
| 4.013% due 12/25/2036 •  | 1650 | 395 |
| 4.233% due 12/25/2036 •  | 464 | 105 |
| **Morgan Stanley ABS Capital I, Inc. Trust**  |  |  |
| 3.933% due 11/25/2036 •  | 126 | 60 |
| 3.943% due 10/25/2036 •  | 311 | 162 |
| 4.043% due 07/25/2036 •  | 195 | 177 |
| 4.093% due 07/25/2036 •  | 569 | 205 |
| **Morgan Stanley Capital I, Inc. Trust**  |  |  |
| 4.153% due 03/25/2036 •  | 9 | 8 |
| 4.373% due 01/25/2036 •  | 76 | 75 |
| **Nomura Home Equity Loan, Inc. Home Equity Loan Trust** <br>4.593% due 02/25/2037 •  | 1694 | 449 |
| **Securitized Asset-Backed Receivables LLC Trust** <br>4.558% due 02/25/2034 •  | 45 | 44 |
|  |  | 3583 |
| **WHOLE LOAN COLLATERAL 0.3%**  |  |  |
| **Securitized Asset-Backed Receivables LLC Trust** <br>4.453% due 08/25/2035 •  | 279 | 216 |
| **OTHER ABS 6.2%**  |  |  |
| **ARES XLIV CLO Ltd.** <br>4.802% due 04/15/2034 •  | 500 | 501 |
| **Belle Haven ABS CDO Ltd.** <br>7.110% due 11/03/2044 •  | 475 | 119 |
| **KKR CLO 36 Ltd.** <br>4.822% due 10/15/2034 •  | 500 | 501 |
| **Marble Point CLO XXII Ltd.** <br>4.888% due 07/25/2034 •  | 500 | 500 |
| **Northwoods Capital 25 Ltd.** <br>4.788% due 07/20/2034 •  | 500 | 500 |
| **Palmer Square European Loan Funding DAC** <br>3.047% due 07/15/2035 •  | 500 | 578 |
| **Romark CLO - IV Ltd.** <br>4.790% due 07/10/2034 •  | $500 | 501 |
| **Sierra Madre Funding Ltd.**  |  |  |
| 4.164% due 09/07/2039 •  | 205 | 110 |
| 4.184% due 09/07/2039 •  | 1105 | 591 |
| **Symphony CLO XXXII Ltd.** <br>4.821% due 10/23/2035 | 500 | 500 |
| **Toro European CLO 3 DAC** <br>3.006% due 07/15/2034 •  | 500 | 578 |
| **Triaxx Prime CDO Ltd.** <br>4.590% due 10/02/2039 •  | $56 | 0 |
| **Wind River CLO Ltd.** <br>4.778% due 07/20/2034 •  | 500 | 500 |
|  |  | 5479 |
| Total Asset-Backed Securities (Cost $11,932) |  | 9397 |
| **SOVEREIGN ISSUES 19.9%**  |  |  |
| **Bonos de la Tesoreria de la Republica en pesos**  |  |  |
| 4.700% due 09/01/2030  | 20000 | 21 |
| 5.000% due 03/01/2035  | 10000 | 10 |
| 5.800% due 10/01/2029  | 45000 | 49 |
| 6.000% due 04/01/2033  | 15000 | 17 |
| **Brazil Letras do Tesouro Nacional**  |  |  |
| 0.000% due 07/01/2026 (d)  | 3100 | 580 |
| 0.000% due 10/01/2026 (d)  | 16200 | 2930 |
| **Colombia Government International Bonds** <br>1.000% due 01/24/2035 | 2484700 | 615 |
| **Colombia TES**  |  |  |
| 1.000% due 09/18/2030  | 2216300 | 485 |
| 2.250% due 04/18/2029 (f)  | 101318 | 24 |
| 6.500% due 01/22/2031 (f)  | 3335379 | 871 |
| 11.000% due 08/22/2029  | 1616300 | 408 |
| 11.750% due 01/24/2035  | 2664900 | 661 |
| 12.750% due 11/28/2040  | 668400 | 177 |
| 13.250% due 02/09/2033  | 554000 | 149 |
| **Dominican Republic International Bonds** <br>10.750% due 06/01/2036 | 11900 | 207 |
| **Egypt Government Bonds**  |  |  |
| 19.698% due 10/14/2030  | 13200 | 238 |
| 21.954% due 03/04/2028  | 6700 | 120 |
| **Israel Government International Bonds** <br>5.375% due 03/12/2029 | $400 | 406 |
| **Japan Government Forty Year Bonds** <br>2.200% due 03/20/2064 | 49000 | 214 |
| **Japan Government Thirty Year Bonds** <br>2.300% due 12/20/2054 | 60000 | 287 |

---

------

<br> Schedule of Investments PIMCO Dynamic Bond Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Japan Government Twenty Year Bonds** <br>2.000% due 12/20/2044 | 100000 | 523 |
| **Mexico Government International Bonds** <br>6.350% due 02/09/2035 | $200 | 205 |
| **Peru Government Bonds**  |  |  |
| 6.850% due 08/12/2035  | 100 | 29 |
| 7.300% due 08/12/2033  | 2740 | 863 |
| **Peru Government International Bonds**  |  |  |
| 5.400% due 08/12/2034  | 1400 | 382 |
| 6.150% due 08/12/2032  | 4600 | 1382 |
| 6.900% due 08/12/2037  | 1400 | 400 |
| 6.950% due 08/12/2031  | 4721 | 1472 |
| **Republic of South Africa Government Bonds**  |  |  |
| 7.000% due 02/28/2031  | 21800 | 1207 |
| 8.000% due 01/31/2030  | 11500 | 672 |
| 8.250% due 03/31/2032  | 3500 | 202 |
| 8.500% due 01/31/2037  | 9100 | 503 |
| 8.875% due 02/28/2035  | 7400 | 430 |
| 9.000% due 01/31/2040  | 8200 | 456 |
| **Republic of South Africa Government International Bonds** <br>4.850% due 09/30/2029 | $200 | 196 |
| **Romania Government International Bonds** <br>1.750% due 07/13/2030 | 100 | 102 |
| **Turkiye Government International Bonds** <br>7.625% due 05/15/2034 | $200 | 204 |
| Total Sovereign Issues (Cost $17,027) |  | 17697 |
|  | SHARES |  |
| **PREFERRED SECURITIES 0.0%**  |  |  |
| **BANKING & FINANCE 0.0%**  |  |  |
| **Nationwide Building Society**<br>10.250% ~ | 250 | 42 |
| Total Preferred Securities (Cost $53) |  | 42 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **SHORT-TERM INSTRUMENTS 12.5%**  |  |  |
| **COMMERCIAL PAPER 3.2%**  |  |  |
| **Alimentation Couche-Tard, Inc.** <br>4.100% due 04/21/2026 | $250 | 249 |
| **Crown Castle, Inc.** <br>4.300% due 04/21/2026 | 250 | 249 |
| **Elevance Health, Inc.** <br>4.050% due 04/13/2026 | 150 | 150 |
| **Enbridge U.S., Inc.** <br>3.910% due 04/13/2026 | 250 | 250 |
| **Extra Space Storage LP** <br>4.180% due 04/22/2026 | 250 | 249 |
| **Glencore Funding LLC** <br>4.130% due 04/30/2026 | 250 | 249 |
| **Global Payments, Inc.** <br>4.200% due 04/01/2026 | 250 | 250 |
| **HCA, Inc.** <br>4.200% due 05/11/2026 | 250 | 249 |
| **Jabil, Inc.** <br>4.150% due 05/13/2026 | 250 | 249 |
| **NextEra Energy Capital Holdings, Inc.** <br>4.020% due 04/20/2026 | 250 | 249 |
| **Phillips 66** <br>4.050% due 04/08/2026 | 250 | 250 |
| **S&P Global, Inc.** <br>4.000% due 04/06/2026 | 250 | 250 |
|  |  | 2893 |
| **REPURCHASE AGREEMENTS (g) 6.9%** |  | 6100 |
| **SHORT-TERM NOTES 0.1%**  |  |  |
| **Federal Home Loan Bank Discount Notes**<br>3.701% due 04/01/2026 (d)(e) | 100 | 100 |
| **EGYPT TREASURY BILLS 0.0%**  |  |  |
| 24.060% due 10/20/2026 (d)(e) | 200 | 3 |

---

------

<br> Schedule of Investments PIMCO Dynamic Bond Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **NIGERIA TREASURY BILLS 0.5%**  |  |  |
| 28.167% due 06/11/2026 - 01/28/2027 (c)(d) | 727168 | 489 |
| **TURKEY TREASURY BILLS 0.0%**  |  |  |
| 38.754% due 04/07/2026 (d)(e) | 1000 | 22 |
| **U.S. TREASURY BILLS 1.8%**  |  |  |
| 3.651% due 04/02/2026 (d)(e) | $1600 | 1600 |
| Total Short-Term Instruments (Cost $11,172) |  | 11207 |
| Total Investments in Securities (Cost $122,363) |  | 119610 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 20.7%**  |  |  |
| **SHORT-TERM INSTRUMENTS 20.7%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 20.7%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 1884196 | 18350 |
| Total Short-Term Instruments (Cost $18,335) |  | 18350 |
| Total Investments in Affiliates (Cost $18,335) |  | 18350 |
| Total Investments 155.3% (Cost $140,698) |  | $137960 |
| **Financial Derivative Instruments (h)(i) 0.7**%(Cost or Premiums, net $1,381) |  | 615 |
| Other Assets and Liabilities, net (56.0)% |  | (49751) |
| Net Assets 100.0% |  | $88824 |

---

------

<br> Schedule of Investments PIMCO Dynamic Bond Portfolio (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)** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** |
| **(b)** | **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.** |
| **(c)** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** |
| **(d)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(e)** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** |
| **(f)** | **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.** |
| **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** |
| **(g)** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** |
| Counterparty | Maturity<br>Date | Principal<br>Amount | Principal<br>Amount | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | Collateral<br>(Received) | Collateral<br>(Received) | Collateral<br>(Received) | Repurchase<br>Agreements,<br>at Value | Repurchase<br>Agreement<br>Proceeds<br>to be<br>Received<sup>(1)</sup> |
| DEU | 04/02/2026 | 6100 | 6100 | &nbsp;&nbsp; U.S. Treasury Inflation-Indexed Notes 0.125% due 10/15/2026 | &nbsp;&nbsp; U.S. Treasury Inflation-Indexed Notes 0.125% due 10/15/2026 | &nbsp;&nbsp; U.S. Treasury Inflation-Indexed Notes 0.125% due 10/15/2026 | &nbsp;&nbsp; U.S. Treasury Inflation-Indexed Notes 0.125% due 10/15/2026 | &nbsp;&nbsp; U.S. Treasury Inflation-Indexed Notes 0.125% due 10/15/2026 | $(6222) | (6222) | (6222) | 6100 | $6101 |
| **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** |  |  |  |  |  | $**(6222)** | **(6222)** | **(6222)** | **6100** | $**6101** |
| **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 (2.2)% | U.S. Government Agencies (2.2)% | U.S. Government Agencies (2.2)% | U.S. Government Agencies (2.2)% | U.S. Government Agencies (2.2)% | U.S. Government Agencies (2.2)% | U.S. Government Agencies (2.2)% | U.S. Government Agencies (2.2)% | U.S. Government Agencies (2.2)% | U.S. Government Agencies (2.2)% | U.S. Government Agencies (2.2)% | U.S. Government Agencies (2.2)% | U.S. Government Agencies (2.2)% | U.S. Government Agencies (2.2)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | 04/01/2056 | 04/01/2056 | 200 | 200 | $ | (189) | $(187) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 05/01/2056 | 05/01/2056 | 2200 | 2200 |  | (1762) | (1772) |
| **Total Short Sales (2.2)%** | **Total Short Sales (2.2)%** | **Total Short Sales (2.2)%** | **Total Short Sales (2.2)%** | **Total Short Sales (2.2)%** | **Total Short Sales (2.2)%** | **Total Short Sales (2.2)%** |  |  |  |  | **$** | **(1951)** | $**(1959)** |
| <sup>(1)</sup> | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. |
| **(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** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** |
| Description | Description | Description | Description | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Expiration<br>Date | # of<br>Contracts | Notional Amount | Premiums<br>(Received) | Premiums<br>(Received) | Premiums<br>(Received) | Market<br>Value |
| Put - CBOE U.S. Treasury 10-Year Note May Futures  | Put - CBOE U.S. Treasury 10-Year Note May Futures  | Put - CBOE U.S. Treasury 10-Year Note May Futures  | Put - CBOE U.S. Treasury 10-Year Note May Futures  | $110.000 | 110.000 | 04/24/2026 | 04/24/2026 | 2 | 2 | (1) | (1) | (1) | (1) |
| Call - CBOE U.S. Treasury 10-Year Note May Futures  | Call - CBOE U.S. Treasury 10-Year Note May Futures  | Call - CBOE U.S. Treasury 10-Year Note May Futures  | Call - CBOE U.S. Treasury 10-Year Note May Futures  | 113.000 | 113.000 | 04/24/2026 | 04/24/2026 | 2 | 2 | 0 | 0 | 0 | 0 |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **$** | $**(1)** | **(1)** | **(1)** | **(1)** |
| **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 | # 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) |  | Asset | Asset | Liability |
| 3-Month EURIBOR December Futures  | 3-Month EURIBOR December Futures  | 12/2026 | 31 | 31 | $8705 | 8705 | 8705 | $(28) | (28) | $ | 0 | 0 | 0 |
| 3-Month SOFR Active Contract June Futures  | 3-Month SOFR Active Contract June Futures  | 09/2026 | 10 | 10 | 2408 | 2408 | 2408 | (10) | (10) |  | 0 | 0 | 0 |
| 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 06/2026 | 10 | 10 | 2408 | 2408 | 2408 | (10) | (10) |  | 0 | 0 | 0 |
| 3-Month SONIA March Futures  | 3-Month SONIA March Futures  | 06/2027 | 8 | 8 | 2532 | 2532 | 2532 | 4 | 4 |  | 3 | 3 | 0 |
| Canada Government 10-Year Bond June Futures  | Canada Government 10-Year Bond June Futures  | 06/2026 | 8 | 8 | 690 | 690 | 690 | (14) | (14) |  | 3 | 3 | 0 |

---

------

<br> Schedule of Investments PIMCO Dynamic Bond Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Long Guilt June Futures  | Long Guilt June Futures  | Long Guilt June Futures  | Long Guilt June Futures  | Long Guilt June Futures  | Long Guilt June Futures  | Long Guilt June Futures  | Long Guilt June Futures  | 06/2026 | 06/2026 | 06/2026 | 06/2026 | 6 |  | 697 | 697 | (40) | (40) | (40) | (40) | 5 | 5 | 5 | 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  | 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 | 06/2026 | 06/2026 | 146 |  | 30287 | 30287 | (225) | (225) | (225) | (225) | 12 | 12 | 12 | 0 |
| 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  | U.S. Treasury 5-Year Note June Futures  | 06/2026 | 06/2026 | 06/2026 | 06/2026 | 236 |  | 25530 | 25530 | (374) | (374) | (374) | (374) | 33 | 33 | 33 | 0 |
| 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  | U.S. Treasury 10-Year Note June Futures  | 06/2026 | 06/2026 | 06/2026 | 06/2026 | 35 |  | 3887 | 3887 | (41) | (41) | (41) | (41) | 8 | 8 | 8 | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (738) | (738) | (738) | $ | 64 | 64 | $ | 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** | **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 | 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) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| Euro-Bobl June Futures  | Euro-Bobl June Futures  | Euro-Bobl June Futures  | Euro-Bobl June Futures  | Euro-Bobl June Futures  | Euro-Bobl June Futures  | Euro-Bobl June Futures  | Euro-Bobl June Futures  | 06/2026 | 06/2026 | 06/2026 | 06/2026 | 5 | $ | (667) | (667) | $10 | 10 | 10 | 10 | 0 | 0 | 0 | (3) |
| Euro-Bund June Futures  | Euro-Bund June Futures  | Euro-Bund June Futures  | Euro-Bund June Futures  | Euro-Bund June Futures  | Euro-Bund June Futures  | Euro-Bund June Futures  | Euro-Bund June Futures  | 06/2026 | 06/2026 | 06/2026 | 06/2026 | 7 |  | (1015) | (1015) | 26 | 26 | 26 | 26 | 0 | 0 | 0 | (7) |
| Euro-Schatz June Futures  | Euro-Schatz June Futures  | Euro-Schatz June Futures  | Euro-Schatz June Futures  | Euro-Schatz June Futures  | Euro-Schatz June Futures  | Euro-Schatz June Futures  | Euro-Schatz June Futures  | 06/2026 | 06/2026 | 06/2026 | 06/2026 | 6 |  | (733) | (733) | 7 | 7 | 7 | 7 | 0 | 0 | 0 | (1) |
| 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  | 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 | 06/2026 | 06/2026 | 4 |  | (3284) | (3284) | 40 | 40 | 40 | 40 | 1 | 1 | 1 | (7) |
| 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 | 06/2026 | 163 |  | (18503) | (18503) | 423 | 423 | 423 | 423 | 0 | 0 | 0 | (48) |
| 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  | U.S. Treasury Long-Term Bond June Futures  | 06/2026 | 06/2026 | 06/2026 | 06/2026 | 5 |  | (569) | (569) | 18 | 18 | 18 | 18 | 0 | 0 | 0 | (2) |
| 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  | U.S. Treasury Ultra Long-Term Bond June Futures  | 06/2026 | 06/2026 | 06/2026 | 06/2026 | 18 |  | (2098) | (2098) | 70 | 70 | 70 | 70 | 0 | 0 | 0 | (4) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 594 | 594 | 594 | $ | 1 | 1 | $ | (72) |
| **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** | **Total Futures Contracts** | **Total Futures Contracts** | **(144)** | **(144)** | **(144)** | **$** | **65** | **65** | **$** | **(72)** |
| **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:** | **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> | **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><sup>(7)</sup> | <u>Variation Margin</u><sup>(7)</sup> | <u>Variation Margin</u><sup>(7)</sup> | <u>Variation Margin</u><sup>(7)</sup> |
| 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>(3)</sup> | Implied<br>Credit Spread at<br>March 31, 2026<sup>(3)</sup> | Implied<br>Credit Spread at<br>March 31, 2026<sup>(3)</sup> | Implied<br>Credit Spread at<br>March 31, 2026<sup>(3)</sup> | Implied<br>Credit Spread at<br>March 31, 2026<sup>(3)</sup> |  | Notional<br>Amount<sup>(4)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) |  | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Asset | Asset | Liability |
| AT&T, Inc.  | AT&T, Inc.  | 1.000% | Quarterly | 06/20/2026 | 06/20/2026 | 0.234 | 0.234 | 0.234 | % | % | $ | $100 | 100 | 2 | $ | (2) | $ | 0 | 0 | 0 | 0 | 0 | 0 |
| General Electric Co.  | General Electric Co.  | 1.000 | Quarterly | 06/20/2026 | 06/20/2026 | 0.051 | 0.051 | 0.051 |  |  |  | 400 | 400 | 4 |  | (3) |  | 1 | 1 | 1 | 0 | 0 | 0 |
| Goldman Sachs Group, Inc.  | Goldman Sachs Group, Inc.  | 1.000 | Quarterly | 06/20/2026 | 06/20/2026 | 0.312 | 0.312 | 0.312 |  |  |  | 50 | 50 | 0 |  | 0 |  | 0 | 0 | 0 | 0 | 0 | 0 |
| Lloyds Banking Group PLC  | Lloyds Banking Group PLC  | 1.000 | Quarterly | 12/20/2030 | 12/20/2030 | 1.300 | 1.300 | 1.300 |  |  | EUR | 100 | 100 | 0 |  | (1) |  | (1) | (1) | (1) | 0 | 0 | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | 6 | $ | (6) | $ | 0 | 0 | 0 | 0 | 0 | 0 |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u><sup>(7)</sup> | <u>Variation Margin</u><sup>(7)</sup> | <u>Variation Margin</u><sup>(7)</sup> | <u>Variation Margin</u><sup>(7)</sup> |
| Index/Tranches | Index/Tranches | Fixed <br>(Pay) Rate | Fixed <br>(Pay) Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date |  |  |  | Notional<br>Amount<sup>(4)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) |  | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Asset | Asset | Liability |
| CDX.HY-41 5-Year Index  | CDX.HY-41 5-Year Index  | (5.000)% | (5.000)% | Quarterly | Quarterly | 12/20/2028 | 12/20/2028 | 12/20/2028 | $ | $ | $ | 1059 | 1059 | (63) | $ | 7 | $ | (56) | (56) | (56) | 0 | 0 | (7) |
| **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** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u><sup>(7)</sup> | <u>Variation Margin</u><sup>(7)</sup> | <u>Variation Margin</u><sup>(7)</sup> | <u>Variation Margin</u><sup>(7)</sup> |
| 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 | Maturity<br>Date | Maturity<br>Date |  |  | Notional<br>Amount | 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 | Market<br>Value | Asset | Asset | Liability |
| Pay | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.500% | Annual | Annual | 03/18/2031 | 03/18/2031 | 03/18/2031 | GBP | GBP | 4000 | 4000 | $(17) | (17) | (154) | (154) | $(171) | (171) | (171) | $13 | 13 | $0 |
| Receive | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 4.000 | Annual | Annual | 03/18/2036 | 03/18/2036 | 03/18/2036 |  |  | 100 | 100 | 1 | 1 | 4 | 4 | 5 | 5 | 5 | 0 | 0 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | Annual | Annual | 03/18/2028 | 03/18/2028 | 03/18/2028 | JPY | JPY | 1460000 | 1460000 | 44 | 44 | 18 | 18 | 62 | 62 | 62 | 0 | 0 | (5) |
| Receive<sup>(6)</sup> | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1.500 | Annual | Annual | 09/16/2028 | 09/16/2028 | 09/16/2028 |  |  | 788000 | 788000 | 11 | 11 | (3) | (3) | 8 | 8 | 8 | 0 | 0 | (4) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 2.250 | Semi-Annual | Semi-Annual | 06/20/2028 | 06/20/2028 | 06/20/2028 | $ | $ | 4790 | 4790 | 166 | 166 | (23) | (23) | 143 | 143 | 143 | 0 | 0 | (2) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | Annual | 12/18/2029 | 12/18/2029 | 12/18/2029 |  |  | 910 | 910 | 2 | 2 | (7) | (7) | (5) | (5) | (5) | 0 | 0 | (1) |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.337 | Annual | Annual | 08/31/2030 | 08/31/2030 | 08/31/2030 |  |  | 100 | 100 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.369 | Annual | Annual | 08/31/2030 | 08/31/2030 | 08/31/2030 |  |  | 100 | 100 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.545 | Annual | Annual | 10/31/2030 | 10/31/2030 | 10/31/2030 |  |  | 200 | 200 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.582 | Annual | Annual | 10/31/2030 | 10/31/2030 | 10/31/2030 |  |  | 2400 | 2400 | 0 | 0 | 5 | 5 | 5 | 5 | 5 | 0 | 0 | (3) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.589 | Annual | Annual | 10/31/2030 | 10/31/2030 | 10/31/2030 |  |  | 5000 | 5000 | 0 | 0 | 8 | 8 | 8 | 8 | 8 | 0 | 0 | (5) |

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<br> Schedule of Investments PIMCO Dynamic Bond Portfolio (Cont.) March 31, 2026 (Unaudited)

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| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.595 | Annual | 10/31/2030 |  | 1600 | 0 | 2 | 2 | 0 | (2) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.601 | Annual | 10/31/2030 |  | 1400 | 0 | 1 | 1 | 0 | (2) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.623 | Annual | 10/31/2030 |  | 400 | 0 | 0 | 0 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.664 | Annual | 10/31/2030 |  | 300 | 0 | (1) | (1) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.677 | Annual | 10/31/2030 |  | 200 | 0 | (1) | (1) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.689 | Annual | 10/31/2030 |  | 1100 | 0 | (3) | (3) | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.691 | Annual | 10/31/2030 |  | 500 | 0 | (2) | (2) | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.722 | Annual | 10/31/2030 |  | 1100 | 0 | (5) | (5) | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.735 | Annual | 10/31/2030 |  | 700 | 0 | (4) | (4) | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.739 | Annual | 10/31/2030 |  | 300 | 0 | (2) | (2) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2031 |  | 1400 | (2) | (4) | (6) | 0 | (2) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 05/15/2032 |  | 3700 | (1) | (10) | (11) | 0 | (4) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.890 | Annual | 03/03/2035 |  | 50 | 0 | 0 | 0 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.908 | Annual | 03/04/2035 |  | 100 | 0 | (1) | (1) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.874 | Annual | 03/05/2035 |  | 100 | 0 | 0 | 0 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.899 | Annual | 03/11/2035 |  | 100 | 0 | (1) | (1) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.905 | Annual | 03/12/2035 |  | 100 | 0 | (1) | (1) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.975 | Annual | 03/21/2035 |  | 100 | 0 | (1) | (1) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.930 | Annual | 03/24/2035 |  | 50 | 0 | 0 | 0 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.551 | Annual | 09/17/2035 |  | 100 | 0 | 3 | 3 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.679 | Annual | 02/15/2036 |  | 40 | 0 | 1 | 1 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.748 | Annual | 03/03/2036 |  | 100 | 0 | 1 | 1 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.775 | Annual | 03/03/2036 |  | 200 | 0 | 1 | 1 | 0 | 0 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.800 | Annual | 07/14/2044 |  | 100 | 0 | 5 | 5 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2045 |  | 300 | 10 | 7 | 17 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.076 | Annual | 02/15/2046 |  | 100 | 0 | 1 | 1 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.750 | Annual | 12/21/2052 |  | 700 | 146 | 132 | 278 | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.999 | Annual | 07/03/2053 |  | 60 | 3 | 19 | 22 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.842 | Annual | 09/19/2053 |  | 200 | 66 | 12 | 78 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.874 | Annual | 09/19/2053 |  | 300 | 97 | 19 | 116 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.060 | Semi-Annual | 10/27/2053 |  | 100 | 6 | 33 | 39 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/18/2055 |  | 1400 | 198 | 25 | 223 | 5 | 0 |
| Pay | 1-Year BRL-CDI | 10.768 | Maturity | 01/04/2027 | BRL | 9800 | 0 | (110) | (110) | 3 | 0 |
| Pay | 1-Year BRL-CDI | 13.268 | Maturity | 01/02/2029 |  | 5200 | 0 | (10) | (10) | 6 | 0 |
| Pay | 1-Year BRL-CDI | 13.354 | Maturity | 01/02/2029 |  | 32400 | 7 | (93) | (86) | 38 | 0 |
| Receive | 3-Month COP-IBR Compounded-OIS | 8.500 | Quarterly | 04/28/2028 | COP | 2739300 | 0 | 51 | 51 | 0 | (1) |
| Receive | 3-Month COP-IBR Compounded-OIS | 8.750 | Quarterly | 09/18/2030 |  | 1728700 | 0 | 46 | 46 | 0 | (1) |
| Pay | 3-Month COP-IBR Compounded-OIS | 9.650 | Quarterly | 12/17/2030 |  | 10000 | 0 | 0 | 0 | 0 | 0 |
| Pay | 3-Month COP-IBR Compounded-OIS | 9.725 | Quarterly | 12/17/2030 |  | 4900 | 0 | 0 | 0 | 0 | 0 |
| Pay | 3-Month COP-IBR Compounded-OIS | 9.788 | Quarterly | 12/17/2030 |  | 9800 | 0 | 0 | 0 | 0 | 0 |
| Pay | 3-Month COP-IBR Compounded-OIS | 9.655 | Quarterly | 01/24/2035 |  | 90000 | 0 | (2) | (2) | 0 | 0 |
| Pay | 3-Month COP-IBR Compounded-OIS | 9.820 | Quarterly | 01/24/2035 |  | 412500 | 0 | (8) | (8) | 1 | 0 |
| Receive<sup>(6)</sup> | 3-Month PLN-WIBOR | 4.723 | Annual | 12/01/2035 | PLN | 410 | 0 | 2 | 2 | 0 | 0 |
| Receive<sup>(6)</sup> | 3-Month PLN-WIBOR | 4.685 | Annual | 12/02/2035 |  | 100 | 0 | 0 | 0 | 0 | 0 |
| Pay | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | 09/18/2034 | AUD | 6300 | 46 | (201) | (155) | 52 | 0 |

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<br> Schedule of Investments PIMCO Dynamic Bond Portfolio (Cont.) March 31, 2026 (Unaudited)

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| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Pay | Pay | 6-Month AUD-BBR-BBSW | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | Semi-Annual | 06/18/2035 | 5850 |  | 90 |  | (242) |  | (152) |  | 51 | 51 |  | 0 |
| Pay<sup>(6)</sup> | Pay<sup>(6)</sup> | 6-Month CZK-PRIBOR | 6-Month CZK-PRIBOR | 4.523 | Annual | Annual | 12/01/2035 | 2360 |  | 0 |  | (1) |  | (1) |  | 0 | 0 |  | 0 |
| Pay<sup>(6)</sup> | Pay<sup>(6)</sup> | 6-Month CZK-PRIBOR | 6-Month CZK-PRIBOR | 4.485 | Annual | Annual | 12/02/2035 | 500 |  | 0 |  | 0 |  | 0 |  | 0 | 0 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 0.700 | Annual | Annual | 04/11/2027 | 100 |  | (1) |  | (2) |  | (3) |  | 0 | 0 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 0.650 | Annual | Annual | 04/12/2027 | 200 |  | (1) |  | (5) |  | (6) |  | 0 | 0 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 0.650 | Annual | Annual | 05/11/2027 | 200 |  | (2) |  | (4) |  | (6) |  | 0 | 0 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 1.000 | Annual | Annual | 05/18/2027 | 100 |  | 0 |  | (2) |  | (2) |  | 0 | 0 |  | 0 |
| Pay<sup>(6)</sup> | Pay<sup>(6)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.500 | Annual | Annual | 09/16/2031 | 500 |  | 0 |  | (12) |  | (12) |  | 3 | 3 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.415 | Annual | Annual | 07/09/2035 | 1700 |  | 0 |  | (58) |  | (58) |  | 15 | 15 |  | 0 |
| Pay<sup>(6)</sup> | Pay<sup>(6)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.750 | Annual | Annual | 09/16/2036 | 1220 |  | (24) |  | (20) |  | (44) |  | 11 | 11 |  | 0 |
| Receive<sup>(6)</sup> | Receive<sup>(6)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 3.000 | Annual | Annual | 09/16/2056 | 800 |  | 1 |  | 19 |  | 20 |  | 0 | 0 |  | (9) |
| Receive | Receive | CAONREPO | CAONREPO | 3.500 | Semi-Annual | Semi-Annual | 06/01/2032 | 1000 |  | (14) |  | (10) |  | (24) |  | 0 | 0 |  | (2) |
| Pay | Pay | CDX.IG-46 5-Year Index | CDX.IG-46 5-Year Index | 1.000 | Quarterly | Quarterly | 06/20/2031 | 9900 |  | 174 |  | 0 |  | 174 |  | 21 | 21 |  | 0 |
|  |  |  |  |  |  |  |  | $ | $1006 | 1006 | $(585) | (585) | $421 | 421 | $224 | 224 | 224 | $(47) | (47) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | $**949** | **949** | $**(584)** | **(584)** | $**365** | **365** | $**224** | **224** | **224** | $**(54)** | **(54)** |
| **Cash of $2,320 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $2,320 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $2,320 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $2,320 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $2,320 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $2,320 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $2,320 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $2,320 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $2,320 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $2,320 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $2,320 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $2,320 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $2,320 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $2,320 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $2,320 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $2,320 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $2,320 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $2,320 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $2,320 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $2,320 has 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> | 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. | 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> | 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>(4)</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>(5)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(6)</sup> | 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>(7)</sup> | Unsettled variation margin asset of $8 for closed futures is outstanding at period end. | Unsettled variation margin asset of $8 for closed futures is outstanding at period end. | Unsettled variation margin asset of $8 for closed futures is outstanding at period end. | Unsettled variation margin asset of $8 for closed futures is outstanding at period end. | Unsettled variation margin asset of $8 for closed futures is outstanding at period end. | Unsettled variation margin asset of $8 for closed futures is outstanding at period end. | Unsettled variation margin asset of $8 for closed futures is outstanding at period end. | Unsettled variation margin asset of $8 for closed futures is outstanding at period end. | Unsettled variation margin asset of $8 for closed futures is outstanding at period end. | Unsettled variation margin asset of $8 for closed futures is outstanding at period end. | Unsettled variation margin asset of $8 for closed futures is outstanding at period end. | Unsettled variation margin asset of $8 for closed futures is outstanding at period end. | Unsettled variation margin asset of $8 for closed futures is outstanding at period end. | Unsettled variation margin asset of $8 for closed futures is outstanding at period end. | Unsettled variation margin asset of $8 for closed futures is outstanding at period end. | Unsettled variation margin asset of $8 for closed futures is outstanding at period end. | Unsettled variation margin asset of $8 for closed futures is outstanding at period end. | Unsettled variation margin asset of $8 for closed futures is outstanding at period end. | Unsettled variation margin asset of $8 for closed futures is outstanding at period end. |
| **(i)** | **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 | 1379 | 1379 | $ | $1007 | 1007 | 1007 | 15 | 15 | 15 | 15 | $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 | 10721 | 10721 |  | 2054 | 2054 | 2054 | 0 | 0 | 0 | 0 | (16) | (16) | (16) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | CNH | 248 | 248 |  | 36 | 36 | 36 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | DOP | 310 | 310 |  | 5 | 5 | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | INR | 3132 | 3132 |  | 33 | 33 | 33 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | KRW | 29165 | 29165 |  | 20 | 20 | 20 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | PLN | 220 | 220 |  | 60 | 60 | 60 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | $ | $2055 | 2055 | BRL | 10721 | 10721 | 10721 | 15 | 15 | 15 | 15 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 10 | 10 | CNH | 69 | 69 | 69 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 33 | 33 | INR | 3138 | 3138 | 3138 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 06/2026  | 06/2026  | 06/2026  | ILS | 386 | 386 | $ | $125 | 125 | 125 | 2 | 2 | 2 | 2 | 0 | 0 | 0 |
|  |  |  | 06/2026  | 06/2026  | 06/2026  | MXN | 1246 | 1246 |  | 70 | 70 | 70 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 06/2026  | 06/2026  | 06/2026  | $ | $16 | 16 | ILS | 49 | 49 | 49 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 08/2026  | 08/2026  | 08/2026  |  | 52 | 52 | ZAR | 945 | 945 | 945 | 3 | 3 | 3 | 3 | 0 | 0 | 0 |
|  |  |  | 10/2026  | 10/2026  | 10/2026  | BRL | 500 | 500 | $ | $91 | 91 | 91 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | 04/2026  | 04/2026  | 04/2026  | AUD | 118 | 118 |  | 84 | 84 | 84 | 3 | 3 | 3 | 3 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | BRL | 4302 | 4302 |  | 776 | 776 | 776 | 0 | 0 | 0 | 0 | (55) | (55) | (55) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | CNH | 69 | 69 |  | 10 | 10 | 10 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | GBP | 57 | 57 |  | 76 | 76 | 76 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | ILS | 376 | 376 |  | 122 | 122 | 122 | 2 | 2 | 2 | 2 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | INR | 81303 | 81303 |  | 869 | 869 | 869 | 11 | 11 | 11 | 11 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | KRW | 658702 | 658702 |  | 443 | 443 | 443 | 5 | 5 | 5 | 5 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | PLN | 83 | 83 |  | 22 | 22 | 22 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | THB | 10708 | 10708 |  | 330 | 330 | 330 | 5 | 5 | 5 | 5 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | TRY | 6191 | 6191 |  | 137 | 137 | 137 | 0 | 0 | 0 | 0 | (2) | (2) | (2) |

---

------

<br> Schedule of Investments PIMCO Dynamic Bond Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 04/2026  | $257 | 367 | 0 | (4) |
|  | 04/2026  | 819 | 4302 | 12 | 0 |
|  | 04/2026  | 458 | 7745394 | 0 | (2) |
|  | 04/2026  | 90 | 284 | 1 | 0 |
|  | 04/2026  | 59 | 87856 | 0 | (1) |
|  | 04/2026  | 158 | 572 | 0 | (5) |
|  | 04/2026  | 0 | 5 | 0 | 0 |
|  | 04/2026  | 137 | 6197 | 2 | 0 |
|  | 04/2026  | 247 | 7891 | 0 | (1) |
|  | 04/2026  | 1051 | $62 | 0 | 0 |
|  | 05/2026  | 283 | 90 | 0 | (1) |
|  | 05/2026  | 20201 | 214 | 0 | (1) |
|  | 05/2026  | 4640 | 144 | 0 | (1) |
|  | 05/2026  | $80 | 420 | 1 | 0 |
|  | 05/2026  | 107 | 1820568 | 0 | 0 |
|  | 05/2026  | 18 | 591 | 0 | 0 |
|  | 06/2026  | 10 | $0 | 0 | 0 |
|  | 06/2026  | $39 | 662089 | 0 | 0 |
|  | 07/2026  | 500 | $92 | 0 | (2) |
|  | 10/2026  | 3400 | 620 | 0 | (9) |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | 04/2026  | 42957 | 938 | 0 | (13) |
|  | 04/2026  | $33 | 120 | 0 | (1) |
|  | 04/2026  | 59 | 535 | 0 | (2) |
|  | 04/2026  | 1070 | 48864 | 9 | 0 |
|  | 04/2026  | 10503 | $642 | 22 | 0 |
|  | 05/2026  | 13030 | 280 | 0 | (1) |
|  | 05/2026  | $892 | 41379 | 0 | 0 |
|  | 07/2026  | 6291855 | $1657 | 0 | (12) |
|  | 08/2026  | $26 | 458 | 1 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | 04/2026  | 6700 | $1205 | 0 | (89) |
|  | 04/2026  | 10827 | 68 | 0 | 0 |
|  | 04/2026  | $1290 | 6700 | 3 | 0 |
|  | 04/2026  | 1362 | 1023 | 0 | (8) |
|  | 04/2026  | 854 | 1480 | 0 | (4) |
|  | 04/2026  | 358 | 1297 | 0 | (9) |
|  | 05/2026  | 1023 | $1362 | 8 | 0 |
|  | 05/2026  | 1480 | 855 | 4 | 0 |
|  | 05/2026  | 1196 | 351 | 8 | 0 |
|  | 05/2026  | $68 | 10794 | 0 | 0 |
|  | 06/2026  | 126 | 428 | 0 | (4) |
|  | 10/2026  | 7100 | $1311 | 0 | (4) |
|  | 12/2026  | 542 | 160 | 7 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | 04/2026  | 130 | 92 | 2 | 0 |
|  | 04/2026  | 103 | 15 | 0 | 0 |
|  | 04/2026  | 445949 | 117 | 0 | (4) |
|  | 04/2026  | 286 | 332 | 1 | 0 |
|  | 04/2026  | 52 | 69 | 1 | 0 |
|  | 04/2026  | 65834 | 707 | 12 | 0 |
|  | 04/2026  | 205 | 21 | 0 | 0 |
|  | 04/2026  | 38 | 11 | 0 | 0 |
|  | 04/2026  | 185 | 20 | 0 | 0 |
|  | 04/2026  | 312 | 10 | 0 | 0 |
|  | 04/2026  | $115 | 162 | 0 | (3) |
|  | 04/2026  | 37 | 257 | 0 | 0 |
|  | 04/2026  | 2235 | 205231 | 1 | (63) |
|  | 04/2026  | 52 | 180 | 0 | 0 |
|  | 04/2026  | 6 | 174 | 0 | 0 |
|  | 05/2026  | 2646 | $746 | 0 | (13) |
|  | 06/2026  | 374901 | 99 | 0 | (1) |
|  | 06/2026  | 95 | 31 | 1 | 0 |
|  | 06/2026  | 5816 | 324 | 1 | 0 |
|  | 06/2026  | $30 | 505324 | 0 | 0 |
|  | 09/2026  | 75843 | $87 | 5 | 0 |
|  | 09/2026  | 315 | 91 | 1 | 0 |
|  | 01/2027  | 1838 | 543 | 23 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | 04/2026  | 162 | 23 | 0 | 0 |
|  | 04/2026  | 758 | 245 | 4 | 0 |
|  | 04/2026  | 10723 | 114 | 1 | 0 |
|  | 04/2026  | $342 | 499 | 2 | 0 |
|  | 04/2026  | 46 | 317 | 0 | 0 |
|  | 04/2026  | 143 | 13444 | 1 | (1) |
|  | 04/2026  | 1847 | 2360 | 0 | (12) |
|  | 04/2026  | 95 | 3097 | 0 | (1) |
|  | 05/2026  | 499 | $342 | 0 | (2) |
|  | 05/2026  | 2355 | 1847 | 12 | 0 |
|  | 05/2026  | $23 | 162 | 0 | 0 |
|  | 06/2026  | 209455 | $56 | 0 | 0 |
|  | 06/2026  | 3090 | 95 | 1 | 0 |
|  | 07/2026  | 683 | 202 | 7 | 0 |
|  | 08/2026  | 1527 | 452 | 16 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | 04/2026  | 275 | 195 | 5 | 0 |
|  | 04/2026  | 183 | 237 | 8 | 0 |
|  | 04/2026  | 983 | 1328 | 27 | 0 |
|  | 04/2026  | 13481 | 84 | 0 | (1) |
|  | 04/2026  | $163 | 130 | 0 | (1) |
|  | 04/2026  | 24 | 3751 | 0 | 0 |

---

------

<br> Schedule of Investments PIMCO Dynamic Bond Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 04/2026  | 37 | 134 | 0 | (1) |
|  | 04/2026  | 10 | 13 | 0 | 0 |
|  | 05/2026  | 129 | $163 | 1 | 0 |
|  | 05/2026  | 471 | 149 | 0 | (1) |
|  | 05/2026  | 13 | 10 | 0 | 0 |
|  | 05/2026  | $84 | 13440 | 1 | 0 |
|  | 06/2026  | 275 | $89 | 2 | 0 |
|  | 06/2026  | 1885 | 555 | 15 | 0 |
|  | 06/2026  | $118 | 2063 | 0 | (4) |
|  | 07/2026  | 196 | $58 | 2 | 0 |
|  | 08/2026  | 1051 | 311 | 11 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; GLM | 04/2026  | 20417 | 3717 | 0 | (225) |
|  | 04/2026  | 45576 | 12 | 0 | 0 |
|  | 04/2026  | 1678 | 26 | 0 | (2) |
|  | 04/2026  | 372 | 120 | 1 | 0 |
|  | 04/2026  | 916 | 10 | 0 | 0 |
|  | 04/2026  | $3898 | 20417 | 43 | 0 |
|  | 04/2026  | 36 | 248 | 0 | 0 |
|  | 04/2026  | 12 | 210140 | 0 | 0 |
|  | 04/2026  | 269 | 4951 | 7 | 0 |
|  | 04/2026  | 52 | 1698 | 0 | 0 |
|  | 05/2026  | 772 | $13 | 0 | 0 |
|  | 05/2026  | 13446 | 408 | 0 | (1) |
|  | 06/2026  | 430 | 7 | 0 | 0 |
|  | 06/2026  | 671535 | 40 | 0 | 0 |
|  | 06/2026  | 186 | 10 | 0 | 0 |
|  | 06/2026  | 1695 | 52 | 0 | 0 |
|  | 06/2026  | $1866 | 10049 | 48 | 0 |
|  | 06/2026  | 70 | 1184747 | 0 | 0 |
|  | 06/2026  | 16 | 51 | 0 | 0 |
|  | 06/2026  | 215 | 3749 | 0 | (7) |
|  | 07/2026  | 2600 | $481 | 0 | (11) |
|  | 07/2026  | 1044 | 17 | 0 | 0 |
|  | 09/2026  | 2593 | 43 | 1 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; IND | 04/2026  | 1724 | 2036 | 43 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | 04/2026  | 4900 | 939 | 0 | (7) |
|  | 04/2026  | 309 | 45 | 0 | 0 |
|  | 04/2026  | 4956 | 53 | 0 | 0 |
|  | 04/2026  | 459 | 125 | 2 | 0 |
|  | 04/2026  | 2373 | 1883 | 37 | 0 |
|  | 04/2026  | $932 | 4900 | 14 | 0 |
|  | 04/2026  | 234 | 199 | 0 | (4) |
|  | 04/2026  | 53 | 4964 | 0 | 0 |
|  | 04/2026  | 1441 | 25855 | 2 | (3) |
|  | 04/2026  | 89 | 152 | 0 | (1) |
|  | 04/2026  | 30833 | $1844 | 25 | 0 |
|  | 05/2026  | 159 | 109 | 0 | (1) |
|  | 05/2026  | $25 | 170 | 0 | 0 |
|  | 06/2026  | 254 | $82 | 1 | 0 |
|  | 06/2026  | 1505 | 84 | 0 | 0 |
|  | 10/2026  | 5200 | 947 | 0 | (16) |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | 04/2026  | 205 | 143 | 2 | 0 |
|  | 04/2026  | 27 | 34 | 0 | 0 |
|  | 04/2026  | 114 | 5 | 0 | 0 |
|  | 04/2026  | 337 | 390 | 1 | 0 |
|  | 04/2026  | 17808 | 113 | 1 | 0 |
|  | 04/2026  | 465 | 50 | 0 | 0 |
|  | 04/2026  | 3757 | 118 | 4 | 0 |
|  | 04/2026  | $99 | 143 | 0 | 0 |
|  | 04/2026  | 102 | 80 | 0 | (2) |
|  | 04/2026  | 92 | 69 | 0 | (1) |
|  | 04/2026  | 122 | 19261 | 0 | (1) |
|  | 04/2026  | 404 | 591468 | 0 | (11) |
|  | 04/2026  | 65 | 1197 | 2 | 0 |
|  | 04/2026  | 21 | 205 | 0 | 0 |
|  | 05/2026  | 205 | $21 | 0 | 0 |
|  | 05/2026  | $38 | 5990 | 0 | 0 |
|  | 06/2026  | 157 | $9 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MYI | 04/2026  | 36 | 10 | 1 | 0 |
|  | 04/2026  | $67 | 1222 | 1 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | 04/2026  | 1632 | $975 | 38 | 0 |
|  | 04/2026  | 257 | 8 | 0 | 0 |
|  | 04/2026  | $997 | 1381 | 0 | (5) |
|  | 04/2026  | 253 | 23022 | 0 | (10) |
|  | 04/2026  | 19 | 2950 | 0 | 0 |
|  | 04/2026  | 50 | 181 | 0 | (1) |
|  | 04/2026  | 66 | 2102 | 0 | 0 |
|  | 05/2026  | 1379 | $997 | 5 | 0 |
|  | 05/2026  | 7 | 0 | 0 | 0 |
|  | 06/2026  | $114 | 1927663 | 0 | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; SOG | 04/2026  | 193 | $228 | 5 | 0 |
|  | 04/2026  | $2702 | 2341 | 4 | 0 |
|  | 04/2026  | 105 | 16272 | 0 | (2) |
|  | 04/2026  | 12 | 115 | 0 | 0 |
|  | 05/2026  | 2341 | $2706 | 0 | (4) |
|  | 05/2026  | 115 | 12 | 0 | 0 |

---

------

<br> Schedule of Investments PIMCO Dynamic Bond Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | 06/2026  | 06/2026  | 199 | 199 | 199 | 199 |  |  | 64 | 64 | 64 | 64 |  | 1 | 1 | 1 |  | 0 |
|  |  | 06/2026  | 06/2026  | 5405 | 5405 | 5405 | 5405 |  |  | 1604 | 1604 | 1604 | 1604 |  | 57 | 57 | 57 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp;&nbsp; SSB | 04/2026  | 04/2026  | 443 | 443 | 443 | 443 |  |  | 315 | 315 | 315 | 315 |  | 10 | 10 | 10 |  | 0 |
|  |  | 08/2026  | 08/2026  | 600586 | 600586 | 600586 | 600586 |  |  | 157 | 157 | 157 | 157 |  | 0 | 0 | 0 |  | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | 04/2026  | 04/2026  | 200 | 200 | 200 | 200 |  |  | 54 | 54 | 54 | 54 |  | 1 | 1 | 1 |  | 0 |
|  |  | 04/2026  | 04/2026  | $64 | 64 | 64 | 64 | COP | COP | 237859 | 237859 | 237859 | 237859 |  | 1 | 1 | 1 |  | 0 |
|  |  | 04/2026  | 04/2026  | 253 | 253 | 253 | 253 | PLN | PLN | 915 | 915 | 915 | 915 |  | 0 | 0 | 0 |  | (7) |
|  |  | 05/2026  | 05/2026  | 23 | 23 | 23 | 23 | $ | $ | 1 | 1 | 1 | 1 |  | 0 | 0 | 0 |  | 0 |
|  |  | 06/2026  | 06/2026  | 433384 | 433384 | 433384 | 433384 |  |  | 115 | 115 | 115 | 115 |  | 0 | 0 | 0 |  | (1) |
|  |  | 06/2026  | 06/2026  | 320 | 320 | 320 | 320 |  |  | 103 | 103 | 103 | 103 |  | 2 | 2 | 2 |  | 0 |
|  |  | 06/2026  | 06/2026  | 200 | 200 | 200 | 200 |  |  | 11 | 11 | 11 | 11 |  | 0 | 0 | 0 |  | 0 |
|  |  | 06/2026  | 06/2026  | $170 | 170 | 170 | 170 | MXN | MXN | 2968 | 2968 | 2968 | 2968 |  | 0 | 0 | 0 |  | (6) |
| **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** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | $**664** | **664** | **664** | **$** | $**(687)** | **(687)** |
| **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** |
| **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** |
| Counterparty | Description | Description | Description | Description | Description |  |  |  | Strike<br>Price | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Cost | Cost |  | Market<br>Value |
| BOA | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | BRL | BRL | BRL | 5.320 | 5.320 | 5.320 | 04/23/2026 | 370 | 370 | 370 | $5 | 5 | $ | $11 |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | KRW | KRW | 1400.000 | 1400.000 | 1400.000 | 07/09/2026 | 245 | 245 | 245 | 2 | 2 |  | 1 |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  |  |  | 1400.000 | 1400.000 | 1400.000 | 07/13/2026 | 155 | 155 | 155 | 1 | 1 |  | 1 |
|  | Put - OTC USD versus ZAR  | Put - OTC USD versus ZAR  | Put - OTC USD versus ZAR  | Put - OTC USD versus ZAR  | Put - OTC USD versus ZAR  | ZAR | ZAR | ZAR | 18.000 | 18.000 | 18.000 | 08/19/2026 | 521 | 521 | 521 | 25 | 25 |  | 37 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $33 | 33 | $ | $50 |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **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 | Pay/Receive<br>Floating Rate | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Cost | Cost |  | Market<br>Value |
| BOA | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 4.470% | 4.470% | 4.470% | 4.470% | 06/04/2035 | 06/04/2035 | 300 | 300 | 300 | $27 | 27 | $ | $23 |
|  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 4.470 | 4.470 | 4.470 | 4.470 | 06/04/2035 | 06/04/2035 | 300 | 300 | 300 | 27 | 27 |  | 26 |
|  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.255 | 3.255 | 3.255 | 3.255 | 08/16/2039 | 08/16/2039 | 1000 | 1000 | 1000 | 96 | 96 |  | 65 |
|  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 3.255 | 3.255 | 3.255 | 3.255 | 08/16/2039 | 08/16/2039 | 1000 | 1000 | 1000 | 96 | 96 |  | 125 |
| DUB | Put - OTC 1-Year Interest Rate Swap  | Put - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 3.757 | 3.757 | 3.757 | 3.757 | 09/18/2026 | 09/18/2026 | 6500 | 6500 | 6500 | 5 | 5 |  | 14 |
| JPM | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.808 | 3.808 | 3.808 | 3.808 | 07/31/2034 | 07/31/2034 | 500 | 500 | 500 | 44 | 44 |  | 28 |
|  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 3.808 | 3.808 | 3.808 | 3.808 | 07/31/2034 | 07/31/2034 | 500 | 500 | 500 | 44 | 44 |  | 51 |
| MYC | Put - OTC 1-Year Interest Rate Swap  | Put - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 3.757 | 3.757 | 3.757 | 3.757 | 09/18/2026 | 09/18/2026 | 10200 | 10200 | 10200 | 8 | 8 |  | 23 |
|  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.800 | 3.800 | 3.800 | 3.800 | 07/12/2034 | 07/12/2034 | 1000 | 1000 | 1000 | 86 | 86 |  | 56 |
|  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 3.800 | 3.800 | 3.800 | 3.800 | 07/12/2034 | 07/12/2034 | 1000 | 1000 | 1000 | 86 | 86 |  | 103 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $519 | 519 | $ | $514 |
| **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** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | $**552** | **552** | **$** | $**564** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** |
| Counterparty | Description | Description | Description | Description | Description |  |  |  | Strike<br>Price | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value |
| BOA | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | Put - OTC USD versus BRL  | BRL | BRL | BRL | 5.120 | 5.120 | 5.120 | 04/23/2026 | 370 | 370 | 370 | $(1) | (1) | $ | $(2) |
|  | Call - OTC USD versus BRL  | Call - OTC USD versus BRL  | Call - OTC USD versus BRL  | Call - OTC USD versus BRL  | Call - OTC USD versus BRL  |  |  |  | 5.700 | 5.700 | 5.700 | 04/23/2026 | 370 | 370 | 370 | (3) | (3) |  | (1) |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | KRW | KRW | 1350.000 | 1350.000 | 1350.000 | 07/09/2026 | 245 | 245 | 245 | (1) | (1) |  | 0 |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  |  |  | 1350.000 | 1350.000 | 1350.000 | 07/13/2026 | 155 | 155 | 155 | 0 | 0 |  | 0 |
|  | Put - OTC USD versus ZAR  | Put - OTC USD versus ZAR  | Put - OTC USD versus ZAR  | Put - OTC USD versus ZAR  | Put - OTC USD versus ZAR  | ZAR | ZAR | ZAR | 17.000 | 17.000 | 17.000 | 08/19/2026 | 1042 | 1042 | 1042 | (25) | (25) |  | (34) |
| MYI | Call - OTC USD versus JPY  | Call - OTC USD versus JPY  | Call - OTC USD versus JPY  | Call - OTC USD versus JPY  | Call - OTC USD versus JPY  | JPY | JPY | JPY | 157.700 | 157.700 | 157.700 | 04/24/2026 | 447 | 447 | 447 | (3) | (3) |  | (5) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $(33) | (33) | $ | $(42) |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **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 | Pay/Receive<br>Floating Rate | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value |
| GLM | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 3.600% | 3.600% | 3.600% | 3.600% | 04/16/2026 | 04/16/2026 | 100 | 100 | 100 | $0 | 0 | $ | $0 |
|  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.900 | 3.900 | 3.900 | 3.900 | 04/16/2026 | 04/16/2026 | 100 | 100 | 100 | 0 | 0 |  | (1) |
|  | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 3.695 | 3.695 | 3.695 | 3.695 | 04/27/2026 | 04/27/2026 | 100 | 100 | 100 | (1) | (1) |  | 0 |

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------

<br> Schedule of Investments PIMCO Dynamic Bond Portfolio (Cont.) March 31, 2026 (Unaudited)

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| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | Pay | Pay | 4.055 | 04/27/2026 | 04/27/2026 |  | 100 |  | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  |  |  |  |  |  |  |  |  | $ | (1) | (1) | (1) | $(1) | (1) | (1) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **$** | **(34)** | **(34)** | **(34)** | $**(43)** | **(43)** | **(43)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</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> | <u>Swap Agreements, at Value</u><sup>(4)</sup> |
| Counterparty | Counterparty | Index/Tranches | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount<sup>(3)</sup> |  | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset |  | Liability |
| BRC | BRC | ABX.HE.AAA.6-2 Index « | 0.110% | Monthly | Monthly | 05/25/2046 | 05/25/2046 | 306 | $ | (85) | (85) | 61 | 61 | 0 | 0 | $ | (24) |
| MYI | MYI | ABX.HE.AAA.6-2 Index « | 0.110 | Monthly | Monthly | 05/25/2046 | 05/25/2046 | 364 |  | 0 | 0 | (29) | (29) | 0 | 0 |  | (29) |
| **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** | **(85)** | **(85)** | $**32** | **32** | $**0** | **0** | **0** | $**(53)** |
| **(j)** | **Securities with an aggregate market value of $88 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 $88 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 $88 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 $88 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 $88 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 $88 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 $88 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 $88 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 $88 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 $88 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 $88 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 $88 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 $88 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 $88 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 $88 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 $88 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 $88 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> | 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 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>(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. |
| <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. |
| **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 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 | 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** |  |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | $0 | 0 | 0 | $869 | 869 | $0 | 0 | 0 | $ | 869 | 869 | 869 |  |
| 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 | 8482 | 8482 | 0 | 0 | 0 |  | 8482 | 8482 | 8482 |  |
| Industrials | Industrials | Industrials | Industrials | Industrials | 0 | 0 | 0 | 5187 | 5187 | 0 | 0 | 0 |  | 5187 | 5187 | 5187 |  |
| Utilities | Utilities | Utilities | Utilities | Utilities | 0 | 0 | 0 | 1843 | 1843 | 0 | 0 | 0 |  | 1843 | 1843 | 1843 |  |
| 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 |  |
| West Virginia | West Virginia | West Virginia | West Virginia | West Virginia | 0 | 0 | 0 | 93 | 93 | 0 | 0 | 0 |  | 93 | 93 | 93 |  |
| U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | 0 | 0 | 0 | 50771 | 50771 | 0 | 0 | 0 |  | 50771 | 50771 | 50771 |  |
| U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 0 | 0 | 9028 | 9028 | 0 | 0 | 0 |  | 9028 | 9028 | 9028 |  |
| 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 | 4028 | 4028 | 966 | 966 | 966 |  | 4994 | 4994 | 4994 |  |
| 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 |  |
| CMBS Other | CMBS Other | CMBS Other | CMBS Other | CMBS Other | 0 | 0 | 0 | 119 | 119 | 0 | 0 | 0 |  | 119 | 119 | 119 |  |
| Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | 0 | 0 | 0 | 3583 | 3583 | 0 | 0 | 0 |  | 3583 | 3583 | 3583 |  |
| Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | 0 | 0 | 0 | 216 | 216 | 0 | 0 | 0 |  | 216 | 216 | 216 |  |
| Other ABS | Other ABS | Other ABS | Other ABS | Other ABS | 0 | 0 | 0 | 5479 | 5479 | 0 | 0 | 0 |  | 5479 | 5479 | 5479 |  |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 0 | 17697 | 17697 | 0 | 0 | 0 |  | 17697 | 17697 | 17697 |  |
| 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 | Preferred Securities |  |
| Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | 42 | 42 | 42 | 0 | 0 | 0 | 0 | 0 |  | 42 | 42 | 42 |  |
| 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 |  |
| Commercial Paper | Commercial Paper | Commercial Paper | Commercial Paper | Commercial Paper | 0 | 0 | 0 | 2893 | 2893 | 0 | 0 | 0 |  | 2893 | 2893 | 2893 |  |
| Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | 0 | 0 | 0 | 6100 | 6100 | 0 | 0 | 0 |  | 6100 | 6100 | 6100 |  |
| Short-Term Notes | Short-Term Notes | Short-Term Notes | Short-Term Notes | Short-Term Notes | 0 | 0 | 0 | 100 | 100 | 0 | 0 | 0 |  | 100 | 100 | 100 |  |
| Egypt Treasury Bills | Egypt Treasury Bills | Egypt Treasury Bills | Egypt Treasury Bills | Egypt Treasury Bills | 0 | 0 | 0 | 3 | 3 | 0 | 0 | 0 |  | 3 | 3 | 3 |  |
| Nigeria Treasury Bills | Nigeria Treasury Bills | Nigeria Treasury Bills | Nigeria Treasury Bills | Nigeria Treasury Bills | 0 | 0 | 0 | 489 | 489 | 0 | 0 | 0 |  | 489 | 489 | 489 |  |
| Turkey Treasury Bills | Turkey Treasury Bills | Turkey Treasury Bills | Turkey Treasury Bills | Turkey Treasury Bills | 0 | 0 | 0 | 22 | 22 | 0 | 0 | 0 |  | 22 | 22 | 22 |  |
| U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | 0 | 0 | 0 | 1600 | 1600 | 0 | 0 | 0 |  | 1600 | 1600 | 1600 |  |
|  |  |  |  |  | $42 | 42 | 42 | $118602 | 118602 | $966 | 966 | 966 | $ | 119610 | 119610 | 119610 |  |
| **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 | $18350 | 18350 | 18350 | $0 | 0 | $0 | 0 | 0 | $ | 18350 | 18350 | 18350 |  |
| Total Investments | Total Investments | Total Investments | Total Investments | Total Investments | $18392 | 18392 | 18392 | $118602 | 118602 | $966 | 966 | 966 | $ | 137960 | 137960 | 137960 |  |
| **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**  | **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**  | **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**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  |  |
| U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | $0 | 0 | 0 | $(1959) | (1959) | $0 | 0 | 0 | $ | (1959) | (1959) | (1959) |  |
| **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  |  |
| 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 | 12 | 12 | 12 | 277 | 277 | 0 | 0 | 0 |  | 289 | 289 | 289 |  |
| Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 | 0 | 1228 | 1228 | 0 | 0 | 0 |  | 1228 | 1228 | 1228 |  |
|  |  |  |  |  | $12 | 12 | 12 | $1505 | 1505 | $0 | 0 | 0 | $ | 1517 | 1517 | 1517 |  |

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<br> Schedule of Investments PIMCO Dynamic Bond Portfolio (Cont.) March 31, 2026 (Unaudited)

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| | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | | |
| 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 | (18) | (18) | (18) | (18) | (109) | (109) | (109) | 0 | 0 |  |  | (127) | (127) |  |  |
| Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 | 0 | 0 | (730) | (730) | (730) | (53) | (53) |  |  | (783) | (783) |  |  |
|  |  |  |  |  |  | $(18) | (18) | (18) | (18) | $(839) | (839) | (839) | $(53) | (53) | $ | $ | (910) | (910) |  |  |
| Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | $(6) | (6) | (6) | (6) | $666 | 666 | 666 | $(53) | (53) | $ | $ | 607 | 607 |  |  |
| Totals | Totals | Totals | Totals | Totals | Totals | $18386 | 18386 | 18386 | 18386 | $117309 | 117309 | 117309 | $913 | 913 | $ | $ | 136608 | 136608 |  |  |
| **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<sup>(1)</sup> | Net<br>Purchases<sup>(1)</sup> | Net<br>Sales/Settlements<sup>(1)</sup> | 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>(2)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(2)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(2)</sup> | Transfers into<br>Level 3 | Transfers 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>(2)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>03/31/2026<sup>(2)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>03/31/2026<sup>(2)</sup> |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Non-Agency Mortgage-Backed Securities | $934 | $ | 0 | $ | $ | 0 | $ | $0 | $ | 32 | $ | $0 | 0 | $0 | 0 | $ | 966 | $ | $ | 32 |
|  | $934 | $ | 0 | $ | $ | 0 | $ | $0 | $ | 32 | $ | $0 | 0 | $0 | 0 | $ | 966 | $ | $ | 32 |
| **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** |
| Over the counter | $(55) | $ | 2 | $ | $ | 0 | $ | $99 | $ | (99) | $ | $0 | 0 | $0 | 0 | $ | (53) | $ | $ | (30) |
| Totals | $879 | $ | 2 | $ | $ | 0 | $ | $99 | $ | (67) | $ | $0 | 0 | $0 | 0 | $ | 913 | $ | $ | 2 |
| <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; 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** |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | $966 | 966 | &nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &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 |  |  |
| **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** | **Financial Derivative Instruments - Liabilities** |
| Over the counter | Over the counter | Over the counter | $(53) | (53) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | 92.000 | 92.000 | 92.000 | 92.000 |  |  |
| Total | Total | Total | $913 | 913 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| <sup>(1)</sup> | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. |
| <sup>(2)</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. |

---

------

Notes to Financial Statements

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

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

**(a) Investment Valuation Policies** The net asset value ("NAV") of the Portfolio's shares, or each of its share classes, as applicable, is determined by dividing the total value of portfolio investments and other assets attributable to the 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, the 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 Portfolio or its agents after the time as of which NAV has been calculated on a particular day will not generally be used to retroactively adjust the price of a security or the NAV determined earlier that day. If regular trading on the NYSE closes earlier than scheduled, the Portfolio may calculate its NAV as of the earlier closing time or calculate its NAV as of the NYSE Close for that day. The 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, the Portfolio may calculate its NAV as of the NYSE Close for such day or such other time that the 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 the 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 Portfolio will normally use pricing data for domestic equity securities received shortly after the NYSE Close and does not normally take into account trading, clearances or settlements that take place after the NYSE Close. A foreign (non-U.S.) equity security traded on a foreign exchange or on more than one exchange is typically valued using pricing information from the exchange considered by Pacific Investment Management Company LLC ("PIMCO") to be the primary exchange. If market value pricing is used, a foreign (non-U.S.) equity security will be valued as of the close of trading on the foreign exchange, or the NYSE Close, if the NYSE Close occurs before the end of trading on the foreign exchange.

Investments for which market quotations are not readily available are valued at fair value as determined in good faith pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended (the "Act"). As a general principle, the fair value of a security or other asset is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Pursuant to Rule 2a-5, the Board of Trustees has designated PIMCO as the valuation designee ("Valuation Designee") for the 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 the 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. Open-end management investment companies may include affiliated funds.

If a foreign (non-U.S.) equity security's value has materially changed after the close of the security's primary exchange or principal market but before the NYSE Close, the security may be valued at fair value. Foreign (non-U.S.) equity securities that do not trade when the NYSE is open are also valued at fair value. With respect to foreign (non-U.S.) equity securities, the 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. The 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 the Trust is not open for business, which may result in the 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 the 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 the Trust is not open for business. As a result, to the extent that the 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 the 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 the 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 the 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 the Portfolio may differ from the value that would be realized if the securities were sold. The Portfolio's use of fair valuation may also help to deter "stale price arbitrage" as discussed under the " Frequent or Excessive Purchases, Exchanges and Redemptions " section in the Portfolio's prospectus.

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

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

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Notes to Financial Statements (Cont.)

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

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

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

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

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 of the Portfolio's assets and liabilities. Additionally, U.S. GAAP requires quantitative information regarding the significant unobservable inputs used in the determination of fair value of assets or liabilities categorized as Level 3 in the fair value hierarchy. In accordance with the requirements of U.S. GAAP, a fair value hierarchy and, if material, a Level 3 reconciliation and details of significant unobservable inputs, have been included in the Notes to Schedule of Investments for the 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 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 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

------

Notes to Financial Statements (Cont.)

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.

<br>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.

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

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

**2. FEDERAL INCOME TAX MATTERS**

The 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.

The 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 Portfolio's tax positions for all open tax years. As of March 31, 2026, the Portfolio has recorded no liability for net unrecognized tax benefits relating to uncertain income tax positions it has taken or expects to take in future tax returns.

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

Shares of the Portfolio currently are sold to segregated asset accounts ("Separate Accounts") of insurance companies that fund variable annuity contracts and variable life insurance policies ("Variable Contracts"). Please refer to the prospectus for the Separate Account and Variable Contract for information regarding Federal income tax treatment of distributions to the Separate Account.

**3. INVESTMENTS IN AFFILIATES**

The 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 the Act, rules thereunder or exemptive relief therefrom. The Central Funds are registered investment companies created for use solely by the series of the Trust and other series of registered investment companies advised by the Adviser, in connection with their cash management activities. The main investments of the Central Funds are money market and short maturity fixed income instruments. The Central Funds may incur expenses related to their investment activities, but do not pay Investment Advisory Fees or Supervisory and Administrative Fees to the Adviser. The Central Funds are considered to be affiliated with the Portfolio. 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 Portfolio's website at www.pimco.com, or upon request, as applicable. The table below shows the Portfolio's transactions in and earnings from investments in the affiliated funds for the period ended March 31, 2026 (amounts in thousands<sup>†</sup>):

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

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **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> |
| $13107 | $13147 | $(7900) | $(1) | $(3) | $18350 | $148 | $0 |

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<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. |
| **BOA** | Bank of America N.A. | **FAR** | Wells Fargo Bank National Association | **MYI** | Morgan Stanley & Co. International PLC |
| **BPS** | BNP Paribas S.A. | **GLM** | Goldman Sachs Bank USA | **SCX** | Standard Chartered Bank, London |
| **BRC** | Barclays Bank PLC | **IND** | Crédit Agricole Corporate and Investment Bank <br> S.A. | **SOG** | Societe Generale Paris |
| **BSH** | Banco Santander S.A. - New York Branch | **JPM** | JP Morgan Chase Bank N.A. | **SSB** | State Street Bank and Trust Co. |
| **CBK** | Citibank N.A. | **MBC** | HSBC Bank Plc | **UAG** | UBS AG Stamford |
| **DEU** | Deutsche Bank Securities, Inc. |  |  |  |  |
| **Currency Abbreviations:** | **Currency Abbreviations:** |  |  |  |  |
| **AUD** | Australian Dollar | **EUR** | Euro | **NZD** | New Zealand Dollar |
| **BRL** | Brazilian Real | **GBP** | British Pound | **PEN** | Peruvian New Sol |
| **CAD** | Canadian Dollar | **IDR** | Indonesian Rupiah | **PLN** | Polish Zloty |
| **CHF** | Swiss Franc | **ILS** | Israeli Shekel | **SEK** | Swedish Krona |
| **CLP** | Chilean Peso | **INR** | Indian Rupee | **SGD** | Singapore Dollar |
| **CNH** | Chinese Renminbi (Offshore) | **JPY** | Japanese Yen | **THB** | Thai Baht |
| **COP** | Colombian Peso | **KRW** | South Korean Won | **TRY** | Turkish New Lira |
| **CZK** | Czech Koruna | **MXN** | Mexican Peso | **TWD** | Taiwanese Dollar |
| **DOP** | Dominican Peso | **NGN** | Nigerian Naira | **USD (or $)** | United States Dollar |
| **EGP** | Egyptian Pound | **NOK** | Norwegian Krone | **ZAR** | South African Rand |
| **Exchange Abbreviations:** | **Exchange Abbreviations:** |  |  |  |  |
| **CBOE** | Chicago Board Options Exchange | **OTC** | Over the Counter |  |  |
| **Index/Spread Abbreviations:** | **Index/Spread Abbreviations:** |  |  |  |  |
| **ABX.HE** | Asset-Backed Securities Index - Home Equity | **EUR003M** | 3 Month EUR Swap Rate | **SONIA** | Sterling Overnight Interbank Average Rate |
| **Bobl** | Bundesobligation, the German word for federal government bond | **IBR** | Indicador Bancario de Referencia | **SONIO** | Sterling Overnight Interbank Average Rate |
| **CAONREPO** | Canadian Overnight Repo Rate Average | **MUTKCALM** | Tokyo Overnight Average Rate | **TSFR1M** | Term SOFR 1-Month |
| **CDX.HY** | Credit Derivatives Index - High Yield | **SOFR** | Secured Overnight Financing Rate | **TSFR3M** | Term SOFR 3-Month |
| **CDX.IG** | Credit Derivatives Index - Investment Grade |  |  |  |  |
| **Other Abbreviations:** | **Other Abbreviations:** |  |  |  |  |
| **ABS** | Asset-Backed Security | **CLO** | Collateralized Loan Obligation | **PRIBOR** | Prague Interbank Offered Rate |
| **BBR** | Bank Bill Rate | **CMBS** | Collateralized Mortgage-Backed Security | **REMIC** | Real Estate Mortgage Investment Conduit |
| **BBSW** | Bank Bill Swap Reference Rate | **DAC** | Designated Activity Company | **TBA** | To-Be-Announced |
| **BRL-CDI** | Brazil Interbank Deposit Rate | **EURIBOR** | Euro Interbank Offered Rate | **WIBOR** | Warsaw Interbank Offered Rate |
| **CDO** | Collateralized Debt Obligation | **OIS** | Overnight Index Swap |  |  |

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<br> Schedule of Investments PIMCO Emerging Markets Bond Portfolio 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 99.5% ¤** |  |  |
| **ALBANIA 0.1%**  |  |  |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **Albania Government International Bonds** <br>3.500% due 11/23/2031 | 200 | $223 |
| Total Albania (Cost $225) |  | 223 |
| **ANGOLA 1.0%**  |  |  |
| **CORPORATE BONDS & NOTES 0.4%**  |  |  |
| **Sonangol Finance Ltd.** <br>10.000% due 01/29/2031 | $800 | 798 |
| **SOVEREIGN ISSUES 0.6%**  |  |  |
| **Angola Government International Bonds**  |  |  |
| 8.250% due 05/09/2028  | 200 | 202 |
| 8.750% due 04/14/2032  | 200 | 195 |
| 9.375% due 03/31/2033  | 400 | 396 |
| 9.875% due 10/15/2035  | 200 | 201 |
| 9.875% due 03/31/2037  | 200 | 198 |
|  |  | 1192 |
| Total Angola (Cost $1,923) |  | 1990 |
| **ARGENTINA 3.4%**  |  |  |
| **SOVEREIGN ISSUES 3.4%**  |  |  |
| **Argentina Republic Government International Bonds**  |  |  |
| 0.750% due 07/09/2030 þ  | $897 | 753 |
| 1.000% due 07/09/2029  | 314 | 277 |
| 3.500% due 07/09/2041 þ  | 3612 | 2424 |
| 4.125% due 07/09/2035 þ  | 1776 | 1288 |
| 4.125% due 07/09/2046 þ  | 289 | 199 |
| 5.000% due 01/09/2038 þ  | 2292 | 1733 |
| **Provincia de Buenos Aires/Government Bonds** <br>6.625% due 09/01/2037 þ | 181 | 136 |
| Total Argentina (Cost $5,343) |  | 6810 |
| **ARMENIA 0.4%**  |  |  |
| **SOVEREIGN ISSUES 0.4%**  |  |  |
| **Republic of Armenia International Bonds**  |  |  |
| 3.600% due 02/02/2031  | $500 | 445 |
| 3.950% due 09/26/2029  | 300 | 283 |
| Total Armenia (Cost $792) |  | 728 |
| **BAHRAIN 0.9%**  |  |  |
| **SOVEREIGN ISSUES 0.9%**  |  |  |
| **Bahrain Government International Bonds**  |  |  |
| 4.250% due 01/25/2028  | $300 | 284 |
| 6.625% due 10/06/2037  | 400 | 365 |
| 7.100% due 02/03/2038 (m)  | 400 | 377 |
| 7.500% due 09/20/2047 (m)  | 300 | 284 |
| **CBB International Sukuk Programme Co. WLL**  |  |  |
| 5.874% due 02/06/2034  | 200 | 187 |
| 6.124% due 09/03/2034  | 400 | 382 |
| Total Bahrain (Cost $1,981) |  | 1879 |
| **BENIN 0.2%**  |  |  |
| **SOVEREIGN ISSUES 0.2%**  |  |  |
| **Benin Government International Bonds** <br>7.960% due 02/13/2038 | $200 | 196 |
| **Benin Sukuk SA** <br>6.200% due 01/29/2033 | 200 | 186 |

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<br> Schedule of Investments PIMCO Emerging Markets Bond Portfolio (Cont.) March 31, 2026 (Unaudited)

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| | | |
|:---|:---|:---|
| Total Benin (Cost $408) |  | 382 |
| **BERMUDA 0.2%**  |  |  |
| **CORPORATE BONDS & NOTES 0.2%**  |  |  |
| **Star Energy Geothermal Darajat II/Star Energy Geothermal Salak** <br>4.850% due 10/14/2038 | $400 | 375 |
| Total Bermuda (Cost $400) |  | 375 |
| **BRAZIL 6.7%**  |  |  |
| **CORPORATE BONDS & NOTES 1.4%**  |  |  |
| **Banco do Brasil SA** <br>8.500% due 07/29/2026 | 16000 | 902 |
| **Brazil Minas SPE via State of Minas Gerais** <br>5.333% due 02/15/2028 | $860 | 866 |
| **CSN Inova Ventures** <br>6.750% due 01/28/2028 | 300 | 221 |
| **Unigel Luxembourg SA (11.000% Cash or 12.000% PIK)** <br>11.000% due 12/31/2028 ^(b)(c) | 323 | 10 |
| **Unigel Luxembourg SA (13.500% Cash or 15.000% PIK)** <br>13.500% due 12/31/2027 ^(b)(c) | 149 | 9 |
| **Vale SA** <br>0.000% due 12/29/2049 ~(j) | 10380 | 878 |
|  |  | 2886 |
| **SOVEREIGN ISSUES 5.3%**  |  |  |
| **Brazil Government International Bonds**  |  |  |
| 5.500% due 02/04/2033  | $200 | 197 |
| 7.125% due 05/13/2054  | 96 | 95 |
| 7.250% due 01/12/2056  | 803 | 789 |
| **Brazil Letras do Tesouro Nacional**  |  |  |
| 0.000% due 07/01/2026 (f)  | 17800 | 3328 |
| 0.000% due 10/01/2026 (f)  | 28800 | 5209 |
| **Brazil Notas do Tesouro Nacional**  |  |  |
| 6.000% due 08/15/2050  | 4650 | 779 |
| 10.000% due 01/01/2033  | 1200 | 194 |
|  |  | 10591 |
| Total Brazil (Cost $14,019) |  | 13477 |
| **BULGARIA 0.4%**  |  |  |
| **SOVEREIGN ISSUES 0.4%**  |  |  |
| **Bulgaria Government International Bonds**  |  |  |
| 3.625% due 09/05/2032  | 400 | 463 |
| 5.000% due 03/05/2037  | $400 | 387 |
| Total Bulgaria (Cost $843) |  | 850 |
| **CAMEROON 0.4%**  |  |  |
| **SOVEREIGN ISSUES 0.4%**  |  |  |
| **Republic of Cameroon International Bonds**  |  |  |
| 5.950% due 07/07/2032  | 550 | 548 |
| 9.500% due 07/31/2031  | $200 | 195 |
| Total Cameroon (Cost $795) |  | 743 |
| **CANADA 0.2%**  |  |  |
| **CORPORATE BONDS & NOTES 0.2%**  |  |  |
| **Ivanhoe Mines Ltd.** <br>7.875% due 01/23/2030 | $300 | 304 |
| Total Canada (Cost $300) |  | 304 |
| **CAYMAN ISLANDS 2.6%**  |  |  |
| **ASSET-BACKED SECURITIES 0.1%**  |  |  |
| **IFC Emerging Markets Securitization Ltd.** <br>4.971% due 12/31/2035 •  | $220 | 220 |
| **CONVERTIBLE BONDS & NOTES 0.0%**  |  |  |
| **Kaisa Group Holdings Ltd.**  |  |  |
| 0.000% due 12/31/2026 (f)  | 24 | 0 |
| 0.000% due 12/31/2027 (f)  | 30 | 0 |
| 0.000% due 12/31/2028 (f)  | 47 | 0 |

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<br> Schedule of Investments PIMCO Emerging Markets Bond Portfolio (Cont.) March 31, 2026 (Unaudited)

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| | | |
|:---|:---|:---|
| 0.000% due 12/31/2029 (f)  | 47 | 0 |
| 0.000% due 12/31/2030 (f)  | 59 | 0 |
| 0.000% due 12/31/2031 (f)  | 59 | 0 |
| 0.000% due 12/31/2032 (f)  | 112 | 1 |
|  |  | 1 |
| **CORPORATE BONDS & NOTES 2.2%**  |  |  |
| **Bioceanico Sovereign Certificate Ltd.** <br>0.000% due 06/05/2034 (f) | 413 | 338 |
| **Energuate Trust 2 0** <br>6.350% due 09/15/2035 | 200 | 196 |
| **FWD Group Holdings Ltd.** <br>5.836% due 09/22/2035 | 200 | 199 |
| **Gaci First Investment Co.** <br>4.875% due 02/14/2035 | 1400 | 1348 |
| **ICD Funding Ltd.** <br>3.223% due 04/28/2026 | 200 | 200 |
| **Interoceanica V Finance Ltd.**  |  |  |
| 0.000% due 05/15/2030 (f)  | 380 | 327 |
| 7.860% due 05/15/2030  | 170 | 175 |
| **Kaisa Group Holdings Ltd.** <br>5.000% due 11/30/2027 | 5 | 0 |
| **Kaisa Group Holdings Ltd. (5.250% Cash or 6.250% PIK)** <br>5.250% due 12/28/2028 (b) | 40 | 0 |
| **Kaisa Group Holdings Ltd. (5.500% Cash or 6.500% PIK)** <br>5.500% due 12/28/2029 (b) | 67 | 0 |
| **Kaisa Group Holdings Ltd. (5.750% Cash or 6.750% PIK)** <br>5.750% due 12/28/2030 (b) | 80 | 0 |
| **Kaisa Group Holdings Ltd. (6.000% Cash or 7.000% PIK)** <br>6.000% due 12/28/2031 (b) | 121 | 1 |
| **Kaisa Group Holdings Ltd. (6.721% Cash or 7.721% PIK)** <br>6.721% due 12/28/2027 (b) | 27 | 0 |
| **Kona Spc Ltd.** <br>5.718% due 09/15/2026 «•  | 1000 | 1164 |
| **Lima Metro Line 2 Finance Ltd.** <br>5.875% due 07/05/2034 | $75 | 76 |
| **Montego Bay Airport Revenue Finance Ltd.** <br>6.600% due 06/15/2035 | 200 | 193 |
| **SRC Sukuk Ltd.** <br>5.000% due 02/27/2028 | 200 | 200 |
|  |  | 4417 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **SOVEREIGN ISSUES 0.3%**  |  |  |
| **KSA Ijarah Sukuk Ltd.** <br>4.875% due 09/09/2035 | 600 | 586 |
| Total Cayman Islands (Cost $5,295) |  | 5224 |
| **CHILE 2.8%**  |  |  |
| **CORPORATE BONDS & NOTES 1.9%**  |  |  |
| **Banco del Estado de Chile** <br>7.950% due 05/02/2029 •(j)(k) | $300 | 316 |
| **Corp. Nacional del Cobre de Chile**  |  |  |
| 3.700% due 01/30/2050  | 300 | 204 |
| 4.250% due 07/17/2042  | 200 | 161 |
| 4.875% due 11/04/2044  | 600 | 509 |
| 6.300% due 09/08/2053  | 300 | 302 |
| 6.330% due 01/13/2035  | 300 | 313 |
| 6.780% due 01/13/2055  | 500 | 531 |
| **Empresa de los Ferrocarriles del Estado**  |  |  |
| 3.068% due 08/18/2050  | 200 | 125 |
| 3.830% due 09/14/2061  | 200 | 135 |
| **Empresa de Transporte de Pasajeros Metro SA** <br>3.650% due 05/07/2030 | 200 | 190 |
| **Empresa Nacional del Petroleo**  |  |  |
| 5.950% due 07/30/2034  | 200 | 202 |
| 6.150% due 05/10/2033  | 200 | 206 |
| **Engie Energia Chile SA** <br>6.375% due 04/17/2034 | 200 | 208 |
| **GNL Quintero SA** <br>4.634% due 07/31/2029 | 247 | 247 |

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<br> Schedule of Investments PIMCO Emerging Markets Bond Portfolio (Cont.) March 31, 2026 (Unaudited)

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| | | |
|:---|:---|:---|
| **Sociedad Quimica y Minera de Chile SA** <br>5.625% due 04/22/2056 •  | 200 | 195 |
|  |  | 3844 |
| **SOVEREIGN ISSUES 0.9%**  |  |  |
| **Chile Government International Bonds**  |  |  |
| 3.100% due 05/07/2041 (m)  | 300 | 228 |
| 3.250% due 09/21/2071  | 800 | 497 |
| 4.340% due 03/07/2042 (m)  | 600 | 527 |
| 4.350% due 04/13/2031  | 500 | 491 |
|  |  | 1743 |
| Total Chile (Cost $6,296) |  | 5587 |
| **CHINA 0.0%**  |  |  |
|  | SHARES |  |
| **COMMON STOCKS 0.0%**  |  |  |
| **Kaisa Group Holdings Ltd. (d)** | 347363 | 4 |
| Total China (Cost $0) |  | 4 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **COLOMBIA 2.5%**  |  |  |
| **CORPORATE BONDS & NOTES 0.7%**  |  |  |
| **Banco Davivienda SA** <br>8.125% due 07/02/2035 •(k) | $400 | 406 |
| **Ecopetrol SA**  |  |  |
| 6.875% due 04/29/2030  | 200 | 200 |
| 7.750% due 02/01/2032  | 200 | 202 |
| 8.375% due 01/19/2036  | 600 | 609 |
|  |  | 1417 |
| **SOVEREIGN ISSUES 1.8%**  |  |  |
| **Colombia Government International Bonds**  |  |  |
| 3.250% due 04/22/2032  | 800 | 669 |
| 5.000% due 06/15/2045  | 690 | 497 |
| 5.750% due 11/26/2034  | 400 | 437 |
| 6.125% due 01/21/2031  | $400 | 394 |
| 6.125% due 01/18/2041 (m)  | 200 | 174 |
| 6.500% due 01/21/2033  | 400 | 392 |
| 6.500% due 11/26/2038  | 200 | 220 |
| 7.375% due 04/25/2030  | $200 | 208 |
| 7.500% due 02/02/2034  | 300 | 307 |
| 8.000% due 11/14/2035  | 234 | 246 |
|  |  | 3544 |
| Total Colombia (Cost $5,077) |  | 4961 |
| **CONGO 0.1%**  |  |  |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **Congolese International Bonds** <br>9.875% due 11/07/2032 (l) | $300 | 282 |
| Total Congo (Cost $285) |  | 282 |
| **COSTA RICA 0.6%**  |  |  |
| **SOVEREIGN ISSUES 0.6%**  |  |  |
| **Costa Rica Government International Bonds**  |  |  |
| 5.500% due 11/21/2030  | 500 | 592 |
| 6.001% due 01/16/2036  | 500 | 595 |
| Total Costa Rica (Cost $1,172) |  | 1187 |
| **CZECH REPUBLIC 0.2%**  |  |  |
| **CORPORATE BONDS & NOTES 0.2%**  |  |  |
| **Czechoslovak Group AS** <br>5.250% due 01/10/2031 | 100 | 119 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Bond Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **EPH Financing International AS** <br>6.651% due 11/13/2028 | 300 | 367 |
| Total Czech Republic (Cost $450) |  | 486 |
| **DOMINICAN REPUBLIC 2.4%**  |  |  |
| **SOVEREIGN ISSUES 2.4%**  |  |  |
| **Dominican Republic International Bonds**  |  |  |
| 4.875% due 09/23/2032  | $700 | 647 |
| 5.500% due 02/22/2029  | 200 | 199 |
| 5.875% due 10/28/2035  | 400 | 381 |
| 5.875% due 01/30/2060  | 600 | 503 |
| 6.000% due 07/19/2028  | 200 | 202 |
| 6.000% due 02/22/2033  | 500 | 489 |
| 6.500% due 02/15/2048  | 300 | 282 |
| 6.600% due 06/01/2036  | 150 | 150 |
| 6.950% due 03/15/2037  | 400 | 408 |
| 7.150% due 02/24/2055  | 200 | 203 |
| 8.625% due 04/20/2027  | 200 | 203 |
| 10.500% due 03/15/2037  | 8000 | 137 |
| 10.750% due 06/01/2036  | 20100 | 349 |
| 11.250% due 09/15/2035  | 12800 | 229 |
| 13.625% due 02/10/2034  | 23800 | 488 |
| Total Dominican Republic (Cost $5,039) |  | 4870 |
| **ECUADOR 1.4%**  |  |  |
| **SOVEREIGN ISSUES 1.4%**  |  |  |
| **Ecuador Government International Bonds**  |  |  |
| 0.000% due 07/31/2030 (f)  | $674 | 565 |
| 5.000% due 07/31/2040 þ  | 495 | 386 |
| 6.900% due 07/31/2035 þ  | 1507 | 1325 |
| 8.750% due 01/29/2034  | 200 | 197 |
| 9.250% due 01/29/2039  | 200 | 197 |
| **Ecuador Social Bonds SARL** <br>0.000% due 01/30/2035 (f) | 37 | 28 |
| Total Ecuador (Cost $2,083) |  | 2698 |
| **EGYPT 1.9%**  |  |  |
| **SOVEREIGN ISSUES 1.9%**  |  |  |
| **Egypt Government Bonds** <br>19.698% due 10/14/2030 | 22800 | 411 |
| **Egypt Government International Bonds**  |  |  |
| 4.750% due 04/16/2026  | 300 | 346 |
| 6.375% due 04/11/2031  | 900 | 979 |
| 7.300% due 09/30/2033 (m)  | $300 | 280 |
| 7.625% due 05/29/2032  | 800 | 774 |
| 8.500% due 01/31/2047  | 200 | 173 |
| 8.875% due 05/29/2050  | 400 | 353 |
| 9.450% due 02/04/2033 (m)  | 500 | 527 |
| Total Egypt (Cost $3,283) |  | 3843 |
| **EL SALVADOR 0.7%**  |  |  |
| **CORPORATE BONDS & NOTES 0.3%**  |  |  |
| **Comision Ejecutiva Hidroelectrica del Rio Lempa** <br>8.650% due 01/24/2033 | $500 | 513 |
| **SOVEREIGN ISSUES 0.4%**  |  |  |
| **El Salvador Government International Bonds**  |  |  |
| 8.250% due 04/10/2032  | 30 | 31 |
| 9.250% due 04/17/2030  | 300 | 312 |
| 9.650% due 11/21/2054  | 500 | 532 |
|  |  | 875 |
| Total El Salvador (Cost $1,308) |  | 1388 |
| **GABON 0.1%**  |  |  |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **Gabon Government International Bonds** <br>9.500% due 02/18/2029 | $300 | 282 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Bond Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total Gabon (Cost $277) |  | 282 |
| **GERMANY 0.5%**  |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.5%**  |  |  |
| **Stepstone Group Midco 2 GmbH**<br>6.599% (EUR006M + 4.500%) due 04/26/2032 ~ | 1000 | 1015 |
| Total Germany (Cost $1,049) |  | 1015 |
| **GHANA 0.5%**  |  |  |
| **SOVEREIGN ISSUES 0.5%**  |  |  |
| **Ghana Government International Bonds**  |  |  |
| 0.000% due 07/03/2026 (f)  | $24 | 24 |
| 1.500% due 01/03/2037  | 700 | 367 |
| 5.000% due 07/03/2029 þ  | 720 | 688 |
| Total Ghana (Cost $983) |  | 1079 |
| **GUATEMALA 0.8%**  |  |  |
| **CORPORATE BONDS & NOTES 0.1%**  |  |  |
| **Industrial Subordinated Trust 2 0** <br>6.550% due 04/15/2036 •  | $200 | 200 |
| **SOVEREIGN ISSUES 0.7%**  |  |  |
| **Guatemala Government Bonds**  |  |  |
| 4.375% due 06/05/2027  | 200 | 198 |
| 4.875% due 02/13/2028  | 200 | 199 |
| 6.050% due 08/06/2031  | 200 | 204 |
| 6.125% due 06/01/2050  | 300 | 286 |
| 6.250% due 08/15/2036  | 300 | 306 |
| 6.875% due 08/15/2055  | 200 | 208 |
|  |  | 1401 |
| Total Guatemala (Cost $1,587) |  | 1601 |
| **HONG KONG 0.3%**  |  |  |
| **CORPORATE BONDS & NOTES 0.3%**  |  |  |
| **Fortune Star BVI Ltd.**  |  |  |
| 3.950% due 10/02/2026  | 300 | 345 |
| 5.050% due 01/27/2027  | $300 | 291 |
| Total Hong Kong (Cost $598) |  | 636 |
| **HUNGARY 1.2%**  |  |  |
| **CORPORATE BONDS & NOTES 0.1%**  |  |  |
| **MVM Energetika Zrt** <br>7.500% due 06/09/2028 | $200 | 208 |
| **SOVEREIGN ISSUES 1.1%**  |  |  |
| **Hungary Government International Bonds**  |  |  |
| 2.125% due 09/22/2031  | 250 | 212 |
| 5.250% due 06/16/2029  | 500 | 502 |
| 5.500% due 06/16/2034  | 200 | 198 |
| 6.000% due 09/26/2035  | 200 | 203 |
| 6.750% due 09/25/2052  | 400 | 414 |
| 7.625% due 03/29/2041  | 100 | 113 |
| **MFB Magyar Fejlesztesi Bank Zrt** <br>6.500% due 06/29/2028 | 500 | 510 |
|  |  | 2152 |
| Total Hungary (Cost $2,337) |  | 2360 |
| **INDIA 0.5%**  |  |  |
| **CORPORATE BONDS & NOTES 0.3%**  |  |  |
| **Adani Transmission Step-One Ltd.** <br>4.250% due 05/21/2036 | $133 | 116 |
| **IIFL Finance Ltd.** <br>8.750% due 07/24/2028 | 300 | 304 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Bond Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Muthoot Finance Ltd.** <br>5.750% due 08/04/2030 | 200 | 192 |
|  |  | 612 |
| **SOVEREIGN ISSUES 0.2%**  |  |  |
| **Export-Import Bank of India** <br>3.250% due 01/15/2030 | 500 | 476 |
| Total India (Cost $1,132) |  | 1088 |
| **INDONESIA 3.5%**  |  |  |
| **CORPORATE BONDS & NOTES 2.8%**  |  |  |
| **Freeport Indonesia PT** <br>5.315% due 04/14/2032 | $400 | 398 |
| **Indonesia Asahan Aluminium PT/Mineral Industri Indonesia Persero PT** <br>5.450% due 05/15/2030 | 800 | 810 |
| **Pertamina Hulu Energi PT** <br>5.250% due 05/21/2030 | 500 | 502 |
| **Pertamina Persero PT**  |  |  |
| 6.000% due 05/03/2042  | 500 | 482 |
| 6.450% due 05/30/2044  | 1500 | 1513 |
| **Perusahaan Perseroan Persero PT Perusahaan Listrik Negara**  |  |  |
| 4.000% due 06/30/2050  | 800 | 548 |
| 4.375% due 02/05/2050  | 200 | 148 |
| 4.750% due 02/03/2031  | 200 | 194 |
| 5.250% due 05/15/2047  | 400 | 347 |
| 5.450% due 02/03/2036  | 200 | 191 |
| 6.250% due 01/25/2049  | 400 | 387 |
|  |  | 5520 |
| **SOVEREIGN ISSUES 0.7%**  |  |  |
| **Indonesia Government International Bonds**  |  |  |
| 3.875% due 01/15/2033  | 300 | 338 |
| 4.125% due 01/15/2037  | 300 | 327 |
| 4.460% due 03/04/2038  | 400 | 439 |
| 5.650% due 01/11/2053  | $200 | 192 |
| **Perusahaan Penerbit SBSN Indonesia III** <br>5.650% due 11/25/2054 | 200 | 192 |
|  |  | 1488 |
| Total Indonesia (Cost $7,533) |  | 7008 |
| **IRELAND 1.1%**  |  |  |
| **CORPORATE BONDS & NOTES 0.1%**  |  |  |
| **CIMA Finance DAC** <br>2.950% due 09/05/2029 | $253 | 237 |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.5%**  |  |  |
| **Panama Government International Bonds**<br>3.886% (EUR006M + 1.750%) due 03/05/2027 «~ | 900 | 1041 |
| **SOVEREIGN ISSUES 0.5%**  |  |  |
| **Avenir Issuer III Ireland DAC** <br>6.000% due 03/22/2027 | $133 | 131 |
| **Republic of Angola Via Avenir Issuer II Ireland DAC** <br>6.927% due 02/19/2027 | 461 | 453 |
| **Republic of Angola Via Avenir Issuer IV Ireland DAC** <br>6.000% due 12/30/2027 | 427 | 415 |
|  |  | 999 |
| Total Ireland (Cost $2,207) |  | 2277 |
| **ISLE OF MAN 0.1%**  |  |  |
| **CORPORATE BONDS & NOTES 0.1%**  |  |  |
| **AngloGold Ashanti Holdings PLC** <br>6.500% due 04/15/2040 | $100 | 106 |
| Total Isle of Man (Cost $103) |  | 106 |
| **ISRAEL 0.5%**  |  |  |
| **CORPORATE BONDS & NOTES 0.4%**  |  |  |
| **Bank Hapoalim BM** <br>5.252% due 01/14/2033 | $300 | 296 |
| **ICL Group Ltd.** <br>6.375% due 05/31/2038 | 200 | 205 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Bond Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Israel Electric Corp. Ltd.** <br>5.633% due 01/28/2038 | 200 | 198 |
|  |  | 699 |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **Israel Government International Bonds** <br>5.375% due 03/12/2029 | 100 | 102 |
| Total Israel (Cost $783) |  | 801 |
| **ITALY 0.1%**  |  |  |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **Cassa Depositi e Prestiti SpA** <br>5.875% due 04/30/2029 | $200 | 209 |
| Total Italy (Cost $199) |  | 209 |
| **IVORY COAST 1.5%**  |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.6%**  |  |  |
| **Republic of Cote d'Ivoire**<br>5.185% (EUR006M + 3.050%) due 03/05/2027 «~ | 1000 | 1162 |
| **SOVEREIGN ISSUES 0.9%**  |  |  |
| **Ivory Coast Government International Bonds**  |  |  |
| 4.875% due 01/30/2032  | 349 | 376 |
| 5.250% due 03/22/2030  | 263 | 300 |
| 5.750% due 12/31/2032 þ  | $417 | 409 |
| 6.625% due 03/22/2048  | 400 | 400 |
| 8.250% due 01/30/2037  | $200 | 206 |
|  |  | 1691 |
| Total Ivory Coast (Cost $2,746) |  | 2853 |
| **JAMAICA 0.1%**  |  |  |
| **CORPORATE BONDS & NOTES 0.1%**  |  |  |
| **TransJamaican Highway Ltd.** <br>5.750% due 10/10/2036 | $165 | 152 |
| Total Jamaica (Cost $165) |  | 152 |
| **JERSEY, CHANNEL ISLANDS 0.1%**  |  |  |
| **CORPORATE BONDS & NOTES 0.1%**  |  |  |
| **GSG Bidco Ltd.**  |  |  |
| 4.700% due 06/15/2031  | 100 | 114 |
| 5.375% due 06/15/2036  | 100 | 115 |
| Total Jersey, Channel Islands (Cost $236) |  | 229 |
| **JORDAN 0.4%**  |  |  |
| **SOVEREIGN ISSUES 0.4%**  |  |  |
| **Jordan Government International Bonds**  |  |  |
| 5.750% due 01/31/2027  | $200 | 200 |
| 7.375% due 10/10/2047  | 300 | 282 |
| 7.500% due 01/13/2029  | 200 | 206 |
| 7.750% due 01/15/2028  | 200 | 204 |
| Total Jordan (Cost $919) |  | 892 |
| **KAZAKHSTAN 0.5%**  |  |  |
| **CORPORATE BONDS & NOTES 0.3%**  |  |  |
| **KazMunayGas National Co. JSC** <br>5.750% due 04/19/2047 | $220 | 205 |
| **Tengizchevroil Finance Co. International Ltd.** <br>3.250% due 08/15/2030 | 400 | 370 |
|  |  | 575 |
| **SOVEREIGN ISSUES 0.2%**  |  |  |
| **Development Bank of Kazakhstan JSC** <br>18.400% due 10/16/2028 | 182000 | 391 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Bond Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total Kazakhstan (Cost $897) |  | 966 |
| **KENYA 0.7%**  |  |  |
| **SOVEREIGN ISSUES 0.7%**  |  |  |
| **Republic of Kenya Government International Bonds**  |  |  |
| 7.875% due 10/09/2033  | $300 | 279 |
| 8.800% due 10/09/2038  | 300 | 276 |
| 9.500% due 03/05/2036  | 200 | 196 |
| 9.750% due 02/16/2031  | 600 | 617 |
| Total Kenya (Cost $1,373) |  | 1368 |
| **KUWAIT 0.5%**  |  |  |
| **SOVEREIGN ISSUES 0.5%**  |  |  |
| **Kuwait International Government Bonds** <br>4.652% due 10/09/2035 | $1000 | 962 |
| Total Kuwait (Cost $1,000) |  | 962 |
| **LATVIA 0.3%**  |  |  |
| **SOVEREIGN ISSUES 0.3%**  |  |  |
| **Latvia Government International Bonds** <br>5.125% due 07/30/2034 | $500 | 505 |
| Total Latvia (Cost $496) |  | 505 |
| **LEBANON 0.1%**  |  |  |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **Lebanon Government International Bonds**  |  |  |
| 6.600% due 11/27/2026 ^(c)  | $200 | 48 |
| 6.850% due 03/23/2027 ^(c)  | 200 | 48 |
| 8.250% due 05/17/2034 ^(c)  | 300 | 72 |
| 8.250% due 04/12/2049 ^(c)  | 400 | 97 |
| Total Lebanon (Cost $192) |  | 265 |
| **LUXEMBOURG 3.1%**  |  |  |
|  | SHARES |  |
| **COMMON STOCKS 0.1%**  |  |  |
| **Foresea Holdings SA «** | 9903 | 228 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **CORPORATE BONDS & NOTES 1.7%**  |  |  |
| **Chile Electricity Lux MPC II SARL**  |  |  |
| 5.580% due 10/20/2035  | $391 | 393 |
| 5.672% due 10/20/2035  | 194 | 196 |
| **FORESEA Holding SA** <br>7.500% due 06/15/2030 | 123 | 121 |
| **Greensaif Pipelines Bidco SARL**  |  |  |
| 5.853% due 02/23/2036  | 300 | 302 |
| 6.103% due 08/23/2042  | 300 | 299 |
| 6.129% due 02/23/2038  | 300 | 304 |
| 6.510% due 02/23/2042  | 300 | 311 |
| **MHP Lux SA** <br>10.500% due 07/28/2029 | 200 | 202 |
| **Poinsettia Finance Ltd. SARL** <br>6.625% due 06/17/2031 | 493 | 482 |
| **PRIO Luxembourg Holding SARL** <br>6.750% due 10/15/2030 | 400 | 390 |
| **Saavi Energia SARL** <br>8.875% due 02/10/2035 | 300 | 315 |
|  |  | 3315 |
| **SOVEREIGN ISSUES 1.3%**  |  |  |
| **Eagle Funding Luxco SARL** <br>5.500% due 08/17/2030 | 2500 | 2516 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Bond Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total Luxembourg (Cost $5,887) |  | 6059 |
| **MACEDONIA 0.5%**  |  |  |
| **SOVEREIGN ISSUES 0.5%**  |  |  |
| **North Macedonia Government International Bonds**  |  |  |
| 4.750% due 01/21/2034  | 300 | 330 |
| 6.960% due 03/13/2027  | 500 | 588 |
| Total Macedonia (Cost $876) |  | 918 |
| **MALAYSIA 0.4%**  |  |  |
| **CORPORATE BONDS & NOTES 0.3%**  |  |  |
| **Petronas Capital Ltd.**  |  |  |
| 3.404% due 04/28/2061  | $300 | 197 |
| 4.800% due 04/21/2060  | 300 | 262 |
| 5.848% due 04/03/2055  | 200 | 205 |
|  |  | 664 |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **Export-Import Bank of Malaysia Bhd.** <br>4.250% due 06/06/2029 | 300 | 294 |
| Total Malaysia (Cost $1,072) |  | 958 |
| **MEXICO 6.7%**  |  |  |
|  | SHARES |  |
| **COMMON STOCKS 0.0%**  |  |  |
| **Desarrolladora Homex SAB de CV «(d)** | 17978 | 0 |
| **Hipotecaria Su Casita SA «(d)** | 5259 | 0 |
|  |  | 0 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **CORPORATE BONDS & NOTES 3.3%**  |  |  |
| **Banco Mercantil del Norte SA** <br>6.625% due 01/24/2032 •(j)(k) | $400 | 382 |
| **Comision Federal de Electricidad**  |  |  |
| 6.264% due 02/15/2052  | 200 | 176 |
| 6.500% due 01/28/2051  | 200 | 193 |
| **FIEMEX Energia - Banco Actinver SA Institucion de Banca Multiple** <br>7.250% due 01/31/2041 | 198 | 199 |
| **Industrias Penoles SAB de CV** <br>4.750% due 08/06/2050 | 200 | 162 |
| **Petroleos Mexicanos**  |  |  |
| 6.625% due 06/15/2038  | 400 | 360 |
| 6.750% due 09/21/2047  | 460 | 367 |
| 6.950% due 01/28/2060  | 1400 | 1104 |
| 7.690% due 01/23/2050  | 4300 | 3726 |
|  |  | 6669 |
| **SOVEREIGN ISSUES 3.4%**  |  |  |
| **Mexico Government International Bonds**  |  |  |
| 3.750% due 04/19/2071  | 500 | 290 |
| 3.771% due 05/24/2061  | 2044 | 1227 |
| 5.000% due 04/27/2051 (m)  | 900 | 706 |
| 5.125% due 03/19/2038  | 200 | 223 |
| 5.375% due 03/22/2033  | $300 | 294 |
| 5.625% due 02/09/2034  | 300 | 294 |
| 5.625% due 09/22/2035  | 300 | 291 |
| 5.750% due 10/12/2110  | 1200 | 979 |
| 5.850% due 07/02/2032  | 300 | 301 |
| 6.125% due 02/09/2038  | 300 | 293 |
| 6.400% due 05/07/2054  | 200 | 188 |
| 6.625% due 01/29/2038  | 300 | 306 |
| 6.750% due 02/09/2056  | 300 | 292 |
| 6.875% due 05/13/2037  | 400 | 420 |
| 7.375% due 05/13/2055  | 700 | 737 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Bond Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Mexico Udibonos** <br>3.000% due 12/03/2026 (i) | 264 | 15 |
|  |  | 6856 |
| Total Mexico (Cost $16,041) |  | 13525 |
| **MONGOLIA 0.2%**  |  |  |
| **SOVEREIGN ISSUES 0.2%**  |  |  |
| **Mongolia Government International Bonds**  |  |  |
| 5.950% due 03/09/2032  | $200 | 197 |
| 7.875% due 06/05/2029  | 200 | 209 |
| Total Mongolia (Cost $399) |  | 406 |
| **MOROCCO 0.4%**  |  |  |
| **CORPORATE BONDS & NOTES 0.3%**  |  |  |
| **OCP SA**  |  |  |
| 5.125% due 06/23/2051  | $500 | 391 |
| 6.700% due 03/01/2036  | 200 | 206 |
|  |  | 597 |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **Morocco Government International Bonds** <br>4.000% due 12/15/2050 | 200 | 138 |
| Total Morocco (Cost $851) |  | 735 |
| **NETHERLANDS 1.4%**  |  |  |
|  | SHARES |  |
| **COMMON STOCKS 0.0%**  |  |  |
| **Stichting Administratiekantoor «(d)** | 1222 | 0 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **CORPORATE BONDS & NOTES 1.4%**  |  |  |
| **Ardshinbank CJSC Via Dilijan Finance BV** <br>6.600% due 01/22/2031 | $200 | 197 |
| **Metinvest BV** <br>8.500% due 04/23/2026 | 400 | 392 |
| **Mong Duong Finance Holdings BV** <br>5.125% due 05/07/2029 | 232 | 228 |
| **NE Property BV** <br>1.875% due 10/09/2026 | 400 | 460 |
| **Prosus NV**  |  |  |
| 1.539% due 08/03/2028  | 200 | 221 |
| 2.031% due 08/03/2032  | 100 | 102 |
| 3.257% due 01/19/2027  | $200 | 197 |
| 3.680% due 01/21/2030  | 200 | 190 |
| 4.027% due 08/03/2050  | 200 | 134 |
| **Unigel Netherlands Holding Corp. BV (15.000% Cash or 15.000% PIK)** <br>15.000% due 12/31/2044 ^(b)(c) | 263 | 5 |
| **Yinson Bergenia Production BV** <br>8.498% due 01/31/2045 | 395 | 418 |
| **Yinson Boronia Production BV** <br>8.947% due 07/31/2042 | 291 | 318 |
|  |  | 2862 |
| Total Netherlands (Cost $2,968) |  | 2862 |
| **NIGERIA 1.9%**  |  |  |
| **CORPORATE BONDS & NOTES 0.4%**  |  |  |
| **BOI Finance BV** <br>7.500% due 02/16/2027 | 600 | 708 |
| **SOVEREIGN ISSUES 1.5%**  |  |  |
| **Nigeria Government International Bonds**  |  |  |
| 6.500% due 11/28/2027  | $600 | 603 |
| 7.375% due 09/28/2033  | 200 | 196 |
| 7.875% due 02/16/2032  | 400 | 406 |
| 8.631% due 01/13/2036  | 400 | 417 |
| 8.747% due 01/21/2031  | 200 | 212 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Bond Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 9.130% due 01/13/2046  | 600 | 627 |
| 9.625% due 06/09/2031  | 200 | 219 |
| 10.375% due 12/09/2034  | 300 | 344 |
|  |  | 3024 |
| Total Nigeria (Cost $3,564) |  | 3732 |
| **OMAN 1.0%**  |  |  |
| **SOVEREIGN ISSUES 1.0%**  |  |  |
| **Oman Government International Bonds**  |  |  |
| 5.625% due 01/17/2028  | $600 | 608 |
| 6.000% due 08/01/2029  | 600 | 618 |
| 6.500% due 03/08/2047  | 300 | 308 |
| 7.000% due 01/25/2051  | 500 | 541 |
| Total Oman (Cost $1,952) |  | 2075 |
| **PAKISTAN 0.7%**  |  |  |
| **SOVEREIGN ISSUES 0.7%**  |  |  |
| **Pakistan Government International Bonds**  |  |  |
| 6.000% due 04/08/2026  | $700 | 700 |
| 6.875% due 12/05/2027  | 400 | 396 |
| 8.875% due 04/08/2051  | 300 | 268 |
| Total Pakistan (Cost $1,397) |  | 1364 |
| **PANAMA 0.9%**  |  |  |
| **CORPORATE BONDS & NOTES 0.3%**  |  |  |
| **Aeropuerto Internacional de Tocumen SA** <br>5.125% due 08/11/2061 | $300 | 241 |
| **Banco General SA** <br>5.250% due 05/07/2031 •(j)(k) | 400 | 377 |
|  |  | 618 |
| **SOVEREIGN ISSUES 0.6%**  |  |  |
| **Panama Government International Bonds**  |  |  |
| 4.500% due 01/19/2063  | 300 | 220 |
| 5.227% due 02/23/2034  | 300 | 290 |
| 5.662% due 02/23/2038  | 200 | 192 |
| 6.853% due 03/28/2054  | 200 | 206 |
| 7.875% due 03/01/2057  | 200 | 233 |
|  |  | 1141 |
| Total Panama (Cost $1,870) |  | 1759 |
| **PARAGUAY 0.7%**  |  |  |
| **SOVEREIGN ISSUES 0.7%**  |  |  |
| **Paraguay Government International Bonds**  |  |  |
| 6.100% due 08/11/2044  | $200 | 200 |
| 6.650% due 03/04/2055  | 400 | 416 |
| 7.900% due 02/09/2031  | 3116000 | 472 |
| 8.500% due 03/04/2035  | 1502000 | 230 |
| 8.500% due 04/04/2038  | 129000 | 19 |
| Total Paraguay (Cost $1,255) |  | 1337 |
| **PERU 2.7%**  |  |  |
| **CORPORATE BONDS & NOTES 1.9%**  |  |  |
| **Banco de Credito del Peru SA** <br>5.850% due 01/11/2029 | $500 | 516 |
| **Credicorp Capital Sociedad Titulizadora SA**  |  |  |
| 9.700% due 03/05/2045  | 2200 | 672 |
| 10.100% due 12/15/2043  | 1700 | 530 |
| **InRetail Consumer** <br>3.250% due 03/22/2028 | $500 | 481 |
| **InRetail Shopping Malls** <br>5.650% due 10/16/2032 | 200 | 195 |
| **Kallpa Generacion SA** <br>5.875% due 01/30/2032 | 200 | 205 |
| **Petroleos del Peru SA**  |  |  |
| 4.750% due 06/19/2032  | 600 | 476 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Bond Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.625% due 06/19/2047  | 1000 | 703 |
|  |  | 3778 |
| **SOVEREIGN ISSUES 0.8%**  |  |  |
| **Fondo MIVIVIENDA SA** <br>5.400% due 03/31/2031 | 200 | 200 |
| **Peru Government International Bonds**  |  |  |
| 3.230% due 07/28/2121  | 200 | 107 |
| 3.300% due 03/11/2041  | 200 | 151 |
| 5.500% due 03/30/2036  | 300 | 299 |
| 5.875% due 08/08/2054 (m)  | 370 | 358 |
| 6.200% due 06/30/2055  | 300 | 302 |
| 6.900% due 08/12/2037  | 200 | 57 |
| 6.950% due 08/12/2031  | 561 | 175 |
|  |  | 1649 |
| Total Peru (Cost $5,561) |  | 5427 |
| **PHILIPPINES 0.8%**  |  |  |
| **CORPORATE BONDS & NOTES 0.2%**  |  |  |
| **San Miguel Global Power Holdings Corp.** <br>8.125% due 12/02/2029 •(j) | $500 | 487 |
| **SOVEREIGN ISSUES 0.6%**  |  |  |
| **Philippines Government International Bonds**  |  |  |
| 2.650% due 12/10/2045  | 200 | 126 |
| 2.950% due 05/05/2045  | 400 | 268 |
| 3.700% due 03/01/2041  | 1000 | 802 |
|  |  | 1196 |
| Total Philippines (Cost $2,217) |  | 1683 |
| **POLAND 0.8%**  |  |  |
| **CORPORATE BONDS & NOTES 0.1%**  |  |  |
| **ORLEN SA** <br>6.000% due 01/30/2035 | $200 | 204 |
| **SOVEREIGN ISSUES 0.7%**  |  |  |
| **Bank Gospodarstwa Krajowego** <br>6.250% due 07/09/2054 | 400 | 396 |
| **Republic of Poland Government International Bonds**  |  |  |
| 5.500% due 04/04/2053  | 650 | 604 |
| 5.500% due 03/18/2054  | 400 | 371 |
|  |  | 1371 |
| Total Poland (Cost $1,632) |  | 1575 |
| **QATAR 0.4%**  |  |  |
| **CORPORATE BONDS & NOTES 0.4%**  |  |  |
| **Nakilat, Inc.** <br>6.067% due 12/31/2033 | $70 | 70 |
| **QatarEnergy** <br>3.300% due 07/12/2051 | 1000 | 648 |
| Total Qatar (Cost $920) |  | 718 |
| **ROMANIA 1.9%**  |  |  |
| **SOVEREIGN ISSUES 1.9%**  |  |  |
| **Romania Government International Bonds**  |  |  |
| 2.625% due 12/02/2040  | 300 | 217 |
| 2.875% due 04/13/2042  | 400 | 290 |
| 3.000% due 02/27/2027  | $1100 | 1080 |
| 3.500% due 04/03/2034  | 200 | 197 |
| 5.250% due 05/30/2032  | 100 | 114 |
| 5.375% due 06/07/2033  | 400 | 451 |
| 5.625% due 05/30/2037  | 500 | 544 |
| 5.750% due 09/16/2030  | $400 | 399 |
| 6.125% due 10/07/2037  | 100 | 112 |
| 6.500% due 10/07/2045  | 100 | 111 |
| 6.750% due 07/11/2039  | 300 | 347 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Bond Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total Romania (Cost $4,229) |  | 3862 |
| **RUSSIA 0.1%**  |  |  |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **Russia Foreign Bonds - Eurobond** <br>5.625% due 04/04/2042 | $300 | 210 |
| Total Russia (Cost $294) |  | 210 |
| **SAUDI ARABIA 2.5%**  |  |  |
| **CORPORATE BONDS & NOTES 1.2%**  |  |  |
| **Saudi Arabian Oil Co.**  |  |  |
| 3.500% due 11/24/2070  | $300 | 179 |
| 4.250% due 04/16/2039  | 1000 | 862 |
| 5.250% due 07/17/2034  | 400 | 399 |
| 5.875% due 07/17/2064  | 400 | 365 |
| 6.375% due 06/02/2055  | 500 | 498 |
|  |  | 2303 |
| **SOVEREIGN ISSUES 1.3%**  |  |  |
| **Saudi Government International Bonds**  |  |  |
| 3.450% due 02/02/2061  | 200 | 124 |
| 3.750% due 01/21/2055  | 400 | 272 |
| 4.500% due 10/26/2046 (m)  | 2500 | 2036 |
| 5.625% due 01/13/2035  | 200 | 207 |
|  |  | 2639 |
| Total Saudi Arabia (Cost $5,857) |  | 4942 |
| **SENEGAL 0.6%**  |  |  |
| **SOVEREIGN ISSUES 0.6%**  |  |  |
| **Senegal Government International Bonds**  |  |  |
| 4.750% due 03/13/2028  | 200 | 145 |
| 5.375% due 06/08/2037  | 200 | 117 |
| 6.250% due 05/23/2033  | $800 | 428 |
| 7.750% due 06/10/2031  | 800 | 463 |
| Total Senegal (Cost $1,830) |  | 1153 |
| **SERBIA 0.4%**  |  |  |
| **SOVEREIGN ISSUES 0.4%**  |  |  |
| **Serbia International Bonds**  |  |  |
| 1.650% due 03/03/2033  | 500 | 471 |
| 6.000% due 06/12/2034  | $400 | 401 |
| Total Serbia (Cost $990) |  | 872 |
| **SINGAPORE 0.2%**  |  |  |
| **CORPORATE BONDS & NOTES 0.2%**  |  |  |
| **Flex Ltd.** <br>4.875% due 06/15/2029 | $100 | 101 |
| **Yinson Production Financial Services Pte. Ltd.** <br>9.625% due 05/03/2029 | 200 | 209 |
| Total Singapore (Cost $300) |  | 310 |
| **SLOVENIA 0.4%**  |  |  |
| **SOVEREIGN ISSUES 0.4%**  |  |  |
| **Slovenia Government International Bonds** <br>5.000% due 09/19/2033 | $700 | 724 |
| Total Slovenia (Cost $696) |  | 724 |
| **SOUTH AFRICA 3.2%**  |  |  |
| **CORPORATE BONDS & NOTES 0.5%**  |  |  |
| **Eskom Holdings** <br>8.450% due 08/10/2028 | $500 | 524 |
| **Sasol Financing USA LLC**  |  |  |
| 8.750% due 05/03/2029  | 300 | 313 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Bond Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 8.750% due 04/10/2033 (a)  | 200 | 200 |
|  |  | 1037 |
| **SOVEREIGN ISSUES 2.7%**  |  |  |
| **Republic of South Africa Government Bonds**  |  |  |
| 8.500% due 01/31/2037  | 32300 | 1784 |
| 8.875% due 02/28/2035  | 25800 | 1499 |
| 9.000% due 01/31/2040  | 700 | 39 |
| **Republic of South Africa Government International Bonds**  |  |  |
| 4.850% due 09/30/2029  | $400 | 393 |
| 5.000% due 10/12/2046  | 300 | 216 |
| 5.750% due 09/30/2049  | 600 | 465 |
| 5.875% due 04/20/2032 (m)  | 200 | 199 |
| 7.250% due 12/11/2055  | 200 | 183 |
| 7.300% due 04/20/2052  | 300 | 277 |
| 7.950% due 11/19/2054  | 300 | 297 |
|  |  | 5352 |
| Total South Africa (Cost $6,543) |  | 6389 |
| **SOUTH KOREA 0.1%**  |  |  |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **Korea Gas Corp.** <br>3.500% due 10/21/2029 | $200 | 192 |
| Total South Korea (Cost $194) |  | 192 |
| **SPAIN 0.1%**  |  |  |
| **CORPORATE BONDS & NOTES 0.1%**  |  |  |
| **EnfraGen Energia Sur SAU/EnfraGen Chile SpA/EnfraGen Spain SAU** <br>8.499% due 06/30/2032 | $200 | 202 |
| Total Spain (Cost $200) |  | 202 |
| **SRI LANKA 0.6%**  |  |  |
| **SOVEREIGN ISSUES 0.6%**  |  |  |
| **Sri Lanka Government International Bonds**  |  |  |
| 3.100% due 01/15/2030 þ  | $259 | 238 |
| 3.350% due 03/15/2033 þ  | 308 | 258 |
| 3.600% due 06/15/2035 þ  | 43 | 33 |
| 3.600% due 05/15/2036 þ  | 238 | 213 |
| 3.600% due 02/15/2038 þ  | 276 | 245 |
| 4.000% due 04/15/2028  | 248 | 237 |
| Total Sri Lanka (Cost $1,069) |  | 1224 |
| **SUPRANATIONAL 0.7%**  |  |  |
| **CORPORATE BONDS & NOTES 0.7%**  |  |  |
| **African Development Bank** <br>5.875% due 05/07/2035 •(j)(k) | $500 | 486 |
| **African Export-Import Bank** <br>2.634% due 05/17/2026 | 600 | 598 |
| **Banque Ouest Africaine de Developpement** <br>6.250% due 10/14/2040 | 300 | 328 |
| Total Supranational (Cost $1,449) |  | 1412 |
| **SURINAME 0.2%**  |  |  |
| **SOVEREIGN ISSUES 0.2%**  |  |  |
| **Suriname Government International Bonds** <br>7.700% due 11/06/2030 | $300 | 304 |
| Total Suriname (Cost $297) |  | 304 |
| **THAILAND 0.5%**  |  |  |
| **CORPORATE BONDS & NOTES 0.5%**  |  |  |
| **Bangkok Bank PCL** <br>5.082% due 11/26/2035 | $400 | 392 |
| **GC Treasury Center Co. Ltd.**  |  |  |
| 6.500% due 09/10/2030 •(j)  | 200 | 195 |
| 7.125% due 03/10/2035 •(j)  | 200 | 195 |
| **Thaioil Treasury Center Co. Ltd.** <br>6.100% due 01/15/2031 •(j) | 200 | 193 |

---

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<br> Schedule of Investments PIMCO Emerging Markets Bond Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total Thailand (Cost $1,000) |  | 975 |
| **TRINIDAD AND TOBAGO 0.4%**  |  |  |
| **CORPORATE BONDS & NOTES 0.2%**  |  |  |
| **National Gas Co. of Trinidad & Tobago Ltd.** <br>6.050% due 01/15/2036 | $200 | 184 |
| **Trinidad Generation UnLtd.** <br>7.750% due 06/16/2033 | 200 | 209 |
|  |  | 393 |
| **SOVEREIGN ISSUES 0.2%**  |  |  |
| **Trinidad & Tobago Government International Bonds** <br>5.950% due 01/14/2031 | 300 | 303 |
| Total Trinidad and Tobago (Cost $679) |  | 696 |
| **TURKEY 5.7%**  |  |  |
| **CORPORATE BONDS & NOTES 0.4%**  |  |  |
| **Turkcell Iletisim Hizmetleri AS** <br>7.450% due 01/24/2030 | $400 | 406 |
| **Turkish Airlines Pass-Through Trust** <br>4.200% due 09/15/2028 | 186 | 183 |
| **Turkiye Vakiflar Bankasi TAO** <br>7.250% due 07/31/2030 | 300 | 299 |
|  |  | 888 |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 1.2%**  |  |  |
| **SOCAR Turkey Enerji AS**<br>5.558% (EUR006M + 3.450%) due 08/11/2026 «~ | 1000 | 1159 |
| **Turkiye Vakiflar Bankasi TAO**<br>5.150% (EUR003M + 3.000%) due 12/15/2028 «~ | 1000 | 1151 |
|  |  | 2310 |
| **SOVEREIGN ISSUES 4.1%**  |  |  |
| **Hazine Mustesarligi Varlik Kiralama AS** <br>6.750% due 09/01/2030 | $400 | 401 |
| **Turkiye Government Bonds**  |  |  |
| 39.740% (BISTREFI) due 05/20/2026 ~  | 1400 | 31 |
| 39.740% (BISTREFI) due 08/19/2026 ~  | 3300 | 74 |
| 39.740% (BISTREFI) due 05/17/2028 ~  | 32200 | 722 |
| 40.143% (BISTREFI) due 06/16/2027 ~  | 19400 | 437 |
| **Turkiye Government International Bonds**  |  |  |
| 4.875% due 04/16/2043  | $700 | 493 |
| 5.750% due 05/11/2047 (m)  | 1400 | 1049 |
| 5.875% due 06/26/2031  | 500 | 479 |
| 6.000% due 01/14/2041  | 600 | 499 |
| 6.500% due 01/03/2035 (m)  | 200 | 188 |
| 6.875% due 03/17/2036  | 1200 | 1151 |
| 7.125% due 02/12/2032  | 500 | 501 |
| 7.125% due 07/17/2032  | 200 | 199 |
| 7.625% due 05/15/2034  | 500 | 509 |
| 9.125% due 07/13/2030  | 700 | 765 |
| **Turkiye Ihracat Kredi Bankasi AS**  |  |  |
| 6.875% due 07/03/2028  | 200 | 203 |
| 7.500% due 02/06/2028  | 400 | 410 |
|  |  | 8111 |
| Total Turkey (Cost $12,112) |  | 11309 |
| **UKRAINE 0.9%**  |  |  |
| **SOVEREIGN ISSUES 0.9%**  |  |  |
| **Ukraine Government International Bonds**  |  |  |
| 0.000% due 02/01/2030 þ(h)  | $118 | 69 |
| 0.000% due 02/01/2034 þ(h)  | 440 | 189 |
| 0.000% due 02/01/2035 þ(h)  | 371 | 172 |
| 0.000% due 02/01/2036 þ(h)  | 153 | 71 |
| 4.000% due 02/01/2032 þ  | 161 | 117 |
| 4.500% due 02/01/2029 þ(m)  | 200 | 141 |
| 4.500% due 02/01/2034 þ  | 1038 | 556 |
| 4.500% due 02/01/2035 þ  | 401 | 211 |
| 4.500% due 02/01/2036 þ  | 337 | 174 |

---

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<br> Schedule of Investments PIMCO Emerging Markets Bond Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total Ukraine (Cost $1,605) |  | 1700 |
| **UNITED ARAB EMIRATES 2.1%**  |  |  |
| **CORPORATE BONDS & NOTES 1.7%**  |  |  |
| **Abu Dhabi Developmental Holding Co. PJSC**  |  |  |
| 5.250% due 10/02/2054  | $400 | 355 |
| 5.375% due 05/08/2029  | 200 | 204 |
| 5.500% due 05/08/2034  | 200 | 203 |
| **Adnoc Murban Rsc Ltd.** <br>5.125% due 09/11/2054 | 1000 | 862 |
| **DAE Sukuk Difc Ltd.** <br>4.500% due 10/16/2030 | 400 | 382 |
| **DP World Ltd.** <br>6.850% due 07/02/2037 | 400 | 424 |
| **MDGH GMTN RSC Ltd.** <br>5.084% due 05/22/2053 | 200 | 176 |
| **NBK SPC Ltd.** <br>1.625% due 09/15/2027 •  | 700 | 690 |
|  |  | 3296 |
| **SOVEREIGN ISSUES 0.4%**  |  |  |
| **Abu Dhabi Government International Bonds**  |  |  |
| 3.875% due 04/16/2050  | 200 | 150 |
| 5.500% due 04/30/2054  | 400 | 384 |
| **Finance Department Government of Sharjah** <br>4.375% due 03/10/2051 | 400 | 266 |
|  |  | 800 |
| Total United Arab Emirates (Cost $4,255) |  | 4096 |
| **UNITED KINGDOM 2.2%**  |  |  |
| **CORPORATE BONDS & NOTES 2.0%**  |  |  |
| **Azule Energy Finance PLC** <br>8.250% due 01/22/2031 | $250 | 253 |
| **HSBC Holdings PLC**  |  |  |
| 4.041% due 03/13/2028 •  | 200 | 199 |
| 5.210% due 08/11/2028 •  | 200 | 202 |
| **ICBC Standard Bank PLC** <br>20.000% due 12/13/2029 « | 4612000 | 378 |
| **NAK Naftogaz Ukraine via Kondor Finance PLC** <br>7.125% due 07/19/2026 | 116 | 110 |
| **Panama Infrastructure Receivable Purchaser PLC** <br>0.000% due 04/05/2032 (f) | $2800 | 2192 |
| **Vedanta Resources Finance II PLC**  |  |  |
| 9.125% due 10/15/2032  | 400 | 403 |
| 9.475% due 07/24/2030  | 200 | 203 |
|  |  | 3940 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 0.2%**  |  |  |
| **Canada Square Funding 6 PLC** <br>4.594% due 01/17/2059 •  | 135 | 179 |
| **Rochester Financing No. 3 PLC** <br>4.445% due 12/18/2044 •  | 93 | 123 |
|  |  | 302 |
| Total United Kingdom (Cost $3,863) |  | 4242 |
| **UNITED STATES 6.8%**  |  |  |
| **ASSET-BACKED SECURITIES 1.4%**  |  |  |
| **C-BASS Trust** <br>3.084% due 01/25/2037 þ | $536 | 145 |
| **Countrywide Asset-Backed Certificates Trust**  |  |  |
| 4.273% due 02/25/2037 •  | 137 | 135 |
| 4.918% due 11/25/2035 •  | 213 | 212 |
| **Morgan Stanley ABS Capital I, Inc. Trust**  |  |  |
| 4.558% due 01/25/2035 •  | 69 | 69 |
| 4.588% due 03/25/2034 •  | 233 | 252 |
| **Park Place Securities, Inc. Asset-Backed Pass-Through Certificates** <br>4.573% due 09/25/2035 •  | 500 | 467 |
| **Soundview Home Loan Trust** <br>4.693% due 10/25/2037 •  | 103 | 82 |

---

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<br> Schedule of Investments PIMCO Emerging Markets Bond Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Wells Fargo Home Equity Asset-Backed Securities Trust** <br>4.433% due 03/25/2037 •  | 1500 | 1401 |
|  |  | 2763 |
| **CORPORATE BONDS & NOTES 1.3%**  |  |  |
| **Beignet Investor LLC** <br>6.581% due 05/30/2049 | 980 | 1008 |
| **Credit Suisse AG AT1 Claim** <br>1.000% due 12/31/2060 « | 200 | 70 |
| **DAE Funding LLC** <br>3.375% due 03/20/2028 | 200 | 193 |
| **Oracle Corp.**  |  |  |
| 5.700% due 02/04/2036  | 300 | 289 |
| 6.700% due 02/04/2056  | 300 | 279 |
| **Rio Oil Finance Trust**  |  |  |
| 8.200% due 04/06/2028  | 217 | 224 |
| 9.750% due 01/06/2027  | 151 | 154 |
| **Rutas 2 & 7 Finance Ltd.** <br>0.000% due 09/30/2036 (f) | 497 | 380 |
|  |  | 2597 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 1.1%**  |  |  |
| **BCAP LLC Trust** <br>4.077% due 05/26/2037 ~ | 456 | 412 |
| **Bear Stearns ARM Trust**  |  |  |
| 4.065% due 05/25/2047 ~  | 4 | 4 |
| **Benchmark Mortgage Trust** <br>3.666% due 01/15/2051 ~ | 1000 | 987 |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 4.451% due 09/25/2037 ~  | 9 | 9 |
| **CitiMortgage Alternative Loan Trust** <br>4.443% due 10/25/2036 •  | 59 | 47 |
| **Countrywide Alternative Loan Trust** <br>4.143% due 05/25/2036 •  | 111 | 40 |
| **GSR Mortgage Loan Trust** <br>4.478% due 01/25/2036 ~ | 1 | 1 |
| **IndyMac INDA Mortgage Loan Trust** <br>3.354% due 11/25/2037 ~ | 49 | 41 |
| **IndyMac INDX Mortgage Loan Trust**  |  |  |
| 4.153% due 02/25/2037 •  | 118 | 115 |
| 4.433% due 07/25/2045 •  | 59 | 44 |
| **Lehman XS Trust**  |  |  |
| 4.173% due 09/25/2046 •  | 86 | 79 |
| 4.293% due 08/25/2037 •  | 102 | 101 |
| **Morgan Stanley Mortgage Loan Trust** <br>5.634% due 06/25/2036 ~ | 1 | 1 |
| **STARM Mortgage Loan Trust** <br>4.506% due 10/25/2037 ~ | 28 | 25 |
| **WaMu Mortgage Pass-Through Certificates Trust**  |  |  |
| 4.089% due 02/25/2037 ~  | 9 | 8 |
| 4.365% due 03/25/2036 ~  | 82 | 75 |
| **Washington Mutual Mortgage Pass-Through Certificates Trust** <br>4.609% due 02/25/2047 •  | 108 | 103 |
|  |  | 2092 |
| **U.S. GOVERNMENT AGENCIES 1.6%**  |  |  |
| **Federal National Mortgage Association**<br>4.000% due 07/01/2048 | 21 | 20 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 3.500% due 06/01/2056 | 350 | 320 |
| 4.000% due 06/01/2056 | 500 | 471 |
| 4.500% due 05/01/2056 | 750 | 723 |
| 5.000% due 04/01/2056 | 800 | 789 |
| 5.500% due 05/01/2056 | 950 | 953 |
|  |  | 3276 |
| **U.S. TREASURY OBLIGATIONS 1.4%**  |  |  |
| **U.S. Treasury Bonds**  |  |  |
| 3.250% due 05/15/2042 (p) | 100 | 82 |
| 4.625% due 05/15/2054 (p) | 50 | 48 |
| 4.750% due 11/15/2043 (m)(p) | 2300 | 2273 |
| 4.875% due 08/15/2045 (p) | 30 | 30 |
| **U.S. Treasury Notes**  |  |  |
| 4.250% due 08/15/2035 (p) | 40 | 40 |
| 4.375% due 11/30/2030 (p) | 400 | 407 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Bond Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  |  | 2880 |
| Total United States (Cost $13,705) |  | 13608 |
| **URUGUAY 0.2%**  |  |  |
| **SOVEREIGN ISSUES 0.2%**  |  |  |
| **Uruguay Government International Bonds**  |  |  |
| 5.100% due 06/18/2050  | $300 | 276 |
| 5.442% due 02/14/2037  | 200 | 204 |
| Total Uruguay (Cost $482) |  | 480 |
| **UZBEKISTAN 0.6%**  |  |  |
| **CORPORATE BONDS & NOTES 0.4%**  |  |  |
| **Uzbek Industrial & Construction Bank ATB**  |  |  |
| 8.950% due 07/24/2029  | $200 | 212 |
| 21.000% due 07/24/2027  | 2980000 | 261 |
| **Uzbekneftegaz JSC** <br>4.750% due 11/16/2028 | $400 | 383 |
|  |  | 856 |
| **SOVEREIGN ISSUES 0.2%**  |  |  |
| **Republic of Uzbekistan International Bonds** <br>3.900% due 10/19/2031 | 400 | 362 |
| Total Uzbekistan (Cost $1,134) |  | 1218 |
| **VENEZUELA 1.3%**  |  |  |
| **CORPORATE BONDS & NOTES 0.8%**  |  |  |
| **Petroleos de Venezuela SA**  |  |  |
| 5.375% due 04/12/2027 ^(c)  | $180 | 60 |
| 5.500% due 04/12/2037 ^(c)  | 3250 | 1094 |
| 6.000% due 11/15/2026 ^(c)  | 1240 | 427 |
| 9.750% due 05/17/2035 ^(c)  | 110 | 46 |
|  |  | 1627 |
| **SOVEREIGN ISSUES 0.5%**  |  |  |
| **Venezuela Government International Bonds**  |  |  |
| 9.250% due 09/15/2027 ^(c)  | 1230 | 590 |
| 9.250% due 05/07/2028 ^(c)  | 270 | 124 |
| 9.375% due 01/13/2034 ^(c)  | 40 | 19 |
| 11.750% due 10/21/2026 ^(c)  | 10 | 5 |
| 11.950% due 08/05/2031 ^(c)  | 590 | 304 |
|  |  | 1042 |
| Total Venezuela (Cost $3,019) |  | 2669 |
| **ZAMBIA 0.1%**  |  |  |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **Zambia Government International Bonds** <br>0.500% due 12/31/2053 (b) | $300 | 198 |
| Total Zambia (Cost $206) |  | 198 |
| **SHORT-TERM INSTRUMENTS 2.6%**  |  |  |
| **EGYPT TREASURY BILLS 0.0%**  |  |  |
| 24.060% due 10/20/2026 (f)(g) | 300 | 5 |
| **NIGERIA TREASURY BILLS 1.7%**  |  |  |
| 24.653% due 04/14/2026 - 01/28/2027 (e)(f)(g) | 5167693 | 3485 |
| **SOUTH AFRICA TREASURY BILLS 0.6%**  |  |  |
| 7.198% due 08/05/2026 - 01/27/2027 (e)(f)(g) | 20400 | 1161 |
| **TURKEY TREASURY BILLS 0.3%**  |  |  |
| 38.693% due 04/07/2026 (e)(f)(g) | 25000 | 558 |
| **U.S. TREASURY BILLS 0.0%**  |  |  |
| 3.672% due 06/09/2026 (f)(g)(p) | $43 | 43 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Bond Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total Short-Term Instruments (Cost $5,086) |  | 5252 |
| Total Investments in Securities (Cost $203,685) |  | 198317 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 1.0%**  |  |  |
| **SHORT-TERM INSTRUMENTS 1.0%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 1.0%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 210241 | 2048 |
| Total Short-Term Instruments (Cost $2,047) |  | 2048 |
| Total Investments in Affiliates (Cost $2,047) |  | 2048 |
| Total Investments 100.5% (Cost $205,732) |  | $200365 |
| **Financial Derivative Instruments (n)(o) (0.2)**%(Cost or Premiums, net $(16)) |  | (325) |
| Other Assets and Liabilities, net (0.3)% |  | (583) |
| Net Assets 100.0% |  | $199457 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Bond Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **^** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** |
| **«** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **þ** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** |
| **(a)** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** |
| **(b)** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** |
| **(c)** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** |
| **(d)** | **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.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** |
| **(e)** | **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.** |
| **(f)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(g)** | **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.** |
| **(h)** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** |
| **(i)** | **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.** |
| **(j)** | **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.** |
| **(k)** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** | **Contingent convertible security.** |
| **(l)** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** |
| Issuer Description | Issuer Description | Maturity<br>Date | Acquisition<br>Date | Acquisition<br>Date | Cost | Cost | Market<br>Value | Market Value<br>as Percentage<br>of Net Assets |
| Congolese International Bonds | Congolese International Bonds | 11/07/2032 | 02/20/2026 | 02/20/2026 | 285 | 285 | 282 | 0.14% |
| **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** |
| Counterparty | Counterparty | Borrowing Rate<sup>(1)</sup> | Settlement Date | Maturity Date | Maturity Date | Amount<br>Borrowed<sup>(1)</sup> | Amount<br>Borrowed<sup>(1)</sup> | Payable for<br>Reverse<br>Repurchase<br>Agreements |
| BPS | BPS | 3.450%  | 12/12/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (316) | (316) | (319) |
| BRC | BRC | 3.250  | 03/10/2026 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (300) | (300) | (301) |
|  |  | 3.800  | 12/12/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (1971) | (1971) | (1994) |
| MYI | MYI | 3.000  | 02/20/2026 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (408) | (408) | (409) |
|  |  | 3.250  | 03/30/2026 | 04/10/2026 | 04/10/2026 | (113) | (113) | (113) |
|  |  | 3.400  | 12/12/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (305) | (305) | (309) |
|  |  | 3.450  | 12/12/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (154) | (154) | (156) |
|  |  | 3.490  | 03/30/2026 | 04/10/2026 | 04/10/2026 | (583) | (583) | (583) |
|  |  | 3.600  | 12/12/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (383) | (383) | (387) |
| NOM | NOM | 3.570  | 12/12/2025 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (639) | (639) | (645) |
| **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** |  |  |  |  |  |  | **(5216)** |
| **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 | Borrowing Rate<sup>(1)</sup> | 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>(3)</sup> |
| TDM | TDM | 3.770%  | 03/12/2026 | 04/23/2026 | 04/23/2026 | (707) | (707) | (709) |
| **Total Sale-Buyback Transactions** | **Total Sale-Buyback Transactions** |  |  |  |  |  |  | **(709)** |
| **(m)** | **Securities with an aggregate market value of $5,748 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $5,748 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $5,748 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $5,748 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $5,748 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $5,748 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $5,748 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $5,748 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 $(5071) at a weighted average interest rate of 3.611%. 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 $(5071) at a weighted average interest rate of 3.611%. 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 $(5071) at a weighted average interest rate of 3.611%. 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 $(5071) at a weighted average interest rate of 3.611%. 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 $(5071) at a weighted average interest rate of 3.611%. 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 $(5071) at a weighted average interest rate of 3.611%. 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 $(5071) at a weighted average interest rate of 3.611%. 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 $(5071) at a weighted average interest rate of 3.611%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Bond Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| <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. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. |
| <sup>(3)</sup> | Payable for sale-buyback transactions includes $(2) of deferred price drop. | Payable for sale-buyback transactions includes $(2) of deferred price drop. | Payable for sale-buyback transactions includes $(2) of deferred price drop. | Payable for sale-buyback transactions includes $(2) of deferred price drop. | Payable for sale-buyback transactions includes $(2) of deferred price drop. | Payable for sale-buyback transactions includes $(2) of deferred price drop. | Payable for sale-buyback transactions includes $(2) of deferred price drop. | Payable for sale-buyback transactions includes $(2) of deferred price drop. | Payable for sale-buyback transactions includes $(2) of deferred price drop. | Payable for sale-buyback transactions includes $(2) of deferred price drop. | Payable for sale-buyback transactions includes $(2) of deferred price drop. | Payable for sale-buyback transactions includes $(2) of deferred price drop. | Payable for sale-buyback transactions includes $(2) of deferred price drop. | Payable for sale-buyback transactions includes $(2) of deferred price drop. | Payable for sale-buyback transactions includes $(2) of deferred price drop. | Payable for sale-buyback transactions includes $(2) of deferred price drop. | Payable for sale-buyback transactions includes $(2) of deferred price drop. | Payable for sale-buyback transactions includes $(2) of deferred price drop. |
| **(n)** | **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** | **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:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG 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 | # 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 |
| Euro-BTP Future June Futures  | Euro-BTP Future June Futures  | Euro-BTP Future June Futures  | Euro-BTP Future June Futures  | Euro-BTP Future June Futures  | Euro-BTP Future June Futures  | Euro-BTP Future June Futures  | Euro-BTP Future June Futures  | 06/2026 | 2 | $ | 269 | $(12) | (12) | (12) | 3 | 3 | 3 | 0 |
| Short Euro-BTP Italy Government Bond June Futures  | Short Euro-BTP Italy Government Bond June Futures  | Short Euro-BTP Italy Government Bond June Futures  | Short Euro-BTP Italy Government Bond June Futures  | Short Euro-BTP Italy Government Bond June Futures  | Short Euro-BTP Italy Government Bond June Futures  | Short Euro-BTP Italy Government Bond June Futures  | Short Euro-BTP Italy Government Bond June Futures  | 06/2026 | 130 |  | 15905 | (74) | (74) | (74) | 41 | 41 | 41 | 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  | 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 | 34 |  | 7053 | (50) | (50) | (50) | 3 | 3 | 3 | 0 |
| 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  | U.S. Treasury 5-Year Note June Futures  | 06/2026 | 162 |  | 17525 | (246) | (246) | (246) | 23 | 23 | 23 | 0 |
| 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  | U.S. Treasury 10-Year Note June Futures  | 06/2026 | 407 |  | 45196 | (813) | (813) | (813) | 95 | 95 | 95 | 0 |
| U.S. Treasury Ultra Long-Term Bond June Futures  | U.S. Treasury Ultra Long-Term Bond June Futures  | U.S. Treasury Ultra Long-Term Bond June Futures  | U.S. Treasury Ultra Long-Term Bond June Futures  | U.S. Treasury Ultra Long-Term Bond June Futures  | U.S. Treasury Ultra Long-Term Bond June Futures  | U.S. Treasury Ultra Long-Term Bond June Futures  | U.S. Treasury Ultra Long-Term Bond June Futures  | 06/2026 | 11 |  | 1282 | (37) | (37) | (37) | 2 | 2 | 2 | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  | (1232) | (1232) | $ | 167 | 167 | $ | 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** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <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 | # 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 |
| Euro-Bobl June Futures  | Euro-Bobl June Futures  | Euro-Bobl June Futures  | Euro-Bobl June Futures  | Euro-Bobl June Futures  | Euro-Bobl June Futures  | Euro-Bobl June Futures  | Euro-Bobl June Futures  | 06/2026 | 9 | $ | (1201) | $(1) | (1) | (1) | 1 | 1 | 1 | (1) |
| Euro-Bund June Futures  | Euro-Bund June Futures  | Euro-Bund June Futures  | Euro-Bund June Futures  | Euro-Bund June Futures  | Euro-Bund June Futures  | Euro-Bund June Futures  | Euro-Bund June Futures  | 06/2026 | 22 |  | (3189) | 81 | 81 | 81 | 0 | 0 | 0 | (23) |
| Euro-Schatz June Futures  | Euro-Schatz June Futures  | Euro-Schatz June Futures  | Euro-Schatz June Futures  | Euro-Schatz June Futures  | Euro-Schatz June Futures  | Euro-Schatz June Futures  | Euro-Schatz June Futures  | 06/2026 | 28 |  | (3422) | 10 | 10 | 10 | 0 | 0 | 0 | (2) |
|  |  |  |  |  |  |  |  |  |  |  |  | 90 | 90 | $ | 1 | 1 | $ | (26) |
| **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** | **(1142)** | **(1142)** | **$** | **168** | **168** | **$** | **(26)** |
| **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 CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Index/Tranches | Index/Tranches | Index/Tranches | Fixed <br>(Pay) Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount<sup>(3)</sup> |  | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value<sup>(4)</sup> | Market<br>Value<sup>(4)</sup> | Market<br>Value<sup>(4)</sup> | Asset | Asset | Liability |
| CDX.EM-38 5-Year Index  | CDX.EM-38 5-Year Index  | CDX.EM-38 5-Year Index  | (1.000)% | Quarterly | Quarterly | 12/20/2027 | 12/20/2027 | 12/20/2027 | 1000 | $ | 57 | (63) | (6) | (6) | (6) | 0 | 0 | (5) |
| CDX.EM-39 5-Year Index  | CDX.EM-39 5-Year Index  | CDX.EM-39 5-Year Index  | (1.000) | Quarterly | Quarterly | 06/20/2028 | 06/20/2028 | 06/20/2028 | 900 |  | 56 | (51) | 5 | 5 | 5 | 4 | 4 | 0 |
| CDX.EM-42 5-Year Index  | CDX.EM-42 5-Year Index  | CDX.EM-42 5-Year Index  | (1.000) | Quarterly | Quarterly | 12/20/2029 | 12/20/2029 | 12/20/2029 | 1900 |  | 44 | (31) | 13 | 13 | 13 | 0 | 0 | (9) |
| CDX.EM-44 5-Year Index  | CDX.EM-44 5-Year Index  | CDX.EM-44 5-Year Index  | (1.000) | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 12/20/2030 | 1875 |  | 29 | 7 | 36 | 36 | 36 | 0 | 0 | (9) |
|  |  |  |  |  |  |  |  |  |  | $ | 186 | (138) | 48 | 48 | 48 | 4 | 4 | (23) |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Index/Tranches | Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | 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> | Market<br>Value<sup>(4)</sup> | Asset | Asset | Liability |
| CDX.EM-45 5-Year Index  | CDX.EM-45 5-Year Index  | CDX.EM-45 5-Year Index  | 1.000% | Quarterly | Quarterly | 06/20/2031 | 06/20/2031 | 06/20/2031 | 450 | $ | (18) | (1) | (19) | (19) | (19) | 2 | 2 | 0 |
| **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 | Fixed Rate | 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 | Liability |
| Pay | Pay | 1-Day USD-SOFR Compounded-OIS | 1.500% | 1.500% | Semi-Annual | Semi-Annual | 06/21/2027 | 06/21/2027 | $5700 | 5700 | $212 | (362) | $(150) | (150) | (150) | $1 | 1 | $0 |
| Pay | Pay | 1-Day USD-SOFR Compounded-OIS | 1.500 | 1.500 | Semi-Annual | Semi-Annual | 12/15/2028 | 12/15/2028 | 400 | 400 | 2 | (25) | (23) | (23) | (23) | 0 | 0 | 0 |
| Pay | Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | 3.750 | Annual | Annual | 06/20/2029 | 06/20/2029 | 1500 | 1500 | (44) | 48 | 4 | 4 | 4 | 1 | 1 | 0 |
| Pay | Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | 3.750 | Annual | Annual | 12/18/2029 | 12/18/2029 | 3625 | 3625 | (17) | 39 | 22 | 22 | 22 | 4 | 4 | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | 3.750 | Annual | Annual | 12/18/2029 | 12/18/2029 | 2920 | 2920 | (94) | 76 | (18) | (18) | (18) | 0 | 0 | (3) |
| Pay | Pay | 1-Day USD-SOFR Compounded-OIS | 3.000 | 3.000 | Annual | Annual | 03/19/2030 | 03/19/2030 | 3300 | 3300 | (174) | 102 | (72) | (72) | (72) | 3 | 3 | 0 |
| Receive<sup>(5)</sup> | Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.325 | 3.325 | Annual | Annual | 08/31/2030 | 08/31/2030 | 11039 | 11039 | 36 | 73 | 109 | 109 | 109 | 0 | 0 | (11) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | 3.500 | Annual | Annual | 12/20/2030 | 12/20/2030 | 8200 | 8200 | 230 | (186) | 44 | 44 | 44 | 0 | 0 | (8) |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Bond Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.750 | Semi-Annual | 12/15/2031 |  | 200 | 3 | (25) | (22) | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.730 | Annual | 08/03/2033 |  | 200 | (1) | 1 | 0 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.735 | Annual | 08/07/2033 |  | 200 | (1) | 1 | 0 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.165 | Annual | 09/27/2033 |  | 400 | (2) | 13 | 11 | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.155 | Annual | 10/02/2033 |  | 300 | (1) | 9 | 8 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.170 | Annual | 10/03/2033 |  | 400 | (2) | 14 | 12 | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.030 | Annual | 10/04/2033 |  | 100 | 0 | 2 | 2 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.175 | Annual | 10/10/2033 |  | 300 | (1) | 10 | 9 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.150 | Annual | 10/12/2033 |  | 300 | (1) | 9 | 8 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.220 | Annual | 10/20/2033 |  | 200 | (1) | 8 | 7 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.230 | Annual | 10/23/2033 |  | 200 | (1) | 8 | 7 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.255 | Annual | 10/23/2033 |  | 100 | 0 | 4 | 4 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 12/20/2033 |  | 680 | (37) | 24 | (13) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.250 | Annual | 03/20/2034 |  | 2900 | (123) | 27 | (96) | 0 | (3) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 06/20/2034 |  | 1500 | 8 | 0 | 8 | 0 | (2) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2034 |  | 700 | (11) | 14 | 3 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 03/19/2035 |  | 800 | 58 | (23) | 35 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2035 |  | 1000 | (7) | 16 | 9 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 06/20/2036 |  | 400 | (1) | 6 | 5 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 06/20/2039 |  | 100 | 6 | (3) | 3 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2039 |  | 500 | (2) | 17 | 15 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.830 | Annual | 10/12/2053 |  | 100 | (1) | (4) | (5) | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.870 | Annual | 10/17/2053 |  | 200 | (1) | (8) | (9) | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.000 | Annual | 03/18/2056 |  | 300 | 12 | (5) | 7 | 1 | 0 |
| Receive | 1-Year BRL-CDI | 11.253 | Maturity | 01/04/2027 | BRL | 6400 | 0 | 60 | 60 | 0 | (2) |
| Pay | 1-Year BRL-CDI | 11.550 | Maturity | 01/04/2027 |  | 400 | 0 | (3) | (3) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 11.570 | Maturity | 01/04/2027 |  | 5700 | 0 | (45) | (45) | 2 | 0 |
| Receive | 1-Year BRL-CDI | 13.055 | Maturity | 01/04/2027 |  | 2200 | 0 | 1 | 1 | 0 | (1) |
| Pay | 1-Year BRL-CDI | 13.015 | Maturity | 01/02/2029 |  | 1200 | (1) | (2) | (3) | 2 | 0 |
| Receive | 1-Year BRL-CDI | 13.030 | Maturity | 01/02/2029 |  | 2800 | 0 | 7 | 7 | 0 | (3) |
| Pay | 1-Year BRL-CDI | 13.265 | Maturity | 01/02/2029 |  | 2800 | 0 | (5) | (5) | 3 | 0 |
| Pay | 1-Year BRL-CDI | 13.310 | Maturity | 01/02/2029 |  | 1700 | 0 | (4) | (4) | 2 | 0 |
| Pay | 1-Year BRL-CDI | 13.320 | Maturity | 01/02/2029 |  | 2800 | 0 | (9) | (9) | 1 | 0 |
| Pay | 1-Year BRL-CDI | 13.255 | Maturity | 01/02/2031 |  | 7200 | (2) | (23) | (25) | 0 | (2) |
| Pay | 1-Year BRL-CDI | 13.350 | Maturity | 01/02/2031 |  | 800 | 0 | (1) | (1) | 1 | 0 |
| Pay | 1-Year BRL-CDI | 13.520 | Maturity | 01/02/2031 |  | 5300 | 0 | (4) | (4) | 7 | 0 |
| Pay | 1-Year BRL-CDI | 13.560 | Maturity | 01/02/2031 |  | 4300 | 0 | (3) | (3) | 5 | 0 |
| Pay | 1-Year BRL-CDI | 13.670 | Maturity | 01/02/2031 |  | 900 | 0 | 0 | 0 | 1 | 0 |
| Pay | 3-Month PLN-WIBOR | 4.855 | Annual | 02/10/2030 | PLN | 5400 | 7 | 13 | 20 | 1 | 0 |
| Receive | 3-Month PLN-WIBOR | 4.075 | Annual | 04/11/2030 |  | 5400 | 0 | (4) | (4) | 0 | (1) |
| Pay | 3-Month PLN-WIBOR | 4.678 | Annual | 03/11/2036 |  | 900 | 0 | (3) | (3) | 0 | (1) |
| Pay | 3-Month PLN-WIBOR | 4.655 | Annual | 03/16/2036 |  | 1000 | 0 | (4) | (4) | 0 | (1) |
| Pay | 3-Month PLN-WIBOR | 4.828 | Annual | 03/17/2036 |  | 400 | 0 | 0 | 0 | 0 | 0 |
| Pay | 3-Month ZAR-JIBAR | 6.770 | Quarterly | 03/10/2028 | ZAR | 8900 | 0 | (5) | (5) | 1 | 0 |
| Receive | 6-Month CLP-CHILIBOR | 5.511 | Semi-Annual | 11/13/2033 | CLP | 623400 | 0 | (17) | (17) | 1 | 0 |
| Pay | 6-Month CLP-CHILIBOR | 4.855 | Semi-Annual | 12/18/2033 |  | 600000 | 0 | (13) | (13) | 0 | (1) |
| Pay | 6-Month CZK-PRIBOR | 4.250 | Annual | 04/18/2029 | CZK | 12400 | 15 | (1) | 14 | 1 | 0 |
| Pay | 6-Month CZK-PRIBOR | 3.530 | Annual | 07/15/2029 |  | 56100 | 0 | (14) | (14) | 5 | 0 |
| Pay | 6-Month CZK-PRIBOR | 3.080 | Annual | 10/03/2029 |  | 34000 | 0 | (68) | (68) | 2 | 0 |
| Receive | 6-Month CZK-PRIBOR | 3.325 | Annual | 05/09/2030 |  | 51000 | 0 | 53 | 53 | 0 | (4) |
| Receive | 6-Month CZK-PRIBOR | 3.363 | Annual | 05/29/2030 |  | 40900 | 19 | 21 | 40 | 0 | (3) |
| Pay | 6-Month CZK-PRIBOR | 4.130 | Annual | 10/01/2035 |  | 27800 | 17 | (52) | (35) | 0 | 0 |
| Pay | 6-Month CZK-PRIBOR | 4.480 | Annual | 03/11/2036 |  | 2300 | 0 | 0 | 0 | 0 | 0 |

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<br> Schedule of Investments PIMCO Emerging Markets Bond Portfolio (Cont.) March 31, 2026 (Unaudited)

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| | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Pay | Pay | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 3.370 | Annual | Annual | 10/09/2028 | EUR | 300 |  | (1) |  | 7 |  | 6 |  | 1 | 1 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 3.450 | Annual | Annual | 10/20/2028 |  | 300 |  | (1) |  | 8 |  | 7 |  | 1 | 1 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.818 | Annual | Annual | 06/26/2029 |  | 1100 |  | 33 |  | (14) |  | 19 |  | 3 | 3 |  | 0 |
| Pay<sup>(5)</sup> | Pay<sup>(5)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.500 | Annual | Annual | 09/16/2031 |  | 800 |  | 1 |  | (20) |  | (19) |  | 4 | 4 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 3.300 | Annual | Annual | 10/03/2033 |  | 300 |  | (1) |  | 11 |  | 10 |  | 2 | 2 |  | 0 |
| Receive<sup>(5)</sup> | Receive<sup>(5)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.750 | Annual | Annual | 09/16/2036 |  | 9200 |  | 165 |  | 170 |  | 335 |  | 0 | 0 |  | (81) |
| Pay<sup>(5)</sup> | Pay<sup>(5)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 3.000 | Annual | Annual | 09/16/2056 |  | 660 |  | (12) |  | (5) |  | (17) |  | 7 | 7 |  | 0 |
| Pay | Pay | 6-Month HUF-BBR | 6-Month HUF-BBR | 5.955 | Annual | Annual | 05/08/2030 | HUF | 912000 |  | 0 |  | (41) |  | (41) |  | 14 | 14 |  | 0 |
| Receive | Receive | 6-Month HUF-BBR | 6-Month HUF-BBR | 6.190 | Annual | Annual | 11/18/2030 |  | 188500 |  | 6 |  | 16 |  | 22 |  | 0 | 0 |  | (3) |
| Receive | Receive | 6-Month HUF-BBR | 6-Month HUF-BBR | 6.410 | Annual | Annual | 11/21/2030 |  | 332100 |  | 0 |  | 30 |  | 30 |  | 0 | 0 |  | (6) |
| Receive | Receive | 6-Month HUF-BBR | 6-Month HUF-BBR | 6.439 | Annual | Annual | 11/24/2030 |  | 100800 |  | 0 |  | 9 |  | 9 |  | 0 | 0 |  | (2) |
| Receive | Receive | 6-Month HUF-BBR | 6-Month HUF-BBR | 6.500 | Annual | Annual | 11/25/2030 |  | 131400 |  | 0 |  | 11 |  | 11 |  | 0 | 0 |  | (2) |
| Pay | Pay | 6-Month HUF-BBR | 6-Month HUF-BBR | 7.050 | Annual | Annual | 03/11/2036 |  | 121200 |  | 0 |  | (1) |  | (1) |  | 4 | 4 |  | 0 |
| Pay | Pay | 6-Month HUF-BBR | 6-Month HUF-BBR | 7.020 | Annual | Annual | 03/16/2036 |  | 158700 |  | 0 |  | (3) |  | (3) |  | 5 | 5 |  | 0 |
| Pay | Pay | 6-Month HUF-BBR | 6-Month HUF-BBR | 6.910 | Annual | Annual | 03/19/2036 |  | 76800 |  | 0 |  | (3) |  | (3) |  | 2 | 2 |  | 0 |
| Pay | Pay | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 8.280 | Lunar | Lunar | 03/06/2036 | MXN | 1700 |  | 0 |  | (1) |  | (1) |  | 1 | 1 |  | 0 |
| Pay<sup>(5)</sup> | Pay<sup>(5)</sup> | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 8.500 | Lunar | Lunar | 06/04/2036 |  | 1200 |  | 1 |  | (1) |  | 0 |  | 0 | 0 |  | 0 |
|  |  |  |  |  |  |  |  |  | $ | $290 | 290 | $(72) | (72) | $218 | 218 | $92 | 92 | 92 | $(144) | (144) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | $**458** | **458** | $**(211)** | **(211)** | $**247** | **247** | $**98** | **98** | **98** | $**(167)** | **(167)** |
| **Cash of $2,519 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $2,519 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $2,519 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $2,519 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $2,519 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $2,519 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $2,519 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $2,519 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $2,519 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $2,519 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $2,519 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $2,519 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $2,519 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $2,519 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $2,519 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $2,519 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $2,519 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $2,519 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $2,519 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $2,519 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $2,519 has 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 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. | 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>(2)</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. |
| <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. | 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. | 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. | 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. |
| **(o)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** |
|  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | Settlement<br>Month | Settlement<br>Month | Settlement<br>Month |  | Currency to<br>be Delivered | Currency to<br>be Delivered | Currency to<br>be Delivered |  | Currency to<br>be Received | Currency to<br>be Received | Currency to<br>be Received | Asset | Asset | Asset | Asset | Liability | Liability | Liability |
| &nbsp;&nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp;&nbsp; AZD | 04/2026  | 04/2026  | 04/2026  | CAD | 269 | 269 | 269 | $ | $196 | 196 | 196 | 3 | 3 | 3 | 3 | $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 | 5663 | 5663 | 5663 |  | 1086 | 1086 | 1086 | 0 | 0 | 0 | 0 | (7) | (7) | (7) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | CZK | 1520 | 1520 | 1520 |  | 72 | 72 | 72 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | DOP | 4900 | 4900 | 4900 |  | 78 | 78 | 78 | 0 | 0 | 0 | 0 | (3) | (3) | (3) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | INR | 139662 | 139662 | 139662 |  | 1485 | 1485 | 1485 | 0 | 0 | 0 | 0 | (2) | (2) | (2) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | $ | $1084 | 1084 | 1084 | BRL | 5663 | 5663 | 5663 | 9 | 9 | 9 | 9 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 849 | 849 | 849 | DOP | 51630 | 51630 | 51630 | 0 | 0 | 0 | 0 | (5) | (5) | (5) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 1485 | 1485 | 1485 | INR | 139412 | 139412 | 139412 | 0 | 0 | 0 | 0 | (12) | (12) | (12) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 167 | 167 | 167 | THB | 5216 | 5216 | 5216 | 0 | 0 | 0 | 0 | (9) | (9) | (9) |
|  |  |  | 05/2026  | 05/2026  | 05/2026  | DOP | 779 | 779 | 779 | $ | $12 | 12 | 12 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 06/2026  | 06/2026  | 06/2026  | ILS | 143 | 143 | 143 |  | 46 | 46 | 46 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 06/2026  | 06/2026  | 06/2026  | PEN | 2949 | 2949 | 2949 |  | 872 | 872 | 872 | 27 | 27 | 27 | 27 | 0 | 0 | 0 |
|  |  |  | 06/2026  | 06/2026  | 06/2026  | $ | $18 | 18 | 18 | BRL | 95 | 95 | 95 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 08/2026  | 08/2026  | 08/2026  | ZAR | 4827 | 4827 | 4827 | $ | $273 | 273 | 273 | 0 | 0 | 0 | 0 | (10) | (10) | (10) |
|  |  |  | 10/2026  | 10/2026  | 10/2026  | BRL | 1200 | 1200 | 1200 |  | 220 | 220 | 220 | 0 | 0 | 0 | 0 | (3) | (3) | (3) |
|  |  |  | 10/2026  | 10/2026  | 10/2026  | ZAR | 5807 | 5807 | 5807 |  | 356 | 356 | 356 | 18 | 18 | 18 | 18 | 0 | 0 | 0 |
|  |  |  | 01/2027  | 01/2027  | 01/2027  |  | 5752 | 5752 | 5752 |  | 350 | 350 | 350 | 18 | 18 | 18 | 18 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | 04/2026  | 04/2026  | 04/2026  | BRL | 14722 | 14722 | 14722 |  | 2700 | 2700 | 2700 | 0 | 0 | 0 | 0 | (142) | (142) | (142) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | ILS | 128 | 128 | 128 |  | 41 | 41 | 41 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | INR | 235722 | 235722 | 235722 |  | 2538 | 2538 | 2538 | 49 | 49 | 49 | 49 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | PHP | 862 | 862 | 862 |  | 15 | 15 | 15 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | $ | $2803 | 2803 | 2803 | BRL | 14722 | 14722 | 14722 | 39 | 39 | 39 | 39 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 30 | 30 | 30 | ILS | 96 | 96 | 96 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 1505 | 1505 | 1505 | INR | 140565 | 140565 | 140565 | 0 | 0 | 0 | 0 | (9) | (9) | (9) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | ZAR | 9872 | 9872 | 9872 | $ | $583 | 583 | 583 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 05/2026  | 05/2026  | 05/2026  | ILS | 96 | 96 | 96 |  | 30 | 30 | 30 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 05/2026  | 05/2026  | 05/2026  | $ | $1390 | 1390 | 1390 | INR | 131638 | 131638 | 131638 | 7 | 7 | 7 | 7 | 0 | 0 | 0 |
|  |  |  | 05/2026  | 05/2026  | 05/2026  |  | 184 | 184 | 184 | KWD | 56 | 56 | 56 | 0 | 0 | 0 | 0 | (3) | (3) | (3) |
|  |  |  | 06/2026  | 06/2026  | 06/2026  |  | 272 | 272 | 272 |  | 83 | 83 | 83 | 0 | 0 | 0 | 0 | (3) | (3) | (3) |
|  |  |  | 07/2026  | 07/2026  | 07/2026  | BRL | 6000 | 6000 | 6000 | $ | $1118 | 1118 | 1118 | 0 | 0 | 0 | 0 | (17) | (17) | (17) |
|  |  |  | 07/2026  | 07/2026  | 07/2026  | $ | $1562 | 1562 | 1562 | BRL | 8392 | 8392 | 8392 | 25 | 25 | 25 | 25 | 0 | 0 | 0 |
|  |  |  | 07/2026  | 07/2026  | 07/2026  |  | 119 | 119 | 119 | KWD | 36 | 36 | 36 | 0 | 0 | 0 | 0 | (2) | (2) | (2) |
|  |  |  | 10/2026  | 10/2026  | 10/2026  | BRL | 7900 | 7900 | 7900 | $ | $1441 | 1441 | 1441 | 0 | 0 | 0 | 0 | (21) | (21) | (21) |

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<br> Schedule of Investments PIMCO Emerging Markets Bond Portfolio (Cont.) March 31, 2026 (Unaudited)

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 06/2027  | $70 | 21 | 0 | (1) |
|  | 05/2029  | 280 | $964 | 46 | 0 |
|  | 07/2029  | 62 | 214 | 10 | 0 |
|  | 05/2030  | 170 | 585 | 27 | 0 |
|  | 08/2030  | 24 | 82 | 2 | 0 |
|  | 01/2031  | 52 | 174 | 4 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | 04/2026  | 144720 | 3169 | 0 | (36) |
|  | 04/2026  | $2690 | 123818 | 6 | 0 |
|  | 04/2026  | 11749 | $718 | 25 | 0 |
|  | 05/2026  | 34884 | 748 | 0 | (5) |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | 04/2026  | 16400 | 2948 | 0 | (218) |
|  | 04/2026  | $3158 | 16400 | 8 | 0 |
|  | 04/2026  | 202 | 152 | 0 | (1) |
|  | 04/2026  | 107 | 386 | 0 | (3) |
|  | 05/2026  | 152 | $202 | 1 | 0 |
|  | 10/2026  | 17500 | 3230 | 0 | (9) |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | 04/2026  | 2711 | 519 | 0 | (4) |
|  | 04/2026  | 430 | 499 | 2 | 0 |
|  | 04/2026  | 19457 | 57 | 0 | (1) |
|  | 04/2026  | 176359 | 1902 | 28 | 0 |
|  | 04/2026  | 3 | 0 | 0 | 0 |
|  | 04/2026  | $519 | 2711 | 4 | 0 |
|  | 04/2026  | 113 | 98 | 0 | 0 |
|  | 04/2026  | 3113 | 288672 | 0 | (53) |
|  | 04/2026  | 30 | 101 | 0 | (1) |
|  | 04/2026  | 3 | 172 | 0 | 0 |
|  | 05/2026  | 63 | 6016 | 1 | 0 |
|  | 05/2026  | 15 | 23340 | 2 | 0 |
|  | 05/2026  | 88 | 304 | 0 | (1) |
|  | 06/2026  | 173 | $3 | 0 | 0 |
|  | 07/2026  | $63 | 3223 | 0 | (8) |
|  | 07/2026  | 32 | 17162 | 3 | 0 |
|  | 08/2026  | 146198 | $1560 | 30 | 0 |
|  | 11/2026  | 24510 | 15 | 0 | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | 04/2026  | 639 | 92 | 0 | 0 |
|  | 04/2026  | 510 | 24 | 0 | 0 |
|  | 04/2026  | 10370 | 31 | 0 | 0 |
|  | 04/2026  | 257 | 83 | 1 | 0 |
|  | 04/2026  | 7474 | 80 | 1 | 0 |
|  | 04/2026  | 10702 | 22 | 0 | 0 |
|  | 04/2026  | $177 | 257 | 1 | 0 |
|  | 04/2026  | 191 | 1311 | 0 | (1) |
|  | 04/2026  | 73 | 3712 | 0 | (5) |
|  | 04/2026  | 57 | 73 | 0 | 0 |
|  | 05/2026  | 257 | $176 | 0 | (1) |
|  | 05/2026  | 73 | 57 | 0 | 0 |
|  | 05/2026  | $92 | 637 | 0 | 0 |
|  | 06/2026  | 90370 | $170 | 0 | (15) |
|  | 06/2026  | 3461 | 12 | 0 | 0 |
|  | 06/2026  | 8356 | 263 | 3 | 0 |
|  | 07/2026  | $384 | 206785 | 33 | 0 |
|  | 09/2026  | 27266 | $92 | 0 | (4) |
|  | 11/2026  | 2177675 | 167 | 0 | (2) |
|  | 12/2026  | 3837990 | 295 | 0 | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | 04/2026  | 99 | 70 | 2 | 0 |
|  | 04/2026  | 89 | 115 | 4 | 0 |
|  | 04/2026  | 152 | 205 | 4 | 0 |
|  | 04/2026  | $112 | 89 | 0 | 0 |
|  | 05/2026  | 89 | $112 | 0 | 0 |
|  | 05/2026  | 160 | 51 | 0 | 0 |
|  | 06/2026  | 102 | 33 | 1 | 0 |
|  | 08/2026  | 1719 | 508 | 18 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; GLM | 04/2026  | 25934 | 4580 | 0 | (427) |
|  | 04/2026  | 31694 | 491 | 0 | (29) |
|  | 04/2026  | 6250 | 18 | 0 | (1) |
|  | 04/2026  | 138 | 44 | 1 | 0 |
|  | 04/2026  | $6044 | 31857 | 106 | 0 |
|  | 04/2026  | 79 | 311 | 0 | (2) |
|  | 05/2026  | 30244 | $467 | 0 | (31) |
|  | 05/2026  | $15 | 808 | 0 | (1) |
|  | 06/2026  | 11868 | $2204 | 0 | (57) |
|  | 06/2026  | 5216 | 85 | 0 | 0 |
|  | 06/2026  | $53 | 284 | 1 | 0 |
|  | 06/2026  | 103 | 1795 | 0 | (3) |
|  | 07/2026  | 8600 | $1594 | 0 | (33) |
|  | 07/2026  | 2210 | 36 | 0 | 0 |
|  | 07/2026  | $48 | 260 | 1 | 0 |
|  | 09/2026  | 38314 | $618 | 7 | (10) |
| &nbsp;&nbsp;&nbsp;&nbsp; IND | 04/2026  | 18502 | 21847 | 461 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | 04/2026  | 5200 | 996 | 0 | (8) |
|  | 04/2026  | 672 | 97 | 0 | 0 |
|  | 04/2026  | 309 | 15 | 0 | 0 |
|  | 04/2026  | 30485 | 91 | 0 | 0 |
|  | 04/2026  | 12559 | 701 | 1 | 0 |
|  | 04/2026  | 74 | 59 | 1 | 0 |
|  | 04/2026  | $984 | 5200 | 20 | 0 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Bond Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  | 04/2026  | 04/2026  | ZAR | 31871 | 31871 | 31871 | $ | 1908 | 1908 | 1908 |  | 27 | 27 |  |  | 0 | 0 |
|  |  |  | 05/2026  | 05/2026  | $ | $97 | 97 | 97 | CNH | 671 | 671 | 671 |  | 0 | 0 |  |  | 0 | 0 |
|  |  |  | 07/2026  | 07/2026  | BRL | 3200 | 3200 | 3200 | $ | 592 | 592 | 592 |  | 0 | 0 |  |  | (14) | (14) |
|  |  |  | 10/2026  | 10/2026  |  | 2200 | 2200 | 2200 |  | 401 | 401 | 401 |  | 0 | 0 |  |  | (7) | (7) |
|  |  |  | 06/2027  | 06/2027  | UZS | 154501 | 154501 | 154501 |  | 12 | 12 | 12 |  | 0 | 0 |  |  | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | &nbsp;&nbsp;&nbsp;&nbsp; MBC | &nbsp;&nbsp;&nbsp;&nbsp; MBC | 04/2026  | 04/2026  | $ | $1 | 1 | 1 | EGP | 53 | 53 | 53 |  | 0 | 0 |  |  | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  |  | 244 | 244 | 244 | EUR | 212 | 212 | 212 |  | 1 | 1 |  |  | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  |  | 455 | 455 | 455 | KRW | 665889 | 665889 | 665889 |  | 0 | 0 |  |  | (12) | (12) |
|  |  |  | 05/2026  | 05/2026  |  | 9 | 9 | 9 | EGP | 438 | 438 | 438 |  | 0 | 0 |  |  | (1) | (1) |
|  |  |  | 05/2026  | 05/2026  |  | 114 | 114 | 114 | EUR | 99 | 99 | 99 |  | 1 | 1 |  |  | 0 | 0 |
|  |  |  | 10/2026  | 10/2026  | ZAR | 3097 | 3097 | 3097 | $ | 174 | 174 | 174 |  | 0 | 0 |  |  | (6) | (6) |
| &nbsp;&nbsp;&nbsp;&nbsp; MYI | &nbsp;&nbsp;&nbsp;&nbsp; MYI | &nbsp;&nbsp;&nbsp;&nbsp; MYI | 10/2026  | 10/2026  | $ | $257 | 257 | 257 | AZN | 460 | 460 | 460 |  | 8 | 8 |  |  | 0 | 0 |
|  |  |  | 10/2027  | 10/2027  |  | 515 | 515 | 515 |  | 947 | 947 | 947 |  | 0 | 0 |  |  | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | &nbsp;&nbsp;&nbsp;&nbsp; SCX | &nbsp;&nbsp;&nbsp;&nbsp; SCX | 04/2026  | 04/2026  | INR | 7483 | 7483 | 7483 | $ | 80 | 80 | 80 |  | 1 | 1 |  |  | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | $ | $195 | 195 | 195 | CAD | 269 | 269 | 269 |  | 0 | 0 |  |  | (1) | (1) |
|  |  |  | 04/2026  | 04/2026  |  | 141 | 141 | 141 | EGP | 7172 | 7172 | 7172 |  | 0 | 0 |  |  | (12) | (12) |
|  |  |  | 04/2026  | 04/2026  |  | 69 | 69 | 69 | KZT | 36261 | 36261 | 36261 |  | 6 | 6 |  |  | 0 | 0 |
|  |  |  | 05/2026  | 05/2026  | CAD | 269 | 269 | 269 | $ | 195 | 195 | 195 |  | 1 | 1 |  |  | 0 | 0 |
|  |  |  | 05/2026  | 05/2026  | $ | $4 | 4 | 4 | EGP | 186 | 186 | 186 |  | 0 | 0 |  |  | 0 | 0 |
|  |  |  | 07/2026  | 07/2026  |  | 56 | 56 | 56 | KZT | 30430 | 30430 | 30430 |  | 5 | 5 |  |  | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SOG | &nbsp;&nbsp;&nbsp;&nbsp; SOG | &nbsp;&nbsp;&nbsp;&nbsp; SOG | 04/2026  | 04/2026  | EUR | 225 | 225 | 225 | $ | 266 | 266 | 266 |  | 6 | 6 |  |  | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | UGX | 257400 | 257400 | 257400 |  | 72 | 72 | 72 |  | 4 | 4 |  |  | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | $ | $352 | 352 | 352 | EGP | 17218 | 17218 | 17218 |  | 0 | 0 |  |  | (42) | (42) |
|  |  |  | 04/2026  | 04/2026  |  | 21750 | 21750 | 21750 | EUR | 18847 | 18847 | 18847 |  | 35 | 35 |  |  | 0 | 0 |
|  |  |  | 05/2026  | 05/2026  | EUR | 18847 | 18847 | 18847 | $ | 21784 | 21784 | 21784 |  | 0 | 0 |  |  | (34) | (34) |
|  |  |  | 05/2026  | 05/2026  | $ | $373 | 373 | 373 | EGP | 18502 | 18502 | 18502 |  | 0 | 0 |  |  | (47) | (47) |
|  |  |  | 06/2026  | 06/2026  | ILS | 96 | 96 | 96 | $ | 31 | 31 | 31 |  | 1 | 1 |  |  | 0 | 0 |
|  |  |  | 06/2026  | 06/2026  | PEN | 499 | 499 | 499 |  | 148 | 148 | 148 |  | 5 | 5 |  |  | 0 | 0 |
|  |  |  | 08/2026  | 08/2026  | $ | $232 | 232 | 232 | EGP | 11743 | 11743 | 11743 |  | 0 | 0 |  |  | (32) | (32) |
| &nbsp;&nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp;&nbsp; SSB | 04/2026  | 04/2026  | AUD | 159 | 159 | 159 | $ | 113 | 113 | 113 |  | 3 | 3 |  |  | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | 04/2026  | 04/2026  | CZK | 624 | 624 | 624 |  | 30 | 30 | 30 |  | 0 | 0 |  |  | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | TRY | 7214 | 7214 | 7214 |  | 156 | 156 | 156 |  | 0 | 0 |  |  | (3) | (3) |
|  |  |  | 04/2026  | 04/2026  | $ | $62 | 62 | 62 | PLN | 223 | 223 | 223 |  | 0 | 0 |  |  | (2) | (2) |
|  |  |  | 06/2026  | 06/2026  | ILS | 140 | 140 | 140 | $ | 45 | 45 | 45 |  | 1 | 1 |  |  | 0 | 0 |
| **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | $**1169** | **1169** | **1169** | **$** | $**(1436)** | **(1436)** | **(1436)** |
| **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED 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** | **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 | Counterparty | Description | Description | Description | Description | Description | Buy/Sell<br>Protection | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Cost | Cost |  | Market<br>Value | Market<br>Value |
| GST | 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  | Put - OTC CDX.IG-45 5-Year Index  | Put - OTC CDX.IG-45 5-Year Index  | Buy | 0.550% | 0.550% | 05/20/2026 | 05/20/2026 | 11750 | 11750 | 11750 | 23 | 23 | $ | $40 | 40 |
| **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **23** | **23** | **$** | $**40** | **40** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **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** | **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 | Counterparty | Description | Description | Description | Description | Description | Buy/Sell<br>Protection | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value | Market<br>Value |
| GST | 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  | Put - OTC CDX.IG-45 5-Year Index  | Put - OTC CDX.IG-45 5-Year Index  | Sell | 0.750% | 0.750% | 05/20/2026 | 05/20/2026 | 29375 | 29375 | 29375 | (23) | (23) | $ | $(35) | (35) |
| **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** |
| Counterparty | Counterparty | Description | Description | Description | Description | Description | Description |  | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value | Market<br>Value |
| UAG | UAG | Call - OTC USD versus TRY  | Call - OTC USD versus TRY  | Call - OTC USD versus TRY  | Call - OTC USD versus TRY  | Call - OTC USD versus TRY  | Call - OTC USD versus TRY  | TRY | 49.650 | 49.650 | 04/17/2026 | 1552 | 1552 | 1552 | (23) | (23) | $ | $(5) | (5) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **(46)** | **(46)** | **$** | $**(40)** | **(40)** |
| **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 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> | **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> | <u>Swap Agreements, at Value</u><sup>(6)</sup> |
| Counterparty | Reference Entity | Reference Entity | Reference Entity | Fixed <br>(Pay) Rate | Fixed <br>(Pay) Rate | Payment<br>Frequency | 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> |  | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| BOA | Mexico Government International Bonds  | Mexico Government International Bonds  | Mexico Government International Bonds  | (1.000)% | (1.000)% | Quarterly | 06/20/2035 | 1.676% | 1.676% | 1.676% | $200 | $ | 14 | 14 | $(4) | $10 | 10 | 10 | $0 |
|  | Oman Government International Bonds  | Oman Government International Bonds  | Oman Government International Bonds  | (1.000) | (1.000) | Quarterly | 12/20/2027 | 0.530 | 0.530 | 0.530 | 100 |  | 3 | 3 | (4) | 0 | 0 | 0 | (1) |
|  | Panama Government International Bonds  | Panama Government International Bonds  | Panama Government International Bonds  | (1.000) | (1.000) | Quarterly | 06/20/2029 | 0.857 | 0.857 | 0.857 | 200 |  | 5 | 5 | (6) | 0 | 0 | 0 | (1) |
| BPS | Oman Government International Bonds  | Oman Government International Bonds  | Oman Government International Bonds  | (1.000) | (1.000) | Quarterly | 12/20/2027 | 0.530 | 0.530 | 0.530 | 100 |  | 3 | 3 | (4) | 0 | 0 | 0 | (1) |
| BRC | Mexico Government International Bonds  | Mexico Government International Bonds  | Mexico Government International Bonds  | (1.000) | (1.000) | Quarterly | 06/20/2035 | 1.676 | 1.676 | 1.676 | 200 |  | 13 | 13 | (3) | 10 | 10 | 10 | 0 |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Bond Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Saudi Arabia Government International Bonds  | (1.000) | Quarterly | 06/20/2034 | 1.096 | 2200 | (24) | 38 | 14 | 0 |
| CBK | Mexico Government International Bonds  | (1.000) | Quarterly | 06/20/2035 | 1.676 | 100 | 7 | (2) | 5 | 0 |
| GST | Mexico Government International Bonds  | (1.000) | Quarterly | 06/20/2035 | 1.676 | 100 | 7 | (2) | 5 | 0 |
|  | Saudi Arabia Government International Bonds  | (1.000) | Quarterly | 06/20/2034 | 1.096 | 700 | (8) | 12 | 4 | 0 |
| MYC | Saudi Arabia Government International Bonds  | (1.000) | Quarterly | 06/20/2034 | 1.096 | 1200 | (14) | 21 | 7 | 0 |
|  |  |  |  |  |  |  | $6 | $46 | $55 | $(3) |
| **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(3)</sup> |
|  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(6)</sup> | <u>Swap Agreements, at Value</u><sup>(6)</sup> |
| Counterparty | Reference Entity | Fixed <br>Receive Rate | Payment<br>Frequency | Maturity<br>Date | Implied<br>Credit Spread at<br>March 31, 2026<sup>(4)</sup> | Notional<br>Amount<sup>(5)</sup> | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Liability |
| BOA | Argentine Republic Government International Bonds  | 5.000% | Quarterly | 12/20/2026 | 2.754% | $100 | $2 | $0 | $2 | $0 |
|  | Argentine Republic Government International Bonds  | 5.000 | Quarterly | 06/20/2027 | 3.980 | 290 | (38) | 42 | 4 | 0 |
|  | Brazil Government International Bonds  | 1.000 | Quarterly | 06/20/2035 | 2.130 | 200 | (28) | 12 | 0 | (16) |
|  | Chile Government International Bonds  | 1.000 | Quarterly | 12/20/2026 | 0.226 | 100 | 1 | 0 | 1 | 0 |
|  | Colombia Government International Bonds  | 1.000 | Quarterly | 12/20/2030 | 2.132 | 1000 | (51) | 4 | 0 | (47) |
|  | Petroleos Mexicanos  | 1.000 | Quarterly | 12/20/2026 | 2.033 | 200 | (1) | (1) | 0 | (2) |
| BPS | Brazil Government International Bonds  | 1.000 | Quarterly | 12/20/2027 | 0.676 | 200 | (15) | 16 | 1 | 0 |
|  | Chile Government International Bonds  | 1.000 | Quarterly | 12/20/2027 | 0.323 | 1000 | (5) | 17 | 12 | 0 |
|  | Indonesia Government International Bonds  | 1.000 | Quarterly | 06/20/2031 | 1.025 | 3300 | 3 | (6) | 0 | (3) |
|  | Mexico Government International Bonds  | 1.000 | Quarterly | 06/20/2026 | 0.329 | 1000 | 6 | (4) | 2 | 0 |
|  | Mexico Government International Bonds  | 1.000 | Quarterly | 12/20/2026 | 0.369 | 300 | 0 | 2 | 2 | 0 |
|  | Mexico Government International Bonds  | 1.000 | Quarterly | 12/20/2027 | 0.533 | 400 | 1 | 2 | 3 | 0 |
|  | Peru Government International Bonds  | 1.000 | Quarterly | 06/20/2026 | 0.281 | 600 | 4 | (3) | 1 | 0 |
|  | Serbia Government International Bonds  | 1.000 | Quarterly | 12/20/2027 | 0.762 | 200 | (18) | 19 | 1 | 0 |
| BRC | Argentine Republic Government International Bonds  | 5.000 | Quarterly | 12/20/2026 | 2.754 | 250 | 6 | (2) | 4 | 0 |
|  | Argentine Republic Government International Bonds  | 5.000 | Quarterly | 06/20/2027 | 3.980 | 200 | 2 | 1 | 3 | 0 |
|  | Benin Government International Bonds  | 1.000 | Quarterly | 06/20/2026 | 2.625 | 200 | (7) | 6 | 0 | (1) |
|  | Chile Government International Bonds  | 1.000 | Quarterly | 06/20/2026 | 0.217 | 1000 | 17 | (15) | 2 | 0 |
|  | Cote D'ivoire Government International Bonds  | 1.000 | Quarterly | 06/20/2026 | 1.424 | 100 | (3) | 3 | 0 | 0 |
|  | Nigeria Government International Bonds  | 1.000 | Quarterly | 12/20/2026 | 1.449 | 100 | 0 | 0 | 0 | 0 |
|  | Nigeria Government International Bonds  | 1.000 | Quarterly | 06/20/2027 | 1.733 | 100 | (1) | 0 | 0 | (1) |
|  | Nigeria Government International Bonds  | 1.000 | Quarterly | 12/20/2029 | 2.791 | 300 | (44) | 26 | 0 | (18) |
|  | Nigeria Government International Bonds  | 1.000 | Quarterly | 12/20/2030 | 3.108 | 200 | (18) | 1 | 0 | (17) |
|  | Saudi Arabia Government International Bonds  | 1.000 | Quarterly | 06/20/2030 | 0.750 | 4100 | 58 | (17) | 41 | 0 |
|  | Turkiye Government International Bonds  | 1.000 | Quarterly | 12/20/2029 | 2.564 | 100 | (7) | 2 | 0 | (5) |
| CBK | Benin Government International Bonds  | 1.000 | Quarterly | 06/20/2026 | 2.625 | 25 | (1) | 1 | 0 | 0 |
|  | Colombia Government International Bonds  | 1.000 | Quarterly | 12/20/2030 | 2.132 | 1900 | (95) | 6 | 0 | (89) |
|  | Cote D'ivoire Government International Bonds  | 1.000 | Quarterly | 06/20/2026 | 1.424 | 150 | (5) | 5 | 0 | 0 |
|  | Cote D'ivoire Government International Bonds  | 1.000 | Quarterly | 06/20/2030 | 2.836 | 100 | (13) | 6 | 0 | (7) |
|  | Panama Government International Bonds  | 1.000 | Quarterly | 06/20/2026 | 0.516 | 300 | 1 | (1) | 0 | 0 |
| DUB | Colombia Government International Bonds  | 1.000 | Quarterly | 12/20/2030 | 2.132 | 200 | (10) | 1 | 0 | (9) |
|  | Nigeria Government International Bonds  | 1.000 | Quarterly | 12/20/2029 | 2.791 | 200 | (33) | 21 | 0 | (12) |
|  | Petroleos Mexicanos « | 4.750 | Monthly | 07/06/2026 | —◆ | 235 | 0 | 1 | 1 | 0 |
|  | Petroleos Mexicanos « | 4.850 | Monthly | 07/06/2026 | —◆ | 424 | 0 | 2 | 2 | 0 |
|  | Turkiye Government International Bonds  | 1.000 | Quarterly | 06/20/2030 | 2.716 | 100 | (10) | 4 | 0 | (6) |

---

------

<br> Schedule of Investments PIMCO Emerging Markets Bond Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| GLM | GLM | Mexico Government International Bonds  | 1.000 | Quarterly | 06/20/2029 | 0.730 | 400 | (2) | 5 | 5 | 3 | 0 |
| GST | GST | Argentine Republic Government International Bonds  | 5.000 | Quarterly | 12/20/2026 | 2.754 | 200 | 4 | 0 | 0 | 4 | 0 |
|  |  | Benin Government International Bonds  | 1.000 | Quarterly | 12/20/2030 | 1.291 | 500 | (11) | 5 | 5 | 0 | (6) |
|  |  | Israel Government International Bonds  | 1.000 | Quarterly | 06/20/2026 | 0.306 | 200 | 0 | 0 | 0 | 0 | 0 |
|  |  | Mexico Government International Bonds  | 1.000 | Quarterly | 12/20/2028 | 0.669 | 100 | (1) | 2 | 2 | 1 | 0 |
|  |  | Peru Government International Bonds  | 1.000 | Quarterly | 06/20/2026 | 0.281 | 1500 | 7 | (4) | (4) | 3 | 0 |
|  |  | Saudi Arabia Government International Bonds  | 1.000 | Quarterly | 06/20/2030 | 0.750 | 3600 | 53 | (17) | (17) | 36 | 0 |
| JPM | JPM | Argentine Republic Government International Bonds  | 5.000 | Quarterly | 06/20/2027 | 3.980 | 100 | 1 | 0 | 0 | 1 | 0 |
|  |  | Cote D'ivoire Government International Bonds  | 1.000 | Quarterly | 06/20/2030 | 2.836 | 50 | (6) | 3 | 3 | 0 | (3) |
|  |  | Ecuador Government International Bonds  | 5.000 | Quarterly | 06/20/2027 | 2.178 | 200 | 7 | 0 | 0 | 7 | 0 |
|  |  | Poland Government International Bonds  | 1.000 | Quarterly | 06/20/2028 | 0.370 | 100 | 0 | 1 | 1 | 1 | 0 |
|  |  | Saudi Arabia Government International Bonds  | 1.000 | Quarterly | 06/20/2030 | 0.750 | 300 | 5 | (2) | (2) | 3 | 0 |
|  |  | South Africa Government International Bonds  | 1.000 | Quarterly | 12/20/2035 | 2.812 | 300 | (35) | (4) | (4) | 0 | (39) |
|  |  | State Oil Company of Azerbaijan  | 5.000 | Quarterly | 06/20/2026 | 1.376 | 100 | 1 | 0 | 0 | 1 | 0 |
|  |  | Turkiye Government International Bonds  | 1.000 | Quarterly | 12/20/2029 | 2.564 | 500 | (34) | 8 | 8 | 0 | (26) |
| MYC | MYC | Argentine Republic Government International Bonds  | 5.000 | Quarterly | 12/20/2026 | 2.754 | 50 | 1 | 0 | 0 | 1 | 0 |
|  |  | Argentine Republic Government International Bonds  | 5.000 | Quarterly | 06/20/2027 | 3.980 | 400 | (17) | 23 | 23 | 6 | 0 |
|  |  | Chile Government International Bonds  | 1.000 | Quarterly | 12/20/2026 | 0.226 | 700 | 4 | 0 | 0 | 4 | 0 |
|  |  | Mexico Government International Bonds  | 1.000 | Quarterly | 06/20/2027 | 0.445 | 200 | (1) | 2 | 2 | 1 | 0 |
|  |  | Mexico Government International Bonds  | 1.000 | Quarterly | 06/20/2028 | 0.581 | 100 | (2) | 3 | 3 | 1 | 0 |
|  |  | Mexico Government International Bonds  | 1.000 | Quarterly | 12/20/2028 | 0.669 | 500 | (5) | 10 | 10 | 5 | 0 |
|  |  | Nigeria Government International Bonds  | 1.000 | Quarterly | 06/20/2030 | 2.936 | 20 | (5) | 3 | 3 | 0 | (2) |
|  |  | Panama Government International Bonds  | 1.000 | Quarterly | 06/20/2030 | 1.059 | 200 | (9) | 9 | 9 | 0 | 0 |
|  |  | Peru Government International Bonds  | 1.000 | Quarterly | 06/20/2026 | 0.281 | 1800 | 3 | 1 | 1 | 4 | 0 |
|  |  | Qatar Government International Bonds  | 1.000 | Quarterly | 12/20/2026 | 0.244 | 300 | 4 | (2) | (2) | 2 | 0 |
|  |  | Turkiye Government International Bonds  | 1.000 | Quarterly | 12/20/2028 | 2.228 | 1300 | (117) | 77 | 77 | 0 | (40) |
|  |  |  |  |  |  |  |  | $(457) | $274 | 274 | $166 | $(349) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | $**(451)** | $**320** | **320** | $**221** | $**(352)** |
| **(p)** | **Securities with an aggregate market value of $554 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 $554 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 $554 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 $554 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 $554 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 $554 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 $554 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 $554 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 $554 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 $554 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 $554 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 $554 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>◆</sup> | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. |
| <sup>(1)</sup> | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | 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. |
| <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. |
| <sup>(4)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(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. |
| <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. |
| **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**: |  |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Level 1 | Level 2 | Level 2 | Level 3 | Level 3 | Fair Value<br>at 03/31/2026 | Fair Value<br>at 03/31/2026 |  |

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<br> Schedule of Investments PIMCO Emerging Markets Bond Portfolio (Cont.) March 31, 2026 (Unaudited)

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| | | |
|:---|:---|:---|
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Albania | Albania | Albania |
| Sovereign Issues | $223 | $223 |
| Angola | Angola | Angola |
| Corporate Bonds & Notes | 798 | 798 |
| Sovereign Issues | 1192 | 1192 |
| Argentina | Argentina | Argentina |
| Sovereign Issues | 6810 | 6810 |
| Armenia | Armenia | Armenia |
| Sovereign Issues | 728 | 728 |
| Bahrain | Bahrain | Bahrain |
| Sovereign Issues | 1879 | 1879 |
| Benin | Benin | Benin |
| Sovereign Issues | 382 | 382 |
| Bermuda | Bermuda | Bermuda |
| Corporate Bonds & Notes | 375 | 375 |
| Brazil | Brazil | Brazil |
| Corporate Bonds & Notes | 2886 | 2886 |
| Sovereign Issues | 10591 | 10591 |
| Bulgaria | Bulgaria | Bulgaria |
| Sovereign Issues | 850 | 850 |
| Cameroon | Cameroon | Cameroon |
| Sovereign Issues | 743 | 743 |
| Canada | Canada | Canada |
| Corporate Bonds & Notes | 304 | 304 |
| Cayman Islands | Cayman Islands | Cayman Islands |
| Asset-Backed Securities | 220 | 220 |
| Convertible Bonds & Notes | 1 | 1 |
| Corporate Bonds & Notes | 3253 | 4417 |
| Corporate Bonds & Notes | 0 | 0 |
| Sovereign Issues | 586 | 586 |
| Chile | Chile | Chile |
| Corporate Bonds & Notes | 3844 | 3844 |
| Sovereign Issues | 1743 | 1743 |
| China | China | China |
| Common Stocks | 0 | 4 |
| Colombia | Colombia | Colombia |
| Corporate Bonds & Notes | 1417 | 1417 |
| Sovereign Issues | 3544 | 3544 |
| Congo | Congo | Congo |
| Sovereign Issues | 282 | 282 |
| Costa Rica | Costa Rica | Costa Rica |
| Sovereign Issues | 1187 | 1187 |
| Czech Republic | Czech Republic | Czech Republic |
| Corporate Bonds & Notes | 486 | 486 |
| Dominican Republic | Dominican Republic | Dominican Republic |
| Sovereign Issues | 4870 | 4870 |
| Ecuador | Ecuador | Ecuador |
| Sovereign Issues | 2698 | 2698 |
| Egypt | Egypt | Egypt |
| Sovereign Issues | 3843 | 3843 |
| El Salvador | El Salvador | El Salvador |
| Corporate Bonds & Notes | 513 | 513 |
| Sovereign Issues | 875 | 875 |
| Gabon | Gabon | Gabon |
| Sovereign Issues | 282 | 282 |
| Germany | Germany | Germany |
| Loan Participations and Assignments | 1015 | 1015 |
| Ghana | Ghana | Ghana |
| Sovereign Issues | 1079 | 1079 |
| Guatemala | Guatemala | Guatemala |
| Corporate Bonds & Notes | 200 | 200 |
| Sovereign Issues | 1401 | 1401 |
| Hong Kong | Hong Kong | Hong Kong |
| Corporate Bonds & Notes | 636 | 636 |
| Hungary | Hungary | Hungary |
| Corporate Bonds & Notes | 208 | 208 |
| Sovereign Issues | 2152 | 2152 |
| India | India | India |
| Corporate Bonds & Notes | 612 | 612 |
| Sovereign Issues | 476 | 476 |
| Indonesia | Indonesia | Indonesia |
| Corporate Bonds & Notes | 5520 | 5520 |
| Sovereign Issues | 1488 | 1488 |
| Ireland | Ireland | Ireland |
| Corporate Bonds & Notes | 237 | 237 |
| Loan Participations and Assignments | 0 | 1041 |
| Sovereign Issues | 999 | 999 |
| Isle of Man | Isle of Man | Isle of Man |
| Corporate Bonds & Notes | 106 | 106 |
| Israel | Israel | Israel |
| Corporate Bonds & Notes | 699 | 699 |
| Sovereign Issues | 102 | 102 |
| Italy | Italy | Italy |
| Sovereign Issues | 209 | 209 |
| Ivory Coast | Ivory Coast | Ivory Coast |

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<br> Schedule of Investments PIMCO Emerging Markets Bond Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Loan Participations and Assignments | 0 | 0 | 1162 | 1162 |
| Sovereign Issues | 0 | 1691 | 0 | 1691 |
| Jamaica | Jamaica | Jamaica | Jamaica | Jamaica |
| Corporate Bonds & Notes | 0 | 152 | 0 | 152 |
| Jersey, Channel Islands | Jersey, Channel Islands | Jersey, Channel Islands | Jersey, Channel Islands | Jersey, Channel Islands |
| Corporate Bonds & Notes | 0 | 229 | 0 | 229 |
| Jordan | Jordan | Jordan | Jordan | Jordan |
| Sovereign Issues | 0 | 892 | 0 | 892 |
| Kazakhstan | Kazakhstan | Kazakhstan | Kazakhstan | Kazakhstan |
| Corporate Bonds & Notes | 0 | 575 | 0 | 575 |
| Sovereign Issues | 0 | 391 | 0 | 391 |
| Kenya | Kenya | Kenya | Kenya | Kenya |
| Sovereign Issues | 0 | 1368 | 0 | 1368 |
| Kuwait | Kuwait | Kuwait | Kuwait | Kuwait |
| Sovereign Issues | 0 | 962 | 0 | 962 |
| Latvia | Latvia | Latvia | Latvia | Latvia |
| Sovereign Issues | 0 | 505 | 0 | 505 |
| Lebanon | Lebanon | Lebanon | Lebanon | Lebanon |
| Sovereign Issues | 0 | 265 | 0 | 265 |
| Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg |
| Common Stocks | 0 | 0 | 228 | 228 |
| Corporate Bonds & Notes | 0 | 3315 | 0 | 3315 |
| Sovereign Issues | 0 | 2516 | 0 | 2516 |
| Macedonia | Macedonia | Macedonia | Macedonia | Macedonia |
| Sovereign Issues | 0 | 918 | 0 | 918 |
| Malaysia | Malaysia | Malaysia | Malaysia | Malaysia |
| Corporate Bonds & Notes | 0 | 664 | 0 | 664 |
| Sovereign Issues | 0 | 294 | 0 | 294 |
| Mexico | Mexico | Mexico | Mexico | Mexico |
| Corporate Bonds & Notes | 0 | 6669 | 0 | 6669 |
| Sovereign Issues | 0 | 6856 | 0 | 6856 |
| Mongolia | Mongolia | Mongolia | Mongolia | Mongolia |
| Sovereign Issues | 0 | 406 | 0 | 406 |
| Morocco | Morocco | Morocco | Morocco | Morocco |
| Corporate Bonds & Notes | 0 | 597 | 0 | 597 |
| Sovereign Issues | 0 | 138 | 0 | 138 |
| Netherlands | Netherlands | Netherlands | Netherlands | Netherlands |
| Corporate Bonds & Notes | 0 | 2862 | 0 | 2862 |
| Nigeria | Nigeria | Nigeria | Nigeria | Nigeria |
| Corporate Bonds & Notes | 0 | 708 | 0 | 708 |
| Sovereign Issues | 0 | 3024 | 0 | 3024 |
| Oman | Oman | Oman | Oman | Oman |
| Sovereign Issues | 0 | 2075 | 0 | 2075 |
| Pakistan | Pakistan | Pakistan | Pakistan | Pakistan |
| Sovereign Issues | 0 | 1364 | 0 | 1364 |
| Panama | Panama | Panama | Panama | Panama |
| Corporate Bonds & Notes | 0 | 618 | 0 | 618 |
| Sovereign Issues | 0 | 1141 | 0 | 1141 |
| Paraguay | Paraguay | Paraguay | Paraguay | Paraguay |
| Sovereign Issues | 0 | 1337 | 0 | 1337 |
| Peru | Peru | Peru | Peru | Peru |
| Corporate Bonds & Notes | 0 | 3778 | 0 | 3778 |
| Sovereign Issues | 0 | 1649 | 0 | 1649 |
| Philippines | Philippines | Philippines | Philippines | Philippines |
| Corporate Bonds & Notes | 0 | 487 | 0 | 487 |
| Sovereign Issues | 0 | 1196 | 0 | 1196 |
| Poland | Poland | Poland | Poland | Poland |
| Corporate Bonds & Notes | 0 | 204 | 0 | 204 |
| Sovereign Issues | 0 | 1371 | 0 | 1371 |
| Qatar | Qatar | Qatar | Qatar | Qatar |
| Corporate Bonds & Notes | 0 | 718 | 0 | 718 |
| Romania | Romania | Romania | Romania | Romania |
| Sovereign Issues | 0 | 3862 | 0 | 3862 |
| Russia | Russia | Russia | Russia | Russia |
| Sovereign Issues | 0 | 210 | 0 | 210 |
| Saudi Arabia | Saudi Arabia | Saudi Arabia | Saudi Arabia | Saudi Arabia |
| Corporate Bonds & Notes | 0 | 2303 | 0 | 2303 |
| Sovereign Issues | 0 | 2639 | 0 | 2639 |
| Senegal | Senegal | Senegal | Senegal | Senegal |
| Sovereign Issues | 0 | 1153 | 0 | 1153 |
| Serbia | Serbia | Serbia | Serbia | Serbia |
| Sovereign Issues | 0 | 872 | 0 | 872 |
| Singapore | Singapore | Singapore | Singapore | Singapore |
| Corporate Bonds & Notes | 0 | 310 | 0 | 310 |
| Slovenia | Slovenia | Slovenia | Slovenia | Slovenia |
| Sovereign Issues | 0 | 724 | 0 | 724 |
| South Africa | South Africa | South Africa | South Africa | South Africa |
| Corporate Bonds & Notes | 200 | 837 | 0 | 1037 |
| Sovereign Issues | 0 | 5352 | 0 | 5352 |
| South Korea | South Korea | South Korea | South Korea | South Korea |
| Sovereign Issues | 0 | 192 | 0 | 192 |
| Spain | Spain | Spain | Spain | Spain |
| Corporate Bonds & Notes | 0 | 202 | 0 | 202 |
| Sri Lanka | Sri Lanka | Sri Lanka | Sri Lanka | Sri Lanka |
| Sovereign Issues | 0 | 1224 | 0 | 1224 |
| Supranational | Supranational | Supranational | Supranational | Supranational |

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------

<br> Schedule of Investments PIMCO Emerging Markets Bond Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 0 | 1412 | 1412 | 0 | 0 |  | 1412 |  |
| Suriname | Suriname | Suriname | Suriname | Suriname | Suriname | Suriname | Suriname | Suriname | Suriname | Suriname | Suriname |  |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 0 | 304 | 304 | 0 | 0 |  | 304 |  |
| Thailand | Thailand | Thailand | Thailand | Thailand | Thailand | Thailand | Thailand | Thailand | Thailand | Thailand | Thailand |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 0 | 975 | 975 | 0 | 0 |  | 975 |  |
| Trinidad and Tobago | Trinidad and Tobago | Trinidad and Tobago | Trinidad and Tobago | Trinidad and Tobago | Trinidad and Tobago | Trinidad and Tobago | Trinidad and Tobago | Trinidad and Tobago | Trinidad and Tobago | Trinidad and Tobago | Trinidad and Tobago |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 0 | 393 | 393 | 0 | 0 |  | 393 |  |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 0 | 303 | 303 | 0 | 0 |  | 303 |  |
| Turkey | Turkey | Turkey | Turkey | Turkey | Turkey | Turkey | Turkey | Turkey | Turkey | Turkey | Turkey |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 0 | 888 | 888 | 0 | 0 |  | 888 |  |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | 0 | 0 | 0 | 0 | 0 | 2310 | 2310 |  | 2310 |  |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 0 | 8111 | 8111 | 0 | 0 |  | 8111 |  |
| Ukraine | Ukraine | Ukraine | Ukraine | Ukraine | Ukraine | Ukraine | Ukraine | Ukraine | Ukraine | Ukraine | Ukraine |  |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 0 | 1700 | 1700 | 0 | 0 |  | 1700 |  |
| United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 0 | 3296 | 3296 | 0 | 0 |  | 3296 |  |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 0 | 800 | 800 | 0 | 0 |  | 800 |  |
| United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 0 | 3562 | 3562 | 378 | 378 |  | 3940 |  |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 0 | 0 | 302 | 302 | 0 | 0 |  | 302 |  |
| United States | United States | United States | United States | United States | United States | United States | United States | United States | United States | United States | United States |  |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | 0 | 0 | 0 | 2763 | 2763 | 0 | 0 |  | 2763 |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 0 | 2597 | 2597 | 0 | 0 |  | 2597 |  |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 0 | 0 | 2092 | 2092 | 0 | 0 |  | 2092 |  |
| U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | 0 | 0 | 0 | 3276 | 3276 | 0 | 0 |  | 3276 |  |
| U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 0 | 0 | 2880 | 2880 | 0 | 0 |  | 2880 |  |
| Uruguay | Uruguay | Uruguay | Uruguay | Uruguay | Uruguay | Uruguay | Uruguay | Uruguay | Uruguay | Uruguay | Uruguay |  |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 0 | 480 | 480 | 0 | 0 |  | 480 |  |
| Uzbekistan | Uzbekistan | Uzbekistan | Uzbekistan | Uzbekistan | Uzbekistan | Uzbekistan | Uzbekistan | Uzbekistan | Uzbekistan | Uzbekistan | Uzbekistan |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 0 | 856 | 856 | 0 | 0 |  | 856 |  |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 0 | 362 | 362 | 0 | 0 |  | 362 |  |
| Venezuela | Venezuela | Venezuela | Venezuela | Venezuela | Venezuela | Venezuela | Venezuela | Venezuela | Venezuela | Venezuela | Venezuela |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 0 | 1627 | 1627 | 0 | 0 |  | 1627 |  |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 0 | 1042 | 1042 | 0 | 0 |  | 1042 |  |
| Zambia | Zambia | Zambia | Zambia | Zambia | Zambia | Zambia | Zambia | Zambia | Zambia | Zambia | Zambia |  |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 0 | 198 | 198 | 0 | 0 |  | 198 |  |
| 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 |  |
| Egypt Treasury Bills | Egypt Treasury Bills | Egypt Treasury Bills | 0 | 0 | 0 | 5 | 5 | 0 | 0 |  | 5 |  |
| Nigeria Treasury Bills | Nigeria Treasury Bills | Nigeria Treasury Bills | 0 | 0 | 0 | 3485 | 3485 | 0 | 0 |  | 3485 |  |
| South Africa Treasury Bills | South Africa Treasury Bills | South Africa Treasury Bills | 0 | 0 | 0 | 1161 | 1161 | 0 | 0 |  | 1161 |  |
| Turkey Treasury Bills | Turkey Treasury Bills | Turkey Treasury Bills | 0 | 0 | 0 | 558 | 558 | 0 | 0 |  | 558 |  |
| U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | 0 | 0 | 0 | 43 | 43 | 0 | 0 |  | 43 |  |
|  |  |  | $204 | 204 | 204 | $191830 | 191830 | $6283 | 6283 | $ | 198317 |  |
| **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 |  |
| Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | Central Funds Used for Cash Management Purposes | $2048 | 2048 | 2048 | $0 | 0 | $0 | 0 | $ | 2048 |  |
| Total Investments | Total Investments | Total Investments | $2252 | 2252 | 2252 | $191830 | 191830 | $6283 | 6283 | $ | 200365 |  |
| **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**  | **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**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | $0 | 0 | 0 | $0 | 0 | $0 | 0 | $ | 0 |  |
| **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 | 45 | 45 | 45 | 221 | 221 | 0 | 0 |  | 266 |  |
| Over the counter | Over the counter | Over the counter | 0 | 0 | 0 | 1427 | 1427 | 3 | 3 |  | 1430 |  |
|  |  |  | $45 | 45 | 45 | $1648 | 1648 | $3 | 3 | $ | 1696 |  |
| **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 | (26) | (26) | (26) | (167) | (167) | 0 | 0 |  | (193) |  |
| Over the counter | Over the counter | Over the counter | 0 | 0 | 0 | (1828) | (1828) | 0 | 0 |  | (1828) |  |
|  |  |  | $(26) | (26) | (26) | $(1995) | (1995) | $0 | 0 | $ | (2021) |  |
| Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | $19 | 19 | 19 | $(347) | (347) | $3 | 3 | $ | (325) |  |
| Totals | Totals | Totals | $2271 | 2271 | 2271 | $191483 | 191483 | $6286 | 6286 | $ | 200040 |  |
| **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 | Net<br>Sales/Settlements<sup>(1)</sup> | Accrued<br>Discounts/<br>(Premiums) | Accrued<br>Discounts/<br>(Premiums) | Realized<br>Gain/(Loss) | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(2)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(2)</sup> | 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 | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>03/31/2026<sup>(2)</sup> |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Cayman Islands |  |  |  |  |  |  |  |  |  |  |  |  |
| Convertible Bonds & Notes | $(46) | $ | 15 | $(27) | $ | 10 | $0 | 0 | $0 | 0 | $0 | $(16) |
| Corporate Bonds & Notes | 0 |  | 0 | 0 |  | (16) | 0 | 0 | 0 | 0 | 1164 | 0 |
| Ireland |  |  |  |  |  |  |  |  |  |  |  |  |

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<br> Schedule of Investments PIMCO Emerging Markets Bond Portfolio (Cont.) March 31, 2026 (Unaudited)

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Loan Participations and Assignments | Loan Participations and Assignments |  | 1060 | 0 |  |  |  | 0 | 0 |  | (19) | 0 | 0 |  | 1041 |  |  | (19) |
| Ivory Coast | Ivory Coast |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Loan Participations and Assignments | Loan Participations and Assignments |  | 1173 | 0 |  |  |  | 0 | 0 |  | (10) | 0 | 0 |  | 1162 |  |  | (11) |
| Luxembourg | Luxembourg |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Common Stocks | Common Stocks |  | 223 | 0 |  |  |  | 0 | 0 |  | 5 | 0 | 0 |  | 228 |  |  | 4 |
| Mexico | Mexico | 0 | 0 | 0 |  |  |  | 0 | 0 |  | 0 | 0 | 0 |  | 0 |  |  | 0 |
| Turkey | Turkey |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Loan Participations and Assignments | Loan Participations and Assignments |  | 2359 | 0 |  |  |  | 0 | 0 |  | (49) | 0 | 0 |  | 2310 |  |  | (50) |
| United Kingdom | United Kingdom |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes |  | 384 | 0 |  |  |  | 0 | 0 |  | (6) | 0 | 0 |  | 378 |  |  | (5) |
|  |  | $6427 | 6427 | 0 | $ | $ | $ | $(46) | $(27) | $ | $(85) | $0 | 0 | $ | 6283 | $ | $ | (97) |
| **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** |
| Over the counter | Over the counter | $11 | 11 | 0 | $ | $ | $ | $(3) | $0 | $ | $(5) | $0 | 0 | $ | 3 | $ | $ | (5) |
| Totals | Totals | $6438 | 6438 | 0 | $ | $ | $ | $(49) | $(27) | $ | $(90) | $0 | 0 | $ | 6286 | $ | $ | (102) |
| <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 | Category and Subcategory | Ending<br>Balance<br>at 03/31/2026 | Ending<br>Balance<br>at 03/31/2026 | 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; 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 | 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** |
| Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands | Cayman Islands |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | $1164 | 1164 | 1164 | 1164 | &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 | 6.918  | 6.918  | 6.918  |  |  |  |
| Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland | Ireland |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | 1041 | 1041 | 1041 | 1041 | &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 | 4.744  | 4.744  | 4.744  |  |  |  |
| Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast | Ivory Coast |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | 1162 | 1162 | 1162 | 1162 | &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 | 5.964  | 5.964  | 5.964  |  |  |  |
| Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg |
| Common Stocks | Common Stocks | Common Stocks | Common Stocks | 228 | 228 | 228 | 228 | &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  |  |  |  |
| Turkey | Turkey | Turkey | Turkey | Turkey | Turkey | Turkey | Turkey | Turkey | Turkey | Turkey | Turkey | Turkey | Turkey | Turkey | Turkey | Turkey | Turkey | Turkey |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | 1151 | 1151 | 1151 | 1151 | &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 | 5.677  | 5.677  | 5.677  |  |  |  |
|  |  |  |  | 1159 | 1159 | 1159 | 1159 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | 100.250  | 100.250  | 100.250  |  |  |  |
| United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | 378 | 378 | 378 | 378 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proxy Pricing | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proxy Pricing | &nbsp;&nbsp;&nbsp;&nbsp; Base Price | &nbsp;&nbsp;&nbsp;&nbsp; Base Price | &nbsp;&nbsp;&nbsp;&nbsp; Base Price | 100.000  | 100.000  | 100.000  |  |  |  |
| **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** |
| Over the counter | Over the counter | Over the counter | Over the counter | 3 | 3 | &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 | 0.191-0.206  | 0.191-0.206  | 0.191-0.206  | 0.201 | 0.201 |
| Total | Total | Total | Total | $6286 | 6286 | 6286 | 6286 |  |  |  |  |  |  |  |  |  |  |  |
| <sup>(1)</sup> | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. |
| <sup>(2)</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. |

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------

Notes to Financial Statements

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

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

**(a) Investment Valuation Policies** The net asset value ("NAV") of the Portfolio's shares, or each of its share classes, as applicable, is determined by dividing the total value of portfolio investments and other assets attributable to the 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, the 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 Portfolio or its agents after the time as of which NAV has been calculated on a particular day will not generally be used to retroactively adjust the price of a security or the NAV determined earlier that day. If regular trading on the NYSE closes earlier than scheduled, the Portfolio may calculate its NAV as of the earlier closing time or calculate its NAV as of the NYSE Close for that day. The 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, the Portfolio may calculate its NAV as of the NYSE Close for such day or such other time that the 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 the 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 Portfolio will normally use pricing data for domestic equity securities received shortly after the NYSE Close and does not normally take into account trading, clearances or settlements that take place after the NYSE Close. A foreign (non-U.S.) equity security traded on a foreign exchange or on more than one exchange is typically valued using pricing information from the exchange considered by Pacific Investment Management Company LLC ("PIMCO") to be the primary exchange. If market value pricing is used, a foreign (non-U.S.) equity security will be valued as of the close of trading on the foreign exchange or the NYSE Close if the NYSE Close occurs before the end of trading on the foreign exchange.

Investments for which market quotations are not readily available are valued at fair value as determined in good faith pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended (the "Act"). As a general principle, the fair value of a security or other asset is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Pursuant to Rule 2a-5, the Board of Trustees has designated PIMCO as the valuation designee ("Valuation Designee") for the 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 the 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. Open-end management investment companies may include affiliated funds.

If a foreign (non-U.S.) equity security's value has materially changed after the close of the security's primary exchange or principal market but before the NYSE Close, the security may be valued at fair value. Foreign (non-U.S.) equity securities that do not trade when the NYSE is open are also valued at fair value. With respect to foreign (non-U.S.) equity securities, the 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. The 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 the Trust is not open for business, which may result in the 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 the 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 the Trust is not open for business. As a result, to the extent that the 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 the 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 the 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 the 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 the Portfolio may differ from the value that would be realized if the securities were sold. The Portfolio's use of fair valuation may also help to deter "stale price arbitrage" as discussed under the " Frequent or Excessive Purchases, Exchanges and Redemptions " section in the Portfolio's prospectus.

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

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

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Notes to Financial Statements (Cont.)

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

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

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

In accordance with the requirements of U.S. GAAP, the amounts of transfers into and out of Level 3, if material, are disclosed in the Notes to Schedule of Investments for the 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 of the Portfolio's assets and liabilities. Additionally, U.S. GAAP requires quantitative information regarding the significant unobservable inputs used in the determination of fair value of assets or liabilities categorized as Level 3 in the fair value hierarchy. In accordance with the requirements of U.S. GAAP, a fair value hierarchy and, if material, a Level 3 reconciliation and details of significant unobservable inputs, have been included in the Notes to Schedule of Investments for the 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 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 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.

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Notes to Financial Statements (Cont.)

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

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

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

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

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

**2. FEDERAL INCOME TAX MATTERS**

The 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.

The 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 Portfolio's tax positions for all open tax years. As of March 31, 2026, the Portfolio has recorded no liability for net unrecognized tax benefits relating to uncertain income tax positions it has taken or expects to take in future tax returns.

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

Shares of the Portfolio currently are sold to segregated asset accounts ("Separate Accounts") of insurance companies that fund variable annuity contracts and variable life insurance policies ("Variable Contracts"). Please refer to the prospectus for the Separate Account and Variable Contract for information regarding Federal income tax treatment of distributions to the Separate Account.

**3. INVESTMENTS IN AFFILIATES** 

The 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 the Act, rules thereunder or exemptive relief therefrom. The Central Funds are registered investment companies created for use solely by the series of the Trust and other series of registered investment companies advised by the Adviser, in connection with their cash management activities. The main investments of the Central Funds are money market and short maturity fixed income instruments. The Central Funds may incur expenses related to their investment activities, but do not pay Investment Advisory Fees or Supervisory and Administrative Fees to the Adviser. The Central Funds are considered to be affiliated with the Portfolio. 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 Portfolio's website at www.pimco.com, or upon request, as applicable. The table below shows the Portfolio's transactions in and earnings from investments in the affiliated funds for the period ended March 31, 2026 (amounts in thousands<sup>†</sup>):

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

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **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> |
| $8722 | $13025 | $(19700) | $2 | $(1) | $2048 | $27 | $0 |

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<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 | **FAR** | Wells Fargo Bank National Association | **MYI** | Morgan Stanley & Co. International PLC |
| **BOA** | Bank of America N.A. | **GLM** | Goldman Sachs Bank USA | **NOM** | Nomura Securities International, Inc. |
| **BPS** | BNP Paribas S.A. | **GST** | Goldman Sachs International | **SCX** | Standard Chartered Bank, London |
| **BRC** | Barclays Bank PLC | **IND** | Crédit Agricole Corporate and Investment Bank <br> S.A. | **SOG** | Societe Generale Paris |
| **BSH** | Banco Santander S.A. - New York Branch | **JPM** | JP Morgan Chase Bank N.A. | **SSB** | State Street Bank and Trust Co. |
| **CBK** | Citibank N.A. | **MBC** | HSBC Bank Plc | **TDM** | TD Securities (USA) LLC |
| **DUB** | Deutsche Bank AG | **MYC** | Morgan Stanley Bank, N.A. | **UAG** | UBS AG Stamford |
| **Currency Abbreviations:** | **Currency Abbreviations:** |  |  |  |  |
| **AUD** | Australian Dollar | **HUF** | Hungarian Forint | **PKR** | Pakistani Rupee |
| **AZN** | Azerbaijani Manat | **ILS** | Israeli Shekel | **PLN** | Polish Zloty |
| **BRL** | Brazilian Real | **INR** | Indian Rupee | **PYG** | Paraguayan Guarani |
| **CAD** | Canadian Dollar | **KRW** | South Korean Won | **SGD** | Singapore Dollar |
| **CHF** | Swiss Franc | **KWD** | Kuwaiti Dinar | **THB** | Thai Baht |
| **CLP** | Chilean Peso | **KZT** | Kazakhstani Tenge | **TRY** | Turkish New Lira |
| **CNH** | Chinese Renminbi (Offshore) | **MXN** | Mexican Peso | **TWD** | Taiwanese Dollar |
| **CZK** | Czech Koruna | **MYR** | Malaysian Ringgit | **UGX** | Ugandan Shilling |
| **DOP** | Dominican Peso | **NGN** | Nigerian Naira | **USD (or $)** | United States Dollar |
| **EGP** | Egyptian Pound | **PEN** | Peruvian New Sol | **UZS** | Uzbekistani Sum |
| **EUR** | Euro | **PHP** | Philippine Peso | **ZAR** | South African Rand |
| **GBP** | British Pound |  |  |  |  |
| **Exchange Abbreviations:** | **Exchange Abbreviations:** |  |  |  |  |
| **OTC** | Over the Counter |  |  |  |  |
| **Index/Spread Abbreviations:** | **Index/Spread Abbreviations:** |  |  |  |  |
| **BISTREFI** | Turkish Lira Overnight Reference Rate | **CDX.IG** | Credit Derivatives Index - Investment Grade | **EUR006M** | 6 Month EUR Swap Rate |
| **Bobl** | Bundesobligation, the German word for federal government bond | **EUR003M** | 3 Month EUR Swap Rate | **SOFR** | Secured Overnight Financing Rate |
| **CDX.EM** | Credit Derivatives Index - Emerging Markets |  |  |  |  |
| **Other Abbreviations:** | **Other Abbreviations:** |  |  |  |  |
| **ABS** | Asset-Backed Security | **EURIBOR** | Euro Interbank Offered Rate | **PRIBOR** | Prague Interbank Offered Rate |
| **BBR** | Bank Bill Rate | **JIBAR** | Johannesburg Interbank Agreed Rate | **TBA** | To-Be-Announced |
| **BRL-CDI** | Brazil Interbank Deposit Rate | **JSC** | Joint Stock Company | **TBD** | To-Be-Determined |
| **BTP** | Buoni del Tesoro Poliennali "Long-term Treasury Bond" | **Lunar** | Monthly payment based on 28-day periods. One year consists of 13 periods. | **TIIE** | Tasa de Interés Interbancaria de Equilibrio "Equilibrium Interbank Interest Rate" |
| **CHILIBOR** | Chile Interbank Offered Rate | **OIS** | Overnight Index Swap | **WIBOR** | Warsaw Interbank Offered Rate |
| **DAC** | Designated Activity Company | **PIK** | Payment-in-Kind |  |  |

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<br> Schedule of Investments PIMCO Global Bond Opportunities Portfolio (Unhedged) March 31, 2026 (Unaudited)

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| | | |
|:---|:---|:---|
| 0 | 165 | 206 |
| **(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 140.6% ¤** |  |  |
| **ARGENTINA 0.1%**  |  |  |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **Argentina Bonar Bonds**  |  |  |
| 0.750% due 07/09/2030 þ  | $49 | $40 |
| 4.125% due 07/09/2035 þ  | 44 | 31 |
| Total Argentina (Cost $56) |  | 71 |
| **AUSTRALIA 3.6%**  |  |  |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 1.1%**  |  |  |
| **Project Cashmere** <br>4.543% due 12/30/2057 «(b) | 2100 | 1449 |
| **SOVEREIGN ISSUES 2.5%**  |  |  |
| **Australia Government Bonds**  |  |  |
| 1.750% due 06/21/2051  | 50 | 17 |
| 2.500% due 05/21/2030  | 400 | 254 |
| **New South Wales Treasury Corp.**  |  |  |
| 1.750% due 03/20/2034  | 400 | 211 |
| 2.000% due 03/08/2033  | 200 | 112 |
| 3.500% due 11/20/2037  | 500 | 279 |
| **Queensland Treasury Corp.**  |  |  |
| 1.500% due 08/20/2032  | 500 | 275 |
| 1.750% due 07/20/2034  | 300 | 156 |
| 2.000% due 08/22/2033  | 1200 | 659 |
| 5.250% due 07/21/2036  | 700 | 468 |
| **Treasury Corp. of Victoria**  |  |  |
| 2.000% due 09/17/2035  | 300 | 152 |
| 2.000% due 11/20/2037  | 300 | 140 |
| 2.250% due 09/15/2033  | 500 | 278 |
| 4.250% due 12/20/2032  | 300 | 195 |
| 4.750% due 09/15/2036  | 300 | 192 |
|  |  | 3388 |
| Total Australia (Cost $4,718) |  | 4837 |
| **BRAZIL 2.0%**  |  |  |
| **SOVEREIGN ISSUES 2.0%**  |  |  |
| **Brazil Letras do Tesouro Nacional**  |  |  |
| 0.000% due 07/01/2026 (d)  | 2300 | 430 |
| 0.000% due 10/01/2026 (d)  | 12300 | 2225 |
| Total Brazil (Cost $2,635) |  | 2655 |
| **BULGARIA 0.2%**  |  |  |
| **SOVEREIGN ISSUES 0.2%**  |  |  |
| **Bulgaria Government International Bonds** <br>4.125% due 07/18/2045 | 200 | 217 |
| Total Bulgaria (Cost $226) |  | 217 |
| **CANADA 2.1%**  |  |  |
| **CORPORATE BONDS & NOTES 1.2%**  |  |  |
| **Air Canada Pass-Through Trust** <br>3.300% due 07/15/2031 | $62 | 59 |
| **Canadian Imperial Bank of Commerce** <br>4.876% due 01/14/2030 | 900 | 923 |
| **Fairfax Financial Holdings Ltd.** <br>2.750% due 03/29/2028 | 100 | 114 |

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<br> Schedule of Investments PIMCO Global Bond Opportunities Portfolio (Unhedged) (Cont.) March 31, 2026 (Unaudited)

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| | | |
|:---|:---|:---|
| 0 | 165 | 206 |
| **Toronto-Dominion Bank** <br>4.814% due 07/16/2027 | $500 | 505 |
|  |  | 1601 |
| **SOVEREIGN ISSUES 0.9%**  |  |  |
| **Canada Government Bonds** <br>3.000% due 06/01/2034 | 1500 | 1051 |
| **Canada Government Real Return Bonds** <br>1.500% due 12/01/2044 (f) | 143 | 98 |
|  |  | 1149 |
| Total Canada (Cost $2,751) |  | 2750 |
| **CAYMAN ISLANDS 2.0%**  |  |  |
| **ASSET-BACKED SECURITIES 1.7%**  |  |  |
| **Arbor Realty Commercial Real Estate Notes Ltd.** <br>5.122% due 01/15/2037 •  | $97 | 97 |
| **BDS Ltd.** <br>5.144% due 12/16/2036 •  | 83 | 83 |
| **CIFC Funding Ltd.** <br>4.880% due 10/24/2030 •  | 6 | 6 |
| **ICG U.S. CLO Ltd.** <br>4.818% due 10/20/2034 •  | 500 | 501 |
| **KREF Ltd.** <br>5.127% due 02/17/2039 •  | 122 | 122 |
| **LCM 30 Ltd.** <br>5.009% due 04/20/2031 •  | 109 | 109 |
| **MF1 Ltd.** <br>5.027% due 02/19/2037 •  | 112 | 112 |
| **Northwoods Capital XII-B Ltd.** <br>4.864% due 06/15/2031 •  | 133 | 133 |
| **OFSI BSL X Ltd.** <br>4.938% due 04/20/2034 •  | 500 | 501 |
| **Starwood Ltd.**  |  |  |
| 4.994% due 04/18/2038 •  | 52 | 52 |
| 5.022% due 11/15/2038 •  | 39 | 39 |
| **Trinitas CLO VI Ltd.** <br>4.778% due 01/25/2034 •  | 400 | 400 |
| **TRTX Issuer Ltd.** <br>5.328% due 02/15/2039 •  | 153 | 153 |
|  |  | 2308 |
| **CORPORATE BONDS & NOTES 0.1%**  |  |  |
| **Avolon Holdings Funding Ltd.** <br>2.528% due 11/18/2027 | 124 | 120 |
| **SOVEREIGN ISSUES 0.2%**  |  |  |
| **KSA Sukuk Ltd.** <br>5.268% due 10/25/2028 | 200 | 203 |
| Total Cayman Islands (Cost $2,630) |  | 2631 |
| **CHILE 0.2%**  |  |  |
| **SOVEREIGN ISSUES 0.2%**  |  |  |
| **Chile Government International Bonds** <br>4.850% due 01/22/2029 | $200 | 203 |
| Total Chile (Cost $200) |  | 203 |
| **COLOMBIA 2.2%**  |  |  |
| **SOVEREIGN ISSUES 2.2%**  |  |  |
| **Colombia Government International Bonds** <br>6.125% due 01/21/2031 | $500 | 493 |
| **Colombia TES**  |  |  |
| 11.500% due 07/25/2046  | 4700 | 1 |
| 11.750% due 01/24/2035  | 5307100 | 1316 |
| 12.000% due 03/13/2058  | 213600 | 52 |
| 12.750% due 11/28/2040  | 386300 | 102 |
| 13.250% due 02/09/2033  | 3730000 | 1000 |
| Total Colombia (Cost $3,116) |  | 2964 |
| **COSTA RICA 0.2%**  |  |  |
| **SOVEREIGN ISSUES 0.2%**  |  |  |
| **Costa Rica Government International Bonds** <br>6.001% due 01/16/2036 | 250 | 298 |

---

------

<br> Schedule of Investments PIMCO Global Bond Opportunities Portfolio (Unhedged) (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 165 | 206 |
| Total Costa Rica (Cost $295) |  | 298 |
| **DENMARK 0.1%**  |  |  |
| **CORPORATE BONDS & NOTES 0.1%**  |  |  |
| **Nordea Kredit Realkreditaktieselskab**  |  |  |
| 1.500% due 10/01/2053  | 530 | 66 |
| **Realkredit Danmark AS**  |  |  |
| 1.500% due 10/01/2053  | 265 | 33 |
| Total Denmark (Cost $121) |  | 99 |
| **EGYPT 0.2%**  |  |  |
| **SOVEREIGN ISSUES 0.2%**  |  |  |
| **Egypt Government Bonds** <br>19.698% due 10/14/2030 | 13200 | 238 |
| Total Egypt (Cost $281) |  | 238 |
| **FRANCE 6.4%**  |  |  |
| **CORPORATE BONDS & NOTES 0.2%**  |  |  |
| **Credit Agricole SA** <br>6.316% due 10/03/2029 •  | $300 | 312 |
| **SOVEREIGN ISSUES 6.2%**  |  |  |
| **French Republic Government Bonds OAT**  |  |  |
| 2.750% due 02/25/2029  | 1000 | 1150 |
| 2.750% due 02/25/2030  | 4300 | 4920 |
| **UNEDIC ASSEO** <br>0.875% due 05/25/2028 | 2000 | 2215 |
|  |  | 8285 |
| Total France (Cost $8,014) |  | 8597 |
| **GERMANY 1.0%**  |  |  |
| **CORPORATE BONDS & NOTES 1.0%**  |  |  |
| **Kreditanstalt fuer Wiederaufbau** <br>0.000% due 12/15/2027 (d) | 1200 | 1325 |
| Total Germany (Cost $1,202) |  | 1325 |
| **IRELAND 3.8%**  |  |  |
| **ASSET-BACKED SECURITIES 3.8%**  |  |  |
| **Capital Four CLO IV DAC** <br>3.175% due 04/15/2038 •  | 500 | 576 |
| **CVC Cordatus Opportunity Loan Fund-R DAC** <br>2.824% due 08/15/2033 •  | 396 | 457 |
| **Fair Oaks Loan Funding V DAC** <br>3.251% due 10/15/2036 •  | 500 | 578 |
| **Grosvenor Place CLO DAC** <br>3.256% due 01/15/2039 •  | 500 | 578 |
| **Harvest CLO XXI DAC** <br>1.040% due 07/15/2031 | 135 | 154 |
| **Hayfin Emerald CLO XIV DAC** <br>3.237% due 01/22/2039 •  | 600 | 693 |
| **ICG Euro CLO DAC** <br>3.320% (EUR003M + 1.290%) due 01/26/2038 ~ | 500 | 578 |
| **Jubilee CLO DAC** <br>2.666% due 04/15/2031 •  | 105 | 122 |
| **Man GLG Euro CLO V DAC** <br>2.840% due 12/15/2031 •  | 6 | 7 |
| **Providus CLO VII DAC** <br>3.181% due 07/15/2038 •  | 500 | 576 |
| **Rockford Tower Europe CLO DAC** <br>2.990% due 01/24/2035 •  | 600 | 692 |
| Total Ireland (Cost $4,885) |  | 5011 |
| **ISRAEL 1.0%**  |  |  |
| **SOVEREIGN ISSUES 1.0%**  |  |  |
| **Israel Government International Bonds**  |  |  |
| 5.375% due 03/12/2029  | $200 | 203 |
| 5.375% due 02/19/2030  | 700 | 711 |
| 5.500% due 03/12/2034  | 200 | 203 |
| 5.750% due 03/12/2054  | 200 | 187 |

---

------

<br> Schedule of Investments PIMCO Global Bond Opportunities Portfolio (Unhedged) (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 165 | 206 |
| Total Israel (Cost $1,285) |  | 1304 |
| **ITALY 0.1%**  |  |  |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **Cassa Depositi e Prestiti SpA** <br>5.750% due 05/05/2026 | $200 | 200 |
| Total Italy (Cost $200) |  | 200 |
| **JAPAN 5.1%**  |  |  |
| **CORPORATE BONDS & NOTES 0.4%**  |  |  |
| **Mitsubishi UFJ Financial Group, Inc.** <br>4.527% due 09/12/2031 •  | $200 | 198 |
| **Sumitomo Mitsui Financial Group, Inc.** <br>5.520% due 01/13/2028 | 300 | 306 |
|  |  | 504 |
| **SOVEREIGN ISSUES 4.7%**  |  |  |
| **Development Bank of Japan, Inc.** <br>4.000% due 08/28/2027 | 300 | 300 |
| **Japan Finance Organization for Municipalities** <br>2.375% due 09/08/2027 | 2300 | 2638 |
| **Japan Government CPI-Linked Bonds** <br>0.100% due 03/10/2028 (f) | 196782 | 1244 |
| **Japan Government Five Year Bonds** <br>0.400% due 06/20/2029 | 110000 | 668 |
| **Japan Government Forty Year Bonds** <br>2.200% due 03/20/2064 | 60000 | 262 |
| **Japan Government Thirty Year Bonds**  |  |  |
| 0.700% due 06/20/2051  | 14000 | 46 |
| 2.300% due 12/20/2054  | 27200 | 130 |
| **Japan Government Twenty Year Bonds**  |  |  |
| 0.400% due 06/20/2040  | 80000 | 360 |
| 2.000% due 12/20/2044  | 80000 | 419 |
| 2.400% due 03/20/2045  | 47000 | 262 |
|  |  | 6329 |
| Total Japan (Cost $7,631) |  | 6833 |
| **JERSEY, CHANNEL ISLANDS 0.2%**  |  |  |
| **ASSET-BACKED SECURITIES 0.2%**  |  |  |
| **Verdelite Static CLO Ltd.** <br>4.798% due 07/20/2032 •  | $301 | 301 |
| Total Jersey, Channel Islands (Cost $301) |  | 301 |
| **KUWAIT 0.5%**  |  |  |
| **SOVEREIGN ISSUES 0.5%**  |  |  |
| **Kuwait International Government Bonds**  |  |  |
| 4.016% due 10/09/2028  | $300 | 296 |
| 4.136% due 10/09/2030  | 200 | 196 |
| 4.652% due 10/09/2035  | 200 | 192 |
| Total Kuwait (Cost $700) |  | 684 |
| **LUXEMBOURG 0.6%**  |  |  |
| **SOVEREIGN ISSUES 0.6%**  |  |  |
| **Eagle Funding Luxco SARL** <br>5.500% due 08/17/2030 | $800 | 805 |
| Total Luxembourg (Cost $798) |  | 805 |
| **MALAYSIA 0.1%**  |  |  |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **Malaysia Government Bonds** <br>2.632% due 04/15/2031 | 700 | 167 |

---

------

<br> Schedule of Investments PIMCO Global Bond Opportunities Portfolio (Unhedged) (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 165 | 206 |
| Total Malaysia (Cost $151) |  | 167 |
| **NETHERLANDS 0.2%**  |  |  |
| **CORPORATE BONDS & NOTES 0.2%**  |  |  |
| **ABN AMRO Bank NV** <br>5.515% due 12/03/2035 •  | $300 | 304 |
| Total Netherlands (Cost $300) |  | 304 |
| **NORWAY 0.2%**  |  |  |
| **SOVEREIGN ISSUES 0.2%**  |  |  |
| **Kommunalbanken AS** <br>1.900% due 01/19/2027 | 300 | 202 |
| Total Norway (Cost $219) |  | 202 |
| **PERU 2.2%**  |  |  |
| **SOVEREIGN ISSUES 2.2%**  |  |  |
| **Peru Government Bonds**  |  |  |
| 6.850% due 08/12/2035  | 900 | 264 |
| 7.300% due 08/12/2033  | 6000 | 1889 |
| 7.600% due 08/12/2039  | 1400 | 418 |
| **Peru Government International Bonds**  |  |  |
| 6.150% due 08/12/2032  | 100 | 30 |
| 6.900% due 08/12/2037  | 1200 | 343 |
| Total Peru (Cost $2,808) |  | 2944 |
| **POLAND 0.3%**  |  |  |
| **SOVEREIGN ISSUES 0.3%**  |  |  |
| **Republic of Poland Government International Bonds**  |  |  |
| 4.875% due 02/12/2030  | $100 | 103 |
| 5.125% due 09/18/2034  | 200 | 201 |
| 5.375% due 02/12/2035  | 100 | 102 |
| Total Poland (Cost $398) |  | 406 |
| **QATAR 0.1%**  |  |  |
| **CORPORATE BONDS & NOTES 0.1%**  |  |  |
| **QatarEnergy** <br>2.250% due 07/12/2031 | $200 | 176 |
| Total Qatar (Cost $199) |  | 176 |
| **ROMANIA 0.6%**  |  |  |
| **SOVEREIGN ISSUES 0.6%**  |  |  |
| **Romania Government International Bonds**  |  |  |
| 1.750% due 07/13/2030  | 200 | 204 |
| 2.124% due 07/16/2031  | 100 | 99 |
| 5.000% due 09/27/2026  | 220 | 257 |
| 5.250% due 03/10/2030  | 100 | 117 |
| 5.250% due 05/30/2032  | 100 | 114 |
| Total Romania (Cost $801) |  | 791 |
| **SAUDI ARABIA 1.9%**  |  |  |
| **CORPORATE BONDS & NOTES 0.1%**  |  |  |
| **Saudi Arabian Oil Co.** <br>6.375% due 06/02/2055 | $200 | 199 |
| **SOVEREIGN ISSUES 1.8%**  |  |  |
| **Saudi Government International Bonds**  |  |  |
| 3.375% due 03/05/2032  | 300 | 336 |
| 4.750% due 01/18/2028  | $300 | 301 |
| 4.750% due 01/16/2030  | 1100 | 1100 |
| 5.125% due 01/13/2028  | 400 | 404 |

---

------

<br> Schedule of Investments PIMCO Global Bond Opportunities Portfolio (Unhedged) (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 165 | 206 |
| 5.375% due 01/13/2031  | 200 | 205 |
|  |  | 2346 |
| Total Saudi Arabia (Cost $2,504) |  | 2545 |
| **SERBIA 0.1%**  |  |  |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **Serbia International Bonds**  |  |  |
| 1.000% due 09/23/2028  | 100 | 107 |
| 2.050% due 09/23/2036  | 100 | 87 |
| Total Serbia (Cost $232) |  | 194 |
| **SOUTH AFRICA 2.6%**  |  |  |
| **SOVEREIGN ISSUES 2.6%**  |  |  |
| **Republic of South Africa Government Bonds**  |  |  |
| 6.250% due 03/31/2036  | 1700 | 81 |
| 8.000% due 01/31/2030  | 13000 | 760 |
| 8.750% due 02/28/2048  | 1800 | 96 |
| 8.875% due 02/28/2035  | 43900 | 2550 |
| Total South Africa (Cost $3,235) |  | 3487 |
| **SPAIN 4.2%**  |  |  |
| **SOVEREIGN ISSUES 4.2%**  |  |  |
| **Autonomous Community of Catalonia** <br>4.220% due 04/26/2035 | 100 | 118 |
| **Spain Government Bonds**  |  |  |
| 1.450% due 04/30/2029  | 179 | 199 |
| 2.400% due 05/31/2028  | 1050 | 1205 |
| 3.150% due 04/30/2035  | 200 | 226 |
| 3.450% due 10/31/2034  | 2490 | 2895 |
| 3.500% due 05/31/2029  | 800 | 944 |
| Total Spain (Cost $5,602) |  | 5587 |
| **SUPRANATIONAL 0.7%**  |  |  |
| **SOVEREIGN ISSUES 0.7%**  |  |  |
| **European Union** <br>3.750% due 10/12/2045 | 800 | 896 |
| Total Supranational (Cost $932) |  | 896 |
| **THAILAND 0.5%**  |  |  |
| **SOVEREIGN ISSUES 0.5%**  |  |  |
| **Thailand Government Bonds**  |  |  |
| 1.840% due 05/17/2036  | 1375 | 40 |
| 2.700% due 06/17/2040  | 15500 | 463 |
| 2.980% due 06/17/2045  | 4595 | 134 |
| Total Thailand (Cost $684) |  | 637 |
| **UNITED ARAB EMIRATES 0.4%**  |  |  |
| **CORPORATE BONDS & NOTES 0.1%**  |  |  |
| **Abu Dhabi Developmental Holding Co. PJSC** <br>4.500% due 05/06/2030 | $200 | 197 |
| **SOVEREIGN ISSUES 0.3%**  |  |  |
| **Abu Dhabi Government International Bonds** <br>5.500% due 04/30/2054 | 400 | 384 |
| Total United Arab Emirates (Cost $592) |  | 581 |
| **UNITED KINGDOM 7.5%**  |  |  |
| **CORPORATE BONDS & NOTES 1.4%**  |  |  |
| **HSBC Holdings PLC**  |  |  |
| 3.973% due 05/22/2030 •  | $100 | 98 |
| 4.041% due 03/13/2028 •  | 200 | 199 |
| 4.787% due 03/10/2032 •  | 200 | 241 |
| **NatWest Group PLC** <br>4.892% due 05/18/2029 •  | $400 | 403 |
| **Santander U.K. Group Holdings PLC** <br>6.534% due 01/10/2029 •  | 300 | 310 |

---

------

<br> Schedule of Investments PIMCO Global Bond Opportunities Portfolio (Unhedged) (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 165 | 206 |
| **Standard Chartered PLC** <br>2.608% due 01/12/2028 •  | 200 | 197 |
| **Vmed O2 U.K. Financing I PLC** <br>5.625% due 04/15/2032 | 400 | 426 |
|  |  | 1874 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 1.8%**  |  |  |
| **Elstree 1st PLC** <br>4.473% due 10/21/2065 •  | 492 | 649 |
| **Eurohome U.K. Mortgages PLC** <br>4.015% due 06/15/2044 •  | 17 | 23 |
| **Eurosail-U.K. PLC** <br>4.815% due 06/13/2045 •  | 54 | 71 |
| **Polaris PLC** <br>4.464% due 06/27/2070 •  | 500 | 660 |
| **Towd Point Mortgage Funding - Granite 6 PLC** <br>4.669% due 07/20/2053 •  | 312 | 414 |
| **Tower Bridge Funding PLC** <br>4.536% due 12/20/2066 ~•  | 469 | 621 |
|  |  | 2438 |
| **SOVEREIGN ISSUES 4.3%**  |  |  |
| **U.K. Gilts**  |  |  |
| 4.375% due 03/07/2030  | 4000 | 5285 |
| 5.375% due 01/31/2056  | 300 | 388 |
|  |  | 5673 |
| Total United Kingdom (Cost $10,143) |  | 9985 |
| **UNITED STATES 83.8%**  |  |  |
| **ASSET-BACKED SECURITIES 2.9%**  |  |  |
| **ACE Securities Corp. Home Equity Loan Trust** <br>4.693% due 08/25/2035 •  | $291 | 292 |
| **C-BASS Trust** <br>3.913% due 11/25/2036 •  | 12 | 5 |
| **Citigroup Mortgage Loan Trust, Inc.** <br>3.643% due 07/25/2035 •  | 361 | 351 |
| **Conseco Finance Securitizations Corp.** <br>7.490% due 07/01/2031 þ | 147 | 149 |
| **Countrywide Asset-Backed Certificates** <br>4.193% due 08/25/2034 •  | 53 | 52 |
| **Countrywide Asset-Backed Certificates Trust**  |  |  |
| 4.233% due 06/25/2047 •  | 394 | 385 |
| 4.533% due 08/25/2047 •  | 35 | 35 |
| **GSAMP Trust** <br>4.293% due 05/25/2046 •  | 270 | 262 |
| **Morgan Stanley ABS Capital I, Inc. Trust**  |  |  |
| 3.903% due 03/25/2037 •  | 716 | 289 |
| 4.293% due 08/25/2036 •  | 1623 | 807 |
| **NovaStar Mortgage Funding Trust** <br>4.333% due 05/25/2036 •  | 497 | 488 |
| **Renaissance Home Equity Loan Trust** <br>5.294% due 01/25/2037 þ | 454 | 134 |
| **Securitized Asset-Backed Receivables LLC Trust** <br>3.893% due 12/25/2036 •  | 4 | 2 |
| **SMB Private Education Loan Trust**  |  |  |
| 1.290% due 07/15/2053  | 75 | 72 |
| 4.887% due 07/15/2053 •  | 19 | 19 |
| 5.122% due 02/16/2055 •  | 137 | 139 |
| **Soundview Home Loan Trust** <br>4.293% due 11/25/2036 •  | 349 | 336 |
| **Terwin Mortgage Trust** <br>4.733% due 11/25/2033 •  | 7 | 6 |
| **Washington Mutual Asset-Backed Certificates Trust** <br>3.913% due 10/25/2036 •  | 27 | 10 |
|  |  | 3833 |
| **CORPORATE BONDS & NOTES 4.8%**  |  |  |
| **Athene Global Funding** <br>5.516% due 03/25/2027 | 200 | 202 |
| **Bank of America Corp.** <br>5.511% due 01/24/2036 •  | 300 | 306 |
| **Beignet Investor LLC** <br>6.581% due 05/30/2049 | 1400 | 1441 |
| **Boeing Co.** <br>6.259% due 05/01/2027 | 100 | 102 |
| **British Airways Pass-Through Trust** <br>3.350% due 12/15/2030 | 36 | 35 |
| **CommonSpirit Health** <br>4.975% due 09/01/2035 | 300 | 293 |

---

------

<br> Schedule of Investments PIMCO Global Bond Opportunities Portfolio (Unhedged) (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 165 | 206 |
| **GA Global Funding Trust** <br>2.250% due 01/06/2027 | 150 | 148 |
| **GLP Capital LP/GLP Financing II, Inc.** <br>5.300% due 01/15/2029 | 200 | 202 |
| **JPMorgan Chase & Co.**  |  |  |
| 4.505% due 10/22/2028 •  | 400 | 400 |
| 5.140% due 01/24/2031 •  | 400 | 407 |
| **Kraton Corp.** <br>5.000% due 07/15/2027 | 300 | 302 |
| **Morgan Stanley** <br>5.652% due 04/13/2028 •  | 500 | 506 |
| **Morgan Stanley Bank NA** <br>5.504% due 05/26/2028 •  | 300 | 303 |
| **Pacific Gas & Electric Co.** <br>4.000% due 12/01/2046 | 100 | 73 |
| **PacifiCorp** <br>5.100% due 02/15/2029 | 150 | 152 |
| **Philip Morris International, Inc.** <br>5.125% due 02/13/2031 | 150 | 154 |
| **Southern Co.** <br>1.875% due 09/15/2081 •  | 100 | 112 |
| **Wells Fargo & Co.**  |  |  |
| 5.211% due 12/03/2035 •  | $400 | 398 |
| 5.244% due 01/24/2031 •  | 500 | 510 |
| 5.499% due 01/23/2035 •  | 300 | 306 |
|  |  | 6352 |
| **MUNICIPAL BONDS & NOTES 0.1%**  |  |  |
| **Louisiana Local Government Environmental Facilities & Community Development Auth Revenue Bonds, Series 2022** <br>4.145% due 02/01/2033 | 100 | 99 |
| **Texas Natural Gas Securitization Finance Corp. Revenue Bonds, Series 2023** <br>5.102% due 04/01/2035 | 84 | 86 |
|  |  | 185 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 8.1%**  |  |  |
| **Adjustable Rate Mortgage Trust** <br>4.898% due 09/25/2035 ~ | 1 | 1 |
| **American Home Mortgage Assets Trust**  |  |  |
| 3.983% due 05/25/2046 •  | 81 | 73 |
| 4.003% due 10/25/2046 •  | 207 | 104 |
| **Angel Oak Mortgage Trust** <br>5.985% due 01/25/2069 þ | 336 | 337 |
| **Banc of America Funding Trust**  |  |  |
| 4.356% due 10/20/2046 ~  | 33 | 26 |
| 5.500% due 01/25/2036  | 10 | 10 |
| 5.710% due 02/20/2036 ~  | 22 | 21 |
| **Bayview MSR Opportunity Master Fund Trust** <br>3.000% due 11/25/2051 ~ | 210 | 183 |
| **BCAP LLC Trust**  |  |  |
| 4.133% due 01/25/2037 •  | 78 | 73 |
| 5.250% due 04/26/2037  | 277 | 149 |
| **Bear Stearns ALT-A Trust**  |  |  |
| 4.132% due 08/25/2036 ~  | 92 | 41 |
| 4.567% due 11/25/2035 ~  | 36 | 27 |
| 4.718% due 09/25/2035 ~  | 40 | 21 |
| **Bear Stearns ARM Trust**  |  |  |
| 4.000% due 05/25/2034 ~  | 1 | 1 |
| 4.065% due 05/25/2047 ~  | 52 | 47 |
| 5.013% due 08/25/2033 ~  | 2 | 2 |
| 5.599% due 10/25/2033 ~  | 1 | 1 |
| 5.703% due 11/25/2034 ~  | 1 | 1 |
| 6.516% due 05/25/2034 ~  | 3 | 3 |
| **Bear Stearns Structured Products, Inc. Trust** <br>3.920% due 12/26/2046 ~ | 28 | 22 |
| **BX Commercial Mortgage Trust** <br>4.517% due 10/15/2036 •  | 119 | 119 |
| **Chase Mortgage Finance Trust** <br>4.904% due 07/25/2037 ~ | 9 | 7 |
| **Chevy Chase Funding LLC Mortgage-Backed Certificates** <br>3.973% due 07/25/2036 •  | 132 | 122 |
| **CHL Mortgage Pass-Through Trust**  |  |  |
| 3.634% due 05/25/2047 ~  | 36 | 32 |
| 4.253% due 05/25/2035 •  | 20 | 18 |
| 4.333% due 04/25/2046 •  | 900 | 251 |
| 4.373% due 04/25/2035 •  | 1 | 1 |
| 4.393% due 03/25/2035 •  | 254 | 120 |
| 4.413% due 02/25/2035 •  | 145 | 136 |
| 4.433% due 03/25/2035 •  | 20 | 18 |
| 4.453% due 02/25/2035 •  | 2 | 2 |
| 4.553% due 09/25/2034 •  | 1 | 1 |
| 4.787% due 11/25/2034 ~  | 3 | 3 |
| 5.500% due 10/25/2035  | 29 | 14 |
| 6.148% due 02/20/2036 •  | 113 | 107 |

---

------

<br> Schedule of Investments PIMCO Global Bond Opportunities Portfolio (Unhedged) (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 165 | 206 |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 2.500% due 05/25/2051 ~  | 643 | 536 |
| 5.900% due 10/25/2035 •  | 70 | 68 |
| 6.190% due 09/25/2035 •  | 1 | 1 |
| **Countrywide Alternative Loan Trust**  |  |  |
| 3.985% due 12/20/2046 •  | 127 | 115 |
| 4.002% due 11/25/2035 •  | 7 | 6 |
| 4.143% due 05/25/2037 •  | 33 | 10 |
| 4.210% due 03/20/2046 •  | 41 | 38 |
| 4.210% due 07/20/2046 •  | 69 | 61 |
| 4.353% due 02/25/2037 •  | 45 | 38 |
| 4.645% due 11/25/2035 ~  | 64 | 60 |
| 5.250% due 06/25/2035  | 5 | 4 |
| 5.359% due 11/25/2035 •  | 7 | 6 |
| 6.000% due 04/25/2037  | 37 | 15 |
| 6.250% due 08/25/2037  | 16 | 7 |
| 6.500% due 06/25/2036  | 88 | 39 |
| **CSMC Trust**  |  |  |
| 2.500% due 07/25/2056 ~  | 66 | 55 |
| 6.500% due 07/26/2036  | 103 | 21 |
| **Deutsche Alt-B Securities, Inc. Mortgage Loan Trust** <br>6.386% due 10/25/2036 þ | 69 | 60 |
| **GCAT Trust**  |  |  |
| 3.000% due 04/25/2052 ~  | 310 | 270 |
| 4.250% due 05/25/2067 ~  | 482 | 456 |
| **GreenPoint Mortgage Funding Trust** <br>4.333% due 11/25/2045 •  | 3 | 2 |
| **GS Mortgage-Backed Securities Trust** <br>2.500% due 12/25/2051 ~ | 72 | 60 |
| **GSR Mortgage Loan Trust**  |  |  |
| 4.394% due 06/25/2034 ~  | 1 | 1 |
| 4.860% due 09/25/2035 ~  | 18 | 17 |
| 5.270% due 03/25/2033 •  | 1 | 1 |
| **HarborView Mortgage Loan Trust** <br>4.709% due 12/19/2036 •  | 45 | 42 |
| **IndyMac INDX Mortgage Loan Trust** <br>3.844% due 09/25/2035 ~ | 64 | 52 |
| **JP Morgan Mortgage Trust**  |  |  |
| 3.000% due 01/25/2052 ~  | 491 | 427 |
| 3.000% due 03/25/2052 ~  | 459 | 401 |
| 3.000% due 04/25/2052 ~  | 466 | 405 |
| 3.000% due 05/25/2052 ~  | 696 | 606 |
| 4.391% due 01/25/2037 ~  | 46 | 39 |
| 5.132% due 02/25/2035 ~  | 1 | 1 |
| 5.681% due 11/25/2033 ~  | 1 | 1 |
| **Luminent Mortgage Trust** <br>4.513% due 04/25/2036 •  | 139 | 125 |
| **Manhattan West Mortgage Trust** <br>2.130% due 09/10/2039 | 400 | 386 |
| **MASTR Adjustable Rate Mortgages Trust** <br>5.572% due 05/25/2034 ~ | 104 | 102 |
| **MASTR Alternative Loan Trust** <br>4.193% due 03/25/2036 •  | 43 | 3 |
| **Mellon Residential Funding Corp. Mortgage Pass-Through Trust** <br>4.227% due 12/15/2030 •  | 1 | 1 |
| **Merrill Lynch Mortgage Investors Trust**  |  |  |
| 4.213% due 02/25/2036 •  | 13 | 13 |
| 5.900% due 02/25/2033 ~  | 1 | 1 |
| **Merrill Lynch Mortgage-Backed Securities Trust** <br>3.848% due 04/25/2037 ~ | 3 | 2 |
| **MFA Trust** <br>6.105% due 12/25/2068 þ | 268 | 269 |
| **New Residential Mortgage Loan Trust**  |  |  |
| 2.750% due 07/25/2059 ~  | 152 | 147 |
| 2.750% due 11/25/2059 ~  | 138 | 133 |
| **Nomura Asset Acceptance Corp. Alternative Loan Trust** <br>4.155% due 10/25/2035 ~ | 3 | 3 |
| **NYO Commercial Mortgage Trust** <br>4.882% due 11/15/2038 •  | 400 | 399 |
| **OBX Trust** <br>4.443% due 06/25/2057 •  | 44 | 43 |
| **One New York Plaza Trust** <br>4.737% due 01/15/2036 •  | 472 | 456 |
| **PMT Loan Trust** <br>2.500% due 07/25/2051 ~ | 291 | 242 |
| **PRPM Trust** <br>6.221% due 11/25/2068 þ | 292 | 294 |
| **RALI Trust**  |  |  |
| 4.213% due 04/25/2046 •  | 117 | 28 |
| 6.000% due 12/25/2036  | 106 | 89 |
| **RFMSI Trust** <br>5.500% due 11/25/2035 | 19 | 14 |
| **Structured Adjustable Rate Mortgage Loan Trust**  |  |  |
| 5.939% due 02/25/2034 ~  | 1 | 1 |
| **Structured Asset Mortgage Investments II Trust**  |  |  |
| 4.173% due 07/25/2046 •  | 144 | 102 |

---

------

<br> Schedule of Investments PIMCO Global Bond Opportunities Portfolio (Unhedged) (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 165 | 206 |
| 4.213% due 05/25/2036 •  | 27 | 19 |
| 4.233% due 05/25/2036 •  | 132 | 111 |
| 4.233% due 09/25/2047 •  | 120 | 109 |
| 4.291% due 07/19/2035 •  | 11 | 11 |
| 4.353% due 02/25/2036 •  | 106 | 91 |
| 4.491% due 03/19/2034 •  | 1 | 1 |
| **Structured Asset Securities Corp.** <br>4.073% due 01/25/2036 •  | 58 | 49 |
| **Suntrust Alternative Loan Trust** <br>4.443% due 12/25/2035 •  | 102 | 88 |
| **Towd Point Mortgage Trust**  |  |  |
| 1.636% due 04/25/2060 ~  | 161 | 147 |
| 2.710% due 01/25/2060 ~  | 100 | 97 |
| 2.900% due 10/25/2059 ~  | 475 | 457 |
| 4.546% due 10/27/2064 ~  | 524 | 525 |
| **WaMu Mortgage Pass-Through Certificates Trust**  |  |  |
| 3.534% due 01/25/2037 ~  | 8 | 7 |
| 3.868% due 06/25/2037 ~  | 19 | 16 |
| 4.108% due 12/25/2036 ~  | 11 | 11 |
| 4.135% due 09/25/2036 ~  | 27 | 23 |
| 4.260% due 12/25/2036 ~  | 2 | 1 |
| 4.333% due 12/25/2045 •  | 7 | 7 |
| 4.413% due 01/25/2045 •  | 1 | 1 |
| 4.433% due 01/25/2045 •  | 1 | 1 |
| 4.559% due 02/25/2047 •  | 110 | 104 |
| 4.907% due 07/25/2046 •  | 66 | 61 |
| 5.180% due 02/25/2033 ~  | 13 | 13 |
| 5.259% due 08/25/2042 •  | 1 | 1 |
| 5.600% due 03/25/2034 ~  | 4 | 4 |
| 5.718% due 06/25/2033 ~  | 1 | 1 |
| **Washington Mutual Mortgage Pass-Through Certificates Trust** <br>4.799% due 07/25/2046 •  | 27 | 17 |
|  |  | 10841 |
| **SOVEREIGN ISSUES 0.0%**  |  |  |
| **Colombia Government International Bonds** <br>1.000% due 03/26/2031 «(b) | 34700 | 7 |
| **Colombia TES** <br>1.000% due 11/28/2040 «(b) | 17300 | 5 |
|  |  | 12 |
| **U.S. GOVERNMENT AGENCIES 57.0%**  |  |  |
| **Federal Home Loan Mortgage Corp.**  |  |  |
| 2.500% due 02/01/2051 | $190 | 161 |
| 3.000% due 03/01/2045 | 130 | 119 |
| 3.500% due 10/01/2039 | 33 | 32 |
| 6.000% due 04/01/2054 - 08/01/2054 | 7139 | 7326 |
| 6.500% due 12/01/2053 - 10/01/2055 | 805 | 833 |
| 6.807% due 04/01/2037 •  | 2 | 2 |
| **Federal Home Loan Mortgage Corp. Reference REMICS**<br>6.000% due 04/15/2036 | 58 | 61 |
| **Federal Home Loan Mortgage Corp. REMICS**  |  |  |
| 2.142% due 01/15/2038 ~(a) | 50 | 2 |
| 4.146% due 01/15/2038 •  | 50 | 49 |
| 4.602% due 11/25/2054 •  | 433 | 436 |
| 4.612% due 03/25/2055 •  | 373 | 377 |
| 4.642% due 08/25/2055 •  | 247 | 249 |
| 5.062% due 03/25/2055 •  | 482 | 486 |
| **Federal Home Loan Mortgage Corp. Structured Pass-Through Certificates**  |  |  |
| 4.056% due 09/25/2031 •  | 2 | 2 |
| 5.059% due 10/25/2044 •  | 9 | 8 |
| **Federal National Mortgage Association**  |  |  |
| 3.000% due 08/01/2042 - 03/01/2060 | 425 | 374 |
| 3.500% due 10/01/2034 - 01/01/2059 | 490 | 451 |
| 4.000% due 06/01/2050 | 92 | 87 |
| 5.754% due 12/01/2034 •  | 1 | 1 |
| 6.000% due 01/01/2054 - 09/01/2054 | 5555 | 5700 |
| 6.232% due 11/01/2034 •  | 4 | 4 |
| **Federal National Mortgage Association REMICS**  |  |  |
| 4.176% due 06/25/2036 •  | 4 | 4 |
| **Federal National Mortgage Association REMICS Trust**<br>6.000% due 07/25/2044 | 6 | 6 |
| **Government National Mortgage Association**  |  |  |
| 3.000% due 12/20/2052 | 404 | 362 |
| 3.500% due 10/20/2052 - 03/20/2056 | 6634 | 6094 |
| 6.000% due 09/20/2038 | 1 | 1 |
| **Government National Mortgage Association REMICS**  |  |  |
| 3.000% due 07/20/2046 | 2 | 2 |
| 4.463% due 04/20/2074 •  | 465 | 469 |
| **Government National Mortgage Association, TBA**  |  |  |
| 2.500% due 05/01/2056 | 600 | 516 |
| 3.000% due 04/01/2056 | 3800 | 3393 |
| 3.500% due 04/01/2056 | 500 | 459 |
| 6.500% due 05/01/2056 | 5500 | 5700 |

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<br> Schedule of Investments PIMCO Global Bond Opportunities Portfolio (Unhedged) (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 165 | 206 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 3.000% due 06/01/2040 | 1100 | 965 |
| 4.000% due 06/01/2056 | 600 | 565 |
| 4.500% due 05/01/2056 | 9900 | 9545 |
| 5.000% due 05/01/2056 | 31400 | 30931 |
| 6.500% due 05/01/2056 | 200 | 207 |
|  |  | 75979 |
| **U.S. TREASURY OBLIGATIONS 10.9%**  |  |  |
| **U.S. Treasury Bonds**  |  |  |
| 1.875% due 02/15/2041 (l) | 300 | 208 |
| 2.250% due 08/15/2049 | 400 | 249 |
| 2.375% due 11/15/2049 | 300 | 191 |
| 3.000% due 02/15/2048 (l) | 400 | 295 |
| 3.000% due 08/15/2048 | 175 | 128 |
| 3.375% due 11/15/2048 (h)(l) | 1400 | 1098 |
| 4.125% due 08/15/2044 (h) | 3650 | 3312 |
| 4.500% due 11/15/2054 (h) | 3100 | 2897 |
| 4.625% due 02/15/2055 (h) | 2000 | 1908 |
| 4.875% due 08/15/2045 | 38 | 38 |
| **U.S. Treasury Inflation Protected Securities (f)** |  |  |
| 1.750% due 01/15/2028 (h)(j) | 2173 | 2205 |
| 3.875% due 04/15/2029  | 317 | 342 |
| 0.125% due 07/15/2031  | 364 | 340 |
| 0.125% due 01/15/2032  | 117 | 108 |
| 0.625% due 07/15/2032  | 112 | 106 |
| 1.125% due 01/15/2033 (h) | 873 | 841 |
| **U.S. Treasury Notes**  |  |  |
| 4.125% due 02/15/2036 | 200 | 197 |
| 4.250% due 08/15/2035 | 100 | 100 |
|  |  | 14563 |
| Total United States (Cost $114,765) |  | 111765 |
| **SHORT-TERM INSTRUMENTS 3.6%**  |  |  |
| **COMMERCIAL PAPER 1.6%**  |  |  |
| **Alimentation Couche-Tard, Inc.** <br>3.930% due 04/01/2026 | $350 | 350 |
| **CBRE Services, Inc.** <br>3.970% due 06/12/2026 | 400 | 397 |
| **Crown Castle, Inc.** <br>4.300% due 04/21/2026 | 250 | 249 |
| **Harley-Davidson Financial Services, Inc.** <br>4.170% due 04/08/2026 | 100 | 100 |
| **HCA, Inc.** <br>4.200% due 05/18/2026 | 400 | 398 |
| **Keurig Dr. Pepper, Inc.** <br>4.320% due 04/28/2026 | 600 | 598 |
|  |  | 2092 |
| **REPURCHASE AGREEMENTS (g) 0.6%** |  | 789 |
| **EGYPT TREASURY BILLS 0.0%**  |  |  |
| 24.060% due 10/20/2026 (d)(e) | 200 | 3 |
| **NIGERIA TREASURY BILLS 0.6%**  |  |  |
| 31.831% due 06/11/2026 - 06/29/2026 (c)(d) | 1235770 | 854 |
| **SOUTH AFRICA TREASURY BILLS 0.8%**  |  |  |
| 7.351% due 04/22/2026 - 11/18/2026 (c)(d)(e) | 17470 | 1015 |
| Total Short-Term Instruments (Cost $4,660) |  | 4753 |
| Total Investments in Securities (Cost $190,270) |  | 187443 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 3.3%**  |  |  |
| **SHORT-TERM INSTRUMENTS 3.3%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 3.3%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 448708 | 4370 |

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------

<br> Schedule of Investments PIMCO Global Bond Opportunities Portfolio (Unhedged) (Cont.) March 31, 2026 (Unaudited)

---

| | |
|:---|:---|
| 0 | 206 |
| Total Short-Term Instruments (Cost $4,370) | 4370 |
| Total Investments in Affiliates (Cost $4,370) | 4370 |
| Total Investments 143.9% (Cost $194,640) | $191813 |
| **Financial Derivative Instruments (i)(k) 0.2**%(Cost or Premiums, net $2,092) | 225 |
| Other Assets and Liabilities, net (44.1)% | (58751) |
| Net Assets 100.0% | $133287 |

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------

<br> Schedule of Investments PIMCO Global Bond Opportunities Portfolio (Unhedged) (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 27 | 78 | 84 | 106 | 125 | 126 | 154 | 157 | 165 | 183 | 196 | 206 | 219 |
| **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)** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** |
| **(b)** | **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.** |
| **(c)** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** |
| **(d)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(e)** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** |
| **(f)** | **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.** |
| **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** |
| **(g)** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** |
| Counterparty | Maturity<br>Date | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | Collateral<br>(Received) | Collateral<br>(Received) | Repurchase<br>Agreements,<br>at Value | Repurchase<br>Agreements,<br>at Value | Repurchase<br>Agreement<br>Proceeds<br>to be<br>Received<sup>(1)</sup> |
| BRC | TBD<sup>(2)</sup> | &nbsp;&nbsp; French Republic Government Bonds OAT 3.000% due 06/25/2049 | &nbsp;&nbsp; French Republic Government Bonds OAT 3.000% due 06/25/2049 | &nbsp;&nbsp; French Republic Government Bonds OAT 3.000% due 06/25/2049 | &nbsp;&nbsp; French Republic Government Bonds OAT 3.000% due 06/25/2049 | &nbsp;&nbsp; French Republic Government Bonds OAT 3.000% due 06/25/2049 | &nbsp;&nbsp; French Republic Government Bonds OAT 3.000% due 06/25/2049 | &nbsp;&nbsp; French Republic Government Bonds OAT 3.000% due 06/25/2049 | (287) | (287) | 296 | 296 | $300 |
| MEI | TBD<sup>(2)</sup> | &nbsp;&nbsp; French Republic Government Bonds OAT 3.000% due 06/25/2049 | &nbsp;&nbsp; French Republic Government Bonds OAT 3.000% due 06/25/2049 | &nbsp;&nbsp; French Republic Government Bonds OAT 3.000% due 06/25/2049 | &nbsp;&nbsp; French Republic Government Bonds OAT 3.000% due 06/25/2049 | &nbsp;&nbsp; French Republic Government Bonds OAT 3.000% due 06/25/2049 | &nbsp;&nbsp; French Republic Government Bonds OAT 3.000% due 06/25/2049 | &nbsp;&nbsp; French Republic Government Bonds OAT 3.000% due 06/25/2049 | (479) | (479) | 493 | 493 | 500 |
| **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** |  |  |  |  |  |  | **(766)** | **(766)** | **789** | **789** | $**800** |
| **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 | Borrowing Rate<sup>(3)</sup> | Settlement Date | Settlement Date | Maturity Date | Maturity Date | Maturity Date |  | Amount<br>Borrowed<sup>(3)</sup> | Amount<br>Borrowed<sup>(3)</sup> | Amount<br>Borrowed<sup>(3)</sup> | Payable for<br>Reverse<br>Repurchase<br>Agreements | Payable for<br>Reverse<br>Repurchase<br>Agreements |
| BSN | BSN | 3.770%  | 03/06/2026 | 03/06/2026 | 04/06/2026 | 04/06/2026 | 04/06/2026 | $ | (7851) | (7851) | (7851) | (7873) | (7873) |
| JPS | JPS | 3.760  | 03/12/2026 | 03/12/2026 | 04/23/2026 | 04/23/2026 | 04/23/2026 |  | (1341) | (1341) | (1341) | (1343) | (1343) |
|  |  | 3.760  | 03/13/2026 | 03/13/2026 | 04/17/2026 | 04/17/2026 | 04/17/2026 |  | (2291) | (2291) | (2291) | (2296) | (2296) |
| **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** |  |  |  |  |  |  |  |  |  |  | **(11512)** | **(11512)** |
| **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 | Coupon | Coupon | Maturity<br>Date | Principal<br>Amount | Principal<br>Amount | Principal<br>Amount | Proceeds | Proceeds | Proceeds | Payable for<br>Short Sales |
| France (0.6)% | France (0.6)% | France (0.6)% | France (0.6)% | France (0.6)% | France (0.6)% | France (0.6)% | France (0.6)% | France (0.6)% | France (0.6)% | France (0.6)% | France (0.6)% | France (0.6)% | France (0.6)% |
| &nbsp;&nbsp;&nbsp;&nbsp; Sovereign Issues (0.6)% | &nbsp;&nbsp;&nbsp;&nbsp; Sovereign Issues (0.6)% | &nbsp;&nbsp;&nbsp;&nbsp; Sovereign Issues (0.6)% | &nbsp;&nbsp;&nbsp;&nbsp; Sovereign Issues (0.6)% | &nbsp;&nbsp;&nbsp;&nbsp; Sovereign Issues (0.6)% | &nbsp;&nbsp;&nbsp;&nbsp; Sovereign Issues (0.6)% | &nbsp;&nbsp;&nbsp;&nbsp; Sovereign Issues (0.6)% | &nbsp;&nbsp;&nbsp;&nbsp; Sovereign Issues (0.6)% | &nbsp;&nbsp;&nbsp;&nbsp; Sovereign Issues (0.6)% | &nbsp;&nbsp;&nbsp;&nbsp; Sovereign Issues (0.6)% | &nbsp;&nbsp;&nbsp;&nbsp; Sovereign Issues (0.6)% | &nbsp;&nbsp;&nbsp;&nbsp; Sovereign Issues (0.6)% | &nbsp;&nbsp;&nbsp;&nbsp; Sovereign Issues (0.6)% | &nbsp;&nbsp;&nbsp;&nbsp; Sovereign Issues (0.6)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; French Republic Government Bonds OAT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; French Republic Government Bonds OAT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; French Republic Government Bonds OAT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; French Republic Government Bonds OAT  | 3.000% | 3.000% | 06/25/2049 | EUR | 800 | 800 | $ | (799) | (799) | $(770) |
| United States (22.6)% | United States (22.6)% | United States (22.6)% | United States (22.6)% | United States (22.6)% | United States (22.6)% | United States (22.6)% | United States (22.6)% | United States (22.6)% | United States (22.6)% | United States (22.6)% | United States (22.6)% | United States (22.6)% | United States (22.6)% |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (22.6)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (22.6)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (22.6)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (22.6)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (22.6)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (22.6)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (22.6)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (22.6)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (22.6)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (22.6)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (22.6)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (22.6)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (22.6)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (22.6)% |
| &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  | 2.000% | 2.000% | 04/01/2041 | $ | $2300 | 2300 |  | (2135) | (2135) | (2116) |
| &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  | 2.000 | 2.000 | 05/01/2056 |  | 12200 | 12200 |  | (9773) | (9773) | (9824) |
| &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  | 2.500 | 2.500 | 05/01/2056 |  | 800 | 800 |  | (670) | (670) | (672) |
| &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  | 3.500 | 3.500 | 06/01/2056 |  | 800 | 800 |  | (729) | (729) | (732) |
| &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  | 5.500 | 5.500 | 05/01/2056 |  | 260 | 260 |  | (262) | (262) | (261) |
| &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  | 6.000 | 6.000 | 06/01/2056 |  | 16300 | 16300 |  | (16529) | (16529) | (16592) |
|  | Total United States | Total United States | Total United States | Total United States | Total United States |  |  |  |  |  | (30098) | (30098) | (30197) |
| **Total Short Sales (23.2)%** | **Total Short Sales (23.2)%** | **Total Short Sales (23.2)%** | **Total Short Sales (23.2)%** |  |  |  |  |  |  | **$** | **(30897)** | **(30897)** | $**(30967)** |
| **(h)** | **Securities with an aggregate market value of $11,231 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $11,231 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $11,231 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $11,231 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $11,231 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $11,231 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $11,231 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $11,231 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $11,231 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $11,231 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $11,231 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $11,231 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $11,231 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** |
| <sup>(1)</sup> | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. |
| <sup>(2)</sup> | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. |

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<br> Schedule of Investments PIMCO Global Bond Opportunities Portfolio (Unhedged) (Cont.) March 31, 2026 (Unaudited)

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| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 6 | 26 | 40 | 44 | 59 | 82 | 86 | 101 | 105 | 153 | 160 | 170 | 185 | 192 | 204 | 219 |
| <sup>(3)</sup> | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(10182) at a weighted average interest rate of 3.769%. 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 $(10182) at a weighted average interest rate of 3.769%. 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 $(10182) at a weighted average interest rate of 3.769%. 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 $(10182) at a weighted average interest rate of 3.769%. 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 $(10182) at a weighted average interest rate of 3.769%. 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 $(10182) at a weighted average interest rate of 3.769%. 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 $(10182) at a weighted average interest rate of 3.769%. 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 $(10182) at a weighted average interest rate of 3.769%. 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 $(10182) at a weighted average interest rate of 3.769%. 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 $(10182) at a weighted average interest rate of 3.769%. 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 $(10182) at a weighted average interest rate of 3.769%. 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 $(10182) at a weighted average interest rate of 3.769%. 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 $(10182) at a weighted average interest rate of 3.769%. 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 $(10182) at a weighted average interest rate of 3.769%. 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 $(10182) at a weighted average interest rate of 3.769%. 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 $(10182) at a weighted average interest rate of 3.769%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. |
| **(i)** | **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** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** |
| Description | Description | Description | Description | Description | Description | Strike<br>Price | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Notional Amount | Notional Amount | Notional Amount | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value |
| Put - CBOE U.S. Treasury 10-Year Note May Futures  | Put - CBOE U.S. Treasury 10-Year Note May Futures  | Put - CBOE U.S. Treasury 10-Year Note May Futures  | Put - CBOE U.S. Treasury 10-Year Note May Futures  | Put - CBOE U.S. Treasury 10-Year Note May Futures  | Put - CBOE U.S. Treasury 10-Year Note May Futures  | $110.000 | 110.000 | 110.000 | 04/24/2026 | $2 | 2 | 2 | (1) | (1) | $ | (1) |
| Call - CBOE U.S. Treasury 10-Year Note May Futures  | Call - CBOE U.S. Treasury 10-Year Note May Futures  | Call - CBOE U.S. Treasury 10-Year Note May Futures  | Call - CBOE U.S. Treasury 10-Year Note May Futures  | Call - CBOE U.S. Treasury 10-Year Note May Futures  | Call - CBOE U.S. Treasury 10-Year Note May Futures  | 113.000 | 113.000 | 113.000 | 04/24/2026 | 2 | 2 | 2 | 0 | 0 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  | $ | (1) | (1) | $ | (1) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **$** | **(1)** | **(1)** | **$** | **(1)** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description |  | 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 |
| 3-Month EURIBOR December Futures  | 3-Month EURIBOR December Futures  | 3-Month EURIBOR December Futures  | 3-Month EURIBOR December Futures  | 12/2026 | 12/2026 | 295 | $ | 82840 | 82840 | (293) | (293) | (293) | 0 | 0 | 0 | 0 |
| Australia Government 3-Year Bond June Futures  | Australia Government 3-Year Bond June Futures  | Australia Government 3-Year Bond June Futures  | Australia Government 3-Year Bond June Futures  | 06/2026 | 06/2026 | 7 |  | 501 | 501 | (2) | (2) | (2) | 2 | 2 | 2 | 0 |
| Euro-BTP Future June Futures  | Euro-BTP Future June Futures  | Euro-BTP Future June Futures  | Euro-BTP Future June Futures  | 06/2026 | 06/2026 | 56 |  | 7527 | 7527 | (265) | (265) | (265) | 91 | 91 | 91 | 0 |
| Long Guilt June Futures  | Long Guilt June Futures  | Long Guilt June Futures  | Long Guilt June Futures  | 06/2026 | 06/2026 | 24 |  | 2789 | 2789 | (118) | (118) | (118) | 21 | 21 | 21 | 0 |
| 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 | 94 |  | 10169 | 10169 | (144) | (144) | (144) | 13 | 13 | 13 | 0 |
| 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 | 45 |  | 4997 | 4997 | (84) | (84) | (84) | 11 | 11 | 11 | 0 |
| 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 | 44 |  | 4995 | 4995 | (89) | (89) | (89) | 13 | 13 | 13 | 0 |
|  |  |  |  |  |  |  |  |  |  | (995) | (995) | $ | 151 | 151 | $ | 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** |
|  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description |  | 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 |
| Australia Government 10-Year Bond June Futures  | Australia Government 10-Year Bond June Futures  | Australia Government 10-Year Bond June Futures  | Australia Government 10-Year Bond June Futures  | 06/2026 | 06/2026 | 83 | $ | (6171) | (6171) | 34 | 34 | 34 | 0 | 0 | 0 | (58) |
| Canada Government 5-Year Bond June Futures  | Canada Government 5-Year Bond June Futures  | Canada Government 5-Year Bond June Futures  | Canada Government 5-Year Bond June Futures  | 06/2026 | 06/2026 | 11 |  | (897) | (897) | 12 | 12 | 12 | 0 | 0 | 0 | (2) |
| Canada Government 10-Year Bond June Futures  | Canada Government 10-Year Bond June Futures  | Canada Government 10-Year Bond June Futures  | Canada Government 10-Year Bond June Futures  | 06/2026 | 06/2026 | 4 |  | (345) | (345) | 7 | 7 | 7 | 0 | 0 | 0 | (1) |
| Euro-Bobl June Futures  | Euro-Bobl June Futures  | Euro-Bobl June Futures  | Euro-Bobl June Futures  | 06/2026 | 06/2026 | 50 |  | (6671) | (6671) | 126 | 126 | 126 | 0 | 0 | 0 | (27) |
| Euro-Bund June Futures  | Euro-Bund June Futures  | Euro-Bund June Futures  | Euro-Bund June Futures  | 06/2026 | 06/2026 | 53 |  | (7681) | (7681) | 162 | 162 | 162 | 0 | 0 | 0 | (56) |
| 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 | 2 |  | (255) | (255) | 3 | 3 | 3 | 0 | 0 | 0 | (5) |
| Euro-Oat June Futures  | Euro-Oat June Futures  | Euro-Oat June Futures  | Euro-Oat June Futures  | 06/2026 | 06/2026 | 85 |  | (11661) | (11661) | 370 | 370 | 370 | 0 | 0 | 0 | (108) |
| Euro-Schatz June Futures  | Euro-Schatz June Futures  | Euro-Schatz June Futures  | Euro-Schatz June Futures  | 06/2026 | 06/2026 | 80 |  | (9778) | (9778) | 87 | 87 | 87 | 0 | 0 | 0 | (13) |
| 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 | 26 |  | (21348) | (21348) | 256 | 256 | 256 | 5 | 5 | 5 | (46) |
| 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 | 17 |  | (1982) | (1982) | 66 | 66 | 66 | 0 | 0 | 0 | (4) |
|  |  |  |  |  |  |  |  |  |  | 1123 | 1123 | $ | 5 | 5 | $ | (320) |
| **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** | **128** | **128** | **$** | **156** | **156** | **$** | **(320)** |
| **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>Variation Margin</u><sup>(7)</sup> | <u>Variation Margin</u><sup>(7)</sup> | <u>Variation Margin</u><sup>(7)</sup> | <u>Variation Margin</u><sup>(7)</sup> |
| Reference Entity | Fixed <br>Receive Rate | Maturity<br>Date | Implied<br>Credit Spread at<br>March 31, 2026<sup>(3)</sup> | Implied<br>Credit Spread at<br>March 31, 2026<sup>(3)</sup> | Implied<br>Credit Spread at<br>March 31, 2026<sup>(3)</sup> | Notional<br>Amount<sup>(4)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Asset | Asset | Liability |
| Deutsche Bank  | 1.000% | 12/20/2032 | 1.263 | 1.263 | % | 200 | 200 | $(2) | (2) | (2) | $(4) | (4) | (4) | $0 | 0 | $0 |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u><sup>(7)</sup> | <u>Variation Margin</u><sup>(7)</sup> | <u>Variation Margin</u><sup>(7)</sup> | <u>Variation Margin</u><sup>(7)</sup> |
| Index/Tranches | Index/Tranches | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount<sup>(4)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Asset | Asset | Liability |
| CDX.IG-45 10-Year Index  | CDX.IG-45 10-Year Index  | Quarterly | 12/20/2035 | 12/20/2035 | $ | 3636 | 3636 | $(29) | (29) | 21 | $(8) | (8) | (8) | $0 | 0 | $(13) |
| CDX.IG-46 10-Year Index  | CDX.IG-46 10-Year Index  | Quarterly | 06/20/2036 | 06/20/2036 |  | 7200 | 7200 | 11 | 11 | (12) | (1) | (1) | (1) | 0 | 0 | (24) |
| CDX.IT-RAXX MAIN45  | CDX.IT-RAXX MAIN45  | Quarterly | 06/20/2031 | 06/20/2031 | EUR | 5500 | 5500 | (89) | (89) | 0 | (89) | (89) | (89) | 0 | 0 | (8) |
|  |  |  |  |  |  |  |  | $(107) | (107) | 9 | $(98) | (98) | (98) | $0 | 0 | $(45) |

---

------

<br> Schedule of Investments PIMCO Global Bond Opportunities Portfolio (Unhedged) (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 4 | 13 | 19 | 23 | 37 | 41 | 67 | 68 | 102 | 134 | 161 | 185 | 193 | 209 | 220 |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u><sup>(7)</sup> | <u>Variation Margin</u><sup>(7)</sup> | <u>Variation Margin</u><sup>(7)</sup> | <u>Variation Margin</u><sup>(7)</sup> |
| Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount<sup>(4)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Asset |  | Liability |
| CDX.IG-44 5-Year Index  | CDX.IG-44 5-Year Index  | 1.000% | 1.000% | Quarterly | 06/20/2030 | 06/20/2030 | $400 | 400 | 9 | (2) | 7 | 7 | 1 | $ | 0 |
| CDX.IG-45 5-Year Index  | CDX.IG-45 5-Year Index  | 1.000 | 1.000 | Quarterly | 12/20/2030 | 12/20/2030 | 52355 | 52355 | 1151 | (205) | 946 | 946 | 102 |  | 0 |
|  |  |  |  |  |  |  |  |  | 1160 | (207) | 953 | 953 | 103 | $ | 0 |
| **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>(7)</sup> | <u>Variation Margin</u><sup>(7)</sup> | <u>Variation Margin</u><sup>(7)</sup> | <u>Variation Margin</u><sup>(7)</sup> |
| Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Floating Rate Index | Fixed Rate | Fixed Rate | Payment<br>Frequency | 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 | 1-Day GBP-SONIO Compounded-OIS | 3.000% | 3.000% | Annual | 06/17/2027 | GBP | 7500 | $(27) | $(198) | $(225) | (225) | $9 | 9 | $0 |
| Receive | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.500 | 3.500 | Annual | 03/18/2028 |  | 200 | 2 | 2 | 4 | 4 | 0 | 0 | 0 |
| Pay<sup>(6)</sup> | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.500 | 3.500 | Annual | 09/16/2028 |  | 10200 | (109) | (92) | (201) | (201) | 22 | 22 | 0 |
| Pay | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.500 | 3.500 | Annual | 03/18/2031 |  | 560 | (2) | (22) | (24) | (24) | 2 | 2 | 0 |
| Pay<sup>(6)</sup> | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.500 | 3.500 | Annual | 09/16/2031 |  | 4100 | (120) | (60) | (180) | (180) | 12 | 12 | 0 |
| Pay<sup>(6)</sup> | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 4.000 | 4.000 | Annual | 09/16/2036 |  | 900 | (56) | 9 | (47) | (47) | 4 | 4 | 0 |
| Receive | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 4.500 | 4.500 | Annual | 03/18/2056 |  | 100 | 0 | 7 | 7 | 7 | 0 | 0 | (1) |
| Receive<sup>(6)</sup> | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 4.500 | 4.500 | Annual | 09/16/2056 |  | 610 | 30 | 12 | 42 | 42 | 0 | 0 | (3) |
| Receive<sup>(6)</sup> | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1.500 | 1.500 | Annual | 09/16/2028 | JPY | 4932000 | 36 | 12 | 48 | 48 | 0 | 0 | (24) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 0.600 | 0.600 | Annual | 12/18/2029 |  | 40000 | (8) | (1) | (9) | (9) | 0 | 0 | 0 |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1.250 | 1.250 | Annual | 12/17/2030 |  | 1100000 | (114) | (25) | (139) | (139) | 13 | 13 | 0 |
| Receive<sup>(6)</sup> | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1.750 | 1.750 | Annual | 09/16/2031 |  | 1490000 | 38 | 18 | 56 | 56 | 0 | 0 | (19) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | 1.000 | Annual | 03/19/2032 |  | 739200 | (190) | (29) | (219) | (219) | 11 | 11 | 0 |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | 1.000 | Annual | 09/18/2034 |  | 356000 | (162) | (14) | (176) | (176) | 7 | 7 | 0 |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | 1.000 | Annual | 12/18/2034 |  | 20000 | (10) | (1) | (11) | (11) | 0 | 0 | 0 |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | 1.000 | Annual | 03/19/2035 |  | 560000 | (280) | (31) | (311) | (311) | 11 | 11 | 0 |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1.250 | 1.250 | Annual | 06/18/2035 |  | 190000 | (74) | (5) | (79) | (79) | 4 | 4 | 0 |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1.250 | 1.250 | Annual | 09/17/2035 |  | 660150 | (272) | (23) | (295) | (295) | 14 | 14 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 0.400 | 0.400 | Semi-Annual | 06/19/2039 |  | 480000 | 679 | 35 | 714 | 714 | 0 | 0 | (9) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | 1.000 | Annual | 06/19/2044 |  | 349600 | (520) | (25) | (545) | (545) | 5 | 5 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 2.000 | 2.000 | Annual | 06/18/2055 |  | 14800 | 17 | 1 | 18 | 18 | 0 | 0 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 2.500 | 2.500 | Annual | 12/17/2055 |  | 240000 | 129 | 25 | 154 | 154 | 0 | 0 | 0 |
| Receive<sup>(6)</sup> | 1-Day SGD-SIBCSORA Compounded-OIS | 1-Day SGD-SIBCSORA Compounded-OIS | 1.750 | 1.750 | Semi-Annual | 09/16/2031 | SGD | 11299 | 2 | 163 | 165 | 165 | 0 | 0 | (44) |
| Receive<sup>(6)</sup> | 1-Day SGD-SIBCSORA Compounded-OIS | 1-Day SGD-SIBCSORA Compounded-OIS | 2.000 | 2.000 | Semi-Annual | 09/16/2031 |  | 5500 | (12) | 42 | 30 | 30 | 0 | 0 | (22) |
| Receive<sup>(6)</sup> | 1-Day THB-THOR Compounded-OIS | 1-Day THB-THOR Compounded-OIS | 1.250 | 1.250 | Quarterly | 09/16/2031 | THB | 15142 | 2 | 11 | 13 | 13 | 0 | 0 | (1) |

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<br> Schedule of Investments PIMCO Global Bond Opportunities Portfolio (Unhedged) (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 4 | 19 | 28 | 41 | 68 | 102 | 134 | 161 | 193 | 220 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.020 | Annual | 05/15/2026 | $1200 | 0 | 1 | 1 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.000 | Annual | 06/20/2026 | 700 | 10 | (10) | 0 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.905 | Annual | 08/15/2026 | 1300 | 0 | 0 | 0 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.965 | Annual | 11/30/2026 | 4600 | 1 | 34 | 35 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2026 | 3400 | 23 | (24) | (1) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.000 | Annual | 03/19/2027 | 28150 | 587 | (392) | 195 | 0 | (6) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/18/2027 | 1400 | (10) | (7) | (17) | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 09/17/2027 | 9800 | 54 | (53) | 1 | 4 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.981 | Annual | 11/30/2027 | 2400 | 0 | 14 | 14 | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 03/18/2028 | 2720 | 12 | (19) | (7) | 1 | 0 |
| Pay<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.000 | Annual | 06/17/2028 | 3400 | (44) | 6 | (38) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.851 | Annual | 02/28/2029 | 700 | 0 | (5) | (5) | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.862 | Annual | 02/28/2029 | 500 | 0 | (4) | (4) | 0 | 0 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.325 | Annual | 08/31/2030 | 9347 | 30 | 63 | 93 | 0 | (9) |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.407 | Annual | 08/31/2030 | 100 | 0 | 1 | 1 | 0 | 0 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.422 | Annual | 08/31/2030 | 100 | 0 | 1 | 1 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2030 | 11700 | 160 | (88) | 72 | 12 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 03/18/2031 | 7300 | 12 | 28 | 40 | 0 | (8) |
| Pay<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/17/2031 | 1200 | (24) | 4 | (20) | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.100 | Annual | 11/15/2032 | 9160 | (49) | (298) | (347) | 10 | 0 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.564 | Annual | 01/31/2033 | 100 | 0 | 1 | 1 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.525 | Annual | 09/04/2034 | 500 | (2) | 13 | 11 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2034 | 2600 | 18 | (7) | 11 | 0 | (3) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 03/19/2035 | 4750 | 294 | (88) | 206 | 0 | (4) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/18/2035 | 1500 | 82 | (4) | 78 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.640 | Annual | 08/15/2035 | 700 | 1 | 10 | 11 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.700 | Annual | 08/15/2035 | 700 | (1) | 8 | 7 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.715 | Annual | 08/15/2035 | 1079 | 3 | 7 | 10 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 09/17/2035 | 2400 | (47) | 67 | 20 | 0 | (2) |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.621 | Annual | 11/15/2035 | 300 | 0 | 5 | 5 | 0 | 0 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.631 | Annual | 11/15/2035 | 200 | 0 | 3 | 3 | 0 | 0 |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.712 | Annual | 11/15/2035 | 100 | 0 | 1 | 1 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2035 | 6080 | (46) | 97 | 51 | 0 | (5) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.755 | Annual | 02/15/2036 | 200 | 0 | 2 | 2 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.000 | Annual | 03/18/2036 | 5230 | (103) | 44 | (59) | 0 | (4) |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 06/17/2036 | 1710 | 4 | 14 | 18 | 0 | (1) |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.988 | Annual | 11/15/2053 | 200 | 0 | 6 | 6 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.010 | Annual | 11/15/2053 | 900 | 13 | 8 | 21 | 3 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.075 | Annual | 11/15/2053 | 813 | 6 | 5 | 11 | 3 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 12/20/2053 | 1070 | 136 | 25 | 161 | 4 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.931 | Annual | 11/15/2054 | 500 | 0 | 18 | 18 | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.955 | Annual | 11/15/2054 | 200 | 0 | 6 | 6 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.998 | Annual | 11/15/2054 | 200 | 0 | 5 | 5 | 1 | 0 |

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<br> Schedule of Investments PIMCO Global Bond Opportunities Portfolio (Unhedged) (Cont.) March 31, 2026 (Unaudited)

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| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 4 | 19 | 28 | 41 | 61 | 68 | 102 | 134 | 161 | 193 | 220 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.117 | Annual | 11/15/2054 |  | 540 | 0 | 2 | 2 | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.130 | Annual | 11/15/2054 |  | 260 | 0 | 0 | 0 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.765 | Annual | 02/15/2055 |  | 800 | 0 | 51 | 51 | 3 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.804 | Annual | 02/15/2055 |  | 200 | 0 | 11 | 11 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.806 | Annual | 02/15/2055 |  | 200 | 0 | 11 | 11 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.861 | Annual | 02/15/2055 |  | 200 | 0 | 10 | 10 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.773 | Annual | 03/04/2055 |  | 500 | 0 | 31 | 31 | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 03/19/2055 |  | 980 | 123 | 25 | 148 | 4 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.930 | Annual | 06/25/2055 |  | 246 | 1 | 8 | 9 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.065 | Annual | 06/26/2055 |  | 142 | (3) | 5 | 2 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.960 | Annual | 06/27/2055 |  | 315 | 0 | 10 | 10 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 09/17/2055 |  | 200 | 20 | 2 | 22 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.005 | Annual | 09/29/2055 |  | 84 | (1) | 3 | 2 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2055 |  | 1900 | 126 | 0 | 126 | 7 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.000 | Annual | 03/18/2056 |  | 610 | 16 | (2) | 14 | 2 | 0 |
| Pay | 1-Year BRL-CDI | 12.970 | Maturity | 01/02/2029 | BRL | 17400 | 0 | (56) | (56) | 20 | 0 |
| Pay | 1-Year BRL-CDI | 13.268 | Maturity | 01/02/2029 |  | 21000 | 0 | (39) | (39) | 24 | 0 |
| Pay | 3-Month CHF-SRFXON3 Compounded-OIS | 0.250 | Annual | 03/18/2031 | CHF | 3400 | (16) | 3 | (13) | 15 | 0 |
| Pay<sup>(6)</sup> | 3-Month CHF-SRFXON3 Compounded-OIS | 0.250 | Annual | 09/16/2031 |  | 300 | (3) | 1 | (2) | 1 | 0 |
| Pay | 3-Month KRW-KORIBOR | 2.750 | Quarterly | 03/18/2036 | KRW | 25170 | 0 | (2) | (2) | 0 | 0 |
| Receive<sup>(6)</sup> | 3-Month PLN-WIBOR | 4.723 | Annual | 12/01/2035 | PLN | 12800 | (1) | 55 | 54 | 13 | 0 |
| Receive<sup>(6)</sup> | 3-Month PLN-WIBOR | 4.685 | Annual | 12/02/2035 |  | 3300 | 0 | 15 | 15 | 3 | 0 |
| Pay | 3-Month SEK-STIBOR | 2.500 | Annual | 03/18/2031 | SEK | 44400 | (16) | (58) | (74) | 26 | 0 |
| Pay<sup>(6)</sup> | 3-Month SEK-STIBOR | 2.750 | Annual | 09/16/2031 |  | 6000 | 1 | (6) | (5) | 4 | 0 |
| Pay | 6-Month AUD-BBR-BBSW | 1.750 | Semi-Annual | 03/16/2027 | AUD | 1000 | (3) | (18) | (21) | 1 | 0 |
| Pay | 6-Month AUD-BBR-BBSW | 3.500 | Semi-Annual | 03/18/2031 |  | 31800 | (277) | (1084) | (1361) | 181 | 0 |
| Receive | 6-Month AUD-BBR-BBSW | 3.750 | Semi-Annual | 03/18/2031 |  | 7900 | 225 | 53 | 278 | 0 | (45) |
| Pay | 6-Month AUD-BBR-BBSW | 4.250 | Semi-Annual | 03/19/2035 |  | 900 | 0 | (35) | (35) | 8 | 0 |
| Pay | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | 06/18/2035 |  | 300 | 2 | (10) | (8) | 3 | 0 |
| Pay | 6-Month AUD-BBR-BBSW | 4.250 | Semi-Annual | 09/17/2035 |  | 6300 | 41 | (302) | (261) | 56 | 0 |
| Pay | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | 09/17/2035 |  | 1300 | 21 | (58) | (37) | 12 | 0 |
| Pay<sup>(6)</sup> | 6-Month CZK-PRIBOR | 4.523 | Annual | 12/01/2035 | CZK | 62200 | 1 | (20) | (19) | 0 | (4) |
| Pay<sup>(6)</sup> | 6-Month CZK-PRIBOR | 4.485 | Annual | 12/02/2035 |  | 18400 | 0 | (7) | (7) | 0 | (1) |
| Pay | 6-Month EUR-EURIBOR | 3.000 | Annual | 03/19/2027 | EUR | 5170 | 36 | (16) | 20 | 1 | 0 |
| Pay<sup>(6)</sup> | 6-Month EUR-EURIBOR | 2.250 | Annual | 09/16/2028 |  | 22000 | (119) | (210) | (329) | 46 | 0 |
| Pay<sup>(6)</sup> | 6-Month EUR-EURIBOR | 2.170 | Annual | 12/15/2028 |  | 28600 | 19 | (149) | (130) | 29 | 0 |
| Receive<sup>(6)</sup> | 6-Month EUR-EURIBOR | 2.350 | Annual | 12/15/2028 |  | 29000 | (20) | 154 | 134 | 0 | (33) |
| Pay | 6-Month EUR-EURIBOR | 1.795 | Annual | 10/11/2029 |  | 900 | 0 | (28) | (28) | 3 | 0 |
| Pay | 6-Month EUR-EURIBOR | 1.923 | Annual | 10/11/2029 |  | 2000 | 0 | (52) | (52) | 6 | 0 |
| Receive<sup>(6)</sup> | 6-Month EUR-EURIBOR | 2.500 | Annual | 09/16/2031 |  | 7800 | 192 | (9) | 183 | 0 | (39) |
| Pay<sup>(6)</sup> | 6-Month EUR-EURIBOR | 2.750 | Annual | 09/16/2036 |  | 10430 | (181) | (198) | (379) | 92 | 0 |
| Pay | 6-Month EUR-EURIBOR | 0.451 | Annual | 05/27/2050 |  | 200 | (14) | (94) | (108) | 1 | 0 |
| Receive | 6-Month EUR-EURIBOR | 0.064 | Annual | 11/17/2052 |  | 100 | 0 | 65 | 65 | 0 | (1) |
| Receive<sup>(6)</sup> | 6-Month EUR-EURIBOR | 2.825 | Annual | 09/19/2055 |  | 6600 | 93 | (121) | (28) | 0 | (4) |

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<br> Schedule of Investments PIMCO Global Bond Opportunities Portfolio (Unhedged) (Cont.) March 31, 2026 (Unaudited)

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| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 3 | 4 | 15 | 19 | 28 | 39 | 56 | 90 | 101 | 108 | 133 | 146 | 160 | 161 | 192 | 193 | 207 | 219 | 220 |
| Receive<sup>(6)</sup> | Receive<sup>(6)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 3.000 | Annual | Annual | 09/16/2056 | 3370 |  | 52 |  | 33 |  | 85 |  | 0 | 0 |  | (38) |
| Pay | Pay | 6-Month NOK-NIBOR | 6-Month NOK-NIBOR | 3.750 | Annual | Annual | 03/18/2031 | 49900 |  | (148) |  | (47) |  | (195) |  | 18 | 18 |  | 0 |
| Pay<sup>(6)</sup> | Pay<sup>(6)</sup> | 6-Month NOK-NIBOR | 6-Month NOK-NIBOR | 4.500 | Annual | Annual | 09/16/2031 | 700 |  | 0 |  | 0 |  | 0 |  | 0 | 0 |  | 0 |
| Pay | Pay | 6-Month PLN-WIBOR | 6-Month PLN-WIBOR | 2.585 | Annual | Annual | 10/14/2029 | 1200 |  | 0 |  | (23) |  | (23) |  | 0 | 0 |  | 0 |
| Pay | Pay | CAONREPO | CAONREPO | 3.898 | Annual | Annual | 06/19/2026 | 5400 |  | (1) |  | 57 |  | 56 |  | 0 | 0 |  | 0 |
| Pay | Pay | CAONREPO | CAONREPO | 3.925 | Annual | Annual | 06/19/2026 | 5100 |  | 0 |  | 54 |  | 54 |  | 0 | 0 |  | 0 |
| Pay | Pay | CAONREPO | CAONREPO | 3.500 | Semi-Annual | Semi-Annual | 06/19/2034 | 700 |  | 22 |  | (6) |  | 16 |  | 1 | 1 |  | 0 |
| Receive | Receive | CAONREPO | CAONREPO | 3.250 | Semi-Annual | Semi-Annual | 06/21/2053 | 900 |  | 9 |  | 25 |  | 34 |  | 0 | 0 |  | (1) |
| Pay | Pay | CDX.IG-46 5-Year Index | CDX.IG-46 5-Year Index | 1.000 | Quarterly | Quarterly | 06/20/2031 | 24300 |  | 408 |  | 20 |  | 428 |  | 53 | 53 |  | 0 |
|  |  |  |  |  |  |  |  | $ | $704 | 704 | $(2637) | (2637) | $(1933) | (1933) | $804 | 804 | 804 | $(336) | (336) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | $**1755** | **1755** | $**(2837)** | **(2837)** | $**(1082)** | **(1082)** | $**907** | **907** | **907** | $**(381)** | **(381)** |
| **(j)** | **Securities with an aggregate market value of $1,013 and cash of 4,729 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 $1,013 and cash of 4,729 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 $1,013 and cash of 4,729 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 $1,013 and cash of 4,729 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 $1,013 and cash of 4,729 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 $1,013 and cash of 4,729 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 $1,013 and cash of 4,729 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 $1,013 and cash of 4,729 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 $1,013 and cash of 4,729 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 $1,013 and cash of 4,729 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 $1,013 and cash of 4,729 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 $1,013 and cash of 4,729 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 $1,013 and cash of 4,729 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 $1,013 and cash of 4,729 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 $1,013 and cash of 4,729 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 $1,013 and cash of 4,729 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 $1,013 and cash of 4,729 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 $1,013 and cash of 4,729 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 $1,013 and cash of 4,729 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> | 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. | 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> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(4)</sup> | The maximum potential amount the 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>(5)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(6)</sup> | 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>(7)</sup> | Unsettled variation margin asset of $77 for closed futures is outstanding at period end. | Unsettled variation margin asset of $77 for closed futures is outstanding at period end. | Unsettled variation margin asset of $77 for closed futures is outstanding at period end. | Unsettled variation margin asset of $77 for closed futures is outstanding at period end. | Unsettled variation margin asset of $77 for closed futures is outstanding at period end. | Unsettled variation margin asset of $77 for closed futures is outstanding at period end. | Unsettled variation margin asset of $77 for closed futures is outstanding at period end. | Unsettled variation margin asset of $77 for closed futures is outstanding at period end. | Unsettled variation margin asset of $77 for closed futures is outstanding at period end. | Unsettled variation margin asset of $77 for closed futures is outstanding at period end. | Unsettled variation margin asset of $77 for closed futures is outstanding at period end. | Unsettled variation margin asset of $77 for closed futures is outstanding at period end. | Unsettled variation margin asset of $77 for closed futures is outstanding at period end. | Unsettled variation margin asset of $77 for closed futures is outstanding at period end. | Unsettled variation margin asset of $77 for closed futures is outstanding at period end. | Unsettled variation margin asset of $77 for closed futures is outstanding at period end. | Unsettled variation margin asset of $77 for closed futures is outstanding at period end. | Unsettled variation margin asset of $77 for closed futures is outstanding at period end. | Unsettled variation margin asset of $77 for closed futures is outstanding at period end. |
| **(k)** | **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 | 315 | 315 | $ | $230 | 230 | 230 | 3 | 3 | 3 | 3 | $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 | 300 | 300 |  | 57 | 57 | 57 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | CNH | 1394 | 1394 |  | 202 | 202 | 202 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | COP | 427538 | 427538 |  | 111 | 111 | 111 | 0 | 0 | 0 | 0 | (5) | (5) | (5) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | EUR | 703 | 703 | RON | 3600 | 3600 | 3600 | 2 | 2 | 2 | 2 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 1738 | 1738 | $ | $2017 | 2017 | 2017 | 8 | 8 | 8 | 8 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | INR | 15832 | 15832 |  | 169 | 169 | 169 | 2 | 2 | 2 | 2 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | JPY | 93480 | 93480 |  | 586 | 586 | 586 | 0 | 0 | 0 | 0 | (3) | (3) | (3) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | KRW | 87495 | 87495 |  | 60 | 60 | 60 | 2 | 2 | 2 | 2 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | PLN | 737 | 737 |  | 199 | 199 | 199 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | RON | 1394 | 1394 | EUR | 273 | 273 | 273 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | SGD | 343 | 343 | $ | $268 | 268 | 268 | 2 | 2 | 2 | 2 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | $ | $57 | 57 | BRL | 300 | 300 | 300 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 163 | 163 | CZK | 3434 | 3434 | 3434 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 146 | 146 | INR | 13709 | 13709 | 13709 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 48 | 48 | MXN | 885 | 885 | 885 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 50 | 50 | PLN | 186 | 186 | 186 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 59 | 59 | RON | 252 | 252 | 252 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | ZAR | 1552 | 1552 | $ | $88 | 88 | 88 | 0 | 0 | 0 | 0 | (3) | (3) | (3) |
|  |  |  | 05/2026  | 05/2026  | 05/2026  | $ | $77 | 77 | CNY | 536 | 536 | 536 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 05/2026  | 05/2026  | 05/2026  |  | 586 | 586 | JPY | 93198 | 93198 | 93198 | 3 | 3 | 3 | 3 | 0 | 0 | 0 |
|  |  |  | 06/2026  | 06/2026  | 06/2026  | ILS | 972 | 972 | $ | $314 | 314 | 314 | 5 | 5 | 5 | 5 | 0 | 0 | 0 |
|  |  |  | 06/2026  | 06/2026  | 06/2026  | MXN | 5632 | 5632 |  | 314 | 314 | 314 | 2 | 2 | 2 | 2 | 0 | 0 | 0 |
|  |  |  | 06/2026  | 06/2026  | 06/2026  | $ | $2 | 2 | BRL | 8 | 8 | 8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 06/2026  | 06/2026  | 06/2026  |  | 23 | 23 | CNY | 159 | 159 | 159 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 06/2026  | 06/2026  | 06/2026  |  | 54 | 54 | ILS | 168 | 168 | 168 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 07/2026  | 07/2026  | 07/2026  |  | 77 | 77 | CNY | 524 | 524 | 524 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 08/2026  | 08/2026  | 08/2026  | ZAR | 4704 | 4704 | $ | $270 | 270 | 270 | 0 | 0 | 0 | 0 | (5) | (5) | (5) |
|  |  |  | 10/2026  | 10/2026  | 10/2026  | BRL | 300 | 300 |  | 55 | 55 | 55 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | 04/2026  | 04/2026  | 04/2026  | AUD | 180 | 180 |  | 128 | 128 | 128 | 4 | 4 | 4 | 4 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | BRL | 8760 | 8760 |  | 1646 | 1646 | 1646 | 0 | 0 | 0 | 0 | (46) | (46) | (46) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | CNH | 1310 | 1310 |  | 190 | 190 | 190 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | CNY | 295 | 295 |  | 43 | 43 | 43 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | COP | 532509 | 532509 |  | 139 | 139 | 139 | 0 | 0 | 0 | 0 | (6) | (6) | (6) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | ILS | 967 | 967 |  | 313 | 313 | 313 | 6 | 6 | 6 | 6 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | INR | 541913 | 541913 |  | 5811 | 5811 | 5811 | 66 | 66 | 66 | 66 | (8) | (8) | (8) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | JPY | 12400 | 12400 |  | 78 | 78 | 78 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | KRW | 1043041 | 1043041 |  | 703 | 703 | 703 | 10 | 10 | 10 | 10 | 0 | 0 | 0 |

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<br> Schedule of Investments PIMCO Global Bond Opportunities Portfolio (Unhedged) (Cont.) March 31, 2026 (Unaudited)

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| 0 | 15 | 56 | 108 | 159 | 207 |
|  | 04/2026  | 1717 | 1016 | 29 | 0 |
|  | 04/2026  | 200 | 54 | 0 | 0 |
|  | 04/2026  | 27904 | 863 | 16 | 0 |
|  | 04/2026  | 189329 | 5990 | 76 | 0 |
|  | 04/2026  | $854 | 1212 | 0 | (17) |
|  | 04/2026  | 1670 | 8760 | 21 | 0 |
|  | 04/2026  | 42 | 295 | 1 | 0 |
|  | 04/2026  | 198 | 147 | 0 | (3) |
|  | 04/2026  | 1364 | 23075599 | 0 | (5) |
|  | 04/2026  | 201 | 636 | 2 | 0 |
|  | 04/2026  | 1900 | 178831 | 3 | 0 |
|  | 04/2026  | 156 | 232962 | 0 | (1) |
|  | 04/2026  | 640 | 2307 | 0 | (19) |
|  | 04/2026  | 49 | 210 | 0 | (1) |
|  | 04/2026  | 1 | 17 | 0 | 0 |
|  | 04/2026  | 9818 | 310655 | 0 | (115) |
|  | 04/2026  | 2489 | $147 | 0 | 0 |
|  | 05/2026  | 635 | 201 | 0 | (2) |
|  | 05/2026  | 59846 | 632 | 0 | (3) |
|  | 05/2026  | 13727 | 426 | 0 | (2) |
|  | 05/2026  | $250 | 1312 | 2 | 0 |
|  | 05/2026  | 98 | 682 | 1 | 0 |
|  | 05/2026  | 315 | 5360593 | 1 | 0 |
|  | 05/2026  | 3021 | 286077 | 15 | 0 |
|  | 05/2026  | 60 | 1970 | 0 | 0 |
|  | 06/2026  | 287664 | $9099 | 144 | 0 |
|  | 06/2026  | $322 | 2212 | 0 | 0 |
|  | 06/2026  | 809 | 13611723 | 0 | (8) |
|  | 06/2026  | 39 | 1259 | 0 | 0 |
|  | 07/2026  | 300 | $55 | 0 | (1) |
|  | 08/2026  | 1128 | 46 | 1 | 0 |
|  | 08/2026  | $2040 | 194105 | 0 | (9) |
|  | 10/2026  | 6400 | $1166 | 0 | (18) |
|  | 01/2027  | $5990 | 188052 | 0 | (144) |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | 04/2026  | 2834 | $411 | 0 | (1) |
|  | 04/2026  | 778 | 3982 | 4 | 0 |
|  | 04/2026  | 672 | $86 | 0 | 0 |
|  | 04/2026  | 1414 | 277 | 0 | (1) |
|  | 04/2026  | 137160 | $3026 | 0 | (28) |
|  | 04/2026  | $81 | 253 | 0 | (1) |
|  | 04/2026  | 262 | 944 | 0 | (8) |
|  | 04/2026  | 828 | 7515 | 0 | (34) |
|  | 04/2026  | 2096 | 96091 | 19 | 0 |
|  | 04/2026  | 8569 | $517 | 15 | (3) |
|  | 05/2026  | 14971 | 322 | 0 | (2) |
|  | 05/2026  | $246 | 11422 | 0 | 0 |
|  | 07/2026  | 2353 | $133 | 0 | (5) |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | 04/2026  | 5200 | 936 | 0 | (68) |
|  | 04/2026  | 516692 | 3237 | 0 | (19) |
|  | 04/2026  | $1001 | 5200 | 3 | 0 |
|  | 04/2026  | 1181 | 887 | 0 | (7) |
|  | 04/2026  | 2119 | 3671 | 0 | (10) |
|  | 04/2026  | 897 | 3244 | 0 | (23) |
|  | 05/2026  | 887 | $1181 | 7 | 0 |
|  | 05/2026  | 3671 | 2122 | 10 | 0 |
|  | 05/2026  | $3237 | 515136 | 19 | 0 |
|  | 06/2026  | 180 | 675344 | 0 | 0 |
|  | 10/2026  | 5600 | $1034 | 0 | (3) |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | 04/2026  | 1 | 0 | 0 | 0 |
|  | 04/2026  | 480 | 70 | 0 | 0 |
|  | 04/2026  | 61120 | 16 | 0 | (1) |
|  | 04/2026  | 3347 | 3873 | 4 | 0 |
|  | 04/2026  | 184 | 246 | 3 | 0 |
|  | 04/2026  | 164603 | 1766 | 28 | 0 |
|  | 04/2026  | 16400 | 104 | 1 | 0 |
|  | 04/2026  | 1490 | 154 | 0 | 0 |
|  | 04/2026  | 820 | 88 | 1 | 0 |
|  | 04/2026  | 35 | 1 | 0 | 0 |
|  | 04/2026  | 1249 | 39 | 0 | 0 |
|  | 04/2026  | $0 | 1 | 0 | 0 |
|  | 04/2026  | 164 | 1128 | 0 | 0 |
|  | 04/2026  | 29 | 200 | 0 | 0 |
|  | 04/2026  | 741 | 2724630 | 0 | 0 |
|  | 04/2026  | 636 | 548 | 0 | (2) |
|  | 04/2026  | 6860 | 631560 | 3 | (173) |
|  | 04/2026  | 176 | 27400 | 0 | (4) |
|  | 04/2026  | 2746 | 86934 | 0 | (32) |
|  | 05/2026  | 197 | 287 | 1 | 0 |
|  | 06/2026  | 3739255 | $996 | 1 | (6) |
|  | 06/2026  | 1649588 | 98 | 1 | 0 |
|  | 06/2026  | 279 | 90 | 2 | 0 |
|  | 06/2026  | 86918 | 2746 | 41 | 0 |
|  | 06/2026  | $403 | 2772 | 1 | 0 |
|  | 06/2026  | 90 | 1515972 | 0 | (1) |
|  | 06/2026  | 452 | 7989 | 0 | (9) |
|  | 07/2026  | 1020 | $295 | 4 | 0 |

---

------

<br> Schedule of Investments PIMCO Global Bond Opportunities Portfolio (Unhedged) (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| 0 | 15 | 56 | 108 | 159 | 207 |
|  | 07/2026  | $27 | 188 | 0 | 0 |
|  | 07/2026  | 21 | 11298 | 2 | 0 |
|  | 08/2026  | 191728 | $2046 | 39 | 0 |
|  | 08/2026  | $10 | 5383 | 1 | 0 |
|  | 09/2026  | 666168 | $169 | 0 | (6) |
|  | 09/2026  | $96 | 83065 | 0 | (6) |
|  | 09/2026  | 95 | 367411 | 2 | 0 |
|  | 09/2026  | 98 | 1750 | 0 | (2) |
|  | 01/2027  | 4876 | $1438 | 57 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | 04/2026  | 393 | 75 | 0 | (1) |
|  | 04/2026  | 38781 | 5608 | 0 | (23) |
|  | 04/2026  | 546 | 2789 | 1 | 0 |
|  | 04/2026  | 3261 | $417 | 1 | 0 |
|  | 04/2026  | 1952 | 631 | 10 | 0 |
|  | 04/2026  | 64137 | 682 | 4 | (1) |
|  | 04/2026  | 6241 | 1220 | 0 | (4) |
|  | 04/2026  | $4190 | 6108 | 24 | 0 |
|  | 04/2026  | 75 | 393 | 1 | 0 |
|  | 04/2026  | 11239 | 77006 | 0 | (59) |
|  | 04/2026  | 60 | 1266 | 0 | 0 |
|  | 04/2026  | 139 | 6990 | 0 | (13) |
|  | 04/2026  | 27 | 9037 | 0 | 0 |
|  | 04/2026  | 569 | 53427 | 3 | (5) |
|  | 04/2026  | 3828 | 4889 | 0 | (25) |
|  | 04/2026  | 274 | 8966 | 0 | (2) |
|  | 05/2026  | 6108 | $4189 | 0 | (24) |
|  | 05/2026  | 4878 | 3828 | 25 | 0 |
|  | 05/2026  | $5469 | 37734 | 23 | 0 |
|  | 06/2026  | 41510 | $78 | 0 | (7) |
|  | 06/2026  | 8948 | 275 | 2 | 0 |
|  | 06/2026  | $214 | 1465 | 0 | (1) |
|  | 06/2026  | 80 | 275 | 0 | (1) |
|  | 07/2026  | 556 | $164 | 5 | 0 |
|  | 07/2026  | $104 | 55935 | 9 | 0 |
|  | 07/2026  | 1727 | $98 | 0 | (4) |
|  | 08/2026  | $5 | 2626 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | 04/2026  | 2096 | $1485 | 39 | 0 |
|  | 04/2026  | 191 | 240 | 1 | 0 |
|  | 04/2026  | 1235 | 1669 | 34 | 0 |
|  | 04/2026  | 643329 | 4031 | 0 | (23) |
|  | 04/2026  | 131 | 26 | 0 | 0 |
|  | 04/2026  | 3787 | $401 | 1 | 0 |
|  | 04/2026  | $1270 | 198372 | 0 | (20) |
|  | 04/2026  | 291 | 1052 | 0 | (8) |
|  | 04/2026  | 21 | 26 | 0 | 0 |
|  | 05/2026  | 1056 | $334 | 0 | (3) |
|  | 05/2026  | 26 | 21 | 0 | 0 |
|  | 05/2026  | $240 | 191 | 0 | (1) |
|  | 05/2026  | 4031 | 641386 | 23 | 0 |
|  | 05/2026  | 401 | 3780 | 0 | (1) |
|  | 06/2026  | 692 | $224 | 4 | 0 |
|  | 06/2026  | $359 | 6252 | 0 | (12) |
|  | 08/2026  | 289 | $86 | 3 | 0 |
|  | 09/2026  | $79 | 1402 | 0 | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp; GLM | 04/2026  | 36203 | $6712 | 0 | (277) |
|  | 04/2026  | 938 | 302 | 3 | 0 |
|  | 04/2026  | 2721 | 30 | 1 | 0 |
|  | 04/2026  | 393 | 107 | 1 | 0 |
|  | 04/2026  | $8012 | 41807 | 59 | 0 |
|  | 04/2026  | 217 | 1491 | 0 | (1) |
|  | 04/2026  | 16 | 5447 | 0 | 0 |
|  | 04/2026  | 37 | 618779 | 0 | 0 |
|  | 04/2026  | 405 | 7460 | 11 | 0 |
|  | 04/2026  | 391 | 1535 | 0 | (12) |
|  | 04/2026  | 27 | 99 | 0 | 0 |
|  | 04/2026  | 155 | 5095 | 0 | (1) |
|  | 06/2026  | 2014621 | $119 | 1 | 0 |
|  | 06/2026  | 5086 | 155 | 0 | 0 |
|  | 06/2026  | $4947 | 26639 | 128 | 0 |
|  | 06/2026  | 202 | 3410873 | 0 | (1) |
|  | 06/2026  | 57 | 177 | 0 | 0 |
|  | 06/2026  | 658 | 11566 | 0 | (17) |
|  | 07/2026  | 2000 | $370 | 0 | (8) |
|  | 07/2026  | $4 | 23 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; IND | 04/2026  | 743 | $114 | 0 | (1) |
|  | 04/2026  | $3127 | 2649 | 0 | (66) |
|  | 05/2026  | 114 | 742 | 1 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | 04/2026  | 40283 | $5822 | 0 | (27) |
|  | 04/2026  | 420 | 2146 | 1 | 0 |
|  | 04/2026  | 199 | $229 | 0 | (2) |
|  | 04/2026  | 3806 | 487 | 1 | 0 |
|  | 04/2026  | 73133 | 787 | 15 | 0 |
|  | 04/2026  | 1209 | 330 | 5 | (1) |
|  | 04/2026  | 2145 | 420 | 0 | (1) |
|  | 04/2026  | 4754 | $3772 | 75 | 0 |
|  | 04/2026  | 5755 | 182 | 7 | 0 |

---

------

<br> Schedule of Investments PIMCO Global Bond Opportunities Portfolio (Unhedged) (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| 0 | 15 | 56 | 108 | 159 | 207 |
|  | 04/2026  | $36 | 767 | 0 | 0 |
|  | 04/2026  | 2172 | 1864 | 0 | (18) |
|  | 04/2026  | 80 | 26569 | 0 | 0 |
|  | 04/2026  | 299 | 28066 | 1 | (2) |
|  | 04/2026  | 3141 | 56326 | 4 | (6) |
|  | 04/2026  | 89 | 2797 | 0 | (4) |
|  | 04/2026  | 5417 | 171776 | 0 | (52) |
|  | 04/2026  | 25838 | $1541 | 17 | (1) |
|  | 05/2026  | 308 | 211 | 0 | (1) |
|  | 05/2026  | 76 | 390 | 0 | 0 |
|  | 05/2026  | 389 | 76 | 0 | 0 |
|  | 05/2026  | $5752 | 39703 | 27 | 0 |
|  | 06/2026  | 927 | $300 | 4 | 0 |
|  | 06/2026  | 4443 | 248 | 1 | 0 |
|  | 06/2026  | 9876 | 301 | 0 | 0 |
|  | 06/2026  | 171771 | 5417 | 70 | 0 |
|  | 06/2026  | $139 | 518470 | 0 | 0 |
|  | 06/2026  | 72 | 224 | 0 | 0 |
|  | 06/2026  | 1200 | $68 | 0 | (3) |
|  | 08/2026  | 2977 | 122 | 1 | 0 |
|  | 11/2026  | 1379 | $79 | 0 | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | 04/2026  | 1896 | 1311 | 4 | (1) |
|  | 04/2026  | 73 | 92 | 1 | 0 |
|  | 04/2026  | 22 | 115 | 0 | 0 |
|  | 04/2026  | 426 | $493 | 1 | 0 |
|  | 04/2026  | 302 | 404 | 5 | 0 |
|  | 04/2026  | 216863 | 1357 | 0 | (10) |
|  | 04/2026  | 627951 | 424 | 6 | 0 |
|  | 04/2026  | 749 | 77 | 0 | (1) |
|  | 04/2026  | 2905 | 311 | 4 | 0 |
|  | 04/2026  | 4150 | 129 | 3 | 0 |
|  | 04/2026  | $160 | 231 | 0 | (1) |
|  | 04/2026  | 196 | 155 | 0 | (3) |
|  | 04/2026  | 117 | 743 | 0 | (3) |
|  | 04/2026  | 1118 | 971 | 4 | 0 |
|  | 04/2026  | 664 | 498 | 0 | (5) |
|  | 04/2026  | 1741 | 271942 | 1 | (29) |
|  | 04/2026  | 2016 | 2950989 | 0 | (54) |
|  | 04/2026  | 121 | 2238 | 4 | 0 |
|  | 04/2026  | 112 | 1074 | 0 | (2) |
|  | 04/2026  | 135 | 231 | 0 | (2) |
|  | 04/2026  | 71 | 256 | 0 | (2) |
|  | 05/2026  | 1244 | 198262 | 9 | 0 |
|  | 05/2026  | 77 | 749 | 1 | 0 |
|  | 05/2026  | 2349 | $135 | 0 | (3) |
|  | 06/2026  | 472 | 26 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MYI | 04/2026  | 550 | 106 | 0 | 0 |
|  | 04/2026  | 10170 | 112 | 5 | 0 |
|  | 04/2026  | 286 | 80 | 2 | 0 |
|  | 04/2026  | 403519 | 12795 | 192 | 0 |
|  | 04/2026  | $105 | 550 | 1 | 0 |
|  | 04/2026  | 1450 | 46533 | 3 | 0 |
|  | 06/2026  | 46577 | $1450 | 1 | 0 |
|  | 06/2026  | $120 | 829 | 0 | 0 |
|  | 06/2026  | 73 | 223 | 0 | (2) |
|  | 07/2026  | 62 | 33567 | 6 | 0 |
|  | 01/2027  | 12795 | 400470 | 0 | (346) |
| &nbsp;&nbsp;&nbsp;&nbsp; NGF | 04/2026  | 121 | 1166 | 0 | (1) |
|  | 04/2026  | 316 | 14494 | 7 | 0 |
|  | 05/2026  | 126 | 5821 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; RBC | 04/2026  | 142 | 181 | 0 | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | 04/2026  | 200 | $29 | 0 | 0 |
|  | 04/2026  | 1703464 | 445 | 0 | (18) |
|  | 04/2026  | 16000 | 102 | 1 | 0 |
|  | 04/2026  | 463752 | 304 | 0 | (5) |
|  | 04/2026  | 2185 | 1306 | 51 | 0 |
|  | 04/2026  | 772 | 24 | 1 | 0 |
|  | 04/2026  | $228 | 315 | 0 | (1) |
|  | 04/2026  | 252 | 189 | 0 | (2) |
|  | 04/2026  | 612 | 55710 | 0 | (23) |
|  | 04/2026  | 1000 | 156011 | 0 | (17) |
|  | 04/2026  | 304 | 463810 | 5 | 0 |
|  | 04/2026  | 150 | 542 | 0 | (4) |
|  | 04/2026  | 235 | 7500 | 0 | (1) |
|  | 05/2026  | 315 | $228 | 1 | 0 |
|  | 05/2026  | $197 | 1363 | 1 | 0 |
|  | 06/2026  | 322 | 2199 | 0 | (1) |
|  | 06/2026  | 347 | 5843657 | 0 | (3) |
|  | 07/2026  | 194 | 1330 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SOG | 04/2026  | 1081 | $1274 | 25 | 0 |
|  | 04/2026  | 1392 | 273 | 0 | 0 |
|  | 04/2026  | 348 | $79 | 0 | 0 |
|  | 04/2026  | $140 | 110 | 0 | (3) |
|  | 04/2026  | 802 | 5470 | 0 | (7) |
|  | 04/2026  | 876 | 759 | 1 | 0 |
|  | 04/2026  | 5530 | 860501 | 0 | (108) |

---

------

<br> Schedule of Investments PIMCO Global Bond Opportunities Portfolio (Unhedged) (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 8 | 33 | 56 | 66 | 88 | 95 | 98 | 111 | 115 | 144 | 158 | 159 | 174 | 196 | 206 | 212 |
|  |  | 04/2026  | 159 | 159 | 159 | RON | RON | 696 | 696 | 696 |  | 0 | 0 | 0 |  | (2) |
|  |  | 05/2026  | 37 | 37 | 37 | $ | $ | 46 | 46 | 46 |  | 0 | 0 | 0 |  | 0 |
|  |  | 05/2026  | 759 | 759 | 759 |  |  | 878 | 878 | 878 |  | 0 | 0 | 0 |  | (1) |
|  |  | 05/2026  | $3 | 3 | 3 | CNY | CNY | 18 | 18 | 18 |  | 0 | 0 | 0 |  | 0 |
|  |  | 05/2026  | 198 | 198 | 198 | EUR | EUR | 171 | 171 | 171 |  | 0 | 0 | 0 |  | 0 |
|  |  | 06/2026  | 473 | 473 | 473 | $ | $ | 153 | 153 | 153 |  | 2 | 2 | 2 |  | 0 |
|  |  | 06/2026  | 4288 | 4288 | 4288 |  |  | 1273 | 1273 | 1273 |  | 45 | 45 | 45 |  | 0 |
|  |  | 06/2026  | $223 | 223 | 223 | PEN | PEN | 750 | 750 | 750 |  | 0 | 0 | 0 |  | (8) |
|  |  | 07/2026  | 434 | 434 | 434 | $ | $ | 128 | 128 | 128 |  | 4 | 4 | 4 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp;&nbsp; SSB | 04/2026  | 3380 | 3380 | 3380 |  |  | 2405 | 2405 | 2405 |  | 73 | 73 | 73 |  | 0 |
|  |  | 04/2026  | 542 | 542 | 542 |  |  | 104 | 104 | 104 |  | 0 | 0 | 0 |  | 0 |
|  |  | 04/2026  | $6 | 6 | 6 | JPY | JPY | 1009 | 1009 | 1009 |  | 0 | 0 | 0 |  | 0 |
|  |  | 08/2026  | 6664152 | 6664152 | 6664152 | $ | $ | 1747 | 1747 | 1747 |  | 0 | 0 | 0 |  | (12) |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | 04/2026  | 568 | 568 | 568 |  |  | 154 | 154 | 154 |  | 1 | 1 | 1 |  | 0 |
|  |  | 04/2026  | $74 | 74 | 74 | CZK | CZK | 1550 | 1550 | 1550 |  | 0 | 0 | 0 |  | (1) |
|  |  | 04/2026  | 892 | 892 | 892 | PLN | PLN | 3226 | 3226 | 3226 |  | 0 | 0 | 0 |  | (23) |
|  |  | 06/2026  | 778 | 778 | 778 | $ | $ | 252 | 252 | 252 |  | 4 | 4 | 4 |  | 0 |
|  |  | 06/2026  | 601 | 601 | 601 |  |  | 34 | 34 | 34 |  | 0 | 0 | 0 |  | 0 |
|  |  | 06/2026  | $521 | 521 | 521 | MXN | MXN | 9087 | 9087 | 9087 |  | 0 | 0 | 0 |  | (17) |
| **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** | $**1822** | **1822** | **1822** | **$** | $**(2348)** | **(2348)** |
| **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** |
| **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** |
| Counterparty | Description | Description | Description | Description |  |  | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Cost | Cost |  | Market<br>Value |
| BOA | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | HKD | HKD | 7.800 | 7.800 | 08/14/2026 | 475 | 475 | 475 | $1 | 1 | $ | $1 |
|  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  | 7.800 | 7.800 | 08/24/2026 | 745 | 745 | 745 | 1 | 1 |  | 1 |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | KRW | 1400.000 | 1400.000 | 07/09/2026 | 411 | 411 | 411 | 4 | 4 |  | 1 |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  |  | 1400.000 | 1400.000 | 07/13/2026 | 92 | 92 | 92 | 1 | 1 |  | 0 |
|  | Call - OTC USD versus SGD  | Call - OTC USD versus SGD  | Call - OTC USD versus SGD  | Call - OTC USD versus SGD  | SGD | SGD | 1.315 | 1.315 | 11/05/2026 | 509 | 509 | 509 | 4 | 4 |  | 2 |
| BPS | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | CZK | CZK | 24.040 | 24.040 | 08/13/2026 | 198 | 198 | 198 | 1 | 1 |  | 0 |
| GLM | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | HKD | HKD | 7.800 | 7.800 | 08/14/2026 | 116 | 116 | 116 | 0 | 0 |  | 0 |
| MBC | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  | 7.800 | 7.800 | 08/14/2026 | 427 | 427 | 427 | 1 | 1 |  | 1 |
|  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  | 7.800 | 7.800 | 08/24/2026 | 222 | 222 | 222 | 0 | 0 |  | 0 |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | KRW | 1400.000 | 1400.000 | 07/09/2026 | 795 | 795 | 795 | 7 | 7 |  | 2 |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  |  | 1400.000 | 1400.000 | 07/10/2026 | 795 | 795 | 795 | 6 | 6 |  | 3 |
| MYI | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | CZK | CZK | 23.900 | 23.900 | 06/02/2026 | 352 | 352 | 352 | 1 | 1 |  | 0 |
| **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** | **Total Purchased Options** | $**27** | **27** | **$** | $**11** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** |
| Counterparty | Description | Description | Description | Description |  |  | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value |
| BOA | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | HKD | HKD | 7.850 | 7.850 | 08/14/2026 | 475 | 475 | 475 | $0 | 0 | $ | $0 |
|  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  | 7.850 | 7.850 | 08/24/2026 | 745 | 745 | 745 | 0 | 0 |  | 0 |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | KRW | 1350.000 | 1350.000 | 07/09/2026 | 411 | 411 | 411 | (2) | (2) |  | 0 |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  |  | 1350.000 | 1350.000 | 07/13/2026 | 92 | 92 | 92 | 0 | 0 |  | 0 |
|  | Put - OTC USD versus SGD  | Put - OTC USD versus SGD  | Put - OTC USD versus SGD  | Put - OTC USD versus SGD  | SGD | SGD | 1.237 | 1.237 | 11/05/2026 | 509 | 509 | 509 | (4) | (4) |  | (3) |
| GLM | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | HKD | HKD | 7.850 | 7.850 | 08/14/2026 | 116 | 116 | 116 | 0 | 0 |  | 0 |
| MBC | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  | 7.850 | 7.850 | 08/14/2026 | 427 | 427 | 427 | 0 | 0 |  | 0 |
|  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  | 7.850 | 7.850 | 08/24/2026 | 222 | 222 | 222 | 0 | 0 |  | 0 |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | KRW | 1350.000 | 1350.000 | 07/09/2026 | 795 | 795 | 795 | (3) | (3) |  | (1) |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  |  | 1350.000 | 1350.000 | 07/10/2026 | 795 | 795 | 795 | (2) | (2) |  | (1) |
|  |  |  |  |  |  |  |  |  |  |  |  |  | $(11) | (11) | $ | $(5) |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** |
| Counterparty | Description | Floating Rate<br>Index | Floating Rate<br>Index | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value |
| GLM | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 3.695% | 3.695% | 3.695% | 04/27/2026 | 04/27/2026 | 100 | 100 | 100 | $(1) | (1) | $ | $(1) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | 4.055 | 4.055 | 4.055 | 04/27/2026 | 04/27/2026 | 100 | 100 | 100 | 0 | 0 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  | $(1) | (1) | $ | $(1) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | $**(12)** | **(12)** | **$** | $**(6)** |

---

------

<br> Schedule of Investments PIMCO Global Bond Opportunities Portfolio (Unhedged) (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 5 | 7 | 20 | 35 | 38 | 49 | 53 | 69 | 71 | 83 | 89 | 93 | 107 | 114 | 119 | 127 | 141 | 151 | 166 | 176 | 194 | 200 | 214 | 223 |
| **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:** | **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> | **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 | Reference Entity | Fixed <br>(Pay) Rate | Fixed <br>(Pay) Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | 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  | South Korea Government International Bonds  | (1.000)% | (1.000)% | Quarterly | Quarterly | 12/20/2029 | 12/20/2029 | 12/20/2029 | 0.272% | 0.272% | 0.272% | $ | $ | $200 | 200 | $(7) | (7) | $2 | 2 | $0 | 0 | $(5) |
|  | South Korea Government International Bonds  | South Korea Government International Bonds  | South Korea Government International Bonds  | (1.000) | (1.000) | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 12/20/2030 | 0.324 | 0.324 | 0.324 |  |  | 500 | 500 | (18) | (18) | 3 | 3 | 0 | 0 | (15) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $(25) | (25) | $5 | 5 | $0 | 0 | $(20) |
| **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - 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 | Reference Entity | Reference Entity | Reference Entity | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | 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 |
| DUB | Petroleos Mexicanos « | Petroleos Mexicanos « | Petroleos Mexicanos « | 4.750% | 4.750% | Monthly | Monthly | 07/06/2026 | 07/06/2026 | 07/06/2026 | % | % | % | $ | $ | $118 | 118 | $0 | 0 | $1 | 1 | $1 | 1 | $0 |
| **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> | **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 | Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date |  |  | Notional<br>Amount<sup>(5)</sup> |  | Premiums<br>Paid/(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) |  | Asset |  | Liability |
| BPS | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | 5.000% | 5.000% | Quarterly | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | EUR | EUR | 500 | $ | 103 | $ | (3) | $ | 100 | $ | 0 |
| CBK | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | 5.000 | Quarterly | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 |  |  | 100 |  | 23 |  | (3) |  | 20 |  | 0 |
| JPM | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | 5.000 | Quarterly | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 |  |  | 500 |  | 109 |  | (9) |  | 100 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $235 | 235 | $(15) | (15) | $220 | 220 | $0 |
| **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | Receive | Pay | Pay | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date<sup>(7)</sup> | Maturity<br>Date<sup>(7)</sup> | Maturity<br>Date<sup>(7)</sup> | Notional Amount<br>of Currency<br>Received | Notional Amount<br>of Currency<br>Received | Notional Amount<br>of Currency<br>Received |  |  | Notional Amount<br>of Currency<br>Delivered | Notional Amount<br>of Currency<br>Delivered |  | Upfront Payable/(Receivable) |  | Unrealized<br>Appreciation/(Depreciation) |  | Asset |  | Liability |
| &nbsp;&nbsp; CBK | &nbsp;&nbsp; CBK | Floating rate equal to 1-Day JPY-SOFR less 0.450% based on the notional amount of currency received  | Floating rate equal to 1-Day JPY-SOFR based on the notional amount of currency delivered | Floating rate equal to 1-Day JPY-SOFR based on the notional amount of currency delivered | Maturity | Maturity | 03/17/2032 | 03/17/2032 | 03/17/2032 | $301 | 301 | 301 | JPY | JPY | 47500 | 47500 | $ | 1 | $ | 0 | $ | 1 | $ | 0 |
|  |  | Floating rate equal to 1-Day USD-SOFR Compounded-OIS less 0.357% based on the notional amount of currency received  | Floating rate equal to 1-Day JPY-SOFR based on the notional amount of currency delivered | Floating rate equal to 1-Day JPY-SOFR based on the notional amount of currency delivered | Maturity | Maturity | 12/16/2027 | 12/16/2027 | 12/16/2027 | 8637 | 8637 | 8637 |  |  | 1295600 | 1295600 |  | 111 |  | (1) |  | 110 |  | 0 |
| &nbsp;&nbsp; FAR | &nbsp;&nbsp; FAR | Floating rate equal to 1-Day JPY-SOFR less 0.450% based on the notional amount of currency received  | Floating rate equal to 1-Day JPY-SOFR based on the notional amount of currency delivered | Floating rate equal to 1-Day JPY-SOFR based on the notional amount of currency delivered | Maturity | Maturity | 03/17/2032 | 03/17/2032 | 03/17/2032 | 481 | 481 | 481 |  |  | 76000 | 76000 |  | (1) |  | 0 |  | 0 |  | (1) |
| &nbsp;&nbsp; GLM | &nbsp;&nbsp; GLM | Floating rate equal to 1-Day USD-SOFR Compounded-OIS less 0.301% based on the notional amount of currency received  | Floating rate equal to 1-Day GBP-SOFR based on the notional amount of currency delivered | Floating rate equal to 1-Day GBP-SOFR based on the notional amount of currency delivered | Maturity | Maturity | 10/15/2045 | 10/15/2045 | 10/15/2045 | 1347 | 1347 | 1347 | GBP | GBP | 1013 | 1013 |  | (6) |  | (2) |  | 0 |  | (8) |
|  |  | Floating rate equal to 1-Day USD-SOFR Compounded-OIS less 0.315% based on the notional amount of currency received  | Floating rate equal to 1-Day JPY-SOFR based on the notional amount of currency delivered | Floating rate equal to 1-Day JPY-SOFR based on the notional amount of currency delivered | Maturity | Maturity | 12/16/2027 | 12/16/2027 | 12/16/2027 | 7142 | 7142 | 7142 | JPY | JPY | 1107000 | 1107000 |  | 5 |  | (4) |  | 1 |  | 0 |

---

------

<br> Schedule of Investments PIMCO Global Bond Opportunities Portfolio (Unhedged) (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 3 | 18 | 20 | 38 | 51 | 57 | 76 | 78 | 81 | 103 | 113 | 119 | 132 | 151 | 152 | 176 | 182 | 200 | 201 | 223 | 224 |
|  |  | Floating rate equal to 1-Day USD-SOFR Compounded-OIS less 0.425% based on the notional amount of currency received  | Floating rate equal to 1-Day JPY-SOFR based on the notional amount of currency delivered | Maturity | Maturity | 09/16/2031 |  |  |  | 2721 |  | 400000 | 400000 | 3 | 3 | 1 | 1 | 4 | 4 | 0 | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | 113 | 113 | (6) | (6) | 116 | 116 | (9) | (9) |
| **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | Underlying<br>Reference | Underlying<br>Reference | Underlying<br>Reference | # of Units | &nbsp;&nbsp; Financing Rate | &nbsp;&nbsp; Financing Rate | &nbsp;&nbsp; Financing Rate | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount |  | Premiums<br>Paid/(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) |  | Asset |  | Liability |
| &nbsp;&nbsp; CBK | &nbsp;&nbsp; CBK | SIBCSORA Index  | SIBCSORA Index  | SIBCSORA Index  | 0.822 | 0.822 | 0.822 | Semi-Annual | Semi-Annual | 08/26/2026 | 08/26/2026 | SGD | 10 | $0 | 0 | $0 | 0 | $0 | 0 | $0 | 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** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | $**323** | **323** | $**(15)** | **(15)** | $**337** | **337** | $**(29)** | **(29)** |
| **(l)** | **Securities with an aggregate market value of $311 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 $311 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 $311 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 $311 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 $311 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 $311 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 $311 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 $311 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 $311 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 $311 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 $311 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 $311 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 $311 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 $311 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 $311 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 $311 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 $311 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 $311 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 $311 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 $311 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 $311 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> | 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. | 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. | 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. | 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 corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(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. | 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. | 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>(7)</sup> | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. |
| <sup>(8)</sup> | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **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**: | **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 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 |  |  |

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<br> Schedule of Investments PIMCO Global Bond Opportunities Portfolio (Unhedged) (Cont.) March 31, 2026 (Unaudited)

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| | | |
|:---|:---|:---|
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Argentina | Argentina | Argentina |
| Sovereign Issues | $71 | $71 |
| Australia | Australia | Australia |
| Non-Agency Mortgage-Backed Securities | 0 | 1449 |
| Sovereign Issues | 3388 | 3388 |
| Brazil | Brazil | Brazil |
| Sovereign Issues | 2655 | 2655 |
| Bulgaria | Bulgaria | Bulgaria |
| Sovereign Issues | 217 | 217 |
| Canada | Canada | Canada |
| Corporate Bonds & Notes | 1601 | 1601 |
| Sovereign Issues | 1149 | 1149 |
| Cayman Islands | Cayman Islands | Cayman Islands |
| Asset-Backed Securities | 2308 | 2308 |
| Corporate Bonds & Notes | 120 | 120 |
| Sovereign Issues | 203 | 203 |
| Chile | Chile | Chile |
| Sovereign Issues | 203 | 203 |
| Colombia | Colombia | Colombia |
| Sovereign Issues | 2964 | 2964 |
| Costa Rica | Costa Rica | Costa Rica |
| Sovereign Issues | 298 | 298 |
| Denmark | Denmark | Denmark |
| Corporate Bonds & Notes | 99 | 99 |
| Egypt | Egypt | Egypt |
| Sovereign Issues | 238 | 238 |
| France | France | France |
| Corporate Bonds & Notes | 312 | 312 |
| Sovereign Issues | 8285 | 8285 |
| Germany | Germany | Germany |
| Corporate Bonds & Notes | 1325 | 1325 |
| Ireland | Ireland | Ireland |
| Asset-Backed Securities | 5011 | 5011 |
| Israel | Israel | Israel |
| Sovereign Issues | 1304 | 1304 |
| Italy | Italy | Italy |
| Sovereign Issues | 200 | 200 |
| Japan | Japan | Japan |
| Corporate Bonds & Notes | 504 | 504 |
| Sovereign Issues | 6329 | 6329 |
| Jersey, Channel Islands | Jersey, Channel Islands | Jersey, Channel Islands |
| Asset-Backed Securities | 301 | 301 |
| Kuwait | Kuwait | Kuwait |
| Sovereign Issues | 684 | 684 |
| Luxembourg | Luxembourg | Luxembourg |
| Sovereign Issues | 805 | 805 |
| Malaysia | Malaysia | Malaysia |
| Sovereign Issues | 167 | 167 |
| Netherlands | Netherlands | Netherlands |
| Corporate Bonds & Notes | 304 | 304 |
| Norway | Norway | Norway |
| Sovereign Issues | 202 | 202 |
| Peru | Peru | Peru |
| Sovereign Issues | 2944 | 2944 |
| Poland | Poland | Poland |
| Sovereign Issues | 406 | 406 |
| Qatar | Qatar | Qatar |
| Corporate Bonds & Notes | 176 | 176 |
| Romania | Romania | Romania |
| Sovereign Issues | 791 | 791 |
| Saudi Arabia | Saudi Arabia | Saudi Arabia |
| Corporate Bonds & Notes | 199 | 199 |
| Sovereign Issues | 2346 | 2346 |
| Serbia | Serbia | Serbia |
| Sovereign Issues | 194 | 194 |
| South Africa | South Africa | South Africa |
| Sovereign Issues | 3487 | 3487 |
| Spain | Spain | Spain |
| Sovereign Issues | 5587 | 5587 |
| Supranational | Supranational | Supranational |
| Sovereign Issues | 896 | 896 |
| Thailand | Thailand | Thailand |
| Sovereign Issues | 637 | 637 |
| United Arab Emirates | United Arab Emirates | United Arab Emirates |
| Corporate Bonds & Notes | 197 | 197 |
| Sovereign Issues | 384 | 384 |
| United Kingdom | United Kingdom | United Kingdom |
| Corporate Bonds & Notes | 1874 | 1874 |
| Non-Agency Mortgage-Backed Securities | 2438 | 2438 |
| Sovereign Issues | 5673 | 5673 |
| United States | United States | United States |
| Asset-Backed Securities | 3833 | 3833 |
| Corporate Bonds & Notes | 6352 | 6352 |
| Municipal Bonds & Notes | 185 | 185 |
| Non-Agency Mortgage-Backed Securities | 10841 | 10841 |

---

------

<br> Schedule of Investments PIMCO Global Bond Opportunities Portfolio (Unhedged) (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 1 | 12 | 24 | 32 | 47 | 74 | 84 | 110 | 125 | 145 | 158 | 169 | 184 | 190 | 198 | 213 | 218 | 221 |
|  | Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 12 | 12 | 0 | 0 |  |  | 12 | 12 |  |  |
|  | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | 0 | 0 | 75979 | 75979 | 0 | 0 |  |  | 75979 | 75979 |  |  |
|  | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 0 | 14563 | 14563 | 0 | 0 |  |  | 14563 | 14563 |  |  |
| 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 |  |  |
|  | Commercial Paper | Commercial Paper | Commercial Paper | Commercial Paper | Commercial Paper | 0 | 0 | 2092 | 2092 | 0 | 0 |  |  | 2092 | 2092 |  |  |
|  | Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | 0 | 0 | 789 | 789 | 0 | 0 |  |  | 789 | 789 |  |  |
|  | Egypt Treasury Bills | Egypt Treasury Bills | Egypt Treasury Bills | Egypt Treasury Bills | Egypt Treasury Bills | 0 | 0 | 3 | 3 | 0 | 0 |  |  | 3 | 3 |  |  |
|  | Nigeria Treasury Bills | Nigeria Treasury Bills | Nigeria Treasury Bills | Nigeria Treasury Bills | Nigeria Treasury Bills | 0 | 0 | 854 | 854 | 0 | 0 |  |  | 854 | 854 |  |  |
|  | South Africa Treasury Bills | South Africa Treasury Bills | South Africa Treasury Bills | South Africa Treasury Bills | South Africa Treasury Bills | 0 | 0 | 1015 | 1015 | 0 | 0 |  |  | 1015 | 1015 |  |  |
|  |  |  |  |  |  | $0 | 0 | $185994 | 185994 | $1449 | 1449 | $ | $ | 187443 | 187443 |  |  |
| **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 | $4370 | 4370 | $0 | 0 | $0 | 0 | $ | $ | 4370 | 4370 |  |  |
| Total Investments | Total Investments | Total Investments | Total Investments | Total Investments | Total Investments | $4370 | 4370 | $185994 | 185994 | $1449 | 1449 | $ | $ | 191813 | 191813 |  |  |
| **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**  | **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**  | **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**  | **Short Sales, at Value - Liabilities**  |  |  |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | (770) | (770) | 0 | 0 |  |  | (770) | (770) |  |  |
| 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 | (30197) | (30197) | 0 | 0 |  |  | (30197) | (30197) |  |  |
|  |  |  |  |  |  | $0 | 0 | $(30967) | (30967) | $0 | 0 | $ | $ | (30967) | (30967) |  |  |
| **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 | 119 | 119 | 944 | 944 | 0 | 0 |  |  | 1063 | 1063 |  |  |
| Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 | 2169 | 2169 | 1 | 1 |  |  | 2170 | 2170 |  |  |
|  |  |  |  |  |  | $119 | 119 | $3113 | 3113 | $1 | 1 | $ | $ | 3233 | 3233 |  |  |
| **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 | (316) | (316) | (386) | (386) | 0 | 0 |  |  | (702) | (702) |  |  |
| Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 | (2383) | (2383) | 0 | 0 |  |  | (2383) | (2383) |  |  |
|  |  |  |  |  |  | $(316) | (316) | $(2769) | (2769) | $0 | 0 | $ | $ | (3085) | (3085) |  |  |
| Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | $(197) | (197) | $344 | 344 | $1 | 1 | $ | $ | 148 | 148 |  |  |
| Totals | Totals | Totals | Totals | Totals | Totals | $4173 | 4173 | $155371 | 155371 | $1450 | 1450 | $ | $ | 160994 | 160994 |  |  |
| **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<sup>(1)</sup> | Net<br>Purchases<sup>(1)</sup> | Net<br>Sales/Settlements<sup>(1)</sup> | Accrued<br>Discounts/<br>(Premiums) | Accrued<br>Discounts/<br>(Premiums) | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(2)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(2)</sup> | Transfers into<br>Level 3 | Transfers 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>(2)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>03/31/2026<sup>(2)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>03/31/2026<sup>(2)</sup> |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Australia |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Non-Agency Mortgage-Backed Securities | $1401 | $ | 0 | $ | $ | 0 | $ | 48 | $0 | 0 | $0 | 0 | $ | 1449 | $ | $ | 48 |
|  | 1401 | $ | 0 | $ | $ | 0 | $ | 48 | $0 | 0 | $0 | 0 | $ | 1449 | $ | $ | 48 |
| **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** |
| Over the counter | 2 | $ | 0 | $ | $ | 0 | $ | (1) | $0 | 0 | $0 | 0 | $ | 1 | $ | $ | (1) |
| Totals | 1402 | $ | 0 | $ | $ | 0 | $ | 47 | $0 | 0 | $0 | 0 | $ | 1450 | $ | $ | 47 |
| <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; 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** |
| Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | $1449 | 1449 | &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 | 100.000 | 100.000 | 100.000 | 100.000 | —  | —  |
| **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** |
| Over the counter | Over the counter | Over the counter | $1 | 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | 0.191  | 0.191  | 0.191  | 0.191  | —  | —  |

---

---

| | | |
|:---|:---|:---|
| Total | Total | $1450 |
| <sup>(1)</sup> | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. |
| <sup>(2)</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. |

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------

Notes to Financial Statements

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

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

**(a) Investment Valuation Policies** The net asset value ("NAV") of the Portfolio's shares, or each of its share classes, as applicable, is determined by dividing the total value of portfolio investments and other assets attributable to the 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, the 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 Portfolio or its agents after the time as of which NAV has been calculated on a particular day will not generally be used to retroactively adjust the price of a security or the NAV determined earlier that day. If regular trading on the NYSE closes earlier than scheduled, the Portfolio may calculate its NAV as of the earlier closing time or calculate its NAV as of the NYSE Close for that day. The 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, the Portfolio may calculate its NAV as of the NYSE Close for such day or such other time that the 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 the 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 Portfolio will normally use pricing data for domestic equity securities received shortly after the NYSE Close and does not normally take into account trading, clearances or settlements that take place after the NYSE Close. A foreign (non-U.S.) equity security traded on a foreign exchange or on more than one exchange is typically valued using pricing information from the exchange considered by Pacific Investment Management Company LLC ("PIMCO") to be the primary exchange. If market value pricing is used, a foreign (non-U.S.) equity security will be valued as of the close of trading on the foreign exchange or the NYSE Close, if the NYSE Close occurs before the end of trading on the foreign exchange.

Investments for which market quotations are not readily available are valued at fair value as determined in good faith pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended (the "Act"). As a general principle, the fair value of a security or other asset is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Pursuant to Rule 2a-5, the Board of Trustees has designated PIMCO as the valuation designee ("Valuation Designee") for the 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 the 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. Open-end management investment companies may include affiliated funds.

If a foreign (non-U.S.) equity security's value has materially changed after the close of the security's primary exchange or principal market but before the NYSE Close, the security may be valued at fair value. Foreign (non-U.S.) equity securities that do not trade when the NYSE is open are also valued at fair value. With respect to foreign (non-U.S.) equity securities, the 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. The 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 the Trust is not open for business, which may result in the 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 the 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 the Trust is not open for business. As a result, to the extent that the 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 the 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 the 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 the 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 the Portfolio may differ from the value that would be realized if the securities were sold. The Portfolio's use of fair valuation may also help to deter "stale price arbitrage" as discussed under the " Frequent or Excessive Purchases, Exchanges and Redemptions " section in the Portfolio's prospectus.

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

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

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Notes to Financial Statements (Cont.)

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

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

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

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

In accordance with the requirements of U.S. GAAP, the amounts of transfers into and out of Level 3, if material, are disclosed in the Notes to Schedule of Investments for the 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 of the Portfolio's assets and liabilities. Additionally, U.S. GAAP requires quantitative information regarding the significant unobservable inputs used in the determination of fair value of assets or liabilities categorized as Level 3 in the fair value hierarchy. In accordance with the requirements of U.S. GAAP, a fair value hierarchy and, if material, a Level 3 reconciliation and details of significant unobservable inputs, have been included in the Notes to Schedule of Investments for the 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 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 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

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Notes to Financial Statements (Cont.)

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.

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.

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

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

**2. FEDERAL INCOME TAX MATTERS**

The 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.

The 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 Portfolio's tax positions for all open tax years. As of March 31, 2026, the Portfolio has recorded no liability for net unrecognized tax benefits relating to uncertain income tax positions it has taken or expects to take in future tax returns.

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

Shares of the Portfolio currently are sold to segregated asset accounts ("Separate Accounts") of insurance companies that fund variable annuity contracts and variable life insurance policies ("Variable Contracts"). Please refer to the prospectus for the Separate Account and Variable Contract for information regarding Federal income tax treatment of distributions to the Separate Account.

**3. INVESTMENTS IN AFFILIATES** 

The 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 the Act and rules thereunder. 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 Portfolio. 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 Portfolio's website at www.pimco.com, or upon request, as applicable. The table below shows the Portfolio's transactions in and earnings from investments in the affiliated funds for the period ended March 31, 2026 (amounts in thousands<sup>†</sup>):

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

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **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> |
| $1459 | $15411 | $(12500) | $0 | $0 | $4370 | $11 | $0 |

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<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 | **FAR** | Wells Fargo Bank National Association | **MYI** | Morgan Stanley & Co. International PLC |
| **BOA** | Bank of America N.A. | **GLM** | Goldman Sachs Bank USA | **NGF** | Nomura Global Financial Products, Inc. |
| **BPS** | BNP Paribas S.A. | **IND** | Crédit Agricole Corporate and Investment Bank <br> S.A. | **RBC** | Royal Bank of Canada |
| **BRC** | Barclays Bank PLC | **JPM** | JP Morgan Chase Bank N.A. | **SCX** | Standard Chartered Bank, London |
| **BSH** | Banco Santander S.A. - New York Branch | **JPS** | J.P. Morgan Securities LLC | **SOG** | Societe Generale Paris |
| **BSN** | The Bank of Nova Scotia - Toronto | **MBC** | HSBC Bank Plc | **SSB** | State Street Bank and Trust Co. |
| **CBK** | Citibank N.A. | **MEI** | Merrill Lynch International | **UAG** | UBS AG Stamford |
| **DUB** | Deutsche Bank AG | **MYC** | Morgan Stanley Bank, N.A. |  |  |
| **Currency Abbreviations:** | **Currency Abbreviations:** |  |  |  |  |
| **AUD** | Australian Dollar | **GBP** | British Pound | **NOK** | Norwegian Krone |
| **BRL** | Brazilian Real | **HKD** | Hong Kong Dollar | **NZD** | New Zealand Dollar |
| **CAD** | Canadian Dollar | **HUF** | Hungarian Forint | **PEN** | Peruvian New Sol |
| **CHF** | Swiss Franc | **IDR** | Indonesian Rupiah | **PLN** | Polish Zloty |
| **CLP** | Chilean Peso | **ILS** | Israeli Shekel | **RON** | Romanian New Leu |
| **CNH** | Chinese Renminbi (Offshore) | **INR** | Indian Rupee | **SEK** | Swedish Krona |
| **CNY** | Chinese Renminbi (Mainland) | **JPY** | Japanese Yen | **SGD** | Singapore Dollar |
| **COP** | Colombian Peso | **KRW** | South Korean Won | **THB** | Thai Baht |
| **CZK** | Czech Koruna | **KZT** | Kazakhstani Tenge | **TRY** | Turkish New Lira |
| **DKK** | Danish Krone | **MXN** | Mexican Peso | **TWD** | Taiwanese Dollar |
| **EGP** | Egyptian Pound | **MYR** | Malaysian Ringgit | **USD (or $)** | United States Dollar |
| **EUR** | Euro | **NGN** | Nigerian Naira | **ZAR** | South African Rand |
| **Exchange Abbreviations:** | **Exchange Abbreviations:** |  |  |  |  |
| **CBOE** | Chicago Board Options Exchange | **OTC** | Over the Counter |  |  |
| **Index/Spread Abbreviations:** | **Index/Spread Abbreviations:** |  |  |  |  |
| **Bobl** | Bundesobligation, the German word for federal government bond | **EUR003M** | 3 Month EUR Swap Rate | **SONIO** | Sterling Overnight Interbank Average Rate |
| **CAONREPO** | Canadian Overnight Repo Rate Average | **MUTKCALM** | Tokyo Overnight Average Rate | **SRFXON3** | Swiss Overnight Rate Average (6PM) |
| **CDX.IG** | Credit Derivatives Index - Investment Grade | **SIBCSORA** | Singapore Overnight Rate Average | **THOR** | Thai Overnight Baht Repurchase Rate |
| **CPI** | Consumer Price Index | **SOFR** | Secured Overnight Financing Rate |  |  |
| **Other Abbreviations:** | **Other Abbreviations:** |  |  |  |  |
| **ABS** | Asset-Backed Security | **DAC** | Designated Activity Company | **PRIBOR** | Prague Interbank Offered Rate |
| **ALT** | Alternate Loan Trust | **EURIBOR** | Euro Interbank Offered Rate | **REMIC** | Real Estate Mortgage Investment Conduit |
| **BBR** | Bank Bill Rate | **KORIBOR** | Korea Interbank Offered Rate | **STIBOR** | Stockholm Interbank Offered Rate |
| **BBSW** | Bank Bill Swap Reference Rate | **NIBOR** | Norwegian Interbank Offered Rate | **TBA** | To-Be-Announced |
| **BRL-CDI** | Brazil Interbank Deposit Rate | **OAT** | Obligations Assimilables du Trésor | **TBD** | To-Be-Determined |
| **BTP** | Buoni del Tesoro Poliennali "Long-term Treasury Bond" | **OIS** | Overnight Index Swap | **WIBOR** | Warsaw Interbank Offered Rate |
| **CLO** | Collateralized Loan Obligation |  |  |  |  |

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<br> Schedule of Investments PIMCO Global Core Bond (Hedged) Portfolio March 31, 2026 (Unaudited)

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| | | |
|:---|:---|:---|
| 0 | 168 | 211 |
| **(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 144.1% ¤** |  |  |
| **ARGENTINA 0.1%**  |  |  |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **Argentina Bonar Bonds**  |  |  |
| 0.750% due 07/09/2030 þ  | $25 | $20 |
| 4.125% due 07/09/2035 þ  | 24 | 17 |
| Total Argentina (Cost $29) |  | 37 |
| **AUSTRALIA 5.1%**  |  |  |
| **CORPORATE BONDS & NOTES 1.1%**  |  |  |
| **Commonwealth Bank of Australia** <br>4.971% due 01/22/2030 | $800 | 824 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 1.1%**  |  |  |
| **Project Cashmere** <br>4.543% due 12/30/2057 «(b) | 1200 | 828 |
| **SOVEREIGN ISSUES 2.9%**  |  |  |
| **Australia Government Bonds**  |  |  |
| 1.750% due 06/21/2051  | 50 | 17 |
| 2.500% due 05/21/2030  | 100 | 63 |
| **New South Wales Treasury Corp.**  |  |  |
| 1.750% due 03/20/2034  | 735 | 388 |
| 2.000% due 03/08/2033  | 200 | 112 |
| 3.500% due 11/20/2037  | 200 | 112 |
| 4.750% due 09/20/2035  | 500 | 325 |
| **Queensland Treasury Corp.**  |  |  |
| 1.750% due 07/20/2034  | 100 | 52 |
| 5.250% due 07/21/2036  | 300 | 201 |
| **Treasury Corp. of Victoria**  |  |  |
| 2.000% due 09/17/2035  | 200 | 101 |
| 2.250% due 09/15/2033  | 1000 | 557 |
| 4.250% due 12/20/2032  | 200 | 130 |
| 4.750% due 09/15/2036  | 100 | 64 |
|  |  | 2122 |
| Total Australia (Cost $3,649) |  | 3774 |
| **BRAZIL 2.4%**  |  |  |
| **SOVEREIGN ISSUES 2.4%**  |  |  |
| **Brazil Letras do Tesouro Nacional**  |  |  |
| 0.000% due 07/01/2026 (d)  | 5500 | 1028 |
| 0.000% due 10/01/2026 (d)  | 4100 | 742 |
| Total Brazil (Cost $1,758) |  | 1770 |
| **BULGARIA 0.3%**  |  |  |
| **SOVEREIGN ISSUES 0.3%**  |  |  |
| **Bulgaria Government International Bonds**  |  |  |
| 3.375% due 07/18/2035  | 100 | 111 |
| 4.125% due 07/18/2045  | 100 | 108 |
| Total Bulgaria (Cost $227) |  | 219 |
| **CANADA 4.8%**  |  |  |
| **CORPORATE BONDS & NOTES 2.0%**  |  |  |
| **Air Canada Pass-Through Trust** <br>3.300% due 07/15/2031 | $62 | 59 |
| **Bank of Nova Scotia** <br>0.010% due 09/14/2029 | 200 | 209 |
| **Canadian Imperial Bank of Commerce** <br>4.876% due 01/14/2030 | $600 | 616 |

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<br> Schedule of Investments PIMCO Global Core Bond (Hedged) Portfolio (Cont.) March 31, 2026 (Unaudited)

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| | | |
|:---|:---|:---|
| 0 | 168 | 211 |
| **Fairfax Financial Holdings Ltd.** <br>2.750% due 03/29/2028 | 100 | 113 |
| **Royal Bank of Canada**  |  |  |
| 4.498% due 08/06/2029 •  | $200 | 200 |
| 4.851% due 12/14/2026  | 200 | 201 |
| 4.969% due 08/02/2030 •  | 100 | 101 |
|  |  | 1499 |
| **SOVEREIGN ISSUES 2.8%**  |  |  |
| **Canada Government Bonds** <br>3.000% due 06/01/2034 | 1300 | 911 |
| **Canada Government Real Return Bonds** <br>1.500% due 12/01/2044 (f) | 143 | 98 |
| **Export Development Canada** <br>7.130% due 03/11/2029 | 13500 | 140 |
| **Province of Ontario** <br>3.650% due 06/02/2033 | 200 | 144 |
| **Province of Quebec**  |  |  |
| 3.600% due 09/01/2033  | 1000 | 715 |
| 4.450% due 09/01/2034  | 100 | 75 |
|  |  | 2083 |
| Total Canada (Cost $3,601) |  | 3582 |
| **CAYMAN ISLANDS 2.5%**  |  |  |
| **ASSET-BACKED SECURITIES 1.9%**  |  |  |
| **37 Capital CLO 1 Ltd.** <br>4.952% due 10/15/2034 •  | $450 | 450 |
| **522 Funding CLO Ltd.** <br>4.969% due 10/20/2031 •  | 5 | 5 |
| **Arbor Realty Commercial Real Estate Notes Ltd.** <br>5.122% due 01/15/2037 •  | 97 | 97 |
| **LoanCore Issuer Ltd.** <br>5.222% due 01/17/2037 •  | 51 | 51 |
| **Starwood Ltd.** <br>4.994% due 04/18/2038 •  | 21 | 21 |
| **TCW CLO AMR Ltd.** <br>4.954% due 08/16/2034 •  | 500 | 501 |
| **Voya CLO Ltd.** <br>4.868% due 07/20/2032 •  | 289 | 288 |
|  |  | 1413 |
| **CORPORATE BONDS & NOTES 0.3%**  |  |  |
| **Sands China Ltd.** <br>5.400% due 08/08/2028 | 200 | 202 |
| **SOVEREIGN ISSUES 0.3%**  |  |  |
| **KSA Sukuk Ltd.** <br>5.268% due 10/25/2028 | 200 | 202 |
| Total Cayman Islands (Cost $1,812) |  | 1817 |
| **CHINA 4.4%**  |  |  |
| **SOVEREIGN ISSUES 4.4%**  |  |  |
| **China Development Bank**  |  |  |
| 2.630% due 01/08/2034  | 9190 | 1406 |
| 2.820% due 05/22/2033  | 7810 | 1207 |
| **China Government Bonds** <br>2.190% due 09/25/2054 | 4800 | 671 |
| Total China (Cost $3,242) |  | 3284 |
| **COLOMBIA 1.2%**  |  |  |
| **SOVEREIGN ISSUES 1.2%**  |  |  |
| **Colombia TES**  |  |  |
| 11.000% due 08/22/2029  | 906800 | 229 |
| 11.750% due 01/24/2035  | 862700 | 214 |
| 12.750% due 11/28/2040  | 914300 | 242 |
| 13.250% due 02/09/2033  | 791500 | 212 |
| Total Colombia (Cost $872) |  | 897 |
| **DENMARK 0.1%**  |  |  |
| **CORPORATE BONDS & NOTES 0.1%**  |  |  |
| **Jyske Realkredit AS**  |  |  |
| 1.000% due 10/01/2050  | 20 | 2 |

---

------

<br> Schedule of Investments PIMCO Global Core Bond (Hedged) Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 168 | 211 |
| **Nordea Kredit Realkreditaktieselskab**  |  |  |
| 1.500% due 10/01/2053  | 796 | 100 |
| 1.500% due 10/01/2052  | 1 | 0 |
| Total Denmark (Cost $121) |  | 102 |
| **EGYPT 0.1%**  |  |  |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **Egypt Government Bonds** <br>19.698% due 10/14/2030 | 4400 | 79 |
| Total Egypt (Cost $94) |  | 79 |
| **FRANCE 5.3%**  |  |  |
| **CORPORATE BONDS & NOTES 0.8%**  |  |  |
| **BPCE SA** <br>5.876% due 01/14/2031 •  | $300 | 309 |
| **Credit Agricole SA** <br>5.862% due 01/09/2036 •  | 250 | 258 |
|  |  | 567 |
| **SOVEREIGN ISSUES 4.5%**  |  |  |
| **French Republic Government Bonds OAT**  |  |  |
| 2.750% due 02/25/2029  | 1100 | 1266 |
| 2.750% due 02/25/2030  | 1800 | 2059 |
|  |  | 3325 |
| Total France (Cost $3,740) |  | 3892 |
| **INDONESIA 0.1%**  |  |  |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **Indonesia Government International Bonds** <br>4.125% due 01/15/2037 | 100 | 109 |
| Total Indonesia (Cost $102) |  | 109 |
| **IRELAND 2.4%**  |  |  |
| **ASSET-BACKED SECURITIES 2.4%**  |  |  |
| **Arbour CLO DAC** <br>3.314% due 05/15/2038 •  | 450 | 520 |
| **Arbour CLO VI DAC** <br>3.134% due 11/15/2037 •  | 300 | 347 |
| **Harvest CLO XXI DAC** <br>2.776% due 07/15/2031 •  | 84 | 98 |
| **Rockford Tower Europe CLO DAC** <br>3.271% due 08/29/2036 •  | 300 | 346 |
| **St. Pauls CLO** <br>2.876% due 01/17/2032 •  | 380 | 439 |
| Total Ireland (Cost $1,670) |  | 1750 |
| **ISRAEL 1.3%**  |  |  |
| **SOVEREIGN ISSUES 1.3%**  |  |  |
| **Israel Government International Bonds**  |  |  |
| 5.375% due 03/12/2029  | $200 | 203 |
| 5.375% due 02/19/2030  | 400 | 406 |
| 5.500% due 03/12/2034  | 200 | 203 |
| **State of Israel** <br>3.800% due 05/13/2060 | 200 | 130 |
| Total Israel (Cost $1,001) |  | 942 |
| **ITALY 2.9%**  |  |  |
| **CORPORATE BONDS & NOTES 0.5%**  |  |  |
| **Banca Monte dei Paschi di Siena SpA** <br>0.875% due 10/08/2027 | 100 | 115 |
| **Intesa Sanpaolo SpA** <br>7.200% due 11/28/2033 | $200 | 224 |
|  |  | 339 |
| **SOVEREIGN ISSUES 2.4%**  |  |  |
| **Cassa Depositi e Prestiti SpA** <br>5.750% due 05/05/2026 | 200 | 200 |

---

------

<br> Schedule of Investments PIMCO Global Core Bond (Hedged) Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 168 | 211 |
| **Italy Buoni Poliennali Del Tesoro** <br>3.400% due 04/01/2028 | 1000 | 1168 |
| **Republic of Italy Government International Bonds** <br>6.000% due 08/04/2028 | 300 | 406 |
|  |  | 1774 |
| Total Italy (Cost $2,216) |  | 2113 |
| **JAPAN 5.4%**  |  |  |
| **CORPORATE BONDS & NOTES 1.5%**  |  |  |
| **Mitsubishi UFJ Financial Group, Inc.** <br>4.527% due 09/12/2031 •  | $200 | 198 |
| **Sumitomo Mitsui Financial Group, Inc.**  |  |  |
| 5.454% due 01/15/2032  | 400 | 413 |
| 5.520% due 01/13/2028  | 300 | 306 |
| **Sumitomo Mitsui Trust Bank Ltd.** <br>4.350% due 09/11/2030 | 200 | 199 |
|  |  | 1116 |
| **SOVEREIGN ISSUES 3.9%**  |  |  |
| **Japan Government CPI-Linked Bonds** <br>0.100% due 03/10/2028 (f) | 135359 | 856 |
| **Japan Government Five Year Bonds** <br>0.400% due 06/20/2029 | 10000 | 61 |
| **Japan Government Forty Year Bonds** <br>2.200% due 03/20/2064 | 27000 | 118 |
| **Japan Government Thirty Year Bonds**  |  |  |
| 0.500% due 03/20/2049  | 66400 | 223 |
| 0.700% due 12/20/2048  | 85000 | 305 |
| 0.700% due 12/20/2050  | 13000 | 43 |
| 0.700% due 03/20/2051  | 13000 | 43 |
| 0.700% due 06/20/2051  | 11000 | 36 |
| 2.200% due 06/20/2054  | 1750 | 8 |
| 3.400% due 12/20/2055  | 30000 | 181 |
| **Japan Government Twenty Year Bonds**  |  |  |
| 0.400% due 06/20/2040  | 100000 | 450 |
| 2.000% due 12/20/2044  | 60000 | 314 |
| 2.400% due 03/20/2045  | 45000 | 251 |
|  |  | 2889 |
| Total Japan (Cost $5,544) |  | 4005 |
| **JERSEY, CHANNEL ISLANDS 0.7%**  |  |  |
| **ASSET-BACKED SECURITIES 0.7%**  |  |  |
| **Trysail CLO Ltd.** <br>4.907% due 10/20/2033 •  | $500 | 501 |
| Total Jersey, Channel Islands (Cost $500) |  | 501 |
| **KUWAIT 0.5%**  |  |  |
| **SOVEREIGN ISSUES 0.5%**  |  |  |
| **Kuwait International Government Bonds**  |  |  |
| 4.016% due 10/09/2028  | $200 | 197 |
| 4.652% due 10/09/2035  | 200 | 193 |
| Total Kuwait (Cost $400) |  | 390 |
| **LUXEMBOURG 1.4%**  |  |  |
|  | SHARES |  |
| **COMMON STOCKS 0.3%**  |  |  |
| **Drillco Holdings Luxembourg SA «(g)** | 6410 | 148 |
| **Foresea Holdings SA «** | 2675 | 61 |
|  |  | 209 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **CORPORATE BONDS & NOTES 0.6%**  |  |  |
| **FORESEA Holding SA** <br>7.500% due 06/15/2030 | $113 | 111 |

---

------

<br> Schedule of Investments PIMCO Global Core Bond (Hedged) Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 168 | 211 |
| **Greensaif Pipelines Bidco SARL** <br>6.510% due 02/23/2042 | 300 | 311 |
|  |  | 422 |
| **SOVEREIGN ISSUES 0.5%**  |  |  |
| **Eagle Funding Luxco SARL** <br>5.500% due 08/17/2030 | 400 | 403 |
| Total Luxembourg (Cost $904) |  | 1034 |
| **MALAYSIA 1.8%**  |  |  |
| **CORPORATE BONDS & NOTES 0.6%**  |  |  |
| **Petronas Capital Ltd.** <br>2.480% due 01/28/2032 | $500 | 448 |
| **SOVEREIGN ISSUES 1.2%**  |  |  |
| **Malaysia Government Bonds**  |  |  |
| 2.632% due 04/15/2031  | 400 | 95 |
| 3.519% due 04/20/2028  | 2831 | 704 |
| 4.762% due 04/07/2037  | 200 | 54 |
|  |  | 853 |
| Total Malaysia (Cost $1,242) |  | 1301 |
| **MEXICO 0.2%**  |  |  |
| **SOVEREIGN ISSUES 0.2%**  |  |  |
| **Mexico Government International Bonds** <br>4.490% due 05/25/2032 | 100 | 115 |
| Total Mexico (Cost $109) |  | 115 |
| **NEW ZEALAND 0.1%**  |  |  |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **New Zealand Government Bonds** <br>1.500% due 05/15/2031 | 100 | 50 |
| Total New Zealand (Cost $68) |  | 50 |
| **NORWAY 0.1%**  |  |  |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **Kommunalbanken AS** <br>1.900% due 01/19/2027 | 100 | 67 |
| Total Norway (Cost $73) |  | 67 |
| **PERU 2.1%**  |  |  |
| **SOVEREIGN ISSUES 2.1%**  |  |  |
| **Peru Government Bonds**  |  |  |
| 6.850% due 08/12/2035  | 900 | 264 |
| 7.300% due 08/12/2033  | 3700 | 1165 |
| **Peru Government International Bonds**  |  |  |
| 5.375% due 02/08/2035  | $100 | 100 |
| 6.150% due 08/12/2032  | 100 | 30 |
| Total Peru (Cost $1,495) |  | 1559 |
| **POLAND 0.4%**  |  |  |
| **SOVEREIGN ISSUES 0.4%**  |  |  |
| **Republic of Poland Government International Bonds**  |  |  |
| 4.875% due 02/12/2030  | $100 | 102 |
| 5.125% due 09/18/2034  | 200 | 201 |
| Total Poland (Cost $299) |  | 303 |
| **ROMANIA 0.6%**  |  |  |
| **SOVEREIGN ISSUES 0.6%**  |  |  |
| **Romania Government International Bonds**  |  |  |
| 1.375% due 12/02/2029  | 90 | 93 |
| 2.125% due 03/07/2028  | 100 | 112 |
| 5.000% due 09/27/2026  | 220 | 257 |

---

------

<br> Schedule of Investments PIMCO Global Core Bond (Hedged) Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 168 | 211 |
| Total Romania (Cost $458) |  | 462 |
| **SAUDI ARABIA 1.5%**  |  |  |
| **SOVEREIGN ISSUES 1.5%**  |  |  |
| **Saudi Government International Bonds**  |  |  |
| 3.250% due 10/22/2030  | $200 | 188 |
| 3.375% due 03/05/2032  | 200 | 224 |
| 4.750% due 01/18/2028  | $200 | 200 |
| 4.750% due 01/16/2030  | 200 | 200 |
| 5.375% due 01/13/2031  | 300 | 307 |
| Total Saudi Arabia (Cost $1,098) |  | 1119 |
| **SERBIA 0.1%**  |  |  |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **Serbia International Bonds** <br>1.000% due 09/23/2028 | 100 | 107 |
| Total Serbia (Cost $117) |  | 107 |
| **SOUTH AFRICA 1.9%**  |  |  |
| **SOVEREIGN ISSUES 1.9%**  |  |  |
| **Republic of South Africa Government Bonds**  |  |  |
| 6.250% due 03/31/2036  | 700 | 33 |
| 8.000% due 01/31/2030  | 4300 | 252 |
| 8.750% due 02/28/2048  | 1100 | 59 |
| 8.875% due 02/28/2035  | 17600 | 1022 |
| 10.500% due 12/21/2026  | 1000 | 60 |
| Total South Africa (Cost $1,351) |  | 1426 |
| **SOUTH KOREA 1.3%**  |  |  |
| **SOVEREIGN ISSUES 1.3%**  |  |  |
| **Korea Treasury Bonds**  |  |  |
| 1.375% due 06/10/2030  | 111630 | 66 |
| 2.375% due 12/10/2028  | 326550 | 207 |
| 2.625% due 06/10/2028  | 1130790 | 725 |
| Total South Korea (Cost $1,184) |  | 998 |
| **SPAIN 3.2%**  |  |  |
| **SOVEREIGN ISSUES 3.2%**  |  |  |
| **Spain Government Bonds**  |  |  |
| 1.450% due 04/30/2029  | 72 | 80 |
| 2.400% due 05/31/2028  | 450 | 517 |
| 3.150% due 04/30/2035  | 270 | 306 |
| 3.200% due 10/31/2035  | 200 | 226 |
| 3.450% due 10/31/2034  | 740 | 860 |
| 3.500% due 05/31/2029  | 300 | 354 |
| Total Spain (Cost $2,314) |  | 2343 |
| **SUPRANATIONAL 0.8%**  |  |  |
| **SOVEREIGN ISSUES 0.8%**  |  |  |
| **European Union** <br>3.750% due 10/12/2045 | 500 | 560 |
| Total Supranational (Cost $583) |  | 560 |
| **SWITZERLAND 0.9%**  |  |  |
| **CORPORATE BONDS & NOTES 0.9%**  |  |  |
| **UBS Group AG**  |  |  |
| 4.194% due 04/01/2031 •  | $250 | 245 |
| 4.282% due 01/09/2028  | 250 | 249 |
| 5.699% due 02/08/2035 •  | 200 | 205 |
| Total Switzerland (Cost $717) |  | 699 |
| **THAILAND 0.8%**  |  |  |
| **SOVEREIGN ISSUES 0.8%**  |  |  |
| **Thailand Government Bonds**  |  |  |
| 1.840% due 05/17/2036  | 4177 | 123 |

---

------

<br> Schedule of Investments PIMCO Global Core Bond (Hedged) Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 168 | 211 |
| 2.700% due 06/17/2040  | 13100 | 391 |
| 2.980% due 06/17/2045  | 3524 | 103 |
| Total Thailand (Cost $673) |  | 617 |
| **UNITED ARAB EMIRATES 0.7%**  |  |  |
| **CORPORATE BONDS & NOTES 0.7%**  |  |  |
| **Abu Dhabi Developmental Holding Co. PJSC**  |  |  |
| 4.375% due 10/02/2031  | $300 | 291 |
| 5.375% due 05/08/2029  | 200 | 204 |
| Total United Arab Emirates (Cost $498) |  | 495 |
| **UNITED KINGDOM 7.7%**  |  |  |
| **CORPORATE BONDS & NOTES 3.3%**  |  |  |
| **Barclays PLC** <br>4.972% due 05/16/2029 •  | $400 | 403 |
| **HSBC Holdings PLC** <br>4.856% due 05/23/2033 •  | 400 | 484 |
| **Nationwide Building Society** <br>2.972% due 02/16/2028 •  | $300 | 296 |
| **NatWest Group PLC**  |  |  |
| 5.516% due 09/30/2028 •  | 300 | 305 |
| 5.778% due 03/01/2035 •  | 300 | 310 |
| **Santander U.K. Group Holdings PLC** <br>6.534% due 01/10/2029 •  | 200 | 206 |
| **Standard Chartered PLC** <br>2.608% due 01/12/2028 •  | 200 | 197 |
| **Vmed O2 U.K. Financing I PLC** <br>5.625% due 04/15/2032 | 200 | 213 |
|  |  | 2414 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 0.4%**  |  |  |
| **Alba PLC** <br>4.054% due 11/25/2042 •  | 32 | 42 |
| **Eurosail-U.K. PLC** <br>4.815% (SONIO/N + 1.069%) due 06/13/2045 ~ | 77 | 101 |
| **RMAC Securities No. 1 PLC** <br>4.035% due 06/12/2044 •  | 108 | 140 |
|  |  | 283 |
| **SOVEREIGN ISSUES 4.0%**  |  |  |
| **U.K. Gilts**  |  |  |
| 0.625% due 10/22/2050  | 400 | 184 |
| 1.250% due 07/31/2051  | 500 | 277 |
| 1.500% due 07/31/2053  | 100 | 57 |
| 1.750% due 01/22/2049  | 100 | 68 |
| 4.375% due 03/07/2030  | 1800 | 2379 |
|  |  | 2965 |
| Total United Kingdom (Cost $6,395) |  | 5662 |
| **UNITED STATES 76.6%**  |  |  |
| **ASSET-BACKED SECURITIES 3.4%**  |  |  |
| **Argent Securities Trust**  |  |  |
| 4.093% due 07/25/2036 •  | $306 | 82 |
| 4.113% due 05/25/2036 •  | 532 | 125 |
| **Avis Budget Rental Car Funding AESOP LLC** <br>1.660% due 02/20/2028 | 300 | 295 |
| **C-BASS Mortgage Loan Trust** <br>3.257% due 03/25/2037 þ | 199 | 72 |
| **Countrywide Asset-Backed Certificates Trust**  |  |  |
| 4.073% due 07/25/2037 •  | 30 | 28 |
| 4.354% due 07/25/2036 ~  | 2 | 2 |
| 5.668% due 07/25/2035 •  | 523 | 522 |
| **First Franklin Mortgage Loan Trust** <br>5.068% due 07/25/2034 •  | 3 | 2 |
| **Home Equity Mortgage Loan Asset-Backed Trust** <br>4.033% due 04/25/2037 •  | 177 | 120 |
| **MASTR Asset-Backed Securities Trust** <br>4.213% due 05/25/2037 •  | 69 | 67 |
| **Morgan Stanley ABS Capital I, Inc. Trust** <br>4.023% due 10/25/2036 •  | 414 | 216 |
| **Morgan Stanley Mortgage Loan Trust** <br>6.000% due 02/25/2037 ~ | 8 | 7 |
| **New Century Home Equity Loan Trust** <br>7.000% due 06/20/2031 ~ | 213 | 196 |
| **Nomura Home Equity Loan, Inc. Home Equity Loan Trust** <br>4.423% due 02/25/2036 •  | 221 | 202 |

---

------

<br> Schedule of Investments PIMCO Global Core Bond (Hedged) Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 168 | 211 |
| **Option One Mortgage Loan Trust** <br>3.933% due 03/25/2037 •  | 33 | 31 |
| **Renaissance Home Equity Loan Trust** <br>5.294% due 01/25/2037 þ | 363 | 107 |
| **SMB Private Education Loan Trust**  |  |  |
| 1.290% due 07/15/2053  | 38 | 36 |
| 4.887% due 07/15/2053 •  | 19 | 19 |
| 5.122% due 02/16/2055 •  | 137 | 139 |
| **Structured Asset Investment Loan Trust** <br>5.518% due 10/25/2034 •  | 232 | 231 |
| **Terwin Mortgage Trust** <br>4.733% due 11/25/2033 •  | 3 | 3 |
|  |  | 2502 |
| **CORPORATE BONDS & NOTES 7.2%**  |  |  |
| **Athene Global Funding** <br>4.857% (SOFRINDX + 1.210%) due 03/25/2027 ~ | 200 | 200 |
| **Bank of America Corp.**  |  |  |
| 5.162% due 01/24/2031 •  | 300 | 306 |
| 5.288% due 04/25/2034 •  | 100 | 101 |
| **Beignet Investor LLC** <br>6.581% due 05/30/2049 | 740 | 761 |
| **Boeing Co.** <br>6.388% due 05/01/2031 | 100 | 107 |
| **Credit Suisse AG AT1 Claim** | 300 | 105 |
| **GA Global Funding Trust**  |  |  |
| 2.250% due 01/06/2027  | 150 | 148 |
| 5.400% due 01/13/2030  | 200 | 200 |
| **Goldman Sachs Group, Inc.**  |  |  |
| 4.692% due 10/23/2030 •  | 100 | 100 |
| 5.330% due 07/23/2035 •  | 200 | 201 |
| 5.536% due 01/28/2036 •  | 500 | 508 |
| 5.851% due 04/25/2035 •  | 200 | 208 |
| **JPMorgan Chase & Co.**  |  |  |
| 2.580% due 04/22/2032 •  | 100 | 90 |
| 5.502% due 01/24/2036 •  | 200 | 205 |
| **Morgan Stanley**  |  |  |
| 2.622% (EUR003M + 0.600%) due 05/04/2029 ~  | 200 | 231 |
| 3.955% due 03/21/2035 •  | 100 | 115 |
| 4.654% due 10/18/2030 •  | $300 | 300 |
| 5.587% due 01/18/2036 •  | 200 | 204 |
| **Nissan Motor Acceptance Co. LLC** <br>1.850% due 09/16/2026 | 300 | 295 |
| **Pacific Gas & Electric Co.** <br>4.200% due 03/01/2029 | 100 | 99 |
| **PacifiCorp** <br>5.300% due 02/15/2031 | 100 | 101 |
| **Philip Morris International, Inc.** <br>5.125% due 02/13/2031 | 100 | 102 |
| **Southern California Edison Co.** <br>4.800% due 03/15/2033 | 100 | 98 |
| **Wells Fargo & Co.**  |  |  |
| 4.808% due 07/25/2028 •  | 200 | 201 |
| 5.211% due 12/03/2035 •  | 300 | 299 |
|  |  | 5285 |
| **MUNICIPAL BONDS & NOTES 0.3%**  |  |  |
| **Golden State, California Tobacco Securitization Corp. Revenue Bonds, Series 2021** <br>2.746% due 06/01/2034 | 135 | 120 |
| **Texas Natural Gas Securitization Finance Corp. Revenue Bonds, Series 2023** <br>5.169% due 04/01/2041 | 100 | 101 |
|  |  | 221 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 9.3%**  |  |  |
| **Angel Oak Mortgage Trust** <br>5.985% due 01/25/2069 þ | 336 | 337 |
| **Arbor Multifamily Mortgage Securities Trust** <br>2.756% due 05/15/2053 | 200 | 187 |
| **Banc of America Funding Trust**  |  |  |
| 4.210% due 04/20/2047 •  | 41 | 35 |
| 6.000% due 07/25/2037  | 46 | 39 |
| **BCAP LLC Trust** <br>4.213% due 05/25/2047 •  | 55 | 53 |
| **BWAY Mortgage Trust** <br>5.037% due 09/15/2036 •  | 400 | 394 |
| **Chase Mortgage Finance Trust**  |  |  |
| 4.782% due 03/25/2037 ~  | 22 | 21 |
| 4.904% due 07/25/2037 ~  | 4 | 3 |
| **CHL Mortgage Pass-Through Trust** <br>6.250% due 09/25/2036 | 34 | 11 |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 2.500% due 05/25/2051 ~  | 438 | 365 |
| 4.593% due 04/25/2037 ~  | 24 | 22 |

---

------

<br> Schedule of Investments PIMCO Global Core Bond (Hedged) Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 168 | 211 |
| 4.692% due 08/25/2035 ~  | 249 | 232 |
| **CSMC Trust**  |  |  |
| 2.500% due 07/25/2056 ~  | 66 | 55 |
| 5.637% due 10/15/2037 •  | 200 | 198 |
| **Deutsche Alt-A Securities, Inc. Mortgage Loan Trust** <br>3.943% due 02/25/2047 •  | 131 | 73 |
| **Deutsche Alt-B Securities, Inc. Mortgage Loan Trust** <br>6.445% due 02/25/2036 þ | 34 | 31 |
| **GCAT Trust**  |  |  |
| 3.000% due 04/25/2052 ~  | 310 | 270 |
| 4.250% due 05/25/2067 ~  | 402 | 380 |
| **GreenPoint MTA Trust** <br>4.253% due 06/25/2045 •  | 30 | 24 |
| **GS Mortgage-Backed Securities Trust**  |  |  |
| 2.500% due 12/25/2051 ~  | 72 | 60 |
| 3.000% due 09/25/2052 ~  | 474 | 412 |
| **JP Morgan Alternative Loan Trust** <br>4.513% due 12/25/2036 ~ | 2 | 2 |
| **JP Morgan Mortgage Trust**  |  |  |
| 2.500% due 12/25/2051 ~  | 218 | 182 |
| 3.000% due 01/25/2052 ~  | 491 | 427 |
| 3.000% due 03/25/2052 ~  | 459 | 401 |
| 3.000% due 04/25/2052 ~  | 466 | 405 |
| 3.000% due 05/25/2052 ~  | 696 | 606 |
| **Merrill Lynch Mortgage Investors Trust** <br>4.342% due 03/25/2036 ~ | 82 | 37 |
| **Morgan Stanley Mortgage Loan Trust**  |  |  |
| 3.874% due 05/25/2036 ~  | 58 | 31 |
| 5.022% due 09/25/2035 ~  | 40 | 9 |
| **New Residential Mortgage Loan Trust**  |  |  |
| 2.750% due 07/25/2059 ~  | 76 | 74 |
| 2.750% due 11/25/2059 ~  | 55 | 53 |
| **NYO Commercial Mortgage Trust** <br>4.882% due 11/15/2038 •  | 300 | 300 |
| **OBX Trust** <br>3.000% due 01/25/2052 ~ | 222 | 192 |
| **PHH Alternative Mortgage Trust** <br>6.000% due 05/25/2037 | 17 | 15 |
| **PMT Loan Trust** <br>2.500% due 07/25/2051 ~ | 218 | 182 |
| **RALI Trust** <br>6.000% due 06/25/2036 | 40 | 33 |
| **RFMSI Trust** <br>6.000% due 06/25/2037 | 16 | 13 |
| **Structured Asset Securities Corp.** <br>4.073% due 01/25/2036 •  | 29 | 24 |
| **Towd Point Mortgage Trust**  |  |  |
| 2.710% due 01/25/2060 ~  | 60 | 58 |
| 2.900% due 10/25/2059 ~  | 250 | 241 |
| 4.546% due 10/27/2064 ~  | 374 | 375 |
| **WaMu Mortgage Pass-Through Certificates Trust** <br>4.135% due 09/25/2036 ~ | 13 | 12 |
|  |  | 6874 |
| **U.S. GOVERNMENT AGENCIES 43.4%**  |  |  |
| **Federal Home Loan Mortgage Corp.**  |  |  |
| 2.500% due 01/01/2052 | 312 | 264 |
| 3.000% due 02/01/2046 | 150 | 136 |
| 3.500% due 10/01/2039 - 04/01/2048 | 148 | 138 |
| 6.000% due 12/01/2053 | 278 | 285 |
| 6.225% due 09/01/2037 •  | 69 | 72 |
| 6.500% due 11/01/2053 - 12/01/2053 | 326 | 338 |
| **Federal Home Loan Mortgage Corp. REMICS**  |  |  |
| 2.142% due 01/15/2038 ~(a) | 33 | 2 |
| 4.146% due 01/15/2038 •  | 33 | 33 |
| 4.602% due 11/25/2054 •  | 361 | 363 |
| 4.612% due 03/25/2055 •  | 373 | 377 |
| 5.062% due 03/25/2055 •  | 301 | 304 |
| **Federal National Mortgage Association**  |  |  |
| 2.500% due 02/01/2051 | 62 | 53 |
| 3.000% due 10/01/2049 | 120 | 106 |
| 3.500% due 10/01/2034 - 01/01/2059 | 209 | 193 |
| 4.000% due 06/01/2050 | 45 | 43 |
| 4.500% due 12/01/2033 | 26 | 26 |
| 6.500% due 10/01/2053 - 12/01/2053 | 569 | 589 |
| **Federal National Mortgage Association REMICS**<br>4.176% due 06/25/2036 •  | 2 | 2 |
| **Government National Mortgage Association**  |  |  |
| 3.000% due 04/20/2052 - 12/20/2052 | 1562 | 1397 |
| 3.500% due 03/20/2056 | 200 | 184 |
| **Government National Mortgage Association REMICS**  |  |  |
| 4.563% due 09/20/2066 •  | 62 | 62 |
| 6.920% due 09/20/2066 ~ | 55 | 56 |
| **Government National Mortgage Association, TBA**  |  |  |
| 2.500% due 05/01/2056 | 300 | 258 |

---

------

<br> Schedule of Investments PIMCO Global Core Bond (Hedged) Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 168 | 211 |
| 3.000% due 04/01/2056 | 800 | 714 |
| 3.500% due 04/01/2056 | 3000 | 2752 |
| 6.500% due 05/01/2056 | 3000 | 3109 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 2.500% due 04/01/2056 | 600 | 505 |
| 4.000% due 06/01/2056 | 500 | 471 |
| 4.500% due 05/01/2056 | 3650 | 3519 |
| 5.000% due 04/01/2056 - 05/01/2056 | 13920 | 13729 |
| 5.500% due 05/01/2056 | 780 | 783 |
| 6.500% due 05/01/2056 | 1200 | 1240 |
|  |  | 32103 |
| **U.S. TREASURY OBLIGATIONS 13.0%**  |  |  |
| **U.S. Treasury Bonds**  |  |  |
| 1.625% due 11/15/2050 | 50 | 26 |
| 1.875% due 02/15/2041 (i) | 1700 | 1178 |
| 2.250% due 08/15/2049 | 250 | 155 |
| 2.375% due 11/15/2049 (i) | 525 | 335 |
| 3.000% due 02/15/2048 | 300 | 221 |
| 3.000% due 08/15/2048 | 325 | 239 |
| 3.000% due 02/15/2049 | 250 | 183 |
| 3.375% due 11/15/2048 (i) | 430 | 337 |
| 4.125% due 08/15/2044 (i) | 750 | 681 |
| 4.500% due 11/15/2054 (i) | 2300 | 2149 |
| 4.625% due 02/15/2055 (i) | 1200 | 1145 |
| 4.875% due 08/15/2045 | 38 | 38 |
| **U.S. Treasury Inflation Protected Securities (f)** |  |  |
| 0.500% due 01/15/2028 (i) | 1978 | 1963 |
| 1.125% due 01/15/2033 (i) | 600 | 578 |
| **U.S. Treasury Notes**  |  |  |
| 3.500% due 02/15/2033  | 100 | 96 |
| 4.000% due 02/15/2034  | 100 | 99 |
| 4.125% due 02/15/2036 | 100 | 98 |
| 4.250% due 08/15/2035  | 100 | 100 |
|  |  | 9621 |
| Total United States (Cost $58,775) |  | 56606 |
| **SHORT-TERM INSTRUMENTS 2.3%**  |  |  |
| **COMMERCIAL PAPER 0.3%**  |  |  |
| **Elevance Health, Inc.** <br>4.050% due 04/13/2026 | $150 | 150 |
| **Harley-Davidson Financial Services, Inc.** <br>4.170% due 04/16/2026 | 100 | 100 |
|  |  | 250 |
| **REPURCHASE AGREEMENTS (h) 0.7%** |  | 493 |
| **EGYPT TREASURY BILLS 0.0%**  |  |  |
| 24.060% due 10/20/2026 (d)(e) | 50 | 1 |
| **NIGERIA TREASURY BILLS 0.3%**  |  |  |
| 31.947% due 06/11/2026 - 06/29/2026 (c)(d) | 340760 | 236 |
| **SOUTH AFRICA TREASURY BILLS 0.9%**  |  |  |
| 7.387% due 04/22/2026 - 08/05/2026 (c)(d) | 10960 | 638 |
| **TURKEY TREASURY BILLS 0.1%**  |  |  |
| 38.675% due 04/07/2026 (c)(d) | 4000 | 89 |
| Total Short-Term Instruments (Cost $1,676) |  | 1707 |
| Total Investments in Securities (Cost $110,607) |  | 106493 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 0.1%**  |  |  |
| **SHORT-TERM INSTRUMENTS 0.1%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 0.1%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 7542 | 73 |

---

------

<br> Schedule of Investments PIMCO Global Core Bond (Hedged) Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | |
|:---|:---|
| 0 | 211 |
| Total Short-Term Instruments (Cost $73) | 73 |
| Total Investments in Affiliates (Cost $73) | 73 |
| Total Investments 144.2% (Cost $110,680) | $106566 |
| **Financial Derivative Instruments (j)(k) 1.0**%(Cost or Premiums, net $(368)) | 758 |
| Other Assets and Liabilities, net (45.2)% | (33426) |
| Net Assets 100.0% | $73898 |

---

------

<br> Schedule of Investments PIMCO Global Core Bond (Hedged) Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 24 | 49 | 103 | 127 | 128 | 157 | 160 | 168 | 187 | 201 | 211 | 225 | 231 |
| **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)** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** |
| **(b)** | **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.** |
| **(c)** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** |
| **(d)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(e)** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** |
| **(f)** | **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.** |
| **(g)** | **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 | Acquisition<br>Date | Acquisition<br>Date | Acquisition<br>Date | Cost | Cost | Cost |  | Market<br>Value | Market<br>Value | Market Value<br>as Percentage<br>of Net Assets | Market Value<br>as Percentage<br>of Net Assets |
| Drillco Holdings Luxembourg SA | Drillco Holdings Luxembourg SA | Drillco Holdings Luxembourg SA | 06/08/2023 | 06/08/2023 | 06/08/2023 | 128 | 128 | 128 | $ | 148 | 148 | 0.20 | % |
| **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** |
| **(h)** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** |
| Counterparty | Maturity<br>Date | Principal<br>Amount | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | Collateral<br>(Received) | Collateral<br>(Received) | Repurchase<br>Agreements,<br>at Value | Repurchase<br>Agreements,<br>at Value | Repurchase<br>Agreement<br>Proceeds<br>to be<br>Received<sup>(1)</sup> | Repurchase<br>Agreement<br>Proceeds<br>to be<br>Received<sup>(1)</sup> |
| BRC | TBD<sup>(2)</sup> | 170 | &nbsp;&nbsp; French Republic Government Bonds OAT 3.000% due 06/25/2049 | &nbsp;&nbsp; French Republic Government Bonds OAT 3.000% due 06/25/2049 | &nbsp;&nbsp; French Republic Government Bonds OAT 3.000% due 06/25/2049 | &nbsp;&nbsp; French Republic Government Bonds OAT 3.000% due 06/25/2049 | &nbsp;&nbsp; French Republic Government Bonds OAT 3.000% due 06/25/2049 | (192) | (192) | 197 | 197 | $200 | 200 |
| MYI | TBD<sup>(2)</sup> | 256 | &nbsp;&nbsp; French Republic Government Bonds OAT 3.000% due 06/25/2049 | &nbsp;&nbsp; French Republic Government Bonds OAT 3.000% due 06/25/2049 | &nbsp;&nbsp; French Republic Government Bonds OAT 3.000% due 06/25/2049 | &nbsp;&nbsp; French Republic Government Bonds OAT 3.000% due 06/25/2049 | &nbsp;&nbsp; French Republic Government Bonds OAT 3.000% due 06/25/2049 | (287) | (287) | 296 | 296 | 300 | 300 |
| **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** |  |  |  |  |  | **(479)** | **(479)** | **493** | **493** | $**500** | **500** |
| **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 | Borrowing Rate<sup>(3)</sup> | Settlement Date | Maturity Date | Maturity Date | Maturity Date |  | Amount<br>Borrowed<sup>(3)</sup> | Amount<br>Borrowed<sup>(3)</sup> | Amount<br>Borrowed<sup>(3)</sup> | Payable for<br>Reverse<br>Repurchase<br>Agreements | Payable for<br>Reverse<br>Repurchase<br>Agreements | Payable for<br>Reverse<br>Repurchase<br>Agreements |
| BSN | BSN | 3.770%  | 03/06/2026 | 04/06/2026 | 04/06/2026 | 04/06/2026 | $ | (6395) | (6395) | (6395) | (6412) | (6412) | (6412) |
| JPS | JPS | 3.760  | 03/13/2026 | 04/17/2026 | 04/17/2026 | 04/17/2026 |  | (1569) | (1569) | (1569) | (1572) | (1572) | (1572) |
| **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** |  |  |  |  |  |  |  |  |  | **(7984)** | **(7984)** | **(7984)** |
| **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 | Coupon | Maturity<br>Date | Principal<br>Amount | Principal<br>Amount | Principal<br>Amount | Proceeds | Proceeds | Proceeds | Payable for<br>Short Sales | Payable for<br>Short Sales |
| France (0.6)% | France (0.6)% | France (0.6)% | France (0.6)% | France (0.6)% | France (0.6)% | France (0.6)% | France (0.6)% | France (0.6)% | France (0.6)% | France (0.6)% | France (0.6)% | France (0.6)% | France (0.6)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sovereign Issues (0.6)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sovereign Issues (0.6)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sovereign Issues (0.6)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sovereign Issues (0.6)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sovereign Issues (0.6)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sovereign Issues (0.6)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sovereign Issues (0.6)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sovereign Issues (0.6)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sovereign Issues (0.6)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sovereign Issues (0.6)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sovereign Issues (0.6)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sovereign Issues (0.6)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sovereign Issues (0.6)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sovereign Issues (0.6)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; French Republic Government Bonds OAT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; French Republic Government Bonds OAT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; French Republic Government Bonds OAT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; French Republic Government Bonds OAT  | 3.000% | 06/01/2049 | EUR | 500 | 500 | $ | (499) | (499) | $(481) | (481) |
|  | Total France | Total France | Total France | Total France |  |  |  |  |  | (499) | (499) | (481) | (481) |
| United States (13.4)% | United States (13.4)% | United States (13.4)% | United States (13.4)% | United States (13.4)% | United States (13.4)% | United States (13.4)% | United States (13.4)% | United States (13.4)% | United States (13.4)% | United States (13.4)% | United States (13.4)% | United States (13.4)% | United States (13.4)% |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (13.4)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (13.4)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (13.4)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (13.4)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (13.4)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (13.4)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (13.4)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (13.4)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (13.4)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (13.4)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (13.4)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (13.4)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (13.4)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (13.4)% |
| &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  | 2.000% | 04/01/2041 | $ | $1900 | 1900 |  | (1763) | (1763) | (1748) | (1748) |
| &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  | 2.000 | 05/01/2056 |  | 5500 | 5500 |  | (4406) | (4406) | (4429) | (4429) |
| &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  | 3.000 | 06/01/2040 |  | 300 | 300 |  | (263) | (263) | (263) | (263) |
| &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  | 3.500 | 06/01/2056 |  | 500 | 500 |  | (456) | (456) | (458) | (458) |
| &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  | 6.000 | 06/01/2056 |  | 1500 | 1500 |  | (1521) | (1521) | (1527) | (1527) |
| &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  | 6.500 | 05/01/2056 |  | 1400 | 1400 |  | (1447) | (1447) | (1447) | (1447) |
|  | Total United States | Total United States | Total United States | Total United States |  |  |  |  |  | (9856) | (9856) | (9872) | (9872) |
| **Total Short Sales (14.0)%** | **Total Short Sales (14.0)%** | **Total Short Sales (14.0)%** | **Total Short Sales (14.0)%** |  |  |  |  |  | **$** | **(10355)** | **(10355)** | $**(10353)** | **(10353)** |

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------

<br> Schedule of Investments PIMCO Global Core Bond (Hedged) Portfolio (Cont.) March 31, 2026 (Unaudited)

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

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| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 3 | 21 | 34 | 40 | 66 | 81 | 101 | 105 | 156 | 173 | 189 | 197 | 209 | 225 |
| **(i)** | **Securities with an aggregate market value of $7,788 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $7,788 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $7,788 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $7,788 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $7,788 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $7,788 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $7,788 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $7,788 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $7,788 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $7,788 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $7,788 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $7,788 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $7,788 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $7,788 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** |
| <sup>(1)</sup> | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. |
| <sup>(2)</sup> | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. |
| <sup>(3)</sup> | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(7484) at a weighted average interest rate of 3.771%. 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 $(7484) at a weighted average interest rate of 3.771%. 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 $(7484) at a weighted average interest rate of 3.771%. 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 $(7484) at a weighted average interest rate of 3.771%. 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 $(7484) at a weighted average interest rate of 3.771%. 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 $(7484) at a weighted average interest rate of 3.771%. 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 $(7484) at a weighted average interest rate of 3.771%. 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 $(7484) at a weighted average interest rate of 3.771%. 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 $(7484) at a weighted average interest rate of 3.771%. 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 $(7484) at a weighted average interest rate of 3.771%. 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 $(7484) at a weighted average interest rate of 3.771%. 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 $(7484) at a weighted average interest rate of 3.771%. 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 $(7484) at a weighted average interest rate of 3.771%. 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 $(7484) at a weighted average interest rate of 3.771%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. |
| **(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** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** |
| Description | Description | Description | Description | Description | Description | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Notional Amount | Notional Amount | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value |
| Put - CBOE U.S. Treasury 10-Year Note May Futures  | Put - CBOE U.S. Treasury 10-Year Note May Futures  | Put - CBOE U.S. Treasury 10-Year Note May Futures  | Put - CBOE U.S. Treasury 10-Year Note May Futures  | Put - CBOE U.S. Treasury 10-Year Note May Futures  | Put - CBOE U.S. Treasury 10-Year Note May Futures  | $110.000 | 110.000 | 04/24/2026 | $1 | 1 | 0 | 0 | $ | 0 |
| Call - CBOE U.S. Treasury 10-Year Note May Futures  | Call - CBOE U.S. Treasury 10-Year Note May Futures  | Call - CBOE U.S. Treasury 10-Year Note May Futures  | Call - CBOE U.S. Treasury 10-Year Note May Futures  | Call - CBOE U.S. Treasury 10-Year Note May Futures  | Call - CBOE U.S. Treasury 10-Year Note May Futures  | 113.000 | 113.000 | 04/24/2026 | 1 | 1 | 0 | 0 |  | 0 |
| Put - EUREX Euro-Bund 10-Year Bond April Futures  | Put - EUREX Euro-Bund 10-Year Bond April Futures  | Put - EUREX Euro-Bund 10-Year Bond April Futures  | Put - EUREX Euro-Bund 10-Year Bond April Futures  | Put - EUREX Euro-Bund 10-Year Bond April Futures  | Put - EUREX Euro-Bund 10-Year Bond April Futures  | 125.500 | 125.500 | 04/24/2026 | 1 | 1 | (1) | (1) |  | (1) |
| Call - EUREX Euro-Bund 10-Year Bond April Futures  | Call - EUREX Euro-Bund 10-Year Bond April Futures  | Call - EUREX Euro-Bund 10-Year Bond April Futures  | Call - EUREX Euro-Bund 10-Year Bond April Futures  | Call - EUREX Euro-Bund 10-Year Bond April Futures  | Call - EUREX Euro-Bund 10-Year Bond April Futures  | 128.000 | 128.000 | 04/24/2026 | 1 | 1 | 0 | 0 |  | 0 |
| **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** | **$** | **(1)** | **(1)** | **$** | **(1)** |
| **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><sup>(1)</sup> | <u>Variation Margin</u><sup>(1)</sup> | <u>Variation Margin</u><sup>(1)</sup> | <u>Variation Margin</u><sup>(1)</sup> |
| Description | Description | Description |  | 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 | Asset | Liability |
| 3-Month EURIBOR December Futures  | 3-Month EURIBOR December Futures  | 3-Month EURIBOR December Futures  | 3-Month EURIBOR December Futures  | 12/2026 | 100 | 100 | 28081 | 28081 | (99) | (99) | 0 | 0 | 0 | 0 |
| Australia Government 3-Year Bond June Futures  | Australia Government 3-Year Bond June Futures  | Australia Government 3-Year Bond June Futures  | Australia Government 3-Year Bond June Futures  | 06/2026 | 4 | 4 | 286 | 286 | (1) | (1) | 1 | 1 | 1 | 0 |
| Canada Government 10-Year Bond June Futures  | Canada Government 10-Year Bond June Futures  | Canada Government 10-Year Bond June Futures  | Canada Government 10-Year Bond June Futures  | 06/2026 | 16 | 16 | 1380 | 1380 | (28) | (28) | 6 | 6 | 6 | 0 |
| Euro-BTP Future June Futures  | Euro-BTP Future June Futures  | Euro-BTP Future June Futures  | Euro-BTP Future June Futures  | 06/2026 | 34 | 34 | 4570 | 4570 | (176) | (176) | 55 | 55 | 55 | 0 |
| Long Guilt June Futures  | Long Guilt June Futures  | Long Guilt June Futures  | Long Guilt June Futures  | 06/2026 | 12 | 12 | 1394 | 1394 | (64) | (64) | 10 | 10 | 10 | 0 |
| 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 | 65 | 65 | 7032 | 7032 | (89) | (89) | 9 | 9 | 9 | 0 |
| 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 | 17 | 17 | 1888 | 1888 | (39) | (39) | 4 | 4 | 4 | 0 |
| 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 | 54 | 54 | 6130 | 6130 | (99) | (99) | 15 | 15 | 15 | 0 |
|  |  |  |  |  |  |  |  |  | (595) | $ | 100 | 100 | $ | 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** |
|  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u><sup>(1)</sup> | <u>Variation Margin</u><sup>(1)</sup> | <u>Variation Margin</u><sup>(1)</sup> | <u>Variation Margin</u><sup>(1)</sup> |
| Description | Description | Description |  | 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 | Asset | Liability |
| Australia Government 10-Year Bond June Futures  | Australia Government 10-Year Bond June Futures  | Australia Government 10-Year Bond June Futures  | Australia Government 10-Year Bond June Futures  | 06/2026 | 40 | 40 | (2974) | (2974) | 17 | 17 | 0 | 0 | 0 | (28) |
| Euro-Bobl June Futures  | Euro-Bobl June Futures  | Euro-Bobl June Futures  | Euro-Bobl June Futures  | 06/2026 | 23 | 23 | (3069) | (3069) | 48 | 48 | 0 | 0 | 0 | (12) |
| Euro-Bund June Futures  | Euro-Bund June Futures  | Euro-Bund June Futures  | Euro-Bund June Futures  | 06/2026 | 8 | 8 | (1159) | (1159) | 20 | 20 | 0 | 0 | 0 | (9) |
| 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 | 1 | 1 | (127) | (127) | 1 | 1 | 0 | 0 | 0 | (2) |
| Euro-Oat June Futures  | Euro-Oat June Futures  | Euro-Oat June Futures  | Euro-Oat June Futures  | 06/2026 | 30 | 30 | (4116) | (4116) | 131 | 131 | 0 | 0 | 0 | (38) |
| Euro-Schatz June Futures  | Euro-Schatz June Futures  | Euro-Schatz June Futures  | Euro-Schatz June Futures  | 06/2026 | 53 | 53 | (6478) | (6478) | 59 | 59 | 0 | 0 | 0 | (9) |
| 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 | 11 | 11 | (9032) | (9032) | 111 | 111 | 2 | 2 | 2 | (20) |
| 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 | 5 | 5 | (1037) | (1037) | 8 | 8 | 0 | 0 | 0 | 0 |
| U.S. Treasury Ultra Long-Term Bond June Futures  | U.S. Treasury Ultra Long-Term Bond June Futures  | U.S. Treasury Ultra Long-Term Bond June Futures  | U.S. Treasury Ultra Long-Term Bond June Futures  | 06/2026 | 6 | 6 | (699) | (699) | 23 | 23 | 0 | 0 | 0 | (1) |
|  |  |  |  |  |  |  |  |  | 418 | $ | 2 | 2 | $ | (119) |
| **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** | **(177)** | **$** | **102** | **102** | **$** | **(119)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Index/Tranches | Index/Tranches | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount<sup>(3)</sup> | Notional<br>Amount<sup>(3)</sup> | Premiums<br>Paid/<br>(Received) | 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 |
| CDX.IG-45 10-Year Index  | CDX.IG-45 10-Year Index  | Quarterly | 12/20/2035 | 12/20/2035 | $603 | 603 | $(5) | (5) | 4 | (1) | (1) | $0 | 0 | $(2) |
| CDX.IG-46 10-Year Index  | CDX.IG-46 10-Year Index  | Quarterly | 06/20/2036 | 06/20/2036 | 1400 | 1400 | 2 | 2 | (2) | 0 | 0 | 0 | 0 | (5) |
| CDX.IT-RAXX MAIN45  | CDX.IT-RAXX MAIN45  | Quarterly | 06/20/2031 | 06/20/2031 | 3300 | 3300 | (50) | (50) | (4) | (54) | (54) | 0 | 0 | (5) |
|  |  |  |  |  |  |  | $(53) | (53) | (2) | (55) | (55) | $0 | 0 | $(12) |

---

------

<br> Schedule of Investments PIMCO Global Core Bond (Hedged) Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 4 | 17 | 25 | 37 | 67 | 102 | 136 | 164 | 189 | 198 | 226 |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Fixed Rate | Payment<br>Frequency | Maturity<br>Date | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Market<br>Value | Asset | Liability |
| Pay | 1-Day GBP-SONIO Compounded-OIS | 3.000% | Annual | 06/17/2027 | 2600 | $(6) | $(72) | $(78) | (78) | $3 | $0 |
| Receive | 1-Day GBP-SONIO Compounded-OIS | 3.500 | Annual | 03/18/2028 | 1800 | 20 | 15 | 35 | 35 | 0 | (4) |
| Pay<sup>(5)</sup> | 1-Day GBP-SONIO Compounded-OIS | 3.500 | Annual | 09/16/2028 | 2560 | (27) | (24) | (51) | (51) | 6 | 0 |
| Pay<sup>(5)</sup> | 1-Day GBP-SONIO Compounded-OIS | 3.500 | Annual | 09/16/2031 | 900 | (26) | (13) | (39) | (39) | 3 | 0 |
| Pay<sup>(5)</sup> | 1-Day GBP-SONIO Compounded-OIS | 4.000 | Annual | 09/16/2036 | 500 | (31) | 5 | (26) | (26) | 2 | 0 |
| Receive | 1-Day GBP-SONIO Compounded-OIS | 4.500 | Annual | 03/18/2056 | 180 | 1 | 11 | 12 | 12 | 0 | (1) |
| Receive<sup>(5)</sup> | 1-Day GBP-SONIO Compounded-OIS | 4.500 | Annual | 09/16/2056 | 310 | 15 | 6 | 21 | 21 | 0 | (1) |
| Receive | 1-Day INR-MIBOR Compounded-OIS | 5.750 | Semi-Annual | 03/18/2031 | 13110 | 0 | 5 | 5 | 5 | 0 | 0 |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 0.750 | Annual | 03/19/2027 | 130000 | (2) | (1) | (3) | (3) | 0 | 0 |
| Receive<sup>(5)</sup> | 1-Day JPY-MUTKCALM Compounded-OIS | 1.500 | Annual | 09/16/2028 | 1530000 | 11 | 4 | 15 | 15 | 0 | (7) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 0.750 | Annual | 03/19/2030 | 270000 | (52) | (7) | (59) | (59) | 3 | 0 |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1.250 | Annual | 12/17/2030 | 100000 | (10) | (3) | (13) | (13) | 1 | 0 |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 0.000 | Semi-Annual | 03/17/2031 | 180000 | (91) | (7) | (98) | (98) | 2 | 0 |
| Receive<sup>(5)</sup> | 1-Day JPY-MUTKCALM Compounded-OIS | 1.750 | Annual | 09/16/2031 | 420000 | 11 | 5 | 16 | 16 | 0 | (6) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 0.050 | Annual | 12/15/2031 | 136880 | (77) | (7) | (84) | (84) | 2 | 0 |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | Annual | 03/19/2032 | 280000 | (72) | (11) | (83) | (83) | 4 | 0 |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | Annual | 09/18/2034 | 450000 | (205) | (18) | (223) | (223) | 9 | 0 |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | Annual | 03/19/2035 | 180000 | (90) | (10) | (100) | (100) | 4 | 0 |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1.250 | Annual | 09/17/2035 | 341000 | (141) | (12) | (153) | (153) | 7 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 0.400 | Semi-Annual | 06/19/2039 | 120000 | 170 | 9 | 179 | 179 | 0 | (2) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | Annual | 06/19/2044 | 150000 | (223) | (11) | (234) | (234) | 2 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 1.500 | Annual | 09/18/2054 | 40000 | 70 | 4 | 74 | 74 | 0 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 1.500 | Annual | 12/18/2054 | 10000 | 18 | 1 | 19 | 19 | 0 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 2.250 | Annual | 09/17/2055 | 20000 | 17 | 2 | 19 | 19 | 0 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 2.500 | Annual | 12/17/2055 | 20000 | 11 | 2 | 13 | 13 | 0 | 0 |
| Receive<sup>(5)</sup> | 1-Day SGD-SIBCSORA Compounded-OIS | 1.750 | Semi-Annual | 09/16/2031 | 4227 | 0 | 62 | 62 | 62 | 0 | (17) |
| Receive<sup>(5)</sup> | 1-Day SGD-SIBCSORA Compounded-OIS | 2.000 | Semi-Annual | 09/16/2031 | 2000 | (5) | 16 | 11 | 11 | 0 | (8) |
| Receive<sup>(5)</sup> | 1-Day THB-THOR Compounded-OIS | 1.250 | Quarterly | 09/16/2031 | 13267 | 2 | 9 | 11 | 11 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.020 | Annual | 05/15/2026 | $700 | 0 | 0 | 0 | 0 | 0 | 0 |

---

------

<br> Schedule of Investments PIMCO Global Core Bond (Hedged) Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 4 | 17 | 25 | 37 | 67 | 102 | 136 | 164 | 198 | 226 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.905 | Annual | 08/15/2026 | 900 | 0 | 0 | 0 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.965 | Annual | 11/30/2026 | 5300 | 2 | 39 | 41 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.000 | Annual | 12/15/2026 | 1100 | 4 | 26 | 30 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2026 | 7700 | 50 | (48) | 2 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.000 | Annual | 03/19/2027 | 5840 | 116 | (76) | 40 | 0 | (1) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.460 | Annual | 06/30/2027 | 1000 | 0 | (6) | (6) | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 09/17/2027 | 7700 | 46 | (45) | 1 | 3 | 0 |
| Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.325 | Annual | 03/15/2028 | 3290 | (8) | 23 | 15 | 0 | (2) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 03/18/2028 | 590 | 2 | (3) | (1) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.662 | Annual | 05/31/2028 | 100 | 0 | 0 | 0 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.691 | Annual | 05/31/2028 | 100 | 0 | 0 | 0 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.694 | Annual | 05/31/2028 | 100 | 0 | 0 | 0 | 0 | 0 |
| Pay<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.000 | Annual | 06/17/2028 | 2800 | (36) | 4 | (32) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.851 | Annual | 02/28/2029 | 800 | 0 | (6) | (6) | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.862 | Annual | 02/28/2029 | 900 | 0 | (7) | (7) | 0 | (1) |
| Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.325 | Annual | 08/31/2030 | 5622 | 18 | 38 | 56 | 0 | (6) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2030 | 400 | 6 | (4) | 2 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 03/18/2031 | 3120 | 5 | 12 | 17 | 0 | (3) |
| Pay<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/17/2031 | 1000 | (19) | 2 | (17) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.836 | Annual | 05/15/2034 | 400 | 0 | (1) | (1) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.847 | Annual | 05/15/2034 | 200 | 0 | (1) | (1) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.860 | Annual | 05/15/2034 | 300 | 0 | (1) | (1) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.080 | Annual | 06/05/2034 | 400 | (2) | (6) | (8) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.532 | Annual | 08/20/2034 | 300 | (1) | 7 | 6 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.558 | Annual | 08/21/2034 | 300 | (1) | 7 | 6 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.599 | Annual | 08/28/2034 | 300 | (1) | 6 | 5 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.643 | Annual | 08/28/2034 | 300 | (1) | 5 | 4 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2034 | 200 | 2 | (1) | 1 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 03/19/2035 | 2260 | 143 | (45) | 98 | 0 | (2) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.975 | Annual | 03/21/2035 | 100 | 0 | (1) | (1) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.930 | Annual | 03/24/2035 | 200 | (1) | (1) | (2) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.884 | Annual | 03/25/2035 | 200 | (1) | 0 | (1) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/18/2035 | 400 | 18 | 3 | 21 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.640 | Annual | 08/15/2035 | 500 | 1 | 7 | 8 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.700 | Annual | 08/15/2035 | 500 | 0 | 5 | 5 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.715 | Annual | 08/15/2035 | 751 | 2 | 5 | 7 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 09/17/2035 | 1000 | (20) | 28 | 8 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2035 | 4520 | (30) | 68 | 38 | 0 | (4) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.755 | Annual | 02/15/2036 | 100 | 0 | 1 | 1 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.000 | Annual | 03/18/2036 | 390 | (4) | 0 | (4) | 0 | 0 |
| Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 06/17/2036 | 1440 | 2 | 13 | 15 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.700 | Annual | 02/20/2049 | 100 | 1 | 6 | 7 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.224 | Annual | 11/15/2052 | 100 | 0 | (1) | (1) | 0 | 0 |

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<br> Schedule of Investments PIMCO Global Core Bond (Hedged) Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 4 | 17 | 25 | 37 | 60 | 67 | 102 | 136 | 164 | 198 | 226 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.225 | Annual | 11/15/2052 |  | 100 | 0 | (1) | (1) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.227 | Annual | 11/15/2052 |  | 100 | 0 | (1) | (1) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.233 | Annual | 11/15/2052 |  | 100 | 0 | (1) | (1) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.238 | Annual | 11/15/2052 |  | 100 | 0 | (1) | (1) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.245 | Annual | 11/15/2052 |  | 100 | 0 | (1) | (1) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.248 | Annual | 11/15/2052 |  | 100 | 0 | (1) | (1) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.955 | Annual | 11/15/2054 |  | 100 | 0 | 3 | 3 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.959 | Annual | 11/15/2054 |  | 200 | 0 | 6 | 6 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.964 | Annual | 11/15/2054 |  | 100 | 0 | 3 | 3 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.998 | Annual | 11/15/2054 |  | 200 | 0 | 5 | 5 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.130 | Annual | 11/15/2054 |  | 100 | 0 | 0 | 0 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.765 | Annual | 02/15/2055 |  | 100 | 0 | 6 | 6 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.804 | Annual | 02/15/2055 |  | 200 | 0 | 11 | 11 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.806 | Annual | 02/15/2055 |  | 100 | 0 | 6 | 6 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.861 | Annual | 02/15/2055 |  | 100 | 0 | 5 | 5 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.866 | Annual | 02/15/2055 |  | 200 | 0 | 9 | 9 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 03/19/2055 |  | 290 | 36 | 8 | 44 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.930 | Annual | 06/25/2055 |  | 148 | 1 | 4 | 5 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.065 | Annual | 06/26/2055 |  | 142 | (3) | 5 | 2 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.960 | Annual | 06/27/2055 |  | 180 | 0 | 6 | 6 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 09/17/2055 |  | 200 | 19 | 3 | 22 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.005 | Annual | 09/29/2055 |  | 84 | (1) | 3 | 2 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2055 |  | 500 | (27) | (6) | (33) | 0 | (2) |
| Pay | 3-Month CHF-SRFXON3 Compounded-OIS | 0.294 | Annual | 02/10/2027 | CHF | 300 | (1) | 2 | 1 | 0 | 0 |
| Pay | 3-Month CHF-SRFXON3 Compounded-OIS | 0.283 | Annual | 02/14/2027 |  | 300 | 0 | 1 | 1 | 0 | 0 |
| Pay | 3-Month CHF-SRFXON3 Compounded-OIS | 0.250 | Annual | 03/18/2031 |  | 400 | (2) | 0 | (2) | 2 | 0 |
| Pay<sup>(5)</sup> | 3-Month CHF-SRFXON3 Compounded-OIS | 0.250 | Annual | 09/16/2031 |  | 300 | (3) | 1 | (2) | 1 | 0 |
| Pay | 3-Month KRW-KORIBOR | 2.750 | Quarterly | 03/18/2036 | KRW | 958460 | 7 | (63) | (56) | 0 | 0 |
| Receive<sup>(5)</sup> | 3-Month PLN-WIBOR | 4.723 | Annual | 12/01/2035 | PLN | 800 | 0 | 3 | 3 | 1 | 0 |
| Pay | 3-Month SEK-STIBOR | 2.474 | Annual | 02/03/2030 | SEK | 2100 | 0 | (2) | (2) | 1 | 0 |
| Pay | 3-Month SEK-STIBOR | 2.500 | Annual | 03/18/2031 |  | 6500 | (4) | (7) | (11) | 4 | 0 |
| Pay<sup>(5)</sup> | 3-Month SEK-STIBOR | 2.750 | Annual | 09/16/2031 |  | 3400 | 1 | (4) | (3) | 2 | 0 |
| Pay | 6-Month AUD-BBR-BBSW | 1.750 | Semi-Annual | 03/16/2027 | AUD | 500 | (2) | (8) | (10) | 0 | 0 |
| Pay | 6-Month AUD-BBR-BBSW | 3.500 | Semi-Annual | 03/18/2031 |  | 10000 | (92) | (336) | (428) | 57 | 0 |
| Receive | 6-Month AUD-BBR-BBSW | 3.750 | Semi-Annual | 03/18/2031 |  | 3100 | 87 | 22 | 109 | 0 | (18) |
| Pay | 6-Month AUD-BBR-BBSW | 4.250 | Semi-Annual | 03/19/2035 |  | 600 | 0 | (24) | (24) | 5 | 0 |
| Pay | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | 06/18/2035 |  | 200 | 1 | (6) | (5) | 2 | 0 |
| Pay | 6-Month AUD-BBR-BBSW | 4.250 | Semi-Annual | 09/17/2035 |  | 600 | 4 | (29) | (25) | 5 | 0 |
| Pay | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | 09/17/2035 |  | 500 | 8 | (22) | (14) | 5 | 0 |
| Pay | 6-Month CZK-PRIBOR | 1.913 | Annual | 01/30/2029 | CZK | 1600 | 6 | (11) | (5) | 0 | 0 |
| Pay<sup>(5)</sup> | 6-Month CZK-PRIBOR | 4.523 | Annual | 12/01/2035 |  | 4400 | 0 | (1) | (1) | 0 | 0 |

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<br> Schedule of Investments PIMCO Global Core Bond (Hedged) Portfolio (Cont.) March 31, 2026 (Unaudited)

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| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 3 | 4 | 14 | 17 | 25 | 36 | 54 | 91 | 101 | 108 | 135 | 149 | 163 | 164 | 197 | 198 | 212 | 225 | 226 |
| Pay | Pay | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 3.000 | Annual | Annual | 03/19/2027 | 1080 |  | 13 |  | (9) |  | 4 |  | 0 | 0 |  | 0 |
| Pay<sup>(5)</sup> | Pay<sup>(5)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.250 | Annual | Annual | 09/16/2028 | 13200 |  | (58) |  | (139) |  | (197) |  | 26 | 26 |  | 0 |
| Pay<sup>(5)</sup> | Pay<sup>(5)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.170 | Annual | Annual | 12/15/2028 | 3200 |  | 2 |  | (17) |  | (15) |  | 3 | 3 |  | 0 |
| Receive<sup>(5)</sup> | Receive<sup>(5)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.350 | Annual | Annual | 12/15/2028 | 3200 |  | (2) |  | 17 |  | 15 |  | 0 | 0 |  | (4) |
| Pay | Pay | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 1.795 | Annual | Annual | 10/11/2029 | 100 |  | 0 |  | (3) |  | (3) |  | 0 | 0 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 1.923 | Annual | Annual | 10/11/2029 | 900 |  | 0 |  | (23) |  | (23) |  | 3 | 3 |  | 0 |
| Pay<sup>(5)</sup> | Pay<sup>(5)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.500 | Annual | Annual | 09/16/2031 | 2500 |  | 3 |  | (62) |  | (59) |  | 13 | 13 |  | 0 |
| Pay<sup>(5)</sup> | Pay<sup>(5)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.750 | Annual | Annual | 09/16/2036 | 4980 |  | (56) |  | (125) |  | (181) |  | 41 | 41 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 0.451 | Annual | Annual | 05/27/2050 | 150 |  | (11) |  | (70) |  | (81) |  | 1 | 1 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 0.064 | Annual | Annual | 11/17/2052 | 100 |  | 0 |  | 65 |  | 65 |  | 0 | 0 |  | (1) |
| Receive<sup>(5)</sup> | Receive<sup>(5)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.825 | Annual | Annual | 09/19/2055 | 2200 |  | 31 |  | (40) |  | (9) |  | 0 | 0 |  | (1) |
| Receive<sup>(5)</sup> | Receive<sup>(5)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 3.000 | Annual | Annual | 09/16/2056 | 200 |  | 4 |  | 1 |  | 5 |  | 0 | 0 |  | (2) |
| Pay | Pay | 6-Month NOK-NIBOR | 6-Month NOK-NIBOR | 3.750 | Annual | Annual | 03/18/2031 | 2800 |  | (8) |  | (3) |  | (11) |  | 1 | 1 |  | 0 |
| Pay<sup>(5)</sup> | Pay<sup>(5)</sup> | 6-Month NOK-NIBOR | 6-Month NOK-NIBOR | 4.500 | Annual | Annual | 09/16/2031 | 400 |  | 0 |  | 0 |  | 0 |  | 0 | 0 |  | 0 |
| Pay | Pay | CAONREPO | CAONREPO | 3.925 | Annual | Annual | 06/19/2026 | 200 |  | 0 |  | 2 |  | 2 |  | 0 | 0 |  | 0 |
| Pay | Pay | CAONREPO | CAONREPO | 1.500 | Semi-Annual | Semi-Annual | 06/17/2030 | 1000 |  | (86) |  | 46 |  | (40) |  | 1 | 1 |  | 0 |
| Receive | Receive | CAONREPO | CAONREPO | 3.250 | Semi-Annual | Semi-Annual | 03/15/2033 | 400 |  | 6 |  | (10) |  | (4) |  | 0 | 0 |  | (1) |
| Receive | Receive | CAONREPO | CAONREPO | 2.850 | Semi-Annual | Semi-Annual | 06/01/2033 | 100 |  | 1 |  | 0 |  | 1 |  | 0 | 0 |  | 0 |
| Receive | Receive | CAONREPO | CAONREPO | 3.000 | Semi-Annual | Semi-Annual | 06/01/2033 | 100 |  | 0 |  | 0 |  | 0 |  | 0 | 0 |  | 0 |
| Receive | Receive | CAONREPO | CAONREPO | 3.180 | Semi-Annual | Semi-Annual | 06/01/2033 | 800 |  | (1) |  | (6) |  | (7) |  | 0 | 0 |  | (2) |
| Receive | Receive | CAONREPO | CAONREPO | 3.300 | Semi-Annual | Semi-Annual | 06/01/2033 | 100 |  | 1 |  | (2) |  | (1) |  | 0 | 0 |  | 0 |
| Receive | Receive | CAONREPO | CAONREPO | 3.400 | Semi-Annual | Semi-Annual | 06/01/2033 | 400 |  | 0 |  | (8) |  | (8) |  | 0 | 0 |  | (1) |
| Receive | Receive | CAONREPO | CAONREPO | 2.880 | Semi-Annual | Semi-Annual | 09/01/2033 | 100 |  | 0 |  | 1 |  | 1 |  | 0 | 0 |  | 0 |
| Receive | Receive | CAONREPO | CAONREPO | 3.500 | Semi-Annual | Semi-Annual | 09/01/2033 | 200 |  | 2 |  | (6) |  | (4) |  | 0 | 0 |  | 0 |
| Receive | Receive | CAONREPO | CAONREPO | 3.000 | Semi-Annual | Semi-Annual | 06/01/2034 | 300 |  | 0 |  | 1 |  | 1 |  | 0 | 0 |  | (1) |
| Receive | Receive | CAONREPO | CAONREPO | 3.250 | Semi-Annual | Semi-Annual | 12/18/2034 | 200 |  | (5) |  | 3 |  | (2) |  | 0 | 0 |  | 0 |
| Pay | Pay | CDX.IG-46 5-Year Index | CDX.IG-46 5-Year Index | 1.000 | Quarterly | Quarterly | 06/20/2031 | 5400 |  | 94 |  | 1 |  | 95 |  | 12 | 12 |  | 0 |
|  |  |  |  |  |  |  |  | $ | $(454) | (454) | $(787) | (787) | $(1241) | (1241) | $252 | 252 | 252 | $(106) | (106) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | $**(507)** | **(507)** | $**(789)** | **(789)** | $**(1296)** | **(1296)** | $**252** | **252** | **252** | $**(118)** | **(118)** |
| **Cash of $2,038 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $2,038 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $2,038 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $2,038 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $2,038 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $2,038 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $2,038 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $2,038 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $2,038 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $2,038 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $2,038 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $2,038 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $2,038 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $2,038 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $2,038 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $2,038 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $2,038 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $2,038 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $2,038 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $2,038 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** |
| <sup>(1)</sup> | Unsettled variation margin asset of $26 for closed futures is outstanding at period end. | Unsettled variation margin asset of $26 for closed futures is outstanding at period end. | Unsettled variation margin asset of $26 for closed futures is outstanding at period end. | Unsettled variation margin asset of $26 for closed futures is outstanding at period end. | Unsettled variation margin asset of $26 for closed futures is outstanding at period end. | Unsettled variation margin asset of $26 for closed futures is outstanding at period end. | Unsettled variation margin asset of $26 for closed futures is outstanding at period end. | Unsettled variation margin asset of $26 for closed futures is outstanding at period end. | Unsettled variation margin asset of $26 for closed futures is outstanding at period end. | Unsettled variation margin asset of $26 for closed futures is outstanding at period end. | Unsettled variation margin asset of $26 for closed futures is outstanding at period end. | Unsettled variation margin asset of $26 for closed futures is outstanding at period end. | Unsettled variation margin asset of $26 for closed futures is outstanding at period end. | Unsettled variation margin asset of $26 for closed futures is outstanding at period end. | Unsettled variation margin asset of $26 for closed futures is outstanding at period end. | Unsettled variation margin asset of $26 for closed futures is outstanding at period end. | Unsettled variation margin asset of $26 for closed futures is outstanding at period end. | Unsettled variation margin asset of $26 for closed futures is outstanding at period end. | Unsettled variation margin asset of $26 for closed futures is outstanding at period end. |
| <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. | 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> | 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. |
| <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. | 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. |
| **(k)** | **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 | 3212 | 3212 | $ | $2345 | 2345 | 2345 | 36 | 36 | 36 | 36 | $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 | 3660 | 3660 |  | 701 | 701 | 701 | 0 | 0 | 0 | 0 | (5) | (5) | (5) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | CNH | 83 | 83 |  | 12 | 12 | 12 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | COP | 134330 | 134330 |  | 35 | 35 | 35 | 0 | 0 | 0 | 0 | (2) | (2) | (2) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | EUR | 192 | 192 | RON | 983 | 983 | 983 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 445 | 445 | $ | $516 | 516 | 516 | 2 | 2 | 2 | 2 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | INR | 1075 | 1075 |  | 12 | 12 | 12 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | KRW | 14582 | 14582 |  | 10 | 10 | 10 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | PLN | 37 | 37 |  | 10 | 10 | 10 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | RON | 381 | 381 | EUR | 74 | 74 | 74 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 70 | 70 | $ | $16 | 16 | 16 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | SGD | 93 | 93 |  | 73 | 73 | 73 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | $ | $702 | 702 | BRL | 3660 | 3660 | 3660 | 5 | 5 | 5 | 5 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 83 | 83 | CZK | 1752 | 1752 | 1752 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 87 | 87 | GBP | 65 | 65 | 65 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 83 | 83 | JPY | 13293 | 13293 | 13293 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | ZAR | 916 | 916 | $ | $52 | 52 | 52 | 0 | 0 | 0 | 0 | (2) | (2) | (2) |
|  |  |  | 05/2026  | 05/2026  | 05/2026  | JPY | 13253 | 13253 |  | 83 | 83 | 83 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 05/2026  | 05/2026  | 05/2026  | $ | $34 | 34 | CNY | 238 | 238 | 238 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

---

------

<br> Schedule of Investments PIMCO Global Core Bond (Hedged) Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| 0 | 14 | 54 | 108 | 162 | 212 |
|  | 06/2026  | 120 | $39 | 1 | 0 |
|  | 06/2026  | 599 | 33 | 0 | 0 |
|  | 06/2026  | $9 | 64 | 0 | 0 |
|  | 07/2026  | 35 | 242 | 0 | 0 |
|  | 10/2026  | 200 | $37 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | 04/2026  | 1814 | 324 | 0 | (26) |
|  | 04/2026  | 183 | 27 | 0 | 0 |
|  | 04/2026  | 157071 | 41 | 0 | (2) |
|  | 04/2026  | 120 | 39 | 1 | 0 |
|  | 04/2026  | 155789 | 1671 | 19 | (2) |
|  | 04/2026  | 143164 | 97 | 2 | 0 |
|  | 04/2026  | 458 | 271 | 8 | 0 |
|  | 04/2026  | 58 | 14 | 0 | 0 |
|  | 04/2026  | 49 | 38 | 0 | 0 |
|  | 04/2026  | 2987 | 92 | 2 | 0 |
|  | 04/2026  | 16199 | 511 | 5 | 0 |
|  | 04/2026  | $80 | 113 | 0 | (2) |
|  | 04/2026  | 343 | 1814 | 7 | 0 |
|  | 04/2026  | 51 | 71 | 0 | 0 |
|  | 04/2026  | 26 | 183 | 0 | 0 |
|  | 04/2026  | 106 | 79 | 0 | (2) |
|  | 04/2026  | 156 | 2639626 | 0 | 0 |
|  | 04/2026  | 29 | 90 | 0 | 0 |
|  | 04/2026  | 530 | 49884 | 1 | 0 |
|  | 04/2026  | 17 | 24611 | 0 | 0 |
|  | 04/2026  | 72 | 260 | 0 | (2) |
|  | 04/2026  | 0 | 1 | 0 | 0 |
|  | 04/2026  | 1248 | 39926 | 0 | (2) |
|  | 05/2026  | 90 | $29 | 0 | 0 |
|  | 05/2026  | 6737 | 71 | 0 | 0 |
|  | 05/2026  | 1547 | 48 | 0 | 0 |
|  | 05/2026  | $30 | 158 | 0 | 0 |
|  | 05/2026  | 181 | 1257 | 2 | 0 |
|  | 05/2026  | 36 | 606845 | 0 | 0 |
|  | 05/2026  | 796 | 75367 | 4 | 0 |
|  | 05/2026  | 38 | 49 | 0 | 0 |
|  | 05/2026  | 6 | 197 | 0 | 0 |
|  | 06/2026  | 37232 | $1163 | 5 | 0 |
|  | 06/2026  | $241 | 1655 | 0 | 0 |
|  | 06/2026  | 10 | 165510 | 0 | 0 |
|  | 07/2026  | 200 | $37 | 0 | (1) |
|  | 08/2026  | 451 | 19 | 0 | 0 |
|  | 08/2026  | $826 | 78567 | 0 | (4) |
|  | 10/2026  | 1000 | $182 | 0 | (3) |
|  | 01/2027  | $511 | 16049 | 0 | (12) |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | 04/2026  | 245 | 1252 | 1 | 0 |
|  | 04/2026  | 201 | $26 | 0 | 0 |
|  | 04/2026  | 23513 | 247 | 0 | (3) |
|  | 04/2026  | 404 | 79 | 0 | 0 |
|  | 04/2026  | 36751 | $811 | 0 | (8) |
|  | 04/2026  | $27 | 98 | 0 | (1) |
|  | 04/2026  | 39 | 355 | 0 | (2) |
|  | 04/2026  | 845 | 38508 | 9 | 0 |
|  | 04/2026  | 5357 | $324 | 9 | (2) |
|  | 05/2026  | 4495 | 96 | 0 | (1) |
|  | 05/2026  | 46533 | 1470 | 19 | 0 |
|  | 07/2026  | 1384 | 78 | 0 | (3) |
|  | 12/2026  | 477 | 27 | 0 | 0 |
|  | 02/2027  | $1470 | 46099 | 0 | (37) |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | 04/2026  | 2700 | $475 | 0 | (46) |
|  | 04/2026  | $521 | 2700 | 0 | 0 |
|  | 04/2026  | 3621 | 2720 | 0 | (21) |
|  | 04/2026  | 893 | 142513 | 5 | 0 |
|  | 04/2026  | 328 | 569 | 0 | (2) |
|  | 04/2026  | 88 | 318 | 0 | (2) |
|  | 05/2026  | 2720 | $3621 | 21 | 0 |
|  | 05/2026  | 142084 | 893 | 0 | (5) |
|  | 05/2026  | 569 | 329 | 2 | 0 |
|  | 10/2026  | 2900 | 537 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | 04/2026  | 33 | 23 | 1 | 0 |
|  | 04/2026  | 73 | 53 | 1 | 0 |
|  | 04/2026  | 312 | 45 | 0 | 0 |
|  | 04/2026  | 738716 | 194 | 0 | (7) |
|  | 04/2026  | 1243 | 1441 | 4 | 0 |
|  | 04/2026  | 58 | 77 | 0 | 0 |
|  | 04/2026  | 48763 | 526 | 10 | 0 |
|  | 04/2026  | 10300 | 66 | 1 | 0 |
|  | 04/2026  | 111285 | 75 | 1 | 0 |
|  | 04/2026  | 115 | 12 | 0 | 0 |
|  | 04/2026  | 150 | 16 | 0 | 0 |
|  | 04/2026  | 312 | 10 | 0 | 0 |
|  | 04/2026  | $15 | 103 | 0 | 0 |
|  | 04/2026  | 25 | 172 | 0 | 0 |
|  | 04/2026  | 231 | 849668 | 0 | 0 |
|  | 04/2026  | 335 | 289 | 0 | (1) |
|  | 04/2026  | 1184 | 109386 | 0 | (26) |

---

------

<br> Schedule of Investments PIMCO Global Core Bond (Hedged) Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| 0 | 14 | 54 | 108 | 162 | 212 |
|  | 04/2026  | 78 | 12500 | 1 | 0 |
|  | 04/2026  | 235 | 7428 | 0 | (3) |
|  | 05/2026  | 4559 | $147 | 9 | 0 |
|  | 05/2026  | $107 | 740 | 1 | 0 |
|  | 05/2026  | 35 | 3367 | 0 | 0 |
|  | 05/2026  | 1461 | 46740 | 0 | (4) |
|  | 06/2026  | 1129000 | $302 | 0 | 0 |
|  | 06/2026  | 33 | 11 | 0 | 0 |
|  | 06/2026  | 54206 | 1696 | 10 | 0 |
|  | 06/2026  | $179 | 1235 | 0 | 0 |
|  | 06/2026  | 10 | 168441 | 0 | 0 |
|  | 06/2026  | 220 | 3945 | 0 | (1) |
|  | 07/2026  | 153082 | $40 | 0 | (1) |
|  | 07/2026  | 453 | 131 | 2 | 0 |
|  | 07/2026  | $6 | 3228 | 1 | 0 |
|  | 08/2026  | 64153 | $685 | 13 | 0 |
|  | 08/2026  | $2 | 950 | 0 | 0 |
|  | 09/2026  | 30 | 535 | 0 | 0 |
|  | 01/2027  | 2433 | $717 | 29 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | 04/2026  | 33883 | 4945 | 26 | 0 |
|  | 04/2026  | 149 | 764 | 0 | 0 |
|  | 04/2026  | 974 | $125 | 0 | 0 |
|  | 04/2026  | 241 | 78 | 1 | 0 |
|  | 04/2026  | 927 | 10 | 0 | 0 |
|  | 04/2026  | 1729 | 338 | 0 | (1) |
|  | 04/2026  | $2653 | 3867 | 15 | 0 |
|  | 04/2026  | 2221 | 15359 | 9 | 0 |
|  | 04/2026  | 27 | 1325 | 0 | (3) |
|  | 04/2026  | 163 | 15138 | 0 | (2) |
|  | 04/2026  | 564 | 720 | 0 | (4) |
|  | 04/2026  | 36 | 1161 | 0 | 0 |
|  | 05/2026  | 3867 | $2652 | 0 | (15) |
|  | 05/2026  | 15322 | 2221 | 0 | (9) |
|  | 05/2026  | 718 | 564 | 4 | 0 |
|  | 06/2026  | 157547 | 42 | 0 | 0 |
|  | 06/2026  | 16567 | 31 | 0 | (3) |
|  | 06/2026  | 1159 | 36 | 0 | 0 |
|  | 06/2026  | $136 | 928 | 0 | (1) |
|  | 07/2026  | 247 | $73 | 2 | 0 |
|  | 07/2026  | $31 | 16670 | 3 | 0 |
|  | 07/2026  | 1016 | $57 | 0 | (2) |
|  | 08/2026  | 13452 | 143 | 2 | 0 |
|  | 12/2026  | 636 | 36 | 0 | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | 04/2026  | 1325 | 939 | 25 | 0 |
|  | 04/2026  | 93 | 120 | 4 | 0 |
|  | 04/2026  | 2822 | 3814 | 78 | 0 |
|  | 04/2026  | 52594 | 337 | 5 | 0 |
|  | 04/2026  | 74 | 15 | 0 | 0 |
|  | 04/2026  | $77 | 62 | 0 | 0 |
|  | 04/2026  | 1112 | 177442 | 6 | 0 |
|  | 04/2026  | 30 | 109 | 0 | (1) |
|  | 05/2026  | 61 | $77 | 0 | 0 |
|  | 05/2026  | 150 | 47 | 0 | 0 |
|  | 05/2026  | 176906 | 1112 | 0 | (6) |
|  | 06/2026  | 85 | 28 | 1 | 0 |
|  | 09/2026  | $24 | 429 | 0 | (1) |
|  | 09/2026  | 61 | 204 | 0 | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp; GLM | 04/2026  | 8917 | $1616 | 0 | (105) |
|  | 04/2026  | 377 | 0 | 0 | 0 |
|  | 04/2026  | 116 | 37 | 0 | 0 |
|  | 04/2026  | 115 | 6 | 0 | 0 |
|  | 04/2026  | 3412 | 869 | 26 | 0 |
|  | 04/2026  | 51 | 40 | 1 | 0 |
|  | 04/2026  | $1698 | 8917 | 24 | 0 |
|  | 04/2026  | 12 | 82 | 0 | 0 |
|  | 04/2026  | 4 | 70047 | 0 | 0 |
|  | 04/2026  | 18 | 590 | 0 | 0 |
|  | 06/2026  | 289211 | $76 | 0 | (1) |
|  | 06/2026  | 167871 | 10 | 0 | 0 |
|  | 06/2026  | 589 | 18 | 0 | 0 |
|  | 06/2026  | $699 | 3767 | 18 | 0 |
|  | 06/2026  | 22 | 380040 | 0 | 0 |
|  | 06/2026  | 45 | 158 | 0 | 0 |
|  | 07/2026  | 5300 | $984 | 0 | (19) |
|  | 07/2026  | 4528 | 1 | 0 | 0 |
|  | 08/2026  | 4490 | 252 | 0 | (11) |
| &nbsp;&nbsp;&nbsp;&nbsp; IND | 04/2026  | 10547 | 12453 | 263 | 0 |
|  | 04/2026  | $117 | 763 | 1 | 0 |
|  | 05/2026  | 762 | $117 | 0 | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | 04/2026  | 69 | 10 | 0 | 0 |
|  | 04/2026  | 126 | 642 | 0 | 0 |
|  | 04/2026  | 1137 | $145 | 0 | 0 |
|  | 04/2026  | 134 | 7 | 0 | 0 |
|  | 04/2026  | 92 | 25 | 0 | 0 |
|  | 04/2026  | 606 | 119 | 0 | 0 |
|  | 04/2026  | 611 | $484 | 9 | 0 |

---

------

<br> Schedule of Investments PIMCO Global Core Bond (Hedged) Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| 0 | 14 | 54 | 108 | 162 | 212 |
|  | 04/2026  | 5013 | 159 | 6 | 0 |
|  | 04/2026  | $2335 | 16161 | 11 | 0 |
|  | 04/2026  | 472 | 8448 | 0 | (1) |
|  | 04/2026  | 69 | 2166 | 0 | (3) |
|  | 04/2026  | 12686 | $760 | 11 | 0 |
|  | 05/2026  | 24 | 16 | 0 | 0 |
|  | 05/2026  | 16121 | 2335 | 0 | (11) |
|  | 05/2026  | 24 | 123 | 0 | 0 |
|  | 05/2026  | 122 | 24 | 0 | 0 |
|  | 05/2026  | $24 | 31 | 0 | 0 |
|  | 06/2026  | 63 | $20 | 0 | 0 |
|  | 06/2026  | 1307 | 73 | 0 | 0 |
|  | 06/2026  | 5161 | 157 | 0 | 0 |
|  | 06/2026  | 700 | 40 | 0 | (2) |
|  | 08/2026  | 1147 | 47 | 1 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | 04/2026  | 484 | $335 | 1 | 0 |
|  | 04/2026  | 764 | 121 | 3 | 0 |
|  | 04/2026  | 7 | 36 | 0 | 0 |
|  | 04/2026  | 208 | $241 | 1 | 0 |
|  | 04/2026  | 61 | 82 | 1 | 0 |
|  | 04/2026  | 65042 | 417 | 8 | 0 |
|  | 04/2026  | 1422540 | 971 | 25 | 0 |
|  | 04/2026  | 240 | 26 | 0 | 0 |
|  | 04/2026  | 23 | 18 | 0 | 0 |
|  | 04/2026  | 996 | 31 | 1 | 0 |
|  | 04/2026  | $39 | 31 | 0 | (1) |
|  | 04/2026  | 63 | 233944 | 1 | 0 |
|  | 04/2026  | 75 | 65 | 0 | 0 |
|  | 04/2026  | 103 | 77 | 0 | (1) |
|  | 04/2026  | 343 | 54850 | 3 | 0 |
|  | 04/2026  | 12 | 115 | 0 | 0 |
|  | 04/2026  | 84 | 107 | 0 | 0 |
|  | 05/2026  | 101 | $116 | 0 | (1) |
|  | 05/2026  | 31 | 41 | 0 | 0 |
|  | 05/2026  | 63684 | 400 | 0 | (3) |
|  | 05/2026  | 115 | 12 | 0 | 0 |
|  | 05/2026  | 9034 | 293 | 18 | 0 |
|  | 05/2026  | $2 | 102 | 0 | 0 |
|  | 05/2026  | 63 | 55 | 1 | 0 |
|  | 05/2026  | 18 | 23 | 0 | 0 |
|  | 05/2026  | 1370 | $79 | 0 | (2) |
|  | 06/2026  | 78 | 4 | 0 | 0 |
|  | 06/2026  | $123 | 841 | 0 | (1) |
|  | 07/2026  | 239358 | $63 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MYI | 04/2026  | 233 | 45 | 0 | 0 |
|  | 04/2026  | 146 | 41 | 2 | 0 |
|  | 04/2026  | 42490 | 1346 | 20 | 0 |
|  | 04/2026  | $45 | 233 | 0 | 0 |
|  | 04/2026  | 441 | 14095 | 0 | (2) |
|  | 06/2026  | 14103 | $441 | 3 | 0 |
|  | 06/2026  | $48 | 333 | 0 | 0 |
|  | 07/2026  | 25 | 13535 | 2 | 0 |
|  | 01/2027  | 1346 | 42145 | 0 | (36) |
| &nbsp;&nbsp;&nbsp;&nbsp; NGF | 04/2026  | 45 | 2045 | 1 | 0 |
|  | 05/2026  | 19 | 891 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | 04/2026  | 172 | $25 | 0 | 0 |
|  | 04/2026  | 535346 | 140 | 0 | (6) |
|  | 04/2026  | 44263 | 283 | 5 | 0 |
|  | 04/2026  | 136845 | 90 | 0 | (1) |
|  | 04/2026  | 111 | 66 | 3 | 0 |
|  | 04/2026  | 86 | 3 | 0 | 0 |
|  | 04/2026  | $2376 | 3289 | 0 | (11) |
|  | 04/2026  | 49 | 4495 | 0 | (2) |
|  | 04/2026  | 90 | 136862 | 1 | 0 |
|  | 04/2026  | 20 | 73 | 0 | (1) |
|  | 04/2026  | 24 | 777 | 0 | 0 |
|  | 05/2026  | 3285 | $2376 | 11 | 0 |
|  | 05/2026  | $94 | 649 | 1 | 0 |
|  | 06/2026  | 40889 | $11 | 0 | 0 |
|  | 06/2026  | $32 | 545766 | 0 | 0 |
|  | 07/2026  | 177872 | $46 | 0 | (1) |
|  | 07/2026  | $38 | 262 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SOG | 04/2026  | 143 | $165 | 0 | 0 |
|  | 04/2026  | 228143 | 1466 | 29 | 0 |
|  | 04/2026  | 365 | 72 | 0 | 0 |
|  | 04/2026  | $386 | 2637 | 0 | (4) |
|  | 04/2026  | 14118 | 12232 | 22 | (3) |
|  | 05/2026  | 12130 | $14019 | 0 | (22) |
|  | 05/2026  | $1 | 5 | 0 | 0 |
|  | 05/2026  | 165 | 143 | 0 | 0 |
|  | 06/2026  | 66 | $21 | 0 | 0 |
|  | 06/2026  | 2484 | 737 | 26 | 0 |
|  | 07/2026  | 217 | 64 | 2 | 0 |
|  | 07/2026  | $18 | 911 | 0 | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp; SSB | 04/2026  | 2138 | $1521 | 46 | 0 |
|  | 04/2026  | 268 | 2 | 0 | 0 |

---

------

<br> Schedule of Investments PIMCO Global Core Bond (Hedged) Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 5 | 7 | 32 | 36 | 54 | 68 | 87 | 90 | 96 | 98 | 108 | 113 | 129 | 147 | 161 | 162 | 179 | 205 | 211 | 217 | 229 |
|  |  | 08/2026  | COP | 383137 | 383137 | 383137 | 383137 |  |  | 100 | 100 | 100 | 100 |  | 0 | 0 |  |  | (1) | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | 04/2026  | PLN | 67 | 67 | 67 | 67 |  |  | 18 | 18 | 18 | 18 |  | 0 | 0 |  |  | 0 | 0 |
|  |  | 04/2026  | $ | $116 | 116 | 116 | 116 | COP | COP | 432563 | 432563 | 432563 | 432563 |  | 1 | 1 |  |  | 0 | 0 |
|  |  | 04/2026  |  | 88 | 88 | 88 | 88 | PLN | PLN | 318 | 318 | 318 | 318 |  | 0 | 0 |  |  | (2) | (2) |
|  |  | 06/2026  | COP | 983598 | 983598 | 983598 | 983598 | $ | $ | 261 | 261 | 261 | 261 |  | 0 | 0 |  |  | (3) | (3) |
|  |  | 06/2026  | ILS | 103 | 103 | 103 | 103 |  |  | 33 | 33 | 33 | 33 |  | 1 | 1 |  |  | 0 | 0 |
|  |  | 06/2026  | MXN | 100 | 100 | 100 | 100 |  |  | 6 | 6 | 6 | 6 |  | 0 | 0 |  |  | 0 | 0 |
|  |  | 06/2026  | $ | $133 | 133 | 133 | 133 | MXN | MXN | 2313 | 2313 | 2313 | 2313 |  | 0 | 0 |  |  | (4) | (4) |
| **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** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | $**1043** | **1043** | **1043** | **$** | $**(560)** | **(560)** | **(560)** |
| **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** |
| **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** |
| Counterparty | Description | Description | Description | Description | Description |  |  |  | Strike<br>Price | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Cost | Cost |  | Market<br>Value | Market<br>Value |
| BOA | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | HKD | HKD | HKD | 7.800 | 7.800 | 7.800 | 08/14/2026 | 142 | 142 | 142 | 0 | 0 | $ | $0 | 0 |
|  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  |  | 7.800 | 7.800 | 7.800 | 08/24/2026 | 223 | 223 | 223 | 1 | 1 |  | 0 | 0 |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | KRW | KRW | 1400.000 | 1400.000 | 1400.000 | 07/09/2026 | 118 | 118 | 118 | 1 | 1 |  | 0 | 0 |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  |  |  | 1400.000 | 1400.000 | 1400.000 | 07/13/2026 | 26 | 26 | 26 | 0 | 0 |  | 0 | 0 |
|  | Call - OTC USD versus SGD  | Call - OTC USD versus SGD  | Call - OTC USD versus SGD  | Call - OTC USD versus SGD  | Call - OTC USD versus SGD  | SGD | SGD | SGD | 1.315 | 1.315 | 1.315 | 11/05/2026 | 148 | 148 | 148 | 1 | 1 |  | 1 | 1 |
| BPS | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | CZK | CZK | CZK | 24.040 | 24.040 | 24.040 | 08/13/2026 | 82 | 82 | 82 | 0 | 0 |  | 0 | 0 |
| GLM | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | HKD | HKD | HKD | 7.800 | 7.800 | 7.800 | 08/14/2026 | 34 | 34 | 34 | 0 | 0 |  | 0 | 0 |
| MBC | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  |  | 7.800 | 7.800 | 7.800 | 08/14/2026 | 127 | 127 | 127 | 0 | 0 |  | 0 | 0 |
|  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  |  | 7.800 | 7.800 | 7.800 | 08/24/2026 | 66 | 66 | 66 | 0 | 0 |  | 0 | 0 |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | KRW | KRW | 1400.000 | 1400.000 | 1400.000 | 07/09/2026 | 228 | 228 | 228 | 2 | 2 |  | 1 | 1 |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  |  |  | 1400.000 | 1400.000 | 1400.000 | 07/10/2026 | 229 | 229 | 229 | 2 | 2 |  | 1 | 1 |
| MYI | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | CZK | CZK | CZK | 23.900 | 23.900 | 23.900 | 06/02/2026 | 140 | 140 | 140 | 1 | 1 |  | 0 | 0 |
| **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** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **8** | **8** | **$** | $**3** | **3** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** |
| Counterparty | Description | Description | Description | Description | Description |  |  |  | Strike<br>Price | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value | Market<br>Value |
| BOA | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | HKD | HKD | HKD | 7.850 | 7.850 | 7.850 | 08/14/2026 | 142 | 142 | 142 | 0 | 0 | $ | $0 | 0 |
|  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  |  | 7.850 | 7.850 | 7.850 | 08/24/2026 | 223 | 223 | 223 | 0 | 0 |  | 0 | 0 |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | KRW | KRW | 1350.000 | 1350.000 | 1350.000 | 07/09/2026 | 118 | 118 | 118 | 0 | 0 |  | 0 | 0 |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  |  |  | 1350.000 | 1350.000 | 1350.000 | 07/13/2026 | 26 | 26 | 26 | 0 | 0 |  | 0 | 0 |
|  | Put - OTC USD versus SGD  | Put - OTC USD versus SGD  | Put - OTC USD versus SGD  | Put - OTC USD versus SGD  | Put - OTC USD versus SGD  | SGD | SGD | SGD | 1.237 | 1.237 | 1.237 | 11/05/2026 | 148 | 148 | 148 | (1) | (1) |  | (1) | (1) |
| GLM | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | HKD | HKD | HKD | 7.850 | 7.850 | 7.850 | 08/14/2026 | 34 | 34 | 34 | 0 | 0 |  | 0 | 0 |
| MBC | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  |  | 7.850 | 7.850 | 7.850 | 08/14/2026 | 127 | 127 | 127 | 0 | 0 |  | 0 | 0 |
|  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  |  | 7.850 | 7.850 | 7.850 | 08/24/2026 | 66 | 66 | 66 | 0 | 0 |  | 0 | 0 |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | KRW | KRW | 1350.000 | 1350.000 | 1350.000 | 07/09/2026 | 228 | 228 | 228 | (1) | (1) |  | 0 | 0 |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  |  |  | 1350.000 | 1350.000 | 1350.000 | 07/10/2026 | 229 | 229 | 229 | (1) | (1) |  | (1) | (1) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (3) | (3) | $ | $(2) | (2) |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** |
| Counterparty | Description | Floating Rate<br>Index | Floating Rate<br>Index | Floating Rate<br>Index | Pay/Receive<br>Floating Rate | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value | Market<br>Value |
| BOA | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 3.620% | 3.620% | 3.620% | 3.620% | 04/20/2026 | 04/20/2026 | 500 | 500 | 500 | (2) | (2) | $ | $(1) | (1) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.900 | 3.900 | 3.900 | 3.900 | 04/20/2026 | 04/20/2026 | 500 | 500 | 500 | (2) | (2) |  | (3) | (3) |
| GLM | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 3.600 | 3.600 | 3.600 | 3.600 | 04/16/2026 | 04/16/2026 | 100 | 100 | 100 | 0 | 0 |  | 0 | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.900 | 3.900 | 3.900 | 3.900 | 04/16/2026 | 04/16/2026 | 100 | 100 | 100 | 0 | 0 |  | (1) | (1) |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 3.695 | 3.695 | 3.695 | 3.695 | 04/27/2026 | 04/27/2026 | 100 | 100 | 100 | (1) | (1) |  | 0 | 0 |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 4.055 | 4.055 | 4.055 | 4.055 | 04/27/2026 | 04/27/2026 | 100 | 100 | 100 | 0 | 0 |  | 0 | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (5) | (5) | $ | $(5) | (5) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **(8)** | **(8)** | **$** | $**(7)** | **(7)** |
| **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 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> | **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> | <u>Swap Agreements, at Value</u><sup>(6)</sup> |
| Reference Entity | Reference Entity | Fixed <br>(Pay) Rate | Fixed <br>(Pay) Rate | 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> | 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> |  | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| South Korea Government International Bonds  | South Korea Government International Bonds  | (1.000)% | (1.000)% | Quarterly | 12/20/2029 | 12/20/2029 | 0.272% | 0.272% | 0.272% | 0.272% | 0.272% | $100 | $ | (3) | (3) | $0 | $0 | 0 | 0 | $(3) |

---

------

<br> Schedule of Investments PIMCO Global Core Bond (Hedged) Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 5 | 6 | 18 | 32 | 35 | 47 | 51 | 68 | 69 | 82 | 90 | 94 | 107 | 114 | 122 | 129 | 144 | 154 | 169 | 179 | 199 | 205 | 220 | 229 |
|  | South Korea Government International Bonds  | South Korea Government International Bonds  | South Korea Government International Bonds  | (1.000) | (1.000) | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 12/20/2030 | 0.324 | 0.324 | 0.324 | 0.324 |  | 400 | 400 | (15) | (15) | 3 | 3 | 0 | 0 | (12) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $(18) | (18) | $3 | 3 | $0 | 0 | $(15) |
| **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - 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 | Reference Entity | Reference Entity | Reference Entity | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | 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> | 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 |
| DUB | Petroleos Mexicanos « | Petroleos Mexicanos « | Petroleos Mexicanos « | 4.750% | 4.750% | Monthly | Monthly | 07/06/2026 | 07/06/2026 | 07/06/2026 | —◆ | —◆ | —◆ | —◆ | $ | $94 | 94 | $0 | 0 | $1 | 1 | $1 | 1 | $0 |
| **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> | **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 | Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date |  |  | Notional<br>Amount<sup>(5)</sup> |  | Premiums<br>Paid/(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) |  | Asset |  | Liability |
| BPS | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | 5.000% | 5.000% | Quarterly | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | EUR | EUR | 300 | $ | 63 | $ | (3) | $ | 60 | $ | 0 |
| CBK | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | 5.000 | Quarterly | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 |  |  | 100 |  | 23 |  | (3) |  | 20 |  | 0 |
| GST | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | 5.000 | Quarterly | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 |  |  | 100 |  | 20 |  | 0 |  | 20 |  | 0 |
| JPM | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | 5.000 | Quarterly | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 |  |  | 100 |  | 22 |  | (2) |  | 20 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $128 | 128 | $(8) | (8) | $120 | 120 | $0 |
| **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | Receive | Pay | Pay | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date<sup>(7)</sup> | Maturity<br>Date<sup>(7)</sup> | Maturity<br>Date<sup>(7)</sup> | Notional Amount<br>of Currency<br>Received | Notional Amount<br>of Currency<br>Received | Notional Amount<br>of Currency<br>Received |  |  | Notional Amount<br>of Currency<br>Delivered | Notional Amount<br>of Currency<br>Delivered |  | Upfront Payable/(Receivable) |  | Unrealized<br>Appreciation/(Depreciation) |  | Asset |  | Liability |
| &nbsp;&nbsp; CBK | &nbsp;&nbsp; CBK | Floating rate equal to 1-Day USD-SOFR less 0.450% based on the notional amount of currency received  | Floating rate equal to 1-Day JPY-SOFR based on the notional amount of currency delivered | Floating rate equal to 1-Day JPY-SOFR based on the notional amount of currency delivered | Maturity | Maturity | 03/17/2032 | 03/17/2032 | 03/17/2032 | $168 | 168 | 168 | JPY | JPY | 26500 | 26500 | $ | 0 | $ | 1 | $ | 1 | $ | 0 |
|  |  | Floating rate equal to 1-Day USD-SOFR Compounded-OIS less 0.357% based on the notional amount of currency received  | Floating rate equal to 1-Day JPY-SOFR based on the notional amount of currency delivered | Floating rate equal to 1-Day JPY-SOFR based on the notional amount of currency delivered | Maturity | Maturity | 12/16/2027 | 12/16/2027 | 12/16/2027 | 4341 | 4341 | 4341 |  |  | 651100 | 651100 |  | 56 |  | (1) |  | 55 |  | 0 |
| &nbsp;&nbsp; FAR | &nbsp;&nbsp; FAR | Floating rate equal to 1-Day USD-SOFR less 0.450% based on the notional amount of currency received  | Floating rate equal to 1-Day JPY-SOFR based on the notional amount of currency delivered | Floating rate equal to 1-Day JPY-SOFR based on the notional amount of currency delivered | Maturity | Maturity | 03/17/2032 | 03/17/2032 | 03/17/2032 | 442 | 442 | 442 |  |  | 69900 | 69900 |  | 1 |  | 0 |  | 1 |  | 0 |
| &nbsp;&nbsp; GLM | &nbsp;&nbsp; GLM | Floating rate equal to 1-Day USD-SOFR Compounded-OIS less 0.301% based on the notional amount of currency received  | Floating rate equal to 1-Day GBP-SOFR based on the notional amount of currency delivered | Floating rate equal to 1-Day GBP-SOFR based on the notional amount of currency delivered | Maturity | Maturity | 10/15/2045 | 10/15/2045 | 10/15/2045 | 797 | 797 | 797 | GBP | GBP | 599 | 599 |  | (3) |  | (1) |  | 0 |  | (4) |
|  |  | Floating rate equal to 1-Day USD-SOFR Compounded-OIS less 0.315% based on the notional amount of currency received  | Floating rate equal to 1-Day JPY-SOFR based on the notional amount of currency delivered | Floating rate equal to 1-Day JPY-SOFR based on the notional amount of currency delivered | Maturity | Maturity | 12/16/2027 | 12/16/2027 | 12/16/2027 | 2335 | 2335 | 2335 | JPY | JPY | 362000 | 362000 |  | 2 |  | (2) |  | 0 |  | 0 |
|  |  | Floating rate equal to 1-Day USD-SOFR Compounded-OIS less 0.425% based on the notional amount of currency received  | Floating rate equal to 1-Day JPY-SOFR based on the notional amount of currency delivered | Floating rate equal to 1-Day JPY-SOFR based on the notional amount of currency delivered | Maturity | Maturity | 09/16/2031 | 09/16/2031 | 09/16/2031 | 1769 | 1769 | 1769 |  |  | 260000 | 260000 |  | 2 |  | 0 |  | 2 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 58 | $ | (3) | $ | 59 | $ | (4) |

---

------

<br> Schedule of Investments PIMCO Global Core Bond (Hedged) Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 3 | 15 | 16 | 36 | 56 | 104 | 121 | 134 | 155 | 170 | 186 | 206 | 221 | 230 |
| **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>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Floating Rate Index | Fixed Rate | Maturity<br>Date | Notional<br>Amount | Notional<br>Amount | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| &nbsp;&nbsp; BOA | &nbsp;&nbsp; BOA | Pay | 3-Month CNY-CNREPOFIX<sup>(8)</sup> | 3-Month CNY-CNREPOFIX<sup>(8)</sup> | 1.500% | 03/17/2032 | 12420 | 12420 | $(16) | (16) | 2 | $0 | 0 | $(14) |
| &nbsp;&nbsp; BPS | &nbsp;&nbsp; BPS | Pay | 3-Month CNY-CNREPOFIX<sup>(8)</sup> | 3-Month CNY-CNREPOFIX<sup>(8)</sup> | 1.500 | 03/17/2032 | 9600 | 9600 | (12) | (12) | 2 | 0 | 0 | (10) |
|  |  |  |  |  |  |  |  |  | (28) | $ | 4 | 0 | $ | (24) |
| **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** |
|  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | Pay/Receive<sup>(9)</sup> | Underlying<br>Reference | # of Units | &nbsp;&nbsp; Financing Rate | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| &nbsp;&nbsp; CBK | &nbsp;&nbsp; CBK | SIBCSORA Index  | SIBCSORA Index  | N/A | 0.822 | 08/26/2026 | SGD | 10 | 0 | $ | 0 | 0 | $ | 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** | **140** | **$** | **(3)** | **180** | **$** | **(43)** |
| <sup>◆</sup> | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. |
| <sup>(1)</sup> | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | 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. |
| <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. |
| <sup>(4)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(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. |
| <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. |
| <sup>(7)</sup> | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. |
| <sup>(8)</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. |
| <sup>(9)</sup> | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **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**: |  |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Level 1 | Level 2 | Level 2 | 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 |  |

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<br> Schedule of Investments PIMCO Global Core Bond (Hedged) Portfolio (Cont.) March 31, 2026 (Unaudited)

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| | | |
|:---|:---|:---|
| 2 | 127 | 201 |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Argentina | Argentina | Argentina |
| Sovereign Issues | $37 | $37 |
| Australia | Australia | Australia |
| Corporate Bonds & Notes | 824 | 824 |
| Non-Agency Mortgage-Backed Securities | 0 | 828 |
| Sovereign Issues | 2122 | 2122 |
| Brazil | Brazil | Brazil |
| Sovereign Issues | 1770 | 1770 |
| Bulgaria | Bulgaria | Bulgaria |
| Sovereign Issues | 219 | 219 |
| Canada | Canada | Canada |
| Corporate Bonds & Notes | 1499 | 1499 |
| Sovereign Issues | 2083 | 2083 |
| Cayman Islands | Cayman Islands | Cayman Islands |
| Asset-Backed Securities | 1413 | 1413 |
| Corporate Bonds & Notes | 202 | 202 |
| Sovereign Issues | 202 | 202 |
| China | China | China |
| Sovereign Issues | 3284 | 3284 |
| Colombia | Colombia | Colombia |
| Sovereign Issues | 897 | 897 |
| Denmark | Denmark | Denmark |
| Corporate Bonds & Notes | 102 | 102 |
| Egypt | Egypt | Egypt |
| Sovereign Issues | 79 | 79 |
| France | France | France |
| Corporate Bonds & Notes | 567 | 567 |
| Sovereign Issues | 3325 | 3325 |
| Indonesia | Indonesia | Indonesia |
| Sovereign Issues | 109 | 109 |
| Ireland | Ireland | Ireland |
| Asset-Backed Securities | 1750 | 1750 |
| Israel | Israel | Israel |
| Sovereign Issues | 942 | 942 |
| Italy | Italy | Italy |
| Corporate Bonds & Notes | 339 | 339 |
| Sovereign Issues | 1774 | 1774 |
| Japan | Japan | Japan |
| Corporate Bonds & Notes | 1116 | 1116 |
| Sovereign Issues | 2889 | 2889 |
| Jersey, Channel Islands | Jersey, Channel Islands | Jersey, Channel Islands |
| Asset-Backed Securities | 501 | 501 |
| Kuwait | Kuwait | Kuwait |
| Sovereign Issues | 390 | 390 |
| Luxembourg | Luxembourg | Luxembourg |
| Common Stocks | 0 | 209 |
| Corporate Bonds & Notes | 422 | 422 |
| Sovereign Issues | 403 | 403 |
| Malaysia | Malaysia | Malaysia |
| Corporate Bonds & Notes | 448 | 448 |
| Sovereign Issues | 853 | 853 |
| Mexico | Mexico | Mexico |
| Sovereign Issues | 115 | 115 |
| New Zealand | New Zealand | New Zealand |
| Sovereign Issues | 50 | 50 |
| Norway | Norway | Norway |
| Sovereign Issues | 67 | 67 |
| Peru | Peru | Peru |
| Sovereign Issues | 1559 | 1559 |
| Poland | Poland | Poland |
| Sovereign Issues | 303 | 303 |
| Romania | Romania | Romania |
| Sovereign Issues | 462 | 462 |
| Saudi Arabia | Saudi Arabia | Saudi Arabia |
| Sovereign Issues | 1119 | 1119 |
| Serbia | Serbia | Serbia |
| Sovereign Issues | 107 | 107 |
| South Africa | South Africa | South Africa |
| Sovereign Issues | 1426 | 1426 |
| South Korea | South Korea | South Korea |
| Sovereign Issues | 998 | 998 |
| Spain | Spain | Spain |
| Sovereign Issues | 2343 | 2343 |
| Supranational | Supranational | Supranational |
| Sovereign Issues | 560 | 560 |
| Switzerland | Switzerland | Switzerland |
| Corporate Bonds & Notes | 699 | 699 |
| Thailand | Thailand | Thailand |
| Sovereign Issues | 617 | 617 |
| United Arab Emirates | United Arab Emirates | United Arab Emirates |
| Corporate Bonds & Notes | 495 | 495 |
| United Kingdom | United Kingdom | United Kingdom |
| Corporate Bonds & Notes | 2414 | 2414 |
| Non-Agency Mortgage-Backed Securities | 283 | 283 |
| Sovereign Issues | 2965 | 2965 |

---

------

<br> Schedule of Investments PIMCO Global Core Bond (Hedged) Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 2 | 11 | 29 | 44 | 48 | 72 | 83 | 100 | 112 | 127 | 148 | 161 | 172 | 188 | 195 | 203 | 224 | 227 |
| United States | United States | United States | United States | United States | United States | United States | United States | United States | United States | United States | United States | United States | United States | United States | United States |  |  |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | 0 | 0 | 0 | 2502 | 2502 | 0 | 0 |  |  | 2502 |  |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 0 | 5285 | 5285 | 0 | 0 |  |  | 5285 |  |  |
| Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | 0 | 0 | 0 | 221 | 221 | 0 | 0 |  |  | 221 |  |  |
| 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 | 6874 | 6874 | 0 | 0 |  |  | 6874 |  |  |
| 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 | 32103 | 32103 | 0 | 0 |  |  | 32103 |  |  |
| 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 | 9621 | 9621 | 0 | 0 |  |  | 9621 |  |  |
| 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 |  |  |
| Commercial Paper | Commercial Paper | Commercial Paper | Commercial Paper | Commercial Paper | Commercial Paper | 0 | 0 | 0 | 250 | 250 | 0 | 0 |  |  | 250 |  |  |
| Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | 0 | 0 | 0 | 493 | 493 | 0 | 0 |  |  | 493 |  |  |
| Egypt Treasury Bills | Egypt Treasury Bills | Egypt Treasury Bills | Egypt Treasury Bills | Egypt Treasury Bills | Egypt Treasury Bills | 0 | 0 | 0 | 1 | 1 | 0 | 0 |  |  | 1 |  |  |
| Nigeria Treasury Bills | Nigeria Treasury Bills | Nigeria Treasury Bills | Nigeria Treasury Bills | Nigeria Treasury Bills | Nigeria Treasury Bills | 0 | 0 | 0 | 236 | 236 | 0 | 0 |  |  | 236 |  |  |
| South Africa Treasury Bills | South Africa Treasury Bills | South Africa Treasury Bills | South Africa Treasury Bills | South Africa Treasury Bills | South Africa Treasury Bills | 0 | 0 | 0 | 638 | 638 | 0 | 0 |  |  | 638 |  |  |
| Turkey Treasury Bills | Turkey Treasury Bills | Turkey Treasury Bills | Turkey Treasury Bills | Turkey Treasury Bills | Turkey Treasury Bills | 0 | 0 | 0 | 89 | 89 | 0 | 0 |  |  | 89 |  |  |
|  |  |  |  |  |  | $0 | 0 | 0 | $105456 | 105456 | $1037 | 1037 | $ | $ | 106493 |  |  |
| **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 | $73 | 73 | 73 | $0 | 0 | $0 | 0 | $ | $ | 73 |  |  |
| Total Investments | Total Investments | Total Investments | Total Investments | Total Investments | Total Investments | $73 | 73 | 73 | $105456 | 105456 | $1037 | 1037 | $ | $ | 106566 |  |  |
| **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**  | **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**  | **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**  | **Short Sales, at Value - Liabilities**  |  |  |
| France | France | France | France | France | France | France | France | France | France | France | France | France | France | France | France | France | France |
| &nbsp;&nbsp;&nbsp;&nbsp;Sovereign Issues | &nbsp;&nbsp;&nbsp;&nbsp;Sovereign Issues | &nbsp;&nbsp;&nbsp;&nbsp;Sovereign Issues | &nbsp;&nbsp;&nbsp;&nbsp;Sovereign Issues | &nbsp;&nbsp;&nbsp;&nbsp;Sovereign Issues | &nbsp;&nbsp;&nbsp;&nbsp;Sovereign Issues | 0 | 0 | 0 | (481) | (481) | 0 | 0 |  |  | (481) |  |  |
| United States | United States | United States | United States | United States | United States | United States | United States | United States | United States | United States | United States | United States | United States | United States | United States |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Government Agencies | &nbsp;&nbsp;&nbsp;&nbsp;U.S. Government Agencies | &nbsp;&nbsp;&nbsp;&nbsp;U.S. Government Agencies | &nbsp;&nbsp;&nbsp;&nbsp;U.S. Government Agencies | &nbsp;&nbsp;&nbsp;&nbsp;U.S. Government Agencies | &nbsp;&nbsp;&nbsp;&nbsp;U.S. Government Agencies | 0 | 0 | 0 | (9872) | (9872) | 0 | 0 |  |  | (9872) |  |  |
|  |  |  |  |  |  | $0 | 0 | 0 | $(10353) | (10353) | $0 | 0 | $ | $ | (10353) |  |  |
| **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 | 74 | 74 | 74 | 280 | 280 | 0 | 0 |  |  | 354 |  |  |
| Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 | 0 | 1225 | 1225 | 1 | 1 |  |  | 1226 |  |  |
|  |  |  |  |  |  | $74 | 74 | 74 | $1505 | 1505 | $1 | 1 | $ | $ | 1580 |  |  |
| **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 | (119) | (119) | (119) | (119) | (119) | 0 | 0 |  |  | (238) |  |  |
| Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 | 0 | (610) | (610) | 0 | 0 |  |  | (610) |  |  |
|  |  |  |  |  |  | $(119) | (119) | (119) | $(729) | (729) | $0 | 0 | $ | $ | (848) |  |  |
| Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | $(45) | (45) | (45) | $776 | 776 | $1 | 1 | $ | $ | 732 |  |  |
| Totals | Totals | Totals | Totals | Totals | Totals | $28 | 28 | 28 | $95879 | 95879 | $1038 | 1038 | $ | $ | 96945 |  |  |
| **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<sup>(1)</sup> | Net<br>Sales/Settlements<sup>(1)</sup> | Net<br>Sales/Settlements<sup>(1)</sup> | Accrued<br>Discounts/<br>(Premiums) | Accrued<br>Discounts/<br>(Premiums) | Realized<br>Gain/(Loss) | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(2)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(2)</sup> | 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>(2)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>03/31/2026<sup>(2)</sup> |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Australia |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Non-Agency Mortgage-Backed Securities | $801 | 0 | $ | $0 | $ | 0 | $0 | $ | 27 | $0 | 0 | $0 | 0 | $ | 828 | $ | 27 |
| Luxembourg |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Common Stocks | 205 | 0 |  | 0 |  | 0 | 0 |  | 4 | 0 | 0 | 0 | 0 |  | 209 |  | 4 |
|  | 1006 | 0 | $ | $0 | $ | 0 | $0 | $ | 31 | $0 | 0 | $0 | 0 | $ | 1037 | $ | 31 |
| **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** |
| Over the counter | 2 | 0 | $ | $0 | $ | 0 | $0 | $ | (1) | $0 | 0 | $0 | 0 | $ | 1 | $ | (1) |
| Totals | 1008 | 0 | $ | $0 | $ | 0 | $0 | $ | 30 | $0 | 0 | $0 | 0 | $ | 1038 | $ | 30 |
| <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 | Ending<br>Balance<br>at 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | Input Value(s)  | Input Value(s)  | Input Value(s)  | Weighted Average | 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** |
| Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | $828 | 828 | &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 | 100.000  | 100.000  | 100.000  |  |  |
| Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg | Luxembourg |
| Common Stocks | Common Stocks | 209 | 209 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | $23.000  | 23.000  | 23.000  |  |  |
| **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** |
| Over the counter | Over the counter | 1 | 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | 0.191  | 0.191  | 0.191  |  |  |
| Total | Total | $1038 | 1038 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

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------

<br> Schedule of Investments PIMCO Global Core Bond (Hedged) Portfolio (Cont.) March 31, 2026 (Unaudited)

<sup>(1)</sup>  Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions.

<sup>(2)</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.

------

Notes to Financial Statements

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

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

**(a) Investment Valuation Policies** The net asset value ("NAV") of the Portfolio's shares, or each of its share classes, as applicable, is determined by dividing the total value of portfolio investments and other assets attributable to the 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, the 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 Portfolio or its agents after the time as of which NAV has been calculated on a particular day will not generally be used to retroactively adjust the price of a security or the NAV determined earlier that day. If regular trading on the NYSE closes earlier than scheduled, the Portfolio may calculate its NAV as of the earlier closing time or calculate its NAV as of the NYSE Close for that day. The 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, the Portfolio may calculate its NAV as of the NYSE Close for such day or such other time that the 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 the 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 Portfolio will normally use pricing data for domestic equity securities received shortly after the NYSE Close and does not normally take into account trading, clearances or settlements that take place after the NYSE Close. A foreign (non-U.S.) equity security traded on a foreign exchange or on more than one exchange is typically valued using pricing information from the exchange considered by Pacific Investment Management Company LLC ("PIMCO") to be the primary exchange. If market value pricing is used, a foreign (non-U.S.) equity security will be valued as of the close of trading on the foreign exchange, or the NYSE Close if the NYSE Close occurs before the end of trading on the foreign exchange.

Investments for which market quotations are not readily available are valued at fair value as determined in good faith pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended (the "Act"). As a general principle, the fair value of a security or other asset is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Pursuant to Rule 2a-5, the Board of Trustees has designated PIMCO as the valuation designee ("Valuation Designee") for the 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 the 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. Open-end management investment companies may include affiliated funds.

If a foreign (non-U.S.) equity security's value has materially changed after the close of the security's primary exchange or principal market but before the NYSE Close, the security may be valued at fair value. Foreign (non-U.S.) equity securities that do not trade when the NYSE is open are also valued at fair value. With respect to foreign (non-U.S.) equity securities, the 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. The 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 the Trust is not open for business, which may result in the 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 the 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 the Trust is not open for business. As a result, to the extent that the 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 the 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 the 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 the 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 the Portfolio may differ from the value that would be realized if the securities were sold. The Portfolio's use of fair valuation may also help to deter "stale price arbitrage" as discussed under the " Frequent or Excessive Purchases, Exchanges and Redemptions " section in the Portfolio's prospectus.

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

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

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Notes to Financial Statements (Cont.)

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

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

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

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

In accordance with the requirements of U.S. GAAP, the amounts of transfers into and out of Level 3, if material, are disclosed in the Notes to Schedule of Investments for the 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 of the Portfolio's assets and liabilities. Additionally, U.S. GAAP requires quantitative information regarding the significant unobservable inputs used in the determination of fair value of assets or liabilities categorized as Level 3 in the fair value hierarchy. In accordance with the requirements of U.S. GAAP, a fair value hierarchy and, if material, a Level 3 reconciliation and details of significant unobservable inputs, have been included in the Notes to Schedule of Investments for the 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 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 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

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Notes to Financial Statements (Cont.)

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.

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.

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

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

**2. FEDERAL INCOME TAX MATTERS**

The 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.

The 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 Portfolio's tax positions for all open tax years. As of March 31, 2026, the Portfolio has recorded no liability for net unrecognized tax benefits relating to uncertain income tax positions it has taken or expects to take in future tax returns.

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

Shares of the Portfolio currently are sold to segregated asset accounts ("Separate Accounts") of insurance companies that fund variable annuity contracts and variable life insurance policies ("Variable Contracts"). Please refer to the prospectus for the Separate Account and Variable Contract for information regarding Federal income tax treatment of distributions to the Separate Account.

**3. INVESTMENTS IN AFFILIATES**

The 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 the Act, rules thereunder or exemptive relief therefrom. The Central Funds are registered investment companies created for use solely by the series of the Trust and other series of registered investment companies advised by the Adviser, in connection with their cash management activities. The main investments of the Central Funds are money market and short maturity fixed income instruments. The Central Funds may incur expenses related to their investment activities, but do not pay Investment Advisory Fees or Supervisory and Administrative Fees to the Adviser. The Central Funds are considered to be affiliated with the Portfolio. 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 Portfolio's website at www.pimco.com, or upon request, as applicable. The table below shows the Portfolio's transactions in and earnings from investments in the affiliated funds for the period ended March 31, 2026 (amounts in thousands<sup>†</sup>):

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

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **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> |
| $266 | $6807 | $(7000) | $0 | $0 | $73 | $8 | $0 |

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<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 | **FAR** | Wells Fargo Bank National Association | **MYC** | Morgan Stanley Bank, N.A. |
| **BOA** | Bank of America N.A. | **GLM** | Goldman Sachs Bank USA | **MYI** | Morgan Stanley & Co. International PLC |
| **BPS** | BNP Paribas S.A. | **GST** | Goldman Sachs International | **NGF** | Nomura Global Financial Products, Inc. |
| **BRC** | Barclays Bank PLC | **IND** | Crédit Agricole Corporate and Investment Bank <br> S.A. | **SCX** | Standard Chartered Bank, London |
| **BSH** | Banco Santander S.A. - New York Branch | **JPM** | JP Morgan Chase Bank N.A. | **SOG** | Societe Generale Paris |
| **BSN** | The Bank of Nova Scotia - Toronto | **JPS** | J.P. Morgan Securities LLC | **SSB** | State Street Bank and Trust Co. |
| **CBK** | Citibank N.A. | **MBC** | HSBC Bank Plc | **UAG** | UBS AG Stamford |
| **DUB** | Deutsche Bank AG |  |  |  |  |
| **Currency Abbreviations:** | **Currency Abbreviations:** |  |  |  |  |
| **AUD** | Australian Dollar | **HKD** | Hong Kong Dollar | **NZD** | New Zealand Dollar |
| **BRL** | Brazilian Real | **IDR** | Indonesian Rupiah | **PEN** | Peruvian New Sol |
| **CAD** | Canadian Dollar | **ILS** | Israeli Shekel | **PLN** | Polish Zloty |
| **CHF** | Swiss Franc | **INR** | Indian Rupee | **RON** | Romanian New Leu |
| **CNH** | Chinese Renminbi (Offshore) | **JPY** | Japanese Yen | **SEK** | Swedish Krona |
| **CNY** | Chinese Renminbi (Mainland) | **KRW** | South Korean Won | **SGD** | Singapore Dollar |
| **COP** | Colombian Peso | **KZT** | Kazakhstani Tenge | **THB** | Thai Baht |
| **CZK** | Czech Koruna | **MXN** | Mexican Peso | **TRY** | Turkish New Lira |
| **DKK** | Danish Krone | **MYR** | Malaysian Ringgit | **TWD** | Taiwanese Dollar |
| **EGP** | Egyptian Pound | **NGN** | Nigerian Naira | **USD (or $)** | United States Dollar |
| **EUR** | Euro | **NOK** | Norwegian Krone | **ZAR** | South African Rand |
| **GBP** | British Pound |  |  |  |  |
| **Exchange Abbreviations:** | **Exchange Abbreviations:** |  |  |  |  |
| **CBOE** | Chicago Board Options Exchange | **EUREX** | Eurex Exchange | **OTC** | Over the Counter |
| **Index/Spread Abbreviations:** | **Index/Spread Abbreviations:** |  |  |  |  |
| **Bobl** | Bundesobligation, the German word for federal government bond | **EUR003M** | 3 Month EUR Swap Rate | **SOFRINDX** | Secured Overnight Financing Rate Index |
| **CAONREPO** | Canadian Overnight Repo Rate Average | **MUTKCALM** | Tokyo Overnight Average Rate | **SONIO** | Sterling Overnight Interbank Average Rate |
| **CDX.IG** | Credit Derivatives Index - Investment <br> Grade | **SIBCSORA** | Singapore Overnight Rate Average | **SRFXON3** | Swiss Overnight Rate Average (6PM) |
| **CNREPOFIX** | China Fixing Repo Rates 7-Day | **SOFR** | Secured Overnight Financing Rate | **THOR** | Thai Overnight Baht Repurchase Rate |
| **CPI** | Consumer Price Index |  |  |  |  |
| **Other Abbreviations:** | **Other Abbreviations:** |  |  |  |  |
| **ABS** | Asset-Backed Security | **KORIBOR** | Korea Interbank Offered Rate | **REMIC** | Real Estate Mortgage Investment Conduit |
| **BBR** | Bank Bill Rate | **MIBOR** | Mumbai Interbank Offered Rate | **STIBOR** | Stockholm Interbank Offered Rate |
| **BBSW** | Bank Bill Swap Reference Rate | **NIBOR** | Norwegian Interbank Offered Rate | **TBA** | To-Be-Announced |
| **BTP** | Buoni del Tesoro Poliennali "Long-term Treasury Bond" | **OAT** | Obligations Assimilables du Trésor | **TBD** | To-Be-Determined |
| **CLO** | Collateralized Loan Obligation | **OIS** | Overnight Index Swap | **WIBOR** | Warsaw Interbank Offered Rate |
| **EURIBOR** | Euro Interbank Offered Rate | **PRIBOR** | Prague Interbank Offered Rate |  |  |

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<br> Schedule of Investments PIMCO Global Diversified Allocation Portfolio 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)** |
|  | SHARES | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN AFFILIATES 95.1%**  |  |  |
| **MUTUAL FUNDS (a) 90.3%**  |  |  |
| **PIMCO Emerging Markets Bond Fund**  | 511205 | 4529 |
| **PIMCO Global Advantage**<sup>®</sup> **Strategy Bond Fund**  | 589962 | 6036 |
| **PIMCO Income Fund**  | 699645 | 7542 |
| **PIMCO International Bond Fund (U.S. Dollar-Hedged)**  | 466811 | 4519 |
| **PIMCO Investment Grade Credit Bond Fund**  | 836491 | 7545 |
| **PIMCO RAE International Fund**  | 767020 | 7632 |
| **PIMCO RAE PLUS EMG Fund**  | 847967 | 7479 |
| **PIMCO RAE PLUS Small Fund**  | 423501 | 7657 |
| **PIMCO Real Return Fund**  | 726017 | 7500 |
| **PIMCO Short-Term Fund**  | 2328875 | 22520 |
| **PIMCO StocksPLUS**<sup>®</sup> **Fund**  | 642545 | 7704 |
| **PIMCO StocksPLUS**<sup>®</sup> **International Fund (U.S. Dollar-Hedged)**  | 804193 | 7487 |
| **PIMCO StocksPLUS**<sup>®</sup> **International Fund (Unhedged)**  | 1143591 | 15061 |
| **PIMCO Total Return Fund IV**  | 2368995 | 22600 |
| Total Mutual Funds (Cost $124,634) |  | 135811 |
| **SHORT-TERM INSTRUMENTS 4.8%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 4.8%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 752551 | 7329 |
| Total Short-Term Instruments (Cost $7,325) |  | 7329 |
| Total Investments in Affiliates (Cost $131,959) |  | 143140 |
| Total Investments 95.1% (Cost $131,959) |  | $143140 |
| **Financial Derivative Instruments (b) 0.8**%(Cost or Premiums, net $673) |  | 1164 |
| Other Assets and Liabilities, net 4.1% |  | 6139 |
| Net Assets 100.0% |  | $150443 |

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<br> Schedule of Investments PIMCO Global Diversified Allocation Portfolio (Cont.) March 31, 2026 (Unaudited)

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| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **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.** |
| **¤** | **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.** |
| **(a)** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** |
| **(b)** | **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** |
| **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** |
| **OPTIONS ON INDEXES** | **OPTIONS ON INDEXES** | **OPTIONS ON INDEXES** | **OPTIONS ON INDEXES** | **OPTIONS ON INDEXES** | **OPTIONS ON INDEXES** | **OPTIONS ON INDEXES** | **OPTIONS ON INDEXES** | **OPTIONS ON INDEXES** | **OPTIONS ON INDEXES** | **OPTIONS ON INDEXES** | **OPTIONS ON INDEXES** |
| Description | Description | Strike<br>Value | Strike<br>Value | Expiration<br>Date |  | # of<br>Contracts | Notional Amount | Cost | Cost |  | Market<br>Value |
| Put - CBOE S&P 500  | Put - CBOE S&P 500  | 4750.000 | 4750.000 | 12/18/2026 |  | 16 | 2 | 114 | 114 | $ | 122 |
| Put - CBOE S&P 500  | Put - CBOE S&P 500  | 5425.000 | 5425.000 | 12/18/2026 |  | 16 | 2 | 200 | 200 |  | 230 |
| Put - CBOE S&P 500  | Put - CBOE S&P 500  | 6100.000 | 6100.000 | 12/18/2026 |  | 16 | 2 | 359 | 359 |  | 438 |
| **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **$** | **673** | **673** | **$** | **790** |
| **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** |
|  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) |  | Asset | Asset | Asset | Liability |
| E-Mini S&P 500 Index June Futures  | 41 | 41 | $13470 | 13470 | 13470 | $(237) | $ | $374 | 374 | 374 | $0 |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **(237)** | **$** | **374** | **374** | **$** | **0** |
| **Cash of $1,149 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $1,149 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $1,149 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $1,149 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $1,149 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $1,149 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $1,149 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $1,149 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $1,149 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $1,149 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $1,149 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $1,149 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments 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** | **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 | 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 |  |
| Mutual Funds | Mutual Funds | $135811 | 135811 | 135811 | $0 | 0 | 0 | 0 | $135811 | 135811 |  |
| 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 | 7329 | 7329 | 7329 | 0 | 0 | 0 | 0 | 7329 | 7329 |  |
| Total Investments | Total Investments | $143140 | 143140 | 143140 | $0 | 0 | 0 | 0 | $143140 | 143140 |  |
| **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 | $374 | 374 | 374 | $790 | 790 | 0 | 0 | $1164 | 1164 |  |
| Total Financial Derivative Instruments | Total Financial Derivative Instruments | $374 | 374 | 374 | $790 | 790 | 0 | 0 | $1164 | 1164 |  |
| Totals | Totals | $143514 | 143514 | 143514 | $790 | 790 | 0 | 0 | $144304 | 144304 |  |
| **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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Notes to Financial Statements

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

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

**(a) Investment Valuation Policies** The net asset value ("NAV") of the Portfolio's shares, or each of its share classes, as applicable, is determined by dividing the total value of portfolio investments and other assets attributable to the 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, the 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 Portfolio or its agents after the time as of which NAV has been calculated on a particular day will not generally be used to retroactively adjust the price of a security or the NAV determined earlier that day. If regular trading on the NYSE closes earlier than scheduled, the Portfolio may calculate its NAV as of the earlier closing time or calculate its NAV as of the NYSE Close for that day. The 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, the Portfolio may calculate its NAV as of the NYSE Close for such day or such other time that the 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 the 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 Portfolio will normally use pricing data for domestic equity securities received shortly after the NYSE Close and does not normally take into account trading, clearances or settlements that take place after the NYSE Close. A foreign (non-U.S.) equity security traded on a foreign exchange or on more than one exchange is typically valued using pricing information from the exchange considered by Pacific Investment Management Company LLC ("PIMCO") to be the primary exchange. If market value pricing is used, a foreign (non-U.S.) equity security will be valued as of the close of trading on the foreign exchange, or the NYSE Close, if the NYSE Close occurs before the end of trading on the foreign exchange.

Investments for which market quotations are not readily available are valued at fair value as determined in good faith pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended (the "Act"). As a general principle, the fair value of a security or other asset is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Pursuant to Rule 2a-5, the Board of Trustees has designated PIMCO as the valuation designee ("Valuation Designee") for the 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 the 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. Open-end management investment companies may include affiliated funds.

If a foreign (non-U.S.) equity security's value has materially changed after the close of the security's primary exchange or principal market but before the NYSE Close, the security may be valued at fair value. Foreign (non-U.S.) equity securities that do not trade when the NYSE is open are also valued at fair value. With respect to foreign (non-U.S.) equity securities, the 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. The 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 the Trust is not open for business, which may result in the 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 the 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 the Trust is not open for business. As a result, to the extent that the 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 the 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. 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 the 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 the 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 the Portfolio may differ from the value that would be realized if the securities were sold. The Portfolio's use of fair valuation may also help to deter "stale price arbitrage" as discussed under the " Frequent or Excessive Purchases, Exchanges and Redemptions " section in the Portfolio's prospectus.

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

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

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Notes to Financial Statements (Cont.)

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

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

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

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

In accordance with the requirements of U.S. GAAP, the amounts of transfers into and out of Level 3, if material, are disclosed in the Notes to Schedule of Investments for the 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 of the Portfolio's assets and liabilities. Additionally, U.S. GAAP requires quantitative information regarding the significant unobservable inputs used in the determination of fair value of assets or liabilities categorized as Level 3 in the fair value hierarchy. In accordance with the requirements of U.S. GAAP, a fair value hierarchy and, if material, a Level 3 reconciliation and details of significant unobservable inputs, have been included in the Notes to Schedule of Investments for the 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 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 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

------

Notes to Financial Statements (Cont.)

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.

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

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

**2. FEDERAL INCOME TAX MATTERS**

The 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.

The 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 Portfolio's tax positions for all open tax years. As of March 31, 2026 the Portfolio has recorded no liability for net unrecognized tax benefits relating to uncertain income tax positions it has taken or expects to take in future tax returns.

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

Shares of the Portfolio currently are sold to segregated asset accounts ("Separate Accounts") of insurance companies that fund variable annuity contracts and variable life insurance policies ("Variable Contracts"). Please refer to the prospectus for the Separate Account and Variable Contract for information regarding Federal income tax treatment of distributions to the Separate Account.

**3. INVESTMENTS IN AFFILIATES** 

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

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Underlying PIMCO Funds** | **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 Emerging Markets Bond Fund | $4903 | $77 | $(325) | $(14) | $(112) | $4529 | $80 | $0 |
| PIMCO Global Advantage<sup>®</sup>Strategy Bond Fund | 6534 | 69 | (415) | 6 | (158) | 6036 | 67 | 0 |
| PIMCO Income Fund | 8161 | 112 | (577) | (34) | (120) | 7542 | 113 | 0 |
| PIMCO International Bond Fund (U.S. Dollar-Hedged) | 4892 | 48 | (299) | (8) | (114) | 4519 | 48 | 0 |
| PIMCO Investment Grade Credit Bond Fund | 8151 | 98 | (547) | (34) | (123) | 7545 | 99 | 0 |
| PIMCO RAE International Fund | 8125 | 0 | (1362) | 229 | 640 | 7632 | 0 | 0 |
| PIMCO RAE PLUS EMG Fund | 8115 | 229 | (1415) | 387 | 163 | 7479 | 51 | 0 |
| PIMCO RAE PLUS Small Fund | 8073 | 116 | (518) | 15 | (29) | 7657 | 55 | 0 |
| PIMCO Real Return Fund | 8147 | 17 | (635) | (19) | (10) | 7500 | 19 | 0 |
| PIMCO Short-Term Floating NAV Portfolio III | 7154 | 17278 | (17100) | 5 | (8) | 7329 | 78 | 0 |
| PIMCO Short-Term Fund | 24496 | 243 | (2193) | (6) | (20) | 22520 | 245 | 0 |
| PIMCO StocksPLUS<sup>®</sup>Fund | 8077 | 184 | (101) | (5) | (451) | 7704 | 81 | 0 |
| PIMCO StocksPLUS<sup>®</sup>International Fund (U.S. Dollar-Hedged) | 8108 | 86 | (703) | 212 | (216) | 7487 | 0 | 0 |

---

------

Notes to Financial Statements (Cont.)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| PIMCO StocksPLUS<sup>®</sup>International Fund (Unhedged) | 16221 | 743 | (1517) | 117 | (503) | 15061 | 126 | 0 |
| PIMCO Total Return Fund IV | 24442 | 246 | (1765) | (93) | (230) | 22600 | 243 | 0 |
| **Totals** | $**153599** | $**19546** | $**(29472)** | $**758** | $**(1291)** | $**143140** | $**1305** | $**0** |

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<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 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)** | (Unaudited) |
| **Currency Abbreviations:** | **Currency Abbreviations:** |  |
| **USD (or $)** | United States Dollar |  |
| **Exchange Abbreviations:** | **Exchange Abbreviations:** |  |
| **CBOE** | Chicago Board Options Exchange |  |
| **Index/Spread Abbreviations:** | **Index/Spread Abbreviations:** |  |
| **S&P 500** | Standard & Poor's 500 Index |  |
| **Other Abbreviations:** | **Other Abbreviations:** |  |
| **TBA** | To-Be-Announced |  |

---

------

<br> Consolidated Schedule of Investments PIMCO Global Managed Asset Allocation Portfolio 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 51.1% ¤** |  |  |
| **CORPORATE BONDS & NOTES 0.2%**  |  |  |
| **BANKING & FINANCE 0.0%**  |  |  |
| **Kaisa Group Holdings Ltd.** <br>5.000% due 11/30/2027 | $9 | $1 |
| **Kaisa Group Holdings Ltd. (5.250% Cash or 6.250% PIK)** <br>5.250% due 12/28/2028 (a) | 67 | 1 |
| **Kaisa Group Holdings Ltd. (5.500% Cash or 6.500% PIK)** <br>5.500% due 12/28/2029 (a) | 113 | 0 |
| **Kaisa Group Holdings Ltd. (5.750% Cash or 6.750% PIK)** <br>5.750% due 12/28/2030 (a) | 136 | 0 |
| **Kaisa Group Holdings Ltd. (6.000% Cash or 7.000% PIK)** <br>6.000% due 12/28/2031 (a) | 205 | 1 |
| **Kaisa Group Holdings Ltd. (6.721% Cash or 7.721% PIK)** <br>6.721% due 12/28/2027 (a) | 46 | 0 |
|  |  | 3 |
| **INDUSTRIALS 0.2%**  |  |  |
| **Claritev Corp. (6.500% Cash and 0.750% PIK)** <br>7.250% due 03/31/2031 (a) | 913 | 593 |
| Total Corporate Bonds & Notes (Cost $933) |  | 596 |
| **CONVERTIBLE BONDS & NOTES 0.0%**  |  |  |
| **BANKING & FINANCE 0.0%**  |  |  |
| **Kaisa Group Holdings Ltd.**  |  |  |
| 0.000% due 12/31/2026 (d)  | 40 | 0 |
| 0.000% due 12/31/2027 (d)  | 50 | 0 |
| 0.000% due 12/31/2028 (d)  | 80 | 0 |
| 0.000% due 12/31/2029 (d)  | 80 | 0 |
| 0.000% due 12/31/2030 (d)  | 100 | 0 |
| 0.000% due 12/31/2031 (d)  | 100 | 0 |
| 0.000% due 12/31/2032 (d)  | 189 | 1 |
| Total Convertible Bonds & Notes (Cost $34) |  | 1 |
| **U.S. GOVERNMENT AGENCIES 17.1%**  |  |  |
| **Federal Home Loan Mortgage Corp. REMICS**  |  |  |
| 4.581% due 04/15/2049 - 12/15/2050 •  | 386 | 387 |
| 4.612% due 04/25/2055 •  | 1011 | 1018 |
| **Federal National Mortgage Association REMICS**  |  |  |
| 4.481% due 01/25/2051 •  | 237 | 238 |
| 4.632% due 08/25/2054 •  | 43 | 44 |
| **Government National Mortgage Association REMICS**  |  |  |
| 4.323% due 05/20/2074 •  | 91 | 91 |
| 4.433% due 02/20/2070 •  | 12 | 12 |
| 4.523% due 05/20/2074 •  | 172 | 174 |
| 4.573% due 09/20/2071 •  | 2375 | 2392 |
| 4.927% due 08/20/2068 •  | 472 | 475 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 3.000% due 06/01/2040 | 5100 | 4473 |
| 3.500% due 06/01/2056 | 4000 | 3659 |
| 4.500% due 05/01/2056 | 2050 | 1976 |
| 5.000% due 05/01/2056 | 20790 | 20480 |
| 5.500% due 05/01/2056 | 300 | 301 |
| 6.500% due 05/01/2056 | 11200 | 11578 |
| Total U.S. Government Agencies (Cost $47,461) |  | 47298 |
| **U.S. TREASURY OBLIGATIONS 5.7%**  |  |  |
| **U.S. Treasury Bonds**  |  |  |
| 1.375% due 11/15/2040 (j)(l) | 9500 | 6122 |
| 4.000% due 11/15/2042 (l) | 990 | 896 |
| 4.000% due 11/15/2052 (j)(l) | 740 | 636 |
| 4.625% due 02/15/2055 (l) | 750 | 716 |
| **U.S. Treasury Inflation Protected Securities (f)** |  |  |
| 1.500% due 02/15/2053 (l) | 875 | 672 |
| 1.750% due 01/15/2034 (j)(l) | 1481 | 1475 |
| 2.125% due 04/15/2029 (j)(l) | 3575 | 3671 |
| **U.S. Treasury Notes**  |  |  |
| 4.625% due 02/15/2035 (l) | 1470 | 1509 |

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<br> Consolidated Schedule of Investments PIMCO Global Managed Asset Allocation Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total U.S. Treasury Obligations (Cost $19,171) |  | 15697 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 2.6%**  |  |  |
| **Alliance Bancorp Trust** <br>4.273% due 07/25/2037 •  | 231 | 208 |
| **Bear Stearns ARM Trust**  |  |  |
| 4.203% due 07/25/2036 ~  | 51 | 44 |
| 4.335% due 02/25/2036 ~  | 12 | 11 |
| **CHL Mortgage Pass-Through Trust** <br>6.000% due 04/25/2036 | 208 | 99 |
| **Countrywide Alternative Loan Trust**  |  |  |
| 4.093% due 07/25/2035 •  | 302 | 223 |
| 4.113% due 09/25/2047 •  | 77 | 72 |
| **Impac CMB Trust**  |  |  |
| 4.413% due 04/25/2035 •  | 50 | 49 |
| 4.438% due 04/25/2035 •  | 64 | 63 |
| **RALI Trust**  |  |  |
| 4.153% due 06/25/2046 •  | 223 | 45 |
| 6.000% due 12/25/2036  | 57 | 47 |
| **Residential Asset Securitization Trust** <br>4.193% due 05/25/2035 •  | 310 | 178 |
| **Towd Point Mortgage Trust** <br>4.057% due 04/25/2055 ~ | 5000 | 4882 |
| **WaMu Mortgage Pass-Through Certificates Trust** <br>4.453% due 01/25/2045 •  | 1230 | 1261 |
| Total Non-Agency Mortgage-Backed Securities (Cost $7,400) |  | 7182 |
| **ASSET-BACKED SECURITIES 6.2%**  |  |  |
| **AUTOMOBILE SEQUENTIAL 0.6%**  |  |  |
| **CarMax Auto Owner Trust**  |  |  |
| 4.750% due 10/15/2027  | 26 | 26 |
| 5.340% due 08/16/2027  | 67 | 67 |
| **Carvana Auto Receivables Trust**  |  |  |
| 4.850% due 06/12/2028  | 710 | 713 |
| 5.330% due 07/10/2029  | 132 | 133 |
| **Flagship Credit Auto Trust** <br>5.640% due 03/15/2028 | 26 | 26 |
| **Ford Credit Auto Owner Trust** <br>4.650% due 02/15/2028 | 92 | 92 |
| **OneMain Direct Auto Receivables Trust** <br>5.410% due 11/14/2029 | 302 | 304 |
| **Oscar U.S. Funding XV LLC** <br>5.810% due 12/10/2027 | 151 | 151 |
| **SCCU Auto Receivables Trust** <br>5.700% due 10/16/2028 | 81 | 81 |
|  |  | 1593 |
| **HOME EQUITY OTHER 2.5%**  |  |  |
| **Aames Mortgage Investment Trust** <br>4.273% due 04/25/2036 •  | 67 | 64 |
| **ACE Securities Corp. Home Equity Loan Trust**  |  |  |
| 4.273% due 06/25/2036 •  | 133 | 99 |
| 4.693% due 08/25/2035 •  | 87 | 88 |
| **Argent Mortgage Loan Trust** <br>4.273% due 05/25/2035 •  | 355 | 328 |
| **Argent Securities Trust** <br>4.093% due 07/25/2036 •  | 274 | 251 |
| **Asset-Backed Securities Corp. Home Equity Loan Trust** <br>2.880% due 03/25/2036 •  | 1140 | 1129 |
| **Countrywide Asset-Backed Certificates** <br>4.293% due 03/25/2037 •  | 200 | 199 |
| **Countrywide Asset-Backed Certificates Trust** <br>4.073% due 05/25/2035 •  | 154 | 150 |
| **First NLC Trust** <br>4.573% due 02/25/2036 •  | 141 | 140 |
| **Fremont Home Loan Trust**  |  |  |
| 4.063% due 10/25/2036 •  | 517 | 480 |
| 4.093% due 10/25/2036 •  | 1819 | 718 |
| **GSAMP Trust** <br>4.493% due 05/25/2046 •  | 2216 | 2134 |
| **Long Beach Mortgage Loan Trust** <br>4.393% due 01/25/2036 •  | 921 | 845 |
| **Popular ABS Mortgage Pass-Through Trust** <br>4.288% due 07/25/2036 •  | 85 | 81 |
| **Structured Asset Securities Corp. Mortgage Loan Trust**  |  |  |
| 4.363% due 10/25/2036 •  | 46 | 46 |

---

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<br> Consolidated Schedule of Investments PIMCO Global Managed Asset Allocation Portfolio (Cont.) March 31, 2026 (Unaudited)

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| | | | |
|:---|:---|:---|:---|
| 4.588% due 02/25/2036 •  |  | 100 | 99 |
|  |  |  | 6851 |
| **HOME EQUITY SEQUENTIAL 1.6%**  |  |  |  |
| **JP Morgan Mortgage Acquisition Trust** <br>4.366% due 11/25/2036 þ |  | 4677 | 4606 |
| **MANUFACTURING HOUSE ABS OTHER 0.2%**  |  |  |  |
| **Lehman ABS Manufactured Housing Contract Trust** <br>7.170% due 04/15/2040 ~ |  | 484 | 462 |
| **WHOLE LOAN COLLATERAL 0.6%**  |  |  |  |
| **Citigroup Mortgage Loan Trust, Inc.** <br>4.228% due 11/25/2036 •  |  | 32 | 32 |
| **First Franklin Mortgage Loan Trust** <br>4.498% due 11/25/2036 •  |  | 917 | 901 |
| **IndyMac INDB Mortgage Loan Trust** <br>3.933% due 07/25/2036 •  |  | 773 | 241 |
| **Lehman XS Trust**  |  |  |  |
| 4.113% due 05/25/2036 •  |  | 364 | 325 |
| 4.743% due 06/25/2036 þ  |  | 305 | 298 |
|  |  |  | 1797 |
| **OTHER ABS 0.7%**  |  |  |  |
| **522 Funding CLO Ltd.** <br>4.969% due 10/20/2031 •  |  | 7 | 7 |
| **Gallatin CLO VIII Ltd.** <br>5.024% due 07/15/2031 •  |  | 186 | 186 |
| **Navient Private Education Refi Loan Trust**  |  |  |  |
| 2.600% due 08/15/2068  |  | 452 | 438 |
| 5.387% due 11/15/2068 •  |  | 126 | 127 |
| **OZLM XXIV Ltd.** <br>5.089% due 07/20/2032 •  |  | 103 | 103 |
| **SMB Private Education Loan Trust**  |  |  |  |
| 1.290% due 07/15/2053  |  | 188 | 179 |
| 5.472% due 10/16/2056 •  |  | 478 | 488 |
| **Sound Point CLO IX Ltd.** <br>5.139% due 07/20/2032 •  |  | 303 | 303 |
| **TCI-Symphony CLO Ltd.** <br>4.933% due 10/13/2032 •  |  | 117 | 117 |
|  |  |  | 1948 |
| Total Asset-Backed Securities (Cost $17,484) |  |  | 17257 |
| **SOVEREIGN ISSUES 15.5%**  |  |  |  |
| **Brazil Letras do Tesouro Nacional**  |  |  |  |
| 0.000% due 07/01/2026 (d)  | BRL | 25100 | 4693 |
| 0.000% due 10/01/2026 (d)  |  | 40800 | 7379 |
| **Canada Government Bonds** <br>3.250% due 09/01/2028 | CAD | 7100 | 5148 |
| **Colombia TES**  |  |  |  |
| 2.250% due 04/18/2029 (f)  | COP | 243162 | 57 |
| 3.000% due 03/25/2033 (f)  |  | 40527 | 9 |
| 5.750% due 11/03/2027  |  | 8095000 | 1959 |
| 6.500% due 01/22/2031 (f)  |  | 494836 | 129 |
| 11.000% due 08/22/2029  |  | 13011600 | 3281 |
| 11.500% due 07/25/2046  |  | 250000 | 60 |
| 11.750% due 01/24/2035  |  | 3481600 | 863 |
| 12.750% due 11/28/2040  |  | 13792400 | 3656 |
| 13.250% due 02/09/2033  |  | 2766000 | 742 |
| **Japan Government Thirty Year Bonds**  |  |  |  |
| 2.400% due 03/20/2055  | JPY | 520000 | 2542 |
| 2.800% due 06/20/2055  |  | 270000 | 1442 |
| **Mexico Bonos** <br>8.500% due 03/01/2029 | MXN | 45000 | 2518 |
| **Peru Government Bonds** <br>7.300% due 08/12/2033 | PEN | 5800 | 1826 |
| **Peru Government International Bonds** <br>5.400% due 08/12/2034 |  | 4000 | 1092 |

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<br> Consolidated Schedule of Investments PIMCO Global Managed Asset Allocation Portfolio (Cont.) March 31, 2026 (Unaudited)

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| | | |
|:---|:---|:---|
| **Republic of South Africa Government Bonds** <br>8.875% due 02/28/2035 | 93000 | 5401 |
| Total Sovereign Issues (Cost $43,536) |  | 42797 |
|  | SHARES |  |
| **COMMON STOCKS 2.5%**  |  |  |
| **COMMUNICATION SERVICES 0.3%**  |  |  |
| **Warner Bros Discovery, Inc. (b)** | 27400 | 753 |
| **CONSUMER DISCRETIONARY 0.1%**  |  |  |
| **Udemy, Inc. (b)** | 32000 | 148 |
| **CONSUMER STAPLES 0.3%**  |  |  |
| **Calavo Growers, Inc.** | 4100 | 106 |
| **Kenvue, Inc.** | 47600 | 820 |
|  |  | 926 |
| **FINANCIALS 0.2%**  |  |  |
| **Brighthouse Financial, Inc. (b)** | 5700 | 341 |
| **Heritage Commerce Corp.** | 7900 | 99 |
| **Laurentian Bank of Canada** | 4131 | 120 |
|  |  | 560 |
| **HEALTH CARE 0.1%**  |  |  |
| **Amicus Therapeutics, Inc. (b)** | 28100 | 406 |
| **INDUSTRIALS 0.7%**  |  |  |
| **CSG Systems International, Inc.** | 4500 | 360 |
| **Norfolk Southern Corp.** | 2145 | 615 |
| **Qube Holdings Ltd.** | 98691 | 333 |
| **Sun Country Airlines Holdings, Inc. (b)** | 12700 | 210 |
| **UniFirst Corp.** | 1200 | 302 |
|  |  | 1820 |
| **INFORMATION TECHNOLOGY 0.4%**  |  |  |
| **Qorvo, Inc. (b)** | 6600 | 511 |
| **SEMrush Holdings, Inc. Class A (b)(h)** | 16800 | 200 |
| **Silicon Laboratories, Inc. (b)** | 2300 | 479 |
|  |  | 1190 |
| **MATERIALS 0.1%**  |  |  |
| **Allied Gold Corp. (b)** | 8254 | 256 |
| **REAL ESTATE 0.0%**  |  |  |
| **Kaisa Group Holdings Ltd. (b)** | 595480 | 7 |
| **UTILITIES 0.3%**  |  |  |
| **AES Corp.** | 54000 | 761 |
| Total Common Stocks (Cost $7,022) |  | 6827 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **SHORT-TERM INSTRUMENTS 1.3%**  |  |  |
| **TURKEY TREASURY BILLS 0.0%**  |  |  |
| 38.754% due 04/07/2026 (d)(e) | 1000 | 22 |
| **U.S. TREASURY BILLS 1.3%**  |  |  |
| 3.702% due 04/14/2026 - 07/28/2026 (c)(d)(l) | $3562 | 3534 |

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<br> Consolidated Schedule of Investments PIMCO Global Managed Asset Allocation Portfolio (Cont.) March 31, 2026 (Unaudited)

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| | | |
|:---|:---|:---|
| Total Short-Term Instruments (Cost $3,557) |  | 3557 |
| Total Investments in Securities (Cost $146,598) |  | 141212 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 65.6%**  |  |  |
| **MUTUAL FUNDS (g) 42.8%**  |  |  |
| **PIMCO Income Fund**  | 2726906 | 29396 |
| **PIMCO Total Return Fund**  | 10153148 | 88739 |
| Total Mutual Funds (Cost $116,236) |  | 118135 |
| **SHORT-TERM INSTRUMENTS 22.8%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 22.8%**  |  |  |
| **PIMCO Short Asset Portfolio**  | 4706278 | 46191 |
| **PIMCO Short-Term Floating NAV Portfolio III** | 1737815 | 16925 |
| Total Short-Term Instruments (Cost $62,534) |  | 63116 |
| Total Investments in Affiliates (Cost $178,770) |  | 181251 |
| Total Investments 116.7% (Cost $325,368) |  | $322463 |
| **Financial Derivative Instruments (i)(k) 2.1**%(Cost or Premiums, net $4,506) |  | 5824 |
| Other Assets and Liabilities, net (18.8)% |  | (51964) |
| Net Assets 100.0% |  | $276323 |

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<br> Consolidated Schedule of Investments PIMCO Global Managed Asset Allocation Portfolio (Cont.) March 31, 2026 (Unaudited)

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| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED 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.** |
| **¤** | **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.** |
| **~** | **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.** |
| **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.** |
| **(a)** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** |
| **(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.** | **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)** | **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.** |
| **(d)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(e)** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** |
| **(f)** | **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.** |
| **(g)** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** | **Institutional Class Shares of each Fund.** |
| **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** |
| **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 | Maturity<br>Date | Maturity<br>Date | Principal<br>Amount | Proceeds | Proceeds | Payable for<br>Short Sales |
| U.S. Government Agencies (5.5)% | U.S. Government Agencies (5.5)% | U.S. Government Agencies (5.5)% | U.S. Government Agencies (5.5)% | U.S. Government Agencies (5.5)% | U.S. Government Agencies (5.5)% | U.S. Government Agencies (5.5)% | U.S. Government Agencies (5.5)% | U.S. Government Agencies (5.5)% | U.S. Government Agencies (5.5)% | U.S. Government Agencies (5.5)% |
| &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  | 04/01/2041 | 04/01/2041 | 3500 | $(3248) | (3248) | $(3220) |
| &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  | 05/01/2056 | 05/01/2056 | 13800 | (11055) | (11055) | (11113) |
| &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 | 900 | (913) | (913) | (916) |
| **Total Short Sales (5.5)%** | **Total Short Sales (5.5)%** | **Total Short Sales (5.5)%** | **Total Short Sales (5.5)%** | **Total Short Sales (5.5)%** |  |  |  | $**(15216)** | **(15216)** | $**(15249)** |
| **(h)** | **Securities with an aggregate market value of $7 have been pledged as collateral as of March 31, 2026 for equity short sales and equity options as governed by prime brokerage agreements and agreements governing listed equity option transactions.** | **Securities with an aggregate market value of $7 have been pledged as collateral as of March 31, 2026 for equity short sales and equity options as governed by prime brokerage agreements and agreements governing listed equity option transactions.** | **Securities with an aggregate market value of $7 have been pledged as collateral as of March 31, 2026 for equity short sales and equity options as governed by prime brokerage agreements and agreements governing listed equity option transactions.** | **Securities with an aggregate market value of $7 have been pledged as collateral as of March 31, 2026 for equity short sales and equity options as governed by prime brokerage agreements and agreements governing listed equity option transactions.** | **Securities with an aggregate market value of $7 have been pledged as collateral as of March 31, 2026 for equity short sales and equity options as governed by prime brokerage agreements and agreements governing listed equity option transactions.** | **Securities with an aggregate market value of $7 have been pledged as collateral as of March 31, 2026 for equity short sales and equity options as governed by prime brokerage agreements and agreements governing listed equity option transactions.** | **Securities with an aggregate market value of $7 have been pledged as collateral as of March 31, 2026 for equity short sales and equity options as governed by prime brokerage agreements and agreements governing listed equity option transactions.** | **Securities with an aggregate market value of $7 have been pledged as collateral as of March 31, 2026 for equity short sales and equity options as governed by prime brokerage agreements and agreements governing listed equity option transactions.** | **Securities with an aggregate market value of $7 have been pledged as collateral as of March 31, 2026 for equity short sales and equity options as governed by prime brokerage agreements and agreements governing listed equity option transactions.** | **Securities with an aggregate market value of $7 have been pledged as collateral as of March 31, 2026 for equity short sales and equity options as governed by prime brokerage agreements and agreements governing listed equity option transactions.** |
| **(i)** | **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:** |
| **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><sup>(6)</sup> | <u>Variation Margin</u><sup>(6)</sup> | <u>Variation Margin</u><sup>(6)</sup> |
| Description | Description | Expiration<br>Month | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset |  | Liability |
| 3-Month EURIBOR December Futures  | 3-Month EURIBOR December Futures  | 12/2026 | 50 | $14041 | 14041 | $(56) | (56) | 0 | $ | 0 |
| Arabica Coffee September Futures  | Arabica Coffee September Futures  | 09/2026 | 1 | 104 | 104 | 0 | 0 | 0 |  | 0 |
| Brent Crude December Futures  | Brent Crude December Futures  | 10/2026 | 3 | 239 | 239 | 11 | 11 | 0 |  | (13) |
| Canada Government 5-Year Bond June Futures  | Canada Government 5-Year Bond June Futures  | 06/2026 | 15 | 1224 | 1224 | (17) | (17) | 3 |  | 0 |
| Cocoa July Futures  | Cocoa July Futures  | 07/2026 | 4 | 135 | 135 | 3 | 3 | 5 |  | 0 |
| Euro-BTP Future June Futures  | Euro-BTP Future June Futures  | 06/2026 | 38 | 5107 | 5107 | (218) | (218) | 62 |  | 0 |
| Gas Oil September Futures  | Gas Oil September Futures  | 09/2026 | 3 | 279 | 279 | 91 | 91 | 0 |  | (5) |
| Live Cattle June Futures  | Live Cattle June Futures  | 06/2026 | 6 | 584 | 584 | 18 | 18 | 7 |  | 0 |
| LME Aluminum July Futures  | LME Aluminum July Futures  | 07/2026 | 7 | 604 | 604 | 16 | 16 | 16 |  | 0 |
| LME Aluminum May Futures  | LME Aluminum May Futures  | 05/2026 | 8 | 701 | 701 | 59 | 59 | 0 |  | 0 |
| LME Lead Futures May Futures  | LME Lead Futures May Futures  | 05/2026 | 12 | 565 | 565 | (9) | (9) | 0 |  | 0 |
| LME Nickel May Futures  | LME Nickel May Futures  | 05/2026 | 2 | 204 | 204 | (3) | (3) | 0 |  | 0 |
| LME Zinc July Futures  | LME Zinc July Futures  | 07/2026 | 8 | 647 | 647 | 0 | 0 | 5 |  | (4) |
| LME Zinc May Futures  | LME Zinc May Futures  | 05/2026 | 7 | 567 | 567 | (9) | (9) | 0 |  | 0 |
| Long Guilt June Futures  | Long Guilt June Futures  | 06/2026 | 56 | 6507 | 6507 | (372) | (372) | 49 |  | 0 |
| Natural Gas May Futures  | Natural Gas May Futures  | 04/2026 | 3 | 87 | 87 | (1) | (1) | 0 |  | (1) |
| New York Harbor September Futures  | New York Harbor September Futures  | 08/2026 | 2 | 266 | 266 | 78 | 78 | 0 |  | (9) |
| RBOB Gasoline September Futures  | RBOB Gasoline September Futures  | 08/2026 | 4 | 445 | 445 | 108 | 108 | 0 |  | (15) |
| Silver July Futures  | Silver July Futures  | 07/2026 | 1 | 377 | 377 | 9 | 9 | 10 |  | 0 |
| Soybean July Futures  | Soybean July Futures  | 07/2026 | 8 | 474 | 474 | (1) | (1) | 4 |  | 0 |
| Soybean Meal December Futures  | Soybean Meal December Futures  | 12/2026 | 9 | 280 | 280 | 0 | 0 | 2 |  | 0 |
| Soybean Meal July Futures  | Soybean Meal July Futures  | 07/2026 | 28 | 880 | 880 | (4) | (4) | 4 |  | 0 |
| Soybean Meal May Futures  | Soybean Meal May Futures  | 05/2026 | 3 | 95 | 95 | 5 | 5 | 0 |  | 0 |
| Soybean November Futures  | Soybean November Futures  | 11/2026 | 12 | 695 | 695 | 14 | 14 | 8 |  | 0 |

---

------

<br> Consolidated Schedule of Investments PIMCO Global Managed Asset Allocation Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Soybean Oil July December Futures  | Soybean Oil July December Futures  | Soybean Oil July December Futures  | 12/2026 | 12/2026 | 6 |  | 235 | 14 | 14 | 1 | 1 | 1 | 0 |
| 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 | 107 |  | 11882 | (243) | (243) | 25 | 25 | 25 | 0 |
| 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 | 47 |  | 5352 | (175) | (175) | 18 | 18 | 18 | 0 |
| U.S. Treasury Ultra Long-Term Bond June Futures  | U.S. Treasury Ultra Long-Term Bond June Futures  | U.S. Treasury Ultra Long-Term Bond June Futures  | 06/2026 | 06/2026 | 2 |  | 233 | (7) | (7) | 0 | 0 | 0 | 0 |
| WTI Crude September Futures  | WTI Crude September Futures  | WTI Crude September Futures  | 08/2026 | 08/2026 | 3 |  | 234 | 41 | 41 | 0 | 0 | 0 | (14) |
|  |  |  |  |  |  |  |  | (648) | $ | 219 | 219 | $ | (61) |
| **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><sup>(6)</sup> | <u>Variation Margin</u><sup>(6)</sup> | <u>Variation Margin</u><sup>(6)</sup> | <u>Variation Margin</u><sup>(6)</sup> |
| 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 |
| Australia Government 3-Year Bond June Futures  | Australia Government 3-Year Bond June Futures  | Australia Government 3-Year Bond June Futures  | 06/2026 | 06/2026 | 72 | $ | (5149) | 20 | 20 | 0 | 0 | 0 | (23) |
| Australia Government 10-Year Bond June Futures  | Australia Government 10-Year Bond June Futures  | Australia Government 10-Year Bond June Futures  | 06/2026 | 06/2026 | 142 |  | (10557) | 72 | 72 | 0 | 0 | 0 | (99) |
| Canada Government 10-Year Bond June Futures  | Canada Government 10-Year Bond June Futures  | Canada Government 10-Year Bond June Futures  | 06/2026 | 06/2026 | 6 |  | (518) | 10 | 10 | 0 | 0 | 0 | (2) |
| 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  | 07/2026 | 07/2026 | 40 |  | (937) | (6) | (6) | 0 | 0 | 0 | (2) |
| Corn September Futures  | Corn September Futures  | Corn September Futures  | 09/2026 | 09/2026 | 25 |  | (588) | (27) | (27) | 0 | 0 | 0 | 0 |
| Cotton No. 2 December Futures  | Cotton No. 2 December Futures  | Cotton No. 2 December Futures  | 12/2026 | 12/2026 | 15 |  | (558) | (39) | (39) | 2 | 2 | 2 | 0 |
| Cotton No. 2 July Futures  | Cotton No. 2 July Futures  | Cotton No. 2 July Futures  | 07/2026 | 07/2026 | 5 |  | (180) | (7) | (7) | 1 | 1 | 1 | 0 |
| Euro-Bobl June Futures  | Euro-Bobl June Futures  | Euro-Bobl June Futures  | 06/2026 | 06/2026 | 82 |  | (10940) | 205 | 205 | 0 | 0 | 0 | (44) |
| Euro-Bund June Futures  | Euro-Bund June Futures  | Euro-Bund June Futures  | 06/2026 | 06/2026 | 9 |  | (1304) | 33 | 33 | 0 | 0 | 0 | (9) |
| 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 | 15 |  | (1912) | 23 | 23 | 0 | 0 | 0 | (35) |
| Euro-Oat June Futures  | Euro-Oat June Futures  | Euro-Oat June Futures  | 06/2026 | 06/2026 | 72 |  | (9878) | 313 | 313 | 0 | 0 | 0 | (92) |
| Euro-Schatz June Futures  | Euro-Schatz June Futures  | Euro-Schatz June Futures  | 06/2026 | 06/2026 | 22 |  | (2689) | 24 | 24 | 0 | 0 | 0 | (4) |
| Hard Red Winter Wheat July Futures  | Hard Red Winter Wheat July Futures  | Hard Red Winter Wheat July Futures  | 07/2026 | 07/2026 | 6 |  | (195) | (8) | (8) | 0 | 0 | 0 | (2) |
| Hard Red Winter Wheat September Futures  | Hard Red Winter Wheat September Futures  | Hard Red Winter Wheat September Futures  | 09/2026 | 09/2026 | 3 |  | (99) | (8) | (8) | 0 | 0 | 0 | (1) |
| Iron Ore July Futures  | Iron Ore July Futures  | Iron Ore July Futures  | 07/2026 | 07/2026 | 4 |  | (42) | 1 | 1 | 0 | 0 | 0 | 0 |
| Iron Ore May Futures  | Iron Ore May Futures  | Iron Ore May Futures  | 05/2026 | 05/2026 | 5 |  | (53) | (4) | (4) | 1 | 1 | 1 | 0 |
| 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 | 26 |  | (21348) | 247 | 247 | 5 | 5 | 5 | (46) |
| Lean Hogs June Futures  | Lean Hogs June Futures  | Lean Hogs June Futures  | 06/2026 | 06/2026 | 8 |  | (336) | 11 | 11 | 3 | 3 | 3 | 0 |
| LME Aluminum May Futures  | LME Aluminum May Futures  | LME Aluminum May Futures  | 05/2026 | 05/2026 | 8 |  | (701) | (43) | (43) | 0 | 0 | 0 | 0 |
| LME Lead Futures July Futures  | LME Lead Futures July Futures  | LME Lead Futures July Futures  | 07/2026 | 07/2026 | 8 |  | (382) | 7 | 7 | 7 | 7 | 7 | 0 |
| LME Lead Futures May Futures  | LME Lead Futures May Futures  | LME Lead Futures May Futures  | 05/2026 | 05/2026 | 12 |  | (565) | 47 | 47 | 0 | 0 | 0 | 0 |
| LME Nickel July Futures  | LME Nickel July Futures  | LME Nickel July Futures  | 07/2026 | 07/2026 | 1 |  | (103) | 3 | 3 | 3 | 3 | 3 | 0 |
| LME Nickel May Futures  | LME Nickel May Futures  | LME Nickel May Futures  | 05/2026 | 05/2026 | 2 |  | (204) | 8 | 8 | 0 | 0 | 0 | 0 |
| LME Zinc July Futures  | LME Zinc July Futures  | LME Zinc July Futures  | 07/2026 | 07/2026 | 1 |  | (81) | 0 | 0 | 0 | 0 | 0 | 0 |
| LME Zinc May Futures  | LME Zinc May Futures  | LME Zinc May Futures  | 05/2026 | 05/2026 | 7 |  | (567) | 2 | 2 | 0 | 0 | 0 | 0 |
| Natural Gas July Futures  | Natural Gas July Futures  | Natural Gas July Futures  | 06/2026 | 06/2026 | 17 |  | (550) | 28 | 28 | 10 | 10 | 10 | 0 |
| Natural Gas September Futures  | Natural Gas September Futures  | Natural Gas September Futures  | 08/2026 | 08/2026 | 6 |  | (197) | 9 | 9 | 4 | 4 | 4 | 0 |
| Soybean Oil July Futures  | Soybean Oil July Futures  | Soybean Oil July Futures  | 07/2026 | 07/2026 | 2 |  | (83) | (5) | (5) | 0 | 0 | 0 | (1) |
| Sugar No. 11 October Futures  | Sugar No. 11 October Futures  | Sugar No. 11 October Futures  | 09/2026 | 09/2026 | 31 |  | (557) | (68) | (68) | 4 | 4 | 4 | 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  | 06/2026 | 06/2026 | 22 |  | (4564) | 32 | 32 | 0 | 0 | 0 | (2) |
| 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 | 225 |  | (24340) | 353 | 353 | 0 | 0 | 0 | (32) |
| 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 | 40 |  | (4541) | 104 | 104 | 0 | 0 | 0 | (12) |
| Wheat July Futures  | Wheat July Futures  | Wheat July Futures  | 07/2026 | 07/2026 | 12 |  | (376) | (13) | (13) | 0 | 0 | 0 | (4) |
| Wheat September Futures  | Wheat September Futures  | Wheat September Futures  | 09/2026 | 09/2026 | 4 |  | (128) | (8) | (8) | 0 | 0 | 0 | (1) |
| White Sugar August Futures  | White Sugar August Futures  | White Sugar August Futures  | 07/2026 | 07/2026 | 1 |  | (23) | (2) | (2) | 0 | 0 | 0 | 0 |
|  |  |  |  |  |  |  |  | 1311 | $ | 40 | 40 | $ | (415) |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **663** | **$** | **259** | **259** | **$** | **(476)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u><sup>(6)</sup> | <u>Variation Margin</u><sup>(6)</sup> | <u>Variation Margin</u><sup>(6)</sup> | <u>Variation Margin</u><sup>(6)</sup> |
| Index/Tranches | Fixed <br>(Pay) Rate | Payment<br>Frequency | Maturity<br>Date |  | Notional<br>Amount<sup>(3)</sup> | Notional<br>Amount<sup>(3)</sup> | Premiums<br>Paid/<br>(Received) | Market<br>Value<sup>(4)</sup> | Market<br>Value<sup>(4)</sup> | Market<br>Value<sup>(4)</sup> | Asset | Asset | Liability |
| CDX.IG-45 10-Year Index  | (1.000)% | Quarterly | 12/20/2035 | $ | $1700 | 1700 | $(13) | $(3) | (3) | (3) | $0 | 0 | $(6) |
| CDX.IG-46 10-Year Index  | (1.000) | Quarterly | 06/20/2036 |  | 3500 | 3500 | 5 | (1) | (1) | (1) | 0 | 0 | (12) |
| CDX.iTraxx Crossover 44 5-Year Index  | (5.000) | Quarterly | 12/20/2030 | EUR | 80 | 80 | (10) | (7) | (7) | (7) | 0 | 0 | 0 |
|  |  |  |  |  |  |  | $(18) | $(11) | (11) | (11) | $0 | 0 | $(18) |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u><sup>(6)</sup> | <u>Variation Margin</u><sup>(6)</sup> | <u>Variation Margin</u><sup>(6)</sup> | <u>Variation Margin</u><sup>(6)</sup> |
| Index/Tranches | Fixed <br>Receive Rate | Payment<br>Frequency | Maturity<br>Date |  | Notional<br>Amount<sup>(3)</sup> | Notional<br>Amount<sup>(3)</sup> | Premiums<br>Paid/<br>(Received) | Market<br>Value<sup>(4)</sup> | Market<br>Value<sup>(4)</sup> | Market<br>Value<sup>(4)</sup> | Asset | Asset | Liability |
| CDX.iTraxx Crossover 44 5-Year Index  | 1.000% | Quarterly | 12/20/2030 | EUR | 270 | 270 | $7 | $5 | 5 | 5 | $0 | 0 | $0 |

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------

<br> Consolidated Schedule of Investments PIMCO Global Managed Asset Allocation Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **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>(6)</sup> | <u>Variation Margin</u><sup>(6)</sup> | <u>Variation Margin</u><sup>(6)</sup> |
| Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Fixed Rate | Payment<br>Frequency | Maturity<br>Date |  | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Market<br>Value | Asset | Liability |
| Pay<sup>(5)</sup> | 1-Day GBP-SONIO Compounded-OIS | 3.500% | Annual | 09/16/2028 | GBP | 5660 | $(81) | $(31) | $(112) | (112) | $12 | $0 |
| Pay<sup>(5)</sup> | 1-Day GBP-SONIO Compounded-OIS | 3.500 | Annual | 09/16/2031 |  | 3800 | (112) | (55) | (167) | (167) | 12 | 0 |
| Receive<sup>(5)</sup> | 1-Day GBP-SONIO Compounded-OIS | 4.000 | Annual | 09/16/2036 |  | 5650 | 190 | 106 | 296 | 296 | 1 | (22) |
| Receive<sup>(5)</sup> | 1-Day GBP-SONIO Compounded-OIS | 4.500 | Annual | 09/16/2056 |  | 1730 | 115 | 4 | 119 | 119 | 0 | (8) |
| Pay<sup>(5)</sup> | 1-Day INR-MIBOR Compounded-OIS | 6.250 | Semi-Annual | 09/16/2031 | INR | 454370 | (65) | (41) | (106) | (106) | 8 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 0.400 | Annual | 09/18/2026 | JPY | 1360000 | 28 | 2 | 30 | 30 | 0 | 0 |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | Annual | 06/18/2027 |  | 1182800 | (14) | 26 | 12 | 12 | 2 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 0.750 | Annual | 09/17/2027 |  | 220000 | 10 | (2) | 8 | 8 | 0 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | Annual | 12/17/2027 |  | 110000 | 3 | 0 | 3 | 3 | 0 | 0 |
| Receive<sup>(5)</sup> | 1-Day JPY-MUTKCALM Compounded-OIS | 1.500 | Annual | 06/17/2028 |  | 1880100 | (6) | (2) | (8) | (8) | 0 | (1) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 0.600 | Annual | 09/18/2029 |  | 140000 | (30) | 0 | (30) | (30) | 1 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | Annual | 06/18/2030 |  | 279700 | 46 | (4) | 42 | 42 | 0 | (3) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | Annual | 09/17/2030 |  | 840000 | (150) | 2 | (148) | (148) | 9 | 0 |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1.250 | Annual | 12/17/2030 |  | 214500 | (6) | (21) | (27) | (27) | 3 | 0 |
| Receive<sup>(5)</sup> | 1-Day JPY-MUTKCALM Compounded-OIS | 1.750 | Annual | 06/17/2031 |  | 522300 | 11 | (1) | 10 | 10 | 0 | (1) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1.250 | Annual | 06/18/2032 |  | 890000 | (180) | 12 | (168) | (168) | 13 | 0 |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1.250 | Annual | 12/17/2032 |  | 282600 | (28) | (41) | (69) | (69) | 5 | 0 |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1.250 | Annual | 06/18/2035 |  | 799700 | (340) | 9 | (331) | (331) | 16 | 0 |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1.250 | Annual | 09/17/2035 |  | 450000 | (201) | 0 | (201) | (201) | 9 | 0 |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1.500 | Annual | 12/17/2035 |  | 130000 | (42) | (2) | (44) | (44) | 3 | 0 |
| Pay<sup>(5)</sup> | 1-Day JPY-MUTKCALM Compounded-OIS | 2.000 | Annual | 06/17/2036 |  | 206300 | (25) | 1 | (24) | (24) | 1 | 0 |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 2.000 | Annual | 06/18/2045 |  | 60000 | (42) | 3 | (39) | (39) | 1 | 0 |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 2.000 | Annual | 09/17/2045 |  | 50000 | (36) | 1 | (35) | (35) | 1 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 0.450 | Annual | 12/15/2051 |  | 160000 | 488 | (17) | 471 | 471 | 0 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 2.000 | Annual | 06/18/2055 |  | 95500 | 126 | (10) | 116 | 116 | 0 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 2.500 | Annual | 12/17/2055 |  | 461500 | 222 | 74 | 296 | 296 | 0 | 0 |
| Receive<sup>(5)</sup> | 1-Day JPY-MUTKCALM Compounded-OIS | 2.750 | Annual | 06/17/2056 |  | 45400 | 18 | 0 | 18 | 18 | 0 | 0 |

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<br> Consolidated Schedule of Investments PIMCO Global Managed Asset Allocation Portfolio (Cont.) March 31, 2026 (Unaudited)

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| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive<sup>(5)</sup> | 1-Day SGD-SIBCSORA Compounded-OIS | 1.750 | Semi-Annual | 09/16/2031 | 4480 | 35 | 31 | 66 | 0 | (18) |
| Receive<sup>(5)</sup> | 1-Day THB-THOR Compounded-OIS | 1.500 | Quarterly | 09/16/2031 | 82060 | 25 | 15 | 40 | 0 | (5) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 12/17/2027 | $33200 | (81) | 187 | 106 | 0 | (13) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 12/17/2027 | 37200 | 119 | (238) | (119) | 17 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 03/18/2028 | 5900 | (26) | 40 | 14 | 0 | (3) |
| Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.000 | Annual | 06/17/2028 | 12500 | 127 | 14 | 141 | 0 | (4) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 06/20/2029 | 19100 | 229 | (279) | (50) | 0 | (16) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.300 | Annual | 02/28/2030 | 12200 | 57 | 73 | 130 | 0 | (12) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2030 | 18200 | 260 | (148) | 112 | 19 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2030 | 1700 | (27) | 17 | (10) | 0 | (2) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 03/18/2031 | 8700 | (38) | 86 | 48 | 0 | (9) |
| Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/17/2031 | 7500 | 84 | 43 | 127 | 0 | (8) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2032 | 24800 | 330 | (276) | 54 | 31 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.700 | Annual | 08/15/2035 | 1200 | (1) | 14 | 13 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.715 | Annual | 08/15/2035 | 1957 | 5 | 14 | 19 | 0 | (2) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2035 | 17800 | (51) | 211 | 160 | 0 | (16) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.000 | Annual | 03/18/2036 | 100 | (4) | 3 | (1) | 0 | 0 |
| Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 06/17/2036 | 4600 | 17 | 32 | 49 | 0 | (3) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.975 | Annual | 11/15/2053 | 1100 | 23 | 11 | 34 | 4 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.085 | Annual | 11/15/2053 | 3048 | 5 | 35 | 40 | 10 | 0 |
| Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.427 | Annual | 03/20/2055 | 6500 | 46 | 112 | 158 | 13 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2055 | 4400 | 197 | 102 | 299 | 16 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2055 | 200 | (12) | (1) | (13) | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.000 | Annual | 03/18/2056 | 150 | (2) | 5 | 3 | 1 | 0 |
| Pay<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 4.000 | Annual | 06/17/2056 | 500 | (6) | (6) | (12) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 12.000 | Maturity | 01/02/2029 | 12030 | (54) | (52) | (106) | 14 | 0 |
| Pay | 1-Year BRL-CDI | 13.200 | Maturity | 01/02/2029 | 10300 | 0 | (21) | (21) | 12 | 0 |
| Pay | 1-Year BRL-CDI | 13.291 | Maturity | 01/02/2029 | 9000 | 0 | (27) | (27) | 11 | 0 |
| Pay | 1-Year BRL-CDI | 14.880 | Maturity | 01/02/2029 | 8400 | 0 | 38 | 38 | 10 | 0 |
| Receive<sup>(5)</sup> | 3-Month CNY-CNREPOFIX | 1.500 | Quarterly | 09/16/2031 | 960 | 1 | 0 | 1 | 0 | 0 |
| Receive | 3-Month COP-IBR Compounded-OIS | 8.610 | Quarterly | 08/22/2029 | 8776600 | (8) | 225 | 217 | 0 | (2) |
| Receive | 3-Month COP-IBR Compounded-OIS | 8.620 | Quarterly | 01/23/2030 | 12958000 | (12) | 355 | 343 | 0 | (4) |
| Receive | 3-Month COP-IBR Compounded-OIS | 9.630 | Quarterly | 12/17/2030 | 20120000 | 93 | 284 | 377 | 0 | (14) |
| Pay<sup>(5)</sup> | 3-Month KRW-KORIBOR | 3.500 | Quarterly | 09/16/2031 | 15337500 | (60) | (100) | (160) | 0 | (2) |
| Receive<sup>(5)</sup> | 3-Month MYR-KLIBOR | 3.500 | Quarterly | 09/16/2031 | 16560 | 14 | 0 | 14 | 5 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.750 | Quarterly | 03/20/2029 | 50500 | 95 | 11 | 106 | 14 | 0 |
| Receive | 3-Month ZAR-JIBAR | 8.649 | Quarterly | 04/03/2029 | 179100 | (620) | 231 | (389) | 0 | (48) |
| Pay | 6-Month AUD-BBR-BBSW | 2.000 | Semi-Annual | 10/07/2027 | 9300 | (300) | (29) | (329) | 13 | 0 |
| Pay | 6-Month AUD-BBR-BBSW | 3.750 | Semi-Annual | 03/18/2031 | 4000 | (20) | (121) | (141) | 23 | 0 |
| Pay | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | 03/20/2034 | 13000 | 101 | (399) | (298) | 102 | 0 |
| Pay | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | 06/18/2035 | 2100 | 26 | (81) | (55) | 18 | 0 |
| Pay | 6-Month CLP-CHILIBOR | 4.000 | Semi-Annual | 09/17/2030 | 3800 | 26 | (119) | (93) | 20 | 0 |
| Receive | 6-Month CLP-CHILIBOR | 5.365 | Semi-Annual | 01/23/2030 | 126100 | (3) | 1 | (2) | 0 | 0 |
| Receive | 6-Month CLP-CHILIBOR | 3.920 | Annual | 04/21/2030 | 25200 | 4 | (264) | (260) | 0 | (28) |

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<br> Consolidated Schedule of Investments PIMCO Global Managed Asset Allocation Portfolio (Cont.) March 31, 2026 (Unaudited)

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| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Pay | Pay | 6-Month CZK-PRIBOR | 6-Month CZK-PRIBOR | 3.534 | Annual | Annual | 03/21/2029 | 134800 |  | (15) |  | (117) |  | (132) |  | 9 | 9 |  | 0 |
| Pay<sup>(5)</sup> | Pay<sup>(5)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.250 | Annual | Annual | 09/16/2028 | 37600 |  | (320) |  | (242) |  | (562) |  | 78 | 78 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 0.081 | Annual | Annual | 02/15/2031 | 10400 |  | (1067) |  | (478) |  | (1545) |  | 42 | 42 |  | 0 |
| Receive<sup>(5)</sup> | Receive<sup>(5)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.500 | Annual | Annual | 09/16/2031 | 5000 |  | 146 |  | (28) |  | 118 |  | 0 | 0 |  | (25) |
| Pay<sup>(5)</sup> | Pay<sup>(5)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.750 | Annual | Annual | 09/16/2036 | 10900 |  | (140) |  | (257) |  | (397) |  | 100 | 100 |  | 0 |
| Receive<sup>(5)</sup> | Receive<sup>(5)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 3.000 | Annual | Annual | 09/16/2056 | 3430 |  | 67 |  | 19 |  | 86 |  | 0 | 0 |  | (37) |
| Receive | Receive | 6-Month HUF-BBR | 6-Month HUF-BBR | 6.200 | Annual | Annual | 03/20/2029 | 1039000 |  | (13) |  | 93 |  | 80 |  | 0 | 0 |  | (12) |
| Receive | Receive | 6-Month PLN-WIBOR | 6-Month PLN-WIBOR | 5.020 | Annual | Annual | 03/21/2029 | 24600 |  | (60) |  | (45) |  | (105) |  | 0 | 0 |  | (7) |
| Pay | Pay | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 8.835 | Lunar | Lunar | 03/13/2029 | 24000 |  | (8) |  | 35 |  | 27 |  | 4 | 4 |  | 0 |
| Receive | Receive | 28-Day MXN-TIIE | 28-Day MXN-TIIE | 9.050 | Lunar | Lunar | 12/12/2029 | 57500 |  | (175) |  | 60 |  | (115) |  | 0 | 0 |  | (11) |
| Pay | Pay | BCPMXWO Index | BCPMXWO Index | 143.959 | Monthly | Monthly | 10/07/2026 | 164052 |  | 0 |  | (298) |  | (298) |  | 0 | 0 |  | 0 |
| Receive | Receive | CAONREPO | CAONREPO | 3.500 | Semi-Annual | Semi-Annual | 12/18/2026 | 4300 |  | (50) |  | 16 |  | (34) |  | 0 | 0 |  | (1) |
| Receive | Receive | CAONREPO | CAONREPO | 2.750 | Semi-Annual | Semi-Annual | 09/17/2027 | 1100 |  | (3) |  | 2 |  | (1) |  | 0 | 0 |  | (1) |
| Receive | Receive | CAONREPO | CAONREPO | 3.000 | Semi-Annual | Semi-Annual | 06/18/2030 | 11900 |  | (185) |  | 121 |  | (64) |  | 0 | 0 |  | (17) |
| Receive | Receive | CAONREPO | CAONREPO | 2.750 | Semi-Annual | Semi-Annual | 09/17/2030 | 1300 |  | 1 |  | 4 |  | 5 |  | 0 | 0 |  | (2) |
| Pay | Pay | CAONREPO | CAONREPO | 2.500 | Semi-Annual | Semi-Annual | 12/17/2030 | 6200 |  | (4) |  | (69) |  | (73) |  | 9 | 9 |  | 0 |
| Receive | Receive | CAONREPO | CAONREPO | 2.750 | Semi-Annual | Semi-Annual | 03/19/2035 | 3600 |  | 101 |  | (19) |  | 82 |  | 0 | 0 |  | (7) |
| Pay | Pay | CAONREPO | CAONREPO | 3.000 | Semi-Annual | Semi-Annual | 09/17/2035 | 5100 |  | (44) |  | (11) |  | (55) |  | 10 | 10 |  | 0 |
| Receive | Receive | CAONREPO | CAONREPO | 3.250 | Semi-Annual | Semi-Annual | 06/18/2055 | 200 |  | (6) |  | 13 |  | 7 |  | 0 | 0 |  | 0 |
|  |  |  |  |  |  |  |  | $ | $(1282) | (1282) | $(1159) | (1159) | $(2441) | (2441) | $702 | 702 | 702 | $(366) | (366) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | $**(1293)** | **(1293)** | $**(1154)** | **(1154)** | $**(2447)** | **(2447)** | $**702** | **702** | **702** | $**(384)** | **(384)** |
| **(j)** | **Securities with an aggregate market value of $1,746 and cash of $3,580 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 $1,746 and cash of $3,580 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 $1,746 and cash of $3,580 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 $1,746 and cash of $3,580 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 $1,746 and cash of $3,580 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 $1,746 and cash of $3,580 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 $1,746 and cash of $3,580 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 $1,746 and cash of $3,580 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 $1,746 and cash of $3,580 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 $1,746 and cash of $3,580 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 $1,746 and cash of $3,580 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 $1,746 and cash of $3,580 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 $1,746 and cash of $3,580 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 $1,746 and cash of $3,580 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 $1,746 and cash of $3,580 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 $1,746 and cash of $3,580 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 $1,746 and cash of $3,580 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 $1,746 and cash of $3,580 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 $1,746 and cash of $3,580 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 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. | 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>(2)</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>(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. |
| <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. | 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>(6)</sup> | Unsettled variation margin asset of $22 and liability of $(10) for closed futures and unsettled variation margin asset of $5 for closed swap agreements is outstanding at period end. | Unsettled variation margin asset of $22 and liability of $(10) for closed futures and unsettled variation margin asset of $5 for closed swap agreements is outstanding at period end. | Unsettled variation margin asset of $22 and liability of $(10) for closed futures and unsettled variation margin asset of $5 for closed swap agreements is outstanding at period end. | Unsettled variation margin asset of $22 and liability of $(10) for closed futures and unsettled variation margin asset of $5 for closed swap agreements is outstanding at period end. | Unsettled variation margin asset of $22 and liability of $(10) for closed futures and unsettled variation margin asset of $5 for closed swap agreements is outstanding at period end. | Unsettled variation margin asset of $22 and liability of $(10) for closed futures and unsettled variation margin asset of $5 for closed swap agreements is outstanding at period end. | Unsettled variation margin asset of $22 and liability of $(10) for closed futures and unsettled variation margin asset of $5 for closed swap agreements is outstanding at period end. | Unsettled variation margin asset of $22 and liability of $(10) for closed futures and unsettled variation margin asset of $5 for closed swap agreements is outstanding at period end. | Unsettled variation margin asset of $22 and liability of $(10) for closed futures and unsettled variation margin asset of $5 for closed swap agreements is outstanding at period end. | Unsettled variation margin asset of $22 and liability of $(10) for closed futures and unsettled variation margin asset of $5 for closed swap agreements is outstanding at period end. | Unsettled variation margin asset of $22 and liability of $(10) for closed futures and unsettled variation margin asset of $5 for closed swap agreements is outstanding at period end. | Unsettled variation margin asset of $22 and liability of $(10) for closed futures and unsettled variation margin asset of $5 for closed swap agreements is outstanding at period end. | Unsettled variation margin asset of $22 and liability of $(10) for closed futures and unsettled variation margin asset of $5 for closed swap agreements is outstanding at period end. | Unsettled variation margin asset of $22 and liability of $(10) for closed futures and unsettled variation margin asset of $5 for closed swap agreements is outstanding at period end. | Unsettled variation margin asset of $22 and liability of $(10) for closed futures and unsettled variation margin asset of $5 for closed swap agreements is outstanding at period end. | Unsettled variation margin asset of $22 and liability of $(10) for closed futures and unsettled variation margin asset of $5 for closed swap agreements is outstanding at period end. | Unsettled variation margin asset of $22 and liability of $(10) for closed futures and unsettled variation margin asset of $5 for closed swap agreements is outstanding at period end. | Unsettled variation margin asset of $22 and liability of $(10) for closed futures and unsettled variation margin asset of $5 for closed swap agreements is outstanding at period end. | Unsettled variation margin asset of $22 and liability of $(10) for closed futures and unsettled variation margin asset of $5 for closed swap agreements is outstanding at period end. |
| **(k)** | **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 | 6266 | 6266 | $ | $4574 | 4574 | 4574 | 70 | 70 | 70 | 70 | $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 | 1600 | 1600 |  | 306 | 306 | 306 | 0 | 0 | 0 | 0 | (3) | (3) | (3) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | CAD | 489 | 489 |  | 358 | 358 | 358 | 7 | 7 | 7 | 7 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | CNH | 662 | 662 |  | 96 | 96 | 96 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | COP | 247028 | 247028 |  | 67 | 67 | 67 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | CZK | 2798 | 2798 |  | 131 | 131 | 131 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | EUR | 2293 | 2293 |  | 2671 | 2671 | 2671 | 21 | 21 | 21 | 21 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | GBP | 89 | 89 |  | 120 | 120 | 120 | 2 | 2 | 2 | 2 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | IDR | 676787 | 676787 |  | 40 | 40 | 40 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | INR | 6252 | 6252 |  | 67 | 67 | 67 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | KRW | 117777 | 117777 |  | 80 | 80 | 80 | 2 | 2 | 2 | 2 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | PHP | 1199 | 1199 |  | 20 | 20 | 20 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | PLN | 907 | 907 |  | 249 | 249 | 249 | 5 | 5 | 5 | 5 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | THB | 7242 | 7242 |  | 232 | 232 | 232 | 12 | 12 | 12 | 12 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | $ | $305 | 305 | BRL | 1600 | 1600 | 1600 | 4 | 4 | 4 | 4 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 30 | 30 | CNH | 207 | 207 | 207 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 224 | 224 | COP | 836592 | 836592 | 836592 | 2 | 2 | 2 | 2 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 307 | 307 | INR | 28046 | 28046 | 28046 | 0 | 0 | 0 | 0 | (10) | (10) | (10) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 40 | 40 | MXN | 729 | 729 | 729 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 179 | 179 | PEN | 624 | 624 | 624 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 239 | 239 | PLN | 881 | 881 | 881 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 05/2026  | 05/2026  | 05/2026  |  | 1720 | 1720 | CNY | 11948 | 11948 | 11948 | 15 | 15 | 15 | 15 | 0 | 0 | 0 |
|  |  |  | 06/2026  | 06/2026  | 06/2026  | ILS | 1872 | 1872 | $ | $606 | 606 | 606 | 9 | 9 | 9 | 9 | 0 | 0 | 0 |
|  |  |  | 06/2026  | 06/2026  | 06/2026  | MXN | 3699 | 3699 |  | 206 | 206 | 206 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 06/2026  | 06/2026  | 06/2026  | $ | $25 | 25 | BRL | 132 | 132 | 132 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 06/2026  | 06/2026  | 06/2026  |  | 66 | 66 | COP | 247028 | 247028 | 247028 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 06/2026  | 06/2026  | 06/2026  |  | 32 | 32 | ILS | 101 | 101 | 101 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

---

------

<br> Consolidated Schedule of Investments PIMCO Global Managed Asset Allocation Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 07/2026  | 627 | $179 | 0 | (1) |
|  | 09/2026  | 576175 | 146 | 0 | (5) |
|  | 10/2026  | 1700 | 311 | 0 | (4) |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | 04/2026  | 24507 | 4526 | 0 | (205) |
|  | 04/2026  | 2965 | 431 | 0 | 0 |
|  | 04/2026  | 275018 | 74 | 0 | (1) |
|  | 04/2026  | 1748 | 566 | 10 | 0 |
|  | 04/2026  | 2778 | 29 | 0 | 0 |
|  | 04/2026  | 182152 | 121 | 0 | 0 |
|  | 04/2026  | 308 | 89 | 1 | 0 |
|  | 04/2026  | 23399 | 724 | 14 | 0 |
|  | 04/2026  | $4673 | 24507 | 58 | 0 |
|  | 04/2026  | 173 | 643960 | 1 | 0 |
|  | 04/2026  | 382 | 288 | 0 | (1) |
|  | 04/2026  | 1149 | 19445056 | 0 | (4) |
|  | 04/2026  | 481 | 1501 | 1 | (4) |
|  | 04/2026  | 19 | 1829 | 0 | 0 |
|  | 04/2026  | 246 | 360196 | 0 | (8) |
|  | 04/2026  | 857 | 50881 | 0 | (17) |
|  | 04/2026  | 313 | 1127 | 0 | (9) |
|  | 04/2026  | 496 | 4585 | 0 | (12) |
|  | 04/2026  | 170 | 5593 | 0 | (1) |
|  | 04/2026  | 1589 | 50737 | 0 | (5) |
|  | 05/2026  | 446 | $141 | 0 | (1) |
|  | 05/2026  | 48624 | 514 | 0 | (2) |
|  | 05/2026  | 11214 | 348 | 0 | (2) |
|  | 05/2026  | $200 | 1050 | 1 | 0 |
|  | 05/2026  | 261 | 4450301 | 1 | 0 |
|  | 05/2026  | 54 | 1773 | 0 | 0 |
|  | 06/2026  | 6351 | $198 | 0 | 0 |
|  | 06/2026  | $689 | 3664 | 9 | 0 |
|  | 06/2026  | 73 | 275018 | 1 | 0 |
|  | 06/2026  | 115 | 1932265 | 0 | (1) |
|  | 07/2026  | 5998 | $1116 | 0 | (19) |
|  | 07/2026  | $1446 | 7770 | 23 | 0 |
|  | 10/2026  | 11300 | $2061 | 0 | (30) |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | 04/2026  | 186 | 24 | 0 | 0 |
|  | 04/2026  | 335576 | 20 | 0 | 0 |
|  | 04/2026  | 1826 | 19 | 0 | 0 |
|  | 04/2026  | 316 | 80 | 2 | 0 |
|  | 04/2026  | 163 | 17 | 0 | 0 |
|  | 04/2026  | 3701 | 408 | 17 | 0 |
|  | 04/2026  | 65374 | 1448 | 0 | (10) |
|  | 04/2026  | $20 | 335576 | 0 | 0 |
|  | 04/2026  | 20 | 1826 | 0 | (1) |
|  | 04/2026  | 217 | 859 | 0 | (5) |
|  | 04/2026  | 16 | 59 | 0 | (1) |
|  | 04/2026  | 2072 | 94605 | 46 | 0 |
|  | 04/2026  | 20974 | $1282 | 44 | 0 |
|  | 05/2026  | 14083 | 302 | 0 | (2) |
|  | 06/2026  | 2364086 | 140 | 1 | 0 |
|  | 06/2026  | 39 | 13 | 0 | 0 |
|  | 07/2026  | 12240795 | 3224 | 0 | (24) |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | 04/2026  | 23000 | 4133 | 0 | (307) |
|  | 04/2026  | $4429 | 23000 | 12 | 0 |
|  | 04/2026  | 157 | 25030 | 1 | 0 |
|  | 04/2026  | 1397 | 2420 | 0 | (6) |
|  | 04/2026  | 646 | 2337 | 0 | (17) |
|  | 05/2026  | 24954 | $157 | 0 | (1) |
|  | 05/2026  | 2420 | 1399 | 7 | 0 |
|  | 06/2026  | 16620697 | 4443 | 0 | (8) |
|  | 10/2026  | 24600 | 4541 | 0 | (12) |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | 04/2026  | 382 | 271 | 7 | 0 |
|  | 04/2026  | 317 | 60 | 0 | (1) |
|  | 04/2026  | 27172 | 30 | 1 | 0 |
|  | 04/2026  | 241 | 35 | 0 | 0 |
|  | 04/2026  | 2056743 | 540 | 0 | (19) |
|  | 04/2026  | 3204 | 151 | 0 | 0 |
|  | 04/2026  | 193 | 223 | 0 | 0 |
|  | 04/2026  | 117 | 155 | 1 | 0 |
|  | 04/2026  | 504408 | 30 | 0 | 0 |
|  | 04/2026  | 51419 | 550 | 7 | 0 |
|  | 04/2026  | 160500 | 1018 | 7 | 0 |
|  | 04/2026  | 970 | 100 | 0 | 0 |
|  | 04/2026  | 2369 | 685 | 5 | 0 |
|  | 04/2026  | 10164 | 168 | 1 | 0 |
|  | 04/2026  | 645 | 180 | 6 | 0 |
|  | 04/2026  | 565 | 61 | 1 | 0 |
|  | 04/2026  | 15 | 0 | 0 | 0 |
|  | 04/2026  | 1249 | 39 | 0 | 0 |
|  | 04/2026  | $1257 | 1792 | 0 | (20) |
|  | 04/2026  | 61 | 317 | 0 | 0 |
|  | 04/2026  | 517 | 711 | 0 | (6) |
|  | 04/2026  | 105 | 722 | 0 | 0 |

---

------

<br> Consolidated Schedule of Investments PIMCO Global Managed Asset Allocation Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 04/2026  | 182 | 676168 | 1 | 0 |
|  | 04/2026  | 1823 | 1366 | 0 | (15) |
|  | 04/2026  | 35 | 12077 | 1 | 0 |
|  | 04/2026  | 20 | 334784 | 0 | 0 |
|  | 04/2026  | 3984 | 364504 | 1 | (132) |
|  | 04/2026  | 319 | 50100 | 0 | (4) |
|  | 04/2026  | 29 | 42930 | 0 | (1) |
|  | 04/2026  | 178 | 618 | 0 | (1) |
|  | 04/2026  | 20 | 644 | 0 | (1) |
|  | 04/2026  | 21 | 678 | 0 | 0 |
|  | 05/2026  | 2121 | $598 | 0 | (10) |
|  | 05/2026  | 8905 | 288 | 17 | 0 |
|  | 06/2026  | 7538482 | 1996 | 0 | (22) |
|  | 06/2026  | 272 | 88 | 2 | 0 |
|  | 06/2026  | 10706 | 334 | 0 | 0 |
|  | 06/2026  | $100 | 1683159 | 0 | (1) |
|  | 06/2026  | 115 | 354 | 0 | (2) |
|  | 06/2026  | 168 | 10205 | 0 | (1) |
|  | 07/2026  | 156 | 528 | 0 | (6) |
|  | 09/2026  | 888808 | $1018 | 58 | 0 |
|  | 09/2026  | 304277 | 77 | 0 | (3) |
|  | 09/2026  | $148 | 2645 | 0 | (2) |
|  | 01/2027  | 1141 | $337 | 14 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; CIB | 04/2026  | 6875 | 1066 | 3 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | 04/2026  | 390 | 268 | 0 | (2) |
|  | 04/2026  | 15697 | 2291 | 12 | 0 |
|  | 04/2026  | 1844 | 87 | 1 | 0 |
|  | 04/2026  | 902 | 115 | 0 | 0 |
|  | 04/2026  | 3527 | 1139 | 17 | 0 |
|  | 04/2026  | 21414 | 228 | 2 | 0 |
|  | 04/2026  | 152 | 44 | 1 | 0 |
|  | 04/2026  | $1192 | 8246 | 5 | 0 |
|  | 04/2026  | 163 | 54888 | 2 | 0 |
|  | 04/2026  | 326 | 30495 | 1 | (4) |
|  | 04/2026  | 4266 | 5449 | 0 | (28) |
|  | 04/2026  | 227 | 7429 | 0 | (2) |
|  | 04/2026  | 19 | 598 | 0 | 0 |
|  | 05/2026  | 8226 | $1192 | 0 | (5) |
|  | 05/2026  | 5437 | 4266 | 27 | 0 |
|  | 05/2026  | $267 | 390 | 2 | 0 |
|  | 06/2026  | 2290633 | $615 | 1 | 0 |
|  | 06/2026  | 7470463 | 439 | 0 | 0 |
|  | 06/2026  | 328 | 106 | 1 | 0 |
|  | 06/2026  | 7414 | 227 | 1 | 0 |
|  | 06/2026  | 44364 | 1394 | 13 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | 04/2026  | 782 | 554 | 15 | 0 |
|  | 04/2026  | 2946 | 3817 | 133 | 0 |
|  | 04/2026  | 1154 | 1552 | 24 | 0 |
|  | 04/2026  | 4758 | 30 | 0 | 0 |
|  | 04/2026  | 894 | 227 | 6 | 0 |
|  | 04/2026  | 543 | 425 | 2 | 0 |
|  | 04/2026  | $1969 | 1569 | 0 | (7) |
|  | 04/2026  | 195 | 31164 | 1 | 0 |
|  | 04/2026  | 455 | 1788 | 0 | (13) |
|  | 04/2026  | 219 | 762 | 0 | 0 |
|  | 04/2026  | 18 | 65 | 0 | (1) |
|  | 04/2026  | 146 | 1380 | 0 | 0 |
|  | 04/2026  | 336 | 11056 | 0 | 0 |
|  | 05/2026  | 1563 | $1969 | 7 | 0 |
|  | 05/2026  | 742 | 235 | 0 | (2) |
|  | 05/2026  | 31070 | 195 | 0 | (1) |
|  | 05/2026  | 1378 | 146 | 0 | 0 |
|  | 05/2026  | $950 | 709 | 0 | (12) |
|  | 05/2026  | 425 | 542 | 0 | (2) |
|  | 06/2026  | 1333 | $432 | 8 | 0 |
|  | 06/2026  | 22450 | 1291 | 46 | 0 |
|  | 06/2026  | $145 | 2535 | 0 | (5) |
|  | 06/2026  | 273 | 925 | 0 | (8) |
|  | 07/2026  | 765 | $219 | 0 | 0 |
|  | 08/2026  | $442 | 1495 | 0 | (15) |
|  | 09/2026  | 120 | 2119 | 0 | (3) |
| &nbsp;&nbsp;&nbsp;&nbsp; GLM | 04/2026  | 42694 | $7599 | 0 | (643) |
|  | 04/2026  | 421859 | 112 | 0 | (2) |
|  | 04/2026  | 1807 | 581 | 6 | 0 |
|  | 04/2026  | 10072 | 109 | 3 | 0 |
|  | 04/2026  | 3346 | 839 | 12 | 0 |
|  | 04/2026  | 358 | 100 | 3 | 0 |
|  | 04/2026  | 11287 | 365 | 22 | 0 |
|  | 04/2026  | $8154 | 42694 | 89 | 0 |
|  | 04/2026  | 92 | 632 | 0 | 0 |
|  | 04/2026  | 60 | 227665 | 2 | 0 |
|  | 04/2026  | 97 | 33083 | 3 | 0 |
|  | 04/2026  | 31 | 525367 | 0 | 0 |
|  | 04/2026  | 41 | 3719 | 0 | (1) |

---

------

<br> Consolidated Schedule of Investments PIMCO Global Managed Asset Allocation Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 04/2026  | 621 | 11396 | 14 | 0 |
|  | 04/2026  | 596 | 2356 | 0 | (14) |
|  | 04/2026  | 27 | 100 | 0 | 0 |
|  | 04/2026  | 124 | 4073 | 0 | 0 |
|  | 04/2026  | 289 | 4982 | 5 | 0 |
|  | 06/2026  | 1 | $0 | 0 | 0 |
|  | 06/2026  | 2476081 | 661 | 1 | (3) |
|  | 06/2026  | 1678845 | 100 | 1 | 0 |
|  | 06/2026  | 15565 | 892 | 29 | 0 |
|  | 06/2026  | 4066 | 124 | 0 | 0 |
|  | 06/2026  | $487 | 2617 | 12 | 0 |
|  | 06/2026  | 144 | 2432760 | 0 | (1) |
|  | 06/2026  | 73 | 227 | 0 | 0 |
|  | 06/2026  | 1606 | 28533 | 0 | (24) |
|  | 07/2026  | 16000 | $2968 | 0 | (58) |
|  | 07/2026  | $67 | 361 | 1 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; IND | 04/2026  | 2302 | $2719 | 57 | 0 |
|  | 04/2026  | $1891 | 12286 | 10 | 0 |
|  | 05/2026  | 12267 | $1891 | 0 | (10) |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | 04/2026  | 85 | 59 | 1 | 0 |
|  | 04/2026  | 7400 | 1418 | 0 | (11) |
|  | 04/2026  | 414 | 60 | 0 | 0 |
|  | 04/2026  | 1117 | 52 | 0 | 0 |
|  | 04/2026  | 204 | 234 | 0 | (2) |
|  | 04/2026  | 1052 | 135 | 0 | 0 |
|  | 04/2026  | 9893 | 105 | 1 | 0 |
|  | 04/2026  | 59166 | 39 | 0 | 0 |
|  | 04/2026  | 19708 | 1101 | 2 | 0 |
|  | 04/2026  | 837 | 232 | 6 | 0 |
|  | 04/2026  | 5479 | 4347 | 86 | 0 |
|  | 04/2026  | $1401 | 7400 | 28 | 0 |
|  | 04/2026  | 1254 | 8676 | 6 | 0 |
|  | 04/2026  | 484 | 161363 | 1 | 0 |
|  | 04/2026  | 280 | 875 | 0 | (2) |
|  | 04/2026  | 105 | 9910 | 0 | 0 |
|  | 04/2026  | 109 | 160793 | 0 | (2) |
|  | 04/2026  | 134 | 2470 | 4 | 0 |
|  | 04/2026  | 45 | 430 | 0 | 0 |
|  | 04/2026  | 47 | 175 | 0 | 0 |
|  | 04/2026  | 174 | 2963 | 1 | 0 |
|  | 04/2026  | 60742 | $3633 | 49 | (1) |
|  | 05/2026  | 77 | 53 | 0 | 0 |
|  | 05/2026  | 8655 | 1254 | 0 | (6) |
|  | 05/2026  | $59 | 85 | 0 | (1) |
|  | 06/2026  | 904 | $292 | 4 | 0 |
|  | 06/2026  | 6795 | 379 | 2 | 0 |
|  | 06/2026  | $337 | 5729948 | 0 | 0 |
|  | 07/2026  | 4500 | $832 | 0 | (19) |
|  | 10/2026  | 3200 | 583 | 0 | (10) |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | 04/2026  | 65 | 45 | 1 | 0 |
|  | 04/2026  | 5419 | 1034 | 0 | (12) |
|  | 04/2026  | 781464 | 211 | 0 | (1) |
|  | 04/2026  | 5417 | 856 | 18 | 0 |
|  | 04/2026  | 2521 | 2919 | 5 | 0 |
|  | 04/2026  | 1 | 1 | 0 | 0 |
|  | 04/2026  | 312237 | 3374 | 77 | 0 |
|  | 04/2026  | 953 | 99 | 1 | 0 |
|  | 04/2026  | 1700 | 182 | 2 | 0 |
|  | 04/2026  | 9711 | 306 | 11 | 0 |
|  | 04/2026  | $813 | 1174 | 0 | (3) |
|  | 04/2026  | 1038 | 5419 | 8 | 0 |
|  | 04/2026  | 2002 | 1563 | 0 | (48) |
|  | 04/2026  | 172 | 636352 | 1 | 0 |
|  | 04/2026  | 530 | 461 | 3 | 0 |
|  | 04/2026  | 149 | 23584 | 1 | (1) |
|  | 04/2026  | 604 | 884896 | 0 | (16) |
|  | 04/2026  | 113 | 2088 | 3 | 0 |
|  | 04/2026  | 636 | 6210 | 6 | (1) |
|  | 04/2026  | 446 | 573 | 0 | 0 |
|  | 05/2026  | 13847 | $87 | 0 | (1) |
|  | 05/2026  | 5641 | 576 | 0 | (6) |
|  | 05/2026  | 9255 | 300 | 18 | 0 |
|  | 05/2026  | $1 | 1 | 0 | 0 |
|  | 06/2026  | 649 | $36 | 0 | 0 |
|  | 06/2026  | $208 | 781464 | 1 | 0 |
|  | 07/2026  | 651079 | $172 | 0 | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; MYI | 04/2026  | 159 | 40 | 1 | 0 |
|  | 04/2026  | $129 | 397 | 0 | (3) |
|  | 04/2026  | 198 | 3608 | 3 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; NGF | 04/2026  | 4559 | $474 | 3 | 0 |
|  | 04/2026  | $218 | 1493 | 0 | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; RBC | 04/2026  | 157765 | $106 | 2 | 0 |
|  | 04/2026  | $106 | 157765 | 0 | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; RYL | 04/2026  | 34 | $10 | 0 | 0 |

---

------

<br> Consolidated Schedule of Investments PIMCO Global Managed Asset Allocation Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | 04/2026  | 04/2026  | $ | 10 | 10 | PEN | 34 | 34 | 34 |  | 0 | 0 | 0 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | &nbsp;&nbsp;&nbsp;&nbsp; SCX | 04/2026  | 04/2026  | CHF | 187 | 187 | $ | 242 | 242 | 242 |  | 8 | 8 | 8 |  | 0 |
|  |  | 04/2026  | 04/2026  | JPY | 3742 | 3742 |  | 24 | 24 | 24 |  | 0 | 0 | 0 |  | 0 |
|  |  | 04/2026  | 04/2026  | NZD | 2420 | 2420 |  | 1446 | 1446 | 1446 |  | 55 | 55 | 55 |  | 0 |
|  |  | 04/2026  | 04/2026  | THB | 657 | 657 |  | 21 | 21 | 21 |  | 1 | 1 | 1 |  | 0 |
|  |  | 04/2026  | 04/2026  | $ | 4371 | 4371 | CAD | 6051 | 6051 | 6051 |  | 0 | 0 | 0 |  | (21) |
|  |  | 04/2026  | 04/2026  |  | 578 | 578 | INR | 52588 | 52588 | 52588 |  | 0 | 0 | 0 |  | (22) |
|  |  | 04/2026  | 04/2026  |  | 130 | 130 | PLN | 469 | 469 | 469 |  | 0 | 0 | 0 |  | (3) |
|  |  | 05/2026  | 05/2026  | CAD | 6043 | 6043 | $ | 4371 | 4371 | 4371 |  | 20 | 20 | 20 |  | 0 |
|  |  | 06/2026  | 06/2026  | $ | 300 | 300 | IDR | 5055317 | 5055317 | 5055317 |  | 0 | 0 | 0 |  | (3) |
| &nbsp;&nbsp;&nbsp;&nbsp; SOG | &nbsp;&nbsp;&nbsp;&nbsp; SOG | 04/2026  | 04/2026  |  | 8139 | 8139 | EUR | 7052 | 7052 | 7052 |  | 13 | 13 | 13 |  | 0 |
|  |  | 04/2026  | 04/2026  |  | 250 | 250 | JPY | 38845 | 38845 | 38845 |  | 0 | 0 | 0 |  | (5) |
|  |  | 05/2026  | 05/2026  | EUR | 7052 | 7052 | $ | 8151 | 8151 | 8151 |  | 0 | 0 | 0 |  | (13) |
|  |  | 06/2026  | 06/2026  | IDR | 4735176 | 4735176 |  | 281 | 281 | 281 |  | 3 | 3 | 3 |  | 0 |
|  |  | 06/2026  | 06/2026  | ILS | 1108 | 1108 |  | 359 | 359 | 359 |  | 6 | 6 | 6 |  | 0 |
|  |  | 06/2026  | 06/2026  | PEN | 7925 | 7925 |  | 2352 | 2352 | 2352 |  | 84 | 84 | 84 |  | 0 |
|  |  | 06/2026  | 06/2026  | $ | 100 | 100 | IDR | 1682223 | 1682223 | 1682223 |  | 0 | 0 | 0 |  | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp;&nbsp; SSB | 04/2026  | 04/2026  | AUD | 1262 | 1262 | $ | 898 | 898 | 898 |  | 27 | 27 | 27 |  | 0 |
|  |  | 04/2026  | 04/2026  | GBP | 293 | 293 |  | 392 | 392 | 392 |  | 4 | 4 | 4 |  | 0 |
|  |  | 04/2026  | 04/2026  | $ | 10 | 10 | CLP | 9111 | 9111 | 9111 |  | 0 | 0 | 0 |  | 0 |
|  |  | 05/2026  | 05/2026  |  | 392 | 392 | GBP | 293 | 293 | 293 |  | 0 | 0 | 0 |  | (4) |
|  |  | 06/2026  | 06/2026  | COP | 732771 | 732771 | $ | 190 | 190 | 190 |  | 0 | 0 | 0 |  | (7) |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | 04/2026  | 04/2026  | CZK | 2257 | 2257 |  | 107 | 107 | 107 |  | 1 | 1 | 1 |  | 0 |
|  |  | 04/2026  | 04/2026  | PLN | 553 | 553 |  | 150 | 150 | 150 |  | 1 | 1 | 1 |  | 0 |
|  |  | 04/2026  | 04/2026  | THB | 6673 | 6673 |  | 211 | 211 | 211 |  | 8 | 8 | 8 |  | 0 |
|  |  | 04/2026  | 04/2026  | $ | 316 | 316 | COP | 1176613 | 1176613 | 1176613 |  | 4 | 4 | 4 |  | 0 |
|  |  | 04/2026  | 04/2026  |  | 397 | 397 | PLN | 1432 | 1432 | 1432 |  | 0 | 0 | 0 |  | (11) |
|  |  | 06/2026  | 06/2026  | COP | 4008040 | 4008040 | $ | 1048 | 1048 | 1048 |  | 0 | 0 | 0 |  | (25) |
|  |  | 06/2026  | 06/2026  | ILS | 1959 | 1959 |  | 633 | 633 | 633 |  | 9 | 9 | 9 |  | 0 |
|  |  | 06/2026  | 06/2026  | MXN | 828 | 828 |  | 46 | 46 | 46 |  | 0 | 0 | 0 |  | 0 |
|  |  | 06/2026  | 06/2026  | $ | 615 | 615 | MXN | 10793 | 10793 | 10793 |  | 0 | 0 | 0 |  | (17) |
| **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** | $**1735** | **1735** | **1735** | **$** | $**(2136)** | **(2136)** |
| **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** |
| **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** |
| Counterparty | Description | Description | Description | Description | Description |  | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Cost | Cost |  | Market<br>Value |
| BOA | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | 1400.000 | 1400.000 | 07/09/2026 | 2100 | 2100 | 2100 | $21 | 21 | $ | $6 |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  | 1400.000 | 1400.000 | 07/13/2026 | 100 | 100 | 100 | 1 | 1 |  | 1 |
|  |  |  |  |  |  |  |  |  |  |  |  |  | $22 | 22 | $ | $7 |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** |
| Counterparty | Description | Description | Floating Rate<br>Index | Floating Rate<br>Index | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Cost | Cost |  | Market<br>Value |
| MYC | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | 3.427% | 3.427% | 3.427% | 03/20/2045 | 30000 | 30000 | 30000 | $3116 | 3116 | $ | $2740 |
|  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 3.427 | 3.427 | 3.427 | 03/20/2045 | 30000 | 30000 | 30000 | 3116 | 3116 |  | 3476 |
|  |  |  |  |  |  |  |  |  |  |  |  |  | $6232 | 6232 | $ | $6216 |
| **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** | **Total Purchased Options** | $**6254** | **6254** | **$** | $**6223** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** |
| Counterparty | Description | Description | Description | Description | Description |  | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value |
| BOA | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | 1350.000 | 1350.000 | 07/09/2026 | 2100 | 2100 | 2100 | $(7) | (7) | $ | $(2) |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  | 1350.000 | 1350.000 | 07/13/2026 | 100 | 100 | 100 | 0 | 0 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  | $(7) | (7) | $ | $(2) |
| **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** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** |
| Counterparty | Description | 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 | &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> | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value |
| GLM | Cap - OTC CPALEMU  | 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 | &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 | 5600 | 5600 | 5600 | $(255) | (255) | $ | $(134) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | $**(262)** | **(262)** | **$** | $**(136)** |

---

------

<br> Consolidated Schedule of Investments PIMCO Global Managed Asset Allocation Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</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 | Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Maturity<br>Date | Notional<br>Amount<sup>(3)</sup> | Premiums<br>Paid/(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) |  | Asset |  | Liability |
| GST | GST | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | 0.500% | 0.500% | Monthly | 11/17/2059 | 2154 | (64) | $ | 67 | $ | 3 | $ | 0 |
|  |  | CMBX.NA.AAA.9 Index  | CMBX.NA.AAA.9 Index  | CMBX.NA.AAA.9 Index  | CMBX.NA.AAA.9 Index  | 0.500 | 0.500 | Monthly | 09/17/2058 | 286 | (18) |  | 18 |  | 0 |  | 0 |
| MYI | MYI | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | 0.500 | 0.500 | Monthly | 11/17/2059 | 9401 | 0 |  | 13 |  | 13 |  | 0 |
| SAL | SAL | CMBX.NA.AAA.12 Index  | CMBX.NA.AAA.12 Index  | CMBX.NA.AAA.12 Index  | CMBX.NA.AAA.12 Index  | 0.500 | 0.500 | Monthly | 08/17/2061 | 1600 | (3) |  | 8 |  | 5 |  | 0 |
| UAG | UAG | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | 0.500 | 0.500 | Monthly | 11/17/2059 | 3721 | (108) |  | 113 |  | 5 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  | (193) | $ | 219 | $ | 26 | $ | 0 |
| **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | Pay/Receive<sup>(5)</sup> | Underlying<br>Reference | # of Units | # of Units | &nbsp;&nbsp; Financing Rate | &nbsp;&nbsp; Financing Rate | Maturity<br>Date | Notional<br>Amount | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| &nbsp;&nbsp; BRC | &nbsp;&nbsp; BRC | &nbsp;&nbsp; BRC | BCPMXWO Index  | BCPMXWO Index  | &nbsp;&nbsp; 4.290% (FEDL01 plus a specified spread) | &nbsp;&nbsp; 4.290% (FEDL01 plus a specified spread) | &nbsp;&nbsp; 4.290% (FEDL01 plus a specified spread) | Monthly | 10/07/2026 | 0 | 0 | $ | 0 | $ | 0 | $ | 0 |
| **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | Pay/Receive<sup>(5)</sup> | Underlying<br>Reference | # of Shares | # of Shares | &nbsp;&nbsp; Financing Rate | &nbsp;&nbsp; Financing Rate | Maturity<br>Date | Notional<br>Amount | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| &nbsp;&nbsp; CBK | &nbsp;&nbsp; CBK | &nbsp;&nbsp; CBK | Pay | Coursera, Inc.  | 25600 | 25600 | &nbsp;&nbsp; 3.850% (SOFR plus a specified spread) | &nbsp;&nbsp; 3.850% (SOFR plus a specified spread) | 12/18/2026 | 149 | $0 | 0 | $1 | 1 | $1 | 1 | $0 |
|  |  |  | Pay | CVB Financial Corp.  | 5135 | 5135 | &nbsp;&nbsp; 3.850% (SOFR plus a specified spread) | &nbsp;&nbsp; 3.850% (SOFR plus a specified spread) | 12/18/2026 | 100 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| &nbsp;&nbsp; FAR | &nbsp;&nbsp; FAR | &nbsp;&nbsp; FAR | Pay | Allegiant Travel Co.  | 1977 | 1977 | &nbsp;&nbsp; 3.550% (SOFR less a specified spread) | &nbsp;&nbsp; 3.550% (SOFR less a specified spread) | 01/12/2027 | 160 | 0 | 0 | 1 | 1 | 1 | 1 | 0 |
| &nbsp;&nbsp; JPM | &nbsp;&nbsp; JPM | &nbsp;&nbsp; JPM | Pay | Sky Works Solutions,Inc.  | 6336 | 6336 | &nbsp;&nbsp; 3.950% (SOFR plus a specified spread) | &nbsp;&nbsp; 3.950% (SOFR plus a specified spread) | 10/29/2026 | 339 | 0 | 0 | 1 | 1 | 1 | 1 | 0 |
|  |  |  | Pay | Mission Produce, Inc.  | 4014 | 4014 | &nbsp;&nbsp; 3.450% (SOFR less a specified spread) | &nbsp;&nbsp; 3.450% (SOFR less a specified spread) | 01/15/2027 | 55 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| &nbsp;&nbsp; RBC | &nbsp;&nbsp; RBC | &nbsp;&nbsp; RBC | Pay | Kimberly - Clark Corp.  | 6962 | 6962 | &nbsp;&nbsp; 3.800% (SOFR plus a specified spread) | &nbsp;&nbsp; 3.800% (SOFR plus a specified spread) | 11/06/2026 | 671 | 0 | 0 | (10) | (10) | 0 | 0 | (10) |
|  |  |  | Pay | Cintas Corp.  | 926 | 926 | &nbsp;&nbsp; 3.750% (SOFR plus a specified spread) | &nbsp;&nbsp; 3.750% (SOFR plus a specified spread) | 03/12/2027 | 157 | 0 | 0 | 1 | 1 | 1 | 1 | 0 |
|  |  |  | Pay | Union Pacific Corp.  | 2145 | 2145 | &nbsp;&nbsp; 3.800% (SOFR plus a specified spread) | &nbsp;&nbsp; 3.800% (SOFR plus a specified spread) | 03/24/2027 | 520 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  |  |  |  |  |  |  |  |  | 0 | $ | (6) | $ | 4 | $ | (10) |
| **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** | **(193)** | **$** | **213** | **$** | **30** | **$** | **(10)** |
| **(l)** | **Securities with an aggregate market value of $15,793 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 $15,793 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 $15,793 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 $15,793 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 $15,793 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 $15,793 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 $15,793 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 $15,793 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 $15,793 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 $15,793 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 $15,793 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 $15,793 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 $15,793 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 $15,793 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 $15,793 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 $15,793 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 $15,793 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> | 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 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>(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. |
| <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. |
| <sup>(5)</sup> | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |

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<br> Consolidated Schedule of Investments PIMCO Global Managed Asset Allocation Portfolio (Cont.) March 31, 2026 (Unaudited)

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| | | | | |
|:---|:---|:---|:---|:---|
| **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 | 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** |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |
| Banking & Finance | $0 | $3 | $0 | $3 |
| Industrials | 0 | 593 | 0 | 593 |
| Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes |
| Banking & Finance | 0 | 1 | 0 | 1 |
| U.S. Government Agencies | 0 | 47298 | 0 | 47298 |
| U.S. Treasury Obligations | 0 | 15697 | 0 | 15697 |
| Non-Agency Mortgage-Backed Securities | 0 | 7182 | 0 | 7182 |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |
| Automobile Sequential | 0 | 1593 | 0 | 1593 |
| Home Equity Other | 0 | 6851 | 0 | 6851 |
| Home Equity Sequential | 0 | 4606 | 0 | 4606 |
| Manufacturing House ABS Other | 0 | 462 | 0 | 462 |
| Whole Loan Collateral | 0 | 1797 | 0 | 1797 |
| Other ABS | 0 | 1948 | 0 | 1948 |
| Sovereign Issues | 0 | 42797 | 0 | 42797 |
| Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks |
| Communication Services | 753 | 0 | 0 | 753 |
| Consumer Discretionary | 148 | 0 | 0 | 148 |
| Consumer Staples | 926 | 0 | 0 | 926 |
| Financials | 560 | 0 | 0 | 560 |
| Health Care | 406 | 0 | 0 | 406 |
| Industrials | 1487 | 333 | 0 | 1820 |
| Information Technology | 1190 | 0 | 0 | 1190 |
| Materials | 256 | 0 | 0 | 256 |
| Real Estate | 7 | 0 | 0 | 7 |
| Utilities | 761 | 0 | 0 | 761 |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Turkey Treasury Bills | 0 | 22 | 0 | 22 |
| U.S. Treasury Bills | 0 | 3535 | 0 | 3535 |
|  | $6494 | $134718 | $0 | $141212 |
| **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** |
| Mutual Funds | 118135 | 0 | 0 | 118135 |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Central Funds Used for Cash Management Purposes | 63116 | 0 | 0 | 63116 |
|  | $181251 | $0 | $0 | $181251 |
| Total Investments | $187745 | $134718 | $0 | $322463 |
| **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 | (15249) | 0 | (15249) |
|  | $0 | $(15249) | $0 | $(15249) |
| **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 | 216 | 745 | 0 | 961 |
| Over the counter | 0 | 7988 | 0 | 7988 |
|  | $216 | $8733 | $0 | $8949 |
| **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 | (430) | (430) | 0 | (860) |
| Over the counter | 0 | (2282) | 0 | (2282) |
|  | $(430) | $(2712) | $0 | $(3142) |
| Total Financial Derivative Instruments | $(214) | $6021 | $0 | $5807 |
| Totals | $187531 | $125490 | $0 | $313021 |
| **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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Notes to Financial Statements

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

**1. BASIS FOR CONSOLIDATION**

The Commodity Subsidiary, a Cayman Islands exempted company, was incorporated on July 21, 2006, as a wholly owned subsidiary acting as an investment vehicle for the Portfolio in order to effect certain investments for the Portfolio consistent with the Portfolio's investment objectives and policies as specified in its prospectus and statement of additional information. The Portfolio's investment portfolio has been consolidated and includes the portfolio holdings of the Portfolio and the Commodity Subsidiary. The consolidated financial statements include the accounts of the Portfolio and the Commodity Subsidiary. All inter-company transactions and balances have been eliminated. A subscription agreement was entered into between the Portfolio and the Commodity Subsidiary, comprising the entire issued share capital of the Commodity Subsidiary, with the intent that the Portfolio will remain the sole shareholder and retain all rights. Under the Memorandum and Articles of Association, shares issued by the Commodity Subsidiary confer upon a shareholder the right to receive notice of, to attend and to vote at general meetings of the Commodity Subsidiary and shall confer upon the shareholder rights in a winding-up or repayment of capital and the right to participate in the profits or assets of the Commodity Subsidiary. The net assets of the Commodity Subsidiary as of period end represented 0.9% of the Portfolio's consolidated net assets.

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

**(a) Investment Valuation Policies** The net asset value ("NAV") of the Portfolio's shares, or each of its share classes, as applicable, is determined by dividing the total value of portfolio investments and other assets attributable to the 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, the 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 Portfolio or its agents after the time as of which NAV has been calculated on a particular day will not generally be used to retroactively adjust the price of a security or the NAV determined earlier that day. If regular trading on the NYSE closes earlier than scheduled, the Portfolio may calculate its NAV as of the earlier closing time or calculate its NAV as of the NYSE Close for that day. The 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, the Portfolio may calculate its NAV as of the NYSE Close for such day or such other time that the 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 the 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 Portfolio will normally use pricing data for domestic equity securities received shortly after the NYSE Close and does not normally take into account trading, clearances or settlements that take place after the NYSE Close. A foreign (non-U.S.) equity security traded on a foreign exchange or on more than one exchange is typically valued using pricing information from the exchange considered by Pacific Investment Management Company LLC ("PIMCO") to be the primary exchange. If market value pricing is used, a foreign (non-U.S.) equity security will be valued as of the close of trading on the foreign exchange, or the NYSE Close, if the NYSE Close occurs before the end of trading on the foreign exchange.

Investments for which market quotations are not readily available are valued at fair value as determined in good faith pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended (the "Act"). As a general principle, the fair value of a security or other asset is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Pursuant to Rule 2a-5, the Board of Trustees has designated PIMCO as the valuation designee ("Valuation Designee") for the 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 the 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. Open-end management investment companies may include affiliated funds.

If a foreign (non-U.S.) equity security's value has materially changed after the close of the security's primary exchange or principal market but before the NYSE Close, the security may be valued at fair value. Foreign (non-U.S.) equity securities that do not trade when the NYSE is open are also valued at fair value. With respect to foreign (non-U.S.) equity securities, the 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. The 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 the Trust is not open for business, which may result in the 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 the 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 the Trust is not open for business. As a result, to the extent that the 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 the 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 the 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 the 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 the Portfolio may differ from the

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Notes to Financial Statements (Cont.)

value that would be realized if the securities were sold. The Portfolio's use of fair valuation may also help to deter "stale price arbitrage" as discussed under the " Frequent or Excessive Purchases, Exchanges and Redemptions " section in the Portfolio's prospectus.

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

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

• 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.

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 Consolidated Schedule of Investments for the 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 of the Portfolio's assets and liabilities. Additionally, U.S. GAAP requires quantitative information regarding the significant unobservable inputs used in the determination of fair value of assets or liabilities categorized as Level 3 in the fair value hierarchy. In accordance with the requirements of U.S. GAAP, a fair value hierarchy and, if material, a Level 3 reconciliation and details of significant unobservable inputs, have been included in the Notes to Consolidated Schedule of Investments for the 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 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

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Notes to Financial Statements (Cont.)

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 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.

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.

**3. FEDERAL INCOME TAX MATTERS**

The 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.

The 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 Portfolio's tax positions for all open tax years. As of March 31, 2026, the Portfolio has recorded no liability for net unrecognized tax benefits relating to uncertain income tax positions it has taken or expects to take in future tax returns.

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

One of the requirements for favorable tax treatment as a regulated investment company under the Code is that the Portfolio derive at least 90% of its gross income from certain qualifying sources of income. The IRS has issued a revenue ruling which holds that income derived from commodity index-linked derivatives, if earned directly by the Portfolio, is not qualifying income under Subchapter M of the Code. As such, the Portfolio's ability to utilize direct investments in commodity-linked swaps as part of its investment strategy is limited to a maximum of 10% of its gross income. However, in a subsequent revenue ruling, the IRS provides that income from alternative investment instruments (such as certain commodity index-linked notes) that create commodity exposure may be considered qualifying income under the Code. The IRS has issued private letter rulings in which the IRS specifically concluded that income derived from an investment in a subsidiary that provides commodity-linked exposure through its investments will constitute qualifying income.

The Portfolio will continue to seek to gain exposure to the commodity markets primarily through investments in the Commodity Subsidiary and perhaps through commodity-linked notes. The Commodity Subsidiary will be treated as a controlled foreign corporation. As a result, the Portfolio with the Commodity Subsidiary will be required to include in gross income for U.S. federal income tax purposes all of the Commodity Subsidiary's "subpart F income," whether or not such income is distributed by the Commodity Subsidiary. It is expected that all of the Commodity Subsidiary's income and realized gains and mark-to-market gains will be "subpart F income." The Portfolio's recognition of the Commodity Subsidiary's "subpart F income" will increase the Portfolio's tax basis in the Commodity Subsidiary. Distributions by the Commodity Subsidiary to the Portfolio will be tax-free, to the extent of its previously undistributed "subpart F income," and will correspondingly reduce the Portfolio's tax basis in the Commodity Subsidiary. "Subpart F income" is generally treated by the Portfolio as ordinary income, regardless of the character of the Commodity Subsidiary's underlying income or gains.

If a net loss is realized by the Commodity Subsidiary, such loss is not generally available to offset the income earned by the Commodity Subsidiary's parent Portfolio, and such loss cannot be carried forward to offset taxable income of the parent Portfolio or the Commodity Subsidiary in future periods.

Under IRS regulations, income derived from a controlled foreign corporation will be considered qualifying income if distributed to the Portfolio or if the Portfolio's income from in the subsidiary is derived with respect to the Portfolio's business of investing in securities. A subsidiary may pay such a distribution at any time. An IRS revenue procedure states that the IRS will not in the future issue private letter rulings that would require a determination of whether an asset (such as a commodity index-linked note) is a "security" under the Act.

There can be no assurance that the IRS will not change its position with respect to some or all of these conclusions or that future legislation will not adversely impact the tax treatment of the Portfolio's commodity-linked investments. If the IRS were to change or reverse its position, or if future legislation adversely affected the tax treatment of the Portfolio's commodity-linked investments, there would likely be a significant adverse impact on the Portfolio, including the possibility of failing to qualify as a regulated investment company. If the Portfolio did not qualify as a regulated investment company for any taxable year, its taxable income would be subject to tax at the Portfolio level at regular corporate tax rates (without reduction for distributions to shareholders) and to a further tax at the shareholder level when such income is distributed. Furthermore, the tax treatment of the Portfolio's investments in its Subsidiary may otherwise be adversely affected by future legislation, court decisions, Treasury Regulations and/or guidance issued by the IRS. Such developments could affect the character, timing and/or amount of the Portfolio's taxable income or any distributions made by the Portfolio or result in the inability of the Portfolio to operate as described in the Portfolio's Prospectus.

**4. INVESTMENTS IN AFFILIATES** 

The 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 the Act, rules thereunder or exemptive relief therefrom. The Central Funds are registered investment companies created for use solely by the series of the Trust and other series of registered investment companies advised by the Adviser, in connection with their cash management activities. The main investments of the Central Funds are money market and short maturity fixed income instruments. The Central Funds may incur expenses related to their investment activities, but do not pay Investment Advisory Fees or Supervisory and Administrative Fees to the Adviser. The Central Funds are considered to be affiliated with the Portfolio. A copy of each affiliate fund's shareholder report is available at the U.S. Securities and

------

Notes to Financial Statements (Cont.)

Exchange Commission ("SEC") website at www.sec.gov, on the Portfolio's website at www.pimco.com, or upon request, as applicable. The table below shows the Portfolio's transactions in and earnings from investments in the affiliated funds for the period ended March 31, 2026 (amounts in thousands<sup>†</sup>):

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Underlying PIMCO Funds** | **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 Income Fund | $30975 | $418 | $(1433) | $30 | $(594) | $29396 | $423 | $0 |
| PIMCO Short Asset Portfolio | 45729 | 472 | 0 | 0 | (10) | 46191 | 478 | 0 |
| PIMCO Short-Term Floating NAV Portfolio III | 14143 | 54488 | (51700) | 0 | (6) | 16925 | 188 | 0 |
| PIMCO Total Return Fund | 92539 | 979 | (3582) | 56 | (1253) | 88739 | 985 | 0 |
| **Totals** | $**183386** | $**56357** | $**(56715)** | $**86** | $**(1863)** | $**181251** | $**2074** | $**0** |

---

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

<sup>(1)</sup> The tax characterization of distributions is determined in accordance with Federal income tax regulations and may contain a return of capital. The actual tax characterization of distributions received is determined at the end of the fiscal year of the affiliated fund, unless otherwise advised on IRS Form 1099-DIV.

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **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 | **FAR** | Wells Fargo Bank National Association | **NGF** | Nomura Global Financial Products, Inc. |
| **BOA** | Bank of America N.A. | **GLM** | Goldman Sachs Bank USA | **RBC** | Royal Bank of Canada |
| **BPS** | BNP Paribas S.A. | **GST** | Goldman Sachs International | **RYL** | NatWest Markets Plc |
| **BRC** | Barclays Bank PLC | **IND** | Crédit Agricole Corporate and Investment Bank <br> S.A. | **SAL** | Citigroup Global Markets, Inc. |
| **BSH** | Banco Santander S.A. - New York Branch | **JPM** | JP Morgan Chase Bank N.A. | **SCX** | Standard Chartered Bank, London |
| **CBK** | Citibank N.A. | **MBC** | HSBC Bank Plc | **SOG** | Societe Generale Paris |
| **CIB** | Canadian Imperial Bank of Commerce | **MYC** | Morgan Stanley Bank, N.A. | **SSB** | State Street Bank and Trust Co. |
| **DUB** | Deutsche Bank AG | **MYI** | Morgan Stanley & Co. International PLC | **UAG** | UBS AG Stamford |
| **Currency Abbreviations:** | **Currency Abbreviations:** |  |  |  |  |
| **AUD** | Australian Dollar | **GBP** | British Pound | **NZD** | New Zealand Dollar |
| **BRL** | Brazilian Real | **HKD** | Hong Kong Dollar | **PEN** | Peruvian New Sol |
| **CAD** | Canadian Dollar | **HUF** | Hungarian Forint | **PHP** | Philippine Peso |
| **CHF** | Swiss Franc | **IDR** | Indonesian Rupiah | **PLN** | Polish Zloty |
| **CLP** | Chilean Peso | **ILS** | Israeli Shekel | **SEK** | Swedish Krona |
| **CNH** | Chinese Renminbi (Offshore) | **INR** | Indian Rupee | **SGD** | Singapore Dollar |
| **CNY** | Chinese Renminbi (Mainland) | **JPY** | Japanese Yen | **THB** | Thai Baht |
| **COP** | Colombian Peso | **KRW** | South Korean Won | **TRY** | Turkish New Lira |
| **CZK** | Czech Koruna | **MXN** | Mexican Peso | **TWD** | Taiwanese Dollar |
| **DKK** | Danish Krone | **MYR** | Malaysian Ringgit | **USD (or $)** | United States Dollar |
| **EUR** | Euro | **NOK** | Norwegian Krone | **ZAR** | South African Rand |
| **Exchange Abbreviations:** | **Exchange Abbreviations:** |  |  |  |  |
| **LME** | London Metal Exchange | **OTC** | Over the Counter |  |  |
| **Index/Spread Abbreviations:** | **Index/Spread Abbreviations:** |  |  |  |  |
| **BCPMXWO** | Barclays Custom Equity Index | **CMBX** | Commercial Mortgage-Backed Index | **MUTKCALM** | Tokyo Overnight Average Rate |
| **Bobl** | Bundesobligation, the German word for federal government bond | **CNREPOFIX** | China Fixing Repo Rates 7-Day | **SIBCSORA** | Singapore Overnight Rate Average |
| **Brent** | Brent Crude | **CPALEMU** | Euro Area All Items Non-Seasonally Adjusted <br> Index | **SOFR** | Secured Overnight Financing Rate |
| **CAONREPO** | Canadian Overnight Repo Rate Average | **FEDL01** | Federal funds effective rate | **SONIO** | Sterling Overnight Interbank Average Rate |
| **CDX.IG** | Credit Derivatives Index - Investment Grade | **IBR** | Indicador Bancario de Referencia | **THOR** | Thai Overnight Baht Repurchase Rate |
| **Other Abbreviations:** | **Other Abbreviations:** |  |  |  |  |
| **ABS** | Asset-Backed Security | **JIBAR** | Johannesburg Interbank Agreed Rate | **PRIBOR** | Prague Interbank Offered Rate |
| **BBR** | Bank Bill Rate | **KLIBOR** | Kuala Lumpur Interbank Offered Rate | **RBOB** | Reformulated Blendstock for Oxygenate Blending |
| **BBSW** | Bank Bill Swap Reference Rate | **KORIBOR** | Korea Interbank Offered Rate | **REMIC** | Real Estate Mortgage Investment Conduit |
| **BRL-CDI** | Brazil Interbank Deposit Rate | **Lunar** | Monthly payment based on 28-day periods. One <br> year consists of 13 periods. | **TBA** | To-Be-Announced |
| **BTP** | Buoni del Tesoro Poliennali "Long-term Treasury Bond" | **MIBOR** | Mumbai Interbank Offered Rate | **TIIE** | Tasa de Interés Interbancaria de Equilibrio "Equilibrium Interbank Interest Rate" |
| **CHILIBOR** | Chile Interbank Offered Rate | **Oat** | Obligations Assimilables du Trésor | **WIBOR** | Warsaw Interbank Offered Rate |
| **CLO** | Collateralized Loan Obligation | **OIS** | Overnight Index Swap | **WTI** | West Texas Intermediate |
| **EURIBOR** | Euro Interbank Offered Rate | **PIK** | Payment-in-Kind |  |  |

---

------

<br> Schedule of Investments PIMCO High Yield Portfolio 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 92.7% ¤** |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 4.1%**  |  |  |
| **Asurion LLC**<br>TBD% due 02/23/2033 | $675 | $653 |
| **IRB Holding Corp.**<br>6.176% (TSFR1M + 2.500%) due 12/16/2030 ~ | 1354 | 1352 |
| **Newfold Digital Holdings Group, Inc.**<br>9.419% - 9.442% (TSFR3M + 5.750%) due 04/30/2029 «~ | 28 | 21 |
| **Peraton Corp.**<br>7.517% (TSFR3M + 3.750%) due 02/01/2028 ~ | 645 | 552 |
| **QuidelOrtho Corp.**<br>7.668% (TSFR1M + 4.000%) due 08/20/2032 ~ | 2338 | 2338 |
| **TransDigm, Inc.**  |  |  |
| 5.918% (TSFR1M + 2.250%) due 03/22/2030 ~ | 3046 | 3049 |
| 6.168% (TSFR1M + 2.500%) due 02/28/2031 ~ | 1274 | 1276 |
| **Trident TPI Holdings, Inc.**<br>7.450% (TSFR3M + 3.750%) due 09/15/2028 ~ | 2504 | 2378 |
| **U.S. Renal Care, Inc.**<br>8.782% (TSFR1M + 5.000%) due 06/28/2028 ~ | 3145 | 2970 |
| **Virgin Media Bristol LLC**<br>7.037% (TSFR1M + 3.250%) due 01/31/2029 ~ | 1547 | 1496 |
| **Whatabrands LLC**<br>6.168% (TSFR1M + 2.500%) due 08/03/2028 ~ | 1880 | 1880 |
| Total Loan Participations and Assignments (Cost $17,948) |  | 17965 |
| **CORPORATE BONDS & NOTES 80.9%**  |  |  |
| **BANKING & FINANCE 11.0%**  |  |  |
| **123 Lights Re Ltd.** <br>14.510% (FHMMUSTF + 11.000%) due 09/14/2031 ~ | 250 | 258 |
| **Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer** <br>6.750% due 04/15/2028 | 1000 | 1006 |
| **Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 SARL** <br>4.625% due 06/01/2028 | 500 | 489 |
| **Apollo Commercial Real Estate Finance, Inc.** <br>4.625% due 06/15/2029 | 121 | 120 |
| **Armor RE II Ltd.** <br>12.060% (BRMMUSDF + 8.500%) due 01/07/2032 ~ | 250 | 265 |
| **Black Pearl Compute LLC** <br>6.125% due 02/15/2031 | 460 | 469 |
| **Blackstone Secured Lending Fund** <br>5.250% due 09/04/2029 | 200 | 196 |
| **Blue Ridge Re Ltd.** <br>7.010% (FHMMUSTF + 3.500%) due 01/08/2029 ~ | 250 | 252 |
| **Bread Financial Holdings, Inc.** <br>6.750% due 05/15/2031 | 325 | 323 |
| **Burford Capital Global Finance LLC**  |  |  |
| 6.875% due 04/15/2030  | 360 | 318 |
| 7.500% due 07/15/2033  | 350 | 292 |
| **Cape Lookout Re Ltd.** <br>10.410% (FHMMUSTF + 6.900%) due 03/13/2032 ~ | 250 | 261 |
| **CrossCountry Intermediate HoldCo LLC** <br>6.500% due 10/01/2030 | 200 | 191 |
| **CTR Partnership LP/CareTrust Capital Corp.** <br>3.875% due 06/30/2028 | 600 | 583 |
| **Diversified Healthcare Trust**  |  |  |
| 4.375% due 03/01/2031  | 1300 | 1157 |
| 7.250% due 10/15/2030  | 280 | 283 |
| **EF Holdco/EF Cayman Holdings/Ellington Financial REIT Cayman/TRS/EF Cayman Non-MTM** <br>7.375% due 09/30/2030 | 475 | 458 |
| **Encore Capital Group, Inc.** <br>8.500% due 05/15/2030 | 2250 | 2380 |
| **Everglades Re II Ltd.** <br>15.041% (GSMMUSTI + 11.500%) due 05/13/2031 ~ | 250 | 254 |
| **Freedom Mortgage Corp.** <br>6.625% due 01/15/2027 | 450 | 450 |
| **Freedom Mortgage Holdings LLC**  |  |  |
| 8.375% due 04/01/2032  | 200 | 197 |
| 9.250% due 02/01/2029  | 450 | 456 |
| **FS KKR Capital Corp.** <br>6.125% due 01/15/2031 | 650 | 610 |
| **FTAI Aviation Investors LLC**  |  |  |
| 5.500% due 05/01/2028  | 1600 | 1601 |
| 5.875% due 04/15/2033  | 200 | 196 |

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------

<br> Schedule of Investments PIMCO High Yield Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 7.000% due 05/01/2031  | 700 | 718 |
| **Golden Bear Re Ltd.** <br>13.162% (T-BILL 1MO + 9.500%) due 03/08/2032 ~ | 250 | 250 |
| **Howard Hughes Corp.** <br>5.875% due 03/01/2032 | 200 | 193 |
| **ION Platform Finance U.S., Inc./ION Platform Finance SARL**  |  |  |
| 5.000% due 05/01/2028  | 500 | 468 |
| 8.750% due 05/01/2029  | 215 | 200 |
| 9.000% due 08/01/2029  | 410 | 381 |
| **Iron Mountain, Inc.**  |  |  |
| 4.500% due 02/15/2031  | 1700 | 1597 |
| 4.875% due 09/15/2027  | 50 | 50 |
| 5.250% due 07/15/2030  | 525 | 510 |
| **Jane Street Group/JSG Finance, Inc.**  |  |  |
| 6.750% due 05/01/2033  | 450 | 457 |
| 7.125% due 04/30/2031  | 2975 | 3060 |
| **Jefferson Capital Holdings LLC** <br>9.500% due 02/15/2029 | 900 | 945 |
| **Locke Tavern Re Ltd.**  |  |  |
| 4.060% (JMMMUSTF + 3.250%) due 04/11/2033 ~  | 250 | 250 |
| 4.060% (JMMMUSTF + 4.250%) due 04/11/2033 ~  | 250 | 250 |
| **Millrose Properties, Inc.** <br>6.375% due 08/01/2030 | 425 | 425 |
| **MMIFS Re Ltd.** <br>5.151% (CAONINDX + 2.900%) due 01/10/2033 ~ | 250 | 180 |
| **MPT Operating Partnership LP/MPT Finance Corp.** <br>8.500% due 02/15/2032 | $350 | 355 |
| **Navient Corp.** <br>6.750% due 06/15/2026 | 1500 | 1505 |
| **Newmark Group, Inc.** <br>7.500% due 01/12/2029 | 2825 | 2963 |
| **Nissan Motor Acceptance Co. LLC**  |  |  |
| 5.625% due 09/29/2028  | 1000 | 982 |
| 7.050% due 09/15/2028  | 150 | 152 |
| **OneMain Finance Corp.**  |  |  |
| 3.500% due 01/15/2027  | 900 | 884 |
| 3.875% due 09/15/2028  | 225 | 214 |
| 5.375% due 11/15/2029  | 225 | 217 |
| 6.625% due 01/15/2028  | 1850 | 1864 |
| 6.625% due 05/15/2029  | 1100 | 1103 |
| 7.125% due 11/15/2031  | 445 | 441 |
| **Orange Capital RE DAC** <br>8.026% (EUR003M + 6.000%) due 01/17/2029 ~ | 250 | 304 |
| **Osaic Holdings, Inc.** <br>6.750% due 08/01/2032 | $175 | 175 |
| **Oxford Finance LLC/Oxford Finance Co-Issuer II, Inc.** <br>6.375% due 02/01/2027 | 900 | 893 |
| **Panther Escrow Issuer LLC** <br>7.125% due 06/01/2031 | 875 | 878 |
| **Pebblebrook Hotel LP/PEB Finance Corp.** <br>6.375% due 10/15/2029 | 475 | 476 |
| **Quercus Re DAC** <br>10.020% (EUR003M + 8.000%) due 07/08/2027 ~ | 250 | 299 |
| **Rfna LP** <br>7.875% due 02/15/2030 | $75 | 72 |
| **RHP Hotel Properties LP/RHP Finance Corp.**  |  |  |
| 4.500% due 02/15/2029  | 1300 | 1261 |
| 5.750% due 03/15/2034  | 250 | 247 |
| 7.250% due 07/15/2028  | 200 | 204 |
| **Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc.** <br>4.000% due 10/15/2033 | 375 | 336 |
| **Service Properties Trust** <br>0.000% due 09/30/2028 (d) | 550 | 501 |
| **SLM Corp.**  |  |  |
| 3.125% due 11/02/2026  | 1900 | 1884 |
| 6.500% due 01/31/2030  | 10 | 10 |
| **Starwood Property Trust, Inc.**  |  |  |
| 5.250% due 10/15/2028  | 425 | 420 |
| 5.750% due 01/15/2031  | 1650 | 1631 |
| 6.500% due 07/01/2030  | 375 | 383 |
| **Stonex Escrow Issuer LLC** <br>6.875% due 07/15/2032 | 300 | 303 |
| **Torrey Pines Re Ltd.**  |  |  |
| 9.596% (JMMMUSTF + 6.036%) due 06/07/2027 ~  | 250 | 259 |
| 10.666% (JMMMUSTF + 7.106%) due 06/07/2027 ~  | 250 | 259 |
| **Vornado Realty LP**  |  |  |
| 3.400% due 06/01/2031  | 800 | 713 |
| 5.750% due 02/01/2033  | 1400 | 1374 |
| **Windmill III Re DAC** <br>7.236% (EUR003M + 5.210%) due 07/05/2028 ~ | 250 | 299 |
| **Windrose Re Ltd.** <br>8.790% (HSMMUSTF + 5.250%) due 02/11/2033 ~ | $250 | 249 |
| **Winston RE Ltd.** <br>10.040% (BNMMDTSC + 6.500%) due 02/21/2028 ~ | 250 | 256 |

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<br> Schedule of Investments PIMCO High Yield Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **WULF Compute LLC** <br>7.750% due 10/15/2030 | 925 | 978 |
|  |  | 48343 |
| **INDUSTRIALS 66.3%**  |  |  |
| **1011778 BC ULC/New Red Finance, Inc.**  |  |  |
| 3.500% due 02/15/2029  | 325 | 310 |
| 4.000% due 10/15/2030  | 5150 | 4843 |
| **1261229 BC Ltd.** <br>10.000% due 04/15/2032 | 1300 | 1332 |
| **ADT Security Corp.**  |  |  |
| 4.875% due 07/15/2032  | 300 | 281 |
| 5.875% due 10/15/2033  | 25 | 24 |
| **Advanced Drainage Systems, Inc.** <br>5.375% due 03/01/2034 | 350 | 341 |
| **Ahlstrom Holding 3 OYJ** <br>4.875% due 02/04/2028 | 650 | 636 |
| **Albion Financing 1 SARL/Aggreko Holdings, Inc.** <br>7.000% due 05/21/2030 | 1720 | 1759 |
| **Allison Transmission, Inc.** <br>3.750% due 01/30/2031 | 1475 | 1374 |
| **Altice France SA**  |  |  |
| 6.875% due 10/15/2030  | 1287 | 1232 |
| 9.500% due 11/01/2029  | 495 | 501 |
| **Amber Finco PLC** <br>6.625% due 07/15/2029 | 100 | 119 |
| **American Airlines, Inc./AAdvantage Loyalty IP Ltd.** <br>5.500% due 04/20/2026 | $8 | 8 |
| **American Axle & Manufacturing, Inc.** <br>6.375% due 10/15/2032 | 350 | 347 |
| **American Builders & Contractors Supply Co., Inc.**  |  |  |
| 3.875% due 11/15/2029  | 550 | 522 |
| 4.000% due 01/15/2028  | 2000 | 1964 |
| **ams-OSRAM AG** <br>12.250% due 03/30/2029 | 1925 | 2049 |
| **APi Group DE, Inc.**  |  |  |
| 4.125% due 07/15/2029  | 800 | 763 |
| 4.750% due 10/15/2029  | 235 | 228 |
| **APLD ComputeCo 2 LLC** <br>6.750% due 03/15/2031 | 450 | 447 |
| **Aramark Services, Inc.** <br>5.000% due 02/01/2028 | 1100 | 1094 |
| **Ascent Resources Utica Holdings LLC/ARU Finance Corp.** <br>5.875% due 06/30/2029 | 875 | 875 |
| **Axalta Coating Systems LLC** <br>3.375% due 02/15/2029 | 700 | 663 |
| **Axalta Coating Systems LLC/Axalta Coating Systems Dutch Holding B BV** <br>4.750% due 06/15/2027 | 700 | 696 |
| **Axon Enterprise, Inc.** <br>6.125% due 03/15/2030 | 1900 | 1936 |
| **B&G Foods, Inc.** <br>8.000% due 09/15/2028 | 2125 | 2095 |
| **Ball Corp.** <br>2.875% due 08/15/2030 | 1400 | 1275 |
| **Bath & Body Works, Inc.** <br>6.950% due 03/01/2033 | 200 | 193 |
| **Bausch & Lomb Corp.** <br>8.375% due 10/01/2028 | 1075 | 1111 |
| **BCP V Modular Services Finance II PLC** <br>4.750% due 11/30/2028 | 225 | 246 |
| **Beignet Investor LLC** <br>6.581% due 05/30/2049 | $4525 | 4656 |
| **BioMarin Pharmaceutical, Inc.** <br>5.500% due 02/15/2034 | 1200 | 1182 |
| **Block, Inc.**  |  |  |
| 2.750% due 06/01/2026  | 800 | 797 |
| 3.500% due 06/01/2031  | 875 | 796 |
| 5.625% due 08/15/2030  | 2775 | 2761 |
| 6.000% due 08/15/2033  | 375 | 369 |
| 6.500% due 05/15/2032  | 800 | 808 |
| **Bombardier, Inc.** <br>8.750% due 11/15/2030 | 700 | 745 |
| **Brightstar Lottery PLC** <br>5.250% due 01/15/2029 | 200 | 199 |
| **Brightstar Lottery PLC/Brightstar Global Solutions Corp.** <br>5.750% due 01/15/2033 | 200 | 195 |
| **Builders FirstSource, Inc.**  |  |  |
| 4.250% due 02/01/2032  | 850 | 784 |
| 5.000% due 03/01/2030  | 1525 | 1486 |
| **BWX Technologies, Inc.**  |  |  |
| 4.125% due 06/30/2028  | 800 | 778 |
| 4.125% due 04/15/2029  | 200 | 192 |
| **Caesars Entertainment, Inc.**  |  |  |
| 4.625% due 10/15/2029  | 75 | 72 |
| 6.000% due 10/15/2032  | 125 | 115 |

---

------

<br> Schedule of Investments PIMCO High Yield Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 6.500% due 02/15/2032  | 250 | 247 |
| **Carnival Corp.**  |  |  |
| 4.000% due 08/01/2028  | 2625 | 2564 |
| 5.750% due 08/01/2032  | 2800 | 2803 |
| **Carpenter Technology Corp.** <br>5.625% due 03/01/2034 | 14 | 14 |
| **Carvana Co.** <br>9.000% due 06/01/2031 | 1400 | 1515 |
| **CCO Holdings LLC/CCO Holdings Capital Corp.**  |  |  |
| 4.750% due 03/01/2030  | 1800 | 1709 |
| 4.750% due 02/01/2032  | 1275 | 1154 |
| **Cerdia Finanz GmbH** <br>9.375% due 10/03/2031 | 2600 | 2588 |
| **Chobani LLC/Chobani Finance Corp., Inc.** <br>4.625% due 11/15/2028 | 125 | 123 |
| **Chord Energy Corp.** <br>6.000% due 10/01/2030 | 1475 | 1495 |
| **CHS/Community Health Systems, Inc.**  |  |  |
| 4.750% due 02/15/2031  | 1550 | 1430 |
| 6.000% due 01/15/2029  | 475 | 470 |
| 6.875% due 04/15/2029  | 400 | 385 |
| 9.750% due 01/15/2034  | 680 | 707 |
| **Churchill Downs, Inc.** <br>4.750% due 01/15/2028 | 2100 | 2073 |
| **Cipher Compute LLC** <br>7.125% due 11/15/2030 | 150 | 156 |
| **CITGO Petroleum Corp.** <br>8.375% due 01/15/2029 | 925 | 956 |
| **Cleveland-Cliffs, Inc.**  |  |  |
| 4.625% due 03/01/2029  | 875 | 836 |
| 7.000% due 03/15/2032  | 500 | 484 |
| 7.500% due 09/15/2031  | 300 | 300 |
| **Cloud Software Group, Inc.**  |  |  |
| 6.500% due 03/31/2029  | 1000 | 977 |
| 6.625% due 08/15/2033  | 925 | 823 |
| **Clydesdale Acquisition Holdings, Inc.**  |  |  |
| 6.750% due 04/15/2032  | 1275 | 1208 |
| 6.875% due 01/15/2030  | 275 | 268 |
| 8.750% due 04/15/2030  | 300 | 280 |
| **Cogent Communications Group LLC/Cogent Finance, Inc.** <br>6.500% due 07/01/2032 | 300 | 262 |
| **Coherent Corp.** <br>5.000% due 12/15/2029 | 850 | 834 |
| **Columbus McKinnon Corp.** <br>7.125% due 02/01/2033 | 1050 | 1051 |
| **CompoSecure Holdings LLC** <br>5.625% due 02/01/2033 | 350 | 342 |
| **Comstock Resources, Inc.** <br>5.875% due 01/15/2030 | 1500 | 1453 |
| **CoreWeave, Inc.**  |  |  |
| 9.000% due 02/01/2031  | 600 | 572 |
| 9.250% due 06/01/2030  | 750 | 729 |
| **Crescent Energy Finance LLC**  |  |  |
| 7.375% due 01/15/2033  | 450 | 450 |
| 7.875% due 04/15/2032  | 5 | 5 |
| 8.375% due 01/15/2034  | 175 | 183 |
| **Crocs, Inc.** <br>4.250% due 03/15/2029 | 275 | 264 |
| **Crowdstrike Holdings, Inc.** <br>3.000% due 02/15/2029 | 2175 | 2070 |
| **Crown Americas LLC/Crown Americas Capital Corp. V** <br>4.250% due 09/30/2026 | 1000 | 997 |
| **Cyprium Corp./Cyprium Holdings Luxembourg SARL**  |  |  |
| 6.125% due 04/15/2031  | 500 | 494 |
| 6.375% due 04/15/2034  | 400 | 389 |
| **Dcli Bidco LLC** <br>7.750% due 11/15/2029 | 450 | 455 |
| **Deluxe Corp.** <br>8.125% due 09/15/2029 | 200 | 208 |
| **Diamond Foreign Asset Co./Diamond Finance LLC** <br>8.500% due 10/01/2030 | 1179 | 1246 |
| **Directv Financing LLC** <br>8.875% due 02/01/2030 | 20 | 20 |
| **Discovery Communications LLC** <br>3.625% due 05/15/2030 | 200 | 186 |
| **Discovery Global Holdings, Inc.**  |  |  |
| 3.755% due 03/15/2027  | 425 | 420 |
| 4.279% due 03/15/2032  | 2300 | 2038 |
| 5.050% due 03/15/2042  | 675 | 446 |
| **DISH DBS Corp.** <br>5.125% due 06/01/2029 | 550 | 492 |
| **DISH Network Corp.** <br>11.750% due 11/15/2027 | 1525 | 1572 |
| **Dream Finders Homes, Inc.** <br>6.875% due 09/15/2030 | 525 | 503 |

---

------

<br> Schedule of Investments PIMCO High Yield Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **EchoStar Corp.** <br>10.750% due 11/30/2029 | 2300 | 2486 |
| **EchoStar Corp. (6.750% Cash or 6.750% PIK)** <br>6.750% due 11/30/2030 (b) | 1000 | 1011 |
| **Element Solutions, Inc.** <br>3.875% due 09/01/2028 | 350 | 341 |
| **Ellucian Holdings, Inc.** <br>6.500% due 12/01/2029 | 500 | 490 |
| **Esab Corp.** <br>5.625% due 04/01/2031 | 199 | 201 |
| **EW Scripps Co.** <br>9.875% due 08/15/2030 | 1300 | 1263 |
| **Fair Isaac Corp.** <br>4.000% due 06/15/2028 | 1000 | 971 |
| **Flora Food Management BV** <br>7.500% due 10/31/2030 | 400 | 458 |
| **Fortescue Treasury Pty. Ltd.**  |  |  |
| 4.375% due 04/01/2031  | $644 | 609 |
| 4.500% due 09/15/2027  | 298 | 295 |
| 5.875% due 04/15/2030  | 750 | 760 |
| 6.125% due 04/15/2032  | 400 | 409 |
| **Froneri Lux FinCo SARL** <br>6.000% due 08/01/2032 | 325 | 317 |
| **Frontier Communications Holdings LLC**  |  |  |
| 5.000% due 05/01/2028  | 725 | 725 |
| 8.750% due 05/15/2030  | 550 | 565 |
| **Gap, Inc.** <br>3.875% due 10/01/2031 | 475 | 431 |
| **Garda World Security Corp.** <br>7.750% due 02/15/2028 | 600 | 611 |
| **GFL Environmental, Inc.** <br>6.750% due 01/15/2031 | 700 | 725 |
| **Global Medical Response, Inc.** <br>7.375% due 10/01/2032 | 775 | 805 |
| **Go Daddy Operating Co. LLC/GD Finance Co., Inc.** <br>3.500% due 03/01/2029 | 1250 | 1164 |
| **Graham Holdings Co.** <br>5.625% due 12/01/2033 | 500 | 491 |
| **Gray Media, Inc.**  |  |  |
| 4.750% due 10/15/2030  | 225 | 174 |
| 9.625% due 07/15/2032  | 900 | 901 |
| 10.500% due 07/15/2029  | 473 | 503 |
| **Griffon Corp.** <br>5.750% due 03/01/2028 | 1125 | 1124 |
| **Gulfport Energy Operating Corp.** <br>6.750% due 09/01/2029 | 550 | 563 |
| **HealthEquity, Inc.** <br>4.500% due 10/01/2029 | 1775 | 1720 |
| **Hilton Domestic Operating Co., Inc.**  |  |  |
| 3.625% due 02/15/2032  | 2275 | 2069 |
| 3.750% due 05/01/2029  | 1125 | 1077 |
| 4.000% due 05/01/2031  | 1000 | 939 |
| **Hilton Grand Vacations Borrower LLC/Hilton Grand Vacations Borrower, Inc.** <br>4.875% due 07/01/2031 | 25 | 23 |
| **Hologic, Inc.** <br>3.250% due 02/15/2029 | 2050 | 2048 |
| **Howard Midstream Energy Partners LLC** <br>6.625% due 01/15/2034 | 850 | 854 |
| **Industrial F&B Investments III, Inc.** <br>7.750% due 02/11/2033 | 550 | 556 |
| **Ingevity Corp.** <br>3.875% due 11/01/2028 | 425 | 408 |
| **Installed Building Products, Inc.** <br>5.625% due 02/01/2034 | 200 | 196 |
| **Insulet Corp.** <br>6.500% due 04/01/2033 | 1000 | 1021 |
| **IQVIA, Inc.**  |  |  |
| 5.000% due 05/15/2027  | 200 | 199 |
| 6.250% due 06/01/2032  | 1250 | 1271 |
| **JetBlue Airways Corp./JetBlue Loyalty LP** <br>9.875% due 09/20/2031 | 1150 | 1088 |
| **KBR, Inc.** <br>4.750% due 09/30/2028 | 1486 | 1458 |
| **Kodiak Gas Services LLC** <br>5.875% due 04/01/2031 | 200 | 201 |
| **Kraken Oil & Gas Partners LLC** <br>7.625% due 08/15/2029 | 250 | 255 |
| **Lamar Media Corp.**  |  |  |
| 3.625% due 01/15/2031  | 275 | 255 |
| 3.750% due 02/15/2028  | 1000 | 973 |
| **LBM Acquisition LLC** <br>9.500% due 06/15/2031 | 625 | 545 |
| **Level 3 Financing, Inc.**  |  |  |
| 7.000% due 03/31/2034  | 400 | 410 |
| 8.500% due 01/15/2036  | 700 | 731 |

---

------

<br> Schedule of Investments PIMCO High Yield Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **LifePoint Health, Inc.** <br>11.000% due 10/15/2030 | 10 | 11 |
| **Light & Wonder International, Inc.** <br>7.500% due 09/01/2031 | 750 | 770 |
| **Lindblad Expeditions LLC** <br>7.000% due 09/15/2030 | 100 | 102 |
| **Lithia Motors, Inc.** <br>5.500% due 10/01/2030 | 650 | 637 |
| **Live Nation Entertainment, Inc.** <br>3.750% due 01/15/2028 | 2225 | 2172 |
| **Lsf12 Helix Parent LLC** <br>7.125% due 02/01/2033 | 200 | 193 |
| **Matador Resources Co.**  |  |  |
| 6.250% due 04/15/2033  | 450 | 451 |
| 6.500% due 04/15/2032  | 1025 | 1037 |
| **Match Group Holdings II LLC**  |  |  |
| 3.625% due 10/01/2031  | 225 | 200 |
| 4.625% due 06/01/2028  | 200 | 196 |
| 5.000% due 12/15/2027  | 350 | 349 |
| 5.625% due 02/15/2029  | 700 | 692 |
| **Mauser Packaging Solutions Holding Co.**  |  |  |
| 7.875% due 04/15/2030  | 1200 | 1201 |
| 9.250% due 04/15/2030  | 500 | 465 |
| **Medline Borrower LP** <br>3.875% due 04/01/2029 | 2900 | 2807 |
| **Merlin Entertainments Group U.S. Holdings, Inc.** <br>7.375% due 02/15/2031 | 400 | 334 |
| **MGM China Holdings Ltd.** <br>4.750% due 02/01/2027 | 1050 | 1038 |
| **Michaels Cos., Inc.** <br>8.500% due 03/15/2033 | 525 | 512 |
| **Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp.** <br>4.875% due 05/01/2029 | 1450 | 1407 |
| **Mineral Resources Ltd.** <br>7.000% due 04/01/2031 | 200 | 205 |
| **Miter Brands Acquisition Holdco, Inc./MIWD Borrower LLC** <br>6.750% due 04/01/2032 | 2050 | 1965 |
| **Moss Creek Resources Holdings, Inc.** <br>8.250% due 09/01/2031 | 279 | 279 |
| **Motion Finco SARL** <br>8.375% due 02/15/2032 | 275 | 228 |
| **Murphy Oil Corp.** <br>6.500% due 02/15/2034 | 200 | 198 |
| **Murphy Oil USA, Inc.**  |  |  |
| 3.750% due 02/15/2031  | 1000 | 930 |
| 4.750% due 09/15/2029  | 20 | 20 |
| **Nabors Industries, Inc.** <br>7.625% due 11/15/2032 | 1825 | 1869 |
| **National Mentor Holdings, Inc.** <br>10.500% due 12/15/2030 | 900 | 930 |
| **NCR Atleos Corp.** <br>9.500% due 04/01/2029 | 725 | 777 |
| **NCR Voyix Corp.**  |  |  |
| 5.125% due 04/15/2029  | 375 | 359 |
| 5.250% due 10/01/2030  | 600 | 569 |
| **Neptune Bidco U.S., Inc.**  |  |  |
| 9.290% due 04/15/2029  | 500 | 502 |
| 9.500% due 02/15/2033  | 575 | 559 |
| 10.375% due 05/15/2031  | 1200 | 1212 |
| **Newfold Digital Holdings Group, Inc.** <br>9.419% due 04/30/2029 | 132 | 106 |
| **Nexstar Media, Inc.**  |  |  |
| 5.625% due 07/15/2027  | 1125 | 1126 |
| 6.500% due 09/15/2033  | 865 | 872 |
| **Nissan Motor Co. Ltd.**  |  |  |
| 4.810% due 09/17/2030  | 625 | 568 |
| 7.500% due 07/17/2030  | 800 | 807 |
| 7.750% due 07/17/2032  | 350 | 355 |
| 8.125% due 07/17/2035  | 250 | 257 |
| **Noble Finance II LLC** <br>8.000% due 04/15/2030 | 2225 | 2292 |
| **Northriver Midstream Finance LP** <br>6.750% due 07/15/2032 | 875 | 878 |
| **NOVA Chemicals Corp.** <br>4.250% due 05/15/2029 | 325 | 316 |
| **Novelis Corp.** <br>4.750% due 01/30/2030 | 975 | 923 |
| **NuStar Logistics LP** <br>6.375% due 10/01/2030 | 125 | 129 |
| **OAK-Eagle Acquireco, Inc.**  |  |  |
| 7.250% due 07/01/2033 (a)  | 730 | 757 |
| 8.750% due 07/01/2034 (a)  | 400 | 419 |
| **Olin Corp.** <br>6.625% due 04/01/2033 | 550 | 539 |
| **Olympus Water U.S. Holding Corp.**  |  |  |
| 4.250% due 10/01/2028  | 1075 | 1028 |

---

------

<br> Schedule of Investments PIMCO High Yield Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 7.250% due 02/15/2033  | 150 | 143 |
| **ON Semiconductor Corp.** <br>3.875% due 09/01/2028 | 1575 | 1521 |
| **Ontario Gaming GTA LP/OTG Co-Issuer, Inc.** <br>8.000% due 08/01/2030 | 100 | 96 |
| **Open Text Corp.** <br>3.875% due 02/15/2028 | 1550 | 1494 |
| **Open Text Holdings, Inc.** <br>4.125% due 02/15/2030 | 300 | 268 |
| **Option Care Health, Inc.** <br>4.375% due 10/31/2029 | 675 | 651 |
| **Paradigm Parent LLC & Paradigm Parent Co-Issuer, Inc.** <br>8.750% due 04/17/2032 | 300 | 267 |
| **Paramount Global**  |  |  |
| 3.375% due 02/15/2028  | 75 | 73 |
| 3.700% due 06/01/2028  | 450 | 435 |
| 4.375% due 03/15/2043  | 400 | 242 |
| 4.600% due 01/15/2045  | 1075 | 643 |
| 4.850% due 07/01/2042  | 150 | 96 |
| 4.900% due 08/15/2044  | 550 | 342 |
| 4.950% due 01/15/2031  | 525 | 487 |
| 5.250% due 04/01/2044  | 100 | 63 |
| 5.850% due 09/01/2043  | 925 | 643 |
| 6.875% due 04/30/2036  | 200 | 176 |
| 7.875% due 07/30/2030  | 75 | 78 |
| **Park River Holdings, Inc.** <br>8.000% due 03/15/2031 | 125 | 125 |
| **Performance Food Group, Inc.**  |  |  |
| 4.250% due 08/01/2029  | 2025 | 1947 |
| 5.625% due 03/01/2034  | 875 | 845 |
| **Permian Resources Operating LLC**  |  |  |
| 6.250% due 02/01/2033  | 1131 | 1153 |
| 8.000% due 04/15/2027  | 100 | 100 |
| **Perrigo Finance Unlimited Co.** <br>6.125% due 09/30/2032 | 700 | 639 |
| **Petco Health & Wellness Co., Inc.** <br>8.250% due 02/01/2031 | 220 | 220 |
| **PetSmart LLC/PetSmart Finance Corp.** <br>7.500% due 09/15/2032 | 450 | 453 |
| **Pilgrim's Pride Corp.** <br>3.500% due 03/01/2032 | 2000 | 1817 |
| **Post Holdings, Inc.**  |  |  |
| 4.500% due 09/15/2031  | 950 | 884 |
| 4.625% due 04/15/2030  | 1225 | 1177 |
| 6.250% due 10/15/2034  | 275 | 270 |
| 6.375% due 03/01/2033  | 300 | 296 |
| 6.500% due 03/15/2036  | 2375 | 2328 |
| **Prestige Brands, Inc.** <br>5.125% due 01/15/2028 | 342 | 342 |
| **Prime Healthcare Services, Inc.** <br>9.375% due 09/01/2029 | 575 | 597 |
| **Prime Security Services Borrower LLC/Prime Finance, Inc.**  |  |  |
| 3.375% due 08/31/2027  | 800 | 779 |
| 5.750% due 04/15/2026  | 55 | 55 |
| **Primo Water Holdings, Inc./Triton Water Holdings, Inc.** <br>4.375% due 04/30/2029 | 2125 | 2066 |
| **PTC, Inc.** <br>4.000% due 02/15/2028 | 1175 | 1146 |
| **Quikrete Holdings, Inc.** <br>6.375% due 03/01/2032 | 1775 | 1801 |
| **QXO Building Products, Inc.** <br>6.750% due 04/30/2032 | 1000 | 1021 |
| **Rakuten Group, Inc.** <br>8.125% due 12/15/2029 •(e) | 225 | 223 |
| **Rand Parent LLC** <br>8.500% due 02/15/2030 | 300 | 308 |
| **Range Resources Corp.** <br>4.750% due 02/15/2030 | 450 | 439 |
| **Raven Acquisition Holdings LLC** <br>6.875% due 11/15/2031 | 375 | 362 |
| **RB Global Holdings, Inc.** <br>6.750% due 03/15/2028 | 1475 | 1495 |
| **ROBLOX Corp.** <br>3.875% due 05/01/2030 | 1175 | 1105 |
| **Roller Bearing Co. of America, Inc.** <br>4.375% due 10/15/2029 | 975 | 949 |
| **RR Donnelley & Sons Co.** <br>9.500% due 08/01/2029 | 200 | 203 |
| **Ryan Specialty LLC** <br>5.875% due 08/01/2032 | 575 | 569 |
| **Sable International Finance Ltd.** <br>7.125% due 10/15/2032 | 500 | 494 |
| **SCIH Salt Holdings, Inc.** <br>4.875% due 05/01/2028 | 575 | 569 |
| **Seadrill Finance Ltd.** <br>8.375% due 08/01/2030 | 1475 | 1526 |

---

------

<br> Schedule of Investments PIMCO High Yield Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Seagate Data Storage Technology Pte. Ltd.**  |  |  |
| 4.091% due 06/01/2029  | 325 | 315 |
| 8.250% due 12/15/2029  | 925 | 972 |
| 9.625% due 12/01/2032  | 989 | 1100 |
| **Service Corp. International**  |  |  |
| 3.375% due 08/15/2030  | 775 | 716 |
| 4.000% due 05/15/2031  | 225 | 210 |
| **Simmons Foods, Inc./Simmons Prepared Foods, Inc./Simmons Pet Food, Inc./Simmons Feed** <br>4.625% due 03/01/2029 | 1825 | 1758 |
| **Sirius XM Radio LLC**  |  |  |
| 3.875% due 09/01/2031  | 500 | 454 |
| 4.000% due 07/15/2028  | 800 | 773 |
| 5.000% due 08/01/2027  | 250 | 250 |
| **SM Energy Co.**  |  |  |
| 6.625% due 01/15/2027  | 200 | 200 |
| 8.750% due 07/01/2031  | 2100 | 2196 |
| **Smyrna Ready Mix Concrete LLC** <br>6.000% due 11/01/2028 | 1103 | 1095 |
| **Snap, Inc.**  |  |  |
| 6.875% due 03/01/2033  | 824 | 779 |
| 6.875% due 03/15/2034  | 1675 | 1577 |
| **Specialty Building Products Holdings LLC/SBP Finance Corp.** <br>7.750% due 10/15/2029 | 1525 | 1325 |
| **Spectrum Brands, Inc.** <br>3.875% due 03/15/2031 | 6 | 5 |
| **Speedway Motorsports LLC/Speedway Funding II, Inc.** <br>4.875% due 11/01/2027 | 1451 | 1446 |
| **SS&C Technologies, Inc.** <br>6.500% due 06/01/2032 | 500 | 500 |
| **Stagwell Global LLC** <br>5.625% due 08/15/2029 | 1990 | 1896 |
| **Standard Industries, Inc.**  |  |  |
| 3.375% due 01/15/2031  | 225 | 202 |
| 4.375% due 07/15/2030  | 625 | 590 |
| 4.750% due 01/15/2028  | 1000 | 989 |
| **Station Casinos LLC**  |  |  |
| 4.500% due 02/15/2028  | 575 | 564 |
| 4.625% due 12/01/2031  | 1175 | 1098 |
| **Stonepeak Nile Parent LLC** <br>7.250% due 03/15/2032 | 350 | 365 |
| **Sunoco LP**  |  |  |
| 5.625% due 03/15/2031  | 675 | 672 |
| 6.250% due 07/01/2033  | 800 | 804 |
| **Sunoco LP/Sunoco Finance Corp.** <br>4.500% due 05/15/2029 | 550 | 537 |
| **SV RNO Property Owner 1 LLC** <br>5.875% due 03/01/2031 | 725 | 717 |
| **Synergy Infrastructure Holdings LLC** <br>7.875% due 12/01/2030 | 225 | 230 |
| **Taylor Morrison Communities, Inc.** <br>5.750% due 11/15/2032 | 100 | 100 |
| **Teleflex, Inc.** <br>4.250% due 06/01/2028 | 300 | 292 |
| **Tenet Healthcare Corp.**  |  |  |
| 4.250% due 06/01/2029  | 1225 | 1189 |
| 4.375% due 01/15/2030  | 1350 | 1308 |
| 5.125% due 11/01/2027  | 450 | 450 |
| **TGS ASA** <br>8.500% due 01/15/2030 | 1050 | 1101 |
| **Thor Industries, Inc.** <br>4.000% due 10/15/2029 | 1500 | 1417 |
| **Tidewater, Inc.** <br>9.125% due 07/15/2030 | 855 | 912 |
| **TK Elevator U.S. Newco, Inc.** <br>5.250% due 07/15/2027 | 200 | 200 |
| **TopBuild Corp.**  |  |  |
| 3.625% due 03/15/2029  | 1375 | 1311 |
| 4.125% due 02/15/2032  | 775 | 715 |
| **Toucan FinCo Ltd./Toucan FinCo Can, Inc./Toucan FinCo U.S. LLC** <br>9.500% due 05/15/2030 | 1150 | 1017 |
| **TransDigm, Inc.**  |  |  |
| 4.625% due 01/15/2029  | 1825 | 1794 |
| 6.000% due 01/15/2033  | 725 | 725 |
| 6.375% due 05/31/2033  | 700 | 697 |
| 6.875% due 12/15/2030  | 875 | 897 |
| **Transocean Aquila Ltd.** <br>8.000% due 09/30/2028 | 369 | 380 |
| **Transocean International Ltd.**  |  |  |
| 7.875% due 10/15/2032  | 250 | 267 |
| 8.250% due 05/15/2029  | 75 | 78 |
| 8.500% due 05/15/2031  | 500 | 525 |
| 8.750% due 02/15/2030  | 455 | 475 |
| **TriNet Group, Inc.** <br>3.500% due 03/01/2029 | 300 | 272 |
| **Twilio, Inc.** <br>3.625% due 03/15/2029 | 1325 | 1268 |

---

------

<br> Schedule of Investments PIMCO High Yield Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **U.S. Acute Care Solutions LLC** <br>9.750% due 05/15/2029 | 200 | 193 |
| **U.S. Foods, Inc.**  |  |  |
| 4.625% due 06/01/2030  | 2250 | 2193 |
| 4.750% due 02/15/2029  | 700 | 691 |
| **Under Armour, Inc.** <br>7.250% due 07/15/2030 | 525 | 532 |
| **United Rentals North America, Inc.**  |  |  |
| 3.750% due 01/15/2032  | 600 | 551 |
| 3.875% due 02/15/2031  | 1050 | 988 |
| 4.000% due 07/15/2030  | 2325 | 2210 |
| 6.125% due 03/15/2034  | 1400 | 1419 |
| **Univision Communications, Inc.**  |  |  |
| 4.500% due 05/01/2029  | 900 | 846 |
| 8.000% due 08/15/2028  | 775 | 787 |
| 8.500% due 07/31/2031  | 775 | 779 |
| 9.375% due 08/01/2032  | 600 | 619 |
| **Valaris Ltd.** <br>8.375% due 04/30/2030 | 1400 | 1451 |
| **Venture Global Calcasieu Pass LLC**  |  |  |
| 3.875% due 08/15/2029  | 1050 | 999 |
| 3.875% due 11/01/2033  | 1500 | 1330 |
| 4.125% due 08/15/2031  | 500 | 464 |
| **Venture Global LNG, Inc.**  |  |  |
| 7.000% due 01/15/2030  | 1950 | 1992 |
| 9.500% due 02/01/2029  | 750 | 811 |
| 9.875% due 02/01/2032  | 2325 | 2498 |
| **Venture Global Plaquemines LNG LLC**  |  |  |
| 6.125% due 12/15/2030  | 350 | 360 |
| 6.500% due 01/15/2034  | 725 | 756 |
| 6.500% due 06/15/2034  | 375 | 391 |
| 6.750% due 01/15/2036  | 650 | 689 |
| 7.750% due 05/01/2035  | 200 | 224 |
| **Veritiv Operating Co.** <br>10.500% due 11/30/2030 | 200 | 208 |
| **Vertiv Group Corp.** <br>4.125% due 11/15/2028 | 600 | 591 |
| **Viking Cruises Ltd.**  |  |  |
| 5.875% due 10/15/2033  | 765 | 756 |
| 9.125% due 07/15/2031  | 175 | 185 |
| **Virgin Media Finance PLC** <br>5.000% due 07/15/2030 | 50 | 41 |
| **Virgin Media Secured Finance PLC**  |  |  |
| 4.500% due 08/15/2030  | 750 | 666 |
| 5.500% due 05/15/2029  | 2098 | 2013 |
| **VistaJet Malta Finance PLC/Vista Management Holding, Inc.**  |  |  |
| 6.375% due 02/01/2030  | 1700 | 1470 |
| 7.875% due 05/01/2027  | 150 | 148 |
| 9.500% due 06/01/2028  | 590 | 577 |
| **Vmed O2 U.K. Financing I PLC** <br>4.250% due 01/31/2031 | 2100 | 1805 |
| **VOC Escrow Ltd.** <br>5.000% due 02/15/2028 | 1300 | 1295 |
| **Voyager Parent LLC** <br>9.250% due 07/01/2032 | 1035 | 1075 |
| **VZ Secured Financing BV** <br>5.000% due 01/15/2032 | 2000 | 1716 |
| **Wayfair LLC**  |  |  |
| 7.250% due 10/31/2029  | 775 | 792 |
| 7.750% due 09/15/2030  | 375 | 391 |
| **WBI Operating LLC** <br>6.250% due 10/15/2030 | 500 | 503 |
| **Weatherford International Ltd.** <br>6.750% due 10/15/2033 | 2125 | 2173 |
| **WESCO Distribution, Inc.** <br>5.250% due 04/15/2031 | 800 | 797 |
| **WEX, Inc.** <br>6.500% due 03/15/2033 | 100 | 98 |
| **Whirlpool Corp.** <br>6.500% due 06/15/2033 | 200 | 190 |
| **White Cap Supply Holdings LLC** <br>7.375% due 11/15/2030 | 200 | 194 |
| **WR Grace Holdings LLC** <br>7.000% due 08/01/2033 | 300 | 292 |
| **Wyndham Hotels & Resorts, Inc.** <br>4.375% due 08/15/2028 | 1000 | 977 |
| **Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.** <br>5.250% due 05/15/2027 | 2200 | 2193 |
| **Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.**  |  |  |
| 5.125% due 10/01/2029  | 875 | 864 |
| 6.250% due 03/15/2033  | 525 | 520 |
| 7.125% due 02/15/2031  | 25 | 26 |
| **XPLR Infrastructure Operating Partners LP** <br>4.500% due 09/15/2027 | 425 | 421 |
| **Yum! Brands, Inc.**  |  |  |
| 3.625% due 03/15/2031  | 200 | 185 |

---

------

<br> Schedule of Investments PIMCO High Yield Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.625% due 01/31/2032  | 1950 | 1863 |
| **Zayo Group Holdings, Inc. (5.750% Cash and 0.500% PIK)** <br>6.250% due 03/09/2030 (b) | 790 | 786 |
| **Zebra Technologies Corp.** <br>6.500% due 06/01/2032 | 400 | 403 |
| **ZF North America Capital, Inc.**  |  |  |
| 6.750% due 04/23/2030  | 700 | 678 |
| 6.875% due 04/23/2032  | 50 | 48 |
| 7.125% due 04/14/2030  | 600 | 592 |
| 7.500% due 03/24/2031  | 700 | 688 |
| **ZoomInfo Technologies LLC/ZoomInfo Finance Corp.** <br>3.875% due 02/01/2029 | 225 | 187 |
|  |  | 291609 |
| **UTILITIES 3.6%**  |  |  |
| **Aethon United BR LP/Aethon United Finance Corp.** <br>7.500% due 10/01/2029 | 700 | 730 |
| **Antero Midstream Partners LP/Antero Midstream Finance Corp.** <br>5.750% due 01/15/2028 | 200 | 200 |
| **Archrock Partners LP/Archrock Partners Finance Corp.** <br>6.250% due 04/01/2028 | 400 | 400 |
| **Clearway Energy Operating LLC**  |  |  |
| 3.750% due 01/15/2032  | 900 | 821 |
| 4.750% due 03/15/2028  | 675 | 666 |
| 5.750% due 01/15/2034  | 555 | 546 |
| **Constellation Energy Generation LLC** <br>3.750% due 03/01/2031 | 1050 | 1002 |
| **Electricite de France SA** <br>9.125% due 03/15/2033 •(e) | 500 | 579 |
| **Embarq LLC** <br>7.995% due 06/01/2036 | 1000 | 321 |
| **EUSHI Finance, Inc.** <br>7.625% due 12/15/2054 •  | 375 | 388 |
| **Frontier Florida LLC** <br>6.860% due 02/01/2028 | 150 | 155 |
| **Genesis Energy LP/Genesis Energy Finance Corp.**  |  |  |
| 6.750% due 03/15/2034  | 550 | 548 |
| 7.875% due 05/15/2032  | 775 | 798 |
| 8.000% due 05/15/2033  | 475 | 491 |
| 8.250% due 01/15/2029  | 400 | 414 |
| 8.875% due 04/15/2030  | 150 | 157 |
| **Hawaiian Electric Co., Inc.** <br>6.000% due 10/01/2033 | 225 | 225 |
| **Hilcorp Energy I LP/Hilcorp Finance Co.** <br>6.250% due 04/15/2032 | 1400 | 1356 |
| **NGL Energy Operating LLC/NGL Energy Finance Corp.**  |  |  |
| 8.125% due 02/15/2029  | 25 | 26 |
| 8.375% due 02/15/2032  | 400 | 412 |
| **NRG Energy, Inc.**  |  |  |
| 5.750% due 01/15/2028  | 500 | 501 |
| 5.750% due 07/15/2029  | 725 | 724 |
| **PacifiCorp** <br>7.125% due 08/15/2056 •  | 925 | 874 |
| **PBF Holding Co. LLC/PBF Finance Corp.**  |  |  |
| 6.000% due 02/15/2028  | 600 | 598 |
| 7.875% due 09/15/2030  | 200 | 206 |
| **PG&E Corp.** <br>6.850% due 09/15/2056 •  | 525 | 519 |
| **Talen Energy Supply LLC** <br>8.625% due 06/01/2030 | 600 | 630 |
| **Vistra Operations Co. LLC**  |  |  |
| 5.000% due 07/31/2027  | 575 | 573 |
| 5.625% due 02/15/2027  | 900 | 900 |
| 6.875% due 04/15/2032  | 11 | 11 |
|  |  | 15771 |
| Total Corporate Bonds & Notes (Cost $356,450) |  | 355723 |
| **CONVERTIBLE BONDS & NOTES 0.3%**  |  |  |
| **INDUSTRIALS 0.3%**  |  |  |
| **ams-OSRAM AG** <br>2.125% due 11/03/2027 | 900 | 1005 |
| Total Convertible Bonds & Notes (Cost $876) |  | 1005 |
| **MUNICIPAL BONDS & NOTES 0.0%**  |  |  |
| **ARIZONA 0.0%**  |  |  |
| **Maricopa County, Arizona Industrial Development Authority Revenue Notes, Series 2024** <br>7.375% due 10/01/2029 | $100 | 105 |

---

------

<br> Schedule of Investments PIMCO High Yield Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total Municipal Bonds & Notes (Cost $100) |  | 105 |
| **U.S. TREASURY OBLIGATIONS 6.9%**  |  |  |
| **U.S. Treasury Notes**  |  |  |
| 3.375% due 12/31/2027 | 7700 | 7641 |
| 3.875% due 04/30/2030 | 6125 | 6119 |
| 4.125% due 09/30/2027 (g) | 10900 | 10946 |
| 4.125% due 02/15/2036 | 5750 | 5661 |
| Total U.S. Treasury Obligations (Cost $30,437) |  | 30367 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 0.1%**  |  |  |
| **Bear Stearns ALT-A Trust** <br>4.126% due 11/25/2036 ~ | 207 | 87 |
| **CHL Mortgage Pass-Through Trust**  |  |  |
| 4.001% due 05/20/2036 ~  | 84 | 79 |
| 4.433% due 03/25/2035 •  | 13 | 12 |
| **Countrywide Alternative Loan Trust** <br>4.250% due 05/20/2046 •  | 29 | 27 |
| **GSR Mortgage Loan Trust** <br>6.559% due 04/25/2035 ~ | 1 | 1 |
| **IndyMac IMSC Mortgage Loan Trust** <br>6.000% due 07/25/2037 | 182 | 122 |
| **WaMu Mortgage Pass-Through Certificates Trust** <br>4.260% due 12/25/2036 ~ | 98 | 90 |
| **Washington Mutual Mortgage Pass-Through Certificates Trust** <br>4.829% due 05/25/2046 •  | 9 | 9 |
| Total Non-Agency Mortgage-Backed Securities (Cost $425) |  | 427 |
| **ASSET-BACKED SECURITIES 0.0%**  |  |  |
| **HOME EQUITY OTHER 0.0%**  |  |  |
| **C-BASS Trust** <br>3.304% due 01/25/2037 •  | 59 | 17 |
| Total Asset-Backed Securities (Cost $47) |  | 17 |
| **SHORT-TERM INSTRUMENTS 0.4%**  |  |  |
| **SHORT-TERM NOTES 0.1%**  |  |  |
| **Federal Home Loan Bank Discount Notes**<br>3.631% due 06/22/2026 (d) | 400 | 397 |
| **U.S. TREASURY BILLS 0.3%**  |  |  |
| 3.701% due 04/30/2026 - 05/26/2026 (c)(d)(g) | 1400 | 1395 |
| Total Short-Term Instruments (Cost $1,792) |  | 1792 |
| Total Investments in Securities (Cost $408,075) |  | 407401 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 4.6%**  |  |  |
| **SHORT-TERM INSTRUMENTS 4.6%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 4.6%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 2086126 | 20317 |
| Total Short-Term Instruments (Cost $20,309) |  | 20317 |
| Total Investments in Affiliates (Cost $20,309) |  | 20317 |
| Total Investments 97.3% (Cost $428,384) |  | $427718 |
| **Financial Derivative Instruments (f)(h) 0.2**%(Cost or Premiums, net $4,367) |  | 759 |
| Other Assets and Liabilities, net 2.5% |  | 11299 |
| Net Assets 100.0% |  | $439776 |

---

------

<br> Schedule of Investments PIMCO High Yield Portfolio (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:**  |
| **\* 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.** |
| **«** | **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.** |
| **•** | **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.** |
| **(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.** |
| **(b)** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** |
| **(c)** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** |
| **(d)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(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.** |
| **(f)** | **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:** |
| **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 | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| 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 | 126 | 26138 | $(49) | (49) | 10 | 10 | 0 |
| U.S. Treasury 5-Year Note June Futures  | U.S. Treasury 5-Year Note June Futures  | U.S. Treasury 5-Year Note June Futures  | 06/2026 | 06/2026 | 124 | 13414 | (178) | (178) | 18 | 18 | 0 |
| U.S. Treasury 10-Year Note June Futures  | U.S. Treasury 10-Year Note June Futures  | U.S. Treasury 10-Year Note June Futures  | 06/2026 | 06/2026 | 158 | 17545 | (131) | (131) | 37 | 37 | 0 |
| U.S. Treasury 10-Year Ultra Long-Term Bond June Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond June Futures  | U.S. Treasury 10-Year Ultra Long-Term Bond June Futures  | 06/2026 | 06/2026 | 149 | 16914 | (377) | (377) | 44 | 44 | 0 |
| U.S. Treasury Ultra Long-Term Bond June Futures  | U.S. Treasury Ultra Long-Term Bond June Futures  | U.S. Treasury Ultra Long-Term Bond June Futures  | 06/2026 | 06/2026 | 37 | 4313 | (186) | (186) | 8 | 8 | 0 |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **(921)** | **$** | **117** | **$** | **0** |
| **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> |
|  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Reference Entity | 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 | Liability |
| Bombardier, Inc.  | 06/20/2029 | 0.850 | 0.850 | % | $1400 | 188 | (10) | 178 | 178 | 3 | 0 |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Index/Tranches | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date |  | 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 | Liability |
| CDX.HY-45 5-Year Index  | Quarterly | 12/20/2030 | 12/20/2030 | $ | 51728 | 3642 | (832) | 2810 | 2810 | 465 | 0 |
| CDX.HY-46 5-Year Index  | Quarterly | 06/20/2031 | 06/20/2031 |  | 17275 | 724 | 133 | 857 | 857 | 110 | (2) |
|  |  |  |  |  |  | 4366 | (699) | 3667 | 3667 | 575 | (2) |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Payment<br>Frequency | Maturity<br>Date | 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 | Liability |
| Receive | Annual | 12/17/2035 | 12/17/2035 | 12/17/2035 | 14400 | $(109) | 229 | 120 | 120 | 0 | $(12) |
| Receive | Annual | 03/18/2056 | 03/18/2056 | 03/18/2056 | 4025 | (70) | 163 | 93 | 93 | 16 | 0 |
|  |  |  |  |  |  | (179) | 392 | 213 | 213 | 16 | (12) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **4375** | **(317)** | **4058** | **4058** | **594** | **(14)** |

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<br> Schedule of Investments PIMCO High Yield Portfolio (Cont.) March 31, 2026 (Unaudited)

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| **(g)** | **Securities with an aggregate market value of $6,196 and cash of $2,526 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 $6,196 and cash of $2,526 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 $6,196 and cash of $2,526 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 $6,196 and cash of $2,526 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 $6,196 and cash of $2,526 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 $6,196 and cash of $2,526 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 $6,196 and cash of $2,526 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 $6,196 and cash of $2,526 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 $6,196 and cash of $2,526 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 $6,196 and cash of $2,526 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 $6,196 and cash of $2,526 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 $6,196 and cash of $2,526 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 $6,196 and cash of $2,526 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 $6,196 and cash of $2,526 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 $6,196 and cash of $2,526 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. |
| <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. |
| <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. |
| <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. |
| **(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** |
| **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> |
| &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | 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 | Currency to<br>be Received | Asset | Asset | Asset | Asset | Liability |
| &nbsp;&nbsp;&nbsp;&nbsp; AZD | &nbsp;&nbsp;&nbsp;&nbsp; AZD | 04/2026  | 246 | 246 | 246 | 246 | $ | 179 | 179 | 179 | $3 | 3 | 3 | 3 | $0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | 04/2026  | $2780 | 2780 | 2780 | 2780 | EUR | 2419 | 2419 | 2419 | 16 | 16 | 16 | 16 | 0 |
|  |  | 05/2026  | 2419 | 2419 | 2419 | 2419 | $ | 2784 | 2784 | 2784 | 0 | 0 | 0 | 0 | (16) |
| &nbsp;&nbsp;&nbsp;&nbsp; IND | &nbsp;&nbsp;&nbsp;&nbsp; IND | 04/2026  | 2419 | 2419 | 2419 | 2419 |  | 2856 | 2856 | 2856 | 60 | 60 | 60 | 60 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | &nbsp;&nbsp;&nbsp;&nbsp; SCX | 04/2026  | $178 | 178 | 178 | 178 | CAD | 246 | 246 | 246 | 0 | 0 | 0 | 0 | (1) |
|  |  | 05/2026  | 245 | 245 | 245 | 245 | $ | 178 | 178 | 178 | 1 | 1 | 1 | 1 | 0 |
| **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **$** | **80** | **80** | **80** | **$** | **(17)** |
| **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> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(4)</sup> | <u>Swap Agreements, at Value</u><sup>(4)</sup> |
| Counterparty | 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/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) |  | Asset |
| GST | Soft Bank Group,Inc.  | 1.000% | Quarterly | 06/20/2026 | 06/20/2026 | 1.662% | 1.662% | 1.662% | $975 | $ | (8) | $7 | 7 | $ | 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** | **$** | **(8)** | $**7** | **7** | **$** | **0** |
| <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. |
| <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. |
| <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. |
| <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. |
| **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 | Level 1 | 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 | 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 | $0 | 0 | 0 | 0 | 17944 | 17944 | 21 | 21 | $ | $17965 | 17965 |
| 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 | 0 | 48343 | 48343 | 0 | 0 |  | 48343 | 48343 |
| Industrials | Industrials | Industrials | Industrials | Industrials | 0 | 0 | 0 | 0 | 291609 | 291609 | 0 | 0 |  | 291609 | 291609 |
| Utilities | Utilities | Utilities | Utilities | Utilities | 0 | 0 | 0 | 0 | 15771 | 15771 | 0 | 0 |  | 15771 | 15771 |
| Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes |
| Industrials | Industrials | Industrials | Industrials | Industrials | 0 | 0 | 0 | 0 | 1005 | 1005 | 0 | 0 |  | 1005 | 1005 |
| 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 |
| Arizona | Arizona | Arizona | Arizona | Arizona | 0 | 0 | 0 | 0 | 105 | 105 | 0 | 0 |  | 105 | 105 |
| U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 0 | 0 | 0 | 30367 | 30367 | 0 | 0 |  | 30367 | 30367 |
| 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 | 0 | 427 | 427 | 0 | 0 |  | 427 | 427 |
| 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 |
| Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | 0 | 0 | 0 | 0 | 17 | 17 | 0 | 0 |  | 17 | 17 |
| 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 |

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<br> Schedule of Investments PIMCO High Yield Portfolio (Cont.) March 31, 2026 (Unaudited)

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| | | | | |
|:---|:---|:---|:---|:---|
| Short-Term Notes | 0 | 397 | 0 | 397 |
| U.S. Treasury Bills | 0 | 1395 | 0 | 1395 |
|  | $0 | $407380 | $21 | $407401 |
| **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 |
| Central Funds Used for Cash Management Purposes | $20317 | $0 | $0 | $20317 |
| Total Investments | $20317 | $407380 | $21 | $427718 |
| **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 | 0 | 711 | 0 | 711 |
| Over the counter | 0 | 80 | 0 | 80 |
|  | $0 | $791 | $0 | $791 |
| **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 | 0 | (14) | 0 | (14) |
| Over the counter | 0 | (18) | 0 | (18) |
|  | $0 | $(32) | $0 | $(32) |
| Total Financial Derivative Instruments | $0 | $759 | $0 | $759 |
| Totals | $20317 | $408139 | $21 | $428477 |
| **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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------

Notes to Financial Statements

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

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

**(a) Investment Valuation Policies** The net asset value ("NAV") of the Portfolio's shares, or each of its share classes, as applicable, is determined by dividing the total value of portfolio investments and other assets attributable to the 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, the 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 Portfolio or its agents after the time as of which NAV has been calculated on a particular day will not generally be used to retroactively adjust the price of a security or the NAV determined earlier that day. If regular trading on the NYSE closes earlier than scheduled, the Portfolio may calculate its NAV as of the earlier closing time or calculate its NAV as of the NYSE Close for that day. The 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, the Portfolio may calculate its NAV as of the NYSE Close for such day or such other time that the 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 the 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 Portfolio will normally use pricing data for domestic equity securities received shortly after the NYSE Close and does not normally take into account trading, clearances or settlements that take place after the NYSE Close. A foreign (non-U.S.) equity security traded on a foreign exchange or on more than one exchange is typically valued using pricing information from the exchange considered by Pacific Investment Management Company LLC ("PIMCO") to be the primary exchange. If market value pricing is used, a foreign (non-U.S.) equity security will be valued as of the close of trading on the foreign exchange, or the NYSE Close, if the NYSE Close occurs before the end of trading on the foreign exchange.

Investments for which market quotations are not readily available are valued at fair value as determined in good faith pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended (the "Act"). As a general principle, the fair value of a security or other asset is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Pursuant to Rule 2a-5, the Board of Trustees has designated PIMCO as the valuation designee ("Valuation Designee") for the 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 the 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. Open-end management investment companies may include affiliated funds.

If a foreign (non-U.S.) equity security's value has materially changed after the close of the security's primary exchange or principal market but before the NYSE Close, the security may be valued at fair value. Foreign (non-U.S.) equity securities that do not trade when the NYSE is open are also valued at fair value. With respect to foreign (non-U.S.) equity securities, the 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. The 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 the Trust is not open for business, which may result in the 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 the 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 the Trust is not open for business. As a result, to the extent that the 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 the 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 the 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 the 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 the Portfolio may differ from the value that would be realized if the securities were sold. The Portfolio's use of fair valuation may also help to deter "stale price arbitrage" as discussed under the " Frequent or Excessive Purchases, Exchanges and Redemptions " section in the Portfolio's prospectus.

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

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

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Notes to Financial Statements (Cont.)

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

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

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

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

In accordance with the requirements of U.S. GAAP, the amounts of transfers into and out of Level 3, if material, are disclosed in the Notes to Schedule of Investments for the 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 of the Portfolio's assets and liabilities. Additionally, U.S. GAAP requires quantitative information regarding the significant unobservable inputs used in the determination of fair value of assets or liabilities categorized as Level 3 in the fair value hierarchy. In accordance with the requirements of U.S. GAAP, a fair value hierarchy and, if material, a Level 3 reconciliation and details of significant unobservable inputs, have been included in the Notes to Schedule of Investments for the 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 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 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

------

Notes to Financial Statements (Cont.)

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.

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

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

**2. FEDERAL INCOME TAX MATTERS**

The 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.

The 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 Portfolio's tax positions for all open tax years. As of March 31, 2026, the Portfolio has recorded no liability for net unrecognized tax benefits relating to uncertain income tax positions it has taken or expects to take in future tax returns.

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

Shares of the Portfolio currently are sold to segregated asset accounts ("Separate Accounts") of insurance companies that fund variable annuity contracts and variable life insurance policies ("Variable Contracts"). Please refer to the prospectus for the Separate Account and Variable Contract for information regarding Federal income tax treatment of distributions to the Separate Account.

**3. INVESTMENTS IN AFFILIATES** 

The 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 the Act, rules thereunder or exemptive relief therefrom. The Central Funds are registered investment companies created for use solely by the series of the Trust and other series of registered investment companies advised by the Adviser, in connection with their cash management activities. The main investments of the Central Funds are money market and short maturity fixed income instruments. The Central Funds may incur expenses related to their investment activities, but do not pay Investment Advisory Fees or Supervisory and Administrative Fees to the Adviser. The Central Funds are considered to be affiliated with the Portfolio. 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 Portfolio's website at www.pimco.com, or upon request, as applicable. The table below shows the Portfolio's transactions in and earnings from investments in the affiliated funds for the period ended March 31, 2026 (amounts in thousands<sup>†</sup>):

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **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> |
| $36751 | $52570 | $(69000) | $14 | $(18) | $20317 | $276 | $0 |

---

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

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

------

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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 | **GST** | Goldman Sachs International | **SCX** | Standard Chartered Bank, London |
| **BOA** | Bank of America N.A. | **IND** | Crédit Agricole Corporate and Investment Bank <br> S.A. |  |  |
| **Currency Abbreviations:** | **Currency Abbreviations:** |  |  |  |  |
| **CAD** | Canadian Dollar | **EUR** | Euro | **USD (or $)** | United States Dollar |
| **Index/Spread Abbreviations:** | **Index/Spread Abbreviations:** |  |  |  |  |
| **BNMMDTSC** | Dreyfus Treasury Securites Cash Management Fund Yield | **EUR003M** | 3 Month EUR Swap Rate | **JMMMUSTF** | JP Morgan Money Market US Treasury Fund Index |
| **BRMMUSDF** | BlackRock Money Market US Treasury Fund Index | **FHMMUSTF** | Federated Hermes US Treasury Cash Reserves <br> Fund Yield | **SOFR** | Secured Overnight Financing Rate |
| **CAONINDX** | Bloomberg CORRA Compounded Index | **GSMMUSTI** | Goldman Sachs Money Market US Treasury <br> Instrument Index | **TSFR1M** | Term SOFR 1-Month |
| **CDX.HY** | Credit Derivatives Index - High Yield | **HSMMUSTF** | HSBC UST Money Market Yield | **TSFR3M** | Term SOFR 3-Month |
| **Other Abbreviations:** | **Other Abbreviations:** |  |  |  |  |
| **ALT** | Alternate Loan Trust | **PIK** | Payment-in-Kind | **TBD** | To-Be-Determined |
| **DAC** | Designated Activity Company | **REIT** | Real Estate Investment Trust | **TBD%** | Interest rate to be determined when loan <br> settles or at the time of funding |
| **OIS** | Overnight Index Swap | **TBA** | To-Be-Announced |  |  |

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<br> Schedule of Investments PIMCO Income Portfolio 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 161.2% ¤** |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 1.4%**  |  |  |
| **Altice France SA**  |  |  |
| 8.891% (EUR003M + 6.875%) due 05/30/2031 ~ | 75 | $87 |
| 10.547% (TSFR3M + 6.875%) due 05/31/2031 ~ | $527 | 529 |
| **Envision Healthcare Corp.**  |  |  |
| 11.641% (TSFR3M + 7.875%) due 07/20/2026 «~ | 687 | 687 |
| 11.641% (TSFR3M + 7.875%) due 11/03/2028 «~ | 4653 | 4792 |
| **Jane Street Group LLC**<br>5.673% (TSFR3M + 2.000%) due 12/15/2031 ~ | 1293 | 1271 |
| **Lealand Finance Co. BV**<br>6.782% (TSFR1M + 3.000%) due 06/30/2027 ~ | 6 | 5 |
| **Lealand Finance Co. BV (7.782% Cash)**<br>7.782% (TSFR1M + 4.000%) due 12/31/2027 ~ | 17 | 14 |
| **Mercury Aggregator LP**<br>TBD% due 04/03/2027 «~ | 168 | 0 |
| **Poseidon Bidco SASU**<br>7.504% (EUR006M + 5.000%) due 03/13/2030 ~ | 1000 | 347 |
| **SCUR-Alpha 1503 GmbH**<br>9.167% (TSFR3M + 5.500%) due 03/29/2030 ~ | $1262 | 1110 |
| **Softbank Vision Fund II**<br>7.350% (TSFR3M + 3.650%) due 04/25/2029 «~ | 2008 | 2041 |
| **Syniverse Holdings, Inc.**<br>10.700% (TSFR3M + 7.000%) due 05/13/2027 «~ | 907 | 840 |
| **TransDigm, Inc.**<br>6.168% (TSFR1M + 2.500%) due 02/28/2031 ~ | 2973 | 2977 |
| **U.S. Renal Care, Inc.**<br>8.782% (TSFR1M + 5.000%) due 06/28/2028 ~ | 118 | 111 |
| **Westmoreland Coal Co.**<br>8.000% due 03/15/2029 «~ | 7 | 3 |
| Total Loan Participations and Assignments (Cost $15,591) |  | 14814 |
| **CORPORATE BONDS & NOTES 12.0%**  |  |  |
| **BANKING & FINANCE 4.3%**  |  |  |
| **Avolon Holdings Funding Ltd.** <br>2.528% due 11/18/2027 | 865 | 836 |
| **Banco Santander SA** <br>6.607% due 11/07/2028 | 2500 | 2628 |
| **BPCE SA**  |  |  |
| 6.612% due 10/19/2027 •  | 1250 | 1264 |
| 6.714% due 10/19/2029 •  | 1250 | 1308 |
| **Credicorp Capital Sociedad Titulizadora SA**  |  |  |
| 9.700% due 03/05/2045  | 700 | 214 |
| 10.100% due 12/15/2043  | 500 | 156 |
| **Credit Suisse AG AT1 Claim**  | $2845 | 996 |
| **Deutsche Bank AG** <br>6.720% due 01/18/2029 •  | 400 | 414 |
| **EPR Properties**  |  |  |
| 4.750% due 12/15/2026  | 5 | 5 |
| 4.950% due 04/15/2028  | 10 | 10 |
| **Ford Motor Credit Co. LLC**  |  |  |
| 3.815% due 11/02/2027  | 2963 | 2905 |
| 4.125% due 08/17/2027  | 260 | 257 |
| 4.271% due 01/09/2027  | 1970 | 1961 |
| **GLP Capital LP/GLP Financing II, Inc.**  |  |  |
| 4.000% due 01/15/2031  | 1485 | 1409 |
| 5.300% due 01/15/2029  | 66 | 67 |
| **Intesa Sanpaolo SpA** <br>7.200% due 11/28/2033 | 1300 | 1458 |
| **Jane Street Group/JSG Finance, Inc.** <br>6.750% due 05/01/2033 | 1200 | 1218 |
| **Marex Group PLC** <br>5.829% due 05/08/2028 | 2600 | 2629 |
| **Morgan Stanley**  |  |  |
| 0.000% due 04/02/2032 þ(i)  | 300 | 223 |
| 5.123% due 02/01/2029 •  | 1629 | 1647 |
| **Nationwide Building Society** <br>6.557% due 10/18/2027 •  | 2500 | 2528 |
| **NatWest Group PLC**  |  |  |
| 4.445% due 05/08/2030 •  | 400 | 398 |
| 5.076% due 01/27/2030 •  | 200 | 202 |
| 5.516% due 09/30/2028 •  | 2200 | 2233 |

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------

<br> Schedule of Investments PIMCO Income Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Nissan Motor Acceptance Co. LLC**  |  |  |
| 5.625% due 09/29/2028  | 3400 | 3339 |
| 6.125% due 09/30/2030  | 1000 | 962 |
| **Panama Infrastructure Receivable Purchaser PLC** <br>0.000% due 04/05/2032 (e) | 2525 | 1977 |
| **Societe Generale SA** <br>6.691% due 01/10/2034 •  | 2200 | 2351 |
| **Starwood Property Trust, Inc.** <br>5.250% due 10/15/2028 | 5100 | 5045 |
| **Thames Ssnm Unfunded Comm** <br>9.750% due 10/10/2027 | 49 | 62 |
| **UBS Group AG** <br>5.959% due 01/12/2034 •  | $3024 | 3157 |
|  |  | 43859 |
| **INDUSTRIALS 6.2%**  |  |  |
| **Altice France SA** <br>9.500% due 11/01/2029 | 3808 | 3850 |
| **American Airlines Pass-Through Trust** <br>3.350% due 04/15/2031 | 12 | 12 |
| **Bayer U.S. Finance II LLC** <br>4.375% due 12/15/2028 | 3100 | 3069 |
| **Bayer U.S. Finance LLC** <br>6.500% due 11/21/2033 | 740 | 787 |
| **Beignet Investor LLC** <br>6.581% due 05/30/2049 | 21030 | 21638 |
| **Boeing Co.**  |  |  |
| 3.250% due 02/01/2028  | 1700 | 1667 |
| 5.150% due 05/01/2030  | 1100 | 1119 |
| 6.259% due 05/01/2027  | 290 | 295 |
| 6.298% due 05/01/2029  | 50 | 53 |
| **Carvana Co.**  |  |  |
| 9.000% due 06/01/2030  | 1021 | 1063 |
| 9.000% due 06/01/2031  | 1181 | 1278 |
| **DISH DBS Corp.**  |  |  |
| 5.250% due 12/01/2026  | 2300 | 2282 |
| 5.750% due 12/01/2028  | 2630 | 2545 |
| **Energy Transfer LP** <br>4.950% due 05/15/2028 | 9 | 9 |
| **Flora Food Management BV**  |  |  |
| 6.875% due 07/02/2029  | 500 | 543 |
| 7.500% due 10/31/2030  | 1000 | 1146 |
| **GSG Bidco Ltd.** <br>5.375% due 06/15/2036 | 1700 | 1951 |
| **Hyundai Capital America** <br>4.300% due 09/24/2027 | $3900 | 3886 |
| **Mitchells & Butlers Finance PLC** <br>6.013% due 12/15/2030 | 6 | 7 |
| **Nissan Motor Co. Ltd.** <br>4.810% due 09/17/2030 | $100 | 91 |
| **Petroleos de Venezuela SA**  |  |  |
| 5.375% due 04/12/2027 ^(b)  | 1585 | 531 |
| 5.500% due 04/12/2037 ^(b)  | 382 | 129 |
| 6.000% due 11/15/2026 ^(b)  | 63 | 22 |
| 9.750% due 05/17/2035 ^(b)  | 800 | 334 |
| **Petroleos Mexicanos** <br>6.700% due 02/16/2032 | 3081 | 3018 |
| **Prosus NV** <br>2.778% due 01/19/2034 | 2456 | 2532 |
| **Saudi Arabian Oil Co.** <br>4.750% due 06/02/2030 | $1800 | 1785 |
| **Thames Water Super Senior Issuer PLC** <br>9.750% due 10/10/2027 | 210 | 303 |
| **Topaz Solar Farms LLC**  |  |  |
| 4.875% due 09/30/2039  | $23 | 20 |
| 5.750% due 09/30/2039  | 164 | 163 |
| **U.S. Renal Care, Inc.** <br>10.625% due 06/28/2028 | 13 | 11 |
| **United Airlines Pass-Through Trust** <br>5.875% due 04/15/2029 | 1129 | 1149 |
| **Venture Global Calcasieu Pass LLC** <br>3.875% due 08/15/2029 | 1500 | 1427 |
| **Venture Global LNG, Inc.**  |  |  |
| 7.000% due 01/15/2030  | 1460 | 1492 |
| 9.875% due 02/01/2032  | 800 | 860 |
| **Venture Global Plaquemines LNG LLC** <br>6.500% due 01/15/2034 | 2330 | 2430 |
|  |  | 63497 |
| **UTILITIES 1.5%**  |  |  |
| **Edison International** <br>6.250% due 03/15/2030 | 200 | 207 |
| **ENEL Finance International NV** <br>4.375% due 09/30/2030 | 2000 | 1965 |

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<br> Schedule of Investments PIMCO Income Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Gazprom PJSC via Gaz Finance PLC** <br>2.950% due 01/27/2029 | 1500 | 1133 |
| **Pacific Gas & Electric Co.**  |  |  |
| 3.250% due 06/01/2031  | 3395 | 3133 |
| 3.300% due 03/15/2027  | 90 | 89 |
| 3.300% due 12/01/2027  | 5600 | 5486 |
| 4.200% due 03/01/2029  | 1100 | 1087 |
| 4.550% due 07/01/2030  | 1259 | 1242 |
| **Southern California Edison Co.**  |  |  |
| 2.750% due 02/01/2032  | 100 | 89 |
| 5.950% due 11/01/2032  | 1500 | 1578 |
|  |  | 16009 |
| Total Corporate Bonds & Notes (Cost $121,608) |  | 123365 |
| **CONVERTIBLE BONDS & NOTES 0.0%**  |  |  |
| **BANKING & FINANCE 0.0%**  |  |  |
| **Country Garden Holdings Co. Ltd.** <br>0.000% due 12/31/2031 (e)(i) | 407 | 46 |
| Total Convertible Bonds & Notes (Cost $58) |  | 46 |
| **U.S. GOVERNMENT AGENCIES 60.7%**  |  |  |
| **Federal Home Loan Mortgage Corp.**  |  |  |
| 3.000% due 06/01/2046 - 01/01/2049 | 1771 | 1596 |
| 4.000% due 08/01/2042 - 07/01/2050 | 408 | 397 |
| 5.000% due 07/01/2054 | 925 | 914 |
| 5.500% due 01/01/2053 | 261 | 263 |
| 6.000% due 10/01/2053 | 68 | 70 |
| 6.500% due 10/01/2053 - 02/01/2055 | 15770 | 16315 |
| 7.000% due 02/01/2054 - 06/01/2055 | 834 | 877 |
| **Federal National Mortgage Association**  |  |  |
| 3.000% due 08/01/2027 - 02/01/2034 | 113 | 110 |
| 4.000% due 08/01/2042 - 06/01/2049 | 1666 | 1599 |
| 4.500% due 10/01/2050 - 07/01/2053 | 1593 | 1554 |
| 5.000% due 09/01/2053 - 07/01/2054 | 416 | 412 |
| 5.500% due 11/01/2052 - 01/01/2053 | 604 | 609 |
| 6.000% due 11/01/2052 - 09/01/2054 | 7307 | 7489 |
| 6.500% due 10/01/2053 - 12/01/2053 | 3570 | 3699 |
| **Government National Mortgage Association**  |  |  |
| 2.500% due 04/20/2052 | 359 | 309 |
| 3.500% due 10/20/2052 - 10/20/2054 | 3086 | 2835 |
| 4.500% due 12/20/2053 | 274 | 266 |
| 5.500% due 07/20/2053 - 08/20/2053 | 2314 | 2346 |
| 6.500% due 12/20/2054 - 05/20/2055 | 849 | 883 |
| **Government National Mortgage Association REMICS**<br>7.045% due 09/20/2066 ~ | 61 | 62 |
| **Government National Mortgage Association, TBA**  |  |  |
| 3.000% due 04/01/2056 | 2000 | 1786 |
| 3.500% due 04/01/2056 | 800 | 734 |
| 4.000% due 04/01/2056 | 2600 | 2436 |
| 4.500% due 06/01/2040 | 7900 | 7620 |
| 5.000% due 05/01/2056 | 5200 | 5140 |
| 5.500% due 06/01/2040 | 3900 | 3912 |
| 6.000% due 05/01/2056 | 22500 | 22854 |
| 6.500% due 05/01/2056 | 17200 | 17826 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 3.000% due 04/01/2041 - 05/01/2056 | 10800 | 9502 |
| 3.500% due 05/01/2056 | 4000 | 3663 |
| 4.000% due 05/01/2056 - 06/01/2056 | 49600 | 46766 |
| 4.500% due 05/01/2056 | 11100 | 10702 |
| 5.000% due 04/01/2056 - 06/01/2056 | 154280 | 151924 |
| 5.500% due 05/01/2056 | 13000 | 13043 |
| 6.000% due 06/01/2056 - 07/01/2056 | 160330 | 163171 |
| 6.500% due 05/01/2056 - 06/01/2056 | 117350 | 121310 |
| Total U.S. Government Agencies (Cost $624,921) |  | 624994 |
| **U.S. TREASURY OBLIGATIONS 13.8%**  |  |  |
| **U.S. Treasury Bonds**  |  |  |
| 2.875% due 11/15/2046 (n) | 1400 | 1024 |
| 3.000% due 08/15/2048 | 10 | 7 |
| 3.000% due 02/15/2049 | 500 | 365 |
| 4.250% due 08/15/2054 (j)(n) | 1600 | 1433 |
| 4.375% due 08/15/2043 (n) | 1600 | 1511 |
| 4.500% due 11/15/2054 (j) | 9000 | 8410 |
| 4.625% due 11/15/2045 (j) | 3619 | 3491 |
| 4.625% due 02/15/2046 (j) | 600 | 579 |
| 4.625% due 05/15/2054 (j)(n) | 5800 | 5532 |
| 4.750% due 02/15/2056 (j) | 17201 | 16779 |
| 4.875% due 08/15/2045 (j) | 583 | 581 |
| **U.S. Treasury Inflation Protected Securities (g)** |  |  |
| 0.125% due 02/15/2051  | 1999 | 1064 |
| 0.250% due 02/15/2050 (j) | 759 | 430 |

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<br> Schedule of Investments PIMCO Income Portfolio (Cont.) March 31, 2026 (Unaudited)

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| | | |
|:---|:---|:---|
| 0.750% due 02/15/2042  | 144 | 111 |
| 0.750% due 02/15/2045  | 829 | 596 |
| 0.875% due 02/15/2047  | 943 | 670 |
| 1.000% due 02/15/2046  | 275 | 204 |
| 1.000% due 02/15/2048  | 923 | 664 |
| 1.000% due 02/15/2049  | 2197 | 1557 |
| 1.375% due 02/15/2044  | 140 | 115 |
| 1.500% due 02/15/2053  | 1313 | 1007 |
| 0.125% due 01/15/2031  | 125 | 118 |
| 0.125% due 07/15/2031  | 3337 | 3119 |
| 0.125% due 01/15/2032  | 352 | 324 |
| 0.250% due 07/15/2029  | 3969 | 3862 |
| 0.375% due 01/15/2027  | 228 | 228 |
| 0.375% due 07/15/2027  | 66 | 66 |
| 0.625% due 07/15/2032  | 4701 | 4437 |
| 0.750% due 07/15/2028 (l) | 921 | 919 |
| 0.875% due 01/15/2029 (l) | 2430 | 2413 |
| 1.125% due 01/15/2033 (j) | 328 | 316 |
| 1.375% due 07/15/2033  | 11779 | 11518 |
| 1.625% due 04/15/2030 (l) | 1941 | 1961 |
| 1.750% due 01/15/2034  | 4655 | 4637 |
| 1.875% due 07/15/2034 (j) | 19381 | 19484 |
| **U.S. Treasury Notes**  |  |  |
| 0.375% due 09/30/2027 (n) | 340 | 323 |
| 0.500% due 10/31/2027 (n) | 300 | 285 |
| 0.625% due 11/30/2027 (l)(n) | 4140 | 3928 |
| 0.625% due 12/31/2027 (l)(n) | 1750 | 1656 |
| 0.750% due 01/31/2028 (l)(n) | 1600 | 1514 |
| 4.000% due 07/31/2032 (j)(n) | 19300 | 19205 |
| 4.125% due 02/15/2036 | 1300 | 1280 |
| 4.250% due 08/15/2035 (j) | 955 | 951 |
| 4.500% due 04/15/2027 (j) | 13300 | 13403 |
| Total U.S. Treasury Obligations (Cost $148,761) |  | 142077 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 20.9%**  |  |  |
| **American Home Mortgage Investment Trust** <br>7.100% due 06/25/2036 þ | 6155 | 724 |
| **Avon Finance** <br>4.645% due 12/28/2049 •  | 2976 | 3942 |
| **BBCCRE Trust** <br>3.966% due 08/10/2033 | $4100 | 3833 |
| **Bear Stearns ALT-A Trust** <br>4.113% due 06/25/2046 •  | 2743 | 2540 |
| **Bridgegate Funding PLC** <br>5.994% due 10/16/2062 •  | 8737 | 11570 |
| **Chase Home Lending Mortgage Trust**  |  |  |
| 3.250% due 09/25/2064 ~  | $6541 | 5817 |
| 3.500% due 06/25/2062 ~  | 3955 | 3646 |
| **Chase Mortgage Finance Trust** <br>4.202% due 12/25/2035 ~ | 24 | 22 |
| **CIM Trust**  |  |  |
| 4.750% due 06/25/2064 ~  | 2631 | 2590 |
| 5.000% due 05/25/2062 ~  | 3164 | 3147 |
| **CitiMortgage Alternative Loan Trust** <br>6.000% due 03/25/2037 •  | 1071 | 951 |
| **COMM Mortgage Trust** <br>3.140% due 10/10/2036 | 4100 | 3975 |
| **Countrywide Alternative Loan Trust**  |  |  |
| 4.113% due 11/25/2036 •  | 3184 | 3032 |
| 6.500% due 09/25/2037  | 8483 | 3121 |
| **Cross Mortgage Trust** <br>5.549% due 12/25/2069 ~ | 4084 | 4100 |
| **CSMC Mortgage-Backed Trust** <br>5.750% due 03/25/2037 | 8661 | 4414 |
| **CSMC Trust**  |  |  |
| 3.375% due 01/25/2060  | 3183 | 2591 |
| 3.629% due 11/30/2037 ~  | 5268 | 4875 |
| **Ellington Financial Mortgage Trust** <br>5.900% due 09/25/2067 þ | 3268 | 3267 |
| **Eurohome U.K. Mortgages PLC** <br>4.215% due 09/15/2044 •  | 2401 | 3165 |
| **Eurosail-U.K. PLC** <br>4.815% due 06/13/2045 •  | 224 | 296 |
| **Grifonas Finance No. 1 PLC** <br>2.419% due 08/28/2039 •  | 299 | 339 |
| **GS Mortgage-Backed Securities Trust** <br>3.900% due 09/25/2061 þ | $6352 | 6208 |
| **HarborView Mortgage Loan Trust** <br>4.271% due 03/19/2036 •  | 33 | 31 |
| **JP Morgan Chase Commercial Mortgage Securities Trust**  |  |  |
| 4.519% due 04/15/2037 •  | 3757 | 3721 |
| 7.235% due 10/05/2040  | 2600 | 2691 |
| **JP Morgan Mortgage Trust**  |  |  |
| 5.567% due 09/25/2065 ~  | 1677 | 1685 |
| 5.990% due 07/25/2064 ~  | 4311 | 4335 |

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<br> Schedule of Investments PIMCO Income Portfolio (Cont.) March 31, 2026 (Unaudited)

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| | | |
|:---|:---|:---|
| **Kinbane 2 DAC** <br>3.019% due 08/24/2075 ~ | 4062 | 4693 |
| **Lugo Funding DAC** <br>3.041% due 05/26/2066 •  | 2845 | 3285 |
| **MASTR Adjustable Rate Mortgages Trust** <br>4.893% due 09/25/2037 •  | $10516 | 4013 |
| **Merrion Square Residential DAC** <br>3.019% due 03/24/2081 •  | 2295 | 2661 |
| **MFA Trust**  |  |  |
| 4.250% due 02/25/2066 ~  | $3058 | 2919 |
| 4.400% due 03/25/2068 þ  | 3086 | 3070 |
| **Morgan Stanley Capital I Trust**  |  |  |
| 4.787% due 05/15/2036 •  | 1400 | 199 |
| 6.165% due 12/15/2038 •  | 2645 | 2397 |
| **Morgan Stanley Residential Mortgage Loan Trust**  |  |  |
| 4.963% due 09/25/2070 ~  | 4752 | 4746 |
| 5.530% due 05/25/2070 ~  | 4541 | 4557 |
| **Opteum Mortgage Acceptance Corp. Trust** <br>4.393% due 04/25/2036 •  | 6111 | 5847 |
| **Pretium Mortgage Credit Partners LLC**  |  |  |
| 4.000% due 03/25/2065 þ  | 4867 | 4717 |
| 5.249% due 10/25/2055  | 4963 | 4945 |
| **PRKCM Trust** <br>5.101% due 10/25/2060 þ | 4977 | 4968 |
| **PRPM LLC**  |  |  |
| 3.750% due 03/25/2054 þ  | 2286 | 2242 |
| 4.500% due 02/25/2055 þ  | 760 | 751 |
| 4.839% due 10/25/2055 þ  | 4679 | 4632 |
| 5.385% due 10/25/2030 þ  | 4669 | 4652 |
| 5.897% due 12/25/2029 þ  | 2699 | 2699 |
| 6.179% due 06/25/2030 þ  | 4055 | 4051 |
| **PRPM Trust**  |  |  |
| 5.674% due 12/26/2069 þ  | 2571 | 2582 |
| 6.327% due 06/25/2069 þ  | 2123 | 2143 |
| **RBSSP Resecuritization Trust** <br>4.108% due 12/26/2036 ~ | 329 | 315 |
| **Sequoia Mortgage Trust** <br>5.046% due 10/25/2055 ~ | 3868 | 3869 |
| **SFO Commercial Mortgage Trust** <br>6.687% due 05/15/2038 •  | 2400 | 2374 |
| **Towd Point Mortgage Funding - Granite 6 PLC** <br>4.669% due 07/20/2053 •  | 1561 | 2067 |
| **Towd Point Mortgage Funding 3 PLC** <br>5.145% due 02/20/2054 •  | 3645 | 4838 |
| **Towd Point Mortgage Trust**  |  |  |
| 2.900% due 10/25/2059 ~  | $1726 | 1661 |
| 4.612% due 10/25/2064 ~  | 3918 | 3887 |
| 5.012% due 07/25/2065 ~  | 5081 | 5060 |
| **Verus Securitization Trust**  |  |  |
| 5.799% due 07/25/2069 þ  | 4298 | 4325 |
| 6.259% due 12/25/2068 þ  | 1202 | 1209 |
| **WaMu Mortgage Pass-Through Certificates Trust**  |  |  |
| 4.929% due 01/25/2046 •  | 10287 | 9320 |
| 5.364% due 03/25/2033 ~  | 29 | 28 |
| **Washington Mutual Mortgage Pass-Through Certificates Trust** <br>4.709% due 10/25/2046 •  | 1680 | 1536 |
| **Wells Fargo Commercial Mortgage Trust** <br>5.266% due 10/15/2042 •  | 5100 | 5096 |
| **WSTN Trust** <br>6.297% due 07/05/2037 ~ | 2500 | 2527 |
| Total Non-Agency Mortgage-Backed Securities (Cost $218,825) |  | 215509 |
| **ASSET-BACKED SECURITIES 39.8%**  |  |  |
| **AUTOMOBILE ABS OTHER 0.4%**  |  |  |
| **Golden Bar Securitisation SRL** <br>3.158% due 09/22/2043 •  | 2069 | 2402 |
| **Santander Bank Auto Credit-Linked Notes** <br>4.965% due 01/18/2033 | $1569 | 1579 |
|  |  | 3981 |
| **AUTOMOBILE SEQUENTIAL 1.0%**  |  |  |
| **Carvana Auto Receivables Trust** <br>5.050% due 04/10/2029 | 3404 | 3419 |
| **First Investors Auto Owner Trust** <br>6.440% due 10/16/2028 | 319 | 321 |
| **Flagship Credit Auto Trust** <br>5.640% due 03/15/2028 | 142 | 142 |
| **GLS Auto Select Receivables Trust** <br>6.370% due 06/15/2028 | 135 | 135 |
| **Oscar U.S. Funding XIII LLC** <br>1.270% due 09/11/2028 | 525 | 522 |

---

------

<br> Schedule of Investments PIMCO Income Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **SCCU Auto Receivables Trust** <br>5.110% due 06/15/2029 | 3107 | 3122 |
| **World Omni Select Auto Trust** <br>4.980% due 02/15/2030 | 3028 | 3038 |
|  |  | 10699 |
| **CMBS OTHER 2.5%**  |  |  |
| **BRSP Ltd.** <br>5.127% due 08/19/2043 •  | 3800 | 3793 |
| **FS Rialto Issuer LLC** <br>0.000% due 01/19/2044 •  | 5200 | 5201 |
| **Greystone CRE Notes LLC** <br>5.154% due 01/15/2043 •  | 4185 | 4187 |
| **PFP Ltd.**  |  |  |
| 5.180% due 08/18/2043 •  | 5200 | 5206 |
| 5.501% due 09/17/2039 •  | 1525 | 1528 |
| **Starwood LLC** <br>5.127% due 11/19/2042 •  | 5400 | 5400 |
|  |  | 25315 |
| **HOME EQUITY OTHER 14.9%**  |  |  |
| **ABFC Trust** <br>4.073% due 11/25/2036 •  | 3331 | 1995 |
| **Aegis Asset-Backed Securities Trust** <br>4.133% due 01/25/2037 •  | 2848 | 2172 |
| **Aegis Asset-Backed Securities Trust Mortgage Pass-Through Certificates** <br>5.623% due 12/25/2034 •  | 734 | 678 |
| **Ameriquest Mortgage Securities, Inc. Asset-Backed Pass-Through Certificates** <br>4.888% due 09/25/2034 •  | 1815 | 1724 |
| **Argent Securities Trust** <br>4.273% due 07/25/2036 •  | 13307 | 3577 |
| **Asset-Backed Securities Corp. Home Equity Loan Trust** <br>4.768% due 06/25/2035 •  | 11000 | 9826 |
| **Bear Stearns Asset-Backed Securities I Trust** <br>5.668% due 12/25/2034 •  | 5299 | 5361 |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 4.053% due 03/25/2037 •  | 14 | 13 |
| 4.113% due 12/25/2036 •  | 1178 | 663 |
| 4.313% due 03/25/2036 •  | 1470 | 1359 |
| 4.423% due 02/25/2035 •  | 1487 | 1420 |
| 4.483% due 10/25/2035 •  | 900 | 855 |
| 4.528% due 09/25/2035 •  | 92 | 92 |
| **Countrywide Asset-Backed Certificates Trust**  |  |  |
| 4.073% due 06/25/2035 •  | 982 | 911 |
| 4.073% due 05/25/2037 •  | 769 | 744 |
| 4.073% due 04/25/2047 •  | 691 | 679 |
| 4.073% due 06/25/2047 •  | 706 | 677 |
| 4.168% due 06/25/2037 •  | 14426 | 14015 |
| 4.228% due 01/25/2045 •  | 897 | 854 |
| 4.233% due 05/25/2037 •  | 735 | 717 |
| 4.233% due 06/25/2037 •  | 566 | 558 |
| 4.233% due 06/25/2047 •  | 355 | 346 |
| 4.588% due 05/25/2036 •  | 9800 | 9767 |
| 4.693% due 02/25/2036 •  | 6150 | 6080 |
| 5.093% due 08/25/2035 •  | 1594 | 1568 |
| **Fremont Home Loan Trust**  |  |  |
| 4.408% due 11/25/2035 •  | 2010 | 1878 |
| 4.723% due 06/25/2035 •  | 3072 | 2904 |
| **GSAA Home Equity Trust** <br>4.573% due 06/25/2035 •  | 4831 | 4138 |
| **GSAMP Trust**  |  |  |
| 4.438% due 11/25/2035 •  | 1807 | 1807 |
| 4.693% due 11/25/2035 •  | 1246 | 1231 |
| **Home Equity Mortgage Loan Asset-Backed Trust**  |  |  |
| 4.013% due 04/25/2037 •  | 1326 | 1049 |
| 4.393% due 03/25/2036 •  | 3458 | 3190 |
| **HSI Asset Securitization Corp. Trust**  |  |  |
| 3.933% due 12/25/2036 •  | 814 | 718 |
| 3.943% due 12/25/2036 •  | 2620 | 2372 |
| 4.013% due 12/25/2036 •  | 917 | 219 |
| 4.073% due 01/25/2037 •  | 2192 | 1684 |
| **IXIS Real Estate Capital Trust** <br>4.093% due 01/25/2037 •  | 3494 | 1125 |
| **Long Beach Mortgage Loan Trust** <br>4.093% due 11/25/2036 •  | 368 | 262 |
| **MASTR Asset-Backed Securities Trust** <br>4.943% due 08/25/2037 •  | 1298 | 1159 |
| **Merrill Lynch Mortgage Investors Trust** <br>3.933% due 04/25/2047 •  | 4225 | 1601 |
| **Morgan Stanley ABS Capital I, Inc. Trust**  |  |  |
| 3.863% due 10/25/2036 •  | 1844 | 963 |
| 3.873% due 11/25/2036 •  | 3638 | 2143 |
| 4.333% due 12/25/2034 •  | 1002 | 962 |
| 4.333% due 03/25/2036 •  | 540 | 530 |

---

------

<br> Schedule of Investments PIMCO Income Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.393% due 12/25/2034 •  | 754 | 720 |
| **New Century Home Equity Loan Trust** <br>4.723% due 11/25/2034 •  | 6555 | 6566 |
| **Nomura Home Equity Loan, Inc. Home Equity Loan Trust** <br>4.093% due 07/25/2036 •  | 327 | 310 |
| **NovaStar Mortgage Funding Trust** <br>4.333% due 05/25/2036 •  | 4375 | 4293 |
| **Option One Mortgage Loan Trust**  |  |  |
| 4.013% due 04/25/2037 •  | 998 | 720 |
| 4.333% due 01/25/2036 •  | 4066 | 3884 |
| **RCKT Mortgage Trust**  |  |  |
| 4.795% due 09/25/2055 þ  | 4552 | 4517 |
| 4.966% due 11/25/2055 þ  | 5115 | 5090 |
| 5.158% due 10/25/2044 þ  | 4772 | 4770 |
| 5.846% due 08/25/2044 þ  | 2079 | 2091 |
| **Renaissance Home Equity Loan Trust** <br>5.285% due 01/25/2037 þ | 4629 | 1365 |
| **Residential Asset Securities Corporation Trust**  |  |  |
| 4.393% due 02/25/2036 •  | 241 | 239 |
| 4.473% due 05/25/2037 •  | 59 | 58 |
| 4.498% due 10/25/2035 •  | 2000 | 1838 |
| **Saxon Asset Securities Trust**  |  |  |
| 4.768% due 12/26/2034 •  | 629 | 587 |
| 5.543% due 12/25/2037 •  | 579 | 560 |
| **Soundview Home Loan Trust**  |  |  |
| 4.013% due 02/25/2037 •  | 997 | 263 |
| 4.198% due 12/25/2036 •  | 1101 | 1084 |
| 4.543% due 01/25/2035 •  | 4150 | 3889 |
| 4.768% due 11/25/2035 •  | 1819 | 1809 |
| **Structured Asset Securities Corp.** <br>4.498% due 02/25/2035 •  | 554 | 565 |
| **Structured Asset Securities Corp. Mortgage Loan Trust**  |  |  |
| 4.318% due 07/25/2036 •  | 687 | 667 |
| 4.393% due 01/25/2037 •  | 2865 | 2377 |
| 4.793% due 04/25/2031 •  | 4114 | 4220 |
| **Towd Point Mortgage Trust** <br>5.091% due 10/25/2065 þ | 4702 | 4681 |
|  |  | 153749 |
| **WHOLE LOAN COLLATERAL 2.7%**  |  |  |
| **First Franklin Mortgage Loan Trust**  |  |  |
| 3.913% due 12/25/2036 •  | 307 | 294 |
| 4.738% due 06/25/2034 •  | 2180 | 2165 |
| **Lehman XS Trust** <br>6.260% due 11/25/2035 þ | 6605 | 2982 |
| **Pretium Mortgage Credit Partners LLC**  |  |  |
| 5.184% due 11/25/2055 þ  | 4972 | 4941 |
| 5.193% due 10/25/2055 þ  | 4891 | 4895 |
| **RCO X Mortgage LLC** <br>5.418% due 10/25/2030 þ | 4949 | 4940 |
| **Residential Asset Mortgage Products Trust** <br>4.918% due 06/25/2035 •  | 2600 | 2568 |
| **VCAT LLC** <br>5.062% due 02/25/2056 þ | 4960 | 4941 |
|  |  | 27726 |
| **OTHER ABS 18.3%**  |  |  |
| **37 Capital CLO II Ltd.** <br>4.962% due 07/15/2034 •  | 3600 | 3604 |
| **Affirm Master Trust** <br>4.450% due 10/16/2034 | 5100 | 5083 |
| **Anchorage Credit Funding 10 Ltd.** <br>3.619% due 04/25/2038 | 3877 | 3788 |
| **Anchorage Credit Funding 12 Ltd.** <br>3.177% due 10/25/2038 | 951 | 922 |
| **Anchorage Credit Funding 19 Ltd.** <br>5.036% due 10/25/2040 | 5200 | 5155 |
| **Anchorage Credit Funding 8 Ltd.** <br>4.430% due 07/25/2037 | 3343 | 3311 |
| **Anchorage Credit Funding 9 Ltd.** <br>3.793% due 10/25/2037 | 3419 | 3372 |
| **Arbour CLO VII DAC** <br>3.330% due 12/15/2038 •  | 3600 | 4168 |
| **Atlas Senior Loan Fund XV Ltd.** <br>4.891% due 10/23/2032 •  | $1728 | 1731 |
| **Boyce Park CLO Ltd.** <br>4.668% due 04/21/2035 •  | 5100 | 5101 |
| **Cairn CLO XI DAC** <br>3.187% due 01/15/2040 •  | 4700 | 5430 |
| **Centerbridge Credit Funding 1 Ltd.** <br>3.164% due 07/25/2039 | $6450 | 6252 |
| **Crossroads Asset Trust** <br>4.910% due 02/20/2032 | 3951 | 3972 |

---

------

<br> Schedule of Investments PIMCO Income Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Fortress Credit BSL X Ltd.** <br>4.768% due 04/20/2033 •  | 3627 | 3629 |
| **Gallatin CLO VIII Ltd.** <br>5.024% due 07/15/2031 •  | 116 | 116 |
| **GreenSky Home Improvement Issuer Trust**  |  |  |
| 5.250% due 10/27/2059  | 241 | 241 |
| 5.320% due 03/25/2060  | 4400 | 4475 |
| 5.880% due 06/25/2059  | 101 | 102 |
| **Guggenheim CLO Ltd.** <br>4.822% due 01/15/2035 •  | 2600 | 2601 |
| **Invesco Euro CLO III DAC** <br>3.136% due 10/30/2038 •  | 3600 | 4159 |
| **Invesco Euro CLO XI DAC** <br>3.287% due 10/22/2036 •  | 4500 | 5198 |
| **KKR CLO 33 Ltd.** <br>4.748% due 07/20/2034 •  | $5400 | 5406 |
| **LCM 31 Ltd.** <br>4.948% due 07/20/2034 •  | 3300 | 3304 |
| **LCM 39 Ltd.** <br>4.703% due 10/15/2034 •  | 5100 | 5101 |
| **Lendmark Funding Trust** <br>5.530% due 06/21/2032 | 1400 | 1411 |
| **Navesink CLO 6 Ltd.** <br>0.000% due 04/15/2037 •  | 5100 | 5100 |
| **Nelnet Student Loan Trust**  |  |  |
| 4.610% due 02/21/2061  | 4891 | 4832 |
| 5.873% due 02/20/2041 •  | 1059 | 1082 |
| **Neuberger Berman Loan Advisers Lasalle Street Lending CLO I Ltd.** <br>4.918% due 10/25/2036 •  | 5200 | 5201 |
| **Pagaya AI Debt Grantor Trust**  |  |  |
| 5.092% due 07/15/2032  | 1243 | 1248 |
| 5.183% due 06/15/2032  | 1026 | 1029 |
| **Pagaya AI Debt Selection Trust** <br>6.117% due 12/15/2031 | 744 | 746 |
| **Pagaya AI Debt Trust** <br>5.373% due 01/17/2033 | 3908 | 3926 |
| **Palmer Square European Loan Funding DAC**  |  |  |
| 2.954% due 05/15/2033 •  | 1039 | 1202 |
| 2.974% due 05/15/2034 •  | 1993 | 2306 |
| 3.566% due 10/15/2034 •  | 4200 | 4857 |
| **Palmer Square Loan Funding Ltd.** <br>4.660% due 01/15/2034 •  | $5000 | 5002 |
| **Providus CLO V DAC** <br>3.214% due 11/15/2039 •  | 4500 | 5198 |
| **RCKT Trust** <br>4.480% due 11/27/2034 | $3408 | 3409 |
| **Reach ABS Trust** <br>5.880% due 07/15/2031 | 389 | 389 |
| **Sandstone Peak Ltd.** <br>4.842% due 04/15/2038 •  | 5100 | 5088 |
| **SLM Private Credit Student Loan Trust** <br>4.266% due 06/15/2039 •  | 1137 | 1115 |
| **SMB Private Education Loan Trust**  |  |  |
| 4.772% due 07/15/2053 •  | 5163 | 5160 |
| 5.030% due 03/15/2056 (a)  | 5100 | 5106 |
| 5.060% due 03/16/2054  | 3103 | 3126 |
| 5.122% due 02/16/2055 •  | 2291 | 2314 |
| 5.122% due 03/15/2056 •  | 4600 | 4646 |
| 5.240% due 03/15/2056  | 3710 | 3746 |
| **SoFi Consumer Loan Program Trust** <br>4.240% due 08/25/2035 | 2487 | 2484 |
| **Sycamore Tree CLO Ltd.** <br>0.000% due 01/20/2037 •  | 5100 | 5097 |
| **Tesla Sustainable Energy Trust** <br>5.080% due 06/21/2050 | 2817 | 2819 |
| **Trysail CLO Ltd.** <br>4.907% due 10/20/2033 •  | 4000 | 4005 |
| **Vibrant CLO XII Ltd.** <br>4.818% due 04/20/2034 •  | 5100 | 5106 |
| **Voya CLO Ltd.**  |  |  |
| 5.009% due 10/17/2032 •  | 1767 | 1769 |
| 5.192% due 04/15/2037 •  | 3100 | 3108 |
|  |  | 187848 |
| Total Asset-Backed Securities (Cost $410,162) |  | 409318 |
| **SOVEREIGN ISSUES 11.6%**  |  |  |
| **Argentina Bonar Bonds**  |  |  |
| 0.750% due 07/09/2030 þ  | 770 | 626 |
| 4.125% due 07/09/2035 þ  | 726 | 508 |
| **Argentina Republic Government International Bonds**  |  |  |
| 0.750% due 07/09/2030 þ  | 409 | 343 |
| 1.000% due 07/09/2029  | 87 | 77 |
| 3.500% due 07/09/2041 þ  | 5071 | 3402 |
| 4.125% due 07/09/2035 þ  | 1080 | 783 |
| 5.000% due 01/09/2038 þ  | 82 | 62 |

---

------

<br> Schedule of Investments PIMCO Income Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Brazil Letras do Tesouro Nacional**  |  |  |
| 0.000% due 07/01/2026 (e)  | 138100 | 25820 |
| 0.000% due 10/01/2026 (e)  | 65400 | 11828 |
| **Colombia Government International Bonds**  |  |  |
| 1.000% due 03/26/2031  | 203300 | 43 |
| 5.000% due 09/19/2032  | 2600 | 2837 |
| 5.375% due 01/21/2029  | $900 | 893 |
| **Colombia TES**  |  |  |
| 1.000% due 08/22/2029  | 600 | 0 |
| 9.250% due 05/28/2042  | 648000 | 132 |
| 11.000% due 08/22/2029  | 6898300 | 1739 |
| 11.500% due 07/25/2046  | 707200 | 171 |
| 11.750% due 01/24/2035  | 10699100 | 2653 |
| 12.000% due 03/13/2058  | 459300 | 113 |
| 12.750% due 11/28/2040  | 9681400 | 2566 |
| 13.250% due 02/09/2033  | 11999500 | 3217 |
| **Costa Rica Government International Bonds** <br>5.500% due 11/21/2030 | 1000 | 1183 |
| **Development Bank of Kazakhstan JSC** <br>18.400% due 10/16/2028 | 562000 | 1208 |
| **Eagle Funding Luxco SARL** <br>5.500% due 08/17/2030 | $5000 | 5032 |
| **Egypt Government Bonds** <br>19.698% due 10/14/2030 | 248600 | 4478 |
| **Israel Government International Bonds** <br>5.375% due 02/19/2030 | $1200 | 1219 |
| **Japan Government Thirty Year Bonds**  |  |  |
| 1.800% due 03/20/2054  | 46000 | 196 |
| 2.100% due 09/20/2054  | 170750 | 780 |
| 2.200% due 06/20/2054  | 21000 | 99 |
| 2.300% due 12/20/2054  | 160550 | 768 |
| 2.400% due 03/20/2055  | 190200 | 930 |
| 3.200% due 09/20/2055  | 1041600 | 6032 |
| 3.400% due 12/20/2055  | 391050 | 2354 |
| **Japan Government Twenty Year Bonds**  |  |  |
| 2.400% due 03/20/2045  | 95000 | 529 |
| 2.700% due 09/20/2045  | 135800 | 788 |
| **Kuwait International Government Bonds** <br>4.016% due 10/09/2028 | $900 | 888 |
| **Mexico Bonos**  |  |  |
| 7.500% due 05/26/2033  | 2200 | 113 |
| 7.750% due 05/29/2031  | 15600 | 830 |
| 7.750% due 11/23/2034  | 38620 | 1973 |
| 8.500% due 03/01/2029  | 42600 | 2383 |
| 8.500% due 05/31/2029  | 10100 | 564 |
| **Mexico Udibonos** <br>3.000% due 12/03/2026 (g) | 176 | 10 |
| **Peru Government Bonds**  |  |  |
| 5.350% due 08/12/2040  | 100 | 24 |
| 5.400% due 08/12/2034  | 300 | 82 |
| 6.150% due 08/12/2032  | 627 | 188 |
| 7.300% due 08/12/2033  | 8800 | 2771 |
| 7.600% due 08/12/2039  | 3600 | 1074 |
| **Peru Government International Bonds**  |  |  |
| 5.400% due 08/12/2034  | 571 | 156 |
| 6.150% due 08/12/2032  | 9710 | 2918 |
| 6.900% due 08/12/2037  | 1966 | 561 |
| 6.950% due 08/12/2031  | 7618 | 2374 |
| **Republic of South Africa Government Bonds**  |  |  |
| 7.000% due 02/28/2031  | 39900 | 2210 |
| 8.000% due 01/31/2030  | 6700 | 392 |
| 8.500% due 01/31/2037  | 28100 | 1552 |
| 8.875% due 02/28/2035  | 79400 | 4612 |
| 9.000% due 01/31/2040  | 6800 | 378 |
| **Romania Government International Bonds**  |  |  |
| 5.125% due 09/24/2031  | 600 | 689 |
| 5.250% due 03/10/2030  | 1600 | 1877 |
| 5.375% due 06/07/2033  | 1200 | 1352 |
| 6.250% due 09/10/2034  | 1200 | 1409 |
| **Russia Foreign Bonds - Eurobond**  |  |  |
| 5.100% due 03/28/2035 «  | $400 | 0 |
| 5.250% due 06/23/2047 «  | 1600 | 0 |
| 5.625% due 04/04/2042  | 2000 | 1400 |
| **Turkiye Government Bonds**  |  |  |
| 39.740% (BISTREFI) due 05/20/2026 ~  | 200 | 5 |
| 39.740% (BISTREFI) due 08/19/2026 ~  | 200 | 5 |
| 39.740% (BISTREFI) due 05/17/2028 ~  | 52000 | 1166 |
| 40.299% (BISTREFI) due 09/06/2028 ~  | 2500 | 56 |
| **Turkiye Government International Bonds**  |  |  |
| 5.250% due 03/13/2030  | $600 | 574 |
| 7.625% due 04/26/2029  | 700 | 724 |
| **Venezuela Government International Bonds**  |  |  |
| 6.000% due 12/09/2049 ^(b)  | 122 | 47 |
| 7.000% due 03/31/2038 ^(b)  | 43 | 18 |
| 7.650% due 04/21/2035 ^(b)  | 105 | 44 |
| 9.250% due 09/15/2027 ^(b)  | 243 | 117 |

---

------

<br> Schedule of Investments PIMCO Income Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 9.250% due 05/07/2028 ^(b)  | 183 | 84 |
| 11.750% due 10/21/2026 ^(b)  | 10 | 5 |
| 11.950% due 08/05/2031 ^(b)  | 300 | 155 |
| Total Sovereign Issues (Cost $115,821) |  | 119189 |
|  | SHARES |  |
| **COMMON STOCKS 0.2%**  |  |  |
| **COMMUNICATION SERVICES 0.1%**  |  |  |
| **Clear Channel Outdoor Holdings, Inc. (c)** | 133771 | 317 |
| **iHeartMedia, Inc. Class A (c)** | 31404 | 92 |
| **iHeartMedia, Inc. Class B «(c)** | 24427 | 63 |
| **SES SA «(c)** | 28556 | 428 |
| **Uniti Group, Inc. (c)** | 696 | 6 |
|  |  | 906 |
| **FINANCIALS 0.0%**  |  |  |
| **Windstream Services LLC (c)** | 2018 | 19 |
| **XBP Global Holdings, Inc. (c)** | 247 | 1 |
|  |  | 20 |
| **HEALTH CARE 0.1%**  |  |  |
| **AmSurg Corp. «(c)(i)** | 22386 | 985 |
| **INDUSTRIALS 0.0%**  |  |  |
| **Luxco Co. Ltd. «(c)(i)** | 3759 | 70 |
| **Westmoreland Mining Holdings «(c)(i)** | 237 | 0 |
| **Westmoreland Mining LLC «(c)(i)** | 749 | 3 |
|  |  | 73 |
| **REAL ESTATE 0.0%**  |  |  |
| **Country Garden Holdings Co. Ltd. (c)** | 194266 | 8 |
| Total Common Stocks (Cost $2,669) |  | 1992 |
| **WARRANTS 0.0%**  |  |  |
| **COMMUNICATION SERVICES 0.0%**  |  |  |
| **Windstream Holdings II LLC - Exp. 08/01/2035** | 393 | 4 |
| Total Warrants (Cost $2) |  | 4 |
| **PREFERRED SECURITIES 0.2%**  |  |  |
| **BANKING & FINANCE 0.2%**  |  |  |
| **Cooperatieve Rabobank UA**<br>6.500% due 12/31/2099 þ(h) | 1269650 | 1626 |
| **Windstream Holdings II LLC**<br>11.000% « | 13 | 14 |
| Total Preferred Securities (Cost $1,880) |  | 1640 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **SHORT-TERM INSTRUMENTS 0.6%**  |  |  |
| **EGYPT TREASURY BILLS 0.0%**  |  |  |
| 24.060% due 10/20/2026 (e)(f) | 4050 | 65 |
| **NIGERIA TREASURY BILLS 0.5%**  |  |  |
| 31.446% due 06/11/2026 - 06/29/2026 (d)(e) | 6633245 | 4579 |
| **TURKEY TREASURY BILLS 0.1%**  |  |  |
| 38.693% due 04/07/2026 (d)(e) | 39000 | 871 |
| **U.S. TREASURY BILLS 0.0%**  |  |  |
| 3.614% due 04/07/2026 (e)(f)(n) | $394 | 394 |

---

------

<br> Schedule of Investments PIMCO Income Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total Short-Term Instruments (Cost $5,475) |  | 5909 |
| Total Investments in Securities (Cost $1,665,773) |  | 1658857 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 0.5%**  |  |  |
| **SHORT-TERM INSTRUMENTS 0.5%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 0.5%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 517333 | 5038 |
| Total Short-Term Instruments (Cost $5,038) |  | 5038 |
| Total Investments in Affiliates (Cost $5,038) |  | 5038 |
| Total Investments 161.7% (Cost $1,670,811) |  | $1663895 |
| **Financial Derivative Instruments (k)(m) 0.2**%(Cost or Premiums, net $4,232) |  | 1913 |
| Other Assets and Liabilities, net (61.9)% |  | (636805) |
| Net Assets 100.0% |  | $1029003 |

---

------

<br> Schedule of Investments PIMCO Income Portfolio (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:**  |
| **\* 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.** |
| **^** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** |
| **«** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **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.** |
| **•** | **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.** |
| **(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.** |
| **(b)** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** |
| **(c)** | **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.** | **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.** |
| **(d)** | **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.** |
| **(e)** | **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.** |
| **(f)** | **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.** |
| **(g)** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** | **Principal amount of security is adjusted for inflation.** |
| **(h)** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** |
| **(i)** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** |
| Issuer Description | Issuer Description | Issuer Description | Acquisition<br>Date | Acquisition<br>Date | Cost | Cost | Market<br>Value | Market<br>Value | Market Value<br>as Percentage<br>of Net Assets |
| AmSurg Corp. | AmSurg Corp. | AmSurg Corp. | 11/02/2023 - 11/06/2023 | 11/02/2023 - 11/06/2023 | $935 | 935 | $985 | 985 | 0.10 |
| Country Garden Holdings Co. Ltd. 0.000% due 12/31/2031 | Country Garden Holdings Co. Ltd. 0.000% due 12/31/2031 | Country Garden Holdings Co. Ltd. 0.000% due 12/31/2031 | 12/30/2025 - 12/31/2025 | 12/30/2025 - 12/31/2025 | 58 | 58 | 46 | 46 | 0.00 |
| Luxco Co. Ltd. | Luxco Co. Ltd. | Luxco Co. Ltd. | 10/01/2025 | 10/01/2025 | 66 | 66 | 70 | 70 | 0.01 |
| Morgan Stanley 0.000% due 04/02/2032 | Morgan Stanley 0.000% due 04/02/2032 | Morgan Stanley 0.000% due 04/02/2032 | 02/11/2020 | 02/11/2020 | 271 | 271 | 223 | 223 | 0.02 |
| Westmoreland Mining Holdings | Westmoreland Mining Holdings | Westmoreland Mining Holdings | 03/26/2019 | 03/26/2019 | 1 | 1 | 0 | 0 | 0.00 |
| Westmoreland Mining LLC | Westmoreland Mining LLC | Westmoreland Mining LLC | 06/30/2023 - 02/03/2025 | 06/30/2023 - 02/03/2025 | 3 | 3 | 3 | 3 | 0.00 |
|  |  |  |  |  | $1334 | 1334 | $1327 | 1327 | 0.13 |
| **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:** |
| Counterparty | Counterparty | Borrowing Rate<sup>(1)</sup> | Settlement Date | Maturity Date | Maturity Date | Amount<br>Borrowed<sup>(1)</sup> | Amount<br>Borrowed<sup>(1)</sup> | Payable for<br>Reverse<br>Repurchase<br>Agreements | Payable for<br>Reverse<br>Repurchase<br>Agreements |
| BOS | BOS | 2.500%  | 03/25/2026 | 04/01/2026 | 04/01/2026 | $(577) | (577) | $(578) | (578) |
|  |  | 3.750  | 03/25/2026 | 04/01/2026 | 04/01/2026 | (976) | (976) | (977) | (977) |
|  |  | 3.800  | 03/26/2026 | 04/01/2026 | 04/01/2026 | (4618) | (4618) | (4621) | (4621) |
| BPS | BPS | 3.690  | 04/01/2026 | 04/07/2026 | 04/07/2026 | (583) | (583) | (583) | (583) |
|  |  | 3.780  | 04/01/2026 | 04/07/2026 | 04/07/2026 | (689) | (689) | (688) | (688) |
| NOM | NOM | 3.750  | 04/02/2026 | 04/16/2026 | 04/16/2026 | (43001) | (43001) | (43001) | (43001) |
|  |  | 3.760  | 02/19/2026 | 04/02/2026 | 04/02/2026 | (38536) | (38536) | (38701) | (38701) |
| **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** |  |  |  |  |  |  | $**(89149)** | **(89149)** |
| **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 | Borrowing Rate<sup>(1)</sup> | 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> | Payable for<br>Sale-Buyback<br>Transactions<sup>(2)</sup> |
| BCY | BCY | 3.770%  | 03/10/2026 | 04/14/2026 | 04/14/2026 | $(3627) | (3627) | $(3635) | (3635) |
|  |  | 3.770  | 03/11/2026 | 04/22/2026 | 04/22/2026 | (9254) | (9254) | (9274) | (9274) |
|  |  | 3.780  | 03/16/2026 | 04/06/2026 | 04/06/2026 | (8458) | (8458) | (8473) | (8473) |
| **Total Sale-Buyback Transactions** | **Total Sale-Buyback Transactions** |  |  |  |  |  |  | $**(21382)** | **(21382)** |

---

------

<br> Schedule of Investments PIMCO Income Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **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:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** | **SHORT SALES:** |
| Description | Description | Description | Description | Description | Description | Description | Description | Description | Description | Description | Coupon | Maturity<br>Date | Maturity<br>Date |  | Principal<br>Amount | Principal<br>Amount |  | Proceeds | Proceeds | Proceeds | Payable for<br>Short Sales |
| U.S. Government Agencies (0.3)% | U.S. Government Agencies (0.3)% | U.S. Government Agencies (0.3)% | U.S. Government Agencies (0.3)% | U.S. Government Agencies (0.3)% | U.S. Government Agencies (0.3)% | U.S. Government Agencies (0.3)% | U.S. Government Agencies (0.3)% | U.S. Government Agencies (0.3)% | U.S. Government Agencies (0.3)% | U.S. Government Agencies (0.3)% | U.S. Government Agencies (0.3)% | U.S. Government Agencies (0.3)% | U.S. Government Agencies (0.3)% | U.S. Government Agencies (0.3)% | U.S. Government Agencies (0.3)% | U.S. Government Agencies (0.3)% | U.S. Government Agencies (0.3)% | U.S. Government Agencies (0.3)% | U.S. Government Agencies (0.3)% | U.S. Government Agencies (0.3)% | U.S. Government Agencies (0.3)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | 2.500% | 05/01/2056 | 05/01/2056 | $ | 300 | 300 | $ | $ | (257) | (257) | $(258) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 2.000 | 05/01/2056 | 05/01/2056 |  | 3200 | 3200 |  |  | (2563) | (2563) | (2577) |
| **Total Short Sales (0.3)%** | **Total Short Sales (0.3)%** | **Total Short Sales (0.3)%** | **Total Short Sales (0.3)%** | **Total Short Sales (0.3)%** | **Total Short Sales (0.3)%** | **Total Short Sales (0.3)%** | **Total Short Sales (0.3)%** | **Total Short Sales (0.3)%** | **Total Short Sales (0.3)%** | **Total Short Sales (0.3)%** |  |  |  |  |  |  | **$** | **$** | **(2820)** | **(2820)** | $**(2835)** |
| **(j)** | **Securities with an aggregate market value of $65,858 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $65,858 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $65,858 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $65,858 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $65,858 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $65,858 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $65,858 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $65,858 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $65,858 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $65,858 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $65,858 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $65,858 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $65,858 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $65,858 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $65,858 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $65,858 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $65,858 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $65,858 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $65,858 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $65,858 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $65,858 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 $(56473) at a weighted average interest rate of 3.773%. 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 $(56473) at a weighted average interest rate of 3.773%. 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 $(56473) at a weighted average interest rate of 3.773%. 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 $(56473) at a weighted average interest rate of 3.773%. 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 $(56473) at a weighted average interest rate of 3.773%. 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 $(56473) at a weighted average interest rate of 3.773%. 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 $(56473) at a weighted average interest rate of 3.773%. 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 $(56473) at a weighted average interest rate of 3.773%. 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 $(56473) at a weighted average interest rate of 3.773%. 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 $(56473) at a weighted average interest rate of 3.773%. 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 $(56473) at a weighted average interest rate of 3.773%. 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 $(56473) at a weighted average interest rate of 3.773%. 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 $(56473) at a weighted average interest rate of 3.773%. 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 $(56473) at a weighted average interest rate of 3.773%. 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 $(56473) at a weighted average interest rate of 3.773%. 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 $(56473) at a weighted average interest rate of 3.773%. 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 $(56473) at a weighted average interest rate of 3.773%. 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 $(56473) at a weighted average interest rate of 3.773%. 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 $(56473) at a weighted average interest rate of 3.773%. 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 $(56473) at a weighted average interest rate of 3.773%. 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 $(56473) at a weighted average interest rate of 3.773%. 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 $(30) of deferred price drop. | Payable for sale-buyback transactions includes $(30) of deferred price drop. | Payable for sale-buyback transactions includes $(30) of deferred price drop. | Payable for sale-buyback transactions includes $(30) of deferred price drop. | Payable for sale-buyback transactions includes $(30) of deferred price drop. | Payable for sale-buyback transactions includes $(30) of deferred price drop. | Payable for sale-buyback transactions includes $(30) of deferred price drop. | Payable for sale-buyback transactions includes $(30) of deferred price drop. | Payable for sale-buyback transactions includes $(30) of deferred price drop. | Payable for sale-buyback transactions includes $(30) of deferred price drop. | Payable for sale-buyback transactions includes $(30) of deferred price drop. | Payable for sale-buyback transactions includes $(30) of deferred price drop. | Payable for sale-buyback transactions includes $(30) of deferred price drop. | Payable for sale-buyback transactions includes $(30) of deferred price drop. | Payable for sale-buyback transactions includes $(30) of deferred price drop. | Payable for sale-buyback transactions includes $(30) of deferred price drop. | Payable for sale-buyback transactions includes $(30) of deferred price drop. | Payable for sale-buyback transactions includes $(30) of deferred price drop. | Payable for sale-buyback transactions includes $(30) of deferred price drop. | Payable for sale-buyback transactions includes $(30) of deferred price drop. | Payable for sale-buyback transactions includes $(30) of deferred price drop. |
| **(k)** | **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** | **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** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** |
| Description | Description | Description | Description | Description | Description | Description | Description | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Expiration<br>Date | Expiration<br>Date | # of<br>Contracts | Notional Amount | Notional Amount | Premiums<br>(Received) | Premiums<br>(Received) | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value |
| Put - CBOE U.S. Treasury 10-Year Note May Futures  | Put - CBOE U.S. Treasury 10-Year Note May Futures  | Put - CBOE U.S. Treasury 10-Year Note May Futures  | Put - CBOE U.S. Treasury 10-Year Note May Futures  | Put - CBOE U.S. Treasury 10-Year Note May Futures  | Put - CBOE U.S. Treasury 10-Year Note May Futures  | Put - CBOE U.S. Treasury 10-Year Note May Futures  | Put - CBOE U.S. Treasury 10-Year Note May Futures  | $110.000 | 110.000 | 04/24/2026 | 04/24/2026 | 04/24/2026 | 12 | $12 | 12 | (4) | (4) | (4) | (4) | $ | (4) |
| Call - CBOE U.S. Treasury 10-Year Note May Futures  | Call - CBOE U.S. Treasury 10-Year Note May Futures  | Call - CBOE U.S. Treasury 10-Year Note May Futures  | Call - CBOE U.S. Treasury 10-Year Note May Futures  | Call - CBOE U.S. Treasury 10-Year Note May Futures  | Call - CBOE U.S. Treasury 10-Year Note May Futures  | Call - CBOE U.S. Treasury 10-Year Note May Futures  | Call - CBOE U.S. Treasury 10-Year Note May Futures  | 113.000 | 113.000 | 04/24/2026 | 04/24/2026 | 04/24/2026 | 12 | 12 | 12 | (3) | (3) | (3) | (3) |  | (2) |
| Put - EUREX Euro-Bund 10-Year Bond April Futures  | Put - EUREX Euro-Bund 10-Year Bond April Futures  | Put - EUREX Euro-Bund 10-Year Bond April Futures  | Put - EUREX Euro-Bund 10-Year Bond April Futures  | Put - EUREX Euro-Bund 10-Year Bond April Futures  | Put - EUREX Euro-Bund 10-Year Bond April Futures  | Put - EUREX Euro-Bund 10-Year Bond April Futures  | Put - EUREX Euro-Bund 10-Year Bond April Futures  | 125.500 | 125.500 | 04/24/2026 | 04/24/2026 | 04/24/2026 | 5 | 5 | 5 | (2) | (2) | (2) | (2) |  | (5) |
| Call - EUREX Euro-Bund 10-Year Bond April Futures  | Call - EUREX Euro-Bund 10-Year Bond April Futures  | Call - EUREX Euro-Bund 10-Year Bond April Futures  | Call - EUREX Euro-Bund 10-Year Bond April Futures  | Call - EUREX Euro-Bund 10-Year Bond April Futures  | Call - EUREX Euro-Bund 10-Year Bond April Futures  | Call - EUREX Euro-Bund 10-Year Bond April Futures  | Call - EUREX Euro-Bund 10-Year Bond April Futures  | 128.000 | 128.000 | 04/24/2026 | 04/24/2026 | 04/24/2026 | 5 | 5 | 5 | (2) | (2) | (2) | (2) |  | (1) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **$** | $**(11)** | **(11)** | **(11)** | **(11)** | **$** | **(12)** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **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> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description |  | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | 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 | Asset | Asset | Asset | Liability |
| Australia Government 10-Year Bond June Futures  | Australia Government 10-Year Bond June Futures  | Australia Government 10-Year Bond June Futures  | Australia Government 10-Year Bond June Futures  | Australia Government 10-Year Bond June Futures  | 06/2026 | 06/2026 | 101 | 101 | 7509 | 7509 | 7509 | 7509 | $(37) | (37) | (37) | $ | $71 | 71 | 71 | 71 | 0 |
| Long Guilt June Futures  | Long Guilt June Futures  | Long Guilt June Futures  | Long Guilt June Futures  | Long Guilt June Futures  | 06/2026 | 06/2026 | 422 | 422 | 49036 | 49036 | 49036 | 49036 | (2219) | (2219) | (2219) |  | 369 | 369 | 369 | 369 | 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 | 360 | 360 | 74680 | 74680 | 74680 | 74680 | (37) | (37) | (37) |  | 28 | 28 | 28 | 28 | 0 |
| 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 | 1157 | 1157 | 125164 | 125164 | 125164 | 125164 | (1806) | (1806) | (1806) |  | 163 | 163 | 163 | 163 | 0 |
| 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 | 1836 | 1836 | 203882 | 203882 | 203882 | 203882 | (3602) | (3602) | (3602) |  | 430 | 430 | 430 | 430 | 0 |
| U.S. Treasury Ultra Long-Term Bond June Futures  | U.S. Treasury Ultra Long-Term Bond June Futures  | U.S. Treasury Ultra Long-Term Bond June Futures  | U.S. Treasury Ultra Long-Term Bond June Futures  | U.S. Treasury Ultra Long-Term Bond June Futures  | 06/2026 | 06/2026 | 244 | 244 | 28441 | 28441 | 28441 | 28441 | (861) | (861) | (861) |  | 53 | 53 | 53 | 53 | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  | (8562) | (8562) | $ | $ | 1114 | 1114 | 1114 | $ | 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** | **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> | <u>Variation Margin</u> |
| Description | Description | Description | Description |  | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | 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 | Asset | Asset | Asset | Liability |
| 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 06/2026 | 06/2026 | 10 | 10 | (2408) | (2408) | (2408) | (2408) | $37 | 37 | 37 | $ | $0 | 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 | 22 | 22 | (2935) | (2935) | (2935) | (2935) | 46 | 46 | 46 |  | 0 | 0 | 0 | 0 | (12) |
| Euro-Bund June Futures  | Euro-Bund June Futures  | Euro-Bund June Futures  | Euro-Bund June Futures  | Euro-Bund June Futures  | 06/2026 | 06/2026 | 78 | 78 | (11305) | (11305) | (11305) | (11305) | 302 | 302 | 302 |  | 0 | 0 | 0 | 0 | (82) |
| 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 | 1 | 1 | (821) | (821) | (821) | (821) | 11 | 11 | 11 |  | 0 | 0 | 0 | 0 | (2) |
| 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 | 163 | 163 | (18503) | (18503) | (18503) | (18503) | 423 | 423 | 423 |  | 0 | 0 | 0 | 0 | (48) |
| 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 | 262 | 262 | (29835) | (29835) | (29835) | (29835) | 908 | 908 | 908 |  | 0 | 0 | 0 | 0 | (98) |
|  |  |  |  |  |  |  |  |  |  |  |  |  | 1727 | 1727 | $ | $ | 0 | 0 | 0 | $ | (242) |
| **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** | **(6835)** | **(6835)** | **$** | **$** | **1114** | **1114** | **1114** | **$** | **(242)** |
| **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:** | **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> | **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 | 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> |  | Notional<br>Amount<sup>(3)</sup> | Notional<br>Amount<sup>(3)</sup> | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value<sup>(4)</sup> | Market<br>Value<sup>(4)</sup> | Market<br>Value<sup>(4)</sup> | Market<br>Value<sup>(4)</sup> | Asset | Asset | Liability |
| Airbus Finance BV  | Airbus Finance BV  | 1.000% | 06/20/2026 | 0.113 | 0.113 | EUR | 1800 | 1800 | $51 | 51 | 51 | $ | (46) | (46) | 5 | 5 | 5 | 5 | $0 | 0 | $0 |
| AT&T, Inc.  | AT&T, Inc.  | 1.000 | 06/20/2028 | 0.395 | 0.395 | $ | $200 | 200 | (1) | (1) | (1) |  | 4 | 4 | 3 | 3 | 3 | 3 | 0 | 0 | 0 |
| Ford Motor Credit Co. LLC  | Ford Motor Credit Co. LLC  | 5.000 | 06/20/2027 | 0.653 | 0.653 |  | 400 | 400 | 21 | 21 | 21 |  | 0 | 0 | 21 | 21 | 21 | 21 | 0 | 0 | 0 |

---

------

<br> Schedule of Investments PIMCO Income Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| General Electric Co.  | General Electric Co.  | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2026 | 06/20/2026 | 06/20/2026 | 0.051 | 0.051 |  | 2000 | 8 |  | (3) |  | 5 | 0 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | 79 | 79 | (45) | (45) | 34 | 0 | 0 | 0 |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Index/Tranches | Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount<sup>(3)</sup> | Notional<br>Amount<sup>(3)</sup> | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) |  | Market<br>Value<sup>(4)</sup> | Asset |  | Liability |
| CDX.EM-36 5-Year Index  | CDX.EM-36 5-Year Index  | CDX.EM-36 5-Year Index  | 1.000% | 1.000% | 1.000% | Quarterly | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 12/20/2026 | 4324 | 4324 | (162) | $ | 174 | $ | 12 | 2 | $ | 0 |
| CDX.EM-38 5-Year Index  | CDX.EM-38 5-Year Index  | CDX.EM-38 5-Year Index  | 1.000 | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 12/20/2027 | 12/20/2027 | 12/20/2027 | 400 | 400 | (33) |  | 35 |  | 2 | 2 |  | 0 |
| CDX.EM-39 5-Year Index  | CDX.EM-39 5-Year Index  | CDX.EM-39 5-Year Index  | 1.000 | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2028 | 06/20/2028 | 06/20/2028 | 100 | 100 | (7) |  | 6 |  | (1) | 0 |  | (1) |
| CDX.EM-40 5-Year Index  | CDX.EM-40 5-Year Index  | CDX.EM-40 5-Year Index  | 1.000 | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 12/20/2028 | 12/20/2028 | 12/20/2028 | 1600 | 1600 | (74) |  | 74 |  | 0 | 7 |  | 0 |
| CDX.EM-41 5-Year Index  | CDX.EM-41 5-Year Index  | CDX.EM-41 5-Year Index  | 1.000 | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2029 | 06/20/2029 | 06/20/2029 | 400 | 400 | (15) |  | 14 |  | (1) | 2 |  | 0 |
| CDX.EM-42 5-Year Index  | CDX.EM-42 5-Year Index  | CDX.EM-42 5-Year Index  | 1.000 | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 12/20/2029 | 12/20/2029 | 12/20/2029 | 400 | 400 | (12) |  | 9 |  | (3) | 2 |  | 0 |
| CDX.EM-44 5-Year Index  | CDX.EM-44 5-Year Index  | CDX.EM-44 5-Year Index  | 1.000 | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 12/20/2030 | 100 | 100 | (2) |  | 0 |  | (2) | 0 |  | 0 |
| CDX.EM-45 5-Year Index  | CDX.EM-45 5-Year Index  | CDX.EM-45 5-Year Index  | 1.000 | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2031 | 06/20/2031 | 06/20/2031 | 200 | 200 | (9) |  | 1 |  | (8) | 1 |  | 0 |
| CDX.HY-36 5-Year Index  | CDX.HY-36 5-Year Index  | CDX.HY-36 5-Year Index  | 5.000 | 5.000 | 5.000 | Quarterly | Quarterly | Quarterly | 06/20/2026 | 06/20/2026 | 06/20/2026 | 2496 | 2496 | 212 |  | (204) |  | 8 | 1 |  | 0 |
| CDX.HY-37 5-Year Index  | CDX.HY-37 5-Year Index  | CDX.HY-37 5-Year Index  | 5.000 | 5.000 | 5.000 | Quarterly | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 12/20/2026 | 1056 | 1056 | 57 |  | (32) |  | 25 | 5 |  | 0 |
| CDX.HY-43 5-Year Index  | CDX.HY-43 5-Year Index  | CDX.HY-43 5-Year Index  | 5.000 | 5.000 | 5.000 | Quarterly | Quarterly | Quarterly | 12/20/2029 | 12/20/2029 | 12/20/2029 | 1683 | 1683 | 122 |  | (22) |  | 100 | 14 |  | 0 |
| CDX.HY-44 5-Year Index  | CDX.HY-44 5-Year Index  | CDX.HY-44 5-Year Index  | 5.000 | 5.000 | 5.000 | Quarterly | Quarterly | Quarterly | 06/20/2030 | 06/20/2030 | 06/20/2030 | 198 | 198 | 5 |  | 7 |  | 12 | 2 |  | 0 |
| CDX.HY-45 5-Year Index  | CDX.HY-45 5-Year Index  | CDX.HY-45 5-Year Index  | 5.000 | 5.000 | 5.000 | Quarterly | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 12/20/2030 | 12623 | 12623 | 955 |  | (269) |  | 686 | 113 |  | 0 |
| CDX.HY-46 5-Year Index  | CDX.HY-46 5-Year Index  | CDX.HY-46 5-Year Index  | 5.000 | 5.000 | 5.000 | Quarterly | Quarterly | Quarterly | 06/20/2031 | 06/20/2031 | 06/20/2031 | 3800 | 3800 | 149 |  | 39 |  | 188 | 35 |  | 0 |
| CDX.IG-45 5-Year Index  | CDX.IG-45 5-Year Index  | CDX.IG-45 5-Year Index  | 1.000 | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 12/20/2030 | 11470 | 11470 | 257 |  | (50) |  | 207 | 22 |  | 0 |
| CDX.iTraxx Crossover 44 5-Year Index  | CDX.iTraxx Crossover 44 5-Year Index  | CDX.iTraxx Crossover 44 5-Year Index  | 1.000 | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 12/20/2030 | 5120 | 5120 | 133 |  | (44) |  | 89 | 6 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1576 | $ | (262) | $ | 1314 | 214 | $ | (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** | **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 | Floating Rate Index | Fixed Rate | Fixed Rate | Fixed Rate | Payment<br>Frequency | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Notional<br>Amount | 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 | Asset | Asset | Liability |
| Pay | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.500% | 3.500% | 3.500% | Annual | Annual | Annual | 03/18/2028 | 24600 | 24600 | $(542) | (542) | $68 | 68 | (474) | $51 | 51 | $0 |
| Pay | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.500 | 3.500 | 3.500 | Annual | Annual | Annual | 03/18/2031 | 34380 | 34380 | (469) | (469) | (997) | (997) | (1466) | 110 | 110 | 0 |
| Receive | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.700 | 3.700 | 3.700 | Annual | Annual | Annual | 03/28/2034 | 200 | 200 | (1) | (1) | 12 | 12 | 11 | 0 | 0 | (1) |
| Receive | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 4.000 | 4.000 | 4.000 | Annual | Annual | Annual | 03/18/2036 | 3030 | 3030 | 9 | 9 | 136 | 136 | 145 | 0 | 0 | (13) |
| Receive | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 4.500 | 4.500 | 4.500 | Annual | Annual | Annual | 03/18/2056 | 180 | 180 | 1 | 1 | 11 | 11 | 12 | 0 | 0 | (1) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 0.176 | 0.176 | 0.176 | Annual | Annual | Annual | 04/27/2027 | 180000 | 180000 | (11) | (11) | (4) | (4) | (15) | 0 | 0 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 0.020 | 0.020 | 0.020 | Semi-Annual | Semi-Annual | Semi-Annual | 09/20/2028 | 430000 | 430000 | 96 | 96 | 5 | 5 | 101 | 0 | 0 | (2) |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 0.000 | 0.000 | 0.000 | Semi-Annual | Semi-Annual | Semi-Annual | 03/15/2029 | 4351000 | 4351000 | 1273 | 1273 | (10) | (10) | 1263 | 0 | 0 | (28) |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 0.700 | 0.700 | 0.700 | Annual | Annual | Annual | 09/18/2029 | 2200000 | 2200000 | 370 | 370 | 41 | 41 | 411 | 0 | 0 | (19) |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 0.400 | 0.400 | 0.400 | Annual | Annual | Annual | 06/15/2032 | 541400 | 541400 | 268 | 268 | 27 | 27 | 295 | 0 | 0 | (8) |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | 1.000 | 1.000 | Annual | Annual | Annual | 09/18/2034 | 1130000 | 1130000 | 515 | 515 | 44 | 44 | 559 | 0 | 0 | (22) |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1.250 | 1.250 | 1.250 | Annual | Annual | Annual | 06/18/2035 | 192000 | 192000 | 75 | 75 | 4 | 4 | 79 | 0 | 0 | (4) |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 0.500 | 0.500 | 0.500 | Annual | Annual | Annual | 03/15/2042 | 258000 | 258000 | 429 | 429 | 20 | 20 | 449 | 0 | 0 | (4) |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 0.711 | 0.711 | 0.711 | Annual | Annual | Annual | 04/27/2042 | 46000 | 46000 | 69 | 69 | 3 | 3 | 72 | 0 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 0.940 | 0.940 | 0.940 | Semi-Annual | Semi-Annual | Semi-Annual | 06/08/2026 | $1100 | 1100 | 0 | 0 | 6 | 6 | 6 | 0 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 0.500 | 0.500 | 0.500 | Semi-Annual | Semi-Annual | Semi-Annual | 06/16/2026 | 8200 | 8200 | 76 | 76 | (14) | (14) | 62 | 1 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.000 | 3.000 | 3.000 | Semi-Annual | Semi-Annual | Semi-Annual | 06/19/2026 | 11200 | 11200 | (915) | (915) | 862 | 862 | (53) | 1 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.500 | 3.500 | 3.500 | Annual | Annual | Annual | 06/21/2026 | 1100 | 1100 | 0 | 0 | 6 | 6 | 6 | 0 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1.250 | 1.250 | 1.250 | Semi-Annual | Semi-Annual | Semi-Annual | 12/15/2026 | 12400 | 12400 | 114 | 114 | (327) | (327) | (213) | 0 | 0 | 0 |

---

------

<br> Schedule of Investments PIMCO Income Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.740 | Semi-Annual | 12/16/2026 | 400 | (18) | 23 | 5 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.570 | Semi-Annual | 01/11/2027 | 900 | (1) | (20) | (21) | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.425 | Semi-Annual | 01/18/2027 | 1000 | (2) | (23) | (25) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.350 | Semi-Annual | 01/20/2027 | 3500 | (1) | 92 | 91 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.418 | Semi-Annual | 01/20/2027 | 500 | 0 | (13) | (13) | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.550 | Semi-Annual | 01/20/2027 | 15500 | (36) | (337) | (373) | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.580 | Semi-Annual | 02/16/2027 | 1100 | (2) | (24) | (26) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.450 | Semi-Annual | 02/17/2027 | 2600 | (1) | 66 | 65 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.700 | Semi-Annual | 02/17/2027 | 10200 | (27) | (203) | (230) | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.573 | Annual | 02/28/2027 | 700 | (1) | (14) | (15) | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.928 | Annual | 03/25/2027 | 1200 | (2) | (19) | (21) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.000 | Annual | 06/15/2027 | 2630 | 88 | 60 | 148 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.450 | Annual | 10/04/2027 | 1790 | 0 | 45 | 45 | 0 | (1) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 2.900 | Annual | 10/04/2027 | 5100 | (37) | (45) | (82) | 2 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 2.955 | Annual | 10/04/2027 | 1100 | (8) | (9) | (17) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.000 | Annual | 12/21/2027 | 660 | 47 | (26) | 21 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.800 | Annual | 03/10/2028 | 500 | (1) | 3 | 2 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.235 | Semi-Annual | 05/12/2028 | 400 | (1) | 23 | 22 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 0.500 | Semi-Annual | 06/16/2028 | 3213 | (130) | (100) | (230) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.250 | Semi-Annual | 06/20/2028 | 1300 | (111) | 150 | 39 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/21/2028 | 29180 | 204 | 206 | 410 | 0 | (13) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.800 | Annual | 09/05/2028 | 1100 | (8) | 12 | 4 | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.265 | Semi-Annual | 09/28/2028 | 800 | (1) | (51) | (52) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.510 | Annual | 11/30/2028 | 430 | 0 | 1 | 1 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.515 | Annual | 11/30/2028 | 750 | 0 | 2 | 2 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.500 | Semi-Annual | 12/15/2028 | 3066 | 60 | (238) | (178) | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/20/2028 | 14450 | 74 | (137) | (63) | 0 | (9) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.500 | Semi-Annual | 01/12/2029 | 578 | 0 | 39 | 39 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.700 | Semi-Annual | 01/12/2029 | 2100 | (6) | (124) | (130) | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.518 | Semi-Annual | 01/20/2029 | 300 | 0 | (20) | (20) | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.630 | Semi-Annual | 01/26/2029 | 500 | (1) | (31) | (32) | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.940 | Annual | 02/22/2029 | 1200 | (3) | 15 | 12 | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.970 | Annual | 02/27/2029 | 400 | (1) | 5 | 4 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.300 | Annual | 02/28/2029 | 760 | 0 | 6 | 6 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.250 | Annual | 03/20/2029 | 1100 | (35) | 14 | (21) | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.000 | Annual | 06/15/2029 | 4690 | 225 | 256 | 481 | 0 | (3) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.750 | Annual | 06/15/2029 | 1866 | 115 | 23 | 138 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 06/20/2029 | 14400 | (257) | 219 | (38) | 0 | (12) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.000 | Semi-Annual | 12/10/2029 | 800 | (71) | 119 | 48 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.500 | Semi-Annual | 12/18/2029 | 800 | (45) | 108 | 63 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2029 | 68730 | (601) | 189 | (412) | 0 | (65) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.000 | Annual | 12/21/2029 | 4920 | 467 | (174) | 293 | 0 | (4) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.750 | Semi-Annual | 01/15/2030 | 2800 | (205) | 427 | 222 | 0 | (2) |

---

------

<br> Schedule of Investments PIMCO Income Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.000 | Semi-Annual | 02/12/2030 | 1600 | (145) | 256 | 111 | 0 | (1) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.470 | Annual | 02/22/2030 | 900 | (3) | (1) | (4) | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.340 | Annual | 02/23/2030 | 800 | (3) | (4) | (7) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.842 | Annual | 03/04/2030 | 1400 | (3) | (10) | (13) | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.000 | Semi-Annual | 03/10/2030 | 800 | (74) | 130 | 56 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.430 | Semi-Annual | 03/17/2030 | 800 | (42) | 114 | 72 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.000 | Annual | 03/19/2030 | 12000 | 505 | (244) | 261 | 0 | (11) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.250 | Semi-Annual | 06/17/2030 | 24800 | (996) | 3473 | 2477 | 0 | (20) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/18/2030 | 910 | 5 | 13 | 18 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.000 | Annual | 06/21/2030 | 16590 | 153 | 370 | 523 | 0 | (16) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 06/22/2030 | 1300 | (5) | (6) | (11) | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.800 | Annual | 08/22/2030 | 200 | (1) | 2 | 1 | 0 | 0 |
| Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.325 | Annual | 08/31/2030 | 15840 | 52 | 105 | 157 | 0 | (16) |
| Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.337 | Annual | 08/31/2030 | 880 | 0 | 8 | 8 | 0 | (1) |
| Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.369 | Annual | 08/31/2030 | 870 | 0 | 7 | 7 | 0 | (1) |
| Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.407 | Annual | 08/31/2030 | 330 | 0 | 2 | 2 | 0 | 0 |
| Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.422 | Annual | 08/31/2030 | 440 | 0 | 3 | 3 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 09/17/2030 | 20420 | (258) | 150 | (108) | 0 | (21) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.000 | Semi-Annual | 12/16/2030 | 719 | 4 | 85 | 89 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2030 | 9680 | (188) | 128 | (60) | 0 | (10) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 12/20/2030 | 4570 | 246 | (222) | 24 | 0 | (5) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 03/18/2031 | 3460 | (25) | 44 | 19 | 0 | (4) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.250 | Annual | 03/20/2031 | 320 | (15) | 6 | (9) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.328 | Annual | 04/30/2031 | 550 | 0 | 12 | 12 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.431 | Annual | 04/30/2031 | 880 | 0 | 14 | 14 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 0.750 | Semi-Annual | 06/16/2031 | 4400 | 274 | 380 | 654 | 0 | (4) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 0.750 | Semi-Annual | 06/16/2031 | 6495 | (498) | (469) | (967) | 6 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 06/20/2031 | 49300 | 456 | (603) | (147) | 0 | (54) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.300 | Annual | 06/30/2031 | 1790 | 0 | 39 | 39 | 0 | (2) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.450 | Semi-Annual | 07/16/2031 | 800 | (3) | 102 | 99 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.405 | Semi-Annual | 09/07/2031 | 900 | (4) | 117 | 113 | 0 | (1) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.500 | Semi-Annual | 10/05/2031 | 600 | (1) | (73) | (74) | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.535 | Semi-Annual | 10/15/2031 | 600 | (1) | (72) | (73) | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.545 | Semi-Annual | 10/26/2031 | 400 | (1) | (49) | (50) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.750 | Semi-Annual | 12/15/2031 | 7000 | (143) | 903 | 760 | 0 | (7) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2031 | 24620 | (294) | 173 | (121) | 0 | (28) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.735 | Semi-Annual | 01/12/2032 | 400 | (1) | (47) | (48) | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.655 | Semi-Annual | 01/24/2032 | 500 | (1) | (61) | (62) | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.768 | Semi-Annual | 02/02/2032 | 400 | (1) | (46) | (47) | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 2.000 | Semi-Annual | 02/18/2032 | 900 | (6) | (89) | (95) | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.730 | Annual | 02/24/2032 | 700 | (3) | (70) | (73) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 03/19/2032 | 10100 | 393 | (166) | 227 | 0 | (11) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.817 | Annual | 04/05/2032 | 2400 | (12) | (283) | (295) | 2 | 0 |

---

------

<br> Schedule of Investments PIMCO Income Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.872 | Annual | 04/06/2032 | 1200 | (6) | (138) | (144) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 05/15/2032 | 15070 | (15) | (29) | (44) | 0 | (18) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.385 | Annual | 06/08/2032 | 300 | 3 | 23 | 26 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.250 | Annual | 06/15/2032 | 1980 | 75 | 237 | 312 | 0 | (2) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.250 | Annual | 06/15/2032 | 2170 | (188) | (154) | (342) | 2 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.750 | Annual | 06/15/2032 | 4010 | (173) | (331) | (504) | 4 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.750 | Annual | 06/15/2032 | 2108 | 176 | 90 | 266 | 0 | (2) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/18/2032 | 1410 | 18 | 25 | 43 | 0 | (2) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 09/17/2032 | 15050 | (230) | 196 | (34) | 0 | (18) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2032 | 13520 | (231) | 196 | (35) | 0 | (16) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.000 | Annual | 12/21/2032 | 11180 | 1312 | (120) | 1192 | 0 | (12) |
| Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.564 | Annual | 01/31/2033 | 330 | 0 | 3 | 3 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.400 | Annual | 02/23/2033 | 400 | (2) | (6) | (8) | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.430 | Annual | 02/27/2033 | 500 | (2) | (7) | (9) | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.370 | Annual | 03/01/2033 | 400 | (2) | (7) | (9) | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.405 | Annual | 03/01/2033 | 500 | (2) | (8) | (10) | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.425 | Annual | 03/01/2033 | 500 | (2) | (7) | (9) | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.300 | Annual | 03/06/2033 | 500 | (2) | (11) | (13) | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.450 | Annual | 03/07/2033 | 1000 | (4) | (12) | (16) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 03/18/2033 | 18407 | (264) | 232 | (32) | 0 | (22) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 05/22/2033 | 45500 | 440 | 456 | 896 | 0 | (51) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.420 | Annual | 05/24/2033 | 600 | (2) | (13) | (15) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.700 | Annual | 06/06/2033 | 19440 | (70) | 172 | 102 | 0 | (22) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.300 | Annual | 06/14/2033 | 1300 | (6) | (38) | (44) | 1 | 0 |
| Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 06/17/2033 | 890 | 16 | (3) | 13 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.000 | Annual | 06/21/2033 | 3995 | 60 | 160 | 220 | 0 | (5) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 06/21/2033 | 900 | (4) | (13) | (17) | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.650 | Annual | 07/10/2033 | 400 | (1) | (2) | (3) | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 07/12/2033 | 400 | (1) | 0 | (1) | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.735 | Annual | 08/07/2033 | 200 | (1) | 1 | 0 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.900 | Annual | 08/30/2033 | 1000 | (3) | 13 | 10 | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.950 | Annual | 09/13/2033 | 800 | (3) | 14 | 11 | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.165 | Annual | 09/27/2033 | 800 | (3) | 26 | 23 | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.155 | Annual | 10/02/2033 | 600 | (2) | 19 | 17 | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.030 | Annual | 10/04/2033 | 800 | (3) | 18 | 15 | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.175 | Annual | 10/10/2033 | 400 | (1) | 13 | 12 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.150 | Annual | 10/12/2033 | 400 | (2) | 13 | 11 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.200 | Annual | 10/18/2033 | 300 | (1) | 10 | 9 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.220 | Annual | 10/20/2033 | 400 | (1) | 14 | 13 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.230 | Annual | 10/23/2033 | 200 | (1) | 8 | 7 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.255 | Annual | 10/23/2033 | 200 | (1) | 8 | 7 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.393 | Annual | 10/25/2033 | 200 | (1) | 10 | 9 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.435 | Annual | 11/01/2033 | 200 | (1) | 11 | 10 | 0 | 0 |

---

------

<br> Schedule of Investments PIMCO Income Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.450 | Annual | 11/01/2033 | 400 | (2) | 22 | 20 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.250 | Annual | 11/22/2033 | 400 | (2) | (12) | (14) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.030 | Annual | 12/15/2033 | 400 | (2) | (6) | (8) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.950 | Annual | 12/19/2033 | 400 | (2) | (3) | (5) | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 12/20/2033 | 1560 | (76) | 48 | (28) | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.854 | Annual | 12/29/2033 | 400 | (2) | (1) | (3) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 01/02/2034 | 200 | (1) | 1 | 0 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.810 | Annual | 01/02/2034 | 200 | (1) | 0 | (1) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.684 | Annual | 01/03/2034 | 200 | (1) | 2 | 1 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.648 | Annual | 01/08/2034 | 400 | (2) | 5 | 3 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.670 | Annual | 01/08/2034 | 400 | (2) | 4 | 2 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.594 | Annual | 01/09/2034 | 400 | 0 | 5 | 5 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.600 | Annual | 01/17/2034 | 200 | (1) | 3 | 2 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.735 | Annual | 01/23/2034 | 200 | (1) | 1 | 0 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.738 | Annual | 01/23/2034 | 100 | 0 | 0 | 0 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.665 | Annual | 01/24/2034 | 400 | (2) | (1) | (3) | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.685 | Annual | 01/24/2034 | 400 | (2) | 0 | (2) | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.725 | Annual | 02/07/2034 | 200 | (1) | 0 | (1) | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.860 | Annual | 02/21/2034 | 800 | (4) | 9 | 5 | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.650 | Annual | 03/05/2034 | 400 | (2) | (1) | (3) | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.710 | Annual | 03/05/2034 | 400 | (1) | (1) | (2) | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.900 | Annual | 04/10/2034 | 400 | (1) | 4 | 3 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.900 | Annual | 04/15/2034 | 200 | (1) | 2 | 1 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.080 | Annual | 04/17/2034 | 400 | (1) | 9 | 8 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.085 | Annual | 04/22/2034 | 400 | (2) | 10 | 8 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.150 | Annual | 04/22/2034 | 400 | (1) | 11 | 10 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.105 | Annual | 04/24/2034 | 700 | (2) | 18 | 16 | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.078 | Annual | 04/29/2034 | 400 | (1) | 9 | 8 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.090 | Annual | 04/30/2034 | 1300 | (4) | 32 | 28 | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.130 | Annual | 05/03/2034 | 400 | (1) | 11 | 10 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.200 | Annual | 05/06/2034 | 700 | (2) | 23 | 21 | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 06/20/2034 | 3290 | (92) | 75 | (17) | 4 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.994 | Annual | 07/02/2034 | 700 | (2) | (8) | (10) | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.060 | Annual | 07/02/2034 | 400 | (1) | (7) | (8) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.880 | Annual | 07/10/2034 | 900 | (3) | (2) | (5) | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.885 | Annual | 07/12/2034 | 700 | (2) | (2) | (4) | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.850 | Annual | 08/05/2034 | 500 | (2) | 0 | (2) | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.795 | Annual | 08/06/2034 | 500 | (2) | 2 | 0 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.645 | Annual | 08/07/2034 | 500 | (2) | 8 | 6 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.715 | Annual | 08/07/2034 | 500 | (2) | 6 | 4 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.679 | Annual | 08/13/2034 | 500 | (2) | 7 | 5 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.569 | Annual | 08/14/2034 | 500 | (2) | 11 | 9 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.586 | Annual | 08/19/2034 | 700 | (2) | 14 | 12 | 0 | (1) |

---

------

<br> Schedule of Investments PIMCO Income Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.595 | Annual | 08/19/2034 | 300 | (1) | 6 | 5 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.532 | Annual | 08/20/2034 | 500 | (2) | 13 | 11 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.550 | Annual | 08/21/2034 | 700 | (2) | 16 | 14 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.558 | Annual | 08/21/2034 | 500 | (2) | 12 | 10 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.613 | Annual | 08/22/2034 | 500 | (2) | 10 | 8 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.555 | Annual | 08/28/2034 | 500 | (2) | 12 | 10 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.565 | Annual | 08/28/2034 | 500 | (2) | 11 | 9 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.599 | Annual | 08/28/2034 | 500 | (2) | 10 | 8 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.600 | Annual | 08/28/2034 | 1000 | (4) | 20 | 16 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.605 | Annual | 08/28/2034 | 300 | (1) | 6 | 5 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.611 | Annual | 08/28/2034 | 1100 | (4) | 21 | 17 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.643 | Annual | 08/28/2034 | 500 | (2) | 8 | 6 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.514 | Annual | 09/04/2034 | 1000 | (4) | 27 | 23 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.408 | Annual | 09/05/2034 | 200 | (1) | 7 | 6 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.410 | Annual | 09/05/2034 | 500 | (2) | 17 | 15 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.232 | Annual | 09/10/2034 | 250 | (1) | 12 | 11 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.280 | Annual | 09/16/2034 | 800 | (3) | 36 | 33 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.231 | Annual | 09/18/2034 | 500 | (2) | 24 | 22 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.248 | Annual | 09/18/2034 | 500 | (2) | 24 | 22 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.450 | Annual | 10/11/2034 | 500 | (2) | (12) | (14) | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.375 | Annual | 10/15/2034 | 500 | (2) | (15) | (17) | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.395 | Annual | 10/17/2034 | 500 | (2) | (14) | (16) | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.446 | Annual | 10/23/2034 | 500 | (1) | (13) | (14) | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.463 | Annual | 10/23/2034 | 500 | (1) | (12) | (13) | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.481 | Annual | 10/29/2034 | 500 | (2) | (10) | (12) | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.465 | Annual | 10/30/2034 | 1100 | (4) | (25) | (29) | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.485 | Annual | 10/30/2034 | 900 | (3) | (19) | (22) | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.455 | Annual | 11/01/2034 | 900 | (3) | (21) | (24) | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.470 | Annual | 11/01/2034 | 900 | (3) | (20) | (23) | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.435 | Annual | 11/05/2034 | 900 | (3) | (22) | (25) | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.515 | Annual | 11/06/2034 | 3100 | (11) | (58) | (69) | 3 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.535 | Annual | 11/06/2034 | 1800 | (6) | (31) | (37) | 2 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.860 | Annual | 11/14/2034 | 600 | (2) | 5 | 3 | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.793 | Annual | 11/19/2034 | 900 | (4) | 3 | (1) | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.855 | Annual | 11/19/2034 | 300 | (1) | 2 | 1 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2034 | 210 | 5 | (6) | (1) | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.840 | Annual | 01/08/2035 | 600 | (2) | 4 | 2 | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.890 | Annual | 01/08/2035 | 300 | (1) | 3 | 2 | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.900 | Annual | 01/08/2035 | 600 | (2) | 6 | 4 | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.880 | Annual | 01/13/2035 | 900 | (2) | 7 | 5 | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.013 | Annual | 01/15/2035 | 900 | (2) | 16 | 14 | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.071 | Annual | 01/15/2035 | 600 | (2) | 14 | 12 | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.100 | Annual | 01/21/2035 | 300 | (1) | 8 | 7 | 0 | 0 |

---

------

<br> Schedule of Investments PIMCO Income Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Pay | 1-Day USD-SOFR Compounded-OIS | 4.090 | Annual | 01/22/2035 | 600 | (2) | 15 | 13 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.890 | Annual | 03/03/2035 | 300 | (1) | (1) | (2) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.908 | Annual | 03/04/2035 | 600 | (2) | (2) | (4) | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.870 | Annual | 03/05/2035 | 300 | (1) | 0 | (1) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.874 | Annual | 03/05/2035 | 600 | (2) | (1) | (3) | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.905 | Annual | 03/12/2035 | 600 | (2) | (2) | (4) | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.975 | Annual | 03/21/2035 | 1000 | (3) | (9) | (12) | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.930 | Annual | 03/24/2035 | 1200 | (4) | (6) | (10) | 0 | (1) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 05/07/2035 | 1200 | (6) | (5) | (11) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/18/2035 | 900 | 23 | 24 | 47 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.551 | Annual | 09/17/2035 | 600 | (2) | 17 | 15 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 09/17/2035 | 3400 | (29) | 57 | 28 | 0 | (3) |
| Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.712 | Annual | 11/15/2035 | 450 | 0 | 5 | 5 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2035 | 1020 | (16) | 24 | 8 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.679 | Annual | 02/15/2036 | 390 | 0 | 6 | 6 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.755 | Annual | 02/15/2036 | 870 | 0 | 8 | 8 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.066 | Annual | 02/15/2046 | 180 | 0 | 2 | 2 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.076 | Annual | 02/15/2046 | 360 | 0 | 4 | 4 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.910 | Semi-Annual | 10/17/2049 | 300 | (65) | 180 | 115 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.895 | Semi-Annual | 10/18/2049 | 300 | (64) | 180 | 116 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.368 | Annual | 11/15/2049 | 270 | 0 | 34 | 34 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.464 | Annual | 11/15/2049 | 270 | 0 | 30 | 30 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.527 | Annual | 11/15/2049 | 140 | 0 | 14 | 14 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.250 | Semi-Annual | 12/11/2049 | 2200 | (658) | 1384 | 726 | 5 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.625 | Semi-Annual | 02/03/2050 | 3000 | (443) | 1745 | 1302 | 7 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.875 | Semi-Annual | 02/07/2050 | 1200 | (251) | 726 | 475 | 3 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.250 | Semi-Annual | 03/12/2050 | 900 | (274) | 578 | 304 | 2 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.491 | Semi-Annual | 01/21/2051 | 400 | (4) | (182) | (186) | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.250 | Semi-Annual | 06/16/2051 | 2000 | 373 | 625 | 998 | 6 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.785 | Semi-Annual | 08/12/2051 | 500 | (7) | 218 | 211 | 1 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 2.000 | Semi-Annual | 12/15/2051 | 4000 | 76 | (1608) | (1532) | 0 | (12) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.815 | Semi-Annual | 01/24/2052 | 100 | (1) | (41) | (42) | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1.867 | Semi-Annual | 01/26/2052 | 100 | (1) | (40) | (41) | 0 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.080 | Annual | 02/23/2053 | 200 | (2) | (33) | (35) | 0 | (1) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.370 | Annual | 07/12/2053 | 300 | (2) | (38) | (40) | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.300 | Annual | 11/15/2053 | 390 | (4) | 60 | 56 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.975 | Annual | 11/15/2053 | 1000 | 21 | 10 | 31 | 3 | 0 |
| Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.998 | Annual | 11/15/2053 | 110 | 0 | 3 | 3 | 0 | 0 |
| Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 4.010 | Annual | 11/15/2053 | 110 | 0 | 3 | 3 | 0 | 0 |
| Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 4.015 | Annual | 11/15/2053 | 110 | 0 | 3 | 3 | 0 | 0 |
| Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 4.082 | Annual | 11/15/2053 | 100 | 0 | 1 | 1 | 0 | 0 |
| Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 4.083 | Annual | 11/15/2053 | 220 | 0 | 3 | 3 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.085 | Annual | 11/15/2053 | 3068 | 5 | 35 | 40 | 10 | 0 |

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------

<br> Schedule of Investments PIMCO Income Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.555 | Annual | 03/05/2054 |  | 200 | (2) | (18) | (20) | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 09/17/2055 |  | 3900 | 387 | 47 | 434 | 15 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.052 | Annual | 02/15/2056 |  | 180 | 0 | 3 | 3 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.059 | Annual | 02/15/2056 |  | 180 | 0 | 2 | 2 | 1 | 0 |
| Pay | 1-Year BRL-CDI | 9.998 | Maturity | 01/04/2027 | BRL | 4400 | 0 | (75) | (75) | 1 | 0 |
| Pay | 1-Year BRL-CDI | 10.037 | Maturity | 01/04/2027 |  | 1100 | 0 | (19) | (19) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 10.041 | Maturity | 01/04/2027 |  | 4600 | 0 | (78) | (78) | 1 | 0 |
| Pay | 1-Year BRL-CDI | 10.072 | Maturity | 01/04/2027 |  | 3270 | 0 | (47) | (47) | 1 | 0 |
| Pay | 1-Year BRL-CDI | 10.090 | Maturity | 01/04/2027 |  | 8600 | 0 | (144) | (144) | 2 | 0 |
| Pay | 1-Year BRL-CDI | 10.098 | Maturity | 01/04/2027 |  | 9900 | 0 | (142) | (142) | 3 | 0 |
| Pay | 1-Year BRL-CDI | 10.138 | Maturity | 01/04/2027 |  | 2100 | 0 | (35) | (35) | 1 | 0 |
| Pay | 1-Year BRL-CDI | 10.165 | Maturity | 01/04/2027 |  | 5020 | 0 | (70) | (70) | 1 | 0 |
| Pay | 1-Year BRL-CDI | 10.170 | Maturity | 01/04/2027 |  | 8380 | 0 | (117) | (117) | 2 | 0 |
| Pay | 1-Year BRL-CDI | 10.183 | Maturity | 01/04/2027 |  | 15050 | 0 | (210) | (210) | 4 | 0 |
| Pay | 1-Year BRL-CDI | 10.203 | Maturity | 01/04/2027 |  | 11730 | 0 | (163) | (163) | 3 | 0 |
| Pay | 1-Year BRL-CDI | 10.210 | Maturity | 01/04/2027 |  | 1690 | 0 | (23) | (23) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 10.256 | Maturity | 01/04/2027 |  | 11720 | 0 | (159) | (159) | 3 | 0 |
| Pay | 1-Year BRL-CDI | 10.328 | Maturity | 01/04/2027 |  | 9670 | 0 | (128) | (128) | 3 | 0 |
| Pay | 1-Year BRL-CDI | 11.250 | Maturity | 01/04/2027 |  | 800 | 0 | (12) | (12) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 11.275 | Maturity | 01/04/2027 |  | 400 | 0 | (6) | (6) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 11.290 | Maturity | 01/04/2027 |  | 400 | 0 | (6) | (6) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 11.731 | Maturity | 01/04/2027 |  | 200 | 0 | (2) | (2) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 11.746 | Maturity | 01/04/2027 |  | 900 | 0 | (10) | (10) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 11.901 | Maturity | 01/04/2027 |  | 2200 | 0 | (21) | (21) | 1 | 0 |
| Pay | 1-Year BRL-CDI | 13.927 | Maturity | 01/04/2027 |  | 16300 | 1 | (30) | (29) | 0 | (1) |
| Pay | 1-Year BRL-CDI | 14.009 | Maturity | 01/04/2027 |  | 11800 | 0 | (14) | (14) | 3 | 0 |
| Pay | 1-Year BRL-CDI | 13.291 | Maturity | 01/02/2029 |  | 10700 | (1) | (49) | (50) | 0 | (6) |
| Pay | 1-Year BRL-CDI | 13.354 | Maturity | 01/02/2029 |  | 21400 | 2 | (59) | (57) | 25 | 0 |
| Pay | 1-Year BRL-CDI | 12.800 | Maturity | 01/02/2031 |  | 36600 | (3) | (170) | (173) | 49 | 0 |
| Pay | 1-Year BRL-CDI | 12.841 | Maturity | 01/02/2031 |  | 13300 | 0 | (60) | (60) | 18 | 0 |
| Pay | 1-Year BRL-CDI | 13.245 | Maturity | 01/02/2031 |  | 600 | 0 | (2) | (2) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 13.255 | Maturity | 01/02/2031 |  | 4900 | (1) | (16) | (17) | 0 | (1) |
| Pay | 1-Year BRL-CDI | 13.350 | Maturity | 01/02/2031 |  | 1400 | 0 | (2) | (2) | 2 | 0 |
| Pay | 1-Year BRL-CDI | 13.435 | Maturity | 01/02/2031 |  | 450 | 0 | (1) | (1) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 13.440 | Maturity | 01/02/2031 |  | 450 | 0 | (1) | (1) | 0 | 0 |
| Pay | 1-Year BRL-CDI | 13.520 | Maturity | 01/02/2031 |  | 4300 | 0 | (3) | (3) | 6 | 0 |
| Pay | 1-Year BRL-CDI | 13.560 | Maturity | 01/02/2031 |  | 2200 | 0 | (2) | (2) | 3 | 0 |
| Pay | 1-Year BRL-CDI | 13.670 | Maturity | 01/02/2031 |  | 500 | 0 | 0 | 0 | 1 | 0 |
| Pay | 1-Year BRL-CDI | 13.681 | Maturity | 01/02/2031 |  | 9000 | (5) | 7 | 2 | 13 | 0 |
| Pay | 1-Year BRL-CDI | 13.694 | Maturity | 01/02/2031 |  | 5000 | 0 | 1 | 1 | 7 | 0 |
| Pay | 1-Year BRL-CDI | 13.698 | Maturity | 01/02/2031 |  | 2000 | 0 | 0 | 0 | 3 | 0 |
| Pay | 1-Year BRL-CDI | 13.725 | Maturity | 01/02/2031 |  | 300 | 0 | 0 | 0 | 1 | 0 |
| Pay | 1-Year BRL-CDI | 13.899 | Maturity | 01/02/2031 |  | 5700 | 0 | 6 | 6 | 8 | 0 |
| Pay | 3-Month NZD-BBR | 4.750 | Semi-Annual | 06/19/2029 | NZD | 3800 | 23 | 69 | 92 | 4 | 0 |
| Pay | 3-Month ZAR-JIBAR | 6.770 | Quarterly | 03/10/2028 | ZAR | 3900 | 0 | (2) | (2) | 1 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.410 | Quarterly | 07/31/2028 |  | 7100 | 0 | 10 | 10 | 2 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.415 | Quarterly | 07/31/2028 |  | 1900 | 0 | 3 | 3 | 0 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.420 | Quarterly | 07/31/2028 |  | 7100 | 0 | 11 | 11 | 2 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.426 | Quarterly | 08/01/2028 |  | 2800 | 0 | 4 | 4 | 1 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.460 | Quarterly | 08/01/2028 |  | 4800 | 0 | 7 | 7 | 1 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.460 | Quarterly | 08/02/2028 |  | 4900 | 0 | 8 | 8 | 1 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.550 | Quarterly | 08/03/2028 |  | 5600 | 0 | 9 | 9 | 1 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.380 | Quarterly | 08/04/2028 |  | 10000 | 0 | 14 | 14 | 2 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.415 | Quarterly | 08/04/2028 |  | 2500 | 0 | 4 | 4 | 1 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.421 | Quarterly | 08/04/2028 |  | 3500 | 0 | 5 | 5 | 1 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.543 | Quarterly | 08/04/2028 |  | 2600 | 0 | 4 | 4 | 1 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.360 | Quarterly | 08/07/2028 |  | 10600 | 0 | 15 | 15 | 2 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.410 | Quarterly | 08/07/2028 |  | 1500 | 0 | 2 | 2 | 0 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.000 | Quarterly | 01/03/2031 |  | 2700 | 0 | 3 | 3 | 1 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.001 | Quarterly | 01/06/2031 |  | 2700 | 0 | 3 | 3 | 1 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.010 | Quarterly | 01/07/2031 |  | 2700 | 0 | 3 | 3 | 1 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.030 | Quarterly | 01/07/2031 |  | 2700 | 0 | 3 | 3 | 1 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.053 | Quarterly | 01/07/2031 |  | 2700 | 0 | 3 | 3 | 1 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.058 | Quarterly | 01/07/2031 |  | 2700 | 0 | 3 | 3 | 1 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.063 | Quarterly | 01/08/2031 |  | 2600 | 0 | 3 | 3 | 1 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.080 | Quarterly | 01/08/2031 |  | 9100 | 0 | 11 | 11 | 4 | 0 |
| Pay | 3-Month ZAR-JIBAR | 8.203 | Quarterly | 01/10/2031 |  | 2600 | 0 | 4 | 4 | 1 | 0 |
| Pay | 6-Month AUD-BBR-BBSW | 2.750 | Semi-Annual | 06/17/2026 | AUD | 13870 | 1320 | (1383) | (63) | 0 | 0 |
| Pay | 6-Month AUD-BBR-BBSW | 3.000 | Semi-Annual | 03/21/2027 |  | 1090 | 126 | (140) | (14) | 0 | 0 |
| Pay | 6-Month AUD-BBR-BBSW | 4.000 | Semi-Annual | 09/18/2029 |  | 17700 | 183 | (533) | (350) | 76 | 0 |
| Pay | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | 09/20/2033 |  | 4200 | (7) | (81) | (88) | 31 | 0 |
| Pay | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | 03/20/2034 |  | 5300 | (20) | (101) | (121) | 42 | 0 |
| Pay | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | 09/18/2034 |  | 2100 | 28 | (80) | (52) | 17 | 0 |
| Pay | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | 06/18/2035 |  | 29550 | 395 | (1165) | (770) | 258 | 0 |

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<br> Schedule of Investments PIMCO Income Portfolio (Cont.) March 31, 2026 (Unaudited)

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| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Pay | Pay | 6-Month CLP-CHILIBOR | 4.000 | Semi-Annual | 09/17/2030 | 14200 |  | 146 |  | (495) |  | (349) |  | 75 |  | 0 |
| Pay | Pay | 6-Month CZK-PRIBOR | 4.480 | Annual | 03/11/2036 | 900 |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 3.450 | Annual | 10/20/2028 | 500 |  | (1) |  | 13 |  | 12 |  | 1 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 2.770 | Annual | 04/16/2029 | 500 |  | (1) |  | 9 |  | 8 |  | 1 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 2.780 | Annual | 05/02/2029 | 500 |  | (1) |  | 9 |  | 8 |  | 1 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 2.827 | Annual | 05/06/2029 | 500 |  | (1) |  | 10 |  | 9 |  | 1 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 2.950 | Annual | 06/12/2029 | 400 |  | (1) |  | 10 |  | 9 |  | 1 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 2.650 | Annual | 08/14/2029 | 400 |  | (1) |  | (3) |  | (4) |  | 0 |  | (1) |
| Receive | Receive | 6-Month EUR-EURIBOR | 2.300 | Annual | 09/25/2029 | 500 |  | (1) |  | 5 |  | 4 |  | 0 |  | (2) |
| Receive | Receive | 6-Month EUR-EURIBOR | 2.360 | Annual | 10/07/2029 | 500 |  | (1) |  | 10 |  | 9 |  | 0 |  | (2) |
| Receive | Receive | 6-Month EUR-EURIBOR | 2.400 | Annual | 04/09/2030 | 600 |  | (1) |  | 4 |  | 3 |  | 0 |  | (2) |
| Pay<sup>(5)</sup> | Pay<sup>(5)</sup> | 6-Month EUR-EURIBOR | 2.500 | Annual | 09/16/2031 | 42500 |  | 11 |  | (1010) |  | (999) |  | 213 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 2.000 | Annual | 09/21/2032 | 1920 |  | (4) |  | (95) |  | (99) |  | 11 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 3.270 | Annual | 08/21/2033 | 300 |  | (1) |  | 14 |  | 13 |  | 2 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 3.300 | Annual | 10/03/2033 | 800 |  | (3) |  | 28 |  | 25 |  | 6 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 2.760 | Annual | 03/04/2034 | 300 |  | (1) |  | (4) |  | (5) |  | 2 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 2.750 | Annual | 03/05/2034 | 300 |  | (1) |  | (4) |  | (5) |  | 2 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 2.590 | Annual | 08/19/2034 | 300 |  | (1) |  | 7 |  | 6 |  | 0 |  | (2) |
| Receive | Receive | 6-Month EUR-EURIBOR | 2.580 | Annual | 08/29/2034 | 300 |  | (1) |  | 7 |  | 6 |  | 0 |  | (2) |
| Pay | Pay | 6-Month EUR-EURIBOR | 2.410 | Annual | 11/05/2034 | 1000 |  | (3) |  | (49) |  | (52) |  | 8 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 2.420 | Annual | 03/07/2035 | 300 |  | (1) |  | (15) |  | (16) |  | 2 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 2.610 | Annual | 03/24/2035 | 300 |  | (1) |  | (10) |  | (11) |  | 2 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 2.520 | Annual | 03/27/2035 | 300 |  | (1) |  | (13) |  | (14) |  | 2 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 2.460 | Annual | 04/01/2035 | 400 |  | (1) |  | (14) |  | (15) |  | 3 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 2.510 | Annual | 04/09/2035 | 300 |  | (1) |  | 10 |  | 9 |  | 0 |  | (2) |
| Receive | Receive | 6-Month EUR-EURIBOR | 2.520 | Annual | 04/09/2035 | 300 |  | (1) |  | 10 |  | 9 |  | 0 |  | (2) |
| Pay<sup>(5)</sup> | Pay<sup>(5)</sup> | 6-Month EUR-EURIBOR | 2.750 | Annual | 09/16/2036 | 2210 |  | (37) |  | (43) |  | (80) |  | 20 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 0.250 | Annual | 03/18/2050 | 200 |  | (13) |  | 127 |  | 114 |  | 0 |  | (1) |
| Receive | Receive | 6-Month EUR-EURIBOR | 0.500 | Annual | 06/17/2050 | 400 |  | (63) |  | 274 |  | 211 |  | 0 |  | (2) |
| Receive<sup>(5)</sup> | Receive<sup>(5)</sup> | 6-Month EUR-EURIBOR | 0.830 | Annual | 12/09/2052 | 12500 |  | 132 |  | 1412 |  | 1544 |  | 15 |  | 0 |
| Receive<sup>(5)</sup> | Receive<sup>(5)</sup> | 6-Month EUR-EURIBOR | 3.000 | Annual | 09/16/2056 | 10780 |  | 206 |  | 66 |  | 272 |  | 0 |  | (120) |
| Pay | Pay | 28-Day MXN-TIIE | 8.990 | Lunar | 12/18/2029 | 4600 |  | 0 |  | 9 |  | 9 |  | 1 |  | 0 |
| Pay | Pay | 28-Day MXN-TIIE | 9.135 | Lunar | 12/27/2029 | 5600 |  | 0 |  | 12 |  | 12 |  | 1 |  | 0 |
| Pay | Pay | 28-Day MXN-TIIE | 9.150 | Lunar | 12/31/2029 | 8000 |  | 0 |  | 18 |  | 18 |  | 2 |  | 0 |
| Pay | Pay | 28-Day MXN-TIIE | 9.108 | Lunar | 03/13/2030 | 21100 |  | 0 |  | 45 |  | 45 |  | 4 |  | 0 |
| Pay | Pay | CDX.IG-46 5-Year Index | 1.000 | Quarterly | 06/20/2031 | $7900 |  | 134 |  | 5 |  | 139 |  | 17 |  | 0 |
| Pay | Pay | UKRPI | 4.000 | Maturity | 09/15/2031 | 300 |  | 0 |  | (53) |  | (53) |  | 0 |  | (3) |
| Pay | Pay | UKRPI | 4.055 | Maturity | 09/15/2031 | 400 |  | 2 |  | (69) |  | (67) |  | 0 |  | (4) |
| Pay | Pay | UKRPI | 4.066 | Maturity | 09/15/2031 | 700 |  | (9) |  | (107) |  | (116) |  | 0 |  | (6) |
| Pay | Pay | UKRPI | 4.020 | Maturity | 10/15/2031 | 400 |  | (2) |  | (66) |  | (68) |  | 0 |  | (3) |
| Pay | Pay | UKRPI | 4.140 | Maturity | 10/15/2031 | 1000 |  | (3) |  | (148) |  | (151) |  | 0 |  | (9) |
| Pay | Pay | UKRPI | 4.400 | Maturity | 10/15/2031 | 500 |  | 4 |  | (60) |  | (56) |  | 0 |  | (4) |
| Pay | Pay | UKRPI | 4.250 | Maturity | 11/15/2031 | 900 |  | (8) |  | (106) |  | (114) |  | 0 |  | (6) |
|  |  |  |  |  |  |  | $2467 | 2467 | $4632 | 4632 | $7099 | 7099 | $1321 | 1321 | $(837) | (837) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | $**4122** | **4122** | $**4325** | **4325** | $**8447** | **8447** | $**1535** | **1535** | $**(838)** | **(838)** |
| **(l)** | **Securities with an aggregate market value of $11,543 and cash of $11,999 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 $11,543 and cash of $11,999 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 $11,543 and cash of $11,999 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 $11,543 and cash of $11,999 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 $11,543 and cash of $11,999 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 $11,543 and cash of $11,999 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 $11,543 and cash of $11,999 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 $11,543 and cash of $11,999 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 $11,543 and cash of $11,999 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 $11,543 and cash of $11,999 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 $11,543 and cash of $11,999 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 $11,543 and cash of $11,999 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 $11,543 and cash of $11,999 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 $11,543 and cash of $11,999 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 $11,543 and cash of $11,999 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 $11,543 and cash of $11,999 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. |

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<br> Schedule of Investments PIMCO Income Portfolio (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 or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(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. |
| **(m)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **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  | 10775 | $7866 | 7866 | $120 | $0 |
|  |  | 04/2026  | 11 | 9 | 9 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | 04/2026  | 2000 | 383 | 383 | 0 | (3) |
|  |  | 04/2026  | 2400 | 348 | 348 | 0 | (1) |
|  |  | 04/2026  | 7750 | 9027 | 9027 | 69 | 0 |
|  |  | 04/2026  | 87851 | 936 | 936 | 8 | 0 |
|  |  | 04/2026  | 130691 | 819 | 819 | 0 | (4) |
|  |  | 04/2026  | 262484 | 179 | 179 | 5 | 0 |
|  |  | 04/2026  | 3764 | 2243 | 2243 | 80 | 0 |
|  |  | 04/2026  | 1901 | 514 | 514 | 2 | 0 |
|  |  | 04/2026  | $381 | 2000 | 2000 | 5 | 0 |
|  |  | 04/2026  | 120 | 827 | 827 | 0 | 0 |
|  |  | 04/2026  | 66389 | 57765 | 57765 | 378 | 0 |
|  |  | 04/2026  | 2649 | 1980 | 1980 | 0 | (28) |
|  |  | 04/2026  | 471 | 1453 | 1453 | 0 | (9) |
|  |  | 04/2026  | 936 | 88008 | 88008 | 1 | 0 |
|  |  | 04/2026  | 2 | 295 | 295 | 0 | 0 |
|  |  | 04/2026  | 138 | 2551 | 2551 | 4 | 0 |
|  |  | 05/2026  | 57765 | $66492 | 66492 | 0 | (377) |
|  |  | 05/2026  | $819 | 130298 | 130298 | 4 | 0 |
|  |  | 06/2026  | 4226 | $1369 | 1369 | 22 | 0 |
|  |  | 06/2026  | 12343 | 689 | 689 | 4 | 0 |
|  |  | 06/2026  | $31 | 167 | 167 | 0 | 0 |
|  |  | 06/2026  | 171 | 534 | 534 | 0 | (1) |
|  |  | 07/2026  | 1600 | $276 | 276 | 0 | (26) |
|  |  | 10/2026  | 2100 | 384 | 384 | 0 | (4) |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | 04/2026  | 24872 | 4658 | 4658 | 0 | (144) |
|  |  | 04/2026  | 497 | 367 | 367 | 9 | 0 |
|  |  | 04/2026  | 828 | 120 | 120 | 0 | 0 |
|  |  | 04/2026  | 49102 | 58053 | 58053 | 1298 | 0 |
|  |  | 04/2026  | 3346 | 1084 | 1084 | 19 | 0 |
|  |  | 04/2026  | 1300829 | 873 | 873 | 9 | (1) |
|  |  | 04/2026  | 721 | 194 | 194 | 0 | (1) |
|  |  | 04/2026  | 90223 | 2793 | 2793 | 55 | (1) |
|  |  | 04/2026  | $1062 | 1489 | 1489 | 0 | (35) |
|  |  | 04/2026  | 4737 | 24872 | 24872 | 64 | 0 |
|  |  | 04/2026  | 4204 | 71135272 | 71135272 | 0 | (14) |
|  |  | 04/2026  | 626 | 1983 | 1983 | 5 | 0 |
|  |  | 04/2026  | 296 | 27334 | 27334 | 0 | (7) |
|  |  | 04/2026  | 491 | 732993 | 732993 | 1 | (4) |
|  |  | 04/2026  | 1328 | 4789 | 4789 | 0 | (38) |
|  |  | 04/2026  | 1 | 35 | 35 | 0 | 0 |
|  |  | 04/2026  | 2178 | 69596 | 69596 | 0 | (6) |
|  |  | 04/2026  | 19629 | $1159 | 1159 | 1 | 0 |
|  |  | 05/2026  | 1981 | 626 | 626 | 0 | (5) |
|  |  | 05/2026  | 184032 | 1945 | 1945 | 0 | (8) |
|  |  | 05/2026  | 42148 | 1308 | 1308 | 0 | (6) |
|  |  | 05/2026  | $760 | 3989 | 3989 | 6 | 0 |
|  |  | 05/2026  | 974 | 16587481 | 16587481 | 2 | 0 |
|  |  | 05/2026  | 116 | 35 | 35 | 0 | (2) |
|  |  | 05/2026  | 192 | 6303 | 6303 | 0 | 0 |
|  |  | 06/2026  | 4052396 | $241 | 241 | 3 | 0 |
|  |  | 06/2026  | $797 | 4234 | 4234 | 10 | 0 |
|  |  | 06/2026  | 482 | 8129084 | 8129084 | 0 | (4) |
|  |  | 06/2026  | 84 | 26 | 26 | 0 | (1) |
|  |  | 06/2026  | 118 | 3776 | 3776 | 0 | 0 |
|  |  | 07/2026  | 32000 | $5627 | 5627 | 0 | (426) |
|  |  | 07/2026  | $1853 | 9954 | 9954 | 30 | 0 |
|  |  | 07/2026  | 52 | 16 | 16 | 0 | (1) |
|  |  | 10/2026  | 14600 | $2663 | 2663 | 0 | (39) |
|  |  | 06/2027  | $41 | 12 | 12 | 0 | (1) |
|  |  | 05/2029  | 174 | $600 | 600 | 29 | 0 |
|  |  | 07/2029  | 23 | 80 | 80 | 4 | 0 |
|  |  | 05/2030  | 130 | 447 | 447 | 20 | 0 |

---

------

<br> Schedule of Investments PIMCO Income Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 08/2030  | 39 | 133 | 3 | 0 |
|  | 01/2031  | 22 | 75 | 2 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | 04/2026  | 14 | 10 | 0 | 0 |
|  | 04/2026  | 180127 | 3916 | 0 | (59) |
|  | 04/2026  | $257 | 926 | 0 | (8) |
|  | 04/2026  | 1044 | 9476 | 0 | (43) |
|  | 04/2026  | 8195 | 372794 | 92 | 0 |
|  | 04/2026  | 2793 | 45707 | 0 | (96) |
|  | 05/2026  | 42169 | $904 | 0 | (6) |
|  | 05/2026  | $10 | 14 | 0 | 0 |
|  | 06/2026  | 876 | $285 | 6 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | 04/2026  | 29600 | 5516 | 0 | (198) |
|  | 04/2026  | 722372 | 4525 | 0 | (27) |
|  | 04/2026  | $5700 | 29600 | 15 | 0 |
|  | 04/2026  | 21090 | 15843 | 0 | (120) |
|  | 04/2026  | 7625 | 13208 | 0 | (35) |
|  | 04/2026  | 3158 | 11421 | 0 | (81) |
|  | 05/2026  | 15843 | $21089 | 120 | 0 |
|  | 05/2026  | 13208 | 7633 | 36 | 0 |
|  | 05/2026  | 1914 | 539 | 0 | (10) |
|  | 05/2026  | $4525 | 720195 | 27 | 0 |
|  | 07/2026  | 13000 | $2230 | 0 | (229) |
|  | 07/2026  | 11486 | 3409 | 127 | 0 |
|  | 10/2026  | 31600 | 5833 | 0 | (16) |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | 04/2026  | 827 | 120 | 0 | 0 |
|  | 04/2026  | 4551361 | 1196 | 0 | (42) |
|  | 04/2026  | 2638 | 3060 | 11 | 0 |
|  | 04/2026  | 1662 | 2223 | 23 | 0 |
|  | 04/2026  | 670486 | 7174 | 93 | 0 |
|  | 04/2026  | 995 | 102 | 0 | (1) |
|  | 04/2026  | 1880 | 202 | 3 | 0 |
|  | 04/2026  | 65 | 2 | 0 | 0 |
|  | 04/2026  | 3746 | 117 | 0 | 0 |
|  | 04/2026  | $367 | 2527 | 0 | 0 |
|  | 04/2026  | 1163 | 867 | 0 | (15) |
|  | 04/2026  | 17218 | 1587157 | 14 | (417) |
|  | 04/2026  | 1192 | $70 | 0 | 0 |
|  | 06/2026  | 8144406 | 2155 | 0 | (26) |
|  | 06/2026  | 804 | 261 | 5 | 0 |
|  | 06/2026  | $261 | 4379476 | 0 | (3) |
|  | 06/2026  | 1193 | 21093 | 0 | (23) |
|  | 08/2026  | 10199414 | $2683 | 0 | (9) |
|  | 09/2026  | 2931 | 848 | 12 | 0 |
|  | 09/2026  | $282 | 5038 | 0 | (5) |
|  | 11/2026  | 3481 | $1018 | 29 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | 04/2026  | 898 | 131 | 1 | 0 |
|  | 04/2026  | 6752 | 2181 | 33 | 0 |
|  | 04/2026  | 267493 | 2840 | 19 | (4) |
|  | 04/2026  | $5431 | 7917 | 31 | 0 |
|  | 04/2026  | 65 | 453 | 0 | 0 |
|  | 04/2026  | 3111 | 293216 | 21 | (15) |
|  | 04/2026  | 12357 | 15784 | 0 | (80) |
|  | 04/2026  | 853 | 27846 | 0 | (7) |
|  | 05/2026  | 7917 | $5429 | 0 | (31) |
|  | 05/2026  | 452 | 66 | 0 | 0 |
|  | 05/2026  | 15749 | 12357 | 79 | 0 |
|  | 06/2026  | 22744 | 44 | 0 | (2) |
|  | 06/2026  | 27789 | 853 | 5 | 0 |
|  | 06/2026  | 22631 | 711 | 7 | 0 |
|  | 07/2026  | 2123 | 628 | 21 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | 04/2026  | 11795 | 8376 | 238 | 0 |
|  | 04/2026  | 2156 | 2793 | 97 | 0 |
|  | 04/2026  | 17620 | 23811 | 490 | 0 |
|  | 04/2026  | 899419 | 5635 | 0 | (32) |
|  | 04/2026  | $2006 | 1599 | 0 | (7) |
|  | 04/2026  | 4059 | 634129 | 0 | (63) |
|  | 04/2026  | 286 | 1031 | 0 | (8) |
|  | 04/2026  | 67 | 85 | 0 | 0 |
|  | 05/2026  | 1593 | $2006 | 7 | 0 |
|  | 05/2026  | 3294 | 1041 | 0 | (8) |
|  | 05/2026  | 85 | 67 | 0 | 0 |
|  | 05/2026  | $5635 | 896702 | 32 | 0 |
|  | 06/2026  | 2922 | $948 | 17 | 0 |
|  | 06/2026  | 4992 | 1460 | 31 | 0 |
|  | 06/2026  | $1001 | 17447 | 0 | (34) |
|  | 09/2026  | 12106 | $3595 | 145 | 0 |
|  | 09/2026  | $229 | 4036 | 0 | (7) |
| &nbsp;&nbsp;&nbsp;&nbsp; GLM | 04/2026  | 140654 | $25860 | 0 | (1294) |
|  | 04/2026  | 3622 | 1165 | 13 | 0 |
|  | 04/2026  | 9071 | 99 | 4 | 0 |
|  | 04/2026  | 16410 | 34 | 0 | 0 |
|  | 04/2026  | 529 | 416 | 5 | 0 |
|  | 04/2026  | $26381 | 140654 | 773 | 0 |
|  | 04/2026  | 329 | 2257 | 0 | (1) |
|  | 04/2026  | 113 | 1903036 | 0 | (1) |
|  | 04/2026  | 305 | 28237 | 0 | (7) |

---

------

<br> Schedule of Investments PIMCO Income Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | 04/2026  | 1172 | 1172 | MXN | 21603 | 21603 |  | 33 |  | 0 |
|  |  | 04/2026  | 476 | 476 | THB | 15630 | 15630 |  | 0 |  | (2) |
|  |  | 06/2026  | 1 | 1 | $ | $0 | 0 |  | 0 |  | 0 |
|  |  | 06/2026  | 5708121 | 5708121 |  | 339 | 339 |  | 3 |  | 0 |
|  |  | 06/2026  | 2387 | 2387 |  | 134 | 134 |  | 2 |  | 0 |
|  |  | 06/2026  | 15603 | 15603 |  | 476 | 476 |  | 0 |  | 0 |
|  |  | 06/2026  | $94 | 94 | BRL | 500 | 500 |  | 1 |  | 0 |
|  |  | 06/2026  | 593 | 593 | IDR | 10043989 | 10043989 |  | 0 |  | (3) |
|  |  | 06/2026  | 2091 | 2091 | MXN | 36424 | 36424 |  | 0 |  | (71) |
|  |  | 07/2026  | 61500 | 61500 | $ | $10927 | 10927 |  | 0 |  | (706) |
|  |  | 07/2026  | $17037 | 17037 | BRL | 92227 | 92227 |  | 408 |  | 0 |
|  |  | 08/2026  | 47250 | 47250 | $ | $30 | 30 |  | 0 |  | (2) |
|  |  | 10/2026  | 13000 | 13000 |  | 2278 | 2278 |  | 0 |  | (128) |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp; JPM | 04/2026  | 15200 | 15200 |  | 2565 | 2565 |  | 0 |  | (370) |
|  |  | 04/2026  | 1588 | 1588 |  | 230 | 230 |  | 0 |  | (1) |
|  |  | 04/2026  | 139011 | 139011 |  | 1479 | 1479 |  | 10 |  | 0 |
|  |  | 04/2026  | 4130 | 4130 |  | 1125 | 1125 |  | 14 |  | (2) |
|  |  | 04/2026  | 15330 | 15330 |  | 12164 | 12164 |  | 241 |  | 0 |
|  |  | 04/2026  | $2890 | 2890 | BRL | 15200 | 15200 |  | 44 |  | 0 |
|  |  | 04/2026  | 69 | 69 | CNH | 477 | 477 |  | 0 |  | 0 |
|  |  | 04/2026  | 2025 | 2025 | EUR | 1725 | 1725 |  | 0 |  | (31) |
|  |  | 04/2026  | 1478 | 1478 | INR | 139249 | 139249 |  | 3 |  | 0 |
|  |  | 04/2026  | 6653 | 6653 | MXN | 119355 | 119355 |  | 12 |  | (13) |
|  |  | 04/2026  | 6956 | 6956 | ZAR | 116153 | 116153 |  | 0 |  | (101) |
|  |  | 04/2026  | 32879 | 32879 | $ | $1936 | 1936 |  | 3 |  | (7) |
|  |  | 05/2026  | 907 | 907 |  | 622 | 622 |  | 0 |  | (4) |
|  |  | 05/2026  | 476 | 476 |  | 69 | 69 |  | 0 |  | 0 |
|  |  | 06/2026  | 2042 | 2042 |  | 661 | 661 |  | 10 |  | 0 |
|  |  | 06/2026  | 14356 | 14356 |  | 800 | 800 |  | 4 |  | 0 |
|  |  | 06/2026  | $163 | 163 | ILS | 506 | 506 |  | 0 |  | (2) |
|  |  | 07/2026  | 30000 | 30000 | $ | $5343 | 5343 |  | 0 |  | (332) |
|  |  | 10/2026  | 4100 | 4100 |  | 747 | 747 |  | 0 |  | (12) |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | &nbsp;&nbsp;&nbsp;&nbsp; MBC | 04/2026  | 294 | 294 |  | 372 | 372 |  | 4 |  | 0 |
|  |  | 04/2026  | 812 | 812 |  | 1076 | 1076 |  | 2 |  | 0 |
|  |  | 04/2026  | 278024 | 278024 |  | 1739 | 1739 |  | 0 |  | (13) |
|  |  | 04/2026  | 1157500 | 1157500 |  | 791 | 791 |  | 21 |  | 0 |
|  |  | 04/2026  | 4310 | 4310 |  | 459 | 459 |  | 4 |  | 0 |
|  |  | 04/2026  | 29238 | 29238 |  | 918 | 918 |  | 31 |  | 0 |
|  |  | 04/2026  | $1656 | 1656 | AUD | 2389 | 2389 |  | 0 |  | (7) |
|  |  | 04/2026  | 1085 | 1085 | CHF | 850 | 850 |  | 0 |  | (22) |
|  |  | 04/2026  | 1875 | 1875 | GBP | 1404 | 1404 |  | 0 |  | (16) |
|  |  | 04/2026  | 5724 | 5724 | JPY | 894198 | 894198 |  | 1 |  | (91) |
|  |  | 04/2026  | 351 | 351 | MXN | 6475 | 6475 |  | 10 |  | 0 |
|  |  | 04/2026  | 102 | 102 | NOK | 994 | 994 |  | 1 |  | 0 |
|  |  | 05/2026  | 845 | 845 | $ | $1119 | 1119 |  | 0 |  | 0 |
|  |  | 05/2026  | 994 | 994 |  | 102 | 102 |  | 0 |  | (1) |
|  |  | 05/2026  | $647 | 647 | EUR | 563 | 563 |  | 5 |  | 0 |
|  |  | 05/2026  | 1739 | 1739 | JPY | 277184 | 277184 |  | 13 |  | 0 |
|  |  | 06/2026  | 1569 | 1569 | $ | $87 | 87 |  | 0 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MYI | &nbsp;&nbsp;&nbsp;&nbsp; MYI | 04/2026  | 390 | 390 |  | 110 | 110 |  | 5 |  | 0 |
|  |  | 04/2026  | $21 | 21 | JPY | 3265 | 3265 |  | 0 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; NGF | &nbsp;&nbsp;&nbsp;&nbsp; NGF | 04/2026  | 543 | 543 | TRY | 24960 | 24960 |  | 13 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | &nbsp;&nbsp;&nbsp;&nbsp; SCX | 04/2026  | 9444 | 9444 | $ | $5646 | 5646 |  | 219 |  | 0 |
|  |  | 04/2026  | 2372 | 2372 |  | 74 | 74 |  | 3 |  | 0 |
|  |  | 04/2026  | $8152 | 8152 | CAD | 11286 | 11286 |  | 0 |  | (38) |
|  |  | 04/2026  | 1745 | 1745 | INR | 158885 | 158885 |  | 0 |  | (67) |
|  |  | 04/2026  | 3197 | 3197 | JPY | 498717 | 498717 |  | 0 |  | (54) |
|  |  | 04/2026  | 429 | 429 | PLN | 1553 | 1553 |  | 0 |  | (11) |
|  |  | 05/2026  | 11271 | 11271 | $ | $8152 | 8152 |  | 38 |  | 0 |
|  |  | 06/2026  | $1245 | 1245 | IDR | 21020739 | 21020739 |  | 0 |  | (10) |
|  |  | 07/2026  | 2337142 | 2337142 | $ | $607 | 607 |  | 0 |  | (14) |
|  |  | 11/2026  | 32350 | 32350 |  | 20 | 20 |  | 0 |  | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | 04/2026  | 1861 | 1861 |  | 506 | 506 |  | 4 |  | 0 |
|  |  | 04/2026  | $674 | 674 | COP | 2504437 | 2504437 |  | 8 |  | 0 |
|  |  | 04/2026  | 2512 | 2512 | PLN | 9064 | 9064 |  | 0 |  | (70) |
|  |  | 05/2026  | 1862 | 1862 | $ | $40 | 40 |  | 0 |  | 0 |
|  |  | 06/2026  | 2541384 | 2541384 |  | 674 | 674 |  | 0 |  | (7) |
|  |  | 06/2026  | 3623 | 3623 |  | 1174 | 1174 |  | 19 |  | 0 |
|  |  | 06/2026  | 2002 | 2002 |  | 112 | 112 |  | 1 |  | 0 |
|  |  | 06/2026  | $1591 | 1591 | MXN | 27797 | 27797 |  | 0 |  | (50) |
| **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** | $**6144** | **$** | $**(6527)** | **(6527)** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** |
| Counterparty | Description | Description | Description |  |  | Strike<br>Price | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) |  | Market<br>Value |
| UAG | Call - OTC USD versus TRY  | Call - OTC USD versus TRY  | Call - OTC USD versus TRY  | TRY | TRY | 49.990 | 400 | 400 | (6) | $ | $(3) |

---

------

<br> Schedule of Investments PIMCO Income Portfolio (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** | **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 | Counterparty | Description | Floating Rate<br>Index | Floating Rate<br>Index | Floating Rate<br>Index | Floating Rate<br>Index | Pay/Receive<br>Floating Rate | Pay/Receive<br>Floating Rate | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Expiration<br>Date |  | Notional<br>Amount<sup>(1)</sup> |  | Premiums<br>(Received) | Premiums<br>(Received) | Premiums<br>(Received) | Market<br>Value | Market<br>Value | Market<br>Value |
| GLM | GLM | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | Receive | 3.600% | 3.600% | 3.600% | 04/16/2026 | 04/16/2026 |  | 1500 | $ | (4) | (4) | (4) | $(1) | (1) | (1) |
|  |  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | Pay | 3.900 | 3.900 | 3.900 | 04/16/2026 | 04/16/2026 |  | 1500 |  | (5) | (5) | (5) | (8) | (8) | (8) |
| MYC | MYC | Call - OTC 5-Year Interest Rate Swap  | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | Receive | Receive | Receive | 2.540 | 2.540 | 2.540 | 04/16/2026 | 04/16/2026 |  | 400 |  | (1) | (1) | (1) | 0 | 0 | 0 |
|  |  | Put - OTC 5-Year Interest Rate Swap  | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | Pay | Pay | Pay | 2.920 | 2.920 | 2.920 | 04/16/2026 | 04/16/2026 |  | 400 |  | (1) | (1) | (1) | (2) | (2) | (2) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (11) | (11) | (11) | $(11) | (11) | (11) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **$** | **(17)** | **(17)** | **(17)** | $**(14)** | **(14)** | **(14)** |
| **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:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> |
| Counterparty | Reference Entity | Reference Entity | Reference Entity | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Implied<br>Credit Spread at<br>March 31, 2026<sup>(3)</sup> | Implied<br>Credit Spread at<br>March 31, 2026<sup>(3)</sup> | Implied<br>Credit Spread at<br>March 31, 2026<sup>(3)</sup> | Notional<br>Amount<sup>(4)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| BPS | Colombia Government International Bonds  | Colombia Government International Bonds  | Colombia Government International Bonds  | 1.000% | Quarterly | Quarterly | Quarterly | 12/20/2027 | 12/20/2027 | 12/20/2027 | 1.208% | 1.208% | 1.208% | $300 | 300 | $(27) | (27) | $26 | 26 | $0 | 0 | 0 | $(1) |
| BRC | Colombia Government International Bonds  | Colombia Government International Bonds  | Colombia Government International Bonds  | 1.000 | Quarterly | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 12/20/2026 | 0.869 | 0.869 | 0.869 | 200 | 200 | (9) | (9) | 9 | 9 | 0 | 0 | 0 | 0 |
|  | Israel Government International Bonds  | Israel Government International Bonds  | Israel Government International Bonds  | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2029 | 06/20/2029 | 06/20/2029 | 0.600 | 0.600 | 0.600 | 100 | 100 | (2) | (2) | 3 | 3 | 1 | 1 | 1 | 0 |
| CBK | Colombia Government International Bonds  | Colombia Government International Bonds  | Colombia Government International Bonds  | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 06/20/2027 | 1.040 | 1.040 | 1.040 | 400 | 400 | (14) | (14) | 14 | 14 | 0 | 0 | 0 | 0 |
|  | Israel Government International Bonds  | Israel Government International Bonds  | Israel Government International Bonds  | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 06/20/2027 | 0.387 | 0.387 | 0.387 | 700 | 700 | (4) | (4) | 9 | 9 | 5 | 5 | 5 | 0 |
|  | Israel Government International Bonds  | Israel Government International Bonds  | Israel Government International Bonds  | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2030 | 06/20/2030 | 06/20/2030 | 0.710 | 0.710 | 0.710 | 1400 | 1400 | (19) | (19) | 35 | 35 | 16 | 16 | 16 | 0 |
| DUB | Petroleos Mexicanos « | Petroleos Mexicanos « | Petroleos Mexicanos « | 4.750 | Monthly | Monthly | Monthly | 07/06/2026 | 07/06/2026 | 07/06/2026 | —◆ | —◆ | —◆ | 330 | 330 | 0 | 0 | 2 | 2 | 2 | 2 | 2 | 0 |
|  | Petroleos Mexicanos « | Petroleos Mexicanos « | Petroleos Mexicanos « | 4.850 | Monthly | Monthly | Monthly | 07/06/2026 | 07/06/2026 | 07/06/2026 | —◆ | —◆ | —◆ | 141 | 141 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 0 |
| GST | Colombia Government International Bonds  | Colombia Government International Bonds  | Colombia Government International Bonds  | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 06/20/2027 | 1.040 | 1.040 | 1.040 | 400 | 400 | (15) | (15) | 15 | 15 | 0 | 0 | 0 | 0 |
|  | Colombia Government International Bonds  | Colombia Government International Bonds  | Colombia Government International Bonds  | 1.000 | Quarterly | Quarterly | Quarterly | 12/20/2027 | 12/20/2027 | 12/20/2027 | 1.208 | 1.208 | 1.208 | 200 | 200 | (18) | (18) | 17 | 17 | 0 | 0 | 0 | (1) |
|  | Israel Government International Bonds  | Israel Government International Bonds  | Israel Government International Bonds  | 1.000 | Quarterly | Quarterly | Quarterly | 12/20/2029 | 12/20/2029 | 12/20/2029 | 0.663 | 0.663 | 0.663 | 300 | 300 | (8) | (8) | 12 | 12 | 4 | 4 | 4 | 0 |
|  | Soft Bank Group,Inc.  | Soft Bank Group,Inc.  | Soft Bank Group,Inc.  | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2026 | 06/20/2026 | 06/20/2026 | 1.662 | 1.662 | 1.662 | 400 | 400 | (3) | (3) | 2 | 2 | 0 | 0 | 0 | (1) |
|  | South Africa Government International Bonds  | South Africa Government International Bonds  | South Africa Government International Bonds  | 1.000 | Quarterly | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 12/20/2026 | 0.728 | 0.728 | 0.728 | 100 | 100 | (4) | (4) | 4 | 4 | 0 | 0 | 0 | 0 |
| JPM | Israel Government International Bonds  | Israel Government International Bonds  | Israel Government International Bonds  | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2030 | 06/20/2030 | 06/20/2030 | 0.710 | 0.710 | 0.710 | 1400 | 1400 | (15) | (15) | 31 | 31 | 16 | 16 | 16 | 0 |
| MYC | Colombia Government International Bonds  | Colombia Government International Bonds  | Colombia Government International Bonds  | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 06/20/2027 | 1.040 | 1.040 | 1.040 | 300 | 300 | (11) | (11) | 11 | 11 | 0 | 0 | 0 | 0 |
|  | Colombia Government International Bonds  | Colombia Government International Bonds  | Colombia Government International Bonds  | 1.000 | Quarterly | Quarterly | Quarterly | 12/20/2027 | 12/20/2027 | 12/20/2027 | 1.208 | 1.208 | 1.208 | 400 | 400 | (36) | (36) | 35 | 35 | 0 | 0 | 0 | (1) |
|  | Israel Government International Bonds  | Israel Government International Bonds  | Israel Government International Bonds  | 1.000 | Quarterly | Quarterly | Quarterly | 06/20/2029 | 06/20/2029 | 06/20/2029 | 0.600 | 0.600 | 0.600 | 300 | 300 | (5) | (5) | 9 | 9 | 4 | 4 | 4 | 0 |
|  | Israel Government International Bonds  | Israel Government International Bonds  | Israel Government International Bonds  | 1.000 | Quarterly | Quarterly | Quarterly | 12/20/2029 | 12/20/2029 | 12/20/2029 | 0.663 | 0.663 | 0.663 | 200 | 200 | (5) | (5) | 8 | 8 | 3 | 3 | 3 | 0 |
|  | Mexico Government International Bonds  | Mexico Government International Bonds  | Mexico Government International Bonds  | 1.000 | Quarterly | Quarterly | Quarterly | 12/20/2028 | 12/20/2028 | 12/20/2028 | 0.669 | 0.669 | 0.669 | 200 | 200 | (2) | (2) | 4 | 4 | 2 | 2 | 2 | 0 |
|  | South Africa Government International Bonds  | South Africa Government International Bonds  | South Africa Government International Bonds  | 1.000 | Quarterly | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 12/20/2026 | 0.728 | 0.728 | 0.728 | 700 | 700 | (31) | (31) | 33 | 33 | 2 | 2 | 2 | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $(228) | (228) | $280 | 280 | $56 | 56 | 56 | $(4) |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> |
| Counterparty | Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount<sup>(4)</sup> |  | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | 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  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | 5.000% | 5.000% | 5.000% | Quarterly | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 1200 | $ | 274 | 274 | (34) | $ | 240 | 240 | $ | 0 |
| BPS | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | 5.000 | 5.000 | Quarterly | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 500 |  | 115 | 115 | (15) |  | 100 | 100 |  | 0 |
| CBK | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | 5.000 | 5.000 | Quarterly | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 200 |  | 45 | 45 | (5) |  | 40 | 40 |  | 0 |
| GST | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | 0.500 | 0.500 | 0.500 | Monthly | Monthly | Monthly | 11/17/2059 | 11/17/2059 | 11359 |  | (247) | (247) | 262 |  | 15 | 15 |  | 0 |
|  | CMBX.NA.AAA.13 Index  | CMBX.NA.AAA.13 Index  | CMBX.NA.AAA.13 Index  | CMBX.NA.AAA.13 Index  | CMBX.NA.AAA.13 Index  | 0.500 | 0.500 | 0.500 | Monthly | Monthly | Monthly | 12/16/2072 | 12/16/2072 | 15100 |  | 23 | 23 | 29 |  | 52 | 52 |  | 0 |
|  | CMBX.NA.AAA.9 Index  | CMBX.NA.AAA.9 Index  | CMBX.NA.AAA.9 Index  | CMBX.NA.AAA.9 Index  | CMBX.NA.AAA.9 Index  | 0.500 | 0.500 | 0.500 | Monthly | Monthly | Monthly | 09/17/2058 | 09/17/2058 | 296 |  | (12) | (12) | 12 |  | 0 | 0 |  | 0 |
| JPM | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | 5.000 | 5.000 | Quarterly | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 900 |  | 206 | 206 | (26) |  | 180 | 180 |  | 0 |
| SAL | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | CMBX.NA.AAA.10 Index  | 0.500 | 0.500 | 0.500 | Monthly | Monthly | Monthly | 11/17/2059 | 11/17/2059 | 1591 |  | 1 | 1 | 1 |  | 2 | 2 |  | 0 |
|  | CMBX.NA.AAA.11 Index  | CMBX.NA.AAA.11 Index  | CMBX.NA.AAA.11 Index  | CMBX.NA.AAA.11 Index  | CMBX.NA.AAA.11 Index  | 0.500 | 0.500 | 0.500 | Monthly | Monthly | Monthly | 11/18/2054 | 11/18/2054 | 200 |  | 1 | 1 | 0 |  | 1 | 1 |  | 0 |
|  | CMBX.NA.AAA.12 Index  | CMBX.NA.AAA.12 Index  | CMBX.NA.AAA.12 Index  | CMBX.NA.AAA.12 Index  | CMBX.NA.AAA.12 Index  | 0.500 | 0.500 | 0.500 | Monthly | Monthly | Monthly | 08/17/2061 | 08/17/2061 | 9775 |  | (40) | (40) | 72 |  | 32 | 32 |  | 0 |

---

------

<br> Schedule of Investments PIMCO Income Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | CMBX.NA.AAA.13 Index  | 0.500 | Monthly | Monthly | 12/16/2072 |  | 11200 |  | 0 |  | 39 | 39 |  | 39 | 0 |
|  |  |  |  |  |  |  |  | $ | 366 | $ | $335 | 335 | $ | $701 | $0 |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | **138** | **$** | $**615** | **615** | **$** | $**757** | $**(4)** |
| **(n)** | **Securities with an aggregate market value of $2,067 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 $2,067 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 $2,067 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 $2,067 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 $2,067 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 $2,067 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 $2,067 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 $2,067 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 $2,067 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 $2,067 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 $2,067 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 $2,067 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 $2,067 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 $2,067 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 $2,067 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of March 31, 2026.** |
| ◆ | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. |
| <sup>(1)</sup> | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | 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 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>(3)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(4)</sup> | The maximum potential amount the 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>(5)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | 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** |
| **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 | 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** |  |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | $0 | 0 | $ | $6451 | 6451 | $8363 | 8363 | 8363 | $ | $14814 | 14814 |  |
| 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 | 0 | 0 |  | 43859 | 43859 | 0 | 0 | 0 |  | 43859 | 43859 |  |
| Industrials | Industrials | Industrials | Industrials | 0 | 0 |  | 63497 | 63497 | 0 | 0 | 0 |  | 63497 | 63497 |  |
| Utilities | Utilities | Utilities | Utilities | 0 | 0 |  | 16009 | 16009 | 0 | 0 | 0 |  | 16009 | 16009 |  |
| Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes |  |
| Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | 0 | 0 |  | 46 | 46 | 0 | 0 | 0 |  | 46 | 46 |  |
| U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | 0 | 0 |  | 624994 | 624994 | 0 | 0 | 0 |  | 624994 | 624994 |  |
| U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 0 |  | 142077 | 142077 | 0 | 0 | 0 |  | 142077 | 142077 |  |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 0 |  | 215509 | 215509 | 0 | 0 | 0 |  | 215509 | 215509 |  |
| 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 | 0 | 0 |  | 3981 | 3981 | 0 | 0 | 0 |  | 3981 | 3981 |  |
| Automobile Sequential | Automobile Sequential | Automobile Sequential | Automobile Sequential | 0 | 0 |  | 10699 | 10699 | 0 | 0 | 0 |  | 10699 | 10699 |  |
| CMBS Other | CMBS Other | CMBS Other | CMBS Other | 0 | 0 |  | 25315 | 25315 | 0 | 0 | 0 |  | 25315 | 25315 |  |
| Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | 0 | 0 |  | 153749 | 153749 | 0 | 0 | 0 |  | 153749 | 153749 |  |
| Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | 0 | 0 |  | 27726 | 27726 | 0 | 0 | 0 |  | 27726 | 27726 |  |
| Other ABS | Other ABS | Other ABS | Other ABS | 0 | 0 |  | 187848 | 187848 | 0 | 0 | 0 |  | 187848 | 187848 |  |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 |  | 119189 | 119189 | 0 | 0 | 0 |  | 119189 | 119189 |  |
| 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 |  |
| Communication Services | Communication Services | Communication Services | Communication Services | 415 | 415 |  | 0 | 0 | 491 | 491 | 491 |  | 906 | 906 |  |
| Financials | Financials | Financials | Financials | 1 | 1 |  | 19 | 19 | 0 | 0 | 0 |  | 20 | 20 |  |
| Health Care | Health Care | Health Care | Health Care | 0 | 0 |  | 0 | 0 | 985 | 985 | 985 |  | 985 | 985 |  |
| Industrials | Industrials | Industrials | Industrials | 0 | 0 |  | 0 | 0 | 73 | 73 | 73 |  | 73 | 73 |  |
| Real Estate | Real Estate | Real Estate | Real Estate | 0 | 0 |  | 8 | 8 | 0 | 0 | 0 |  | 8 | 8 |  |
| Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants | Warrants |  |
| Communication Services | Communication Services | Communication Services | Communication Services | 0 | 0 |  | 4 | 4 | 0 | 0 | 0 |  | 4 | 4 |  |
| 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 | 0 | 0 |  | 1626 | 1626 | 14 | 14 | 14 |  | 1640 | 1640 |  |
| 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 |  |
| Egypt Treasury Bills | Egypt Treasury Bills | Egypt Treasury Bills | Egypt Treasury Bills | 0 | 0 |  | 65 | 65 | 0 | 0 | 0 |  | 65 | 65 |  |
| Nigeria Treasury Bills | Nigeria Treasury Bills | Nigeria Treasury Bills | Nigeria Treasury Bills | 0 | 0 |  | 4579 | 4579 | 0 | 0 | 0 |  | 4579 | 4579 |  |
| Turkey Treasury Bills | Turkey Treasury Bills | Turkey Treasury Bills | Turkey Treasury Bills | 0 | 0 |  | 871 | 871 | 0 | 0 | 0 |  | 871 | 871 |  |
| U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | 0 | 0 |  | 394 | 394 | 0 | 0 | 0 |  | 394 | 394 |  |
|  |  |  |  | $416 | 416 | $ | $1648515 | 1648515 | $9926 | 9926 | 9926 | $ | $1658857 | 1658857 |  |
| **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 |  |
| 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 | $5038 | 5038 | $ | $0 | 0 | $0 | 0 | 0 | $ | $5038 | 5038 |  |
| Total Investments | Total Investments | Total Investments | Total Investments | $5454 | 5454 | $ | $1648515 | 1648515 | $9926 | 9926 | 9926 | $ | $1663895 | 1663895 |  |
| **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**  | **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**  | **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 | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | $0 | 0 | $ | $(2835) | (2835) | $0 | 0 | 0 | $ | $(2835) | (2835) |  |
| **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 | 440 | 440 |  | 2209 | 2209 | 0 | 0 | 0 |  | 2649 | 2649 |  |
| Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 |  | 6898 | 6898 | 3 | 3 | 3 |  | 6901 | 6901 |  |
|  |  |  |  | $440 | 440 | $ | $9107 | 9107 | $3 | 3 | 3 | $ | $9550 | 9550 |  |
| **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 | (102) | (102) |  | (990) | (990) | 0 | 0 | 0 |  | (1092) | (1092) |  |
| Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 |  | (6545) | (6545) | 0 | 0 | 0 |  | (6545) | (6545) |  |

---

------

<br> Schedule of Investments PIMCO Income Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | $(102) | $(7535) | $0 | $(7637) |
| Total Financial Derivative Instruments | $338 | $1572 | $3 | $1913 |
| Totals | $5792 | $1647252 | $9929 | $1662973 |
| **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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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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

**(a) Investment Valuation Policies** The net asset value ("NAV") of the Portfolio's shares, or each of its share classes, as applicable, is determined by dividing the total value of portfolio investments and other assets attributable to the 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, the 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 Portfolio or its agents after the time as of which NAV has been calculated on a particular day will not generally be used to retroactively adjust the price of a security or the NAV determined earlier that day. If regular trading on the NYSE closes earlier than scheduled, the Portfolio may calculate its NAV as of the earlier closing time or calculate its NAV as of the NYSE Close for that day. The 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, the Portfolio may calculate its NAV as of the NYSE Close for such day or such other time that the 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 the 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 Portfolio will normally use pricing data for domestic equity securities received shortly after the NYSE Close and does not normally take into account trading, clearances or settlements that take place after the NYSE Close. A foreign (non-U.S.) equity security traded on a foreign exchange or on more than one exchange is typically valued using pricing information from the exchange considered by Pacific Investment Management Company LLC ("PIMCO") to be the primary exchange. If market value pricing is used, a foreign (non-U.S.) equity security will be valued as of the close of trading on the foreign exchange, or the NYSE Close, if the NYSE Close occurs before the end of trading on the foreign exchange.

Investments for which market quotations are not readily available are valued at fair value as determined in good faith pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended (the "Act"). As a general principle, the fair value of a security or other asset is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Pursuant to Rule 2a-5, the Board of Trustees has designated PIMCO as the valuation designee ("Valuation Designee") for the 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 the 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. Open-end management investment companies may include affiliated funds.

If a foreign (non-U.S.) equity security's value has materially changed after the close of the security's primary exchange or principal market but before the NYSE Close, the security may be valued at fair value. Foreign (non-U.S.) equity securities that do not trade when the NYSE is open are also valued at fair value. With respect to foreign (non-U.S.) equity securities, the 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. The 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 the Trust is not open for business, which may result in the 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 the 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 the Trust is not open for business. As a result, to the extent that the 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 the 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 the 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 the 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 the Portfolio may differ from the value that would be realized if the securities were sold. The Portfolio's use of fair valuation may also help to deter "stale price arbitrage" as discussed under the " Frequent or Excessive Purchases, Exchanges and Redemptions " section in the Portfolio's prospectus.

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

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

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

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

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

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

In accordance with the requirements of U.S. GAAP, the amounts of transfers into and out of Level 3, if material, are disclosed in the Notes to Schedule of Investments for the 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 of the Portfolio's assets and liabilities. Additionally, U.S. GAAP requires quantitative information regarding the significant unobservable inputs used in the determination of fair value of assets or liabilities categorized as Level 3 in the fair value hierarchy. In accordance with the requirements of U.S. GAAP, a fair value hierarchy and, if material, a Level 3 reconciliation and details of significant unobservable inputs, have been included in the Notes to Schedule of Investments for the 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 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 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.

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

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

**2. FEDERAL INCOME TAX MATTERS**

The 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.

The 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 Portfolio's tax positions for all open tax years. As of March 31, 2026, the Portfolio has recorded no liability for net unrecognized tax benefits relating to uncertain income tax positions it has taken or expects to take in future tax returns.

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

Shares of the Portfolio currently are sold to segregated asset accounts ("Separate Accounts") of insurance companies that fund variable annuity contracts and variable life insurance policies ("Variable Contracts"). Please refer to the prospectus for the Separate Account and Variable Contract for information regarding Federal income tax treatment of distributions to the Separate Account.

**3. INVESTMENTS IN AFFILIATES** 

The 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 the Act, rules thereunder or exemptive relief therefrom. The Central Funds are registered investment companies created for use solely by the series of the Trust and other series of registered investment companies advised by the Adviser, in connection with their cash management activities. The main investments of the Central Funds are money market and short maturity fixed income instruments. The Central Funds may incur expenses related to their investment activities, but do not pay Investment Advisory Fees or Supervisory and Administrative Fees to the Adviser. The Central Funds are considered to be affiliated with the Portfolio. 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 Portfolio's website at www.pimco.com, or upon request, as applicable. The table below shows the Portfolio's transactions in and earnings from investments in the affiliated funds for the period ended March 31, 2026 (amounts in thousands<sup>†</sup>):

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

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **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> |
| $477 | $96659 | $(92100) | $1 | $1 | $5038 | $60 | $0 |

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<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 | **CBK** | Citibank N.A. | **MYC** | Morgan Stanley Bank, N.A. |
| **BCY** | Barclays Capital, Inc. | **DUB** | Deutsche Bank AG | **MYI** | Morgan Stanley & Co. International PLC |
| **BOA** | Bank of America N.A. | **FAR** | Wells Fargo Bank National Association | **NGF** | Nomura Global Financial Products, Inc. |
| **BOS** | BofA Securities, Inc. | **GLM** | Goldman Sachs Bank USA | **NOM** | Nomura Securities International, Inc. |
| **BPS** | BNP Paribas S.A. | **GST** | Goldman Sachs International | **SAL** | Citigroup Global Markets, Inc. |
| **BRC** | Barclays Bank PLC | **JPM** | JP Morgan Chase Bank N.A. | **SCX** | Standard Chartered Bank, London |
| **BSH** | Banco Santander S.A. - New York Branch | **MBC** | HSBC Bank Plc | **UAG** | UBS AG Stamford |
| **Currency Abbreviations:** | **Currency Abbreviations:** |  |  |  |  |
| **AUD** | Australian Dollar | **IDR** | Indonesian Rupiah | **NZD** | New Zealand Dollar |
| **BRL** | Brazilian Real | **ILS** | Israeli Shekel | **PEN** | Peruvian New Sol |
| **CAD** | Canadian Dollar | **INR** | Indian Rupee | **PLN** | Polish Zloty |
| **CHF** | Swiss Franc | **JPY** | Japanese Yen | **SEK** | Swedish Krona |
| **CLP** | Chilean Peso | **KRW** | South Korean Won | **SGD** | Singapore Dollar |
| **CNH** | Chinese Renminbi (Offshore) | **KWD** | Kuwaiti Dinar | **THB** | Thai Baht |
| **COP** | Colombian Peso | **KZT** | Kazakhstani Tenge | **TRY** | Turkish New Lira |
| **CZK** | Czech Koruna | **MXN** | Mexican Peso | **TWD** | Taiwanese Dollar |
| **EGP** | Egyptian Pound | **NGN** | Nigerian Naira | **USD (or $)** | United States Dollar |
| **EUR** | Euro | **NOK** | Norwegian Krone | **ZAR** | South African Rand |
| **GBP** | British Pound |  |  |  |  |
| **Exchange Abbreviations:** | **Exchange Abbreviations:** |  |  |  |  |
| **CBOE** | Chicago Board Options Exchange | **EUREX** | Eurex Exchange | **OTC** | Over the Counter |
| **Index/Spread Abbreviations:** | **Index/Spread Abbreviations:** |  |  |  |  |
| **BISTREFI** | Turkish Lira Overnight Reference Rate | **CMBX** | Commercial Mortgage-Backed Index | **SONIO** | Sterling Overnight Interbank Average Rate |
| **Bobl** | Bundesobligation, the German word for federal government bond | **EUR003M** | 3 Month EUR Swap Rate | **TSFR1M** | Term SOFR 1-Month |
| **CDX.EM** | Credit Derivatives Index - Emerging <br> Markets | **EUR006M** | 6 Month EUR Swap Rate | **TSFR3M** | Term SOFR 3-Month |
| **CDX.HY** | Credit Derivatives Index - High Yield | **MUTKCALM** | Tokyo Overnight Average Rate | **UKRPI** | United Kingdom Retail Prices Index |
| **CDX.IG** | Credit Derivatives Index - Investment <br> Grade | **SOFR** | Secured Overnight Financing Rate |  |  |
| **Other Abbreviations:** | **Other Abbreviations:** |  |  |  |  |
| **ABS** | Asset-Backed Security | **CMBS** | Collateralized Mortgage-Backed Security | **PRIBOR** | Prague Interbank Offered Rate |
| **ALT** | Alternate Loan Trust | **DAC** | Designated Activity Company | **REMIC** | Real Estate Mortgage Investment Conduit |
| **BBR** | Bank Bill Rate | **EURIBOR** | Euro Interbank Offered Rate | **TBA** | To-Be-Announced |
| **BBSW** | Bank Bill Swap Reference Rate | **JIBAR** | Johannesburg Interbank Agreed Rate | **TBD** | To-Be-Determined |
| **BRL-CDI** | Brazil Interbank Deposit Rate | **JSC** | Joint Stock Company | **TBD%** | Interest rate to be determined when loan settles or at the time of funding |
| **CHILIBOR** | Chile Interbank Offered Rate | **Lunar** | Monthly payment based on 28-day periods. One <br> year consists of 13 periods. | **TIIE** | Tasa de Interés Interbancaria de Equilibrio "Equilibrium Interbank Interest Rate" |
| **CLO** | Collateralized Loan Obligation | **OIS** | Overnight Index Swap |  |  |

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<br> Schedule of Investments PIMCO International Bond Portfolio (U.S. Dollar-Hedged) March 31, 2026 (Unaudited)

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| | | |
|:---|:---|:---|
| 0 | 159 | 200 |
| **(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 130.6% ¤** |  |  |
| **ARGENTINA 0.0%**  |  |  |
| **SOVEREIGN ISSUES 0.0%**  |  |  |
| **Argentina Republic Government International Bonds**  |  |  |
| 0.750% due 07/09/2030 þ  | $166 | $139 |
| 1.000% due 07/09/2029  | 4 | 3 |
| Total Argentina (Cost $127) |  | 142 |
| **AUSTRALIA 5.0%**  |  |  |
| **CORPORATE BONDS & NOTES 0.9%**  |  |  |
| **Commonwealth Bank of Australia** <br>4.971% due 01/22/2030 | $4900 | 5045 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 1.1%**  |  |  |
| **Project Cashmere** <br>4.543% due 12/30/2057 «(b) | 8400 | 5796 |
| **SOVEREIGN ISSUES 3.0%**  |  |  |
| **Australia Government Bonds** <br>1.750% due 06/21/2051 | 50 | 17 |
| **New South Wales Treasury Corp.**  |  |  |
| 1.750% due 03/20/2034  | 4900 | 2585 |
| 2.000% due 03/08/2033  | 4100 | 2295 |
| **Queensland Treasury Corp.**  |  |  |
| 1.750% due 07/20/2034  | 1600 | 831 |
| 2.000% due 08/22/2033  | 2700 | 1483 |
| 5.250% due 07/21/2036  | 2200 | 1470 |
| **South Australian Government Financing Authority** <br>4.750% due 05/24/2035 | 1100 | 716 |
| **Treasury Corp. of Victoria**  |  |  |
| 2.000% due 09/17/2035  | 1200 | 608 |
| 2.000% due 11/20/2037  | 4700 | 2193 |
| 2.250% due 09/15/2033  | 5000 | 2786 |
| 4.250% due 12/20/2032  | 1200 | 780 |
|  |  | 15764 |
| Total Australia (Cost $25,667) |  | 26605 |
| **BELGIUM 0.2%**  |  |  |
| **CORPORATE BONDS & NOTES 0.2%**  |  |  |
| **KBC Group NV** <br>5.796% due 01/19/2029 •  | $800 | 818 |
| Total Belgium (Cost $800) |  | 818 |
| **BULGARIA 0.2%**  |  |  |
| **SOVEREIGN ISSUES 0.2%**  |  |  |
| **Bulgaria Government International Bonds**  |  |  |
| 3.375% due 07/18/2035  | 400 | 443 |
| 4.125% due 07/18/2045  | 800 | 866 |
| Total Bulgaria (Cost $1,369) |  | 1309 |
| **CANADA 4.9%**  |  |  |
| **CORPORATE BONDS & NOTES 1.1%**  |  |  |
| **Air Canada Pass-Through Trust** <br>3.300% due 07/15/2031 | $62 | 59 |
| **Bank of Nova Scotia** <br>0.010% due 09/14/2029 | 1200 | 1252 |
| **Canadian Imperial Bank of Commerce** <br>4.876% due 01/14/2030 | $3700 | 3795 |

---

------

<br> Schedule of Investments PIMCO International Bond Portfolio (U.S. Dollar-Hedged) (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 159 | 200 |
| **Fairfax Financial Holdings Ltd.** <br>2.750% due 03/29/2028 | 500 | 567 |
|  |  | 5673 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 0.1%**  |  |  |
| **Real Estate Asset Liquidity Trust**  |  |  |
| 2.381% due 02/12/2055 ~  | 27 | 20 |
| 2.867% due 02/12/2055 ~  | 1000 | 694 |
|  |  | 714 |
| **SOVEREIGN ISSUES 3.7%**  |  |  |
| **Canada Government Bonds**  |  |  |
| 1.750% due 12/01/2053  | 910 | 418 |
| 3.000% due 06/01/2034  | 2300 | 1612 |
| 3.250% due 12/01/2033  | 1600 | 1145 |
| **Canada Government Real Return Bonds** <br>1.500% due 12/01/2044 (f) | 571 | 393 |
| **Export Development Canada** <br>7.130% due 03/11/2029 | 84800 | 877 |
| **Province of Ontario**  |  |  |
| 3.500% due 01/27/2027  | 1000 | 681 |
| 3.650% due 06/02/2033  | 8800 | 6346 |
| **Province of Quebec**  |  |  |
| 3.600% due 09/01/2033  | 8100 | 5793 |
| 4.450% due 09/01/2034  | 400 | 300 |
| **PSP Capital, Inc.** <br>4.500% due 09/05/2031 | 3300 | 2198 |
|  |  | 19763 |
| Total Canada (Cost $26,336) |  | 26150 |
| **CAYMAN ISLANDS 2.9%**  |  |  |
| **ASSET-BACKED SECURITIES 2.4%**  |  |  |
| **AMMC CLO 24 Ltd.** <br>4.868% due 01/20/2035 •  | $1300 | 1300 |
| **Anchorage Capital CLO 20 Ltd.** <br>4.768% due 01/20/2035 •  | 1800 | 1801 |
| **BDS Ltd.** <br>5.144% due 12/16/2036 •  | 355 | 355 |
| **Carlyle Global Market Strategies CLO Ltd.** <br>4.758% due 07/20/2034 •  | 1300 | 1301 |
| **CarVal CLO I Ltd.** <br>4.901% due 07/16/2031 •  | 269 | 269 |
| **CIFC Funding Ltd.** <br>4.880% due 10/24/2030 •  | 20 | 20 |
| **Gallatin CLO VIII Ltd.** <br>5.024% due 07/15/2031 •  | 975 | 976 |
| **GPMT Ltd.** <br>5.139% due 12/15/2036 •  | 910 | 909 |
| **KREF Ltd.** <br>5.127% due 02/17/2039 •  | 689 | 689 |
| **LoanCore Issuer Ltd.** <br>5.222% due 01/17/2037 •  | 291 | 290 |
| **MF1 Ltd.** <br>5.027% due 02/19/2037 •  | 675 | 676 |
| **Northwoods Capital XII-B Ltd.** <br>4.864% due 06/15/2031 •  | 347 | 347 |
| **OFSI BSL X Ltd.** <br>4.938% due 04/20/2034 •  | 2100 | 2103 |
| **Sandstone Peak Ltd.** <br>4.842% due 04/15/2038 •  | 1000 | 998 |
| **Starwood Ltd.** <br>4.994% due 04/18/2038 •  | 176 | 176 |
| **Venture 44 CLO Ltd.** <br>4.808% due 10/20/2034 •  | 600 | 601 |
|  |  | 12811 |
| **CORPORATE BONDS & NOTES 0.4%**  |  |  |
| **Foxconn Far East Ltd.** <br>1.875% due 08/25/2028 | 1400 | 1293 |
| **Gaci First Investment Co.** <br>5.250% due 01/29/2034 | 600 | 596 |
| **Sands China Ltd.** <br>5.400% due 08/08/2028 | 500 | 504 |
|  |  | 2393 |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **KSA Sukuk Ltd.** <br>5.268% due 10/25/2028 | 400 | 405 |

---

------

<br> Schedule of Investments PIMCO International Bond Portfolio (U.S. Dollar-Hedged) (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 159 | 200 |
| Total Cayman Islands (Cost $15,611) |  | 15609 |
| **CHILE 0.1%**  |  |  |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **Chile Government International Bonds** <br>4.850% due 01/22/2029 | $600 | 608 |
| Total Chile (Cost $600) |  | 608 |
| **CHINA 9.0%**  |  |  |
| **SOVEREIGN ISSUES 9.0%**  |  |  |
| **China Development Bank**  |  |  |
| 2.630% due 01/08/2034  | 126910 | 19414 |
| 2.820% due 05/22/2033  | 95780 | 14807 |
| **China Government Bonds**  |  |  |
| 1.650% due 05/15/2035  | 28900 | 4143 |
| 1.920% due 01/15/2055  | 14900 | 1965 |
| 2.190% due 09/25/2054  | 20000 | 2795 |
| 3.530% due 10/18/2051  | 28000 | 4961 |
| Total China (Cost $46,724) |  | 48085 |
| **COLOMBIA 1.0%**  |  |  |
| **SOVEREIGN ISSUES 1.0%**  |  |  |
| **Colombia TES**  |  |  |
| 11.500% due 07/25/2046  | 36000 | 9 |
| 11.750% due 01/24/2035  | 1276800 | 317 |
| 12.000% due 03/13/2058  | 1686100 | 414 |
| 12.750% due 11/28/2040  | 7484600 | 1984 |
| 13.250% due 02/09/2033  | 8911000 | 2389 |
| Total Colombia (Cost $5,396) |  | 5113 |
| **COSTA RICA 0.2%**  |  |  |
| **SOVEREIGN ISSUES 0.2%**  |  |  |
| **Costa Rica Government International Bonds**  |  |  |
| 5.500% due 11/21/2030  | 750 | 887 |
| 6.001% due 01/16/2036  | 250 | 298 |
| Total Costa Rica (Cost $1,168) |  | 1185 |
| **DENMARK 0.2%**  |  |  |
| **CORPORATE BONDS & NOTES 0.2%**  |  |  |
| **Jyske Realkredit AS**  |  |  |
| 1.500% due 10/01/2053  | 1685 | 209 |
| **Nordea Kredit Realkreditaktieselskab**  |  |  |
| 1.500% due 10/01/2053  | 4066 | 508 |
| **Realkredit Danmark AS**  |  |  |
| 1.500% due 10/01/2053  | 2297 | 283 |
| Total Denmark (Cost $1,213) |  | 1000 |
| **EGYPT 0.1%**  |  |  |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **Egypt Government Bonds** <br>19.698% due 10/14/2030 | 26400 | 476 |
| Total Egypt (Cost $561) |  | 476 |
| **FRANCE 4.3%**  |  |  |
| **CORPORATE BONDS & NOTES 0.6%**  |  |  |
| **BPCE SA** <br>5.716% due 01/18/2030 •  | $1400 | 1435 |
| **Credit Agricole SA** <br>5.862% due 01/09/2036 •  | 1800 | 1855 |
|  |  | 3290 |
| **SOVEREIGN ISSUES 3.7%**  |  |  |
| **French Republic Government Bonds OAT**  |  |  |
| 2.750% due 02/25/2029  | 6800 | 7823 |

---

------

<br> Schedule of Investments PIMCO International Bond Portfolio (U.S. Dollar-Hedged) (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 159 | 200 |
| 2.750% due 02/25/2030  | 10400 | 11899 |
|  |  | 19722 |
| Total France (Cost $22,154) |  | 23012 |
| **HUNGARY 0.1%**  |  |  |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **Hungary Government International Bonds** <br>6.250% due 09/22/2032 | $300 | 313 |
| Total Hungary (Cost $299) |  | 313 |
| **IRELAND 3.1%**  |  |  |
| **ASSET-BACKED SECURITIES 2.9%**  |  |  |
| **Bain Capital Euro CLO DAC** <br>3.277% due 01/22/2038 •  | 900 | 1040 |
| **Cairn CLO XI DAC** <br>3.187% due 01/15/2040 •  | 1200 | 1386 |
| **Capital Four CLO IV DAC** <br>3.175% due 04/15/2038 •  | 1200 | 1383 |
| **CVC Cordatus Opportunity Loan Fund-R DAC** <br>2.824% due 08/15/2033 •  | 871 | 1005 |
| **Dryden 27 R Euro CLO DAC** <br>2.676% due 04/15/2033 •  | 320 | 370 |
| **Grosvenor Place CLO DAC** <br>3.256% due 01/15/2039 •  | 1300 | 1503 |
| **Hayfin Emerald CLO XIV DAC** <br>3.237% due 01/22/2039 •  | 2600 | 3005 |
| **Jubilee CLO DAC** <br>2.666% due 04/15/2031 •  | 210 | 243 |
| **Man GLG Euro CLO V DAC** <br>2.840% due 12/15/2031 •  | 21 | 25 |
| **Palmer Square European Loan Funding DAC** <br>3.047% due 07/15/2035 •  | 1100 | 1272 |
| **Providus CLO VII DAC** <br>3.181% due 07/15/2038 •  | 1100 | 1268 |
| **Rockford Tower Europe CLO DAC** <br>3.271% due 08/29/2036 •  | 1800 | 2079 |
| **Sculptor European CLO VI DAC** <br>3.066% due 10/15/2034 •  | 1000 | 1157 |
|  |  | 15736 |
| **CORPORATE BONDS & NOTES 0.2%**  |  |  |
| **AerCap Ireland Capital DAC/AerCap Global Aviation Trust**  |  |  |
| 2.450% due 10/29/2026  | $600 | 593 |
| 3.000% due 10/29/2028  | 600 | 578 |
|  |  | 1171 |
| Total Ireland (Cost $16,547) |  | 16907 |
| **ISRAEL 0.3%**  |  |  |
| **SOVEREIGN ISSUES 0.3%**  |  |  |
| **Israel Government International Bonds**  |  |  |
| 4.500% due 01/17/2033  | $400 | 385 |
| 5.500% due 03/12/2034  | 1200 | 1217 |
| Total Israel (Cost $1,592) |  | 1602 |
| **ITALY 0.5%**  |  |  |
| **CORPORATE BONDS & NOTES 0.2%**  |  |  |
| **Intesa Sanpaolo SpA** <br>8.248% due 11/21/2033 •  | $700 | 807 |
| **SOVEREIGN ISSUES 0.3%**  |  |  |
| **Cassa Depositi e Prestiti SpA** <br>5.750% due 05/05/2026 | 900 | 901 |

---

------

<br> Schedule of Investments PIMCO International Bond Portfolio (U.S. Dollar-Hedged) (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 159 | 200 |
| **Republic of Italy Government International Bonds** <br>6.000% due 08/04/2028 | 400 | 542 |
|  |  | 1443 |
| Total Italy (Cost $2,258) |  | 2250 |
| **JAPAN 5.5%**  |  |  |
| **CORPORATE BONDS & NOTES 0.6%**  |  |  |
| **Mitsubishi UFJ Financial Group, Inc.** <br>5.258% due 04/17/2030 •  | $2000 | 2035 |
| **Sumitomo Mitsui Trust Bank Ltd.** <br>4.350% due 09/11/2030 | 1000 | 995 |
|  |  | 3030 |
| **SOVEREIGN ISSUES 4.9%**  |  |  |
| **Japan Government CPI-Linked Bonds** <br>0.100% due 03/10/2028 (f) | 726843 | 4596 |
| **Japan Government Five Year Bonds** <br>0.400% due 06/20/2029 | 300000 | 1823 |
| **Japan Government Forty Year Bonds** <br>2.200% due 03/20/2064 | 440000 | 1922 |
| **Japan Government Thirty Year Bonds**  |  |  |
| 0.500% due 09/20/2046  | 202000 | 742 |
| 0.500% due 03/20/2049  | 428000 | 1438 |
| 0.700% due 12/20/2048  | 498000 | 1786 |
| 0.700% due 12/20/2050  | 160000 | 536 |
| 0.700% due 03/20/2051  | 160000 | 531 |
| 2.200% due 06/20/2054  | 283300 | 1329 |
| 2.300% due 12/20/2054  | 52300 | 250 |
| 2.400% due 03/20/2055  | 4000 | 19 |
| 3.200% due 09/20/2055  | 120000 | 695 |
| **Japan Government Twenty Year Bonds**  |  |  |
| 0.400% due 09/20/2040  | 70000 | 312 |
| 1.200% due 09/20/2035  | 920000 | 5256 |
| 1.800% due 09/20/2044  | 180000 | 915 |
| 2.000% due 12/20/2044  | 545000 | 2853 |
| 2.400% due 03/20/2045  | 217000 | 1208 |
|  |  | 26211 |
| Total Japan (Cost $44,569) |  | 29241 |
| **KAZAKHSTAN 0.1%**  |  |  |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **Development Bank of Kazakhstan JSC** <br>18.400% due 10/16/2028 | 134000 | 288 |
| Total Kazakhstan (Cost $247) |  | 288 |
| **KUWAIT 0.5%**  |  |  |
| **SOVEREIGN ISSUES 0.5%**  |  |  |
| **Kuwait International Government Bonds**  |  |  |
| 4.016% due 10/09/2028  | $1300 | 1282 |
| 4.136% due 10/09/2030  | 700 | 686 |
| 4.652% due 10/09/2035  | 900 | 866 |
| Total Kuwait (Cost $2,900) |  | 2834 |
| **LUXEMBOURG 0.6%**  |  |  |
| **SOVEREIGN ISSUES 0.6%**  |  |  |
| **Eagle Funding Luxco SARL** <br>5.500% due 08/17/2030 | $3000 | 3020 |
| Total Luxembourg (Cost $2,993) |  | 3020 |
| **MALAYSIA 1.8%**  |  |  |
| **CORPORATE BONDS & NOTES 0.1%**  |  |  |
| **Petronas Capital Ltd.**  |  |  |
| 3.404% due 04/28/2061  | $400 | 263 |
| 4.550% due 04/21/2050  | 200 | 172 |
| 4.800% due 04/21/2060  | 200 | 175 |
|  |  | 610 |
| **SOVEREIGN ISSUES 1.7%**  |  |  |
| **Malaysia Government Bonds**  |  |  |
| 2.632% due 04/15/2031  | 2700 | 644 |

---

------

<br> Schedule of Investments PIMCO International Bond Portfolio (U.S. Dollar-Hedged) (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 159 | 200 |
| 3.519% due 04/20/2028  | 30997 | 7707 |
| 3.582% due 07/15/2032  | 530 | 131 |
| **Malaysia Government Investment Issue** <br>4.193% due 10/07/2032 | 2860 | 735 |
|  |  | 9217 |
| Total Malaysia (Cost $8,793) |  | 9827 |
| **MEXICO 0.1%**  |  |  |
| **SOVEREIGN ISSUES 0.1%**  |  |  |
| **Mexico Government International Bonds**  |  |  |
| 5.850% due 07/02/2032  | $200 | 201 |
| 6.625% due 01/29/2038  | 200 | 204 |
| Total Mexico (Cost $400) |  | 405 |
| **MULTINATIONAL 0.0%**  |  |  |
| **CORPORATE BONDS & NOTES 0.0%**  |  |  |
| **Preferred Term Securities XVII Ltd./Preferred Term Securities XVII, Inc.** <br>4.336% (US0003M + 0.400%) due 06/23/2035 ~ | $219 | 213 |
| Total Multinational (Cost $184) |  | 213 |
| **NETHERLANDS 0.2%**  |  |  |
| **CORPORATE BONDS & NOTES 0.2%**  |  |  |
| **ABN AMRO Bank NV** <br>5.515% due 12/03/2035 •  | $900 | 913 |
| Total Netherlands (Cost $900) |  | 913 |
| **NEW ZEALAND 0.2%**  |  |  |
| **CORPORATE BONDS & NOTES 0.2%**  |  |  |
| **ASB Bank Ltd.** <br>0.250% due 05/21/2031 | 1331 | 1324 |
| **SOVEREIGN ISSUES 0.0%**  |  |  |
| **New Zealand Government Bonds** <br>1.500% due 05/15/2031 | 400 | 201 |
| Total New Zealand (Cost $1,657) |  | 1525 |
| **PERU 1.8%**  |  |  |
| **CORPORATE BONDS & NOTES 0.1%**  |  |  |
| **Credicorp Capital Sociedad Titulizadora SA** <br>10.100% due 12/15/2043 | 1900 | 592 |
| **SOVEREIGN ISSUES 1.7%**  |  |  |
| **Peru Government Bonds**  |  |  |
| 6.850% due 08/12/2035  | 3400 | 998 |
| 7.300% due 08/12/2033  | 10500 | 3306 |
| 7.600% due 08/12/2039  | 3200 | 954 |
| **Peru Government International Bonds**  |  |  |
| 2.780% due 12/01/2060  | $700 | 371 |
| 5.400% due 08/12/2034  | 100 | 27 |
| 6.150% due 08/12/2032  | 5000 | 1503 |
| 6.900% due 08/12/2037  | 3400 | 972 |
| 6.950% due 08/12/2031  | 2241 | 698 |
|  |  | 8829 |
| Total Peru (Cost $9,269) |  | 9421 |
| **POLAND 0.3%**  |  |  |
| **SOVEREIGN ISSUES 0.3%**  |  |  |
| **Republic of Poland Government International Bonds**  |  |  |
| 4.875% due 02/12/2030  | $400 | 409 |
| 5.125% due 09/18/2034  | 900 | 906 |
| 5.375% due 02/12/2035  | 300 | 306 |

---

------

<br> Schedule of Investments PIMCO International Bond Portfolio (U.S. Dollar-Hedged) (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 159 | 200 |
| Total Poland (Cost $1,594) |  | 1621 |
| **QATAR 0.1%**  |  |  |
| **CORPORATE BONDS & NOTES 0.1%**  |  |  |
| **QatarEnergy** <br>2.250% due 07/12/2031 | $300 | 264 |
| Total Qatar (Cost $298) |  | 264 |
| **ROMANIA 0.8%**  |  |  |
| **SOVEREIGN ISSUES 0.8%**  |  |  |
| **Romania Government International Bonds**  |  |  |
| 1.375% due 12/02/2029  | 140 | 145 |
| 1.750% due 07/13/2030  | 300 | 306 |
| 2.000% due 01/28/2032  | 100 | 96 |
| 2.124% due 07/16/2031  | 100 | 99 |
| 2.125% due 03/07/2028  | 400 | 449 |
| 5.000% due 09/27/2026  | 514 | 599 |
| 5.125% due 09/24/2031  | 900 | 1033 |
| 5.250% due 03/10/2030  | 400 | 469 |
| 5.250% due 05/30/2032  | 500 | 571 |
| 6.625% due 09/27/2029  | 300 | 370 |
| Total Romania (Cost $4,032) |  | 4137 |
| **SAUDI ARABIA 2.0%**  |  |  |
| **CORPORATE BONDS & NOTES 0.1%**  |  |  |
| **Saudi Arabian Oil Co.** <br>6.375% due 06/02/2055 | $300 | 299 |
| **SOVEREIGN ISSUES 1.9%**  |  |  |
| **Saudi Government International Bonds**  |  |  |
| 3.250% due 10/22/2030  | 200 | 188 |
| 3.375% due 03/05/2032  | 600 | 673 |
| 3.750% due 03/05/2037  | 200 | 218 |
| 4.750% due 01/18/2028  | $1600 | 1604 |
| 4.750% due 01/16/2030  | 4800 | 4801 |
| 4.875% due 07/18/2033  | 500 | 494 |
| 5.125% due 01/13/2028  | 1400 | 1415 |
| 5.375% due 01/13/2031  | 800 | 818 |
|  |  | 10211 |
| Total Saudi Arabia (Cost $10,390) |  | 10510 |
| **SERBIA 0.2%**  |  |  |
| **SOVEREIGN ISSUES 0.2%**  |  |  |
| **Serbia International Bonds**  |  |  |
| 2.050% due 09/23/2036  | 500 | 438 |
| 6.000% due 06/12/2034  | $700 | 702 |
| Total Serbia (Cost $1,261) |  | 1140 |
| **SOUTH AFRICA 1.7%**  |  |  |
| **SOVEREIGN ISSUES 1.7%**  |  |  |
| **Republic of South Africa Government Bonds**  |  |  |
| 6.250% due 03/31/2036  | 5000 | 238 |
| 8.000% due 01/31/2030  | 26200 | 1532 |
| 8.750% due 02/28/2048  | 7100 | 380 |
| 8.875% due 02/28/2035  | 115500 | 6708 |
| 10.500% due 12/21/2026  | 6300 | 380 |
| Total South Africa (Cost $8,769) |  | 9238 |
| **SOUTH KOREA 1.9%**  |  |  |
| **SOVEREIGN ISSUES 1.9%**  |  |  |
| **Korea Treasury Bonds**  |  |  |
| 1.375% due 06/10/2030  | 1811520 | 1074 |
| 2.375% due 12/10/2028  | 5299000 | 3357 |
| 2.625% due 06/10/2028  | 9018720 | 5782 |

---

------

<br> Schedule of Investments PIMCO International Bond Portfolio (U.S. Dollar-Hedged) (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 159 | 200 |
| Total South Korea (Cost $12,479) |  | 10213 |
| **SPAIN 4.0%**  |  |  |
| **SOVEREIGN ISSUES 4.0%**  |  |  |
| **Autonomous Community of Catalonia** <br>4.220% due 04/26/2035 | 200 | 236 |
| **Spain Government Bonds**  |  |  |
| 1.450% due 04/30/2029  | 466 | 518 |
| 2.400% due 05/31/2028  | 2850 | 3271 |
| 3.150% due 04/30/2035  | 4210 | 4766 |
| 3.200% due 10/31/2035  | 1200 | 1358 |
| 3.450% due 10/31/2034  | 7360 | 8556 |
| 3.500% due 05/31/2029  | 2100 | 2478 |
| Total Spain (Cost $21,170) |  | 21183 |
| **SUPRANATIONAL 1.5%**  |  |  |
| **SOVEREIGN ISSUES 1.5%**  |  |  |
| **European Union**  |  |  |
| 3.375% due 12/12/2035  | 3700 | 4267 |
| 3.750% due 10/12/2045  | 3300 | 3694 |
| Total Supranational (Cost $8,286) |  | 7961 |
| **SWITZERLAND 0.6%**  |  |  |
| **CORPORATE BONDS & NOTES 0.6%**  |  |  |
| **UBS Group AG**  |  |  |
| 3.091% due 05/14/2032 •  | $500 | 459 |
| 3.869% due 01/12/2029 •  | 800 | 791 |
| 4.194% due 04/01/2031 •  | 1200 | 1174 |
| 5.617% due 09/13/2030 •  | 700 | 722 |
| Total Switzerland (Cost $3,208) |  | 3146 |
| **THAILAND 1.0%**  |  |  |
| **SOVEREIGN ISSUES 1.0%**  |  |  |
| **Thailand Government Bonds**  |  |  |
| 1.840% due 05/17/2036  | 41805 | 1226 |
| 2.700% due 06/17/2040  | 108100 | 3228 |
| 2.980% due 06/17/2045  | 38444 | 1123 |
| Total Thailand (Cost $6,122) |  | 5577 |
| **UNITED ARAB EMIRATES 0.5%**  |  |  |
| **CORPORATE BONDS & NOTES 0.2%**  |  |  |
| **Abu Dhabi Developmental Holding Co. PJSC**  |  |  |
| 4.500% due 05/06/2030  | $200 | 197 |
| 5.000% due 05/06/2035  | 200 | 195 |
| **MDGH GMTN RSC Ltd.** <br>5.500% due 04/28/2033 | 400 | 406 |
|  |  | 798 |
| **SOVEREIGN ISSUES 0.3%**  |  |  |
| **Abu Dhabi Government International Bonds** <br>5.500% due 04/30/2054 | 1700 | 1631 |
| Total United Arab Emirates (Cost $2,465) |  | 2429 |
| **UNITED KINGDOM 7.9%**  |  |  |
| **ASSET-BACKED SECURITIES 0.2%**  |  |  |
| **Together Asset-Backed Securitisation 14 PLC** <br>4.494% due 08/15/2066 ~ | 886 | 1171 |
| **CORPORATE BONDS & NOTES 2.6%**  |  |  |
| **Barclays PLC**  |  |  |
| 4.918% due 08/08/2030 •  | 1400 | 1680 |
| 5.690% due 03/12/2030 •  | $200 | 206 |
| 8.875% due 09/15/2027 •(g)(h)  | 200 | 272 |
| **HSBC Holdings PLC**  |  |  |
| 4.041% due 03/13/2028 •  | $1000 | 996 |
| 4.583% due 06/19/2029 •  | 800 | 800 |
| **Lloyds Banking Group PLC**  |  |  |
| 5.590% due 11/26/2035 •  | 1400 | 1425 |
| 7.875% due 06/27/2029 •(g)(h)  | 200 | 271 |

---

------

<br> Schedule of Investments PIMCO International Bond Portfolio (U.S. Dollar-Hedged) (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 159 | 200 |
| **Nationwide Building Society** <br>2.972% due 02/16/2028 •  | $1200 | 1183 |
| **NatWest Group PLC** <br>5.778% due 03/01/2035 •  | 2000 | 2068 |
| **Standard Chartered PLC**  |  |  |
| 2.608% due 01/12/2028 •  | 1400 | 1379 |
| 6.187% due 07/06/2027 •  | 1400 | 1406 |
| **Vmed O2 U.K. Financing I PLC**  |  |  |
| 5.625% due 04/15/2032  | 1600 | 1704 |
| 6.750% due 01/15/2033  | $300 | 268 |
|  |  | 13658 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 1.3%**  |  |  |
| **Cheshire PLC** <br>0.000% due 06/28/2048 •  | 894 | 1182 |
| **Eurohome U.K. Mortgages PLC** <br>4.015% due 06/15/2044 •  | 12 | 16 |
| **Eurosail-U.K. PLC** <br>4.815% due 06/13/2045 •  | 58 | 77 |
| **Mansard Mortgages PLC** <br>4.515% due 12/15/2049 •  | 24 | 31 |
| **Newgate Funding PLC**  |  |  |
| 4.025% due 12/01/2050 •  | 89 | 117 |
| 4.865% due 12/15/2050 •  | 122 | 160 |
| **RMAC Securities No. 1 PLC** <br>4.015% due 06/12/2044 •  | 188 | 245 |
| **Stratton Mortgage Funding PLC** <br>4.895% due 06/20/2060 •  | 2371 | 3142 |
| **Towd Point Mortgage Funding - Granite 6 PLC** <br>4.669% due 07/20/2053 •  | 749 | 992 |
| **Towd Point Mortgage Funding 3 PLC** <br>5.145% due 02/20/2054 •  | 882 | 1170 |
|  |  | 7132 |
| **SOVEREIGN ISSUES 3.8%**  |  |  |
| **U.K. Gilts**  |  |  |
| 0.625% due 10/22/2050  | 1300 | 598 |
| 1.250% due 07/31/2051  | 2100 | 1164 |
| 1.500% due 07/31/2053  | 1100 | 631 |
| 1.750% due 01/22/2049  | 1300 | 886 |
| 3.250% due 01/22/2044  | 900 | 895 |
| 4.375% due 03/07/2030  | 11000 | 14535 |
| 5.250% due 01/31/2041  | 1200 | 1582 |
|  |  | 20291 |
| Total United Kingdom (Cost $46,986) |  | 42252 |
| **UNITED STATES 62.1%**  |  |  |
| **ASSET-BACKED SECURITIES 2.9%**  |  |  |
| **ACE Securities Corp. Home Equity Loan Trust** <br>4.073% due 07/25/2036 •  | $826 | 639 |
| **Argent Mortgage Loan Trust** <br>4.273% due 05/25/2035 •  | 773 | 716 |
| **Argent Securities, Inc. Asset-Backed Pass-Through Certificates** <br>4.553% due 02/25/2036 •  | 1101 | 904 |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 3.643% due 07/25/2035 •  | 866 | 843 |
| 4.113% due 12/25/2036 •  | 336 | 189 |
| 4.183% due 06/25/2037 •  | 548 | 548 |
| 4.313% due 03/25/2036 •  | 247 | 229 |
| **Countrywide Asset-Backed Certificates** <br>4.073% due 03/25/2037 •  | 872 | 819 |
| **Countrywide Asset-Backed Certificates Trust**  |  |  |
| 3.627% due 04/25/2035 •  | 94 | 93 |
| 4.053% due 12/25/2036 •  | 210 | 198 |
| 4.073% due 06/25/2035 •  | 178 | 165 |
| 4.073% due 06/25/2037 •  | 224 | 210 |
| 4.073% due 07/25/2037 •  | 149 | 138 |
| 4.073% due 06/25/2047 •  | 724 | 687 |
| 4.332% due 08/25/2035 ~  | 54 | 52 |
| **First Franklin Mortgage Loan Trust** <br>3.908% due 07/25/2036 •  | 359 | 346 |
| **GSAMP Trust**  |  |  |
| 4.438% due 11/25/2035 •  | 771 | 771 |
| 4.513% due 11/25/2035 •  | 1000 | 881 |
| **Home Equity Mortgage Loan Asset-Backed Trust** <br>4.033% due 04/25/2037 •  | 354 | 241 |
| **HSI Asset Securitization Corp. Trust** <br>4.313% due 04/25/2037 •  | 550 | 275 |
| **Long Beach Mortgage Loan Trust** <br>4.353% due 10/25/2034 •  | 10 | 10 |

---

------

<br> Schedule of Investments PIMCO International Bond Portfolio (U.S. Dollar-Hedged) (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 159 | 200 |
| **Merrill Lynch Mortgage Investors Trust** <br>4.093% due 08/25/2037 •  | 927 | 453 |
| **Morgan Stanley ABS Capital I, Inc. Trust** <br>3.923% due 10/25/2036 •  | 78 | 71 |
| **Morgan Stanley Home Equity Loan Trust**  |  |  |
| 3.893% due 12/25/2036 •  | 689 | 328 |
| 4.023% due 04/25/2037 •  | 542 | 277 |
| **Morgan Stanley Mortgage Loan Trust** <br>6.419% due 09/25/2046 þ | 126 | 25 |
| **Nomura Home Equity Loan, Inc. Home Equity Loan Trust** <br>4.228% due 03/25/2036 •  | 15 | 15 |
| **NovaStar Mortgage Funding Trust** <br>4.053% due 03/25/2037 •  | 427 | 280 |
| **Option One Mortgage Loan Trust** <br>4.073% due 01/25/2037 •  | 258 | 169 |
| **Renaissance Home Equity Loan Trust**  |  |  |
| 5.294% due 01/25/2037 þ  | 635 | 188 |
| 5.675% due 06/25/2037 þ  | 1053 | 245 |
| 5.731% due 11/25/2036 þ  | 967 | 300 |
| 6.343% due 12/25/2032 •  | 88 | 77 |
| **Residential Asset Mortgage Products Trust**  |  |  |
| 4.233% due 12/25/2035 •  | 163 | 150 |
| 4.248% due 12/25/2035 •  | 567 | 474 |
| **Residential Asset Securities Corporation Trust** <br>4.043% due 11/25/2036 •  | 1325 | 1150 |
| **Saxon Asset Securities Trust** <br>5.543% due 12/25/2037 •  | 251 | 226 |
| **SMB Private Education Loan Trust** <br>5.122% due 02/16/2055 •  | 642 | 648 |
| **Soundview Home Loan Trust**  |  |  |
| 3.943% due 06/25/2037 •  | 50 | 34 |
| 4.293% due 11/25/2036 •  | 815 | 783 |
| **Structured Asset Investment Loan Trust**  |  |  |
| 4.053% due 07/25/2036 •  | 268 | 198 |
| 4.413% due 01/25/2036 •  | 541 | 515 |
| **Terwin Mortgage Trust** <br>4.733% due 11/25/2033 •  | 13 | 12 |
|  |  | 15572 |
| **CORPORATE BONDS & NOTES 8.1%**  |  |  |
| **American Airlines Pass-Through Trust** <br>3.000% due 04/15/2030 | 172 | 167 |
| **Bank of America Corp.**  |  |  |
| 1.898% due 07/23/2031 •  | 100 | 89 |
| 4.244% due 04/24/2038 •  | 600 | 544 |
| 4.675% (SOFRRATE + 1.010%) due 01/24/2031 ~  | 1600 | 1596 |
| 5.202% due 04/25/2029 •  | 1300 | 1319 |
| **Beignet Investor LLC** <br>6.581% due 05/30/2049 | 5300 | 5453 |
| **Blackstone Holdings Finance Co. LLC** <br>3.500% due 06/01/2034 | 600 | 659 |
| **Boeing Co.** <br>6.259% due 05/01/2027 | $600 | 611 |
| **Citigroup, Inc.** <br>6.800% due 06/25/2038 | 300 | 428 |
| **Credit Suisse AG AT1 Claim**  | $300 | 105 |
| **Doctors Co. An Interinsurance Exchange** <br>4.500% due 01/18/2032 | 200 | 182 |
| **GA Global Funding Trust**  |  |  |
| 2.250% due 01/06/2027  | 400 | 393 |
| 5.400% due 01/13/2030  | 1100 | 1102 |
| **Glencore Funding LLC**  |  |  |
| 5.186% due 04/01/2030  | 800 | 812 |
| 5.371% due 04/04/2029  | 1300 | 1327 |
| **Goldman Sachs Group, Inc.**  |  |  |
| 0.875% due 05/09/2029  | 800 | 856 |
| 3.500% due 01/23/2033 •  | 1200 | 1360 |
| 4.627% (SOFRRATE + 0.960%) due 01/21/2032 ~  | $1900 | 1888 |
| 5.016% due 10/23/2035 •  | 1100 | 1080 |
| 5.536% due 01/28/2036 •  | 500 | 509 |
| 5.727% due 04/25/2030 •  | 800 | 826 |
| 6.484% due 10/24/2029 •  | 1400 | 1465 |
| **JPMorgan Chase & Co.**  |  |  |
| 4.898% due 01/22/2037 •  | 1400 | 1370 |
| 5.012% due 01/23/2030 •  | 1700 | 1724 |
| 5.502% due 01/24/2036 •  | 1300 | 1331 |
| **Morgan Stanley**  |  |  |
| 3.149% due 11/07/2031 •  | 600 | 676 |
| 3.749% due 11/07/2036 •  | 600 | 668 |
| 4.654% due 10/18/2030 •  | $400 | 400 |
| 4.687% (SOFRRATE + 1.020%) due 04/13/2028 ~  | 2000 | 2008 |
| 5.656% due 04/18/2030 •  | 1200 | 1235 |
| 6.407% due 11/01/2029 •  | 500 | 522 |
| **Pacific Gas & Electric Co.**  |  |  |
| 2.100% due 08/01/2027  | 100 | 97 |

---

------

<br> Schedule of Investments PIMCO International Bond Portfolio (U.S. Dollar-Hedged) (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 159 | 200 |
| 4.000% due 12/01/2046  | 100 | 73 |
| 4.200% due 03/01/2029  | 600 | 593 |
| 4.550% due 07/01/2030  | 200 | 197 |
| **PacifiCorp** <br>5.300% due 02/15/2031 | 600 | 608 |
| **Santander Holdings USA, Inc.** <br>6.124% due 05/31/2027 •  | 600 | 601 |
| **Southern Co.** <br>1.875% due 09/15/2081 •  | 300 | 336 |
| **Wells Fargo & Co.**  |  |  |
| 4.406% (SOFRRATE + 0.740%) due 01/23/2030 ~  | $2700 | 2685 |
| 4.808% due 07/25/2028 •  | 1600 | 1607 |
| 5.198% due 01/23/2030 •  | 1200 | 1219 |
| 5.211% due 12/03/2035 •  | 1100 | 1096 |
| 6.303% due 10/23/2029 •  | 900 | 938 |
| **West Virginia United Health System Obligated Group** <br>3.129% due 06/01/2050 | 800 | 505 |
|  |  | 43260 |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.2%**  |  |  |
| **Avolon TLB Borrower 1 U.S. LLC**<br>5.425% (TSFR1M + 1.750%) due 06/24/2030 ~ | 1144 | 1147 |
| **MUNICIPAL BONDS & NOTES 0.2%**  |  |  |
| **Golden State, California Tobacco Securitization Corp. Revenue Notes, Series 2021** <br>2.158% due 06/01/2026 | 600 | 598 |
| **Texas Natural Gas Securitization Finance Corp. Revenue Bonds, Series 2023** <br>5.102% due 04/01/2035 | 251 | 257 |
|  |  | 855 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 5.5%**  |  |  |
| **Angel Oak Mortgage Trust** <br>4.846% due 07/25/2062 þ | 1276 | 1265 |
| **Banc of America Mortgage Trust** <br>4.309% due 02/25/2036 ~ | 11 | 10 |
| **Bear Stearns ALT-A Trust**  |  |  |
| 3.946% due 03/25/2036 ~  | 45 | 38 |
| 4.113% due 02/25/2034 •  | 9 | 8 |
| 4.132% due 08/25/2036 ~  | 23 | 10 |
| 4.567% due 11/25/2035 ~  | 9 | 7 |
| 4.718% due 09/25/2035 ~  | 10 | 5 |
| **Bear Stearns Structured Products, Inc. Trust** <br>3.920% due 12/26/2046 ~ | 9 | 7 |
| **Chase Home Lending Mortgage Trust** <br>3.250% due 09/25/2063 ~ | 997 | 894 |
| **Chase Mortgage Finance Trust** <br>4.904% due 07/25/2037 ~ | 19 | 15 |
| **CHL Mortgage Pass-Through Trust**  |  |  |
| 4.253% due 05/25/2035 •  | 9 | 8 |
| 4.433% due 03/25/2035 •  | 15 | 14 |
| 4.453% due 02/25/2035 •  | 2 | 2 |
| 4.787% due 11/25/2034 ~  | 2 | 1 |
| 5.500% due 01/25/2035  | 134 | 136 |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 3.000% due 11/27/2051 ~  | 1462 | 1272 |
| 4.143% due 10/25/2035 •  | 906 | 381 |
| 5.750% due 09/25/2035 •  | 1 | 1 |
| **Citigroup Mortgage Loan Trust, Inc. Mortgage Pass-Through Certificates** <br>4.451% due 09/25/2035 ~ | 68 | 63 |
| **Countrywide Alternative Loan Trust**  |  |  |
| 4.210% due 03/20/2046 •  | 24 | 23 |
| 4.353% due 02/25/2037 •  | 18 | 15 |
| 4.859% due 12/25/2035 •  | 16 | 14 |
| 5.250% due 06/25/2035  | 3 | 2 |
| 5.359% due 11/25/2035 •  | 3 | 3 |
| **CSMC Mortgage-Backed Trust**  |  |  |
| 5.500% due 08/25/2036  | 527 | 377 |
| 5.863% due 02/25/2037 ~  | 141 | 31 |
| **Deutsche Alt-A Securities, Inc. Mortgage Loan Trust** <br>5.293% due 10/25/2047 •  | 409 | 322 |
| **GS Mortgage-Backed Securities Corp. Trust** <br>2.500% due 09/25/2052 ~ | 2481 | 2069 |
| **GS Mortgage-Backed Securities Trust**  |  |  |
| 2.500% due 12/25/2051 ~  | 288 | 240 |
| 2.500% due 04/25/2052 ~  | 355 | 296 |
| **GSR Mortgage Loan Trust**  |  |  |
| 4.123% due 12/25/2034 •  | 4 | 4 |
| 4.478% due 01/25/2036 ~  | 10 | 10 |
| 6.263% due 04/25/2035 ~  | 25 | 26 |
| **IndyMac INDX Mortgage Loan Trust**  |  |  |
| 4.213% due 05/25/2046 •  | 176 | 164 |
| 4.273% due 07/25/2035 •  | 7 | 6 |

---

------

<br> Schedule of Investments PIMCO International Bond Portfolio (U.S. Dollar-Hedged) (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 159 | 200 |
| **JP Morgan Mortgage Trust**  |  |  |
| 3.000% due 01/25/2052 ~  | 3574 | 3108 |
| 3.000% due 03/25/2052 ~  | 2372 | 2071 |
| 3.000% due 05/25/2052 ~  | 3063 | 2666 |
| 3.942% due 07/27/2037 ~  | 23 | 21 |
| 5.299% due 02/25/2036 ~  | 8 | 5 |
| **Manhattan West Mortgage Trust** <br>2.130% due 09/10/2039 | 1400 | 1349 |
| **Mellon Residential Funding Corp. Mortgage Pass-Through Trust** <br>4.227% due 12/15/2030 •  | 1 | 1 |
| **MFA Trust**  |  |  |
| 1.381% due 04/25/2065 ~  | 132 | 129 |
| 1.947% due 04/25/2065 ~  | 48 | 47 |
| **Morgan Stanley Capital I Trust** <br>4.956% due 12/15/2038 •  | 1700 | 1647 |
| **Morgan Stanley Mortgage Loan Trust** <br>5.634% due 06/25/2036 ~ | 7 | 7 |
| **Morgan Stanley Residential Mortgage Loan Trust** <br>5.016% due 09/25/2070 ~ | 932 | 931 |
| **New Residential Mortgage Loan Trust**  |  |  |
| 2.750% due 07/25/2059 ~  | 431 | 418 |
| 2.750% due 11/25/2059 ~  | 388 | 373 |
| 6.864% due 10/25/2063 þ  | 379 | 382 |
| **OBX Trust**  |  |  |
| 3.000% due 01/25/2052 ~  | 1479 | 1282 |
| 7.159% due 10/25/2063 þ  | 666 | 671 |
| **One New York Plaza Trust** <br>4.737% due 01/15/2036 •  | 1510 | 1459 |
| **RALI Trust**  |  |  |
| 3.943% due 02/25/2047 •  | 20 | 6 |
| 4.153% due 06/25/2046 •  | 231 | 47 |
| 4.213% due 04/25/2046 •  | 369 | 90 |
| 4.788% due 10/25/2037 ~  | 126 | 101 |
| 6.000% due 06/25/2036  | 279 | 229 |
| **Structured Asset Mortgage Investments II Trust**  |  |  |
| 4.213% due 05/25/2036 •  | 4 | 3 |
| 4.233% due 05/25/2036 •  | 30 | 26 |
| 4.233% due 09/25/2047 •  | 40 | 36 |
| 4.253% due 05/25/2045 •  | 5 | 5 |
| 4.491% due 03/19/2034 •  | 1 | 1 |
| 5.359% due 08/25/2047 •  | 15 | 13 |
| **Structured Asset Securities Corp.** <br>4.073% due 01/25/2036 •  | 145 | 121 |
| **Structured Asset Securities Corp. Mortgage Loan Trust** <br>4.083% due 10/25/2036 •  | 279 | 235 |
| **TBW Mortgage-Backed Trust** <br>6.470% due 09/25/2036 þ | 189 | 5 |
| **Thornburg Mortgage Securities Trust** <br>5.786% due 06/25/2047 •  | 5 | 5 |
| **Towd Point Mortgage Trust**  |  |  |
| 1.636% due 04/25/2060 ~  | 514 | 470 |
| 2.710% due 01/25/2060 ~  | 340 | 329 |
| 2.900% due 10/25/2059 ~  | 1376 | 1324 |
| 4.793% due 05/25/2058 •  | 137 | 139 |
| **UWM Mortgage Trust** <br>3.000% due 01/25/2052 ~ | 457 | 396 |
| **Verus Securitization Trust** <br>5.218% due 09/25/2069 ~ | 1146 | 1150 |
| **Wachovia Mortgage Loan Trust LLC** <br>6.710% due 10/20/2035 ~ | 11 | 10 |
| **WaMu Mortgage Pass-Through Certificates Trust**  |  |  |
| 4.030% due 02/27/2034 •  | 1 | 1 |
| 4.118% due 12/25/2036 ~  | 56 | 50 |
| 4.253% due 04/25/2035 ~  | 6 | 6 |
| 4.413% due 01/25/2045 •  | 13 | 13 |
| 4.616% due 03/25/2035 ~  | 9 | 9 |
| 4.839% due 06/25/2046 •  | 13 | 12 |
| 4.859% due 02/25/2046 •  | 30 | 28 |
| 5.364% due 03/25/2033 ~  | 2 | 2 |
| **Washington Mutual Mortgage Pass-Through Certificates Trust** <br>4.799% due 07/25/2046 •  | 14 | 9 |
|  |  | 29177 |
| **SOVEREIGN ISSUES 0.0%**  |  |  |
| **Colombia Government International Bonds** <br>1.000% due 03/26/2031 | 273200 | 57 |
| **Colombia TES** <br>1.000% due 11/28/2040 | 137100 | 37 |
|  |  | 94 |
| **U.S. GOVERNMENT AGENCIES 36.8%**  |  |  |
| **Federal Home Loan Mortgage Corp.**  |  |  |
| 2.500% due 02/01/2051 - 01/01/2052 | $1938 | 1641 |
| 3.500% due 10/01/2039 | 112 | 107 |

---

------

<br> Schedule of Investments PIMCO International Bond Portfolio (U.S. Dollar-Hedged) (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 159 | 200 |
| 5.500% due 06/01/2053 | 1614 | 1626 |
| 6.000% due 03/01/2054 - 06/01/2054 | 204 | 209 |
| 6.500% due 12/01/2053 | 150 | 156 |
| 6.725% due 04/01/2035 •  | 7 | 7 |
| **Federal Home Loan Mortgage Corp. REMICS**  |  |  |
| 2.142% due 01/15/2038 ~(a) | 66 | 3 |
| 4.146% due 01/15/2038 •  | 66 | 65 |
| 4.287% due 12/15/2032 •  | 1 | 1 |
| 4.387% due 12/15/2037 •  | 2 | 2 |
| 4.602% due 11/25/2054 •  | 1516 | 1526 |
| 4.642% due 08/25/2055 •  | 1315 | 1326 |
| 5.062% due 03/25/2055 •  | 2170 | 2188 |
| **Federal Home Loan Mortgage Corp. Structured Pass-Through Certificates**<br>5.059% due 10/25/2044 •  | 11 | 10 |
| **Federal National Mortgage Association**  |  |  |
| 2.500% due 02/01/2051 | 125 | 106 |
| 3.000% due 10/01/2049 - 03/01/2060 | 1318 | 1156 |
| 3.500% due 11/01/2030 - 01/01/2059 | 1530 | 1410 |
| 4.000% due 06/01/2050 | 319 | 305 |
| 4.500% due 08/01/2033 - 04/01/2053 | 299 | 291 |
| 5.114% due 10/01/2044 •  | 3 | 3 |
| 5.500% due 06/01/2053 - 09/01/2053 | 8881 | 8951 |
| 5.754% due 12/01/2034 •  | 1 | 1 |
| 6.000% due 08/01/2054 | 191 | 195 |
| 6.232% due 11/01/2034 •  | 4 | 4 |
| **Federal National Mortgage Association REMICS**  |  |  |
| 4.176% due 06/25/2036 •  | 5 | 5 |
| 4.822% due 03/25/2055 •  | 953 | 961 |
| 6.125% due 05/25/2035 ~ | 1 | 1 |
| **Federal National Mortgage Association REMICS Trust**<br>6.000% due 07/25/2044 | 3 | 3 |
| **Federal National Mortgage Association Trust**<br>4.132% due 09/25/2042 •  | 5 | 5 |
| **Government National Mortgage Association**  |  |  |
| 3.000% due 05/20/2051 - 11/20/2055 | 17189 | 15368 |
| 3.500% due 03/20/2055 - 01/20/2056 | 20500 | 18818 |
| **Government National Mortgage Association REMICS**  |  |  |
| 3.000% due 07/20/2046 - 05/20/2047 | 6 | 6 |
| 4.583% due 05/20/2066 - 06/20/2066 •  | 506 | 508 |
| 4.633% due 11/20/2066 •  | 109 | 109 |
| **Government National Mortgage Association, TBA**  |  |  |
| 2.500% due 04/01/2056 | 2500 | 2151 |
| 3.500% due 04/01/2056 | 500 | 459 |
| 6.500% due 05/01/2056 | 20100 | 20831 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 4.000% due 06/01/2056 | 750 | 706 |
| 4.500% due 05/01/2056 | 15150 | 14607 |
| 5.000% due 04/01/2056 - 05/01/2056 | 100550 | 99069 |
| 6.500% due 05/01/2056 | 1600 | 1654 |
|  |  | 196550 |
| **U.S. TREASURY OBLIGATIONS 8.4%**  |  |  |
| **U.S. Treasury Bonds**  |  |  |
| 2.250% due 08/15/2049 (j) | 1300 | 809 |
| 2.375% due 11/15/2049 (j) | 700 | 446 |
| 3.000% due 02/15/2048 (j) | 1000 | 738 |
| 3.000% due 08/15/2048 (j) | 500 | 367 |
| 3.375% due 11/15/2048 (j) | 2600 | 2038 |
| 4.125% due 08/15/2044 (j) | 3875 | 3517 |
| 4.500% due 11/15/2054 (j) | 12300 | 11494 |
| 4.625% due 02/15/2046 (j) | 200 | 193 |
| 4.625% due 02/15/2055 (j) | 5700 | 5438 |
| 4.750% due 05/15/2055 (j) | 300 | 292 |
| 4.750% due 02/15/2056 | 100 | 97 |
| 4.875% due 08/15/2045 (j) | 200 | 199 |
| **U.S. Treasury Inflation Protected Securities** (f) |  |  |
| 3.875% due 04/15/2029 (j)(l) | 989 | 1067 |
| 0.125% due 07/15/2031 (j) | 2548 | 2382 |
| 0.125% due 01/15/2032 (j) | 1056 | 972 |
| 0.500% due 01/15/2028 (j)(l) | 7911 | 7851 |
| 0.625% due 07/15/2032 (j) | 336 | 317 |
| 1.125% due 01/15/2033 (j) | 4367 | 4208 |
| **U.S. Treasury Notes**  |  |  |
| 3.500% due 02/15/2033 (j) | 700 | 674 |
| 4.000% due 02/29/2028 (j) | 700 | 702 |
| 4.125% due 02/15/2036 | 200 | 197 |
| 4.250% due 08/15/2035 (j) | 200 | 199 |
| 4.375% due 05/15/2034 (j) | 600 | 607 |

---

------

<br> Schedule of Investments PIMCO International Bond Portfolio (U.S. Dollar-Hedged) (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 0 | 159 | 200 |
|  |  | 44804 |
| Total United States (Cost $337,894) |  | 331459 |
| **SHORT-TERM INSTRUMENTS 3.1%**  |  |  |
| **COMMERCIAL PAPER 1.4%**  |  |  |
| **Boston Properties LP** <br>4.200% due 04/27/2026 | $450 | 449 |
| **Crown Castle, Inc.** <br>4.300% due 04/21/2026 | 1500 | 1496 |
| **Extra Space Storage LP** <br>4.180% due 04/22/2026 | 250 | 250 |
| **Fidelity National Information Services, Inc.** <br>4.170% due 04/23/2026 | 1500 | 1496 |
| **HCA, Inc.**  |  |  |
| 4.350% due 04/23/2026  | 1500 | 1496 |
| 4.350% due 05/01/2026  | 1350 | 1345 |
| **Keurig Dr. Pepper, Inc.** <br>4.320% due 04/28/2026 | 1100 | 1096 |
|  |  | 7628 |
| **REPURCHASE AGREEMENTS (i) 0.2%** |  | 985 |
| **EGYPT TREASURY BILLS 0.0%**  |  |  |
| 24.060% due 10/20/2026 (d)(e) | 400 | 7 |
| **NIGERIA TREASURY BILLS 0.3%**  |  |  |
| 31.858% due 06/11/2026 - 06/29/2026 (c)(d) | 2449052 | 1693 |
| **SOUTH AFRICA TREASURY BILLS 0.9%**  |  |  |
| 7.318% due 04/22/2026 - 01/27/2027 (c)(d) | 86740 | 5055 |
| **TURKEY TREASURY BILLS 0.1%**  |  |  |
| 38.690% due 04/07/2026 (c)(d) | 27000 | 603 |
| **U.S. TREASURY BILLS 0.2%**  |  |  |
| 3.694% due 06/09/2026 - 07/21/2026 (c)(d) | $1329 | 1316 |
| Total Short-Term Instruments (Cost $17,079) |  | 17287 |
| Total Investments in Securities (Cost $722,367) |  | 697288 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 0.7%**  |  |  |
| **SHORT-TERM INSTRUMENTS 0.7%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 0.7%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 387929 | 3778 |
| Total Short-Term Instruments (Cost $3,778) |  | 3778 |
| Total Investments in Affiliates (Cost $3,778) |  | 3778 |
| Total Investments 131.3% (Cost $726,145) |  | $701066 |
| **Financial Derivative Instruments (k)(m) 1.6**%(Cost or Premiums, net $(3789)) |  | 8455 |
| Other Assets and Liabilities, net (32.9)% |  | (175466) |
| Net Assets 100.0% |  | $534055 |

---

------

<br> Schedule of Investments PIMCO International Bond Portfolio (U.S. Dollar-Hedged) (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 26 | 77 | 82 | 102 | 121 | 122 | 148 | 159 | 177 | 190 | 200 | 213 |
| **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.** |
| **«** | **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.** |
| **•** | **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.** |
| **(a)** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** |
| **(b)** | **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.** |
| **(c)** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** |
| **(d)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(e)** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** | **Coupon represents a yield to maturity.** |
| **(f)** | **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.** |
| **(g)** | **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.** |
| **(h)** | **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.** |
| **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** |
| **(i)** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** |
| Counterparty | Maturity<br>Date | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | Collateral<br>(Received) | Collateral<br>(Received) | Repurchase<br>Agreements,<br>at Value | Repurchase<br>Agreements,<br>at Value | Repurchase<br>Agreement<br>Proceeds<br>to be<br>Received<sup>(1)</sup> |
| MEI | TBD<sup>(2)</sup> | &nbsp;&nbsp; French Republic Government Bonds OAT 3.000% due 06/25/2049 | &nbsp;&nbsp; French Republic Government Bonds OAT 3.000% due 06/25/2049 | &nbsp;&nbsp; French Republic Government Bonds OAT 3.000% due 06/25/2049 | &nbsp;&nbsp; French Republic Government Bonds OAT 3.000% due 06/25/2049 | &nbsp;&nbsp; French Republic Government Bonds OAT 3.000% due 06/25/2049 | &nbsp;&nbsp; French Republic Government Bonds OAT 3.000% due 06/25/2049 | (958) | (958) | 985 | 985 | $999 |
| **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** |  |  |  |  |  | **(958)** | **(958)** | **985** | **985** | $**999** |
| **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 | Borrowing Rate<sup>(3)</sup> | Settlement Date | Settlement Date | Maturity Date | Maturity Date | Maturity Date | Amount<br>Borrowed<sup>(3)</sup> | Amount<br>Borrowed<sup>(3)</sup> | Amount<br>Borrowed<sup>(3)</sup> | Payable for<br>Reverse<br>Repurchase<br>Agreements | Payable for<br>Reverse<br>Repurchase<br>Agreements |
| BOM | BOM | 3.780%  | 03/11/2026 | 03/11/2026 | 04/06/2026 | 04/06/2026 | 04/06/2026 | (97) | (97) | (97) | (98) | (98) |
| BOS | BOS | 2.500  | 03/25/2026 | 03/25/2026 | 04/01/2026 | 04/01/2026 | 04/01/2026 | (192) | (192) | (192) | (193) | (193) |
| BSN | BSN | 3.770  | 03/06/2026 | 03/06/2026 | 04/06/2026 | 04/06/2026 | 04/06/2026 | (27944) | (27944) | (27944) | (28020) | (28020) |
| DEU | DEU | 3.760  | 03/18/2026 | 03/18/2026 | 04/08/2026 | 04/08/2026 | 04/08/2026 | (1725) | (1725) | (1725) | (1727) | (1727) |
|  |  | 3.760  | 03/25/2026 | 03/25/2026 | 04/01/2026 | 04/01/2026 | 04/01/2026 | (192) | (192) | (192) | (192) | (192) |
| JPS | JPS | 3.760  | 03/12/2026 | 03/12/2026 | 04/23/2026 | 04/23/2026 | 04/23/2026 | (1610) | (1610) | (1610) | (1613) | (1613) |
|  |  | 3.770  | 03/24/2026 | 03/24/2026 | 04/07/2026 | 04/07/2026 | 04/07/2026 | (576) | (576) | (576) | (576) | (576) |
| SGY | SGY | 3.750  | 02/17/2026 | 02/17/2026 | 04/17/2026 | 04/17/2026 | 04/17/2026 | (4030) | (4030) | (4030) | (4048) | (4048) |
| **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** |  |  |  |  |  |  |  |  |  | **(36467)** | **(36467)** |
| **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 | Coupon | Coupon | Maturity<br>Date | Principal<br>Amount | Principal<br>Amount | Proceeds | Proceeds | Proceeds | Payable for<br>Short Sales |
| France (0.2)% | France (0.2)% | France (0.2)% | France (0.2)% | France (0.2)% | France (0.2)% | France (0.2)% | France (0.2)% | France (0.2)% | France (0.2)% | France (0.2)% | France (0.2)% | France (0.2)% |
| &nbsp;&nbsp;&nbsp;&nbsp; Sovereign Issues (0.2)% | &nbsp;&nbsp;&nbsp;&nbsp; Sovereign Issues (0.2)% | &nbsp;&nbsp;&nbsp;&nbsp; Sovereign Issues (0.2)% | &nbsp;&nbsp;&nbsp;&nbsp; Sovereign Issues (0.2)% | &nbsp;&nbsp;&nbsp;&nbsp; Sovereign Issues (0.2)% | &nbsp;&nbsp;&nbsp;&nbsp; Sovereign Issues (0.2)% | &nbsp;&nbsp;&nbsp;&nbsp; Sovereign Issues (0.2)% | &nbsp;&nbsp;&nbsp;&nbsp; Sovereign Issues (0.2)% | &nbsp;&nbsp;&nbsp;&nbsp; Sovereign Issues (0.2)% | &nbsp;&nbsp;&nbsp;&nbsp; Sovereign Issues (0.2)% | &nbsp;&nbsp;&nbsp;&nbsp; Sovereign Issues (0.2)% | &nbsp;&nbsp;&nbsp;&nbsp; Sovereign Issues (0.2)% | &nbsp;&nbsp;&nbsp;&nbsp; Sovereign Issues (0.2)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; French Republic Government Bonds OAT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; French Republic Government Bonds OAT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; French Republic Government Bonds OAT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; French Republic Government Bonds OAT  | 3.000% | 3.000% | 06/25/2049 | EUR | 1000 | $ | (1000) | (1000) | $(962) |
|  | Total France | Total France | Total France | Total France | Total France |  |  |  |  | (1000) | (1000) | (962) |
| United States (15.1)% | United States (15.1)% | United States (15.1)% | United States (15.1)% | United States (15.1)% | United States (15.1)% | United States (15.1)% | United States (15.1)% | United States (15.1)% | United States (15.1)% | United States (15.1)% | United States (15.1)% | United States (15.1)% |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (15.1)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (15.1)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (15.1)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (15.1)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (15.1)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (15.1)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (15.1)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (15.1)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (15.1)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (15.1)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (15.1)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (15.1)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (15.1)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, TBA  | 3.000 | 3.000 | 04/01/2056 | $ | 3100 |  | (2823) | (2823) | (2768) |
| &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  | 2.000 | 2.000 | 04/01/2041 |  | 10800 |  | (10021) | (10021) | (9937) |
| &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  | 2.000 | 2.000 | 05/01/2056 |  | 47950 |  | (38412) | (38412) | (38613) |
| &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  | 2.500 | 2.500 | 05/01/2056 |  | 5400 |  | (4523) | (4523) | (4539) |
| &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  | 3.000 | 3.000 | 06/01/2040 |  | 4600 |  | (4026) | (4026) | (4034) |
| &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  | 3.500 | 3.500 | 06/01/2056 |  | 5200 |  | (4740) | (4740) | (4757) |
| &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  | 5.000 | 5.000 | 04/13/2056 |  | 1410 |  | (1386) | (1386) | (1391) |
| &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  | 5.500 | 5.500 | 05/01/2056 |  | 11040 |  | (11129) | (11129) | (11077) |
| &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  | 6.000 | 6.000 | 06/01/2056 |  | 300 |  | (304) | (304) | (305) |

---

------

<br> Schedule of Investments PIMCO International Bond Portfolio (U.S. Dollar-Hedged) (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 6 | 25 | 58 | 80 | 99 | 101 | 102 | 122 | 134 | 147 | 148 | 164 | 168 | 175 | 179 | 186 | 198 | 213 |
| &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  | 6.500 | 05/13/2056 | 05/13/2056 |  |  | 3200 | 3200 |  |  | (3307) | (3307) | (3308) |
|  |  | Total United States | Total United States | Total United States | Total United States | Total United States | Total United States |  |  |  |  |  |  |  |  | (80671) | (80671) | (80729) |
| **Total Short Sales (15.3)%** | **Total Short Sales (15.3)%** | **Total Short Sales (15.3)%** | **Total Short Sales (15.3)%** | **Total Short Sales (15.3)%** | **Total Short Sales (15.3)%** | **Total Short Sales (15.3)%** |  |  |  |  |  |  |  | **$** | **$** | **(81671)** | **(81671)** | $**(81691)** |
| **(j)** | **Securities with an aggregate market value of $35,568 and cash of $301 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $35,568 and cash of $301 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $35,568 and cash of $301 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $35,568 and cash of $301 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $35,568 and cash of $301 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $35,568 and cash of $301 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $35,568 and cash of $301 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $35,568 and cash of $301 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $35,568 and cash of $301 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $35,568 and cash of $301 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $35,568 and cash of $301 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $35,568 and cash of $301 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $35,568 and cash of $301 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $35,568 and cash of $301 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $35,568 and cash of $301 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $35,568 and cash of $301 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $35,568 and cash of $301 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $35,568 and cash of $301 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** |
| <sup>(1)</sup> | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. |
| <sup>(2)</sup> | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. |
| <sup>(3)</sup> | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(34037) at a weighted average interest rate of 3.768%. 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 $(34037) at a weighted average interest rate of 3.768%. 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 $(34037) at a weighted average interest rate of 3.768%. 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 $(34037) at a weighted average interest rate of 3.768%. 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 $(34037) at a weighted average interest rate of 3.768%. 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 $(34037) at a weighted average interest rate of 3.768%. 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 $(34037) at a weighted average interest rate of 3.768%. 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 $(34037) at a weighted average interest rate of 3.768%. 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 $(34037) at a weighted average interest rate of 3.768%. 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 $(34037) at a weighted average interest rate of 3.768%. 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 $(34037) at a weighted average interest rate of 3.768%. 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 $(34037) at a weighted average interest rate of 3.768%. 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 $(34037) at a weighted average interest rate of 3.768%. 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 $(34037) at a weighted average interest rate of 3.768%. 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 $(34037) at a weighted average interest rate of 3.768%. 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 $(34037) at a weighted average interest rate of 3.768%. 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 $(34037) at a weighted average interest rate of 3.768%. 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 $(34037) at a weighted average interest rate of 3.768%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. |
| **(k)** | **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** | **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** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** |
| Description | Description | Description | Description | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Expiration<br>Date | Expiration<br>Date | # of<br>Contracts | Notional Amount | Notional Amount | Notional Amount | Premiums<br>(Received) | Premiums<br>(Received) | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value |
| Put - CBOE U.S. Treasury 10-Year Note May Futures  | Put - CBOE U.S. Treasury 10-Year Note May Futures  | Put - CBOE U.S. Treasury 10-Year Note May Futures  | Put - CBOE U.S. Treasury 10-Year Note May Futures  | $110.000 | 110.000 | 04/24/2026 | 04/24/2026 | 04/24/2026 | 17 | $17 | 17 | 17 | (6) | (6) | (6) | (6) | $ | (7) |
| Call - CBOE U.S. Treasury 10-Year Note May Futures  | Call - CBOE U.S. Treasury 10-Year Note May Futures  | Call - CBOE U.S. Treasury 10-Year Note May Futures  | Call - CBOE U.S. Treasury 10-Year Note May Futures  | 113.000 | 113.000 | 04/24/2026 | 04/24/2026 | 04/24/2026 | 17 | 17 | 17 | 17 | (4) | (4) | (4) | (4) |  | (2) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **$** | $**(10)** | **(10)** | **(10)** | **(10)** | **$** | **(9)** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u><sup>(1)</sup> | <u>Variation Margin</u><sup>(1)</sup> | <u>Variation Margin</u><sup>(1)</sup> | <u>Variation Margin</u><sup>(1)</sup> | <u>Variation Margin</u><sup>(1)</sup> | <u>Variation Margin</u><sup>(1)</sup> |
| Description | Description | Description | Expiration<br>Month | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) |  | Asset | Asset | Asset | Asset | Liability |
| 3-Month EURIBOR December Futures  | 3-Month EURIBOR December Futures  | 3-Month EURIBOR December Futures  | 12/2026 | 787 | 221000 | 221000 | 221000 | 221000 | $(781) | (781) | (781) | (781) | $ | $0 | 0 | 0 | 0 | 0 |
| Australia Government 3-Year Bond June Futures  | Australia Government 3-Year Bond June Futures  | Australia Government 3-Year Bond June Futures  | 06/2026 | 181 | 12945 | 12945 | 12945 | 12945 | (52) | (52) | (52) | (52) |  | 58 | 58 | 58 | 58 | 0 |
| Canada Government 5-Year Bond June Futures  | Canada Government 5-Year Bond June Futures  | Canada Government 5-Year Bond June Futures  | 06/2026 | 45 | 3671 | 3671 | 3671 | 3671 | (51) | (51) | (51) | (51) |  | 10 | 10 | 10 | 10 | 0 |
| Canada Government 10-Year Bond June Futures  | Canada Government 10-Year Bond June Futures  | Canada Government 10-Year Bond June Futures  | 06/2026 | 133 | 11474 | 11474 | 11474 | 11474 | (214) | (214) | (214) | (214) |  | 46 | 46 | 46 | 46 | 0 |
| Euro-BTP Future June Futures  | Euro-BTP Future June Futures  | Euro-BTP Future June Futures  | 06/2026 | 339 | 45562 | 45562 | 45562 | 45562 | (1815) | (1815) | (1815) | (1815) |  | 549 | 549 | 549 | 549 | 0 |
| Euro-Buxl 30-Year Bond June Futures  | Euro-Buxl 30-Year Bond June Futures  | Euro-Buxl 30-Year Bond June Futures  | 06/2026 | 13 | 1657 | 1657 | 1657 | 1657 | (20) | (20) | (20) | (20) |  | 31 | 31 | 31 | 31 | 0 |
| Long Guilt June Futures  | Long Guilt June Futures  | Long Guilt June Futures  | 06/2026 | 167 | 19405 | 19405 | 19405 | 19405 | (971) | (971) | (971) | (971) |  | 146 | 146 | 146 | 146 | 0 |
| 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 | 120 | 12982 | 12982 | 12982 | 12982 | (196) | (196) | (196) | (196) |  | 17 | 17 | 17 | 17 | 0 |
| 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 | 30 | 3331 | 3331 | 3331 | 3331 | (36) | (36) | (36) | (36) |  | 7 | 7 | 7 | 7 | 0 |
| 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 | 357 | 40525 | 40525 | 40525 | 40525 | (918) | (918) | (918) | (918) |  | 106 | 106 | 106 | 106 | 0 |
|  |  |  |  |  |  |  |  |  | (5054) | (5054) | (5054) | $ | $ | 970 | 970 | 970 | $ | 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** |
|  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u><sup>(1)</sup> | <u>Variation Margin</u><sup>(1)</sup> | <u>Variation Margin</u><sup>(1)</sup> | <u>Variation Margin</u><sup>(1)</sup> | <u>Variation Margin</u><sup>(1)</sup> | <u>Variation Margin</u><sup>(1)</sup> |
| Description | Description | Description | Expiration<br>Month | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) |  | Asset | Asset | Asset | Asset | Liability |
| Australia Government 10-Year Bond June Futures  | Australia Government 10-Year Bond June Futures  | Australia Government 10-Year Bond June Futures  | 06/2026 | 266 | (19776) | (19776) | (19776) | (19776) | $125 | 125 | 125 | 125 | $ | $0 | 0 | 0 | 0 | (186) |
| Euro-Bobl June Futures  | Euro-Bobl June Futures  | Euro-Bobl June Futures  | 06/2026 | 225 | (30019) | (30019) | (30019) | (30019) | 564 | 564 | 564 | 564 |  | 0 | 0 | 0 | 0 | (120) |
| Euro-Bund June Futures  | Euro-Bund June Futures  | Euro-Bund June Futures  | 06/2026 | 62 | (8986) | (8986) | (8986) | (8986) | 142 | 142 | 142 | 142 |  | 0 | 0 | 0 | 0 | (65) |
| Euro-Oat June Futures  | Euro-Oat June Futures  | Euro-Oat June Futures  | 06/2026 | 115 | (15777) | (15777) | (15777) | (15777) | 500 | 500 | 500 | 500 |  | 0 | 0 | 0 | 0 | (146) |
| Euro-Schatz June Futures  | Euro-Schatz June Futures  | Euro-Schatz June Futures  | 06/2026 | 56 | (6845) | (6845) | (6845) | (6845) | 58 | 58 | 58 | 58 |  | 0 | 0 | 0 | 0 | (9) |
| Japan Government 10-Year Bond June Futures  | Japan Government 10-Year Bond June Futures  | Japan Government 10-Year Bond June Futures  | 06/2026 | 37 | (30380) | (30380) | (30380) | (30380) | 366 | 366 | 366 | 366 |  | 7 | 7 | 7 | 7 | (65) |
| 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 | 135 | (28005) | (28005) | (28005) | (28005) | 202 | 202 | 202 | 202 |  | 0 | 0 | 0 | 0 | (11) |
| 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 | 38 | (4429) | (4429) | (4429) | (4429) | 149 | 149 | 149 | 149 |  | 0 | 0 | 0 | 0 | (8) |
|  |  |  |  |  |  |  |  |  | 2106 | 2106 | 2106 | $ | $ | 7 | 7 | 7 | $ | (610) |
| **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** | **(2948)** | **(2948)** | **(2948)** | **$** | **$** | **977** | **977** | **977** | **$** | **(610)** |
| **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>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Reference Entity | Fixed <br>Receive Rate | Maturity<br>Date | Implied<br>Credit Spread at<br>March 31, 2026<sup>(4)</sup> | Notional<br>Amount<sup>(5)</sup> | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) |  | Market<br>Value<sup>(6)</sup> | Market<br>Value<sup>(6)</sup> | Market<br>Value<sup>(6)</sup> | Market<br>Value<sup>(6)</sup> | Asset | Asset | Liability |
| Deutsche Bank  | 1.000% | 12/20/2032 | % | 800 | $(6) | (6) | (6) | $ | (8) | (8) | $ | (14) | (14) | (14) | (14) | $1 | 1 | $0 |

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<br> Schedule of Investments PIMCO International Bond Portfolio (U.S. Dollar-Hedged) (Cont.) March 31, 2026 (Unaudited)

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| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 4 | 13 | 19 | 22 | 27 | 35 | 39 | 66 | 67 | 100 | 129 | 155 | 179 | 187 | 203 | 214 |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(3)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Index/Tranches | Index/Tranches | Fixed <br>(Pay) Rate | Fixed <br>(Pay) Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount<sup>(5)</sup> | Notional<br>Amount<sup>(5)</sup> | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value<sup>(6)</sup> | Market<br>Value<sup>(6)</sup> | Asset |  | Liability |
| CDX.IG-45 10-Year Index  | CDX.IG-45 10-Year Index  | (1.000)% | (1.000)% | Quarterly | Quarterly | 12/20/2035 | 12/20/2035 | $9934 | 9934 | (81) | 61 | (20) | (20) | 0 | $ | (34) |
| CDX.IG-46 5-Year Index  | CDX.IG-46 5-Year Index  | (1.000) | (1.000) | Quarterly | Quarterly | 06/20/2031 | 06/20/2031 | 3300 | 3300 | (52) | (6) | (58) | (58) | 0 |  | (7) |
| CDX.IG-46 10-Year Index  | CDX.IG-46 10-Year Index  | (1.000) | (1.000) | Quarterly | Quarterly | 06/20/2036 | 06/20/2036 | 19400 | 19400 | 29 | (34) | (5) | (5) | 0 |  | (66) |
| CDX.IT-RAXX MAIN45  | CDX.IT-RAXX MAIN45  | (1.000) | (1.000) | Quarterly | Quarterly | 06/20/2031 | 06/20/2031 | 25300 | 25300 | (379) | (32) | (411) | (411) | 0 |  | (36) |
|  |  |  |  |  |  |  |  |  |  | (483) | (11) | (494) | (494) | 0 | $ | (143) |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount<sup>(5)</sup> | Notional<br>Amount<sup>(5)</sup> | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value<sup>(6)</sup> | Market<br>Value<sup>(6)</sup> | Asset |  | Liability |
| CDX.IG-45 5-Year Index  | CDX.IG-45 5-Year Index  | 1.000% | 1.000% | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | $25594 | 25594 | 578 | (116) | 462 | 462 | 50 | $ | 0 |
| **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 | Fixed Rate | Fixed Rate | Payment<br>Frequency | Payment<br>Frequency | 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 | 1-Day GBP-SONIO Compounded-OIS | 3.000% | 3.000% | Annual | Annual | 06/17/2027 | GBP | 15600 | $(36) | $(433) | $(469) | (469) | $18 | 18 | $0 |
| Receive | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.500 | 3.500 | Annual | Annual | 03/18/2028 |  | 7400 | 81 | 62 | 143 | 143 | 0 | 0 | (15) |
| Pay<sup>(7)</sup> | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.500 | 3.500 | Annual | Annual | 09/16/2028 |  | 20060 | (215) | (181) | (396) | (396) | 44 | 44 | 0 |
| Pay | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.500 | 3.500 | Annual | Annual | 03/18/2031 |  | 2890 | (12) | (111) | (123) | (123) | 9 | 9 | 0 |
| Pay<sup>(7)</sup> | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.500 | 3.500 | Annual | Annual | 09/16/2031 |  | 11900 | (348) | (174) | (522) | (522) | 36 | 36 | 0 |
| Receive | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 4.000 | 4.000 | Annual | Annual | 03/18/2036 |  | 4400 | 13 | 197 | 210 | 210 | 0 | 0 | (19) |
| Pay<sup>(7)</sup> | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 4.000 | 4.000 | Annual | Annual | 09/16/2036 |  | 1100 | (69) | 11 | (58) | (58) | 4 | 4 | 0 |
| Receive | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 4.500 | 4.500 | Annual | Annual | 03/18/2056 |  | 300 | 1 | 19 | 20 | 20 | 0 | 0 | (2) |
| Receive<sup>(7)</sup> | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 4.500 | 4.500 | Annual | Annual | 09/16/2056 |  | 1330 | 65 | 27 | 92 | 92 | 0 | 0 | (6) |
| Receive | 1-Day INR-MIBOR Compounded-OIS | 1-Day INR-MIBOR Compounded-OIS | 5.750 | 5.750 | Semi-Annual | Semi-Annual | 03/18/2031 | INR | 83070 | 0 | 33 | 33 | 33 | 0 | 0 | (1) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 0.750 | 0.750 | Annual | Annual | 03/19/2027 | JPY | 3360000 | (78) | 12 | (66) | (66) | 3 | 3 | 0 |
| Receive<sup>(7)</sup> | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1.500 | 1.500 | Annual | Annual | 09/16/2028 |  | 10995000 | 77 | 29 | 106 | 106 | 0 | 0 | (53) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 0.600 | 0.600 | Annual | Annual | 12/18/2029 |  | 929700 | (208) | (10) | (218) | (218) | 9 | 9 | 0 |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | 1.000 | Annual | Annual | 06/18/2030 |  | 160000 | (25) | 1 | (24) | (24) | 2 | 2 | 0 |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 0.000 | 0.000 | Semi-Annual | Semi-Annual | 03/17/2031 |  | 1670000 | (896) | (9) | (905) | (905) | 19 | 19 | 0 |
| Receive<sup>(7)</sup> | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1.750 | 1.750 | Annual | Annual | 09/16/2031 |  | 3000000 | 77 | 36 | 113 | 113 | 0 | 0 | (39) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 0.050 | 0.050 | Annual | Annual | 12/15/2031 |  | 430000 | (255) | (9) | (264) | (264) | 6 | 6 | 0 |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | 1.000 | Annual | Annual | 03/19/2032 |  | 1730000 | (461) | (50) | (511) | (511) | 25 | 25 | 0 |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 0.250 | 0.250 | Annual | Annual | 09/14/2032 |  | 168760 | (102) | (5) | (107) | (107) | 3 | 3 | 0 |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 0.850 | 0.850 | Annual | Annual | 09/20/2033 |  | 140000 | (63) | (4) | (67) | (67) | 2 | 2 | 0 |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | 1.000 | Annual | Annual | 09/18/2034 |  | 1290000 | (604) | (34) | (638) | (638) | 25 | 25 | 0 |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | 1.000 | Annual | Annual | 03/19/2035 |  | 1410000 | (725) | (57) | (782) | (782) | 28 | 28 | 0 |

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<br> Schedule of Investments PIMCO International Bond Portfolio (U.S. Dollar-Hedged) (Cont.) March 31, 2026 (Unaudited)

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| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 4 | 19 | 27 | 39 | 67 | 100 | 129 | 155 | 187 | 214 |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1.250 | Annual | 06/18/2035 | 80000 | (32) | (1) | (33) | 2 | 0 |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1.250 | Annual | 09/17/2035 | 2260650 | (948) | (63) | (1011) | 46 | 0 |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | Annual | 06/19/2044 | 390000 | (609) | 2 | (607) | 5 | 0 |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 0.450 | Annual | 12/15/2051 | 104900 | (314) | 5 | (309) | 0 | 0 |
| Receive<sup>(7)</sup> | 1-Day SGD-SIBCSORA Compounded-OIS | 1.750 | Semi-Annual | 09/16/2031 | 27457 | 5 | 397 | 402 | 0 | (108) |
| Receive<sup>(7)</sup> | 1-Day SGD-SIBCSORA Compounded-OIS | 2.000 | Semi-Annual | 09/16/2031 | 14300 | (32) | 110 | 78 | 0 | (57) |
| Receive<sup>(7)</sup> | 1-Day THB-THOR Compounded-OIS | 1.250 | Quarterly | 09/16/2031 | 94069 | 11 | 69 | 80 | 0 | (6) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.000 | Annual | 06/20/2026 | $20900 | 166 | (164) | 2 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.905 | Annual | 08/15/2026 | 5500 | 0 | 0 | 0 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.940 | Annual | 08/22/2026 | 7300 | 0 | (4) | (4) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.965 | Annual | 11/30/2026 | 18600 | 0 | 143 | 143 | 0 | (2) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2026 | 21800 | 150 | (156) | (6) | 0 | (3) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.000 | Annual | 03/19/2027 | 28050 | 566 | (372) | 194 | 0 | (6) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.460 | Annual | 06/30/2027 | 27400 | 0 | (156) | (156) | 8 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 09/17/2027 | 26000 | 139 | (137) | 2 | 9 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 03/18/2028 | 3430 | 14 | (22) | (8) | 1 | 0 |
| Pay<sup>(7)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.000 | Annual | 06/17/2028 | 23600 | (307) | 40 | (267) | 10 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.851 | Annual | 02/28/2029 | 4100 | 0 | (31) | (31) | 0 | (3) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.862 | Annual | 02/28/2029 | 3700 | 0 | (29) | (29) | 0 | (3) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.865 | Annual | 05/15/2030 | 600 | 0 | (5) | (5) | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/18/2030 | 3200 | 52 | 12 | 64 | 0 | (3) |
| Receive<sup>(7)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.325 | Annual | 08/31/2030 | 36219 | 118 | 241 | 359 | 0 | (36) |
| Receive<sup>(7)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.407 | Annual | 08/31/2030 | 100 | 0 | 1 | 1 | 0 | 0 |
| Receive<sup>(7)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.422 | Annual | 08/31/2030 | 100 | 0 | 1 | 1 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2030 | 15800 | (282) | 185 | (97) | 0 | (16) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 03/18/2031 | 28240 | 38 | 116 | 154 | 0 | (30) |
| Pay<sup>(7)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/17/2031 | 8100 | (159) | 21 | (138) | 8 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 06/20/2031 | 1200 | (6) | 2 | (4) | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.840 | Annual | 06/30/2031 | 2800 | 0 | (23) | (23) | 0 | (3) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 05/15/2032 | 1803 | (2) | (3) | (5) | 0 | (2) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.828 | Annual | 05/15/2032 | 2900 | 0 | (16) | (16) | 0 | (3) |
| Receive<sup>(7)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.564 | Annual | 01/31/2033 | 100 | 0 | 1 | 1 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.836 | Annual | 05/15/2034 | 1300 | 0 | (2) | (2) | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.847 | Annual | 05/15/2034 | 800 | 0 | (2) | (2) | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.860 | Annual | 05/15/2034 | 1300 | 0 | (4) | (4) | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 06/20/2034 | 3290 | 88 | (72) | 16 | 0 | (3) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.885 | Annual | 07/12/2034 | 2700 | (9) | (7) | (16) | 0 | (3) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.586 | Annual | 08/19/2034 | 900 | (3) | 18 | 15 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.595 | Annual | 08/19/2034 | 500 | (2) | 10 | 8 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.532 | Annual | 08/20/2034 | 400 | (1) | 10 | 9 | 0 | 0 |

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<br> Schedule of Investments PIMCO International Bond Portfolio (U.S. Dollar-Hedged) (Cont.) March 31, 2026 (Unaudited)

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| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 4 | 19 | 27 | 39 | 67 | 100 | 129 | 155 | 187 | 214 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.599 | Annual | 08/28/2034 | 1600 | (6) | 32 | 26 | 0 | (2) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.643 | Annual | 08/28/2034 | 1600 | (6) | 26 | 20 | 0 | (2) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.470 | Annual | 09/04/2034 | 1300 | (5) | 39 | 34 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.908 | Annual | 03/04/2035 | 1200 | (4) | (5) | (9) | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 03/19/2035 | 12690 | 855 | (306) | 549 | 0 | (11) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.975 | Annual | 03/21/2035 | 700 | (2) | (6) | (8) | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.930 | Annual | 03/24/2035 | 1400 | (4) | (8) | (12) | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/18/2035 | 3400 | 189 | (13) | 176 | 0 | (3) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.640 | Annual | 08/15/2035 | 4100 | 8 | 55 | 63 | 0 | (4) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.700 | Annual | 08/15/2035 | 4000 | (3) | 46 | 43 | 0 | (4) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.715 | Annual | 08/15/2035 | 6971 | 18 | 48 | 66 | 0 | (6) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.551 | Annual | 09/17/2035 | 1300 | (4) | 37 | 33 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 09/17/2035 | 7600 | (149) | 211 | 62 | 0 | (7) |
| Receive<sup>(7)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.712 | Annual | 11/15/2035 | 100 | 0 | 1 | 1 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2035 | 22600 | (138) | 326 | 188 | 0 | (19) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.755 | Annual | 02/15/2036 | 200 | 0 | 2 | 2 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.000 | Annual | 03/18/2036 | 18640 | (238) | 27 | (211) | 0 | (15) |
| Receive<sup>(7)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 06/17/2036 | 6500 | 13 | 57 | 70 | 0 | (5) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.066 | Annual | 02/15/2046 | 100 | 0 | 1 | 1 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.076 | Annual | 02/15/2046 | 100 | 0 | 1 | 1 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.700 | Annual | 02/20/2049 | 400 | 3 | 25 | 28 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.750 | Annual | 06/15/2052 | 3180 | 803 | 488 | 1291 | 9 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.222 | Annual | 11/15/2052 | 200 | 0 | (2) | (2) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.224 | Annual | 11/15/2052 | 100 | 0 | (1) | (1) | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.225 | Annual | 11/15/2052 | 300 | 0 | (3) | (3) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.227 | Annual | 11/15/2052 | 400 | 0 | (4) | (4) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.228 | Annual | 11/15/2052 | 200 | 0 | (2) | (2) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.232 | Annual | 11/15/2052 | 200 | 0 | (2) | (2) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.233 | Annual | 11/15/2052 | 300 | 0 | (4) | (4) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.238 | Annual | 11/15/2052 | 200 | 0 | (3) | (3) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.244 | Annual | 11/15/2052 | 200 | 0 | (3) | (3) | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.245 | Annual | 11/15/2052 | 500 | 0 | (7) | (7) | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.248 | Annual | 11/15/2052 | 400 | 0 | (6) | (6) | 1 | 0 |
| Receive<sup>(7)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.988 | Annual | 11/15/2053 | 1600 | 0 | 45 | 45 | 6 | 0 |
| Receive<sup>(7)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.998 | Annual | 11/15/2053 | 100 | 0 | 3 | 3 | 0 | 0 |
| Receive<sup>(7)</sup> | 1-Day USD-SOFR Compounded-OIS | 4.010 | Annual | 11/15/2053 | 220 | 0 | 5 | 5 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.010 | Annual | 11/15/2053 | 800 | 11 | 8 | 19 | 3 | 0 |
| Receive<sup>(7)</sup> | 1-Day USD-SOFR Compounded-OIS | 4.015 | Annual | 11/15/2053 | 110 | 0 | 3 | 3 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.075 | Annual | 11/15/2053 | 813 | 6 | 5 | 11 | 3 | 0 |
| Receive<sup>(7)</sup> | 1-Day USD-SOFR Compounded-OIS | 4.082 | Annual | 11/15/2053 | 100 | 0 | 1 | 1 | 0 | 0 |
| Receive<sup>(7)</sup> | 1-Day USD-SOFR Compounded-OIS | 4.083 | Annual | 11/15/2053 | 300 | 0 | 4 | 4 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 12/20/2053 | 2160 | 251 | 75 | 326 | 7 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.931 | Annual | 11/15/2054 | 300 | 0 | 11 | 11 | 1 | 0 |

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<br> Schedule of Investments PIMCO International Bond Portfolio (U.S. Dollar-Hedged) (Cont.) March 31, 2026 (Unaudited)

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| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 4 | 19 | 27 | 39 | 60 | 67 | 100 | 129 | 155 | 187 | 214 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.955 | Annual | 11/15/2054 |  | 500 | 0 | 16 | 16 | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.959 | Annual | 11/15/2054 |  | 1200 | 0 | 37 | 37 | 4 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.964 | Annual | 11/15/2054 |  | 600 | 0 | 18 | 18 | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.998 | Annual | 11/15/2054 |  | 1400 | 0 | 34 | 34 | 5 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.115 | Annual | 11/15/2054 |  | 1510 | 0 | 6 | 6 | 6 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.130 | Annual | 11/15/2054 |  | 790 | 0 | 1 | 1 | 3 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.765 | Annual | 02/15/2055 |  | 2100 | 0 | 134 | 134 | 8 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.772 | Annual | 02/15/2055 |  | 300 | 0 | 19 | 19 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.804 | Annual | 02/15/2055 |  | 1100 | 0 | 63 | 63 | 4 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.806 | Annual | 02/15/2055 |  | 600 | 0 | 34 | 34 | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.861 | Annual | 02/15/2055 |  | 100 | 0 | 5 | 5 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.773 | Annual | 03/04/2055 |  | 1100 | 0 | 69 | 69 | 4 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 03/19/2055 |  | 1340 | 166 | 37 | 203 | 5 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.930 | Annual | 06/25/2055 |  | 986 | 4 | 33 | 37 | 4 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.065 | Annual | 06/26/2055 |  | 674 | (12) | 21 | 9 | 3 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.960 | Annual | 06/27/2055 |  | 1171 | (1) | 38 | 37 | 4 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 09/17/2055 |  | 1400 | 142 | 14 | 156 | 5 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.005 | Annual | 09/29/2055 |  | 457 | (5) | 15 | 10 | 2 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2055 |  | 4900 | (266) | (59) | (325) | 0 | (19) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.052 | Annual | 02/15/2056 |  | 100 | 0 | 1 | 1 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.000 | Annual | 03/18/2056 |  | 40 | 0 | 1 | 1 | 0 | 0 |
| Pay | 3-Month CHF-SRFXON3 Compounded-OIS | 0.294 | Annual | 02/10/2027 | CHF | 6600 | (13) | 34 | 21 | 4 | 0 |
| Pay | 3-Month CHF-SRFXON3 Compounded-OIS | 0.283 | Annual | 02/14/2027 |  | 2000 | 0 | 6 | 6 | 1 | 0 |
| Pay | 3-Month CHF-SRFXON3 Compounded-OIS | 0.250 | Annual | 03/18/2031 |  | 5100 | (24) | 5 | (19) | 23 | 0 |
| Pay<sup>(7)</sup> | 3-Month CHF-SRFXON3 Compounded-OIS | 0.250 | Annual | 09/16/2031 |  | 1400 | (12) | 1 | (11) | 6 | 0 |
| Pay | 3-Month KRW-KORIBOR | 2.750 | Quarterly | 03/18/2036 | KRW | 10967080 | 78 | (718) | (640) | 0 | (3) |
| Receive<sup>(7)</sup> | 3-Month PLN-WIBOR | 4.723 | Annual | 12/01/2035 | PLN | 5600 | 2 | 22 | 24 | 6 | 0 |
| Receive<sup>(7)</sup> | 3-Month PLN-WIBOR | 4.700 | Annual | 01/20/2036 |  | 3100 | 0 | 14 | 14 | 3 | 0 |
| Pay | 3-Month SEK-STIBOR | 2.474 | Annual | 02/03/2030 | SEK | 26600 | (1) | (30) | (31) | 12 | 0 |
| Pay | 3-Month SEK-STIBOR | 2.500 | Annual | 03/18/2031 |  | 49200 | (26) | (56) | (82) | 29 | 0 |
| Pay<sup>(7)</sup> | 3-Month SEK-STIBOR | 2.750 | Annual | 09/16/2031 |  | 23600 | 5 | (26) | (21) | 15 | 0 |
| Pay | 6-Month AUD-BBR-BBSW | 3.500 | Semi-Annual | 03/18/2031 | AUD | 58000 | (582) | (1900) | (2482) | 329 | 0 |
| Receive | 6-Month AUD-BBR-BBSW | 3.750 | Semi-Annual | 03/18/2031 |  | 19800 | 558 | 138 | 696 | 0 | (113) |
| Pay | 6-Month AUD-BBR-BBSW | 4.250 | Semi-Annual | 03/19/2035 |  | 3900 | (2) | (151) | (153) | 33 | 0 |
| Pay | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | 03/19/2035 |  | 3000 | 29 | (109) | (80) | 26 | 0 |
| Pay | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | 06/18/2035 |  | 2300 | 12 | (72) | (60) | 20 | 0 |
| Pay | 6-Month AUD-BBR-BBSW | 4.250 | Semi-Annual | 09/17/2035 |  | 3400 | 23 | (164) | (141) | 30 | 0 |
| Pay | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | 09/17/2035 |  | 2500 | 41 | (112) | (71) | 23 | 0 |
| Pay | 6-Month CZK-PRIBOR | 1.913 | Annual | 01/30/2029 | CZK | 13900 | 0 | (43) | (43) | 1 | 0 |
| Pay<sup>(7)</sup> | 6-Month CZK-PRIBOR | 4.523 | Annual | 12/01/2035 |  | 30800 | (1) | (8) | (9) | 0 | (2) |
| Pay<sup>(7)</sup> | 6-Month CZK-PRIBOR | 4.350 | Annual | 01/20/2036 |  | 17700 | 0 | (11) | (11) | 0 | (1) |
| Pay | 6-Month EUR-EURIBOR | 3.000 | Annual | 03/19/2027 | EUR | 19920 | 162 | (86) | 76 | 4 | 0 |

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<br> Schedule of Investments PIMCO International Bond Portfolio (U.S. Dollar-Hedged) (Cont.) March 31, 2026 (Unaudited)

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| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 3 | 4 | 19 | 27 | 39 | 60 | 67 | 99 | 100 | 128 | 129 | 154 | 155 | 186 | 187 | 213 | 214 |
| Pay | Pay | 6-Month EUR-EURIBOR | 0.700 | Annual | 04/11/2027 |  | 1000 |  | (5) |  | (22) |  | (27) |  | 0 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 0.650 | Annual | 04/12/2027 |  | 1800 |  | (10) |  | (41) |  | (51) |  | 1 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 0.650 | Annual | 05/11/2027 |  | 1200 |  | (9) |  | (26) |  | (35) |  | 1 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 1.000 | Annual | 05/13/2027 |  | 2100 |  | (8) |  | (37) |  | (45) |  | 1 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 1.000 | Annual | 05/18/2027 |  | 1000 |  | (4) |  | (18) |  | (22) |  | 1 |  | 0 |
| Pay<sup>(7)</sup> | Pay<sup>(7)</sup> | 6-Month EUR-EURIBOR | 2.250 | Annual | 09/16/2028 |  | 92600 |  | (324) |  | (1061) |  | (1385) |  | 192 |  | 0 |
| Pay<sup>(7)</sup> | Pay<sup>(7)</sup> | 6-Month EUR-EURIBOR | 2.170 | Annual | 12/15/2028 |  | 22600 |  | 15 |  | (118) |  | (103) |  | 23 |  | 0 |
| Receive<sup>(7)</sup> | Receive<sup>(7)</sup> | 6-Month EUR-EURIBOR | 2.350 | Annual | 12/15/2028 |  | 23000 |  | (16) |  | 122 |  | 106 |  | 0 |  | (26) |
| Pay | Pay | 6-Month EUR-EURIBOR | 1.795 | Annual | 10/11/2029 |  | 1150 |  | 0 |  | (36) |  | (36) |  | 4 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 1.923 | Annual | 10/11/2029 |  | 5500 |  | 0 |  | (143) |  | (143) |  | 18 |  | 0 |
| Pay<sup>(7)</sup> | Pay<sup>(7)</sup> | 6-Month EUR-EURIBOR | 2.500 | Annual | 09/16/2031 |  | 50300 |  | (236) |  | (946) |  | (1182) |  | 235 |  | (1) |
| Pay<sup>(7)</sup> | Pay<sup>(7)</sup> | 6-Month EUR-EURIBOR | 2.750 | Annual | 09/16/2036 |  | 32810 |  | (579) |  | (615) |  | (1194) |  | 261 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 2.250 | Annual | 09/21/2042 |  | 2650 |  | 205 |  | (556) |  | (351) |  | 25 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 0.451 | Annual | 05/27/2050 |  | 900 |  | (64) |  | (421) |  | (485) |  | 6 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 0.064 | Annual | 11/17/2052 |  | 200 |  | 0 |  | 131 |  | 131 |  | 0 |  | (1) |
| Receive<sup>(7)</sup> | Receive<sup>(7)</sup> | 6-Month EUR-EURIBOR | 2.825 | Annual | 09/19/2055 |  | 15800 |  | 225 |  | (291) |  | (66) |  | 0 |  | (8) |
| Pay<sup>(7)</sup> | Pay<sup>(7)</sup> | 6-Month EUR-EURIBOR | 3.000 | Annual | 09/16/2056 |  | 2840 |  | (69) |  | (3) |  | (72) |  | 20 |  | 0 |
| Pay | Pay | 6-Month NOK-NIBOR | 3.750 | Annual | 03/18/2031 | NOK | 24700 |  | (74) |  | (23) |  | (97) |  | 9 |  | 0 |
| Pay<sup>(7)</sup> | Pay<sup>(7)</sup> | 6-Month NOK-NIBOR | 4.500 | Annual | 09/16/2031 |  | 2700 |  | 0 |  | (1) |  | (1) |  | 1 |  | 0 |
| Pay | Pay | CAONREPO | 2.850 | Semi-Annual | 09/01/2029 | CAD | 4300 |  | (8) |  | 12 |  | 4 |  | 6 |  | 0 |
| Pay | Pay | CAONREPO | 1.900 | Semi-Annual | 12/18/2029 |  | 7000 |  | (443) |  | 272 |  | (171) |  | 9 |  | 0 |
| Pay | Pay | CAONREPO | 3.000 | Semi-Annual | 06/18/2030 |  | 1500 |  | 20 |  | (12) |  | 8 |  | 2 |  | 0 |
| Receive | Receive | CAONREPO | 3.250 | Semi-Annual | 03/15/2033 |  | 3100 |  | 48 |  | (80) |  | (32) |  | 0 |  | (6) |
| Receive | Receive | CAONREPO | 2.850 | Semi-Annual | 06/01/2033 |  | 400 |  | 3 |  | 0 |  | 3 |  | 0 |  | (1) |
| Receive | Receive | CAONREPO | 3.000 | Semi-Annual | 06/01/2033 |  | 700 |  | 3 |  | (3) |  | 0 |  | 0 |  | (1) |
| Receive | Receive | CAONREPO | 3.180 | Semi-Annual | 06/01/2033 |  | 4600 |  | (4) |  | (35) |  | (39) |  | 0 |  | (9) |
| Receive | Receive | CAONREPO | 3.300 | Semi-Annual | 06/01/2033 |  | 7000 |  | 28 |  | (129) |  | (101) |  | 0 |  | (13) |
| Receive | Receive | CAONREPO | 3.400 | Semi-Annual | 06/01/2033 |  | 3200 |  | (3) |  | (59) |  | (62) |  | 0 |  | (6) |
| Receive | Receive | CAONREPO | 2.880 | Semi-Annual | 09/01/2033 |  | 2200 |  | 0 |  | 18 |  | 18 |  | 0 |  | (4) |
| Receive | Receive | CAONREPO | 3.500 | Semi-Annual | 09/01/2033 |  | 1300 |  | 16 |  | (44) |  | (28) |  | 0 |  | (2) |
| Pay | Pay | CAONREPO | 3.000 | Semi-Annual | 03/18/2036 |  | 3500 |  | (48) |  | 2 |  | (46) |  | 7 |  | 0 |
| Pay | Pay | CAONREPO | 1.750 | Semi-Annual | 12/16/2046 |  | 600 |  | (120) |  | 3 |  | (117) |  | 0 |  | (1) |
| Pay | Pay | CAONREPO | 2.750 | Semi-Annual | 12/18/2048 |  | 600 |  | (56) |  | 0 |  | (56) |  | 1 |  | 0 |
| Pay | Pay | CAONREPO | 3.250 | Semi-Annual | 06/21/2053 |  | 1400 |  | (74) |  | 21 |  | (53) |  | 1 |  | 0 |
|  |  |  |  |  |  |  |  | $(4858) | (4858) | $(6196) | (6196) | $(11054) | (11054) | $1818 | 1818 | $(728) | (728) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | $**(4769)** | **(4769)** | $**(6331)** | **(6331)** | $**(11100)** | **(11100)** | $**1869** | **1869** | $**(871)** | **(871)** |
| **(l)** | **Securities with an aggregate market value of $7,849 and cash of $7,034 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 $7,849 and cash of $7,034 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 $7,849 and cash of $7,034 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 $7,849 and cash of $7,034 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 $7,849 and cash of $7,034 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 $7,849 and cash of $7,034 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 $7,849 and cash of $7,034 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 $7,849 and cash of $7,034 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 $7,849 and cash of $7,034 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 $7,849 and cash of $7,034 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 $7,849 and cash of $7,034 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 $7,849 and cash of $7,034 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 $7,849 and cash of $7,034 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 $7,849 and cash of $7,034 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 $7,849 and cash of $7,034 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 $7,849 and cash of $7,034 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 $7,849 and cash of $7,034 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** |
| <sup>(1)</sup> | Unsettled variation margin asset of $205 for closed futures is outstanding at period end. | Unsettled variation margin asset of $205 for closed futures is outstanding at period end. | Unsettled variation margin asset of $205 for closed futures is outstanding at period end. | Unsettled variation margin asset of $205 for closed futures is outstanding at period end. | Unsettled variation margin asset of $205 for closed futures is outstanding at period end. | Unsettled variation margin asset of $205 for closed futures is outstanding at period end. | Unsettled variation margin asset of $205 for closed futures is outstanding at period end. | Unsettled variation margin asset of $205 for closed futures is outstanding at period end. | Unsettled variation margin asset of $205 for closed futures is outstanding at period end. | Unsettled variation margin asset of $205 for closed futures is outstanding at period end. | Unsettled variation margin asset of $205 for closed futures is outstanding at period end. | Unsettled variation margin asset of $205 for closed futures is outstanding at period end. | Unsettled variation margin asset of $205 for closed futures is outstanding at period end. | Unsettled variation margin asset of $205 for closed futures is outstanding at period end. | Unsettled variation margin asset of $205 for closed futures is outstanding at period end. | Unsettled variation margin asset of $205 for closed futures is outstanding at period end. | Unsettled variation margin asset of $205 for closed futures is outstanding at period end. |
| <sup>(2)</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>(3)</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>(4)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(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. |
| <sup>(7)</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. |
| **(m)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |

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<br> Schedule of Investments PIMCO International Bond Portfolio (U.S. Dollar-Hedged) (Cont.) March 31, 2026 (Unaudited)

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| 0 | 15 | 56 | 104 | 140 | 153 | 201 |
| **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 | 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 | 04/2026  | 30885 | $22547 | 22547 | $344 | $0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BOA | 04/2026  | 4 | 1 | 1 | 0 | 0 |
|  | 04/2026  | 808 | 592 | 592 | 11 | 0 |
|  | 04/2026  | 1103517 | 287 | 287 | 0 | (13) |
|  | 04/2026  | 1917 | 9811 | 9811 | 5 | 0 |
|  | 04/2026  | 4419 | $5127 | 5127 | 19 | 0 |
|  | 04/2026  | 4005 | 43 | 43 | 1 | 0 |
|  | 04/2026  | 174990 | 120 | 120 | 3 | 0 |
|  | 04/2026  | 1236 | 334 | 334 | 1 | 0 |
|  | 04/2026  | 3798 | 743 | 743 | 0 | (1) |
|  | 04/2026  | 229 | $53 | 53 | 1 | 0 |
|  | 04/2026  | 677 | 530 | 530 | 3 | 0 |
|  | 04/2026  | $1 | 4 | 4 | 0 | 0 |
|  | 04/2026  | 172 | 1188 | 1188 | 0 | 0 |
|  | 04/2026  | 562 | 11824 | 11824 | 0 | (5) |
|  | 04/2026  | 1279 | 1113 | 1113 | 7 | 0 |
|  | 04/2026  | 872 | 139087 | 139087 | 5 | 0 |
|  | 04/2026  | 96 | 1770 | 1770 | 3 | 0 |
|  | 04/2026  | 6257 | $357 | 357 | 0 | (13) |
|  | 05/2026  | 1113 | 1281 | 1281 | 0 | (7) |
|  | 05/2026  | 138668 | 872 | 872 | 0 | (5) |
|  | 05/2026  | $502 | 3484 | 3484 | 4 | 0 |
|  | 06/2026  | 4 | $1 | 1 | 0 | 0 |
|  | 06/2026  | 2139 | 692 | 692 | 11 | 0 |
|  | 06/2026  | 8041 | 449 | 449 | 3 | 0 |
|  | 06/2026  | $110 | 757 | 757 | 0 | 0 |
|  | 06/2026  | 108 | 336 | 336 | 0 | (1) |
|  | 06/2026  | 277 | 949 | 949 | 0 | (5) |
|  | 07/2026  | 510 | 3490 | 3490 | 0 | (1) |
|  | 01/2027  | 10545 | $641 | 641 | 34 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | 04/2026  | 328 | 233 | 233 | 7 | 0 |
|  | 04/2026  | 5850 | 1123 | 1123 | 0 | (6) |
|  | 04/2026  | 552 | 80 | 80 | 0 | 0 |
|  | 04/2026  | 1231 | 179 | 179 | 0 | 0 |
|  | 04/2026  | 1471104 | 384 | 384 | 0 | (16) |
|  | 04/2026  | 584 | 775 | 775 | 2 | 0 |
|  | 04/2026  | 2109 | 683 | 683 | 12 | 0 |
|  | 04/2026  | 1239771 | 13323 | 13323 | 181 | (15) |
|  | 04/2026  | 2829811 | 1910 | 1910 | 29 | (1) |
|  | 04/2026  | 4440 | 2626 | 2626 | 75 | 0 |
|  | 04/2026  | 471 | 127 | 127 | 0 | 0 |
|  | 04/2026  | 190 | 44 | 44 | 1 | 0 |
|  | 04/2026  | 60724 | 1878 | 1878 | 35 | (1) |
|  | 04/2026  | 113965 | 3595 | 3595 | 38 | 0 |
|  | 04/2026  | $1660 | 2373 | 2373 | 0 | (22) |
|  | 04/2026  | 1108 | 5850 | 5850 | 21 | 0 |
|  | 04/2026  | 419 | 584 | 584 | 1 | 0 |
|  | 04/2026  | 176 | 1231 | 1231 | 3 | 0 |
|  | 04/2026  | 2731 | 46218072 | 46218072 | 0 | (9) |
|  | 04/2026  | 503 | 1594 | 1594 | 4 | 0 |
|  | 04/2026  | 2758 | 259538 | 259538 | 4 | 0 |
|  | 04/2026  | 317 | 473313 | 473313 | 1 | (3) |
|  | 04/2026  | 1268 | 4570 | 4570 | 0 | (37) |
|  | 04/2026  | 1 | 35 | 35 | 0 | 0 |
|  | 04/2026  | 9595 | 306889 | 306889 | 0 | (16) |
|  | 04/2026  | 6962 | $411 | 411 | 0 | 0 |
|  | 05/2026  | 1592 | 503 | 503 | 0 | (4) |
|  | 05/2026  | 119701 | 1265 | 1265 | 0 | (5) |
|  | 05/2026  | 241836 | 7679 | 7679 | 152 | (4) |
|  | 05/2026  | $490 | 2572 | 2572 | 4 | 0 |
|  | 05/2026  | 1026 | 7122 | 7122 | 8 | 0 |
|  | 05/2026  | 636 | 10822331 | 10822331 | 2 | 0 |
|  | 05/2026  | 7989 | 756591 | 756591 | 40 | 0 |
|  | 05/2026  | 225 | 69 | 69 | 0 | (3) |
|  | 05/2026  | 126 | 4136 | 4136 | 0 | 0 |
|  | 05/2026  | 31190 | $1763 | 1763 | 0 | (75) |
|  | 06/2026  | 261790 | 8178 | 8178 | 33 | 0 |
|  | 06/2026  | $917 | 6295 | 6295 | 0 | (1) |
|  | 06/2026  | 483 | 8141040 | 8141040 | 0 | (5) |
|  | 06/2026  | 141 | 43 | 43 | 0 | (2) |
|  | 06/2026  | 78 | 2517 | 2517 | 0 | 0 |
|  | 07/2026  | 99 | 30 | 30 | 0 | (1) |
|  | 08/2026  | 3018 | 124 | 124 | 2 | 0 |
|  | 08/2026  | $3656 | 347844 | 347844 | 0 | (16) |
|  | 01/2027  | 3595 | 112905 | 112905 | 0 | (85) |
|  | 02/2027  | 6827 | 212484 | 212484 | 0 | (222) |
|  | 06/2027  | 98 | 30 | 30 | 0 | (1) |
|  | 05/2029  | 397 | $1364 | 1364 | 65 | 0 |
|  | 07/2029  | 25 | 86 | 86 | 4 | 0 |
|  | 05/2030  | 237 | 815 | 815 | 37 | 0 |

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------

<br> Schedule of Investments PIMCO International Bond Portfolio (U.S. Dollar-Hedged) (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| 0 | 15 | 56 | 104 | 153 | 201 |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | 04/2026  | 39 | 28 | 0 | 0 |
|  | 04/2026  | 2099 | 10746 | 10 | 0 |
|  | 04/2026  | 1811 | $232 | 0 | 0 |
|  | 04/2026  | 27321 | 287 | 0 | (4) |
|  | 04/2026  | 3770 | 737 | 0 | (2) |
|  | 04/2026  | 347987 | $7659 | 0 | (77) |
|  | 04/2026  | $219 | 170 | 0 | (6) |
|  | 04/2026  | 536 | 1928 | 0 | (16) |
|  | 04/2026  | 725 | 6577 | 0 | (30) |
|  | 04/2026  | 6151 | 282024 | 43 | 0 |
|  | 04/2026  | 25543 | $1534 | 40 | (13) |
|  | 05/2026  | 41118 | 882 | 0 | (5) |
|  | 05/2026  | $28 | 39 | 0 | 0 |
|  | 05/2026  | 422 | 19578 | 0 | 0 |
|  | 07/2026  | 9494 | $537 | 0 | (20) |
|  | 12/2026  | 3003 | 171 | 0 | (3) |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | 04/2026  | $28455 | 21375 | 0 | (162) |
|  | 04/2026  | 7891 | 1259789 | 47 | 0 |
|  | 04/2026  | 5180 | 8972 | 0 | (24) |
|  | 04/2026  | 1273 | 4604 | 0 | (33) |
|  | 05/2026  | 21375 | $28454 | 163 | 0 |
|  | 05/2026  | 1255994 | 7891 | 0 | (46) |
|  | 05/2026  | 8972 | 5186 | 24 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | 04/2026  | 4298 | 625 | 1 | 0 |
|  | 04/2026  | 183360 | 48 | 0 | (2) |
|  | 04/2026  | 12374 | 14349 | 46 | 0 |
|  | 04/2026  | 1581 | 2119 | 26 | 0 |
|  | 04/2026  | 647246 | 6984 | 139 | 0 |
|  | 04/2026  | 116000 | 741 | 10 | 0 |
|  | 04/2026  | 2410 | 248 | 0 | (1) |
|  | 04/2026  | 1535 | 165 | 3 | 0 |
|  | 04/2026  | 1 | 0 | 0 | 0 |
|  | 04/2026  | 2497 | 78 | 0 | 0 |
|  | 04/2026  | $239 | 1649 | 0 | 0 |
|  | 04/2026  | 540 | 3731 | 0 | 0 |
|  | 04/2026  | 1998 | 7344591 | 0 | (1) |
|  | 04/2026  | 2367 | 2040 | 0 | (10) |
|  | 04/2026  | 15066 | 1390485 | 4 | (341) |
|  | 04/2026  | 556 | 88900 | 4 | 0 |
|  | 04/2026  | 1 | 37 | 0 | 0 |
|  | 04/2026  | 1641 | 51956 | 0 | (19) |
|  | 05/2026  | 56949 | $1842 | 109 | 0 |
|  | 05/2026  | $635 | 4392 | 3 | 0 |
|  | 06/2026  | 9768538 | $2604 | 3 | (15) |
|  | 06/2026  | 4123954 | 245 | 3 | 0 |
|  | 06/2026  | 565 | 183 | 3 | 0 |
|  | 06/2026  | 51947 | 1641 | 24 | 0 |
|  | 06/2026  | $1172 | 8071 | 2 | 0 |
|  | 06/2026  | 180 | 3031945 | 0 | (2) |
|  | 06/2026  | 1634 | 29115 | 0 | (19) |
|  | 07/2026  | 2720 | $788 | 10 | 0 |
|  | 07/2026  | $41 | 281 | 0 | 0 |
|  | 08/2026  | 215432 | $2299 | 44 | 0 |
|  | 08/2026  | $18 | 9553 | 1 | 0 |
|  | 09/2026  | 193 | 3458 | 0 | (3) |
|  | 01/2027  | 15377 | $4537 | 184 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | 04/2026  | 409853 | 59820 | 315 | 0 |
|  | 04/2026  | 1401 | 7160 | 2 | 0 |
|  | 04/2026  | 8790 | $1124 | 2 | 0 |
|  | 04/2026  | 4255 | 1375 | 21 | 0 |
|  | 04/2026  | 69572 | 742 | 6 | (2) |
|  | 04/2026  | 16341 | 3193 | 0 | (10) |
|  | 04/2026  | $24551 | 35789 | 141 | 0 |
|  | 04/2026  | 27663 | 191311 | 113 | 0 |
|  | 04/2026  | 23 | 486 | 0 | 0 |
|  | 04/2026  | 206 | 10264 | 0 | (21) |
|  | 04/2026  | 18 | 5894 | 0 | 0 |
|  | 04/2026  | 1678 | 156004 | 0 | (21) |
|  | 04/2026  | 8575 | 10953 | 0 | (55) |
|  | 04/2026  | 559 | 18256 | 0 | (5) |
|  | 05/2026  | 35789 | $24542 | 0 | (142) |
|  | 05/2026  | 190848 | 27663 | 0 | (114) |
|  | 05/2026  | 10929 | 8575 | 55 | 0 |
|  | 06/2026  | 95829 | 180 | 0 | (16) |
|  | 06/2026  | 18219 | 559 | 3 | 0 |
|  | 06/2026  | $280 | 1919 | 0 | (1) |
|  | 07/2026  | 107 | 57436 | 8 | 0 |
|  | 07/2026  | 6969 | $394 | 0 | (15) |
|  | 08/2026  | 128152 | 1363 | 21 | 0 |
|  | 12/2026  | 4006 | 227 | 0 | (4) |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | 04/2026  | 12581 | 8916 | 236 | 0 |
|  | 04/2026  | 1334 | 1728 | 60 | 0 |
|  | 04/2026  | 21370 | 28879 | 594 | 0 |
|  | 04/2026  | 473693 | 3032 | 47 | 0 |
|  | 04/2026  | 235 | 46 | 0 | 0 |
|  | 04/2026  | $1289 | 1027 | 0 | (4) |

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------

<br> Schedule of Investments PIMCO International Bond Portfolio (U.S. Dollar-Hedged) (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| 0 | 15 | 56 | 104 | 153 | 201 |
|  | 04/2026  | 9828 | 1568553 | 55 | 0 |
|  | 04/2026  | 595 | 2148 | 0 | (17) |
|  | 04/2026  | 46 | 59 | 0 | 0 |
|  | 05/2026  | 1024 | $1289 | 4 | 0 |
|  | 05/2026  | 69 | 10 | 0 | 0 |
|  | 05/2026  | 2648 | 837 | 0 | (7) |
|  | 05/2026  | 1563815 | 9828 | 0 | (55) |
|  | 05/2026  | 59 | 46 | 0 | 0 |
|  | 06/2026  | 1522 | 494 | 9 | 0 |
|  | 06/2026  | 4880 | 281 | 10 | 0 |
|  | 06/2026  | $709 | 12347 | 0 | (24) |
|  | 08/2026  | 5021 | $1485 | 51 | 0 |
|  | 09/2026  | $157 | 2770 | 0 | (5) |
| &nbsp;&nbsp;&nbsp;&nbsp; GLM | 04/2026  | 58959 | $11111 | 0 | (271) |
|  | 04/2026  | 2064 | 664 | 7 | 0 |
|  | 04/2026  | 6350 | 70 | 3 | 0 |
|  | 04/2026  | 2961 | 163 | 0 | (3) |
|  | 04/2026  | 37486 | 9545 | 280 | 0 |
|  | 04/2026  | $10945 | 58959 | 438 | 0 |
|  | 04/2026  | 216 | 1485 | 0 | (1) |
|  | 04/2026  | 10 | 3524 | 0 | 0 |
|  | 04/2026  | 74 | 1249233 | 0 | 0 |
|  | 04/2026  | 804 | 14817 | 23 | 0 |
|  | 04/2026  | 311 | 10190 | 0 | (1) |
|  | 04/2026  | 319 | 5497 | 6 | 0 |
|  | 06/2026  | 13 | $3 | 0 | 0 |
|  | 06/2026  | 3861371 | 229 | 2 | 0 |
|  | 06/2026  | 1655 | 93 | 1 | 0 |
|  | 06/2026  | 10172 | 311 | 0 | 0 |
|  | 06/2026  | $402 | 6798202 | 0 | (2) |
|  | 06/2026  | 1049 | 18260 | 0 | (36) |
|  | 07/2026  | 12 | $2 | 0 | 0 |
|  | 07/2026  | $10754 | 58216 | 258 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; IND | 04/2026  | 73172 | $86400 | 1825 | 0 |
|  | 04/2026  | $858 | 5578 | 4 | 0 |
|  | 05/2026  | 5570 | $858 | 0 | (4) |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | 04/2026  | 1035 | 150 | 0 | 0 |
|  | 04/2026  | 1138 | 5814 | 2 | 0 |
|  | 04/2026  | 10258 | $1312 | 3 | 0 |
|  | 04/2026  | 2697 | 735 | 10 | (1) |
|  | 04/2026  | 5652 | 1106 | 0 | (2) |
|  | 04/2026  | 10336 | $8201 | 162 | 0 |
|  | 04/2026  | 33650 | 1065 | 43 | 0 |
|  | 04/2026  | $29090 | 201296 | 135 | 0 |
|  | 04/2026  | 14 | 294 | 0 | 0 |
|  | 04/2026  | 52 | 17277 | 0 | 0 |
|  | 04/2026  | 6139 | 110085 | 8 | (12) |
|  | 04/2026  | 589 | 18455 | 0 | (28) |
|  | 04/2026  | 67995 | $4057 | 47 | (3) |
|  | 05/2026  | 661 | 453 | 0 | (3) |
|  | 05/2026  | 200804 | 29090 | 0 | (136) |
|  | 05/2026  | 205 | 1052 | 1 | 0 |
|  | 05/2026  | 1051 | 205 | 0 | 0 |
|  | 06/2026  | 1372 | $444 | 7 | 0 |
|  | 06/2026  | 8823 | 492 | 3 | 0 |
|  | 06/2026  | 32496 | 991 | 0 | (1) |
|  | 06/2026  | $106 | 328 | 0 | (1) |
|  | 06/2026  | 4900 | $277 | 0 | (11) |
|  | 08/2026  | 8125 | 333 | 4 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | 04/2026  | 3968 | $2749 | 14 | (3) |
|  | 04/2026  | 228 | 167 | 3 | 0 |
|  | 04/2026  | 78 | 99 | 1 | 0 |
|  | 04/2026  | 1285 | 61 | 0 | 0 |
|  | 04/2026  | 6271 | 991 | 21 | 0 |
|  | 04/2026  | 61 | 311 | 0 | 0 |
|  | 04/2026  | 3906 | $4527 | 17 | (5) |
|  | 04/2026  | 521858 | 3356 | 68 | 0 |
|  | 04/2026  | 15195105 | 10366 | 262 | 0 |
|  | 04/2026  | 4855 | 520 | 7 | 0 |
|  | 04/2026  | $107 | 690 | 0 | 0 |
|  | 04/2026  | 2958 | 2571 | 14 | 0 |
|  | 04/2026  | 1626 | 1215 | 0 | (18) |
|  | 04/2026  | 3032 | 484864 | 23 | 0 |
|  | 04/2026  | 238 | 4396 | 7 | 0 |
|  | 04/2026  | 184 | 1799 | 2 | 0 |
|  | 05/2026  | 318 | $421 | 0 | 0 |
|  | 05/2026  | 529799 | 3324 | 0 | (24) |
|  | 05/2026  | 1672 | 171 | 0 | (2) |
|  | 05/2026  | 109728 | 3554 | 214 | 0 |
|  | 05/2026  | $36 | 1851 | 0 | (4) |
|  | 05/2026  | 370 | 322 | 3 | 0 |
|  | 05/2026  | 6695 | 215989 | 30 | 0 |
|  | 05/2026  | 9299 | $535 | 0 | (13) |
|  | 06/2026  | 1021 | 57 | 0 | 0 |
|  | 06/2026  | $591 | 4039 | 0 | (3) |
|  | 01/2027  | 216290 | $6695 | 0 | (28) |

---

------

<br> Schedule of Investments PIMCO International Bond Portfolio (U.S. Dollar-Hedged) (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 8 | 15 | 56 | 86 | 94 | 104 | 112 | 138 | 152 | 153 | 190 | 200 | 206 |
| &nbsp;&nbsp;&nbsp;&nbsp; MYI | &nbsp;&nbsp;&nbsp;&nbsp; MYI | 04/2026  | 2273 | 2273 |  | 125 | 125 | 125 |  | 0 | 0 |  | (2) |
|  |  | 04/2026  | 283 | 283 |  | 72 | 72 | 72 |  | 2 | 2 |  | 0 |
|  |  | 04/2026  | 248 | 248 |  | 70 | 70 | 70 |  | 3 | 3 |  | 0 |
|  |  | 04/2026  | 298253 | 298253 |  | 9448 | 9448 | 9448 |  | 137 | 137 |  | 0 |
|  |  | 04/2026  | $273 | 273 | CHF | 214 | 214 | 214 |  | 0 | 0 |  | (5) |
|  |  | 04/2026  | 3098 | 3098 | TWD | 98933 | 98933 | 98933 |  | 2 | 2 |  | (11) |
|  |  | 06/2026  | 98988 | 98988 | $ | $3098 | 3098 | 3098 |  | 18 | 18 |  | 0 |
|  |  | 06/2026  | $573 | 573 | CNY | 3954 | 3954 | 3954 |  | 2 | 2 |  | 0 |
|  |  | 01/2027  | 9448 | 9448 | TWD | 295828 | 295828 | 295828 |  | 0 | 0 |  | (252) |
| &nbsp;&nbsp;&nbsp;&nbsp; NGF | &nbsp;&nbsp;&nbsp;&nbsp; NGF | 04/2026  | 7810 | 7810 | $ | $170 | 170 | 170 |  | 0 | 0 |  | (5) |
|  |  | 04/2026  | $17 | 17 | CNH | 117 | 117 | 117 |  | 0 | 0 |  | 0 |
|  |  | 04/2026  | 63 | 63 | NOK | 609 | 609 | 609 |  | 0 | 0 |  | 0 |
|  |  | 04/2026  | 411 | 411 | TRY | 18775 | 18775 | 18775 |  | 8 | 8 |  | 0 |
|  |  | 05/2026  | 278 | 278 |  | 12858 | 12858 | 12858 |  | 0 | 0 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | &nbsp;&nbsp;&nbsp;&nbsp; SCX | 04/2026  | 3734 | 3734 | $ | $540 | 540 | 540 |  | 0 | 0 |  | 0 |
|  |  | 04/2026  | 4586611 | 4586611 |  | 1198 | 1198 | 1198 |  | 0 | 0 |  | (49) |
|  |  | 04/2026  | 372541 | 372541 |  | 2388 | 2388 | 2388 |  | 41 | 41 |  | 0 |
|  |  | 04/2026  | 1258618 | 1258618 |  | 824 | 824 | 824 |  | 0 | 0 |  | (13) |
|  |  | 04/2026  | 4532 | 4532 |  | 2710 | 2710 | 2710 |  | 105 | 105 |  | 0 |
|  |  | 04/2026  | 1543 | 1543 |  | 48 | 48 | 48 |  | 2 | 2 |  | 0 |
|  |  | 04/2026  | $23084 | 23084 | CAD | 31960 | 31960 | 31960 |  | 0 | 0 |  | (108) |
|  |  | 04/2026  | 767 | 767 | GBP | 575 | 575 | 575 |  | 0 | 0 |  | (6) |
|  |  | 04/2026  | 1083 | 1083 | INR | 98705 | 98705 | 98705 |  | 0 | 0 |  | (41) |
|  |  | 04/2026  | 824 | 824 | KRW | 1258775 | 1258775 | 1258775 |  | 13 | 13 |  | 0 |
|  |  | 04/2026  | 289 | 289 | PLN | 1047 | 1047 | 1047 |  | 0 | 0 |  | (7) |
|  |  | 04/2026  | 159 | 159 | TWD | 5085 | 5085 | 5085 |  | 0 | 0 |  | 0 |
|  |  | 05/2026  | 31916 | 31916 | $ | $23084 | 23084 | 23084 |  | 108 | 108 |  | 0 |
|  |  | 05/2026  | 14200 | 14200 |  | 89 | 89 | 89 |  | 0 | 0 |  | (1) |
|  |  | 05/2026  | $1144 | 1144 | CNY | 7916 | 7916 | 7916 |  | 5 | 5 |  | 0 |
|  |  | 06/2026  | 73 | 73 |  | 500 | 500 | 500 |  | 0 | 0 |  | 0 |
|  |  | 06/2026  | 700 | 700 | IDR | 11795774 | 11795774 | 11795774 |  | 0 | 0 |  | (6) |
|  |  | 07/2026  | 754 | 754 | CNY | 5170 | 5170 | 5170 |  | 0 | 0 |  | (1) |
|  |  | 11/2026  | 97050 | 97050 | $ | $60 | 60 | 60 |  | 0 | 0 |  | (5) |
| &nbsp;&nbsp;&nbsp;&nbsp; SOG | &nbsp;&nbsp;&nbsp;&nbsp; SOG | 04/2026  | 2600 | 2600 |  | 3063 | 3063 | 3063 |  | 59 | 59 |  | (1) |
|  |  | 04/2026  | 2054796 | 2054796 |  | 13206 | 13206 | 13206 |  | 259 | 259 |  | 0 |
|  |  | 04/2026  | 3434 | 3434 | EUR | 674 | 674 | 674 |  | 0 | 0 |  | 0 |
|  |  | 04/2026  | 632 | 632 | $ | $145 | 145 | 145 |  | 2 | 2 |  | 0 |
|  |  | 04/2026  | 187 | 187 |  | 20 | 20 | 20 |  | 0 | 0 |  | 0 |
|  |  | 04/2026  | $2729 | 2729 | CNH | 18623 | 18623 | 18623 |  | 0 | 0 |  | (25) |
|  |  | 04/2026  | 15 | 15 | EGP | 735 | 735 | 735 |  | 0 | 0 |  | (2) |
|  |  | 04/2026  | 103281 | 103281 | EUR | 89497 | 89497 | 89497 |  | 166 | 166 |  | (2) |
|  |  | 04/2026  | 493 | 493 | GBP | 370 | 370 | 370 |  | 0 | 0 |  | (4) |
|  |  | 04/2026  | 72 | 72 | RON | 316 | 316 | 316 |  | 0 | 0 |  | 0 |
|  |  | 05/2026  | 89437 | 89437 | $ | $103371 | 103371 | 103371 |  | 0 | 0 |  | (162) |
|  |  | 05/2026  | $3 | 3 | CNY | 18 | 18 | 18 |  | 0 | 0 |  | 0 |
|  |  | 05/2026  | 546 | 546 | EUR | 473 | 473 | 473 |  | 1 | 1 |  | 0 |
|  |  | 05/2026  | 20 | 20 | SEK | 187 | 187 | 187 |  | 0 | 0 |  | 0 |
|  |  | 06/2026  | 1092 | 1092 | $ | $354 | 354 | 354 |  | 6 | 6 |  | 0 |
|  |  | 06/2026  | 11038 | 11038 |  | 3276 | 3276 | 3276 |  | 116 | 116 |  | 0 |
|  |  | 07/2026  | 1296 | 1296 |  | 383 | 383 | 383 |  | 12 | 12 |  | 0 |
|  |  | 07/2026  | $121 | 121 | EGP | 6125 | 6125 | 6125 |  | 0 | 0 |  | (16) |
| &nbsp;&nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp;&nbsp; SSB | 04/2026  | 21285 | 21285 | $ | $15147 | 15147 | 15147 |  | 461 | 461 |  | 0 |
|  |  | 04/2026  | 2409 | 2409 |  | 15 | 15 | 15 |  | 0 | 0 |  | 0 |
|  |  | 04/2026  | $1440 | 1440 | EUR | 1250 | 1250 | 1250 |  | 5 | 5 |  | 0 |
|  |  | 08/2026  | 11316422 | 11316422 | $ | $2967 | 2967 | 2967 |  | 0 | 0 |  | (20) |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | 04/2026  | 1219 | 1219 |  | 331 | 331 | 331 |  | 3 | 3 |  | 0 |
|  |  | 04/2026  | $28 | 28 | CZK | 595 | 595 | 595 |  | 0 | 0 |  | 0 |
|  |  | 04/2026  | 1468 | 1468 | PLN | 5309 | 5309 | 5309 |  | 0 | 0 |  | (38) |
|  |  | 05/2026  | 114 | 114 | THB | 3540 | 3540 | 3540 |  | 0 | 0 |  | (6) |
|  |  | 06/2026  | 1762 | 1762 | $ | $570 | 570 | 570 |  | 9 | 9 |  | 0 |
|  |  | 06/2026  | 1302 | 1302 |  | 73 | 73 | 73 |  | 0 | 0 |  | 0 |
|  |  | 06/2026  | $34 | 34 | COP | 128866 | 128866 | 128866 |  | 1 | 1 |  | 0 |
|  |  | 06/2026  | 1041 | 1041 | MXN | 18173 | 18173 | 18173 |  | 0 | 0 |  | (33) |
| **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** | $**9419** | **9419** | **$** | $**(3410)** | **(3410)** |
| **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** |
| **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** |
| Counterparty | Description | Description | Description |  |  | Strike<br>Price | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Cost |  | Market<br>Value |
| BOA | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | HKD | HKD | 7.800 | 08/14/2026 | 1273 | 1273 | 1273 | 2 | $ | $2 |
|  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  | 7.800 | 08/24/2026 | 1995 | 1995 | 1995 | 3 |  | 3 |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | KRW | 1400.000 | 07/09/2026 | 1117 | 1117 | 1117 | 11 |  | 3 |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  |  | 1400.000 | 07/13/2026 | 249 | 249 | 249 | 2 |  | 1 |
|  | Call - OTC USD versus SGD  | Call - OTC USD versus SGD  | Call - OTC USD versus SGD  | SGD | SGD | 1.315 | 11/05/2026 | 1378 | 1378 | 1378 | 10 |  | 5 |
| BPS | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | CZK | CZK | 24.040 | 08/13/2026 | 528 | 528 | 528 | 2 |  | 0 |
| GLM | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | HKD | HKD | 7.800 | 08/14/2026 | 312 | 312 | 312 | 0 |  | 1 |
| MBC | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  | 7.800 | 08/14/2026 | 1147 | 1147 | 1147 | 1 |  | 2 |
|  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  | 7.800 | 08/24/2026 | 597 | 597 | 597 | 1 |  | 1 |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | KRW | 1400.000 | 07/09/2026 | 2132 | 2132 | 2132 | 20 |  | 6 |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  |  | 1400.000 | 07/10/2026 | 2133 | 2133 | 2133 | 17 |  | 6 |

---

------

<br> Schedule of Investments PIMCO International Bond Portfolio (U.S. Dollar-Hedged) (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 5 | 7 | 8 | 20 | 36 | 49 | 53 | 68 | 70 | 81 | 86 | 92 | 96 | 109 | 123 | 135 | 145 | 158 | 170 | 188 | 194 | 206 | 208 | 217 |
| MYI | MYI | MYI | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | CZK | CZK | 23.900 | 23.900 | 06/02/2026 |  | 940 |  | 4 | 4 | 4 | 0 | 0 | 0 |
| **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** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **$** | **73** | **73** | **73** | $**30** | **30** | **30** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** |
| Counterparty | Counterparty | Counterparty | Description | Description | Description | Description | Description | Description | Description | Description |  |  | Strike<br>Price | Strike<br>Price | Expiration<br>Date |  | Notional<br>Amount<sup>(1)</sup> |  | Premiums<br>(Received) | Premiums<br>(Received) | Premiums<br>(Received) | Market<br>Value | Market<br>Value | Market<br>Value |
| BOA | BOA | BOA | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | HKD | HKD | 7.850 | 7.850 | 08/14/2026 |  | 1273 | $ | (1) | (1) | (1) | $(1) | (1) | (1) |
|  |  |  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  | 7.850 | 7.850 | 08/24/2026 |  | 1995 |  | (1) | (1) | (1) | (1) | (1) | (1) |
|  |  |  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | KRW | 1350.000 | 1350.000 | 07/09/2026 |  | 1117 |  | (4) | (4) | (4) | (1) | (1) | (1) |
|  |  |  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  |  | 1350.000 | 1350.000 | 07/13/2026 |  | 249 |  | (1) | (1) | (1) | 0 | 0 | 0 |
|  |  |  | Put - OTC USD versus SGD  | Put - OTC USD versus SGD  | Put - OTC USD versus SGD  | Put - OTC USD versus SGD  | Put - OTC USD versus SGD  | Put - OTC USD versus SGD  | Put - OTC USD versus SGD  | Put - OTC USD versus SGD  | SGD | SGD | 1.237 | 1.237 | 11/05/2026 |  | 1378 |  | (10) | (10) | (10) | (8) | (8) | (8) |
| GLM | GLM | GLM | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | HKD | HKD | 7.850 | 7.850 | 08/14/2026 |  | 312 |  | 0 | 0 | 0 | 0 | 0 | 0 |
| MBC | MBC | MBC | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  | 7.850 | 7.850 | 08/14/2026 |  | 1147 |  | (1) | (1) | (1) | 0 | 0 | 0 |
|  |  |  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  | 7.850 | 7.850 | 08/24/2026 |  | 597 |  | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | KRW | 1350.000 | 1350.000 | 07/09/2026 |  | 2132 |  | (6) | (6) | (6) | (2) | (2) | (2) |
|  |  |  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  |  | 1350.000 | 1350.000 | 07/10/2026 |  | 2133 |  | (5) | (5) | (5) | (2) | (2) | (2) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **$** | **(29)** | **(29)** | **(29)** | $**(15)** | **(15)** | **(15)** |
| **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:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION**<sup>(3)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(7)</sup> | <u>Swap Agreements, at Value</u><sup>(7)</sup> | <u>Swap Agreements, at Value</u><sup>(7)</sup> | <u>Swap Agreements, at Value</u><sup>(7)</sup> |
| Counterparty | Reference Entity | Reference Entity | Reference Entity | Reference Entity | Fixed <br>(Pay) Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Implied<br>Credit Spread at<br>March 31, 2026<sup>(5)</sup> | Implied<br>Credit Spread at<br>March 31, 2026<sup>(5)</sup> | Implied<br>Credit Spread at<br>March 31, 2026<sup>(5)</sup> | Notional<br>Amount<sup>(6)</sup> | Notional<br>Amount<sup>(6)</sup> | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| MYC | South Korea Government International Bonds  | South Korea Government International Bonds  | South Korea Government International Bonds  | South Korea Government International Bonds  | (1.000)% | Quarterly | Quarterly | 12/20/2029 | 12/20/2029 | 12/20/2029 | 12/20/2029 | 0.272% | 0.272% | 0.272% | $700 | 700 | $(23) | (23) | $5 | 5 | $0 | 0 | 0 | $(18) |
|  | South Korea Government International Bonds  | South Korea Government International Bonds  | South Korea Government International Bonds  | South Korea Government International Bonds  | (1.000) | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 12/20/2030 | 12/20/2030 | 0.324 | 0.324 | 0.324 | 2100 | 2100 | (77) | (77) | 15 | 15 | 0 | 0 | 0 | (62) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $(100) | (100) | $20 | 20 | $0 | 0 | 0 | $(80) |
| **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(4)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(7)</sup> | <u>Swap Agreements, at Value</u><sup>(7)</sup> | <u>Swap Agreements, at Value</u><sup>(7)</sup> | <u>Swap Agreements, at Value</u><sup>(7)</sup> |
| Counterparty | Reference Entity | Reference Entity | Reference Entity | Reference Entity | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Implied<br>Credit Spread at<br>March 31, 2026<sup>(5)</sup> | Implied<br>Credit Spread at<br>March 31, 2026<sup>(5)</sup> | Implied<br>Credit Spread at<br>March 31, 2026<sup>(5)</sup> | Notional<br>Amount<sup>(6)</sup> | Notional<br>Amount<sup>(6)</sup> | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| DUB | Petroleos Mexicanos « | Petroleos Mexicanos « | Petroleos Mexicanos « | Petroleos Mexicanos « | 4.750% | Monthly | Monthly | 07/06/2026 | 07/06/2026 | 07/06/2026 | 07/06/2026 | —◆ | —◆ | —◆ | $541 | 541 | $0 | 0 | $3 | 3 | $3 | 3 | 3 | $0 |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(4)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(7)</sup> | <u>Swap Agreements, at Value</u><sup>(7)</sup> | <u>Swap Agreements, at Value</u><sup>(7)</sup> | <u>Swap Agreements, at Value</u><sup>(7)</sup> |
| Counterparty | Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount<sup>(6)</sup> |  | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | 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  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | 5.000% | 5.000% | Quarterly | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | EUR | 100 | $ | 23 | 23 | (3) | $ | 20 | 20 | $ | 0 |
| BPS | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | 5.000 | Quarterly | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 |  | 1700 |  | 356 | 356 | (16) |  | 340 | 340 |  | 0 |
| CBK | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | 5.000 | Quarterly | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 |  | 200 |  | 45 | 45 | (5) |  | 40 | 40 |  | 0 |
| GST | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | 5.000 | Quarterly | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 |  | 600 |  | 126 | 126 | (6) |  | 120 | 120 |  | 0 |
| JPM | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | 5.000 | Quarterly | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 |  | 1700 |  | 369 | 369 | (28) |  | 341 | 341 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $919 | 919 | $(58) | (58) | $861 | 861 | 861 | $0 |
| **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | Receive | Receive | Pay | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date<sup>(8)</sup> | Maturity<br>Date<sup>(8)</sup> | Maturity<br>Date<sup>(8)</sup> | Notional Amount<br>of Currency<br>Received | Notional Amount<br>of Currency<br>Received | Notional Amount<br>of Currency<br>Received | Notional Amount<br>of Currency<br>Received |  | Notional Amount<br>of Currency<br>Delivered |  | Upfront Payable/(Receivable) | Upfront Payable/(Receivable) | Unrealized<br>Appreciation/(Depreciation) |  | Asset | Asset |  | Liability |
| &nbsp;&nbsp; CBK | &nbsp;&nbsp; CBK | Floating rate equal to 1-Day USD-SOFR less 0.450% based on the notional amount of currency received  | Floating rate equal to 1-Day USD-SOFR less 0.450% based on the notional amount of currency received  | Floating rate equal to 1-Day JPY-SOFR based on the notional amount of currency delivered | Maturity | Maturity | 03/17/2032 | 03/17/2032 | 03/17/2032 | $1211 | 1211 | 1211 | 1211 | JPY | 191400 | $ | 3 | 3 | 0 | $ | 3 | 3 | $ | 0 |
|  |  | Floating rate equal to 1-Day USD-SOFR Compounded-OIS less 0.357% based on the notional amount of currency received  | Floating rate equal to 1-Day USD-SOFR Compounded-OIS less 0.357% based on the notional amount of currency received  | Floating rate equal to 1-Day JPY-SOFR based on the notional amount of currency delivered | Maturity | Maturity | 12/16/2027 | 12/16/2027 | 12/16/2027 | 26710 | 26710 | 26710 | 26710 |  | 4006500 |  | 342 | 342 | (2) |  | 340 | 340 |  | 0 |

---

------

<br> Schedule of Investments PIMCO International Bond Portfolio (U.S. Dollar-Hedged) (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 3 | 17 | 18 | 20 | 36 | 37 | 48 | 51 | 53 | 68 | 77 | 83 | 97 | 103 | 116 | 121 | 135 | 146 | 160 | 171 | 188 | 195 | 208 | 218 |
| &nbsp;&nbsp; FAR | &nbsp;&nbsp; FAR | Floating rate equal to 1-Day USD-SOFR less 0.450% based on the notional amount of currency received  | Floating rate equal to 1-Day USD-SOFR less 0.450% based on the notional amount of currency received  | Floating rate equal to 1-Day JPY-SOFR based on the notional amount of currency delivered | Maturity | Maturity | Maturity | Maturity | 03/17/2032 | 03/17/2032 |  | 6423 | 6423 |  |  | 1014800 |  | 23 |  | 2 |  | 25 |  | 0 |
| &nbsp;&nbsp; GLM | &nbsp;&nbsp; GLM | Floating rate equal to 1-Day USD-SOFR Compounded-OIS less 0.301% based on the notional amount of currency received  | Floating rate equal to 1-Day USD-SOFR Compounded-OIS less 0.301% based on the notional amount of currency received  | Floating rate equal to 1-Day GBP-SOFR based on the notional amount of currency delivered | Maturity | Maturity | Maturity | Maturity | 10/15/2045 | 10/15/2045 |  | 5470 | 5470 | GBP | GBP | 4113 |  | (22) |  | (10) |  | 0 |  | (32) |
|  |  | Floating rate equal to 1-Day USD-SOFR Compounded-OIS less 0.315% based on the notional amount of currency received  | Floating rate equal to 1-Day USD-SOFR Compounded-OIS less 0.315% based on the notional amount of currency received  | Floating rate equal to 1-Day JPY-SOFR based on the notional amount of currency delivered | Maturity | Maturity | Maturity | Maturity | 12/16/2027 | 12/16/2027 |  | 15381 | 15381 | JPY | JPY | 2384000 |  | 10 |  | (7) |  | 3 |  | 0 |
|  |  | Floating rate equal to 1-Day USD-SOFR Compounded-OIS less 0.425% based on the notional amount of currency received  | Floating rate equal to 1-Day USD-SOFR Compounded-OIS less 0.425% based on the notional amount of currency received  | Floating rate equal to 1-Day JPY-SOFR based on the notional amount of currency delivered | Maturity | Maturity | Maturity | Maturity | 09/16/2031 | 09/16/2031 |  | 11428 | 11428 |  |  | 1680000 |  | 13 |  | 2 |  | 15 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 369 | $ | (15) | $ | 386 | $ | (32) |
| **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** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Floating Rate Index | Floating Rate Index | Floating Rate Index | Fixed Rate | Fixed Rate | Fixed Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount | Notional<br>Amount | Notional<br>Amount | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| &nbsp;&nbsp; BOA | &nbsp;&nbsp; BOA | Pay | 3-Month CNY-CNREPOFIX<sup>(2)</sup> | 3-Month CNY-CNREPOFIX<sup>(2)</sup> | 3-Month CNY-CNREPOFIX<sup>(2)</sup> | 3-Month CNY-CNREPOFIX<sup>(2)</sup> | 1.500% | 1.500% | 1.500% | Quarterly | Quarterly | 03/17/2032 | 03/17/2032 | 03/17/2032 | 19600 | 19600 | 19600 | $(25) | (25) | $3 | 3 | $0 | 0 | $(22) |
| &nbsp;&nbsp; BPS | &nbsp;&nbsp; BPS | Pay | 3-Month CNY-CNREPOFIX<sup>(2)</sup> | 3-Month CNY-CNREPOFIX<sup>(2)</sup> | 3-Month CNY-CNREPOFIX<sup>(2)</sup> | 3-Month CNY-CNREPOFIX<sup>(2)</sup> | 1.500 | 1.500 | 1.500 | Quarterly | Quarterly | 03/17/2032 | 03/17/2032 | 03/17/2032 | 168700 | 168700 | 168700 | (213) | (213) | 27 | 27 | 0 | 0 | (186) |
| &nbsp;&nbsp; JPM | &nbsp;&nbsp; JPM | Pay | 3-Month CNY-CNREPOFIX<sup>(2)</sup> | 3-Month CNY-CNREPOFIX<sup>(2)</sup> | 3-Month CNY-CNREPOFIX<sup>(2)</sup> | 3-Month CNY-CNREPOFIX<sup>(2)</sup> | 1.500 | 1.500 | 1.500 | Quarterly | Quarterly | 03/17/2032 | 03/17/2032 | 03/17/2032 | 3550 | 3550 | 3550 | (2) | (2) | (2) | (2) | 0 | 0 | (4) |
| &nbsp;&nbsp; SCX | &nbsp;&nbsp; SCX | Pay | 3-Month CNY-CNREPOFIX<sup>(2)</sup> | 3-Month CNY-CNREPOFIX<sup>(2)</sup> | 3-Month CNY-CNREPOFIX<sup>(2)</sup> | 3-Month CNY-CNREPOFIX<sup>(2)</sup> | 1.500 | 1.500 | 1.500 | Quarterly | Quarterly | 03/17/2032 | 03/17/2032 | 03/17/2032 | 3030 | 3030 | 3030 | (2) | (2) | (1) | (1) | 0 | 0 | (3) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (242) | (242) | 27 | 27 | 0 | 0 | (215) |
| **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | Pay/Receive<sup>(9)</sup> | Underlying<br>Reference | Underlying<br>Reference | Underlying<br>Reference | # of Units | # of Units | &nbsp;&nbsp; Financing Rate | &nbsp;&nbsp; Financing Rate | &nbsp;&nbsp; Financing Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount | Notional<br>Amount | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| &nbsp;&nbsp; BPS | &nbsp;&nbsp; BPS | iBoxx USD Liquid Investment Grade Index | iBoxx USD Liquid Investment Grade Index | iBoxx USD Liquid Investment Grade Index | iBoxx USD Liquid Investment Grade Index | 35736 | 35736 | &nbsp;&nbsp; 1.238% (SOFR plus a specified spread) | &nbsp;&nbsp; 1.238% (SOFR plus a specified spread) | &nbsp;&nbsp; 1.238% (SOFR plus a specified spread) | Maturity | Maturity | 09/21/2026 | 09/21/2026 | $ | $12120 | 12120 | 0 | 0 | (54) | (54) | 0 | 0 | (54) |
| &nbsp;&nbsp; CBK | &nbsp;&nbsp; CBK | SIBCSORA Index  | SIBCSORA Index  | SIBCSORA Index  | SIBCSORA Index  | N/A | N/A | &nbsp;&nbsp; 0.822% | &nbsp;&nbsp; 0.822% | &nbsp;&nbsp; 0.822% | Semi-Annual | Semi-Annual | 08/26/2026 | 08/26/2026 | SGD | 50 | 50 | 0 | 0 | 1 | 1 | 1 | 1 | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0 | 0 | (53) | (53) | 1 | 1 | (54) |
| **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** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **946** | **946** | **(76)** | **(76)** | **1251** | **1251** | **(381)** |
| <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. | 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> | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | 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>(3)</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. | 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>(4)</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. | 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>(5)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(6)</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. | 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. |

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<br> Schedule of Investments PIMCO International Bond Portfolio (U.S. Dollar-Hedged) (Cont.) March 31, 2026 (Unaudited)

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| <sup>(7)</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. |
| <sup>(8)</sup> | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. |
| <sup>(9)</sup> | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **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 2 | Level 3 | Fair Value<br>at 03/31/2026 |

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<br> Schedule of Investments PIMCO International Bond Portfolio (U.S. Dollar-Hedged) (Cont.) March 31, 2026 (Unaudited)

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| | | |
|:---|:---|:---|
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Argentina | Argentina | Argentina |
| Sovereign Issues | $142 | $142 |
| Australia | Australia | Australia |
| Corporate Bonds & Notes | 5045 | 5045 |
| Non-Agency Mortgage-Backed Securities | 0 | 5796 |
| Sovereign Issues | 15764 | 15764 |
| Belgium | Belgium | Belgium |
| Corporate Bonds & Notes | 818 | 818 |
| Bulgaria | Bulgaria | Bulgaria |
| Sovereign Issues | 1309 | 1309 |
| Canada | Canada | Canada |
| Corporate Bonds & Notes | 5673 | 5673 |
| Non-Agency Mortgage-Backed Securities | 714 | 714 |
| Sovereign Issues | 19763 | 19763 |
| Cayman Islands | Cayman Islands | Cayman Islands |
| Asset-Backed Securities | 12811 | 12811 |
| Corporate Bonds & Notes | 2393 | 2393 |
| Sovereign Issues | 405 | 405 |
| Chile | Chile | Chile |
| Sovereign Issues | 608 | 608 |
| China | China | China |
| Sovereign Issues | 48085 | 48085 |
| Colombia | Colombia | Colombia |
| Sovereign Issues | 5113 | 5113 |
| Costa Rica | Costa Rica | Costa Rica |
| Sovereign Issues | 1185 | 1185 |
| Denmark | Denmark | Denmark |
| Corporate Bonds & Notes | 1000 | 1000 |
| Egypt | Egypt | Egypt |
| Sovereign Issues | 476 | 476 |
| France | France | France |
| Corporate Bonds & Notes | 3290 | 3290 |
| Sovereign Issues | 19722 | 19722 |
| Hungary | Hungary | Hungary |
| Sovereign Issues | 313 | 313 |
| Ireland | Ireland | Ireland |
| Asset-Backed Securities | 15736 | 15736 |
| Corporate Bonds & Notes | 1171 | 1171 |
| Israel | Israel | Israel |
| Sovereign Issues | 1602 | 1602 |
| Italy | Italy | Italy |
| Corporate Bonds & Notes | 807 | 807 |
| Sovereign Issues | 1443 | 1443 |
| Japan | Japan | Japan |
| Corporate Bonds & Notes | 3030 | 3030 |
| Sovereign Issues | 26211 | 26211 |
| Kazakhstan | Kazakhstan | Kazakhstan |
| Sovereign Issues | 288 | 288 |
| Kuwait | Kuwait | Kuwait |
| Sovereign Issues | 2834 | 2834 |
| Luxembourg | Luxembourg | Luxembourg |
| Sovereign Issues | 3020 | 3020 |
| Malaysia | Malaysia | Malaysia |
| Corporate Bonds & Notes | 610 | 610 |
| Sovereign Issues | 9217 | 9217 |
| Mexico | Mexico | Mexico |
| Sovereign Issues | 405 | 405 |
| Multinational | Multinational | Multinational |
| Corporate Bonds & Notes | 213 | 213 |
| Netherlands | Netherlands | Netherlands |
| Corporate Bonds & Notes | 913 | 913 |
| New Zealand | New Zealand | New Zealand |
| Corporate Bonds & Notes | 1324 | 1324 |
| Sovereign Issues | 201 | 201 |
| Peru | Peru | Peru |
| Corporate Bonds & Notes | 592 | 592 |
| Sovereign Issues | 8829 | 8829 |
| Poland | Poland | Poland |
| Sovereign Issues | 1621 | 1621 |
| Qatar | Qatar | Qatar |
| Corporate Bonds & Notes | 264 | 264 |
| Romania | Romania | Romania |
| Sovereign Issues | 4137 | 4137 |
| Saudi Arabia | Saudi Arabia | Saudi Arabia |
| Corporate Bonds & Notes | 299 | 299 |
| Sovereign Issues | 10211 | 10211 |
| Serbia | Serbia | Serbia |
| Sovereign Issues | 1140 | 1140 |
| South Africa | South Africa | South Africa |
| Sovereign Issues | 9238 | 9238 |
| South Korea | South Korea | South Korea |
| Sovereign Issues | 10213 | 10213 |
| Spain | Spain | Spain |
| Sovereign Issues | 21183 | 21183 |
| Supranational | Supranational | Supranational |

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<br> Schedule of Investments PIMCO International Bond Portfolio (U.S. Dollar-Hedged) (Cont.) March 31, 2026 (Unaudited)

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| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 1 | 12 | 73 | 82 | 108 | 121 | 139 | 152 | 163 | 176 | 192 | 215 |
|  | Sovereign Issues | Sovereign Issues | 0 | 0 | 7961 | 7961 | 0 | 0 |  | 7961 |  |
| Switzerland | Switzerland | Switzerland | Switzerland | Switzerland | Switzerland | Switzerland | Switzerland | Switzerland | Switzerland | Switzerland |  |
|  | Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 3146 | 3146 | 0 | 0 |  | 3146 |  |
| Thailand | Thailand | Thailand | Thailand | Thailand | Thailand | Thailand | Thailand | Thailand | Thailand | Thailand |  |
|  | Sovereign Issues | Sovereign Issues | 0 | 0 | 5577 | 5577 | 0 | 0 |  | 5577 |  |
| United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates |  |
|  | Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 798 | 798 | 0 | 0 |  | 798 |  |
|  | Sovereign Issues | Sovereign Issues | 0 | 0 | 1631 | 1631 | 0 | 0 |  | 1631 |  |
| United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom |  |
|  | Asset-Backed Securities | Asset-Backed Securities | 0 | 0 | 1171 | 1171 | 0 | 0 |  | 1171 |  |
|  | Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 13658 | 13658 | 0 | 0 |  | 13658 |  |
|  | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 0 | 7132 | 7132 | 0 | 0 |  | 7132 |  |
|  | Sovereign Issues | Sovereign Issues | 0 | 0 | 20291 | 20291 | 0 | 0 |  | 20291 |  |
| United States | United States | United States | United States | United States | United States | United States | United States | United States | United States | United States |  |
|  | Asset-Backed Securities | Asset-Backed Securities | 0 | 0 | 15572 | 15572 | 0 | 0 |  | 15572 |  |
|  | Corporate Bonds & Notes | Corporate Bonds & Notes | 0 | 0 | 43260 | 43260 | 0 | 0 |  | 43260 |  |
|  | Loan Participations and Assignments | Loan Participations and Assignments | 0 | 0 | 1147 | 1147 | 0 | 0 |  | 1147 |  |
|  | Municipal Bonds & Notes | Municipal Bonds & Notes | 0 | 0 | 855 | 855 | 0 | 0 |  | 855 |  |
|  | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 0 | 29177 | 29177 | 0 | 0 |  | 29177 |  |
|  | Sovereign Issues | Sovereign Issues | 0 | 0 | 94 | 94 | 0 | 0 |  | 94 |  |
|  | U.S. Government Agencies | U.S. Government Agencies | 0 | 0 | 196550 | 196550 | 0 | 0 |  | 196550 |  |
|  | U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 0 | 44804 | 44804 | 0 | 0 |  | 44804 |  |
| 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 |  |
|  | Commercial Paper | Commercial Paper | 0 | 0 | 7628 | 7628 | 0 | 0 |  | 7628 |  |
|  | Repurchase Agreements | Repurchase Agreements | 0 | 0 | 985 | 985 | 0 | 0 |  | 985 |  |
|  | Egypt Treasury Bills | Egypt Treasury Bills | 0 | 0 | 7 | 7 | 0 | 0 |  | 7 |  |
|  | Nigeria Treasury Bills | Nigeria Treasury Bills | 0 | 0 | 1693 | 1693 | 0 | 0 |  | 1693 |  |
|  | South Africa Treasury Bills | South Africa Treasury Bills | 0 | 0 | 5055 | 5055 | 0 | 0 |  | 5055 |  |
|  | Turkey Treasury Bills | Turkey Treasury Bills | 0 | 0 | 603 | 603 | 0 | 0 |  | 603 |  |
|  | U.S. Treasury Bills | U.S. Treasury Bills | 0 | 0 | 1316 | 1316 | 0 | 0 |  | 1316 |  |
|  |  |  | $0 | 0 | $691492 | 691492 | $5796 | 5796 | $ | 697288 |  |
| **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 | $3778 | 3778 | $0 | 0 | $0 | 0 | $ | 3778 |  |
| Total Investments | Total Investments | Total Investments | $3778 | 3778 | $691492 | 691492 | $5796 | 5796 | $ | 701066 |  |
| **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**  | **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**  | **Short Sales, at Value - Liabilities**  |  |
| France | France | France | France | France | France | France | France | France | France | France |  |
|  | Sovereign Issues | Sovereign Issues | 0 | 0 | (962) | (962) | 0 | 0 |  | (962) |  |
| United States | United States | United States | United States | United States | United States | United States | United States | United States | United States | United States |  |
|  | U.S. Government Agencies | U.S. Government Agencies | 0 | 0 | (80729) | (80729) | 0 | 0 |  | (80729) |  |
|  |  |  | $0 | 0 | $(81691) | (81691) | $0 | 0 | $ | (81691) |  |
| **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 | 847 | 847 | 1999 | 1999 | 0 | 0 |  | 2846 |  |
| Over the counter | Over the counter | Over the counter | 0 | 0 | 10697 | 10697 | 3 | 3 |  | 10700 |  |
|  |  |  | $847 | 847 | $12696 | 12696 | $3 | 3 | $ | 13546 |  |
| **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 | (591) | (591) | (899) | (899) | 0 | 0 |  | (1490) |  |
| Over the counter | Over the counter | Over the counter | 0 | 0 | (3806) | (3806) | 0 | 0 |  | (3806) |  |
|  |  |  | $(591) | (591) | $(4705) | (4705) | $0 | 0 | $ | (5296) |  |
| Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | $256 | 256 | $7991 | 7991 | $3 | 3 | $ | 8250 |  |
| Totals | Totals | Totals | $4034 | 4034 | $617792 | 617792 | $5799 | 5799 | $ | 627625 |  |
| **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 | Accrued<br>Discounts/<br>(Premiums) | Accrued<br>Discounts/<br>(Premiums) | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(2)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(2)</sup> | Transfers into<br>Level 3 | Transfers into<br>Level 3 | Transfers out<br>of Level 3 | Transfers out<br>of Level 3 | Ending<br>Balance<br>at 03/31/2026 | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>03/31/2026<sup>(2)</sup> |
| **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** |
| Australia |  |  |  |  |  |  |  |  |  |  |  |
| Non-Agency Mortgage-Backed Securities | $5606 | $ | 0 | $ | 190 | $0 | 0 | $0 | 0 | $5796 | $190 |
|  | 5606 | $ | 0 | $ | 190 | $0 | 0 | $0 | 0 | $5796 | $190 |
| **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** |
| Over the counter | 8 | $ | 0 | $ | (4) | $0 | 0 | $0 | 0 | $3 | $(4) |

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<br> Schedule of Investments PIMCO International Bond Portfolio (U.S. Dollar-Hedged) (Cont.) March 31, 2026 (Unaudited)

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| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 1 | 3 | 11 | 31 | 42 | 46 | 50 | 79 | 115 | 139 | 178 | 192 | 212 | 215 |
| Totals | Totals | $5614 | 0 | $ | $ | $(1) | $0 | $186 | $0 | 0 | 5799 | $ | 186 |
| <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** |
|  |  |  |  |  |  |  |  |  |  | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Ending<br>Balance<br>at 03/31/2026 | 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; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | 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** |
| Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia | Australia |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | $5796 | 5796 | 5796 | &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 | 100.000  | 100.000  | —  | —  |
| **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** |
| Over the counter | Over the counter | Over the counter | 3 | 3 | 3 | &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 | 0.192  | 0.192  | —  | —  |
| Total | Total | Total | $5799 | 5799 | 5799 |  |  |  |  |  |  |  |  |
| <sup>(1)</sup> | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. |
| <sup>(2)</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. |

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------

Notes to Financial Statements

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

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

**(a) Investment Valuation Policies** The net asset value ("NAV") of the Portfolio's shares, or each of its share classes, as applicable, is determined by dividing the total value of portfolio investments and other assets attributable to the 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, the 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 Portfolio or its agents after the time as of which NAV has been calculated on a particular day will not generally be used to retroactively adjust the price of a security or the NAV determined earlier that day. If regular trading on the NYSE closes earlier than scheduled, the Portfolio may calculate its NAV as of the earlier closing time or calculate its NAV as of the NYSE Close for that day. The 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, the Portfolio may calculate its NAV as of the NYSE Close for such day or such other time that the 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 the 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 Portfolio will normally use pricing data for domestic equity securities received shortly after the NYSE Close and does not normally take into account trading, clearances or settlements that take place after the NYSE Close. A foreign (non-U.S.) equity security traded on a foreign exchange or on more than one exchange is typically valued using pricing information from the exchange considered by Pacific Investment Management Company LLC ("PIMCO") to be the primary exchange. If market value pricing is used, a foreign (non-U.S.) equity security will be valued as of the close of trading on the foreign exchange, or the NYSE Close, if the NYSE Close occurs before the end of trading on the foreign exchange.

Investments for which market quotations are not readily available are valued at fair value as determined in good faith pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended (the "Act"). As a general principle, the fair value of a security or other asset is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Pursuant to Rule 2a-5, the Board of Trustees has designated PIMCO as the valuation designee ("Valuation Designee") for the 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 the 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. Open-end management investment companies may include affiliated funds.

If a foreign (non-U.S.) equity security's value has materially changed after the close of the security's primary exchange or principal market but before the NYSE Close, the security may be valued at fair value. Foreign (non-U.S.) equity securities that do not trade when the NYSE is open are also valued at fair value. With respect to foreign (non-U.S.) equity securities, the 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. The 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 the Trust is not open for business, which may result in the 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 the 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 the Trust is not open for business. As a result, to the extent that the 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 the 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 the 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 the 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 the Portfolio may differ from the value that would be realized if the securities were sold. The Portfolio's use of fair valuation may also help to deter "stale price arbitrage" as discussed under the " Frequent or Excessive Purchases, Exchanges and Redemptions " section in the Portfolio's prospectus.

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

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

------

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.

In accordance with the requirements of U.S. GAAP, the amounts of transfers into and out of Level 3, if material, are disclosed in the Notes to Schedule of Investments for the 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 of the Portfolio's assets and liabilities. Additionally, U.S. GAAP requires quantitative information regarding the significant unobservable inputs used in the determination of fair value of assets or liabilities categorized as Level 3 in the fair value hierarchy. In accordance with the requirements of U.S. GAAP, a fair value hierarchy and, if material, a Level 3 reconciliation and details of significant unobservable inputs, have been included in the Notes to Schedule of Investments for the 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 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 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.

------

Notes to Financial Statements (Cont.)

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.

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

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

**2. FEDERAL INCOME TAX MATTERS**

The 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.

The 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 Portfolio's tax positions for all open tax years. As of March 31, 2026, the Portfolio has recorded no liability for net unrecognized tax benefits relating to uncertain income tax positions it has taken or expects to take in future tax returns.

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

Shares of the Portfolio currently are sold to segregated asset accounts ("Separate Accounts") of insurance companies that fund variable annuity contracts and variable life insurance policies ("Variable Contracts"). Please refer to the prospectus for the Separate Account and Variable Contract for information regarding Federal income tax treatment of distributions to the Separate Account.

**3. INVESTMENTS IN AFFILIATES** 

The 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 the Act, rules thereunder or exemptive relief therefrom. The Central Funds are registered investment companies created for use solely by the series of the Trust and other series of registered investment companies advised by the Adviser, in connection with their cash management activities. The main investments of the Central Funds are money market and short maturity fixed income instruments. The Central Funds may incur expenses related to their investment activities, but do not pay Investment Advisory Fees or Supervisory and Administrative Fees to the Adviser. The Central Funds are considered to be affiliated with the Portfolio. 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 Portfolio's website at www.pimco.com, or upon request, as applicable. The table below shows the Portfolio's transactions in and earnings from investments in the affiliated funds for the period ended March 31, 2026 (amounts in thousands<sup>†</sup>):

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **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> |
| $1661 | $57418 | $(55300) | $(1) | $0 | $3778 | $17 | $0 |

---

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

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

------

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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 | **DEU** | Deutsche Bank Securities, Inc. | **MEI** | Merrill Lynch International |
| **BOA** | Bank of America N.A. | **DUB** | Deutsche Bank AG | **MYC** | Morgan Stanley Bank, N.A. |
| **BOM** | Bank of Montreal | **FAR** | Wells Fargo Bank National Association | **MYI** | Morgan Stanley & Co. International PLC |
| **BOS** | BofA Securities, Inc. | **GLM** | Goldman Sachs Bank USA | **NGF** | Nomura Global Financial Products, Inc. |
| **BPS** | BNP Paribas S.A. | **GST** | Goldman Sachs International | **SCX** | Standard Chartered Bank, London |
| **BRC** | Barclays Bank PLC | **IND** | Crédit Agricole Corporate and Investment Bank <br> S.A. | **SGY** | Societe Generale, NY |
| **BSH** | Banco Santander S.A. - New York Branch | **JPM** | JP Morgan Chase Bank N.A. | **SOG** | Societe Generale Paris |
| **BSN** | The Bank of Nova Scotia - Toronto | **JPS** | J.P. Morgan Securities LLC | **SSB** | State Street Bank and Trust Co. |
| **CBK** | Citibank N.A. | **MBC** | HSBC Bank Plc | **UAG** | UBS AG Stamford |
| **Currency Abbreviations:** | **Currency Abbreviations:** |  |  |  |  |
| **AUD** | Australian Dollar | **HKD** | Hong Kong Dollar | **NOK** | Norwegian Krone |
| **BRL** | Brazilian Real | **HUF** | Hungarian Forint | **NZD** | New Zealand Dollar |
| **CAD** | Canadian Dollar | **IDR** | Indonesian Rupiah | **PEN** | Peruvian New Sol |
| **CHF** | Swiss Franc | **ILS** | Israeli Shekel | **PLN** | Polish Zloty |
| **CNH** | Chinese Renminbi (Offshore) | **INR** | Indian Rupee | **RON** | Romanian New Leu |
| **CNY** | Chinese Renminbi (Mainland) | **JPY** | Japanese Yen | **SEK** | Swedish Krona |
| **COP** | Colombian Peso | **KRW** | South Korean Won | **SGD** | Singapore Dollar |
| **CZK** | Czech Koruna | **KWD** | Kuwaiti Dinar | **THB** | Thai Baht |
| **DKK** | Danish Krone | **KZT** | Kazakhstani Tenge | **TRY** | Turkish New Lira |
| **EGP** | Egyptian Pound | **MXN** | Mexican Peso | **TWD** | Taiwanese Dollar |
| **EUR** | Euro | **MYR** | Malaysian Ringgit | **USD (or $)** | United States Dollar |
| **GBP** | British Pound | **NGN** | Nigerian Naira | **ZAR** | South African Rand |
| **Exchange Abbreviations:** | **Exchange Abbreviations:** |  |  |  |  |
| **CBOE** | Chicago Board Options Exchange | **OTC** | Over the Counter |  |  |
| **Index/Spread Abbreviations:** | **Index/Spread Abbreviations:** |  |  |  |  |
| **Bobl** | Bundesobligation, the German word for federal government bond | **MUTKCALM** | Tokyo Overnight Average Rate | **SRFXON3** | Swiss Overnight Rate Average (6PM) |
| **CAONREPO** | Canadian Overnight Repo Rate Average | **SIBCSORA** | Singapore Overnight Rate Average | **THOR** | Thai Overnight Baht Repurchase Rate |
| **CDX.IG** | Credit Derivatives Index - Investment <br> Grade | **SOFR** | Secured Overnight Financing Rate | **TSFR1M** | Term SOFR 1-Month |
| **CNREPOFIX** | China Fixing Repo Rates 7-Day | **SONIO** | Sterling Overnight Interbank Average Rate | **US0003M** | ICE 3-Month USD LIBOR |
| **CPI** | Consumer Price Index |  |  |  |  |
| **Other Abbreviations:** | **Other Abbreviations:** |  |  |  |  |
| **ABS** | Asset-Backed Security | **EURIBOR** | Euro Interbank Offered Rate | **PRIBOR** | Prague Interbank Offered Rate |
| **ALT** | Alternate Loan Trust | **JSC** | Joint Stock Company | **REMIC** | Real Estate Mortgage Investment Conduit |
| **BBR** | Bank Bill Rate | **KORIBOR** | Korea Interbank Offered Rate | **STIBOR** | Stockholm Interbank Offered Rate |
| **BBSW** | Bank Bill Swap Reference Rate | **MIBOR** | Mumbai Interbank Offered Rate | **TBA** | To-Be-Announced |
| **BTP** | Buoni del Tesoro Poliennali "Long-term Treasury Bond" | **NIBOR** | Norwegian Interbank Offered Rate | **TBD** | To-Be-Determined |
| **CLO** | Collateralized Loan Obligation | **OAT** | Obligations Assimilables du Trésor | **WIBOR** | Warsaw Interbank Offered Rate |
| **DAC** | Designated Activity Company | **OIS** | Overnight Index Swap |  |  |

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<br> Schedule of Investments PIMCO International Bond Portfolio (Unhedged) 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)** | **(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 102.7% ¤** |  |  |  |
| **BULGARIA 0.3%**  |  |  |  |
| **SOVEREIGN ISSUES 0.3%**  |  |  |  |
| **Bulgaria Government International Bonds** <br>3.375% due 07/18/2035 | EUR | 50 | $55 |
| Total Bulgaria (Cost $57) |  |  | 55 |
| **CHINA 9.8%**  |  |  |  |
| **SOVEREIGN ISSUES 9.8%**  |  |  |  |
| **China Development Bank**  |  |  |  |
| 2.630% due 01/08/2034  | CNY | 3750 | 574 |
| 2.820% due 05/22/2033  |  | 4140 | 640 |
| **China Government Bonds**  |  |  |  |
| 1.650% due 05/15/2035  |  | 800 | 115 |
| 2.190% due 09/25/2054  |  | 1300 | 181 |
| 3.190% due 04/15/2053  |  | 1000 | 169 |
| Total China (Cost $1,635) |  |  | 1679 |
| **COLOMBIA 1.5%**  |  |  |  |
| **SOVEREIGN ISSUES 1.5%**  |  |  |  |
| **Colombia TES**  |  |  |  |
| 11.000% due 08/22/2029  | COP | 258700 | 65 |
| 11.750% due 01/24/2035  |  | 246200 | 61 |
| 12.750% due 11/28/2040  |  | 260800 | 69 |
| 13.250% due 02/09/2033  |  | 225900 | 61 |
| Total Colombia (Cost $249) |  |  | 256 |
| **DENMARK 0.0%**  |  |  |  |
| Total Denmark (Cost $0) |  |  | 0 |
| **PERU 1.8%**  |  |  |  |
| **SOVEREIGN ISSUES 1.8%**  |  |  |  |
| **Peru Government Bonds** <br>7.300% due 08/12/2033 | PEN | 500 | 157 |
| **Peru Government International Bonds** <br>6.950% due 08/12/2031 |  | 480 | 150 |
| Total Peru (Cost $280) |  |  | 307 |
| **ROMANIA 1.0%**  |  |  |  |
| **SOVEREIGN ISSUES 1.0%**  |  |  |  |
| **Romania Government International Bonds** <br>6.375% due 09/18/2033 | EUR | 150 | 178 |
| Total Romania (Cost $180) |  |  | 178 |
| **SERBIA 0.6%**  |  |  |  |
| **SOVEREIGN ISSUES 0.6%**  |  |  |  |
| **Serbia International Bonds** <br>1.000% due 09/23/2028 | EUR | 100 | 107 |
| Total Serbia (Cost $117) |  |  | 107 |
| **SOUTH AFRICA 2.7%**  |  |  |  |
| **SOVEREIGN ISSUES 2.7%**  |  |  |  |
| **Republic of South Africa Government Bonds**  |  |  |  |
| 6.250% due 03/31/2036  | ZAR | 300 | 14 |
| 8.875% due 02/28/2035  |  | 7600 | 442 |

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<br> Schedule of Investments PIMCO International Bond Portfolio (Unhedged) (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total South Africa (Cost $432) |  | 456 |
| **THAILAND 0.2%**  |  |  |
| **SOVEREIGN ISSUES 0.2%**  |  |  |
| **Thailand Government Bonds**  |  |  |
| 2.700% due 06/17/2040  | 1000 | 30 |
| 2.980% due 06/17/2045  | 200 | 6 |
| Total Thailand (Cost $41) |  | 36 |
| **UNITED STATES 48.2%**  |  |  |
| **U.S. GOVERNMENT AGENCIES 48.2%**  |  |  |
| **Government National Mortgage Association**<br>3.500% due 02/20/2056 | $800 | 735 |
| **Government National Mortgage Association, TBA**  |  |  |
| 2.500% due 04/01/2056 | 100 | 86 |
| 3.000% due 04/01/2056 | 615 | 549 |
| 6.500% due 04/01/2056 | 800 | 831 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 4.000% due 04/01/2056 | 23 | 22 |
| 4.500% due 04/01/2056 | 880 | 849 |
| 5.000% due 04/01/2056 | 3100 | 3058 |
| 6.500% due 04/01/2056 | 2020 | 2090 |
| Total United States (Cost $8,288) |  | 8220 |
| **SHORT-TERM INSTRUMENTS 36.6%**  |  |  |
| **REPURCHASE AGREEMENTS (c) 36.3%** |  | 6200 |
| **SOUTH AFRICA TREASURY BILLS 0.1%**  |  |  |
| 7.505% due 06/17/2026 (a)(b) | 300 | 17 |
| **U.S. TREASURY BILLS 0.2%**  |  |  |
| 3.685% due 06/09/2026 (a)(b)(f) | $27 | 27 |
| Total Short-Term Instruments (Cost $6,244) |  | 6244 |
| Total Investments in Securities (Cost $17,523) |  | 17538 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 35.0%**  |  |  |
| **SHORT-TERM INSTRUMENTS 35.0%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 35.0%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 613053 | 5971 |
| Total Short-Term Instruments (Cost $5,970) |  | 5971 |
| Total Investments in Affiliates (Cost $5,970) |  | 5971 |
| Total Investments 137.7% (Cost $23,493) |  | $23509 |
| **Financial Derivative Instruments (d)(e) (1.7)**%(Cost or Premiums, net $(96)) |  | (291) |
| Other Assets and Liabilities, net (36.0)% |  | (6148) |
| Net Assets 100.0% |  | $17070 |

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<br> Schedule of Investments PIMCO International Bond Portfolio (Unhedged) (Cont.) March 31, 2026 (Unaudited)

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| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **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.** |
| **¤** | **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).** |
| **(a)** | **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.** |
| **(b)** | **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.** |
| **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** |
| **(c)** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** |
| Counterparty | Maturity<br>Date | Principal<br>Amount | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | Collateral<br>(Received) | Collateral<br>(Received) | Repurchase<br>Agreements,<br>at Value | Repurchase<br>Agreement<br>Proceeds<br>to be<br>Received<sup>(1)</sup> |
| FICC STR | 04/01/2026 | 6200 | &nbsp;&nbsp; U.S. Treasury Bonds 5.000% due 05/15/2045 | &nbsp;&nbsp; U.S. Treasury Bonds 5.000% due 05/15/2045 | &nbsp;&nbsp; U.S. Treasury Bonds 5.000% due 05/15/2045 | &nbsp;&nbsp; U.S. Treasury Bonds 5.000% due 05/15/2045 | &nbsp;&nbsp; U.S. Treasury Bonds 5.000% due 05/15/2045 | (6324) | (6324) | 6200 | $6201 |
| **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** |  |  |  |  | **(6324)** | **(6324)** | **6200** | $**6201** |
| **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 | Coupon | Maturity<br>Date | Maturity<br>Date | Principal<br>Amount | Proceeds | Proceeds | Payable for<br>Short Sales |
| United States (17.1)% | United States (17.1)% | United States (17.1)% | United States (17.1)% | United States (17.1)% | United States (17.1)% | United States (17.1)% | United States (17.1)% | United States (17.1)% | United States (17.1)% | United States (17.1)% | United States (17.1)% |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (17.1)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (17.1)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (17.1)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (17.1)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (17.1)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (17.1)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (17.1)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (17.1)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (17.1)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (17.1)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (17.1)% | &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies (17.1)% |
| &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  | 2.000% | 04/01/2041 | 04/01/2041 | 600 | $ | (557) | $(552) |
| &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  | 2.000 | 04/01/2056 | 04/01/2056 | 1750 |  | (1440) | (1410) |
| &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  | 2.500 | 04/01/2056 | 04/01/2056 | 172 |  | (148) | (145) |
| &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  | 3.000 | 04/01/2056 | 04/01/2056 | 139 |  | (125) | (122) |
| &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  | 3.500 | 04/01/2056 | 04/01/2056 | 173 |  | (159) | (159) |
| &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  | 6.000 | 04/01/2056 | 04/01/2056 | 520 |  | (533) | (530) |
| **Total Short Sales (17.1)%** | **Total Short Sales (17.1)%** | **Total Short Sales (17.1)%** | **Total Short Sales (17.1)%** | **Total Short Sales (17.1)%** |  |  |  |  | **$** | **(2962)** | $**(2918)** |
| <sup>(1)</sup> | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. |
| **(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** |
| **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** |
|  |  |  |  |  |  |  |  |  | <u>Variation Margin</u><sup>(1)</sup> | <u>Variation Margin</u><sup>(1)</sup> | <u>Variation Margin</u><sup>(1)</sup> |
| Description | Description | Expiration<br>Month | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| 3-Month EURIBOR December Futures  | 3-Month EURIBOR December Futures  | 12/2026 | 28 | $7863 | 7863 | 7863 | $(28) | (28) | 0 | 0 | 0 |
| Canada Government 10-Year Bond June Futures  | Canada Government 10-Year Bond June Futures  | 06/2026 | 9 | 776 | 776 | 776 | (16) | (16) | 3 | 3 | 0 |
| Euro-BTP Future June Futures  | Euro-BTP Future June Futures  | 06/2026 | 12 | 1613 | 1613 | 1613 | (62) | (62) | 20 | 20 | 0 |
| Euro-Buxl 30-Year Bond June Futures  | Euro-Buxl 30-Year Bond June Futures  | 06/2026 | 1 | 127 | 127 | 127 | (2) | (2) | 2 | 2 | 0 |
| Japan Government 10-Year Bond June Futures  | Japan Government 10-Year Bond June Futures  | 06/2026 | 1 | 821 | 821 | 821 | (9) | (9) | 2 | 2 | 0 |
| Long Guilt June Futures  | Long Guilt June Futures  | 06/2026 | 9 | 1046 | 1046 | 1046 | (61) | (61) | 8 | 8 | 0 |
| U.S. Treasury 5-Year Note June Futures  | U.S. Treasury 5-Year Note June Futures  | 06/2026 | 7 | 757 | 757 | 757 | (10) | (10) | 1 | 1 | 0 |
| U.S. Treasury 10-Year Note June Futures  | U.S. Treasury 10-Year Note June Futures  | 06/2026 | 1 | 111 | 111 | 111 | 0 | 0 | 0 | 0 | 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 | 14 | 1589 | 1589 | 1589 | (34) | (34) | 4 | 4 | 0 |
| U.S. Treasury Ultra Long-Term Bond June Futures  | U.S. Treasury Ultra Long-Term Bond June Futures  | 06/2026 | 5 | 583 | 583 | 583 | (16) | (16) | 1 | 1 | 0 |
|  |  |  |  |  |  |  | (238) | $ | 41 | $ | 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** |
|  |  |  |  |  |  |  |  |  | <u>Variation Margin</u><sup>(1)</sup> | <u>Variation Margin</u><sup>(1)</sup> | <u>Variation Margin</u><sup>(1)</sup> |
| Description | Description | Expiration<br>Month | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| Australia Government 3-Year Bond June Futures  | Australia Government 3-Year Bond June Futures  | 06/2026 | 4 | $(286) | (286) | (286) | $1 | 1 | 0 | 0 | (1) |
| Australia Government 10-Year Bond June Futures  | Australia Government 10-Year Bond June Futures  | 06/2026 | 8 | (595) | (595) | (595) | 0 | 0 | 0 | 0 | (6) |
| Canada Government 5-Year Bond June Futures  | Canada Government 5-Year Bond June Futures  | 06/2026 | 1 | (82) | (82) | (82) | 1 | 1 | 0 | 0 | 0 |
| Euro-Bobl June Futures  | Euro-Bobl June Futures  | 06/2026 | 8 | (1067) | (1067) | (1067) | 17 | 17 | 0 | 0 | (4) |
| Euro-Bund June Futures  | Euro-Bund June Futures  | 06/2026 | 2 | (290) | (290) | (290) | 4 | 4 | 0 | 0 | (2) |
| Euro-Oat June Futures  | Euro-Oat June Futures  | 06/2026 | 3 | (412) | (412) | (412) | 13 | 13 | 0 | 0 | (4) |
| Euro-Schatz June Futures  | Euro-Schatz June Futures  | 06/2026 | 8 | (978) | (978) | (978) | 8 | 8 | 0 | 0 | (1) |
| U.S. Treasury 2-Year Note June Futures  | U.S. Treasury 2-Year Note June Futures  | 06/2026 | 4 | (830) | (830) | (830) | 6 | 6 | 0 | 0 | (1) |
|  |  |  |  |  |  |  | 50 | $ | 0 | $ | (19) |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **(188)** | **$** | **41** | **$** | **(19)** |

---

------

<br> Schedule of Investments PIMCO International Bond Portfolio (Unhedged) (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - BUY PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Index/Tranches | Index/Tranches | Fixed <br>(Pay) Rate | Fixed <br>(Pay) Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount<sup>(3)</sup> | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value<sup>(4)</sup> | Asset |  | Liability |
| CDX.IG-45 10-Year Index  | CDX.IG-45 10-Year Index  | (1.000)% | (1.000)% | Quarterly | Quarterly | 12/20/2035 | 12/20/2035 | 226 | (2) | 1 | (1) | 0 | $ | (1) |
| CDX.IG-46 10-Year Index  | CDX.IG-46 10-Year Index  | (1.000) | (1.000) | Quarterly | Quarterly | 06/20/2036 | 06/20/2036 | 700 | 1 | (1) | 0 | 0 |  | (2) |
| CDX.IT-RAXX MAIN45  | CDX.IT-RAXX MAIN45  | (1.000) | (1.000) | Quarterly | Quarterly | 06/20/2031 | 06/20/2031 | 1300 | (19) | (2) | (21) | 0 |  | (2) |
|  |  |  |  |  |  |  |  |  | (20) | (2) | (22) | 0 | $ | (5) |
| **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>(5)</sup> | <u>Variation Margin</u><sup>(5)</sup> | <u>Variation Margin</u><sup>(5)</sup> | <u>Variation Margin</u><sup>(5)</sup> |
| Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Floating Rate Index | Fixed Rate | Fixed Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Asset | Asset | Liability |
| Pay | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 4.000% | 4.000% | Annual | Annual | 03/17/2028 | 100 | $1 | $(2) | (1) | $0 | 0 | $0 |
| Pay | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.500 | 3.500 | Annual | Annual | 03/18/2028 | 100 | 0 | (2) | (2) | 0 | 0 | 0 |
| Pay<sup>(5)</sup> | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.500 | 3.500 | Annual | Annual | 09/16/2028 | 940 | (10) | (9) | (19) | 2 | 2 | 0 |
| Pay | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.500 | 3.500 | Annual | Annual | 03/18/2031 | 100 | 0 | (4) | (4) | 0 | 0 | 0 |
| Pay<sup>(5)</sup> | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.500 | 3.500 | Annual | Annual | 09/16/2031 | 800 | (23) | (12) | (35) | 2 | 2 | 0 |
| Receive | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 4.000 | 4.000 | Annual | Annual | 03/18/2036 | 200 | 5 | 5 | 10 | 0 | 0 | (1) |
| Receive<sup>(5)</sup> | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 4.000 | 4.000 | Annual | Annual | 09/16/2036 | 350 | 12 | 6 | 18 | 0 | 0 | (2) |
| Pay<sup>(5)</sup> | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 4.500 | 4.500 | Annual | Annual | 09/16/2056 | 10 | (1) | 0 | (1) | 0 | 0 | 0 |
| Pay | 1-Day INR-MIBOR Compounded-OIS | 1-Day INR-MIBOR Compounded-OIS | 5.750 | 5.750 | Semi-Annual | Semi-Annual | 03/18/2031 | 220 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 0.750 | 0.750 | Annual | Annual | 09/17/2027 | 90000 | (4) | 1 | (3) | 0 | 0 | 0 |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | 1.000 | Annual | Annual | 03/18/2028 | 90000 | (3) | (1) | (4) | 0 | 0 | 0 |
| Receive<sup>(5)</sup> | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1.500 | 1.500 | Annual | Annual | 09/16/2028 | 375000 | 3 | 1 | 4 | 0 | 0 | (2) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | 1.000 | Annual | Annual | 09/17/2030 | 168000 | (21) | (9) | (30) | 2 | 2 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1.250 | 1.250 | Annual | Annual | 03/18/2031 | 200000 | 21 | 9 | 30 | 0 | 0 | (2) |
| Receive<sup>(5)</sup> | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1.750 | 1.750 | Annual | Annual | 09/16/2031 | 100000 | 2 | 2 | 4 | 0 | 0 | (1) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1.250 | 1.250 | Annual | Annual | 09/17/2035 | 268400 | (101) | (19) | (120) | 6 | 6 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1.500 | 1.500 | Annual | Annual | 03/18/2036 | 120000 | 34 | 10 | 44 | 0 | 0 | (3) |
| Receive<sup>(5)</sup> | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 2.000 | 2.000 | Annual | Annual | 06/17/2036 | 30000 | 2 | 2 | 4 | 0 | 0 | (1) |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 2.250 | 2.250 | Annual | Annual | 09/17/2055 | 5000 | (2) | (3) | (5) | 0 | 0 | 0 |
| Pay | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 2.500 | 2.500 | Annual | Annual | 03/18/2056 | 80000 | (35) | (19) | (54) | 0 | 0 | 0 |
| Receive<sup>(5)</sup> | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 2.750 | 2.750 | Annual | Annual | 06/17/2056 | 10000 | 2 | 2 | 4 | 0 | 0 | 0 |
| Receive | 1-Day SGD-SIBCSORA Compounded-OIS | 1-Day SGD-SIBCSORA Compounded-OIS | 1.500 | 1.500 | Semi-Annual | Semi-Annual | 03/18/2031 | 890 | 13 | 4 | 17 | 0 | 0 | (3) |
| Receive<sup>(5)</sup> | 1-Day SGD-SIBCSORA Compounded-OIS | 1-Day SGD-SIBCSORA Compounded-OIS | 1.750 | 1.750 | Semi-Annual | Semi-Annual | 09/16/2031 | 300 | 0 | 4 | 4 | 0 | 0 | (1) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.500 | 3.500 | Annual | Annual | 12/17/2027 | $600 | 3 | (5) | (2) | 0 | 0 | 0 |

---

------

<br> Schedule of Investments PIMCO International Bond Portfolio (Unhedged) (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Pay | Pay | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 03/18/2028 | 610 |  | 3 |  | (4) |  | (1) |  | 0 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2030 | 2690 |  | (54) |  | 37 |  | (17) |  | 0 |  | (3) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 03/18/2031 | 300 |  | 1 |  | 1 |  | 2 |  | 0 |  | 0 |
| Pay<sup>(5)</sup> | Pay<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/17/2031 | 200 |  | (4) |  | 1 |  | (3) |  | 0 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2035 | 1680 |  | (15) |  | 29 |  | 14 |  | 0 |  | (1) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 4.000 | Annual | 03/18/2036 | 530 |  | (11) |  | 5 |  | (6) |  | 0 |  | (1) |
| Pay<sup>(5)</sup> | Pay<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 06/17/2036 | 100 |  | (1) |  | 0 |  | (1) |  | 0 |  | 0 |
| Receive<sup>(5)</sup> | Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.988 | Annual | 11/15/2053 | 100 |  | 0 |  | 3 |  | 3 |  | 0 |  | 0 |
| Receive<sup>(5)</sup> | Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 4.010 | Annual | 11/15/2053 | 110 |  | 0 |  | 3 |  | 3 |  | 0 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2055 | 460 |  | 14 |  | 16 |  | 30 |  | 2 |  | 0 |
| Pay<sup>(5)</sup> | Pay<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 4.000 | Annual | 06/17/2056 | 100 |  | (2) |  | 0 |  | (2) |  | 0 |  | (1) |
| Receive<sup>(5)</sup> | Receive<sup>(5)</sup> | 3-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | 09/16/2031 | 200 |  | 3 |  | 0 |  | 3 |  | 0 |  | (1) |
| Pay | Pay | 3-Month KRW-KORIBOR | 2.750 | Quarterly | 03/18/2036 | 552980 |  | 4 |  | (36) |  | (32) |  | 0 |  | 0 |
| Pay<sup>(5)</sup> | Pay<sup>(5)</sup> | 3-Month MYR-KLIBOR | 3.600 | Quarterly | 03/17/2032 | 1000 |  | 1 |  | (1) |  | 0 |  | 0 |  | 0 |
| Pay | Pay | 3-Month SEK-STIBOR | 2.474 | Annual | 02/03/2030 | 1400 |  | 0 |  | (2) |  | (2) |  | 1 |  | 0 |
| Pay | Pay | 6-Month AUD-BBR-BBSW | 1.750 | Semi-Annual | 03/16/2027 | 300 |  | (6) |  | 0 |  | (6) |  | 0 |  | 0 |
| Pay | Pay | 6-Month AUD-BBR-BBSW | 3.500 | Semi-Annual | 03/18/2031 | 2540 |  | (19) |  | (90) |  | (109) |  | 15 |  | 0 |
| Receive | Receive | 6-Month AUD-BBR-BBSW | 3.750 | Semi-Annual | 03/18/2031 | 100 |  | 3 |  | 1 |  | 4 |  | 0 |  | (1) |
| Pay | Pay | 6-Month AUD-BBR-BBSW | 4.250 | Semi-Annual | 09/17/2035 | 720 |  | 0 |  | (30) |  | (30) |  | 7 |  | 0 |
| Pay | Pay | 6-Month AUD-BBR-BBSW | 4.250 | Semi-Annual | 03/18/2036 | 400 |  | (13) |  | (5) |  | (18) |  | 4 |  | 0 |
| Pay<sup>(5)</sup> | Pay<sup>(5)</sup> | 6-Month EUR-EURIBOR | 2.250 | Annual | 09/16/2028 | 5790 |  | (13) |  | (74) |  | (87) |  | 12 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 1.795 | Annual | 10/11/2029 | 200 |  | 0 |  | (6) |  | (6) |  | 1 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 1.923 | Annual | 10/11/2029 | 400 |  | 0 |  | (10) |  | (10) |  | 1 |  | 0 |
| Pay<sup>(5)</sup> | Pay<sup>(5)</sup> | 6-Month EUR-EURIBOR | 2.500 | Annual | 09/16/2031 | 2200 |  | (12) |  | (40) |  | (52) |  | 11 |  | 0 |
| Pay<sup>(5)</sup> | Pay<sup>(5)</sup> | 6-Month EUR-EURIBOR | 2.750 | Annual | 09/16/2036 | 1320 |  | (18) |  | (30) |  | (48) |  | 12 |  | 0 |
| Receive<sup>(5)</sup> | Receive<sup>(5)</sup> | 6-Month EUR-EURIBOR | 2.825 | Annual | 09/19/2055 | 200 |  | 4 |  | (5) |  | (1) |  | 0 |  | 0 |
| Receive<sup>(5)</sup> | Receive<sup>(5)</sup> | 6-Month EUR-EURIBOR | 3.000 | Annual | 09/16/2056 | 30 |  | 1 |  | 0 |  | 1 |  | 0 |  | 0 |
| Pay | Pay | CAONREPO | 2.250 | Semi-Annual | 12/17/2027 | 900 |  | (1) |  | (4) |  | (5) |  | 1 |  | 0 |
| Receive | Receive | CAONREPO | 2.500 | Semi-Annual | 12/17/2030 | 200 |  | 0 |  | 2 |  | 2 |  | 0 |  | 0 |
| Pay | Pay | CAONREPO | 2.750 | Semi-Annual | 03/18/2031 | 400 |  | 2 |  | (4) |  | (2) |  | 1 |  | 0 |
| Receive<sup>(5)</sup> | Receive<sup>(5)</sup> | CAONREPO | 2.750 | Semi-Annual | 06/17/2031 | 200 |  | 1 |  | 0 |  | 1 |  | 0 |  | 0 |
| Receive | Receive | CAONREPO | 3.000 | Semi-Annual | 09/17/2035 | 270 |  | 1 |  | 2 |  | 3 |  | 0 |  | (1) |
| Receive | Receive | CAONREPO | 2.750 | Semi-Annual | 12/17/2035 | 400 |  | 4 |  | 6 |  | 10 |  | 0 |  | (1) |
| Pay | Pay | CAONREPO | 3.000 | Semi-Annual | 03/18/2036 | 400 |  | 0 |  | (5) |  | (5) |  | 1 |  | 0 |
| Pay | Pay | CAONREPO | 2.750 | Semi-Annual | 12/17/2055 | 170 |  | (11) |  | (7) |  | (18) |  | 0 |  | 0 |
| Pay | Pay | CDX.IG-46 5-Year Index | 1.000 | Quarterly | 06/20/2031 | $9200 |  | 162 |  | 0 |  | 162 |  | 20 |  | 0 |
|  |  |  |  |  |  |  | $(78) | (78) | $(286) | (286) | $(364) | (364) | $101 | 101 | $(26) | (26) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | $**(98)** | **(98)** | $**(288)** | **(288)** | $**(386)** | **(386)** | $**101** | **101** | $**(31)** | **(31)** |
| **Cash of $727 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $727 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $727 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $727 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $727 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $727 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $727 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $727 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $727 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $727 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $727 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $727 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $727 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $727 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $727 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $727 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Cash of $727 has been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** |
| <sup>(1)</sup> | Unsettled variation margin asset of $7 for closed futures is outstanding at period end. | Unsettled variation margin asset of $7 for closed futures is outstanding at period end. | Unsettled variation margin asset of $7 for closed futures is outstanding at period end. | Unsettled variation margin asset of $7 for closed futures is outstanding at period end. | Unsettled variation margin asset of $7 for closed futures is outstanding at period end. | Unsettled variation margin asset of $7 for closed futures is outstanding at period end. | Unsettled variation margin asset of $7 for closed futures is outstanding at period end. | Unsettled variation margin asset of $7 for closed futures is outstanding at period end. | Unsettled variation margin asset of $7 for closed futures is outstanding at period end. | Unsettled variation margin asset of $7 for closed futures is outstanding at period end. | Unsettled variation margin asset of $7 for closed futures is outstanding at period end. | Unsettled variation margin asset of $7 for closed futures is outstanding at period end. | Unsettled variation margin asset of $7 for closed futures is outstanding at period end. | Unsettled variation margin asset of $7 for closed futures is outstanding at period end. | Unsettled variation margin asset of $7 for closed futures is outstanding at period end. | Unsettled variation margin asset of $7 for closed futures is outstanding at period end. |
| <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. |
| <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. |
| <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. | 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. |
| **(e)** | **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** |

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<br> Schedule of Investments PIMCO International Bond Portfolio (Unhedged) (Cont.) March 31, 2026 (Unaudited)

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **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 | 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 | 04/2026  | $898 | 1230 | 1230 | $0 | $(14) |
| &nbsp;&nbsp;&nbsp;&nbsp; BOA | 04/2026  | 3470 | $665 | 665 | 0 | (5) |
|  | 04/2026  | 24 | 18 | 18 | 0 | 0 |
|  | 04/2026  | 572 | 83 | 83 | 0 | 0 |
|  | 04/2026  | 1007 | 146 | 146 | 0 | 0 |
|  | 04/2026  | 38390 | 10 | 10 | 0 | 0 |
|  | 04/2026  | 142 | 729 | 729 | 0 | 0 |
|  | 04/2026  | 211 | $245 | 245 | 1 | 0 |
|  | 04/2026  | 3721 | 11 | 11 | 0 | 0 |
|  | 04/2026  | 321483 | 19 | 19 | 0 | 0 |
|  | 04/2026  | 186 | 60 | 60 | 1 | 0 |
|  | 04/2026  | 17898 | 12 | 12 | 0 | 0 |
|  | 04/2026  | 1182 | 66 | 66 | 1 | 0 |
|  | 04/2026  | 251 | 68 | 68 | 1 | 0 |
|  | 04/2026  | 282 | 55 | 55 | 0 | 0 |
|  | 04/2026  | 23 | $18 | 18 | 0 | 0 |
|  | 04/2026  | $665 | 3470 | 3470 | 5 | 0 |
|  | 04/2026  | 163 | 1127 | 1127 | 0 | 0 |
|  | 04/2026  | 57 | 211086 | 211086 | 1 | 0 |
|  | 04/2026  | 27 | 558 | 558 | 0 | 0 |
|  | 04/2026  | 84 | 1498 | 1498 | 0 | 0 |
|  | 04/2026  | 29 | 37 | 37 | 0 | 0 |
|  | 04/2026  | 265 | 8282 | 8282 | 0 | (14) |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | 04/2026  | 512 | $92 | 92 | 0 | (7) |
|  | 04/2026  | 344 | 50 | 50 | 0 | 0 |
|  | 04/2026  | 1703 | 246 | 246 | 0 | (1) |
|  | 04/2026  | 42141 | 11 | 11 | 0 | (1) |
|  | 04/2026  | 38 | 195 | 195 | 0 | 0 |
|  | 04/2026  | 45 | $60 | 60 | 0 | 0 |
|  | 04/2026  | 57 | 19 | 19 | 0 | 0 |
|  | 04/2026  | 29488 | 320 | 320 | 7 | 0 |
|  | 04/2026  | 24600 | 155 | 155 | 0 | 0 |
|  | 04/2026  | 81379 | 55 | 55 | 1 | 0 |
|  | 04/2026  | 192 | 114 | 114 | 3 | 0 |
|  | 04/2026  | 28 | 8 | 8 | 0 | 0 |
|  | 04/2026  | 2000 | 62 | 62 | 1 | 0 |
|  | 04/2026  | 9466 | 299 | 299 | 4 | 0 |
|  | 04/2026  | $45 | 64 | 64 | 0 | (1) |
|  | 04/2026  | 98 | 512 | 512 | 1 | 0 |
|  | 04/2026  | 197 | 1362 | 1362 | 1 | 0 |
|  | 04/2026  | 27 | 20 | 20 | 0 | 0 |
|  | 04/2026  | 317 | 5370177 | 5370177 | 0 | (1) |
|  | 04/2026  | 190 | 17883 | 17883 | 0 | 0 |
|  | 04/2026  | 18 | 26797 | 26797 | 0 | 0 |
|  | 04/2026  | 90 | 325 | 325 | 0 | (3) |
|  | 04/2026  | 0 | 1 | 1 | 0 | 0 |
|  | 04/2026  | 349 | 11046 | 11046 | 0 | (5) |
|  | 04/2026  | 146 | $9 | 9 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | 04/2026  | 1023 | 737 | 737 | 2 | 0 |
|  | 04/2026  | 718 | 104 | 104 | 0 | 0 |
|  | 04/2026  | 73 | 9 | 9 | 0 | 0 |
|  | 04/2026  | 8377 | 88 | 88 | 0 | (1) |
|  | 04/2026  | 146 | 29 | 29 | 0 | 0 |
|  | 04/2026  | 74 | $17 | 17 | 0 | 0 |
|  | 04/2026  | 15448 | 341 | 341 | 0 | (4) |
|  | 04/2026  | $58 | 400 | 400 | 0 | 0 |
|  | 04/2026  | 184 | 1262 | 1262 | 0 | (1) |
|  | 04/2026  | 12 | 37 | 37 | 0 | 0 |
|  | 04/2026  | 72 | 249 | 249 | 0 | (1) |
|  | 04/2026  | 54 | 195 | 195 | 0 | (2) |
|  | 04/2026  | 185 | 1681 | 1681 | 0 | (8) |
|  | 04/2026  | 321 | 14720 | 14720 | 3 | 0 |
|  | 04/2026  | 22 | 378 | 378 | 0 | 0 |
|  | 04/2026  | 1432 | $87 | 87 | 3 | 0 |
|  | 05/2026  | $711 | 984 | 984 | 0 | (2) |
|  | 05/2026  | 2664 | 424204 | 424204 | 17 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | 04/2026  | 700 | $123 | 123 | 0 | (12) |
|  | 04/2026  | 45 | 13 | 13 | 0 | 0 |
|  | 04/2026  | $134 | 700 | 700 | 1 | 0 |
|  | 04/2026  | 46 | 166 | 166 | 0 | (1) |
|  | 06/2026  | 113 | $33 | 33 | 1 | 0 |
|  | 06/2026  | $33 | 113 | 113 | 0 | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | 04/2026  | 53 | $37 | 37 | 1 | 0 |
|  | 04/2026  | 138 | 100 | 100 | 1 | 0 |
|  | 04/2026  | 1460 | 211 | 211 | 0 | (1) |
|  | 04/2026  | 120 | 17 | 17 | 0 | 0 |
|  | 04/2026  | 199737 | 52 | 52 | 0 | (2) |
|  | 04/2026  | 213 | 10 | 10 | 0 | 0 |
|  | 04/2026  | 1221 | 1412 | 1412 | 1 | 0 |
|  | 04/2026  | 122 | 163 | 163 | 2 | 0 |

---

------

<br> Schedule of Investments PIMCO International Bond Portfolio (Unhedged) (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 04/2026  | 29417 | 317 | 6 | 0 |
|  | 04/2026  | 20773 | 14 | 0 | 0 |
|  | 04/2026  | 212 | 12 | 0 | 0 |
|  | 04/2026  | 100 | 10 | 0 | 0 |
|  | 04/2026  | 1217 | 353 | 4 | 0 |
|  | 04/2026  | 215 | 23 | 1 | 0 |
|  | 04/2026  | 3230 | 103 | 5 | 0 |
|  | 04/2026  | $35 | 241 | 0 | 0 |
|  | 04/2026  | 495 | 45478 | 0 | (14) |
|  | 04/2026  | 1528 | 237700 | 0 | (30) |
|  | 04/2026  | 51 | 1613 | 0 | (2) |
|  | 07/2026  | 109 | $32 | 1 | 0 |
|  | 07/2026  | $128 | 878 | 0 | 0 |
|  | 07/2026  | 31 | 109 | 0 | 0 |
|  | 01/2027  | 1108 | $326 | 12 | 0 |
|  | 01/2027  | $318 | 1108 | 0 | (4) |
| &nbsp;&nbsp;&nbsp;&nbsp; CIB | 04/2026  | 40 | $29 | 1 | 0 |
|  | 04/2026  | 31 | 10 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | 04/2026  | 9149 | 10 | 0 | 0 |
|  | 04/2026  | 504 | 73 | 0 | 0 |
|  | 04/2026  | 226410 | 61 | 0 | 0 |
|  | 04/2026  | 65 | 334 | 0 | 0 |
|  | 04/2026  | 353 | $45 | 0 | 0 |
|  | 04/2026  | 125 | 40 | 1 | 0 |
|  | 04/2026  | 922 | 10 | 1 | 0 |
|  | 04/2026  | 563 | 110 | 0 | 0 |
|  | 04/2026  | $1779 | 12191 | 0 | (9) |
|  | 04/2026  | 55 | 379 | 0 | 0 |
|  | 04/2026  | 14 | 298 | 0 | 0 |
|  | 04/2026  | 2 | 102 | 0 | 0 |
|  | 04/2026  | 8 | 2754 | 0 | 0 |
|  | 04/2026  | 25 | 2294 | 0 | (1) |
|  | 04/2026  | 71 | 246 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | 04/2026  | 85 | $16 | 0 | 0 |
|  | 04/2026  | 16700 | 106 | 0 | 0 |
|  | 04/2026  | 43 | 11 | 0 | 0 |
|  | 04/2026  | 62 | 18 | 0 | 0 |
|  | 04/2026  | 88 | 17 | 0 | 0 |
|  | 04/2026  | $154 | 217 | 0 | (4) |
|  | 04/2026  | 16 | 85 | 0 | 0 |
|  | 04/2026  | 173 | 133 | 0 | (6) |
|  | 04/2026  | 1698 | 1260 | 0 | (30) |
|  | 04/2026  | 252 | 39449 | 0 | (4) |
|  | 04/2026  | 60 | 217 | 0 | (2) |
|  | 07/2026  | 62 | $18 | 1 | 0 |
|  | 07/2026  | $18 | 62 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; GLM | 04/2026  | 4838 | $891 | 0 | (43) |
|  | 04/2026  | 76 | 11 | 0 | 0 |
|  | 04/2026  | 238493 | 64 | 0 | (1) |
|  | 04/2026  | 55 | 18 | 0 | 0 |
|  | 04/2026  | $1277 | 6695 | 14 | 0 |
|  | 04/2026  | 64 | 238116 | 1 | 0 |
|  | 04/2026  | 5 | 1660 | 0 | 0 |
|  | 04/2026  | 20 | 369 | 1 | 0 |
|  | 04/2026  | 151 | 595 | 0 | (4) |
| &nbsp;&nbsp;&nbsp;&nbsp; IND | 04/2026  | 239 | $70 | 2 | 0 |
|  | 04/2026  | $7653 | 6481 | 0 | (162) |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | 04/2026  | 1636 | $237 | 0 | (1) |
|  | 04/2026  | 48 | 246 | 0 | 0 |
|  | 04/2026  | 118 | $136 | 0 | (1) |
|  | 04/2026  | 412 | 53 | 0 | 0 |
|  | 04/2026  | 432 | 5 | 0 | 0 |
|  | 04/2026  | 142 | 8 | 0 | 0 |
|  | 04/2026  | 154 | 42 | 1 | 0 |
|  | 04/2026  | 281 | 55 | 0 | 0 |
|  | 04/2026  | 302 | $240 | 5 | 0 |
|  | 04/2026  | $53 | 365 | 0 | 0 |
|  | 04/2026  | 8 | 180 | 0 | 0 |
|  | 04/2026  | 81 | 70 | 0 | 0 |
|  | 04/2026  | 24 | 8096 | 0 | 0 |
|  | 04/2026  | 10 | 31 | 0 | 0 |
|  | 04/2026  | 388 | 6944 | 0 | (1) |
|  | 04/2026  | 21 | 36 | 0 | 0 |
|  | 04/2026  | 4821 | $288 | 4 | 0 |
|  | 06/2026  | 142 | 8 | 0 | 0 |
|  | 06/2026  | $8 | 142 | 0 | 0 |
|  | 06/2026  | 18 | 300 | 0 | 0 |
|  | 06/2026  | 300 | $17 | 0 | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | 04/2026  | 176 | 121 | 0 | 0 |
|  | 04/2026  | 17 | 22 | 0 | 0 |
|  | 04/2026  | 96 | 14 | 0 | 0 |
|  | 04/2026  | 420432 | 112 | 0 | (2) |
|  | 04/2026  | 90 | 14 | 0 | 0 |
|  | 04/2026  | 570 | 657 | 1 | (3) |
|  | 04/2026  | 127 | 170 | 2 | 0 |
|  | 04/2026  | 1891691 | 111 | 0 | 0 |

---

------

<br> Schedule of Investments PIMCO International Bond Portfolio (Unhedged) (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | 04/2026  | 48478 |  | 305 | 305 |  | 1 | 1 | 1 |  | (1) |
|  |  | 04/2026  | 90640 |  | 61 | 61 |  | 1 | 1 | 1 |  | 0 |
|  |  | 04/2026  | 50 |  | 5 | 5 |  | 0 | 0 | 0 |  | 0 |
|  |  | 04/2026  | 43 |  | 12 | 12 |  | 1 | 1 | 1 |  | 0 |
|  |  | 04/2026  | 155 |  | 17 | 17 |  | 0 | 0 | 0 |  | 0 |
|  |  | 04/2026  | 8011 |  | 255 | 255 |  | 12 | 12 | 12 |  | 0 |
|  |  | 04/2026  | $11 | CHF | 9 | 9 |  | 0 | 0 | 0 |  | 0 |
|  |  | 04/2026  | 163 | DKK | 1029 | 1029 |  | 0 | 0 | 0 |  | (4) |
|  |  | 04/2026  | 136 | EUR | 117 | 117 |  | 0 | 0 | 0 |  | (1) |
|  |  | 04/2026  | 111 | IDR | 1891691 | 1891691 |  | 0 | 0 | 0 |  | 0 |
|  |  | 04/2026  | 275 | JPY | 42710 | 42710 |  | 0 | 0 | 0 |  | (6) |
|  |  | 04/2026  | 484 | KRW | 708640 | 708640 |  | 0 | 0 | 0 |  | (13) |
|  |  | 04/2026  | 103 | MXN | 1822 | 1822 |  | 0 | 0 | 0 |  | (1) |
|  |  | 04/2026  | 7 | NOK | 69 | 69 |  | 0 | 0 | 0 |  | 0 |
|  |  | 04/2026  | 18 | SGD | 23 | 23 |  | 0 | 0 | 0 |  | 0 |
|  |  | 04/2026  | 121 | THB | 3824 | 3824 |  | 0 | 0 | 0 |  | (5) |
| &nbsp;&nbsp;&nbsp;&nbsp; MYI | &nbsp;&nbsp;&nbsp;&nbsp; MYI | 04/2026  | 214 | $ | $41 | 41 |  | 0 | 0 | 0 |  | 0 |
|  |  | 04/2026  | 2 |  | 3 | 3 |  | 0 | 0 | 0 |  | 0 |
|  |  | 04/2026  | 67186 |  | 18 | 18 |  | 0 | 0 | 0 |  | 0 |
|  |  | 04/2026  | 1000 |  | 148 | 148 |  | 0 | 0 | 0 |  | (7) |
|  |  | 04/2026  | 40 |  | 10 | 10 |  | 0 | 0 | 0 |  | 0 |
|  |  | 04/2026  | 24020 |  | 760 | 760 |  | 10 | 10 | 10 |  | 0 |
|  |  | 04/2026  | $41 | BRL | 214 | 214 |  | 0 | 0 | 0 |  | 0 |
|  |  | 04/2026  | 37 | CLP | 32571 | 32571 |  | 0 | 0 | 0 |  | (2) |
|  |  | 04/2026  | 8 | ILS | 25 | 25 |  | 0 | 0 | 0 |  | 0 |
|  |  | 04/2026  | 759 | TWD | 23922 | 23922 |  | 0 | 0 | 0 |  | (13) |
| &nbsp;&nbsp;&nbsp;&nbsp; NGF | &nbsp;&nbsp;&nbsp;&nbsp; NGF | 04/2026  | 368 | $ | $8 | 8 |  | 0 | 0 | 0 |  | 0 |
|  |  | 04/2026  | $34 | NOK | 332 | 332 |  | 0 | 0 | 0 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; RBC | &nbsp;&nbsp;&nbsp;&nbsp; RBC | 04/2026  | 185 | $ | $20 | 20 |  | 1 | 1 | 1 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | &nbsp;&nbsp;&nbsp;&nbsp; SCX | 04/2026  | 44 |  | 33 | 33 |  | 1 | 1 | 1 |  | 0 |
|  |  | 04/2026  | 164 |  | 24 | 24 |  | 0 | 0 | 0 |  | 0 |
|  |  | 04/2026  | 379 |  | 55 | 55 |  | 0 | 0 | 0 |  | 0 |
|  |  | 04/2026  | 213454 |  | 56 | 56 |  | 0 | 0 | 0 |  | (2) |
|  |  | 04/2026  | 32 |  | 10 | 10 |  | 0 | 0 | 0 |  | 0 |
|  |  | 04/2026  | 9800 |  | 62 | 62 |  | 0 | 0 | 0 |  | 0 |
|  |  | 04/2026  | 105597 |  | 70 | 70 |  | 0 | 0 | 0 |  | (1) |
|  |  | 04/2026  | 34 |  | 21 | 21 |  | 1 | 1 | 1 |  | 0 |
|  |  | 04/2026  | 310 |  | 10 | 10 |  | 0 | 0 | 0 |  | 0 |
|  |  | 04/2026  | $55 | CNY | 379 | 379 |  | 0 | 0 | 0 |  | 0 |
|  |  | 04/2026  | 64 | GBP | 48 | 48 |  | 0 | 0 | 0 |  | (1) |
|  |  | 04/2026  | 50 | INR | 4573 | 4573 |  | 0 | 0 | 0 |  | (2) |
|  |  | 04/2026  | 226 | JPY | 35325 | 35325 |  | 0 | 0 | 0 |  | (4) |
|  |  | 04/2026  | 35 | KRW | 53223 | 53223 |  | 1 | 1 | 1 |  | 0 |
|  |  | 04/2026  | 20 | PLN | 72 | 72 |  | 0 | 0 | 0 |  | (1) |
|  |  | 04/2026  | 6 | TWD | 207 | 207 |  | 0 | 0 | 0 |  | 0 |
|  |  | 07/2026  | 63509 | $ | $16 | 16 |  | 0 | 0 | 0 |  | 0 |
|  |  | 07/2026  | $17 | COP | 63509 | 63509 |  | 0 | 0 | 0 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SOG | &nbsp;&nbsp;&nbsp;&nbsp; SOG | 04/2026  | 33 | $ | $23 | 23 |  | 0 | 0 | 0 |  | 0 |
|  |  | 04/2026  | 152 |  | 180 | 180 |  | 4 | 4 | 4 |  | 0 |
|  |  | 04/2026  | 1459 |  | 16 | 16 |  | 1 | 1 | 1 |  | 0 |
|  |  | 04/2026  | 3400 |  | 21 | 21 |  | 0 | 0 | 0 |  | 0 |
|  |  | 04/2026  | 535 |  | 30 | 30 |  | 0 | 0 | 0 |  | 0 |
|  |  | 04/2026  | 50 | EUR | 10 | 10 |  | 0 | 0 | 0 |  | 0 |
|  |  | 04/2026  | 179 | $ | $41 | 41 |  | 0 | 0 | 0 |  | 0 |
|  |  | 04/2026  | $111 | CNH | 757 | 757 |  | 0 | 0 | 0 |  | (1) |
|  |  | 04/2026  | 1498 | EUR | 1266 | 1266 |  | 0 | 0 | 0 |  | (35) |
|  |  | 04/2026  | 21 | HKD | 165 | 165 |  | 0 | 0 | 0 |  | 0 |
|  |  | 04/2026  | 1100 | JPY | 171123 | 171123 |  | 0 | 0 | 0 |  | (22) |
|  |  | 04/2026  | 82 | RON | 357 | 357 |  | 0 | 0 | 0 |  | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp;&nbsp; SSB | 04/2026  | 40884 | $ | $11 | 11 |  | 0 | 0 | 0 |  | 0 |
|  |  | 04/2026  | 507066 |  | 30 | 30 |  | 0 | 0 | 0 |  | 0 |
|  |  | 04/2026  | 1015 |  | 11 | 11 |  | 0 | 0 | 0 |  | 0 |
|  |  | 04/2026  | 1385 |  | 9 | 9 |  | 0 | 0 | 0 |  | 0 |
|  |  | 04/2026  | 32984 |  | 22 | 22 |  | 0 | 0 | 0 |  | 0 |
|  |  | 04/2026  | $249 | AUD | 349 | 349 |  | 0 | 0 | 0 |  | (8) |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | 04/2026  | 176850 | $ | $48 | 48 |  | 0 | 0 | 0 |  | 0 |
|  |  | 04/2026  | 22 |  | 29 | 29 |  | 0 | 0 | 0 |  | 0 |
|  |  | 04/2026  | 143 |  | 8 | 8 |  | 0 | 0 | 0 |  | 0 |
|  |  | 04/2026  | 44 |  | 12 | 12 |  | 0 | 0 | 0 |  | 0 |
|  |  | 04/2026  | $48 | COP | 176850 | 176850 |  | 0 | 0 | 0 |  | 0 |
|  |  | 04/2026  | 17 | CZK | 364 | 364 |  | 0 | 0 | 0 |  | 0 |
|  |  | 04/2026  | 15 | ILS | 47 | 47 |  | 0 | 0 | 0 |  | 0 |
|  |  | 04/2026  | 10 | INR | 908 | 908 |  | 0 | 0 | 0 |  | 0 |
|  |  | 04/2026  | 100 | PLN | 364 | 364 |  | 0 | 0 | 0 |  | (3) |
| **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** | $**158** | **158** | **158** | **$** | $**(547)** | **(547)** |
| **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** |
| **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** |
| Counterparty | Description | Description | Description |  | Strike<br>Price | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Cost | Cost |  | Market<br>Value |
| BOA | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | HKD | 7.800 | 78 | 78 | 78 | $0 | 0 | $ | $0 |
|  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  | 7.800 | 121 | 121 | 121 | 0 | 0 |  | 0 |

---

------

<br> Schedule of Investments PIMCO International Bond Portfolio (Unhedged) (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | KRW | KRW | 1400.000 | 1400.000 | 07/09/2026 |  | 46 |  | 1 | 1 | 0 | 0 |
|  |  |  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  |  |  | 1400.000 | 1400.000 | 07/13/2026 |  | 10 |  | 0 | 0 | 0 | 0 |
|  |  |  | Call - OTC USD versus SGD  | Call - OTC USD versus SGD  | Call - OTC USD versus SGD  | Call - OTC USD versus SGD  | SGD | SGD | SGD | 1.315 | 1.315 | 11/05/2026 |  | 56 |  | 0 | 0 | 0 | 0 |
| GLM | GLM | GLM | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | HKD | HKD | HKD | 7.800 | 7.800 | 08/14/2026 |  | 19 |  | 0 | 0 | 0 | 0 |
| MBC | MBC | MBC | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  |  | 7.800 | 7.800 | 08/14/2026 |  | 69 |  | 0 | 0 | 0 | 0 |
|  |  |  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  |  | 7.800 | 7.800 | 08/24/2026 |  | 36 |  | 0 | 0 | 0 | 0 |
|  |  |  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | KRW | KRW | 1400.000 | 1400.000 | 07/09/2026 |  | 87 |  | 1 | 1 | 0 | 0 |
|  |  |  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  |  |  | 1400.000 | 1400.000 | 07/10/2026 |  | 88 |  | 1 | 1 | 1 | 1 |
| MYI | MYI | MYI | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | Put - OTC EUR versus CZK  | CZK | CZK | CZK | 23.900 | 23.900 | 06/02/2026 |  | 40 |  | 0 | 0 | 0 | 0 |
| **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** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **$** | **3** | **3** | $**1** | **1** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** |
| Counterparty | Counterparty | Counterparty | Description | Description | Description | Description |  |  |  | Strike<br>Price | Strike<br>Price | Expiration<br>Date |  | Notional<br>Amount<sup>(1)</sup> |  | Premiums<br>(Received) | Premiums<br>(Received) | Market<br>Value | Market<br>Value |
| BOA | BOA | BOA | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | HKD | HKD | HKD | 7.850 | 7.850 | 08/14/2026 |  | 78 | $ | 0 | 0 | $0 | 0 |
|  |  |  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  |  | 7.850 | 7.850 | 08/24/2026 |  | 121 |  | 0 | 0 | 0 | 0 |
|  |  |  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | KRW | KRW | 1350.000 | 1350.000 | 07/09/2026 |  | 46 |  | 0 | 0 | 0 | 0 |
|  |  |  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  |  |  | 1350.000 | 1350.000 | 07/13/2026 |  | 10 |  | 0 | 0 | 0 | 0 |
|  |  |  | Put - OTC USD versus SGD  | Put - OTC USD versus SGD  | Put - OTC USD versus SGD  | Put - OTC USD versus SGD  | SGD | SGD | SGD | 1.237 | 1.237 | 11/05/2026 |  | 56 |  | (1) | (1) | (1) | (1) |
| GLM | GLM | GLM | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | HKD | HKD | HKD | 7.850 | 7.850 | 08/14/2026 |  | 19 |  | 0 | 0 | 0 | 0 |
| MBC | MBC | MBC | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  |  | 7.850 | 7.850 | 08/14/2026 |  | 69 |  | 0 | 0 | 0 | 0 |
|  |  |  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  | Call - OTC USD versus HKD  |  |  |  | 7.850 | 7.850 | 08/24/2026 |  | 36 |  | 0 | 0 | 0 | 0 |
|  |  |  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | KRW | KRW | 1350.000 | 1350.000 | 07/09/2026 |  | 87 |  | 0 | 0 | 0 | 0 |
|  |  |  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  |  |  | 1350.000 | 1350.000 | 07/10/2026 |  | 88 |  | 0 | 0 | 0 | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (1) | (1) | $(1) | (1) |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** |
| Counterparty | Counterparty | Counterparty | Floating Rate<br>Index | Floating Rate<br>Index | Pay/Receive<br>Floating Rate | Pay/Receive<br>Floating Rate | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Expiration<br>Date |  | Notional<br>Amount<sup>(1)</sup> |  | Premiums<br>(Received) | Premiums<br>(Received) | Market<br>Value | Market<br>Value |
| BOA | BOA | BOA | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | Receive | 3.620% | 3.620% | 3.620% | 04/20/2026 | 04/20/2026 |  | 100 | $ | (1) | (1) | $0 | 0 |
|  |  |  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | Pay | 3.900 | 3.900 | 3.900 | 04/20/2026 | 04/20/2026 |  | 100 |  | 0 | 0 | 0 | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (1) | (1) | $0 | 0 |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **$** | **(2)** | **(2)** | $**(1)** | **(1)** |
| **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 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> | **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 | Reference Entity | Fixed <br>(Pay) Rate | Payment<br>Frequency | Maturity<br>Date | 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) | Asset | Asset | Liability |
| MYC | South Korea Government International Bonds  | South Korea Government International Bonds  | South Korea Government International Bonds  | (1.000)% | Quarterly | 12/20/2029 | 12/20/2029 | 12/20/2029 | 0.272% | 0.272% | 0.272% | $100 | 100 | $(3) | (3) | $0 | $0 | 0 | $(3) |
|  | South Korea Government International Bonds  | South Korea Government International Bonds  | South Korea Government International Bonds  | (1.000) | Quarterly | 12/20/2030 | 12/20/2030 | 12/20/2030 | 0.324 | 0.324 | 0.324 | 100 | 100 | (4) | (4) | 1 | 0 | 0 | (3) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | $(7) | (7) | $1 | $0 | 0 | $(6) |
| **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(3)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - 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 | Reference Entity | Reference Entity | Reference Entity | Fixed <br>Receive Rate | Payment<br>Frequency | Maturity<br>Date | 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) | Asset | Asset | Liability |
| DUB | Petroleos Mexicanos « | Petroleos Mexicanos « | Petroleos Mexicanos « | 4.750% | Monthly | 07/06/2026 | 07/06/2026 | 07/06/2026 | —◆ | —◆ | —◆ | $24 | 24 | $0 | 0 | $0 | $0 | 0 | $0 |
| **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** | **CROSS-CURRENCY SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | Receive | Pay | Payment<br>Frequency | Maturity<br>Date<sup>(7)</sup> | Notional Amount<br>of Currency<br>Received | Notional Amount<br>of Currency<br>Received | Notional Amount<br>of Currency<br>Received | Notional Amount<br>of Currency<br>Received | Notional Amount<br>of Currency<br>Received |  | Notional Amount<br>of Currency<br>Delivered |  | Upfront Payable/(Receivable) | Upfront Payable/(Receivable) | Unrealized<br>Appreciation/(Depreciation) | Asset | Asset | Liability |
| &nbsp;&nbsp; CBK | &nbsp;&nbsp; CBK | Floating rate equal to 1-Day USD-SOFR Compounded-OIS less 0.357% based on the notional amount of currency received  | Floating rate equal to 1-Day JPY-SOFR based on the notional amount of currency delivered | Maturity | 12/16/2027 | $1097 | 1097 | 1097 | 1097 | 1097 | JPY | 164600 | $ | 14 | 14 | 0 | 14 | 14 | 0 |

---

------

<br> Schedule of Investments PIMCO International Bond Portfolio (Unhedged) (Cont.) March 31, 2026 (Unaudited)

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| | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; GLM | &nbsp;&nbsp; GLM | Floating rate equal to 1-Day USD-SOFR Compounded-OIS less 0.301% based on the notional amount of currency received  | Floating rate equal to 1-Day USD-SOFR Compounded-OIS less 0.301% based on the notional amount of currency received  | Floating rate equal to 1-Day GBP-SOFR based on the notional amount of currency delivered | Maturity | 10/15/2045 | 10/15/2045 |  |  |  | 227 | GBP | GBP | 171 | (1) |  | (1) | 0 |  | (2) |
|  |  | Floating rate equal to 1-Day USD-SOFR Compounded-OIS less 0.315% based on the notional amount of currency received  | Floating rate equal to 1-Day USD-SOFR Compounded-OIS less 0.315% based on the notional amount of currency received  | Floating rate equal to 1-Day JPY-SOFR based on the notional amount of currency delivered | Maturity | 12/16/2027 | 12/16/2027 |  |  |  | 652 | JPY | JPY | 101000 | 0 |  | 0 | 0 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 13 | $ | (1) | 14 | $ | (2) |
| **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>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Floating Rate Index | Fixed Rate | Fixed Rate | Payment<br>Frequency | Payment<br>Frequency | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount | Notional<br>Amount | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| &nbsp;&nbsp; BPS | &nbsp;&nbsp; BPS | Pay | 3-Month CNY-CNREPOFIX<sup>(8)</sup> | 3-Month CNY-CNREPOFIX<sup>(8)</sup> | 1.500% | 1.500% | Quarterly | Quarterly | Quarterly | Quarterly | 03/17/2032 | 03/17/2032 | 1500 | 1500 | $(1) | (1) | (1) | $0 | 0 | $(2) |
| &nbsp;&nbsp; SCX | &nbsp;&nbsp; SCX | Pay | 3-Month CNY-CNREPOFIX<sup>(8)</sup> | 3-Month CNY-CNREPOFIX<sup>(8)</sup> | 1.500 | 1.500 | Quarterly | Quarterly | Quarterly | Quarterly | 03/17/2032 | 03/17/2032 | 3100 | 3100 | (4) | (4) | 1 | 0 | 0 | (3) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (5) | (5) | 0 | 0 | 0 | (5) |
| **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** | **TOTAL RETURN SWAPS ON INDEXES** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | Pay/Receive<sup>(9)</sup> | Underlying<br>Reference | Underlying<br>Reference | # of Units | &nbsp;&nbsp; Financing Rate | &nbsp;&nbsp; Financing Rate | &nbsp;&nbsp; Financing Rate | &nbsp;&nbsp; Financing Rate | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| &nbsp;&nbsp; BPS | &nbsp;&nbsp; BPS | IBoxx USD Liquid Investment Grade Indexthis | IBoxx USD Liquid Investment Grade Indexthis | IBoxx USD Liquid Investment Grade Indexthis | &nbsp;&nbsp; 1.238% (SOFR plus a specified spread) | &nbsp;&nbsp; 1.238% (SOFR plus a specified spread) | &nbsp;&nbsp; 1.238% (SOFR plus a specified spread) | &nbsp;&nbsp; 1.238% (SOFR plus a specified spread) | Maturity | Maturity | 09/21/2026 | 09/21/2026 | $ | 520 | 0 | 0 | (2) | 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** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **1** | **1** | **(2)** | **14** | **14** | **(15)** |
| **(f)** | **Securities with an aggregate market value of $27 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 $27 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 $27 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 $27 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 $27 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 $27 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 $27 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 $27 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 $27 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 $27 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 $27 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 $27 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 $27 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 $27 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 $27 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 $27 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 $27 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 $27 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 $27 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 $27 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>◆</sup> | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. |
| <sup>(1)</sup> | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | 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. | 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. | 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 corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(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. | 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. | 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>(7)</sup> | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. | At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered. |
| <sup>(8)</sup> | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. |
| <sup>(9)</sup> | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **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**: | **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 | Category and Subcategory | Level 1 | Level 1 | 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 | Fair Value<br>at 03/31/2026 |  |

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<br> Schedule of Investments PIMCO International Bond Portfolio (Unhedged) (Cont.) March 31, 2026 (Unaudited)

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| | | | | |
|:---|:---|:---|:---|:---|
| **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** |
| Bulgaria | Bulgaria | Bulgaria | Bulgaria | Bulgaria |
| Sovereign Issues | $0 | $55 | $0 | $55 |
| China | China | China | China | China |
| Sovereign Issues | 0 | 1679 | 0 | 1679 |
| Colombia | Colombia | Colombia | Colombia | Colombia |
| Sovereign Issues | 0 | 256 | 0 | 256 |
| Peru | Peru | Peru | Peru | Peru |
| Sovereign Issues | 0 | 307 | 0 | 307 |
| Romania | Romania | Romania | Romania | Romania |
| Sovereign Issues | 0 | 178 | 0 | 178 |
| Serbia | Serbia | Serbia | Serbia | Serbia |
| Sovereign Issues | 0 | 107 | 0 | 107 |
| South Africa | South Africa | South Africa | South Africa | South Africa |
| Sovereign Issues | 0 | 456 | 0 | 456 |
| Thailand | Thailand | Thailand | Thailand | Thailand |
| Sovereign Issues | 0 | 36 | 0 | 36 |
| United States | United States | United States | United States | United States |
| U.S. Government Agencies | 0 | 8220 | 0 | 8220 |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Repurchase Agreements | 0 | 6200 | 0 | 6200 |
| South Africa Treasury Bills | 0 | 17 | 0 | 17 |
| U.S. Treasury Bills | 0 | 27 | 0 | 27 |
|  | $0 | $17538 | $0 | $17538 |
| **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 |
| Central Funds Used for Cash Management Purposes | $5971 | $0 | $0 | $5971 |
| Total Investments | $5971 | $17538 | $0 | $23509 |
| **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**  |
| United States | United States | United States | United States | United States |
| U.S. Government Agencies | $0 | $(2918) | $0 | $(2918) |
| **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 | 35 | 107 | 0 | 142 |
| Over the counter | 0 | 173 | 0 | 173 |
|  | $35 | $280 | $0 | $315 |
| **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 | (18) | (32) | 0 | (50) |
| Over the counter | 0 | (563) | 0 | (563) |
|  | $(18) | $(595) | $0 | $(613) |
| Total Financial Derivative Instruments | $17 | $(315) | $0 | $(298) |
| Totals | $5988 | $14305 | $0 | $20293 |
| **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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------

Notes to Financial Statements

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

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

**(a) Investment Valuation Policies** The net asset value ("NAV") of the Portfolio's shares, or each of its share classes, as applicable, is determined by dividing the total value of portfolio investments and other assets attributable to the 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, the 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 Portfolio or its agents after the time as of which NAV has been calculated on a particular day will not generally be used to retroactively adjust the price of a security or the NAV determined earlier that day. If regular trading on the NYSE closes earlier than scheduled, the Portfolio may calculate its NAV as of the earlier closing time or calculate its NAV as of the NYSE Close for that day. The 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, the Portfolio may calculate its NAV as of the NYSE Close for such day or such other time that the 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 the 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 Portfolio will normally use pricing data for domestic equity securities received shortly after the NYSE Close and does not normally take into account trading, clearances or settlements that take place after the NYSE Close. A foreign (non-U.S.) equity security traded on a foreign exchange or on more than one exchange is typically valued using pricing information from the exchange considered by Pacific Investment Management Company LLC ("PIMCO") to be the primary exchange. If market value pricing is used, a foreign (non-U.S.) equity security will be valued as of the close of trading on the foreign exchange, or the NYSE Close if the NYSE Close occurs before the end of trading on the foreign exchange.

Investments for which market quotations are not readily available are valued at fair value as determined in good faith pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended (the "Act"). As a general principle, the fair value of a security or other asset is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Pursuant to Rule 2a-5, the Board of Trustees has designated PIMCO as the valuation designee ("Valuation Designee") for the 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 the 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. Open-end management investment companies may include affiliated funds.

If a foreign (non-U.S.) equity security's value has materially changed after the close of the security's primary exchange or principal market but before the NYSE Close, the security may be valued at fair value. Foreign (non-U.S.) equity securities that do not trade when the NYSE is open are also valued at fair value. With respect to foreign (non-U.S.) equity securities, the 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. The 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 the Trust is not open for business, which may result in the 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 the 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 the Trust is not open for business. As a result, to the extent that the 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 the 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 the 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 the 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 the Portfolio may differ from the value that would be realized if the securities were sold. The Portfolio's use of fair valuation may also help to deter "stale price arbitrage" as discussed under the " Frequent or Excessive Purchases, Exchanges and Redemptions " section in the Portfolio's prospectus.

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

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

------

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.

In accordance with the requirements of U.S. GAAP, the amounts of transfers into and out of Level 3, if material, are disclosed in the Notes to Schedule of Investments for the 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 of the Portfolio's assets and liabilities. Additionally, U.S. GAAP requires quantitative information regarding the significant unobservable inputs used in the determination of fair value of assets or liabilities categorized as Level 3 in the fair value hierarchy. In accordance with the requirements of U.S. GAAP, a fair value hierarchy and, if material, a Level 3 reconciliation and details of significant unobservable inputs, have been included in the Notes to Schedule of Investments for the 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 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 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.

------

Notes to Financial Statements (Cont.)

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

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

**2. FEDERAL INCOME TAX MATTERS**

The 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.

The 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 Portfolio's tax positions for all open tax years. As of March 31, 2026, the Portfolio has recorded no liability for net unrecognized tax benefits relating to uncertain income tax positions it has taken or expects to take in future tax returns.

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

Shares of the Portfolio currently are sold to segregated asset accounts ("Separate Accounts") of insurance companies that fund variable annuity contracts and variable life insurance policies ("Variable Contracts"). Please refer to the prospectus for the Separate Account and Variable Contract for information regarding Federal income tax treatment of distributions to the Separate Account.

**3. INVESTMENTS IN AFFILIATES** 

The 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 the Act, rules thereunder or exemptive relief therefrom. The Central Funds are registered investment companies created for use solely by the series of the Trust and other series of registered investment companies advised by the Adviser, in connection with their cash management activities. The main investments of the Central Funds are money market and short maturity fixed income instruments. The Central Funds may incur expenses related to their investment activities, but do not pay Investment Advisory Fees or Supervisory and Administrative Fees to the Adviser. The Central Funds are considered to be affiliated with the Portfolio. 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 Portfolio's website at www.pimco.com, or upon request, as applicable. The table below shows the Portfolio's transactions in and earnings from investments in the affiliated funds for the period ended March 31, 2026 (amounts in thousands<sup>†</sup>):

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

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **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> |
| $4312 | $9361 | $(7700) | $(1) | $(1) | $5971 | $60 | $0 |

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<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 | **FAR** | Wells Fargo Bank National Association | **MYI** | Morgan Stanley & Co. International PLC |
| **BOA** | Bank of America N.A. | **FICC STR** | Fixed Income Clearing Corp. - State Street FICC <br> Repo | **NGF** | Nomura Global Financial Products, Inc. |
| **BPS** | BNP Paribas S.A. | **GLM** | Goldman Sachs Bank USA | **RBC** | Royal Bank of Canada |
| **BRC** | Barclays Bank PLC | **IND** | Crédit Agricole Corporate and Investment Bank <br> S.A. | **SCX** | Standard Chartered Bank, London |
| **BSH** | Banco Santander S.A. - New York Branch | **JPM** | JP Morgan Chase Bank N.A. | **SOG** | Societe Generale Paris |
| **CBK** | Citibank N.A. | **MBC** | HSBC Bank Plc | **SSB** | State Street Bank and Trust Co. |
| **CIB** | Canadian Imperial Bank of Commerce | **MYC** | Morgan Stanley Bank, N.A. | **UAG** | UBS AG Stamford |
| **DUB** | Deutsche Bank AG |  |  |  |  |
| **Currency Abbreviations:** | **Currency Abbreviations:** |  |  |  |  |
| **AUD** | Australian Dollar | **GBP** | British Pound | **NZD** | New Zealand Dollar |
| **BRL** | Brazilian Real | **HKD** | Hong Kong Dollar | **PEN** | Peruvian New Sol |
| **CAD** | Canadian Dollar | **HUF** | Hungarian Forint | **PLN** | Polish Zloty |
| **CHF** | Swiss Franc | **IDR** | Indonesian Rupiah | **RON** | Romanian New Leu |
| **CLP** | Chilean Peso | **ILS** | Israeli Shekel | **SEK** | Swedish Krona |
| **CNH** | Chinese Renminbi (Offshore) | **INR** | Indian Rupee | **SGD** | Singapore Dollar |
| **CNY** | Chinese Renminbi (Mainland) | **JPY** | Japanese Yen | **THB** | Thai Baht |
| **COP** | Colombian Peso | **KRW** | South Korean Won | **TRY** | Turkish New Lira |
| **CZK** | Czech Koruna | **MXN** | Mexican Peso | **TWD** | Taiwanese Dollar |
| **DKK** | Danish Krone | **MYR** | Malaysian Ringgit | **USD (or $)** | United States Dollar |
| **EGP** | Egyptian Pound | **NOK** | Norwegian Krone | **ZAR** | South African Rand |
| **EUR** | Euro |  |  |  |  |
| **Exchange Abbreviations:** | **Exchange Abbreviations:** |  |  |  |  |
| **OTC** | Over the Counter |  |  |  |  |
| **Index/Spread Abbreviations:** | **Index/Spread Abbreviations:** |  |  |  |  |
| **Bobl** | Bundesobligation, the German word for federal government bond | **CNREPOFIX** | China Fixing Repo Rates 7-Day | **SOFR** | Secured Overnight Financing Rate |
| **CAONREPO** | Canadian Overnight Repo Rate Average | **MUTKCALM** | Tokyo Overnight Average Rate | **SONIO** | Sterling Overnight Interbank Average Rate |
| **CDX.IG** | Credit Derivatives Index - Investment <br> Grade | **SIBCSORA** | Singapore Overnight Rate Average |  |  |
| **Other Abbreviations:** | **Other Abbreviations:** |  |  |  |  |
| **BBR** | Bank Bill Rate | **KLIBOR** | Kuala Lumpur Interbank Offered Rate | **OIS** | Overnight Index Swap |
| **BBSW** | Bank Bill Swap Reference Rate | **KORIBOR** | Korea Interbank Offered Rate | **STIBOR** | Stockholm Interbank Offered Rate |
| **BTP** | Buoni del Tesoro Poliennali "Long-term Treasury Bond" | **MIBOR** | Mumbai Interbank Offered Rate | **TBA** | To-Be-Announced |
| **EURIBOR** | Euro Interbank Offered Rate | **Oat** | Obligations Assimilables du Trésor |  |  |

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<br> Schedule of Investments PIMCO Long-Term U.S. Government Portfolio 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 176.1% ¤** |  |  |
| **CORPORATE BONDS & NOTES 1.1%**  |  |  |
| **INDUSTRIALS 1.1%**  |  |  |
| **Beignet Investor LLC** <br>6.581% due 05/30/2049 | $4580 | $4713 |
| **Vessel Management Services, Inc.** <br>3.432% due 08/15/2036 | 332 | 302 |
| Total Corporate Bonds & Notes (Cost $4,912) |  | 5015 |
| **U.S. GOVERNMENT AGENCIES 24.0%**  |  |  |
| **Federal Home Loan Mortgage Corp.**  |  |  |
| 6.500% due 04/01/2055 | 72 | 74 |
| 7.000% due 12/01/2031 | 1 | 1 |
| **Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates**<br>2.937% due 07/25/2054 ~ | 1212 | 1177 |
| **Federal Home Loan Mortgage Corp. REMICS**  |  |  |
| 1.912% due 12/15/2042 •  | 248 | 214 |
| 3.000% due 04/15/2053 | 1244 | 964 |
| 3.500% due 01/15/2048 | 667 | 617 |
| 3.977% due 10/15/2043 •  | 649 | 637 |
| 4.000% due 06/15/2032 - 09/15/2044 | 3841 | 3675 |
| 4.187% due 01/15/2033 •  | 1 | 1 |
| 5.500% due 02/15/2034 | 65 | 67 |
| **Federal Home Loan Mortgage Corp. Structured Pass-Through Certificates**  |  |  |
| 3.808% due 03/25/2036 ~ | 125 | 122 |
| 4.539% due 01/25/2036 ~ | 102 | 100 |
| 5.059% due 10/25/2044 •  | 200 | 185 |
| **Federal National Mortgage Association**  |  |  |
| 2.500% due 11/01/2046 | 99 | 85 |
| 3.580% due 08/01/2030 | 1700 | 1659 |
| 3.600% due 02/01/2040 | 1115 | 1052 |
| 4.000% due 08/01/2048 | 4 | 4 |
| 5.833% due 01/01/2033 •  | 2 | 2 |
| **Federal National Mortgage Association REMICS**  |  |  |
| 3.000% due 09/25/2046 | 2264 | 1721 |
| 3.842% due 07/25/2037 •  | 2 | 2 |
| 4.250% due 05/25/2037 | 112 | 101 |
| 5.000% due 04/25/2032 - 08/25/2033 | 87 | 88 |
| 5.500% due 12/25/2035 | 27 | 28 |
| 6.500% due 07/25/2031 | 8 | 8 |
| **Government National Mortgage Association REMICS**  |  |  |
| 3.500% due 01/20/2044 | 643 | 601 |
| 6.000% due 08/20/2033 | 190 | 190 |
| **Government National Mortgage Association, TBA**  |  |  |
| 4.000% due 04/01/2056 | 7300 | 6839 |
| 4.500% due 06/01/2040 | 1700 | 1640 |
| **Resolution Funding Corp. Interest STRIPS**<br>0.000% due 10/15/2028 (a) | 600 | 545 |
| **Tennessee Valley Authority Principal STRIPS**<br>0.000% due 05/01/2030 (b) | 800 | 677 |
| **U.S. Small Business Administration**<br>5.290% due 12/01/2027 | 8 | 8 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 3.500% due 04/01/2056 | 500 | 458 |
| 4.000% due 04/01/2056 - 06/01/2056 | 24500 | 23115 |
| 5.000% due 04/01/2056 - 05/01/2056 | 23500 | 23161 |
| 6.000% due 06/01/2056 | 35100 | 35728 |
| Total U.S. Government Agencies (Cost $107,047) |  | 105546 |
| **U.S. TREASURY OBLIGATIONS 136.5%**  |  |  |
| **U.S. Treasury Bonds**  |  |  |
| 1.125% due 05/15/2040 | 12820 | 8080 |
| 1.125% due 08/15/2040 (e) | 94680 | 59057 |
| 1.375% due 11/15/2040 (e) | 21220 | 13676 |
| 1.750% due 08/15/2041 | 3300 | 2207 |
| 1.875% due 02/15/2051 | 2650 | 1472 |
| 2.000% due 11/15/2041 | 7900 | 5466 |
| 2.000% due 02/15/2050 (e) | 36908 | 21496 |
| 2.250% due 05/15/2041 (e) | 14200 | 10354 |
| 2.250% due 08/15/2049 | 4000 | 2489 |
| 2.250% due 02/15/2052 | 400 | 241 |
| 2.375% due 02/15/2042 | 6500 | 4739 |

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<br> Schedule of Investments PIMCO Long-Term U.S. Government Portfolio (Cont.) March 31, 2026 (Unaudited)

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| | | |
|:---|:---|:---|
| 2.500% due 02/15/2045 | 450 | 316 |
| 2.500% due 02/15/2046 | 3680 | 2540 |
| 2.750% due 11/15/2042 | 5600 | 4261 |
| 2.750% due 11/15/2047 | 9400 | 6633 |
| 2.875% due 05/15/2049 (g) | 1550 | 1102 |
| 2.875% due 05/15/2052 | 400 | 278 |
| 3.000% due 11/15/2044 | 540 | 414 |
| 3.000% due 05/15/2045 | 470 | 358 |
| 3.000% due 11/15/2045 | 10100 | 7638 |
| 3.000% due 02/15/2047 | 4650 | 3466 |
| 3.000% due 05/15/2047 | 1100 | 818 |
| 3.000% due 08/15/2048 (e) | 23180 | 17018 |
| 3.000% due 02/15/2049 (e) | 65070 | 47544 |
| 3.000% due 08/15/2052 | 13900 | 9885 |
| 3.125% due 11/15/2041 (e) | 25610 | 20966 |
| 3.125% due 08/15/2044 | 440 | 345 |
| 3.125% due 05/15/2048 | 7330 | 5518 |
| 3.250% due 05/15/2042 | 1000 | 824 |
| 3.375% due 08/15/2042 | 11300 | 9443 |
| 3.375% due 11/15/2048 (e) | 47900 | 37551 |
| 3.625% due 08/15/2043 | 2400 | 2050 |
| 3.625% due 05/15/2053 (e) | 21300 | 17084 |
| 3.875% due 05/15/2043 (e) | 15600 | 13831 |
| 4.000% due 11/15/2042 (e) | 17400 | 15750 |
| 4.000% due 11/15/2052 (e) | 73040 | 62772 |
| 4.125% due 08/15/2044 | 8000 | 7260 |
| 4.375% due 05/15/2041 | 9920 | 9558 |
| 4.375% due 08/15/2043 | 8800 | 8309 |
| 4.500% due 11/15/2054 | 3000 | 2803 |
| 4.625% due 05/15/2044 | 7500 | 7276 |
| 4.625% due 11/15/2045 (e) | 2600 | 2508 |
| 4.625% due 05/15/2054 | 1500 | 1431 |
| 4.625% due 02/15/2055 (e) | 14400 | 13738 |
| 4.750% due 02/15/2041 | 2690 | 2706 |
| 4.750% due 11/15/2043 (e) | 22710 | 22444 |
| 4.875% due 08/15/2045 (e) | 3460 | 3449 |
| **U.S. Treasury Inflation Protected Securities (c)** |  |  |
| 0.625% due 07/15/2032  | 7499 | 7078 |
| 1.125% due 01/15/2033  | 8494 | 8184 |
| 1.750% due 01/15/2034 (e)(g) | 11003 | 10961 |
| 1.875% due 07/15/2034 (e) | 622 | 625 |
| 2.125% due 01/15/2035  | 1031 | 1048 |
| **U.S. Treasury Notes**  |  |  |
| 1.500% due 11/30/2028 (e)(g) | 5800 | 5462 |
| 2.375% due 03/31/2029 | 7300 | 7002 |
| 2.875% due 08/15/2028 (e) | 100 | 98 |
| 3.250% due 06/30/2029 | 6300 | 6187 |
| 3.625% due 03/31/2030 (e) | 200 | 198 |
| 3.750% due 05/31/2030 (e) | 200 | 199 |
| 3.750% due 06/30/2030 (e) | 400 | 397 |
| 3.875% due 09/30/2029 (e) | 15900 | 15904 |
| 4.125% due 10/31/2029 (e) | 100 | 101 |
| 4.125% due 08/31/2030 (e) | 400 | 403 |
| 4.250% due 08/15/2035 (e) | 2900 | 2890 |
| 4.625% due 09/30/2028 (e) | 200 | 204 |
| 4.625% due 09/30/2030 (e) | 300 | 308 |
| 4.875% due 10/31/2030 (e) | 300 | 312 |
| **U.S. Treasury STRIPS**  |  |  |
| 0.000% due 02/15/2033 (a) | 1700 | 1280 |
| 0.000% due 05/15/2034 (a) | 500 | 354 |
| 0.000% due 08/15/2034 (a) | 1270 | 888 |
| 0.000% due 08/15/2035 (a) | 25270 | 16810 |
| 0.000% due 08/15/2036 (a) | 18000 | 11343 |
| 0.000% due 11/15/2036 (a) | 2700 | 1679 |
| 0.000% due 05/15/2041 (a) | 10 | 5 |
| 0.000% due 08/15/2041 (a) | 20 | 10 |
| 0.000% due 11/15/2041 (a) | 260 | 120 |
| 0.000% due 05/15/2042 (a) | 320 | 144 |
| 0.000% due 08/15/2042 (a) | 80 | 35 |
| 0.000% due 11/15/2042 (a) | 20 | 9 |
| Total U.S. Treasury Obligations (Cost $720,179) |  | 599402 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 4.3%**  |  |  |
| **Ashford Hospitality Trust** <br>4.745% due 04/15/2035 •  | 51 | 51 |
| **Atrium Hotel Portfolio Trust** <br>4.900% due 12/15/2036 •  | 330 | 326 |
| **Bank** <br>4.046% due 03/15/2061 ~ | 500 | 496 |
| **BBCMS Mortgage Trust** <br>5.015% due 09/15/2058 | 900 | 911 |
| **Bear Stearns ARM Trust** <br>6.000% due 04/25/2033 ~ | 4 | 4 |
| **Benchmark Mortgage Trust**  |  |  |
| 4.016% due 03/15/2052  | 2300 | 2251 |

---

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<br> Schedule of Investments PIMCO Long-Term U.S. Government Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.926% due 03/15/2057  | 800 | 826 |
| **CHL Mortgage Pass-Through Trust** <br>4.433% due 03/25/2035 •  | 23 | 21 |
| **COMM Mortgage Trust** <br>3.140% due 10/10/2036 | 1700 | 1649 |
| **Countrywide Alternative Loan Trust** <br>4.213% due 05/25/2035 •  | 11 | 11 |
| **Credit Suisse First Boston Mortgage Securities Corp.** <br>5.461% due 11/25/2032 ~ | 1 | 1 |
| **CSMC Trust** <br>5.187% due 07/15/2038 •  | 865 | 769 |
| **DBWF Mortgage Trust** <br>3.791% due 12/10/2036 | 2100 | 2077 |
| **HarborView Mortgage Loan Trust** <br>4.231% due 05/19/2035 •  | 10 | 10 |
| **Hilton USA Trust** <br>3.719% due 11/05/2038 | 2100 | 2089 |
| **Impac CMB Trust** <br>5.382% due 09/25/2034 þ | 51 | 59 |
| **JP Morgan Chase Commercial Mortgage Securities Trust** <br>5.170% due 12/15/2031 •  | 221 | 220 |
| **JP Morgan Mortgage Trust**  |  |  |
| 4.693% due 12/25/2049 •  | 11 | 11 |
| 5.818% due 07/25/2035 ~  | 10 | 10 |
| **Natixis Commercial Mortgage Securities Trust** <br>3.885% due 08/15/2038 | 500 | 486 |
| **New Residential Mortgage Loan Trust**  |  |  |
| 2.750% due 07/25/2059 ~  | 51 | 49 |
| 2.750% due 11/25/2059 ~  | 222 | 213 |
| **PMT Loan Trust** <br>5.021% due 02/25/2057 •  | 1000 | 1003 |
| **RALI Trust** <br>6.000% due 06/25/2036 | 14 | 11 |
| **Sequoia Mortgage Trust**  |  |  |
| 4.490% due 07/20/2033 •  | 8 | 8 |
| 5.172% due 04/25/2056 •  | 1300 | 1303 |
| **SFO Commercial Mortgage Trust** <br>4.937% due 05/15/2038 •  | 1000 | 999 |
| **Structured Adjustable Rate Mortgage Loan Trust** <br>4.233% due 05/25/2037 •  | 27 | 25 |
| **Structured Asset Mortgage Investments Trust**  |  |  |
| 4.451% due 09/19/2032 •  | 3 | 3 |
| 4.631% due 10/19/2033 •  | 6 | 6 |
| **Towd Point Mortgage Trust** <br>3.100% due 01/25/2060 ~ | 600 | 553 |
| **VNDO Trust** <br>3.805% due 01/10/2035 | 1900 | 1897 |
| **WaMu Mortgage Pass-Through Certificates Trust**  |  |  |
| 4.859% due 08/25/2046 •  | 46 | 43 |
| 5.359% due 10/25/2046 •  | 17 | 16 |
| **Washington Mutual MSC Mortgage Pass-Through Certificates Trust**  |  |  |
| 4.999% due 05/25/2033 ~  | 4 | 4 |
| **Worldwide Plaza Trust** <br>3.526% due 11/10/2036 | 300 | 240 |
| Total Non-Agency Mortgage-Backed Securities (Cost $19,160) |  | 18651 |
| **ASSET-BACKED SECURITIES 0.8%**  |  |  |
| **AUTOMOBILE SEQUENTIAL 0.2%**  |  |  |
| **Hertz Vehicle Financing LLC** <br>2.330% due 06/26/2028 | 700 | 685 |
| **HOME EQUITY OTHER 0.1%**  |  |  |
| **Bear Stearns Asset-Backed Securities Trust** <br>4.793% due 11/25/2042 •  | 7 | 7 |
| **MASTR Asset-Backed Securities Trust** <br>4.618% due 10/25/2034 •  | 273 | 269 |
| **Merrill Lynch Mortgage Investors Trust** <br>4.723% due 07/25/2035 •  | 255 | 257 |
| **Renaissance Home Equity Loan Trust** <br>3.723% due 08/25/2033 •  | 2 | 2 |
|  |  | 535 |
| **OTHER ABS 0.5%**  |  |  |
| **Dell Equipment Finance Trust** <br>4.680% due 07/22/2027 | 911 | 912 |
| **ECMC Group Student Loan Trust** <br>4.526% due 02/27/2068 •  | 106 | 105 |

---

------

<br> Schedule of Investments PIMCO Long-Term U.S. Government Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Nelnet Student Loan Trust** <br>4.610% due 02/21/2061 | 1247 | 1232 |
|  |  | 2249 |
| Total Asset-Backed Securities (Cost $3,499) |  | 3469 |
| **SHORT-TERM INSTRUMENTS 9.4%**  |  |  |
| **REPURCHASE AGREEMENTS (d) 9.4%** |  | 41200 |
| Total Short-Term Instruments (Cost $41,200) |  | 41200 |
| Total Investments in Securities (Cost $895,997) |  | 773283 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 0.4%**  |  |  |
| **SHORT-TERM INSTRUMENTS 0.4%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 0.4%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 188435 | 1835 |
| Total Short-Term Instruments (Cost $1,835) |  | 1835 |
| Total Investments in Affiliates (Cost $1,835) |  | 1835 |
| Total Investments 176.5% (Cost $897,832) |  | $775118 |
| **Financial Derivative Instruments (f)(h) (0.1)**%(Cost or Premiums, net $150) |  | (340) |
| Other Assets and Liabilities, net (76.4)% |  | (335665) |
| Net Assets 100.0% |  | $439113 |

---

------

<br> Schedule of Investments PIMCO Long-Term U.S. Government Portfolio (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.** |
| **~** | **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.** |
| **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.** |
| **(a)** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** |
| **(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.** |
| **(c)** | **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.** |
| **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** |
| **(d)** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** |
| Counterparty | Maturity<br>Date | Principal<br>Amount | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | Collateral<br>(Received) | Collateral<br>(Received) | Collateral<br>(Received) | Repurchase<br>Agreements,<br>at Value | Repurchase<br>Agreements,<br>at Value | Repurchase<br>Agreement<br>Proceeds<br>to be<br>Received<sup>(1)</sup> |
| SAL | 04/02/2026 | 41200 | &nbsp;&nbsp; U.S. Treasury Notes 3.625% due 03/31/2028 | &nbsp;&nbsp; U.S. Treasury Notes 3.625% due 03/31/2028 | &nbsp;&nbsp; U.S. Treasury Notes 3.625% due 03/31/2028 | &nbsp;&nbsp; U.S. Treasury Notes 3.625% due 03/31/2028 | $(42060) | (42060) | (42060) | 41200 | 41200 | $41200 |
| **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** |  |  |  |  | $**(42060)** | **(42060)** | **(42060)** | **41200** | **41200** | $**41200** |
| **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 | Borrowing Rate<sup>(2)</sup> | Borrowing Rate<sup>(2)</sup> | Borrowing Date | Maturity Date | Maturity Date | Amount<br>Borrowed<sup>(2)</sup> | Amount<br>Borrowed<sup>(2)</sup> | Amount<br>Borrowed<sup>(2)</sup> | Amount<br>Borrowed<sup>(2)</sup> | Payable for<br>Sale-Buyback<br>Transactions<sup>(3)</sup> | Payable for<br>Sale-Buyback<br>Transactions<sup>(3)</sup> |
| BCY | BCY | 3.770%  | 3.770%  | 03/12/2026 | 04/16/2026 | 04/16/2026 | $(3891) | (3891) | (3891) | (3891) | $(3899) | (3899) |
|  |  | 3.770  | 3.770  | 03/27/2026 | 04/06/2026 | 04/06/2026 | (624) | (624) | (624) | (624) | (624) | (624) |
|  |  | 3.780  | 3.780  | 03/13/2026 | 04/06/2026 | 04/06/2026 | (2417) | (2417) | (2417) | (2417) | (2421) | (2421) |
| BPS | BPS | 3.770  | 3.770  | 03/18/2026 | 04/22/2026 | 04/22/2026 | (2030) | (2030) | (2030) | (2030) | (2033) | (2033) |
| MSC | MSC | 3.780  | 3.780  | 04/02/2026 | 04/06/2026 | 04/06/2026 | (182495) | (182495) | (182495) | (182495) | (182495) | (182495) |
|  |  | 3.800  | 3.800  | 04/01/2026 | 04/02/2026 | 04/02/2026 | (245171) | (245171) | (245171) | (245171) | (245171) | (245171) |
| TDM | TDM | 3.770  | 3.770  | 03/19/2026 | 04/09/2026 | 04/09/2026 | (1213) | (1213) | (1213) | (1213) | (1215) | (1215) |
| UBS | UBS | 3.770  | 3.770  | 03/09/2026 | 04/09/2026 | 04/09/2026 | (88223) | (88223) | (88223) | (88223) | (88436) | (88436) |
|  |  | 3.770  | 3.770  | 03/23/2026 | 04/22/2026 | 04/22/2026 | (63223) | (63223) | (63223) | (63223) | (63283) | (63283) |
|  |  | 3.770  | 3.770  | 03/27/2026 | 05/04/2026 | 05/04/2026 | (52027) | (52027) | (52027) | (52027) | (52054) | (52054) |
| **Total Sale-Buyback Transactions** | **Total Sale-Buyback Transactions** |  |  |  |  |  |  |  |  |  | $**(641631)** | **(641631)** |
| **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 | Maturity<br>Date | Principal<br>Amount | Principal<br>Amount | Principal<br>Amount | Proceeds | Proceeds | Proceeds | Payable for<br>Short Sales |
| U.S. Government Agencies (1.0)% | U.S. Government Agencies (1.0)% | U.S. Government Agencies (1.0)% | U.S. Government Agencies (1.0)% | U.S. Government Agencies (1.0)% | U.S. Government Agencies (1.0)% | U.S. Government Agencies (1.0)% | U.S. Government Agencies (1.0)% | U.S. Government Agencies (1.0)% | U.S. Government Agencies (1.0)% | U.S. Government Agencies (1.0)% | U.S. Government Agencies (1.0)% | U.S. Government Agencies (1.0)% |
| &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  | 05/01/2056 | $ | 100 | 100 | $ | (84) | (84) | $(84) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uniform Mortgage-Backed Security, TBA  | 04/01/2056 |  | 4500 | 4500 |  | (4413) | (4413) | (4439) |
| **Total Short Sales (1.0)%** | **Total Short Sales (1.0)%** | **Total Short Sales (1.0)%** | **Total Short Sales (1.0)%** | **Total Short Sales (1.0)%** |  |  |  |  | **$** | **(4497)** | **(4497)** | $**(4523)** |
| **(e)** | **Securities with an aggregate market value of $637,890 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $637,890 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $637,890 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $637,890 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $637,890 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $637,890 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $637,890 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $637,890 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $637,890 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $637,890 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $637,890 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $637,890 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** |
| <sup>(1)</sup> | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. |
| <sup>(2)</sup> | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(210322) at a weighted average interest rate of 3.794 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 $(210322) at a weighted average interest rate of 3.794 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 $(210322) at a weighted average interest rate of 3.794 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 $(210322) at a weighted average interest rate of 3.794 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 $(210322) at a weighted average interest rate of 3.794 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 $(210322) at a weighted average interest rate of 3.794 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 $(210322) at a weighted average interest rate of 3.794 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 $(210322) at a weighted average interest rate of 3.794 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 $(210322) at a weighted average interest rate of 3.794 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 $(210322) at a weighted average interest rate of 3.794 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 $(210322) at a weighted average interest rate of 3.794 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 $(210322) at a weighted average interest rate of 3.794 Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. |
| <sup>(3)</sup> | Payable for sale-buyback transactions includes $(508) of deferred price drop. | Payable for sale-buyback transactions includes $(508) of deferred price drop. | Payable for sale-buyback transactions includes $(508) of deferred price drop. | Payable for sale-buyback transactions includes $(508) of deferred price drop. | Payable for sale-buyback transactions includes $(508) of deferred price drop. | Payable for sale-buyback transactions includes $(508) of deferred price drop. | Payable for sale-buyback transactions includes $(508) of deferred price drop. | Payable for sale-buyback transactions includes $(508) of deferred price drop. | Payable for sale-buyback transactions includes $(508) of deferred price drop. | Payable for sale-buyback transactions includes $(508) of deferred price drop. | Payable for sale-buyback transactions includes $(508) of deferred price drop. | Payable for sale-buyback transactions includes $(508) of deferred price drop. |
| **(f)** | **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** |
| **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:** |
| **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** |
| Description | Description | Description | Strike<br>Price | Expiration<br>Date | # of<br>Contracts | Notional Amount | Notional Amount | Premiums<br>(Received) | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value |
| Put - CBOE U.S. Treasury 10-Year Note May Futures  | Put - CBOE U.S. Treasury 10-Year Note May Futures  | Put - CBOE U.S. Treasury 10-Year Note May Futures  | $110.000 | 04/24/2026 | 13 | 13 | 13 | (4) | (4) | (4) | $ | (5) |
| Call - CBOE U.S. Treasury 10-Year Note May Futures  | Call - CBOE U.S. Treasury 10-Year Note May Futures  | Call - CBOE U.S. Treasury 10-Year Note May Futures  | 113.000 | 04/24/2026 | 13 | 13 | 13 | (3) | (3) | (3) |  | (2) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **$** | $**(7)** | **(7)** | **(7)** | **$** | **(7)** |

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------

<br> Schedule of Investments PIMCO Long-Term U.S. Government Portfolio (Cont.) March 31, 2026 (Unaudited)

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| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **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> | <u>Variation Margin</u> |
| Description | Description | Description | Description |  | 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 |
| 3-Month SOFR Active Contract June Futures  | 3-Month SOFR Active Contract June Futures  | 3-Month SOFR Active Contract June Futures  | 3-Month SOFR Active Contract June Futures  | 3-Month SOFR Active Contract June Futures  | 09/2027 | 164 | 39542 | $(200) | (200) | (200) | 8 | 8 | 8 | 0 |
| 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 06/2027 | 164 | 39518 | (227) | (227) | (227) | 12 | 12 | 12 | 0 |
| 3-Month SOFR Active Contract September Futures  | 3-Month SOFR Active Contract September Futures  | 3-Month SOFR Active Contract September Futures  | 3-Month SOFR Active Contract September Futures  | 3-Month SOFR Active Contract September Futures  | 12/2027 | 164 | 39579 | (145) | (145) | (145) | 8 | 8 | 8 | 0 |
| 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 | 96 | 10385 | (151) | (151) | (151) | 14 | 14 | 14 | 0 |
| 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 | 78 | 8662 | (70) | (70) | (70) | 18 | 18 | 18 | 0 |
|  |  |  |  |  |  |  |  | (793) | (793) | $ | 60 | 60 | $ | 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** |
|  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description | Description |  | 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 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 | 27 | (5601) | $40 | 40 | 40 | 0 | 0 | 0 | (2) |
| 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 | 995 | (112948) | 2580 | 2580 | 2580 | 0 | 0 | 0 | (295) |
| 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 | 173 | (19700) | 596 | 596 | 596 | 0 | 0 | 0 | (65) |
| 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 | 48 | (5595) | 188 | 188 | 188 | 0 | 0 | 0 | (11) |
|  |  |  |  |  |  |  |  | 3404 | 3404 | $ | 0 | 0 | $ | (373) |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **2611** | **2611** | **$** | **60** | **60** | **$** | **(373)** |
| **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> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| 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 | Market<br>Value | Asset | Asset | Liability |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.638% | Annual | 05/31/2028 | 05/31/2028 | $1000 | $0 | 3 | $3 | 3 | 3 | $0 | 0 | $0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.655 | Annual | 05/31/2028 | 05/31/2028 | 2100 | 0 | 6 | 6 | 6 | 6 | 0 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.662 | Annual | 05/31/2028 | 05/31/2028 | 9800 | 0 | 26 | 26 | 26 | 26 | 0 | 0 | (4) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.691 | Annual | 05/31/2028 | 05/31/2028 | 9800 | 0 | 18 | 18 | 18 | 18 | 0 | 0 | (4) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.694 | Annual | 05/31/2028 | 05/31/2028 | 9800 | 0 | 17 | 17 | 17 | 17 | 0 | 0 | (4) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.807 | Annual | 05/31/2028 | 05/31/2028 | 800 | 0 | (1) | (1) | (1) | (1) | 0 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/18/2029 | 12/18/2029 | 6000 | (118) | 82 | (36) | (36) | (36) | 0 | 0 | (6) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.842 | Annual | 03/04/2030 | 03/04/2030 | 600 | (1) | (5) | (6) | (6) | (6) | 0 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.821 | Annual | 10/31/2030 | 10/31/2030 | 5300 | 0 | (48) | (48) | (48) | (48) | 0 | 0 | (6) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.834 | Annual | 10/31/2030 | 10/31/2030 | 3760 | 0 | (37) | (37) | (37) | (37) | 0 | 0 | (4) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.800 | Annual | 02/28/2031 | 02/28/2031 | 3700 | 22 | (53) | (31) | (31) | (31) | 0 | 0 | (4) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.328 | Annual | 04/30/2031 | 04/30/2031 | 800 | 0 | 17 | 17 | 17 | 17 | 0 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.431 | Annual | 04/30/2031 | 04/30/2031 | 1200 | 0 | 19 | 19 | 19 | 19 | 0 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 06/20/2031 | 06/20/2031 | 4500 | (40) | 27 | (13) | (13) | (13) | 0 | 0 | (5) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.300 | Annual | 06/30/2031 | 06/30/2031 | 2400 | 0 | 53 | 53 | 53 | 53 | 0 | 0 | (3) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1.441 | Semi-Annual | 07/21/2031 | 07/21/2031 | 5100 | (54) | 684 | 630 | 630 | 630 | 0 | 0 | (5) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 05/15/2032 | 05/15/2032 | 6462 | (6) | (13) | (19) | (19) | (19) | 0 | 0 | (8) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.610 | Annual | 12/12/2032 | 12/12/2032 | 1100 | (5) | 12 | 7 | 7 | 7 | 0 | 0 | (1) |
| Receive<sup>(1)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 06/17/2033 | 06/17/2033 | 7200 | 56 | 46 | 102 | 102 | 102 | 0 | 0 | (8) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.030 | Annual | 12/15/2033 | 12/15/2033 | 100 | 0 | (2) | (2) | (2) | (2) | 0 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.842 | Annual | 12/26/2033 | 12/26/2033 | 400 | (2) | 0 | (2) | (2) | (2) | 0 | 0 | 0 |

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<br> Schedule of Investments PIMCO Long-Term U.S. Government Portfolio (Cont.) March 31, 2026 (Unaudited)

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| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.854 | Annual | 12/29/2033 | 400 |  | (2) |  | (1) |  | (3) |  | 0 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 01/02/2034 | 600 |  | (3) |  | 3 |  | 0 |  | 0 |  | (1) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.810 | Annual | 01/02/2034 | 600 |  | (3) |  | 1 |  | (2) |  | 0 |  | (1) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.648 | Annual | 01/08/2034 | 500 |  | (2) |  | 6 |  | 4 |  | 0 |  | (1) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.600 | Annual | 01/17/2034 | 400 |  | (2) |  | 6 |  | 4 |  | 0 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.850 | Annual | 08/05/2034 | 500 |  | (2) |  | 0 |  | (2) |  | 0 |  | (1) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.679 | Annual | 08/13/2034 | 600 |  | (2) |  | 8 |  | 6 |  | 0 |  | (1) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.532 | Annual | 08/20/2034 | 500 |  | (2) |  | 13 |  | 11 |  | 0 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.555 | Annual | 08/28/2034 | 500 |  | (2) |  | 12 |  | 10 |  | 0 |  | (1) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.605 | Annual | 08/28/2034 | 100 |  | 0 |  | 2 |  | 2 |  | 0 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.611 | Annual | 08/28/2034 | 200 |  | (1) |  | 4 |  | 3 |  | 0 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.643 | Annual | 08/28/2034 | 400 |  | (1) |  | 6 |  | 5 |  | 0 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.470 | Annual | 09/04/2034 | 400 |  | (2) |  | 12 |  | 10 |  | 0 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.232 | Annual | 09/10/2034 | 700 |  | (3) |  | 34 |  | 31 |  | 0 |  | (1) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.278 | Annual | 09/16/2034 | 600 |  | (3) |  | 28 |  | 25 |  | 0 |  | (1) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.890 | Annual | 03/03/2035 | 350 |  | (1) |  | (1) |  | (2) |  | 0 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.908 | Annual | 03/04/2035 | 500 |  | (2) |  | (2) |  | (4) |  | 0 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.874 | Annual | 03/05/2035 | 500 |  | (2) |  | 0 |  | (2) |  | 0 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.884 | Annual | 03/25/2035 | 700 |  | (2) |  | (2) |  | (4) |  | 0 |  | (1) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.748 | Annual | 03/03/2036 | 700 |  | (1) |  | 8 |  | 7 |  | 0 |  | (1) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.775 | Annual | 03/03/2036 | 600 |  | (1) |  | 5 |  | 4 |  | 0 |  | 0 |
| Receive<sup>(1)</sup> | Receive<sup>(1)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 06/17/2036 | 5400 |  | 66 |  | (8) |  | 58 |  | 0 |  | (4) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.368 | Annual | 11/15/2049 | 300 |  | 0 |  | 38 |  | 38 |  | 1 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.464 | Annual | 11/15/2049 | 500 |  | 0 |  | 55 |  | 55 |  | 1 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.527 | Annual | 11/15/2049 | 100 |  | 0 |  | 10 |  | 10 |  | 0 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1.750 | Annual | 10/23/2053 | 4500 |  | (78) |  | 1908 |  | 1830 |  | 14 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 2.330 | Semi-Annual | 10/25/2053 | 4010 |  | 244 |  | 1137 |  | 1381 |  | 12 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.300 | Annual | 11/15/2053 | 500 |  | (3) |  | 75 |  | 72 |  | 2 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.975 | Annual | 11/15/2053 | 300 |  | 6 |  | 3 |  | 9 |  | 1 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 4.085 | Annual | 11/15/2053 | 887 |  | 2 |  | 10 |  | 12 |  | 3 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.956 | Annual | 11/15/2054 | 1000 |  | 0 |  | 32 |  | 32 |  | 4 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 12/18/2054 | 2700 |  | 65 |  | 230 |  | 295 |  | 10 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.846 | Annual | 02/15/2055 | 600 |  | 0 |  | 30 |  | 30 |  | 2 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.872 | Annual | 02/15/2055 | 1800 |  | 0 |  | 83 |  | 83 |  | 7 |  | 0 |
| Receive<sup>(1)</sup> | Receive<sup>(1)</sup> | 1-Day USD-SOFR Compounded-OIS | 4.000 | Annual | 06/17/2056 | 2600 |  | 50 |  | 11 |  | 61 |  | 10 |  | 0 |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | $**165** | **165** | $**4607** | **4607** | $**4772** | **4772** | $**67** | **67** | $**(80)** | **(80)** |
| **(g)** | **Securities with an aggregate market value of $1,982 and cash of $5,591 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 $1,982 and cash of $5,591 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 $1,982 and cash of $5,591 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 $1,982 and cash of $5,591 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 $1,982 and cash of $5,591 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 $1,982 and cash of $5,591 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 $1,982 and cash of $5,591 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 $1,982 and cash of $5,591 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 $1,982 and cash of $5,591 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 $1,982 and cash of $5,591 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 $1,982 and cash of $5,591 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 $1,982 and cash of $5,591 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 $1,982 and cash of $5,591 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 $1,982 and cash of $5,591 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 $1,982 and cash of $5,591 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 $1,982 and cash of $5,591 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. |
| **(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** |

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<br> Schedule of Investments PIMCO Long-Term U.S. Government Portfolio (Cont.) March 31, 2026 (Unaudited)

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN 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** |
| 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 |
| Receive | Receive | 3.620% | 04/20/2026 | 04/20/2026 | 400 | 400 | $(1) | (1) | $(1) |
| Pay | Pay | 3.900 | 04/20/2026 | 04/20/2026 | 400 | 400 | (1) | (1) | (2) |
| Receive | Receive | 3.695 | 04/27/2026 | 04/27/2026 | 700 | 700 | (3) | (3) | (2) |
| Pay | Pay | 4.055 | 04/27/2026 | 04/27/2026 | 700 | 700 | (3) | (3) | (2) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | $**(8)** | **(8)** | $**(7)** |
| 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** |
| **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 | 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** |
| 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 |
| Industrials | $0 | 0 | 0 | $5015 | 5015 | $0 | 0 | $5015 | 5015 |
| U.S. Government Agencies | 0 | 0 | 0 | 105546 | 105546 | 0 | 0 | 105546 | 105546 |
| U.S. Treasury Obligations | 0 | 0 | 0 | 599402 | 599402 | 0 | 0 | 599402 | 599402 |
| Non-Agency Mortgage-Backed Securities | 0 | 0 | 0 | 18651 | 18651 | 0 | 0 | 18651 | 18651 |
| 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 | 0 | 0 | 0 | 685 | 685 | 0 | 0 | 685 | 685 |
| Home Equity Other | 0 | 0 | 0 | 535 | 535 | 0 | 0 | 535 | 535 |
| Other ABS | 0 | 0 | 0 | 2249 | 2249 | 0 | 0 | 2249 | 2249 |
| 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 |
| Repurchase Agreements | 0 | 0 | 0 | 41200 | 41200 | 0 | 0 | 41200 | 41200 |
|  | $0 | 0 | 0 | $773283 | 773283 | $0 | 0 | $773283 | 773283 |
| **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 |
| Central Funds Used for Cash Management Purposes | $1835 | 1835 | 1835 | $0 | 0 | $0 | 0 | $1835 | 1835 |
| Total Investments | $1835 | 1835 | 1835 | $773283 | 773283 | $0 | 0 | $775118 | 775118 |
| **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**  | **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 | 0 | 0 | $(4523) | (4523) | $0 | 0 | $(4523) | (4523) |
| **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 | $0 | 0 | 0 | $127 | 127 | $0 | 0 | $127 | 127 |
| **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 | 0 | 0 | 0 | (460) | (460) | 0 | 0 | (460) | (460) |
| Over the counter | 0 | 0 | 0 | (7) | (7) | 0 | 0 | (7) | (7) |
|  | $0 | 0 | 0 | $(467) | (467) | $0 | 0 | $(467) | (467) |
| Total Financial Derivative Instruments | $0 | 0 | 0 | $(340) | (340) | $0 | 0 | $(340) | (340) |
| Totals | $1835 | 1835 | 1835 | $768420 | 768420 | $0 | 0 | $770255 | 770255 |
| **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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Notes to Financial Statements

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

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

**(a) Investment Valuation Policies** The net asset value ("NAV") of the Portfolio's shares, or each of its share classes, as applicable, is determined by dividing the total value of portfolio investments and other assets attributable to the 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, the 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 Portfolio or its agents after the time as of which NAV has been calculated on a particular day will not generally be used to retroactively adjust the price of a security or the NAV determined earlier that day. If regular trading on the NYSE closes earlier than scheduled, the Portfolio may calculate its NAV as of the earlier closing time or calculate its NAV as of the NYSE Close for that day. The 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, the Portfolio may calculate its NAV as of the NYSE Close for such day or such other time that the 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 the 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 Portfolio will normally use pricing data for domestic equity securities received shortly after the NYSE Close and does not normally take into account trading, clearances or settlements that take place after the NYSE Close. A foreign (non-U.S.) equity security traded on a foreign exchange or on more than one exchange is typically valued using pricing information from the exchange considered by Pacific Investment Management Company LLC ("PIMCO") to be the primary exchange. If market value pricing is used, a foreign (non-U.S.) equity security will be valued as of the close of trading on the foreign exchange or the NYSE Close if the NYSE Close occurs before the end of trading on the foreign exchange.

Investments for which market quotations are not readily available are valued at fair value as determined in good faith pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended (the "Act"). As a general principle, the fair value of a security or other asset is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Pursuant to Rule 2a-5, the Board of Trustees has designated PIMCO as the valuation designee ("Valuation Designee") for the 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 the 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. Open-end management investment companies may include affiliated funds.

If a foreign (non-U.S.) equity security's value has materially changed after the close of the security's primary exchange or principal market but before the NYSE Close, the security may be valued at fair value. Foreign (non-U.S.) equity securities that do not trade when the NYSE is open are also valued at fair value. With respect to foreign (non-U.S.) equity securities, the 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. The 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 the Trust is not open for business, which may result in the 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 the 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 the Trust is not open for business. As a result, to the extent that the 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 the 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 the 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 the 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 the Portfolio may differ from the value that would be realized if the securities were sold. The Portfolio's use of fair valuation may also help to deter "stale price arbitrage" as discussed under the " Frequent or Excessive Purchases, Exchanges and Redemptions " section in the Portfolio's prospectus.

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

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

------

Notes to Financial Statements (Cont.)

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

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

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

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

In accordance with the requirements of U.S. GAAP, the amounts of transfers into and out of Level 3, if material, are disclosed in the Notes to Schedule of Investments for the 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 of the Portfolio's assets and liabilities. Additionally, U.S. GAAP requires quantitative information regarding the significant unobservable inputs used in the determination of fair value of assets or liabilities categorized as Level 3 in the fair value hierarchy. In accordance with the requirements of U.S. GAAP, a fair value hierarchy and, if material, a Level 3 reconciliation and details of significant unobservable inputs, have been included in the Notes to Schedule of Investments for the 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 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 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

------

Notes to Financial Statements (Cont.)

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.

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

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

**2. FEDERAL INCOME TAX MATTERS**

The 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.

The 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 Portfolio's tax positions for all open tax years. As of March 31, 2026, the Portfolio has recorded no liability for net unrecognized tax benefits relating to uncertain income tax positions it has taken or expects to take in future tax returns.

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

Shares of the Portfolio currently are sold to segregated asset accounts ("Separate Accounts") of insurance companies that fund variable annuity contracts and variable life insurance policies ("Variable Contracts"). Please refer to the prospectus for the Separate Account and Variable Contract for information regarding Federal income tax treatment of distributions to the Separate Account.

**3. INVESTMENTS IN AFFILIATES** 

The 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 the Act, rules thereunder or exemptive relief therefrom. The Central Funds are registered investment companies created for use solely by the series of the Trust and other series of registered investment companies advised by the Adviser, in connection with their cash management activities. The main investments of the Central Funds are money market and short maturity fixed income instruments. The Central Funds may incur expenses related to their investment activities, but do not pay Investment Advisory Fees or Supervisory and Administrative Fees to the Adviser. The Central Funds are considered to be affiliated with the Portfolio. 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 Portfolio's website at www.pimco.com, or upon request, as applicable. The table below shows the Portfolio's transactions in and earnings from investments in the affiliated funds for the period ended March 31, 2026 (amounts in thousands<sup>†</sup>):

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **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> |
| $7086 | $154035 | $(159300) | $15 | $(1) | $1835 | $36 | $0 |

---

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

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

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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:** |  |  |  |  |
| **BCY** | Barclays Capital, Inc. | **GLM** | Goldman Sachs Bank USA | **TDM** | TD Securities (USA) LLC |
| **BOA** | Bank of America N.A. | **MSC** | Morgan Stanley & Co. LLC. | **UBS** | UBS Securities LLC |
| **BPS** | BNP Paribas S.A. | **SAL** | Citigroup Global Markets, Inc. |  |  |
| **Currency Abbreviations:** | **Currency Abbreviations:** |  |  |  |  |
| **USD (or $)** | United States Dollar |  |  |  |  |
| **Exchange Abbreviations:** | **Exchange Abbreviations:** |  |  |  |  |
| **CBOE** | Chicago Board Options Exchange | **OTC** | Over the Counter |  |  |
| **Index/Spread Abbreviations:** | **Index/Spread Abbreviations:** |  |  |  |  |
| **SOFR** | Secured Overnight Financing Rate |  |  |  |  |
| **Other Abbreviations:** | **Other Abbreviations:** |  |  |  |  |
| **ABS** | Asset-Backed Security | **REMIC** | Real Estate Mortgage Investment Conduit | **TBA** | To-Be-Announced |
| **OIS** | Overnight Index Swap |  |  |  |  |

---

------

<br> Schedule of Investments PIMCO Low Duration Portfolio 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 105.4% ¤** |  |  |
| **CORPORATE BONDS & NOTES 14.8%**  |  |  |
| **BANKING & FINANCE 10.1%**  |  |  |
| **ABN AMRO Bank NV** <br>4.718% due 01/22/2027 | $3900 | $3918 |
| **Abu Dhabi Developmental Holding Co. PJSC** <br>5.375% due 05/08/2029 | 1800 | 1833 |
| **AerCap Ireland Capital DAC/AerCap Global Aviation Trust** <br>6.450% due 04/15/2027 | 200 | 204 |
| **Air Lease Corp.** <br>2.200% due 01/15/2027 | 500 | 491 |
| **American Honda Finance Corp.**  |  |  |
| 4.386% (SOFRRATE + 0.720%) due 10/22/2027 ~  | 500 | 498 |
| 4.390% due 08/13/2027 •  | 3000 | 2998 |
| 4.900% due 03/12/2027  | 500 | 502 |
| **American Tower Corp.** <br>3.650% due 03/15/2027 | 300 | 298 |
| **Athene Global Funding**  |  |  |
| 3.024% (EUR003M + 1.000%) due 02/23/2027 ~  | 1900 | 2199 |
| 4.417% due 07/16/2026 •  | $3700 | 3702 |
| **Avolon Holdings Funding Ltd.**  |  |  |
| 3.250% due 02/15/2027  | 500 | 494 |
| 5.375% due 05/30/2030  | 1100 | 1112 |
| **Banco Bilbao Vizcaya Argentaria SA** <br>4.150% due 03/03/2029 | 600 | 593 |
| **Banco Santander SA**  |  |  |
| 1.722% due 09/14/2027 •  | 200 | 197 |
| 5.552% due 03/14/2028 •  | 1000 | 1009 |
| **Bank of America Corp.** <br>4.623% due 05/09/2029 •  | 3200 | 3214 |
| **Bank of Montreal** <br>4.567% due 09/10/2027 •  | 2100 | 2102 |
| **Banque Federative du Credit Mutuel SA** <br>5.194% due 02/16/2028 | 1400 | 1419 |
| **Barclays PLC**  |  |  |
| 4.586% (SOFRRATE + 0.930%) due 05/24/2030 ~  | 900 | 898 |
| 5.674% due 03/12/2028 •  | 800 | 808 |
| 6.496% due 09/13/2027 •  | 300 | 302 |
| **BPCE SA** <br>6.612% due 10/19/2027 •  | 5000 | 5056 |
| **Citadel Finance LLC** <br>4.750% due 02/14/2029 | 700 | 686 |
| **Citadel LP** <br>4.875% due 01/15/2027 | 500 | 500 |
| **Citibank NA**  |  |  |
| 4.876% due 11/19/2027 •  | 1600 | 1605 |
| 4.929% due 08/06/2026  | 1500 | 1504 |
| **Cooperatieve Rabobank UA**  |  |  |
| 4.273% (SOFRINDX + 0.620%) due 08/28/2026 ~  | 1700 | 1702 |
| 4.655% due 08/22/2028 •  | 300 | 301 |
| **Corebridge Global Funding** <br>4.550% due 01/09/2031 | 2500 | 2470 |
| **Credit Agricole SA** <br>4.859% (SOFRRATE + 1.210%) due 09/11/2028 ~ | 1600 | 1607 |
| **Danske Bank AS**  |  |  |
| 4.662% due 03/27/2029 •  | 1200 | 1203 |
| 5.427% due 03/01/2028 •  | 2400 | 2423 |
| **Deutsche Bank AG**  |  |  |
| 4.879% (SOFRRATE + 1.219%) due 11/16/2027 ~  | 4600 | 4613 |
| 4.999% due 09/11/2030 •  | 2000 | 2010 |
| **Equinix, Inc.** <br>1.450% due 05/15/2026 | 500 | 498 |
| **Ford Motor Credit Co. LLC**  |  |  |
| 4.271% due 01/09/2027  | 500 | 498 |
| 5.125% due 11/05/2026  | 500 | 501 |
| 5.800% due 03/05/2027  | 3400 | 3420 |
| 5.850% due 05/17/2027  | 1000 | 1008 |
| **General Motors Financial Co., Inc.**  |  |  |
| 2.350% due 02/26/2027  | 1100 | 1079 |
| 5.400% due 05/08/2027  | 3600 | 3633 |
| **Goldman Sachs Bank USA** <br>4.406% (SOFRRATE + 0.750%) due 05/21/2027 ~ | 1400 | 1400 |
| **Goldman Sachs Group, Inc.**  |  |  |
| 3.615% due 03/15/2028 •  | 500 | 496 |

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------

<br> Schedule of Investments PIMCO Low Duration Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.148% due 01/21/2029 •  | 1000 | 994 |
| 4.153% due 10/21/2029 •  | 500 | 495 |
| 4.937% due 04/23/2028 •  | 2700 | 2714 |
| 5.049% due 07/23/2030 •  | 200 | 202 |
| **Hardwood Funding LLC** <br>4.980% due 06/07/2030 «(e) | 1000 | 1003 |
| **HSBC Holdings PLC**  |  |  |
| 4.041% due 03/13/2028 •  | 3800 | 3783 |
| 6.161% due 03/09/2029 •  | 4500 | 4631 |
| **JPMorgan Chase & Co.**  |  |  |
| 4.411% (SOFRRATE + 0.765%) due 09/22/2027 ~  | 5000 | 5003 |
| 5.571% due 04/22/2028 •  | 1200 | 1215 |
| 6.070% due 10/22/2027 •  | 3000 | 3029 |
| **Lloyds Banking Group PLC**  |  |  |
| 3.750% due 03/18/2028 •  | 1750 | 1739 |
| 4.241% due 02/10/2030 •  | 1700 | 1682 |
| **Lseg U.S. Fin Corp.** <br>4.875% due 03/28/2027 | 500 | 502 |
| **MassMutual Global Funding II** <br>4.000% due 01/22/2029 | 1700 | 1683 |
| **Morgan Stanley** <br>4.687% (SOFRRATE + 1.020%) due 04/13/2028 ~ | 1900 | 1907 |
| **Morgan Stanley Bank NA**  |  |  |
| 4.968% due 07/14/2028 •  | 500 | 503 |
| 5.016% due 01/12/2029 •  | 3300 | 3336 |
| **NatWest Group PLC** <br>5.583% due 03/01/2028 •  | 500 | 505 |
| **Nomura Holdings, Inc.** <br>2.329% due 01/22/2027 | 1500 | 1475 |
| **Protective Life Global Funding** <br>4.166% (SOFRRATE + 0.500%) due 07/22/2026 ~ | 2000 | 2001 |
| **RGA Global Funding** <br>4.600% due 11/25/2030 | 1000 | 990 |
| **Royal Bank of Canada**  |  |  |
| 4.456% (SOFRINDX + 0.790%) due 07/23/2027 ~  | 300 | 300 |
| 4.965% due 01/24/2029 •  | 1000 | 1010 |
| **Santander U.K. Group Holdings PLC**  |  |  |
| 2.469% due 01/11/2028 •  | 800 | 787 |
| 4.858% due 09/11/2030 •  | 2200 | 2205 |
| **Societe Generale SA** <br>5.250% due 02/19/2027 | 1300 | 1308 |
| **Standard Chartered PLC** <br>6.750% due 02/08/2028 •  | 500 | 509 |
| **Stellantis Finance U.S., Inc.**  |  |  |
| 1.711% due 01/29/2027  | 300 | 293 |
| 5.350% due 03/17/2028  | 400 | 403 |
| **Stellantis Financial Services U.S. Corp.** <br>4.950% due 09/15/2028 | 1600 | 1592 |
| **Swedbank AB** <br>5.337% due 09/20/2027 | 4100 | 4158 |
| **Takeoff Merger Sub, Inc.** <br>4.500% due 03/24/2029 | 1900 | 1888 |
| **Toyota Motor Credit Corp.** <br>4.550% due 08/07/2026 | 500 | 501 |
| **UBS AG** <br>4.302% due 03/16/2029 •  | 1400 | 1398 |
| **UBS Group AG** <br>4.501% (SOFRRATE + 0.840%) due 04/10/2030 ~ | 3200 | 3172 |
| **UniCredit SpA** <br>1.982% due 06/03/2027 •  | 200 | 199 |
| **Ventas Realty LP** <br>3.250% due 10/15/2026 | 500 | 497 |
| **VICI Properties LP/VICI Note Co., Inc.**  |  |  |
| 4.250% due 12/01/2026  | 500 | 499 |
| 4.500% due 09/01/2026  | 300 | 300 |
| **Wells Fargo & Co.**  |  |  |
| 4.900% due 01/24/2028 •  | 3500 | 3513 |
| 4.970% due 04/23/2029 •  | 1200 | 1211 |
|  |  | 132139 |
| **INDUSTRIALS 4.0%**  |  |  |
| **AbbVie, Inc.** <br>4.800% due 03/15/2027 | 4100 | 4122 |
| **Adnoc Murban Rsc Ltd.** <br>4.250% due 09/11/2029 | 2900 | 2858 |
| **Amgen, Inc.** <br>5.150% due 03/02/2028 | 283 | 287 |
| **Beignet Investor LLC** <br>6.581% due 05/30/2049 | 2110 | 2171 |
| **BMW U.S. Capital LLC**  |  |  |
| 4.750% due 03/21/2028  | 2670 | 2685 |
| 5.050% due 08/11/2028  | 1930 | 1956 |
| **Broadcom, Inc.** <br>5.050% due 07/12/2027 | 276 | 279 |

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<br> Schedule of Investments PIMCO Low Duration Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **FactSet Research Systems, Inc.** <br>2.900% due 03/01/2027 | 500 | 491 |
| **Fidelity National Information Services, Inc.** <br>4.450% due 03/10/2028 | 800 | 798 |
| **Glencore Funding LLC** <br>4.000% due 03/27/2027 | 300 | 299 |
| **Global Payments, Inc.** <br>4.500% due 11/15/2028 | 900 | 891 |
| **Hyundai Capital America**  |  |  |
| 4.875% due 06/23/2027  | 1300 | 1306 |
| 5.169% (SOFRRATE + 1.500%) due 01/08/2027 ~  | 4000 | 4028 |
| **JDE Peet's NV** <br>1.375% due 01/15/2027 | 500 | 488 |
| **Keurig Dr. Pepper, Inc.** <br>5.100% due 03/15/2027 | 1100 | 1105 |
| **Las Vegas Sands Corp.**  |  |  |
| 5.625% due 06/15/2028  | 500 | 507 |
| 5.900% due 06/01/2027  | 3400 | 3445 |
| **Mercedes-Benz Finance North America LLC**  |  |  |
| 4.750% due 03/31/2028  | 2800 | 2820 |
| 4.900% due 11/15/2027  | 700 | 707 |
| **MPLX LP** <br>4.125% due 03/01/2027 | 500 | 499 |
| **NTT Finance Corp.** <br>4.567% due 07/16/2027 | 400 | 401 |
| **Oracle Corp.**  |  |  |
| 4.424% (SOFRRATE + 0.760%) due 08/03/2028 ~  | 750 | 739 |
| 4.550% due 02/04/2029  | 1000 | 987 |
| **Pennsylvania-American Water Co.** <br>7.800% due 09/01/2026 | 300 | 304 |
| **Philip Morris International, Inc.** <br>4.125% due 04/28/2028 | 3200 | 3195 |
| **Rogers Communications, Inc.** <br>3.200% due 03/15/2027 | 1000 | 988 |
| **Sabine Pass Liquefaction LLC** <br>5.000% due 03/15/2027 | 1000 | 1002 |
| **Skyworks Solutions, Inc.** <br>1.800% due 06/01/2026 | 300 | 298 |
| **Smith & Nephew PLC** <br>5.150% due 03/20/2027 | 1500 | 1508 |
| **Smithfield Foods, Inc.** <br>4.250% due 02/01/2027 | 500 | 498 |
| **Stryker Corp.** <br>4.250% due 09/11/2029 | 300 | 299 |
| **Sydney Airport Finance Co. Pty. Ltd.** <br>3.625% due 04/28/2026 | 500 | 499 |
| **Telefonica Emisiones SA** <br>4.103% due 03/08/2027 | 2800 | 2789 |
| **Textron, Inc.** <br>3.650% due 03/15/2027 | 1272 | 1263 |
| **Transurban Finance Co. Pty. Ltd.** <br>3.375% due 03/22/2027 | 500 | 496 |
| **Volkswagen Group of America Finance LLC** <br>5.050% due 03/27/2028 | 5200 | 5235 |
|  |  | 52243 |
| **UTILITIES 0.7%**  |  |  |
| **Ameren Corp.** <br>5.700% due 12/01/2026 | 300 | 302 |
| **Constellation Energy Generation LLC** <br>3.900% due 01/08/2028 | 800 | 794 |
| **Emera U.S. Finance LLC** <br>4.500% due 04/01/2029 | 500 | 499 |
| **Evergy, Inc.** <br>4.250% due 03/15/2029 | 1600 | 1588 |
| **Eversource Energy** <br>5.000% due 01/01/2027 | 500 | 502 |
| **NextEra Energy Capital Holdings, Inc.** <br>4.462% (SOFRINDX + 0.800%) due 02/04/2028 ~ | 1400 | 1402 |
| **ONEOK, Inc.** <br>5.550% due 11/01/2026 | 300 | 302 |
| **Pacific Gas & Electric Co.** <br>3.300% due 03/15/2027 | 1100 | 1087 |
| **Public Service Co. of Colorado** <br>4.150% due 03/13/2029 | 1100 | 1097 |
| **Southern California Edison Co.**  |  |  |
| 4.400% due 09/06/2026  | 115 | 115 |
| 4.700% due 06/01/2027  | 100 | 100 |
| 4.875% due 02/01/2027  | 300 | 301 |
| 5.850% due 11/01/2027  | 600 | 611 |

---

------

<br> Schedule of Investments PIMCO Low Duration Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Xcel Energy, Inc.** <br>1.750% due 03/15/2027 | 1100 | 1073 |
|  |  | 9773 |
| Total Corporate Bonds & Notes (Cost $193,363) |  | 194155 |
| **U.S. GOVERNMENT AGENCIES 35.5%**  |  |  |
| **Federal Home Loan Mortgage Corp.**  |  |  |
| 0.800% due 10/28/2026 (h) | 11800 | 11598 |
| 2.500% due 01/01/2029 | 28 | 27 |
| 3.000% due 01/01/2027 | 10 | 10 |
| 3.500% due 09/01/2030 | 170 | 168 |
| 4.000% due 12/01/2047 - 08/01/2048 | 1816 | 1743 |
| 5.000% due 06/01/2031 - 04/01/2053 | 3312 | 3290 |
| 6.000% due 04/01/2055 | 5247 | 5451 |
| 6.521% due 09/01/2035 •  | 13 | 13 |
| 6.797% due 07/01/2035 •  | 8 | 8 |
| **Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates**  |  |  |
| 2.937% due 07/25/2054 ~ | 1584 | 1539 |
| 4.219% due 08/25/2027 •  | 197 | 197 |
| **Federal Home Loan Mortgage Corp. REMICS**  |  |  |
| 4.481% due 03/15/2050 •  | 1937 | 1915 |
| 4.562% due 11/25/2055 •  | 1201 | 1208 |
| 4.581% due 12/15/2050 •  | 715 | 712 |
| 4.602% due 11/25/2054 •  | 4152 | 4179 |
| 4.612% due 03/25/2055 •  | 1863 | 1885 |
| 4.632% due 08/25/2054 •  | 1771 | 1783 |
| 4.642% due 08/25/2055 •  | 8424 | 8496 |
| 4.662% due 02/25/2055 •  | 1812 | 1828 |
| 4.762% due 07/25/2055 •  | 2260 | 2273 |
| 4.812% due 03/25/2055 - 08/25/2055 •  | 2481 | 2499 |
| 4.862% due 08/25/2055 •  | 28045 | 28319 |
| 5.062% due 03/25/2055 •  | 2109 | 2127 |
| 5.500% due 01/25/2047 | 729 | 730 |
| **Federal Home Loan Mortgage Corp. STRIPS**<br>3.621% due 08/15/2044 •  | 668 | 685 |
| **Federal Home Loan Mortgage Corp. Structured Pass-Through Certificates**  |  |  |
| 4.053% due 08/25/2031 •  | 16 | 16 |
| 5.059% due 02/25/2045 •  | 48 | 47 |
| 6.500% due 07/25/2043 | 19 | 20 |
| **Federal National Mortgage Association**  |  |  |
| 2.080% due 10/01/2026 | 900 | 890 |
| 3.000% due 12/01/2026 - 04/01/2052 | 27743 | 24710 |
| 3.220% due 01/01/2028 | 1000 | 989 |
| 3.500% due 07/01/2047 - 12/01/2047 | 26768 | 24785 |
| 4.000% due 08/01/2044 - 08/01/2048 | 2830 | 2713 |
| 4.500% due 05/01/2026 - 08/01/2046 | 196 | 193 |
| 5.000% due 05/01/2027 - 06/01/2054 | 84290 | 83312 |
| 5.113% due 06/01/2043 •  | 22 | 22 |
| 5.114% due 07/01/2042 •  | 8 | 8 |
| 5.164% due 09/01/2041 •  | 25 | 26 |
| 5.647% due 11/01/2035 •  | 7 | 7 |
| 6.000% due 02/01/2033 - 01/01/2039 | 192 | 201 |
| 6.209% due 07/01/2035 •  | 1 | 1 |
| 6.275% due 09/01/2035 •  | 15 | 15 |
| 6.383% due 05/01/2038 •  | 396 | 412 |
| 6.500% due 04/01/2036 | 32 | 33 |
| **Federal National Mortgage Association REMICS**  |  |  |
| 1.000% due 01/25/2043 | 20 | 18 |
| 1.250% due 11/25/2027 | 706 | 694 |
| 2.000% due 11/25/2046 | 2302 | 2155 |
| 3.842% due 12/25/2036 - 07/25/2037 •  | 44 | 43 |
| 4.196% due 09/25/2049 •  | 186 | 185 |
| 4.461% due 12/25/2047 •  | 964 | 965 |
| 4.481% due 01/25/2051 •  | 986 | 991 |
| 4.562% due 03/25/2055 •  | 1590 | 1597 |
| 4.612% due 03/25/2055 •  | 689 | 693 |
| 4.632% due 08/25/2054 •  | 434 | 437 |
| 4.687% due 06/17/2027 •  | 1 | 1 |
| 4.822% due 03/25/2055 •  | 2383 | 2403 |
| 4.842% due 08/25/2055 •  | 1544 | 1557 |
| 4.862% due 08/25/2055 •  | 12599 | 12726 |
| 5.000% due 04/25/2033 | 2 | 2 |
| 5.162% due 12/25/2054 •  | 2405 | 2422 |
| **Federal National Mortgage Association REMICS Trust**<br>4.668% due 12/25/2042 ~ | 2 | 2 |
| **Federal National Mortgage Association Trust**  |  |  |
| 4.126% due 03/25/2044 •  | 5 | 5 |
| 4.132% due 09/25/2042 •  | 138 | 137 |
| **Government National Mortgage Association**  |  |  |
| 3.000% due 02/20/2030 | 48 | 47 |
| 3.500% due 10/20/2029 | 542 | 537 |
| **Government National Mortgage Association REMICS**  |  |  |
| 4.257% due 06/20/2065 •  | 157 | 157 |
| 4.283% due 06/20/2064 •  | 827 | 827 |
| 4.303% due 10/20/2065 •  | 1258 | 1258 |

---

------

<br> Schedule of Investments PIMCO Low Duration Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.323% due 07/20/2063 - 02/20/2074 •  | 823 | 824 |
| 4.473% due 04/20/2072 •  | 2462 | 2473 |
| 4.573% due 07/20/2073 - 07/20/2074 •  | 6858 | 6958 |
| 4.583% due 05/20/2066 •  | 150 | 150 |
| 4.623% due 09/20/2073 •  | 6507 | 6618 |
| 4.633% due 04/20/2066 •  | 1207 | 1212 |
| 4.643% due 08/20/2073 •  | 1502 | 1526 |
| 4.673% due 05/20/2073 •  | 2705 | 2753 |
| 4.833% due 11/20/2072 •  | 10630 | 10871 |
| 4.843% due 11/20/2072 •  | 12225 | 12514 |
| 5.033% due 08/20/2070 •  | 3753 | 3824 |
| 5.173% due 08/20/2071 •  | 1711 | 1758 |
| 5.581% due 07/20/2067 •  | 1679 | 1704 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 2.500% due 05/01/2056 | 4400 | 3698 |
| 4.000% due 04/01/2056 - 06/01/2056 | 55100 | 51953 |
| 4.500% due 04/01/2041 | 200 | 199 |
| 5.500% due 05/01/2056 | 10300 | 10334 |
| 6.000% due 06/01/2056 - 07/01/2056 | 94900 | 96582 |
| Total U.S. Government Agencies (Cost $468,562) |  | 466893 |
| **U.S. TREASURY OBLIGATIONS 2.2%**  |  |  |
| **U.S. Treasury Inflation Protected Securities (d)** |  |  |
| 0.625% due 07/15/2032  | 10298 | 9719 |
| 1.125% due 01/15/2033  | 9608 | 9257 |
| **U.S. Treasury Notes**  |  |  |
| 2.875% due 05/15/2032 (j) | 2100 | 1964 |
| 4.875% due 04/30/2026 | 7400 | 7407 |
| Total U.S. Treasury Obligations (Cost $28,288) |  | 28347 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 4.3%**  |  |  |
| **Adjustable Rate Mortgage Trust** <br>4.898% due 09/25/2035 ~ | 61 | 52 |
| **Atrium Hotel Portfolio Trust** <br>4.900% due 12/15/2036 •  | 3386 | 3345 |
| **Banc of America Funding Trust** <br>4.751% due 01/20/2047 ~ | 57 | 50 |
| **Banc of America Mortgage Trust**  |  |  |
| 5.479% due 08/25/2034 ~  | 49 | 50 |
| 5.800% due 07/25/2034 ~  | 65 | 63 |
| **Bear Stearns ALT-A Trust** <br>4.113% due 02/25/2034 •  | 55 | 52 |
| **Bear Stearns ARM Trust**  |  |  |
| 4.780% due 01/25/2035 ~  | 758 | 746 |
| 4.819% due 07/25/2034 ~  | 39 | 36 |
| 5.125% due 01/25/2035 ~  | 22 | 20 |
| 5.714% due 01/25/2034 ~  | 3 | 3 |
| **Bear Stearns Structured Products, Inc. Trust**  |  |  |
| 3.920% due 12/26/2046 ~  | 122 | 95 |
| 4.788% due 01/26/2036 ~  | 147 | 106 |
| **Chevy Chase Funding LLC Mortgage-Backed Certificates** <br>4.073% due 01/25/2035 •  | 2 | 2 |
| **CHL Mortgage Pass-Through Trust**  |  |  |
| 4.787% due 11/25/2034 ~  | 75 | 72 |
| 5.023% due 02/20/2035 ~  | 7 | 7 |
| 5.236% due 11/20/2034 ~  | 169 | 164 |
| 6.148% due 02/20/2036 •  | 120 | 114 |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 5.387% due 08/25/2035 ~  | 30 | 28 |
| 6.490% due 05/25/2035 •  | 2 | 2 |
| **CLNY Trust** <br>5.163% due 11/15/2038 •  | 1823 | 1806 |
| **Countrywide Alternative Loan Trust** <br>6.000% due 10/25/2033 | 4 | 4 |
| **DBGS Mortgage Trust** <br>5.332% due 10/15/2039 •  | 100 | 100 |
| **DROP Mortgage Trust** <br>4.937% due 10/15/2043 •  | 5000 | 4988 |
| **Eurosail-U.K. PLC** <br>4.815% (SONIO/N + 1.069%) due 06/13/2045 ~ | 1186 | 1568 |
| **First Horizon Alternative Mortgage Securities Trust** <br>4.782% due 09/25/2034 ~ | $41 | 41 |
| **First Horizon Mortgage Pass-Through Trust** <br>5.994% due 08/25/2035 ~ | 37 | 25 |
| **GMACM Mortgage Loan Trust** <br>3.319% due 11/19/2035 ~ | 14 | 7 |
| **Government National Mortgage Association REMICS**  |  |  |
| 4.373% due 10/20/2075 •  | 1768 | 1777 |
| 4.443% due 09/20/2075 •  | 7696 | 7769 |
| **GS Mortgage-Backed Securities Trust** <br>3.000% due 09/25/2052 ~ | 3796 | 3296 |
| **GSR Mortgage Loan Trust**  |  |  |
| 4.860% due 09/25/2035 ~  | 46 | 44 |
| 6.290% due 09/25/2034 ~  | 17 | 17 |

---

------

<br> Schedule of Investments PIMCO Low Duration Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **HarborView Mortgage Loan Trust**  |  |  |
| 4.231% due 05/19/2035 •  | 24 | 23 |
| 4.685% due 07/19/2035 ~  | 128 | 96 |
| **JP Morgan Mortgage Trust** <br>5.750% due 01/25/2036 | 10 | 5 |
| **Merrill Lynch Mortgage Investors Trust**  |  |  |
| 4.293% due 11/25/2035 •  | 14 | 14 |
| 4.453% due 09/25/2029 •  | 14 | 14 |
| **Natixis Commercial Mortgage Securities Trust** <br>4.887% due 08/15/2038 •  | 3991 | 3920 |
| **NYO Commercial Mortgage Trust** <br>4.882% due 11/15/2038 •  | 4400 | 4393 |
| **OBX Trust** <br>3.000% due 01/25/2052 ~ | 3697 | 3206 |
| **PHHMC Trust** <br>5.835% due 07/18/2035 ~ | 43 | 43 |
| **Prime Mortgage Trust** <br>4.193% due 02/25/2034 •  | 1 | 1 |
| **Project Cashmere** <br>4.543% due 12/30/2057 «(a) | 20300 | 14006 |
| **RFMSI Trust** <br>5.398% due 09/25/2035 ~ | $317 | 196 |
| **SFO Commercial Mortgage Trust** <br>4.937% due 05/15/2038 •  | 2200 | 2198 |
| **Structured Adjustable Rate Mortgage Loan Trust**  |  |  |
| 4.443% due 08/25/2035 ~  | 40 | 35 |
| 5.259% due 01/25/2035 •  | 69 | 64 |
| 5.939% due 02/25/2034 ~  | 24 | 23 |
| **Structured Asset Mortgage Investments II Trust** <br>4.353% due 02/25/2036 •  | 29 | 25 |
| **VNDO Trust** <br>3.805% due 01/10/2035 | 1050 | 1048 |
| **WaMu Mortgage Pass-Through Certificates Trust**  |  |  |
| 4.333% due 12/25/2045 •  | 19 | 19 |
| 4.473% due 01/25/2045 •  | 141 | 137 |
| 5.259% due 06/25/2042 •  | 3 | 3 |
| Total Non-Agency Mortgage-Backed Securities (Cost $56,093) |  | 55918 |
| **ASSET-BACKED SECURITIES 6.6%**  |  |  |
| **AUTOMOBILE SEQUENTIAL 0.8%**  |  |  |
| **Carvana Auto Receivables Trust** <br>5.420% due 04/10/2028 | 615 | 616 |
| **Chesapeake Funding II LLC** <br>5.520% due 05/15/2036 | 1572 | 1588 |
| **Citizens Auto Receivables Trust** <br>5.840% due 01/18/2028 | 230 | 230 |
| **Ford Auto Securitization Trust II Asset-Backed Notes** <br>6.027% due 07/15/2028 | 762 | 555 |
| **Ford Credit Auto Owner Trust** <br>4.850% due 08/15/2035 | $1250 | 1264 |
| **GLS Auto Receivables Issuer Trust** <br>4.040% due 11/15/2028 | 2600 | 2598 |
| **Oscar U.S. Funding XIV LLC** <br>2.820% due 04/10/2029 | 1704 | 1691 |
| **Stellantis Financial Underwritten Enhanced Lease Trust** <br>4.630% due 07/20/2027 | 1296 | 1298 |
| **Westlake Automobile Receivables Trust** <br>4.820% due 09/15/2027 | 144 | 144 |
|  |  | 9984 |
| **CMBS OTHER 1.0%**  |  |  |
| **Arbor Realty Commercial Real Estate Notes Ltd.** <br>5.137% due 11/15/2036 •  | 1312 | 1316 |
| **AREIT Trust** <br>4.922% due 01/20/2037 •  | 1940 | 1940 |
| **BDS Ltd.** <br>5.144% due 12/16/2036 •  | 1043 | 1044 |
| **KREF Ltd.** <br>5.127% due 02/17/2039 •  | 1823 | 1825 |
| **LoanCore Issuer Ltd.** <br>5.222% due 01/17/2037 •  | 718 | 717 |
| **MF1 LLC** <br>5.827% due 06/19/2037 •  | 2602 | 2603 |
| **MF1 Ltd.** <br>5.027% due 02/19/2037 •  | 1874 | 1876 |

---

------

<br> Schedule of Investments PIMCO Low Duration Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **TRTX Issuer Ltd.** <br>5.328% due 02/15/2039 •  | 2344 | 2350 |
|  |  | 13671 |
| **CREDIT CARD OTHER 0.3%**  |  |  |
| **Synchrony Card Funding LLC** <br>5.740% due 10/15/2029 | 4400 | 4439 |
| **HOME EQUITY OTHER 0.7%**  |  |  |
| **ACE Securities Corp. Home Equity Loan Trust**  |  |  |
| 3.913% due 10/25/2036 •  | 41 | 16 |
| 4.693% due 12/25/2034 •  | 624 | 575 |
| 4.723% due 02/25/2036 •  | 1843 | 1754 |
| **Asset-Backed Securities Corp. Home Equity Loan Trust** <br>5.437% due 03/15/2032 •  | 4 | 4 |
| **Countrywide Asset-Backed Certificates** <br>4.493% due 12/25/2033 •  | 208 | 211 |
| **Credit Suisse First Boston Mortgage Securities Corp.** <br>4.413% due 01/25/2032 •  | 1 | 1 |
| **GE-WMC Mortgage Securities Trust** <br>3.873% due 08/25/2036 •  | 6 | 3 |
| **Morgan Stanley ABS Capital I, Inc. Trust** <br>4.043% due 05/25/2037 •  | 3383 | 3105 |
| **NovaStar Mortgage Funding Trust** <br>4.113% due 05/25/2036 •  | 297 | 295 |
| **Structured Asset Investment Loan Trust** <br>4.498% due 03/25/2034 •  | 120 | 129 |
| **Structured Asset Securities Corp. Mortgage Loan Trust** <br>4.413% due 05/25/2036 •  | 2490 | 2472 |
|  |  | 8565 |
| **WHOLE LOAN COLLATERAL 0.0%**  |  |  |
| **Opteum Mortgage Acceptance Corp. Asset-Backed Pass-Through Certificates** <br>4.353% due 12/25/2035 •  | 104 | 103 |
| **OTHER ABS 3.8%**  |  |  |
| **Arbour CLO XIII DAC** <br>3.154% due 08/15/2038 •  | 1200 | 1383 |
| **Barings Euro CLO DAC** <br>3.426% due 08/15/2039 •  | 1000 | 1154 |
| **BlueMountain CLO XXXIV Ltd.** <br>4.818% due 04/20/2035 •  | $1200 | 1200 |
| **Bosphorus CLO IX DAC** <br>0.000% due 04/15/2038 •(a) | 500 | 578 |
| **Cairn CLO XI DAC** <br>3.187% due 01/15/2040 •  | 1500 | 1733 |
| **Carlyle Euro CLO DAC**  |  |  |
| 2.874% due 08/15/2032 •  | 1505 | 1741 |
| 3.194% due 08/15/2038 •  | 4500 | 5199 |
| **CCG Receivables Trust** <br>4.480% due 10/14/2032 | $2149 | 2157 |
| **CIFC Funding Ltd.** <br>4.880% due 10/24/2030 •  | 56 | 56 |
| **CVC Cordatus Loan Fund XII DAC** <br>3.285% due 01/23/2039 •  | 500 | 577 |
| **Dryden 86 CLO Ltd.** <br>4.798% due 07/17/2034 •  | $500 | 501 |
| **Elevation CLO Ltd.** <br>4.968% due 01/25/2035 •  | 1200 | 1201 |
| **Fortress Credit BSL X Ltd.** <br>4.768% due 04/20/2033 •  | 356 | 356 |
| **ICG Euro CLO DAC** <br>3.320% (EUR003M + 1.290%) due 01/26/2038 ~ | 600 | 693 |
| **Indigo Credit Management II DAC** <br>3.216% due 07/15/2038 •  | 1200 | 1387 |
| **Madison Park Euro Funding XIV DAC** <br>2.816% due 07/15/2032 •  | 4158 | 4800 |
| **Massachusetts Educational Financing Authority** <br>5.099% due 04/25/2038 •  | $37 | 37 |
| **Palmer Square Loan Funding Ltd.**  |  |  |
| 4.480% due 08/08/2032 •  | 1300 | 1300 |
| 4.480% due 10/15/2032 •  | 500 | 500 |
| **Penta CLO 9 DAC** <br>2.880% due 07/25/2036 •  | 500 | 576 |
| **Pikes Peak CLO 2** <br>4.888% due 10/11/2034 •  | $1000 | 1001 |
| **Pikes Peak CLO 4** <br>4.882% due 07/15/2034 •  | 1100 | 1102 |
| **QTS Issuer ABS II LLC** <br>5.044% due 10/05/2055 | 2500 | 2453 |
| **Romark Credit Funding III Ltd.** <br>5.539% due 09/15/2042 | 700 | 701 |

---

------

<br> Schedule of Investments PIMCO Low Duration Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Shackleton CLO Ltd.** <br>4.868% due 07/20/2034 •  | 1500 | 1502 |
| **SMB Private Education Loan Trust**  |  |  |
| 3.940% due 02/16/2055  | 2016 | 1956 |
| 5.122% due 02/16/2055 •  | 2016 | 2037 |
| 5.380% due 07/15/2053  | 782 | 794 |
| 5.670% due 11/15/2052  | 1715 | 1751 |
| **Stonepeak ABS** <br>2.301% due 02/28/2033 | 1369 | 1340 |
| **Tesla Sustainable Energy Trust** <br>5.080% due 06/21/2050 | 361 | 361 |
| **Toro European CLO 2 DAC** <br>3.020% due 07/25/2034 •  | 500 | 578 |
| **Toro European CLO 7 DAC** <br>2.794% due 02/15/2034 •  | 4209 | 4859 |
| **Trimaran CAVU Ltd.** <br>4.667% due 10/25/2034 •  | $1200 | 1200 |
| **Trinitas CLO VI Ltd.** <br>4.778% due 01/25/2034 •  | 1300 | 1301 |
|  |  | 50065 |
| Total Asset-Backed Securities (Cost $86,554) |  | 86827 |
| **SOVEREIGN ISSUES 3.8%**  |  |  |
| **Brazil Letras do Tesouro Nacional**  |  |  |
| 0.000% due 07/01/2026 (c)  | 65600 | 12265 |
| 0.000% due 10/01/2026 (c)  | 106100 | 19189 |
| **Cassa Depositi e Prestiti SpA** <br>5.875% due 04/30/2029 | $3100 | 3236 |
| **Israel Government International Bonds** <br>5.375% due 02/19/2030 | 1500 | 1524 |
| **Korea Expressway Corp.** <br>5.000% due 05/14/2027 | 2000 | 2018 |
| **Korea Housing Finance Corp.** <br>4.875% due 08/27/2027 | 1300 | 1314 |
| **Kuwait International Government Bonds** <br>4.016% due 10/09/2028 | 2800 | 2762 |
| **Republic of Poland Government International Bonds** <br>4.625% due 03/18/2029 | 3850 | 3897 |
| **Saudi Government International Bonds** <br>5.125% due 01/13/2028 | 3600 | 3639 |
| Total Sovereign Issues (Cost $49,311) |  | 49844 |
| **SHORT-TERM INSTRUMENTS 38.2%**  |  |  |
| **COMMERCIAL PAPER 3.3%**  |  |  |
| **AES Corp.**  |  |  |
| 4.150% due 04/02/2026  | 250 | 250 |
| 4.150% due 04/17/2026  | 250 | 249 |
| **Air Lease Corp.**  |  |  |
| 4.320% due 04/02/2026  | 2250 | 2249 |
| 4.350% due 04/14/2026  | 500 | 499 |
| **Alimentation Couche-Tard, Inc.**  |  |  |
| 3.930% due 04/01/2026  | 300 | 300 |
| 4.100% due 04/21/2026  | 500 | 499 |
| **AMETEK, Inc.** <br>4.150% due 04/20/2026 | 250 | 249 |
| **Boston Properties LP** <br>4.200% due 04/27/2026 | 1000 | 997 |
| **CBRE Services, Inc.** <br>3.970% due 06/12/2026 | 750 | 744 |
| **Constellation Energy Generation LLC**  |  |  |
| 3.870% due 04/01/2026  | 1300 | 1300 |
| 3.870% due 04/02/2026  | 1000 | 1000 |
| 3.900% due 04/06/2026  | 400 | 400 |
| **Crown Castle, Inc.**  |  |  |
| 4.120% due 04/07/2026  | 250 | 250 |
| 4.300% due 04/21/2026  | 550 | 549 |
| **Edison International** <br>4.380% due 04/17/2026 | 250 | 249 |
| **Electricite de France SA** <br>3.900% due 04/01/2026 | 500 | 500 |
| **Elevance Health, Inc.** <br>4.050% due 04/13/2026 | 400 | 399 |
| **ERAC USA Finance LLC**  |  |  |
| 3.980% due 04/10/2026  | 250 | 250 |
| 4.150% due 04/24/2026  | 450 | 449 |
| 4.170% due 04/20/2026  | 950 | 948 |
| **Eversource Energy** <br>4.050% due 04/09/2026 | 250 | 250 |
| **Extra Space Storage LP** <br>4.180% due 04/22/2026 | 250 | 249 |
| **Fidelity National Information Services, Inc.**  |  |  |
| 4.150% due 04/09/2026  | 250 | 250 |

---

------

<br> Schedule of Investments PIMCO Low Duration Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.150% due 04/17/2026  | 550 | 549 |
| 4.150% due 04/20/2026  | 450 | 449 |
| 4.170% due 04/24/2026  | 250 | 249 |
| **Genuine Parts Co.**  |  |  |
| 4.220% due 04/09/2026  | 250 | 250 |
| 4.280% due 04/06/2026  | 250 | 250 |
| 4.340% due 04/28/2026  | 250 | 249 |
| **Glencore Funding LLC**  |  |  |
| 4.130% due 04/30/2026  | 1350 | 1345 |
| 4.150% due 05/04/2026  | 1300 | 1295 |
| **Global Payments, Inc.**  |  |  |
| 4.200% due 04/01/2026  | 250 | 250 |
| 4.200% due 04/02/2026  | 550 | 550 |
| 4.200% due 04/06/2026  | 400 | 400 |
| 4.220% due 04/02/2026  | 250 | 250 |
| 4.220% due 04/06/2026  | 450 | 450 |
| 4.220% due 04/07/2026  | 1400 | 1399 |
| 4.230% due 04/02/2026  | 250 | 250 |
| 4.230% due 04/07/2026  | 500 | 500 |
| 4.250% due 04/06/2026  | 800 | 799 |
| **Harley-Davidson Financial Services, Inc.**  |  |  |
| 4.170% due 04/07/2026  | 100 | 100 |
| 4.170% due 04/08/2026  | 200 | 200 |
| **HCA, Inc.**  |  |  |
| 4.150% due 04/16/2026  | 700 | 699 |
| 4.150% due 04/17/2026  | 250 | 249 |
| 4.150% due 04/22/2026  | 450 | 449 |
| 4.200% due 05/11/2026  | 2550 | 2537 |
| 4.200% due 05/18/2026  | 850 | 845 |
| 4.250% due 05/13/2026  | 650 | 646 |
| 4.380% due 05/01/2026  | 900 | 897 |
| **Jabil, Inc.**  |  |  |
| 4.050% due 04/08/2026  | 250 | 250 |
| 4.120% due 04/08/2026  | 1000 | 999 |
| 4.150% due 05/13/2026  | 1000 | 994 |
| **Jones Lang LaSalle Finance BV**  |  |  |
| 3.990% due 04/08/2026  | 250 | 250 |
| 4.250% due 04/09/2026  | 250 | 250 |
| **JTI Financial Services North America LLC** <br>4.070% due 05/20/2026 | 750 | 746 |
| **Keurig Dr. Pepper, Inc.**  |  |  |
| 3.900% due 04/23/2026  | 250 | 249 |
| 3.910% due 04/23/2026  | 300 | 299 |
| 3.920% due 04/27/2026  | 250 | 249 |
| 3.970% due 04/15/2026  | 1150 | 1148 |
| 4.380% due 05/07/2026  | 1150 | 1145 |
| **NextEra Energy Capital Holdings, Inc.** <br>3.800% due 04/07/2026 | 250 | 250 |
| **Phillips 66**  |  |  |
| 4.000% due 04/01/2026  | 400 | 400 |
| 4.000% due 04/02/2026  | 1650 | 1650 |
| 4.050% due 04/08/2026  | 1050 | 1049 |
| 4.150% due 04/20/2026  | 250 | 249 |
| 4.300% due 04/24/2026  | 1000 | 997 |
| 4.350% due 05/01/2026  | 250 | 249 |
| 4.360% due 05/01/2026  | 1700 | 1694 |
| 4.400% due 05/29/2026  | 800 | 795 |
| **Rogers Communications, Inc.** <br>4.200% due 04/09/2026 | 250 | 250 |
| **S&P Global, Inc.** <br>4.000% due 04/06/2026 | 550 | 550 |
|  |  | 43897 |
| **REPURCHASE AGREEMENTS (f) 23.6%** |  | 310486 |
| **U.S. TREASURY BILLS 11.3%**  |  |  |
| 3.699% due 04/23/2026 - 07/21/2026 (b)(c)(j) | 150000 | 149087 |
| Total Short-Term Instruments (Cost $505,102) |  | 503470 |
| Total Investments in Securities (Cost $1,387,273) |  | 1385454 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 14.7%**  |  |  |
| **SHORT-TERM INSTRUMENTS 14.7%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 14.7%**  |  |  |
| **PIMCO Short Asset Portfolio** | 12978137 | 127380 |
| **PIMCO Short-Term Floating NAV Portfolio III** | 6754438 | 65782 |

---

------

<br> Schedule of Investments PIMCO Low Duration Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | |
|:---|:---|
| Total Short-Term Instruments (Cost $191,453) | 193162 |
| Total Investments in Affiliates (Cost $191,453) | 193162 |
| Total Investments 120.1% (Cost $1,578,726) | $1578616 |
| **Financial Derivative Instruments (g)(i) 0.0**%(Cost or Premiums, net $1,939) | 611 |
| Other Assets and Liabilities, net (20.1)% | (264851) |
| Net Assets 100.0% | $1314376 |

---

------

<br> Schedule of Investments PIMCO Low Duration Portfolio (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.** |
| **(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)** | **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 | Issuer Description | Issuer Description | Maturity<br>Date | Acquisition<br>Date | Acquisition<br>Date | Acquisition<br>Date | Cost | Cost | Cost |  | Market<br>Value | <br>Market Value<br>as Percentage<br>of Net Assets |
| Hardwood Funding LLC | Hardwood Funding LLC | Hardwood Funding LLC | Hardwood Funding LLC | Hardwood Funding LLC | 06/07/2030 | 03/11/2025 | 03/11/2025 | 03/11/2025 | 1000 | 1000 | 1000 | $ | 1003 | 0.08% |
| **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** |
| **(f)** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** |
| Counterparty | Counterparty | Lending<br>Rate | Settlement<br>Date | Maturity<br>Date | Principal<br>Amount | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | Collateral<br>(Received) | Collateral<br>(Received) | Collateral<br>(Received) | Repurchase<br>Agreements,<br>at Value | Repurchase<br>Agreement<br>Proceeds<br>to be<br>Received<sup>(1)</sup> |
| BOS | BOS | 3.680%  | 04/01/2026 | 04/02/2026 | 80600 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 03/31/2029 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 03/31/2029 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 03/31/2029 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 03/31/2029 | $(82217) | (82217) | (82217) | 80600 | $80600 |
|  |  | 3.690  | 03/23/2026 | 04/13/2026 | 50000 | &nbsp;&nbsp; U.S. Treasury Notes 1.375% due 10/31/2028 | &nbsp;&nbsp; U.S. Treasury Notes 1.375% due 10/31/2028 | &nbsp;&nbsp; U.S. Treasury Notes 1.375% due 10/31/2028 | &nbsp;&nbsp; U.S. Treasury Notes 1.375% due 10/31/2028 | (51221) | (51221) | (51221) | 50000 | 50046 |
|  |  | 3.710  | 03/31/2026 | 04/01/2026 | 107900 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 03/31/2029 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 03/31/2029 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 03/31/2029 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 03/31/2029 | (110204) | (110204) | (110204) | 107900 | 107911 |
| SAL | SAL | 3.670  | 04/01/2026 | 04/02/2026 | 100 | &nbsp;&nbsp; U.S. Treasury Notes 3.625% due 03/31/2028 | &nbsp;&nbsp; U.S. Treasury Notes 3.625% due 03/31/2028 | &nbsp;&nbsp; U.S. Treasury Notes 3.625% due 03/31/2028 | &nbsp;&nbsp; U.S. Treasury Notes 3.625% due 03/31/2028 | (102) | (102) | (102) | 100 | 100 |
| TOR | TOR | 2.230  | 03/12/2026 | 04/09/2026 | 100000 | &nbsp;&nbsp; Government of Newfoundland and Labrador 3.850% due 12/02/2034 | &nbsp;&nbsp; Government of Newfoundland and Labrador 3.850% due 12/02/2034 | &nbsp;&nbsp; Government of Newfoundland and Labrador 3.850% due 12/02/2034 | &nbsp;&nbsp; Government of Newfoundland and Labrador 3.850% due 12/02/2034 | (40497) | (40497) | (40497) | 71886 | 71975 |
|  |  |  |  |  |  | &nbsp;&nbsp; Province of Alberta 4.150% due 06/01/2033 | &nbsp;&nbsp; Province of Alberta 4.150% due 06/01/2033 | &nbsp;&nbsp; Province of Alberta 4.150% due 06/01/2033 | &nbsp;&nbsp; Province of Alberta 4.150% due 06/01/2033 | (22096) | (22096) | (22096) |  |  |
|  |  |  |  |  |  | &nbsp;&nbsp; Province of Alberta Canada 4.150% due 06/01/2033 | &nbsp;&nbsp; Province of Alberta Canada 4.150% due 06/01/2033 | &nbsp;&nbsp; Province of Alberta Canada 4.150% due 06/01/2033 | &nbsp;&nbsp; Province of Alberta Canada 4.150% due 06/01/2033 | (11046) | (11046) | (11046) |  |  |
| **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** |  |  |  |  | $**(317383)** | **(317383)** | **(317383)** | **310486** | $**310632** |
| **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:** | **SHORT SALES:** |
| Description | Description | Description | Description | Description | Description | Description | Coupon | Maturity<br>Date | Principal<br>Amount | Principal<br>Amount | Principal<br>Amount | Proceeds | Proceeds | Payable for<br>Short Sales |
| U.S. Government Agencies (6.5)% | U.S. Government Agencies (6.5)% | U.S. Government Agencies (6.5)% | U.S. Government Agencies (6.5)% | U.S. Government Agencies (6.5)% | U.S. Government Agencies (6.5)% | U.S. Government Agencies (6.5)% | U.S. Government Agencies (6.5)% | U.S. Government Agencies (6.5)% | U.S. Government Agencies (6.5)% | U.S. Government Agencies (6.5)% | U.S. Government Agencies (6.5)% | U.S. Government Agencies (6.5)% | U.S. Government Agencies (6.5)% | U.S. Government Agencies (6.5)% |
| &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  | 3.000% | 06/01/2040 | $38700 | 38700 | 38700 | $ | (33868) | $(33940) |
| &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  | 3.500 | 06/01/2056 | 34500 | 34500 | 34500 |  | (31449) | (31560) |
| &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  | 4.000 | 05/01/2056 | 14000 | 14000 | 14000 |  | (13346) | (13201) |
| &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  | 5.000 | 04/01/2056 | 6400 | 6400 | 6400 |  | (6401) | (6313) |
| **Total Short Sales (6.5)%** | **Total Short Sales (6.5)%** | **Total Short Sales (6.5)%** | **Total Short Sales (6.5)%** | **Total Short Sales (6.5)%** | **Total Short Sales (6.5)%** | **Total Short Sales (6.5)%** |  |  |  |  |  | **$** | **(85064)** | $**(85014)** |
| <sup>(1)</sup> | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. |
| **Cash of $103 has been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Cash of $103 has been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Cash of $103 has been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Cash of $103 has been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Cash of $103 has been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Cash of $103 has been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Cash of $103 has been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Cash of $103 has been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Cash of $103 has been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Cash of $103 has been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Cash of $103 has been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Cash of $103 has been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Cash of $103 has been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Cash of $103 has been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Cash of $103 has been pledged as collateral under the terms of master agreements as of March 31, 2026.** |
| **(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** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** |
| Description | Description | Description | Description | Description | Description | Expiration<br>Date | Expiration<br>Date | # of<br>Contracts | Notional Amount | Notional Amount | Premiums<br>(Received) | Premiums<br>(Received) | Premiums<br>(Received) | Market<br>Value |
| Put - CBOE U.S. Treasury 10-Year Note May Futures  | Put - CBOE U.S. Treasury 10-Year Note May Futures  | Put - CBOE U.S. Treasury 10-Year Note May Futures  | Put - CBOE U.S. Treasury 10-Year Note May Futures  | Put - CBOE U.S. Treasury 10-Year Note May Futures  | Put - CBOE U.S. Treasury 10-Year Note May Futures  | 04/24/2026 | 04/24/2026 | 16 | 16 | 16 | (5) | (5) | (5) | (6) |
| Call - CBOE U.S. Treasury 10-Year Note May Futures  | Call - CBOE U.S. Treasury 10-Year Note May Futures  | Call - CBOE U.S. Treasury 10-Year Note May Futures  | Call - CBOE U.S. Treasury 10-Year Note May Futures  | Call - CBOE U.S. Treasury 10-Year Note May Futures  | Call - CBOE U.S. Treasury 10-Year Note May Futures  | 04/24/2026 | 04/24/2026 | 16 | 16 | 16 | (4) | (4) | (4) | (2) |
| **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** | **$** | $**(9)** | **(9)** | **(9)** | **(8)** |

---

------

<br> Schedule of Investments PIMCO Low Duration Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u><sup>(1)</sup> | <u>Variation Margin</u><sup>(1)</sup> | <u>Variation Margin</u><sup>(1)</sup> | <u>Variation Margin</u><sup>(1)</sup> |
| Description | Description | Description | Description | Description | Description |  |  | 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) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| 3-Month EURIBOR December Futures  | 3-Month EURIBOR December Futures  | 3-Month EURIBOR December Futures  | 3-Month EURIBOR December Futures  | 3-Month EURIBOR December Futures  | 3-Month EURIBOR December Futures  | 3-Month EURIBOR December Futures  | 3-Month EURIBOR December Futures  | 12/2026 | 12/2026 | 226 | 63464 | 63464 | $(207) | (207) | (207) | (207) | 0 | 0 | 0 | 0 |
| Euro-Bobl June Futures  | Euro-Bobl June Futures  | Euro-Bobl June Futures  | Euro-Bobl June Futures  | Euro-Bobl June Futures  | Euro-Bobl June Futures  | Euro-Bobl June Futures  | Euro-Bobl June Futures  | 06/2026 | 06/2026 | 10 | 1334 | 1334 | (21) | (21) | (21) | (21) | 5 | 5 | 5 | 0 |
| Euro-Bund June Futures  | Euro-Bund June Futures  | Euro-Bund June Futures  | Euro-Bund June Futures  | Euro-Bund June Futures  | Euro-Bund June Futures  | Euro-Bund June Futures  | Euro-Bund June Futures  | 06/2026 | 06/2026 | 9 | 1304 | 1304 | (33) | (33) | (33) | (33) | 9 | 9 | 9 | 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  | 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 | 5464 | 1133481 | 1133481 | (8362) | (8362) | (8362) | (8362) | 427 | 427 | 427 | 0 |
| 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  | U.S. Treasury 5-Year Note June Futures  | 06/2026 | 06/2026 | 2040 | 220687 | 220687 | (3017) | (3017) | (3017) | (3017) | 270 | 270 | 270 | (3) |
|  |  |  |  |  |  |  |  |  |  |  |  |  | (11640) | (11640) | (11640) | $ | 711 | 711 | $ | (3) |
| **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><sup>(1)</sup> | <u>Variation Margin</u><sup>(1)</sup> | <u>Variation Margin</u><sup>(1)</sup> | <u>Variation Margin</u><sup>(1)</sup> |
| Description | Description | Description | Description | Description | Description |  |  | 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) | 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  | U.S. Treasury 10-Year Note June Futures  | 06/2026 | 06/2026 | 15 | (1666) | (1666) | $33 | 33 | 33 | 33 | 0 | 0 | 0 | (3) |
| 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 | 1064 | (120781) | (120781) | 2692 | 2692 | 2692 | 2692 | 0 | 0 | 0 | (316) |
|  |  |  |  |  |  |  |  |  |  |  |  |  | 2725 | 2725 | 2725 | $ | 0 | 0 | $ | (319) |
| **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** | **(8915)** | **(8915)** | **(8915)** | **$** | **711** | **711** | **$** | **(322)** |
| **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>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(2)</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>(3)</sup> | Implied<br>Credit Spread at<br>March 31, 2026<sup>(3)</sup> | Implied<br>Credit Spread at<br>March 31, 2026<sup>(3)</sup> | Implied<br>Credit Spread at<br>March 31, 2026<sup>(3)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) |  | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Market<br>Value<sup>(5)</sup> | Asset | Asset | Liability |
| Goldman Sachs Group, Inc.  | Goldman Sachs Group, Inc.  | 1.000% | Quarterly | 06/20/2026 | 06/20/2026 | 0.312 | 0.312 | 0.312 | % | $500 | 3 | $ | (2) | $ | 1 | 1 | 1 | 0 | 0 | 0 |
| Morgan Stanley  | Morgan Stanley  | 1.000 | Quarterly | 06/20/2026 | 06/20/2026 | 0.303 | 0.303 | 0.303 |  | 3000 | 12 |  | (7) |  | 5 | 5 | 5 | 0 | 0 | 0 |
| Oracle Corp.  | Oracle Corp.  | 1.000 | Quarterly | 06/20/2030 | 06/20/2030 | 1.622 | 1.622 | 1.622 |  | 1000 | 22 |  | (45) |  | (23) | (23) | (23) | 2 | 2 | 0 |
|  |  |  |  |  |  |  |  |  |  |  | 37 | $ | (54) | $ | (17) | (17) | (17) | 2 | 2 | 0 |
| **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 | Floating Rate Index | Floating Rate Index | Floating Rate Index | Fixed Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | 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 | Market<br>Value | Asset | Asset | Liability |
| Pay | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.500% | Annual | Annual | 03/18/2031 | 03/18/2031 | GBP | 18440 | $(81) | (81) | (705) | (705) | $(786) | (786) | (786) | $59 | 59 | $0 |
| Pay | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.930 | Annual | Annual | 01/06/2035 | 01/06/2035 |  | 300 | (1) | (1) | (12) | (12) | (13) | (13) | (13) | 1 | 1 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1.000 | Annual | Annual | 03/18/2028 | 03/18/2028 | JPY | 10470000 | 362 | 362 | 83 | 83 | 445 | 445 | 445 | 0 | 0 | (38) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 2.150 | Annual | Annual | 06/15/2027 | 06/15/2027 | $ | 31500 | (120) | (120) | (942) | (942) | (1062) | (1062) | (1062) | 8 | 8 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | Annual | 12/18/2029 | 12/18/2029 |  | 16000 | 36 | 36 | (131) | (131) | (95) | (95) | (95) | 0 | 0 | (15) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.842 | Annual | Annual | 03/04/2030 | 03/04/2030 |  | 2100 | (4) | (4) | (16) | (16) | (20) | (20) | (20) | 0 | 0 | (2) |
| Receive<sup>(6)</sup> | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.407 | Annual | Annual | 08/31/2030 | 08/31/2030 |  | 220 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.582 | Annual | Annual | 10/31/2030 | 10/31/2030 |  | 7930 | 0 | 0 | 15 | 15 | 15 | 15 | 15 | 0 | 0 | (8) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.623 | Annual | Annual | 10/31/2030 | 10/31/2030 |  | 2600 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (3) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.664 | Annual | Annual | 10/31/2030 | 10/31/2030 |  | 1700 | 0 | 0 | (3) | (3) | (3) | (3) | (3) | 0 | 0 | (2) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.677 | Annual | Annual | 10/31/2030 | 10/31/2030 |  | 1400 | 0 | 0 | (3) | (3) | (3) | (3) | (3) | 0 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.689 | Annual | Annual | 10/31/2030 | 10/31/2030 |  | 5900 | 0 | 0 | (18) | (18) | (18) | (18) | (18) | 0 | 0 | (6) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.691 | Annual | Annual | 10/31/2030 | 10/31/2030 |  | 2700 | 0 | 0 | (8) | (8) | (8) | (8) | (8) | 0 | 0 | (3) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.722 | Annual | Annual | 10/31/2030 | 10/31/2030 |  | 5600 | 0 | 0 | (26) | (26) | (26) | (26) | (26) | 0 | 0 | (6) |

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<br> Schedule of Investments PIMCO Low Duration Portfolio (Cont.) March 31, 2026 (Unaudited)

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| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.735 | Annual | 10/31/2030 | 3700 |  | 0 |  | (19) |  | (19) |  | 0 |  | (4) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.739 | Annual | 10/31/2030 | 2100 |  | 0 |  | (11) |  | (11) |  | 0 |  | (2) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 05/15/2032 | 59700 |  | 4 |  | (178) |  | (174) |  | 0 |  | (70) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.000 | Annual | 12/21/2032 | 12230 |  | 1262 |  | 42 |  | 1304 |  | 0 |  | (14) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.850 | Annual | 08/05/2034 | 400 |  | (2) |  | 1 |  | (1) |  | 0 |  | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.679 | Annual | 08/13/2034 | 100 |  | 0 |  | 1 |  | 1 |  | 0 |  | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.558 | Annual | 08/21/2034 | 200 |  | (1) |  | 5 |  | 4 |  | 0 |  | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.605 | Annual | 08/28/2034 | 200 |  | (1) |  | 4 |  | 3 |  | 0 |  | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.514 | Annual | 09/04/2034 | 300 |  | (1) |  | 8 |  | 7 |  | 0 |  | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.408 | Annual | 09/05/2034 | 200 |  | (1) |  | 7 |  | 6 |  | 0 |  | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.232 | Annual | 09/10/2034 | 150 |  | (1) |  | 8 |  | 7 |  | 0 |  | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.240 | Annual | 09/16/2034 | 300 |  | (1) |  | 14 |  | 13 |  | 0 |  | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.278 | Annual | 09/16/2034 | 280 |  | (1) |  | 12 |  | 11 |  | 0 |  | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.280 | Annual | 09/16/2034 | 200 |  | (1) |  | 9 |  | 8 |  | 0 |  | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.231 | Annual | 09/18/2034 | 500 |  | (2) |  | 24 |  | 22 |  | 0 |  | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.000 | Annual | 02/26/2035 | 100 |  | 0 |  | (1) |  | (1) |  | 0 |  | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.890 | Annual | 03/03/2035 | 150 |  | (1) |  | 0 |  | (1) |  | 0 |  | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.908 | Annual | 03/04/2035 | 900 |  | (3) |  | (3) |  | (6) |  | 0 |  | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.870 | Annual | 03/05/2035 | 300 |  | (1) |  | 0 |  | (1) |  | 0 |  | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.874 | Annual | 03/05/2035 | 1200 |  | (4) |  | (1) |  | (5) |  | 0 |  | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.899 | Annual | 03/11/2035 | 900 |  | (3) |  | (3) |  | (6) |  | 0 |  | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.905 | Annual | 03/12/2035 | 600 |  | (2) |  | (2) |  | (4) |  | 0 |  | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.975 | Annual | 03/21/2035 | 1300 |  | (4) |  | (12) |  | (16) |  | 0 |  | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.930 | Annual | 03/24/2035 | 1500 |  | (5) |  | (8) |  | (13) |  | 0 |  | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.884 | Annual | 03/25/2035 | 800 |  | (2) |  | (2) |  | (4) |  | 0 |  | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/18/2035 | 10000 |  | 213 |  | 311 |  | 524 |  | 0 |  | (10) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2035 | 1225 |  | (8) |  | 19 |  | 11 |  | 0 |  | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.748 | Annual | 03/03/2036 | 1000 |  | (2) |  | 11 |  | 9 |  | 0 |  | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.775 | Annual | 03/03/2036 | 1100 |  | (2) |  | 10 |  | 8 |  | 0 |  | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 12/17/2045 | 775 |  | 26 |  | 19 |  | 45 |  | 1 |  | 0 |
| Pay | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | 06/18/2035 | 35600 |  | 605 |  | (1533) |  | (928) |  | 311 |  | 0 |
| Receive | 6-Month EUR-EURIBOR | 2.700 | Annual | 08/13/2029 | 700 |  | (1) |  | (7) |  | (8) |  | 0 |  | (2) |
| Receive | 6-Month EUR-EURIBOR | 2.650 | Annual | 08/14/2029 | 300 |  | 0 |  | (3) |  | (3) |  | 0 |  | (1) |
| Receive | 6-Month EUR-EURIBOR | 2.300 | Annual | 09/25/2029 | 200 |  | 0 |  | 2 |  | 2 |  | 0 |  | (1) |
| Receive | 6-Month EUR-EURIBOR | 2.400 | Annual | 04/09/2030 | 300 |  | (1) |  | 2 |  | 1 |  | 0 |  | (1) |
| Receive | 6-Month EUR-EURIBOR | 2.590 | Annual | 08/19/2034 | 200 |  | (1) |  | 5 |  | 4 |  | 0 |  | (2) |
| Receive | 6-Month EUR-EURIBOR | 2.400 | Annual | 02/12/2035 | 100 |  | 0 |  | 5 |  | 5 |  | 0 |  | (1) |
| Receive | 6-Month EUR-EURIBOR | 2.520 | Annual | 04/09/2035 | 200 |  | (1) |  | 7 |  | 6 |  | 0 |  | (2) |
| Receive | 6-Month EUR-EURIBOR | 2.550 | Annual | 04/16/2035 | 300 |  | (1) |  | 9 |  | 8 |  | 0 |  | (2) |
| Receive | 6-Month EUR-EURIBOR | 2.530 | Annual | 04/23/2035 | 170 |  | (1) |  | 6 |  | 5 |  | 0 |  | (1) |
| Receive | 6-Month EUR-EURIBOR | 2.450 | Annual | 05/05/2035 | 300 |  | (1) |  | 12 |  | 11 |  | 0 |  | (2) |
| Pay | CDX.IG-46 5-Year Index | 1.000 | Quarterly | 06/20/2031 | $500 |  | 9 |  | 0 |  | 9 |  | 1 |  | 0 |
|  |  |  |  |  |  | $2255 | 2255 | $(2995) | (2995) | $(740) | (740) | $381 | 381 | $(210) | (210) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | $**2292** | **2292** | $**(3049)** | **(3049)** | $**(757)** | **(757)** | $**383** | **383** | $**(210)** | **(210)** |

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<br> Schedule of Investments PIMCO Low Duration Portfolio (Cont.) March 31, 2026 (Unaudited)

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

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **(h)** | **Securities with an aggregate market value of $1,424 and cash of $17,618 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 $1,424 and cash of $17,618 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 $1,424 and cash of $17,618 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 $1,424 and cash of $17,618 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 $1,424 and cash of $17,618 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 $1,424 and cash of $17,618 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 $1,424 and cash of $17,618 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** |
| <sup>(1)</sup> | Unsettled variation margin asset of $59 for closed futures is outstanding at period end. | Unsettled variation margin asset of $59 for closed futures is outstanding at period end. | Unsettled variation margin asset of $59 for closed futures is outstanding at period end. | Unsettled variation margin asset of $59 for closed futures is outstanding at period end. | Unsettled variation margin asset of $59 for closed futures is outstanding at period end. | Unsettled variation margin asset of $59 for closed futures is outstanding at period end. | Unsettled variation margin asset of $59 for closed futures is outstanding at period end. |
| <sup>(2)</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. |
| <sup>(3)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(4)</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>(5)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(6)</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. |
| **(i)** | **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  | 9500 | $6936 | 6936 | $106 | $0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | 04/2026  | 6306 | 1209 | 1209 | 0 | (8) |
|  |  | 04/2026  | 1530 | 222 | 222 | 0 | 0 |
|  |  | 04/2026  | 54624 | 582 | 582 | 5 | 0 |
|  |  | 04/2026  | 174990 | 120 | 120 | 3 | 0 |
|  |  | 04/2026  | 1223 | 331 | 331 | 1 | 0 |
|  |  | 04/2026  | $1204 | 6306 | 6306 | 13 | 0 |
|  |  | 04/2026  | 80 | 551 | 551 | 0 | 0 |
|  |  | 04/2026  | 8578 | 779837 | 779837 | 1 | (339) |
|  |  | 06/2026  | 2247 | $727 | 727 | 11 | 0 |
|  |  | 06/2026  | 7934 | 443 | 443 | 3 | 0 |
|  |  | 06/2026  | $65 | 347 | 347 | 1 | 0 |
|  |  | 06/2026  | 20 | 63 | 63 | 0 | 0 |
|  |  | 10/2026  | 4400 | $805 | 805 | 0 | (9) |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | 04/2026  | 50692 | 9338 | 9338 | 0 | (449) |
|  |  | 04/2026  | 100171 | 73806 | 73806 | 1771 | 0 |
|  |  | 04/2026  | 553 | 80 | 80 | 0 | 0 |
|  |  | 04/2026  | 2193 | 710 | 710 | 13 | 0 |
|  |  | 04/2026  | 427034 | 284 | 284 | 1 | (1) |
|  |  | 04/2026  | 471 | 127 | 127 | 0 | 0 |
|  |  | 04/2026  | 53871 | 1666 | 1666 | 32 | (1) |
|  |  | 04/2026  | $9656 | 50692 | 50692 | 131 | 0 |
|  |  | 04/2026  | 35 | 26 | 26 | 0 | (1) |
|  |  | 04/2026  | 2690 | 45508577 | 45508577 | 0 | (9) |
|  |  | 04/2026  | 523 | 1658 | 1658 | 4 | 0 |
|  |  | 04/2026  | 307 | 458322 | 458322 | 1 | (3) |
|  |  | 04/2026  | 178 | 644 | 644 | 0 | (5) |
|  |  | 04/2026  | 0 | 13 | 13 | 0 | 0 |
|  |  | 04/2026  | 1406 | 44938 | 44938 | 0 | (4) |
|  |  | 04/2026  | 7267 | $429 | 429 | 0 | 0 |
|  |  | 05/2026  | 1656 | 523 | 523 | 0 | (4) |
|  |  | 05/2026  | 118206 | 1249 | 1249 | 0 | (5) |
|  |  | 05/2026  | 27067 | 840 | 840 | 0 | (4) |
|  |  | 05/2026  | $490 | 2572 | 2572 | 4 | 0 |
|  |  | 05/2026  | 624 | 10620043 | 10620043 | 2 | 0 |
|  |  | 05/2026  | 126 | 4136 | 4136 | 0 | 0 |
|  |  | 06/2026  | 7120839 | $423 | 423 | 4 | 0 |
|  |  | 06/2026  | $1266 | 6726 | 6726 | 16 | 0 |
|  |  | 06/2026  | 1099 | 18494588 | 18494588 | 0 | (11) |
|  |  | 06/2026  | 78 | 2517 | 2517 | 0 | 0 |
|  |  | 07/2026  | 12000 | $2230 | 2230 | 0 | (40) |
|  |  | 07/2026  | $3833 | 20589 | 20589 | 62 | 0 |
|  |  | 10/2026  | 29100 | $5308 | 5308 | 0 | (77) |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | &nbsp;&nbsp;&nbsp;&nbsp; BRC | 04/2026  | $9 | 31 | 31 | 0 | 0 |
|  |  | 04/2026  | 915 | 14973 | 14973 | 0 | (31) |
|  |  | 06/2026  | 31 | $10 | 10 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | &nbsp;&nbsp;&nbsp;&nbsp; BSH | 04/2026  | 60300 | 10952 | 10952 | 0 | (689) |
|  |  | 04/2026  | 314219 | 1968 | 1968 | 0 | (12) |
|  |  | 04/2026  | $11611 | 60300 | 60300 | 30 | 0 |
|  |  | 04/2026  | 6092 | 10553 | 10553 | 0 | (28) |
|  |  | 04/2026  | 101 | 367 | 367 | 0 | (3) |
|  |  | 05/2026  | 10553 | $6099 | 6099 | 28 | 0 |
|  |  | 05/2026  | $1968 | 313273 | 313273 | 12 | 0 |
|  |  | 10/2026  | 64300 | $11869 | 11869 | 0 | (32) |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | &nbsp;&nbsp;&nbsp;&nbsp; CBK | 04/2026  | 516 | 75 | 75 | 0 | 0 |
|  |  | 04/2026  | 217 | 251 | 251 | 0 | 0 |

---

------

<br> Schedule of Investments PIMCO Low Duration Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 04/2026  | 427202 | 4574 | 62 | 0 |
|  | 04/2026  | 81900 | 515 | 0 | (1) |
|  | 04/2026  | 1160 | 119 | 0 | (1) |
|  | 04/2026  | 52 | 2 | 0 | 0 |
|  | 04/2026  | 2497 | 78 | 0 | 0 |
|  | 04/2026  | $232 | 1598 | 0 | 0 |
|  | 04/2026  | 4461 | 417588 | 9 | (26) |
|  | 05/2026  | 0 | 7 | 0 | 0 |
|  | 06/2026  | 514 | $167 | 3 | 0 |
|  | 06/2026  | $170 | 2863503 | 0 | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | 04/2026  | 1946 | $284 | 1 | 0 |
|  | 04/2026  | 4425 | 1430 | 22 | 0 |
|  | 04/2026  | 168558 | 1790 | 13 | (2) |
|  | 04/2026  | $5126 | 7473 | 30 | 0 |
|  | 04/2026  | 141 | 975 | 1 | 0 |
|  | 04/2026  | 1838 | 173385 | 13 | (7) |
|  | 04/2026  | 7858 | 10038 | 0 | (51) |
|  | 04/2026  | 543 | 17739 | 0 | (5) |
|  | 05/2026  | 7473 | $5124 | 0 | (30) |
|  | 05/2026  | 973 | 141 | 0 | (1) |
|  | 05/2026  | 10016 | 7858 | 50 | 0 |
|  | 06/2026  | 17703 | 543 | 3 | 0 |
|  | 06/2026  | 15946 | 501 | 5 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | 04/2026  | 3608 | 2557 | 68 | 0 |
|  | 04/2026  | 1635 | 2118 | 74 | 0 |
|  | 04/2026  | 391232 | 2451 | 0 | (14) |
|  | 04/2026  | $1513 | 1206 | 0 | (5) |
|  | 04/2026  | 854 | 133477 | 0 | (13) |
|  | 04/2026  | 10 | 35 | 0 | 0 |
|  | 04/2026  | 42 | 54 | 0 | 0 |
|  | 05/2026  | 1202 | $1513 | 5 | 0 |
|  | 05/2026  | 2754 | 870 | 0 | (7) |
|  | 05/2026  | 54 | 42 | 0 | 0 |
|  | 05/2026  | $2451 | 390050 | 14 | 0 |
|  | 06/2026  | 1600 | $519 | 9 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; GLM | 04/2026  | 84637 | 14989 | 0 | (1351) |
|  | 04/2026  | 2169 | 698 | 7 | 0 |
|  | 04/2026  | 5443 | 60 | 2 | 0 |
|  | 04/2026  | $15863 | 84637 | 477 | 0 |
|  | 04/2026  | 208 | 1431 | 0 | (1) |
|  | 04/2026  | 72 | 1214210 | 0 | 0 |
|  | 04/2026  | 32 | 125 | 0 | (1) |
|  | 04/2026  | 304 | 9968 | 0 | (1) |
|  | 05/2026  | 47 | 35 | 0 | 0 |
|  | 06/2026  | 2 | $0 | 0 | 0 |
|  | 06/2026  | 3861371 | 229 | 2 | 0 |
|  | 06/2026  | 1913 | 107 | 1 | 0 |
|  | 06/2026  | 9950 | 304 | 0 | 0 |
|  | 06/2026  | $759 | 4076 | 17 | 0 |
|  | 06/2026  | 157 | 2670875 | 0 | 0 |
|  | 06/2026  | 8236 | 143683 | 0 | (268) |
|  | 07/2026  | 41700 | $7740 | 0 | (148) |
|  | 07/2026  | $177 | 954 | 3 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; IND | 04/2026  | 23638 | $27911 | 589 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | 04/2026  | 25000 | 4241 | 0 | (585) |
|  | 04/2026  | 1036 | 150 | 0 | 0 |
|  | 04/2026  | 192 | 220 | 0 | (1) |
|  | 04/2026  | 86434 | 919 | 6 | 0 |
|  | 04/2026  | 2645 | 721 | 9 | (1) |
|  | 04/2026  | 10093 | 8008 | 159 | 0 |
|  | 04/2026  | $4745 | 25000 | 81 | 0 |
|  | 04/2026  | 148 | 1026 | 1 | 0 |
|  | 04/2026  | 919 | 86582 | 2 | 0 |
|  | 04/2026  | 4858 | 17593 | 0 | (119) |
|  | 04/2026  | 2267 | 37859 | 0 | (33) |
|  | 04/2026  | 14239 | $838 | 1 | (3) |
|  | 05/2026  | 486 | 333 | 0 | (2) |
|  | 05/2026  | 1024 | 148 | 0 | (1) |
|  | 05/2026  | $22 | 3447 | 0 | 0 |
|  | 06/2026  | 665 | $214 | 2 | 0 |
|  | 06/2026  | 8549 | 477 | 2 | 0 |
|  | 06/2026  | $106 | 329 | 0 | (1) |
|  | 07/2026  | 11900 | $2200 | 0 | (51) |
|  | 10/2026  | 8300 | 1511 | 0 | (25) |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | 04/2026  | 113 | 143 | 2 | 0 |
|  | 04/2026  | 174355 | 1091 | 0 | (8) |
|  | 04/2026  | 880243 | 602 | 16 | 0 |
|  | 04/2026  | 15880 | 498 | 15 | 0 |
|  | 04/2026  | $1354 | 1953 | 0 | (6) |
|  | 04/2026  | 688 | 541 | 0 | (11) |
|  | 04/2026  | 946 | 147049 | 0 | (19) |
|  | 04/2026  | 118 | 1159 | 1 | 0 |
|  | 05/2026  | 1159 | $118 | 0 | (1) |
|  | 05/2026  | $229 | 174 | 1 | 0 |
|  | 05/2026  | 1091 | 173829 | 8 | 0 |
|  | 06/2026  | 1021 | $57 | 0 | 0 |

---

------

<br> Schedule of Investments PIMCO Low Duration Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; MYI | &nbsp;&nbsp;&nbsp;&nbsp; MYI | &nbsp;&nbsp;&nbsp;&nbsp; MYI | 04/2026  | 04/2026  | 04/2026  | CAD | 170 | 170 | 170 | 170 |  |  | 125 | 125 | 125 | 125 |  | 2 | 2 |  |  | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | PLN | 248 | 248 | 248 | 248 |  |  | 70 | 70 | 70 | 70 |  | 3 | 3 |  |  | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | &nbsp;&nbsp;&nbsp;&nbsp; SCX | &nbsp;&nbsp;&nbsp;&nbsp; SCX | 04/2026  | 04/2026  | 04/2026  | INR | 1223 | 1223 | 1223 | 1223 |  |  | 14 | 14 | 14 | 14 |  | 1 | 1 |  |  | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | NZD | 10553 | 10553 | 10553 | 10553 |  |  | 6309 | 6309 | 6309 | 6309 |  | 245 | 245 |  |  | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | THB | 1500 | 1500 | 1500 | 1500 |  |  | 47 | 47 | 47 | 47 |  | 2 | 2 |  |  | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | $ | $6993 | 6993 | 6993 | 6993 | CAD | CAD | 9682 | 9682 | 9682 | 9682 |  | 0 | 0 |  |  | (33) | (33) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 246 | 246 | 246 | 246 | GBP | GBP | 183 | 183 | 183 | 183 |  | 0 | 0 |  |  | (4) | (4) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 673 | 673 | 673 | 673 | JPY | JPY | 104974 | 104974 | 104974 | 104974 |  | 0 | 0 |  |  | (11) | (11) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 280 | 280 | 280 | 280 | PLN | PLN | 1012 | 1012 | 1012 | 1012 |  | 0 | 0 |  |  | (7) | (7) |
|  |  |  | 05/2026  | 05/2026  | 05/2026  | CAD | 9669 | 9669 | 9669 | 9669 | $ | $ | 6993 | 6993 | 6993 | 6993 |  | 33 | 33 |  |  | 0 | 0 |
|  |  |  | 06/2026  | 06/2026  | 06/2026  | $ | $70 | 70 | 70 | 70 | IDR | IDR | 1183505 | 1183505 | 1183505 | 1183505 |  | 0 | 0 |  |  | (1) | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; SOG | &nbsp;&nbsp;&nbsp;&nbsp; SOG | &nbsp;&nbsp;&nbsp;&nbsp; SOG | 04/2026  | 04/2026  | 04/2026  |  | 27750 | 27750 | 27750 | 27750 | EUR | EUR | 24047 | 24047 | 24047 | 24047 |  | 44 | 44 |  |  | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 3721 | 3721 | 3721 | 3721 | JPY | JPY | 578999 | 578999 | 578999 | 578999 |  | 0 | 0 |  |  | (73) | (73) |
|  |  |  | 05/2026  | 05/2026  | 05/2026  | EUR | 24047 | 24047 | 24047 | 24047 | $ | $ | 27794 | 27794 | 27794 | 27794 |  | 0 | 0 |  |  | (43) | (43) |
|  |  |  | 06/2026  | 06/2026  | 06/2026  | ILS | 1165 | 1165 | 1165 | 1165 |  |  | 378 | 378 | 378 | 378 |  | 6 | 6 |  |  | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp;&nbsp; SSB | 04/2026  | 04/2026  | 04/2026  | AUD | 5818 | 5818 | 5818 | 5818 |  |  | 4140 | 4140 | 4140 | 4140 |  | 126 | 126 |  |  | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | $ | $4 | 4 | 4 | 4 | JPY | JPY | 679 | 679 | 679 | 679 |  | 0 | 0 |  |  | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | 04/2026  | 04/2026  | 04/2026  | PLN | 1196 | 1196 | 1196 | 1196 | $ | $ | 325 | 325 | 325 | 325 |  | 3 | 3 |  |  | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | $ | $71 | 71 | 71 | 71 | PLN | PLN | 255 | 255 | 255 | 255 |  | 0 | 0 |  |  | (2) | (2) |
|  |  |  | 06/2026  | 06/2026  | 06/2026  | ILS | 1869 | 1869 | 1869 | 1869 | $ | $ | 605 | 605 | 605 | 605 |  | 9 | 9 |  |  | 0 | 0 |
|  |  |  | 06/2026  | 06/2026  | 06/2026  | MXN | 1302 | 1302 | 1302 | 1302 |  |  | 73 | 73 | 73 | 73 |  | 0 | 0 |  |  | 0 | 0 |
| **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **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** | $**4515** | **4515** | **4515** | **$** | $**(4741)** | **(4741)** | **(4741)** |
| **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **PURCHASED OPTIONS:** | **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** | **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 | Counterparty | Description | Description | Floating Rate<br>Index | Floating Rate<br>Index | Floating Rate<br>Index | Floating Rate<br>Index | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Cost | Cost |  | Market<br>Value | Market<br>Value |
| DUB | DUB | Put - OTC 1-Year Interest Rate Swap  | Put - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 3.757% | 3.757% | 3.757% | 3.757% | 3.757% | 09/18/2026 | 09/18/2026 | 47900 | 47900 | 47900 | 39 | 39 | $ | $106 | 106 |
| MYC | MYC | Put - OTC 1-Year Interest Rate Swap  | Put - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 3.757 | 3.757 | 3.757 | 3.757 | 3.757 | 09/18/2026 | 09/18/2026 | 75000 | 75000 | 75000 | 58 | 58 |  | 167 | 167 |
| NGF | NGF | Put - OTC 1-Year Interest Rate Swap  | Put - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 3.757 | 3.757 | 3.757 | 3.757 | 3.757 | 09/18/2026 | 09/18/2026 | 300 | 300 | 300 | 0 | 0 |  | 1 | 1 |
| **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **97** | **97** | **$** | $**274** | **274** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** |
| Counterparty | Counterparty | Description | Description | Description | Description | Description | Description | Description |  |  |  | Strike<br>Price | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value | Market<br>Value |
| MYI | MYI | Call - OTC USD versus JPY  | Call - OTC USD versus JPY  | Call - OTC USD versus JPY  | Call - OTC USD versus JPY  | Call - OTC USD versus JPY  | Call - OTC USD versus JPY  | Call - OTC USD versus JPY  | JPY | JPY | JPY | 157.700 | 157.700 | 157.700 | 04/24/2026 | 3218 | 3218 | 3218 | (21) | (21) | $ | $(37) | (37) |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **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 | Counterparty | Description | Description | Floating Rate<br>Index | Floating Rate<br>Index | Floating Rate<br>Index | Floating Rate<br>Index | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value | Market<br>Value |
| BOA | BOA | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 3.620% | 3.620% | 3.620% | 3.620% | 3.620% | 04/20/2026 | 04/20/2026 | 200 | 200 | 200 | (1) | (1) | $ | $0 | 0 |
|  |  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | 3.900 | 3.900 | 3.900 | 3.900 | 3.900 | 04/20/2026 | 04/20/2026 | 200 | 200 | 200 | (1) | (1) |  | (1) | (1) |
| GLM | GLM | Call - OTC 10-Year Interest Rate Swap  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | 3.695 | 3.695 | 3.695 | 3.695 | 3.695 | 04/27/2026 | 04/27/2026 | 1300 | 1300 | 1300 | (4) | (4) |  | (4) | (4) |
|  |  | Put - OTC 10-Year Interest Rate Swap  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | 4.055 | 4.055 | 4.055 | 4.055 | 4.055 | 04/27/2026 | 04/27/2026 | 1300 | 1300 | 1300 | (4) | (4) |  | (4) | (4) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (10) | (10) | $ | $(9) | (9) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **(31)** | **(31)** | **$** | $**(46)** | **(46)** |
| **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:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> |
| Counterparty | Reference Entity | Reference Entity | Reference Entity | Reference Entity | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Implied<br>Credit Spread at<br>March 31, 2026<sup>(3)</sup> | Implied<br>Credit Spread at<br>March 31, 2026<sup>(3)</sup> | Implied<br>Credit Spread at<br>March 31, 2026<sup>(3)</sup> | Implied<br>Credit Spread at<br>March 31, 2026<sup>(3)</sup> | Implied<br>Credit Spread at<br>March 31, 2026<sup>(3)</sup> | Notional<br>Amount<sup>(4)</sup> |  | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Asset | Liability |
| BPS | Colombia Government International Bonds  | Colombia Government International Bonds  | Colombia Government International Bonds  | Colombia Government International Bonds  | 1.000% | 1.000% | Quarterly | 06/20/2027 | 06/20/2027 | 1.040% | 1.040% | 1.040% | 1.040% | 1.040% | $800 | $ | (38) | (38) | $38 | $0 | 0 | 0 | $0 |
|  | Colombia Government International Bonds  | Colombia Government International Bonds  | Colombia Government International Bonds  | Colombia Government International Bonds  | 1.000 | 1.000 | Quarterly | 12/20/2027 | 12/20/2027 | 1.208 | 1.208 | 1.208 | 1.208 | 1.208 | 200 |  | (18) | (18) | 17 | 0 | 0 | 0 | (1) |
| CBK | Colombia Government International Bonds  | Colombia Government International Bonds  | Colombia Government International Bonds  | Colombia Government International Bonds  | 1.000 | 1.000 | Quarterly | 12/20/2026 | 12/20/2026 | 0.869 | 0.869 | 0.869 | 0.869 | 0.869 | 2400 |  | (117) | (117) | 120 | 3 | 3 | 3 | 0 |
|  | Colombia Government International Bonds  | Colombia Government International Bonds  | Colombia Government International Bonds  | Colombia Government International Bonds  | 1.000 | 1.000 | Quarterly | 06/20/2027 | 06/20/2027 | 1.040 | 1.040 | 1.040 | 1.040 | 1.040 | 900 |  | (32) | (32) | 32 | 0 | 0 | 0 | 0 |
| GST | Soft Bank Group,Inc.  | Soft Bank Group,Inc.  | Soft Bank Group,Inc.  | Soft Bank Group,Inc.  | 1.000 | 1.000 | Quarterly | 06/20/2026 | 06/20/2026 | 1.662 | 1.662 | 1.662 | 1.662 | 1.662 | 300 |  | (3) | (3) | 2 | 0 | 0 | 0 | (1) |

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<br> Schedule of Investments PIMCO Low Duration Portfolio (Cont.) March 31, 2026 (Unaudited)

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| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| MYC | MYC | Colombia Government International Bonds  | 1.000 | Quarterly | 06/20/2027 | 06/20/2027 | 1.040 |  | 1400 | (50) | 50 | 50 | 0 | 0 |
|  |  | Colombia Government International Bonds  | 1.000 | Quarterly | 12/20/2027 | 12/20/2027 | 1.208 |  | 1700 | (152) | 147 | 147 | 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** | **Total Swap Agreements** | **Total Swap Agreements** | **(410)** | $**406** | **406** | $**3** | $**(7)** |
| **(j)** | **Securities with an aggregate market value of $2,574 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 $2,574 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 $2,574 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 $2,574 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 $2,574 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 $2,574 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 $2,574 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 $2,574 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 $2,574 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 $2,574 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 $2,574 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 $2,574 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 $2,574 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 $2,574 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> | 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 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>(3)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(4)</sup> | The maximum potential amount the 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>(5)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | 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** |
| **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 | 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** | **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 |  |
| Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | $0 | 0 | $131136 | 131136 | $1003 | 1003 | $ | 132139 |  |
| Industrials | Industrials | Industrials | Industrials | Industrials | Industrials | 0 | 0 | 52243 | 52243 | 0 | 0 |  | 52243 |  |
| Utilities | Utilities | Utilities | Utilities | Utilities | Utilities | 0 | 0 | 9773 | 9773 | 0 | 0 |  | 9773 |  |
| 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 | 466893 | 466893 | 0 | 0 |  | 466893 |  |
| 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 | 28347 | 28347 | 0 | 0 |  | 28347 |  |
| 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 | 41912 | 41912 | 14006 | 14006 |  | 55918 |  |
| 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 | 0 | 0 | 9984 | 9984 | 0 | 0 |  | 9984 |  |
| CMBS Other | CMBS Other | CMBS Other | CMBS Other | CMBS Other | CMBS Other | 0 | 0 | 13671 | 13671 | 0 | 0 |  | 13671 |  |
| Credit Card Other | Credit Card Other | Credit Card Other | Credit Card Other | Credit Card Other | Credit Card Other | 0 | 0 | 4439 | 4439 | 0 | 0 |  | 4439 |  |
| Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | 0 | 0 | 8565 | 8565 | 0 | 0 |  | 8565 |  |
| Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | 0 | 0 | 103 | 103 | 0 | 0 |  | 103 |  |
| Other ABS | Other ABS | Other ABS | Other ABS | Other ABS | Other ABS | 0 | 0 | 50065 | 50065 | 0 | 0 |  | 50065 |  |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 49844 | 49844 | 0 | 0 |  | 49844 |  |
| 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 |  |
| Commercial Paper | Commercial Paper | Commercial Paper | Commercial Paper | Commercial Paper | Commercial Paper | 250 | 250 | 43647 | 43647 | 0 | 0 |  | 43897 |  |
| Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | 0 | 0 | 310486 | 310486 | 0 | 0 |  | 310486 |  |
| 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 | 149087 | 149087 | 0 | 0 |  | 149087 |  |
|  |  |  |  |  |  | $250 | 250 | $1370195 | 1370195 | $15009 | 15009 | $ | 1385454 |  |
| **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 |  |
| 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 | $193162 | 193162 | $0 | 0 | $0 | 0 | $ | 193162 |  |
| Total Investments | Total Investments | Total Investments | Total Investments | Total Investments | Total Investments | $193412 | 193412 | $1370195 | 1370195 | $15009 | 15009 | $ | 1578616 |  |
| **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**  | **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**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  | **Short Sales, at Value - Liabilities**  |  |
| 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 | $(85014) | (85014) | $0 | 0 | $ | (85014) |  |
| **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 | 14 | 14 | 1080 | 1080 | 0 | 0 |  | 1094 |  |
| Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 | 4792 | 4792 | 0 | 0 |  | 4792 |  |
|  |  |  |  |  |  | $14 | 14 | $5872 | 5872 | $0 | 0 | $ | 5886 |  |
| **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 | 0 | 0 | (540) | (540) | 0 | 0 |  | (540) |  |
| Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 | (4794) | (4794) | 0 | 0 |  | (4794) |  |
|  |  |  |  |  |  | $0 | 0 | $(5334) | (5334) | $0 | 0 | $ | (5334) |  |
| Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | $14 | 14 | $538 | 538 | $0 | 0 | $ | 552 |  |
| Totals | Totals | Totals | Totals | Totals | Totals | $193426 | 193426 | $1285719 | 1285719 | $15009 | 15009 | $ | 1494154 |  |

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<br> Schedule of Investments PIMCO Low Duration Portfolio (Cont.) March 31, 2026 (Unaudited)

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| **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the 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 | Beginning<br>Balance<br>at 12/31/2025 | Net<br>Purchases  | Net<br>Purchases  | Net<br>Sales/Settlements  | Net<br>Sales/Settlements  | Net<br>Sales/Settlements  | 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> | 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** |
| Corporate Bonds & Notes | Corporate Bonds & Notes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Banking & Finance | Banking & Finance | Banking & Finance | $1017 | $ | 0 | $ | $ | $0 | $0 | $0 | $ | $(14) | $0 | $0 | 0 | $ | 1003 | $ | $ | (14) |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities |  | 13547 |  | 0 |  |  | 0 | 0 | 0 |  | 459 | 0 | 0 | 0 |  | 14006 |  |  | 459 |
| Totals | Totals | $ | 14564 | $ | 0 | $ | $ | $0 | $0 | $0 | $ | $445 | $0 | $0 | 0 | $ | 15009 | $ | $ | 445 |
| <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 | Category and Subcategory | Category and Subcategory | Ending<br>Balance<br>at 03/31/2026 | 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; 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** |
| 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 | Banking & Finance | Banking & Finance | $1003 | 1003 | 1003 | &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 | 4.898  | 4.898  | 4.898  | 4.898  |  |  |
| 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 | 14006 | 14006 | 14006 | &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  | 100.000  |  |  |
| Total | Total | Total | Total | Total | $15009 | 15009 | 15009 |  |  |  |  |  |  |  |  |  |  |  |  |  |
| <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. |

---

------

Notes to Financial Statements

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

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

**(a) Investment Valuation Policies** The net asset value ("NAV") of the Portfolio's shares, or each of its share classes, as applicable, is determined by dividing the total value of portfolio investments and other assets attributable to the 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, the 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 Portfolio or its agents after the time as of which NAV has been calculated on a particular day will not generally be used to retroactively adjust the price of a security or the NAV determined earlier that day. If regular trading on the NYSE closes earlier than scheduled, the Portfolio may calculate its NAV as of the earlier closing time or calculate its NAV as of the NYSE Close for that day. The 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, the Portfolio may calculate its NAV as of the NYSE Close for such day or such other time that the 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 the 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 Portfolio will normally use pricing data for domestic equity securities received shortly after the NYSE Close and does not normally take into account trading, clearances or settlements that take place after the NYSE Close. A foreign (non-U.S.) equity security traded on a foreign exchange or on more than one exchange is typically valued using pricing information from the exchange considered by Pacific Investment Management Company LLC ("PIMCO") to be the primary exchange. If market value pricing is used, a foreign (non-U.S.) equity security will be valued as of the close of trading on the foreign exchange, or the NYSE Close, if the NYSE Close occurs before the end of trading on the foreign exchange.

Investments for which market quotations are not readily available are valued at fair value as determined in good faith pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended (the "Act"). As a general principle, the fair value of a security or other asset is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Pursuant to Rule 2a-5, the Board of Trustees has designated PIMCO as the valuation designee ("Valuation Designee") for the 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 the 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. Open-end management investment companies may include affiliated funds.

If a foreign (non-U.S.) equity security's value has materially changed after the close of the security's primary exchange or principal market but before the NYSE Close, the security may be valued at fair value. Foreign (non-U.S.) equity securities that do not trade when the NYSE is open are also valued at fair value. With respect to foreign (non-U.S.) equity securities, the 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. The 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 the Trust is not open for business, which may result in the 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 the 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 the Trust is not open for business. As a result, to the extent that the 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 the 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 the 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 the 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 the Portfolio may differ from the value that would be realized if the securities were sold. The Portfolio's use of fair valuation may also help to deter "stale price arbitrage" as discussed under the " Frequent or Excessive Purchases, Exchanges and Redemptions " section in the Portfolio's prospectus.

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

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

------

Notes to Financial Statements (Cont.)

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

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

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

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

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 of the Portfolio's assets and liabilities. Additionally, U.S. GAAP requires quantitative information regarding the significant unobservable inputs used in the determination of fair value of assets or liabilities categorized as Level 3 in the fair value hierarchy. In accordance with the requirements of U.S. GAAP, a fair value hierarchy and, if material, a Level 3 reconciliation and details of significant unobservable inputs, have been included in the Notes to Schedule of Investments for the 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 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 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

------

Notes to Financial Statements (Cont.)

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.<br>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.

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

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

**2. FEDERAL INCOME TAX MATTERS**

The 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.

The 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 Portfolio's tax positions for all open tax years. As of March 31, 2026, the Portfolio has recorded no liability for net unrecognized tax benefits relating to uncertain income tax positions it has taken or expects to take in future tax returns.

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

Shares of the Portfolio currently are sold to segregated asset accounts ("Separate Accounts") of insurance companies that fund variable annuity contracts and variable life insurance policies ("Variable Contracts"). Please refer to the prospectus for the Separate Account and Variable Contract for information regarding Federal income tax treatment of distributions to the Separate Account.

**3. INVESTMENTS IN AFFILIATES** 

The 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 the Act, rules thereunder or exemptive relief therefrom. The Central Funds are registered investment companies created for use solely by the series of the Trust and other series of registered investment companies advised by the Adviser, in connection with their cash management activities. The main investments of the Central Funds are money market and short maturity fixed income instruments. The Central Funds may incur expenses related to their investment activities, but do not pay Investment Advisory Fees or Supervisory and Administrative Fees to the Adviser. The Central Funds are considered to be affiliated with the Portfolio. 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 Portfolio's website at www.pimco.com, or upon request, as applicable. The tables below show the Portfolio's transactions in and earnings from investments in the affiliated funds for the period ended March 31, 2026 (amounts in thousands<sup>†</sup>):

**Investment in PIMCO Short Asset Portfolio**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **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> |
| $126104 | $1303 | $(1) | $0 | $(26) | $127380 | $1319 | $0 |

---

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **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> |
| $0 | $91589 | $(25800) | $(1) | $(6) | $65782 | $183 | $0 |

---

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

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

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Glossary: (abbreviations that may be used in the preceding statements)** | **Glossary: (abbreviations that may be used in the preceding statements)** | **Glossary: (abbreviations that may be used in the preceding statements)** | **Glossary: (abbreviations that may be used in the preceding statements)** |  | (Unaudited) |
| **Counterparty Abbreviations:** | **Counterparty Abbreviations:** |  |  |  |  |
| **AZD** | Australia and New Zealand Banking Group | **FAR** | Wells Fargo Bank National Association | **NGF** | Nomura Global Financial Products, Inc. |
| **BOA** | Bank of America N.A. | **GLM** | Goldman Sachs Bank USA | **SAL** | Citigroup Global Markets, Inc. |
| **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 | **MBC** | HSBC Bank Plc | **TOR** | The Toronto-Dominion Bank |
| **CBK** | Citibank N.A. | **MYC** | Morgan Stanley Bank, N.A. | **UAG** | UBS AG Stamford |
| **DUB** | Deutsche Bank AG | **MYI** | Morgan Stanley & Co. International PLC |  |  |
| **Currency Abbreviations:** | **Currency Abbreviations:** |  |  |  |  |
| **AUD** | Australian Dollar | **ILS** | Israeli Shekel | **NZD** | New Zealand Dollar |
| **BRL** | Brazilian Real | **INR** | Indian Rupee | **PLN** | Polish Zloty |
| **CAD** | Canadian Dollar | **JPY** | Japanese Yen | **SGD** | Singapore Dollar |
| **CHF** | Swiss Franc | **KRW** | South Korean Won | **THB** | Thai Baht |
| **CNH** | Chinese Renminbi (Offshore) | **MXN** | Mexican Peso | **TWD** | Taiwanese Dollar |
| **EUR** | Euro | **MYR** | Malaysian Ringgit | **USD (or $)** | United States Dollar |
| **GBP** | British Pound | **NOK** | Norwegian Krone | **ZAR** | South African Rand |
| **IDR** | Indonesian Rupiah |  |  |  |  |
| **Exchange Abbreviations:** | **Exchange Abbreviations:** |  |  |  |  |
| **CBOE** | Chicago Board Options Exchange | **OTC** | Over the Counter |  |  |
| **Index/Spread Abbreviations:** | **Index/Spread Abbreviations:** |  |  |  |  |
| **Bobl** | Bundesobligation, the German word for federal government bond | **MUTKCALM** | Tokyo Overnight Average Rate | **SOFRINDX** | Secured Overnight Financing Rate Index |
| **CDX.IG** | Credit Derivatives Index - Investment <br> Grade | **SOFR** | Secured Overnight Financing Rate | **SONIO** | Sterling Overnight Interbank Average Rate |
| **EUR003M** | 3 Month EUR Swap Rate |  |  |  |  |
| **Other Abbreviations:** | **Other Abbreviations:** |  |  |  |  |
| **ABS** | Asset-Backed Security | **CLO** | Collateralized Loan Obligation | **OIS** | Overnight Index Swap |
| **ALT** | Alternate Loan Trust | **CMBS** | Collateralized Mortgage-Backed Security | **REMIC** | Real Estate Mortgage Investment Conduit |
| **BBR** | Bank Bill Rate | **DAC** | Designated Activity Company | **TBA** | To-Be-Announced |
| **BBSW** | Bank Bill Swap Reference Rate | **EURIBOR** | Euro Interbank Offered Rate |  |  |

---

------

<br> Schedule of Investments PIMCO Real Return Portfolio 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 174.6% ¤** |  |  |
| **CORPORATE BONDS & NOTES 0.8%**  |  |  |
| **BANKING & FINANCE 0.1%**  |  |  |
| **Avolon Holdings Funding Ltd.** <br>2.528% due 11/18/2027 | $53 | $51 |
| **Credicorp Capital Sociedad Titulizadora SA** <br>9.700% due 03/05/2045 | 900 | 275 |
| **GSG Bidco Ltd.** <br>4.700% due 06/15/2031 | 800 | 918 |
| **Lehman Brothers Holdings, Inc.** <br>1.000% due 04/05/2049 ^(b) | 23 | 0 |
|  |  | 1244 |
| **INDUSTRIALS 0.7%**  |  |  |
| **Beignet Investor LLC** <br>6.581% due 05/30/2049 | $7100 | 7305 |
| **GSG Bidco Ltd.**  |  |  |
| 5.375% due 06/15/2036  | 800 | 918 |
| 6.375% due 06/15/2051  | 1100 | 1263 |
|  |  | 9486 |
| Total Corporate Bonds & Notes (Cost $10,588) |  | 10730 |
| **U.S. GOVERNMENT AGENCIES 20.0%**  |  |  |
| **Federal Home Loan Mortgage Corp.**  |  |  |
| 4.500% due 09/01/2052 | $488 | 473 |
| 5.890% due 01/01/2034 •  | 8 | 9 |
| **Federal Home Loan Mortgage Corp. REMICS**  |  |  |
| 4.137% due 01/15/2047 •  | 570 | 559 |
| 4.146% due 07/15/2044 •  | 486 | 477 |
| 4.602% due 11/25/2054 •  | 10037 | 10103 |
| 4.612% due 02/25/2055 - 09/25/2055 •  | 14388 | 14493 |
| 4.812% due 11/25/2055 •  | 6983 | 7015 |
| **Federal Home Loan Mortgage Corp. STRIPS**<br>4.237% due 09/15/2042 •  | 1006 | 994 |
| **Federal Home Loan Mortgage Corp. Structured Pass-Through Certificates**  |  |  |
| 4.053% due 08/25/2031 •  | 6 | 6 |
| 5.059% due 10/25/2044 - 02/25/2045 •  | 729 | 683 |
| **Federal National Mortgage Association**  |  |  |
| 4.500% due 11/01/2052 | 339 | 329 |
| 5.114% due 07/01/2044 - 09/01/2044 •  | 6 | 6 |
| 6.163% due 10/01/2035 •  | 10 | 10 |
| **Federal National Mortgage Association REMICS**  |  |  |
| 3.842% due 12/25/2036 •  | 7 | 7 |
| 3.932% due 08/25/2034 •  | 2 | 2 |
| 4.126% due 07/25/2037 •  | 1 | 1 |
| 4.216% due 05/25/2036 •  | 4 | 4 |
| 4.612% due 11/25/2053 •  | 1405 | 1413 |
| 4.692% due 06/25/2055 •  | 6036 | 6097 |
| 4.822% due 03/25/2055 •  | 5560 | 5607 |
| 4.842% due 08/25/2055 •  | 926 | 935 |
| 6.125% due 05/25/2035 ~ | 34 | 35 |
| **Federal National Mortgage Association Trust**<br>4.126% due 05/25/2042 •  | 13 | 13 |
| **Government National Mortgage Association**<br>3.500% due 05/20/2052 - 01/20/2056 | 34609 | 31992 |
| **Government National Mortgage Association REMICS**  |  |  |
| 4.523% due 12/20/2053 •  | 6484 | 6490 |
| 4.573% due 10/20/2072 •  | 2132 | 2150 |
| 4.773% due 05/20/2073 •  | 565 | 578 |
| 4.927% due 08/20/2068 •  | 1454 | 1466 |
| 5.592% due 04/20/2067 •  | 496 | 502 |
| **Government National Mortgage Association, TBA**<br>3.500% due 04/01/2056 | 4000 | 3670 |
| **U.S. Small Business Administration**<br>6.020% due 08/01/2028 | 29 | 29 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 4.000% due 04/01/2056 - 05/01/2056 | 18700 | 17643 |
| 4.500% due 05/01/2056 | 89400 | 86198 |
| 5.500% due 05/01/2056 | 17500 | 17558 |
| 6.000% due 06/01/2056 | 35800 | 36440 |

---

------

<br> Schedule of Investments PIMCO Real Return Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 6.500% due 05/01/2056 | 20600 | 21296 |
| Total U.S. Government Agencies (Cost $275,654) |  | 275283 |
| **U.S. TREASURY OBLIGATIONS 98.0%**  |  |  |
| **U.S. Treasury Bonds**  |  |  |
| 4.875% due 08/15/2045 (f)(j) | 159 | 158 |
| **U.S. Treasury Inflation Protected Securities (c)** |  |  |
| 0.125% due 02/15/2051  | 15052 | 8015 |
| 0.125% due 02/15/2052 (j) | 7010 | 3643 |
| 0.250% due 02/15/2050  | 12612 | 7148 |
| 0.625% due 02/15/2043  | 9364 | 6906 |
| 0.750% due 02/15/2042 (f) | 43393 | 33467 |
| 0.750% due 02/15/2045 (f) | 38313 | 27556 |
| 0.875% due 02/15/2047  | 28703 | 20380 |
| 1.000% due 02/15/2046  | 26328 | 19549 |
| 1.000% due 02/15/2048  | 7157 | 5146 |
| 1.375% due 02/15/2044 (f) | 36616 | 30285 |
| 1.500% due 02/15/2053  | 22975 | 17631 |
| 1.750% due 01/15/2028 (f) | 55135 | 55941 |
| 2.125% due 02/15/2040  | 9509 | 9316 |
| 2.125% due 02/15/2041  | 9727 | 9421 |
| 2.125% due 02/15/2054  | 19180 | 16929 |
| 2.375% due 01/15/2027 (h)(j) | 500 | 509 |
| 2.375% due 02/15/2055 (f) | 9688 | 9014 |
| 2.500% due 01/15/2029  | 18749 | 19455 |
| 3.375% due 04/15/2032 (f)(j) | 2759 | 3046 |
| 3.625% due 04/15/2028 (f) | 46733 | 49156 |
| 3.875% due 04/15/2029 (f) | 55565 | 59961 |
| 0.125% due 04/15/2027 (h) | 9445 | 9392 |
| 0.125% due 01/15/2030 (f) | 39615 | 37927 |
| 0.125% due 07/15/2030 (f) | 28286 | 26934 |
| 0.125% due 01/15/2031  | 16203 | 15239 |
| 0.125% due 07/15/2031 (f) | 30966 | 28941 |
| 0.125% due 01/15/2032  | 10911 | 10045 |
| 0.250% due 07/15/2029 (f) | 30230 | 29410 |
| 0.375% due 01/15/2027 (h) | 30023 | 30084 |
| 0.375% due 07/15/2027  | 9652 | 9652 |
| 0.500% due 01/15/2028 (f) | 84616 | 83983 |
| 0.625% due 07/15/2032 (f) | 91448 | 86311 |
| 0.750% due 07/15/2028 (f) | 43001 | 42887 |
| 0.875% due 01/15/2029  | 14644 | 14540 |
| 1.125% due 10/15/2030  | 21113 | 20931 |
| 1.125% due 01/15/2033 (f) | 26858 | 25877 |
| 1.250% due 04/15/2028 (f)(h)(j) | 4012 | 4028 |
| 1.375% due 07/15/2033 (f) | 59430 | 58116 |
| 1.625% due 10/15/2027  | 24372 | 24758 |
| 1.625% due 10/15/2029 (f) | 64804 | 65849 |
| 1.625% due 04/15/2030 (f) | 31364 | 31688 |
| 1.750% due 01/15/2034  | 20842 | 20762 |
| 1.875% due 07/15/2034 (f) | 63119 | 63453 |
| 1.875% due 07/15/2035 (f) | 48312 | 48090 |
| 1.875% due 01/15/2036 (f) | 18516 | 18299 |
| 2.125% due 04/15/2029  | 12302 | 12633 |
| 2.125% due 01/15/2035 (f) | 41838 | 42558 |
| 2.375% due 10/15/2028 (f) | 74536 | 77188 |
| **U.S. Treasury Notes**  |  |  |
| 4.250% due 08/15/2035 (j) | 258 | 257 |
| Total U.S. Treasury Obligations (Cost $1,453,597) |  | 1352464 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 1.9%**  |  |  |
| **Adjustable Rate Mortgage Trust** <br>4.516% due 05/25/2036 ~ | 46 | 40 |
| **Alliance Bancorp Trust** <br>4.273% due 07/25/2037 •  | 445 | 400 |
| **Angel Oak Mortgage Trust** <br>1.469% due 06/25/2065 ~ | 42 | 40 |
| **Banc of America Funding Trust**  |  |  |
| 4.751% due 01/20/2047 ~  | 49 | 43 |
| 5.710% due 02/20/2036 ~  | 50 | 48 |
| **Banc of America Mortgage Trust**  |  |  |
| 4.309% due 02/25/2036 ~  | 49 | 44 |
| 5.296% due 06/25/2035 ~  | 8 | 7 |
| **Bear Stearns ALT-A Trust**  |  |  |
| 3.946% due 03/25/2036 ~  | 153 | 127 |
| 4.718% due 09/25/2035 ~  | 439 | 230 |
| **Bear Stearns ARM Trust**  |  |  |
| 4.203% due 07/25/2036 ~  | 74 | 64 |
| 4.335% due 02/25/2036 ~  | 16 | 15 |
| 4.503% due 03/25/2035 ~  | 71 | 65 |
| 4.991% due 01/25/2035 ~  | 44 | 43 |
| 6.420% due 10/25/2035 •  | 79 | 76 |
| **Chase Mortgage Finance Trust** <br>6.000% due 02/25/2037 ~ | 6 | 6 |

---

------

<br> Schedule of Investments PIMCO Real Return Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **ChaseFlex Trust** <br>6.000% due 02/25/2037 | 278 | 85 |
| **Chevy Chase Funding LLC Mortgage-Backed Certificates** <br>4.073% due 01/25/2035 •  | 1 | 1 |
| **CHL Mortgage Pass-Through Trust**  |  |  |
| 4.001% due 05/20/2036 ~  | 34 | 32 |
| 4.595% due 10/20/2035 ~  | 479 | 456 |
| 5.500% due 08/25/2035  | 18 | 13 |
| 6.000% due 04/25/2036  | 225 | 107 |
| 6.000% due 03/25/2037  | 778 | 319 |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 4.451% due 09/25/2037 ~  | 154 | 146 |
| 4.492% due 03/25/2037 ~  | 755 | 658 |
| 5.500% due 08/25/2034  | 19 | 19 |
| 6.050% due 03/25/2036 •  | 62 | 63 |
| 6.490% due 05/25/2035 •  | 1 | 1 |
| **Countrywide Alternative Loan Trust**  |  |  |
| 3.970% due 02/20/2047 •  | 166 | 136 |
| 4.153% due 05/25/2047 •  | 43 | 40 |
| 4.173% due 09/25/2046 •  | 938 | 929 |
| 4.353% due 12/25/2035 •  | 13 | 12 |
| 4.859% due 12/25/2035 •  | 22 | 19 |
| 6.000% due 03/25/2037  | 2559 | 812 |
| 6.000% due 04/25/2037  | 198 | 167 |
| **CSMC Trust** <br>4.945% due 10/26/2036 ~ | 74 | 67 |
| **Deutsche Alt-B Securities, Inc. Mortgage Loan Trust** <br>3.893% due 10/25/2036 •  | 4 | 3 |
| **Eurosail-U.K. PLC** <br>4.815% due 06/13/2045 •  | 265 | 351 |
| **First Horizon Alternative Mortgage Securities Trust**  |  |  |
| 5.603% due 06/25/2034 ~  | $37 | 37 |
| 6.000% due 02/25/2037  | 260 | 90 |
| **First Horizon Mortgage Pass-Through Trust** <br>5.994% due 08/25/2035 ~ | 72 | 47 |
| **GreenPoint Mortgage Funding Trust**  |  |  |
| 4.153% due 09/25/2046 •  | 145 | 138 |
| 4.333% due 11/25/2045 •  | 44 | 42 |
| **GreenPoint MTA Trust** <br>4.233% due 06/25/2045 •  | 45 | 41 |
| **GSR Mortgage Loan Trust**  |  |  |
| 4.860% due 09/25/2035 ~  | 34 | 32 |
| 4.993% due 07/25/2035 ~  | 20 | 19 |
| 5.163% due 12/25/2034 ~  | 51 | 48 |
| 6.449% due 01/25/2035 ~  | 17 | 17 |
| **HarborView Mortgage Loan Trust**  |  |  |
| 4.171% due 09/19/2037 •  | 25 | 22 |
| 4.231% due 05/19/2035 •  | 20 | 20 |
| 4.351% due 02/19/2036 •  | 64 | 26 |
| 4.470% due 06/20/2035 •  | 28 | 27 |
| **IndyMac INDA Mortgage Loan Trust** <br>5.041% due 11/25/2035 ~ | 12 | 15 |
| **IndyMac INDX Mortgage Loan Trust**  |  |  |
| 4.353% due 07/25/2035 •  | 102 | 73 |
| 4.368% due 12/25/2034 ~  | 30 | 29 |
| 4.573% due 05/25/2034 •  | 4 | 4 |
| **JP Morgan Mortgage Trust**  |  |  |
| 3.942% due 07/27/2037 ~  | 150 | 140 |
| 4.968% due 07/25/2035 ~  | 54 | 52 |
| 5.094% due 08/25/2035 ~  | 33 | 29 |
| 5.132% due 02/25/2035 ~  | 21 | 20 |
| 5.182% due 09/25/2035 ~  | 7 | 7 |
| 5.937% due 08/25/2035 ~  | 31 | 30 |
| 6.222% due 07/25/2035 ~  | 6 | 6 |
| **MASTR Adjustable Rate Mortgages Trust** <br>5.598% due 11/21/2034 ~ | 24 | 23 |
| **Mellon Residential Funding Corp. Mortgage Pass-Through Certificates** <br>4.487% due 11/15/2031 •  | 10 | 10 |
| **Mellon Residential Funding Corp. Mortgage Pass-Through Trust** <br>4.227% due 12/15/2030 •  | 11 | 11 |
| **Merrill Lynch Mortgage Investors Trust** <br>4.293% due 11/25/2035 •  | 14 | 14 |
| **Morgan Stanley Mortgage Loan Trust** <br>5.634% due 06/25/2036 ~ | 65 | 63 |
| **New Residential Mortgage Loan Trust** <br>2.750% due 07/25/2059 ~ | 1925 | 1867 |
| **Project Cashmere** <br>4.543% due 12/30/2057 «(a) | 21500 | 14834 |
| **RALI Trust**  |  |  |
| 4.093% due 08/25/2035 •  | $33 | 22 |
| 4.788% due 10/25/2037 ~  | 557 | 444 |
| **Residential Asset Securitization Trust**  |  |  |
| 4.193% due 05/25/2035 •  | 387 | 222 |
| 6.500% due 09/25/2036  | 206 | 58 |
| **RFMSI Trust** <br>6.000% due 06/25/2037 | 106 | 85 |

---

------

<br> Schedule of Investments PIMCO Real Return Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Sequoia Mortgage Trust**  |  |  |
| 4.190% due 07/20/2036 •  | 101 | 87 |
| 4.491% due 10/19/2026 •  | 4 | 4 |
| **Structured Adjustable Rate Mortgage Loan Trust**  |  |  |
| 4.443% due 08/25/2035 ~  | 28 | 25 |
| 5.259% due 01/25/2035 •  | 35 | 33 |
| 5.939% due 02/25/2034 ~  | 16 | 15 |
| **Structured Asset Mortgage Investments II Trust**  |  |  |
| 4.173% due 06/25/2036 •  | 8 | 8 |
| 4.213% due 04/25/2036 •  | 40 | 37 |
| 4.291% due 07/19/2035 •  | 103 | 99 |
| 4.451% due 10/19/2034 •  | 10 | 10 |
| **Thornburg Mortgage Securities Trust** <br>4.413% due 06/25/2044 •  | 965 | 934 |
| **Wachovia Mortgage Loan Trust LLC** <br>1.682% due 01/25/2037 •  | 993 | 336 |
| **WaMu Mortgage Pass-Through Certificates Trust**  |  |  |
| 3.829% due 12/25/2046 •  | 23 | 21 |
| 4.589% due 01/25/2047 •  | 155 | 150 |
| 4.629% due 05/25/2047 •  | 121 | 105 |
| 4.688% due 12/25/2035 ~  | 19 | 18 |
| 4.859% due 02/25/2046 •  | 39 | 36 |
| 4.907% due 07/25/2046 •  | 220 | 204 |
| 5.059% due 11/25/2042 •  | 3 | 3 |
| 5.359% due 11/25/2046 •  | 37 | 31 |
| Total Non-Agency Mortgage-Backed Securities (Cost $28,690) |  | 26504 |
| **ASSET-BACKED SECURITIES 5.8%**  |  |  |
| **CMBS OTHER 0.3%**  |  |  |
| **Arbor Realty Commercial Real Estate Notes Ltd.** <br>5.122% due 01/15/2037 •  | 1515 | 1518 |
| **LoanCore Issuer Ltd.** <br>5.222% due 01/17/2037 •  | 308 | 307 |
| **MF1 LLC** <br>5.827% due 06/19/2037 •  | 968 | 968 |
| **TRTX Issuer Ltd.** <br>5.328% due 02/15/2039 •  | 764 | 767 |
|  |  | 3560 |
| **HOME EQUITY OTHER 1.0%**  |  |  |
| **ACE Securities Corp. Home Equity Loan Trust** <br>4.193% due 03/25/2037 •  | 313 | 128 |
| **Argent Mortgage Loan Trust** <br>4.273% due 05/25/2035 •  | 334 | 309 |
| **Argent Securities Trust** <br>4.113% due 05/25/2036 •  | 106 | 25 |
| **C-BASS Trust** <br>3.913% due 11/25/2036 •  | 44 | 20 |
| **CIT Mortgage Loan Trust** <br>5.293% due 10/25/2037 •  | 2046 | 2076 |
| **Citigroup Mortgage Loan Trust, Inc.** <br>3.953% due 01/25/2037 •  | 69 | 52 |
| **Countrywide Asset-Backed Certificates** <br>4.293% due 03/25/2037 •  | 359 | 358 |
| **Countrywide Asset-Backed Certificates Trust**  |  |  |
| 3.983% due 11/25/2037 •  | 1783 | 1721 |
| 4.533% due 08/25/2047 •  | 78 | 77 |
| **Credit-Based Asset Servicing & Securitization LLC**  |  |  |
| 3.823% due 06/25/2035 •  | 284 | 279 |
| 4.008% due 07/25/2037 •  | 531 | 356 |
| **Ellington Loan Acquisition Trust** <br>4.893% due 05/25/2037 •  | 159 | 156 |
| **Fremont Home Loan Trust** <br>4.063% due 10/25/2036 •  | 495 | 459 |
| **GSAA Trust** <br>6.720% due 03/25/2046 þ | 198 | 101 |
| **GSAMP Trust**  |  |  |
| 3.933% due 12/25/2036 •  | 55 | 27 |
| 4.528% due 09/25/2035 •  | 18 | 18 |
| 4.768% due 03/25/2035 •  | 29 | 29 |
| **Home Equity Asset Trust** <br>4.468% due 02/25/2036 •  | 772 | 763 |
| **HSI Asset Securitization Corp. Trust** <br>3.893% due 10/25/2036 •  | 4 | 1 |
| **JP Morgan Mortgage Acquisition Trust** <br>4.213% due 10/25/2036 •  | 4 | 4 |
| **Long Beach Mortgage Loan Trust** <br>4.033% due 08/25/2036 •  | 866 | 342 |
| **MASTR Asset-Backed Securities Trust** <br>4.543% due 10/25/2035 •  | 39 | 39 |
| **Merrill Lynch Mortgage Investors Trust**  |  |  |
| 3.953% due 09/25/2037 •  | 12 | 2 |

---

------

<br> Schedule of Investments PIMCO Real Return Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.033% due 02/25/2037 •  | 232 | 64 |
| **Morgan Stanley ABS Capital I, Inc. Trust** <br>4.013% due 10/25/2036 •  | 1458 | 636 |
| **Morgan Stanley IXIS Real Estate Capital Trust** <br>3.843% due 11/25/2036 •  | 8 | 2 |
| **New Century Home Equity Loan Trust**  |  |  |
| 4.113% due 08/25/2036 •  | 638 | 634 |
| 4.558% due 02/25/2035 •  | 58 | 57 |
| **Park Place Securities, Inc. Asset-Backed Pass-Through Certificates**  |  |  |
| 4.528% due 09/25/2035 •  | 128 | 126 |
| 4.843% due 10/25/2034 •  | 726 | 722 |
| **Renaissance Home Equity Loan Trust** <br>4.553% due 12/25/2032 •  | 39 | 37 |
| **Residential Asset Securities Corporation Trust**  |  |  |
| 4.073% due 09/25/2036 •  | 433 | 431 |
| 4.253% due 06/25/2036 •  | 1392 | 1383 |
| **Saxon Asset Securities Trust** <br>4.103% due 09/25/2037 •  | 249 | 243 |
| **Securitized Asset-Backed Receivables LLC Trust**  |  |  |
| 3.913% due 12/25/2036 •  | 247 | 51 |
| 3.943% due 07/25/2036 •  | 171 | 65 |
| 4.113% due 07/25/2036 •  | 2494 | 802 |
| **Soundview Home Loan Trust**  |  |  |
| 3.913% due 11/25/2036 •  | 36 | 10 |
| 3.973% due 07/25/2037 •  | 546 | 503 |
| 3.993% due 06/25/2037 •  | 1177 | 815 |
|  |  | 13923 |
| **MANUFACTURING HOUSE ABS OTHER 0.1%**  |  |  |
| **Lehman ABS Manufactured Housing Contract Trust** <br>7.170% due 04/15/2040 ~ | 786 | 751 |
| **WHOLE LOAN COLLATERAL 0.2%**  |  |  |
| **First Franklin Mortgage Loan Trust** <br>4.498% due 11/25/2036 •  | 1375 | 1352 |
| **IndyMac INDB Mortgage Loan Trust** <br>3.933% due 07/25/2036 •  | 506 | 158 |
| **Lehman XS Trust**  |  |  |
| 4.113% due 05/25/2036 •  | 514 | 458 |
| 4.743% due 06/25/2036 þ  | 297 | 290 |
| 6.093% due 12/25/2037 •  | 1165 | 1188 |
|  |  | 3446 |
| **OTHER ABS 4.2%**  |  |  |
| **522 Funding CLO Ltd.** <br>4.969% due 10/20/2031 •  | 14 | 14 |
| **AlbaCore Euro CLO IV DAC** <br>3.006% due 07/15/2035 •  | 1000 | 1157 |
| **Anchorage Capital CLO 20 Ltd.** <br>4.768% due 01/20/2035 •  | $700 | 700 |
| **ARES European CLO X DAC** <br>2.796% due 10/15/2031 •  | 46 | 53 |
| **ARES XLIV CLO Ltd.** <br>4.802% due 04/15/2034 •  | $700 | 701 |
| **Atlas Senior Loan Fund XVIII Ltd.** <br>4.778% due 01/18/2035 •  | 4500 | 4494 |
| **Bain Capital Credit CLO Ltd.** <br>4.700% due 10/21/2034 •  | 3200 | 3200 |
| **Bain Capital Euro CLO DAC** <br>3.277% due 01/22/2038 •  | 2000 | 2311 |
| **Black Diamond CLO DAC** <br>2.964% due 05/15/2032 •  | 81 | 94 |
| **Boyce Park CLO Ltd.** <br>4.668% due 04/21/2035 •  | $4500 | 4501 |
| **Capital Four U.S. CLO II Ltd.** <br>5.568% due 01/20/2037 •  | 1000 | 1003 |
| **Carlyle Euro CLO DAC** <br>3.194% due 08/15/2038 •  | 3800 | 4390 |
| **CIFC Funding Ltd.** <br>4.880% due 10/24/2030 •  | $33 | 33 |
| **Contego CLO III BV** <br>3.297% due 04/15/2038 •  | 1600 | 1848 |
| **CVC Cordatus Loan Fund XXI DAC** <br>3.068% due 09/22/2034 •  | 1400 | 1616 |
| **CVC Cordatus Opportunity Loan Fund-R DAC** <br>2.824% due 08/15/2033 •  | 1425 | 1645 |
| **Dryden 44 Euro CLO DAC** <br>2.896% due 04/15/2034 •  | 1983 | 2293 |
| **Dryden 52 Euro CLO DAC** <br>2.844% due 05/15/2034 •  | 116 | 135 |
| **Dryden 60 CLO Ltd.** <br>4.984% due 07/15/2031 •  | $315 | 316 |

---

------

<br> Schedule of Investments PIMCO Real Return Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Dryden 64 CLO Ltd.** <br>4.899% due 04/18/2031 •  | 148 | 148 |
| **Fortress Credit BSL VII Ltd.** <br>4.761% due 07/23/2032 •  | 456 | 457 |
| **Gallatin CLO VIII Ltd.** <br>5.024% due 07/15/2031 •  | 232 | 232 |
| **Harvest CLO XXI DAC** <br>2.776% due 07/15/2031 •  | 473 | 547 |
| **Man GLG Euro CLO V DAC** <br>2.840% due 12/15/2031 •  | 9 | 10 |
| **Marble Point CLO XXII Ltd.** <br>4.888% due 07/25/2034 •  | $500 | 500 |
| **Mountain View CLO XIV Ltd.** <br>6.813% due 10/15/2034 •  | 4200 | 4205 |
| **Neuberger Berman Loan Advisers CLO 45 Ltd.** <br>4.727% due 10/14/2036 •  | 1100 | 1101 |
| **OZLM XXIV Ltd.** <br>5.089% due 07/20/2032 •  | 124 | 124 |
| **Palmer Square European Loan Funding DAC** <br>2.954% due 05/15/2033 •  | 333 | 385 |
| **Providus CLO IV DAC** <br>2.846% due 04/20/2034 •  | 1818 | 2099 |
| **Rockford Tower Europe CLO DAC** <br>3.271% due 08/29/2036 •  | 1600 | 1848 |
| **SLM Student Loan Trust** <br>4.699% due 10/25/2064 •  | $1136 | 1139 |
| **Sound Point CLO IX Ltd.** <br>5.139% due 07/20/2032 •  | 606 | 606 |
| **Sounds Point CLO IV-R Ltd.** <br>5.079% due 04/18/2031 •  | 98 | 98 |
| **St. Paul's CLO II DAC** <br>3.010% due 10/25/2035 •  | 800 | 924 |
| **St. Paul's CLO IV DAC** <br>2.860% due 04/25/2030 •  | 487 | 562 |
| **St. Paul's CLO X DAC** <br>2.827% due 04/22/2035 •  | 749 | 865 |
| **TCW CLO AMR Ltd.** <br>4.954% due 08/16/2034 •  | $4700 | 4706 |
| **Tikehau CLO IX DAC** <br>3.246% due 01/20/2037 •  | 6200 | 7165 |
| **Voya CLO Ltd.** <br>4.868% due 07/20/2032 •  | $289 | 288 |
|  |  | 58513 |
| Total Asset-Backed Securities (Cost $80,682) |  | 80193 |
| **SOVEREIGN ISSUES 5.8%**  |  |  |
| **Canada Government Real Return Bonds** <br>4.250% due 12/01/2026 (c) | 7064 | 5244 |
| **French Republic Government Bonds OAT** <br>0.100% due 07/25/2031 (c) | 2564 | 2874 |
| **Italy Buoni Poliennali Del Tesoro**  |  |  |
| 0.400% due 05/15/2030 (c)  | 3590 | 4109 |
| 1.800% due 05/15/2036 (c)  | 1345 | 1564 |
| **Japan Government CPI-Linked Bonds**  |  |  |
| 0.005% due 03/10/2035 (c)  | 1175864 | 7079 |
| 0.100% due 03/10/2028 (c)  | 1627720 | 10292 |
| 0.100% due 03/10/2029 (c)  | 2212906 | 13902 |
| **Japan Government Thirty Year Bonds** <br>3.400% due 12/20/2055 | 1140000 | 6864 |
| **Mexico Government International Bonds**  |  |  |
| 5.850% due 07/02/2032  | $400 | 402 |
| 6.625% due 01/29/2038  | 300 | 306 |
| **U.K. Gilts** <br>4.000% due 10/22/2031 | 21600 | 27882 |
| Total Sovereign Issues (Cost $87,844) |  | 80518 |
|  | SHARES |  |
| **PREFERRED SECURITIES 0.1%**  |  |  |
| **BANKING & FINANCE 0.1%**  |  |  |
| **Bank of America Corp.**<br>5.875% due 03/15/2028 •(d) | 1220000 | 1224 |

---

------

<br> Schedule of Investments PIMCO Real Return Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| Total Preferred Securities (Cost $1,220) |  | 1224 |
| **SHORT-TERM INSTRUMENTS 42.2%**  |  |  |
| **REPURCHASE AGREEMENTS (e) 42.2%** |  | 581700 |
| Total Short-Term Instruments (Cost $581,700) |  | 581700 |
| Total Investments in Securities (Cost $2,519,975) |  | 2408616 |
| **INVESTMENTS IN AFFILIATES 0.4%**  |  |  |
| **SHORT-TERM INSTRUMENTS 0.4%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 0.4%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 565615 | 5509 |
| Total Short-Term Instruments (Cost $5,508) |  | 5509 |
| Total Investments in Affiliates (Cost $5,508) |  | 5509 |
| Total Investments 175.0% (Cost $2,525,483) |  | $2414125 |
| **Financial Derivative Instruments (g)(i) 0.1**%(Cost or Premiums, net $(810)) |  | 1502 |
| Other Assets and Liabilities, net (75.1)% |  | (1036267) |
| Net Assets 100.0% |  | $1379360 |

---

------

<br> Schedule of Investments PIMCO Real Return Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  | **NOTES TO SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **^** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** |
| **«** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **þ** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** |
| **(a)** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** |
| **(b)** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** |
| **(c)** | **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.** |
| **(d)** | **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.** |
| **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** |
| **(e)** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** |
| Counterparty | Maturity<br>Date | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | Collateral<br>(Received) | Repurchase<br>Agreements,<br>at Value | Repurchase<br>Agreements,<br>at Value | Repurchase<br>Agreement<br>Proceeds<br>to be<br>Received<sup>(1)</sup> |
| BOS | 04/02/2026 | &nbsp;&nbsp; U.S. Treasury Notes 0.625% due 05/15/2030 | &nbsp;&nbsp; U.S. Treasury Notes 0.625% due 05/15/2030 | &nbsp;&nbsp; U.S. Treasury Notes 0.625% due 05/15/2030 | (593323) | 581700 | 581700 | 581700 |
| **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** |  |  | **(593323)** | **581700** | **581700** | **581700** |
| **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** |
| Counterparty | Counterparty | Borrowing Rate<sup>(2)</sup> | Settlement Date | Maturity Date | Amount<br>Borrowed<sup>(2)</sup> | Amount<br>Borrowed<sup>(2)</sup> | Payable for<br>Reverse<br>Repurchase<br>Agreements | Payable for<br>Reverse<br>Repurchase<br>Agreements |
| DEU | DEU | 3.680%  | 03/26/2026 | 04/01/2026 | (1487) | (1487) | (1488) | (1488) |
|  |  | 3.760  | 03/18/2026 | 04/08/2026 | (136691) | (136691) | (136891) | (136891) |
|  |  | 3.770  | 03/03/2026 | 04/07/2026 | (9657) | (9657) | (9686) | (9686) |
|  |  | 3.770  | 03/04/2026 | 04/08/2026 | (41428) | (41428) | (41549) | (41549) |
|  |  | 3.770  | 03/24/2026 | 04/07/2026 | (1983) | (1983) | (1985) | (1985) |
|  |  | 3.790  | 03/31/2026 | 04/01/2026 | (131) | (131) | (131) | (131) |
| JPS | JPS | 3.760  | 03/09/2026 | 04/20/2026 | (4022) | (4022) | (4032) | (4032) |
|  |  | 3.760  | 03/10/2026 | 04/21/2026 | (6964) | (6964) | (6980) | (6980) |
|  |  | 3.760  | 03/17/2026 | 04/21/2026 | (6407) | (6407) | (6417) | (6417) |
| **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** |  |  |  |  |  | **(209159)** | **(209159)** |
| **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 | Borrowing Rate<sup>(2)</sup> | Borrowing Date | Maturity Date | Amount<br>Borrowed<sup>(2)</sup> | Amount<br>Borrowed<sup>(2)</sup> | Payable for<br>Sale-Buyback<br>Transactions<sup>(3)</sup> | Payable for<br>Sale-Buyback<br>Transactions<sup>(3)</sup> |
| BCY | BCY | 3.770%  | 03/27/2026 | 04/06/2026 | (9223) | (9223) | (9228) | (9228) |
|  |  | 3.800  | 04/01/2026 | 04/02/2026 | (234049) | (234049) | (234048) | (234048) |
| MSC | MSC | 3.800  | 04/01/2026 | 04/02/2026 | (530331) | (530331) | (530331) | (530331) |
| TDM | TDM | 3.770  | 03/19/2026 | 04/09/2026 | (50833) | (50833) | (50903) | (50903) |
| **Total Sale-Buyback Transactions** | **Total Sale-Buyback Transactions** |  |  |  |  |  | **(824510)** | **(824510)** |
| **(f)** | **Securities with an aggregate market value of $1,027,754 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $1,027,754 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $1,027,754 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $1,027,754 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $1,027,754 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $1,027,754 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $1,027,754 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $1,027,754 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** |
| <sup>(1)</sup> | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. |
| <sup>(2)</sup> | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(278908) at a weighted average interest rate of 3.787%. 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 $(278908) at a weighted average interest rate of 3.787%. 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 $(278908) at a weighted average interest rate of 3.787%. 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 $(278908) at a weighted average interest rate of 3.787%. 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 $(278908) at a weighted average interest rate of 3.787%. 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 $(278908) at a weighted average interest rate of 3.787%. 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 $(278908) at a weighted average interest rate of 3.787%. 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 $(278908) at a weighted average interest rate of 3.787%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. |
| <sup>(3)</sup> | Payable for sale-buyback transactions includes $(128) of deferred price drop. | Payable for sale-buyback transactions includes $(128) of deferred price drop. | Payable for sale-buyback transactions includes $(128) of deferred price drop. | Payable for sale-buyback transactions includes $(128) of deferred price drop. | Payable for sale-buyback transactions includes $(128) of deferred price drop. | Payable for sale-buyback transactions includes $(128) of deferred price drop. | Payable for sale-buyback transactions includes $(128) of deferred price drop. | Payable for sale-buyback transactions includes $(128) of deferred price drop. |
| **(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** |

---

------

<br> Schedule of Investments PIMCO Real Return Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **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** |
|  |  |  |  |  | <u>Variation Margin</u><sup>(1)</sup> | <u>Variation Margin</u><sup>(1)</sup> | <u>Variation Margin</u><sup>(1)</sup> |
| Description | Expiration<br>Month | # of<br>Contracts | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| Arabica Coffee September Futures  | 09/2026 | 3 | $313 | (4) | $3 | 3 | $0 |
| Australia Government 10-Year Bond June Futures  | 06/2026 | 238 | 17694 | (110) | 167 | 167 | 0 |
| Brent Crude December Futures  | 10/2026 | 5 | 398 | 22 | 0 | 0 | (22) |
| California Carbon Allowance Vintage December Futures  | 12/2026 | 220 | 6351 | (818) | 0 | 0 | (57) |
| Cocoa July Futures  | 07/2026 | 8 | 269 | 7 | 10 | 10 | 0 |
| Euro-BTP Future June Futures  | 06/2026 | 388 | 52148 | (1510) | 628 | 628 | 0 |
| Euro-Bund June Futures  | 06/2026 | 46 | 6667 | (86) | 48 | 48 | 0 |
| Euro-Buxl 30-Year Bond June Futures  | 06/2026 | 39 | 4970 | (59) | 92 | 92 | 0 |
| Euro-Schatz June Futures  | 06/2026 | 332 | 40581 | 32 | 54 | 54 | (2) |
| Gas Oil September Futures  | 09/2026 | 1 | 93 | 29 | 0 | 0 | (2) |
| Hard Red Winter Wheat September Futures  | 09/2026 | 8 | 265 | 17 | 3 | 3 | 0 |
| Iron Ore July Futures  | 07/2026 | 4 | 42 | (1) | 0 | 0 | 0 |
| Live Cattle June Futures  | 06/2026 | 13 | 1265 | 39 | 16 | 16 | 0 |
| LME Aluminum July Futures  | 07/2026 | 11 | 949 | 14 | 15 | 15 | (1) |
| LME Zinc July Futures  | 07/2026 | 14 | 1132 | 11 | 19 | 19 | (8) |
| New York Harbor September Futures  | 08/2026 | 2 | 266 | 78 | 0 | 0 | (9) |
| Platinum July Futures  | 07/2026 | 1 | 99 | (3) | 3 | 3 | 0 |
| RBOB Gasoline September Futures  | 08/2026 | 7 | 778 | 166 | 0 | 0 | (25) |
| Silver July Futures  | 07/2026 | 1 | 377 | (29) | 22 | 22 | 0 |
| Soybean July Futures  | 07/2026 | 17 | 1008 | 3 | 9 | 9 | 0 |
| Soybean Meal December Futures  | 12/2026 | 11 | 343 | (4) | 3 | 3 | 0 |
| Soybean Meal July Futures  | 07/2026 | 61 | 1917 | (11) | 8 | 8 | 0 |
| Soybean Meal May Futures  | 05/2026 | 7 | 221 | 9 | 1 | 1 | 0 |
| Soybean November Futures  | 11/2026 | 25 | 1447 | 39 | 17 | 17 | 0 |
| Soybean Oil July December Futures  | 12/2026 | 2 | 78 | 8 | 0 | 0 | 0 |
| U.S. Treasury 5-Year Note June Futures  | 06/2026 | 92 | 9953 | (157) | 13 | 13 | 0 |
| U.S. Treasury 10-Year Note June Futures  | 06/2026 | 145 | 16102 | (318) | 34 | 34 | 0 |
| U.S. Treasury 10-Year Ultra Long-Term Bond June Futures  | 06/2026 | 707 | 80256 | (1804) | 210 | 210 | 0 |
| U.S. Treasury Ultra Long-Term Bond June Futures  | 06/2026 | 546 | 63643 | (1500) | 119 | 119 | 0 |
| Wheat September Futures  | 09/2026 | 13 | 162 | 3 | 2 | 2 | 0 |
| WTI Crude September Futures  | 08/2026 | 3 | 234 | 49 | 0 | 0 | (15) |
|  |  |  |  | $ | 1496 | $ | (141) |
| **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><sup>(1)</sup> | <u>Variation Margin</u><sup>(1)</sup> | <u>Variation Margin</u><sup>(1)</sup> |
| Description | Expiration<br>Month | # of<br>Contracts | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| Arabica Coffee July Futures  | 07/2026 | 1 | $(109) | 0 | $0 | 0 | $0 |
| Carbon Emissions December Futures  | 12/2026 | 1 | (84) | (2) | 0 | 0 | (1) |
| Cocoa July Futures  | 07/2026 | 2 | (66) | 0 | 0 | 0 | (2) |
| Cocoa September Futures  | 09/2026 | 11 | (376) | 11 | 0 | 0 | (15) |
| Corn July Futures  | 07/2026 | 85 | (1990) | (10) | 0 | 0 | (4) |
| Corn September Futures  | 09/2026 | 34 | (799) | (35) | 0 | 0 | 0 |
| Cotton No. 2 December Futures  | 12/2026 | 13 | (483) | (24) | 3 | 3 | 0 |
| Cotton No. 2 July Futures  | 07/2026 | 12 | (433) | (18) | 3 | 3 | 0 |
| Euro-Bobl June Futures  | 06/2026 | 82 | (10940) | 118 | 0 | 0 | (44) |
| Euro-Oat June Futures  | 06/2026 | 443 | (60774) | 1930 | 0 | 0 | (563) |
| Hard Red Winter Wheat July Futures  | 07/2026 | 13 | (422) | (21) | 0 | 0 | (5) |
| Japan Government 10-Year Bond June Futures  | 06/2026 | 36 | (29559) | 273 | 7 | 7 | (64) |
| Lean Hogs June Futures  | 06/2026 | 18 | (756) | 23 | 6 | 6 | 0 |
| LME Lead Futures July Futures  | 07/2026 | 26 | (1242) | 14 | 15 | 15 | (1) |
| LME Nickel July Futures  | 07/2026 | 6 | (617) | 3 | 4 | 4 | (1) |
| Natural Gas July Futures  | 06/2026 | 28 | (905) | 47 | 16 | 16 | 0 |
| Natural Gas June Futures  | 05/2026 | 5 | (211) | 9 | 18 | 18 | (2) |
| Natural Gas September Futures  | 08/2026 | 4 | (131) | 7 | 3 | 3 | 0 |
| Soybean Oil July Futures  | 07/2026 | 5 | (207) | (8) | 0 | 0 | (1) |
| Sugar No. 11 October Futures  | 09/2026 | 55 | (989) | (120) | 7 | 7 | 0 |
| U.S. Treasury 2-Year Note June Futures  | 06/2026 | 985 | (204334) | 1476 | 0 | 0 | (77) |
| U.S. Treasury Long-Term Bond June Futures  | 06/2026 | 1125 | (128109) | 3589 | 0 | 0 | (422) |
| Wheat July Futures  | 07/2026 | 27 | (846) | (32) | 0 | 0 | (9) |
| Wheat September Futures  | 09/2026 | 16 | (511) | (49) | 0 | 0 | (5) |
| White Sugar August Futures  | 07/2026 | 3 | (68) | (5) | 0 | 0 | 0 |
|  |  |  |  | $ | 82 | $ | (1216) |
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **$** | **1578** | **$** | **(1357)** |

---

------

<br> Schedule of Investments PIMCO Real Return Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **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** |
|  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Fixed Rate | Payment<br>Frequency | Maturity<br>Date | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Asset | Liability |
| Pay | 1-Day GBP-SONIO Compounded-OIS | 3.500% | Annual | 03/18/2028 | 27900 | $(588) | $50 | (538) | $58 | $0 |
| Pay | 1-Day GBP-SONIO Compounded-OIS | 3.500 | Annual | 03/18/2031 | 44940 | (956) | (960) | (1916) | 143 | 0 |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 0.300 | Semi-Annual | 09/20/2027 | 400000 | 37 | (1) | 36 | 0 | (1) |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 0.300 | Semi-Annual | 03/20/2028 | 118480 | 16 | 0 | 16 | 0 | (1) |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 0.550 | Annual | 09/14/2028 | 1600000 | 200 | 21 | 221 | 0 | (8) |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 0.500 | Annual | 12/15/2031 | 1061000 | 434 | 45 | 479 | 0 | (14) |
| Pay | 1-Day USD-SOFR Compounded-OIS | 2.300 | Semi-Annual | 11/15/2028 | $53300 | (704) | (1178) | (1882) | 23 | 0 |
| Pay | 1-Day USD-SOFR Compounded-OIS | 2.340 | Semi-Annual | 11/21/2028 | 6020 | (76) | (129) | (205) | 3 | 0 |
| Receive<sup>(2)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.325 | Annual | 08/31/2030 | 56540 | 185 | 376 | 561 | 0 | (56) |
| Receive<sup>(2)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.337 | Annual | 08/31/2030 | 2100 | 0 | 20 | 20 | 0 | (2) |
| Receive<sup>(2)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.407 | Annual | 08/31/2030 | 400 | 0 | 3 | 3 | 0 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | 05/15/2032 | 81197 | (81) | (156) | (237) | 0 | (96) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/18/2034 | 9600 | 427 | (2) | 425 | 0 | (9) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.640 | Annual | 08/15/2035 | 1000 | 2 | 13 | 15 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.700 | Annual | 08/15/2035 | 1000 | (1) | 12 | 11 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.715 | Annual | 08/15/2035 | 1730 | 4 | 12 | 16 | 0 | (2) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.758 | Annual | 08/15/2035 | 9300 | 0 | 56 | 56 | 0 | (8) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.768 | Annual | 08/15/2035 | 11500 | 0 | 60 | 60 | 0 | (10) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.777 | Annual | 08/15/2035 | 12600 | 0 | 57 | 57 | 0 | (11) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.801 | Annual | 08/15/2035 | 14100 | (1) | 38 | 37 | 0 | (13) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.285 | Semi-Annual | 11/15/2053 | 6810 | 428 | 1956 | 2384 | 23 | 0 |
| Receive<sup>(2)</sup> | 1-Day USD-SOFR Compounded-OIS | 3.998 | Annual | 11/15/2053 | 200 | 0 | 5 | 5 | 1 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.010 | Annual | 11/15/2053 | 4700 | 66 | 46 | 112 | 17 | 0 |
| Receive<sup>(2)</sup> | 1-Day USD-SOFR Compounded-OIS | 4.015 | Annual | 11/15/2053 | 500 | 0 | 12 | 12 | 2 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 4.075 | Annual | 11/15/2053 | 4366 | 32 | 25 | 57 | 15 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.237 | Semi-Annual | 11/21/2053 | 5300 | 329 | 1567 | 1896 | 18 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 2.865 | Annual | 02/13/2054 | 22300 | 462 | 4322 | 4784 | 76 | 0 |
| Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 06/20/2054 | 8300 | 221 | 731 | 952 | 28 | 0 |
| Pay<sup>(2)</sup> | 6-Month EUR-EURIBOR | 2.750 | Annual | 09/16/2036 | 99540 | (1525) | (2096) | (3621) | 879 | 0 |
| Receive | 6-Month EUR-EURIBOR | 0.190 | Annual | 11/04/2052 | 5400 | 334 | 3051 | 3385 | 0 | (31) |
| Receive | 6-Month EUR-EURIBOR | 0.195 | Annual | 11/04/2052 | 5600 | 4 | 3501 | 3505 | 0 | (32) |
| Receive | 6-Month EUR-EURIBOR | 0.197 | Annual | 11/08/2052 | 9900 | 616 | 5573 | 6189 | 0 | (57) |
| Receive | 6-Month EUR-EURIBOR | 3.050 | Annual | 01/13/2056 | 8240 | 362 | (277) | 85 | 0 | (90) |
| Receive<sup>(2)</sup> | 6-Month EUR-EURIBOR | 3.000 | Annual | 09/16/2056 | 26960 | 449 | 230 | 679 | 0 | (301) |
| Receive | CPTFEMU | 2.000 | Maturity | 02/15/2027 | 4900 | 8 | 71 | 79 | 7 | 0 |
| Receive | CPTFEMU | 3.000 | Maturity | 05/15/2027 | 1900 | 1 | 75 | 76 | 3 | 0 |
| Receive | CPTFEMU | 3.130 | Maturity | 05/15/2027 | 1200 | 0 | 38 | 38 | 2 | 0 |

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------

<br> Schedule of Investments PIMCO Real Return Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | Receive | CPTFEMU | CPTFEMU | 1.636 | Maturity | Maturity | 06/15/2027 | 21300 |  | 0 |  | 479 |  | 479 |  | 29 | 29 |  | 0 |
| Pay | Pay | CPTFEMU | CPTFEMU | 1.380 | Maturity | Maturity | 03/15/2031 | 13430 |  | (100) |  | (3098) |  | (3198) |  | 0 | 0 |  | (30) |
| Receive | Receive | CPTFEMU | CPTFEMU | 2.049 | Maturity | Maturity | 08/15/2034 | 8700 |  | (4) |  | 132 |  | 128 |  | 7 | 7 |  | 0 |
| Receive | Receive | CPTFEMU | CPTFEMU | 2.034 | Maturity | Maturity | 09/15/2034 | 5700 |  | (16) |  | 111 |  | 95 |  | 5 | 5 |  | 0 |
| Pay | Pay | CPTFEMU | CPTFEMU | 2.488 | Maturity | Maturity | 05/15/2037 | 40 |  | 0 |  | (1) |  | (1) |  | 0 | 0 |  | 0 |
| Pay | Pay | CPTFEMU | CPTFEMU | 2.580 | Maturity | Maturity | 03/15/2052 | 800 |  | 1 |  | 5 |  | 6 |  | 4 | 4 |  | 0 |
| Pay | Pay | CPTFEMU | CPTFEMU | 2.590 | Maturity | Maturity | 03/15/2052 | 1300 |  | (34) |  | 48 |  | 14 |  | 6 | 6 |  | 0 |
| Pay | Pay | CPTFEMU | CPTFEMU | 2.550 | Maturity | Maturity | 04/15/2052 | 200 |  | 0 |  | 1 |  | 1 |  | 1 | 1 |  | 0 |
| Pay | Pay | CPTFEMU | CPTFEMU | 2.421 | Maturity | Maturity | 05/15/2052 | 550 |  | 0 |  | (16) |  | (16) |  | 2 | 2 |  | 0 |
| Pay | Pay | CPTFEMU | CPTFEMU | 2.590 | Maturity | Maturity | 12/15/2052 | 2000 |  | 0 |  | 145 |  | 145 |  | 10 | 10 |  | 0 |
| Pay | Pay | CPTFEMU | CPTFEMU | 2.700 | Maturity | Maturity | 04/15/2053 | 1800 |  | 12 |  | 200 |  | 212 |  | 11 | 11 |  | 0 |
| Pay | Pay | CPTFEMU | CPTFEMU | 2.763 | Maturity | Maturity | 09/15/2053 | 800 |  | 5 |  | 107 |  | 112 |  | 5 | 5 |  | 0 |
| Pay | Pay | CPTFEMU | CPTFEMU | 2.682 | Maturity | Maturity | 10/15/2053 | 900 |  | 0 |  | 102 |  | 102 |  | 5 | 5 |  | 0 |
| Pay | Pay | CPTFEMU | CPTFEMU | 2.736 | Maturity | Maturity | 10/15/2053 | 1400 |  | 13 |  | 170 |  | 183 |  | 8 | 8 |  | 0 |
| Pay | Pay | CPURNSA | CPURNSA | 3.323 | Maturity | Maturity | 04/23/2026 | 3800 |  | 0 |  | 35 |  | 35 |  | 0 | 0 |  | 0 |
| Receive | Receive | CPURNSA | CPURNSA | 2.768 | Maturity | Maturity | 05/13/2026 | 7700 |  | 0 |  | 751 |  | 751 |  | 9 | 9 |  | 0 |
| Receive | Receive | CPURNSA | CPURNSA | 2.813 | Maturity | Maturity | 05/14/2026 | 3300 |  | 0 |  | 314 |  | 314 |  | 4 | 4 |  | 0 |
| Receive | Receive | CPURNSA | CPURNSA | 2.703 | Maturity | Maturity | 05/25/2026 | 5980 |  | 0 |  | 614 |  | 614 |  | 13 | 13 |  | 0 |
| Receive | Receive | CPURNSA | CPURNSA | 2.690 | Maturity | Maturity | 06/01/2026 | 400 |  | 0 |  | 42 |  | 42 |  | 1 | 1 |  | 0 |
| Pay | Pay | CPURNSA | CPURNSA | 3.300 | Maturity | Maturity | 06/04/2026 | 7000 |  | 0 |  | (2) |  | (2) |  | 0 | 0 |  | (17) |
| Pay | Pay | CPURNSA | CPURNSA | 3.435 | Maturity | Maturity | 08/01/2026 | 14100 |  | 0 |  | (53) |  | (53) |  | 18 | 18 |  | 0 |
| Pay | Pay | CPURNSA | CPURNSA | 3.434 | Maturity | Maturity | 08/27/2026 | 14200 |  | 0 |  | (36) |  | (36) |  | 15 | 15 |  | 0 |
| Receive | Receive | CPURNSA | CPURNSA | 1.798 | Maturity | Maturity | 08/25/2027 | 7000 |  | 0 |  | 1280 |  | 1280 |  | 0 | 0 |  | (6) |
| Receive | Receive | CPURNSA | CPURNSA | 1.890 | Maturity | Maturity | 08/27/2027 | 7100 |  | 0 |  | 1248 |  | 1248 |  | 0 | 0 |  | (6) |
| Pay | Pay | CPURNSA | CPURNSA | 2.379 | Maturity | Maturity | 07/09/2028 | 3700 |  | (2) |  | (418) |  | (420) |  | 2 | 2 |  | 0 |
| Receive | Receive | CPURNSA | CPURNSA | 2.573 | Maturity | Maturity | 08/26/2028 | 800 |  | 0 |  | 69 |  | 69 |  | 0 | 0 |  | 0 |
| Receive | Receive | CPURNSA | CPURNSA | 2.645 | Maturity | Maturity | 09/10/2028 | 1900 |  | 0 |  | 147 |  | 147 |  | 0 | 0 |  | (1) |
| Pay | Pay | CPURNSA | CPURNSA | 2.165 | Maturity | Maturity | 04/16/2029 | 18000 |  | 0 |  | (2567) |  | (2567) |  | 11 | 11 |  | 0 |
| Pay | Pay | CPURNSA | CPURNSA | 1.954 | Maturity | Maturity | 06/03/2029 | 6450 |  | 0 |  | (1051) |  | (1051) |  | 3 | 3 |  | 0 |
| Pay | Pay | CPURNSA | CPURNSA | 1.998 | Maturity | Maturity | 07/25/2029 | 20100 |  | 0 |  | (3132) |  | (3132) |  | 11 | 11 |  | 0 |
| Pay | Pay | CPURNSA | CPURNSA | 1.760 | Maturity | Maturity | 11/04/2029 | 12300 |  | (11) |  | (2235) |  | (2246) |  | 7 | 7 |  | 0 |
| Receive | Receive | CPURNSA | CPURNSA | 2.312 | Maturity | Maturity | 02/24/2031 | 21800 |  | 0 |  | 2797 |  | 2797 |  | 0 | 0 |  | (14) |
| Receive | Receive | UKRPI | UKRPI | 3.365 | Maturity | Maturity | 09/15/2027 | 8900 |  | 4 |  | 175 |  | 179 |  | 3 | 3 |  | 0 |
| Pay | Pay | UKRPI | UKRPI | 3.500 | Maturity | Maturity | 08/15/2034 | 6300 |  | 36 |  | (104) |  | (68) |  | 0 | 0 |  | (39) |
| Pay | Pay | UKRPI | UKRPI | 3.466 | Maturity | Maturity | 09/15/2034 | 2700 |  | 0 |  | (45) |  | (45) |  | 0 | 0 |  | (21) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | $**589** | **589** | $**13381** | **13381** | $**13970** | **13970** | $**1488** | **1488** | **1488** | $**(878)** | **(878)** |
| **(h)** | **Securities with an aggregate market value of $12,996 and cash of $7,434 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 $12,996 and cash of $7,434 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 $12,996 and cash of $7,434 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 $12,996 and cash of $7,434 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 $12,996 and cash of $7,434 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 $12,996 and cash of $7,434 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 $12,996 and cash of $7,434 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 $12,996 and cash of $7,434 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 $12,996 and cash of $7,434 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 $12,996 and cash of $7,434 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 $12,996 and cash of $7,434 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 $12,996 and cash of $7,434 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 $12,996 and cash of $7,434 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 $12,996 and cash of $7,434 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 $12,996 and cash of $7,434 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 $12,996 and cash of $7,434 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 $12,996 and cash of $7,434 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 $12,996 and cash of $7,434 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 $12,996 and cash of $7,434 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** |
| <sup>(1)</sup> | Unsettled variation margin asset of $86 and liability of $(21) for closed futures is outstanding at period end. | Unsettled variation margin asset of $86 and liability of $(21) for closed futures is outstanding at period end. | Unsettled variation margin asset of $86 and liability of $(21) for closed futures is outstanding at period end. | Unsettled variation margin asset of $86 and liability of $(21) for closed futures is outstanding at period end. | Unsettled variation margin asset of $86 and liability of $(21) for closed futures is outstanding at period end. | Unsettled variation margin asset of $86 and liability of $(21) for closed futures is outstanding at period end. | Unsettled variation margin asset of $86 and liability of $(21) for closed futures is outstanding at period end. | Unsettled variation margin asset of $86 and liability of $(21) for closed futures is outstanding at period end. | Unsettled variation margin asset of $86 and liability of $(21) for closed futures is outstanding at period end. | Unsettled variation margin asset of $86 and liability of $(21) for closed futures is outstanding at period end. | Unsettled variation margin asset of $86 and liability of $(21) for closed futures is outstanding at period end. | Unsettled variation margin asset of $86 and liability of $(21) for closed futures is outstanding at period end. | Unsettled variation margin asset of $86 and liability of $(21) for closed futures is outstanding at period end. | Unsettled variation margin asset of $86 and liability of $(21) for closed futures is outstanding at period end. | Unsettled variation margin asset of $86 and liability of $(21) for closed futures is outstanding at period end. | Unsettled variation margin asset of $86 and liability of $(21) for closed futures is outstanding at period end. | Unsettled variation margin asset of $86 and liability of $(21) for closed futures is outstanding at period end. | Unsettled variation margin asset of $86 and liability of $(21) for closed futures is outstanding at period end. | Unsettled variation margin asset of $86 and liability of $(21) for closed futures is outstanding at period end. |
| <sup>(2)</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. |
| **(i)** | **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 | 23261 | 23261 | $ | $16981 | 16981 | 16981 | 259 | 259 | 259 | 259 | $0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | SGD | 15 | 15 |  | 12 | 12 | 12 | 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 | 12033 | 12033 |  | 2305 | 2305 | 2305 | 0 | 0 | 0 | 0 | (18) | (18) | (18) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | CNH | 3227 | 3227 |  | 468 | 468 | 468 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | GBP | 452 | 452 |  | 608 | 608 | 608 | 9 | 9 | 9 | 9 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | INR | 117863 | 117863 |  | 1255 | 1255 | 1255 | 11 | 11 | 11 | 11 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | KRW | 364562 | 364562 |  | 249 | 249 | 249 | 7 | 7 | 7 | 7 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | PLN | 2526 | 2526 |  | 683 | 683 | 683 | 3 | 3 | 3 | 3 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | $ | $2307 | 2307 | BRL | 12033 | 12033 | 12033 | 16 | 16 | 16 | 16 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 160 | 160 | CNH | 1103 | 1103 | 1103 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 15149 | 15149 | EUR | 12818 | 12818 | 12818 | 0 | 0 | 0 | 0 | (334) | (334) | (334) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 1255 | 1255 | INR | 118074 | 118074 | 118074 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 2464 | 2464 | JPY | 393133 | 393133 | 393133 | 13 | 13 | 13 | 13 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 195 | 195 | MXN | 3592 | 3592 | 3592 | 5 | 5 | 5 | 5 | 0 | 0 | 0 |
|  |  |  | 05/2026  | 05/2026  | 05/2026  | JPY | 391949 | 391949 | $ | $2464 | 2464 | 2464 | 0 | 0 | 0 | 0 | (13) | (13) | (13) |
|  |  |  | 06/2026  | 06/2026  | 06/2026  | BRL | 7 | 7 |  | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 06/2026  | 06/2026  | 06/2026  | ILS | 4427 | 4427 |  | 1433 | 1433 | 1433 | 22 | 22 | 22 | 22 | 0 | 0 | 0 |
|  |  |  | 06/2026  | 06/2026  | 06/2026  | MXN | 16474 | 16474 |  | 919 | 919 | 919 | 6 | 6 | 6 | 6 | 0 | 0 | 0 |
|  |  |  | 06/2026  | 06/2026  | 06/2026  | $ | $229 | 229 | ILS | 714 | 714 | 714 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | 04/2026  | 04/2026  | 04/2026  | BRL | 12551 | 12551 | $ | $2413 | 2413 | 2413 | 1 | 1 | 1 | 1 | (11) | (11) | (11) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | CNH | 1105 | 1105 |  | 161 | 161 | 161 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | ILS | 4352 | 4352 |  | 1409 | 1409 | 1409 | 25 | 25 | 25 | 25 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | KRW | 874882 | 874882 |  | 582 | 582 | 582 | 2 | 2 | 2 | 2 | (1) | (1) | (1) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | NZD | 4399 | 4399 |  | 2602 | 2602 | 2602 | 74 | 74 | 74 | 74 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | PLN | 970 | 970 |  | 261 | 261 | 261 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | THB | 115023 | 115023 |  | 3558 | 3558 | 3558 | 67 | 67 | 67 | 67 | (2) | (2) | (2) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | $ | $1377 | 1377 | AUD | 1978 | 1978 | 1978 | 0 | 0 | 0 | 0 | (13) | (13) | (13) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 2405 | 2405 | BRL | 12551 | 12551 | 12551 | 18 | 18 | 18 | 18 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 5660 | 5660 | IDR | 95770453 | 95770453 | 95770453 | 0 | 0 | 0 | 0 | (19) | (19) | (19) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 1038 | 1038 | ILS | 3289 | 3289 | 3289 | 8 | 8 | 8 | 8 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 655 | 655 | KRW | 977762 | 977762 | 977762 | 1 | 1 | 1 | 1 | (6) | (6) | (6) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 2861 | 2861 | PLN | 10313 | 10313 | 10313 | 0 | 0 | 0 | 0 | (83) | (83) | (83) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 1 | 1 | THB | 23 | 23 | 23 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  |  | 3121 | 3121 | TWD | 99770 | 99770 | 99770 | 1 | 1 | 1 | 1 | (8) | (8) | (8) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | ZAR | 15317 | 15317 | $ | $904 | 904 | 904 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |

---

------

<br> Schedule of Investments PIMCO Real Return Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 05/2026  | 3285 | 1038 | 0 | (8) |
|  | 05/2026  | 247625 | 2617 | 0 | (11) |
|  | 05/2026  | 56841 | 1764 | 0 | (8) |
|  | 05/2026  | $1020 | 5354 | 7 | 0 |
|  | 05/2026  | 1313 | 22352649 | 3 | 0 |
|  | 05/2026  | 264 | 8667 | 0 | (1) |
|  | 06/2026  | 6097761 | $362 | 4 | 0 |
|  | 06/2026  | $521 | 8772831 | 0 | (5) |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | 04/2026  | 29 | $21 | 0 | 0 |
|  | 04/2026  | 109717 | 2382 | 0 | (39) |
|  | 04/2026  | $1336 | 4807 | 0 | (41) |
|  | 04/2026  | 1229 | 11153 | 0 | (51) |
|  | 04/2026  | 13159 | 586153 | 26 | 0 |
|  | 04/2026  | 1800 | 29457 | 0 | (61) |
|  | 05/2026  | 32392 | $695 | 0 | (5) |
|  | 05/2026  | $21 | 29 | 0 | 0 |
|  | 06/2026  | 57 | $19 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | 04/2026  | $22401 | 16828 | 0 | (128) |
|  | 04/2026  | 13612 | 2172970 | 80 | 0 |
|  | 04/2026  | 10249 | 17753 | 0 | (47) |
|  | 04/2026  | 2058 | 7444 | 0 | (53) |
|  | 05/2026  | 16828 | $22400 | 128 | 0 |
|  | 05/2026  | 2166423 | 13612 | 0 | (80) |
|  | 05/2026  | 17753 | 10260 | 48 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | 04/2026  | 1102 | 160 | 0 | 0 |
|  | 04/2026  | 8699 | 10079 | 25 | 0 |
|  | 04/2026  | 391 | 524 | 6 | 0 |
|  | 04/2026  | 899545 | 9625 | 125 | 0 |
|  | 04/2026  | 4630 | 477 | 0 | (2) |
|  | 04/2026  | 3665 | 393 | 6 | 0 |
|  | 04/2026  | 114 | 4 | 0 | 0 |
|  | 04/2026  | 5307 | 166 | 1 | 0 |
|  | 04/2026  | $494 | 3403 | 0 | 0 |
|  | 04/2026  | 2033 | 1532 | 0 | (5) |
|  | 04/2026  | 23795 | 2192709 | 19 | (586) |
|  | 06/2026  | 4679015 | $1205 | 0 | (48) |
|  | 06/2026  | 1097 | 356 | 6 | 0 |
|  | 06/2026  | $361 | 6063889 | 0 | (4) |
|  | 06/2026  | 1695 | 29971 | 0 | (33) |
|  | 09/2026  | 1387 | 5369795 | 21 | 0 |
|  | 09/2026  | 397 | 7105 | 0 | (6) |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | 04/2026  | 662 | $96 | 0 | 0 |
|  | 04/2026  | 8780 | 2836 | 43 | 0 |
|  | 04/2026  | 359954 | 3822 | 25 | (5) |
|  | 04/2026  | $7405 | 10795 | 43 | 0 |
|  | 04/2026  | 204 | 1398 | 0 | (1) |
|  | 04/2026  | 4189 | 394844 | 28 | (20) |
|  | 04/2026  | 16509 | 21088 | 0 | (107) |
|  | 04/2026  | 1158 | 37824 | 0 | (10) |
|  | 05/2026  | 10795 | $7402 | 0 | (43) |
|  | 05/2026  | 21041 | 16509 | 106 | 0 |
|  | 05/2026  | $96 | 661 | 0 | 0 |
|  | 06/2026  | 37747 | $1158 | 6 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | 04/2026  | 5722 | 4056 | 107 | 0 |
|  | 04/2026  | 2618 | 3392 | 118 | 0 |
|  | 04/2026  | 18288 | 24713 | 508 | 0 |
|  | 04/2026  | 711539 | 4554 | 71 | 0 |
|  | 04/2026  | $2351 | 1873 | 0 | (8) |
|  | 04/2026  | 16952 | 2705547 | 96 | 0 |
|  | 04/2026  | 1483 | 5354 | 0 | (41) |
|  | 04/2026  | 89 | 114 | 0 | (1) |
|  | 05/2026  | 1866 | $2351 | 8 | 0 |
|  | 05/2026  | 5464 | 1726 | 0 | (13) |
|  | 05/2026  | 2697375 | 16952 | 0 | (95) |
|  | 05/2026  | 114 | 89 | 1 | 0 |
|  | 06/2026  | 3151 | 1022 | 18 | 0 |
|  | 06/2026  | $3181 | 55420 | 0 | (108) |
|  | 09/2026  | 322 | 5692 | 0 | (9) |
| &nbsp;&nbsp;&nbsp;&nbsp; GLM | 04/2026  | 91551 | $17261 | 0 | (414) |
|  | 04/2026  | 4272 | 1374 | 15 | 0 |
|  | 04/2026  | 11793 | 129 | 5 | 0 |
|  | 04/2026  | $17246 | 92836 | 676 | 0 |
|  | 04/2026  | 441 | 3029 | 0 | (1) |
|  | 04/2026  | 152 | 2568513 | 0 | (1) |
|  | 04/2026  | 1651 | 30438 | 47 | 0 |
|  | 04/2026  | 644 | 21143 | 0 | (2) |
|  | 06/2026  | 22 | $4 | 0 | 0 |
|  | 06/2026  | 8058518 | 478 | 4 | 0 |
|  | 06/2026  | 3434 | 193 | 2 | 0 |
|  | 06/2026  | 21106 | 644 | 0 | 0 |
|  | 06/2026  | $826 | 13975594 | 0 | (4) |
|  | 06/2026  | 2757 | 48029 | 0 | (94) |
|  | 07/2026  | 20 | $4 | 0 | 0 |
|  | 07/2026  | $17261 | 93442 | 415 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; IND | 04/2026  | 48470 | $57232 | 1209 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | 04/2026  | 2837 | 411 | 0 | (1) |

---

------

<br> Schedule of Investments PIMCO Real Return Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | 04/2026  | 04/2026  | INR | 186502 |  | 1984 | 1984 | 1984 |  | 14 | 14 | 14 |  | 0 |
|  |  | 04/2026  | 04/2026  | PLN | 5564 |  | 1516 | 1516 | 1516 |  | 19 | 19 | 19 |  | (2) |
|  |  | 04/2026  | 04/2026  | SGD | 21187 |  | 16812 | 16812 | 16812 |  | 333 | 333 | 333 |  | 0 |
|  |  | 04/2026  | 04/2026  | $ | 6272 | EUR | 5344 | 5344 | 5344 |  | 0 | 0 | 0 |  | (96) |
|  |  | 04/2026  | 04/2026  |  | 1984 | INR | 186821 | 186821 | 186821 |  | 4 | 4 | 4 |  | 0 |
|  |  | 04/2026  | 04/2026  |  | 6536 | MXN | 117356 | 117356 | 117356 |  | 17 | 17 | 17 |  | (12) |
|  |  | 04/2026  | 04/2026  |  | 4437 | ZAR | 74084 | 74084 | 74084 |  | 0 | 0 | 0 |  | (64) |
|  |  | 04/2026  | 04/2026  | ZAR | 30113 | $ | 1773 | 1773 | 1773 |  | 1 | 1 | 1 |  | (5) |
|  |  | 05/2026  | 05/2026  | $ | 101 | CNH | 695 | 695 | 695 |  | 0 | 0 | 0 |  | 0 |
|  |  | 06/2026  | 06/2026  | ILS | 2817 | $ | 912 | 912 | 912 |  | 14 | 14 | 14 |  | 0 |
|  |  | 06/2026  | 06/2026  | MXN | 18125 |  | 1010 | 1010 | 1010 |  | 5 | 5 | 5 |  | 0 |
|  |  | 06/2026  | 06/2026  | $ | 220 | ILS | 683 | 683 | 683 |  | 0 | 0 | 0 |  | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | &nbsp;&nbsp;&nbsp;&nbsp; MBC | 04/2026  | 04/2026  | CHF | 399 | $ | 505 | 505 | 505 |  | 6 | 6 | 6 |  | 0 |
|  |  | 04/2026  | 04/2026  | EUR | 807 |  | 927 | 927 | 927 |  | 0 | 0 | 0 |  | (5) |
|  |  | 04/2026  | 04/2026  | JPY | 1928788 |  | 12241 | 12241 | 12241 |  | 102 | 102 | 102 |  | (14) |
|  |  | 04/2026  | 04/2026  | KRW | 1729669 |  | 1182 | 1182 | 1182 |  | 32 | 32 | 32 |  | 0 |
|  |  | 04/2026  | 04/2026  | NOK | 60 |  | 6 | 6 | 6 |  | 0 | 0 | 0 |  | 0 |
|  |  | 04/2026  | 04/2026  | SEK | 5805 |  | 618 | 618 | 618 |  | 5 | 5 | 5 |  | 0 |
|  |  | 04/2026  | 04/2026  | THB | 32238 |  | 1009 | 1009 | 1009 |  | 31 | 31 | 31 |  | 0 |
|  |  | 04/2026  | 04/2026  | $ | 1535 | AUD | 2178 | 2178 | 2178 |  | 0 | 0 | 0 |  | (32) |
|  |  | 04/2026  | 04/2026  |  | 1458 | CHF | 1142 | 1142 | 1142 |  | 0 | 0 | 0 |  | (30) |
|  |  | 04/2026  | 04/2026  |  | 1029 | GBP | 771 | 771 | 771 |  | 0 | 0 | 0 |  | (9) |
|  |  | 04/2026  | 04/2026  |  | 6374 | JPY | 1018126 | 1018126 | 1018126 |  | 41 | 41 | 41 |  | 0 |
|  |  | 04/2026  | 04/2026  |  | 494 | MXN | 9113 | 9113 | 9113 |  | 14 | 14 | 14 |  | 0 |
|  |  | 04/2026  | 04/2026  |  | 508 | NOK | 4974 | 4974 | 4974 |  | 5 | 5 | 5 |  | 0 |
|  |  | 05/2026  | 05/2026  | JPY | 833799 | $ | 5230 | 5230 | 5230 |  | 0 | 0 | 0 |  | (39) |
|  |  | 05/2026  | 05/2026  | NOK | 4975 |  | 508 | 508 | 508 |  | 0 | 0 | 0 |  | (5) |
|  |  | 06/2026  | 06/2026  | MXN | 2120 |  | 117 | 117 | 117 |  | 0 | 0 | 0 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MYI | &nbsp;&nbsp;&nbsp;&nbsp; MYI | 04/2026  | 04/2026  | PLN | 531 |  | 150 | 150 | 150 |  | 7 | 7 | 7 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; NGF | &nbsp;&nbsp;&nbsp;&nbsp; NGF | 04/2026  | 04/2026  | NOK | 288 |  | 30 | 30 | 30 |  | 0 | 0 | 0 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | &nbsp;&nbsp;&nbsp;&nbsp; SCX | 04/2026  | 04/2026  | JPY | 559597 |  | 3587 | 3587 | 3587 |  | 61 | 61 | 61 |  | 0 |
|  |  | 04/2026  | 04/2026  | NZD | 13354 |  | 7984 | 7984 | 7984 |  | 310 | 310 | 310 |  | 0 |
|  |  | 04/2026  | 04/2026  | THB | 3200 |  | 100 | 100 | 100 |  | 3 | 3 | 3 |  | 0 |
|  |  | 04/2026  | 04/2026  | $ | 16822 | CAD | 23289 | 23289 | 23289 |  | 0 | 0 | 0 |  | (79) |
|  |  | 04/2026  | 04/2026  |  | 2456 | INR | 223635 | 223635 | 223635 |  | 0 | 0 | 0 |  | (94) |
|  |  | 04/2026  | 04/2026  |  | 588 | PLN | 2128 | 2128 | 2128 |  | 0 | 0 | 0 |  | (15) |
|  |  | 04/2026  | 04/2026  |  | 348 | TWD | 11094 | 11094 | 11094 |  | 0 | 0 | 0 |  | (1) |
|  |  | 05/2026  | 05/2026  | CAD | 23257 | $ | 16822 | 16822 | 16822 |  | 79 | 79 | 79 |  | 0 |
|  |  | 06/2026  | 06/2026  | $ | 1432 | IDR | 24137348 | 24137348 | 24137348 |  | 0 | 0 | 0 |  | (12) |
| &nbsp;&nbsp;&nbsp;&nbsp; SOG | &nbsp;&nbsp;&nbsp;&nbsp; SOG | 04/2026  | 04/2026  | EUR | 2642 | $ | 3126 | 3126 | 3126 |  | 72 | 72 | 72 |  | 0 |
|  |  | 04/2026  | 04/2026  | JPY | 3086529 |  | 19837 | 19837 | 19837 |  | 389 | 389 | 389 |  | 0 |
|  |  | 04/2026  | 04/2026  | SEK | 1686 |  | 176 | 176 | 176 |  | 0 | 0 | 0 |  | (2) |
|  |  | 04/2026  | 04/2026  | $ | 48994 | EUR | 42456 | 42456 | 42456 |  | 79 | 79 | 79 |  | 0 |
|  |  | 05/2026  | 05/2026  | EUR | 42456 | $ | 49071 | 49071 | 49071 |  | 0 | 0 | 0 |  | (77) |
|  |  | 05/2026  | 05/2026  | $ | 176 | SEK | 1684 | 1684 | 1684 |  | 2 | 2 | 2 |  | 0 |
|  |  | 06/2026  | 06/2026  | ILS | 2254 | $ | 731 | 731 | 731 |  | 12 | 12 | 12 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp;&nbsp; SSB | 04/2026  | 04/2026  | AUD | 9228 |  | 6567 | 6567 | 6567 |  | 200 | 200 | 200 |  | 0 |
|  |  | 04/2026  | 04/2026  | JPY | 3618 |  | 23 | 23 | 23 |  | 0 | 0 | 0 |  | 0 |
|  |  | 08/2026  | 08/2026  | $ | 1422 | COP | 5424528 | 5424528 | 5424528 |  | 10 | 10 | 10 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | 04/2026  | 04/2026  | PLN | 2503 | $ | 680 | 680 | 680 |  | 6 | 6 | 6 |  | 0 |
|  |  | 04/2026  | 04/2026  | $ | 3013 | PLN | 10900 | 10900 | 10900 |  | 0 | 0 | 0 |  | (77) |
|  |  | 06/2026  | 06/2026  | COP | 5775831 | $ | 1489 | 1489 | 1489 |  | 0 | 0 | 0 |  | (58) |
|  |  | 06/2026  | 06/2026  | ILS | 3642 |  | 1178 | 1178 | 1178 |  | 18 | 18 | 18 |  | 0 |
|  |  | 06/2026  | 06/2026  | MXN | 2704 |  | 151 | 151 | 151 |  | 1 | 1 | 1 |  | 0 |
|  |  | 06/2026  | 06/2026  | $ | 2136 | MXN | 37275 | 37275 | 37275 |  | 0 | 0 | 0 |  | (69) |
| **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** | $**6498** | **6498** | **6498** | **$** | $**(3510)** | **(3510)** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **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** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** | **CREDIT DEFAULT SWAPTIONS ON CREDIT INDEXES** |
| Counterparty | Description | Description | Description | Description | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value |
| 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  | Put - OTC CDX.IG-45 5-Year Index  | 0.850% | 0.850% | 0.850% | 05/20/2026 | 4700 | 4700 | 4700 | $(6) | (6) | $ | $(4) |
| **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** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** | **INFLATION-CAPPED OPTIONS** |
| Counterparty | Description | 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 | &nbsp;&nbsp;&nbsp;&nbsp; Floating<br>Rate | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value |
| GLM | Cap - OTC CPALEMU  | 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 | &nbsp;&nbsp;&nbsp;&nbsp; Maximum of [(Final Index/Initial Index - 1) - 3.000%] or 0 | 06/22/2035 | 8600 | 8600 | 8600 | $(391) | (391) | $ | $(207) |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** |
| Counterparty | Description | Description | Floating Rate<br>Index | Floating Rate<br>Index | Exercise<br>Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value |
| BRC | Call - OTC 2-Year Interest Rate Swap  | Call - OTC 2-Year Interest Rate Swap  | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.440% | 2.440% | 2.440% | 01/25/2027 | 4900 | 4900 | 4900 | $(43) | (43) | $ | $(15) |
|  | Put - OTC 2-Year Interest Rate Swap  | Put - OTC 2-Year Interest Rate Swap  | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.440 | 2.440 | 2.440 | 01/25/2027 | 4900 | 4900 | 4900 | (43) | (43) |  | (66) |
| GLM | Call - OTC 2-Year Interest Rate Swap  | Call - OTC 2-Year Interest Rate Swap  | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.350 | 2.350 | 2.350 | 01/07/2027 | 19600 | 19600 | 19600 | (178) | (178) |  | (51) |

---

------

<br> Schedule of Investments PIMCO Real Return Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  | Put - OTC 2-Year Interest Rate Swap  | 6-Month EUR-EURIBOR | Pay | Pay | 2.350 | 01/07/2027 | 01/07/2027 | 19600 |  | (178) | (178) | (294) | (294) |
|  |  |  | Call - OTC 2-Year Interest Rate Swap  | 6-Month EUR-EURIBOR | Receive | Receive | 2.500 | 01/14/2027 | 01/14/2027 | 30500 |  | (280) | (280) | (110) | (110) |
|  |  |  | Put - OTC 2-Year Interest Rate Swap  | 6-Month EUR-EURIBOR | Pay | Pay | 2.500 | 01/14/2027 | 01/14/2027 | 30500 |  | (280) | (280) | (387) | (387) |
|  |  |  |  |  |  |  |  |  |  |  | $ | (1002) | (1002) | $(923) | (923) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **$** | **(1399)** | **(1399)** | $**(1134)** | **(1134)** |
| **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:** |
| **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** | **TOTAL RETURN SWAPS ON SECURITIES** |
|  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| &nbsp;&nbsp; Counterparty | &nbsp;&nbsp; Counterparty | Pay/Receive<sup>(2)</sup> | Underlying<br>Reference | &nbsp;&nbsp; Financing Rate | &nbsp;&nbsp; Financing Rate | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| &nbsp;&nbsp; MYC | &nbsp;&nbsp; MYC | Receive | U.S. Treasury Inflation Protected Securities  | &nbsp;&nbsp; 3.780% (SOFR plus a specified spread) | &nbsp;&nbsp; 3.780% (SOFR plus a specified spread) | Maturity | 04/20/2026 | 04/20/2026 | 165000 | 0 | 0 | $(1248) | $118 | 118 | $(1366) |
| **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** | **0** | **0** | **(1248)** | **118** | **118** | **(1366)** |
| **(j)** | **Securities with an aggregate market value of $2,780 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 $2,780 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 $2,780 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 $2,780 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 $2,780 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 $2,780 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 $2,780 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 $2,780 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 $2,780 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 $2,780 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 $2,780 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 $2,780 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 $2,780 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 $2,780 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 $2,780 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> | 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> | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. | Receive represents that the Portfolio receives payments for any positive net return on the underlying reference. The Portfolio makes payments for any negative net return on such underlying reference. Pay represents that the Portfolio receives payments for any negative net return on the underlying reference. The Portfolio makes payments for any positive net return on such underlying reference. |
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **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**: |  |
| 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** |  |
| 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 | $0 | 0 | 0 | 1244 | $0 | 0 | 0 | 1244 | 1244 |  |
| Industrials | Industrials | Industrials | Industrials | Industrials | Industrials | 0 | 0 | 0 | 9486 | 0 | 0 | 0 | 9486 | 9486 |  |
| 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 | 275283 | 0 | 0 | 0 | 275283 | 275283 |  |
| 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 | 1352464 | 0 | 0 | 0 | 1352464 | 1352464 |  |
| 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 | 11670 | 14834 | 14834 | 14834 | 26504 | 26504 |  |
| 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 |  |
| CMBS Other | CMBS Other | CMBS Other | CMBS Other | CMBS Other | CMBS Other | 0 | 0 | 0 | 3560 | 0 | 0 | 0 | 3560 | 3560 |  |
| Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | 0 | 0 | 0 | 13923 | 0 | 0 | 0 | 13923 | 13923 |  |
| Manufacturing House ABS Other | Manufacturing House ABS Other | Manufacturing House ABS Other | Manufacturing House ABS Other | Manufacturing House ABS Other | Manufacturing House ABS Other | 0 | 0 | 0 | 751 | 0 | 0 | 0 | 751 | 751 |  |
| Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | 0 | 0 | 0 | 3446 | 0 | 0 | 0 | 3446 | 3446 |  |
| Other ABS | Other ABS | Other ABS | Other ABS | Other ABS | Other ABS | 0 | 0 | 0 | 58513 | 0 | 0 | 0 | 58513 | 58513 |  |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 0 | 80518 | 0 | 0 | 0 | 80518 | 80518 |  |
| 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 | 1224 | 0 | 0 | 0 | 1224 | 1224 |  |
| 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 |  |
| Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | 0 | 0 | 0 | 581700 | 0 | 0 | 0 | 581700 | 581700 |  |
|  |  |  |  |  |  | $0 | 0 | 0 | 2393782 | $14834 | 14834 | 14834 | 2408616 | 2408616 |  |
| **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 |  |
| 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 | $5509 | 5509 | 5509 | 0 | $0 | 0 | 0 | 5509 | 5509 |  |
| Total Investments | Total Investments | Total Investments | Total Investments | Total Investments | Total Investments | $5509 | 5509 | 5509 | 2393782 | $14834 | 14834 | 14834 | 2414125 | 2414125 |  |
| **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 | 1202 | 1202 | 1202 | 1864 | 0 | 0 | 0 | 3066 | 3066 |  |
| Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 | 0 | 6616 | 0 | 0 | 0 | 6616 | 6616 |  |
|  |  |  |  |  |  | $1202 | 1202 | 1202 | 8480 | $0 | 0 | 0 | 9682 | 9682 |  |
| **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 | (858) | (858) | (858) | (1377) | 0 | 0 | 0 | (2235) | (2235) |  |
| Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 | 0 | (6010) | 0 | 0 | 0 | (6010) | (6010) |  |
|  |  |  |  |  |  | $(858) | (858) | (858) | (7387) | $0 | 0 | 0 | (8245) | (8245) |  |
| Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | $344 | 344 | 344 | 1093 | $0 | 0 | 0 | 1437 | 1437 |  |
| Totals | Totals | Totals | Totals | Totals | Totals | $5853 | 5853 | 5853 | 2394875 | $14834 | 14834 | 14834 | 2415562 | 2415562 |  |

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<br> Schedule of Investments PIMCO Real Return Portfolio (Cont.) March 31, 2026 (Unaudited)

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| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the 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>Purchases  | Net<br>Sales/Settlements  | Net<br>Sales/Settlements  | Net<br>Sales/Settlements  | 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> | 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** |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | $14348 | $ | 0 | $ | $ | $0 | $0 | $0 | $ | $486 | $0 | $0 | 0 | $ | 14834 | $ | $ | 486 |
| Totals | Totals | $14348 | $ | 0 | $ | $ | $0 | $0 | $0 | $ | $486 | $0 | $0 | 0 | $ | 14834 | $ | $ | 486 |
| <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 | Category and Subcategory | Ending<br>Balance<br>at 03/31/2026 | 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; 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** |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | $14834 | 14834 | 14834 | &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  | 100.000  |  |  |
| Total | Total | Total | Total | $14834 | 14834 | 14834 |  |  |  |  |  |  |  |  |  |  |  |  |  |
| <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. |

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Notes to Financial Statements

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

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

**(a) Investment Valuation Policies** The net asset value ("NAV") of the Portfolio's shares, or each of its share classes, as applicable, is determined by dividing the total value of portfolio investments and other assets attributable to the 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, the 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 Portfolio or its agents after the time as of which NAV has been calculated on a particular day will not generally be used to retroactively adjust the price of a security or the NAV determined earlier that day. If regular trading on the NYSE closes earlier than scheduled, the Portfolio may calculate its NAV as of the earlier closing time or calculate its NAV as of the NYSE Close for that day. The 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, the Portfolio may calculate its NAV as of the NYSE Close for such day or such other time that the 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 the 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 Portfolio will normally use pricing data for domestic equity securities received shortly after the NYSE Close and does not normally take into account trading, clearances or settlements that take place after the NYSE Close. A foreign (non-U.S.) equity security traded on a foreign exchange or on more than one exchange is typically valued using pricing information from the exchange considered by Pacific Investment Management Company LLC ("PIMCO") to be the primary exchange. If market value pricing is used, a foreign (non-U.S.) equity security will be valued as of the close of trading on the foreign exchange, or the NYSE Close, if the NYSE Close occurs before the end of trading on the foreign exchange.

Investments for which market quotations are not readily available are valued at fair value as determined in good faith pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended (the "Act"). As a general principle, the fair value of a security or other asset is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Pursuant to Rule 2a-5, the Board of Trustees has designated PIMCO as the valuation designee ("Valuation Designee") for the 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 the 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. Open-end management investment companies may include affiliated funds.

If a foreign (non-U.S.) equity security's value has materially changed after the close of the security's primary exchange or principal market but before the NYSE Close, the security may be valued at fair value. Foreign (non-U.S.) equity securities that do not trade when the NYSE is open are also valued at fair value. With respect to foreign (non-U.S.) equity securities, the 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. The 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 the Trust is not open for business, which may result in the 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 the 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 the Trust is not open for business. As a result, to the extent that the 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 the 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 the 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 the 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 the Portfolio may differ from the value that would be realized if the securities were sold. The Portfolio's use of fair valuation may also help to deter "stale price arbitrage" as discussed under the " Frequent or Excessive Purchases, Exchanges and Redemptions " section in the Portfolio's prospectus.

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

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

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Notes to Financial Statements (Cont.)

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

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

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

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

In accordance with the requirements of U.S. GAAP, the amounts of transfers into and out of Level 3, if material, are disclosed in the Notes to Schedule of Investments for the 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 of the Portfolio's assets and liabilities. Additionally, U.S. GAAP requires quantitative information regarding the significant unobservable inputs used in the determination of fair value of assets or liabilities categorized as Level 3 in the fair value hierarchy. In accordance with the requirements of U.S. GAAP, a fair value hierarchy and, if material, a Level 3 reconciliation and details of significant unobservable inputs, have been included in the Notes to Schedule of Investments for the 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 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 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

------

Notes to Financial Statements (Cont.)

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.

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.

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

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

**2. FEDERAL INCOME TAX MATTERS**

The 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.

The 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 Portfolio's tax positions for all open tax years. As of March 31, 2026, the Portfolio has recorded no liability for net unrecognized tax benefits relating to uncertain income tax positions it has taken or expects to take in future tax returns.

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

Shares of the Portfolio currently are sold to segregated asset accounts ("Separate Accounts") of insurance companies that fund variable annuity contracts and variable life insurance policies ("Variable Contracts"). Please refer to the prospectus for the Separate Account and Variable Contract for information regarding Federal income tax treatment of distributions to the Separate Account.

**3. INVESTMENTS IN AFFILIATES** 

The 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 the Act, rules thereunder or exemptive relief therefrom. The Central Funds are registered investment companies created for use solely by the series of the Trust and other series of registered investment companies advised by the Adviser, in connection with their cash management activities. The main investments of the Central Funds are money market and short maturity fixed income instruments. The Central Funds may incur expenses related to their investment activities, but do not pay Investment Advisory Fees or Supervisory and Administrative Fees to the Adviser. The Central Funds are considered to be affiliated with the Portfolio. 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 Portfolio's website at www.pimco.com, or upon request, as applicable. The table below shows the Portfolio's transactions in and earnings from investments in the affiliated funds for the period ended March 31, 2026 (amounts in thousands<sup>†</sup>):

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

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **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> |
| $345 | $214653 | $(209500) | $10 | $1 | $5509 | $52 | $0 |

---

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

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

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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 | **NGF** | Nomura Global Financial Products, Inc. |
| **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. | **MSC** | Morgan Stanley & Co. LLC. |  |  |
| **Currency Abbreviations:** | **Currency Abbreviations:** |  |  |  |  |
| **AUD** | Australian Dollar | **ILS** | Israeli Shekel | **PLN** | Polish Zloty |
| **BRL** | Brazilian Real | **INR** | Indian Rupee | **SEK** | Swedish Krona |
| **CAD** | Canadian Dollar | **JPY** | Japanese Yen | **SGD** | Singapore Dollar |
| **CHF** | Swiss Franc | **KRW** | South Korean Won | **THB** | Thai Baht |
| **CNH** | Chinese Renminbi (Offshore) | **MXN** | Mexican Peso | **TRY** | Turkish New Lira |
| **COP** | Colombian Peso | **NOK** | Norwegian Krone | **TWD** | Taiwanese Dollar |
| **EUR** | Euro | **NZD** | New Zealand Dollar | **USD (or $)** | United States Dollar |
| **GBP** | British Pound | **PEN** | Peruvian New Sol | **ZAR** | South African Rand |
| **IDR** | Indonesian Rupiah |  |  |  |  |
| **Exchange Abbreviations:** | **Exchange Abbreviations:** |  |  |  |  |
| **LME** | London Metal Exchange | **OTC** | Over the Counter |  |  |
| **Index/Spread Abbreviations:** | **Index/Spread Abbreviations:** |  |  |  |  |
| **Bobl** | Bundesobligation, the German word for federal government bond | **CPI** | Consumer Price Index | **SOFR** | Secured Overnight Financing Rate |
| **Brent** | Brent Crude | **CPTFEMU** | Eurozone HICP ex-Tobacco Index | **SONIO** | Sterling Overnight Interbank Average Rate |
| **CDX.IG** | Credit Derivatives Index - Investment <br> Grade | **CPURNSA** | Consumer Price All Urban Non-Seasonally <br> Adjusted Index | **UKRPI** | United Kingdom Retail Prices Index |
| **CPALEMU** | Euro Area All Items Non-Seasonally Adjusted Index | **MUTKCALM** | Tokyo Overnight Average Rate |  |  |
| **Other Abbreviations:** | **Other Abbreviations:** |  |  |  |  |
| **ABS** | Asset-Backed Security | **DAC** | Designated Activity Company | **RBOB** | Reformulated Blendstock for Oxygenate Blending |
| **ALT** | Alternate Loan Trust | **EURIBOR** | Euro Interbank Offered Rate | **REMIC** | Real Estate Mortgage Investment Conduit |
| **BTP** | Buoni del Tesoro Poliennali "Long-term Treasury Bond" | **OAT** | Obligations Assimilables du Trésor | **TBA** | To-Be-Announced |
| **CLO** | Collateralized Loan Obligation | **OIS** | Overnight Index Swap | **WTI** | West Texas Intermediate |
| **CMBS** | Collateralized Mortgage-Backed Security |  |  |  |  |

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<br> Schedule of Investments PIMCO Short-Term Portfolio 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 127.0% ¤** |  |  |
| **CORPORATE BONDS & NOTES 53.1%**  |  |  |
| **BANKING & FINANCE 33.0%**  |  |  |
| **ABN AMRO Bank NV**  |  |  |
| 4.653% (SOFRINDX + 1.000%) due 12/03/2028 ~  | $5600 | $5623 |
| 5.427% due 09/18/2027 •  | 700 | 704 |
| **AerCap Ireland Capital DAC/AerCap Global Aviation Trust**  |  |  |
| 2.450% due 10/29/2026  | 4300 | 4253 |
| 6.100% due 01/15/2027  | 1300 | 1314 |
| **Air Lease Corp.**  |  |  |
| 1.875% due 08/15/2026  | 800 | 792 |
| 2.200% due 01/15/2027  | 1800 | 1767 |
| 3.625% due 04/01/2027  | 900 | 887 |
| 5.300% due 06/25/2026  | 1600 | 1603 |
| **Aircastle Ltd.** <br>4.250% due 06/15/2026 | 200 | 200 |
| **American Express Co.** <br>4.251% (SOFRRATE + 0.590%) due 02/09/2029 ~ | 2000 | 1995 |
| **American Honda Finance Corp.**  |  |  |
| 4.308% due 11/19/2027 •  | 800 | 797 |
| 4.379% due 03/08/2027 •  | 1600 | 1600 |
| 4.390% due 08/13/2027 •  | 1900 | 1899 |
| 4.538% (SOFRRATE + 0.870%) due 07/09/2027 ~  | 2400 | 2402 |
| **American Tower Corp.** <br>3.650% due 03/15/2027 | 1900 | 1887 |
| **Athene Global Funding**  |  |  |
| 4.417% due 07/16/2026 •  | 1300 | 1301 |
| 4.684% (SOFRINDX + 1.030%) due 08/27/2026 ~  | 1200 | 1202 |
| 4.857% (SOFRINDX + 1.210%) due 03/25/2027 ~  | 5300 | 5307 |
| 4.950% due 01/07/2027  | 600 | 602 |
| **Aviation Capital Group LLC** <br>1.950% due 09/20/2026 | 2500 | 2471 |
| **Avolon Holdings Funding Ltd.**  |  |  |
| 3.250% due 02/15/2027  | 600 | 593 |
| 4.200% due 04/15/2029  | 600 | 589 |
| 4.250% due 04/15/2026  | 200 | 200 |
| 4.375% due 05/01/2026  | 300 | 300 |
| 6.375% due 05/04/2028  | 1100 | 1133 |
| **Banco Santander SA**  |  |  |
| 4.788% (SOFRRATE + 1.120%) due 07/15/2028 ~  | 2000 | 2009 |
| 5.028% (SOFRRATE + 1.380%) due 03/14/2028 ~  | 525 | 528 |
| **Bank Hapoalim BM** <br>4.722% due 07/14/2029 | 1900 | 1878 |
| **Bank Leumi Le-Israel BM** <br>5.125% due 07/27/2027 | 700 | 700 |
| **Bank of America Corp.**  |  |  |
| 1.734% due 07/22/2027 •  | 2617 | 2595 |
| 3.559% due 04/23/2027 •  | 1600 | 1599 |
| 3.824% due 01/20/2028 •  | 600 | 597 |
| 4.636% (SOFRRATE + 0.970%) due 07/22/2027 ~  | 300 | 300 |
| **Bank of America NA** <br>4.886% (BBSW3M + 1.050%) due 10/30/2026 ~ | 1000 | 692 |
| **Bank of Montreal**  |  |  |
| 4.396% (SOFRINDX + 0.750%) due 09/22/2028 ~  | $400 | 400 |
| 4.529% (SOFRINDX + 0.880%) due 09/10/2027 ~  | 1200 | 1201 |
| **Bank of Nova Scotia** <br>4.649% (SOFRRATE + 1.000%) due 09/08/2028 ~ | 400 | 402 |
| **Banque Federative du Credit Mutuel SA**  |  |  |
| 4.730% (SOFRINDX + 1.070%) due 02/16/2028 ~  | 1800 | 1807 |
| 4.796% (SOFRRATE + 1.130%) due 01/23/2027 ~  | 1200 | 1206 |
| 5.058% (BBSW3M + 1.070%) due 05/24/2027 ~  | 500 | 346 |
| 5.790% due 07/13/2028  | $1000 | 1026 |
| **Barclays Bank PLC** <br>4.531% due 11/26/2027 •  | 500 | 501 |
| **Barclays PLC**  |  |  |
| 2.279% due 11/24/2027 •  | 900 | 887 |
| 4.586% (SOFRRATE + 0.930%) due 05/24/2030 ~  | 1800 | 1796 |
| 5.138% (SOFRRATE + 1.490%) due 03/12/2028 ~  | 1000 | 1007 |
| 5.528% (SOFRRATE + 1.880%) due 09/13/2027 ~  | 200 | 201 |
| 5.829% due 05/09/2027 •  | 1700 | 1702 |
| **BNP Paribas SA**  |  |  |
| 1.675% due 06/30/2027 •  | 800 | 794 |
| 2.591% due 01/20/2028 •  | 300 | 295 |
| 3.500% due 11/16/2027  | 600 | 591 |

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<br> Schedule of Investments PIMCO Short-Term Portfolio (Cont.) March 31, 2026 (Unaudited)

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| | | |
|:---|:---|:---|
| **BPCE SA** <br>5.647% (SOFRINDX + 1.980%) due 10/19/2027 ~ | 550 | 554 |
| **Brighthouse Financial Global Funding**  |  |  |
| 1.550% due 05/24/2026  | 1300 | 1294 |
| 5.550% due 04/09/2027  | 500 | 503 |
| **Canadian Imperial Bank of Commerce**  |  |  |
| 4.388% (SOFRRATE + 0.720%) due 01/13/2028 ~  | 1300 | 1301 |
| 4.449% (SOFRRATE + 0.800%) due 09/08/2028 ~  | 3200 | 3201 |
| 4.579% (SOFRINDX + 0.930%) due 09/11/2027 ~  | 200 | 200 |
| 4.587% (SOFRRATE + 0.940%) due 06/28/2027 ~  | 300 | 302 |
| 4.899% (SOFRRATE + 1.220%) due 10/02/2026 ~  | 1400 | 1404 |
| **Cantor Fitzgerald LP** <br>4.500% due 04/14/2027 | 300 | 299 |
| **Citibank NA**  |  |  |
| 4.368% (SOFRRATE + 0.708%) due 08/06/2026 ~  | 2100 | 2102 |
| 4.712% (SOFRINDX + 1.060%) due 12/04/2026 ~  | 1000 | 1005 |
| **Cooperatieve Rabobank UA**  |  |  |
| 1.980% due 12/15/2027 •  | 1000 | 984 |
| 4.361% (SOFRINDX + 0.710%) due 03/05/2027 ~  | 1400 | 1404 |
| **Corebridge Global Funding**  |  |  |
| 4.420% (SOFRRATE + 0.750%) due 01/07/2028 ~  | 1800 | 1799 |
| 4.508% (SOFRRATE + 0.860%) due 12/15/2028 ~  | 800 | 799 |
| **Credit Agricole SA**  |  |  |
| 4.125% due 01/10/2027  | 500 | 499 |
| 4.400% due 07/06/2027  | 200 | 136 |
| 4.519% (SOFRRATE + 0.870%) due 03/11/2027 ~  | $850 | 852 |
| 4.859% (SOFRRATE + 1.210%) due 09/11/2028 ~  | 1100 | 1105 |
| 4.968% (SOFRRATE + 1.290%) due 07/05/2026 ~  | 1200 | 1203 |
| **Crown Castle, Inc.** <br>1.050% due 07/15/2026 | 4800 | 4754 |
| **CubeSmart LP** <br>3.125% due 09/01/2026 | 800 | 796 |
| **Deutsche Bank AG**  |  |  |
| 2.311% due 11/16/2027 •  | 3800 | 3749 |
| 2.552% due 01/07/2028 •  | 1500 | 1477 |
| 4.879% (SOFRRATE + 1.219%) due 11/16/2027 ~  | 600 | 602 |
| 5.706% due 02/08/2028 •  | 1200 | 1210 |
| 7.146% due 07/13/2027 •  | 700 | 705 |
| **EPR Properties** <br>4.750% due 12/15/2026 | 600 | 600 |
| **Equitable America Global Funding** <br>4.358% (SOFRRATE + 0.710%) due 09/15/2027 ~ | 200 | 200 |
| **F&G Global Funding**  |  |  |
| 1.750% due 06/30/2026  | 2500 | 2482 |
| 5.875% due 06/10/2027  | 700 | 708 |
| **Federation des Caisses Desjardins du Quebec** <br>4.296% (SOFRRATE + 0.630%) due 01/27/2027 ~ | 2200 | 2203 |
| **Fifth Third Bank NA** <br>4.475% (SOFRRATE + 0.810%) due 01/28/2028 ~ | 300 | 300 |
| **Ford Motor Credit Co. LLC**  |  |  |
| 4.271% due 01/09/2027  | 2200 | 2190 |
| 4.542% due 08/01/2026  | 700 | 699 |
| 4.950% due 05/28/2027  | 400 | 400 |
| 5.125% due 11/05/2026  | 800 | 802 |
| 5.800% due 03/05/2027  | 2300 | 2313 |
| 5.850% due 05/17/2027  | 300 | 302 |
| 6.950% due 06/10/2026  | 800 | 802 |
| **GA Global Funding Trust**  |  |  |
| 2.250% due 01/06/2027  | 700 | 688 |
| 4.400% due 09/23/2027  | 2800 | 2783 |
| **GATX Corp.** <br>5.400% due 03/15/2027 | 600 | 605 |
| **General Motors Financial Co., Inc.**  |  |  |
| 4.717% (SOFRINDX + 1.050%) due 07/15/2027 ~  | 4700 | 4706 |
| 5.011% (SOFRINDX + 1.350%) due 05/08/2027 ~  | 1000 | 1006 |
| **Global Net Lease, Inc./Global Net Lease Operating Partnership LP** <br>3.750% due 12/15/2027 | 600 | 582 |
| **Goldman Sachs Bank USA** <br>4.406% (SOFRRATE + 0.750%) due 05/21/2027 ~ | 1400 | 1400 |
| **Goldman Sachs Group, Inc.**  |  |  |
| 1.542% due 09/10/2027 •  | 200 | 197 |
| 4.377% (SOFRRATE + 0.710%) due 01/21/2029 ~  | 1300 | 1299 |
| 4.469% (SOFRRATE + 0.820%) due 09/10/2027 ~  | 400 | 400 |
| 4.776% (SOFRRATE + 1.120%) due 02/24/2028 ~  | 2400 | 2410 |
| 5.498% (SOFRRATE + 1.850%) due 03/15/2028 ~  | 200 | 202 |
| **HAT Holdings I LLC/HAT Holdings II LLC** <br>3.375% due 06/15/2026 | 1200 | 1196 |
| **HSBC Holdings PLC**  |  |  |
| 2.013% due 09/22/2028 •  | 1800 | 1736 |
| 5.230% (SOFRRATE + 1.570%) due 08/14/2027 ~  | 200 | 201 |
| 5.887% due 08/14/2027 •  | 400 | 402 |
| **ING Groep NV**  |  |  |
| 3.950% due 03/29/2027  | 400 | 399 |
| 4.017% due 03/28/2028 •  | 1100 | 1095 |
| 4.696% due 04/01/2027 •  | 1600 | 1600 |

---

------

<br> Schedule of Investments PIMCO Short-Term Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Intesa Sanpaolo SpA** <br>3.875% due 07/14/2027 | 300 | 298 |
| **Jackson National Life Global Funding**  |  |  |
| 4.539% due 06/09/2027 •  | 200 | 200 |
| 4.598% (SOFRRATE + 0.950%) due 09/12/2028 ~  | 1200 | 1200 |
| 4.638% (SOFRRATE + 0.970%) due 01/14/2028 ~  | 800 | 799 |
| **JPMorgan Chase & Co.**  |  |  |
| 4.411% (SOFRRATE + 0.765%) due 09/22/2027 ~  | 500 | 500 |
| 4.586% (SOFRRATE + 0.920%) due 04/22/2028 ~  | 1400 | 1405 |
| 4.836% (SOFRRATE + 1.180%) due 02/24/2028 ~  | 3300 | 3318 |
| 4.866% (SOFRRATE + 1.200%) due 01/23/2028 ~  | 700 | 703 |
| **Lloyds Banking Group PLC**  |  |  |
| 4.431% (SOFRINDX + 0.770%) due 02/10/2030 ~  | 1200 | 1194 |
| 4.716% (SOFRINDX + 1.060%) due 11/26/2028 ~  | 2167 | 2177 |
| 5.222% (SOFRINDX + 1.560%) due 08/07/2027 ~  | 600 | 602 |
| 5.265% (SOFRINDX + 1.580%) due 01/05/2028 ~  | 1400 | 1411 |
| 5.462% due 01/05/2028 •  | 400 | 403 |
| 5.985% due 08/07/2027 •  | 300 | 301 |
| **Mizuho Bank Ltd.** <br>5.024% (BBSW3M + 0.850%) due 09/14/2026 ~ | 600 | 415 |
| **Mizuho Financial Group, Inc.** <br>4.740% (SOFRRATE + 1.080%) due 05/13/2031 ~ | $1300 | 1305 |
| **Morgan Stanley Bank NA**  |  |  |
| 4.352% (SOFRRATE + 0.685%) due 10/15/2027 ~  | 4000 | 3997 |
| 4.518% (SOFRRATE + 0.865%) due 05/26/2028 ~  | 1100 | 1101 |
| 4.747% (SOFRRATE + 1.080%) due 01/14/2028 ~  | 1900 | 1909 |
| **National Bank of Canada** <br>4.709% (SOFRINDX + 1.030%) due 07/02/2027 ~ | 4600 | 4606 |
| **Nationwide Building Society** <br>4.950% (SOFRRATE + 1.290%) due 02/16/2028 ~ | 500 | 502 |
| **NatWest Group PLC**  |  |  |
| 4.800% due 04/05/2026  | 500 | 500 |
| 4.905% (SOFRRATE + 1.250%) due 03/01/2028 ~  | 1100 | 1105 |
| 5.583% due 03/01/2028 •  | 700 | 707 |
| **NatWest Markets PLC**  |  |  |
| 4.407% (SOFRRATE + 0.760%) due 09/29/2026 ~  | 1300 | 1302 |
| 4.560% (SOFRRATE + 0.900%) due 05/17/2027 ~  | 800 | 803 |
| 4.596% (SOFRRATE + 0.950%) due 03/21/2028 ~  | 1900 | 1908 |
| **Nissan Motor Acceptance Co. LLC**  |  |  |
| 1.850% due 09/16/2026  | 2400 | 2360 |
| 6.950% due 09/15/2026  | 200 | 201 |
| **Nomura Holdings, Inc.**  |  |  |
| 1.653% due 07/14/2026  | 600 | 596 |
| 2.329% due 01/22/2027  | 700 | 688 |
| 4.936% (SOFRRATE + 1.250%) due 07/02/2027 ~  | 1400 | 1409 |
| **Oversea-Chinese Banking Corp. Ltd.** <br>4.746% (BBSW3M + 0.780%) due 05/18/2026 ~ | 600 | 414 |
| **PNC Bank NA** <br>4.397% (SOFRRATE + 0.730%) due 07/21/2028 ~ | $2000 | 2004 |
| **Reliance Standard Life Global Funding II** <br>2.750% due 01/21/2027 | 200 | 197 |
| **RGA Global Funding** <br>2.000% due 11/30/2026 | 400 | 394 |
| **Royal Bank of Canada**  |  |  |
| 4.387% (SOFRINDX + 0.720%) due 10/18/2027 ~  | 1200 | 1200 |
| 4.456% (SOFRINDX + 0.790%) due 07/23/2027 ~  | 300 | 300 |
| 4.467% (SOFRINDX + 0.820%) due 03/27/2028 ~  | 5000 | 5006 |
| 4.527% (SOFRINDX + 0.860%) due 10/18/2028 ~  | 500 | 500 |
| **Sammons Financial Group Global Funding** <br>4.504% due 09/02/2027 •  | 2100 | 2109 |
| **Sammons Financial Group, Inc.** <br>4.450% due 05/12/2027 | 100 | 99 |
| **Santander Holdings USA, Inc.**  |  |  |
| 2.490% due 01/06/2028 •  | 700 | 688 |
| 3.244% due 10/05/2026  | 1400 | 1392 |
| 4.400% due 07/13/2027  | 300 | 299 |
| **Santander U.K. Group Holdings PLC**  |  |  |
| 1.673% due 06/14/2027 •  | 200 | 199 |
| 2.469% due 01/11/2028 •  | 1500 | 1476 |
| **SMBC Aviation Capital Finance DAC** <br>1.900% due 10/15/2026 | 200 | 197 |
| **Societe Generale SA**  |  |  |
| 1.792% due 06/09/2027 •  | 1400 | 1392 |
| 2.797% due 01/19/2028 •  | 300 | 296 |
| 5.250% due 02/19/2027  | 400 | 403 |
| 5.327% due 01/19/2028 •  | 300 | 302 |
| **Standard Chartered PLC**  |  |  |
| 4.830% (SOFRRATE + 1.170%) due 05/14/2028 ~  | 1400 | 1408 |
| 5.603% (SOFRRATE + 1.930%) due 07/06/2027 ~  | 1300 | 1305 |
| 5.688% due 05/14/2028 •  | 200 | 202 |
| 5.691% (SOFRRATE + 2.030%) due 02/08/2028 ~  | 900 | 911 |
| **Stellantis Finance U.S., Inc.**  |  |  |
| 1.711% due 01/29/2027  | 3000 | 2927 |
| 5.350% due 03/17/2028  | 500 | 504 |
| 5.625% due 01/12/2028  | 400 | 404 |

---

------

<br> Schedule of Investments PIMCO Short-Term Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Stellantis Financial Services U.S. Corp.** <br>5.338% (SOFRRATE + 1.690%) due 09/15/2028 ~ | 200 | 200 |
| **Sumitomo Mitsui Banking Corp.** <br>4.863% (BBSW3M + 1.050%) due 07/28/2026 ~ | 800 | 553 |
| **Svenska Handelsbanken AB** <br>4.314% (SOFRRATE + 0.660%) due 05/28/2027 ~ | $700 | 701 |
| **Swedbank AB** <br>5.337% due 09/20/2027 | 1800 | 1826 |
| **Takeoff Merger Sub, Inc.** <br>4.400% due 03/24/2028 | 2600 | 2587 |
| **VICI Properties LP/VICI Note Co., Inc.**  |  |  |
| 3.750% due 02/15/2027  | 331 | 329 |
| 4.250% due 12/01/2026  | 3812 | 3802 |
| 4.500% due 09/01/2026  | 1100 | 1099 |
| 5.750% due 02/01/2027  | 200 | 201 |
| **WEA Finance LLC** <br>2.875% due 01/15/2027 | 200 | 198 |
| **Wells Fargo & Co.**  |  |  |
| 1.500% due 05/24/2027  | 500 | 568 |
| 3.526% due 03/24/2028 •  | $500 | 496 |
| 4.446% (SOFRRATE + 0.780%) due 01/24/2028 ~  | 4400 | 4399 |
| 4.736% (SOFRRATE + 1.070%) due 04/22/2028 ~  | 200 | 201 |
|  |  | 221241 |
| **INDUSTRIALS 15.7%**  |  |  |
| **Algonquin Power & Utilities Corp.** <br>5.365% due 06/15/2026 þ | 2700 | 2702 |
| **American Airlines Pass-Through Trust** <br>3.700% due 04/01/2028 | 395 | 394 |
| **American Airlines, Inc./AAdvantage Loyalty IP Ltd.** <br>5.500% due 04/20/2026 | 92 | 92 |
| **Bacardi Ltd.** <br>2.750% due 07/15/2026 | 900 | 896 |
| **Baxter International, Inc.** <br>1.915% due 02/01/2027 | 261 | 255 |
| **Bayer U.S. Finance LLC** <br>6.125% due 11/21/2026 | 1500 | 1514 |
| **Berry Global, Inc.**  |  |  |
| 1.650% due 01/15/2027  | 1404 | 1375 |
| 4.875% due 07/15/2026  | 1577 | 1577 |
| **BMW U.S. Capital LLC**  |  |  |
| 4.426% (SOFRINDX + 0.780%) due 03/19/2027 ~  | 1300 | 1303 |
| 4.460% (SOFRINDX + 0.800%) due 08/13/2026 ~  | 2000 | 2002 |
| 4.566% (SOFRINDX + 0.920%) due 03/21/2028 ~  | 3300 | 3311 |
| **Campbell's Co.** <br>5.200% due 03/19/2027 | 600 | 603 |
| **CDW LLC/CDW Finance Corp.** <br>2.670% due 12/01/2026 | 900 | 890 |
| **Cox Communications, Inc.** <br>3.350% due 09/15/2026 | 2000 | 1991 |
| **Daimler Truck Finance North America LLC** <br>4.508% (SOFRRATE + 0.840%) due 01/13/2028 ~ | 400 | 400 |
| **Diamondback Energy, Inc.**  |  |  |
| 3.250% due 12/01/2026  | 2400 | 2385 |
| 5.200% due 04/18/2027  | 1000 | 1008 |
| **Energy Transfer LP**  |  |  |
| 5.500% due 06/01/2027  | 200 | 202 |
| 6.050% due 12/01/2026  | 3500 | 3533 |
| **Expand Energy Corp.** <br>6.750% due 04/15/2029 | 200 | 200 |
| **Fidelity National Information Services, Inc.** <br>4.450% due 03/10/2028 | 700 | 698 |
| **Fiserv, Inc.** <br>5.150% due 03/15/2027 | 500 | 503 |
| **Ford Motor Co.** <br>7.500% due 08/01/2026 | 300 | 303 |
| **Fresenius Medical Care U.S. Finance III, Inc.** <br>1.875% due 12/01/2026 | 800 | 785 |
| **Glencore Funding LLC** <br>4.396% (SOFRINDX + 0.750%) due 10/01/2026 ~ | 1800 | 1803 |
| **Global Payments, Inc.**  |  |  |
| 2.150% due 01/15/2027  | 1100 | 1080 |
| 4.550% due 03/15/2028  | 1200 | 1195 |
| **Hanwha Solutions Corp.** <br>4.768% (SOFRRATE + 1.100%) due 10/13/2028 ~ | 1000 | 1010 |
| **Harbour Energy PLC** <br>5.500% due 10/15/2026 | 500 | 498 |
| **HCA, Inc.**  |  |  |
| 4.500% due 02/15/2027  | 7500 | 7501 |
| 4.524% (SOFRRATE + 0.870%) due 03/01/2028 ~  | 1000 | 1001 |
| 5.250% due 06/15/2026  | 1400 | 1401 |
| **Hewlett Packard Enterprise Co.** <br>4.626% (SOFRINDX + 0.980%) due 03/23/2028 ~ | 2200 | 2199 |
| **Hyatt Hotels Corp.** <br>5.750% due 01/30/2027 | 600 | 605 |

---

------

<br> Schedule of Investments PIMCO Short-Term Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Hyundai Capital America**  |  |  |
| 4.300% due 09/24/2027  | 300 | 299 |
| 4.590% (SOFRRATE + 0.920%) due 01/07/2028 ~  | 400 | 398 |
| 4.637% (SOFRRATE + 0.990%) due 03/25/2027 ~  | 2200 | 2205 |
| 4.677% (SOFRRATE + 1.030%) due 09/24/2027 ~  | 1200 | 1203 |
| 4.687% (SOFRRATE + 1.040%) due 06/24/2027 ~  | 1400 | 1404 |
| 4.766% (SOFRRATE + 1.120%) due 06/23/2027 ~  | 300 | 301 |
| 5.169% (SOFRRATE + 1.500%) due 01/08/2027 ~  | 1300 | 1309 |
| **Illumina, Inc.** <br>4.650% due 09/09/2026 | 900 | 900 |
| **Imperial Brands Finance PLC** <br>3.500% due 07/26/2026 | 700 | 698 |
| **JDE Peet's NV** <br>1.375% due 01/15/2027 | 1100 | 1073 |
| **Keurig Dr. Pepper, Inc.**  |  |  |
| 2.550% due 09/15/2026  | 200 | 198 |
| 4.240% (SOFRRATE + 0.580%) due 11/15/2026 ~  | 800 | 799 |
| 4.528% (SOFRINDX + 0.880%) due 03/15/2027 ~  | 2390 | 2393 |
| **Kyndryl Holdings, Inc.** <br>2.050% due 10/15/2026 | 4800 | 4723 |
| **Las Vegas Sands Corp.**  |  |  |
| 3.500% due 08/18/2026  | 700 | 698 |
| 5.900% due 06/01/2027  | 600 | 608 |
| **Marathon Petroleum Corp.** <br>5.125% due 12/15/2026 | 2300 | 2308 |
| **Mercedes-Benz Finance North America LLC**  |  |  |
| 4.296% (SOFRRATE + 0.630%) due 07/31/2026 ~  | 1900 | 1902 |
| 4.426% (SOFRRATE + 0.780%) due 04/01/2027 ~  | 1400 | 1402 |
| 4.510% (SOFRRATE + 0.850%) due 11/15/2027 ~  | 300 | 301 |
| 4.576% (SOFRRATE + 0.930%) due 03/31/2028 ~  | 2100 | 2108 |
| **Mitsubishi Corp.** <br>4.355% (SOFRRATE + 0.700%) due 09/09/2028 ~ | 700 | 700 |
| **MPLX LP** <br>4.125% due 03/01/2027 | 1660 | 1656 |
| **National Fuel Gas Co.** <br>5.500% due 10/01/2026 | 1300 | 1306 |
| **NTT Finance Corp.** <br>1.162% due 04/03/2026 | 1600 | 1600 |
| **NXP BV/NXP Funding LLC/NXP USA, Inc.** <br>4.400% due 06/01/2027 | 934 | 934 |
| **Oracle Corp.** <br>2.650% due 07/15/2026 | 800 | 796 |
| **Penske Truck Leasing Co. LP/PTL Finance Corp.**  |  |  |
| 1.700% due 06/15/2026  | 300 | 298 |
| 5.350% due 01/12/2027  | 1100 | 1106 |
| **Qatarenergy LNG S3** <br>6.332% due 09/30/2027 | 448 | 447 |
| **Rogers Communications, Inc.** <br>3.200% due 03/15/2027 | 2000 | 1976 |
| **Rolls-Royce PLC** <br>5.750% due 10/15/2027 | 200 | 203 |
| **Royal Caribbean Cruises Ltd.**  |  |  |
| 5.375% due 07/15/2027  | 2300 | 2309 |
| 5.500% due 04/01/2028  | 1100 | 1113 |
| 7.500% due 10/15/2027  | 200 | 209 |
| **Sabine Pass Liquefaction LLC** <br>5.000% due 03/15/2027 | 200 | 200 |
| **SK Hynix, Inc.** <br>5.500% due 01/16/2027 | 400 | 404 |
| **Skyworks Solutions, Inc.** <br>1.800% due 06/01/2026 | 300 | 299 |
| **Smith & Nephew PLC** <br>5.150% due 03/20/2027 | 300 | 302 |
| **Southwest Airlines Co.** <br>3.000% due 11/15/2026 | 500 | 496 |
| **Spectra Energy Partners LP** <br>3.375% due 10/15/2026 | 600 | 597 |
| **Spirit AeroSystems, Inc.** <br>4.600% due 06/15/2028 | 700 | 701 |
| **Telefonica Emisiones SA** <br>4.103% due 03/08/2027 | 2800 | 2789 |
| **Tengizchevroil Finance Co. International Ltd.** <br>4.000% due 08/15/2026 | 300 | 299 |
| **Textron, Inc.** <br>3.650% due 03/15/2027 | 500 | 497 |
| **Uber Technologies, Inc.** <br>4.500% due 08/15/2029 | 1800 | 1786 |
| **Universal Health Services, Inc.** <br>1.650% due 09/01/2026 | 1300 | 1285 |
| **Var Energi ASA** <br>5.000% due 05/18/2027 | 700 | 703 |
| **Volkswagen Group of America Finance LLC**  |  |  |
| 4.707% (SOFRRATE + 1.060%) due 03/25/2027 ~  | 1600 | 1603 |
| 4.720% (SOFRRATE + 1.060%) due 08/14/2026 ~  | 2800 | 2807 |
| **Vontier Corp.** <br>1.800% due 04/01/2026 | 1300 | 1300 |

---

------

<br> Schedule of Investments PIMCO Short-Term Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Western Midstream Operating LP** <br>4.650% due 07/01/2026 | 500 | 500 |
|  |  | 105666 |
| **UTILITIES 4.4%**  |  |  |
| **DTE Energy Co.** <br>2.850% due 10/01/2026 | 300 | 298 |
| **Duke Energy Corp.** <br>4.850% due 01/05/2027 | 1400 | 1407 |
| **Emera U.S. Finance LP** <br>3.550% due 06/15/2026 | 2500 | 2494 |
| **ENEL Finance International NV**  |  |  |
| 3.500% due 04/06/2028  | 200 | 196 |
| 3.625% due 05/25/2027  | 500 | 496 |
| 4.625% due 06/15/2027  | 800 | 802 |
| **Eversource Energy** <br>2.900% due 03/01/2027 | 800 | 790 |
| **Fells Point Funding Trust** <br>3.046% due 01/31/2027 | 900 | 890 |
| **FirstEnergy Corp.** <br>3.900% due 07/15/2027 | 1100 | 1091 |
| **Fortis, Inc.** <br>3.055% due 10/04/2026 | 2000 | 1986 |
| **Israel Electric Corp. Ltd.**  |  |  |
| 4.250% due 08/14/2028  | 3300 | 3239 |
| 7.875% due 12/15/2026  | 250 | 256 |
| **New York State Electric & Gas Corp.** <br>3.250% due 12/01/2026 | 500 | 496 |
| **NextEra Energy Capital Holdings, Inc.** <br>4.462% (SOFRINDX + 0.800%) due 02/04/2028 ~ | 1500 | 1502 |
| **ONEOK, Inc.**  |  |  |
| 4.250% due 09/24/2027  | 900 | 898 |
| 5.550% due 11/01/2026  | 700 | 704 |
| **Pacific Gas & Electric Co.**  |  |  |
| 3.300% due 03/15/2027  | 800 | 791 |
| 5.000% due 06/04/2028  | 1400 | 1412 |
| **Pinnacle West Capital Corp.** <br>4.469% (SOFRRATE + 0.820%) due 06/10/2026 ~ | 800 | 801 |
| **Plains All American Pipeline LP/PAA Finance Corp.** <br>4.500% due 12/15/2026 | 2000 | 2001 |
| **SGSP Australia Assets Pty. Ltd.** <br>3.500% due 07/07/2027 | 500 | 494 |
| **Southern California Edison Co.**  |  |  |
| 3.650% due 03/01/2028  | 300 | 295 |
| 4.400% due 09/06/2026  | 900 | 900 |
| 4.700% due 06/01/2027  | 200 | 200 |
| 4.875% due 02/01/2027  | 200 | 201 |
| 4.900% due 06/01/2026  | 200 | 200 |
| 5.300% due 03/01/2028  | 1100 | 1116 |
| **Southwestern Electric Power Co.** <br>2.750% due 10/01/2026 | 600 | 595 |
| **Victoria Power Networks Finance Pty. Ltd.** <br>4.529% (BBSW3M + 0.800%) due 04/21/2026 ~ | 400 | 276 |
| **Vistra Operations Co. LLC**  |  |  |
| 3.700% due 01/30/2027  | $400 | 397 |
| 5.050% due 12/30/2026  | 2500 | 2509 |
|  |  | 29733 |
| Total Corporate Bonds & Notes (Cost $356,449) |  | 356640 |
| **MUNICIPAL BONDS & NOTES 0.3%**  |  |  |
| **LOUISIANA 0.3%**  |  |  |
| **Tulane University, Louisiana Revenue Bonds, (NPFGC Insured), Series 2007** <br>4.214% (US0003M + 0.300%) due 02/15/2036 ~ | 1855 | 1788 |
| Total Municipal Bonds & Notes (Cost $1,725) |  | 1788 |
| **U.S. GOVERNMENT AGENCIES 18.4%**  |  |  |
| **Federal Home Loan Mortgage Corp.**<br>4.000% due 08/01/2049 | 13 | 12 |
| **Federal Home Loan Mortgage Corp. REMICS**  |  |  |
| 2.500% due 10/25/2048 | 126 | 115 |
| 4.237% due 09/15/2041 •  | 6 | 6 |
| 4.487% due 02/15/2038 •  | 6 | 6 |
| 4.562% due 09/25/2054 •(f) | 3221 | 3237 |
| 4.562% due 11/25/2055 •  | 481 | 483 |
| 4.592% due 05/25/2055 •(f) | 3124 | 3144 |
| 4.602% due 11/25/2054 •(f) | 6138 | 6178 |
| 4.612% due 10/25/2054 - 08/25/2055 •  | 5300 | 5343 |
| 4.612% due 04/25/2055 •(f) | 3178 | 3199 |
| 4.662% due 10/25/2052 - 06/25/2055 •(f) | 6163 | 6236 |
| 4.662% due 02/25/2055 - 06/25/2055 •  | 2910 | 2931 |
| 4.762% due 11/25/2054 •(f) | 3415 | 3427 |

---

------

<br> Schedule of Investments PIMCO Short-Term Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.762% due 01/25/2055 - 07/25/2055 •  | 2111 | 2124 |
| 4.812% due 12/25/2054 - 08/25/2055 •  | 6189 | 6237 |
| 4.862% due 12/25/2054 - 08/25/2055 •  | 2016 | 2036 |
| 4.912% due 06/25/2055 •  | 3696 | 3735 |
| 5.112% due 06/25/2055 •  | 1803 | 1822 |
| **Federal Home Loan Mortgage Corp. STRIPS**<br>4.812% due 05/25/2054 •  | 2071 | 2086 |
| **Federal Home Loan Mortgage Corp. Structured Pass-Through Certificates**  |  |  |
| 5.059% due 10/25/2044 - 02/25/2045 •  | 33 | 32 |
| 5.259% due 07/25/2044 •  | 6 | 6 |
| **Federal Home Loan Mortgage Corp. Whole Loan Securities Trust**<br>3.000% due 09/25/2045 | 196 | 172 |
| **Federal National Mortgage Association**<br>5.114% due 03/01/2044 - 07/01/2044 •  | 3 | 3 |
| **Federal National Mortgage Association REMICS**  |  |  |
| 3.842% due 12/25/2036 •  | 1 | 1 |
| 3.976% due 02/25/2037 •  | 12 | 12 |
| 4.456% due 12/25/2037 •  | 10 | 10 |
| 4.461% due 12/25/2047 •  | 386 | 386 |
| 4.562% due 12/25/2053 •  | 922 | 925 |
| 4.562% due 09/25/2054 •(f) | 4281 | 4299 |
| 4.612% due 03/25/2055 •  | 207 | 208 |
| 4.662% due 05/25/2055 - 11/25/2055 •  | 1331 | 1338 |
| 4.712% due 01/25/2055 - 05/25/2055 •  | 2871 | 2889 |
| 4.762% due 12/25/2054 - 01/25/2055 •  | 2875 | 2894 |
| 4.812% due 01/25/2055 - 03/25/2055 •  | 3485 | 3512 |
| 4.822% due 03/25/2055 •  | 1430 | 1442 |
| 4.862% due 10/25/2053 - 11/25/2055 •  | 3521 | 3553 |
| 4.912% due 11/25/2053 - 10/25/2055 •  | 4241 | 4277 |
| 4.962% due 08/25/2054 •  | 1181 | 1189 |
| **Federal National Mortgage Association Trust**<br>4.126% due 05/25/2042 •  | 1 | 1 |
| **Government National Mortgage Association**  |  |  |
| 5.625% due 02/20/2032 •  | 1 | 1 |
| 5.983% due 05/20/2071 •  | 107 | 110 |
| **Government National Mortgage Association REMICS**  |  |  |
| 2.500% due 01/20/2049 - 10/20/2049 | 90 | 80 |
| 4.283% due 11/20/2069 •  | 36 | 36 |
| 4.463% due 04/20/2074 •  | 279 | 281 |
| 4.573% due 06/20/2055 - 07/20/2074 •  | 2329 | 2360 |
| 4.583% due 01/20/2066 •  | 51 | 51 |
| 4.623% due 05/20/2055 - 10/20/2073 •  | 599 | 607 |
| 4.623% due 09/20/2073 •(f) | 3774 | 3838 |
| 4.633% due 11/20/2066 •  | 93 | 93 |
| 4.653% due 09/20/2073 •  | 451 | 458 |
| 4.673% due 05/20/2073 •  | 992 | 1010 |
| 4.773% due 05/20/2073 - 11/20/2073 •  | 360 | 369 |
| 4.783% due 01/20/2066 •  | 116 | 117 |
| 4.873% due 08/20/2055 •  | 974 | 980 |
| **Uniform Mortgage-Backed Security, TBA**<br>5.500% due 05/01/2056 - 06/01/2056 | 33900 | 33998 |
| Total U.S. Government Agencies (Cost $123,340) |  | 123895 |
| **U.S. TREASURY OBLIGATIONS 0.3%**  |  |  |
| **U.S. Treasury Inflation Protected Securities (d)** |  |  |
| 2.125% due 04/15/2029 (f)(h) | 1956 | 2008 |
| Total U.S. Treasury Obligations (Cost $1,957) |  | 2008 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 5.3%**  |  |  |
| **Angel Oak Mortgage Trust**  |  |  |
| 5.637% due 02/25/2070 þ  | 256 | 258 |
| 5.855% due 04/25/2070 þ  | 963 | 971 |
| **Avon Finance** <br>4.645% due 12/28/2049 •  | 1666 | 2208 |
| **Barclays Mortgage Loan Trust** <br>5.903% due 01/25/2064 þ | $507 | 509 |
| **Bear Stearns ALT-A Trust** <br>4.718% due 09/25/2035 ~ | 5 | 3 |
| **Bear Stearns ARM Trust** <br>6.185% due 01/25/2034 ~ | 1 | 1 |
| **Benchmark Mortgage Trust** <br>3.042% due 08/15/2052 | 688 | 675 |
| **BSREP Commercial Mortgage Trust** <br>4.737% due 08/15/2038 •  | 2130 | 2027 |
| **BSST Mortgage Trust** <br>4.973% due 02/15/2037 •  | 2600 | 2300 |
| **Chase Home Lending Mortgage Trust** <br>4.912% due 09/25/2055 •  | 466 | 467 |
| **CHL Reperforming Loan REMICS Trust** <br>4.133% due 06/25/2035 •  | 1 | 1 |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 5.162% due 06/25/2055 •  | 409 | 411 |
| 5.750% due 09/25/2035 •  | 1 | 1 |

---

------

<br> Schedule of Investments PIMCO Short-Term Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **CLNY Trust** <br>5.163% due 11/15/2038 •  | 155 | 154 |
| **COLT Mortgage Loan Trust** <br>5.835% due 02/25/2069 þ | 822 | 824 |
| **Credit Suisse First Boston Mortgage Securities Corp.**  |  |  |
| 4.459% due 03/25/2032 ~  | 1 | 1 |
| 5.523% due 06/25/2033 ~  | 1 | 1 |
| **CSMC Trust**  |  |  |
| 3.904% due 04/25/2062 ~  | 138 | 132 |
| 4.151% due 12/27/2060 ~  | 553 | 551 |
| 4.462% due 07/25/2056 •  | 263 | 247 |
| **Ellington Financial Mortgage Trust** <br>5.655% due 02/25/2060 þ | 413 | 416 |
| **Eurohome U.K. Mortgages PLC** <br>4.015% due 06/15/2044 •  | 4 | 5 |
| **Finsbury Square Green PLC** <br>4.395% due 12/16/2067 •  | 11 | 14 |
| **FirstMac Mortgage Funding Trust No. 4** <br>4.780% due 09/24/2052 •  | 625 | 429 |
| **GCAT Trust**  |  |  |
| 1.091% due 05/25/2066 ~  | $557 | 491 |
| 2.885% due 12/27/2066 ~  | 626 | 580 |
| **GreenPoint MTA Trust** <br>4.233% due 06/25/2045 •  | 4 | 4 |
| **GS Mortgage-Backed Securities Corp. Trust** <br>1.750% due 12/25/2060 ~ | 985 | 926 |
| **GS Mortgage-Backed Securities Trust**  |  |  |
| 4.517% due 12/25/2051 •  | 216 | 202 |
| 4.517% due 02/25/2052 •  | 629 | 588 |
| 5.011% due 11/25/2054 •  | 846 | 848 |
| **GSR Mortgage Loan Trust** <br>4.860% due 09/25/2035 ~ | 1 | 1 |
| **HarborView Mortgage Loan Trust** <br>4.231% due 05/19/2035 •  | 8 | 8 |
| **Impac CMB Trust** <br>4.433% due 03/25/2035 •  | 44 | 43 |
| **JP Morgan Chase Commercial Mortgage Securities Trust**  |  |  |
| 4.930% due 06/15/2035 •  | 291 | 193 |
| 5.170% due 12/15/2031 •  | 138 | 138 |
| **JP Morgan Mortgage Trust**  |  |  |
| 3.500% due 05/25/2050 ~  | 64 | 58 |
| 4.517% due 02/25/2052 •  | 203 | 190 |
| 5.591% due 06/25/2065 þ  | 379 | 381 |
| **Lanebrook Mortgage Transaction PLC** <br>4.545% due 03/15/2061 •  | 455 | 602 |
| **Legacy Mortgage Asset Trust**  |  |  |
| 5.750% due 07/25/2061 þ  | $291 | 291 |
| 6.250% due 07/25/2067 þ  | 222 | 222 |
| **MFA Trust** <br>1.381% due 04/25/2065 ~ | 90 | 88 |
| **Mill City Mortgage Loan Trust**  |  |  |
| 1.125% due 11/25/2060 ~  | 266 | 258 |
| 2.750% due 08/25/2059 ~  | 172 | 168 |
| **Morgan Stanley Capital I Trust** <br>4.787% due 05/15/2036 •  | 800 | 114 |
| **Morgan Stanley Residential Mortgage Loan Trust**  |  |  |
| 4.517% due 09/25/2051 •  | 281 | 263 |
| 4.963% due 09/25/2070 ~  | 448 | 448 |
| 5.530% due 05/25/2070 ~  | 973 | 976 |
| **MortgageIT Trust** <br>4.433% due 02/25/2035 •  | 19 | 19 |
| **New Orleans Hotel Trust** <br>4.709% due 04/15/2032 •  | 1000 | 990 |
| **New Residential Mortgage Loan Trust**  |  |  |
| 0.941% due 10/25/2058 ~  | 132 | 127 |
| 2.464% due 01/26/2060 ~  | 545 | 514 |
| 3.500% due 12/25/2057 ~  | 34 | 33 |
| 4.500% due 05/25/2058 ~  | 93 | 91 |
| **NYO Commercial Mortgage Trust** <br>4.882% due 11/15/2038 •  | 1600 | 1598 |
| **OBX Trust**  |  |  |
| 5.988% due 01/25/2064 þ  | 350 | 352 |
| 6.067% due 01/25/2064 þ  | 524 | 528 |
| 6.129% due 12/25/2063 þ  | 797 | 801 |
| 6.447% due 02/25/2064 þ  | 537 | 543 |
| **Oceanview Mortgage Trust** <br>4.611% due 05/25/2055 •  | 572 | 573 |
| **PRKCM Trust** <br>6.333% due 03/25/2059 þ | 90 | 90 |
| **PRPM LLC** <br>4.942% due 12/25/2055 þ | 185 | 184 |
| **PRPM Trust**  |  |  |
| 5.674% due 12/26/2069 þ  | 147 | 148 |
| 6.327% due 06/25/2069 þ  | 332 | 335 |
| **Sequoia Mortgage Trust**  |  |  |
| 4.435% due 11/25/2063 ~  | 620 | 620 |

---

------

<br> Schedule of Investments PIMCO Short-Term Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 4.649% due 02/20/2034 •  | 33 | 30 |
| **Structured Asset Mortgage Investments II Trust**  |  |  |
| 4.253% due 05/25/2045 •  | 8 | 8 |
| 4.291% due 07/19/2035 •  | 1 | 1 |
| **Towd Point Mortgage Funding - Granite 6 PLC** <br>4.669% due 07/20/2053 •  | 562 | 744 |
| **Towd Point Mortgage Trust**  |  |  |
| 2.250% due 12/25/2061 ~  | $391 | 382 |
| 2.710% due 01/25/2060 ~  | 701 | 677 |
| 3.750% due 05/25/2058 ~  | 199 | 195 |
| 4.103% due 01/25/2066 ~  | 685 | 676 |
| 4.793% due 05/25/2058 •  | 146 | 149 |
| 4.793% due 10/25/2059 •  | 94 | 94 |
| **Triton Bond Trust** <br>4.555% due 02/09/2053 •  | 385 | 265 |
| **Verus Securitization Trust**  |  |  |
| 5.086% due 07/25/2067 ~  | $964 | 961 |
| 5.402% due 05/25/2065 þ  | 1323 | 1327 |
| 5.712% due 01/25/2069 þ  | 554 | 556 |
| 5.811% due 05/25/2068 þ  | 122 | 122 |
| 6.443% due 08/25/2068 þ  | 107 | 107 |
| 6.476% due 06/25/2068 þ  | 203 | 203 |
| **WaMu Mortgage Pass-Through Certificates Trust**  |  |  |
| 4.859% due 02/25/2046 •  | 5 | 5 |
| 4.859% due 08/25/2046 •  | 5 | 4 |
| 5.059% due 11/25/2042 •  | 1 | 1 |
| **Wells Fargo Commercial Mortgage Trust** <br>5.315% due 07/15/2037 •  | 1000 | 999 |
| Total Non-Agency Mortgage-Backed Securities (Cost $37,023) |  | 35739 |
| **ASSET-BACKED SECURITIES 13.1%**  |  |  |
| **AUTOMOBILE ABS OTHER 0.3%**  |  |  |
| **Chesapeake Funding II LLC** <br>4.922% due 05/15/2035 •  | 547 | 548 |
| **Ford Credit Floorplan Master Owner Trust A** <br>4.442% due 09/15/2029 •  | 1500 | 1509 |
| **GM Financial Automobile Leasing Trust** <br>4.083% due 05/20/2027 •  | 350 | 350 |
|  |  | 2407 |
| **AUTOMOBILE SEQUENTIAL 1.1%**  |  |  |
| **Capital One Prime Auto Receivables Trust** <br>5.820% due 06/15/2028 | 440 | 444 |
| **CarMax Auto Owner Trust** <br>4.590% due 07/17/2028 | 1037 | 1040 |
| **Chesapeake Funding II LLC** <br>5.520% due 05/15/2036 | 449 | 454 |
| **Citizens Auto Receivables Trust** <br>5.840% due 01/18/2028 | 92 | 92 |
| **Enterprise Fleet Financing LLC**  |  |  |
| 5.740% due 12/20/2026  | 254 | 254 |
| 5.760% due 10/22/2029  | 45 | 45 |
| 6.400% due 03/20/2030  | 691 | 698 |
| **GM Financial Consumer Automobile Receivables Trust** <br>4.880% due 08/16/2028 | 1500 | 1504 |
| **Hertz Vehicle Financing III LLC** <br>5.490% due 06/25/2027 | 1050 | 1052 |
| **Hyundai Auto Receivables Trust** <br>4.530% due 09/15/2027 | 221 | 221 |
| **Oscar U.S. Funding XV LLC** <br>5.810% due 12/10/2027 | 293 | 294 |
| **SBNA Auto Lease Trust** <br>5.560% due 11/22/2027 | 534 | 535 |
| **SFS Auto Receivables Securitization Trust** <br>3.910% due 08/20/2029 | 200 | 200 |
| **Westlake Automobile Receivables Trust** <br>3.840% due 01/16/2029 | 400 | 399 |
|  |  | 7232 |
| **CMBS OTHER 1.7%**  |  |  |
| **ACRES Commercial Realty Issuer LLC** <br>0.000% due 08/18/2044 •  | 3300 | 3298 |
| **AREIT Trust** <br>5.920% due 06/17/2039 •  | 1441 | 1441 |
| **BRSP Ltd.** <br>5.127% due 08/19/2043 •  | 3300 | 3294 |
| **FS Rialto Issuer LLC** <br>0.000% due 01/19/2044 •  | 3300 | 3301 |

---

------

<br> Schedule of Investments PIMCO Short-Term Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **PFP Ltd.** <br>5.501% due 09/17/2039 •  | 218 | 218 |
|  |  | 11552 |
| **CREDIT CARD BULLET 0.5%**  |  |  |
| **Evergreen Credit Card Trust** <br>4.231% due 10/15/2029 •  | 3200 | 3211 |
| **CREDIT CARD OTHER 0.7%**  |  |  |
| **Golden Credit Card Trust** <br>1.970% due 01/15/2029 | 2000 | 1966 |
| **Trillium Credit Card Trust II** <br>4.225% due 09/26/2030 •  | 2800 | 2813 |
|  |  | 4779 |
| **HOME EQUITY OTHER 0.6%**  |  |  |
| **ACE Securities Corp. Home Equity Loan Trust** <br>4.573% due 04/25/2034 •  | 194 | 185 |
| **Credit Suisse First Boston Mortgage Securities Corp.** <br>4.031% due 08/25/2032 •  | 1 | 1 |
| **Finance America Mortgage Loan Trust** <br>4.618% due 08/25/2034 •  | 113 | 110 |
| **Fremont Home Loan Trust** <br>4.528% due 01/25/2035 •  | 9 | 8 |
| **Long Beach Mortgage Loan Trust** <br>4.768% due 04/25/2035 •  | 15 | 15 |
| **MASTR Asset-Backed Securities Trust**  |  |  |
| 3.893% due 11/25/2036 •  | 1 | 0 |
| 4.493% due 09/25/2034 •  | 105 | 96 |
| **Morgan Stanley ABS Capital I, Inc. Trust** <br>4.693% due 05/25/2034 •  | 208 | 225 |
| **RCKT Mortgage Trust**  |  |  |
| 4.827% due 01/25/2056 þ  | 488 | 484 |
| 5.553% due 03/25/2055 þ  | 223 | 224 |
| 5.653% due 01/25/2045 þ  | 281 | 283 |
| **Renaissance Home Equity Loan Trust**  |  |  |
| 3.723% due 08/25/2033 •  | 2 | 2 |
| 4.513% due 11/25/2034 •  | 3 | 2 |
| **Towd Point Mortgage Trust**  |  |  |
| 5.278% due 08/25/2065 þ  | 1310 | 1310 |
| 5.348% due 07/25/2065 þ  | 165 | 165 |
| 5.848% due 01/25/2064 ~  | 257 | 258 |
| 6.290% due 05/25/2064 ~  | 555 | 560 |
|  |  | 3928 |
| **OTHER ABS 8.2%**  |  |  |
| **Arbour CLO XIII DAC** <br>3.154% due 08/15/2038 •  | 900 | 1037 |
| **ARES XLIV CLO Ltd.** <br>4.802% due 04/15/2034 •  | $3300 | 3304 |
| **Atlas Senior Loan Fund XVIII Ltd.** <br>4.778% due 01/18/2035 •  | 400 | 400 |
| **Bain Capital Euro CLO DAC** <br>2.766% due 01/20/2032 •  | 78 | 91 |
| **BlueMountain CLO Ltd.** <br>4.858% due 10/25/2030 •  | $218 | 219 |
| **CarVal CLO I Ltd.** <br>4.901% due 07/16/2031 •  | 985 | 986 |
| **CCG Receivables Trust** <br>4.480% due 10/14/2032 | 716 | 719 |
| **CIFC Funding Ltd.** <br>4.880% due 10/24/2030 •  | 32 | 32 |
| **Commonbond Student Loan Trust** <br>2.550% due 05/25/2041 | 17 | 16 |
| **Dell Equipment Finance Trust** <br>4.690% due 08/22/2030 | 272 | 272 |
| **Dryden 54 Senior Loan Fund** <br>4.818% due 10/19/2029 •  | 18 | 18 |
| **Dryden 95 CLO Ltd.** <br>4.696% due 08/20/2034 •  | 2400 | 2401 |
| **ECMC Group Student Loan Trust**  |  |  |
| 4.526% due 02/27/2068 •  | 246 | 245 |
| 4.776% due 07/25/2069 •  | 211 | 211 |
| **ELFI Graduate Loan Program LLC** <br>1.530% due 12/26/2046 | 388 | 351 |
| **Galaxy XXII CLO Ltd.** <br>4.683% due 04/16/2034 •  | 300 | 300 |
| **Gallatin CLO VIII Ltd.** <br>5.024% due 07/15/2031 •  | 418 | 418 |
| **Greywolf CLO III Ltd.** <br>4.899% due 04/22/2033 •  | 1901 | 1903 |

---

------

<br> Schedule of Investments PIMCO Short-Term Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **KKR CLO 36 Ltd.** <br>4.822% due 10/15/2034 •  | 3200 | 3204 |
| **KKR CLO 42 Ltd.** <br>4.818% due 07/20/2034 •  | 3100 | 3104 |
| **LCM 30 Ltd.** <br>5.009% due 04/20/2031 •  | 413 | 413 |
| **Madison Park Funding XLVI Ltd.** <br>4.672% due 10/15/2034 •  | 2400 | 2398 |
| **MMAF Equipment Finance LLC** <br>5.200% due 09/13/2027 | 358 | 359 |
| **Navient Private Education Loan Trust** <br>4.687% due 11/15/2068 •  | 148 | 148 |
| **Navient Private Education Refi Loan Trust**  |  |  |
| 1.170% due 09/16/2069  | 107 | 101 |
| 1.310% due 01/15/2069  | 260 | 247 |
| 1.690% due 05/15/2069  | 870 | 822 |
| 4.787% due 04/15/2069 •  | 722 | 719 |
| **Navient Refinance Loan Trust** <br>4.800% due 10/15/2055 | 1331 | 1325 |
| **Navient Student Loan Trust** <br>5.372% due 03/15/2072 •  | 399 | 401 |
| **Nelnet Student Loan Trust**  |  |  |
| 4.476% due 09/27/2038 •  | 616 | 615 |
| 4.480% due 04/20/2062 •  | 485 | 484 |
| 4.593% due 08/25/2067 •  | 323 | 322 |
| 4.610% due 02/21/2061  | 1343 | 1326 |
| 4.650% due 08/20/2054  | 1312 | 1297 |
| 4.676% due 06/27/2067 •  | 135 | 135 |
| 4.973% due 02/21/2061 •  | 480 | 482 |
| 5.022% due 05/17/2055 •  | 2115 | 2128 |
| **Pikes Peak CLO 4** <br>4.882% due 07/15/2034 •  | 3000 | 3004 |
| **SLM Student Loan Trust** <br>4.226% due 06/25/2043 •  | 331 | 324 |
| **SMB Private Education Loan Trust**  |  |  |
| 0.000% due 03/15/2056 •(a)  | 900 | 894 |
| 1.340% due 03/17/2053  | 137 | 130 |
| 1.600% due 09/15/2054  | 162 | 153 |
| 4.643% due 09/15/2054 •  | 639 | 636 |
| 4.772% due 07/15/2053 •  | 1564 | 1564 |
| 5.122% due 04/15/2054 •  | 891 | 903 |
| 5.122% due 03/15/2056 •  | 223 | 225 |
| 5.222% due 11/15/2052 •  | 572 | 578 |
| 5.240% due 03/15/2056  | 519 | 525 |
| 5.322% due 09/15/2053 •  | 524 | 534 |
| 5.472% due 10/16/2056 •  | 244 | 249 |
| 5.522% due 05/16/2050 •  | 472 | 480 |
| **SoFi Consumer Loan Program Trust** <br>4.820% due 06/25/2034 | 460 | 462 |
| **Sound Point CLO XXVIII Ltd.** <br>4.948% due 01/25/2032 •  | 597 | 597 |
| **Stonepeak ABS** <br>2.301% due 02/28/2033 | 82 | 80 |
| **Towd Point Asset Trust** <br>4.490% due 11/20/2061 •  | 130 | 130 |
| **Tralee CLO V Ltd.** <br>4.748% due 10/20/2034 •  | 2400 | 2396 |
| **Trinitas CLO VI Ltd.** <br>4.778% due 01/25/2034 •  | 3100 | 3102 |
| **UPX HIL Issuer Trust** <br>5.160% due 01/25/2047 | 234 | 233 |
| **Venture 36 CLO Ltd.** <br>5.059% due 04/20/2032 •  | 838 | 839 |
| **Verdelite Static CLO Ltd.** <br>4.798% due 07/20/2032 •  | 1804 | 1806 |
| **Volvo Financial Equipment LLC** <br>4.560% due 05/17/2027 | 447 | 448 |
| **Wellfleet CLO Ltd.** <br>4.848% due 04/20/2034 •  | 1700 | 1702 |
|  |  | 54947 |
| Total Asset-Backed Securities (Cost $88,101) |  | 88056 |
| **SOVEREIGN ISSUES 2.3%**  |  |  |
| **Bonos de la Tesoreria de la Republica en pesos**  |  |  |
| 4.700% due 09/01/2030  | 880000 | 927 |
| 5.000% due 10/01/2028  | 170000 | 183 |
| 5.800% due 10/01/2029  | 475000 | 522 |
| **Eagle Funding Luxco SARL** <br>5.500% due 08/17/2030 | $3800 | 3825 |
| **KSA Sukuk Ltd.** <br>5.250% due 06/04/2027 | 3900 | 3932 |
| **Panama Government International Bonds**  |  |  |
| 3.875% due 03/17/2028  | 400 | 394 |
| 8.875% due 09/30/2027  | 700 | 745 |

---

------

<br> Schedule of Investments PIMCO Short-Term Portfolio (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Republic of South Africa Government International Bonds** <br>4.875% due 04/14/2026 | 2100 | 2101 |
| **Romania Government International Bonds** <br>5.250% due 11/25/2027 | 200 | 200 |
| **Saudi Government International Bonds**  |  |  |
| 0.750% due 07/09/2027  | 1000 | 1119 |
| 5.125% due 01/13/2028  | $1700 | 1718 |
| Total Sovereign Issues (Cost $15,830) |  | 15666 |
| **SHORT-TERM INSTRUMENTS 34.2%**  |  |  |
| **COMMERCIAL PAPER 7.2%**  |  |  |
| **Alimentation Couche-Tard, Inc.** <br>4.100% due 04/16/2026 | 6400 | 6388 |
| **Constellation Energy Generation LLC** <br>4.030% due 04/24/2026 | 2200 | 2194 |
| **Crown Castle, Inc.**  |  |  |
| 4.180% due 04/16/2026  | 400 | 399 |
| 4.200% due 04/14/2026  | 600 | 599 |
| 4.200% due 04/16/2026  | 300 | 299 |
| 4.300% due 04/21/2026  | 3300 | 3292 |
| **ERAC USA Finance LLC**  |  |  |
| 4.150% due 04/24/2026  | 2000 | 1995 |
| 4.170% due 04/20/2026  | 2100 | 2095 |
| 4.170% due 04/23/2026  | 2100 | 2094 |
| 4.180% due 04/24/2026  | 3400 | 3391 |
| **Glencore Funding LLC** <br>4.130% due 04/30/2026 | 1900 | 1894 |
| **Keurig Dr. Pepper, Inc.**  |  |  |
| 4.300% due 04/08/2026  | 1800 | 1798 |
| 4.300% due 04/13/2026  | 800 | 799 |
| 4.350% due 05/08/2026  | 3200 | 3185 |
| **Leidos, Inc.** <br>4.180% due 04/28/2026 | 4900 | 4884 |
| **NextEra Energy Capital Holdings, Inc.** <br>4.020% due 04/20/2026 | 5100 | 5089 |
| **Phillips 66**  |  |  |
| 4.100% due 04/08/2026  | 5500 | 5495 |
| 4.150% due 04/20/2026  | 1000 | 998 |
| **VW Credit, Inc.** <br>4.220% due 05/06/2026 | 1500 | 1494 |
|  |  | 48382 |
| **REPURCHASE AGREEMENTS (e) 0.3%** |  | 2000 |
| **U.S. TREASURY BILLS 26.7%**  |  |  |
| 3.710% due 07/02/2026 - 10/01/2026 (b)(c) | 181453 | 179239 |
| Total Short-Term Instruments (Cost $229,631) |  | 229621 |
| Total Investments in Securities (Cost $854,056) |  | 853413 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 9.0%**  |  |  |
| **SHORT-TERM INSTRUMENTS 9.0%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 9.0%**  |  |  |
| **PIMCO Short Asset Portfolio** | 5606990 | 55032 |
| **PIMCO Short-Term Floating NAV Portfolio III** | 534008 | 5201 |
| Total Short-Term Instruments (Cost $60,164) |  | 60233 |
| Total Investments in Affiliates (Cost $60,164) |  | 60233 |
| Total Investments 136.0% (Cost $914,220) |  | $913646 |
| **Financial Derivative Instruments (g)(i) 0.4**%(Cost or Premiums, net $1,992) |  | 2897 |
| Other Assets and Liabilities, net (36.4)% |  | (244727) |
| Net Assets 100.0% |  | $671816 |

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<br> Schedule of Investments PIMCO Short-Term Portfolio (Cont.) March 31, 2026 (Unaudited)

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| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **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.** |
| **~** | **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.** |
| **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.** |
| **(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.** |
| **(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.** |
| **(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.** |
| **(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.** |
| **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** |
| **(e)** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** |
| Counterparty | Maturity<br>Date |  | Principal<br>Amount | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | Collateral<br>(Received) | Collateral<br>(Received) | Repurchase<br>Agreements,<br>at Value | Repurchase<br>Agreements,<br>at Value | Repurchase<br>Agreement<br>Proceeds<br>to be<br>Received<sup>(1)</sup> |
| DEU | 04/01/2026 | $ | 2000 | &nbsp;&nbsp; U.S. Treasury Bonds 4.625% due 11/15/2044 | &nbsp;&nbsp; U.S. Treasury Bonds 4.625% due 11/15/2044 | &nbsp;&nbsp; U.S. Treasury Bonds 4.625% due 11/15/2044 | &nbsp;&nbsp; U.S. Treasury Bonds 4.625% due 11/15/2044 | (2037) | (2037) | 2000 | 2000 | 2000 |
| **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** |  |  |  | **(2037)** | **(2037)** | **2000** | **2000** | **2000** |
| **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>(2)</sup> | Borrowing Rate<sup>(2)</sup> | Settlement Date | Maturity Date | Maturity Date | Amount<br>Borrowed<sup>(2)</sup> | Amount<br>Borrowed<sup>(2)</sup> | Amount<br>Borrowed<sup>(2)</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 | 04/08/2026 | 04/08/2026 | (14019) | (14019) | (14019) | $(14021) | (14021) |
| BRC | BRC | BRC | 3.770  | 3.770  | 03/27/2026 | 04/06/2026 | 04/06/2026 | (1084) | (1084) | (1084) | (1084) | (1084) |
| DEU | DEU | DEU | 3.790  | 3.790  | 03/27/2026 | 04/06/2026 | 04/06/2026 | (14242) | (14242) | (14242) | (14250) | (14250) |
| **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** |  |  |  |  |  |  |  |  | $**(29355)** | **(29355)** |
| **(f)** | **Securities with an aggregate market value of $30,243 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $30,243 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $30,243 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $30,243 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $30,243 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $30,243 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $30,243 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $30,243 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $30,243 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $30,243 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $30,243 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $30,243 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** |
| <sup>(1)</sup> | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. |
| <sup>(2)</sup> | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(8388) at a weighted average interest rate of 3.766%. 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 $(8388) at a weighted average interest rate of 3.766%. 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 $(8388) at a weighted average interest rate of 3.766%. 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 $(8388) at a weighted average interest rate of 3.766%. 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 $(8388) at a weighted average interest rate of 3.766%. 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 $(8388) at a weighted average interest rate of 3.766%. 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 $(8388) at a weighted average interest rate of 3.766%. 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 $(8388) at a weighted average interest rate of 3.766%. 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 $(8388) at a weighted average interest rate of 3.766%. 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 $(8388) at a weighted average interest rate of 3.766%. 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 $(8388) at a weighted average interest rate of 3.766%. 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 $(8388) at a weighted average interest rate of 3.766%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. |
| **(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** |
| **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><sup>(1)</sup> | <u>Variation Margin</u><sup>(1)</sup> | <u>Variation Margin</u><sup>(1)</sup> | <u>Variation Margin</u><sup>(1)</sup> |
| Description | Description | 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) | Asset | Asset |  | Liability |
| 3-Month EURIBOR December Futures  | 3-Month EURIBOR December Futures  | 12/2026 | 12/2026 | 231 | $64868 | 64868 | $(133) | (133) | $0 | 0 | $ | 0 |
| 3-Month SOFR Active Contract December Futures  | 3-Month SOFR Active Contract December Futures  | 03/2028 | 03/2028 | 119 | 28737 | 28737 | (45) | (45) | 6 | 6 |  | 0 |
| 3-Month SONIA December Futures  | 3-Month SONIA December Futures  | 03/2027 | 03/2027 | 200 | 63295 | 63295 | (321) | (321) | 73 | 73 |  | 0 |
| Australia Government 3-Year Bond June Futures  | Australia Government 3-Year Bond June Futures  | 06/2026 | 06/2026 | 488 | 34900 | 34900 | (136) | (136) | 157 | 157 |  | 0 |
| U.S. Treasury 2-Year Note June Futures  | U.S. Treasury 2-Year Note June Futures  | 06/2026 | 06/2026 | 977 | 202674 | 202674 | 240 | 240 | 76 | 76 |  | 0 |
| U.S. Treasury 5-Year Note June Futures  | U.S. Treasury 5-Year Note June Futures  | 06/2026 | 06/2026 | 37 | 4003 | 4003 | (32) | (32) | 5 | 5 |  | 0 |
|  |  |  |  |  |  |  | (427) | $ | 317 | 317 | $ | 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** |
|  |  |  |  |  |  |  |  |  | <u>Variation Margin</u><sup>(1)</sup> | <u>Variation Margin</u><sup>(1)</sup> | <u>Variation Margin</u><sup>(1)</sup> | <u>Variation Margin</u><sup>(1)</sup> |
| Description | Description | 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) | Asset | Asset |  | Liability |
| U.S. Treasury 10-Year Note June Futures  | U.S. Treasury 10-Year Note June Futures  | 06/2026 | 06/2026 | 118 | $(13104) | (13104) | $257 | 257 | $0 | 0 | $ | (28) |
| 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 | 192 | (21795) | (21795) | 248 | 248 | 0 | 0 |  | (57) |

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<br> Schedule of Investments PIMCO Short-Term Portfolio (Cont.) March 31, 2026 (Unaudited)

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| | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 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  | U.S. Treasury Ultra Long-Term Bond June Futures  | 06/2026 | 06/2026 | 76 |  |  | (8859) | (8859) |  | 247 | 247 |  | 0 | 0 |  |  | (16) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $752 | 752 | 752 | $0 | 0 | 0 | $ | $(101) | (101) |
| **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** | **Total Futures Contracts** | $**325** | **325** | **325** | $**317** | **317** | **317** | **$** | $**(101)** | **(101)** |
| **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:** | **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** | **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> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Floating Rate Index | Fixed Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date |  | Notional<br>Amount | Notional<br>Amount |  | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Market<br>Value | Market<br>Value | Asset | Asset |  | Liability |
| Pay | Pay | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.500% | Annual | Annual | 03/18/2031 | 03/18/2031 | GBP | 9590 | 9590 | $ | (42) | (42) | (367) | (367) | $(409) | (409) | (409) | 31 | 31 | $ | $0 |
| Pay<sup>(2)</sup> | Pay<sup>(2)</sup> | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.500 | Annual | Annual | 09/16/2031 | 09/16/2031 |  | 5700 | 5700 |  | (166) | (166) | (84) | (84) | (250) | (250) | (250) | 17 | 17 |  | 0 |
| Receive<sup>(2)</sup> | Receive<sup>(2)</sup> | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.650 | Annual | Annual | 09/11/2027 | 09/11/2027 | $ | $43000 | 43000 |  | 69 | 69 | (65) | (65) | 4 | 4 | 4 | 0 | 0 |  | (13) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | Annual | Annual | 12/18/2029 | 12/18/2029 |  | 23000 | 23000 |  | (104) | (104) | (34) | (34) | (138) | (138) | (138) | 0 | 0 |  | (22) |
| Receive<sup>(2)</sup> | Receive<sup>(2)</sup> | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.325 | Annual | Annual | 08/31/2030 | 08/31/2030 |  | 40319 | 40319 |  | 130 | 130 | 270 | 270 | 400 | 400 | 400 | 0 | 0 |  | (40) |
| Receive<sup>(2)</sup> | Receive<sup>(2)</sup> | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.337 | Annual | Annual | 08/31/2030 | 08/31/2030 |  | 1400 | 1400 |  | 0 | 0 | 13 | 13 | 13 | 13 | 13 | 0 | 0 |  | (1) |
| Receive<sup>(2)</sup> | Receive<sup>(2)</sup> | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.369 | Annual | Annual | 08/31/2030 | 08/31/2030 |  | 1400 | 1400 |  | 0 | 0 | 12 | 12 | 12 | 12 | 12 | 0 | 0 |  | (1) |
| Receive<sup>(2)</sup> | Receive<sup>(2)</sup> | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.376 | Annual | Annual | 08/31/2030 | 08/31/2030 |  | 4000 | 4000 |  | 0 | 0 | 32 | 32 | 32 | 32 | 32 | 0 | 0 |  | (4) |
| Receive<sup>(2)</sup> | Receive<sup>(2)</sup> | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.407 | Annual | Annual | 08/31/2030 | 08/31/2030 |  | 400 | 400 |  | 0 | 0 | 3 | 3 | 3 | 3 | 3 | 0 | 0 |  | (1) |
| Receive<sup>(2)</sup> | Receive<sup>(2)</sup> | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.422 | Annual | Annual | 08/31/2030 | 08/31/2030 |  | 600 | 600 |  | 0 | 0 | 4 | 4 | 4 | 4 | 4 | 0 | 0 |  | (1) |
| Receive | Receive | 6-Month CLP-CHILIBOR | 6-Month CLP-CHILIBOR | 4.490 | Semi-Annual | Semi-Annual | 10/01/2028 | 10/01/2028 | CLP | 195700 | 195700 |  | 0 | 0 | 2 | 2 | 2 | 2 | 2 | 0 | 0 |  | 0 |
| Receive | Receive | 6-Month CLP-CHILIBOR | 6-Month CLP-CHILIBOR | 4.590 | Semi-Annual | Semi-Annual | 10/01/2029 | 10/01/2029 |  | 431500 | 431500 |  | 0 | 0 | 6 | 6 | 6 | 6 | 6 | 0 | 0 |  | 0 |
| Receive | Receive | 6-Month CLP-CHILIBOR | 6-Month CLP-CHILIBOR | 4.676 | Semi-Annual | Semi-Annual | 09/01/2030 | 09/01/2030 |  | 371400 | 371400 |  | 0 | 0 | 6 | 6 | 6 | 6 | 6 | 0 | 0 |  | 0 |
| Receive | Receive | 6-Month CLP-CHILIBOR | 6-Month CLP-CHILIBOR | 4.710 | Semi-Annual | Semi-Annual | 09/01/2030 | 09/01/2030 |  | 434300 | 434300 |  | 0 | 0 | 7 | 7 | 7 | 7 | 7 | 1 | 1 |  | 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** | **$** | **$** | **(113)** | **$** | **(195)** | **(195)** | **(308)** | **(308)** | **$** | **49** | **$** | **$** | **(83)** |
| **(h)** | **Securities with an aggregate market value of $909 and cash of $3,406 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 $909 and cash of $3,406 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 $909 and cash of $3,406 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 $909 and cash of $3,406 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 $909 and cash of $3,406 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 $909 and cash of $3,406 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 $909 and cash of $3,406 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 $909 and cash of $3,406 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 $909 and cash of $3,406 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 $909 and cash of $3,406 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 $909 and cash of $3,406 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 $909 and cash of $3,406 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 $909 and cash of $3,406 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 $909 and cash of $3,406 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 $909 and cash of $3,406 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 $909 and cash of $3,406 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 $909 and cash of $3,406 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 $909 and cash of $3,406 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 $909 and cash of $3,406 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 $909 and cash of $3,406 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 $909 and cash of $3,406 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 $909 and cash of $3,406 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 $909 and cash of $3,406 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** |
| <sup>(1)</sup> | Unsettled variation margin asset of $60 for closed futures is outstanding at period end. | Unsettled variation margin asset of $60 for closed futures is outstanding at period end. | Unsettled variation margin asset of $60 for closed futures is outstanding at period end. | Unsettled variation margin asset of $60 for closed futures is outstanding at period end. | Unsettled variation margin asset of $60 for closed futures is outstanding at period end. | Unsettled variation margin asset of $60 for closed futures is outstanding at period end. | Unsettled variation margin asset of $60 for closed futures is outstanding at period end. | Unsettled variation margin asset of $60 for closed futures is outstanding at period end. | Unsettled variation margin asset of $60 for closed futures is outstanding at period end. | Unsettled variation margin asset of $60 for closed futures is outstanding at period end. | Unsettled variation margin asset of $60 for closed futures is outstanding at period end. | Unsettled variation margin asset of $60 for closed futures is outstanding at period end. | Unsettled variation margin asset of $60 for closed futures is outstanding at period end. | Unsettled variation margin asset of $60 for closed futures is outstanding at period end. | Unsettled variation margin asset of $60 for closed futures is outstanding at period end. | Unsettled variation margin asset of $60 for closed futures is outstanding at period end. | Unsettled variation margin asset of $60 for closed futures is outstanding at period end. | Unsettled variation margin asset of $60 for closed futures is outstanding at period end. | Unsettled variation margin asset of $60 for closed futures is outstanding at period end. | Unsettled variation margin asset of $60 for closed futures is outstanding at period end. | Unsettled variation margin asset of $60 for closed futures is outstanding at period end. | Unsettled variation margin asset of $60 for closed futures is outstanding at period end. | Unsettled variation margin asset of $60 for closed futures is outstanding at period end. |
| <sup>(2)</sup> | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. |
| **(i)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | Settlement<br>Month | Settlement<br>Month | Settlement<br>Month |  |  | Currency to<br>be Delivered | Currency to<br>be Delivered | Currency to<br>be Delivered | Currency to<br>be Delivered |  | Currency to<br>be Received | 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 | CAD | 768 | 768 | 768 | 768 | $ | $560 | 560 | 560 | 560 | 8 | 8 | 8 | 8 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | $ | $ | $349 | 349 | 349 | 349 | GBP | 264 | 264 | 264 | 264 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 05/2026  | 05/2026  | 05/2026  | GBP | GBP | 264 | 264 | 264 | 264 | $ | $349 | 349 | 349 | 349 | 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  | $ | $ | $4624 | 4624 | 4624 | 4624 | EUR | 4023 | 4023 | 4023 | 4023 | 26 | 26 | 26 | 26 | 0 | 0 | 0 |
|  |  |  | 05/2026  | 05/2026  | 05/2026  | EUR | EUR | 4023 | 4023 | 4023 | 4023 | $ | $4631 | 4631 | 4631 | 4631 | 0 | 0 | 0 | 0 | (26) | (26) | (26) |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | 04/2026  | 04/2026  | 04/2026  | AUD | AUD | 369 | 369 | 369 | 369 |  | 263 | 263 | 263 | 263 | 8 | 8 | 8 | 8 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | CLP | CLP | 187726 | 187726 | 187726 | 187726 |  | 209 | 209 | 209 | 209 | 7 | 7 | 7 | 7 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | GBP | GBP | 195 | 195 | 195 | 195 |  | 259 | 259 | 259 | 259 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | &nbsp;&nbsp;&nbsp;&nbsp; BSH | &nbsp;&nbsp;&nbsp;&nbsp; BSH | 04/2026  | 04/2026  | 04/2026  | $ | $ | $4622 | 4622 | 4622 | 4622 | GBP | 3472 | 3472 | 3472 | 3472 | 0 | 0 | 0 | 0 | (27) | (27) | (27) |
|  |  |  | 05/2026  | 05/2026  | 05/2026  | GBP | GBP | 3472 | 3472 | 3472 | 3472 | $ | $4622 | 4622 | 4622 | 4622 | 26 | 26 | 26 | 26 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | &nbsp;&nbsp;&nbsp;&nbsp; CBK | &nbsp;&nbsp;&nbsp;&nbsp; CBK | 04/2026  | 04/2026  | 04/2026  | EUR | EUR | 139 | 139 | 139 | 139 |  | 159 | 159 | 159 | 159 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | &nbsp;&nbsp;&nbsp;&nbsp; DUB | &nbsp;&nbsp;&nbsp;&nbsp; DUB | 04/2026  | 04/2026  | 04/2026  | $ | $ | $4200 | 4200 | 4200 | 4200 | AUD | 6123 | 6123 | 6123 | 6123 | 24 | 24 | 24 | 24 | 0 | 0 | 0 |
|  |  |  | 05/2026  | 05/2026  | 05/2026  | AUD | AUD | 6123 | 6123 | 6123 | 6123 | $ | $4199 | 4199 | 4199 | 4199 | 0 | 0 | 0 | 0 | (24) | (24) | (24) |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | &nbsp;&nbsp;&nbsp;&nbsp; FAR | &nbsp;&nbsp;&nbsp;&nbsp; FAR | 04/2026  | 04/2026  | 04/2026  |  |  | 2202 | 2202 | 2202 | 2202 |  | 1561 | 1561 | 1561 | 1561 | 41 | 41 | 41 | 41 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | CHF | CHF | 13 | 13 | 13 | 13 |  | 16 | 16 | 16 | 16 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | GBP | GBP | 2780 | 2780 | 2780 | 2780 |  | 3757 | 3757 | 3757 | 3757 | 77 | 77 | 77 | 77 | 0 | 0 | 0 |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | $ | $ | $16 | 16 | 16 | 16 | CHF | 13 | 13 | 13 | 13 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  |  |  | 05/2026  | 05/2026  | 05/2026  | CHF | CHF | 12 | 12 | 12 | 12 | $ | $16 | 16 | 16 | 16 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; IND | &nbsp;&nbsp;&nbsp;&nbsp; IND | &nbsp;&nbsp;&nbsp;&nbsp; IND | 04/2026  | 04/2026  | 04/2026  | EUR | EUR | 3779 | 3779 | 3779 | 3779 |  | 4462 | 4462 | 4462 | 4462 | 94 | 94 | 94 | 94 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | &nbsp;&nbsp;&nbsp;&nbsp; MBC | &nbsp;&nbsp;&nbsp;&nbsp; MBC | 04/2026  | 04/2026  | 04/2026  |  |  | 105 | 105 | 105 | 105 |  | 121 | 121 | 121 | 121 | 0 | 0 | 0 | 0 | (1) | (1) | (1) |
|  |  |  | 04/2026  | 04/2026  | 04/2026  | GBP | GBP | 761 | 761 | 761 | 761 |  | 1016 | 1016 | 1016 | 1016 | 9 | 9 | 9 | 9 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | &nbsp;&nbsp;&nbsp;&nbsp; SCX | &nbsp;&nbsp;&nbsp;&nbsp; SCX | 04/2026  | 04/2026  | 04/2026  | $ | $ | $555 | 555 | 555 | 555 | CAD | 769 | 769 | 769 | 769 | 0 | 0 | 0 | 0 | (3) | (3) | (3) |
|  |  |  | 05/2026  | 05/2026  | 05/2026  | CAD | CAD | 768 | 768 | 768 | 768 | $ | $555 | 555 | 555 | 555 | 3 | 3 | 3 | 3 | 0 | 0 | 0 |
|  |  |  | 06/2026  | 06/2026  | 06/2026  | CLP | CLP | 888306 | 888306 | 888306 | 888306 |  | 1001 | 1001 | 1001 | 1001 | 42 | 42 | 42 | 42 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp;&nbsp; SSB | 04/2026  | 04/2026  | 04/2026  | AUD | AUD | 3552 | 3552 | 3552 | 3552 |  | 2527 | 2527 | 2527 | 2527 | 77 | 77 | 77 | 77 | 0 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | 06/2026  | 06/2026  | 06/2026  | CLP | CLP | 477623 | 477623 | 477623 | 477623 |  | 551 | 551 | 551 | 551 | 35 | 35 | 35 | 35 | 0 | 0 | 0 |
| **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **$** | **479** | **479** | **479** | **$** | **(82)** | **(82)** | **(82)** |

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<br> Schedule of Investments PIMCO Short-Term Portfolio (Cont.) March 31, 2026 (Unaudited)

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| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **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 | Counterparty | 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> |  | Cost | Cost | Market<br>Value | Market<br>Value |
| BPS | BPS | Receive | Receive | 4.250% | 12/09/2026 | 12/09/2026 |  | 1200 | $ | 1 | 1 | $1 | 1 |
| DUB | DUB | Receive | Receive | 3.650 | 09/09/2026 | 09/09/2026 |  | 64300 |  | 66 | 66 | 175 | 175 |
| FAR | FAR | Pay | Pay | 3.000 | 08/03/2026 | 08/03/2026 |  | 43800 |  | 39 | 39 | 30 | 30 |
|  |  | Receive | Receive | 4.250 | 12/09/2026 | 12/09/2026 |  | 167000 |  | 76 | 76 | 177 | 177 |
| GLM | GLM | Pay | Pay | 3.000 | 07/28/2026 | 07/28/2026 |  | 28900 |  | 22 | 22 | 18 | 18 |
|  |  | Pay | Pay | 3.000 | 08/11/2026 | 08/11/2026 |  | 48500 |  | 54 | 54 | 36 | 36 |
| MYC | MYC | Pay | Pay | 3.000 | 08/03/2026 | 08/03/2026 |  | 52000 |  | 47 | 47 | 35 | 35 |
|  |  | Pay | Pay | 3.000 | 08/11/2026 | 08/11/2026 |  | 53200 |  | 60 | 60 | 39 | 39 |
|  |  | Receive | Receive | 3.650 | 09/09/2026 | 09/09/2026 |  | 10800 |  | 11 | 11 | 29 | 29 |
| NGF | NGF | Pay | Pay | 3.000 | 07/28/2026 | 07/28/2026 |  | 107200 |  | 75 | 75 | 68 | 68 |
|  |  | Pay | Pay | 3.000 | 08/03/2026 | 08/03/2026 |  | 6200 |  | 6 | 6 | 4 | 4 |
|  |  | Receive | Receive | 3.650 | 09/09/2026 | 09/09/2026 |  | 112400 |  | 119 | 119 | 305 | 305 |
| **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **$** | **576** | **576** | $**917** | **917** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</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 | Index/Tranches | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount<sup>(3)</sup> |  | Premiums<br>Paid/(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| BOA | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 3900 | $ | 892 | $ | (111) | 781 | 781 | 0 |
| BPS | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 400 |  | 91 |  | (11) | 80 | 80 | 0 |
| JPM | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 2400 |  | 546 |  | (66) | 480 | 480 | 0 |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **$** | **1529** | **1529** | $**(188)** | $**1341** | **1341** | $**0** |
| <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. |
| <sup>(2)</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. |
| <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. |
| <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. |
| **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**: |  |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Level 1 | Level 1 | Level 1 | Level 2 | Level 2 | Level 3 | Level 3 | Level 3 | Fair Value<br>at 03/31/2026 | Fair Value<br>at 03/31/2026 |  |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **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 | $0 | 0 | 0 | $221241 | 221241 | $0 | 0 | 0 | 221241 | 221241 |  |
| Industrials | Industrials | Industrials | 0 | 0 | 0 | 105666 | 105666 | 0 | 0 | 0 | 105666 | 105666 |  |
| Utilities | Utilities | Utilities | 0 | 0 | 0 | 29733 | 29733 | 0 | 0 | 0 | 29733 | 29733 |  |
| 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 |  |
| Louisiana | Louisiana | Louisiana | 0 | 0 | 0 | 1788 | 1788 | 0 | 0 | 0 | 1788 | 1788 |  |
| U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | 0 | 0 | 0 | 123895 | 123895 | 0 | 0 | 0 | 123895 | 123895 |  |
| U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 0 | 0 | 2008 | 2008 | 0 | 0 | 0 | 2008 | 2008 |  |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 0 | 0 | 0 | 35739 | 35739 | 0 | 0 | 0 | 35739 | 35739 |  |
| 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 | 0 | 0 | 0 | 2407 | 2407 | 0 | 0 | 0 | 2407 | 2407 |  |
| Automobile Sequential | Automobile Sequential | Automobile Sequential | 0 | 0 | 0 | 7232 | 7232 | 0 | 0 | 0 | 7232 | 7232 |  |
| CMBS Other | CMBS Other | CMBS Other | 0 | 0 | 0 | 11552 | 11552 | 0 | 0 | 0 | 11552 | 11552 |  |
| Credit Card Bullet | Credit Card Bullet | Credit Card Bullet | 0 | 0 | 0 | 3211 | 3211 | 0 | 0 | 0 | 3211 | 3211 |  |
| Credit Card Other | Credit Card Other | Credit Card Other | 0 | 0 | 0 | 4779 | 4779 | 0 | 0 | 0 | 4779 | 4779 |  |

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<br> Schedule of Investments PIMCO Short-Term Portfolio (Cont.) March 31, 2026 (Unaudited)

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| | | | | |
|:---|:---|:---|:---|:---|
| Home Equity Other | 0 | 3928 | 0 | 3928 |
| Other ABS | 0 | 54947 | 0 | 54947 |
| Sovereign Issues | 0 | 15666 | 0 | 15666 |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |
| Commercial Paper | 0 | 48382 | 0 | 48382 |
| Repurchase Agreements | 0 | 2000 | 0 | 2000 |
| U.S. Treasury Bills | 0 | 179239 | 0 | 179239 |
|  | $0 | $853413 | $0 | $853413 |
| **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 |
| Central Funds Used for Cash Management Purposes | $60233 | $0 | $0 | $60233 |
| Total Investments | $60233 | $853413 | $0 | $913646 |
| **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 | 230 | 136 | 0 | 366 |
| Over the counter | 0 | 2737 | 0 | 2737 |
|  | $230 | $2873 | $0 | $3103 |
| **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 | 0 | (184) | 0 | (184) |
| Over the counter | 0 | (82) | 0 | (82) |
|  | $0 | $(266) | $0 | $(266) |
| Total Financial Derivative Instruments | $230 | $2607 | $0 | $2837 |
| Totals | $60463 | $856020 | $0 | $916483 |
| **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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Notes to Financial Statements

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

**(a) Investment Valuation Policies** The net asset value ("NAV") of the Portfolio's shares, or each of its share classes, as applicable, is determined by dividing the total value of portfolio investments and other assets attributable to the 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, the 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 Portfolio or its agents after the time as of which NAV has been calculated on a particular day will not generally be used to retroactively adjust the price of a security or the NAV determined earlier that day. If regular trading on the NYSE closes earlier than scheduled, the Portfolio may calculate its NAV as of the earlier closing time or calculate its NAV as of the NYSE Close for that day. The 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, the Portfolio may calculate its NAV as of the NYSE Close for such day or such other time that the 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 the 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 Portfolio will normally use pricing data for domestic equity securities received shortly after the NYSE Close and does not normally take into account trading, clearances or settlements that take place after the NYSE Close. A foreign (non-U.S.) equity security traded on a foreign exchange or on more than one exchange is typically valued using pricing information from the exchange considered by Pacific Investment Management Company LLC ("PIMCO") to be the primary exchange. If market value pricing is used, a foreign (non-U.S.) equity security will be valued as of the close of trading on the foreign exchange, or the NYSE Close, if the NYSE Close occurs before the end of trading on the foreign exchange.

Investments for which market quotations are not readily available are valued at fair value as determined in good faith pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended (the "Act"). As a general principle, the fair value of a security or other asset is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Pursuant to Rule 2a-5, the Board of Trustees has designated PIMCO as the valuation designee ("Valuation Designee") for the 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 the 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. Open-end management investment companies may include affiliated funds.

If a foreign (non-U.S.) equity security's value has materially changed after the close of the security's primary exchange or principal market but before the NYSE Close, the security may be valued at fair value. Foreign (non-U.S.) equity securities that do not trade when the NYSE is open are also valued at fair value. With respect to foreign (non-U.S.) equity securities, the 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. The 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 the Trust is not open for business, which may result in the 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 the 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 the Trust is not open for business. As a result, to the extent that the 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 the 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 the 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 the 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 the Portfolio may differ from the value that would be realized if the securities were sold. The Portfolio's use of fair valuation may also help to deter "stale price arbitrage" as discussed under the " Frequent or Excessive Purchases, Exchanges and Redemptions " section in the Portfolio's prospectus.

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

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

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• 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.

In accordance with the requirements of U.S. GAAP, the amounts of transfers into and out of Level 3, if material, are disclosed in the Notes to Schedule of Investments for the 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 of the Portfolio's assets and liabilities. Additionally, U.S. GAAP requires quantitative information regarding the significant unobservable inputs used in the determination of fair value of assets or liabilities categorized as Level 3 in the fair value hierarchy. In accordance with the requirements of U.S. GAAP, a fair value hierarchy and, if material, a Level 3 reconciliation and details of significant unobservable inputs, have been included in the Notes to Schedule of Investments for the 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 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 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.

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Notes to Financial Statements (Cont.)

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

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

**2. FEDERAL INCOME TAX MATTERS**

The 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.

The 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 Portfolio's tax positions for all open tax years. As of March 31, 2026, the Portfolio has recorded no liability for net unrecognized tax benefits relating to uncertain income tax positions it has taken or expects to take in future tax returns.

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

Shares of the Portfolio currently are sold to segregated asset accounts ("Separate Accounts") of insurance companies that fund variable annuity contracts and variable life insurance policies ("Variable Contracts"). Please refer to the prospectus for the Separate Account and Variable Contract for information regarding Federal income tax treatment of distributions to the Separate Account.

**3. INVESTMENTS IN AFFILIATES** 

The 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 the Act, rules thereunder or exemptive relief therefrom. The Central Funds are registered investment companies created for use solely by the series of the Trust and other series of registered investment companies advised by the Adviser, in connection with their cash management activities. The main investments of the Central Funds are money market and short maturity fixed income instruments. The Central Funds may incur expenses related to their investment activities, but do not pay Investment Advisory Fees or Supervisory and Administrative Fees to the Adviser. The Central Funds are considered to be affiliated with the Portfolio. 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 Portfolio's website at www.pimco.com, or upon request, as applicable. The tables below show the Portfolio's transactions in and earnings from investments in the affiliated funds for the period ended March 31, 2026 (amounts in thousands<sup>†</sup>):

**Investment in PIMCO Short Asset Portfolio**

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **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> |
| $47502 | $7546 | $0 | $0 | $(16) | $55032 | $552 | $0 |

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

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **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> |
| $0 | $32403 | $(27200) | $(2) | $0 | $5201 | $3 | $0 |

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<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 | **DEU** | Deutsche Bank Securities, Inc. | **MBC** | HSBC Bank Plc |
| **BOA** | Bank of America N.A. | **DUB** | Deutsche Bank AG | **MYC** | Morgan Stanley Bank, N.A. |
| **BOS** | BofA Securities, Inc. | **FAR** | Wells Fargo Bank National Association | **NGF** | Nomura Global Financial Products, Inc. |
| **BPS** | BNP Paribas S.A. | **GLM** | Goldman Sachs Bank USA | **SCX** | Standard Chartered Bank, London |
| **BRC** | Barclays Bank PLC | **IND** | Crédit Agricole Corporate and Investment Bank <br> S.A. | **SSB** | State Street Bank and Trust Co. |
| **BSH** | Banco Santander S.A. - New York Branch | **JPM** | JP Morgan Chase Bank N.A. | **UAG** | UBS AG Stamford |
| **CBK** | Citibank N.A. |  |  |  |  |
| **Currency Abbreviations:** | **Currency Abbreviations:** |  |  |  |  |
| **AUD** | Australian Dollar | **CLP** | Chilean Peso | **GBP** | British Pound |
| **CAD** | Canadian Dollar | **EUR** | Euro | **USD (or $)** | United States Dollar |
| **CHF** | Swiss Franc |  |  |  |  |
| **Exchange Abbreviations:** | **Exchange Abbreviations:** |  |  |  |  |
| **OTC** | Over the Counter |  |  |  |  |
| **Index/Spread Abbreviations:** | **Index/Spread Abbreviations:** |  |  |  |  |
| **BBSW3M** | 3 Month Bank Bill Swap Rate | **SOFRINDX** | Secured Overnight Financing Rate Index | **SONIO** | Sterling Overnight Interbank Average Rate |
| **SOFR** | Secured Overnight Financing Rate | **SONIA** | Sterling Overnight Interbank Average Rate | **US0003M** | ICE 3-Month USD LIBOR |
| **Municipal Bond or Agency Abbreviations:** | **Municipal Bond or Agency Abbreviations:** |  |  |  |  |
| **NPFGC** | National Public Finance Guarantee Corp. |  |  |  |  |
| **Other Abbreviations:** | **Other Abbreviations:** |  |  |  |  |
| **ABS** | Asset-Backed Security | **CMBS** | Collateralized Mortgage-Backed Security | **OIS** | Overnight Index Swap |
| **ALT** | Alternate Loan Trust | **DAC** | Designated Activity Company | **REMIC** | Real Estate Mortgage Investment Conduit |
| **CHILIBOR** | Chile Interbank Offered Rate | **EURIBOR** | Euro Interbank Offered Rate | **TBA** | To-Be-Announced |
| **CLO** | Collateralized Loan Obligation |  |  |  |  |

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|:---|:---|
| &nbsp;&nbsp; Schedule of Investments PIMCO Total Return Portfolio | &nbsp;&nbsp;&nbsp; March 31, 2026 (Unaudited) |

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| | | |
|:---|:---|:---|
| 0 | 162 | 207 |
| **(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 131.0% ¤** |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 0.7%**  |  |  |
| **Alfa-Bank CJSC**<br>5.860% (EUR003M + 2.100%) due 10/21/2026 «~(h) | $1079 | $1079 |
| **Castlelake LP**<br>2.950% due 05/12/2031 «~ | 6289 | 5893 |
| **Coreweave Compute Acquisition Co. IV LLC**<br>9.669% - 9.700% (TSFR3M + 6.000%) due 05/16/2029 «~ | 116 | 120 |
| **Databricks, Inc.**  |  |  |
| TBD% due 01/05/2032 ~µ | 430 | 427 |
| 8.171% (TSFR1M + 4.500%) due 01/05/2032 ~ | 1941 | 1931 |
| **Dorchester LLC**<br>4.610% (EUR003M + 2.300%) due 01/04/2027 «~(h) | 1900 | 2196 |
| **Fennovoima OYJ**  |  |  |
| TBD% 4.485% (EUR003M + 2.350%) due 07/10/2028 «~µ(h) | 763 | 888 |
| 0.600% - 4.485% (EUR003M + 2.350%) due 07/10/2028 «~(h) | 2162 | 2514 |
| **FPS Finance Co. 1 LLC**<br>6.610% (EUR003M + 2.950%) due 05/26/2028 «~ | $1000 | 1000 |
| **Project Flash**  |  |  |
| TBD% - 5.933% (TSFR3M + 2.250%) due 04/30/2030 «~µ | 7325 | 7325 |
| TBD% - 5.933% (TSFR1M + 2.250%) due 04/30/2030 «~µ | 3660 | 3660 |
| **Project Hudson II**<br>7.730% due 05/29/2026 «~ | 2300 | 2308 |
| **Stepstone Group Midco 2 GmbH**<br>8.199% (TSFR6M + 4.500%) due 12/19/2031 ~ | 1036 | 911 |
| Total Loan Participations and Assignments (Cost $30,768) |  | 30252 |
| **CORPORATE BONDS & NOTES 37.1%**  |  |  |
| **BANKING & FINANCE 19.3%**  |  |  |
| **Abu Dhabi Developmental Holding Co. PJSC** <br>4.375% due 10/02/2031 | 6800 | 6599 |
| **AerCap Ireland Capital DAC/AerCap Global Aviation Trust**  |  |  |
| 2.450% due 10/29/2026  | 6450 | 6380 |
| 3.000% due 10/29/2028  | 801 | 771 |
| **Aircastle Ltd./Aircastle Ireland DAC** <br>5.000% due 09/15/2030 | 7200 | 7186 |
| **Alexandria Real Estate Equities, Inc.** <br>4.500% due 07/30/2029 | 4500 | 4480 |
| **Ally Financial, Inc.**  |  |  |
| 5.548% due 07/31/2033 •  | 4000 | 3931 |
| 6.848% due 01/03/2030 •(j)  | 8000 | 8350 |
| **American Assets Trust LP** <br>3.375% due 02/01/2031 | 2800 | 2525 |
| **American Express Co.**  |  |  |
| 5.098% due 02/16/2028 •  | 2000 | 2011 |
| 5.645% due 04/23/2027 •  | 9000 | 9009 |
| **American Tower Corp.** <br>2.750% due 01/15/2027 | 13400 | 13233 |
| **Athene Global Funding** <br>5.033% due 07/17/2030 | 7100 | 7030 |
| **Aviation Capital Group LLC** <br>5.375% due 07/15/2029 | 3400 | 3456 |
| **Avolon Holdings Funding Ltd.** <br>4.200% due 04/15/2029 | 8200 | 8049 |
| **Banco Santander SA**  |  |  |
| 5.552% due 03/14/2028 •  | 8200 | 8271 |
| 5.565% due 01/17/2030  | 1100 | 1128 |
| 6.527% due 11/07/2027 •  | 4400 | 4455 |
| **Bank of America Corp.**  |  |  |
| 3.824% due 01/20/2028 •  | 9200 | 9156 |
| 4.376% due 04/27/2028 •  | 5250 | 5247 |
| 4.948% due 07/22/2028 •  | 3849 | 3875 |
| 5.162% due 01/24/2031 •  | 6000 | 6115 |
| 5.202% due 04/25/2029 •  | 1100 | 1116 |
| 5.819% due 09/15/2029 •  | 9500 | 9801 |
| **Bank of New York Mellon Corp.** <br>4.975% due 03/14/2030 •  | 9200 | 9356 |
| **Barclays PLC**  |  |  |
| 4.476% due 11/11/2029 •  | 5700 | 5670 |
| 5.138% (SOFRRATE + 1.490%) due 03/12/2028 ~  | 3700 | 3726 |
| 7.437% due 11/02/2033 •  | 4500 | 5034 |
| **BGC Group, Inc.** <br>8.000% due 05/25/2028 | 5000 | 5273 |

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|:---|:---|
| &nbsp;&nbsp; Schedule of Investments PIMCO Total Return Portfolio (Cont.) | &nbsp;&nbsp;&nbsp; March 31, 2026 (Unaudited) |

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|:---|:---|:---|
| 0 | 162 | 207 |
| **Blue Owl Finance LLC** <br>3.125% due 06/10/2031 | 8100 | 6992 |
| **BNP Paribas SA**  |  |  |
| 2.871% due 04/19/2032 •(j)  | 17000 | 15421 |
| 5.497% due 05/20/2030 •  | 8400 | 8608 |
| **BPCE SA**  |  |  |
| 5.281% due 05/30/2029  | 3500 | 3571 |
| 6.612% due 10/19/2027 •  | 8800 | 8899 |
| **CaixaBank SA** <br>5.673% due 03/15/2030 •  | 7000 | 7194 |
| **Capital One Financial Corp.** <br>4.722% due 01/30/2032 •  | 2300 | 2266 |
| **Carlyle Finance Subsidiary LLC** <br>3.500% due 09/19/2029 | 4900 | 4724 |
| **CI Financial Corp.** <br>7.500% due 05/30/2029 | 4700 | 4935 |
| **Citigroup, Inc.** <br>2.572% due 06/03/2031 •  | 3905 | 3581 |
| **Cooperatieve Rabobank UA** <br>5.447% due 03/05/2030 •  | 9200 | 9411 |
| **Corebridge Global Funding** <br>4.650% due 08/20/2027 | 1000 | 1001 |
| **CoStar Group, Inc.** <br>2.800% due 07/15/2030 | 2000 | 1809 |
| **Credit Agricole SA** <br>4.656% due 01/12/2032 •  | 4700 | 4637 |
| **Credit Opportunities Partners LLC** <br>6.740% due 03/20/2030 «(h) | 1800 | 1772 |
| **Credit Suisse AG AT1 Claim**  | 12700 | 4445 |
| **Crown Castle, Inc.** <br>2.100% due 04/01/2031 | 6200 | 5403 |
| **CubeSmart LP** <br>2.250% due 12/15/2028 | 8200 | 7742 |
| **Danske Bank AS**  |  |  |
| 4.298% due 04/01/2028 •  | 14000 | 13982 |
| 5.427% due 03/01/2028 •  | 4500 | 4543 |
| **Deutsche Bank AG** <br>5.706% due 02/08/2028 •  | 600 | 605 |
| **DOC Dr. LLC** <br>4.300% due 03/15/2027 | 1550 | 1549 |
| **EPR Properties** <br>3.750% due 08/15/2029 | 4300 | 4121 |
| **Equinix Europe 2 Financing Corp. LLC** <br>4.600% due 11/15/2030 | 970 | 961 |
| **Ford Motor Credit Co. LLC**  |  |  |
| 3.815% due 11/02/2027  | 3246 | 3182 |
| 4.970% due 04/06/2029  | 10500 | 10374 |
| 5.850% due 05/17/2027  | 3000 | 3023 |
| 5.918% due 03/20/2028  | 1300 | 1317 |
| 6.798% due 11/07/2028  | 1354 | 1402 |
| 7.350% due 11/04/2027  | 600 | 619 |
| **GA Global Funding Trust** <br>1.950% due 09/15/2028 | 15400 | 14342 |
| **General Motors Financial Co., Inc.** <br>5.011% (SOFRINDX + 1.350%) due 05/08/2027 ~ | 9200 | 9255 |
| **GLP Capital LP/GLP Financing II, Inc.** <br>5.750% due 06/01/2028 | 7900 | 8025 |
| **Goldman Sachs Group, Inc.** <br>3.691% due 06/05/2028 •  | 5900 | 5849 |
| **Goodman U.S. Finance Five LLC** <br>4.625% due 05/04/2032 | 14000 | 13779 |
| **Goodman U.S. Finance Three LLC** <br>3.700% due 03/15/2028 | 11200 | 11025 |
| **GSG Bidco Ltd.** <br>4.700% due 06/15/2031 | 4000 | 4586 |
| **GSPA Monetization Trust** <br>6.422% due 10/09/2029 | $3194 | 3215 |
| **HA Sustainable Infrastructure Capital, Inc.** <br>6.150% due 01/15/2031 | 8100 | 8254 |
| **Highwoods Realty LP** <br>4.125% due 03/15/2028 | 3600 | 3551 |
| **HSBC Holdings PLC**  |  |  |
| 4.899% due 03/03/2029 •  | 8000 | 8046 |
| 5.546% due 03/04/2030 •  | 4500 | 4612 |
| 6.254% due 03/09/2034 •  | 4600 | 4877 |
| 7.390% due 11/03/2028 •  | 7200 | 7507 |
| **ING Groep NV**  |  |  |
| 3.950% due 03/29/2027  | 1000 | 997 |
| 5.066% due 03/25/2031 •  | 12000 | 12107 |
| **Jackson National Life Global Funding** <br>4.550% due 09/09/2030 | 6900 | 6765 |
| **JPMorgan Chase & Co.**  |  |  |
| 1.578% due 04/22/2027 •  | 17000 | 16973 |
| 2.182% due 06/01/2028 •  | 16000 | 15600 |
| 5.299% due 07/24/2029 •  | 9200 | 9373 |
| 6.070% due 10/22/2027 •  | 8200 | 8279 |

---

------

---

| | |
|:---|:---|
| &nbsp;&nbsp; Schedule of Investments PIMCO Total Return Portfolio (Cont.) | &nbsp;&nbsp;&nbsp; March 31, 2026 (Unaudited) |

---

---

| | | |
|:---|:---|:---|
| 0 | 162 | 207 |
| **Kilroy Realty LP** <br>3.050% due 02/15/2030 | 2200 | 2006 |
| **Kona Spc Ltd.** <br>5.718% due 09/15/2026 «•  | 2000 | 2327 |
| **Lloyds Bank PLC** <br>0.000% due 04/02/2032 þ | $14200 | 10668 |
| **Lloyds Banking Group PLC** <br>5.985% due 08/07/2027 •  | 3700 | 3718 |
| **Lseg U.S. Fin Corp.** <br>4.250% due 03/23/2029 | 5000 | 4965 |
| **Marsh & McLennan Cos., Inc.** <br>4.650% due 03/15/2030 | 4200 | 4233 |
| **MassMutual Global Funding II**  |  |  |
| 4.300% due 10/22/2027  | 9500 | 9506 |
| 5.050% due 12/07/2027  | 7900 | 8021 |
| **Mid-America Apartments LP** <br>2.750% due 03/15/2030 | 3000 | 2814 |
| **Mitsubishi UFJ Financial Group, Inc.** <br>1.640% due 10/13/2027 •  | 11600 | 11425 |
| **Mizuho Financial Group, Inc.**  |  |  |
| 2.201% due 07/10/2031 •  | 1700 | 1532 |
| 5.382% due 07/10/2030 •  | 9300 | 9515 |
| **Morgan Stanley**  |  |  |
| 4.654% due 10/18/2030 •  | 9200 | 9198 |
| 5.123% due 02/01/2029 •  | 6100 | 6169 |
| 5.173% due 01/16/2030 •  | 4500 | 4564 |
| 5.449% due 07/20/2029 •  | 9200 | 9365 |
| **Morgan Stanley Bank NA**  |  |  |
| 4.518% (SOFRRATE + 0.865%) due 05/26/2028 ~  | 5000 | 5002 |
| 4.747% (SOFRRATE + 1.080%) due 01/14/2028 ~  | 9300 | 9341 |
| 5.504% due 05/26/2028 •  | 3600 | 3642 |
| 5.882% due 10/30/2026  | 5700 | 5754 |
| **Morgan Stanley Direct Lending Fund** <br>4.500% due 02/11/2027 | 15000 | 14927 |
| **Nationwide Building Society**  |  |  |
| 3.960% due 07/18/2030 •  | 3700 | 3618 |
| 6.557% due 10/18/2027 •  | 8800 | 8900 |
| **NatWest Group PLC**  |  |  |
| 3.073% due 05/22/2028 •  | 2600 | 2559 |
| 5.778% due 03/01/2035 •  | 8500 | 8790 |
| **NatWest Markets PLC** <br>5.022% due 03/21/2030 | 6900 | 6980 |
| **New York Life Global Funding** <br>4.199% (SOFRRATE + 0.550%) due 06/11/2027 ~ | 4900 | 4907 |
| **Nissan Motor Acceptance Co. LLC** <br>1.850% due 09/16/2026 | 17000 | 16717 |
| **Nomura Holdings, Inc.**  |  |  |
| 2.172% due 07/14/2028  | 500 | 474 |
| 2.679% due 07/16/2030  | 9400 | 8603 |
| 4.936% (SOFRRATE + 1.250%) due 07/02/2027 ~  | 7200 | 7245 |
| 5.842% due 01/18/2028  | 4400 | 4497 |
| **Norinchukin Bank** <br>4.683% due 03/10/2031 | 5100 | 5044 |
| **Omega Healthcare Investors, Inc.** <br>3.375% due 02/01/2031 | 12000 | 11102 |
| **Panama Infrastructure Receivable Purchaser PLC** <br>0.000% due 04/05/2032 (d) | 3700 | 2897 |
| **Prologis LP** <br>4.200% due 02/15/2033 | 12800 | 9173 |
| **Realty Income Corp.** <br>3.250% due 06/15/2029 | $900 | 866 |
| **Royal Bank of Canada** <br>4.875% due 01/19/2027 | 7200 | 7239 |
| **Royal Bank of Scotland International Ltd.** <br>4.660% due 12/16/2028 «(h) | 5000 | 4936 |
| **Sanders Re III Ltd.** <br>15.880% (BRMMUSDF + 12.320%) due 04/09/2029 ~ | 10000 | 6500 |
| **Santander U.K. Group Holdings PLC**  |  |  |
| 4.320% due 09/22/2029 •  | 7300 | 7233 |
| 4.858% due 09/11/2030 •  | 6375 | 6391 |
| **Sumitomo Mitsui Financial Group, Inc.**  |  |  |
| 1.902% due 09/17/2028  | 17000 | 15969 |
| 4.843% (SOFRRATE + 1.170%) due 07/09/2029 ~  | 6700 | 6738 |
| **Sumitomo Mitsui Trust Bank Ltd.** <br>4.400% (SOFRRATE + 0.750%) due 09/11/2028 ~ | 3500 | 3507 |
| **Sun Communities Operating LP** <br>4.200% due 04/15/2032 | 16000 | 15241 |
| **Takeoff Merger Sub, Inc.** <br>4.500% due 03/24/2029 | 4600 | 4571 |
| **Thames Ssnm Unfunded Comm** <br>9.750% due 10/10/2027 | 73 | 93 |
| **Toronto-Dominion Bank** <br>2.800% due 03/10/2027 | $8000 | 7898 |
| **UBS Group AG**  |  |  |
| 4.125% due 04/15/2026  | 10300 | 10300 |
| 6.625% due 01/08/2031 •(f)(g)  | 3900 | 3799 |

---

------

---

| | |
|:---|:---|
| &nbsp;&nbsp; Schedule of Investments PIMCO Total Return Portfolio (Cont.) | &nbsp;&nbsp;&nbsp; March 31, 2026 (Unaudited) |

---

---

| | | |
|:---|:---|:---|
| 0 | 162 | 207 |
| **Ventas Realty LP** <br>3.250% due 10/15/2026 | 4100 | 4078 |
| **Wells Fargo & Co.**  |  |  |
| 1.741% due 05/04/2030 •  | 5200 | 5695 |
| 4.808% due 07/25/2028 •  | $7100 | 7131 |
| 6.303% due 10/23/2029 •  | 11000 | 11458 |
| **Wells Fargo Bank NA** <br>4.719% (SOFRRATE + 1.070%) due 12/11/2026 ~ | 9100 | 9126 |
| **Welltower OP LLC** <br>3.100% due 01/15/2030 | 7000 | 6662 |
|  |  | 871968 |
| **INDUSTRIALS 12.4%**  |  |  |
| **Abu Dhabi National Energy Co. PJSC** <br>4.375% due 10/09/2031 | 7000 | 6780 |
| **Adnoc Murban Rsc Ltd.** <br>4.250% due 09/11/2029 | 4200 | 4139 |
| **Alaska Airlines Pass-Through Trust** <br>4.800% due 02/15/2029 | 8680 | 8687 |
| **Algonquin Power & Utilities Corp.** <br>5.365% due 06/15/2026 þ | 9700 | 9709 |
| **Amdocs Ltd.** <br>2.538% due 06/15/2030 | 6900 | 6247 |
| **American Airlines Pass-Through Trust**  |  |  |
| 3.000% due 04/15/2030  | 4704 | 4563 |
| 3.250% due 04/15/2030  | 2407 | 2294 |
| 3.500% due 08/15/2033  | 4654 | 4301 |
| **American Airlines, Inc./AAdvantage Loyalty IP Ltd.** <br>5.500% due 04/20/2026 | 650 | 651 |
| **American Medical Systems Europe BV** <br>3.375% due 03/08/2029 | 6300 | 7280 |
| **Amgen, Inc.** <br>5.250% due 03/02/2030 | $7300 | 7498 |
| **BAE Systems PLC** <br>1.900% due 02/15/2031 | 5300 | 4673 |
| **Bayer U.S. Finance LLC**  |  |  |
| 6.125% due 11/21/2026  | 2600 | 2624 |
| 6.250% due 01/21/2029  | 5898 | 6127 |
| 6.375% due 11/21/2030  | 4300 | 4523 |
| 6.875% due 11/21/2053  | 500 | 527 |
| **Beignet Investor LLC** <br>6.581% due 05/30/2049 | 49900 | 51344 |
| **BMW U.S. Capital LLC** <br>4.750% due 03/21/2028 | 9500 | 9555 |
| **Broadcom, Inc.**  |  |  |
| 2.600% due 02/15/2033  | 16900 | 14781 |
| 3.137% due 11/15/2035  | 1720 | 1462 |
| 5.050% due 07/12/2027  | 3510 | 3547 |
| **Centene Corp.**  |  |  |
| 2.450% due 07/15/2028  | 5175 | 4823 |
| 3.000% due 10/15/2030  | 6400 | 5613 |
| 4.250% due 12/15/2027  | 1520 | 1494 |
| **Charter Communications Operating LLC/Charter Communications Operating Capital** <br>6.100% due 06/01/2029 (j) | 7600 | 7874 |
| **Cheniere Energy Partners LP** <br>3.250% due 01/31/2032 (j) | 4100 | 3738 |
| **Cigna Group** <br>5.000% due 05/15/2029 | 7500 | 7637 |
| **Conagra Brands, Inc.**  |  |  |
| 5.000% due 08/01/2030  | 1300 | 1298 |
| 5.750% due 08/01/2035 (j)  | 6900 | 6920 |
| **CVS Health Corp.** <br>5.000% due 01/30/2029 | 6500 | 6586 |
| **Daimler Truck Finance North America LLC** <br>5.000% due 01/15/2027 | 3700 | 3719 |
| **Duke University** <br>2.682% due 10/01/2044 | 18900 | 13989 |
| **Emory University** <br>2.143% due 09/01/2030 | 12700 | 11555 |
| **Enbridge, Inc.** <br>5.900% due 11/15/2026 | 2900 | 2925 |
| **Energy Transfer LP**  |  |  |
| 6.050% due 12/01/2026  | 4400 | 4441 |
| 6.400% due 12/01/2030  | 1000 | 1069 |
| **Entergy Louisiana LLC** <br>2.350% due 06/15/2032 | 15500 | 13577 |
| **EOG Resources, Inc.** <br>4.400% due 07/15/2028 | 7800 | 7825 |
| **Expedia Group, Inc.** <br>3.250% due 02/15/2030 (j) | 11700 | 11059 |
| **FirstEnergy Pennsylvania Electric Co.** <br>3.250% due 03/15/2028 | 1700 | 1663 |
| **Fiserv, Inc.** <br>4.550% due 02/15/2031 | 3900 | 3821 |

---

------

---

| | |
|:---|:---|
| &nbsp;&nbsp; Schedule of Investments PIMCO Total Return Portfolio (Cont.) | &nbsp;&nbsp;&nbsp; March 31, 2026 (Unaudited) |

---

---

| | | |
|:---|:---|:---|
| 0 | 162 | 207 |
| **Fox Corp.** <br>4.709% due 01/25/2029 | 5600 | 5615 |
| **Gartner, Inc.** <br>3.750% due 10/01/2030 | 530 | 482 |
| **General Electric Co.** <br>4.305% (US0003M + 0.380%) due 05/05/2026 ~ | 3771 | 3771 |
| **Global Payments, Inc.** <br>4.550% due 03/15/2028 | 6900 | 6872 |
| **Gray Oak Pipeline LLC** <br>3.450% due 10/15/2027 | 13300 | 13055 |
| **Greensaif Pipelines Bidco SARL**  |  |  |
| 6.129% due 02/23/2038  | 2500 | 2534 |
| 6.510% due 02/23/2042  | 4900 | 5080 |
| **GSG Bidco Ltd.** <br>5.375% due 06/15/2036 | 4300 | 4936 |
| **HCA, Inc.**  |  |  |
| 3.500% due 09/01/2030  | $1850 | 1757 |
| 4.125% due 06/15/2029  | 5833 | 5754 |
| 5.200% due 06/01/2028  | 1500 | 1523 |
| 5.450% due 04/01/2031  | 2300 | 2358 |
| 5.875% due 02/01/2029  | 1686 | 1735 |
| **Huntington Ingalls Industries, Inc.** <br>2.043% due 08/16/2028 | 17000 | 16112 |
| **Hyundai Capital America**  |  |  |
| 2.100% due 09/15/2028  | 14200 | 13374 |
| 5.300% due 01/08/2029  | 5500 | 5577 |
| 6.500% due 01/16/2029  | 2400 | 2506 |
| **International Flavors & Fragrances, Inc.** <br>1.832% due 10/15/2027 | 1276 | 1224 |
| **Mars, Inc.** <br>4.800% due 03/01/2030 | 6400 | 6469 |
| **Mercedes-Benz Finance North America LLC** <br>4.900% due 11/15/2027 | 9000 | 9089 |
| **MPLX LP** <br>4.000% due 03/15/2028 | 6900 | 6848 |
| **National Football League** <br>5.480% due 10/05/2028 «(h) | 2400 | 2424 |
| **Nissan Motor Co. Ltd.** <br>4.810% due 09/17/2030 | 16600 | 15088 |
| **NTT Finance Corp.**  |  |  |
| 4.567% due 07/16/2027  | 400 | 401 |
| 4.620% due 07/16/2028  | 400 | 402 |
| 4.876% due 07/16/2030  | 600 | 604 |
| 4.978% (SOFRRATE + 1.310%) due 07/16/2030 ~  | 1000 | 1015 |
| 5.171% due 07/16/2032  | 1500 | 1511 |
| 5.502% due 07/16/2035  | 400 | 406 |
| **NXP BV/NXP Funding LLC/NXP USA, Inc.** <br>3.875% due 06/18/2026 | 12100 | 12085 |
| **NY Society for Relief of Ruptured & Crippled Maintaining Hosp Special Surgery** <br>2.667% due 10/01/2050 | 3000 | 1834 |
| **Oracle Corp.**  |  |  |
| 4.500% due 05/06/2028  | 4900 | 4878 |
| 4.650% due 05/06/2030  | 4900 | 4791 |
| 4.800% due 08/03/2028  | 4000 | 4002 |
| **Paramount Global** <br>3.700% due 06/01/2028 | 1200 | 1161 |
| **Pfizer Investment Enterprises Pte. Ltd.** <br>4.750% due 05/19/2033 | 1700 | 1694 |
| **Quanta Services, Inc.** <br>4.300% due 08/09/2028 | 9800 | 9787 |
| **RTX Corp.** <br>5.750% due 11/08/2026 | 6400 | 6454 |
| **Salesforce, Inc.**  |  |  |
| 4.500% due 03/15/2028  | 2450 | 2452 |
| 4.650% due 03/15/2029  | 2450 | 2456 |
| **Saudi Arabian Oil Co.** <br>4.375% due 02/02/2031 | 4600 | 4475 |
| **Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint Spectrum Co. III LLC** <br>5.152% due 03/20/2028 | 4280 | 4302 |
| **Sutter Health** <br>3.161% due 08/15/2040 | 13100 | 10128 |
| **Synopsys, Inc.**  |  |  |
| 4.650% due 04/01/2028  | 1300 | 1305 |
| 4.850% due 04/01/2030  | 3800 | 3829 |
| **T-Mobile USA, Inc.**  |  |  |
| 4.200% due 10/01/2029  | 8000 | 7952 |
| 4.850% due 01/15/2029  | 5475 | 5539 |
| **Thames Water Super Senior Issuer PLC** <br>9.750% due 10/10/2027 | 315 | 456 |
| **United Airlines Pass-Through Trust**  |  |  |
| 3.100% due 01/07/2030  | $551 | 538 |
| 5.800% due 07/15/2037  | 8287 | 8558 |
| **Venture Global LNG, Inc.** <br>9.875% due 02/01/2032 | 4500 | 4835 |
| **Venture Global Plaquemines LNG LLC**  |  |  |
| 6.125% due 12/15/2030  | 600 | 617 |

---

------

---

| | |
|:---|:---|
| &nbsp;&nbsp; Schedule of Investments PIMCO Total Return Portfolio (Cont.) | &nbsp;&nbsp;&nbsp; March 31, 2026 (Unaudited) |

---

---

| | | |
|:---|:---|:---|
| 0 | 162 | 207 |
| 6.500% due 01/15/2034  | 2000 | 2086 |
| 6.750% due 01/15/2036  | 1600 | 1696 |
| **Virgin Media Secured Finance PLC** <br>4.500% due 08/15/2030 | 200 | 178 |
| **Vmed O2 U.K. Financing I PLC**  |  |  |
| 4.750% due 07/15/2031  | 200 | 172 |
| 5.625% due 04/15/2032  | 2300 | 2450 |
| 6.750% due 01/15/2033  | $200 | 179 |
| 7.750% due 04/15/2032  | 1200 | 1152 |
| **Volkswagen Group of America Finance LLC**  |  |  |
| 3.200% due 09/26/2026  | 9700 | 9642 |
| 4.750% due 11/13/2028  | 16100 | 16097 |
|  |  | 559240 |
| **UTILITIES 5.4%**  |  |  |
| **AES Corp.** <br>3.950% due 07/15/2030 | 6400 | 6122 |
| **Alliant Energy Finance LLC** <br>5.950% due 03/30/2029 | 4400 | 4565 |
| **Ameren Missouri Securitization Funding I LLC** <br>4.850% due 10/01/2041 | 4336 | 4330 |
| **AT&T, Inc.** <br>4.500% due 05/15/2035 (j) | 15550 | 14747 |
| **Columbia Pipelines Operating Co. LLC** <br>5.927% due 08/15/2030 | 3100 | 3246 |
| **Constellation Energy Generation LLC**  |  |  |
| 3.900% due 01/08/2028  | 3800 | 3771 |
| 4.400% due 01/15/2031  | 5800 | 5727 |
| **DTE Energy Co.** <br>5.100% due 03/01/2029 | 4600 | 4678 |
| **Duke Energy Corp.** <br>3.750% due 04/01/2031 | 800 | 922 |
| **Duke Energy Progress LLC** <br>2.000% due 08/15/2031 | $12000 | 10575 |
| **Edison International**  |  |  |
| 5.450% due 06/15/2029  | 9400 | 9491 |
| 6.250% due 03/15/2030  | 2250 | 2333 |
| **EDP Finance BV** <br>1.710% due 01/24/2028 | 13300 | 12626 |
| **Electricite de France SA** <br>6.000% due 04/22/2064 | 3400 | 3240 |
| **ENEL Finance International NV**  |  |  |
| 2.500% due 07/12/2031  | 17000 | 15106 |
| 5.125% due 06/26/2029  | 8600 | 8724 |
| **Eversource Energy** <br>5.950% due 02/01/2029 | 6700 | 6943 |
| **FORESEA Holding SA** <br>7.500% due 06/15/2030 | 497 | 488 |
| **Georgia Power Co.** <br>5.004% due 02/23/2027 | 4000 | 4031 |
| **IPALCO Enterprises, Inc.** <br>4.250% due 05/01/2030 | 1100 | 1060 |
| **Mid-Atlantic Interstate Transmission LLC** <br>4.100% due 05/15/2028 | 2100 | 2089 |
| **National Grid PLC**  |  |  |
| 5.602% due 06/12/2028  | 3300 | 3380 |
| 5.809% due 06/12/2033  | 3500 | 3653 |
| **NextEra Energy Capital Holdings, Inc.** <br>2.250% due 06/01/2030 | 19000 | 17321 |
| **Pacific Gas & Electric Co.**  |  |  |
| 2.500% due 02/01/2031  | 2790 | 2501 |
| 3.300% due 03/15/2027  | 3100 | 3064 |
| 3.300% due 12/01/2027  | 200 | 196 |
| 3.300% due 08/01/2040  | 4300 | 3219 |
| 4.200% due 03/01/2029  | 11000 | 10873 |
| 4.250% due 03/15/2046  | 1500 | 1141 |
| 4.550% due 07/01/2030  | 8700 | 8585 |
| 4.650% due 08/01/2028  | 2000 | 2003 |
| 4.750% due 02/15/2044  | 1900 | 1589 |
| 5.450% due 06/15/2027  | 3100 | 3132 |
| 5.700% due 03/01/2035  | 1900 | 1927 |
| 6.400% due 06/15/2033  | 3900 | 4142 |
| **PacifiCorp**  |  |  |
| 5.100% due 04/15/2031  | 2200 | 2206 |
| 5.450% due 02/15/2034  | 9300 | 9270 |
| **Southern California Edison Co.**  |  |  |
| 4.125% due 03/01/2048  | 950 | 712 |
| 4.650% due 10/01/2043  | 200 | 168 |
| 5.150% due 06/01/2029  | 9200 | 9331 |
| 5.250% due 03/15/2030  | 4300 | 4368 |
| **Southern California Gas Co.** <br>2.950% due 04/15/2027 | 11300 | 11153 |
| **Southwestern Electric Power Co.** <br>4.100% due 09/15/2028 | 1361 | 1353 |

---

------

---

| | |
|:---|:---|
| &nbsp;&nbsp; Schedule of Investments PIMCO Total Return Portfolio (Cont.) | &nbsp;&nbsp;&nbsp; March 31, 2026 (Unaudited) |

---

---

| | | |
|:---|:---|:---|
| 0 | 162 | 207 |
| **Virginia Power Fuel Securitization LLC** <br>4.877% due 05/01/2033 | 9200 | 9304 |
| **WEC Energy Group, Inc.** <br>1.375% due 10/15/2027 | 4525 | 4323 |
|  |  | 243728 |
| Total Corporate Bonds & Notes (Cost $1,707,811) |  | 1674936 |
| **MUNICIPAL BONDS & NOTES 0.6%**  |  |  |
| **ILLINOIS 0.1%**  |  |  |
| **Sales Tax Securitization Corp. Illinois Revenue Bonds, Series 2020**  |  |  |
| 2.857% due 01/01/2031  | 5000 | 4671 |
| 3.007% due 01/01/2033  | 2000 | 1815 |
|  |  | 6486 |
| **LOUISIANA 0.2%**  |  |  |
| **Louisiana Local Government Environmental Facilities & Community Development Auth Revenue Bonds, Series 2023** <br>5.048% due 12/01/2034 | 6900 | 7074 |
| **TEXAS 0.2%**  |  |  |
| **Dallas Fort Worth International Airport, Texas Revenue Bonds, Series 2020** <br>2.246% due 11/01/2031 | 2500 | 2233 |
| **Texas Natural Gas Securitization Finance Corp. Revenue Bonds, Series 2023** <br>5.102% due 04/01/2035 | 5777 | 5921 |
|  |  | 8154 |
| **WEST VIRGINIA 0.1%**  |  |  |
| **Tobacco Settlement Finance Authority, West Virginia Revenue Bonds, Series 2020** <br>3.151% due 06/01/2032 | 7095 | 6405 |
| Total Municipal Bonds & Notes (Cost $29,272) |  | 28119 |
| **U.S. GOVERNMENT AGENCIES 42.9%**  |  |  |
| **Federal Home Loan Mortgage Corp.**  |  |  |
| 2.000% due 02/01/2052 - 03/01/2052 | 19707 | 15945 |
| 2.500% due 07/01/2039 - 03/01/2040 | 715 | 652 |
| 3.000% due 04/01/2052 | 36960 | 32563 |
| 3.500% due 06/01/2026 - 06/01/2048 | 2333 | 2176 |
| 4.000% due 04/01/2029 - 10/01/2052 | 7932 | 7530 |
| 4.500% due 03/01/2029 - 04/01/2029 | 175 | 176 |
| 5.000% due 02/01/2053 - 06/01/2053 | 30909 | 30708 |
| 5.500% due 10/01/2034 - 01/01/2055 | 26509 | 26698 |
| 6.000% due 02/01/2033 - 04/01/2055 | 7530 | 7830 |
| 6.500% due 10/01/2037 | 2 | 2 |
| 7.500% due 01/01/2032 - 03/01/2032 | 10 | 10 |
| **Federal Home Loan Mortgage Corp. REMICS**  |  |  |
| 3.977% due 10/15/2043 •  | 3542 | 3475 |
| 4.146% due 08/15/2040 - 10/15/2040 •  | 4361 | 4287 |
| 4.507% due 05/15/2037 •  | 141 | 141 |
| 4.962% due 05/25/2054 •  | 6408 | 6433 |
| 6.500% due 04/15/2029 | 3 | 3 |
| 7.500% due 07/15/2030 | 1 | 1 |
| **Federal Home Loan Mortgage Corp. Structured Pass-Through Certificates**<br>5.059% due 02/25/2045 •  | 41 | 40 |
| **Federal National Mortgage Association**  |  |  |
| 2.000% due 02/01/2052 - 03/01/2052 | 31789 | 25713 |
| 2.500% due 02/01/2035 | 2723 | 2634 |
| 3.000% due 09/01/2027 - 04/01/2052 | 52688 | 47073 |
| 3.500% due 05/01/2026 - 09/01/2047 | 306 | 303 |
| 4.000% due 06/01/2029 - 10/01/2052 | 11006 | 10515 |
| 4.300% due 11/01/2029 | 1500 | 1501 |
| 4.432% due 10/01/2032 •  | 19 | 19 |
| 4.500% due 03/01/2029 - 05/01/2053 | 19351 | 18801 |
| 4.714% due 12/01/2036 •  | 10 | 10 |
| 4.893% due 11/01/2035 •  | 2 | 2 |
| 5.000% due 06/01/2027 - 07/01/2053 | 28479 | 28296 |
| 5.113% due 06/01/2043 •  | 108 | 109 |
| 5.114% due 07/01/2044 •  | 23 | 23 |
| 5.500% due 01/01/2032 - 07/01/2054 | 16859 | 17029 |
| 5.510% due 09/01/2034 •  | 7 | 7 |
| 5.950% due 04/01/2035 •  | 93 | 94 |
| 6.000% due 05/01/2033 - 01/01/2054 | 1797 | 1869 |
| 6.216% due 09/01/2039 •  | 5 | 5 |
| 6.235% due 08/01/2035 •  | 81 | 83 |
| 6.383% due 05/01/2038 •  | 1513 | 1573 |
| 6.590% due 09/01/2035 •  | 9 | 9 |
| 7.000% due 06/01/2032 | 25 | 26 |
| **Federal National Mortgage Association REMICS**  |  |  |
| 2.398% due 08/25/2055 ~(a) | 2537 | 116 |
| 3.842% due 12/25/2036 - 07/25/2037 •  | 153 | 150 |
| 4.026% due 05/25/2037 •  | 9 | 9 |

---

------

---

| | |
|:---|:---|
| &nbsp;&nbsp; Schedule of Investments PIMCO Total Return Portfolio (Cont.) | &nbsp;&nbsp;&nbsp; March 31, 2026 (Unaudited) |

---

---

| | | |
|:---|:---|:---|
| 0 | 162 | 207 |
| 4.106% due 06/25/2055 •  | 563 | 557 |
| 4.186% due 09/25/2035 •  | 76 | 76 |
| 4.276% due 02/25/2042 •  | 2846 | 2823 |
| 4.562% due 09/25/2054 •  | 6422 | 6448 |
| 5.000% due 04/25/2033 | 89 | 88 |
| 6.125% due 05/25/2035 ~ | 15 | 15 |
| **Federal National Mortgage Association Trust**<br>4.126% due 03/25/2044 •  | 75 | 75 |
| **Federal National Mortgage Association-ACES**<br>2.243% due 01/25/2031 ~(a) | 14901 | 680 |
| **Government National Mortgage Association**  |  |  |
| 2.000% due 04/20/2052 | 542 | 448 |
| 2.500% due 04/20/2052 | 9685 | 8344 |
| 3.000% due 07/15/2045 - 08/15/2045 | 895 | 805 |
| 3.500% due 07/20/2052 - 03/20/2053 | 14746 | 13644 |
| 4.000% due 06/15/2049 - 07/20/2055 | 8515 | 8004 |
| 4.500% due 04/20/2048 - 05/20/2048 | 2402 | 2363 |
| 5.000% due 07/20/2049 | 348 | 351 |
| 5.125% due 10/20/2029 - 11/20/2029 •  | 7 | 7 |
| 5.625% due 02/20/2027 - 02/20/2032 •  | 22 | 22 |
| 6.000% due 12/15/2038 - 11/15/2039 | 6 | 6 |
| **Government National Mortgage Association REMICS**  |  |  |
| 4.082% due 10/20/2043 •  | 2547 | 2468 |
| 4.123% due 01/20/2072 •  | 263 | 262 |
| 4.233% due 08/20/2066 •  | 9 | 9 |
| 4.383% due 07/20/2065 - 08/20/2065 •  | 3242 | 3244 |
| 4.473% due 01/20/2073 •  | 8430 | 8500 |
| 4.553% due 10/20/2066 - 03/20/2073 •  | 19641 | 19824 |
| 4.573% due 01/20/2073 •  | 7570 | 7631 |
| 4.583% due 06/20/2066 •  | 641 | 644 |
| 4.613% due 08/20/2066 •  | 2696 | 2708 |
| 4.643% due 12/20/2073 •  | 18500 | 18789 |
| 4.693% due 12/20/2072 •  | 5926 | 6033 |
| 4.783% due 01/20/2066 •  | 614 | 618 |
| 5.227% due 06/20/2067 •  | 95 | 97 |
| 5.592% due 04/20/2067 •  | 2373 | 2403 |
| 7.045% due 09/20/2066 ~ | 3453 | 3544 |
| **Government National Mortgage Association, TBA**  |  |  |
| 2.000% due 05/01/2056 | 15300 | 12635 |
| 4.000% due 04/01/2056 - 05/01/2056 | 43600 | 40826 |
| 4.500% due 04/01/2056 | 40400 | 39035 |
| 5.000% due 04/01/2056 - 05/01/2056 | 62425 | 61717 |
| 6.000% due 05/01/2056 | 32060 | 32565 |
| **Uniform Mortgage-Backed Security, TBA**  |  |  |
| 3.000% due 06/01/2040 | 233759 | 205008 |
| 4.000% due 05/01/2056 - 06/01/2056 | 153460 | 144615 |
| 4.500% due 04/01/2056 - 06/01/2056 | 430200 | 414713 |
| 5.000% due 04/01/2056 - 06/01/2056 | 264545 | 260585 |
| 5.500% due 05/01/2056 - 06/01/2056 | 203700 | 204290 |
| 6.000% due 06/01/2056 - 07/01/2056 | 99000 | 100754 |
| Total U.S. Government Agencies (Cost $1,946,939) |  | 1932912 |
| **U.S. TREASURY OBLIGATIONS 20.3%**  |  |  |
| **U.S. Treasury Bonds**  |  |  |
| 1.375% due 11/15/2040 | 75700 | 48787 |
| 1.375% due 08/15/2050 | 21600 | 10567 |
| 1.625% due 11/15/2050 (n) | 6800 | 3549 |
| 1.750% due 08/15/2041 | 6300 | 4214 |
| 1.875% due 02/15/2041 | 69000 | 47827 |
| 1.875% due 02/15/2051 | 50280 | 27929 |
| 1.875% due 11/15/2051 | 11825 | 6500 |
| 2.000% due 11/15/2041 | 6300 | 4359 |
| 2.000% due 02/15/2050 | 45500 | 26500 |
| 2.000% due 08/15/2051 | 30125 | 17163 |
| 2.250% due 05/15/2041 | 23700 | 17280 |
| 2.250% due 08/15/2049 | 64989 | 40438 |
| 2.375% due 02/15/2042 | 8400 | 6124 |
| 2.375% due 11/15/2049 (n) | 22158 | 14123 |
| 2.375% due 05/15/2051 | 10093 | 6317 |
| 2.500% due 02/15/2045 | 9800 | 6876 |
| 2.750% due 08/15/2047 | 3800 | 2690 |
| 2.875% due 05/15/2049 | 62500 | 44453 |
| 3.000% due 05/15/2042 (n) | 2400 | 1914 |
| 3.000% due 11/15/2044 | 155300 | 118962 |
| 3.000% due 02/15/2048 | 9900 | 7303 |
| 3.000% due 08/15/2048 | 4100 | 3010 |
| 3.000% due 02/15/2049 | 17900 | 13079 |
| 3.125% due 11/15/2041 (l) | 20500 | 16783 |
| 3.125% due 08/15/2044 | 30300 | 23763 |
| 3.125% due 05/15/2048 (n) | 3500 | 2635 |
| 3.250% due 05/15/2042 (n) | 1500 | 1236 |
| 3.375% due 05/15/2044 (l)(n) | 10100 | 8258 |
| 3.375% due 11/15/2048 | 17700 | 13876 |
| 3.625% due 08/15/2043 | 28500 | 24349 |
| 3.625% due 02/15/2044 (n) | 2900 | 2464 |

---

------

---

| | |
|:---|:---|
| &nbsp;&nbsp; Schedule of Investments PIMCO Total Return Portfolio (Cont.) | &nbsp;&nbsp;&nbsp; March 31, 2026 (Unaudited) |

---

---

| | | |
|:---|:---|:---|
| 0 | 162 | 207 |
| 3.750% due 08/15/2041 | 27700 | 24714 |
| 3.875% due 05/15/2043 (n) | 4300 | 3812 |
| 4.000% due 11/15/2042 | 16490 | 14926 |
| 4.250% due 08/15/2054 | 13300 | 11915 |
| 4.375% due 05/15/2041 | 3488 | 3361 |
| 4.375% due 08/15/2043 | 15691 | 14815 |
| 4.500% due 11/15/2054 | 6100 | 5700 |
| 4.625% due 05/15/2044 | 7100 | 6888 |
| 4.625% due 11/15/2045 | 7700 | 7428 |
| 4.625% due 05/15/2054 | 19600 | 18693 |
| 4.625% due 11/15/2055 | 27600 | 26375 |
| 4.750% due 08/15/2055 (n) | 1775 | 1730 |
| 4.875% due 08/15/2045 | 12869 | 12830 |
| **U.S. Treasury Inflation Protected Securities (e)** |  |  |
| 0.125% due 02/15/2051  | 50590 | 26939 |
| 0.125% due 02/15/2052  | 5608 | 2915 |
| 0.250% due 02/15/2050  | 13914 | 7886 |
| 0.625% due 02/15/2043  | 1839 | 1356 |
| 0.750% due 02/15/2045  | 27621 | 19866 |
| 0.875% due 02/15/2047  | 5120 | 3635 |
| 1.000% due 02/15/2046  | 549 | 408 |
| 1.000% due 02/15/2049  | 3231 | 2290 |
| 1.375% due 02/15/2044  | 3349 | 2770 |
| 1.500% due 02/15/2053  | 1532 | 1175 |
| 2.125% due 02/15/2054  | 14623 | 12907 |
| 2.375% due 02/15/2055  | 3195 | 2973 |
| 1.250% due 04/15/2028 (l) | 89449 | 89823 |
| **U.S. Treasury STRIPS**  |  |  |
| 0.000% due 08/15/2040 (a) | 3700 | 1842 |
| 0.000% due 02/15/2041 (a) | 2700 | 1303 |
| 0.000% due 05/15/2041 (a) | 700 | 333 |
| 0.000% due 08/15/2041 (a) | 900 | 422 |
| 0.000% due 05/15/2042 (a) | 15100 | 6769 |
| 0.000% due 08/15/2042 (a) | 6800 | 3000 |
| Total U.S. Treasury Obligations (Cost $1,107,396) |  | 915127 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 9.7%**  |  |  |
| **86333 AA1** <br>1.000% due 03/26/2029 «(h) | 4500 | 4431 |
| **86333 AB9** <br>5.170% due 03/26/2031 «(h) | 4500 | 4397 |
| **Alba PLC** <br>4.035% due 03/17/2039 •  | 3997 | 5257 |
| **American Home Mortgage Investment Trust** <br>6.700% due 06/25/2036 þ | $11432 | 1348 |
| **BAMLL Commercial Mortgage Securities Trust** <br>2.627% due 01/15/2032 | 3250 | 2966 |
| **Banc of America Funding Trust**  |  |  |
| 5.000% due 07/26/2036  | 19510 | 2632 |
| 5.243% due 05/25/2035 ~  | 64 | 61 |
| 6.000% due 03/25/2037  | 1112 | 860 |
| **Banc of America Mortgage Trust** <br>7.022% due 05/25/2033 ~ | 1 | 1 |
| **BCAP LLC Trust**  |  |  |
| 4.213% due 05/25/2047 •  | 1005 | 983 |
| 4.447% due 03/26/2037 þ  | 59 | 59 |
| **Bear Stearns ALT-A Trust**  |  |  |
| 4.539% due 05/25/2036 ~  | 1100 | 521 |
| 4.718% due 09/25/2035 ~  | 313 | 164 |
| 5.158% due 05/25/2035 ~  | 249 | 241 |
| **Bear Stearns ARM Trust**  |  |  |
| 4.737% due 01/25/2035 ~  | 34 | 32 |
| 4.819% due 07/25/2034 ~  | 128 | 120 |
| 4.989% due 04/25/2034 ~  | 148 | 133 |
| 5.125% due 01/25/2035 ~  | 71 | 65 |
| 5.619% due 11/25/2034 ~  | 299 | 282 |
| 5.714% due 01/25/2034 ~  | 70 | 68 |
| 5.950% due 02/25/2036 •  | 10 | 10 |
| 6.000% due 04/25/2033 ~  | 11 | 11 |
| **Bear Stearns Structured Products, Inc. Trust**  |  |  |
| 3.920% due 12/26/2046 ~  | 414 | 321 |
| 4.788% due 01/26/2036 ~  | 479 | 343 |
| **Benchmark Mortgage Trust** <br>3.458% due 03/15/2055 ~ | 15000 | 13896 |
| **CD Mortgage Trust** <br>3.431% due 08/15/2050 | 5900 | 5812 |
| **CFCRE Commercial Mortgage Trust** <br>3.644% due 12/10/2054 | 761 | 760 |
| **Chase Home Lending Mortgage Trust** <br>3.250% due 09/25/2063 ~ | 7146 | 6410 |
| **Chase Mortgage Finance Trust** <br>4.046% due 01/25/2036 ~ | 559 | 500 |
| **CHL Mortgage Pass-Through Trust**  |  |  |
| 4.787% due 11/25/2034 ~  | 242 | 234 |
| 5.023% due 02/20/2035 ~  | 23 | 23 |

---

------

---

| | |
|:---|:---|
| &nbsp;&nbsp; Schedule of Investments PIMCO Total Return Portfolio (Cont.) | &nbsp;&nbsp;&nbsp; March 31, 2026 (Unaudited) |

---

---

| | | |
|:---|:---|:---|
| 0 | 162 | 207 |
| 6.224% due 02/20/2036 •  | 32 | 29 |
| **Citigroup Mortgage Loan Trust, Inc.**  |  |  |
| 4.430% due 05/25/2035 ~  | 96 | 93 |
| 5.500% due 12/25/2035  | 1760 | 827 |
| 6.190% due 09/25/2035 •  | 432 | 437 |
| 6.480% due 10/25/2035 •  | 27 | 28 |
| **Countrywide Alternative Loan Trust**  |  |  |
| 4.170% due 09/20/2046 •  | 687 | 722 |
| 4.173% due 09/25/2046 •  | 4740 | 4694 |
| 4.193% due 05/25/2036 •  | 507 | 450 |
| 4.793% due 08/25/2035 •  | 2155 | 1094 |
| 6.000% due 03/25/2035  | 6756 | 5260 |
| 6.000% due 02/25/2037  | 5555 | 2038 |
| 6.000% due 08/25/2037  | 4371 | 2490 |
| **Cross Mortgage Trust** <br>6.093% due 04/25/2069 þ | 3212 | 3232 |
| **CSAIL Commercial Mortgage Trust** <br>2.968% due 12/15/2052 | 7446 | 7021 |
| **CSMC Trust** <br>5.187% due 07/15/2038 •  | 1500 | 1333 |
| **Deutsche Alt-A Securities, Inc. Mortgage Loan Trust**  |  |  |
| 4.093% due 03/25/2037 •  | 1936 | 1861 |
| 4.293% due 02/25/2035 •  | 60 | 59 |
| **DOLP Trust** <br>2.956% due 05/10/2041 | 20100 | 18057 |
| **First Horizon Alternative Mortgage Securities Trust** <br>4.502% due 08/25/2035 ~ | 704 | 580 |
| **First Horizon Mortgage Pass-Through Trust** <br>4.643% due 10/25/2035 ~ | 398 | 364 |
| **GreenPoint Mortgage Funding Trust** <br>4.153% due 09/25/2046 •  | 82 | 78 |
| **GS Mortgage Securities Corp. Trust** <br>2.856% due 05/10/2034 | 9079 | 8220 |
| **GS Mortgage Securities Trust** <br>3.602% due 10/10/2049 ~ | 3037 | 2844 |
| **GS Mortgage-Backed Securities Corp. Trust** <br>2.500% due 06/25/2052 ~ | 10382 | 8612 |
| **GS Mortgage-Backed Securities Trust** <br>2.500% due 01/25/2052 ~ | 12511 | 10433 |
| **GSR Mortgage Loan Trust**  |  |  |
| 4.111% due 11/25/2035 ~  | 78 | 68 |
| 4.860% due 09/25/2035 ~  | 296 | 285 |
| **HarborView Mortgage Loan Trust**  |  |  |
| 4.231% due 05/19/2035 •  | 105 | 102 |
| 4.685% due 07/19/2035 ~  | 423 | 318 |
| 5.033% due 12/19/2035 ~  | 1215 | 568 |
| 5.291% due 10/19/2035 •  | 1185 | 857 |
| **Hilton USA Trust** <br>2.828% due 11/05/2035 | 14400 | 12346 |
| **IndyMac INDX Mortgage Loan Trust**  |  |  |
| 3.533% due 06/25/2036 ~  | 3820 | 2646 |
| 4.133% due 01/25/2037 •  | 994 | 912 |
| **JP Morgan Chase Commercial Mortgage Securities Trust**  |  |  |
| 3.916% due 06/10/2042 ~  | 13200 | 12190 |
| 7.235% due 10/05/2040  | 6800 | 7039 |
| **JP Morgan Mortgage Trust**  |  |  |
| 3.500% due 09/25/2052 ~  | 11711 | 10607 |
| 3.934% due 10/25/2036 ~  | 970 | 676 |
| 4.163% due 12/26/2037 ~  | 4448 | 3772 |
| 4.941% due 08/25/2034 ~  | 280 | 280 |
| 5.750% due 01/25/2036  | 311 | 135 |
| 5.990% due 07/25/2064 ~  | 1365 | 1373 |
| **JP Morgan Resecuritization Trust** <br>4.648% due 05/26/2036 ~ | 7190 | 4846 |
| **Landmark Mortgage Securities No. 3 PLC** <br>4.143% due 04/17/2044 •  | 7435 | 9669 |
| **Manhattan West Mortgage Trust** <br>2.130% due 09/10/2039 | $16100 | 15519 |
| **MASTR Adjustable Rate Mortgages Trust** <br>5.249% due 08/25/2034 ~ | 1519 | 1166 |
| **Merrill Lynch Mortgage Investors Trust** <br>4.678% due 04/25/2035 ~ | 511 | 468 |
| **MFA Trust** <br>2.479% due 03/25/2065 ~ | 1089 | 1064 |
| **Morgan Stanley Mortgage Loan Trust** <br>5.053% due 07/25/2035 ~ | 786 | 639 |
| **MortgageIT Trust** <br>4.413% due 12/25/2035 •  | 381 | 383 |
| **MSSG Trust** <br>3.397% due 09/13/2039 | 17400 | 16641 |
| **New Residential Mortgage Loan Trust**  |  |  |
| 3.000% due 03/25/2052 ~  | 11532 | 10038 |
| 6.864% due 10/25/2063 þ  | 4822 | 4861 |
| **Nomura Resecuritization Trust** <br>4.721% due 11/26/2036 •  | 12228 | 10657 |

---

------

---

| | |
|:---|:---|
| &nbsp;&nbsp; Schedule of Investments PIMCO Total Return Portfolio (Cont.) | &nbsp;&nbsp;&nbsp; March 31, 2026 (Unaudited) |

---

---

| | | |
|:---|:---|:---|
| 0 | 162 | 207 |
| **OBX Trust**  |  |  |
| 3.000% due 01/25/2052 ~  | 11831 | 10260 |
| 6.113% due 03/25/2063 þ  | 3583 | 3578 |
| **One New York Plaza Trust** <br>4.737% due 01/15/2036 •  | 16330 | 15773 |
| **Pretium Mortgage Credit Partners LLC** <br>3.900% due 10/25/2063 ~ | 2041 | 1951 |
| **Prime Mortgage Trust**  |  |  |
| 4.193% due 02/25/2034 •  | 10 | 10 |
| 4.293% due 02/25/2035 •  | 118 | 118 |
| **Project Cashmere**  |  |  |
| 4.543% due 12/30/2057 «(b)  | 79800 | 55058 |
| 5.713% due 12/30/2057 «(b)  | 2000 | 1380 |
| 5.863% due 12/30/2057 «(b)  | 2000 | 1380 |
| 6.163% due 12/30/2057 «(b)  | 800 | 552 |
| 6.563% due 12/30/2057 «(b)  | 900 | 621 |
| **RALI Trust**  |  |  |
| 3.993% due 05/25/2037 •  | $3453 | 3269 |
| 5.165% due 12/25/2035 ~  | 169 | 149 |
| 6.000% due 09/25/2036  | 350 | 281 |
| 6.500% due 09/25/2036  | 3193 | 1231 |
| **Residential Asset Securitization Trust** <br>4.243% due 10/25/2035 •  | 747 | 423 |
| **RFMSI Trust** <br>6.000% due 06/25/2037 | 1006 | 804 |
| **SFO Commercial Mortgage Trust** <br>4.937% due 05/15/2038 •  | 13680 | 13666 |
| **STARM Mortgage Loan Trust** <br>5.644% due 02/25/2037 ~ | 442 | 381 |
| **Structured Adjustable Rate Mortgage Loan Trust**  |  |  |
| 3.859% due 01/25/2035 ~  | 152 | 152 |
| 4.193% due 04/25/2047 •  | 547 | 458 |
| 4.445% due 11/25/2035 ~  | 3629 | 2301 |
| **Structured Asset Mortgage Investments II Trust** <br>4.291% due 07/19/2035 •  | 231 | 223 |
| **Structured Asset Mortgage Investments Trust** <br>4.451% due 09/19/2032 •  | 1 | 1 |
| **Thornburg Mortgage Securities Trust**  |  |  |
| 5.786% due 06/25/2047 •  | 1410 | 1235 |
| 5.836% due 03/25/2037 •  | 415 | 295 |
| **Towd Point Mortgage Funding - Granite 6 PLC** <br>4.669% due 07/20/2053 •  | 5682 | 7525 |
| **Towd Point Mortgage Trust** <br>2.900% due 10/25/2059 ~ | $10731 | 10327 |
| **UWM Mortgage Trust** <br>2.500% due 12/25/2051 ~ | 11692 | 9742 |
| **Verus Securitization Trust** <br>6.338% due 04/25/2069 þ | 2305 | 2326 |
| **WaMu Mortgage Pass-Through Certificates Trust**  |  |  |
| 3.134% due 05/25/2037 ~  | 1432 | 1191 |
| 4.118% due 12/25/2036 ~  | 2881 | 2578 |
| 4.136% due 12/25/2036 ~  | 110 | 100 |
| 4.293% due 02/25/2045 •  | 3707 | 3602 |
| 4.373% due 10/25/2045 •  | 61 | 60 |
| 4.647% due 07/25/2037 ~  | 1772 | 1632 |
| 4.929% due 01/25/2046 •  | 299 | 292 |
| **Warwick Finance Residential Mortgages Number Three PLC**  |  |  |
| 0.000% due 12/21/2049 (d)  | 0 | 1940 |
| 4.695% due 12/21/2049 •  | 4065 | 5384 |
| 5.395% due 12/21/2049 •  | 2259 | 2993 |
| 5.895% due 12/21/2049 •  | 1179 | 1552 |
| 6.395% due 12/21/2049 •  | 674 | 886 |
| 6.895% due 12/21/2049 •  | 674 | 878 |
| **Worldwide Plaza Trust** <br>3.526% due 11/10/2036 | $6000 | 4796 |
| Total Non-Agency Mortgage-Backed Securities (Cost $471,334) |  | 437276 |
| **ASSET-BACKED SECURITIES 7.0%**  |  |  |
| **AUTOMOBILE SEQUENTIAL 0.2%**  |  |  |
| **CarMax Auto Owner Trust** <br>4.750% due 10/15/2027 | 1124 | 1125 |
| **Enterprise Fleet Financing LLC** <br>5.740% due 12/20/2026 | 1155 | 1157 |
| **FHF Trust** <br>6.570% due 06/15/2028 | 132 | 133 |
| **Toyota Auto Loan Extended Note Trust** <br>4.930% due 06/25/2036 | 4600 | 4673 |
|  |  | 7088 |
| **CMBS OTHER 0.8%**  |  |  |
| **Arbor Realty Commercial Real Estate Notes Ltd.** <br>5.122% due 01/15/2037 •  | 4866 | 4876 |

---

------

---

| | |
|:---|:---|
| &nbsp;&nbsp; Schedule of Investments PIMCO Total Return Portfolio (Cont.) | &nbsp;&nbsp;&nbsp; March 31, 2026 (Unaudited) |

---

---

| | | |
|:---|:---|:---|
| 0 | 162 | 207 |
| **AREIT Trust**  |  |  |
| 4.922% due 01/20/2037 •  | 5821 | 5821 |
| 5.920% due 06/17/2039 •  | 6945 | 6949 |
| **GS REFT Issuer Ltd.** <br>5.170% due 04/19/2043 •  | 3200 | 3208 |
| **KREF Ltd.** <br>5.127% due 02/17/2039 •  | 6078 | 6082 |
| **MF1 Ltd.**  |  |  |
| 4.874% due 10/16/2036 •  | 2906 | 2908 |
| 5.027% due 02/19/2037 •  | 5623 | 5629 |
|  |  | 35473 |
| **HOME EQUITY OTHER 3.5%**  |  |  |
| **Accredited Mortgage Loan Trust** <br>4.053% due 09/25/2036 •  | 313 | 312 |
| **ACE Securities Corp. Home Equity Loan Trust**  |  |  |
| 4.033% due 12/25/2036 •  | 1757 | 934 |
| 4.093% due 07/25/2036 •  | 4489 | 1285 |
| 4.233% due 08/25/2036 •  | 9323 | 2114 |
| **Ameriquest Mortgage Securities, Inc. Asset-Backed Pass-Through Certificates**  |  |  |
| 4.498% due 11/25/2035 •  | 606 | 603 |
| 4.903% due 03/25/2035 •  | 4218 | 4179 |
| **Argent Securities Trust**  |  |  |
| 4.093% due 07/25/2036 •  | 14979 | 4027 |
| 4.173% due 03/25/2036 •  | 4788 | 2709 |
| **Bear Stearns Asset-Backed Securities I Trust**  |  |  |
| 4.093% due 11/25/2036 •  | 2375 | 2324 |
| 4.113% due 08/25/2036 •  | 369 | 362 |
| **C-BASS Trust** <br>3.913% due 11/25/2036 •  | 259 | 120 |
| **Countrywide Asset-Backed Certificates** <br>4.693% due 09/25/2036 •  | 1212 | 1156 |
| **Countrywide Asset-Backed Certificates Trust**  |  |  |
| 4.073% due 06/25/2047 •  | 4694 | 4320 |
| 4.242% due 10/25/2046 þ  | 8134 | 6906 |
| 4.253% due 05/25/2037 •  | 4729 | 4441 |
| **EMC Mortgage Loan Trust** <br>4.533% due 05/25/2040 •  | 39 | 39 |
| **Fremont Home Loan Trust**  |  |  |
| 3.913% due 01/25/2037 •  | 53 | 24 |
| 4.408% due 11/25/2035 •  | 8652 | 8084 |
| **GSAA Home Equity Trust** <br>6.500% due 10/25/2037 | 8788 | 4759 |
| **GSAA Trust** <br>5.995% due 03/25/2046 ~ | 5343 | 1808 |
| **GSAMP Trust** <br>3.973% due 06/25/2036 •  | 2493 | 1361 |
| **Home Equity Loan Trust** <br>4.023% due 04/25/2037 •  | 3644 | 3566 |
| **JP Morgan Mortgage Acquisition Corp.**  |  |  |
| 2.945% due 10/25/2035 •  | 366 | 364 |
| 4.378% due 05/25/2035 •  | 389 | 387 |
| **JP Morgan Mortgage Acquisition Trust**  |  |  |
| 4.013% due 08/25/2036 •  | 1777 | 1355 |
| 4.273% due 08/25/2036 •  | 915 | 700 |
| **Long Beach Mortgage Loan Trust** <br>4.113% due 05/25/2036 •  | 32841 | 9497 |
| **MASTR Asset-Backed Securities Trust** <br>4.273% due 03/25/2036 •  | 3147 | 1867 |
| **Merrill Lynch Mortgage Investors Trust**  |  |  |
| 3.813% due 03/25/2037 þ  | 3921 | 729 |
| 4.013% due 07/25/2037 •  | 2245 | 843 |
| 4.273% due 08/25/2037 •  | 2046 | 1000 |
| **Morgan Stanley ABS Capital I, Inc. Trust**  |  |  |
| 3.973% due 05/25/2037 •  | 5915 | 5428 |
| 4.093% due 06/25/2036 •  | 3379 | 1666 |
| 4.093% due 07/25/2036 •  | 5557 | 1999 |
| 4.293% due 08/25/2036 •  | 9587 | 4765 |
| **New Century Home Equity Loan Trust** <br>4.678% due 05/25/2034 •  | 6087 | 6400 |
| **Newcastle Mortgage Securities Trust** <br>4.513% due 03/25/2036 •  | 6757 | 6691 |
| **NovaStar Mortgage Funding Trust** <br>4.273% due 11/25/2036 •  | 2253 | 682 |
| **Option One Mortgage Loan Trust**  |  |  |
| 3.933% due 03/25/2037 •  | 3134 | 2903 |
| 4.013% due 05/25/2037 •  | 6693 | 4060 |
| **Option One Mortgage Loan Trust Asset-Backed Certificates** <br>4.483% due 11/25/2035 •  | 5162 | 5031 |
| **Ownit Mortgage Loan Trust**  |  |  |
| 4.013% due 09/25/2037 •  | 1670 | 739 |
| 4.088% due 05/25/2037 •  | 17089 | 14459 |
| 4.273% due 09/25/2037 •  | 8212 | 3633 |
| **Park Place Securities, Inc. Asset-Backed Pass-Through Certificates** <br>4.918% due 03/25/2035 •  | 606 | 601 |

---

------

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| | |
|:---|:---|
| &nbsp;&nbsp; Schedule of Investments PIMCO Total Return Portfolio (Cont.) | &nbsp;&nbsp;&nbsp; March 31, 2026 (Unaudited) |

---

---

| | | |
|:---|:---|:---|
| 0 | 162 | 207 |
| **Renaissance Home Equity Loan Trust** <br>5.285% due 01/25/2037 þ | 12617 | 3720 |
| **Residential Asset Securities Corporation Trust**  |  |  |
| 4.393% due 02/25/2036 •  | 1741 | 1729 |
| 4.453% due 12/25/2035 •  | 1735 | 1535 |
| **Securitized Asset-Backed Receivables LLC Trust** <br>4.053% due 05/25/2037 •  | 552 | 433 |
| **SG Mortgage Securities Trust** <br>4.333% due 02/25/2036 •  | 1883 | 923 |
| **Soundview Home Loan Trust**  |  |  |
| 4.013% due 02/25/2037 •  | 7211 | 1903 |
| 4.693% due 10/25/2037 •  | 10898 | 8648 |
| **Structured Asset Securities Corp. Mortgage Loan Trust** <br>4.693% due 05/25/2037 •  | 1832 | 1811 |
| **Wachovia Mortgage Loan Trust LLC** <br>4.483% due 10/25/2035 •  | 3799 | 3546 |
| **WaMu Asset-Backed Certificates Trust**  |  |  |
| 4.093% due 01/25/2037 •  | 2344 | 1059 |
| 4.293% due 04/25/2037 •  | 4603 | 1655 |
|  |  | 158194 |
| **HOME EQUITY SEQUENTIAL 0.0%**  |  |  |
| **JP Morgan Mortgage Acquisition Trust** <br>4.053% due 03/25/2037 •  | 335 | 333 |
| **Saxon Asset Securities Trust** <br>4.133% due 10/25/2046 •  | 1207 | 1195 |
|  |  | 1528 |
| **WHOLE LOAN COLLATERAL 0.2%**  |  |  |
| **Citigroup Mortgage Loan Trust, Inc.** <br>7.250% due 05/25/2036 þ | 2225 | 1084 |
| **Lehman XS Trust** <br>4.153% due 06/25/2036 •  | 124 | 152 |
| **Specialty Underwriting & Residential Finance Trust** <br>4.093% due 11/25/2037 •  | 10538 | 5760 |
|  |  | 6996 |
| **OTHER ABS 2.3%**  |  |  |
| **ARES XLIV CLO Ltd.** <br>4.802% due 04/15/2034 •  | 8800 | 8809 |
| **Avoca CLO XXV DAC** <br>2.976% due 10/15/2034 •  | 5000 | 5770 |
| **Bain Capital Credit CLO Ltd.**  |  |  |
| 4.819% due 04/22/2035 •  | $3350 | 3349 |
| 4.830% due 07/17/2035 •  | 10250 | 10252 |
| **Benefit Street Partners CLO XXII Ltd.** <br>4.818% due 04/20/2035 •  | 7500 | 7502 |
| **Cumulus Static CLO DAC** <br>3.184% due 11/15/2033 •  | 5225 | 6047 |
| **Dryden 54 Senior Loan Fund** <br>4.818% due 10/19/2029 •  | $165 | 165 |
| **ICG U.S. CLO Ltd.** <br>4.818% due 10/20/2034 •  | 5700 | 5707 |
| **Invesco Euro CLO I DAC** <br>2.666% due 07/15/2031 •  | 1501 | 1737 |
| **KKR CLO 41 Ltd.** <br>5.002% due 04/15/2035 •  | $7000 | 7003 |
| **Man GLG Euro CLO V DAC** <br>2.840% due 12/15/2031 •  | 297 | 343 |
| **Marble Point CLO XXII Ltd.** <br>4.888% due 07/25/2034 •  | $10700 | 10695 |
| **Nelnet Student Loan Trust**  |  |  |
| 4.670% due 06/22/2065  | 5291 | 5238 |
| 5.023% due 06/22/2065 •  | 4215 | 4251 |
| 5.873% due 02/20/2041 •  | 1864 | 1904 |
| 6.640% due 02/20/2041  | 1991 | 2060 |
| **Pagaya AI Debt Trust** <br>6.258% due 10/15/2031 | 1957 | 1958 |
| **Post CLO Ltd.** <br>4.762% due 04/20/2035 •  | 13700 | 13703 |
| **Rockford Tower CLO Ltd.** <br>4.868% due 07/20/2035 •  | 7050 | 7054 |
| **Venture 33 CLO Ltd.** <br>4.994% due 07/15/2031 •  | 612 | 613 |
|  |  | 104160 |
| Total Asset-Backed Securities (Cost $355,414) |  | 313439 |
| **SOVEREIGN ISSUES 10.3%**  |  |  |
| **Australia Government Bonds** <br>2.750% due 06/21/2035 | 17800 | 10296 |

---

------

---

| | |
|:---|:---|
| &nbsp;&nbsp; Schedule of Investments PIMCO Total Return Portfolio (Cont.) | &nbsp;&nbsp;&nbsp; March 31, 2026 (Unaudited) |

---

---

| | | |
|:---|:---|:---|
| 0 | 162 | 207 |
| **Brazil Government International Bonds** <br>6.125% due 03/15/2034 | $9200 | 9206 |
| **Brazil Letras do Tesouro Nacional**  |  |  |
| 0.000% due 07/01/2026 (d)  | 43800 | 8189 |
| 0.000% due 10/01/2026 (d)  | 71000 | 12841 |
| **Canada Government Bonds** <br>3.250% due 12/01/2034 | 6311 | 4490 |
| **Chile Government International Bonds** <br>0.830% due 07/02/2031 | 14400 | 14351 |
| **Colombia Government International Bonds**  |  |  |
| 5.375% due 01/21/2029  | $1300 | 1290 |
| 6.500% due 01/21/2033  | 1300 | 1275 |
| **CPPIB Capital, Inc.** <br>4.300% due 06/02/2034 | 2000 | 1492 |
| **Eagle Funding Luxco SARL** <br>5.500% due 08/17/2030 | $10700 | 10770 |
| **European Union** <br>2.875% due 10/05/2029 | 17800 | 20573 |
| **Italy Buoni Poliennali Del Tesoro**  |  |  |
| 1.100% due 08/15/2031 (e)  | 1701 | 1990 |
| 1.250% due 09/15/2032 (e)  | 1789 | 2095 |
| 1.300% due 05/15/2028 (e)  | 18521 | 22014 |
| **Ivory Coast Government International Bonds** <br>5.875% due 10/17/2031 | 6200 | 7013 |
| **Japan Government Forty Year Bonds** <br>2.200% due 03/20/2064 | 886000 | 3870 |
| **Japan Government Thirty Year Bonds**  |  |  |
| 2.100% due 09/20/2054  | 126700 | 579 |
| 2.300% due 12/20/2054  | 1614300 | 7721 |
| 2.400% due 03/20/2055  | 2016400 | 9858 |
| 2.800% due 06/20/2055  | 1240000 | 6621 |
| 3.200% due 09/20/2055  | 1490000 | 8629 |
| **Japan Government Twenty Year Bonds**  |  |  |
| 2.000% due 12/20/2044  | 2040000 | 10679 |
| 2.400% due 03/20/2045  | 1140000 | 6348 |
| 2.700% due 09/20/2045  | 99550 | 577 |
| **Korea Development Bank** <br>4.367% (SOFRRATE + 0.700%) due 10/23/2026 ~ | $1900 | 1899 |
| **Kuwait International Government Bonds**  |  |  |
| 4.016% due 10/09/2028  | 2500 | 2466 |
| 4.136% due 10/09/2030  | 2500 | 2449 |
| 4.652% due 10/09/2035  | 1900 | 1827 |
| **Mexico Government International Bonds**  |  |  |
| 3.500% due 09/19/2029  | 3200 | 3638 |
| 4.500% due 03/19/2034  | 3200 | 3603 |
| 5.125% due 03/19/2038  | 1300 | 1453 |
| 5.625% due 02/09/2034  | $300 | 294 |
| 6.000% due 05/07/2036  | 2700 | 2689 |
| **New South Wales Treasury Corp.**  |  |  |
| 1.750% due 03/20/2034  | 9500 | 5012 |
| 2.000% due 03/08/2033  | 900 | 504 |
| 4.750% due 02/20/2037  | 2400 | 1532 |
| **Peru Government Bonds**  |  |  |
| 6.850% due 08/12/2035  | 9950 | 2920 |
| 7.300% due 08/12/2033  | 98080 | 30883 |
| **Peru Government International Bonds**  |  |  |
| 6.150% due 08/12/2032  | 27070 | 8135 |
| 6.950% due 08/12/2031  | 22241 | 6932 |
| **Province of Quebec** <br>4.450% due 09/01/2034 | 23900 | 17948 |
| **Queensland Treasury Corp.**  |  |  |
| 1.500% due 08/20/2032  | 7300 | 4024 |
| 4.500% due 08/22/2035  | 1800 | 1145 |
| **Republic of Poland Government International Bonds** <br>5.125% due 09/18/2034 | $4600 | 4629 |
| **Republic of South Africa Government Bonds**  |  |  |
| 6.250% due 03/31/2036  | 21300 | 1012 |
| 7.000% due 02/28/2031  | 118900 | 6586 |
| 8.500% due 01/31/2037  | 85000 | 4695 |
| 8.750% due 01/31/2044  | 5390 | 289 |
| 8.750% due 02/28/2048  | 12000 | 642 |
| 8.875% due 02/28/2035 (j)  | 495080 | 28755 |
| 9.000% due 01/31/2040  | 20900 | 1162 |
| **Republic of South Africa Government International Bonds** <br>7.100% due 11/19/2036 | $3000 | 3068 |
| **Romania Government International Bonds** <br>3.624% due 05/26/2030 | 14000 | 15460 |
| **Saudi Government International Bonds**  |  |  |
| 4.125% due 01/12/2029  | $4500 | 4442 |
| 4.750% due 01/18/2028  | 9700 | 9726 |
| 4.750% due 01/16/2030  | 9200 | 9202 |
| 5.125% due 01/13/2028  | 3200 | 3235 |
| **Treasury Corp. of Victoria**  |  |  |
| 2.000% due 11/20/2037  | 7700 | 3592 |
| 2.250% due 09/15/2033  | 3500 | 1950 |

---

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---

| | |
|:---|:---|
| &nbsp;&nbsp; Schedule of Investments PIMCO Total Return Portfolio (Cont.) | &nbsp;&nbsp;&nbsp; March 31, 2026 (Unaudited) |

---

---

| | | |
|:---|:---|:---|
| 0 | 162 | 207 |
| **U.K. Gilts**  |  |  |
| 0.500% due 10/22/2061  | 1700 | 533 |
| 3.750% due 03/07/2027  | 45000 | 59227 |
| 4.375% due 07/31/2054  | 20695 | 22809 |
| Total Sovereign Issues (Cost $471,499) |  | 463134 |
|  | SHARES |  |
| **COMMON STOCKS 0.1%**  |  |  |
| **INDUSTRIALS 0.1%**  |  |  |
| **Drillco Holdings Luxembourg SA «(h)** | 48286 | 1111 |
| **Foresea Holdings SA «** | 142284 | 3272 |
| Total Common Stocks (Cost $3,811) |  | 4383 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **SHORT-TERM INSTRUMENTS 2.3%**  |  |  |
| **REPURCHASE AGREEMENTS (i) 2.2%** |  | 98405 |
| **NIGERIA TREASURY BILLS 0.1%**  |  |  |
| 32.258% due 06/11/2026 - 06/29/2026 (c)(d) | 7295946 | 5053 |
| **U.S. TREASURY BILLS 0.0%**  |  |  |
| 3.647% due 04/07/2026 - 05/05/2026 (c)(d)(n) | $1664 | 1661 |
| Total Short-Term Instruments (Cost $104,351) |  | 105119 |
| Total Investments in Securities (Cost $6,228,595) |  | 5904697 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 6.4%**  |  |  |
| **SHORT-TERM INSTRUMENTS 6.4%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 6.4%**  |  |  |
| **PIMCO Short Asset Portfolio** | 17425148 | 171028 |
| **PIMCO Short-Term Floating NAV Portfolio III** | 12278143 | 119577 |
| Total Short-Term Instruments (Cost $292,892) |  | 290605 |
| Total Investments in Affiliates (Cost $292,892) |  | 290605 |
| Total Investments 137.4% (Cost $6,521,487) |  | $6195302 |
| **Financial Derivative Instruments (k)(m) 0.7**%(Cost or Premiums, net $34,699) |  | 29535 |
| Other Assets and Liabilities, net (38.1)% |  | (1715296) |
| Net Assets 100.0% |  | $4509541 |

---

------

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| | |
|:---|:---|
| &nbsp;&nbsp; Schedule of Investments PIMCO Total Return Portfolio (Cont.) | &nbsp;&nbsp;&nbsp; March 31, 2026 (Unaudited) |

---

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 23 | 47 | 77 | 103 | 135 | 149 | 173 | 180 | 197 | 207 | 216 | 223 | 229 |
| **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).** |
| **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.** | **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.** | **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.** | **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)** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** |
| **(b)** | **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.** |
| **(c)** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** |
| **(d)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(e)** | **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.** |
| **(f)** | **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.** |
| **(g)** | **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.** |
| **(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:** |
| Issuer Description | Issuer Description | Issuer Description |  | Acquisition<br>Date | Acquisition<br>Date | Cost | Cost |  | Market<br>Value | Market<br>Value | Market<br>Value | Market Value<br>as Percentage<br>of Net Assets | Market Value<br>as Percentage<br>of Net Assets |
| 86333 AA1 1.000% due 03/26/2029 | 86333 AA1 1.000% due 03/26/2029 | 86333 AA1 1.000% due 03/26/2029 |  | 02/25/2026 | 02/25/2026 | 4500 | 4500 | $ | 4431 | 4431 | 4431 | 0.10 | % |
| 86333 AB9 5.170% due 03/26/2031 | 86333 AB9 5.170% due 03/26/2031 | 86333 AB9 5.170% due 03/26/2031 |  | 02/25/2026 | 02/25/2026 | 4500 | 4500 |  | 4397 | 4397 | 4397 | 0.10 |  |
| Alfa-Bank CJSC 5.860% due 10/21/2026 | Alfa-Bank CJSC 5.860% due 10/21/2026 | Alfa-Bank CJSC 5.860% due 10/21/2026 |  | 10/27/2025 | 10/27/2025 | 1079 | 1079 |  | 1079 | 1079 | 1079 | 0.02 |  |
| Credit Opportunities Partners LLC 6.740% due 03/20/2030 | Credit Opportunities Partners LLC 6.740% due 03/20/2030 | Credit Opportunities Partners LLC 6.740% due 03/20/2030 |  | 02/20/2025 | 02/20/2025 | 1800 | 1800 |  | 1772 | 1772 | 1772 | 0.04 |  |
| Dorchester LLC 4.610% due 01/04/2027 | Dorchester LLC 4.610% due 01/04/2027 | Dorchester LLC 4.610% due 01/04/2027 |  | 12/10/2025 | 12/10/2025 | 2222 | 2222 |  | 2196 | 2196 | 2196 | 0.05 |  |
| Drillco Holdings Luxembourg SA | Drillco Holdings Luxembourg SA | Drillco Holdings Luxembourg SA |  | 06/08/2023 | 06/08/2023 | 966 | 966 |  | 1111 | 1111 | 1111 | 0.02 |  |
| Fennovoima OYJ 0.600% due 07/10/2028 | Fennovoima OYJ 0.600% due 07/10/2028 | Fennovoima OYJ 0.600% due 07/10/2028 |  | 07/16/2025 | 07/16/2025 | 3395 | 3395 |  | 3402 | 3402 | 3402 | 0.08 |  |
| National Football League 5.480% due 10/05/2028 | National Football League 5.480% due 10/05/2028 | National Football League 5.480% due 10/05/2028 |  | 03/14/2024 | 03/14/2024 | 2400 | 2400 |  | 2424 | 2424 | 2424 | 0.05 |  |
| 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 | 5000 | 5000 |  | 4936 | 4936 | 4936 | 0.11 |  |
|  |  |  |  |  | $ | 25862 | $ | $ | 25748 | 25748 | 0.57% | 0.57% | 0.57% |
| **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** |
| **(i)** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** | **REPURCHASE AGREEMENTS:** |
| Counterparty | Maturity<br>Date | Principal<br>Amount | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | &nbsp;&nbsp; Collateralized By | Collateral<br>(Received) | Collateral<br>(Received) | Repurchase<br>Agreements,<br>at Value | Repurchase<br>Agreements,<br>at Value |  | Repurchase<br>Agreement<br>Proceeds<br>to be<br>Received<sup>(1)</sup> | Repurchase<br>Agreement<br>Proceeds<br>to be<br>Received<sup>(1)</sup> |
| BOS | 04/01/2026 | $61600 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 03/31/2029 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 03/31/2029 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 03/31/2029 | &nbsp;&nbsp; U.S. Treasury Notes 4.125% due 03/31/2029 | (62916) | (62916) | 61600 | 61600 | $ | $61606 | 61606 |
| BRC | TBD<sup>(2)</sup> | 453581 | &nbsp;&nbsp; Republic of South Africa Government Bonds 8.750% due 02/28/2048 | &nbsp;&nbsp; Republic of South Africa Government Bonds 8.750% due 02/28/2048 | &nbsp;&nbsp; Republic of South Africa Government Bonds 8.750% due 02/28/2048 | &nbsp;&nbsp; Republic of South Africa Government Bonds 8.750% due 02/28/2048 | (30101) | (30101) | 26805 | 26805 |  | 26815 | 26815 |
| SAL | 04/01/2026 | $10000 | &nbsp;&nbsp; U.S. Treasury Bills 0.000% due 04/28/2026 | &nbsp;&nbsp; U.S. Treasury Bills 0.000% due 04/28/2026 | &nbsp;&nbsp; U.S. Treasury Bills 0.000% due 04/28/2026 | &nbsp;&nbsp; U.S. Treasury Bills 0.000% due 04/28/2026 | (10204) | (10204) | 10000 | 10000 |  | 10001 | 10001 |
| **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** | **Total Repurchase Agreements** |  |  |  | **(103221)** | **(103221)** | **98405** | **98405** | **$** | $**98422** | **98422** |
| **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 | Borrowing Rate<sup>(3)</sup> | Borrowing Rate<sup>(3)</sup> | Settlement Date | Maturity Date | Maturity Date | Amount<br>Borrowed<sup>(3)</sup> | Amount<br>Borrowed<sup>(3)</sup> | Amount<br>Borrowed<sup>(3)</sup> | Payable for<br>Reverse<br>Repurchase<br>Agreements | Payable for<br>Reverse<br>Repurchase<br>Agreements | Payable for<br>Reverse<br>Repurchase<br>Agreements | Payable for<br>Reverse<br>Repurchase<br>Agreements |
| BOS | BOS | 3.500%  | 3.500%  | 03/27/2026 | 06/12/2026 | 06/12/2026 | (32115) | (32115) | (32115) | (32131) | (32131) | (32131) | (32131) |
|  |  | 3.550  | 3.550  | 03/25/2026 | 06/12/2026 | 06/12/2026 | (440) | (440) | (440) | (440) | (440) | (440) | (440) |
| BRC | BRC | 3.250  | 3.250  | 03/20/2026 | 05/01/2026 | 05/01/2026 | (6662) | (6662) | (6662) | (6669) | (6669) | (6669) | (6669) |
|  |  | 6.700  | 6.700  | 03/30/2026 | TBD<sup>(4)</sup> | TBD<sup>(4)</sup> | (453581) | (453581) | (453581) | (26815) | (26815) | (26815) | (26815) |
| **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** |  |  |  |  |  |  |  |  | **(66055)** | **(66055)** | **(66055)** | **(66055)** |
| **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 | Coupon | Maturity<br>Date | Principal<br>Amount | Principal<br>Amount | Proceeds | Proceeds | Proceeds | Payable for<br>Short Sales | Payable for<br>Short Sales | Payable for<br>Short Sales |
| U.S. Government Agencies (1.8)% | U.S. Government Agencies (1.8)% | U.S. Government Agencies (1.8)% | U.S. Government Agencies (1.8)% | U.S. Government Agencies (1.8)% | U.S. Government Agencies (1.8)% | U.S. Government Agencies (1.8)% | U.S. Government Agencies (1.8)% | U.S. Government Agencies (1.8)% | U.S. Government Agencies (1.8)% | U.S. Government Agencies (1.8)% | U.S. Government Agencies (1.8)% | U.S. Government Agencies (1.8)% | U.S. Government Agencies (1.8)% |
| &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  | 2.000% | 05/01/2056 | $ | 60900 | $ | (48787) | (48787) | $ | $(49041) | (49041) |

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|:---|:---|
| &nbsp;&nbsp; Schedule of Investments PIMCO Total Return Portfolio (Cont.) | &nbsp;&nbsp;&nbsp; March 31, 2026 (Unaudited) |

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| | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 3 | 22 | 34 | 40 | 58 | 68 | 80 | 98 | 102 | 103 | 120 | 134 | 148 | 149 | 166 | 170 | 178 | 182 | 192 | 205 | 223 |
| &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  | &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  | 3.000 | 03/01/2056 | 03/01/2056 |  |  | 0 | 0 |  |  | 3 | 3 | 0 |
| &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  | &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  | 4.500 | 04/13/2056 | 04/13/2056 |  |  | 34700 | 34700 |  |  | (33377) | (33377) | (33494) |
| **Total Short Sales (1.8)%** | **Total Short Sales (1.8)%** | **Total Short Sales (1.8)%** | **Total Short Sales (1.8)%** | **Total Short Sales (1.8)%** | **Total Short Sales (1.8)%** | **Total Short Sales (1.8)%** | **Total Short Sales (1.8)%** | **Total Short Sales (1.8)%** | **Total Short Sales (1.8)%** |  |  |  |  |  |  |  | **$** | **$** | **(82161)** | **(82161)** | $**(82535)** |
| **(j)** | **Securities with an aggregate market value of $68,033 and cash of $120 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $68,033 and cash of $120 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $68,033 and cash of $120 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $68,033 and cash of $120 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $68,033 and cash of $120 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $68,033 and cash of $120 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $68,033 and cash of $120 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $68,033 and cash of $120 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $68,033 and cash of $120 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $68,033 and cash of $120 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $68,033 and cash of $120 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $68,033 and cash of $120 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $68,033 and cash of $120 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $68,033 and cash of $120 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $68,033 and cash of $120 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $68,033 and cash of $120 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $68,033 and cash of $120 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $68,033 and cash of $120 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $68,033 and cash of $120 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $68,033 and cash of $120 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $68,033 and cash of $120 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** |
| <sup>(1)</sup> | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. | Includes accrued interest. |
| <sup>(2)</sup> | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. | Open maturity repurchase agreement. |
| <sup>(3)</sup> | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(36497) at a weighted average interest rate of 5.899%. 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 $(36497) at a weighted average interest rate of 5.899%. 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 $(36497) at a weighted average interest rate of 5.899%. 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 $(36497) at a weighted average interest rate of 5.899%. 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 $(36497) at a weighted average interest rate of 5.899%. 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 $(36497) at a weighted average interest rate of 5.899%. 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 $(36497) at a weighted average interest rate of 5.899%. 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 $(36497) at a weighted average interest rate of 5.899%. 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 $(36497) at a weighted average interest rate of 5.899%. 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 $(36497) at a weighted average interest rate of 5.899%. 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 $(36497) at a weighted average interest rate of 5.899%. 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 $(36497) at a weighted average interest rate of 5.899%. 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 $(36497) at a weighted average interest rate of 5.899%. 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 $(36497) at a weighted average interest rate of 5.899%. 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 $(36497) at a weighted average interest rate of 5.899%. 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 $(36497) at a weighted average interest rate of 5.899%. 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 $(36497) at a weighted average interest rate of 5.899%. 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 $(36497) at a weighted average interest rate of 5.899%. 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 $(36497) at a weighted average interest rate of 5.899%. 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 $(36497) at a weighted average interest rate of 5.899%. 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 $(36497) at a weighted average interest rate of 5.899%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. |
| <sup>(4)</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. | 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. |
| **(k)** | **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** | **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** |
| **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** | **WRITTEN OPTIONS:** |
| **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** | **OPTIONS ON EXCHANGE-TRADED FUTURES CONTRACTS** |
| Description | Description | Description | Description | Description | Description | Description | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Expiration<br>Date | Expiration<br>Date | # of<br>Contracts | Notional Amount | Notional Amount | Notional Amount | Premiums<br>(Received) | Premiums<br>(Received) | Premiums<br>(Received) | Premiums<br>(Received) |  | Market<br>Value |
| Put - CBOE U.S. Treasury 10-Year Note May Futures  | Put - CBOE U.S. Treasury 10-Year Note May Futures  | Put - CBOE U.S. Treasury 10-Year Note May Futures  | Put - CBOE U.S. Treasury 10-Year Note May Futures  | Put - CBOE U.S. Treasury 10-Year Note May Futures  | Put - CBOE U.S. Treasury 10-Year Note May Futures  | Put - CBOE U.S. Treasury 10-Year Note May Futures  | $110.000 | 110.000 | 04/24/2026 | 04/24/2026 | 04/24/2026 | 58 | $58 | 58 | 58 | (20) | (20) | (20) | (20) | $ | (22) |
| Call - CBOE U.S. Treasury 10-Year Note May Futures  | Call - CBOE U.S. Treasury 10-Year Note May Futures  | Call - CBOE U.S. Treasury 10-Year Note May Futures  | Call - CBOE U.S. Treasury 10-Year Note May Futures  | Call - CBOE U.S. Treasury 10-Year Note May Futures  | Call - CBOE U.S. Treasury 10-Year Note May Futures  | Call - CBOE U.S. Treasury 10-Year Note May Futures  | 113.000 | 113.000 | 04/24/2026 | 04/24/2026 | 04/24/2026 | 58 | 58 | 58 | 58 | (14) | (14) | (14) | (14) |  | (8) |
| Put - EUREX Euro-Bund 10-Year Bond April Futures  | Put - EUREX Euro-Bund 10-Year Bond April Futures  | Put - EUREX Euro-Bund 10-Year Bond April Futures  | Put - EUREX Euro-Bund 10-Year Bond April Futures  | Put - EUREX Euro-Bund 10-Year Bond April Futures  | Put - EUREX Euro-Bund 10-Year Bond April Futures  | Put - EUREX Euro-Bund 10-Year Bond April Futures  | 125.500 | 125.500 | 04/24/2026 | 04/24/2026 | 04/24/2026 | 28 | 28 | 28 | 28 | (11) | (11) | (11) | (11) |  | (29) |
| Call - EUREX Euro-Bund 10-Year Bond April Futures  | Call - EUREX Euro-Bund 10-Year Bond April Futures  | Call - EUREX Euro-Bund 10-Year Bond April Futures  | Call - EUREX Euro-Bund 10-Year Bond April Futures  | Call - EUREX Euro-Bund 10-Year Bond April Futures  | Call - EUREX Euro-Bund 10-Year Bond April Futures  | Call - EUREX Euro-Bund 10-Year Bond April Futures  | 128.000 | 128.000 | 04/24/2026 | 04/24/2026 | 04/24/2026 | 28 | 28 | 28 | 28 | (10) | (10) | (10) | (10) |  | (3) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **$** | $**(55)** | **(55)** | **(55)** | **(55)** | **$** | **(62)** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **LONG FUTURES CONTRACTS** | **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> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description |  | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) |  | Asset | Asset | Asset | Asset | Liability |
| 3-Month SONIA March Futures  | 3-Month SONIA March Futures  | 3-Month SONIA March Futures  | 3-Month SONIA March Futures  | 06/2027 | 06/2027 | 136 | 136 | 43040 | 43040 | 43040 | 43040 | $63 | 63 | 63 | 63 | $ | $56 | 56 | 56 | 56 | 0 |
| Australia Government 10-Year Bond June Futures  | Australia Government 10-Year Bond June Futures  | Australia Government 10-Year Bond June Futures  | Australia Government 10-Year Bond June Futures  | 06/2026 | 06/2026 | 576 | 576 | 42823 | 42823 | 42823 | 42823 | (243) | (243) | (243) | (243) |  | 403 | 403 | 403 | 403 | 0 |
| Canada Government 10-Year Bond June Futures  | Canada Government 10-Year Bond June Futures  | Canada Government 10-Year Bond June Futures  | Canada Government 10-Year Bond June Futures  | 06/2026 | 06/2026 | 406 | 406 | 35026 | 35026 | 35026 | 35026 | (599) | (599) | (599) | (599) |  | 140 | 140 | 140 | 140 | 0 |
| Long Guilt June Futures  | Long Guilt June Futures  | Long Guilt June Futures  | Long Guilt June Futures  | 06/2026 | 06/2026 | 686 | 686 | 79712 | 79712 | 79712 | 79712 | (3796) | (3796) | (3796) | (3796) |  | 599 | 599 | 599 | 599 | 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  | 06/2026 | 06/2026 | 204 | 204 | 42319 | 42319 | 42319 | 42319 | (109) | (109) | (109) | (109) |  | 16 | 16 | 16 | 16 | 0 |
| 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 | 5380 | 5380 | 582007 | 582007 | 582007 | 582007 | (7172) | (7172) | (7172) | (7172) |  | 740 | 740 | 740 | 740 | (8) |
| 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 | 3197 | 3197 | 355017 | 355017 | 355017 | 355017 | (5621) | (5621) | (5621) | (5621) |  | 750 | 750 | 750 | 750 | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  | (17477) | (17477) | (17477) | $ | $ | 2704 | 2704 | 2704 | $ | (8) |
| **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** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Description |  | Expiration<br>Month | Expiration<br>Month | # of<br>Contracts | # of<br>Contracts | Notional<br>Amount | Notional<br>Amount | Notional<br>Amount | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) |  | Asset | Asset | Asset | Asset | Liability |
| Euro-Bund June Futures  | Euro-Bund June Futures  | Euro-Bund June Futures  | Euro-Bund June Futures  | 06/2026 | 06/2026 | 121 | 121 | (17537) | (17537) | (17537) | (17537) | $468 | 468 | 468 | 468 | $ | $0 | 0 | 0 | 0 | (127) |
| 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 | 39 | 39 | (4441) | (4441) | (4441) | (4441) | 121 | 121 | 121 | 121 |  | 0 | 0 | 0 | 0 | (15) |
| 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 | 227 | 227 | (26460) | (26460) | (26460) | (26460) | 888 | 888 | 888 | 888 |  | 0 | 0 | 0 | 0 | (50) |
|  |  |  |  |  |  |  |  |  |  |  |  | 1477 | 1477 | 1477 | $ | $ | 0 | 0 | 0 | $ | (192) |
| **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** | **(16000)** | **(16000)** | **(16000)** | **$** | **$** | **2704** | **2704** | **2704** | **$** | **(200)** |
| **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:** | **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> | **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 | 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> |  | Notional<br>Amount<sup>(3)</sup> | Notional<br>Amount<sup>(3)</sup> | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) |  | Market<br>Value<sup>(4)</sup> | Market<br>Value<sup>(4)</sup> | Market<br>Value<sup>(4)</sup> | Market<br>Value<sup>(4)</sup> | Asset | Asset | Liability |
| AT&T, Inc.  | AT&T, Inc.  | 12/20/2027 | 0.368 | 0.368 | $ | $3300 | 3300 | $37 | 37 | 37 | $ | (1) | (1) | $ | 36 | 36 | 36 | 36 | $1 | 1 | $0 |
| Boeing Co.  | Boeing Co.  | 12/20/2027 | 0.385 | 0.385 |  | 4400 | 4400 | (195) | (195) | (195) |  | 242 | 242 |  | 47 | 47 | 47 | 47 | 0 | 0 | 0 |
| Boeing Co.  | Boeing Co.  | 12/20/2029 | 0.587 | 0.587 |  | 600 | 600 | (11) | (11) | (11) |  | 20 | 20 |  | 9 | 9 | 9 | 9 | 0 | 0 | 0 |
| Boeing Co.  | Boeing Co.  | 12/20/2030 | 0.712 | 0.712 |  | 4100 | 4100 | 72 | 72 | 72 |  | (20) | (20) |  | 52 | 52 | 52 | 52 | 2 | 2 | 0 |
| Boeing Co.  | Boeing Co.  | 06/20/2031 | 0.773 | 0.773 |  | 17000 | 17000 | 223 | 223 | 223 |  | (36) | (36) |  | 187 | 187 | 187 | 187 | 14 | 14 | 0 |
| Deutsche Bank  | Deutsche Bank  | 12/20/2030 | 0.947 | 0.947 | EUR | 10800 | 10800 | 108 | 108 | 108 |  | (75) | (75) |  | 33 | 33 | 33 | 33 | 7 | 7 | 0 |
| General Electric Co.  | General Electric Co.  | 06/20/2026 | 0.051 | 0.051 | $ | $5300 | 5300 | 36 | 36 | 36 |  | (23) | (23) |  | 13 | 13 | 13 | 13 | 0 | 0 | 0 |
| Goldman Sachs Group, Inc.  | Goldman Sachs Group, Inc.  | 06/20/2026 | 0.312 | 0.312 |  | 7000 | 7000 | 44 | 44 | 44 |  | (31) | (31) |  | 13 | 13 | 13 | 13 | 0 | 0 | 0 |
| Oracle Corp.  | Oracle Corp.  | 06/20/2030 | 1.622 | 1.622 |  | 3900 | 3900 | 86 | 86 | 86 |  | (177) | (177) |  | (91) | (91) | (91) | (91) | 8 | 8 | 0 |

---

------

---

| | |
|:---|:---|
| &nbsp;&nbsp; Schedule of Investments PIMCO Total Return Portfolio (Cont.) | &nbsp;&nbsp;&nbsp; March 31, 2026 (Unaudited) |

---

---

| | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 4 | 6 | 13 | 15 | 19 | 22 | 24 | 32 | 34 | 35 | 66 | 68 | 100 | 115 | 128 | 149 | 182 | 194 | 210 | 225 |
| Verizon Communications, Inc.  | Verizon Communications, Inc.  | 1.000 | 1.000 | Quarterly | Quarterly | 06/20/2028 | 06/20/2028 | 06/20/2028 | 0.368 | 0.368 |  | 6700 | (24) |  | 117 |  | 93 | 2 |  | 0 |
| Verizon Communications, Inc.  | Verizon Communications, Inc.  | 1.000 | 1.000 | Quarterly | Quarterly | 12/20/2028 | 12/20/2028 | 12/20/2028 | 0.423 | 0.423 |  | 1700 | (4) |  | 30 |  | 26 | 0 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  | 372 | 372 | 46 | 46 | 418 | 34 | 34 | 0 |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Index/Tranches | Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount<sup>(3)</sup> | Notional<br>Amount<sup>(3)</sup> | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) |  | Market<br>Value<sup>(4)</sup> | Asset |  | Liability |
| CDX.IG-45 5-Year Index  | CDX.IG-45 5-Year Index  | CDX.IG-45 5-Year Index  | 1.000% | 1.000% | Quarterly | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 12/20/2030 | 18500 | 18500 | 328 | $ | 6 | $ | 334 | 36 | $ | 0 |
| CDX.iTraxx Crossover 44 5-Year Index  | CDX.iTraxx Crossover 44 5-Year Index  | CDX.iTraxx Crossover 44 5-Year Index  | 1.000 | 1.000 | Quarterly | Quarterly | Quarterly | 12/20/2030 | 12/20/2030 | 12/20/2030 | 6600 | 6600 | 126 |  | (12) |  | 114 | 8 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  | 454 | $ | (6) | $ | 448 | 44 | $ | 0 |
| **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 | Floating Rate Index | Floating Rate Index | Floating Rate Index | Floating Rate Index | Fixed Rate | Fixed Rate | Payment<br>Frequency | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Notional<br>Amount | 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 | Asset | Asset | Liability |
| Receive<sup>(5)</sup> | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 4.000% | 4.000% | Annual | Annual | Annual | 09/16/2036 | 48500 | 48500 | $1880 | 1880 | $658 | 658 | 2538 | $0 | 0 | $(194) |
| Receive<sup>(5)</sup> | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 4.500 | 4.500 | Annual | Annual | Annual | 09/16/2056 | 4610 | 4610 | 226 | 226 | 92 | 92 | 318 | 0 | 0 | (21) |
| Receive | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1-Day JPY-MUTKCALM Compounded-OIS | 1.250 | 1.250 | Annual | Annual | Annual | 06/18/2032 | 9440000 | 9440000 | 1635 | 1635 | 150 | 150 | 1785 | 0 | 0 | (142) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.655 | 3.655 | Annual | Annual | Annual | 05/31/2028 | $47480 | 47480 | 0 | 0 | 137 | 137 | 137 | 0 | 0 | (21) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.807 | 3.807 | Annual | Annual | Annual | 05/31/2028 | 25600 | 25600 | 0 | 0 | (40) | (40) | (40) | 0 | 0 | (12) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | 3.750 | Annual | Annual | Annual | 12/18/2029 | 70530 | 70530 | (1307) | (1307) | 884 | 884 | (423) | 0 | 0 | (66) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.842 | 3.842 | Annual | Annual | Annual | 03/04/2030 | 6100 | 6100 | (12) | (12) | (46) | (46) | (58) | 0 | 0 | (6) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.250 | 3.250 | Annual | Annual | Annual | 06/18/2030 | 56100 | 56100 | 803 | 803 | 315 | 315 | 1118 | 0 | 0 | (55) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.585 | 3.585 | Annual | Annual | Annual | 10/31/2030 | 58120 | 58120 | 0 | 0 | 102 | 102 | 102 | 0 | 0 | (59) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.664 | 3.664 | Annual | Annual | Annual | 10/31/2030 | 27500 | 27500 | 0 | 0 | (52) | (52) | (52) | 0 | 0 | (28) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.689 | 3.689 | Annual | Annual | Annual | 10/31/2030 | 91500 | 91500 | 0 | 0 | (279) | (279) | (279) | 0 | 0 | (94) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.722 | 3.722 | Annual | Annual | Annual | 10/31/2030 | 3200 | 3200 | 0 | 0 | (15) | (15) | (15) | 0 | 0 | (3) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.727 | 3.727 | Annual | Annual | Annual | 10/31/2030 | 7400 | 7400 | 0 | 0 | (35) | (35) | (35) | 0 | 0 | (8) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.732 | 3.732 | Annual | Annual | Annual | 10/31/2030 | 6300 | 6300 | 0 | 0 | (32) | (32) | (32) | 0 | 0 | (6) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.739 | 3.739 | Annual | Annual | Annual | 10/31/2030 | 9400 | 9400 | 0 | 0 | (50) | (50) | (50) | 0 | 0 | (10) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.500 | 3.500 | Annual | Annual | Annual | 03/18/2031 | 29000 | 29000 | (89) | (89) | 249 | 249 | 160 | 0 | 0 | (31) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | 3.750 | Annual | Annual | Annual | 05/15/2032 | 20676 | 20676 | (28) | (28) | (32) | (32) | (60) | 0 | 0 | (24) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.717 | 3.717 | Annual | Annual | Annual | 08/15/2033 | 16930 | 16930 | 0 | 0 | 56 | 56 | 56 | 0 | 0 | (19) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.899 | 3.899 | Annual | Annual | Annual | 03/11/2035 | 3600 | 3600 | (12) | (12) | (11) | (11) | (23) | 0 | 0 | (3) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.975 | 3.975 | Annual | Annual | Annual | 03/21/2035 | 4100 | 4100 | (12) | (12) | (37) | (37) | (49) | 0 | 0 | (4) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.930 | 3.930 | Annual | Annual | Annual | 03/24/2035 | 6900 | 6900 | (20) | (20) | (39) | (39) | (59) | 0 | 0 | (7) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.884 | 3.884 | Annual | Annual | Annual | 03/25/2035 | 580 | 580 | (2) | (2) | (1) | (1) | (3) | 0 | 0 | (1) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.836 | 3.836 | Annual | Annual | Annual | 05/02/2035 | 16100 | 16100 | (115) | (115) | 144 | 144 | 29 | 0 | 0 | (15) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.640 | 3.640 | Annual | Annual | Annual | 08/15/2035 | 5300 | 5300 | 11 | 11 | 70 | 70 | 81 | 0 | 0 | (5) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.700 | 3.700 | Annual | Annual | Annual | 08/15/2035 | 5300 | 5300 | (5) | (5) | 61 | 61 | 56 | 0 | 0 | (5) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.715 | 3.715 | Annual | Annual | Annual | 08/15/2035 | 8974 | 8974 | 23 | 23 | 62 | 62 | 85 | 0 | 0 | (8) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.551 | 3.551 | Annual | Annual | Annual | 09/17/2035 | 3100 | 3100 | (9) | (9) | 87 | 87 | 78 | 0 | 0 | (3) |
| Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.748 | 3.748 | Annual | Annual | Annual | 03/03/2036 | 6000 | 6000 | (12) | (12) | 69 | 69 | 57 | 0 | 0 | (5) |

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------

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| | |
|:---|:---|
| &nbsp;&nbsp; Schedule of Investments PIMCO Total Return Portfolio (Cont.) | &nbsp;&nbsp;&nbsp; March 31, 2026 (Unaudited) |

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---

| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 3 | 4 | 16 | 24 | 35 | 66 | 98 | 100 | 126 | 128 | 156 | 158 | 192 | 194 | 223 | 225 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.775 | Annual | 03/03/2036 | 6000 |  | (12) |  | 55 |  | 43 |  | 0 |  | (5) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 4.000 | Annual | 03/18/2036 | 7700 |  | (228) |  | 141 |  | (87) |  | 0 |  | (6) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1.750 | Annual | 12/21/2052 | 69290 |  | 14008 |  | 13521 |  | 27529 |  | 199 |  | 0 |
| Receive<sup>(5)</sup> | Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 4.083 | Annual | 11/15/2053 | 1800 |  | 0 |  | 23 |  | 23 |  | 6 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 06/20/2054 | 112375 |  | 3182 |  | 9532 |  | 12714 |  | 401 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.500 | Annual | 12/18/2054 | 8680 |  | 133 |  | 817 |  | 950 |  | 32 |  | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 3.250 | Annual | 06/18/2055 | 31300 |  | 2919 |  | 2029 |  | 4948 |  | 115 |  | 0 |
| Receive<sup>(5)</sup> | Receive<sup>(5)</sup> | 1-Day USD-SOFR Compounded-OIS | 4.000 | Annual | 06/17/2056 | 27700 |  | 454 |  | 196 |  | 650 |  | 106 |  | 0 |
| Pay | Pay | 1-Year BRL-CDI | 11.496 | Maturity | 01/04/2027 | 54600 |  | 0 |  | (447) |  | (447) |  | 15 |  | 0 |
| Pay | Pay | 1-Year BRL-CDI | 11.548 | Maturity | 01/04/2027 | 218600 |  | 0 |  | (1741) |  | (1741) |  | 59 |  | 0 |
| Pay | Pay | 1-Year BRL-CDI | 13.926 | Maturity | 01/04/2027 | 16700 |  | 0 |  | (24) |  | (24) |  | 5 |  | 0 |
| Pay | Pay | 1-Year BRL-CDI | 13.927 | Maturity | 01/04/2027 | 162000 |  | 1 |  | (235) |  | (234) |  | 44 |  | 0 |
| Pay | Pay | 1-Year BRL-CDI | 14.009 | Maturity | 01/04/2027 | 10700 |  | 0 |  | (13) |  | (13) |  | 3 |  | 0 |
| Receive | Receive | 1-Year BRL-CDI | 13.000 | Maturity | 01/02/2029 | 39500 |  | 0 |  | 146 |  | 146 |  | 0 |  | (46) |
| Receive | Receive | 1-Year BRL-CDI | 13.017 | Maturity | 01/02/2029 | 162900 |  | 0 |  | 593 |  | 593 |  | 0 |  | (189) |
| Pay | Pay | 1-Year BRL-CDI | 13.291 | Maturity | 01/02/2029 | 89200 |  | (1) |  | (264) |  | (265) |  | 103 |  | 0 |
| Pay | Pay | 1-Year BRL-CDI | 13.320 | Maturity | 01/02/2029 | 9400 |  | 0 |  | (27) |  | (27) |  | 11 |  | 0 |
| Pay | Pay | 1-Year BRL-CDI | 13.354 | Maturity | 01/02/2029 | 12900 |  | 0 |  | (34) |  | (34) |  | 15 |  | 0 |
| Pay | Pay | 1-Year BRL-CDI | 13.400 | Maturity | 01/02/2029 | 118900 |  | (3) |  | (256) |  | (259) |  | 138 |  | 0 |
| Pay | Pay | 1-Year BRL-CDI | 13.657 | Maturity | 01/02/2031 | 69500 |  | (27) |  | 25 |  | (2) |  | 93 |  | 0 |
| Pay | Pay | 1-Year BRL-CDI | 13.681 | Maturity | 01/02/2031 | 20600 |  | (16) |  | 18 |  | 2 |  | 27 |  | 0 |
| Pay | Pay | 1-Year BRL-CDI | 13.725 | Maturity | 01/02/2031 | 650 |  | 0 |  | 0 |  | 0 |  | 1 |  | 0 |
| Pay | Pay | 1-Year BRL-CDI | 13.899 | Maturity | 01/02/2031 | 5400 |  | 0 |  | 6 |  | 6 |  | 7 |  | 0 |
| Pay | Pay | 1-Year BRL-CDI | 14.067 | Maturity | 01/02/2031 | 44000 |  | 0 |  | 84 |  | 84 |  | 58 |  | 0 |
| Pay | Pay | 3-Month NZD-BBR | 3.750 | Semi-Annual | 06/15/2027 | 49600 |  | (636) |  | 1152 |  | 516 |  | 21 |  | 0 |
| Pay | Pay | 3-Month NZD-BBR | 4.250 | Semi-Annual | 12/21/2027 | 3900 |  | 3 |  | 55 |  | 58 |  | 3 |  | 0 |
| Pay | Pay | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | 09/20/2033 | 26500 |  | (326) |  | (231) |  | (557) |  | 198 |  | 0 |
| Pay<sup>(5)</sup> | Pay<sup>(5)</sup> | 6-Month AUD-BBR-BBSW | 4.750 | Semi-Annual | 12/20/2033 | 100 |  | (1) |  | 0 |  | (1) |  | 0 |  | 0 |
| Pay | Pay | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | 03/20/2034 | 13900 |  | (397) |  | 78 |  | (319) |  | 109 |  | 0 |
| Pay | Pay | 6-Month AUD-BBR-BBSW | 4.500 | Semi-Annual | 09/18/2034 | 24000 |  | 110 |  | (702) |  | (592) |  | 198 |  | 0 |
| Pay | Pay | 6-Month AUD-BBR-BBSW | 4.000 | Semi-Annual | 03/19/2035 | 15500 |  | (17) |  | (787) |  | (804) |  | 131 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 0.650 | Annual | 04/12/2027 | 32000 |  | (174) |  | (741) |  | (915) |  | 15 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 1.000 | Annual | 05/13/2027 | 27400 |  | (101) |  | (484) |  | (585) |  | 13 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 1.000 | Annual | 05/18/2027 | 10900 |  | (515) |  | 280 |  | (235) |  | 6 |  | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 2.050 | Annual | 10/05/2029 | 3500 |  | 0 |  | 70 |  | 70 |  | 0 |  | (11) |
| Receive | Receive | 6-Month EUR-EURIBOR | 2.056 | Annual | 10/05/2029 | 4000 |  | 0 |  | 79 |  | 79 |  | 0 |  | (13) |
| Receive | Receive | 6-Month EUR-EURIBOR | 2.400 | Annual | 04/09/2030 | 3700 |  | (8) |  | 26 |  | 18 |  | 0 |  | (14) |
| Pay | Pay | 6-Month EUR-EURIBOR | 2.410 | Annual | 11/05/2034 | 2700 |  | (7) |  | (134) |  | (141) |  | 20 |  | 0 |
| Pay | Pay | 6-Month EUR-EURIBOR | 2.460 | Annual | 03/13/2035 | 1600 |  | (4) |  | (77) |  | (81) |  | 12 |  | 0 |
| Pay<sup>(5)</sup> | Pay<sup>(5)</sup> | 6-Month EUR-EURIBOR | 2.750 | Annual | 09/16/2036 | 21700 |  | (116) |  | (673) |  | (789) |  | 192 |  | 0 |
| Receive<sup>(5)</sup> | Receive<sup>(5)</sup> | 6-Month EUR-EURIBOR | 3.000 | Annual | 09/16/2056 | 21190 |  | 397 |  | 137 |  | 534 |  | 0 |  | (236) |
| Pay | Pay | 28-Day MXN-TIIE | 7.750 | Lunar | 04/01/2030 | 64600 |  | 3 |  | (36) |  | (33) |  | 12 |  | 0 |
| Receive | Receive | CAONREPO | 3.500 | Semi-Annual | 06/01/2032 | 46600 |  | (413) |  | (714) |  | (1127) |  | 0 |  | (83) |
| Receive | Receive | CAONREPO | 3.000 | Semi-Annual | 06/01/2033 | 4800 |  | 17 |  | (16) |  | 1 |  | 0 |  | (9) |
| Receive | Receive | CAONREPO | 2.740 | Semi-Annual | 06/01/2034 | 3400 |  | 0 |  | 61 |  | 61 |  | 0 |  | (6) |
| Receive | Receive | CAONREPO | 3.000 | Semi-Annual | 06/01/2034 | 24600 |  | 25 |  | 71 |  | 96 |  | 0 |  | (46) |
| Pay | Pay | CDX.IG-46 5-Year Index | 1.000 | Quarterly | 06/20/2031 | $22025 |  | 372 |  | 16 |  | 388 |  | 48 |  | 0 |
|  |  |  |  |  |  |  | $21577 | 21577 | $24042 | 24042 | $45619 | 45619 | $2416 | 2416 | $(1519) | (1519) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | $**22403** | **22403** | $**24082** | **24082** | $**46485** | **46485** | $**2494** | **2494** | $**(1519)** | **(1519)** |
| **(l)** | **Securities with an aggregate market value of $77,761 and cash of $14,475 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 $77,761 and cash of $14,475 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 $77,761 and cash of $14,475 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 $77,761 and cash of $14,475 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 $77,761 and cash of $14,475 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 $77,761 and cash of $14,475 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 $77,761 and cash of $14,475 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 $77,761 and cash of $14,475 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 $77,761 and cash of $14,475 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 $77,761 and cash of $14,475 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 $77,761 and cash of $14,475 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 $77,761 and cash of $14,475 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 $77,761 and cash of $14,475 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 $77,761 and cash of $14,475 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 $77,761 and cash of $14,475 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 $77,761 and cash of $14,475 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. |
| <sup>(2)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |

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|:---|:---|
| &nbsp;&nbsp; Schedule of Investments PIMCO Total Return Portfolio (Cont.) | &nbsp;&nbsp;&nbsp; March 31, 2026 (Unaudited) |

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 3 | 14 | 51 | 104 | 141 | 155 | 208 |
| <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. |
| **(m)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **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  | 95343 | $69604 | 69604 | $1063 | $0 |
|  |  | 04/2026  | 45 | 36 | 36 | 1 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | 04/2026  | 8838 | 1689 | 1689 | 0 | (18) |
|  |  | 04/2026  | 7903 | 1146 | 1146 | 0 | (2) |
|  |  | 04/2026  | 1201 | 1399 | 1399 | 11 | 0 |
|  |  | 04/2026  | 235246 | 2505 | 2505 | 21 | 0 |
|  |  | 04/2026  | 714541 | 488 | 488 | 13 | 0 |
|  |  | 04/2026  | 6222 | 1682 | 1682 | 6 | 0 |
|  |  | 04/2026  | 10652 | 8333 | 8333 | 49 | 0 |
|  |  | 04/2026  | $1691 | 8838 | 8838 | 15 | 0 |
|  |  | 04/2026  | 12 | 17 | 17 | 0 | 0 |
|  |  | 04/2026  | 400 | 2757 | 2757 | 0 | 0 |
|  |  | 04/2026  | 3985 | 372201 | 372201 | 3 | (38) |
|  |  | 04/2026  | 381 | 7028 | 7028 | 11 | 0 |
|  |  | 04/2026  | 5216 | 19266 | 19266 | 0 | (26) |
|  |  | 04/2026  | 495811 | $28842 | 28842 | 0 | (419) |
|  |  | 06/2026  | 9075 | 2937 | 2937 | 45 | 0 |
|  |  | 06/2026  | 40414 | 2255 | 2255 | 14 | 0 |
|  |  | 06/2026  | $1689 | 8956 | 8956 | 18 | 0 |
|  |  | 06/2026  | 572 | 1785 | 1785 | 0 | (3) |
|  |  | 07/2026  | 18759 | $5553 | 5553 | 190 | 0 |
|  |  | 10/2026  | 2900 | 531 | 531 | 0 | (6) |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | 04/2026  | 1528 | 1087 | 1087 | 33 | 0 |
|  |  | 04/2026  | 67365 | 12642 | 12642 | 0 | (364) |
|  |  | 04/2026  | 2692 | 391 | 391 | 1 | 0 |
|  |  | 04/2026  | 8888 | 2879 | 2879 | 51 | 0 |
|  |  | 04/2026  | 760646 | 8083 | 8083 | 23 | 0 |
|  |  | 04/2026  | 3540402 | 2369 | 2369 | 18 | (3) |
|  |  | 04/2026  | 2412 | 648 | 648 | 0 | (2) |
|  |  | 04/2026  | 305093 | 9456 | 9456 | 198 | (4) |
|  |  | 04/2026  | $4911 | 6994 | 6994 | 0 | (86) |
|  |  | 04/2026  | 12762 | 67365 | 67365 | 243 | 0 |
|  |  | 04/2026  | 15209 | 257388045 | 257388045 | 1 | (47) |
|  |  | 04/2026  | 2121 | 6717 | 6717 | 16 | 0 |
|  |  | 04/2026  | 16403 | 1529404 | 1529404 | 36 | (198) |
|  |  | 04/2026  | 1611 | 2405908 | 2405908 | 3 | (14) |
|  |  | 04/2026  | 4472 | 16123 | 16123 | 0 | (129) |
|  |  | 04/2026  | 1 | 44 | 44 | 0 | 0 |
|  |  | 04/2026  | 7564 | 241752 | 241752 | 1 | (19) |
|  |  | 04/2026  | 48073 | $2839 | 2839 | 2 | 0 |
|  |  | 05/2026  | 6710 | 2121 | 2121 | 0 | (16) |
|  |  | 05/2026  | 606719 | 6412 | 6412 | 0 | (26) |
|  |  | 05/2026  | 139397 | 4326 | 4326 | 0 | (19) |
|  |  | 05/2026  | $2510 | 13175 | 13175 | 18 | 0 |
|  |  | 05/2026  | 3215 | 54718463 | 54718463 | 8 | 0 |
|  |  | 05/2026  | 642 | 21076 | 21076 | 0 | (1) |
|  |  | 06/2026  | 12042676 | $716 | 716 | 8 | 0 |
|  |  | 06/2026  | $1031 | 17380136 | 17380136 | 0 | (10) |
|  |  | 07/2026  | 8100 | $1505 | 1505 | 0 | (27) |
|  |  | 10/2026  | 19800 | 3612 | 3612 | 0 | (53) |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | &nbsp;&nbsp;&nbsp;&nbsp; BRC | 04/2026  | 126 | 91 | 91 | 0 | 0 |
|  |  | 04/2026  | 99249 | 134233 | 134233 | 2867 | 0 |
|  |  | 04/2026  | 1028864 | 22428 | 22428 | 0 | (298) |
|  |  | 04/2026  | $1515 | 5452 | 5452 | 0 | (47) |
|  |  | 04/2026  | 31682 | 1450281 | 1450281 | 332 | 0 |
|  |  | 04/2026  | 67191 | $4106 | 4106 | 140 | 0 |
|  |  | 05/2026  | 224761 | 4824 | 4824 | 0 | (27) |
|  |  | 05/2026  | $91 | 126 | 126 | 0 | 0 |
|  |  | 05/2026  | 19 | 15 | 15 | 0 | 0 |
|  |  | 05/2026  | 3341 | 154943 | 154943 | 2 | 0 |
|  |  | 06/2026  | 124 | $40 | 40 | 1 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | &nbsp;&nbsp;&nbsp;&nbsp; BSH | 04/2026  | 40200 | 7229 | 7229 | 0 | (532) |
|  |  | 04/2026  | $7741 | 40200 | 40200 | 20 | 0 |
|  |  | 04/2026  | 128940 | 96860 | 96860 | 0 | (736) |
|  |  | 04/2026  | 6411 | 1023474 | 1023474 | 38 | 0 |
|  |  | 04/2026  | 23993 | 41561 | 41561 | 0 | (110) |
|  |  | 04/2026  | 8478 | 30666 | 30666 | 0 | (218) |
|  |  | 05/2026  | 96860 | $128935 | 128935 | 736 | 0 |
|  |  | 05/2026  | 1020390 | 6411 | 6411 | 0 | (38) |

---

------

---

| | |
|:---|:---|
| &nbsp;&nbsp; Schedule of Investments PIMCO Total Return Portfolio (Cont.) | &nbsp;&nbsp;&nbsp; March 31, 2026 (Unaudited) |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| 0 | 14 | 51 | 104 | 155 | 208 |
|  | 05/2026  | 41561 | 24020 | 112 | 0 |
|  | 08/2026  | 4839 | 1428 | 46 | 0 |
|  | 10/2026  | 42800 | 7900 | 0 | (21) |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | 04/2026  | 9789 | 6881 | 127 | 0 |
|  | 04/2026  | 2686 | 389 | 0 | (1) |
|  | 04/2026  | 11923 | 13809 | 45 | (18) |
|  | 04/2026  | 3471 | 4652 | 57 | 0 |
|  | 04/2026  | 1795424 | 19211 | 250 | 0 |
|  | 04/2026  | 11340 | 1168 | 1 | (4) |
|  | 04/2026  | 8920 | 956 | 14 | 0 |
|  | 04/2026  | 226 | 7 | 0 | 0 |
|  | 04/2026  | 10302 | 323 | 1 | 0 |
|  | 04/2026  | $1212 | 8352 | 1 | 0 |
|  | 04/2026  | 5600 | 4195 | 0 | (48) |
|  | 04/2026  | 46182 | 4256926 | 39 | (1120) |
|  | 04/2026  | 3592 | $211 | 0 | (1) |
|  | 05/2026  | 22 | 0 | 0 | 0 |
|  | 06/2026  | 18832 | 6109 | 107 | 0 |
|  | 06/2026  | $712 | 11959337 | 0 | (9) |
|  | 06/2026  | 11499 | 205595 | 0 | (92) |
|  | 07/2026  | 9050 | $2673 | 84 | 0 |
|  | 09/2026  | $779 | 13936 | 0 | (13) |
|  | 10/2026  | 55902 | $16472 | 565 | 0 |
|  | 01/2027  | 17756 | 5210 | 182 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; CIB | 04/2026  | 1000 | 58 | 0 | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | 04/2026  | 1444 | 211 | 1 | 0 |
|  | 04/2026  | 17933 | 5793 | 88 | 0 |
|  | 04/2026  | 717623 | 7619 | 50 | (10) |
|  | 04/2026  | $46690 | 68061 | 269 | 0 |
|  | 04/2026  | 97 | 671 | 0 | 0 |
|  | 04/2026  | 8364 | 788323 | 55 | (40) |
|  | 04/2026  | 57681 | 73681 | 0 | (372) |
|  | 04/2026  | 2841 | 92786 | 0 | (24) |
|  | 05/2026  | 68061 | $46672 | 0 | (269) |
|  | 05/2026  | 669 | 97 | 0 | 0 |
|  | 05/2026  | 73516 | 57681 | 369 | 0 |
|  | 06/2026  | 92597 | 2841 | 16 | 0 |
|  | 06/2026  | 15440 | 485 | 5 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | 04/2026  | 23784 | 16856 | 446 | 0 |
|  | 04/2026  | 7378 | 9560 | 333 | 0 |
|  | 04/2026  | 470528 | 3011 | 47 | 0 |
|  | 04/2026  | 8 | 6 | 0 | 0 |
|  | 04/2026  | $7985 | 1274319 | 45 | 0 |
|  | 04/2026  | 1683 | 6073 | 0 | (47) |
|  | 04/2026  | 311 | 398 | 0 | (2) |
|  | 05/2026  | 11159 | $3526 | 0 | (28) |
|  | 05/2026  | 1270469 | 7984 | 0 | (45) |
|  | 05/2026  | 397 | 311 | 2 | 0 |
|  | 06/2026  | 6459 | 2095 | 37 | 0 |
|  | 06/2026  | $2800 | 48772 | 0 | (95) |
|  | 08/2026  | 19000 | $5620 | 194 | 0 |
|  | 09/2026  | $632 | 11166 | 0 | (18) |
| &nbsp;&nbsp;&nbsp;&nbsp; GLM | 04/2026  | 362094 | $68089 | 0 | (1815) |
|  | 04/2026  | 8758 | 2817 | 30 | 0 |
|  | 04/2026  | 24493 | 269 | 10 | 0 |
|  | 04/2026  | 32733 | 1005 | 11 | 0 |
|  | 04/2026  | $67747 | 362094 | 2158 | 0 |
|  | 04/2026  | 1090 | 7485 | 0 | (3) |
|  | 04/2026  | 374 | 6316196 | 0 | (2) |
|  | 04/2026  | 3235 | 59658 | 91 | 0 |
|  | 04/2026  | 2588 | 84670 | 0 | (19) |
|  | 04/2026  | 2 | 72 | 0 | 0 |
|  | 06/2026  | 15781294 | $936 | 8 | 0 |
|  | 06/2026  | 8038 | 451 | 5 | 0 |
|  | 06/2026  | 51844 | 1583 | 1 | 0 |
|  | 06/2026  | $46822 | 248921 | 605 | 0 |
|  | 06/2026  | 2347 | 39681034 | 0 | (14) |
|  | 06/2026  | 5259 | 91618 | 0 | (179) |
|  | 07/2026  | 27700 | $5142 | 0 | (98) |
|  | 07/2026  | $10284 | 55259 | 168 | 0 |
|  | 08/2026  | 30278 | $8981 | 334 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; IND | 04/2026  | 152748 | 180363 | 3809 | 0 |
|  | 04/2026  | $2220 | 14424 | 11 | 0 |
|  | 05/2026  | 14401 | $2220 | 0 | (11) |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | 04/2026  | 12900 | 2472 | 0 | (19) |
|  | 04/2026  | 6881 | 5042 | 96 | 0 |
|  | 04/2026  | 5246 | 760 | 0 | (2) |
|  | 04/2026  | 372243 | 3959 | 28 | 0 |
|  | 04/2026  | 1394023 | 921 | 0 | (6) |
|  | 04/2026  | 12784 | 3476 | 39 | (6) |
|  | 04/2026  | 63370 | 50284 | 996 | 0 |
|  | 04/2026  | $2442 | 12900 | 48 | 0 |
|  | 04/2026  | 102 | 706 | 1 | 0 |
|  | 04/2026  | 9433 | 8037 | 0 | (144) |
|  | 04/2026  | 3959 | 372880 | 9 | 0 |
|  | 04/2026  | 922 | 1394226 | 6 | 0 |

---

------

---

| | |
|:---|:---|
| &nbsp;&nbsp; Schedule of Investments PIMCO Total Return Portfolio (Cont.) | &nbsp;&nbsp;&nbsp; March 31, 2026 (Unaudited) |

---

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 8 | 14 | 29 | 51 | 85 | 93 | 139 | 154 | 197 | 207 | 214 |
|  |  | 04/2026  | 04/2026  | 1205 | 1205 | MXN | 22204 |  | 33 |  | 0 |
|  |  | 04/2026  | 04/2026  | 1008 | 1008 | NZD | 1729 |  | 0 |  | (14) |
|  |  | 04/2026  | 04/2026  | 27291 | 27291 | ZAR | 466131 |  | 219 |  | 0 |
|  |  | 04/2026  | 04/2026  | 258859 | 258859 | $ | 15445 |  | 173 |  | (5) |
|  |  | 05/2026  | 05/2026  | 1651 | 1651 |  | 1132 |  | 0 |  | (7) |
|  |  | 05/2026  | 05/2026  | 704 | 704 |  | 102 |  | 0 |  | (1) |
|  |  | 05/2026  | 05/2026  | 11227 | 11227 |  | 71 |  | 0 |  | 0 |
|  |  | 05/2026  | 05/2026  | $28264 | 28264 | MXN | 506640 |  | 0 |  | (104) |
|  |  | 06/2026  | 06/2026  | 5538 | 5538 | $ | 1793 |  | 27 |  | 0 |
|  |  | 06/2026  | 06/2026  | 44712 | 44712 |  | 2492 |  | 13 |  | 0 |
|  |  | 06/2026  | 06/2026  | $16 | 16 | IDR | 269577 |  | 0 |  | 0 |
|  |  | 06/2026  | 06/2026  | 537 | 537 | ILS | 1669 |  | 0 |  | (5) |
|  |  | 07/2026  | 07/2026  | 8000 | 8000 | $ | 1479 |  | 0 |  | (35) |
|  |  | 10/2026  | 10/2026  | 5500 | 5500 |  | 1001 |  | 0 |  | (17) |
| &nbsp;&nbsp;&nbsp;&nbsp; MBC | &nbsp;&nbsp;&nbsp;&nbsp; MBC | 04/2026  | 04/2026  | 4383 | 4383 |  | 3081 |  | 56 |  | 0 |
|  |  | 04/2026  | 04/2026  | 1385 | 1385 |  | 1759 |  | 27 |  | 0 |
|  |  | 04/2026  | 04/2026  | 14431 | 14431 |  | 2281 |  | 49 |  | 0 |
|  |  | 04/2026  | 04/2026  | 22556803 | 22556803 |  | 1327 |  | 0 |  | (2) |
|  |  | 04/2026  | 04/2026  | 518371 | 518371 |  | 3334 |  | 68 |  | 0 |
|  |  | 04/2026  | 04/2026  | 3318 | 3318 |  | 341 |  | 0 |  | (2) |
|  |  | 04/2026  | 04/2026  | 8781 | 8781 |  | 5164 |  | 118 |  | 0 |
|  |  | 04/2026  | 04/2026  | 15375 | 15375 |  | 1639 |  | 15 |  | 0 |
|  |  | 04/2026  | 04/2026  | 62654 | 62654 |  | 1962 |  | 59 |  | 0 |
|  |  | 04/2026  | 04/2026  | $1930 | 1930 | AUD | 2785 |  | 0 |  | (9) |
|  |  | 04/2026  | 04/2026  | 2563 | 2563 | CHF | 2016 |  | 0 |  | (42) |
|  |  | 04/2026  | 04/2026  | 1215 | 1215 | GBP | 910 |  | 0 |  | (11) |
|  |  | 04/2026  | 04/2026  | 5290 | 5290 | JPY | 843907 |  | 27 |  | 0 |
|  |  | 04/2026  | 04/2026  | 3741 | 3741 | KRW | 5475148 |  | 0 |  | (100) |
|  |  | 04/2026  | 04/2026  | 970 | 970 | MXN | 17906 |  | 28 |  | 0 |
|  |  | 04/2026  | 04/2026  | 1399 | 1399 | NOK | 13341 |  | 0 |  | (21) |
|  |  | 05/2026  | 05/2026  | 558 | 558 | $ | 739 |  | 0 |  | 0 |
|  |  | 05/2026  | 05/2026  | 566194 | 566194 |  | 3553 |  | 0 |  | (25) |
|  |  | 05/2026  | 05/2026  | $130 | 130 | NOK | 1273 |  | 1 |  | 0 |
|  |  | 06/2026  | 06/2026  | 5182 | 5182 | $ | 287 |  | 0 |  | 0 |
|  |  | 06/2026  | 06/2026  | $1327 | 1327 | IDR | 22610139 |  | 2 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MYI | &nbsp;&nbsp;&nbsp;&nbsp; MYI | 04/2026  | 04/2026  | 1063 | 1063 | $ | 300 |  | 14 |  | 0 |
|  |  | 06/2026  | 06/2026  | 231425 | 231425 |  | 14 |  | 0 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; NGF | &nbsp;&nbsp;&nbsp;&nbsp; NGF | 04/2026  | 04/2026  | $137 | 137 | NOK | 1318 |  | 0 |  | (1) |
|  |  | 04/2026  | 04/2026  | 14289 | 14289 | TRY | 653757 |  | 164 |  | 0 |
|  |  | 05/2026  | 05/2026  | 655 | 655 |  | 30247 |  | 0 |  | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | &nbsp;&nbsp;&nbsp;&nbsp; SCX | 04/2026  | 04/2026  | 370052 | 370052 | $ | 2372 |  | 40 |  | 0 |
|  |  | 04/2026  | 04/2026  | 34509 | 34509 |  | 20632 |  | 801 |  | 0 |
|  |  | 04/2026  | 04/2026  | 5 | 5 |  | 4 |  | 0 |  | 0 |
|  |  | 04/2026  | 04/2026  | 7872 | 7872 |  | 247 |  | 8 |  | 0 |
|  |  | 04/2026  | 04/2026  | $73913 | 73913 | CAD | 102333 |  | 0 |  | (347) |
|  |  | 04/2026  | 04/2026  | 1011 | 1011 | GBP | 755 |  | 0 |  | (11) |
|  |  | 04/2026  | 04/2026  | 4713 | 4713 | INR | 429273 |  | 0 |  | (180) |
|  |  | 04/2026  | 04/2026  | 1574 | 1574 | JPY | 249400 |  | 0 |  | (2) |
|  |  | 04/2026  | 04/2026  | 1167 | 1167 | PLN | 4224 |  | 0 |  | (30) |
|  |  | 05/2026  | 05/2026  | 102192 | 102192 | $ | 73913 |  | 345 |  | 0 |
|  |  | 06/2026  | 06/2026  | $2813 | 2813 | IDR | 47425738 |  | 0 |  | (25) |
|  |  | 07/2026  | 07/2026  | 5684 | 5684 | KRW | 8129712 |  | 0 |  | (263) |
|  |  | 11/2026  | 11/2026  | 88963 | 88963 | $ | 55 |  | 0 |  | (4) |
| &nbsp;&nbsp;&nbsp;&nbsp; SOG | &nbsp;&nbsp;&nbsp;&nbsp; SOG | 04/2026  | 04/2026  | 8104 | 8104 |  | 9589 |  | 222 |  | 0 |
|  |  | 04/2026  | 04/2026  | 2041066 | 2041066 |  | 13118 |  | 257 |  | 0 |
|  |  | 04/2026  | 04/2026  | $8436 | 8436 | CHF | 6762 |  | 21 |  | 0 |
|  |  | 04/2026  | 04/2026  | 191494 | 191494 | EUR | 165939 |  | 307 |  | 0 |
|  |  | 04/2026  | 04/2026  | 354 | 354 | SEK | 3386 |  | 3 |  | 0 |
|  |  | 05/2026  | 05/2026  | 6739 | 6739 | $ | 8436 |  | 0 |  | (21) |
|  |  | 05/2026  | 05/2026  | 165939 | 165939 |  | 191793 |  | 0 |  | (300) |
|  |  | 05/2026  | 05/2026  | 3381 | 3381 |  | 354 |  | 0 |  | (3) |
|  |  | 06/2026  | 06/2026  | 4688 | 4688 |  | 1519 |  | 25 |  | 0 |
|  |  | 06/2026  | 06/2026  | 22704 | 22704 |  | 6643 |  | 144 |  | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp;&nbsp; SSB | 04/2026  | 04/2026  | 38356 | 38356 |  | 27295 |  | 831 |  | 0 |
|  |  | 04/2026  | 04/2026  | 2392 | 2392 |  | 15 |  | 0 |  | 0 |
|  |  | 04/2026  | 04/2026  | $2300 | 2300 | SEK | 20915 |  | 0 |  | (90) |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | 04/2026  | 04/2026  | 6158 | 6158 | $ | 1674 |  | 15 |  | 0 |
|  |  | 04/2026  | 04/2026  | $6977 | 6977 | PLN | 25220 |  | 0 |  | (184) |
|  |  | 06/2026  | 06/2026  | 7530 | 7530 | $ | 2436 |  | 36 |  | 0 |
|  |  | 06/2026  | 06/2026  | 6608 | 6608 |  | 368 |  | 2 |  | 0 |
|  |  | 06/2026  | 06/2026  | $4176 | 4176 | MXN | 72880 |  | 0 |  | (134) |
| **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** | $**22458** | **$** | $**(10128)** | **(10128)** |
| **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** |
| 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> | Cost |  | Market<br>Value |
| CBK | Call - OTC 1-Year Interest Rate Swap  | Call - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.500% | 3.500% | 163400 | 163400 | 360 | $ | $237 |
| DUB | Call - OTC 1-Year Interest Rate Swap  | Call - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | 3.500 | 3.500 | 170000 | 170000 | 334 |  | 259 |

---

------

---

| | |
|:---|:---|
| &nbsp;&nbsp; Schedule of Investments PIMCO Total Return Portfolio (Cont.) | &nbsp;&nbsp;&nbsp; March 31, 2026 (Unaudited) |

---

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 8 | 29 | 62 | 73 | 84 | 85 | 96 | 107 | 111 | 139 | 170 | 214 |
| NGF | Call - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.500 | 3.500 | 07/27/2026 | 07/27/2026 | 202000 | 377 | 324 |
| **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** | $**1071** | $**820** |
| **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 | Buy/Sell<br>Protection | Buy/Sell<br>Protection | Buy/Sell<br>Protection | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Market<br>Value |
| BOA | Put - OTC iTraxx Europe 44 5-Year  | Put - OTC iTraxx Europe 44 5-Year  | Sell | Sell | Sell | 1.050% | 1.050% | 05/20/2026 | 05/20/2026 | 6000 | $(10) | $(7) |
| GST | Put - OTC CDX.IG-45 5-Year Index  | Put - OTC CDX.IG-45 5-Year Index  | Sell | Sell | Sell | 0.850 | 0.850 | 05/20/2026 | 05/20/2026 | 12700 | (15) | (10) |
|  | Put - OTC CDX.IG-45 5-Year Index  | Put - OTC CDX.IG-45 5-Year Index  | Sell | Sell | Sell | 0.800 | 0.800 | 06/17/2026 | 06/17/2026 | 21600 | (24) | (30) |
|  |  |  |  |  |  |  |  |  |  |  | $(49) | $(47) |
| **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** | **FOREIGN CURRENCY OPTIONS** |
| Counterparty | Description | Description | Description | Description |  |  | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Market<br>Value |
| BOA | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | KRW | KRW | 1350.000 | 1350.000 | 07/09/2026 | 3692 | $(13) | $(3) |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  |  | 1350.000 | 1350.000 | 07/13/2026 | 6559 | (14) | (6) |
| MBC | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  |  | 1350.000 | 1350.000 | 07/09/2026 | 9511 | (30) | (7) |
|  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  | Put - OTC USD versus KRW  |  |  | 1350.000 | 1350.000 | 07/10/2026 | 9498 | (25) | (8) |
|  |  |  |  |  |  |  |  |  |  |  | $(82) | $(24) |
| **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** | **INTEREST RATE SWAPTIONS** |
| Counterparty | Description | Floating Rate<br>Index | Floating Rate<br>Index | Pay/Receive<br>Floating Rate | Pay/Receive<br>Floating Rate | Exercise<br>Rate | Exercise<br>Rate | Expiration<br>Date | Expiration<br>Date | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Market<br>Value |
| BOA | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 3.620% | 3.620% | 04/20/2026 | 04/20/2026 | 2900 | $(10) | $(4) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.900 | 3.900 | 04/20/2026 | 04/20/2026 | 2900 | (10) | (16) |
| CBK | Call - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 3.000 | 3.000 | 07/13/2026 | 07/13/2026 | 163400 | (140) | (86) |
|  | Call - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 3.250 | 3.250 | 07/13/2026 | 07/13/2026 | 163400 | (180) | (143) |
| DUB | Call - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 3.080 | 3.080 | 07/20/2026 | 07/20/2026 | 170000 | (130) | (115) |
|  | Call - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 3.290 | 3.290 | 07/20/2026 | 07/20/2026 | 170000 | (204) | (172) |
| GLM | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 3.600 | 3.600 | 04/16/2026 | 04/16/2026 | 5400 | (17) | (5) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 3.900 | 3.900 | 04/16/2026 | 04/16/2026 | 5400 | (17) | (28) |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 3.695 | 3.695 | 04/27/2026 | 04/27/2026 | 5600 | (20) | (16) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 4.055 | 4.055 | 04/27/2026 | 04/27/2026 | 5600 | (20) | (16) |
|  | Call - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 3.669 | 3.669 | 04/30/2026 | 04/30/2026 | 10200 | (37) | (29) |
|  | Put - OTC 10-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Pay | Pay | 4.069 | 4.069 | 04/30/2026 | 04/30/2026 | 10200 | (37) | (31) |
| MYC | Call - OTC 5-Year Interest Rate Swap  | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | Receive | Receive | 2.540 | 2.540 | 04/16/2026 | 04/16/2026 | 2200 | (4) | 0 |
|  | Put - OTC 5-Year Interest Rate Swap  | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | Pay | Pay | 2.920 | 2.920 | 04/16/2026 | 04/16/2026 | 2200 | (5) | (8) |
| NGF | Call - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 3.060 | 3.060 | 07/27/2026 | 07/27/2026 | 202000 | (142) | (141) |
|  | Call - OTC 1-Year Interest Rate Swap  | 3-Month USD-SOFR | 3-Month USD-SOFR | Receive | Receive | 3.280 | 3.280 | 07/27/2026 | 07/27/2026 | 202000 | (241) | (214) |
|  |  |  |  |  |  |  |  |  |  |  | $(1214) | $(1024) |
| **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** | **OPTIONS ON SECURITIES** |
| Counterparty | Description | Description |  | Strike<br>Price | Strike<br>Price | Strike<br>Price | Expiration<br>Date | Expiration<br>Date |  | Notional<br>Amount<sup>(1)</sup> | Premiums<br>(Received) | Market<br>Value |
| GSC | Put - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 06/01/2056  | Put - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 06/01/2056  | $ | $94.375 | 94.375 | 94.375 | 06/04/2026 | 06/04/2026 |  | 3600 | $(23) | $(14) |
|  | Call - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 06/01/2056  | Call - OTC Uniform Mortgage-Backed Security, TBA 4.500% due 06/01/2056  |  | 97.375 | 97.375 | 97.375 | 06/04/2026 | 06/04/2026 |  | 3600 | (21) | (17) |
|  |  |  |  |  |  |  |  |  |  |  | $(44) | $(31) |
| **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | $**(1389)** | $**(1126)** |

---

------

---

| | |
|:---|:---|
| &nbsp;&nbsp; Schedule of Investments PIMCO Total Return Portfolio (Cont.) | &nbsp;&nbsp;&nbsp; March 31, 2026 (Unaudited) |

---

---

| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 3 | 5 | 31 | 45 | 49 | 67 | 74 | 91 | 109 | 121 | 146 | 163 | 172 | 179 | 201 | 218 | 228 |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> |
| Counterparty | Counterparty | Reference Entity | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Implied<br>Credit Spread at<br>March 31, 2026<sup>(3)</sup> | Implied<br>Credit Spread at<br>March 31, 2026<sup>(3)</sup> | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| BOA | BOA | South Africa Government International Bonds  | 1.000% | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 0.728% | 0.728% | $14400 | $(708) | (708) | $741 | 741 | $33 | 33 | $0 |
| BPS | BPS | Colombia Government International Bonds  | 1.000 | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 1.040 | 1.040 | 2500 | (120) | (120) | 120 | 120 | 0 | 0 | 0 |
|  |  | Colombia Government International Bonds  | 1.000 | Quarterly | Quarterly | 12/20/2027 | 12/20/2027 | 1.208 | 1.208 | 500 | (45) | (45) | 43 | 43 | 0 | 0 | (2) |
| BRC | BRC | Colombia Government International Bonds  | 1.000 | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 0.869 | 0.869 | 4900 | (225) | (225) | 231 | 231 | 6 | 6 | 0 |
| CBK | CBK | Colombia Government International Bonds  | 1.000 | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 0.869 | 0.869 | 3000 | (148) | (148) | 152 | 152 | 4 | 4 | 0 |
|  |  | Colombia Government International Bonds  | 1.000 | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 1.040 | 1.040 | 700 | (25) | (25) | 25 | 25 | 0 | 0 | 0 |
|  |  | South Africa Government International Bonds  | 1.000 | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 0.728 | 0.728 | 3500 | (169) | (169) | 177 | 177 | 8 | 8 | 0 |
| DUB | DUB | Petroleos Mexicanos « | 4.750 | Monthly | Monthly | 07/06/2026 | 07/06/2026 | —◆ | —◆ | 1059 | 0 | 0 | 6 | 6 | 6 | 6 | 0 |
|  |  | Petroleos Mexicanos « | 4.850 | Monthly | Monthly | 07/06/2026 | 07/06/2026 | —◆ | —◆ | 518 | 0 | 0 | 3 | 3 | 3 | 3 | 0 |
|  |  | South Africa Government International Bonds  | 1.000 | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 0.728 | 0.728 | 5200 | (236) | (236) | 248 | 248 | 12 | 12 | 0 |
| GST | GST | Colombia Government International Bonds  | 1.000 | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 1.040 | 1.040 | 3600 | (135) | (135) | 134 | 134 | 0 | 0 | (1) |
|  |  | Colombia Government International Bonds  | 1.000 | Quarterly | Quarterly | 12/20/2027 | 12/20/2027 | 1.208 | 1.208 | 1600 | (143) | (143) | 138 | 138 | 0 | 0 | (5) |
|  |  | Soft Bank Group,Inc.  | 1.000 | Quarterly | Quarterly | 06/20/2026 | 06/20/2026 | 1.662 | 1.662 | 2500 | (21) | (21) | 18 | 18 | 0 | 0 | (3) |
| JPM | JPM | Colombia Government International Bonds  | 1.000 | Quarterly | Quarterly | 06/20/2027 | 06/20/2027 | 1.040 | 1.040 | 500 | (19) | (19) | 19 | 19 | 0 | 0 | 0 |
| MYC | MYC | South Africa Government International Bonds  | 1.000 | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 0.728 | 0.728 | 17500 | (837) | (837) | 877 | 877 | 40 | 40 | 0 |
|  |  |  |  |  |  |  |  |  |  |  | $(2831) | (2831) | $2932 | 2932 | $112 | 112 | $(11) |
| **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> | **CREDIT DEFAULT SWAPS ON CREDIT INDEXES - SELL PROTECTION**<sup>(2)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> | <u>Swap Agreements, at Value</u><sup>(5)</sup> |
| Counterparty | Counterparty | Index/Tranches | Index/Tranches | Index/Tranches | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Maturity<br>Date |  | Notional<br>Amount<sup>(4)</sup> | Premiums<br>Paid/(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset |  | Liability |
| BOA | BOA | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | 5.000% | 5.000% | Quarterly | 12/20/2030 | EUR | 13480 | 3036 | $ | (338) | (338) | 2698 | $ | 0 |
| BPS | BPS | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | 5.000 | Quarterly | 12/20/2030 |  | 21400 | 4753 |  | (470) | (470) | 4283 |  | 0 |
| CBK | CBK | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | 5.000 | Quarterly | 12/20/2030 |  | 10300 | 2339 |  | (278) | (278) | 2061 |  | 0 |
| GST | GST | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | 5.000 | Quarterly | 12/20/2030 |  | 2900 | 594 |  | (14) | (14) | 580 |  | 0 |
| JPM | JPM | CDX.iTraxx Crossover 42 5-Year 35-100% Index  | CDX.iTraxx Crossover 42 5-Year 35-100% Index  | CDX.iTraxx Crossover 42 5-Year 35-100% Index  | 5.000 | 5.000 | Quarterly | 12/20/2029 |  | 1727 | 343 |  | (34) | (34) | 309 |  | 0 |
|  |  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | 5.000 | Quarterly | 12/20/2030 |  | 18010 | 3903 |  | (299) | (299) | 3604 |  | 0 |
| MYC | MYC | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | CDX.iTraxx Crossover 44 5-Year 35-100% Index  | 5.000 | 5.000 | Quarterly | 12/20/2030 |  | 2290 | 532 |  | (74) | (74) | 458 |  | 0 |
|  |  |  |  |  |  |  |  |  |  |  | $15500 | 15500 | $(1507) | (1507) | $13993 | 13993 | $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** | $**12669** | **12669** | $**1425** | **1425** | $**14105** | **14105** | $**(11)** |
| **(n)** | **Securities with an aggregate market value of $835 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 $835 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 $835 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 $835 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 $835 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 $835 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 $835 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 $835 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 $835 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 $835 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 $835 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 $835 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 $835 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 $835 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 $835 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 $835 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 $835 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>◆</sup> | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. | Implied credit spread is not available due to significant unobservable inputs being used in the fair valuation. |
| <sup>(1)</sup> | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | Notional Amount represents the number of contracts. | 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 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>(3)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(4)</sup> | The maximum potential amount the 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>(5)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | 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 | Category and Subcategory | Category and Subcategory | Level 1 | Level 1 | Level 2 | Level 2 | Level 3 | Level 3 | Level 3 | Fair Value<br>at 03/31/2026 | Fair Value<br>at 03/31/2026 | Fair Value<br>at 03/31/2026 |  |

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|:---|:---|
| &nbsp;&nbsp; Schedule of Investments PIMCO Total Return Portfolio (Cont.) | &nbsp;&nbsp;&nbsp; March 31, 2026 (Unaudited) |

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| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 2 | 12 | 26 | 46 | 72 | 81 | 89 | 97 | 106 | 119 | 140 | 154 | 165 | 179 | 199 | 226 |
| **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 | $0 | 0 | 0 | 0 | $3269 | 3269 | $26983 | 26983 | $ | 30252 |  |
| 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 | 0 | 862933 | 862933 | 9035 | 9035 |  | 871968 |  |
| Industrials | Industrials | Industrials | Industrials | Industrials | 0 | 0 | 0 | 0 | 556816 | 556816 | 2424 | 2424 |  | 559240 |  |
| Utilities | Utilities | Utilities | Utilities | Utilities | 0 | 0 | 0 | 0 | 243728 | 243728 | 0 | 0 |  | 243728 |  |
| 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 |  |
| Illinois | Illinois | Illinois | Illinois | Illinois | 0 | 0 | 0 | 0 | 6486 | 6486 | 0 | 0 |  | 6486 |  |
| Louisiana | Louisiana | Louisiana | Louisiana | Louisiana | 0 | 0 | 0 | 0 | 7074 | 7074 | 0 | 0 |  | 7074 |  |
| Texas | Texas | Texas | Texas | Texas | 0 | 0 | 0 | 0 | 8154 | 8154 | 0 | 0 |  | 8154 |  |
| West Virginia | West Virginia | West Virginia | West Virginia | West Virginia | 0 | 0 | 0 | 0 | 6405 | 6405 | 0 | 0 |  | 6405 |  |
| U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | 0 | 0 | 0 | 0 | 1932912 | 1932912 | 0 | 0 |  | 1932912 |  |
| U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | U.S. Treasury Obligations | 0 | 0 | 0 | 0 | 915127 | 915127 | 0 | 0 |  | 915127 |  |
| 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 | 0 | 369457 | 369457 | 67819 | 67819 |  | 437276 |  |
| 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 | 0 | 0 | 0 | 0 | 7088 | 7088 | 0 | 0 |  | 7088 |  |
| CMBS Other | CMBS Other | CMBS Other | CMBS Other | CMBS Other | 0 | 0 | 0 | 0 | 35473 | 35473 | 0 | 0 |  | 35473 |  |
| Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | Home Equity Other | 0 | 0 | 0 | 0 | 158194 | 158194 | 0 | 0 |  | 158194 |  |
| Home Equity Sequential | Home Equity Sequential | Home Equity Sequential | Home Equity Sequential | Home Equity Sequential | 0 | 0 | 0 | 0 | 1528 | 1528 | 0 | 0 |  | 1528 |  |
| Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | Whole Loan Collateral | 0 | 0 | 0 | 0 | 6996 | 6996 | 0 | 0 |  | 6996 |  |
| Other ABS | Other ABS | Other ABS | Other ABS | Other ABS | 0 | 0 | 0 | 0 | 104160 | 104160 | 0 | 0 |  | 104160 |  |
| Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | Sovereign Issues | 0 | 0 | 0 | 0 | 463134 | 463134 | 0 | 0 |  | 463134 |  |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 4383 | 4383 |  | 4383 |  |
| 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 |  |
| Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | Repurchase Agreements | 0 | 0 | 0 | 0 | 98405 | 98405 | 0 | 0 |  | 98405 |  |
| Nigeria Treasury Bills | Nigeria Treasury Bills | Nigeria Treasury Bills | Nigeria Treasury Bills | Nigeria Treasury Bills | 0 | 0 | 0 | 0 | 5053 | 5053 | 0 | 0 |  | 5053 |  |
| U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | 0 | 0 | 0 | 0 | 1661 | 1661 | 0 | 0 |  | 1661 |  |
|  |  |  |  |  | $0 | 0 | 0 | 0 | $5794053 | 5794053 | $110644 | 110644 | $ | 5904697 |  |
| **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 |  |
| 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 | $290605 | 290605 | 290605 | 290605 | $0 | 0 | $0 | 0 | $ | 290605 |  |
| Total Investments | Total Investments | Total Investments | Total Investments | Total Investments | $290605 | 290605 | 290605 | 290605 | $5794053 | 5794053 | $110644 | 110644 | $ | 6195302 |  |
| **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**  | **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**  | **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 | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | U.S. Government Agencies | $0 | 0 | 0 | 0 | $(82535) | (82535) | $0 | 0 | $ | (82535) |  |
| **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 | 1198 | 1198 | 1198 | 1198 | 4000 | 4000 | 0 | 0 |  | 5198 |  |
| Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 | 0 | 0 | 37374 | 37374 | 9 | 9 |  | 37383 |  |
|  |  |  |  |  | $1198 | 1198 | 1198 | 1198 | $41374 | 41374 | $9 | 9 | $ | 42581 |  |
| **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 | (159) | (159) | (159) | (159) | (1622) | (1622) | 0 | 0 |  | (1781) |  |
| Over the counter | Over the counter | Over the counter | Over the counter | Over the counter | 0 | 0 | 0 | 0 | (11265) | (11265) | 0 | 0 |  | (11265) |  |
|  |  |  |  |  | $(159) | (159) | (159) | (159) | $(12887) | (12887) | $0 | 0 | $ | (13046) |  |
| Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | Total Financial Derivative Instruments | $1039 | 1039 | 1039 | 1039 | $28487 | 28487 | $9 | 9 | $ | 29535 |  |
| Totals | Totals | Totals | Totals | Totals | $291644 | 291644 | 291644 | 291644 | $5740005 | 5740005 | $110653 | 110653 | $ | 6142302 |  |
| **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<sup>(1)</sup> | Net<br>Sales/Settlements<sup>(1)</sup> | 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>(2)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(2)</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 | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>03/31/2026<sup>(2)</sup> |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Loan Participations and Assignments | 31539 | $1 | $(3909) | $ | 1 | $ | $122 | $ | (344) | $0 | 0 | $(427) | (427) | $26983 | $(221) |
| Corporate Bonds & Notes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Banking & Finance | 9189 | 0 | 0 |  | 0 |  | 0 |  | (154) | 0 | 0 | 0 | 0 | 9035 | (153) |
| Industrials | 2455 | 0 | 0 |  | 0 |  | 0 |  | (31) | 0 | 0 | 0 | 0 | 2424 | (30) |
| Non-Agency Mortgage-Backed Securities | 57060 | 9000 | 0 |  | 0 |  | 0 |  | 1759 | 0 | 0 | 0 | 0 | 67819 | 1759 |
| Common Stocks |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Industrials | 4300 | 0 | 0 |  | 0 |  | 0 |  | 83 | 0 | 0 | 0 | 0 | 4383 | 83 |
|  | 104543 | $9001 | $(3909) | $ | 1 | $ | $122 | $ | 1313 | $0 | 0 | $(427) | (427) | $110644 | $1438 |
| **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** | **Financial Derivative Instruments - Assets** |
| Over the counter | 24 | $0 | $(5) | $ | 0 | $ | $0 | $ | (10) | $0 | 0 | $0 | 0 | $9 | $(11) |

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| | |
|:---|:---|
| &nbsp;&nbsp; Schedule of Investments PIMCO Total Return Portfolio (Cont.) | &nbsp;&nbsp;&nbsp; March 31, 2026 (Unaudited) |

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| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 1 | 3 | 11 | 28 | 43 | 46 | 79 | 97 | 113 | 140 | 165 | 181 | 190 | 199 | 222 | 226 |
| Totals | Totals | $104567 | 9001 | $ | $(3914) | $1 | $122 | $1303 | $0 | $(427) | (427) | $ | 110653 | $ | 1427 |
| <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; 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** |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | $18894 | 18894 | &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 | 4.270 - 6.985 | 4.270 - 6.985 | 4.270 - 6.985 | 5.749 | 5.749 |
|  |  |  | 5893 | 5893 | &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 |  |  |
|  |  |  | 2196 | 2196 | &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 |  |  |
| 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 | 9035 | 9035 | &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 - 7.181 | 5.173 - 7.181 | 5.173 - 7.181 | 6.016 | 6.016 |
| Industrials | Industrials | Industrials | 2424 | 2424 | &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 | 4.943 - 5.080 | 4.943 - 5.080 | 4.943 - 5.080 | 5.011 | 5.011 |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 8828 | 8828 | &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 | 5.434 - 5.700 | 5.434 - 5.700 | 5.434 - 5.700 | 5.567 | 5.567 |
|  |  |  | 58991 | 58991 | &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 |  |  |
| 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 | 4383 | 4383 | &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 |  |  |
| **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** | **Financial Derivative Instruments** **- Assets** |
| Over the counter | Over the counter | Over the counter | 9 | 9 | &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 | 0.191 - 0.206 | 0.191 - 0.206 | 0.191 - 0.206 | 0.196 | 0.196 |
| Total | Total | Total | $110653 | 110653 |  |  |  |  |  |  |  |  |  |  |  |
| <sup>(1)</sup> | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. | Net Purchases and Settlements for Financial Derivative Instruments may include payments made or received upon entering into swap agreements to compensate for differences between the stated terms of the swap agreement and prevailing market conditions. |
| <sup>(2)</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. |

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Notes to Financial Statements

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

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

**(a) Investment Valuation Policies** The net asset value ("NAV") of the Portfolio's shares, or each of its share classes, as applicable, is determined by dividing the total value of portfolio investments and other assets attributable to the 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, the 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 Portfolio or its agents after the time as of which NAV has been calculated on a particular day will not generally be used to retroactively adjust the price of a security or the NAV determined earlier that day. If regular trading on the NYSE closes earlier than scheduled, the Portfolio may calculate its NAV as of the earlier closing time or calculate its NAV as of the NYSE Close for that day. The 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, the Portfolio may calculate its NAV as of the NYSE Close for such day or such other time that the 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 the 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 Portfolio will normally use pricing data for domestic equity securities received shortly after the NYSE Close and does not normally take into account trading, clearances or settlements that take place after the NYSE Close. A foreign (non-U.S.) equity security traded on a foreign exchange or on more than one exchange is typically valued using pricing information from the exchange considered by Pacific Investment Management Company LLC ("PIMCO") to be the primary exchange. If market value pricing is used, a foreign (non-U.S.) equity security will be valued as of the close of trading on the foreign exchange, or the NYSE Close, if the NYSE Close occurs before the end of trading on the foreign exchange.

Investments for which market quotations are not readily available are valued at fair value as determined in good faith pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended (the "Act"). As a general principle, the fair value of a security or other asset is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Pursuant to Rule 2a-5, the Board of Trustees has designated PIMCO as the valuation designee ("Valuation Designee") for the 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 the 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. Open-end management investment companies may include affiliated funds.

If a foreign (non-U.S.) equity security's value has materially changed after the close of the security's primary exchange or principal market but before the NYSE Close, the security may be valued at fair value. Foreign (non-U.S.) equity securities that do not trade when the NYSE is open are also valued at fair value. With respect to foreign (non-U.S.) equity securities, the 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. The 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 the Trust is not open for business, which may result in the 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 the 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 the Trust is not open for business. As a result, to the extent that the 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 the 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 the 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 the 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 the Portfolio may differ from the value that would be realized if the securities were sold. The Portfolio's use of fair valuation may also help to deter "stale price arbitrage" as discussed under the " Frequent or Excessive Purchases, Exchanges and Redemptions " section in the Portfolio's prospectus.

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

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

------

Notes to Financial Statements (Cont.)

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

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

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

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

In accordance with the requirements of U.S. GAAP, the amounts of transfers into and out of Level 3, if material, are disclosed in the Notes to Schedule of Investments for the 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 of the Portfolio's assets and liabilities. Additionally, U.S. GAAP requires quantitative information regarding the significant unobservable inputs used in the determination of fair value of assets or liabilities categorized as Level 3 in the fair value hierarchy. In accordance with the requirements of U.S. GAAP, a fair value hierarchy and, if material, a Level 3 reconciliation and details of significant unobservable inputs, have been included in the Notes to Schedule of Investments for the 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 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 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.

------

Notes to Financial Statements (Cont.)

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.

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.

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

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

**2. FEDERAL INCOME TAX MATTERS**

The 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.

The 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 Portfolio's tax positions for all open tax years. As of March 31, 2026, the Portfolio has recorded no liability for net unrecognized tax benefits relating to uncertain income tax positions it has taken or expects to take in future tax returns.

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

Shares of the Portfolio currently are sold to segregated asset accounts ("Separate Accounts") of insurance companies that fund variable annuity contracts and variable life insurance policies ("Variable Contracts"). Please refer to the prospectus for the Separate Account and Variable Contract for information regarding Federal income tax treatment of distributions to the Separate Account.

**3. INVESTMENTS IN AFFILIATES** 

The 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 the Act, rules thereunder or exemptive relief therefrom. The Central Funds are registered investment companies created for use solely by the series of the Trust and other series of registered investment companies advised by the Adviser, in connection with their cash management activities. The main investments of the Central Funds are money market and short maturity fixed income instruments. The Central Funds may incur expenses related to their investment activities, but do not pay Investment Advisory Fees or Supervisory and Administrative Fees to the Adviser. The Central Funds are considered to be affiliated with the Portfolio. 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 Portfolio's website at www.pimco.com, or upon request, as applicable. The tables below show the Portfolio's transactions in and earnings from investments in the affiliated funds for the period ended March 31, 2026 (amounts in thousands<sup>†</sup>):

**Investment in PIMCO Short Asset Portfolio**

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **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> |
| $169314 | $1749 | $0 | $0 | $(35) | $171028 | $1770 | $0 |

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **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> |
| $34440 | $225344 | $(140200) | $(1) | $(6) | $119577 | $348 | $0 |

---

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

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

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **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. |
| **BOA** | Bank of America N.A. | **FAR** | Wells Fargo Bank National Association | **MYI** | Morgan Stanley & Co. International PLC |
| **BOS** | BofA Securities, Inc. | **GLM** | Goldman Sachs Bank USA | **NGF** | Nomura Global Financial Products, Inc. |
| **BPS** | BNP Paribas S.A. | **GSC** | Goldman Sachs & Co. LLC | **SAL** | Citigroup Global Markets, Inc. |
| **BRC** | Barclays Bank PLC | **GST** | Goldman Sachs International | **SCX** | Standard Chartered Bank, London |
| **BSH** | Banco Santander S.A. - New York Branch | **IND** | Crédit Agricole Corporate and Investment Bank <br> S.A. | **SOG** | Societe Generale Paris |
| **CBK** | Citibank N.A. | **JPM** | JP Morgan Chase Bank N.A. | **SSB** | State Street Bank and Trust Co. |
| **CIB** | Canadian Imperial Bank of Commerce | **MBC** | HSBC Bank Plc | **UAG** | UBS AG Stamford |
| **Currency Abbreviations:** | **Currency Abbreviations:** |  |  |  |  |
| **AUD** | Australian Dollar | **ILS** | Israeli Shekel | **PLN** | Polish Zloty |
| **BRL** | Brazilian Real | **INR** | Indian Rupee | **SEK** | Swedish Krona |
| **CAD** | Canadian Dollar | **JPY** | Japanese Yen | **SGD** | Singapore Dollar |
| **CHF** | Swiss Franc | **KRW** | South Korean Won | **THB** | Thai Baht |
| **CNH** | Chinese Renminbi (Offshore) | **MXN** | Mexican Peso | **TRY** | Turkish New Lira |
| **DKK** | Danish Krone | **NGN** | Nigerian Naira | **TWD** | Taiwanese Dollar |
| **EUR** | Euro | **NOK** | Norwegian Krone | **USD (or $)** | United States Dollar |
| **GBP** | British Pound | **NZD** | New Zealand Dollar | **ZAR** | South African Rand |
| **IDR** | Indonesian Rupiah | **PEN** | Peruvian New Sol |  |  |
| **Exchange Abbreviations:** | **Exchange Abbreviations:** |  |  |  |  |
| **CBOE** | Chicago Board Options Exchange | **EUREX** | Eurex Exchange | **OTC** | Over the Counter |
| **Index/Spread Abbreviations:** | **Index/Spread Abbreviations:** |  |  |  |  |
| **BRMMUSDF** | BlackRock Money Market US Treasury Fund Index | **SOFR** | Secured Overnight Financing Rate | **TSFR1M** | Term SOFR 1-Month |
| **CAONREPO** | Canadian Overnight Repo Rate Average | **SOFRINDX** | Secured Overnight Financing Rate Index | **TSFR3M** | Term SOFR 3-Month |
| **CDX.IG** | Credit Derivatives Index - Investment <br> Grade | **SONIA** | Sterling Overnight Interbank Average Rate | **TSFR6M** | Term SOFR 6-Month |
| **EUR003M** | 3 Month EUR Swap Rate | **SONIO** | Sterling Overnight Interbank Average Rate | **US0003M** | ICE 3-Month USD LIBOR |
| **MUTKCALM** | Tokyo Overnight Average Rate |  |  |  |  |
| **Other Abbreviations:** | **Other Abbreviations:** |  |  |  |  |
| **ABS** | Asset-Backed Security | **CLO** | Collateralized Loan Obligation | **OIS** | Overnight Index Swap |
| **ALT** | Alternate Loan Trust | **CMBS** | Collateralized Mortgage-Backed Security | **REMIC** | Real Estate Mortgage Investment Conduit |
| **BBR** | Bank Bill Rate | **DAC** | Designated Activity Company | **TBA** | To-Be-Announced |
| **BBSW** | Bank Bill Swap Reference Rate | **EURIBOR** | Euro Interbank Offered Rate | **TBD** | To-Be-Determined |
| **BRL-CDI** | Brazil Interbank Deposit Rate | **Lunar** | Monthly payment based on 28-day periods. One <br> year consists of 13 periods. | **TIIE** | Tasa de Interés Interbancaria de Equilibrio "Equilibrium Interbank Interest Rate" |

---

## 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 Variable Insurance Trust

- **b. Investment Company Act file number:** 811-08399

- **c. CIK number of Registrant:** 0001047304

- **d. LEI of Registrant:** 549300KNGHUU7TTJOR56

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

  - **Street Address 1:** 650 Newport Center Drive

  - **City:** Newport Beach

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 92660

  - **Telephone number:** (888) 877-4626

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

- **a. Name of Series:** PIMCO International Bond Portfolio (U.S. Dollar-Hedged)

- **b. EDGAR series identifier (if any):** S000009669

- **c. LEI of Series:** 549300P9300R3FCSTO42

**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:** $1321925588.22

**Total Liabilities:** $789598217.31

**Net Assets:** $532327370.91

**Delayed Delivery Securities:** $92862.00

**Cash Not Reported:** $10421206.32

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -9676.373200 | **1-Year:** 38415.406500 | **5-Year:** 156685.658500 | **10-Year:** 89819.257000 | **30-Year:** 15918.360700

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

- **3-Month:** 436.827600 | **1-Year:** 1446.682300 | **5-Year:** 10154.130100 | **10-Year:** 2474.224200 | **30-Year:** 0.000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000026495 | 0.43%                | 1.01%                | -3.23%               |
| Class ID C000139585 | 0.42%                | 1.01%                | -3.24%               |
| Class ID C000026496 | 0.44%                | 1.03%                | -3.22%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1898389.61              | $1299704.24                                |
| Month 2  | $1209717.59              | $4215689.85                                |
| Month 3  | $-620732.58              | $-18477114.70                              |

**Designated Index Information**

- **Index Name:** Bloomberg Global Aggregate ex-USD Total Return Hedged Index

- **Index Identifier:** LG38TRUH

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SOUNDVIEW HOME EQUITY LOAN TR 2007-OPT1                                   | SOUNDVIEW HOME EQUITY LOAN TRU SVHE 2007 OPT1 2A2         | CUSIP: 83612TAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      49710 | PA      | $33552.37     | 0.01%             | 2037-06-25      | Floating      | 3.94%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                                      | GNMA II POOL MB0742 G2 11/55 FIXED 3.5                    | CUSIP: 3618N5ZG7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    1000000 | PA      | $917912.25    | 0.17%             | 2055-11-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD SGD BOUGHT USD 20260504                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | SG        |          1 | NC      | $259.29       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT TWD SOLD USD 20270120                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |          1 | NC      | $-31926.46    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BDS 2021-FL10 LTD                                                         | BDS LTD BDS 2021 FL10 A 144A                              | CUSIP: 07335YAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     354648 | PA      | $355080.41    | 0.07%             | 2036-12-16      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT AUD SOLD USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | AU        |          1 | NC      | $-9138.80     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT RON SOLD USD 20260408                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | RO        |          1 | NC      | $-12691.24    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/4.22201 03/31/26-27Y* LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-1976.45     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| WASHINGTON MUTUAL 2003-AR1                                                | WAMU MORTGAGE PASS THROUGH CER WAMU 2003 AR1 A5           | CUSIP: 939336PB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       2255 | PA      | $2236.87      | 0.00%             | 2033-03-25      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE HOME LOANS 2005-1                                             | COUNTRYWIDE HOME LOANS CWHL 2005 1 1A1                    | CUSIP: 12669GRM5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       7943 | PA      | $6941.44      | 0.00%             | 2035-03-25      | Floating      | 4.43%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD NOK BOUGHT USD 20260504                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | NO        |          1 | NC      | $-1797.95     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BAIN CAPITAL EURO CLO 2022-2 DAC 22-2A                                    | BAIN CAPITAL EURO CLO BCCE 2022 2A ARR 144A               | CUSIP: ACI2ZP3K0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |     900000 | PA      | $1039758.17   | 0.20%             | 2038-01-22      | Floating      | 3.28%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT IDR SOLD USD 20260610                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |          1 | NC      | $-509.26      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD CNH BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $314959.23    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| SAUDI ARABIA GOVT                                                         | SAUDI INTERNATIONAL BOND SR UNSECURED 144A 01/31 5.375    | CUSIP: 80413TBK4<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |     800000 | PA      | $817980.46    | 0.15%             | 2031-01-13      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                            | MORGAN STANLEY SR UNSECURED 11/31 VAR                     | CUSIP: ACI34TWH9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     600000 | PA      | $675879.50    | 0.13%             | 2031-11-07      | Floating      | 3.15%                 | No            |                  2 | On Loan: No      |
| ABU DHABI DEVELOPMENTAL HOLDING COMPANY PJSC                              | ABU DHABI DEVELOPMENT HO SR UNSECURED 144A 05/35 5        | CUSIP: 00402AAB7<br>LEI: 254900G082ZFKTCR2Q75 | Long             | DBT              | CORP              | AE        |     200000 | PA      | $194916.53    | 0.04%             | 2035-05-06      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                                     | FED HM LN PC POOL RJ1661 FR 03/54 FIXED 6                 | CUSIP: 3142GRZ37<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      57387 | PA      | $58824.00     | 0.01%             | 2054-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| JAPAN GOVT                                                                | JAPAN (20 YEAR ISSUE) BONDS 03/45 2.4                     | CUSIP: ACI2WJ7V9<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |  217000000 | PA      | $1208256.77   | 0.23%             | 2045-03-20      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| PERU GOVT                                                                 | REPUBLIC OF PERU SR UNSECURED REGS 08/34 5.4              | CUSIP: P78024AG4<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     100000 | PA      | $27302.51     | 0.01%             | 2034-08-12      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | IRS SEK 2.47375 02/03/25-5Y LCH                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | SE        |          1 | NC      | $-30781.30    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT EUR SOLD USD 20260408                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-496.58      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.40694 07/06/26-4Y* LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $679.16       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PACIFIC GAS AND ELECTRIC CO                                               | PACIFIC GAS + ELECTRIC 1ST MORTGAGE 08/27 2.1             | CUSIP: 694308JF5<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |     100000 | PA      | $96955.41     | 0.02%             | 2027-08-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT THB SOLD USD 20260416                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TH        |          1 | NC      | $-135.06      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | IRS PLN 4.70000 01/20/31-5Y CME                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | PL        |          1 | NC      | $14195.18     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT CNY SOLD USD 20260526                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $3422.65      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                                  | LLOYDS BANKING GROUP PLC JR SUBORDINA REGS 12/49 VAR      | CUSIP: ACI0808H1<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |     200000 | PA      | $270690.52    | 0.05%             | 2029-06-27      | Floating      | 7.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/4.01000 03/31/26-28Y* LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $19017.16     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | 31750RH83 PIMCO FXVAN CALL USD HKD 7.85000000             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | US        |   -1273000 | NC      | $-514.29      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT PLN SOLD USD 20260415                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $-16588.96    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | US 10YR FUT OPTN  MAY26C 113 EXP 04/24/2026               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |        -17 | NC      | $-2262.31     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TOGETHER ASSET BACKED SECURITISATION 14 2025-1ST1 PLC 25-1ST1A            | TOGETHER ASSET BACKED SECURITI TOGET 2025 1ST1A A 144A    | CUSIP: ACI30HX54<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |     886192 | PA      | $1171070.16   | 0.22%             | 2066-08-15      | Floating      | 4.49%                 | No            |                  2 | On Loan: No      |
| KREF 2022-FL3 LTD                                                         | KREF 2022 FL3 LTD KREF 2022 FL3 A 144A                    | CUSIP: 48275EAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     688870 | PA      | $689233.82    | 0.13%             | 2039-02-17      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | IRS EUR 2.25000 09/21/22-20Y LCH                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |          1 | NC      | $-350780.16   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT TWD SOLD USD 20260413                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |          1 | NC      | $-293.38      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOUTH KOREA GOVT AS BP MYC                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |          1 | NC      | $-18054.78    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JOINT STOCK COMPANY DEVELOPMENT BANK OF KAZAKHSTAN                        | DEVELOPMENT BANK OF KAZA SR UNSECURED 144A 10/28 18.4     | CUSIP: 48129VAF3<br>LEI: 213800LCDPGJ1BI7KX98 | Long             | DBT              | CORP              | KZ        |  134000000 | PA      | $288104.78    | 0.05%             | 2028-10-16      | Fixed         | 18.40%                | No            |                  2 | On Loan: No      |
| SOUTH AFRICA GOVT                                                         | REPUBLIC OF SOUTH AFRICA BONDS 02/48 8.75                 | CUSIP: ACI0289D8<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    7100000 | PA      | $379603.75    | 0.07%             | 2048-02-28      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD KZT BOUGHT USD 20260604                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KZ        |          1 | NC      | $-3809.87     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ROMANIA GOVT                                                              | ROMANIA UNSECURED 144A 07/30 1.75                         | CUSIP: ACI1Z3TC1<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     300000 | PA      | $305546.69    | 0.06%             | 2030-07-13      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT CNH SOLD USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $91.95        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ASSET-BACKED CERT 2006-12                                     | COUNTRYWIDE ASSET BACKED CERTI CWL 2006 12 1A             | CUSIP: 12667AAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     210315 | PA      | $197576.77    | 0.04%             | 2036-12-25      | Floating      | 4.05%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD AUD BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | AU        |          1 | NC      | $235962.32    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| STRUCTURED ASSET SEC CORP 2006-RF4                                        | STRUCTURED ASSET SECURITIES CO SASC 2006 RF4 1A1 144A     | CUSIP: 863911AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     279213 | PA      | $235225.11    | 0.04%             | 2036-10-25      | Floating      | 4.08%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT INR SOLD USD 20260424                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $12.16        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD TWD BOUGHT USD 20260413                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |          1 | NC      | $287.32       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | 31750SBZ7 PIMCO FXVAN PUT USD KRW 1400.0000000            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | US        |    2132500 | NC      | $6472.14      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD THB BOUGHT USD 20260420                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TH        |          1 | NC      | $10478.38     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD KWD BOUGHT USD 20290502                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $17606.22     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                                         | NATWEST GROUP PLC SR UNSECURED 03/35 VAR                  | CUSIP: 639057AN8<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    2000000 | PA      | $2068135.10   | 0.39%             | 2035-03-01      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                                                      | GLENCORE FUNDING LLC COMPANY GUAR 144A 04/30 5.186        | CUSIP: 378272BZ0<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |     800000 | PA      | $811449.50    | 0.15%             | 2030-04-01      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT INR SOLD USD 20260407                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $-27723.51    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT EUR SOLD USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $213.71       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD SEK BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | SE        |          1 | NC      | $2809.95      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PERU GOVT                                                                 | REPUBLIC OF PERU SR UNSECURED 144A 08/37 6.9              | CUSIP: 715638AV4<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    3400000 | PA      | $971558.38    | 0.18%             | 2037-08-12      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT HUF SOLD USD 20260415                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | HU        |          1 | NC      | $165.85       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | US 10YR ULTRA FUT JUN26 XCBT 20260618                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |        357 | NC      | $-948808.76   | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ALTERNATIVE LOAN TR 2006-OA1                                  | COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2006 OA1 2A1         | CUSIP: 126694A32<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      24330 | PA      | $23117.98     | 0.00%             | 2046-03-20      | Floating      | 4.21%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT RON SOLD USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | RO        |          1 | NC      | $-30903.01    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| WASHINGTON MUTUAL 2002 AR2                                                | WAMU MORTGAGE PASS THROUGH CER WAMU 2002 AR2 A            | CUSIP: 929227LE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        625 | PA      | $611.19       | 0.00%             | 2034-02-27      | Floating      | 4.03%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.45975 09/02/25-2Y* LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-156093.80   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                                     | FED HM LN PC POOL RA6652 FR 01/52 FIXED 2.5               | CUSIP: 3133KNL92<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    1557965 | PA      | $1319882.61   | 0.25%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ASSET-BACKED CERT 2006-26                                     | COUNTRYWIDE ASSET BACKED CERTI CWL 2006 26 1A             | CUSIP: 12668HAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     223611 | PA      | $209670.09    | 0.04%             | 2037-06-25      | Floating      | 4.07%                 | No            |                  2 | On Loan: No      |
| WASHINGTON MUTUAL 2005-AR3                                                | WAMU MORTGAGE PASS THROUGH CER WAMU 2005 AR3 A2           | CUSIP: 939336Z48<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       8732 | PA      | $8526.30      | 0.00%             | 2035-03-25      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| FIDELITY NATIONAL INFORMATION SERVICES INC                                | FIDELITY NATL INFORMATION SVCS                            | CUSIP: 31622GDP9<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | DBT              | CORP              | US        |    1500000 | PA      | $1496162.85   | 0.28%             | 2026-04-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| UMBS PASS THRU POOLS                                                      | FNMA TBA 30 YR 5.5 SINGLE FAMILY MORTGAGE                 | CUSIP: 01F052656<br>LEI: N/A                  | Short            | ABS-MBS          | USGSE             | US        |  -11040000 | PA      | $-11076618.02 | -2.08%            | 2056-05-13      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT THB SOLD USD 20260420                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TH        |          1 | NC      | $-14297.87    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD KWD BOUGHT USD 20300516                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $7405.19      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| COLOMBIAN GOVT                                                            | TITULOS DE TESORERIA BONDS 01/35 11.75                    | CUSIP: ACI2Z7LJ3<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        | 1276800000 | PA      | $316564.65    | 0.06%             | 2035-01-24      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| CREDIT BASED ASSET SRVC & SEC 2006-CB3                                    | CREDIT BASED ASSET SERVICING A CBASS 2006 CB3 AV4         | CUSIP: 12489WQX5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     247335 | PA      | $228624.99    | 0.04%             | 2036-03-25      | Floating      | 4.31%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.70000 03/31/26-9Y* LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $42516.22     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD EUR BOUGHT USD 20260414                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-1078.07     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD RON BOUGHT USD 20260414                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | RO        |          1 | NC      | $-290.80      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD RON BOUGHT USD 20260414                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | RO        |          1 | NC      | $853.87       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT JPY SOLD USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |          1 | NC      | $19387.98     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD CAD BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CA        |          1 | NC      | $4429.33      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | AUST 10Y BOND FUT JUN26 XSFE 20260615                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | AU        |       -266 | NC      | $125061.03    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                       | IRS EUR 2.50000 09/16/26-5Y LCH                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |          1 | NC      | $-1104855.61  | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                        | TREASURY BILL 06/26 0.00000                               | CUSIP: 912797TZ0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     283000 | PA      | $281054.29    | 0.05%             | 2026-06-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/4.23838 03/31/26-27Y* LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-2506.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.76527 03/04/25-30Y* LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $134496.99    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| NYKREDIT REALKREDIT A/S                                                   | NYKREDIT REALKREDIT A/S COVERED REGS 10/50 1              | CUSIP: BK9CXBII1<br>LEI: LIU16F6VZJSD6UKHD557 | Long             | DBT              | CORP              | DK        |         14 | PA      | $1.72         | 0.00%             | 2050-10-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE 2006-48                                                        | FANNIE MAE FNR 2006 48 TF                                 | CUSIP: 31395NLE5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       5114 | PA      | $5076.67      | 0.00%             | 2036-06-25      | Floating      | 4.18%                 | No            |                  2 | On Loan: No      |
| MALAYSIA GOVT                                                             | MALAYSIA GOVERNMENT BONDS 04/28 3.519                     | CUSIP: ACI2FJPF3<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |   30997000 | PA      | $7707221.47   | 1.45%             | 2028-04-20      | Fixed         | 3.52%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                            | MORGAN STANLEY SR UNSECURED 04/28 VAR                     | CUSIP: 61747YFN0<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    2000000 | PA      | $2007479.50   | 0.38%             | 2028-04-13      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| BEAR STEARNS ALT-A TRUST 2005-7                                           | BEAR STEARNS ALT A TRUST BALTA 2005 7 22A1                | CUSIP: 07386HVS7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      10105 | PA      | $5290.84      | 0.00%             | 2035-09-25      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| GA GLOBAL FUNDING TRUST                                                   | GA GLOBAL FUNDING TRUST SECURED 144A 01/30 5.4            | CUSIP: 36143L2R5<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |    1100000 | PA      | $1102139.16   | 0.21%             | 2030-01-13      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT INR SOLD USD 20260407                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $-28672.67    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT TWD SOLD USD 20270120                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |          1 | NC      | $-34591.30    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                                                    | STANDARD CHARTERED PLC SR UNSECURED 144A 01/28 VAR        | CUSIP: 853254CG3<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    1400000 | PA      | $1379355.89   | 0.26%             | 2028-01-12      | Floating      | 2.61%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD ILS BOUGHT USD 20260610                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $4926.40      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HSI ASSET SECUR CORP TRUST 2007-HE2                                       | HSI ASSET SECURITIZATION CORPO HASC 2007 HE2 2A3          | CUSIP: 40430RAD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     550121 | PA      | $274822.37    | 0.05%             | 2037-04-25      | Floating      | 4.31%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD ZAR BOUGHT USD 20260420                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |          1 | NC      | $514.98       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MELLON RESIDENTIAL FUND CORP 2000-TBC3                                    | MELLON RESIDENTIAL FUNDING COR MRFC 2000 TBC3 A1          | CUSIP: 585525EN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        545 | PA      | $534.90       | 0.00%             | 2030-12-15      | Floating      | 4.23%                 | No            |                  2 | On Loan: No      |
| BEAR STEARNS ADJ RATE MTGE TR 2003-5                                      | BEAR STEARNS ADJUSTABLE RATE M BSARM 2003 5 1A2           | CUSIP: 07384MWG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        354 | PA      | $347.91       | 0.00%             | 2033-08-25      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| BOSTON PROPERTIES LP                                                      | BOSTON PPTYS LTD PARTNERSHIP D                            | CUSIP: 10113CDT0<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              | CORP              | US        |     450000 | PA      | $448627.28    | 0.08%             | 2026-04-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | IRS EUR 3.00000 09/16/26-30Y LCH                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |          1 | NC      | $-43842.50    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                                      | GNMA II POOL MA8098 G2 06/52 FIXED 3                      | CUSIP: 36179W7K8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   13825224 | PA      | $12360298.76  | 2.32%             | 2052-06-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ONSLOW BAY MORTGAGE LOAN TRUST 2022-INV2                                  | ONSLOW BAY FINANCIAL LLC OBX 2022 INV2 A1 144A            | CUSIP: 67114WAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1478906 | PA      | $1282496.91   | 0.24%             | 2052-01-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT CNY SOLD USD 20260528                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $1439.04      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD ILS BOUGHT USD 20260610                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $1298.17      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                                  | LLOYDS BANKING GROUP PLC SR UNSECURED 11/35 VAR           | CUSIP: 539439BA6<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    1400000 | PA      | $1425010.73   | 0.27%             | 2035-11-26      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT INR SOLD USD 20260407                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $-24778.48    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2019-HY2                                        | TOWD POINT MORTGAGE TRUST TPMT 2019 HY2 A1 144A           | CUSIP: 89177HAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     136581 | PA      | $139109.03    | 0.03%             | 2058-05-25      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | OIS CAD CAONREPO/3.00000 01/13/25-8Y* LC                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CA        |          1 | NC      | $141.20       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD ILS BOUGHT USD 20260617                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $4705.63      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD ILS BOUGHT USD 20260610                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $4192.53      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NYKREDIT REALKREDIT A/S                                                   | NYKREDIT REALKREDIT A/S COVERED REGS 10/52 1.5            | CUSIP: ACI1NN643<br>LEI: LIU16F6VZJSD6UKHD557 | Long             | DBT              | CORP              | DK        |          1 | PA      | $0.13         | 0.00%             | 2052-10-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | IRS CNY R 1.50000 03/17/27-5Y BOA                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CN        |          1 | NC      | $-21621.79    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.90500 08/15/25-1Y LCH                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-4.94        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD EUR BOUGHT USD 20260414                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $425.95       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD JPY BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |          1 | NC      | $258634.52    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD THB BOUGHT USD 20260420                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TH        |          1 | NC      | $2.01         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/4.2480* 03/31/26-27Y* LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-5639.59     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD MXN BOUGHT USD 20260417                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $-1929.76     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.77259 03/04/25-30Y LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $69078.63     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD RON BOUGHT USD 20260511                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | RO        |          1 | NC      | $-1706.50     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD THB BOUGHT USD 20260617                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TH        |          1 | NC      | $-11.66       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT INR SOLD USD 20260407                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $-31073.63    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR GBP SONIO/3.50000 09/16/26-5Y LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | GB        |          1 | NC      | $-521497.89   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2024-R1                                        | VERUS SECURITIZATION TRUST VERUS 2024 R1 A1 144A          | CUSIP: 924926AA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1145870 | PA      | $1149566.05   | 0.22%             | 2069-09-25      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| FHLMC STRUCTURED PASS THRU SEC T-62                                       | FHLMC STRUCTURED PASS THROUGH FSPC T 62 1A1               | CUSIP: 31395HHV5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      10528 | PA      | $9735.39      | 0.00%             | 2044-10-25      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT CNH SOLD USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $112658.92    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                              | BARCLAYS PLC JR SUBORDINA REGS 12/99 VAR                  | CUSIP: ACI26N5G4<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |     200000 | PA      | $272396.97    | 0.05%             | 2027-09-15      | Floating      | 8.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR GBP SONIO/3.50000 03/18/26-2Y LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | GB        |          1 | NC      | $142638.48    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD TRY BOUGHT USD 20260410                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $-2586.49     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT EGP SOLD USD 20260420                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | EG        |          1 | NC      | $-15772.27    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| THE BANK OF NOVA SCOTIA                                                   | BANK OF NOVA SCOTIA COVERED REGS 09/29 0.01               | CUSIP: ACI20BTZ8<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    1200000 | PA      | $1251682.94   | 0.24%             | 2029-09-14      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD CNH BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $-148.61      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD SEK BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | SE        |          1 | NC      | $1538.97      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JYSKE REALKREDIT A/S                                                      | JYSKE REALKREDIT A/S COVERED REGS 10/50 1                 | CUSIP: ACI1CPNN9<br>LEI: 529900R9HQNZRT2OXB26 | Long             | DBT              | CORP              | DK        |          7 | PA      | $0.84         | 0.00%             | 2050-10-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT THB SOLD USD 20260420                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TH        |          1 | NC      | $-42.30       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| STRUCTURED ASSET INVESTMENT LOAN TRUST 2006-1                             | STRUCTURED ASSET INVESTMENT LO SAIL 2006 1 A4             | CUSIP: 86358EA97<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     540876 | PA      | $515428.47    | 0.10%             | 2036-01-25      | Floating      | 4.41%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT TRY SOLD USD 20260430                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $332.41       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MALAYSIA GOVT                                                             | MALAYSIA INVESTMNT ISSUE BONDS 10/32 4.193                | CUSIP: ACI24V7D3<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |    2860000 | PA      | $734954.31    | 0.14%             | 2032-10-07      | Fixed         | 4.19%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.71500 03/31/26-9Y* LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $65842.06     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT CNH SOLD USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $-109.43      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| COLOMBIAN GOVT                                                            | TITULOS DE TESORERIA BONDS 02/33 13.25                    | CUSIP: ACI2C9W52<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        | 8911000000 | PA      | $2389146.88   | 0.45%             | 2033-02-09      | Fixed         | 13.25%                | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT INR SOLD USD 20260506                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $2921.84      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                                      | GNMA II POOL MA7828 G2 01/52 FIXED 3                      | CUSIP: 36179WVV7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     921878 | PA      | $824181.14    | 0.15%             | 2052-01-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | 31750RI33 PIMCO FXVAN CALL USD HKD 7.85000000             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | US        |    -312000 | NC      | $-126.05      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD RON BOUGHT USD 20260414                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | RO        |          1 | NC      | $59.91        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/4.01528 06/30/26-27Y* LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $2598.19      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| COLOMBIAN GOVT                                                            | FWD0M1442 COLOMBIA GOVT                                   | CUSIP: 990ADDTQ0<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | US        |  273200000 | PA      | $57262.53     | 0.01%             | 2031-03-26      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT RON SOLD USD 20260414                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | RO        |          1 | NC      | $-1737.99     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.32500 07/06/26-4Y* CME                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $23150.19     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR JPY MUTK/0.75000 03/19/25-2Y LCH                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | JP        |          1 | NC      | $-65706.94    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD TWD BOUGHT USD 20260421                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |          1 | NC      | $100455.50    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | IRS CNY R 1.50000 03/17/27-5Y SCX                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CN        |          1 | NC      | $-3342.55     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT KWD SOLD USD 20260617                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-215.93      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT GBP SOLD USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |          1 | NC      | $-6182.37     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UMBS PASS THRU POOLS                                                      | FNMA TBA 30 YR 5 SINGLE FAMILY MORTGAGE                   | CUSIP: 01F050650<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   85140000 | PA      | $83869026.67  | 15.76%            | 2056-05-13      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT NZD SOLD USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | NZ        |          1 | NC      | $-23777.98    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                        | US TREASURY N/B 08/44 4.125                               | CUSIP: 912810UD8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    3875000 | PA      | $3516638.18   | 0.66%             | 2044-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT KWD SOLD USD 20260707                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-494.36      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD COP BOUGHT USD 20260818                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $-20038.78    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD DKK BOUGHT USD 20260407                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | DK        |          1 | NC      | $21144.56     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT EUR SOLD USD 20260414                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-1480.92     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RESIDENTIAL ACCREDIT LOANS 2007-QH8                                       | RESIDENTIAL ACCREDIT LOANS, IN RALI 2007 QH8 A            | CUSIP: 74924EAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     126127 | PA      | $100636.78    | 0.02%             | 2037-10-25      | Variable      | 4.79%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD TRY BOUGHT USD 20260421                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $-518.66      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | IRS AUD 3.50000 03/18/26-5Y LCH                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | AU        |          1 | NC      | $-2482109.68  | -0.47%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | OIS CAD CAONREPO/3.3000 01/18/24-9Y* LCH                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CA        |          1 | NC      | $-100789.16   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| AUSTRALIA GOVT                                                            | AUSTRALIAN GOVERNMENT SR UNSECURED REGS 06/51 1.75        | CUSIP: BMZ8B6II2<br>LEI: 213800J6B7JSBDETCB42 | Long             | DBT              | NUSS              | AU        |      50000 | PA      | $17307.40     | 0.00%             | 2051-06-21      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT TWD SOLD USD 20260416                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |          1 | NC      | $-319.66      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD RON BOUGHT USD 20260422                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | RO        |          1 | NC      | $-4852.92     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SERBIA GOVT                                                               | REPUBLIC OF SERBIA SR UNSECURED 144A 09/36 2.05           | CUSIP: ACI20JFB9<br>LEI: 254900W94OCY91V32O78 | Long             | DBT              | NUSS              | RS        |     500000 | PA      | $438125.03    | 0.08%             | 2036-09-23      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| NOMURA HOME EQUITY LOAN INC 2006-WF1                                      | NOMURA HOME EQUITY LOAN INC NHELI 2006 WF1 M2             | CUSIP: 65536RAF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      14760 | PA      | $14767.31     | 0.00%             | 2036-03-25      | Floating      | 4.23%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | CDX ITRAXX XOV44 5Y 35-100% SP CBK                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | N/A       |          1 | NC      | $40024.02     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD TRY BOUGHT USD 20260505                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $-1439.18     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.75000 09/17/25-10Y LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $62302.09     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.80611 03/03/25-30Y* LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $34265.10     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MFA 2020-NQM2 TRUST                                                       | MFRA TRUST MFRA 2020 NQM2 A1 144A                         | CUSIP: 552751AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     131543 | PA      | $129352.86    | 0.02%             | 2065-04-25      | Variable      | 1.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.75000 12/17/25-30Y LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-324852.14   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT IDR SOLD USD 20260610                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |          1 | NC      | $-2357.07     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | 31750SBH7 PIMCO FXVAN PUT USD KRW 1400.0000000            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | US        |    2132500 | NC      | $6356.98      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JAPAN GOVT                                                                | JAPAN (20 YEAR ISSUE) BONDS 09/40 0.4                     | CUSIP: ACI1S9QC9<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |   70000000 | PA      | $312273.09    | 0.06%             | 2040-09-20      | Fixed         | 0.40%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.70000 02/20/24-25Y LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $28327.67     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MF1 2022-FL8 LTD                                                          | MF1 MULTIFAMILY HOUSING MORTGA MF1 2022 FL8 A 144A        | CUSIP: 55284JAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     674810 | PA      | $675509.26    | 0.13%             | 2037-02-19      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD EUR BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $1219.90      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CARLYLE GLOBAL MARKET STRATEGIES CLO LTD 2016-3A                          | CARLYLE GLOBAL MARKET STRATEGI CGMS 2016 3A ARRR 144A     | CUSIP: 14311UBA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    1300000 | PA      | $1300840.85   | 0.24%             | 2034-07-20      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | US 10YR FUT OPTN  MAY26P 110 EXP 04/24/2026               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |        -17 | NC      | $-6326.26     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD COP BOUGHT USD 20260410                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $-16033.72    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD KWD BOUGHT USD 20300514                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $7410.31      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT EUR SOLD USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $12424.21     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT CNY SOLD USD 20260601                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $1129.07      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                   | GOLDMAN SACHS GROUP INC SR UNSECURED 10/29 VAR            | CUSIP: 38141GA46<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    1400000 | PA      | $1464811.17   | 0.28%             | 2029-10-24      | Floating      | 6.48%                 | No            |                  2 | On Loan: No      |
| STRATTON MORTGAGE FUNDING 2024-1 PLC 24-1A                                | STRATTON MORTGAGE FUNDING PLC STRA 2024 1A A 144A         | CUSIP: ACI2MKRM5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |    2371133 | PA      | $3141629.70   | 0.59%             | 2060-06-20      | Floating      | 4.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.97500 03/21/25-10Y LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-8427.56     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | OIS SGD SIBSORA/1.75000 09/16/26-5Y LCH                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | SG        |          1 | NC      | $401540.21    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED KINGDOM GOVT                                                       | UNITED KINGDOM GILT BONDS REGS 07/53 1.5                  | CUSIP: ACI215R58<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |    1100000 | PA      | $630736.65    | 0.12%             | 2053-07-31      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| GA GLOBAL FUNDING TRUST                                                   | GA GLOBAL FUNDING TRUST SECURED 144A 01/27 2.25           | CUSIP: 36143L2G9<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |     400000 | PA      | $393406.67    | 0.07%             | 2027-01-06      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD ILS BOUGHT USD 20260413                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $11569.45     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                   | GOLDMAN SACHS GROUP INC SR UNSECURED 01/32 VAR            | CUSIP: 38141GD92<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    1900000 | PA      | $1887837.04   | 0.35%             | 2032-01-21      | Floating      | 4.63%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD IDR BOUGHT USD 20260610                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |          1 | NC      | $1996.59      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.75000 12/17/25-5Y LCH                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-97423.54    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| BEAR STEARNS  STRUC PROD INC 2007-R6                                      | BEAR STEARNS STRUCTURED PRODUC BSSP 2007 R6 2A1           | CUSIP: 07402FAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       9404 | PA      | $7299.87      | 0.00%             | 2046-12-26      | Floating      | 3.92%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD INR BOUGHT USD 20260410                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $29907.96     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT CNY SOLD USD 20260626                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $-297.97      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR JPY MUTK/1.00000 06/19/24-20Y LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | JP        |          1 | NC      | $-607220.00   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT INR SOLD USD 20260407                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $-28168.60    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BPCE SA                                                                   | BPCE SA 144A 01/30 VAR                                    | CUSIP: 05571AAV7<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    1400000 | PA      | $1435414.02   | 0.27%             | 2030-01-18      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| OPTION ONE MORTGAGE LOAN TRUST 2007-1                                     | OPTION ONE MORTGAGE LOAN TRUST OOMLT 2007 1 1A1           | CUSIP: 68400DAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     257991 | PA      | $168760.55    | 0.03%             | 2037-01-25      | Floating      | 4.07%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | IRS CNY R 1.50000 03/17/27-5Y JPM                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CN        |          1 | NC      | $-3916.19     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT MXN SOLD USD 20260617                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $-19043.60    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT TRY SOLD USD 20260401                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $3.67         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD ILS BOUGHT USD 20260406                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $9256.36      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT EUR SOLD USD 20260812                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-9727.80     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ABN AMRO BANK NV                                                          | ABN AMRO BANK NV 144A 12/35 VAR                           | CUSIP: 00084DBF6<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | DBT              | CORP              | NL        |     900000 | PA      | $912856.25    | 0.17%             | 2035-12-03      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT MXN SOLD USD 20260617                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $-24046.09    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT CHF SOLD USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CH        |          1 | NC      | $-4883.43     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD INR BOUGHT USD 20260407                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $2343.55      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT MXN SOLD USD 20260610                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $-3288.08     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| WASHINGTON MUTUAL 2005-AR4                                                | WAMU MORTGAGE PASS THROUGH CER WAMU 2005 AR4 A5           | CUSIP: 92922FG77<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       5928 | PA      | $5796.99      | 0.00%             | 2035-04-25      | Floating      | 4.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD KWD BOUGHT USD 20290702                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $4104.36      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT KWD SOLD USD 20260630                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-190.57      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SOUTH KOREA GOVT                                                          | KOREA TREASURY BOND BONDS 06/28 2.625                     | CUSIP: ACI12HKN1<br>LEI: 549300O0QCVSQGPGDT58 | Long             | DBT              | NUSS              | KR        | 9018720000 | PA      | $5828943.62   | 1.09%             | 2028-06-10      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD KWD BOUGHT USD 20290503                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $17594.75     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT EUR SOLD USD 20260511                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $1481.59      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT TRY SOLD USD 20260506                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $59.62        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NIGERIA GOVT                                                              | NIGERIA OMO BILL OMO110626                                | CUSIP: 955PDHII1<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |  535000000 | PA      | $371869.29    | 0.07%             | 2026-06-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD RON BOUGHT USD 20260422                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | RO        |          1 | NC      | $-604.76      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD ILS BOUGHT USD 20260617                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $2362.18      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | CCS USD R USSOFR/JPYMUTKCALM-42.5 GLM                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | US        |          1 | NC      | $14757.27     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD TWD BOUGHT USD 20260624                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |          1 | NC      | $602.16       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT TWD SOLD USD 20270226                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |          1 | NC      | $-221772.98   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT CNY SOLD USD 20260610                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $-213.88      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | 31750RXO0 PIMCO FXVAN CALL USD SGD 1.31500000             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | US        |    1378000 | NC      | $5365.93      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | OIS CAD CAONREPO/3.00000 06/18/25-5Y LCH                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CA        |          1 | NC      | $8102.02      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                              | UBS GROUP AG SR UNSECURED 144A 01/29 VAR                  | CUSIP: 225401AF5<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |     800000 | PA      | $791005.74    | 0.15%             | 2029-01-12      | Floating      | 3.87%                 | No            |                  2 | On Loan: No      |
| WACHOVIA MORTGAGE LN TRUST LLC 2005-B                                     | WACHOVIA MORTGAGE LOAN TRUST, WMLT 2005 B 2A4             | CUSIP: 92977YBW0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      10626 | PA      | $10457.50     | 0.00%             | 2035-10-20      | Floating      | 6.71%                 | No            |                  2 | On Loan: No      |
| SAUDI ARABIA GOVT                                                         | SAUDI INTERNATIONAL BOND SR UNSECURED 144A 07/33 4.875    | CUSIP: 80413TBD0<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |     500000 | PA      | $494572.54    | 0.09%             | 2033-07-18      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| NEW ZEALAND GOVT                                                          | NEW ZEALAND GOVERNMENT UNSECURED 05/31 1.5                | CUSIP: ACI1FN6F7<br>LEI: 549300237GPHG2AI7C34 | Long             | DBT              | NUSS              | NZ        |     400000 | PA      | $201083.79    | 0.04%             | 2031-05-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT TWD SOLD USD 20260413                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |          1 | NC      | $-448.05      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                        | US TREASURY N/B 05/34 4.375                               | CUSIP: 91282CKQ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     600000 | PA      | $606410.15    | 0.11%             | 2034-05-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | 31750S451 PIMCO FXVAN PUT EUR CZK 23.90000000             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | US        |     940000 | NC      | $73.88        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/4.00000 03/18/26-30Y LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $923.99       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SAUDI ARABIA GOVT                                                         | KSA SUKUK LTD SR UNSECURED 144A 10/28 5.268               | CUSIP: 48266XAF2<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | KY        |     400000 | PA      | $405028.80    | 0.08%             | 2028-10-25      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD RON BOUGHT USD 20260414                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | RO        |          1 | NC      | $60.46        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | EURO-SCHATZ FUT   JUN26 XEUR 20260608                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | DE        |        -56 | NC      | $57987.53     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                       | SOLD EUR BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $19426.72     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                            | MORGAN STANLEY SR UNSECURED 11/36 VAR                     | CUSIP: ACI34TWL0<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     600000 | PA      | $668192.72    | 0.13%             | 2036-11-07      | Floating      | 3.75%                 | No            |                  2 | On Loan: No      |
| JP MORGAN MORTGAGE TRUST 2022-INV1                                        | JP MORGAN MORTGAGE TRUST JPMMT 2022 INV1 A3 144A          | CUSIP: 465973AC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    2372472 | PA      | $2071128.53   | 0.39%             | 2052-03-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| SPAIN GOVT                                                                | BONOS Y OBLIG DEL ESTADO SR UNSECURED 05/28 2.4           | CUSIP: ACI2T2CQ5<br>LEI: 9598007A56S18711AH60 | Long             | DBT              | NUSS              | ES        |    2850000 | PA      | $3271080.97   | 0.61%             | 2028-05-31      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD TRY BOUGHT USD 20260506                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $-99.31       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ASSET-BACKED CERT 2006-24                                     | COUNTRYWIDE ASSET BACKED CERTI CWL 2006 24 1A             | CUSIP: 23243HAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     187638 | PA      | $172719.44    | 0.03%             | 2047-06-25      | Floating      | 4.07%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT NOK SOLD USD 20260407                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | NO        |          1 | NC      | $-125.97      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | IRS CZK 4.35000 01/20/31-5Y CME                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CZ        |          1 | NC      | $-10697.38    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | IRS PLN 4.72250 12/01/30-5Y CME                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | PL        |          1 | NC      | $23697.04     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT MXN SOLD USD 20260410                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $4287.86      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD CNY BOUGHT USD 20260403                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $-400.02      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT KWD SOLD USD 20260505                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-988.86      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ROMANIA GOVT                                                              | ROMANIA SR UNSECURED REGS 01/32 2                         | CUSIP: ACI1J8690<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     100000 | PA      | $96021.10     | 0.02%             | 2032-01-28      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| NOVASTAR HOME EQUITY LOAN 2007-1                                          | NOVASTAR HOME EQUITY LOAN NHEL 2007 1 A1A                 | CUSIP: 669971AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     427220 | PA      | $280478.17    | 0.05%             | 2037-03-25      | Floating      | 4.05%                 | No            |                  2 | On Loan: No      |
| GSR MORTGAGE LOAN TRUST 2005-AR2                                          | GSR MORTGAGE LOAN TRUST GSR 2005 AR2 3A1                  | CUSIP: 36242DH89<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      25214 | PA      | $25642.52     | 0.00%             | 2035-04-25      | Floating      | 6.26%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT EUR SOLD USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-9659.73     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/4.01035 06/30/26-27Y* LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $5372.58      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD TRY BOUGHT USD 20260428                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $-501.69      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CREDICORP CAPITAL SOCIEDAD TITULIZADORA SA                                | CREDICORP CAPITAL SOCIED LOCAL GOVT G 144A REGS 12/43 1   | CUSIP: 224939AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | PE        |    1900000 | PA      | $592402.08    | 0.11%             | 2043-12-15      | Fixed         | 10.10%                | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD EUR BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $1837.20      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD INR BOUGHT USD 20260410                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $88451.25     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD KRW BOUGHT USD 20260415                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KR        |          1 | NC      | $241548.90    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT INR SOLD USD 20260407                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $-28543.77    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD RON BOUGHT USD 20260414                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | RO        |          1 | NC      | $237.12       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SOUTH KOREA GOVT                                                          | KOREA TREASURY BOND BONDS 12/28 2.375                     | CUSIP: BGGL77II0<br>LEI: 549300O0QCVSQGPGDT58 | Long             | DBT              | NUSS              | KR        | 5299000000 | PA      | $3382447.90   | 0.64%             | 2028-12-10      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/4.0520* 03/16/26-30Y* LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $1419.75      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RESIDENTIAL ASSET SEC CORP 2006-KS9                                       | RESIDENTIAL ASSET SECURITIES C RASC 2006 KS9 AI4          | CUSIP: 75406YAD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1324989 | PA      | $1149748.73   | 0.22%             | 2036-11-25      | Floating      | 4.04%                 | No            |                  2 | On Loan: No      |
| NIGERIA GOVT                                                              | NIGERIA OMO BILL OMO260629                                | CUSIP: 958ZIBII4<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        | 1380052000 | PA      | $950303.88    | 0.18%             | 2026-06-29      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| EGYPTIAN GOVT                                                             | EGYPT GOVERNMENT BOND BONDS 10/30 19.698                  | CUSIP: ACI350557<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |   26400000 | PA      | $475553.42    | 0.09%             | 2030-10-14      | Fixed         | 19.70%                | No            |                  2 | On Loan: No      |
| QUEENSLAND TREASURY CORPORATION                                           | QUEENSLAND TREASURY CORP LOCAL GOVT G 144A REGS 07/36 5   | CUSIP: ACI2KMVF3<br>LEI: 98INKCEEHOU5YJS0HQ88 | Long             | DBT              | CORP              | AU        |    2200000 | PA      | $1470183.11   | 0.28%             | 2036-07-21      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CANADA GOVT                                                               | CANADIAN GOVERNMENT BONDS 12/53 1.75                      | CUSIP: 135087M68<br>LEI: 4BFD7AQU0A75QLAHK410 | Long             | DBT              | NUSS              | CA        |     910000 | PA      | $418259.73    | 0.08%             | 2053-12-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                                     | FED HM LN PC POOL 1G0173 FH 04/35 FLOATING VAR            | CUSIP: 3128NCFN9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       6512 | PA      | $6666.65      | 0.00%             | 2035-04-01      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| BEAR STEARNS ALT-A TRUST 2005-9                                           | BEAR STEARNS ALT A TRUST BALTA 2005 9 24A1                | CUSIP: 07386HYE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       9067 | PA      | $6849.59      | 0.00%             | 2035-11-25      | Floating      | 4.57%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/4.0658* 03/13/26-20Y* LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $1362.06      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| REAL ESTATE ASSET LIQUIDITY TRUST 2020-1A                                 | REAL ESTATE ASSET LIQUIDITY TR REALT 2020 1A A2 144A      | CUSIP: 75585RRU1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | CA        |    1000000 | PA      | $694428.87    | 0.13%             | 2055-02-12      | Fixed         | 2.87%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT TWD SOLD USD 20260427                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |          1 | NC      | $-835.75      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT CNY SOLD USD 20260601                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $99.76        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| EUROHOME UK MORTGAGES 2007-1 A                                            | EUROHOME UK MORTGAGES PLC EHMU 2007 1 A REGS              | CUSIP: B1VBS4II2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |      11704 | PA      | $15472.97     | 0.00%             | 2044-06-15      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                                      | FNMA POOL CA4346 FN 10/49 FIXED 3                         | CUSIP: 3140QBZL5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     842483 | PA      | $742447.60    | 0.14%             | 2049-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT TRY SOLD USD 20260504                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $-161.60      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT BRL SOLD USD 20260702                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $258229.60    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | EURO-OAT FUTURE   JUN26 XEUR 20260608                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | DE        |       -115 | NC      | $499929.39    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                       | SOLD RON BOUGHT USD 20260429                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | RO        |          1 | NC      | $211.01       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | IRS EUR 2.35000 12/15/27-1Y (GRN) LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |          1 | NC      | $106394.05    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| FANNIEMAE WHOLE LOAN 2003-W6                                              | FANNIEMAE WHOLE LOAN FNW 2003 W6 F                        | CUSIP: 31393BX75<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       4589 | PA      | $4571.55      | 0.00%             | 2042-09-25      | Floating      | 4.13%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD EUR BOUGHT USD 20260422                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $40952.32     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT KWD SOLD USD 20260602                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-238.68      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| EUROPEAN UNION (EU)                                                       | EUROPEAN UNION SR UNSECURED REGS 12/35 3.375              | CUSIP: ACI2VLWT2<br>LEI: 529900FZRK8FGMPEOM08 | Long             | DBT              | NUSS              | N/A       |    3700000 | PA      | $4267001.98   | 0.80%             | 2035-12-12      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT IDR SOLD USD 20260427                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |          1 | NC      | $38.14        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD PLN BOUGHT USD 20260415                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $-1088.43     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.64300 08/28/24-10Y LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $20219.23     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT CNY SOLD USD 20260403                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $-139.71      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AMORTIZING RESIDENTIAL COLLAT 2001-BC6                                    | AMORTIZING RESIDENTIAL COLLATE ARC 2001 BC6 A             | CUSIP: 86358RMY0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        213 | PA      | $211.96       | 0.00%             | 2031-10-25      | Floating      | 4.49%                 | No            |                  2 | On Loan: No      |
| JAPAN GOVT                                                                | JAPAN (20 YEAR ISSUE) BONDS 09/35 1.2                     | CUSIP: ACI0GYYD8<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |  920000000 | PA      | $5256008.32   | 0.99%             | 2035-09-20      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| TREASURY CORPORATION OF VICTORIA                                          | TREASURY CORP VICTORIA LOCAL GOVT G 11/37 2               | CUSIP: ACI1Q9PP3<br>LEI: 549300ZJM7BQW1P9UV75 | Long             | DBT              | MUN               | AU        |    4700000 | PA      | $2192531.29   | 0.41%             | 2037-11-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT ILS SOLD USD 20260610                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $-94.33       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD RON BOUGHT USD 20260427                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | RO        |          1 | NC      | $1451.94      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CIFC FUNDING LTD 2017-4A                                                  | CIFC FUNDING LTD CIFC 2017 4A A1R 144A                    | CUSIP: 12551JAL0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      20297 | PA      | $20317.55     | 0.00%             | 2030-10-24      | Floating      | 4.88%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                                      | FNMA POOL 800171 FN 12/34 FLOATING VAR                    | CUSIP: 31405U6G9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |        535 | PA      | $543.75       | 0.00%             | 2034-12-01      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT THB SOLD USD 20260520                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TH        |          1 | NC      | $-5817.11     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD CNH BOUGHT USD 20260507                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $-113881.21   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE FUNDING 2024 - GRANITE 6 PLC 24-GR6A                  | TOWD POINT MORTGAGE FUNDING TPMF 2024 GR6A A1 144A        | CUSIP: ACI2NQX93<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |     749222 | PA      | $992292.21    | 0.19%             | 2053-07-20      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| STRUCTURED ASSET MTG INV INC 2005-AR2                                     | STRUCTURED ASSET MORTGAGE INVE SAMI 2005 AR2 2A1          | CUSIP: 86359LJA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       5337 | PA      | $5124.10      | 0.00%             | 2045-05-25      | Floating      | 4.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | US ULTRA BOND CBT JUN26 XCBT 20260618                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |        -38 | NC      | $159748.31    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR GBP SONIO/4.00000 09/16/26-10Y LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | GB        |          1 | NC      | $-57565.03    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD ZAR BOUGHT USD 20260422                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |          1 | NC      | $-13227.83    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT CNY SOLD USD 20260603                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $1885.96      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | IRS AUD 4.50000 06/18/25-10Y LCH                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | AU        |          1 | NC      | $-59933.64    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | REVERSE REPO BANK OF MONTREAL REVERSE REPO.               | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -97375 | PA      | $-97589.71    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD HKD BOUGHT USD 20260420                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | HK        |          1 | NC      | $263.43       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT CNH SOLD USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $-674.08      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD KWD BOUGHT USD 20300509                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $7415.42      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SAUDI ARABIA GOVT                                                         | SAUDI INTERNATIONAL BOND SR UNSECURED REGS 10/30 3.25     | CUSIP: ACI1LTCD5<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |     200000 | PA      | $187778.60    | 0.04%             | 2030-10-22      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT JPY SOLD USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |          1 | NC      | $55424.11     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BEIGNET INVESTOR LLC                                                      | BEIGNET INVESTOR LLC SR SECURED 144A 05/49 6.581          | CUSIP: 076912AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    5300000 | PA      | $5453331.39   | 1.02%             | 2049-05-30      | Fixed         | 6.58%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                                      | FNMA POOL BF0463 FN 03/60 FIXED 3                         | CUSIP: 3140FXQR6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     409451 | PA      | $356437.29    | 0.07%             | 2060-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.25000 06/18/25-10Y LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $175844.67    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD BRL BOUGHT USD 20260602                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $-13.91       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ROMANIA GOVT                                                              | ROMANIA SR UNSECURED 144A 09/26 5                         | CUSIP: ACI28TF11<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     514000 | PA      | $599341.10    | 0.11%             | 2026-09-27      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR JPY MUTK/0.85000 09/20/23-10Y LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | JP        |          1 | NC      | $-66628.79    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD NOK BOUGHT USD 20260407                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | NO        |          1 | NC      | $-807.85      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD PLN BOUGHT USD 20260415                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $-322.19      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD KWD BOUGHT USD 20290508                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $12445.47     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | IRS AUD 4.25000 03/19/25-10Y LCH                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | AU        |          1 | NC      | $-153128.92   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                                      | FNMA POOL FM7441 FN 05/51 FIXED VAR                       | CUSIP: 3140XBHT0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      65738 | PA      | $57891.78     | 0.01%             | 2051-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PROVINCE OF QUEBEC                                                        | PROVINCE OF QUEBEC SR UNSECURED 09/33 3.6                 | CUSIP: 74814ZFS7<br>LEI: 549300WN65YFEQH74Y36 | Long             | DBT              | NUSS              | CA        |    8100000 | PA      | $5792761.56   | 1.09%             | 2033-09-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                                     | FED HM LN PC POOL RA4542 FR 02/51 FIXED 2.5               | CUSIP: 3133KLBK2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     380454 | PA      | $321379.55    | 0.06%             | 2051-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SOUTH AFRICA GOVT                                                         | SOUTH AFRICAN T BILLS BILLS 01/27 0.00000                 | CUSIP: ACI3892M1<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |   11000000 | PA      | $615993.50    | 0.12%             | 2027-01-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR JPY MUTK/1.75000 09/16/26-5Y LCH                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | JP        |          1 | NC      | $113293.21    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE & CO                                                      | JPMORGAN CHASE + CO SR UNSECURED 01/37 VAR                | CUSIP: 46647PFJ0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    1400000 | PA      | $1370439.85   | 0.26%             | 2037-01-22      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| MFA 2020-NQM2 TRUST                                                       | MFRA TRUST MFRA 2020 NQM2 A3 144A                         | CUSIP: 552751AC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      47834 | PA      | $47113.95     | 0.01%             | 2065-04-25      | Variable      | 1.95%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                                      | GNMA II POOL MA7368 G2 05/51 FIXED 3                      | CUSIP: 36179WFH6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     393247 | PA      | $351571.81    | 0.07%             | 2051-05-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                     | WELLS FARGO + COMPANY SR UNSECURED 01/30 VAR              | CUSIP: 95000U4C4<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    2700000 | PA      | $2685377.26   | 0.50%             | 2030-01-23      | Floating      | 4.41%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR JPY MUT+5.89/0.0000 03/17/21-10Y LCH                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | JP        |          1 | NC      | $-904688.94   | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| RESIDENTIAL ACCREDIT LOANS INC 2007-QO2                                   | RESIDENTIAL ACCREDIT LOANS, IN RALI 2007 QO2 A1           | CUSIP: 75116AAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      20092 | PA      | $5875.61      | 0.00%             | 2047-02-25      | Floating      | 3.94%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT ILS SOLD USD 20260610                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $-543.31      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CS FIRST BOSTON MTGE SEC CORP 2003-8                                      | CREDIT SUISSE FIRST BOSTON MOR CSFB 2003 8 5A1            | CUSIP: 22541NX20<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |         67 | PA      | $69.64        | 0.00%             | 2033-04-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD MXN BOUGHT USD 20260617                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $260.95       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT CNH SOLD USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $135406.51    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD PLN BOUGHT USD 20260415                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $9118.84      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD EUR BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $1824519.28   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| CHILEAN GOVT                                                              | REPUBLIC OF CHILE SR UNSECURED 01/29 4.85                 | CUSIP: 168863EB0<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |     600000 | PA      | $607950.00    | 0.11%             | 2029-01-22      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | REVERSE REPO DEUTSCHE REVERSE REPO                        | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -191794 | PA      | $-191933.97   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ASSET-BACKED CERT 2004-15                                     | COUNTRYWIDE ASSET BACKED CERTI CWL 2004 15 MV5            | CUSIP: 126673UR1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      93843 | PA      | $93231.20     | 0.02%             | 2035-04-25      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD PLN BOUGHT USD 20260415                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $-99.54       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY HOME EQUITY LN 2007-1                                      | MORGAN STANLEY HOME EQUITY LOA MSHEL 2007 1 A2            | CUSIP: 61751QAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     688782 | PA      | $327951.63    | 0.06%             | 2036-12-25      | Floating      | 3.89%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE ALT-A SECURITIES MORTGAGE LOAN TRUST SERIES 2007-3               | DEUTSCHE ALT A SECURITIES INC DBALT 2007 3 2A1            | CUSIP: 25151KAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     409032 | PA      | $321881.65    | 0.06%             | 2047-10-25      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| GALLATIN FUNDING LTD, GALLATIN CLO VII LLC 2017-1A                        | GALLATIN LOAN MANAGEMENT, LLC GALL 2017 1A A1R 144A       | CUSIP: 36361UAL4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     975455 | PA      | $976484.19    | 0.18%             | 2031-07-15      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                        | US TREASURY N/B 11/48 3.375                               | CUSIP: 912810SE9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    2600000 | PA      | $2038257.81   | 0.38%             | 2048-11-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                                      | GNMA II POOL 080397 G2 04/30 FLOATING VAR                 | CUSIP: 36225CNP7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |         63 | PA      | $62.97        | 0.00%             | 2030-04-20      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD ZAR BOUGHT USD 20260422                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |          1 | NC      | $-12737.35    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| STRUCTURED ADJUSTABLE RATE MTG LN 2004-4                                  | STRUCTURED ADJUSTABLE RATE MOR SARM 2004 4 3A2            | CUSIP: 86359BNU1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |         59 | PA      | $58.33        | 0.00%             | 2034-04-25      | Floating      | 5.80%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD ILS BOUGHT USD 20260610                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $3180.07      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | IRS EUR 1.00000 05/18/22-5Y LCH                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |          1 | NC      | $-21590.62    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD CNH BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $1361.67      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD THB BOUGHT USD 20260423                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TH        |          1 | NC      | $-798.54      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT INR SOLD USD 20260407                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $-2856.05     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| WASHINGTON MUTUAL 2005-AR2                                                | WAMU MORTGAGE PASS THROUGH CER WAMU 2005 AR2 2A1A         | CUSIP: 92922FD21<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      13427 | PA      | $13513.21     | 0.00%             | 2045-01-25      | Floating      | 4.41%                 | No            |                  2 | On Loan: No      |
| INDYMAC INDX MTGE LOAN TRUST 2005-AR12                                    | INDYMAC INDX MORTGAGE LOAN TRU INDX 2005 AR12 2A1A        | CUSIP: 45660LMG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       6704 | PA      | $6334.23      | 0.00%             | 2035-07-25      | Floating      | 4.27%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | 31750RH75 PIMCO FXVAN CALL USD HKD 7.80000000             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | US        |    1273000 | NC      | $1937.51      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                     | WELLS FARGO + COMPANY SR UNSECURED 01/30 VAR              | CUSIP: 95000U3J0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    1200000 | PA      | $1218973.08   | 0.23%             | 2030-01-23      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| INTESA SANPAOLO SPA                                                       | INTESA SANPAOLO SPA 144A 11/33 VAR                        | CUSIP: 46115HBV8<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |     700000 | PA      | $806966.11    | 0.15%             | 2033-11-21      | Floating      | 8.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD COP BOUGHT USD 20260410                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $-12627.60    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT MXN SOLD USD 20260610                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $-890.69      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA (VMED O2 UK FINANCING I PLC)                                 | VMED O2 UK FINANCING I SR SECURED 144A 01/33 6.75         | CUSIP: 92858RAE0<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |     300000 | PA      | $268437.09    | 0.05%             | 2033-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD EUR BOUGHT USD 20260414                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-1224.62     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT SGD SOLD USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | SG        |          1 | NC      | $-262.65      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                                      | FNMA POOL BF0334 FN 01/59 FIXED 3.5                       | CUSIP: 3140FXLQ3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     733751 | PA      | $665992.83    | 0.13%             | 2059-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CRNCL-2019-11A                                                            | CAIRN CLO BV CRNCL 2019 11A AR 144A                       | CUSIP: ACI34RX33<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |    1200000 | PA      | $1386264.48   | 0.26%             | 2040-01-15      | Floating      | 3.19%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD INR BOUGHT USD 20260424                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $-3722.37     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD THB BOUGHT USD 20260420                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TH        |          1 | NC      | $10154.47     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD JPY BOUGHT USD 20260507                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |          1 | NC      | $-27032.54    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT IDR SOLD USD 20260610                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |          1 | NC      | $-2004.94     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | US 2YR NOTE (CBT) JUN26 XCBT 20260630                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |       -135 | NC      | $197716.14    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD INR BOUGHT USD 20260430                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $-2146.50     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT THB SOLD USD 20260420                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TH        |          1 | NC      | $-8349.88     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SOUTH AFRICA GOVT                                                         | SOUTH AFRICAN T BILLS BILLS 06/26 0.00000                 | CUSIP: ACI30CS02<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    4900000 | PA      | $286064.15    | 0.05%             | 2026-06-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD RON BOUGHT USD 20260416                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | RO        |          1 | NC      | $1252.78      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CANADA GOVT                                                               | CANADIAN GOVERNMENT RRB BONDS 12/44 1.5                   | CUSIP: 135087ZH0<br>LEI: 4BFD7AQU0A75QLAHK410 | Long             | DBT              | NUSS              | CA        |     570936 | PA      | $393038.55    | 0.07%             | 2044-12-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2020-2                                          | TOWD POINT MORTGAGE TRUST TPMT 2020 2 A1A 144A            | CUSIP: 89176UAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     513710 | PA      | $470048.73    | 0.09%             | 2060-04-25      | Variable      | 1.64%                 | No            |                  2 | On Loan: No      |
| KUWAIT GOVT                                                               | KUWAIT INTL BOND SR UNSECURED 144A 10/28 4.016            | CUSIP: 501499AD9<br>LEI: 549300FSC1YD0D9XX589 | Long             | DBT              | NUSS              | KW        |    1300000 | PA      | $1282383.18   | 0.24%             | 2028-10-09      | Fixed         | 4.02%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT RON SOLD USD 20260414                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | RO        |          1 | NC      | $738.27       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| COLOMBIAN GOVT                                                            | TITULOS DE TESORERIA BONDS 07/46 11.5                     | CUSIP: ACI2Q1VT3<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   36000000 | PA      | $8684.82      | 0.00%             | 2046-07-25      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD SGD BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | SG        |          1 | NC      | $162398.94    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST 2021-INV1                             | GS MORTGAGE BACKED SECURITIES GSMBS 2021 INV1 A2 144A     | CUSIP: 36263KAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     287915 | PA      | $240080.80    | 0.05%             | 2051-12-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT MXN SOLD USD 20260410                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $7708.81      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SANTANDER HOLDINGS USA INC                                                | SANTANDER HOLDINGS USA SR UNSECURED 05/27 VAR             | CUSIP: 80282KBK1<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |     600000 | PA      | $601243.66    | 0.11%             | 2027-05-31      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORPORATION                                               | BANK OF AMERICA CORP SR UNSECURED 04/38 VAR               | CUSIP: 06051GGM5<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     600000 | PA      | $543734.21    | 0.10%             | 2038-04-24      | Floating      | 4.24%                 | No            |                  2 | On Loan: No      |
| UNITED KINGDOM GOVT                                                       | UNITED KINGDOM GILT BONDS REGS 10/50 0.625                | CUSIP: BMBL1FII0<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |    1300000 | PA      | $598676.40    | 0.11%             | 2050-10-22      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD MYR BOUGHT USD 20260415                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MY        |          1 | NC      | $279864.36    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| MAN GLG EURO CLO V DAC 5A                                                 | MAN GLG EURO CLO GLGE 5A A1R 144A                         | CUSIP: ACI1WBHS4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |      21492 | PA      | $24872.80     | 0.00%             | 2031-12-15      | Floating      | 2.84%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD INR BOUGHT USD 20260407                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $65425.66     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | IRS KRW 2.75000 03/18/26-10Y LCH                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | KR        |          1 | NC      | $-640251.65   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE & CO                                                      | JPMORGAN CHASE + CO SR UNSECURED 01/30 VAR                | CUSIP: 46647PEB8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    1700000 | PA      | $1724026.12   | 0.32%             | 2030-01-23      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | 31750SCJ2 PIMCO FXVAN PUT USD KRW 1400.0000000            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | US        |     248747 | NC      | $793.75       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD TRY BOUGHT USD 20260429                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $-1463.83     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT IDR SOLD USD 20260416                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |          1 | NC      | $-1325.44     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD EUR BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $7030.87      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT SEK SOLD USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | SE        |          1 | NC      | $-30116.03    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ALTERNATIVE LN TR 2005-56                                     | COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2005 56 2A3          | CUSIP: 12668ALV5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       3385 | PA      | $3134.01      | 0.00%             | 2035-11-25      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD EUR BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $2271.51      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RESIDENTIAL ACCREDIT LOANS 2006-QO6                                       | RESIDENTIAL ACCREDIT LOANS, IN RALI 2006 QO6 A1           | CUSIP: 75114NAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     230739 | PA      | $46618.13     | 0.01%             | 2046-06-25      | Floating      | 4.15%                 | No            |                  2 | On Loan: No      |
| CANADA GOVT                                                               | CANADIAN GOVERNMENT BONDS 12/33 3.25                      | CUSIP: 135087Q72<br>LEI: 4BFD7AQU0A75QLAHK410 | Long             | DBT              | NUSS              | CA        |    1600000 | PA      | $1144790.59   | 0.22%             | 2033-12-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| NEW SOUTH WALES TREASURY CORPORATION                                      | NEW S WALES TREASURY CRP LOCAL GOVT G REGS 03/34 1.75     | CUSIP: ACI1ZX259<br>LEI: TC7LRO17HPNPLTAV0H77 | Long             | DBT              | NUSS              | AU        |    4900000 | PA      | $2585331.66   | 0.49%             | 2034-03-20      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                                      | FNMA POOL CB6030 FN 04/53 FIXED 4.5                       | CUSIP: 3140QRVY6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     215479 | PA      | $208705.61    | 0.04%             | 2053-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR CHF SRFXON3/0.29400 02/10/22-5Y LCH                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CH        |          1 | NC      | $21606.95     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD COP BOUGHT USD 20260617                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $-11012.92    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT TRY SOLD USD 20260504                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $122.93       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI TRUST BANK LIMITED                                        | SUMITOMO MITSUI TR BK LT SR UNSECURED 144A 09/30 4.35     | CUSIP: 86563VCF4<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |    1000000 | PA      | $994715.91    | 0.19%             | 2030-09-11      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT MXN SOLD USD 20260415                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $6918.27      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD KRW BOUGHT USD 20260410                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KR        |          1 | NC      | $5758.19      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | OIS CAD CAONREPO/2.8800 12/04/24-9Y* LCH                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CA        |          1 | NC      | $17959.89     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.58600 08/19/24-10Y LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $15482.94     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                                      | FNMA POOL FM1796 FN 10/34 FIXED VAR                       | CUSIP: 3140X47J9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      50681 | PA      | $49656.41     | 0.01%             | 2034-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD PEN BOUGHT USD 20260716                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PE        |          1 | NC      | $10275.09     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD TRY BOUGHT USD 20260403                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $-2853.37     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAPITAL DAC / AERCAP GLOBAL AVIATION TRUST                 | AERCAP IRELAND CAP/GLOBA COMPANY GUAR 10/26 2.45          | CUSIP: 00774MAV7<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |     600000 | PA      | $593486.68    | 0.11%             | 2026-10-29      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| PERU GOVT                                                                 | REPUBLIC OF PERU SR UNSECURED REGS 08/31 6.95             | CUSIP: 715638BE1<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    2241000 | PA      | $698445.75    | 0.13%             | 2031-08-12      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT TRY SOLD USD 20260427                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $3744.99      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JUBILEE CLO 2016-XVII BV 16-17A                                           | JUBILEE CDO BV JUBIL 2016 17A A2RR 144A                   | CUSIP: ACI1W2W24<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |     209991 | PA      | $243020.12    | 0.05%             | 2031-04-15      | Floating      | 2.67%                 | No            |                  2 | On Loan: No      |
| CARVAL CLO LTD 2018-1A                                                    | CARVAL CLO LTD CARVL 2018 1A AR 144A                      | CUSIP: 146865AJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     268763 | PA      | $269042.20    | 0.05%             | 2031-07-16      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT RON SOLD USD 20260429                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | RO        |          1 | NC      | $-471.46      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | OIS CAD CAONREPO/3.2500 03/15/23-10Y LCH                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CA        |          1 | NC      | $-32043.57    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| ROMANIA GOVT                                                              | ROMANIA SR UNSECURED 144A 03/30 5.25                      | CUSIP: ACI2TMXJ4<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     400000 | PA      | $469316.80    | 0.09%             | 2030-03-10      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.82761 12/30/22-9Y* LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-16398.08    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| NEW SOUTH WALES TREASURY CORPORATION                                      | NEW S WALES TREASURY CRP LOCAL GOVT G 03/33 2             | CUSIP: ACI1KFVM5<br>LEI: TC7LRO17HPNPLTAV0H77 | Long             | DBT              | NUSS              | AU        |    4100000 | PA      | $2295369.74   | 0.43%             | 2033-03-08      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | CDX ITRAXX XOV44 5Y 35-100% SP BOA                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | N/A       |          1 | NC      | $20012.03     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | LONG GILT FUTURE  JUN26 IFLL 20260626                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | GB        |        167 | NC      | $-971437.05   | -0.18%            |  |  |  | No            |                  1 | On Loan: No      |
| FANNIE MAE 2006-5                                                         | FANNIE MAE FNR 2006 5 3A2                                 | CUSIP: 31394VL73<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       1218 | PA      | $1241.51      | 0.00%             | 2035-05-25      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| NORDEA KREDIT REALKREDITAKTIESELSKAB                                      | NORDEA KREDIT REALKREDIT COVERED REGS 10/50 1             | CUSIP: BK99HJII9<br>LEI: 52990080NNXXLC14OC65 | Long             | DBT              | CORP              | DK        |          3 | PA      | $0.39         | 0.00%             | 2050-10-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD AUD BOUGHT USD 20260504                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | AU        |          1 | NC      | $-141588.87   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD EUR BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $14542.88     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD KZT BOUGHT USD 20260610                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KZ        |          1 | NC      | $-2025.75     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD CNY BOUGHT USD 20260401                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $367.05       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | EUROCLEAR  92707 REPO REPO EUR                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | RA               |  | LU        |     852310 | PA      | $985142.70    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD NZD BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | NZ        |          1 | NC      | $105226.24    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD TRY BOUGHT USD 20260430                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $-3555.31     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PREFERRED TERM SECS XVII LTD                                              | PREFERRED TERM SECS XVII SECURED 144A 06/35 VAR           | CUSIP: 74042EAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     218593 | PA      | $212581.40    | 0.04%             | 2035-06-23      | Floating      | 4.34%                 | No            |                  2 | On Loan: No      |
| GPMT LTD 2021-FL4                                                         | GPMT LTD. GPMT 2021 FL4 A 144A                            | CUSIP: 36262TAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     910397 | PA      | $909237.71    | 0.17%             | 2036-12-15      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| THAILAND GOVT                                                             | THAILAND GOVERNMENT BOND SR UNSECURED 06/40 2.7           | CUSIP: ACI2SCV91<br>LEI: 254900PHJ6MSKT6C7026 | Long             | DBT              | NUSS              | TH        |  108100000 | PA      | $3227725.71   | 0.61%             | 2040-06-17      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| EXTRA SPACE STORAGE LP                                                    | EXTRA SPACE STORAGE LP                                    | CUSIP: 30227QDN3<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              | CORP              | US        |     250000 | PA      | $249380.98    | 0.05%             | 2026-04-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD EUR BOUGHT USD 20260511                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $2942.40      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT THB SOLD USD 20260420                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TH        |          1 | NC      | $-5783.64     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | CCS USD R USSOFR/JPYMUTKCALM-35.65 CBK                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | US        |          1 | NC      | $340039.81    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| NORDEA KREDIT REALKREDITAKTIESELSKAB                                      | NORDEA KREDIT REALKREDIT COVERED 10/50 1.5                | CUSIP: BH3VWJII6<br>LEI: 52990080NNXXLC14OC65 | Long             | DBT              | CORP              | DK        |          1 | PA      | $0.15         | 0.00%             | 2050-10-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| SPAIN GOVT                                                                | BONOS Y OBLIG DEL ESTADO SR UNSECURED 144A REGS 10/34 3   | CUSIP: ACI2PBKR8<br>LEI: 9598007A56S18711AH60 | Long             | DBT              | NUSS              | ES        |    7360000 | PA      | $8556228.41   | 1.61%             | 2034-10-31      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT EUR SOLD USD 20260422                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-152.61      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT MXN SOLD USD 20260617                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $-9013.01     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ASB BANK LIMITED                                                          | ASB BANK LIMITED COVERED REGS 05/31 0.25                  | CUSIP: ACI1XR0B3<br>LEI: 549300IBZWZL1KTPF918 | Long             | DBT              | CORP              | NZ        |    1331000 | PA      | $1324213.68   | 0.25%             | 2031-05-21      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| SAUDI ARABIA GOVT                                                         | SAUDI INTERNATIONAL BOND SR UNSECURED 144A 01/28 4.75     | CUSIP: 80413TBC2<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |    1600000 | PA      | $1604309.07   | 0.30%             | 2028-01-18      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CANADA GOVT                                                               | CANADIAN GOVERNMENT BONDS 06/34 3                         | CUSIP: 135087R48<br>LEI: 4BFD7AQU0A75QLAHK410 | Long             | DBT              | NUSS              | CA        |    2300000 | PA      | $1611905.06   | 0.30%             | 2034-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.9314* 02/06/25-30Y* LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $10728.05     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT ZAR SOLD USD 20260420                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |          1 | NC      | $5645.73      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD CHF BOUGHT USD 20260504                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CH        |          1 | NC      | $4409.65      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UMBS PASS THRU POOLS                                                      | FNMA TBA 30 YR 6 SINGLE FAMILY MORTGAGE                   | CUSIP: 01F060667<br>LEI: N/A                  | Short            | ABS-MBS          | USGSE             | US        |    -300000 | PA      | $-305364.80   | -0.06%            | 2056-06-11      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD ZAR BOUGHT USD 20261221                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |          1 | NC      | $-4257.87     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST 2023-NQM1                             | NEW RESIDENTIAL MORTGAGE LOAN NRZT 2023 NQM1 A1A 144A     | CUSIP: 64831HAM5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     379247 | PA      | $382335.83    | 0.07%             | 2063-10-25      | Fixed         | 6.86%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                     | WELLS FARGO + COMPANY SR UNSECURED 10/29 VAR              | CUSIP: 95000U3G6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     900000 | PA      | $937470.89    | 0.18%             | 2029-10-23      | Floating      | 6.30%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT MXN SOLD USD 20260413                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $6466.44      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UMBS PASS THRU POOLS                                                      | FNMA TBA 30 YR 5 SINGLE FAMILY MORTGAGE                   | CUSIP: 01F050643<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   15410000 | PA      | $15199823.32  | 2.86%             | 2056-04-13      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD TRY BOUGHT USD 20260422                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $-2310.29     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | 31750RIH2 PIMCO FXVAN CALL USD HKD 7.80000000             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | US        |    1995000 | NC      | $2868.81      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT INR SOLD USD 20260424                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $3968.21      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD NOK BOUGHT USD 20260407                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | NO        |          1 | NC      | $147.41       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT CNY SOLD USD 20260617                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $10.78        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD TWD BOUGHT USD 20260626                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |          1 | NC      | $21004.65     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD AUD BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | AU        |          1 | NC      | $13843.02     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD EUR BOUGHT USD 20260408                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $33075.20     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD BRL BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $-1185.33     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CREDIT SUISSE MORTGAGE CAP CERT 2007-1                                    | CREDIT SUISSE MORTGAGE TRUST CSMC 2007 1 1A6A             | CUSIP: 126378AL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     141482 | PA      | $30686.21     | 0.01%             | 2037-02-25      | Fixed         | 5.86%                 | No            |                  2 | On Loan: No      |
| PERU GOVT                                                                 | REPUBLIC OF PERU SR UNSECURED 144A 08/32 6.15             | CUSIP: 715638BY7<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    5000000 | PA      | $1502600.65   | 0.28%             | 2032-08-12      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| CHINA DEVELOPMENT BANK                                                    | CHINA DEVELOPMENT BANK UNSECURED 01/34 2.63               | CUSIP: ACI2MPQS2<br>LEI: 300300C1020111000029 | Long             | DBT              | CORP              | CN        |  126910000 | PA      | $19414022.44  | 3.65%             | 2034-01-08      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD PEN BOUGHT USD 20270121                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PE        |          1 | NC      | $37220.09     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| WASHINGTON MUTUAL 2006-AR5                                                | WAMU MORTGAGE PASS THROUGH CER WAMU 2006 AR5 A12A         | CUSIP: 93362YAB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      12526 | PA      | $11922.90     | 0.00%             | 2046-06-25      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| TREASURY CORPORATION OF VICTORIA                                          | TREASURY CORP VICTORIA LOCAL GOVT G REGS 09/33 2.25       | CUSIP: BNDC0SII9<br>LEI: 549300ZJM7BQW1P9UV75 | Long             | DBT              | MUN               | AU        |    2300000 | PA      | $1281425.85   | 0.24%             | 2033-09-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD CNH BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $110.48       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | 31750SHO6 PIMCO FXVAN PUT EUR CZK 24.04000000             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | US        |     528000 | NC      | $307.58       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PALMER SQUARE EUROPEAN LOAN FUNDING 2025-3 DAC 25-3A                      | PALMER SQUARE EUROPEAN LOAN FU PSTET 2025 3A A 144A       | CUSIP: ACI309N95<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |    1100000 | PA      | $1271577.39   | 0.24%             | 2035-07-15      | Floating      | 3.05%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOUTH KOREA GOVT AS BP MYC                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |          1 | NC      | $-11876.11    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT PLN SOLD USD 20260415                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $-16132.25    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.42145 07/06/26-4Y* LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $623.92       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD TWD BOUGHT USD 20260420                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |          1 | NC      | $19354.19     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT CNY SOLD USD 20260630                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $-454.98      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | CCS USD R US SOFR/GBP SONIA-30.05 GLM                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | US        |          1 | NC      | $-32072.25    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT TRY SOLD USD 20260424                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $2546.28      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TREASURY CORPORATION OF VICTORIA                                          | TREASURY CORP VICTORIA LOCAL GOVT G REGS 09/33 2.25       | CUSIP: BKVDQPII1<br>LEI: 549300ZJM7BQW1P9UV75 | Long             | DBT              | MUN               | AU        |    2700000 | PA      | $1504282.52   | 0.28%             | 2033-09-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT TWD SOLD USD 20260421                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |          1 | NC      | $-891.44      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT MXN SOLD USD 20260617                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $-33492.34    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                                     | FED HM LN PC POOL SD8331 FR 06/53 FIXED 5.5               | CUSIP: 3132DWHG1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     755876 | PA      | $762392.59    | 0.14%             | 2053-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | IRS EUR 2.75000 09/16/26-10Y LCH                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |          1 | NC      | $-1073602.23  | -0.20%            |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORPORATION                                               | BANK OF AMERICA CORP SR UNSECURED 07/31 VAR               | CUSIP: 06051GJF7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     100000 | PA      | $89087.48     | 0.02%             | 2031-07-23      | Floating      | 1.90%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.83603 12/02/24-9Y* LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-2067.11     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA (VMED O2 UK FINANCING I PLC)                                 | VMED O2 UK FINANCING I SR SECURED 144A 04/32 5.625        | CUSIP: ACI2NJDT7<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |    1600000 | PA      | $1704459.18   | 0.32%             | 2032-04-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PETRONAS CAPITAL LIMITED                                                  | PETRONAS CAPITAL LTD COMPANY GUAR 144A 04/50 4.55         | CUSIP: 716743AR0<br>LEI: 549300G7YFX3540OYR85 | Long             | DBT              | CORP              | MY        |     200000 | PA      | $172149.99    | 0.03%             | 2050-04-21      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| ROMANIA GOVT                                                              | ROMANIA SR UNSECURED 144A 09/31 5.125                     | CUSIP: ACI2R9YZ8<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     900000 | PA      | $1033128.98   | 0.19%             | 2031-09-24      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR EUR ESTRON/2.17000 12/15/27-1Y LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |          1 | NC      | $-102856.22   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| SOUTH AFRICA GOVT                                                         | REPUBLIC OF SOUTH AFRICA NOTES 12/26 10.5                 | CUSIP: ACI34X960<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    6300000 | PA      | $380366.05    | 0.07%             | 2026-12-21      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| ARGENT SECURITIES INC 2005-W4                                             | ARGENT SECURITIES INC. ARSI 2005 W4 A2D                   | CUSIP: 040104PT2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1100906 | PA      | $903987.14    | 0.17%             | 2036-02-25      | Floating      | 4.55%                 | No            |                  2 | On Loan: No      |
| EXPORT DEVELOPMENT CANADA (EDC)                                           | EXPORT DEVELOPMNT CANADA EXPORT DEVELOPMNT CANADA         | CUSIP: ACI2N3ML9<br>LEI: Z6MHCSLXHKYG4B6PHW02 | Long             | DBT              | CORP              | CA        |   84800000 | PA      | $877005.38    | 0.16%             | 2029-03-11      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT PLN SOLD USD 20260415                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $-16435.64    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.86500 05/15/25-5Y LCH                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-4991.04     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | 31750RI25 PIMCO FXVAN CALL USD HKD 7.80000000             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | US        |     312000 | NC      | $474.86       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD THB BOUGHT USD 20260420                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TH        |          1 | NC      | $2491.14      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FREDDIE MAC 3397                                                          | FREDDIE MAC FHR 3397 FC                                   | CUSIP: 31397PLU2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       1757 | PA      | $1755.08      | 0.00%             | 2037-12-15      | Floating      | 4.39%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT MXN SOLD USD 20260917                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $-3110.14     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT TRY SOLD USD 20260429                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $476.95       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PIMCO FUNDS                                                               | PIMCO PRV SHORT TERM FLT III MUTUAL FUND                  | CUSIP: 000000000<br>LEI: LWVQWTQCFH3YG7CVH718 | Long             | STIV             | RF                | US        |     386958 | PA      | $3768588.07   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                       | SOLD ILS BOUGHT USD 20260505                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $-3801.53     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD PLN BOUGHT USD 20260415                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $630.99       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | IRS NOK 3.75000 03/18/26-5Y LCH                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | NO        |          1 | NC      | $-96664.61    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| SOUNDVIEW HOME EQUITY LN TR 2006-3                                        | SOUNDVIEW HOME EQUITY LOAN TRU SVHE 2006 3 A4             | CUSIP: 83612HAD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     815449 | PA      | $783120.92    | 0.15%             | 2036-11-25      | Floating      | 4.29%                 | No            |                  2 | On Loan: No      |
| TURKEY GOVT                                                               | TURKIYE CENTR BANK BILL BILLS 04/26 0.00000               | CUSIP: ACI38VBK6<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   27000000 | PA      | $603058.03    | 0.11%             | 2026-04-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| RENAISSANCE HOME EQUITY LOAN TR 2007-2                                    | RENAISSANCE HOME EQUITY LOAN T RAMC 2007 2 AF2            | CUSIP: 75970QAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1052817 | PA      | $245287.77    | 0.05%             | 2037-06-25      | Variable      | 5.67%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT IDR SOLD USD 20260413                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |          1 | NC      | $-1781.38     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD PEN BOUGHT USD 20270128                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PE        |          1 | NC      | $146552.78    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | IRS AUD 4.50000 03/19/25-10Y LCH                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | AU        |          1 | NC      | $-79961.44    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| ROMANIA GOVT                                                              | ROMANIA SR UNSECURED REGS 07/31 2.124                     | CUSIP: ACI1D66B5<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     100000 | PA      | $99300.25     | 0.02%             | 2031-07-16      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.53200 08/20/24-10Y LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $8558.05      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CASSA DEPOSITI E PRESTITI SOCIETA PER AZIONI                              | CASSA DEPOSITI E PRESTIT SR UNSECURED 144A 05/26 5.75     | CUSIP: 147918AB2<br>LEI: 81560029E2CE4D14F425 | Long             | DBT              | MUN               | IT        |     900000 | PA      | $901205.11    | 0.17%             | 2026-05-05      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ITALY GOVT                                                                | ITALY GOV T INT BOND SR UNSECURED REGS 08/28 6            | CUSIP: 551287II8<br>LEI: 815600DE60799F5A9309 | Long             | DBT              | NUSS              | IT        |     400000 | PA      | $541463.77    | 0.10%             | 2028-08-04      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| STRUCTURED ASSET MTG INV INC 2004-AR3                                     | STRUCTURED ASSET MORTGAGE INVE SAMI 2004 AR3 1A2          | CUSIP: 86359LBY4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        192 | PA      | $185.37       | 0.00%             | 2034-07-19      | Floating      | 4.37%                 | No            |                  2 | On Loan: No      |
| JAPAN GOVT                                                                | JAPAN (30 YEAR ISSUE) BONDS 03/51 0.7                     | CUSIP: BNKDTMII1<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |  160000000 | PA      | $530886.87    | 0.10%             | 2051-03-20      | Fixed         | 0.70%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD SEK BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | SE        |          1 | NC      | $1152.28      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT IDR SOLD USD 20260427                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |          1 | NC      | $124.72       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD TRY BOUGHT USD 20260409                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $-1269.92     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT INR SOLD USD 20260407                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $-32465.20    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| RENAISSANCE HOME EQ LN TRUST 2002-3                                       | RENAISSANCE HOME EQUITY LOAN T RAMC 2002 3 M2             | CUSIP: 75970NAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      87666 | PA      | $77069.58     | 0.01%             | 2032-12-25      | Floating      | 6.34%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT CNY SOLD USD 20260401                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $2601.26      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT AUD SOLD USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | AU        |          1 | NC      | $141374.13    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT KZT SOLD USD 20260805                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KZ        |          1 | NC      | $1010.14      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ARGENTINA GOVT                                                            | REPUBLIC OF ARGENTINA SR UNSECURED 07/29 1                | CUSIP: 040114HX1<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |       3528 | PA      | $3104.20      | 0.00%             | 2029-07-09      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.50000 03/18/26-5Y LCH                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $154192.85    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT IDR SOLD USD 20260427                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |          1 | NC      | $-2870.14     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | CDX ITRAXX XOV44 5Y 35-100% SP BPS                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | N/A       |          1 | NC      | $340202.13    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| SOUTH AUSTRALIAN GOVERNMENT FINANCING AUTHORITY                           | SOUTH AUST GOVT FIN AUTH LOCAL GOVT G REGS 05/35 4.75     | CUSIP: ACI2ZFSY5<br>LEI: 254900TDPILDN6AUAD69 | Long             | DBT              | MUN               | AU        |    1100000 | PA      | $716140.69    | 0.13%             | 2035-05-24      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GACI FIRST INVESTMENT COMPANY                                             | GACI FIRST INVESTMENT COMPANY GUAR REGS 01/34 5.25        | CUSIP: ACI2MLG86<br>LEI: 558600TU1PWGNLZ3XM88 | Long             | DBT              | CORP              | KY        |     600000 | PA      | $596034.14    | 0.11%             | 2034-01-29      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| KBC GROEP NV                                                              | KBC GROUP NV SR UNSECURED 144A 01/29 VAR                  | CUSIP: 48241FAB0<br>LEI: 213800X3Q9LSAKRUWY91 | Long             | DBT              | CORP              | BE        |     800000 | PA      | $818022.83    | 0.15%             | 2029-01-19      | Floating      | 5.80%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE GROUP AG                                                    | CS AT1 CLAIMS US22546DAB29 CREDIT SUISSE GROUP AG         | CUSIP: 952NPKII9<br>LEI: 549300506SI9CRFV9Z86 | Long             | DBT              | CORP              | US        |     300000 | PA      | $105000.00    | 0.02%             | 2060-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/4.22715 03/31/26-27Y* LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-1071.36     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD BRL BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $-681.48      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| STRUCTURED ASSET MTG INV INC 2004-AR1                                     | STRUCTURED ASSET MORTGAGE INVE SAMI 2004 AR1 1A2          | CUSIP: 86359LAQ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        744 | PA      | $715.59       | 0.00%             | 2034-03-19      | Floating      | 4.49%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/4.08244 06/30/26-27Y* LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $1270.94      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| QUEENSLAND TREASURY CORPORATION                                           | QUEENSLAND TREASURY CORP LOCAL GOVT G 144A REGS 07/34 1   | CUSIP: ACI1KDG39<br>LEI: 98INKCEEHOU5YJS0HQ88 | Long             | DBT              | CORP              | AU        |    1600000 | PA      | $831274.06    | 0.16%             | 2034-07-20      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.50000 09/17/25-30Y LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $155915.56    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ASSET BACKED CERTS 2006-BC5                                   | COUNTRYWIDE ASSET BACKED CERTI CWL 2006 BC5 1A            | CUSIP: 12666SAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     871665 | PA      | $818957.37    | 0.15%             | 2037-03-25      | Floating      | 4.07%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD INR BOUGHT USD 20260407                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $30412.56     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                        | TSY INFL IX N/B 04/29 3.875                               | CUSIP: 912810FH6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     989130 | PA      | $1067370.66   | 0.20%             | 2029-04-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE HOME LOANS 2004-25                                            | COUNTRYWIDE HOME LOANS CWHL 2004 25 1A1                   | CUSIP: 12669GJY8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       2066 | PA      | $1966.61      | 0.00%             | 2035-02-25      | Floating      | 4.45%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD RON BOUGHT USD 20260416                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | RO        |          1 | NC      | $225.10       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT JPY SOLD USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |          1 | NC      | $4114.22      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | CDX IG46 5Y ICE                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |          1 | NC      | $-58061.05    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| STRUCTURED ASSET SEC CORP 2006-RF1                                        | STRUCTURED ASSET SECURITIES CO SASC 2006 RF1 1A 144A      | CUSIP: 86359DXP7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     145137 | PA      | $121405.60    | 0.02%             | 2036-01-25      | Floating      | 4.07%                 | No            |                  2 | On Loan: No      |
| RESIDENTIAL ASSET MORTGAGE PROD 2005-NC1                                  | RESIDENTIAL ASSET MORTGAGE PRO RAMP 2005 NC1 AII          | CUSIP: 76112BR36<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     162957 | PA      | $150321.49    | 0.03%             | 2035-12-25      | Floating      | 4.23%                 | No            |                  2 | On Loan: No      |
| SOUTH AFRICA GOVT                                                         | REPUBLIC OF SOUTH AFRICA BONDS 03/36 6.25                 | CUSIP: B1W32LII9<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    5000000 | PA      | $237517.91    | 0.04%             | 2036-03-31      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GOLDEN STATE TOBACCO SECURITIZATION                                       | GOLDEN ST TOBACCO SECURITIZATI GLDGEN 06/26 FIXED 2.158   | CUSIP: 38122NC59<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     600000 | PA      | $597901.26    | 0.11%             | 2026-06-01      | Fixed         | 2.16%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR JPY MUTK/0.0500 12/15/21-10Y LCH                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | JP        |          1 | NC      | $-263683.86   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT EUR SOLD USD 20260429                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-243.32      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD ZAR BOUGHT USD 20260513                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |          1 | NC      | $-13083.64    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE & CO                                                      | JPMORGAN CHASE + CO SR UNSECURED 01/36 VAR                | CUSIP: 46647PEW2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    1300000 | PA      | $1331062.53   | 0.25%             | 2036-01-24      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY MORTGAGE LN TR-2006-8AR                                    | MORGAN STANLEY MORTGAGE LOAN T MSM 2006 8AR 5A4           | CUSIP: 61749LAP6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       7181 | PA      | $7022.54      | 0.00%             | 2036-06-25      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | OIS INR MIBOR/5.75000 03/18/26-5Y LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | IN        |          1 | NC      | $32682.69     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT NOK SOLD USD 20260407                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | NO        |          1 | NC      | $-455.99      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | CDX IG46 10Y ICE                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |          1 | NC      | $-4730.72     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.95913 02/12/25-30Y* LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $37202.32     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD ZAR BOUGHT USD 20260722                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |          1 | NC      | $-19662.85    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT GBP SOLD USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |          1 | NC      | $-3528.78     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| STRUCTURED ASSEET MTGE INV INC 2002-AR3                                   | STRUCTURED ASSET MORTGAGE INVE SAMI 2002 AR3 A1           | CUSIP: 86358HNX3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        107 | PA      | $101.16       | 0.00%             | 2032-09-19      | Floating      | 4.45%                 | No            |                  2 | On Loan: No      |
| TEXAS NATURAL GAS SECURITIZATION FINANCE CORP                             | TEXAS NATURAL GAS SECURITIZTN TNGUTL 04/35 FIXED 5.102    | CUSIP: 88258MAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     251192 | PA      | $257429.54    | 0.05%             | 2035-04-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD INR BOUGHT USD 20260818                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $44102.87     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD JPY BOUGHT USD 20260507                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |          1 | NC      | $-22887.50    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.25000 03/19/25-10Y LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $549235.89    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR EUR ESTRON/1.92272 03/10/25-5Y* LCH                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |          1 | NC      | $-142622.29   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA MTGE SECS-2006-A                                          | BANC OF AMERICA MORTGAGE SECUR BOAMS 2006 A 2A1           | CUSIP: 05949CRS7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      10874 | PA      | $9926.26      | 0.00%             | 2036-02-25      | Floating      | 4.31%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS AND ELECTRIC CO                                               | PACIFIC GAS + ELECTRIC 1ST MORTGAGE 03/29 4.2             | CUSIP: 694308KB2<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |     600000 | PA      | $593061.49    | 0.11%             | 2029-03-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD PLN BOUGHT USD 20260415                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $618.51       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                                     | FED HM LN PC POOL SD8385 FR 12/53 FIXED 6.5               | CUSIP: 3132DWJ61<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     150483 | PA      | $155800.33    | 0.03%             | 2053-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SPAIN GOVT                                                                | BONOS Y OBLIG DEL ESTADO SR UNSECURED 144A REGS 04/35 3   | CUSIP: ACI2TFSN6<br>LEI: 9598007A56S18711AH60 | Long             | DBT              | NUSS              | ES        |    4210000 | PA      | $4766081.81   | 0.90%             | 2035-04-30      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT KWD SOLD USD 20260615                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-760.25      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AMRESCO RES SEC 1999-1                                                    | AMRESCO RESIDENTIAL SECURITIES AMRES 1999 1 A             | CUSIP: 03215PFN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        472 | PA      | $494.67       | 0.00%             | 2029-06-25      | Floating      | 4.73%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/4.23223 03/31/26-27Y* LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-2307.04     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                            | MORGAN STANLEY SR UNSECURED 11/29 VAR                     | CUSIP: 61747YFH3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     500000 | PA      | $521924.13    | 0.10%             | 2029-11-01      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD TWD BOUGHT USD 20260624                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |          1 | NC      | $12370.37     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD AUD BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | AU        |          1 | NC      | $7102.65      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                              | UBS GROUP AG SR UNSECURED 144A 04/31 VAR                  | CUSIP: 225401AP3<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    1200000 | PA      | $1174403.00   | 0.22%             | 2031-04-01      | Floating      | 4.19%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | 31750SC03 PIMCO FXVAN PUT USD KRW 1350.0000000            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | US        |   -2132500 | NC      | $-1748.65     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY HOME EQUITY LN 2007-2                                      | MORGAN STANLEY HOME EQUITY LOA MSHEL 2007 2 A3            | CUSIP: 61752UAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     541830 | PA      | $277312.95    | 0.05%             | 2037-04-25      | Floating      | 4.02%                 | No            |                  2 | On Loan: No      |
| SAUDI ARABIAN OIL COMPANY (SAUDI ARAMCO)                                  | SAUDI ARABIAN OIL CO SR UNSECURED 144A 06/55 6.375        | CUSIP: 80414L3F0<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | CORP              | SA        |     300000 | PA      | $298946.41    | 0.06%             | 2055-06-02      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| SERBIA GOVT                                                               | REPUBLIC OF SERBIA SR UNSECURED 144A 06/34 6              | CUSIP: 817477AJ1<br>LEI: 254900W94OCY91V32O78 | Long             | DBT              | NUSS              | RS        |     700000 | PA      | $701931.04    | 0.13%             | 2034-06-12      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT INR SOLD USD 20260506                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $4500.43      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT KZT SOLD USD 20260729                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KZ        |          1 | NC      | $2742.35      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.75000 09/02/25-7Y* LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-5266.26     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BULGARIAN GOVT                                                            | BULGARIA SR UNSECURED REGS 07/45 4.125                    | CUSIP: ACI2YSLY5<br>LEI: 529900PG0XCL4LICL838 | Long             | DBT              | NUSS              | BG        |     800000 | PA      | $866582.52    | 0.16%             | 2045-07-18      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| PERU GOVT                                                                 | BONOS DE TESORERIA SR UNSECURED 144A REGS 08/39 7         | CUSIP: ACI2PNWZ1<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    3200000 | PA      | $954491.80    | 0.18%             | 2039-08-12      | Fixed         | 7.60%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT CNH SOLD USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $-25319.07    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT EGP SOLD USD 20260416                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | EG        |          1 | NC      | $-5184.25     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| COLOMBIAN GOVT                                                            | TITULOS DE TESORERIA BONDS 11/40 12.75                    | CUSIP: ACI2WQVJ3<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        | 7484600000 | PA      | $1983791.33   | 0.37%             | 2040-11-28      | Fixed         | 12.75%                | No            |                  2 | On Loan: No      |
| CHINA GOVT                                                                | CHINA GOVERNMENT BOND BONDS 01/55 1.92                    | CUSIP: ACI2T8432<br>LEI: 300300CHN201808MOF68 | Long             | DBT              | NUSS              | CN        |   14900000 | PA      | $1964616.40   | 0.37%             | 2055-01-15      | Fixed         | 1.92%                 | No            |                  2 | On Loan: No      |
| INDYMAC RESIDENTIAL ASSET BACKED 2007-A                                   | INDYMAC RESIDENTIAL ASSET BACK INABS 2007 A 2A3           | CUSIP: 43710BAD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     353996 | PA      | $241096.11    | 0.05%             | 2037-04-25      | Floating      | 4.03%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD BRL BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $-1662.50     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD EUR BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-4643.69     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | CCS USD R USSOFR/JPYMUTKCALM -45 FAR                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | US        |          1 | NC      | $25185.74     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/4.07500 03/31/26-28Y* LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $10601.37     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                                      | GNMA II TBA 30 YR 6.5 JUMBOS                              | CUSIP: 21H062651<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   20100000 | PA      | $20831224.33  | 3.91%             | 2054-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD KRW BOUGHT USD 20260415                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KR        |          1 | NC      | $3208.68      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD ZAR BOUGHT USD 20260420                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |          1 | NC      | $40026.41     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD BRL BOUGHT USD 20260702                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $-37.82       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP MTGE LOAN TR INC 2006-8                                         | CITIGROUP MORTGAGE LOAN TRUST CMLTI 2006 8 A3 144A        | CUSIP: 17310CAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     906141 | PA      | $380878.59    | 0.07%             | 2035-10-25      | Floating      | 4.14%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                        | TSY INFL IX N/B 01/33 1.125                               | CUSIP: 91282CGK1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    4367080 | PA      | $4207571.75   | 0.79%             | 2033-01-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD TRY BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $-4097.55     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SOUTH AFRICA GOVT                                                         | SOUTH AFRICA TREASURY BILL 7.99  06.05.2026               | CUSIP: ACI2WXR79<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |   30800000 | PA      | $1811048.32   | 0.34%             | 2026-05-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD INR BOUGHT USD 20260407                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $122.01       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT TWD SOLD USD 20270121                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |          1 | NC      | $-185422.52   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT HUF SOLD USD 20260415                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | HU        |          1 | NC      | $288.69       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SOUTH AFRICA GOVT                                                         | REPUBLIC OF SOUTH AFRICA BONDS 02/35 8.875                | CUSIP: BYY9RYII7<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |  115500000 | PA      | $6708334.20   | 1.26%             | 2035-02-28      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT GBP SOLD USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |          1 | NC      | $-10431.95    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/4.2276* 03/31/26-27Y* LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-2158.90     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD MYR BOUGHT USD 20260415                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MY        |          1 | NC      | $2117.88      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/4.00000 03/18/26-10Y LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-210996.53   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | CDX ITRAXX XOV44 5Y 35-100% SP JPM                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | N/A       |          1 | NC      | $340204.38    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.75000 12/17/25-10Y LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $187972.19    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| ISRAEL GOVT                                                               | STATE OF ISRAEL SR UNSECURED 03/34 5.5                    | CUSIP: 46514BRL3<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |    1200000 | PA      | $1217011.30   | 0.23%             | 2034-03-12      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NIGERIA GOVT                                                              | NIGERIA OMO BILL OMO120626                                | CUSIP: 955PDJII7<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |  534000000 | PA      | $370979.62    | 0.07%             | 2026-06-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT KRW SOLD USD 20260415                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KR        |          1 | NC      | $638.79       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR GBP SONIO/3.50000 09/16/26-2Y LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | GB        |          1 | NC      | $-395905.65   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| JYSKE REALKREDIT A/S                                                      | JYSKE REALKREDIT A/S COVERED 10/53 1.5                    | CUSIP: ACI1X8QV3<br>LEI: 529900R9HQNZRT2OXB26 | Long             | DBT              | CORP              | DK        |    1685418 | PA      | $209167.85    | 0.04%             | 2053-10-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT EUR SOLD USD 20260414                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $265.01       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.86092 03/14/25-30Y* LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $4779.76      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NYKREDIT REALKREDIT A/S                                                   | NYKREDIT REALKREDIT A/S COVERED REGS 10/50 1              | CUSIP: ACI1CY5Z3<br>LEI: LIU16F6VZJSD6UKHD557 | Long             | DBT              | CORP              | DK        |          3 | PA      | $0.39         | 0.00%             | 2050-10-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| JP MORGAN MORTGAGE TRUST 2021-LTV4                                        | JP MORGAN MORTGAGE TRUST JPMMT 2021 INV4 A2 144A          | CUSIP: 46654DAD5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    3574243 | PA      | $3108480.01   | 0.58%             | 2052-01-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD KRW BOUGHT USD 20260410                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KR        |          1 | NC      | $231.09       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | 31750SBA2 PIMCO FXVAN PUT USD KRW 1400.0000000            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | US        |    1117253 | NC      | $3330.53      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD ZAR BOUGHT USD 20260617                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |          1 | NC      | $-11418.66    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD COP BOUGHT USD 20260617                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $-3622.71     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.71199 06/30/26-9Y* LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $1082.82      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | 31750RGS0 PIMCO FXVAN CALL USD HKD 7.85000000             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | US        |   -1147000 | NC      | $-463.39      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                                      | GNMA II POOL 080414 G2 06/30 FLOATING VAR                 | CUSIP: 36225CN85<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |        212 | PA      | $211.00       | 0.00%             | 2030-06-20      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| PROVINCE OF ONTARIO CANADA                                                | ONTARIO (PROVINCE OF) SR UNSECURED REGS 01/27 3.5         | CUSIP: ACI0S0LD3<br>LEI: C7PVKCRGLG18EBQGZV36 | Long             | DBT              | NUSS              | CA        |    1000000 | PA      | $681346.51    | 0.13%             | 2027-01-27      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | 31750RXP7 PIMCO FXVAN PUT USD SGD 1.23650000              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KY        |   -1378000 | NC      | $-8433.36     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/4.22687 03/31/26-27Y* LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-3200.48     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.90500 08/15/25-1Y LCH                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-266.96      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.98808 06/30/26-27Y* LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $44861.92     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT BRL SOLD USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $21.00        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                   | GOLDMAN SACHS GROUP INC SR UNSECURED 04/30 VAR            | CUSIP: 38141GA87<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     800000 | PA      | $825499.18    | 0.16%             | 2030-04-25      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                   | GOLDMAN SACHS GROUP INC SR UNSECURED REGS 05/29 0.875     | CUSIP: ACI21KTC8<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     800000 | PA      | $855949.42    | 0.16%             | 2029-05-09      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| EAGLE FUNDING LUXCO SA RL                                                 | EAGLE FUNDING LUXCO SARL SR UNSECURED 144A 08/30 5.5      | CUSIP: 26951TAA8<br>LEI: 894500VDP08MVIZ6OA60 | Long             | DBT              | NUSS              | LU        |    3000000 | PA      | $3019500.00   | 0.57%             | 2030-08-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT INR SOLD USD 20260424                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $-12138.42    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT MXN SOLD USD 20260917                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $-4501.12     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD CHF BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CH        |          1 | NC      | $60108.99     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | CAN 5YR BOND FUT  JUN26 XMOD 20260619                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CA        |         45 | NC      | $-50850.23    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                       | BOUGHT JPY SOLD USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |          1 | NC      | $27190.16     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD TRY BOUGHT USD 20260421                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $-1111.40     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT EGP SOLD USD 20260720                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | EG        |          1 | NC      | $-16127.18    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                         | HSBC HOLDINGS PLC SR UNSECURED 03/28 VAR                  | CUSIP: 404280BK4<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    1000000 | PA      | $995527.32    | 0.19%             | 2028-03-13      | Floating      | 4.04%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/4.11518 02/14/25-30Y* LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $6365.02      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT PLN SOLD USD 20260422                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $-20034.19    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED KINGDOM GOVT                                                       | UNITED KINGDOM GILT BONDS REGS 03/30 4.375                | CUSIP: BSQNRDII4<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |   11000000 | PA      | $14534708.11  | 2.73%             | 2030-03-07      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD EUR BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-1111.65     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PSP CAPITAL INC                                                           | PSP CAPITAL INC COMPANY GUAR 09/31 4.5                    | CUSIP: ACI2QY2T3<br>LEI: 549300B456N0WEIC5249 | Long             | DBT              | MUN               | CA        |    3300000 | PA      | $2198011.56   | 0.41%             | 2031-09-05      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT RON SOLD USD 20260511                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | RO        |          1 | NC      | $-2398.28     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | EURO-BUND FUTURE  JUN26 XEUR 20260608                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | DE        |        -62 | NC      | $142197.84    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                       | BOUGHT EGP SOLD USD 20260520                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | EG        |          1 | NC      | $-3789.37     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.83993 12/02/24-7Y* LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-22678.14    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT EUR SOLD USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $1218.32      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT MXN SOLD USD 20260413                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $2664.06      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT CNY SOLD USD 20260507                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $2746.61      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                        | TSY INFL IX N/B 01/32 0.125                               | CUSIP: 91282CDX6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    1055880 | PA      | $972061.49    | 0.18%             | 2032-01-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                                      | FNMA POOL CB7197 FN 07/53 FIXED 5.5                       | CUSIP: 3140QS7K1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    5524562 | PA      | $5569658.17   | 1.05%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT INR SOLD USD 20260410                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $-49421.97    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.55100 09/17/25-10Y LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $32613.60     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| FRANCE GOVT                                                               | FRANCE (GOVT OF) BONDS 144A REGS 02/29 2.75               | CUSIP: ACI2FJ6B3<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |    6800000 | PA      | $7822840.53   | 1.47%             | 2029-02-25      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT KZT SOLD USD 20260729                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KZ        |          1 | NC      | $1967.33      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                        | US TREASURY N/B 02/36 4.125                               | CUSIP: 91282CPZ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     200000 | PA      | $196890.62    | 0.04%             | 2036-02-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| FOXCONN (FAR EAST) LIMITED                                                | FOXCONN FAR EAST LTD COMPANY GUAR 08/28 1.875             | CUSIP: ACI34TDV9<br>LEI: 254900NAQSPFDWVY8H73 | Long             | DBT              | CORP              | KY        |    1400000 | PA      | $1292365.45   | 0.24%             | 2028-08-25      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT ILS SOLD USD 20260406                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $3793.47      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT CAD SOLD USD 20260504                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CA        |          1 | NC      | $-85.80       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| POLAND GOVT                                                               | REPUBLIC OF POLAND SR UNSECURED 09/34 5.125               | CUSIP: 731011AY8<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |     900000 | PA      | $905683.06    | 0.17%             | 2034-09-18      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| UMBS PASS THRU POOLS                                                      | FNMA TBA 30 YR 5 SINGLE FAMILY MORTGAGE                   | CUSIP: 01F050643<br>LEI: N/A                  | Short            | ABS-MBS          | USGSE             | US        |   -1410000 | PA      | $-1390769.04  | -0.26%            | 2056-04-13      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT IDR SOLD USD 20260413                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |          1 | NC      | $-333.73      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT TWD SOLD USD 20260421                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |          1 | NC      | $-10922.22    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED KINGDOM GOVT                                                       | UNITED KINGDOM GILT BONDS REGS 01/49 1.75                 | CUSIP: ACI14WP35<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |    1300000 | PA      | $886167.71    | 0.17%             | 2049-01-22      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT CNY SOLD USD 20260617                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $973.32       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ROMANIA GOVT                                                              | ROMANIA ROMANIA                                           | CUSIP: ACI2P7GX9<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     500000 | PA      | $570845.53    | 0.11%             | 2032-05-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT KRW SOLD USD 20260423                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KR        |          1 | NC      | $-146.26      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP MTGE LOAN TRUST INC 2005-7                                      | CITIGROUP MORTGAGE LOAN TRUST CMLTI 2005 7 1A2            | CUSIP: 17307GA57<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      67645 | PA      | $63363.99     | 0.01%             | 2035-09-25      | Floating      | 4.45%                 | No            |                  2 | On Loan: No      |
| COLOMBIAN GOVT                                                            | TITULOS DE TESORERIA BONDS 03/58 12                       | CUSIP: ACI2Z8HT4<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        | 1686100000 | PA      | $414368.49    | 0.08%             | 2058-03-13      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.59900 08/28/24-10Y LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $25710.11     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT PLN SOLD USD 20260422                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $-15242.09    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT IDR SOLD USD 20260610                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |          1 | NC      | $-819.23      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD TRY BOUGHT USD 20260416                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $-3190.80     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT EUR SOLD USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $513.05       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD TRY BOUGHT USD 20260406                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $-2925.98     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BEAR STEARNS ALT-A TRUST 2006-5                                           | BEAR STEARNS ALT A TRUST BALTA 2006 5 2A2                 | CUSIP: 073873AK7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      23094 | PA      | $10331.10     | 0.00%             | 2036-08-25      | Floating      | 4.13%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD ZAR BOUGHT USD 20260420                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |          1 | NC      | $225.63       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | REVERSE REPO JPM CHASE                                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -575505 | PA      | $-575987.14   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| REALKREDIT DANMARK A/S                                                    | REALKREDIT DANMARK COVERED REGS 10/50 1                   | CUSIP: BKDSHLII7<br>LEI: 549300NLOMBOWE943Y30 | Long             | DBT              | CORP              | DK        |          2 | PA      | $0.18         | 0.00%             | 2050-10-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| RESIDENTIAL ACCREDIT LOANS 2006-QS6                                       | RESIDENTIAL ACCREDIT LOANS, IN RALI 2006 QS6 1A1          | CUSIP: 74922EAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     279173 | PA      | $229324.55    | 0.04%             | 2036-06-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT TRY SOLD USD 20260417                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $899.71       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JAPAN GOVT                                                                | JAPAN (20 YEAR ISSUE) BONDS 09/44 1.8                     | CUSIP: ACI2RXB31<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |  180000000 | PA      | $914795.38    | 0.17%             | 2044-09-20      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| JAPAN GOVT                                                                | JAPAN (30 YEAR ISSUE) BONDS 12/54 2.3                     | CUSIP: ACI2T3R46<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |   52300000 | PA      | $250148.92    | 0.05%             | 2054-12-20      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | IRS AUD 4.50000 09/17/25-10Y LCH                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | AU        |          1 | NC      | $-70752.14    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| JAPAN GOVT                                                                | JAPAN (40 YEAR ISSUE) BONDS 03/64 2.2                     | CUSIP: ACI2P7MX2<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |  440000000 | PA      | $1921660.94   | 0.36%             | 2064-03-20      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| JAPAN GOVT                                                                | JAPAN (20 YEAR ISSUE) BONDS 12/44 2                       | CUSIP: ACI2T82B6<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |  545000000 | PA      | $2853038.34   | 0.54%             | 2044-12-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                                      | GNMA II POOL MB0810 G2 12/55 FIXED 3.5                    | CUSIP: 3618N53U1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    2299999 | PA      | $2111197.86   | 0.40%             | 2055-12-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT JPY SOLD USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |          1 | NC      | $4641.48      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| OFSI BSL X LTD                                                            | OFSI FUND LTD OFSBS 2021 10A AR 144A                      | CUSIP: 67115PAW5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    2100000 | PA      | $2102715.45   | 0.40%             | 2034-04-20      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD BRL BOUGHT USD 20260602                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $-21.00       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2017-133                         | GOVERNMENT NATIONAL MORTGAGE A GNR 2017 133 EC            | CUSIP: 38380HCH3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       2538 | PA      | $2428.31      | 0.00%             | 2047-05-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD INR BOUGHT USD 20260407                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $5531.60      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT PLN SOLD USD 20260422                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $-17408.70    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CAPITAL FOUR CLO IV DAC 4A                                                | CAPITAL FOUR CLO CFOUR 4A ARR 144A                        | CUSIP: ACI38L038<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |    1200000 | PA      | $1382815.79   | 0.26%             | 2038-04-15      | Floating      | 3.19%                 | No            |                  2 | On Loan: No      |
| NORDEA KREDIT REALKREDITAKTIESELSKAB                                      | NORDEA KREDIT REALKREDIT COVERED 10/53 1.5                | CUSIP: BL6K5DII1<br>LEI: 52990080NNXXLC14OC65 | Long             | DBT              | CORP              | DK        |    4066380 | PA      | $508159.09    | 0.10%             | 2053-10-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT EUR SOLD USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $7290.40      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT RON SOLD USD 20260422                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | RO        |          1 | NC      | $-36565.78    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                        | US TREASURY N/B 05/55 4.75                                | CUSIP: 912810UK2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     300000 | PA      | $292207.03    | 0.05%             | 2055-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD BRL BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $-13435.07    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY RESIDENTIAL MORTGAGE LOAN TRUST 2025-NQM9                  | MORGAN STANLEY RESIDENTIAL MOR MSRM 2025 NQM9 A1 144A     | CUSIP: 61779VAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     932479 | PA      | $931226.59    | 0.17%             | 2070-09-25      | Variable      | 5.02%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.75000 06/20/24-7Y LCH                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-3571.23     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SPAIN GOVT                                                                | BONOS Y OBLIG DEL ESTADO SR UNSECURED 144A REGS 04/29 1   | CUSIP: ACI17SZK2<br>LEI: 9598007A56S18711AH60 | Long             | DBT              | NUSS              | ES        |     466000 | PA      | $517889.09    | 0.10%             | 2029-04-30      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT CNY SOLD USD 20260624                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $98.62        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                                      | GNMA II POOL MB0619 G2 09/55 FIXED 3.5                    | CUSIP: 3618N5VM8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    1199998 | PA      | $1101493.71   | 0.21%             | 2055-09-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | IRS CZK 4.52250 12/01/30-5Y CME                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CZ        |          1 | NC      | $-9259.89     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD EUR BOUGHT USD 20260504                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-7271.48     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD PLN BOUGHT USD 20260415                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $3270.29      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                                             | BOEING CO/THE SR UNSECURED 05/27 6.259                    | CUSIP: 097023DP7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     600000 | PA      | $610528.06    | 0.11%             | 2027-05-01      | Fixed         | 6.26%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                   | GOLDMAN SACHS GROUP INC SR UNSECURED 01/36 VAR            | CUSIP: 38141GC44<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     500000 | PA      | $508459.73    | 0.10%             | 2036-01-28      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT KWD SOLD USD 20260528                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-938.88      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD RON BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | RO        |          1 | NC      | $3887.45      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.56436 06/30/26-7Y* LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $840.15       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| STRUCTURED ASSET MTGE INVEST 2006-AR5                                     | STRUCTURED ASSET MORTGAGE INVE SAMI 2006 AR5 1A1          | CUSIP: 86360JAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       3842 | PA      | $2717.19      | 0.00%             | 2036-05-25      | Floating      | 4.21%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                                      | FNMA POOL 713701 FN 08/33 FIXED 4.5                       | CUSIP: 31401N3J6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      83152 | PA      | $82223.73     | 0.02%             | 2033-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.90750 03/04/25-10Y LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-8539.89     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT KWD SOLD USD 20260518                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-233.36      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CVC CORDATUS OPPORTUNITY LOAN FUND DAC 1A                                 | CVC CORDATUS OPPORTUNITY LOAN COLFR 1A AR 144A            | CUSIP: ACI2VQ1V0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |     870858 | PA      | $1005394.40   | 0.19%             | 2033-08-15      | Floating      | 2.82%                 | No            |                  2 | On Loan: No      |
| RESIDENTIAL ACCREDIT LOANS 2006-QO3                                       | RESIDENTIAL ACCREDIT LOANS, IN RALI 2006 QO3 A1           | CUSIP: 761118WP9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     369377 | PA      | $90214.93     | 0.02%             | 2046-04-25      | Floating      | 4.21%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT INR SOLD USD 20260407                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $-5507.83     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT ILS SOLD USD 20260610                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $-1065.95     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT TRY SOLD USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $386.34       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/4.24510 03/31/26-27Y* LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-6808.49     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| COUNTRYWIDE HOME LOANS 2005-9                                             | COUNTRYWIDE HOME LOANS CWHL 2005 9 1A3                    | CUSIP: 12669GZQ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       8507 | PA      | $7552.98      | 0.00%             | 2035-05-25      | Floating      | 4.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD EUR BOUGHT USD 20260414                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-565.10      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.00000 03/19/25-2Y LCH                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $193914.59    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| ANCHORAGE CAPITAL CLO 2021-20A LTD                                        | ANCHORAGE CAPITAL CLO LTD ANCHC 2021 20A A1R 144A         | CUSIP: 03330YAJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    1800000 | PA      | $1800578.81   | 0.34%             | 2035-01-20      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| NORDEA KREDIT REALKREDITAKTIESELSKAB                                      | NORDEA KREDIT REALKREDIT COVERED 10/53 1.5                | CUSIP: ACI1Z8QZ2<br>LEI: 52990080NNXXLC14OC65 | Long             | DBT              | CORP              | DK        |         10 | PA      | $1.03         | 0.00%             | 2053-10-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                                   | HCA INC DISC COML PAPER                                   | CUSIP: 40412DDP1<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    1500000 | PA      | $1495900.05   | 0.28%             | 2026-04-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD JPY BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |          1 | NC      | $40704.49     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | TRS P SIBCSORA-5/SGXF75438295 CBK                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | SG        |          1 | NC      | $964.49       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR GBP SONIO/3.00000 06/17/25-2Y LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | GB        |          1 | NC      | $-471132.27   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD KRW BOUGHT USD 20260410                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KR        |          1 | NC      | $20147.12     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| WEST VIRGINIA UNITED HEALTH SYSTEM OBLIGATED GROUP                        | WEST VA HEALTH SYS OBL SECURED 06/50 3.129                | CUSIP: 956708AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     800000 | PA      | $505402.24    | 0.09%             | 2050-06-01      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| BULGARIAN GOVT                                                            | BULGARIA SR UNSECURED REGS 07/35 3.375                    | CUSIP: ACI2YSM32<br>LEI: 529900PG0XCL4LICL838 | Long             | DBT              | NUSS              | BG        |     400000 | PA      | $442625.91    | 0.08%             | 2035-07-18      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT MXN SOLD USD 20260617                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $-14559.32    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | IRS SEK 2.50000 03/18/26-5Y LCH                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | SE        |          1 | NC      | $-81993.41    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORPORATION                                               | BANK OF AMERICA CORP SR UNSECURED 01/31 VAR               | CUSIP: 06051GMP1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    1600000 | PA      | $1596198.78   | 0.30%             | 2031-01-24      | Floating      | 4.68%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/4.22515 03/31/26-27Y* LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-3117.04     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                                      | FNMA POOL 841068 FN 11/34 FLOATING VAR                    | CUSIP: 31407UMR5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       3666 | PA      | $3836.97      | 0.00%             | 2034-11-01      | Floating      | 6.23%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                        | TSY INFL IX N/B 07/32 0.625                               | CUSIP: 91282CEZ0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     335793 | PA      | $316931.43    | 0.06%             | 2032-07-15      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | 31750SCK9 PIMCO FXVAN PUT USD KRW 1350.0000000            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | US        |    -248747 | NC      | $-219.64      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT INR SOLD USD 20260407                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $-24900.06    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MERRILL LYNCH MORTGAGE INVS 2006-HE5                                      | MERRILL LYNCH MORTGAGE INVESTO MLMI 2006 HE5 A2C          | CUSIP: 59022QAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     926679 | PA      | $452773.96    | 0.09%             | 2037-08-25      | Floating      | 4.09%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INTERNATIONAL CORP (CCI)                                     | CROWN CASTLE                                              | CUSIP: 22823QDM0<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    1500000 | PA      | $1496319.60   | 0.28%             | 2026-04-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR GBP SONIO/4.50000 03/18/26-30Y LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | GB        |          1 | NC      | $19760.57     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD JPY BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |          1 | NC      | $1111.13      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | OIS THB THORON/1.25000 09/16/26-5Y LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | TH        |          1 | NC      | $79655.45     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD THB BOUGHT USD 20260420                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TH        |          1 | NC      | $22720.85     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT CZK SOLD USD 20260415                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CZ        |          1 | NC      | $60.55        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT TWD SOLD USD 20260420                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |          1 | NC      | $-498.24      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                                      | FNMA POOL BJ8703 FN 05/49 FIXED 3.5                       | CUSIP: 3140HAU57<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     106478 | PA      | $99649.67     | 0.02%             | 2049-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD GBP BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |          1 | NC      | $11705.44     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT EUR SOLD USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-3576.62     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | 31750RIG4 PIMCO FXVAN CALL USD HKD 7.85000000             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | US        |   -1995000 | NC      | $-807.98      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT IDR SOLD USD 20260610                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |          1 | NC      | $-1595.47     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.9544* 02/05/25-30Y* LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $15898.35     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD JPY BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |          1 | NC      | $282.70       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.7547* 03/13/26-10Y* LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $1729.30      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE FUNDING 2023-V3                                       | TOWD POINT MORTGAGE FUNDING TPMF 2023 V3 A1 REGS          | CUSIP: ACI2P2371<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |     881792 | PA      | $1170408.50   | 0.22%             | 2054-02-20      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD TRY BOUGHT USD 20260409                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $-3027.96     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UMBS PASS THRU POOLS                                                      | FNMA TBA 30 YR 2.5 SINGLE FAMILY MORTGAGE                 | CUSIP: 01F022659<br>LEI: N/A                  | Short            | ABS-MBS          | USGSE             | US        |   -5400000 | PA      | $-4538742.23  | -0.85%            | 2056-05-13      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT THB SOLD USD 20260420                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TH        |          1 | NC      | $-54.74       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD JPY BOUGHT USD 20260507                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |          1 | NC      | $-1582.64     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD ILS BOUGHT USD 20260617                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $1193.70      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.99798 06/30/26-27Y* LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $2643.04      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT CZK SOLD USD 20260415                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CZ        |          1 | NC      | $-4728.97     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2017-121                         | GOVERNMENT NATIONAL MORTGAGE A GNR 2017 121 PE            | CUSIP: 38380TV37<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       3899 | PA      | $3847.55      | 0.00%             | 2046-07-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CHASE MORTGAGE FINANCE CORP 2007-A2                                       | CHASE MORTGAGE FINANCE CORPORA CHASE 2007 A2 7A1          | CUSIP: 16163LAQ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      18510 | PA      | $14788.64     | 0.00%             | 2037-07-25      | Variable      | 4.90%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD ILS BOUGHT USD 20260413                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $7134.07      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/4.22442 03/31/26-27Y* LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-1027.20     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SCULE 6A                                                                  | SCULPTOR EUROPEAN CLO SCULE 6A AR 144A                    | CUSIP: ACI1ZPWK0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |    1000000 | PA      | $1156717.11   | 0.22%             | 2034-10-15      | Floating      | 3.07%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT CNY SOLD USD 20260605                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $126.73       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD CAD BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CA        |          1 | NC      | $3068.81      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT RON SOLD USD 20260408                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | RO        |          1 | NC      | $-29706.44    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT CNY SOLD USD 20260603                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $289.31       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                                      | FNMA POOL 806506 FN 10/44 FLOATING VAR                    | CUSIP: 31406DAF3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       2864 | PA      | $2899.26      | 0.00%             | 2044-10-01      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR JPY MUTK/1.00000 09/18/24-10Y LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | JP        |          1 | NC      | $-638017.63   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP MORTGAGE LOAN TRUST INC 2022-INV1                               | CITIGROUP MORTGAGE LOAN TRUST CMLTI 2022 INV1 A3B 144A    | CUSIP: 17290FBA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1462063 | PA      | $1271539.78   | 0.24%             | 2051-11-27      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD PEN BOUGHT USD 20260706                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PE        |          1 | NC      | $12152.61     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD KRW BOUGHT USD 20260415                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KR        |          1 | NC      | $16335.68     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NYKREDIT REALKREDIT A/S                                                   | NYKREDIT REALKREDIT A/S COVERED REGS 10/53 1              | CUSIP: ACI1N9610<br>LEI: LIU16F6VZJSD6UKHD557 | Long             | DBT              | CORP              | DK        |         13 | PA      | $1.48         | 0.00%             | 2053-10-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD AUD BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | AU        |          1 | NC      | $-2528.75     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT MXN SOLD USD 20260415                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $8521.98      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD GBP BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |          1 | NC      | $14324.28     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT EUR SOLD USD 20260414                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-1480.83     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                                      | GNMA II TBA 30 YR 3.5 JUMBOS                              | CUSIP: 21H032647<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     500000 | PA      | $458683.92    | 0.09%             | 2056-04-21      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD TWD BOUGHT USD 20260420                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |          1 | NC      | $16874.81     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT CNY SOLD USD 20260519                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $4263.98      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AMMC CLO 24 LTD                                                           | AMERICAN MONEY MANAGEMENT CORP AMMC 2021 24A AR 144A      | CUSIP: 00177LAJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    1300000 | PA      | $1300426.22   | 0.24%             | 2035-01-20      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT AUD SOLD USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | AU        |          1 | NC      | $-13285.90    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FANNIE MAE 2004-63                                                        | FANNIE MAE FNR 2004 63 FA                                 | CUSIP: 31394ANT9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |        151 | PA      | $147.92       | 0.00%             | 2034-08-25      | Floating      | 3.93%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | IRS EUR 0.70000 04/11/22-5Y LCH                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |          1 | NC      | $-27452.72    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | REVERSE REPO SOCIETE GENERALE REVERSE REPO                | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -4030352 | PA      | $-4048405.12  | -0.76%            |  |  |  | No            |                  2 | On Loan: No      |
| UMBS PASS THRU POOLS                                                      | FNMA TBA 30 YR 3 SINGLE FAMILY MORTGAGE                   | CUSIP: 01F030660<br>LEI: N/A                  | Short            | ABS-MBS          | USGSE             | US        |   -4600000 | PA      | $-4034234.87  | -0.76%            | 2056-06-11      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| POLAND GOVT                                                               | REPUBLIC OF POLAND BONDS 02/30 4.875                      | CUSIP: 857524AF9<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |     400000 | PA      | $409096.49    | 0.08%             | 2030-02-12      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2025-19                                                 | FANNIE MAE FNR 2025 19 FC                                 | CUSIP: 3136BVBY3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     953180 | PA      | $961234.62    | 0.18%             | 2055-03-25      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| SAUDI ARABIA GOVT                                                         | SAUDI INTERNATIONAL BOND SR UNSECURED 144A 03/32 3.375    | CUSIP: ACI2V6L67<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |     600000 | PA      | $672635.48    | 0.13%             | 2032-03-05      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| MDGH GMTN (RSC) LTD                                                       | MDGH GMTN RSC LTD COMPANY GUAR 144A 04/33 5.5             | CUSIP: 55285GAB0<br>LEI: 213800WRY6FRL9IXLT77 | Long             | DBT              | MUN               | AE        |     400000 | PA      | $405971.16    | 0.08%             | 2033-04-28      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD EUR BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $29229.67     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | IRS EUR 2.25000 09/16/26-2Y LCH                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |          1 | NC      | $-1384573.17  | -0.26%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT TRY SOLD USD 20260409                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $5155.91      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD JPY BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |          1 | NC      | $10259.42     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT MXN SOLD USD 20260420                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $-12246.04    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                                                    | STANDARD CHARTERED PLC SR UNSECURED 144A 07/27 VAR        | CUSIP: 853254CT5<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    1400000 | PA      | $1405683.87   | 0.26%             | 2027-07-06      | Floating      | 6.19%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT INR SOLD USD 20260818                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $-15849.67    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JP MORGAN MORTGAGE TRUST 2006-A1                                          | JP MORGAN MORTGAGE TRUST JPMMT 2006 A1 3A2                | CUSIP: 466247F57<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       8239 | PA      | $5362.38      | 0.00%             | 2036-02-25      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| QUEENSLAND TREASURY CORPORATION                                           | QUEENSLAND TREASURY CORP LOCAL GOVT G 08/33 2             | CUSIP: BMXC0WII0<br>LEI: 98INKCEEHOU5YJS0HQ88 | Long             | DBT              | CORP              | AU        |    2700000 | PA      | $1483101.74   | 0.28%             | 2033-08-22      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                        | TSY INFL IX N/B 01/28 0.5                                 | CUSIP: 9128283R9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    7910640 | PA      | $7851451.48   | 1.47%             | 2028-01-15      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.85961 12/02/24-9Y* LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-4484.14     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                                      | FNMA POOL CB6989 FN 06/53 FIXED 5.5                       | CUSIP: 3140QSXT3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     749502 | PA      | $754704.07    | 0.14%             | 2053-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JAPAN GOVT                                                                | JAPAN GOVT CPI LINKED BONDS 03/28 0.1                     | CUSIP: ACI12NZL6<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |  726843330 | PA      | $4595868.32   | 0.86%             | 2028-03-10      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT TWD SOLD USD 20260427                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |          1 | NC      | $-1162.82     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD THB BOUGHT USD 20260520                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TH        |          1 | NC      | $108559.90    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5511                                                   | FREDDIE MAC FHR 5511 FB                                   | CUSIP: 3137HKKK9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    2169698 | PA      | $2187841.43   | 0.41%             | 2055-03-25      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD THB BOUGHT USD 20260617                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TH        |          1 | NC      | $1512.04      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FANNIEMAE WHOLE LOAN 2004-W12                                             | FANNIEMAE WHOLE LOAN FNW 2004 W12 1A1                     | CUSIP: 31394A6Y7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       2864 | PA      | $2955.53      | 0.00%             | 2044-07-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD SEK BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | SE        |          1 | NC      | $4099.16      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                        | US TREASURY N/B 11/49 2.375                               | CUSIP: 912810SK5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     700000 | PA      | $446167.97    | 0.08%             | 2049-11-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/4.00000 06/20/24-2Y LCH                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $2067.10      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                                      | GNMA II POOL MB0255 G2 03/55 FIXED 3.5                    | CUSIP: 3618N5H93<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    1000000 | PA      | $918146.68    | 0.17%             | 2055-03-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD KZT BOUGHT USD 20260604                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KZ        |          1 | NC      | $-1303.66     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AUTONOMOUS COMMUNITY OF CATALONIA (AKA: GENERALITAT DE CATALUNYA)         | GENERALITAT DE CATALUNYA SR UNSECURED 04/35 4.22          | CUSIP: B081RMII3<br>LEI: 95980020140005848404 | Long             | DBT              | NUSS              | ES        |     200000 | PA      | $236285.84    | 0.04%             | 2035-04-26      | Fixed         | 4.22%                 | No            |                  2 | On Loan: No      |
| NEWGATE FUNDING PLC 2007-3X                                               | NEWGATE FUNDING PLC NGATE 2007 3X A3 REGS                 | CUSIP: B2NDQFII2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |     122320 | PA      | $160284.31    | 0.03%             | 2050-12-15      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT EUR SOLD USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $165477.52    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT CNY SOLD USD 20260615                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $-12.57       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HAYFIN EMERALD CLO XIV DAC 14A                                            | HAYFIN EMERALD CLO HAYEM 14A A 144A                       | CUSIP: ACI2SSWQ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |    2600000 | PA      | $3004919.07   | 0.56%             | 2039-01-22      | Floating      | 3.24%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD RON BOUGHT USD 20260416                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | RO        |          1 | NC      | $966.46       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NYKREDIT REALKREDIT A/S                                                   | NYKREDIT REALKREDIT A/S COVERED REGS 10/53 1.5            | CUSIP: ACI1P1CP5<br>LEI: LIU16F6VZJSD6UKHD557 | Long             | DBT              | CORP              | DK        |         15 | PA      | $1.80         | 0.00%             | 2053-10-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                                      | FNMA POOL BR1297 FN 02/51 FIXED 2.5                       | CUSIP: 3140KYNP5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     124934 | PA      | $105960.71    | 0.02%             | 2051-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD JPY BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |          1 | NC      | $46989.38     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD THB BOUGHT USD 20260420                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TH        |          1 | NC      | $1035.85      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| THAILAND GOVT                                                             | THAILAND GOVERNMENT BOND SR UNSECURED 06/45 2.98          | CUSIP: ACI2S0HH5<br>LEI: 254900PHJ6MSKT6C7026 | Long             | DBT              | NUSS              | TH        |   38444000 | PA      | $1123502.00   | 0.21%             | 2045-06-17      | Fixed         | 2.98%                 | No            |                  2 | On Loan: No      |
| UMBS PASS THRU POOLS                                                      | FNMA TBA 30 YR 6.5 SINGLE FAMILY MORTGAGE                 | CUSIP: 01F062655<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    1600000 | PA      | $1654018.54   | 0.31%             | 2056-05-13      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                                      | FNMA POOL DA0866 FN 09/53 FIXED 5.5                       | CUSIP: 3140A06C8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     302753 | PA      | $305233.29    | 0.06%             | 2053-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PACIFICORP                                                                | PACIFICORP 1ST MORTGAGE 02/31 5.3                         | CUSIP: 695114DC9<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |     600000 | PA      | $608378.17    | 0.11%             | 2031-02-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | US 10YR NOTE (CBT)JUN26 XCBT 20260618                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         30 | NC      | $-37761.96    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT EUR SOLD USD 20260414                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-1480.95     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT KRW SOLD USD 20260413                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KR        |          1 | NC      | $-1320.41     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD TWD BOUGHT USD 20260529                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |          1 | NC      | $152149.92    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD RON BOUGHT USD 20260414                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | RO        |          1 | NC      | $87.85        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                                      | GNMA II TBA 30 YR 3 JUMBOS                                | CUSIP: 21H030641<br>LEI: N/A                  | Short            | ABS-MBS          | USGSE             | US        |   -3100000 | PA      | $-2768008.63  | -0.52%            | 2056-04-21      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD TRY BOUGHT USD 20260413                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $-3029.17     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD CAD BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CA        |          1 | NC      | $86.30        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST 2022-B                                   | SMB PRIVATE EDUCATION LOAN TRU SMB 2022 B A1B 144A        | CUSIP: 83206NAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     641571 | PA      | $648001.91    | 0.12%             | 2055-02-16      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT PLN SOLD USD 20260415                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $-4347.28     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | IRS SEK 2.75000 09/16/26-5Y LCH                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | SE        |          1 | NC      | $-20987.01    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT BRL SOLD USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $37.63        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 4579                                                   | FREDDIE MAC FHR 4579 SD                                   | CUSIP: 3137BPS83<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      66206 | PA      | $3139.45      | 0.00%             | 2038-01-15      | Floating      | 2.14%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT CNH SOLD USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $152.09       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GROSVENOR PLACE CLO 2024-2 DAC 24-2A                                      | GROSVENOR PLACE CLO BV GROSV 2024 2A A 144A               | CUSIP: ACI2RYX19<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |    1300000 | PA      | $1503139.31   | 0.28%             | 2039-01-15      | Floating      | 3.26%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | OIS CAD CAONREPO/2.8500 12/31/24-5Y* LCH                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CA        |          1 | NC      | $4031.52      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT DKK SOLD USD 20260407                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | DK        |          1 | NC      | $4393.64      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SAUDI ARABIA GOVT                                                         | SAUDI INTERNATIONAL BOND SR UNSECURED 144A 03/37 3.75     | CUSIP: ACI2V6MH2<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |     200000 | PA      | $217960.99    | 0.04%             | 2037-03-05      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| UMBS PASS THRU POOLS                                                      | FNMA TBA 30 YR 4.5 SINGLE FAMILY MORTGAGE                 | CUSIP: 01F042657<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   15150000 | PA      | $14607408.05  | 2.74%             | 2056-05-13      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD EUR BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $4006.29      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SAXON ASSET SECURITIES TRUST 2007-4                                       | SAXON ASSET SECURITIES TRUST SAST 2007 4 A2 144A          | CUSIP: 80557CAB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     250982 | PA      | $226094.79    | 0.04%             | 2037-12-25      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD SEK BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | SE        |          1 | NC      | $-182.95      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TREASURY CORPORATION OF VICTORIA                                          | TREASURY CORP VICTORIA LOCAL GOVT G 12/32 4.25            | CUSIP: ACI06FV19<br>LEI: 549300ZJM7BQW1P9UV75 | Long             | DBT              | MUN               | AU        |    1200000 | PA      | $779497.44    | 0.15%             | 2032-12-20      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NORDEA KREDIT REALKREDITAKTIESELSKAB                                      | NORDEA KREDIT REALKREDIT COVERED 10/50 1                  | CUSIP: BKDSHHII6<br>LEI: 52990080NNXXLC14OC65 | Long             | DBT              | CORP              | DK        |         15 | PA      | $1.78         | 0.00%             | 2050-10-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT THB SOLD USD 20260416                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TH        |          1 | NC      | $-2342.98     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD THB BOUGHT USD 20260416                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TH        |          1 | NC      | $1626.94      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | OIS CAD CAONREPO/1.9000 12/18/19-10Y LCH                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CA        |          1 | NC      | $-171425.10   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD EUR BOUGHT USD 20260429                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $736.95       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.25000 06/18/25-5Y LCH                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $63752.39     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD COP BOUGHT USD 20260410                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $-1860.64     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT TWD SOLD USD 20260423                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |          1 | NC      | $-626.17      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT CHF SOLD USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CH        |          1 | NC      | $-4395.06     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR CHF SRFXON3/0.25000 09/16/26-5Y LCH                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CH        |          1 | NC      | $-10801.85    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD PLN BOUGHT USD 20260415                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $2915.03      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT EUR SOLD USD 20260414                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-938.95      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | IRS NOK 4.50000 09/16/26-5Y LCH                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | NO        |          1 | NC      | $-852.31      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL I INC 2021-230P                                    | MORGAN STANLEY CAPITAL I TRUST MSC 2021 230P A 144A       | CUSIP: 61772WAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1700000 | PA      | $1647512.50   | 0.31%             | 2038-12-15      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| MALAYSIA GOVT                                                             | MALAYSIA GOVERNMENT BONDS 07/32 3.582                     | CUSIP: ACI22Y4J9<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |     530000 | PA      | $131501.26    | 0.02%             | 2032-07-15      | Fixed         | 3.58%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.86166 12/02/24-4Y* LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-29409.95    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT INR SOLD USD 20260407                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $-28722.29    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD MXN BOUGHT USD 20260617                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $-74.02       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT KWD SOLD USD 20260610                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-320.04      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                                      | GNMA II POOL MB0868 G2 01/56 FIXED 3.5                    | CUSIP: 3618N56E4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   15000000 | PA      | $13768689.89  | 2.59%             | 2056-01-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ASSET-BACKED CERT 2007-4                                      | COUNTRYWIDE ASSET BACKED CERTI CWL 2007 4 A6              | CUSIP: 12668WAF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      54242 | PA      | $52019.48     | 0.01%             | 2035-08-25      | Variable      | 5.68%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                     | WELLS FARGO + COMPANY SR UNSECURED 12/35 VAR              | CUSIP: 95000U3N1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    1100000 | PA      | $1095622.69   | 0.21%             | 2035-12-03      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| BEAR STEARNS ALT-A TRUST 2006-8                                           | BEAR STEARNS ALT A TRUST BALTA 2006 8 3A1                 | CUSIP: 07387QAX8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       8684 | PA      | $8277.23      | 0.00%             | 2034-02-25      | Floating      | 4.11%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD RON BOUGHT USD 20260414                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | RO        |          1 | NC      | $-84.02       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SOUTH AFRICA GOVT                                                         | SOUTH AFRICA TREASURY BILL SOUTH AFRICAN T BILLS 7.775  2 | CUSIP: ACI2YZPV1<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |   17350000 | PA      | $1006737.93   | 0.19%             | 2026-07-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT CNY SOLD USD 20260515                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $20.15        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT CNY SOLD USD 20260708                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $-65.08       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/4.00500 09/29/25-30Y LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $10261.26     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD KZT BOUGHT USD 20260604                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KZ        |          1 | NC      | $-3970.41     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR GBP SONIO/4.50000 09/16/26-30Y LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | GB        |          1 | NC      | $91624.18     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.88500 07/12/24-10Y LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-15962.05    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT KZT SOLD USD 20260720                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KZ        |          1 | NC      | $2944.51      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | OIS CAD CAONREPO/3.1800 11/25/24-9Y* LCH                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CA        |          1 | NC      | $-39368.42    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                             | CITIGROUP INC SR UNSECURED REGS 06/38 6.8                 | CUSIP: B3B27BII7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     300000 | PA      | $427445.00    | 0.08%             | 2038-06-25      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | CAN 10YR BOND FUT JUN26 XMOD 20260619                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CA        |        133 | NC      | $-214132.23   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                       | SOLD ILS BOUGHT USD 20260610                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $3715.45      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | REVERSE REPO THE BANK OF NOVA REVERSE REPO                | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |  -27944312 | PA      | $-28020398.65 | -5.26%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR JPY MUTK/1.00000 03/19/25-7Y LCH                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | JP        |          1 | NC      | $-511471.90   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD GBP BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |          1 | NC      | $1549.90      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| STRUCTURED ASSET MTG INV INC 2007-AR4                                     | STRUCTURED ASSET MORTGAGE INVE SAMI 2007 AR4 A3           | CUSIP: 86364MAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      39905 | PA      | $36198.06     | 0.01%             | 2047-09-25      | Floating      | 4.23%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT TRY SOLD USD 20260421                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $3071.72      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST 2021-GR3                              | GS MORTGAGE BACKED SECURITIES GSMBS 2021 GR3 A2 144A      | CUSIP: 36263TAB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     354503 | PA      | $295606.48    | 0.06%             | 2052-04-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD TRY BOUGHT USD 20260506                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $-705.67      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PACIFIC GAS AND ELECTRIC CO                                               | PACIFIC GAS + ELECTRIC 1ST MORTGAGE 12/46 4               | CUSIP: 694308HR1<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |     100000 | PA      | $73290.68     | 0.01%             | 2046-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD MXN BOUGHT USD 20260617                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $1727.88      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD CZK BOUGHT USD 20260812                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CZ        |          1 | NC      | $13642.10     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                        | US TREASURY N/B 02/55 4.625                               | CUSIP: 912810UG1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    5700000 | PA      | $5437933.61   | 1.02%             | 2055-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| RESIDENTIAL ASSET MGTE PROD INC 2005-EFC7                                 | RESIDENTIAL ASSET MORTGAGE PRO RAMP 2005 EFC7 A2          | CUSIP: 76112BR85<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     567116 | PA      | $473904.07    | 0.09%             | 2035-12-25      | Floating      | 4.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT IDR SOLD USD 20260417                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |          1 | NC      | $-710.93      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD GBP BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |          1 | NC      | $593762.64    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| REALKREDIT DANMARK A/S                                                    | REALKREDIT DANMARK COVERED REGS 10/53 1.5                 | CUSIP: BMXQXJII2<br>LEI: 549300NLOMBOWE943Y30 | Long             | DBT              | CORP              | DK        |    2296723 | PA      | $283047.64    | 0.05%             | 2053-10-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| QATARENERGY                                                               | QATAR ENERGY SR UNSECURED 144A 07/31 2.25                 | CUSIP: 74730DAC7<br>LEI: 254900QTESJKJ3P87J26 | Long             | DBT              | CORP              | QA        |     300000 | PA      | $264430.80    | 0.05%             | 2031-07-12      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| LONG BEACH MTGE LOAN TRUST 2004-4                                         | LONG BEACH MORTGAGE LOAN TRUST LBMLT 2004 4 1A1           | CUSIP: 542514HN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      10123 | PA      | $9917.35      | 0.00%             | 2034-10-25      | Floating      | 4.35%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD CZK BOUGHT USD 20260810                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CZ        |          1 | NC      | $3590.53      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| INDYMAC INDX MORTGAGE LOAN TR 2006-AR4                                    | INDYMAC INDX MORTGAGE LOAN TRU INDX 2006 AR4 A1A          | CUSIP: 45661EAV6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     176172 | PA      | $164008.54    | 0.03%             | 2046-05-25      | Floating      | 4.21%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE HOLDINGS FINANCE CO LLC                                        | BLACKSTONE HOLDINGS FINA COMPANY GUAR 144A 06/34 3.5      | CUSIP: ACI25ZFG7<br>LEI: 549300D2L6J4NC1QVZ22 | Long             | DBT              | CORP              | US        |     600000 | PA      | $659105.46    | 0.12%             | 2034-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT CNY SOLD USD 20260508                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $1034.34      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                        | US TREASURY N/B 02/28 4                                   | CUSIP: 91282CGP0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     700000 | PA      | $702392.58    | 0.13%             | 2028-02-29      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD RON BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | RO        |          1 | NC      | $1327.89      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.25000 06/17/26-5Y LCH                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-127472.25   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST 2020-RPL1                             | NEW RESIDENTIAL MORTGAGE LOAN NRZT 2020 RPL1 A1 144A      | CUSIP: 64828XAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     387705 | PA      | $372693.65    | 0.07%             | 2059-11-25      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD CNH BOUGHT USD 20260507                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $-136098.62   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD INR BOUGHT USD 20260424                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $-8297.14     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TBW MTGE BACKED PASS THRU CERT 2006-4                                     | TBW MORTGAGE BACKED PASS THROU TBW 2006 4 A6              | CUSIP: 872224AG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     189270 | PA      | $4540.41      | 0.00%             | 2036-09-25      | Variable      | 6.47%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD BRL BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $-1672.64     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT SEK SOLD USD 20260504                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | SE        |          1 | NC      | $183.47       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT PLN SOLD USD 20260415                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $-7349.84     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT BRL SOLD USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $435679.75    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| THAILAND GOVT                                                             | THAILAND GOVERNMENT BOND SR UNSECURED 05/36 1.84          | CUSIP: ACI386HX7<br>LEI: 254900PHJ6MSKT6C7026 | Long             | DBT              | NUSS              | TH        |   41805000 | PA      | $1225629.31   | 0.23%             | 2036-05-17      | Fixed         | 1.84%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT IDR SOLD USD 20260610                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |          1 | NC      | $-15.39       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT KWD SOLD USD 20260521                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-449.52      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD DKK BOUGHT USD 20260504                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | DK        |          1 | NC      | $-4387.78     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD MXN BOUGHT USD 20260617                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $1103.83      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NATIONWIDE BUILDING SOCIETY                                               | NATIONWIDE BLDG SOCIETY 144A 02/28 VAR                    | CUSIP: 63861VAF4<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |    1200000 | PA      | $1183512.89   | 0.22%             | 2028-02-16      | Floating      | 2.97%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD INR BOUGHT USD 20260424                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $16415.11     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JP MORGAN MORTGAGE TRUST 2008-R2                                          | JP MORGAN MORTGAGE TRUST JPMMT 2008 R2 1A1 144A           | CUSIP: 46632TAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      23082 | PA      | $21501.55     | 0.00%             | 2037-07-27      | Floating      | 3.94%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | IRS CZK 1.91250 01/30/19-10Y CME                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CZ        |          1 | NC      | $-42602.63    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | OIS CAD CAONREPO/3.0000 03/18/26-10Y LCH                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CA        |          1 | NC      | $-45656.64    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD CAD BOUGHT USD 20260504                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CA        |          1 | NC      | $107883.54    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT IDR SOLD USD 20260610                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |          1 | NC      | $-2175.81     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AIR CANADA 2017-1 CLASS AA PASS THROUGH TRUST                             | AIR CANADA 2017 1AA PTT PASS THRU CE 144A 07/31 3.3       | CUSIP: 00908PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |      61600 | PA      | $59003.02     | 0.01%             | 2031-07-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD THB BOUGHT USD 20260617                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TH        |          1 | NC      | $206.61       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT RON SOLD USD 20260414                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | RO        |          1 | NC      | $1976.88      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                                      | FNMA POOL BM3910 FN 11/30 FIXED VAR                       | CUSIP: 3140J8KY8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      17777 | PA      | $17662.97     | 0.00%             | 2030-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT EUR SOLD USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $4604.65      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP MTGE LOAN TRUST INC 2005-OPT4                                   | CITIGROUP MORTGAGE LOAN TRUST CMLTI 2005 OPT4 M6          | CUSIP: 17307GUW6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     866359 | PA      | $843047.89    | 0.16%             | 2035-07-25      | Floating      | 4.78%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT RON SOLD USD 20260414                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | RO        |          1 | NC      | $-409.40      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD IDR BOUGHT USD 20260610                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |          1 | NC      | $2471.08      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT TRY SOLD USD 20260401                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $4052.74      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT TRY SOLD USD 20260420                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $8359.62      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED KINGDOM GOVT                                                       | UNITED KINGDOM GILT BONDS REGS 01/44 3.25                 | CUSIP: B84Z9VII5<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     900000 | PA      | $895145.70    | 0.17%             | 2044-01-22      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | TRS SOFRINDX/IBOXIG INDX 09/21/26 BPS                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |          1 | NC      | $-53638.64    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| PROVINCE OF ONTARIO CANADA                                                | ONTARIO (PROVINCE OF) SR UNSECURED 06/33 3.65             | CUSIP: 68333ZAY3<br>LEI: C7PVKCRGLG18EBQGZV36 | Long             | DBT              | NUSS              | CA        |    8800000 | PA      | $6345895.97   | 1.19%             | 2033-06-02      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR JPY MUTK/1.50000 09/16/26-2Y LCH                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | JP        |          1 | NC      | $105997.60    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                                                        | CREDIT AGRICOLE SA 144A 01/36 VAR                         | CUSIP: 22535WAN7<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    1800000 | PA      | $1854921.73   | 0.35%             | 2036-01-09      | Floating      | 5.86%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | OIS CAD CAONREPO/3.2500 06/21/23-30Y LCH                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CA        |          1 | NC      | $-52762.52    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | IRS EUR 0.65000 05/11/22-5Y LCH                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |          1 | NC      | $-35203.96    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD MXN BOUGHT USD 20260617                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $9930.26      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                            | MORGAN STANLEY SR UNSECURED 04/30 VAR                     | CUSIP: 61747YFQ3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    1200000 | PA      | $1234652.80   | 0.23%             | 2030-04-18      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| RMAC SECURITIES PLC 2006-NS3X                                             | RMAC SECURITIES PLC RMACS 2006 NS3X A2A REGS              | CUSIP: B1FJ01II9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |     187622 | PA      | $244735.75    | 0.05%             | 2044-06-12      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| SPAIN GOVT                                                                | BONOS Y OBLIG DEL ESTADO SR UNSECURED 05/29 3.5           | CUSIP: ACI2KBGK3<br>LEI: 9598007A56S18711AH60 | Long             | DBT              | NUSS              | ES        |    2100000 | PA      | $2477918.64   | 0.47%             | 2029-05-31      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT KRW SOLD USD 20260416                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KR        |          1 | NC      | $-1052.80     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PERU GOVT                                                                 | BONOS DE TESORERIA SR UNSECURED 144A REGS 08/35 6         | CUSIP: ACI2XSL83<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    3400000 | PA      | $997635.56    | 0.19%             | 2035-08-12      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR JPY MUTK/1.00000 06/18/25-5Y LCH                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | JP        |          1 | NC      | $-24199.64    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT TWD SOLD USD 20260423                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |          1 | NC      | $-10971.46    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.75000 09/17/25-2Y LCH                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $2039.85      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NORTHWOODS CAPITAL XII-B LTD 2018-12BA                                    | NORTHWOODS CAPITAL LTD WOODS 2018 12BA AR 144A            | CUSIP: 66858CAN7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     346641 | PA      | $346994.65    | 0.07%             | 2031-06-15      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT KWD SOLD USD 20270610                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-1486.64     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD INR BOUGHT USD 20260407                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $60312.21     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT TRY SOLD USD 20260428                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $1073.14      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD KRW BOUGHT USD 20260427                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KR        |          1 | NC      | $599.59       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT TRY SOLD USD 20260410                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $7919.03      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JAPAN GOVT                                                                | JAPAN (30 YEAR ISSUE) BONDS 06/54 2.2                     | CUSIP: ACI2PXFN5<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |  283300000 | PA      | $1329165.31   | 0.25%             | 2054-06-20      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH BANK OF AUSTRALIA                                            | COMMONWEALTH BANK AUST COVERED 144A 01/30 4.971           | CUSIP: 202712BW4<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |    4900000 | PA      | $5045101.15   | 0.95%             | 2030-01-22      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| PROJECT CASHMERE                                                          | PROJECT CASHMERE CLASS A1 144A                            | CUSIP: 990ABJRT5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | AU        |    8400000 | PA      | $5795581.56   | 1.09%             | 2057-12-30      | Floating      | 4.54%                 | No            |                  3 | On Loan: No      |
| N/A                                                                       | SOLD THB BOUGHT USD 20260417                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TH        |          1 | NC      | $5308.56      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| WASHINGTON MUTUAL 2006-AR3                                                | WAMU MORTGAGE PASS THROUGH CER WAMU 2006 AR3 A1A          | CUSIP: 92925CDA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      29995 | PA      | $27923.46     | 0.01%             | 2046-02-25      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| COSTA RICA GOVT                                                           | COSTA RICA GOVERNMENT BONDS 144A 01/36 6.001              | CUSIP: ACI3859N0<br>LEI: 549300S1EK2VN6XVJP58 | Long             | DBT              | NUSS              | CR        |     250000 | PA      | $297793.25    | 0.06%             | 2036-01-16      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD PLN BOUGHT USD 20260415                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $533.79       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT KZT SOLD USD 20260716                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KZ        |          1 | NC      | $678.51       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HUNGARY GOVT                                                              | HUNGARY SR UNSECURED 144A 09/32 6.25                      | CUSIP: 445545AS5<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |     300000 | PA      | $313046.71    | 0.06%             | 2032-09-22      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PETRONAS CAPITAL LIMITED                                                  | PETRONAS CAPITAL LTD COMPANY GUAR 144A 04/61 3.404        | CUSIP: 71675CAE8<br>LEI: 549300G7YFX3540OYR85 | Long             | DBT              | CORP              | MY        |     400000 | PA      | $263252.00    | 0.05%             | 2061-04-28      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT RON SOLD USD 20260427                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | RO        |          1 | NC      | $-219.78      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT INR SOLD USD 20260407                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $-30656.29    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | AUST 3YR BOND FUT JUN26 XSFE 20260615                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | AU        |        181 | NC      | $-51454.75    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                       | BOUGHT PEN SOLD USD 20260617                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PE        |          1 | NC      | $-5287.16     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT MXN SOLD USD 20260409                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $3994.28      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD EUR BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $29444.94     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| JAPAN GOVT                                                                | JAPAN (30 YEAR ISSUE) BONDS 03/55 2.4                     | CUSIP: ACI2W94G7<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |    4000000 | PA      | $19556.28     | 0.00%             | 2055-03-20      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD TRY BOUGHT USD 20260420                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $-2106.48     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FRANCE GOVT                                                               | FRANCE (GOVT OF) BONDS 144A REGS 02/30 2.75               | CUSIP: ACI2NSRJ4<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |   10400000 | PA      | $11898950.95  | 2.24%             | 2030-02-25      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                                     | FED HM LN PC POOL RB5012 FR 10/39 FIXED 3.5               | CUSIP: 3133KYR92<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     111887 | PA      | $107054.35    | 0.02%             | 2039-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| REALKREDIT DANMARK A/S                                                    | REALKREDIT DANMARK COVERED REGS 10/53 1                   | CUSIP: BL63VKII4<br>LEI: 549300NLOMBOWE943Y30 | Long             | DBT              | CORP              | DK        |          2 | PA      | $0.20         | 0.00%             | 2053-10-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT CNY SOLD USD 20260521                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $3362.43      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT TWD SOLD USD 20260417                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |          1 | NC      | $22.92        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SOUTH AFRICA GOVT                                                         | SOUTH AFRICA TREASURY BILL 7.93  13.05.2026               | CUSIP: ACI2X3D53<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    9500000 | PA      | $557927.99    | 0.10%             | 2026-05-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| COLOMBIAN GOVT                                                            | FWD0Z3AA3 COLOMBIA GOVT NDF                               | CUSIP: 990ADDTP2<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | US        |  137100000 | PA      | $36391.47     | 0.01%             | 2040-11-28      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON MUTUAL 2006-AR16                                               | WAMU MORTGAGE PASS THROUGH CER WAMU 2006 AR16 2A1         | CUSIP: 92925GAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      56189 | PA      | $50280.52     | 0.01%             | 2036-12-25      | Floating      | 4.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT EUR SOLD USD 20260414                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-354.34      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD ILS BOUGHT USD 20260406                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $12153.91     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.47000 09/04/24-10Y LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $33889.97     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED WHOLESALE MORTGAGE LLC 2021-INV5                                   | UNITED WHOLSALE MORTGAGE LLC UWM 2021 INV5 A12 144A       | CUSIP: 90355DAV5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     456677 | PA      | $396049.86    | 0.07%             | 2052-01-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT INR SOLD USD 20260407                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $-8541.93     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD JPY BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |          1 | NC      | $66881.88     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD ILS BOUGHT USD 20260610                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $2055.77      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CHASE HOME LENDING MORTGAGE TRUST 2023-RPL3                               | CHASE MORTGAGE FINANCE CORPORA CHASE 2023 RPL3 A1 144A    | CUSIP: 161927AC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     997097 | PA      | $894354.92    | 0.17%             | 2063-09-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT IDR SOLD USD 20260427                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |          1 | NC      | $-2306.69     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | 31750RGR2 PIMCO FXVAN CALL USD HKD 7.80000000             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | US        |    1147000 | NC      | $1745.73      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PROVIDUS CLO VII DAC 7A                                                   | PROVIDUS CLO PRVD 7A ARR 144A                             | CUSIP: ACI38JRZ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |    1100000 | PA      | $1267616.23   | 0.24%             | 2038-07-15      | Floating      | 3.16%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | OIS CAD CAONREPO/3.5000 03/22/24-9Y* LCH                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CA        |          1 | NC      | $-28310.15    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.8468* 12/02/24-9Y* LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-1952.71     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SOUTH KOREA GOVT                                                          | KOREA TREASURY BOND BONDS 06/30 1.375                     | CUSIP: ACI1LSN29<br>LEI: 549300O0QCVSQGPGDT58 | Long             | DBT              | NUSS              | KR        | 1811520000 | PA      | $1078893.13   | 0.20%             | 2030-06-10      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT BRL SOLD USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $8.91         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HCA INC                                                                   | HCA INC DISC COML PAPER 05/26 ZCP                         | CUSIP: 40412DE13<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    1350000 | PA      | $1344961.67   | 0.25%             | 2026-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ASSET BACKED CERTS 2006-22                                    | COUNTRYWIDE ASSET BACKED CERTI CWL 2006 22 1A             | CUSIP: 12666BAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     177642 | PA      | $164738.16    | 0.03%             | 2035-06-25      | Floating      | 4.07%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOUTH KOREA GOVT AS BP MYC                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |          1 | NC      | $-50473.48    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT TRY SOLD USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $2248.96      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | JPN 10Y BOND(OSE) JUN26 XOSE 20260615                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | JP        |        -37 | NC      | $366449.48    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                       | IRS AUD 4.25000 09/17/25-10Y LCH                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | AU        |          1 | NC      | $-141002.39   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | CCS USD R USSOFR/JPYMUTKCALM -45 CBK                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | US        |          1 | NC      | $3709.92      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ROMANIA GOVT                                                              | ROMANIA SR UNSECURED 144A 09/29 6.625                     | CUSIP: ACI28T967<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     300000 | PA      | $369918.30    | 0.07%             | 2029-09-27      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD KWD BOUGHT USD 20300513                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $7410.31      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | OIS CAD CAONREPO/2.8500 12/19/24-8Y* LCH                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CA        |          1 | NC      | $3000.70      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PROVINCE OF QUEBEC                                                        | PROVINCE OF QUEBEC SR UNSECURED 09/34 4.45                | CUSIP: 74814ZFT5<br>LEI: 549300WN65YFEQH74Y36 | Long             | DBT              | NUSS              | CA        |     400000 | PA      | $300380.25    | 0.06%             | 2034-09-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| CS FIRST BOSTON MTGE SEC CORP 2001-HE17                                   | CREDIT SUISSE FIRST BOSTON MOR CSFB 2001 HE17 A1          | CUSIP: 22540A7A0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        204 | PA      | $201.99       | 0.00%             | 2032-01-25      | Floating      | 4.41%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT RON SOLD USD 20260414                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | RO        |          1 | NC      | $-1701.31     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD AUD BOUGHT USD 20260504                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | AU        |          1 | NC      | $-2871.44     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT TRY SOLD USD 20260505                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $-51.51       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| EGYPTIAN GOVT                                                             | EGYPT TREASURY BILL BILLS 10/26 0.00000                   | CUSIP: ACI3187G8<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |     400000 | PA      | $6431.76      | 0.00%             | 2026-10-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD BRL BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $-165.70      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| NEWGATE FUNDING PLC-2007-1X                                               | NEWGATE FUNDING PLC NGATE 2007 1X A3 REGS                 | CUSIP: 994BNLII5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |      89435 | PA      | $116896.40    | 0.02%             | 2050-12-01      | Floating      | 4.01%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT RON SOLD USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | RO        |          1 | NC      | $-1171.65     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD CHF BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CH        |          1 | NC      | $939.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT INR SOLD USD 20260410                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $-38701.13    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT CAD SOLD USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CA        |          1 | NC      | $-108490.65   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| FANNIE MAE 2004-11                                                        | FANNIE MAE FNR 2004 11 A                                  | CUSIP: 31393T7H3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |        224 | PA      | $223.75       | 0.00%             | 2034-03-25      | Floating      | 3.90%                 | No            |                  2 | On Loan: No      |
| GSR MORTGAGE LOAN TRUST 2004-14                                           | GSR MORTGAGE LOAN TRUST GSR 2004 14 1A1                   | CUSIP: 36242DPB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       3893 | PA      | $3717.85      | 0.00%             | 2034-12-25      | Floating      | 4.12%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ASSET BACKED CERTS 2006-25                                    | COUNTRYWIDE ASSET BACKED CERTI CWL 2006 25 1A             | CUSIP: 12667TAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     536326 | PA      | $514172.81    | 0.10%             | 2047-06-25      | Floating      | 4.07%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD TRY BOUGHT USD 20260420                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $-755.22      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD ILS BOUGHT USD 20260617                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $5181.30      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT THB SOLD USD 20260417                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TH        |          1 | NC      | $-2456.46     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AVOLON TLB BORROWER 1 (US) LLC                                            | AVOLON TLB BORROWER 1 US LLC 2023 TERM LOAN B6            | CUSIP: 05400KAJ9<br>LEI: 635400O84AGITYFZQB55 | Long             | LON              | CORP              | US        |    1143769 | PA      | $1147343.68   | 0.22%             | 2030-06-24      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD JPY BOUGHT USD 20260507                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |          1 | NC      | $-4611.82     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD EUR BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $33419.95     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| DOCTORS CO/THE                                                            | DOCTORS CO INTERINSURANC SUBORDINATED 144A 01/32 4.5      | CUSIP: 256141AB8<br>LEI: MKYKR1GWDRIJRLI1S211 | Long             | DBT              | CORP              | US        |     200000 | PA      | $182271.22    | 0.03%             | 2032-01-18      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UMBS PASS THRU POOLS                                                      | FNMA TBA 15 YR 2 SINGLE FAMILY MORTGAGE                   | CUSIP: 01F020448<br>LEI: N/A                  | Short            | ABS-MBS          | USGSE             | US        |  -10800000 | PA      | $-9937419.34  | -1.87%            | 2041-04-16      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| EUROSAIL PLC 2007-3X                                                      | EUROSAIL PLC ESAIL 2007 3X A3A REGS                       | CUSIP: ACI01JMT5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |      58227 | PA      | $77073.56     | 0.01%             | 2045-06-13      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD INR BOUGHT USD 20260407                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $922.30       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.94000 08/22/25-1Y LCH                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-3957.80     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | REVERSE REPO DEUTSCHE REVERSE REPO                        | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -1724934 | PA      | $-1727455.98  | -0.32%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/4.06500 06/26/25-30Y LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $8904.56      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FINANCIAL GROUP INC (MUFG)                                 | MITSUBISHI UFJ FIN GRP SR UNSECURED 04/30 VAR             | CUSIP: 606822DE1<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    2000000 | PA      | $2035546.22   | 0.38%             | 2030-04-17      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT TWD SOLD USD 20260420                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |          1 | NC      | $-18886.27    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR CHF SRFXON3/0.25000 03/18/26-5Y LCH                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CH        |          1 | NC      | $-18866.02    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT TRY SOLD USD 20260422                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $685.24       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORPORATION                                               | BANK OF AMERICA CORP SR UNSECURED 04/29 VAR               | CUSIP: 06051GLG2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    1300000 | PA      | $1318700.28   | 0.25%             | 2029-04-25      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                        | US TREASURY N/B 08/49 2.25                                | CUSIP: 912810SJ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    1300000 | PA      | $808894.53    | 0.15%             | 2049-08-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| JAPAN GOVT                                                                | JAPAN (30 YEAR ISSUE) BONDS 09/55 3.2                     | CUSIP: ACI30Y3M3<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |  120000000 | PA      | $694979.99    | 0.13%             | 2055-09-20      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT EUR SOLD USD 20260810                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-1962.43     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD BRL BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $-131.11      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | PEMEX LCDS SP DUB                                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |          1 | NC      | $2964.18      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                                                       | SOLD TRY BOUGHT USD 20260408                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $-13699.60    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | EURO-BOBL FUTURE  JUN26 XEUR 20260608                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | DE        |       -225 | NC      | $563511.25    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| COUNTRYWIDE HOME LOANS 2005-2                                             | COUNTRYWIDE HOME LOANS CWHL 2005 2 2A1                    | CUSIP: 12669GPR6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       1963 | PA      | $1909.61      | 0.00%             | 2035-03-25      | Floating      | 4.43%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                         | HSBC HOLDINGS PLC SR UNSECURED 06/29 VAR                  | CUSIP: 404280BT5<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |     800000 | PA      | $799572.62    | 0.15%             | 2029-06-19      | Floating      | 4.58%                 | No            |                  2 | On Loan: No      |
| MEXICO GOVT                                                               | UNITED MEXICAN STATES SR UNSECURED 01/38 6.625            | CUSIP: 91087BBF6<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     200000 | PA      | $204300.00    | 0.04%             | 2038-01-29      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ALTERNATIVE LOAN TRUST 2005-21CB                              | COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2005 21CB A3         | CUSIP: 12667GKC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       2649 | PA      | $1940.12      | 0.00%             | 2035-06-25      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| POLAND GOVT                                                               | REPUBLIC OF POLAND BONDS 02/35 5.375                      | CUSIP: 857524AH5<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |     300000 | PA      | $306153.37    | 0.06%             | 2035-02-12      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2016-H14                         | GOVERNMENT NATIONAL MORTGAGE A GNR 2016 H14 FA            | CUSIP: 38376RVV5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     169775 | PA      | $170374.66    | 0.03%             | 2066-06-20      | Floating      | 4.58%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD ZAR BOUGHT USD 20261221                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |          1 | NC      | $-3045.87     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT MXN SOLD USD 20260617                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $-7967.37     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT TRY SOLD USD 20260408                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $2888.63      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                                      | FNMA POOL BY6161 FN 07/53 FIXED 5.5                       | CUSIP: 3140NNZ32<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    2304082 | PA      | $2320894.45   | 0.44%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| THORNBURG MORTGAGE SECURITIES TR 2007-3                                   | THORNBURG MORTGAGE SECURITIES TMST 2007 3 3A1             | CUSIP: 88522XAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       2775 | PA      | $2430.88      | 0.00%             | 2047-06-25      | Floating      | 5.79%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                        | US TREASURY N/B 08/35 4.25                                | CUSIP: 91282CNT4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     200000 | PA      | $199281.25    | 0.04%             | 2035-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD EUR BOUGHT USD 20260414                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $2506.83      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR GBP SONIO/4.00000 03/18/26-10Y LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | GB        |          1 | NC      | $210497.91    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.75000 06/17/26-10Y LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $72013.61     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.00000 06/17/26-2Y LCH                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-247732.80   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| DRYDEN XXVII-R EURO CLO BV 2017-27A                                       | DRYDEN LEVERAGED LOAN CDO DRYD 2017 27A AR 144A           | CUSIP: ACI1W43B2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |     319783 | PA      | $370080.30    | 0.07%             | 2033-04-15      | Floating      | 2.68%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT KRW SOLD USD 20260420                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KR        |          1 | NC      | $-75.75       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT JPY SOLD USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |          1 | NC      | $23021.86     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD NZD BOUGHT USD 20260504                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | NZ        |          1 | NC      | $24154.83     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD TRY BOUGHT USD 20260414                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $-3317.26     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD JPY BOUGHT USD 20260507                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |          1 | NC      | $-19268.14    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SANDS CHINA LTD                                                           | SANDS CHINA LTD SR UNSECURED 08/28 5.65                   | CUSIP: 80007RAE5<br>LEI: 549300EVO6UZDGY05787 | Long             | DBT              | CORP              | KY        |     500000 | PA      | $504059.00    | 0.09%             | 2028-08-08      | Variable      | 5.40%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.99801 02/13/25-30Y* LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $34059.25     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| STRUCTURED ASSET MTG INV INC 2006-AR3                                     | STRUCTURED ASSET MORTGAGE INVE SAMI 2006 AR3 12A1         | CUSIP: 86360KAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      30427 | PA      | $25541.49     | 0.00%             | 2036-05-25      | Floating      | 4.23%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT BRL SOLD USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $13.84        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD AUD BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | AU        |          1 | NC      | $461275.83    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| JAPAN GOVT                                                                | JAPAN (5 YEAR ISSUE) BONDS 06/29 0.4                      | CUSIP: ACI2QPV94<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |  300000000 | PA      | $1822797.01   | 0.34%             | 2029-06-20      | Fixed         | 0.40%                 | No            |                  2 | On Loan: No      |
| ONE NEW YORK PLAZA TRUST 2020-1NYP                                        | ONE NEW YORK PLAZA TRUST 2020 ONYP 2020 1NYP A 144A       | CUSIP: 68249DAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1510254 | PA      | $1458810.52   | 0.27%             | 2036-01-15      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                        | US TREASURY N/B 02/56 4.75                                | CUSIP: 912810UR7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     100000 | PA      | $97546.88     | 0.02%             | 2056-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT NOK SOLD USD 20260407                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | NO        |          1 | NC      | $1801.83      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT CNY SOLD USD 20260611                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $-1002.17     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR GBP SONIO/3.50000 03/18/26-5Y LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | GB        |          1 | NC      | $-123205.67   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD KRW BOUGHT USD 20260410                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KR        |          1 | NC      | $170.12       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | IRS EUR 3.00000 03/19/25-2Y LCH                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |          1 | NC      | $75567.06     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ARGENT SECURITIES INC 2005-W1                                             | ARGENT SECURITIES INC. ARSI 2005 W1 A1                    | CUSIP: 040104MX6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     773252 | PA      | $715728.96    | 0.13%             | 2035-05-25      | Floating      | 4.27%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR JPY MUTK/1.25000 06/18/25-10Y LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | JP        |          1 | NC      | $-33005.66    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | IRS CNY R 1.50000 03/17/27-5Y BPS                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CN        |          1 | NC      | $-186101.87   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT CNY SOLD USD 20260609                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $-2986.35     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT EUR SOLD USD 20260422                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $3970.44      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5513                                                   | FREDDIE MAC FHR 5513 MF                                   | CUSIP: 3137HKEX8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    1516437 | PA      | $1526387.61   | 0.29%             | 2054-11-25      | Floating      | 4.60%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD NZD BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | NZ        |          1 | NC      | $74695.03     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD ILS BOUGHT USD 20260610                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $2081.08      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | EURO-BUXL 30Y BND JUN26 XEUR 20260608                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | DE        |         13 | NC      | $-19825.70    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                       | IRS EUR 1.00000 05/13/22-5Y LCH                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |          1 | NC      | $-44894.28    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT TWD SOLD USD 20260420                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |          1 | NC      | $1661.37      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | OIS SGD SIBSORA/2.00000 09/16/26-5Y LCH                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | SG        |          1 | NC      | $78067.74     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST 2019-RPL3                             | NEW RESIDENTIAL MORTGAGE LOAN NRZT 2019 RPL3 A1 144A      | CUSIP: 64830NAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     430533 | PA      | $417709.42    | 0.08%             | 2059-07-25      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD TWD BOUGHT USD 20260626                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |          1 | NC      | $17742.44     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| VENTURE 44 CLO LTD                                                        | VENTURE CDO LTD VENTR 2021 44A A1NR 144A                  | CUSIP: 92332KAQ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     600000 | PA      | $600605.29    | 0.11%             | 2034-10-20      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD RON BOUGHT USD 20260414                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | RO        |          1 | NC      | $-84.02       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| REALKREDIT DANMARK A/S                                                    | REALKREDIT DANMARK COVERED REGS 10/53 1.5                 | CUSIP: ACI1WVDP0<br>LEI: 549300NLOMBOWE943Y30 | Long             | DBT              | CORP              | DK        |          1 | PA      | $0.17         | 0.00%             | 2053-10-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                        | TSY INFL IX N/B 07/31 0.125                               | CUSIP: 91282CCM1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    2548119 | PA      | $2381548.87   | 0.45%             | 2031-07-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| CHINA GOVT                                                                | CHINA GOVERNMENT BOND BONDS 05/35 1.65                    | CUSIP: BT6F11II5<br>LEI: 300300CHN201808MOF68 | Long             | DBT              | NUSS              | CN        |   28900000 | PA      | $4143315.05   | 0.78%             | 2035-05-15      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| LOANCORE 2022-CRE7 ISSUER LTD                                             | LOANCORE 2022 CRE7 ISSUER LTD. LNCR 2022 CRE7 A 144A      | CUSIP: 53946PAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     290644 | PA      | $290199.57    | 0.05%             | 2037-01-17      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD CAD BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CA        |          1 | NC      | $344252.22    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT RON SOLD USD 20260414                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | RO        |          1 | NC      | $2194.35      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JYSKE REALKREDIT A/S                                                      | JYSKE REALKREDIT A/S COVERED 10/53 1.5                    | CUSIP: ACI1W77N5<br>LEI: 529900R9HQNZRT2OXB26 | Long             | DBT              | CORP              | DK        |          2 | PA      | $0.23         | 0.00%             | 2053-10-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY MORTGAGE TRUST 2021-FL2                                 | STARWOOD COMMERCIAL MORTGAGE T STWD 2021 FL2 A 144A       | CUSIP: 78486BAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     176234 | PA      | $176294.78    | 0.03%             | 2038-04-18      | Floating      | 4.99%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ASSET-BACKED CERT 2007-1                                      | COUNTRYWIDE ASSET BACKED CERTI CWL 2007 1 1A              | CUSIP: 23245CAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     148766 | PA      | $138203.76    | 0.03%             | 2037-07-25      | Floating      | 4.07%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD RON BOUGHT USD 20260408                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | RO        |          1 | NC      | $-236.79      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.32500 07/06/26-4Y* LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $336092.18    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| CREDIT SUISSE MRTG CAPITAL CERT 2006-7                                    | CREDIT SUISSE MORTGAGE TRUST CSMC 2006 7 6A3              | CUSIP: 22942KBD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     526806 | PA      | $376579.11    | 0.07%             | 2036-08-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                                     | FED HM LN PC POOL SD8439 FR 06/54 FIXED 6                 | CUSIP: 3132DWLU5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     146887 | PA      | $149931.47    | 0.03%             | 2054-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD GBP BOUGHT USD 20260505                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |          1 | NC      | $162484.87    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                                                      | GLENCORE FUNDING LLC COMPANY GUAR 144A 04/29 5.371        | CUSIP: 378272BS6<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    1300000 | PA      | $1327406.48   | 0.25%             | 2029-04-04      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                                      | GNMA II POOL MA7988 G2 04/52 FIXED 3                      | CUSIP: 36179W2V9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    1949559 | PA      | $1742951.53   | 0.33%             | 2052-04-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| JAPAN GOVT                                                                | JAPAN (30 YEAR ISSUE) BONDS 12/48 0.7                     | CUSIP: BJB9V0II4<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |  498000000 | PA      | $1786248.07   | 0.34%             | 2048-12-20      | Fixed         | 0.70%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD THB BOUGHT USD 20260617                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TH        |          1 | NC      | $-559.25      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PETRONAS CAPITAL LIMITED                                                  | PETRONAS CAPITAL LTD COMPANY GUAR 144A 04/60 4.8          | CUSIP: 716743AS8<br>LEI: 549300G7YFX3540OYR85 | Long             | DBT              | CORP              | MY        |     200000 | PA      | $174387.96    | 0.03%             | 2060-04-21      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT EUR SOLD USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-3772.76     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT CHF SOLD USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CH        |          1 | NC      | $-6199.97     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD THB BOUGHT USD 20260420                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TH        |          1 | NC      | $2705.13      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | CDX ITRAXX XOV44 5Y 35-100% SP GST                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | N/A       |          1 | NC      | $120072.06    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR JPY MUTK/0.60000 12/18/24-5Y LCH                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | JP        |          1 | NC      | $-217842.27   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD MXN BOUGHT USD 20260617                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $688.68       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SOUTHERN CO                                                               | SOUTHERN CO JR SUBORDINA 09/81 VAR                        | CUSIP: ACI20FY59<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |     300000 | PA      | $336413.70    | 0.06%             | 2081-09-15      | Floating      | 1.88%                 | No            |                  2 | On Loan: No      |
| CHINA DEVELOPMENT BANK                                                    | CHINA DEVELOPMENT BANK UNSECURED 05/33 2.82               | CUSIP: ACI2G7SL2<br>LEI: 300300C1020111000029 | Long             | DBT              | CORP              | CN        |   95780000 | PA      | $14807342.32  | 2.78%             | 2033-05-22      | Fixed         | 2.82%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD ZAR BOUGHT USD 20260420                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |          1 | NC      | $46273.12     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY MORTGAGE LOAN TRUST 2007-1XS                               | MORGAN STANLEY MORTGAGE LOAN T MSM 2007 1XS 2A3           | CUSIP: 61752JAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     125936 | PA      | $25175.21     | 0.00%             | 2046-09-25      | Variable      | 6.42%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD ZAR BOUGHT USD 20260506                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |          1 | NC      | $-75469.50    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD KZT BOUGHT USD 20260603                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KZ        |          1 | NC      | $-4840.94     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR JPY MUTK/1.00000 03/19/25-10Y LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | JP        |          1 | NC      | $-782147.66   | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| JYSKE REALKREDIT A/S                                                      | JYSKE REALKREDIT A/S COVERED 07/50 1.5                    | CUSIP: BD9H2PII9<br>LEI: 529900R9HQNZRT2OXB26 | Long             | DBT              | CORP              | DK        |          1 | PA      | $0.14         | 0.00%             | 2050-07-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| JAPAN GOVT                                                                | JAPAN (30 YEAR ISSUE) BONDS 12/50 0.7                     | CUSIP: BL6JRNII8<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |  160000000 | PA      | $535695.79    | 0.10%             | 2050-12-20      | Fixed         | 0.70%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.96415 02/12/25-30Y* LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $18084.13     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT TRY SOLD USD 20260413                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $920.22       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                     | WELLS FARGO + COMPANY SR UNSECURED 07/28 VAR              | CUSIP: 95000U3A9<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    1600000 | PA      | $1607039.62   | 0.30%             | 2028-07-25      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                                      | GNMA II POOL MB0741 G2 11/55 FIXED 3                      | CUSIP: 3618N5ZF9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      99512 | PA      | $88965.76     | 0.02%             | 2055-11-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT THB SOLD USD 20260416                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TH        |          1 | NC      | $-1087.94     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD PEN BOUGHT USD 20260617                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PE        |          1 | NC      | $116269.86    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD KWD BOUGHT USD 20300515                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $7405.19      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT CNH SOLD USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $135.61       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT COP SOLD USD 20260410                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $-516.07      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD COP BOUGHT USD 20260617                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $2992.78      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.96000 06/27/25-30Y LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $37277.66     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ABU DHABI DEVELOPMENTAL HOLDING COMPANY PJSC                              | ABU DHABI DEVELOPMENT HO SR UNSECURED 144A 05/30 4.5      | CUSIP: 00402AAA9<br>LEI: 254900G082ZFKTCR2Q75 | Long             | DBT              | CORP              | AE        |     200000 | PA      | $197352.06    | 0.04%             | 2030-05-06      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | OIS CAD CAONREPO/2.7500 12/18/18-30Y LCH                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CA        |          1 | NC      | $-55919.89    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | CDX ITRAXX MAIN45 5Y ICE                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | N/A       |          1 | NC      | $-410953.86   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD TRY BOUGHT USD 20260420                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $-5718.30     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | IRS EUR 2.82500 09/19/45-10Y LCH                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |          1 | NC      | $-66455.17    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | 31750SBI5 PIMCO FXVAN PUT USD KRW 1350.0000000            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | US        |   -2132500 | NC      | $-1703.87     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED KINGDOM GOVT                                                       | UNITED KINGDOM GILT BONDS REGS 01/41 5.25                 | CUSIP: ACI313VK3<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |    1200000 | PA      | $1581887.85   | 0.30%             | 2041-01-31      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD THB BOUGHT USD 20260617                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TH        |          1 | NC      | $1613.17      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.80346 03/03/25-30Y* LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $63314.54     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                                      | FNMA POOL FM3243 FN 02/50 FIXED VAR                       | CUSIP: 3140X6S93<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     207290 | PA      | $192276.24    | 0.04%             | 2050-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                                     | FED HM LN PC POOL QG4720 FR 06/53 FIXED 5.5               | CUSIP: 3133C5G54<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     857865 | PA      | $864081.38    | 0.16%             | 2053-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CHESHIRE 2025-1 PLC 2025-1                                                | CHESHIRE CHESH 2025 1 A REGS                              | CUSIP: ACI2ZPN69<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |     893751 | PA      | $1181780.28   | 0.22%             | 2048-06-28      | Floating      | 4.53%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | 31750RIV1 PIMCO FXVAN CALL USD HKD 7.80000000             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | US        |     597000 | NC      | $858.49       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | IRS EUR 0.65000 04/12/22-5Y LCH                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |          1 | NC      | $-51587.04    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT CNY SOLD USD 20260706                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $-931.46      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| REAL ESTATE ASSET LIQUIDITY TRUST 2020-1A                                 | REAL ESTATE ASSET LIQUIDITY TR REALT 2020 1A A1 144A      | CUSIP: 75585RRT4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | CA        |      27227 | PA      | $19550.80     | 0.00%             | 2055-02-12      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                        | TREASURY BILL 07/26 0.00000                               | CUSIP: 912797UQ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     615000 | PA      | $608182.98    | 0.11%             | 2026-07-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                                      | GNMA II POOL 080409 G2 05/30 FLOATING VAR                 | CUSIP: 36225CN36<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |        121 | PA      | $121.41       | 0.00%             | 2030-05-20      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/4.08316 06/30/26-27Y* LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $3777.72      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                        | US TREASURY N/B 02/46 4.625                               | CUSIP: 912810UT3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     200000 | PA      | $192828.12    | 0.04%             | 2046-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT KWD SOLD USD 20260504                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-722.81      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                        | US TREASURY N/B 02/48 3                                   | CUSIP: 912810SA7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    1000000 | PA      | $737695.31    | 0.14%             | 2048-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                                      | FNMA POOL MA5445 FN 08/54 FIXED 6                         | CUSIP: 31418FBP1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     190842 | PA      | $194804.17    | 0.04%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2020-1                                          | TOWD POINT MORTGAGE TRUST TPMT 2020 1 A1 144A             | CUSIP: 89178WAU2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     340389 | PA      | $329005.37    | 0.06%             | 2060-01-25      | Variable      | 2.71%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                   | GOLDMAN SACHS GROUP INC SR UNSECURED 10/35 VAR            | CUSIP: 38141GB78<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    1100000 | PA      | $1080024.84   | 0.20%             | 2035-10-23      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT GBP SOLD USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |          1 | NC      | $-7169.08     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT EUR SOLD USD 20260414                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-2961.88     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| EUROPEAN UNION (EU)                                                       | EUROPEAN UNION SR UNSECURED REGS 10/45 3.75               | CUSIP: ACI2X44W2<br>LEI: 529900FZRK8FGMPEOM08 | Long             | DBT              | NUSS              | N/A       |    3300000 | PA      | $3694284.78   | 0.69%             | 2045-10-12      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| MALAYSIA GOVT                                                             | MALAYSIA GOVERNMENT BONDS 04/31 2.632                     | CUSIP: ACI1S5B09<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |    2700000 | PA      | $643538.90    | 0.12%             | 2031-04-15      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD COP BOUGHT USD 20260410                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $-49223.81    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT TWD SOLD USD 20270125                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |          1 | NC      | $-85267.96    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT GBP SOLD USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |          1 | NC      | $-162442.12   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD TWD BOUGHT USD 20260423                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |          1 | NC      | $37970.37     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| STRUCTURED ASSET INVST LN TR 2006-4                                       | STRUCTURED ASSET INVESTMENT LO SAIL 2006 4 A2             | CUSIP: 86360WAB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     268465 | PA      | $197593.18    | 0.04%             | 2036-07-25      | Floating      | 4.05%                 | No            |                  2 | On Loan: No      |
| ROMANIA GOVT                                                              | ROMANIA SR UNSECURED 144A 03/28 2.125                     | CUSIP: ACI23CKY5<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     400000 | PA      | $448566.98    | 0.08%             | 2028-03-07      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                                      | FNMA POOL FM3972 FN 07/50 FIXED VAR                       | CUSIP: 3140X7MW6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     413593 | PA      | $384255.63    | 0.07%             | 2050-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| STRUCTURED ASSET MTGE INVEST 2007-AR6                                     | STRUCTURED ASSET MORTGAGE INVE SAMI 2007 AR6 A1           | CUSIP: 86364RAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      14870 | PA      | $12878.44     | 0.00%             | 2047-08-25      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD TRY BOUGHT USD 20260424                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $-1533.38     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TREASURY CORPORATION OF VICTORIA                                          | TREASURY CORP VICTORIA LOCAL GOVT G 09/35 2               | CUSIP: BMF7LTII5<br>LEI: 549300ZJM7BQW1P9UV75 | Long             | DBT              | MUN               | AU        |    1200000 | PA      | $607807.48    | 0.11%             | 2035-09-17      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ISRAEL GOVT                                                               | STATE OF ISRAEL SR UNSECURED 01/33 4.5                    | CUSIP: 46514BRA7<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |     400000 | PA      | $384804.80    | 0.07%             | 2033-01-17      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT CNY SOLD USD 20260513                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $3827.64      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FAIRFAX FINANCIAL HOLDINGS LIMITED                                        | FAIRFAX FINL HLDGS LTD SR UNSECURED REGS 03/28 2.75       | CUSIP: ACI11PCM5<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | DBT              | CORP              | CA        |     500000 | PA      | $566768.97    | 0.11%             | 2028-03-29      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD NGN BOUGHT USD 20261118                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | NG        |          1 | NC      | $-4872.34     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT PLN SOLD USD 20260415                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $-1183.82     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR JPY MUTK/0.4500 12/15/21-30Y LCH                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | JP        |          1 | NC      | $-308589.84   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| GSAMP TRUST 2005-HE6                                                      | GSAMP TRUST GSAMP 2005 HE6 M3                             | CUSIP: 362341G60<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1000000 | PA      | $881082.90    | 0.17%             | 2035-11-25      | Floating      | 4.51%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT CNY SOLD USD 20260515                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $446.22       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD MXN BOUGHT USD 20260617                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $729.12       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JP MORGAN MORTGAGE TRUST 2021-INV8                                        | JP MORGAN MORTGAGE TRUST JPMMT 2021 INV8 A2 144A          | CUSIP: 46654RAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    3063486 | PA      | $2666421.24   | 0.50%             | 2052-05-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| KUWAIT GOVT                                                               | KUWAIT INTL BOND SR UNSECURED 144A 10/35 4.652            | CUSIP: 501499AF4<br>LEI: 549300FSC1YD0D9XX589 | Long             | DBT              | NUSS              | KW        |     900000 | PA      | $865587.25    | 0.16%             | 2035-10-09      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.85092 12/02/24-4Y* LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-31335.85    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD MXN BOUGHT USD 20260617                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $537.19       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT BRL SOLD USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $3621.15      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD ILS BOUGHT USD 20260617                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $5104.90      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | IRS EUR 0.06350 11/17/22-30Y LCH                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |          1 | NC      | $130729.27    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | IRS EUR 0.45100 05/27/25-25Y LCH                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |          1 | NC      | $-485045.71   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT EUR SOLD USD 20260504                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $1084.22      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD TRY BOUGHT USD 20260401                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $-2086.31     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD TWD BOUGHT USD 20260608                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |          1 | NC      | $24261.91     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                        | US TREASURY N/B 08/48 3                                   | CUSIP: 912810SD1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     500000 | PA      | $367089.85    | 0.07%             | 2048-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT DKK SOLD USD 20260407                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | DK        |          1 | NC      | $-205.52      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                                      | GNMA II POOL 080187 G2 04/28 FLOATING VAR                 | CUSIP: 36225CF50<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |         34 | PA      | $34.04        | 0.00%             | 2028-04-20      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| CITIGROUP MTGE LOAN TR INC 2007-WFH3                                      | CITIGROUP MORTGAGE LOAN TRUST CMLTI 2007 WFH3 M1          | CUSIP: 17313CAD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     548195 | PA      | $548445.07    | 0.10%             | 2037-06-25      | Floating      | 4.18%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | 31750RIW9 PIMCO FXVAN CALL USD HKD 7.85000000             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | US        |    -597000 | NC      | $-241.79      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/1.75000 06/15/22-30Y LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $1290527.11   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| PERU GOVT                                                                 | BONOS DE TESORERIA SR UNSECURED 144A REGS 08/33 7         | CUSIP: ACI2GGZ75<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |   10500000 | PA      | $3306146.73   | 0.62%             | 2033-08-12      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| ANGEL OAK MORTGAGE TRUST 2025-R1                                          | ANGEL OAK MORTGAGE TRUST AOMT 2025 R1 A1 144A             | CUSIP: 034951AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1276102 | PA      | $1264654.44   | 0.24%             | 2062-07-25      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAPITAL DAC / AERCAP GLOBAL AVIATION TRUST                 | AERCAP IRELAND CAP/GLOBA COMPANY GUAR 10/28 3             | CUSIP: 00774MAW5<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |     600000 | PA      | $577702.39    | 0.11%             | 2028-10-29      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SPAIN GOVT                                                                | BONOS Y OBLIG DEL ESTADO SR UNSECURED 144A REGS 10/35 3   | CUSIP: ACI2XHL53<br>LEI: 9598007A56S18711AH60 | Long             | DBT              | NUSS              | ES        |    1200000 | PA      | $1357809.62   | 0.26%             | 2035-10-31      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.50000 03/18/26-2Y LCH                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-8365.72     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD RON BOUGHT USD 20260408                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | RO        |          1 | NC      | $-4790.60     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD KRW BOUGHT USD 20260413                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KR        |          1 | NC      | $-638.92      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD SGD BOUGHT USD 20260504                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | SG        |          1 | NC      | $54914.45     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT IDR SOLD USD 20260610                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |          1 | NC      | $-5580.60     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT CZK SOLD USD 20260415                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CZ        |          1 | NC      | $-304.97      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | 3MO EURO EURIBOR  DEC26 IFLL 20261214                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | GB        |        787 | NC      | $-780854.91   | -0.15%            |  |  |  | No            |                  1 | On Loan: No      |
| KUWAIT GOVT                                                               | KUWAIT INTL BOND SR UNSECURED 144A 10/30 4.136            | CUSIP: 501499AE7<br>LEI: 549300FSC1YD0D9XX589 | Long             | DBT              | NUSS              | KW        |     700000 | PA      | $685756.51    | 0.13%             | 2030-10-09      | Fixed         | 4.14%                 | No            |                  2 | On Loan: No      |
| SOUTH AFRICA GOVT                                                         | REPUBLIC OF SOUTH AFRICA 04/26 ZCP                        | CUSIP: ACI2WQ115<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |   13190000 | PA      | $777579.12    | 0.15%             | 2026-04-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ALTERNATIVE LN TR 2005-62                                     | COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2005 62 2A1          | CUSIP: 12668ATT2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      15870 | PA      | $13935.03     | 0.00%             | 2035-12-25      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST 2022-PJ4                              | GS MORTGAGE BACKED SECURITIES GSMBS 2022 PJ4 A4 144A      | CUSIP: 36264RAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    2481064 | PA      | $2068862.36   | 0.39%             | 2052-09-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| THORNBURG MORTGAGE SECURITIES TR 2007-3                                   | THORNBURG MORTGAGE SECURITIES TMST 2007 3 2A1             | CUSIP: 88522XAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       2646 | PA      | $2609.44      | 0.00%             | 2047-06-25      | Floating      | 5.79%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/4.12982 02/14/25-30Y* LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $1344.78      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD THB BOUGHT USD 20260416                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TH        |          1 | NC      | $12846.72     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD CAD BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CA        |          1 | NC      | $6454.72      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PERU GOVT                                                                 | REPUBLIC OF PERU SR UNSECURED 12/60 2.78                  | CUSIP: 715638DQ2<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     700000 | PA      | $370895.00    | 0.07%             | 2060-12-01      | Fixed         | 2.78%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.25000 12/20/23-30Y LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $325608.82    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | CDX IG45 5Y ICE                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |          1 | NC      | $462114.38    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT CNY SOLD USD 20260507                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $712.77       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TERWIN MORTGAGE TRUST SERIES TMTS 2003-6HE                                | TERWIN MORTGAGE TRUST TMTS 2003 6HE A1                    | CUSIP: 881561CE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      12603 | PA      | $11589.63     | 0.00%             | 2033-11-25      | Floating      | 4.73%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD SGD BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | SG        |          1 | NC      | $3080.13      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JYSKE REALKREDIT A/S                                                      | JYSKE REALKREDIT A/S COVERED 10/50 1                      | CUSIP: BKLH46II9<br>LEI: 529900R9HQNZRT2OXB26 | Long             | DBT              | CORP              | DK        |          2 | PA      | $0.23         | 0.00%             | 2050-10-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT EUR SOLD USD 20260414                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-1724.53     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5563                                                   | FREDDIE MAC FHR 5563 FV                                   | CUSIP: 3137HMNV8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    1314911 | PA      | $1326216.71   | 0.25%             | 2055-08-25      | Floating      | 4.64%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                            | MORGAN STANLEY SR UNSECURED 10/30 VAR                     | CUSIP: 61747YFU4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     400000 | PA      | $399906.85    | 0.08%             | 2030-10-18      | Floating      | 4.65%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD INR BOUGHT USD 20260430                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $-6330.58     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD TRY BOUGHT USD 20260504                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $-3195.06     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD KWD BOUGHT USD 20290507                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $17583.29     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | IRS AUD 3.75000 03/18/26-5Y LCH                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | AU        |          1 | NC      | $695747.00    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| JAPAN GOVT                                                                | JAPAN (30 YEAR ISSUE) BONDS 09/46 0.5                     | CUSIP: ACI0PP6W6<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |  202000000 | PA      | $742170.69    | 0.14%             | 2046-09-20      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| GSR MORTGAGE LOAN TRUST 2006-AR1                                          | GSR MORTGAGE LOAN TRUST GSR 2006 AR1 2A1                  | CUSIP: 3623414A4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      10252 | PA      | $9732.59      | 0.00%             | 2036-01-25      | Floating      | 4.48%                 | No            |                  2 | On Loan: No      |
| ACE SECURITIES CORP 2006-NC2                                              | ACE SECURITIES CORP. ACE 2006 NC2 A1                      | CUSIP: 00441XAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     825749 | PA      | $638705.76    | 0.12%             | 2036-07-25      | Floating      | 4.07%                 | No            |                  2 | On Loan: No      |
| SAUDI ARABIA GOVT                                                         | SAUDI INTERNATIONAL BOND SR UNSECURED 144A 01/30 4.75     | CUSIP: 80413TBF5<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |    4800000 | PA      | $4800916.51   | 0.90%             | 2030-01-16      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD HKD BOUGHT USD 20260420                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | HK        |          1 | NC      | $1484.59      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP MTGE LOAN TR INC 2007-AMC1                                      | CITIGROUP MORTGAGE LOAN TRUST CMLTI 2007 AMC1 A1 144A     | CUSIP: 17311BAS2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     336452 | PA      | $189344.59    | 0.04%             | 2036-12-25      | Floating      | 4.11%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE HOME LOANS 2005-2                                             | COUNTRYWIDE HOME LOANS CWHL 2005 2 1A1                    | CUSIP: 12669GPN5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       5060 | PA      | $4710.44      | 0.00%             | 2035-03-25      | Floating      | 4.43%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.93000 03/24/25-10Y LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-11975.84    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                              | UBS GROUP AG SR UNSECURED 144A 09/30 VAR                  | CUSIP: 902613BL1<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |     700000 | PA      | $721819.69    | 0.14%             | 2030-09-13      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| RENAISSANCE HOME EQUITY LOAN TR 2006-3                                    | RENAISSANCE HOME EQUITY LOAN T RAMC 2006 3 AF6            | CUSIP: 75971EAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     967199 | PA      | $300243.57    | 0.06%             | 2036-11-25      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD TRY BOUGHT USD 20260417                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $-2175.11     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD ILS BOUGHT USD 20260610                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $47.74        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FRANCE GOVT                                                               | FRANCE (GOVT OF) BONDS 144A REGS 06/49 3                  | CUSIP: ACI2MHL63<br>LEI: 969500KCGF3SUYJHPV70 | Short            | DBT              | NUSS              | FR        |   -1000000 | PA      | $-934886.33   | -0.18%            | 2049-06-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD INR BOUGHT USD 20260407                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $2556.73      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD THB BOUGHT USD 20260520                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TH        |          1 | NC      | $214366.64    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.64000 03/31/26-9Y* LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $62994.95     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2019-4                                          | TOWD POINT MORTGAGE TRUST TPMT 2019 4 A1 144A             | CUSIP: 89178BAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1375750 | PA      | $1324024.13   | 0.25%             | 2059-10-25      | Variable      | 2.90%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD JPY BOUGHT USD 20260507                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |          1 | NC      | $-54999.59    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT SGD SOLD USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | SG        |          1 | NC      | $-55355.56    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT TWD SOLD USD 20260617                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TW        |          1 | NC      | $-108.62      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/4.2333* 03/31/26-27Y* LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-3516.38     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MEXICO GOVT                                                               | UNITED MEXICAN STATES SR UNSECURED 07/32 5.85             | CUSIP: 91087BBE9<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     200000 | PA      | $200970.00    | 0.04%             | 2032-07-02      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| FIRST FRANKLIN MTG LOAN ABS 2006-FF10                                     | FIRST FRANKLIN MTG LOAN ASSET FFML 2006 FF10 A1           | CUSIP: 32028HAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     359120 | PA      | $346463.65    | 0.07%             | 2036-07-25      | Floating      | 3.91%                 | No            |                  2 | On Loan: No      |
| CHINA GOVT                                                                | CHINA GOVERNMENT BOND BONDS 09/54 2.19                    | CUSIP: BRT57JII1<br>LEI: 300300CHN201808MOF68 | Long             | DBT              | NUSS              | CN        |   20000000 | PA      | $2794505.08   | 0.52%             | 2054-09-25      | Fixed         | 2.19%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD EUR BOUGHT USD 20260504                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-161542.35   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | OIS CAD CAONREPO/1.7500 12/16/16-30Y CME                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CA        |          1 | NC      | $-117342.97   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT PLN SOLD USD 20260415                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $-13924.86    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD MXN BOUGHT USD 20260417                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $-2545.55     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD MXN BOUGHT USD 20260617                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $1302.98      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT CNY SOLD USD 20260615                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $-296.74      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD KRW BOUGHT USD 20260427                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KR        |          1 | NC      | $316.85       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA GOVT                                                                | CHINA GOVERNMENT BOND BONDS 10/51 3.53                    | CUSIP: ACI217GZ0<br>LEI: 300300CHN201808MOF68 | Long             | DBT              | NUSS              | CN        |   28000000 | PA      | $4960939.17   | 0.93%             | 2051-10-18      | Fixed         | 3.53%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT CNY SOLD USD 20260401                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $0.23         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD INR BOUGHT USD 20260818                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $21280.44     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT CNY SOLD USD 20260702                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $-1186.90     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES 2016-3 CLASS AA PASS THROUGH TRUST                      | AMER AIRLINE 16 3 AA PTT PASS THRU CE 04/30 3             | CUSIP: 023771R91<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     172104 | PA      | $166942.16    | 0.03%             | 2030-04-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD EUR BOUGHT USD 20260408                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $13943.65     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR EUR ESTRON/1.79544 03/10/25-5Y* LCH                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |          1 | NC      | $-36345.17    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT HUF SOLD USD 20260415                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | HU        |          1 | NC      | $109.33       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD MXN BOUGHT USD 20260617                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $352.39       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD ZAR BOUGHT USD 20260722                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |          1 | NC      | $-14638.51    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD THB BOUGHT USD 20260416                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TH        |          1 | NC      | $9875.45      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MANSARD MORTGAGES PLC 2007-2X                                             | MANSARD MORTGAGES PLC MANSD 2007 2X A1 REGS               | CUSIP: B29VVWII5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |      23621 | PA      | $31282.46     | 0.01%             | 2049-12-15      | Floating      | 4.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | 31750SBB0 PIMCO FXVAN PUT USD KRW 1350.0000000            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | LU        |   -1117253 | NC      | $-892.69      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | REVERSE REPO JPM CHASE                                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -1609565 | PA      | $-1612927.21  | -0.30%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | US 5YR NOTE (CBT) JUN26 XCBT 20260630                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |        120 | NC      | $-196677.22   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC                                                      | KEURIG DR PEPPER                                          | CUSIP: 49271KDU5<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |    1100000 | PA      | $1096325.23   | 0.21%             | 2026-04-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD BRL BOUGHT USD 20260602                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $-8.92        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED KINGDOM GOVT                                                       | UNITED KINGDOM GILT BONDS REGS 07/51 1.25                 | CUSIP: BLH381II0<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |    2100000 | PA      | $1163746.58   | 0.22%             | 2051-07-31      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                                      | FNMA POOL CA6106 FN 06/50 FIXED 4                         | CUSIP: 3140QDYC2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     319180 | PA      | $304762.79    | 0.06%             | 2050-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT CZK SOLD USD 20260415                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CZ        |          1 | NC      | $-127.47      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| COUNTRYWIDE HOME LOANS 2004-22                                            | COUNTRYWIDE HOME LOANS CWHL 2004 22 A3                    | CUSIP: 12669F6Z1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       1521 | PA      | $1472.47      | 0.00%             | 2034-11-25      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT BRL SOLD USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $17741.91     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JAPAN GOVT                                                                | JAPAN (30 YEAR ISSUE) BONDS 03/49 0.5                     | CUSIP: ACI1B32J1<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |  428000000 | PA      | $1437867.49   | 0.27%             | 2049-03-20      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT EUR SOLD USD 20260408                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $3768.78      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK OF COMMERCE (CIBC)                                 | CANADIAN IMPERIAL BANK COVERED 144A 01/30 4.876           | CUSIP: 13607PVU5<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |    3700000 | PA      | $3795195.71   | 0.71%             | 2030-01-14      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD TRY BOUGHT USD 20260421                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $-3197.79     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD ILS BOUGHT USD 20260617                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $3475.99      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT TRY SOLD USD 20260406                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $6526.35      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT KRW SOLD USD 20260417                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KR        |          1 | NC      | $-168.56      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.75000 06/20/24-10Y LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $16142.62     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UMBS PASS THRU POOLS                                                      | FNMA TBA 30 YR 2 SINGLE FAMILY MORTGAGE                   | CUSIP: 01F020653<br>LEI: N/A                  | Short            | ABS-MBS          | USGSE             | US        |  -47950000 | PA      | $-38612860.97 | -7.25%            | 2056-05-13      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2016-H11                         | GOVERNMENT NATIONAL MORTGAGE A GNR 2016 H11 F             | CUSIP: 38375UXM7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     336495 | PA      | $337756.93    | 0.06%             | 2066-05-20      | Floating      | 4.58%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | CDX IG45 10Y ICE                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |          1 | NC      | $-20230.90    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UMBS PASS THRU POOLS                                                      | FNMA TBA 30 YR 3.5 SINGLE FAMILY MORTGAGE                 | CUSIP: 01F032666<br>LEI: N/A                  | Short            | ABS-MBS          | USGSE             | US        |   -5200000 | PA      | $-4756798.90  | -0.89%            | 2056-06-11      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | REVERSE REPO BANK OF AMERICA REVERSE REPO                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -192500 | PA      | $-192593.58   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                        | US TREASURY N/B 02/33 3.5                                 | CUSIP: 91282CGM7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     700000 | PA      | $673640.63    | 0.13%             | 2033-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                                      | GNMA II TBA 30 YR 2.5 JUMBOS                              | CUSIP: 21H022648<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    2500000 | PA      | $2151171.88   | 0.40%             | 2056-04-21      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SANDSTONE PEAK LTD 2021-1A                                                | SANDSTONE PEAK LTD. SAND 2021 1A A1R2 144A                | CUSIP: 800130BA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    1000000 | PA      | $997591.00    | 0.19%             | 2038-04-15      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD PEN BOUGHT USD 20260804                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PE        |          1 | NC      | $51157.86     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP MTGE LOAN TRUST INC 2005-6                                      | CITIGROUP MORTGAGE LOAN TRUST CMLTI 2005 6 A1             | CUSIP: 17307GXP8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        543 | PA      | $554.22       | 0.00%             | 2035-09-25      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| ARGENTINA GOVT                                                            | REPUBLIC OF ARGENTINA SR UNSECURED 07/30 VAR              | CUSIP: 040114HS2<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |     165591 | PA      | $139075.44    | 0.03%             | 2030-07-09      | Variable      | 0.75%                 | No            |                  2 | On Loan: No      |
| UMBS PASS THRU POOLS                                                      | FNMA TBA 30 YR 4 SINGLE FAMILY MORTGAGE                   | CUSIP: 01F040669<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     750000 | PA      | $706265.78    | 0.13%             | 2056-06-11      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2016-H24                         | GOVERNMENT NATIONAL MORTGAGE A GNR 2016 H24 F             | CUSIP: 38376RJ72<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     108640 | PA      | $109066.47    | 0.02%             | 2066-11-20      | Floating      | 4.63%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | OIS CAD CAONREPO/3.4000 03/14/24-9Y* LCH                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CA        |          1 | NC      | $-61648.54    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                        | US TREASURY N/B 08/45 4.875                               | CUSIP: 912810UN6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     200000 | PA      | $199390.62    | 0.04%             | 2045-08-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD EUR BOUGHT USD 20260414                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $2397.81      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT INR SOLD USD 20260424                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $3910.70      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ALTERNATIVE LN TR 2005-81                                     | COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2005 81 A1           | CUSIP: 12668BBN2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      18154 | PA      | $15236.95     | 0.00%             | 2037-02-25      | Floating      | 4.35%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.77147 03/12/25-30Y* LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $18897.90     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT KWD SOLD USD 20260713                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-714.84      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD TRY BOUGHT USD 20260408                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $-4513.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD TRY BOUGHT USD 20260430                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $-2215.69     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| COUNTRYWIDE HOME LOAN MORTGAGE PASS THROUGH TRUST 2004-J9                 | COUNTRYWIDE HOME LOANS CWHL 2004 J9 2A5                   | CUSIP: 12669GFK2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     134117 | PA      | $135817.82    | 0.03%             | 2035-01-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ABU DHABI GOVT                                                            | ABU DHABI GOVT INT L SR UNSECURED 144A 04/54 5.5          | CUSIP: 29135LAU4<br>LEI: 213800FER4348CINTA77 | Long             | DBT              | NUSS              | AE        |    1700000 | PA      | $1630888.51   | 0.31%             | 2054-04-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | CCS USD R USSOFR/JPYMUTKCALM-31.5 GLM                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | US        |          1 | NC      | $2836.23      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                   | GOLDMAN SACHS GROUP INC SR UNSECURED REGS 01/33 VAR       | CUSIP: ACI2T8KF7<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    1200000 | PA      | $1360249.18   | 0.26%             | 2033-01-23      | Floating      | 3.50%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC 2610                                                          | FREDDIE MAC FHR 2610 FD                                   | CUSIP: 31393QX80<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       1026 | PA      | $1025.40      | 0.00%             | 2032-12-15      | Floating      | 4.29%                 | No            |                  2 | On Loan: No      |
| BEAR STEARNS ALT-A TRUST 2006-2                                           | BEAR STEARNS ALT A TRUST BALTA 2006 2 23A1                | CUSIP: 07386HF71<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      45395 | PA      | $37572.36     | 0.01%             | 2036-03-25      | Floating      | 3.95%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT PLN SOLD USD 20260415                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $-17726.86    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                              | UBS GROUP AG SR UNSECURED 144A 05/32 VAR                  | CUSIP: 225401AU2<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |     500000 | PA      | $458700.88    | 0.09%             | 2032-05-14      | Floating      | 3.09%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                        | US TREASURY N/B 11/54 4.5                                 | CUSIP: 912810UE6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   12300000 | PA      | $11493773.38  | 2.16%             | 2054-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD ZAR BOUGHT USD 20260420                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |          1 | NC      | $-684.64      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MANHATTAN WEST 2020-1MW                                                   | MANHATTAN WEST OMW 2020 1MW A 144A                        | CUSIP: 563136AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1400000 | PA      | $1349488.28   | 0.25%             | 2039-09-10      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 4579                                                   | FREDDIE MAC FHR 4579 FD                                   | CUSIP: 3137BPPH6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      66206 | PA      | $65382.14     | 0.01%             | 2038-01-15      | Floating      | 4.15%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | EURO-BTP FUTURE   JUN26 XEUR 20260608                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | DE        |        339 | NC      | $-1815375.41  | -0.34%            |  |  |  | No            |                  1 | On Loan: No      |
| BARCLAYS PLC                                                              | BARCLAYS PLC SR UNSECURED 03/30 VAR                       | CUSIP: 06738ECR4<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |     200000 | PA      | $205546.87    | 0.04%             | 2030-03-12      | Floating      | 5.69%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD INR BOUGHT USD 20260407                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IN        |          1 | NC      | $26240.21     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.59500 08/19/24-10Y LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $8250.15      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SOUTH AFRICA GOVT                                                         | REPUBLIC OF SOUTH AFRICA BONDS 01/30 8                    | CUSIP: ACI0725J7<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |   26200000 | PA      | $1531735.19   | 0.29%             | 2030-01-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT EUR SOLD USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-1610.57     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PACIFIC GAS AND ELECTRIC CO                                               | PACIFIC GAS + ELECTRIC 1ST MORTGAGE 07/30 4.55            | CUSIP: 694308JM0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |     200000 | PA      | $197360.01    | 0.04%             | 2030-07-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| WASHINGTON MUTUAL ALTERNATIVE MORTGAGE PASS-THROUGH CERTIFICATES 2006-AR5 | WASHINGTON MUTUAL MORTGAGE PAS WMALT 2006 AR5 3A          | CUSIP: 93935AAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      13672 | PA      | $8542.03      | 0.00%             | 2046-07-25      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | DEUTSCHE BANK AKTIENGESELLSCH SLA SE ICE                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | DE        |          1 | NC      | $-14133.58    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR CHF SRFXON3/0.28250 02/14/22-5Y LCH                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CH        |          1 | NC      | $6137.01      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD HKD BOUGHT USD 20260420                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | HK        |          1 | NC      | $2534.17      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ROMANIA GOVT                                                              | ROMANIA SR UNSECURED 144A 12/29 1.375                     | CUSIP: ACI1T3QY3<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     140000 | PA      | $144750.36    | 0.03%             | 2029-12-02      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| RENAISSANCE HOME EQUITY LOAN TR 2006-4                                    | RENAISSANCE HOME EQUITY LOAN T RAMC 2006 4 AF3            | CUSIP: 75970HAF7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     635400 | PA      | $187677.10    | 0.04%             | 2037-01-25      | Variable      | 5.29%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD ZAR BOUGHT USD 20270127                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |          1 | NC      | $33700.03     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD THB BOUGHT USD 20260420                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TH        |          1 | NC      | $659.70       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT EGP SOLD USD 20260414                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | EG        |          1 | NC      | $-1695.01     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD CZK BOUGHT USD 20260415                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CZ        |          1 | NC      | $6.29         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                              | BARCLAYS PLC SR UNSECURED REGS 08/30 VAR                  | CUSIP: ACI2HT3X4<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    1400000 | PA      | $1679862.73   | 0.32%             | 2030-08-08      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.93000 06/25/25-30Y LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $36673.55     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR JPY MUTK/0.2500 09/14/22-10Y LCH                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | JP        |          1 | NC      | $-106919.06   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| GSAMP TRUST 2005-WMC2                                                     | GSAMP TRUST GSAMP 2005 WMC2 M1                            | CUSIP: 362341VA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     770974 | PA      | $770800.91    | 0.14%             | 2035-11-25      | Floating      | 4.44%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY ABS CAPITAL I 2006-HE8                                     | MORGAN STANLEY CAPITAL INC MSAC 2006 HE8 A1               | CUSIP: 61750SAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      78293 | PA      | $70839.50     | 0.01%             | 2036-10-25      | Floating      | 3.92%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/4.07585 03/13/26-20Y* LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $1225.17      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                        | TREASURY BILL 06/26 0.00000                               | CUSIP: 912797UC9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     431000 | PA      | $427130.16    | 0.08%             | 2026-06-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD KRW BOUGHT USD 20260415                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | KR        |          1 | NC      | $5959.90      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.25000 03/19/25-30Y LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $202724.16    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/4.24360 03/31/26-27Y* LCH                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-2674.87     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD GBP BOUGHT USD 20260505                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |          1 | NC      | $42.37        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT PLN SOLD USD 20260415                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $-1129.46     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/3.75000 12/18/24-2Y LCH                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $-6195.06     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD TRY BOUGHT USD 20260428                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $-3498.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT CNY SOLD USD 20260706                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $22.76        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| OBX 2023-NQM9 TRUST                                                       | ONSLOW BAY FINANCIAL LLC OBX 2023 NQM9 A1 144A            | CUSIP: 673921AA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     665733 | PA      | $671134.43    | 0.13%             | 2063-10-25      | Fixed         | 7.16%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD EUR BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $37410.02     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD BRL BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $-257740.95   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD ZAR BOUGHT USD 20260420                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |          1 | NC      | $-1992.17     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD CNH BOUGHT USD 20260402                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $-421.80      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD TRY BOUGHT USD 20260401                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $-1444.24     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SAUDI ARABIA GOVT                                                         | SAUDI INTERNATIONAL BOND SR UNSECURED 144A 01/28 5.125    | CUSIP: 80413TBJ7<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |    1400000 | PA      | $1415212.08   | 0.27%             | 2028-01-13      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ROCKFORD TOWER EUROPE CLO 2018-1A DAC                                     | ROCKFORD TOWER EUROPE CLO RFTE 2018 1A A1RR 144A          | CUSIP: ACI2ZP3T1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |    1800000 | PA      | $2079417.31   | 0.39%             | 2036-08-29      | Floating      | 3.27%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR USD SOFR/2.96478 10/05/22-4Y* LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |          1 | NC      | $143006.49    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | BOUGHT COP SOLD USD 20260617                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $935.63       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                       | RFR JPY MUTK/1.25000 09/17/25-10Y LCH                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | JP        |          1 | NC      | $-1010227.80  | -0.19%            |  |  |  | No            |                  2 | On Loan: No      |
| COSTA RICA GOVT                                                           | COSTA RICA GOVERNMENT BONDS 144A 11/30 5.4995             | CUSIP: ACI3721X4<br>LEI: 549300S1EK2VN6XVJP58 | Long             | DBT              | NUSS              | CR        |     750000 | PA      | $887406.90    | 0.17%             | 2030-11-21      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | SOLD TRY BOUGHT USD 20260420                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |          1 | NC      | $-777.93      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** PIMCO Variable Insurance Trust

**Signature:** /s/ Bijal Parikh

**Name of Signer:** Bijal Parikh

**Title:** Treasurer