# EDGAR Filing Document

**Accession Number:** 0001851077
**File Stem:** 0001851077-23-000008
**Filing Date:** 2023-3
**Character Count:** 52589
**Document Hash:** aafd93241d2d2e25cf09037325c386f7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001851077-23-000008.hdr.sgml**: 20230301

**ACCESSION NUMBER**: 0001851077-23-000008

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230301

**DATE AS OF CHANGE**: 20230228

**PERIOD START**: 20230630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PIMCO Flexible Emerging Markets Income Fund
- **CENTRAL INDEX KEY:** 0001851077
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MA

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23648
- **FILM NUMBER:** 23688812

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

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

  - **Street Address 1:** 1633 Broadway

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10019

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

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

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

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

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

- **a. Date of fiscal year-end:** 2023-06-30

- **b. Date as of which information is reported:** 2022-12-31

**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:** $27732723.67

**Total Liabilities:** $4289485.45

**Net Assets:** $23443238.22

**Cash Not Reported:** $384741.48

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 99.739000 | **1-Year:** 184.206900 | **5-Year:** 2941.912100 | **10-Year:** 8149.411100 | **30-Year:** 1187.114200

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

- **3-Month:** 412.307300 | **1-Year:** 536.200200 | **5-Year:** 876.371300 | **10-Year:** 1030.998000 | **30-Year:** 34.334100

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | -1.80%               | 8.13%                | 1.85%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-4564.48                | $-578903.13                                |
| Month 2  | $-4852.62                | $1811304.38                                |
| Month 3  | $-15150.18               | $347326.56                                 |

**Designated Index Information**

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

- **Index Identifier:** JPEGCOMP

### Schedule of Portfolio Investments

| Name                                                                          | Title                                                       | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |    Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| N/A                                                                           | IRS MXN 8.18000 08/03/22-5Y* CME                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | MX        |          1 | NC      | $8333.66      | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                           | IRS PLN 6.30000 07/14/22-6Y* CME                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | PL        |          1 | NC      | $-2658.62     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                           | OIS COP IBR/9.31000 08/16/22-3Y* CME                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CO        |          1 | NC      | $13235.35     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK HAPOALIM LTD                                                             | BANK HAPOALIM SUBORDINATED 144A REGS 01/32 V                | CUSIP: ACI2155Q6<br>LEI: B6ARUI4946ST4S7WOU88 | Long             | DBT              | CORP              | IL        |     200000 | PA      | $172948.00    | 0.74%             | 2032-01-21      | Floating      | 3.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                           | BOUGHT PLN SOLD USD 20230113                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $25.55        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                           | SOLD HUF BOUGHT USD 20230103                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | HU        |          1 | NC      | $-4914.16     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| BOI FINANCE BV                                                                | BOI FINANCE BV GOVT GUARANT REGS 02/27 7.5                  | CUSIP: ACI23L9D4<br>LEI: 724500ZH3H2YACBUNF38 | Long             | DBT              | MUN               | NL        |     150000 | PA      | $129674.25    | 0.55%             | 2027-02-16      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING LLC/CHARTER COMMUNICATIONS OPERATING CAPITAL | CHARTER COMM OPT LLC/CAP SR SECURED 04/61 3.85              | CUSIP: 161175BY9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     300000 | PA      | $174564.61    | 0.74%             | 2061-04-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| CHILEAN GOVT                                                                  | REPUBLIC OF CHILE SR UNSECURED 05/41 3.1                    | CUSIP: 168863DS4<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |     600000 | PA      | $433102.37    | 1.85%             | 2041-05-07      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| COLBUM TRANSMISSIN (ALFA DESARROLLO SPA)                                      | ALFA DESARROLLO SPA SR SECURED 144A 09/51 4.55              | CUSIP: 01538TAA3<br>LEI: 2549006BJAN34R520038 | Long             | DBT              | CORP              | CL        |     199271 | PA      | $151773.89    | 0.65%             | 2051-09-27      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| COLOMBIAN GOVT                                                                | REPUBLIC OF COLOMBIA SR UNSECURED 01/30 3                   | CUSIP: 195325DR3<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     200000 | PA      | $153567.65    | 0.66%             | 2030-01-30      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| COLOMBIAN GOVT                                                                | REPUBLIC OF COLOMBIA SR UNSECURED 02/42 4.125               | CUSIP: 195325EA9<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     200000 | PA      | $125764.87    | 0.54%             | 2042-02-22      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| COLOMBIAN GOVT                                                                | REPUBLIC OF COLOMBIA SR UNSECURED 02/44 5.625               | CUSIP: 195325BR5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     300000 | PA      | $221511.75    | 0.94%             | 2044-02-26      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| COLOMBIAN GOVT                                                                | TITULOS DE TESORERIA BONDS 11/25 6.25                       | CUSIP: ACI0ZZHZ4<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        | 1980200000 | PA      | $349950.67    | 1.49%             | 2025-11-26      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CONGO GOVT                                                                    | REPUBLIC OF CONGO SR UNSECURED REGS 06/29 VAR               | CUSIP: B2NFY1II9<br>LEI: 529900BXT90HR4QTB688 | Long             | DBT              | NUSS              | CG        |     285000 | PA      | $238660.43    | 1.02%             | 2029-06-30      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| CORSAIR INTERNATIONAL LIMITED                                                 | CORSAIR INTERNATIONAL SECURED REGS 01/29 VAR                | CUSIP: ACI2363N1<br>LEI: 213800F3PS68ENYG4O41 | Long             | DBT              | CORP              | JE        |     200000 | PA      | $211949.00    | 0.90%             | 2029-01-28      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| CORSAIR INTERNATIONAL LIMITED                                                 | CORSAIR INTERNATIONAL UNSECURED REGS 01/27 VAR              | CUSIP: ACI2363S0<br>LEI: 213800F3PS68ENYG4O41 | Long             | DBT              | CORP              | JE        |     600000 | PA      | $637452.67    | 2.72%             | 2027-01-28      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| CSN RESOURCES SA                                                              | CSN RESOURCES SA COMPANY GUAR REGS 06/31 4.625              | CUSIP: L21779AJ9<br>LEI: 222100ZEX458NMOXZP08 | Long             | DBT              | CORP              | LU        |     200000 | PA      | $158654.04    | 0.68%             | 2031-06-10      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| DAE FUNDING LLC                                                               | DAE FUNDING LLC COMPANY GUAR 144A 03/25 2.625               | CUSIP: 23371DAF1<br>LEI: 635400SZTPQL3Y1P2C76 | Long             | DBT              | CORP              | US        |     200000 | PA      | $187380.00    | 0.80%             | 2025-03-20      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| DUBAI GOVT                                                                    | DUBAI GOVT INT L BONDS SR UNSECURED REGS 09/50 3.9          | CUSIP: ACI1R22K3<br>LEI: N/A                  | Long             | DBT              | NUSS              | AE        |    1500000 | PA      | $1080693.00   | 4.61%             | 2050-09-09      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| EMPRESA DE LOS FERROCARRILES DEL ESTADO                                       | EMPRESA DE LOS FERROCARR SR UNSECURED 144A 08/50 3.068      | CUSIP: 292487AA3<br>LEI: 8755006LY8XNRFOGWN86 | Long             | DBT              | CORP              | CL        |     900000 | PA      | $566379.73    | 2.42%             | 2050-08-18      | Fixed         | 3.07%                 | No            |                  2 | On Loan: No      |
| FEL ENERGY VI SA RL                                                           | FEL ENERGY VI SARL SR SECURED REGS 12/40 5.75               | CUSIP: L3500LAA7<br>LEI: 254900H2U8PBIY32VI94 | Long             | DBT              | CORP              | LU        |    1108740 | PA      | $950417.40    | 4.05%             | 2040-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| FIBRA UNO (TRUST F/1401)                                                      | TRUST FIBRAUNO SR UNSECURED 144A 01/50 6.39                 | CUSIP: 898339AB2<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |     500000 | PA      | $404483.83    | 1.73%             | 2050-01-15      | Fixed         | 6.39%                 | No            |                  2 | On Loan: No      |
| FIBRA UNO (TRUST F/1401)                                                      | TRUST FIBRAUNO SR UNSECURED REGS 01/44 6.95                 | CUSIP: P9406GAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |     300000 | PA      | $260910.00    | 1.11%             | 2044-01-30      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| GALAXY PIPELINE ASSETS BIDCO LIMITED                                          | GALAXY PIPELINE ASSETS SR SECURED REGS 09/40 2.94           | CUSIP: ACI1VSJ07<br>LEI: 549300L82YB0C6JQIC26 | Long             | DBT              | CORP              | JE        |     773224 | PA      | $624422.82    | 2.66%             | 2040-09-30      | Fixed         | 2.94%                 | No            |                  2 | On Loan: No      |
| GC TREASURY CENTER CO LTD                                                     | GC TREASURY CENTRE CO COMPANY GUAR REGS 03/51 4.3           | CUSIP: 36830DAC5<br>LEI: 549300LUFQBC2EQNAR40 | Long             | DBT              | CORP              | TH        |     400000 | PA      | $279677.77    | 1.19%             | 2051-03-18      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| GHANA GOVT                                                                    | GHANA GOVERNMENT INTERNATIONAL SR UNSECURED REGS 04/29 7.75 | CUSIP: ACI1WTSQ7<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |     300000 | PA      | $112920.00    | 0.48%             | 2029-04-07      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| GHANA GOVT                                                                    | REPUBLIC OF GHANA SR UNSECURED REGS 03/61 8.75              | CUSIP: ACI1JX5F2<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |     200000 | PA      | $70848.00     | 0.30%             | 2061-03-11      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| GLOBE TELECOM INC                                                             | GLOBE TELECOM INC SR UNSECURED REGS 07/35 3                 | CUSIP: ACI1P6HT1<br>LEI: 254900GPWI1816YIM923 | Long             | DBT              | CORP              | PH        |     700000 | PA      | $509515.82    | 2.17%             | 2035-07-23      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GLP PTE LTD                                                                   | GLP PTE LTD SR UNSECURED REGS 06/25 3.875                   | CUSIP: Y27187AE6<br>LEI: 254900PC2NNG9BLIJO15 | Long             | DBT              | CORP              | SG        |     300000 | PA      | $244512.74    | 1.04%             | 2025-06-04      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| GUARA NORTE SARL                                                              | GUARA NORTE SARL SR SECURED REGS 06/34 5.198                | CUSIP: L4R02QAA8<br>LEI: 549300U2I4L03BBA3485 | Long             | DBT              | CORP              | LU        |     819513 | PA      | $694598.31    | 2.96%             | 2034-06-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| HEALTH AND HAPPINESS (H&H) INTERNATIONAL HOLDINGS LIMITED                     | HEALTH AND HAPPINESS H+H SECURED REGS 10/24 5.625           | CUSIP: ACI1G80C2<br>LEI: 2138007WU5DJFZFDDV59 | Long             | DBT              | CORP              | KY        |     200000 | PA      | $177800.00    | 0.76%             | 2024-10-24      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| HUNGARY GOVT                                                                  | NATIONAL BK HUNGARY BILL BILLS 01/23 0.00000                | CUSIP: ACI2BMD22<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | MUN               | HU        |  168000000 | PA      | $450405.16    | 1.92%             | 2023-01-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HUNGARY GOVT                                                                  | NATIONAL BK HUNGARY BILL BILLS 01/23 0.00000                | CUSIP: ACI2BTZ49<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | MUN               | HU        |   66000000 | PA      | $176944.89    | 0.75%             | 2023-01-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ISRAEL GOVT                                                                   | ISRAEL FIXED BOND BONDS 07/23 0.15                          | CUSIP: ACI1Q01H6<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |    2000000 | PA      | $558132.68    | 2.38%             | 2023-07-31      | Fixed         | 0.15%                 | No            |                  2 | On Loan: No      |
| 1MDB GLOBAL INVESTMENTS LIMITED                                               | 1MDB GLOBAL INVESTMENTS SR UNSECURED REGS 03/23 4.4         | CUSIP: Y6426NAA3<br>LEI: N/A                  | Long             | DBT              | NUSS              | VG        |    1000000 | PA      | $979077.43    | 4.18%             | 2023-03-09      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| JSW STEEL LIMITED                                                             | JSW STEEL LTD SR UNSECURED REGS 04/32 5.05                  | CUSIP: Y44680RW1<br>LEI: 335800EK6HZSC4CVAJ09 | Long             | DBT              | CORP              | IN        |     300000 | PA      | $237232.87    | 1.01%             | 2032-04-05      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| KUWAIT PROJECTS COMPANY SPC LIMITED                                           | KUWAIT PROJECTS CO SPC L COMPANY GUAR REGS 02/27 4.5        | CUSIP: ACI0SL4R5<br>LEI: 254900BQTJEWBK1TAN59 | Long             | DBT              | CORP              | AE        |     600000 | PA      | $506775.60    | 2.16%             | 2027-02-23      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY                                   | MASS MUTUAL LIFE INS CO SUBORDINATED 144A 04/50 3.375       | CUSIP: 575767AQ1<br>LEI: R6ZXK5P01NP6HXSY1S07 | Long             | DBT              | CORP              | US        |     100000 | PA      | $69576.18     | 0.30%             | 2050-04-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE LIMITED                                                 | MELCO RESORTS FINANCE SR UNSECURED REGS 04/26 5.25          | CUSIP: G5975LAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     300000 | PA      | $264474.57    | 1.13%             | 2026-04-26      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| METALSA SA DE CV                                                              | METALSA SA DE CV COMPANY GUAR 144A 05/31 3.75               | CUSIP: 59132VAB4<br>LEI: 549300F2FONGJR575V67 | Long             | DBT              | CORP              | MX        |     300000 | PA      | $236526.00    | 1.01%             | 2031-05-04      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| MEXICO GOVT                                                                   | MEX BONOS DESARR FIX RT BONDS 03/27 5.5                     | CUSIP: ACI20N8B8<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    7000000 | PA      | $313555.03    | 1.34%             | 2027-03-04      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MONG DUONG FINANCE HOLDINGS BV                                                | MONG DUONG FIN HLDGS BV SR SECURED REGS 05/29 5.125         | CUSIP: N6000DAA1<br>LEI: 549300995KGQFMWSV879 | Long             | DBT              | CORP              | NL        |     600000 | PA      | $500296.91    | 2.13%             | 2029-05-07      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| MORTIMER BTL 2020-1 PLC 20-1                                                  | MORTIMER BTL MORTI 2020 1 A REGS                            | CUSIP: ACI1Z2703<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |      71237 | PA      | $85856.12     | 0.37%             | 2052-06-21      | Floating      | 4.47%                 | No            |                  2 | On Loan: No      |
| NMC OPCO SPV LTD                                                              | NMC OPCO LTD AED 1ST LIEN TERM LOAN                         | CUSIP: 943UKWII4<br>LEI: N/A                  | Long             | LON              | CORP              | AE        |    1157143 | PA      | $311923.82    | 1.33%             | 2027-03-25      | Floating      | 10.36%                | No            |                  3 | On Loan: No      |
| NMC OPCO SPV LTD                                                              | NMC OPCO LTD AED TERM LOAN                                  | CUSIP: 945BMMII4<br>LEI: N/A                  | Long             | LON              | CORP              | AE        |    1542857 | PA      | $415898.43    | 1.77%             | 2027-03-25      | Floating      | 10.36%                | No            |                  3 | On Loan: No      |
| OCP SA (AKA: GROUPE OFFICE CHERIFIEN DES PHOSPHATES SA)                       | OFFICE CHERIFIEN DES PHO SR UNSECURED 144A 06/51 5.125      | CUSIP: 67091TAE5<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |     500000 | PA      | $381442.50    | 1.63%             | 2051-06-23      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| OI S.A. - EM RECUPERA\xc7\xc3O JUDICIAL                                       | OI SA TERM LOAN 1                                           | CUSIP: 938VGYII0<br>LEI: N/A                  | Long             | LON              | CORP              | BR        |     311545 | PA      | $109040.61    | 0.47%             | 2035-02-26      | Fixed         | 1.75%                 | No            |                  3 | On Loan: No      |
| OI S.A. - EM RECUPERA\xc7\xc3O JUDICIAL                                       | OI SA TERM LOAN 2                                           | CUSIP: 938XAMII8<br>LEI: N/A                  | Long             | LON              | CORP              | BR        |      72110 | PA      | $25238.50     | 0.11%             | 2035-02-26      | Fixed         | 1.75%                 | No            |                  3 | On Loan: No      |
| OI SA (AKA: BRASIL TELECOM S/A)                                               | OI SA COMPANY GUAR 07/25 VAR                                | CUSIP: P7354PAA2<br>LEI: 254900YEMWCRRAGD4978 | Long             | DBT              | CORP              | BR        |     400000 | PA      | $69120.52     | 0.29%             | 2025-07-27      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| ORACLE CORPORATION                                                            | ORACLE CORP SR UNSECURED 04/40 3.6                          | CUSIP: 68389XBW4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     400000 | PA      | $294892.96    | 1.26%             | 2040-04-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| PERU LNG SRL                                                                  | PERU LNG SRL SR UNSECURED REGS 03/30 5.375                  | CUSIP: P7721BAE1<br>LEI: 254900F70J1LOALV5K70 | Long             | DBT              | CORP              | PE        |     200000 | PA      | $167326.95    | 0.71%             | 2030-03-22      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| PETROLEOS DEL PERU SA - PETROPERU SA                                          | PETROLEOS DEL PERU SA SR UNSECURED 144A 06/47 5.625         | CUSIP: 716564AB5<br>LEI: 549300ZMGDLC9JT2OR80 | Long             | DBT              | CORP              | PE        |     800000 | PA      | $524660.00    | 2.24%             | 2047-06-19      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS (PEMEX)                                                   | PETROLEOS MEXICANOS COMPANY GUAR 01/45 6.375                | CUSIP: 71654QBR2<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    1400000 | PA      | $870176.86    | 3.71%             | 2045-01-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS (PEMEX)                                                   | PETROLEOS MEXICANOS COMPANY GUAR 09/47 6.75                 | CUSIP: 71654QCC4<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     600000 | PA      | $384170.22    | 1.64%             | 2047-09-21      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| POINSETTIA FINANCE LIMITED                                                    | POINSETTIA FINANCE LTD SR SECURED REGS 06/31 6.625          | CUSIP: G7150PAA8<br>LEI: 549300P2JTF5JKW10Z65 | Long             | DBT              | CORP              | KY        |     823500 | PA      | $698859.16    | 2.98%             | 2031-06-17      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| POLAND GOVT                                                                   | POLAND GOVERNMENT BOND BONDS 04/28 2.75                     | CUSIP: ACI09MMP8<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |     600000 | PA      | $112644.85    | 0.48%             | 2028-04-25      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| PRIMROSE RESIDENTIAL DAC 2021-1                                               | PRIMROSE RESIDENTIAL PRISE 2021 1 A REGS                    | CUSIP: ACI1XLKK4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | IE        |      84154 | PA      | $87978.73     | 0.38%             | 2061-03-24      | Floating      | 2.64%                 | No            |                  2 | On Loan: No      |
| PROSUS NV                                                                     | PROSUS NV SR UNSECURED REGS 01/30 3.68                      | CUSIP: N7163RAA1<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | DBT              | CORP              | NL        |     200000 | PA      | $166704.92    | 0.71%             | 2030-01-21      | Fixed         | 3.68%                 | No            |                  2 | On Loan: No      |
| PT BANTEN (LLPL CAPITAL PTE LTD)                                              | LLPL CAPITAL PTE LTD SR SECURED REGS 02/39 6.875            | CUSIP: Y51478AA6<br>LEI: 254900VXZ8FXTUQNON22 | Long             | DBT              | CORP              | SG        |     767880 | PA      | $678160.90    | 2.89%             | 2039-02-04      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ANGOLA VIA AVENIR ISSUER II IRELAND DAC                           | REP OF ANGOLA(AVENIR IS) SR SECURED REGS 02/27 6.927        | CUSIP: ACI1KDXD8<br>LEI: 635400VEZIQKZPR7KU35 | Long             | DBT              | NUSS              | IE        |     900000 | PA      | $825750.00    | 3.52%             | 2027-02-19      | Fixed         | 6.93%                 | No            |                  2 | On Loan: No      |
| ROMANIA GOVT                                                                  | ROMANIA SR UNSECURED REGS 04/33 2                           | CUSIP: ACI1X0BJ3<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     600000 | PA      | $413115.23    | 1.76%             | 2033-04-14      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| SAUDI ARABIA GOVT                                                             | SAUDI INTERNATIONAL BOND SR UNSECURED REGS 10/46 4.5        | CUSIP: M6320UAC3<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |     550000 | PA      | $489500.00    | 2.09%             | 2046-10-26      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SENEGAL GOVT                                                                  | REPUBLIC OF SENEGAL SR UNSECURED REGS 03/48 6.75            | CUSIP: V7691DAY2<br>LEI: 549300NP14ZLQGWIUZ97 | Long             | DBT              | NUSS              | SN        |     200000 | PA      | $141948.80    | 0.61%             | 2048-03-13      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SERBIA GOVT                                                                   | REPUBLIC OF SERBIA SR UNSECURED REGS 09/36 2.05             | CUSIP: ACI20JKL1<br>LEI: 254900W94OCY91V32O78 | Long             | DBT              | NUSS              | RS        |     200000 | PA      | $121371.87    | 0.52%             | 2036-09-23      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| SHAMROCK RESIDENTIAL 2021-1 DAC                                               | SHAMROCK RESIDENTIAL SROCK 2021 1 A REGS                    | CUSIP: ACI1VDFW4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | IE        |      78392 | PA      | $82613.77     | 0.35%             | 2059-12-24      | Floating      | 2.74%                 | No            |                  2 | On Loan: No      |
| SHARJAH GOVT                                                                  | FIN DEPT GOVT SHARJAH SR UNSECURED REGS 07/50 4             | CUSIP: ACI1P3VB1<br>LEI: N/A                  | Long             | DBT              | NUSS              | AE        |     200000 | PA      | $131730.00    | 0.56%             | 2050-07-28      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA EDISON COMPANY                                            | SOUTHERN CAL EDISON 1ST MORTGAGE 02/51 2.95                 | CUSIP: 842400GY3<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |     300000 | PA      | $193505.90    | 0.83%             | 2051-02-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP (AKA: AMERICAN TOWER REIT INC)                            | AMERICAN TOWER CORP SR UNSECURED 01/51 2.95                 | CUSIP: 03027XBK5<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |     300000 | PA      | $186987.00    | 0.80%             | 2051-01-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| STILLWATER MINING COMPANY                                                     | STILLWATER MINING CO COMPANY GUAR 144A 11/26 4              | CUSIP: 86074QAP7<br>LEI: 6354007DPCY4ZN2MRR73 | Long             | DBT              | CORP              | US        |     200000 | PA      | $176869.20    | 0.75%             | 2026-11-16      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| STRATTON BTL MORTGAGE FUNDING 2022-1 PLC 22-1                                 | STRATTON BTL MORTGAGE FUNDING STRAB 2022 1 A REGS           | CUSIP: ACI232PZ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |      90839 | PA      | $107162.23    | 0.46%             | 2054-01-20      | Floating      | 3.58%                 | No            |                  2 | On Loan: No      |
| STRATTON MORTGAGE FUNDING 21-2X                                               | STRATTON MORTGAGE FUNDING PLC STRA 2021 2X A REGS           | CUSIP: ACI1W5R98<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |      72930 | PA      | $87419.15     | 0.37%             | 2060-07-20      | Floating      | 3.75%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                              | T MOBILE USA INC COMPANY GUAR 11/60 3.6                     | CUSIP: 87264ABY0<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |     300000 | PA      | $199463.63    | 0.85%             | 2060-11-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| TELEMAR NORTE LESTE SA-EM RECUPERACAO JUDICIAL                                | TELEMAR NORTE LESTE SA TERM LOAN 2                          | CUSIP: 938VGTII1<br>LEI: N/A                  | Long             | LON              | CORP              | BR        |      19503 | PA      | $6826.11      | 0.03%             | 2035-02-26      | Fixed         | 1.75%                 | No            |                  3 | On Loan: No      |
| TELEMAR NORTE LESTE SA-EM RECUPERACAO JUDICIAL                                | TELEMAR NORTE LESTE SA TERM LOAN 3                          | CUSIP: 938VGUII8<br>LEI: N/A                  | Long             | LON              | CORP              | BR        |     224808 | PA      | $78682.75     | 0.34%             | 2035-02-26      | Fixed         | 1.75%                 | No            |                  3 | On Loan: No      |
| TELEMAR NORTE LESTE SA-EM RECUPERACAO JUDICIAL                                | TELEMAR NORTE LESTE SA TERM LOAN 5                          | CUSIP: 945BALII9<br>LEI: N/A                  | Long             | LON              | CORP              | BR        |      72034 | PA      | $25212.03     | 0.11%             | 2035-02-26      | Fixed         | 1.75%                 | No            |                  3 | On Loan: No      |
| TEMASEK FINANCIAL (I) LIMITED                                                 | TEMASEK FINANCIAL I LTD COMPANY GUAR REGS 08/41 2.375       | CUSIP: 87973RBB5<br>LEI: 549300XMGMDF3VRJMF12 | Long             | DBT              | CORP              | SG        |    1000000 | PA      | $708867.50    | 3.02%             | 2041-08-02      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| TRINITY SQUARE 2021-1 PLC                                                     | TRINITY SQUARE TRINI 2021 1X A REGS                         | CUSIP: ACI1WK4T6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |      72005 | PA      | $86043.36     | 0.37%             | 2059-07-15      | Floating      | 3.68%                 | No            |                  2 | On Loan: No      |
| ANGLOGOLD ASHANTI HOLDINGS PLC                                                | ANGLOGOLD HOLDINGS PLC COMPANY GUAR 10/30 3.75              | CUSIP: 03512TAE1<br>LEI: 213800745ZIXC4L6A131 | Long             | DBT              | CORP              | IM        |     300000 | PA      | $260454.69    | 1.11%             | 2030-10-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ANGLOGOLD ASHANTI HOLDINGS PLC                                                | ANGLOGOLD HOLDINGS PLC COMPANY GUAR 11/28 3.375             | CUSIP: 03512TAF8<br>LEI: 213800745ZIXC4L6A131 | Long             | DBT              | CORP              | IM        |     300000 | PA      | $262073.63    | 1.12%             | 2028-11-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                            | TREASURY BILL 01/23 0.00000                                 | CUSIP: 912796ZM4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     441000 | PA      | $439650.29    | 1.88%             | 2023-01-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ANTOFAGASTA PLC                                                               | ANTOFAGASTA PLC SR UNSECURED 144A 10/30 2.375               | CUSIP: 03718NAA4<br>LEI: 213800MY6QVH4FVLD628 | Long             | DBT              | CORP              | GB        |     200000 | PA      | $160834.32    | 0.69%             | 2030-10-14      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                            | TREASURY BILL 03/23 0.00000                                 | CUSIP: 912796YB9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     217000 | PA      | $215519.79    | 0.92%             | 2023-03-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                            | TREASURY BILL 03/23 0.00000                                 | CUSIP: 912796YK9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     100000 | PA      | $99234.76     | 0.42%             | 2023-03-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                            | US TREASURY N/B 08/41 1.75                                  | CUSIP: 912810TA6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     600000 | PA      | $410894.53    | 1.75%             | 2041-08-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| VALE SA                                                                       | VALE SA SUBORDINATED 12/49 VAR                              | CUSIP: B011X9II2<br>LEI: 254900SMTWBX7RU2SR20 | Long             | DBT              | CORP              | BR        |   14500000 | PA      | $1047042.95   | 4.47%             | 2049-12-29      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| N/A                                                                           | REVERSE REPO SOCIETE GENERALE REVERSE REPO                  | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | N/A       |    -394497 | PA      | $-422698.79   | -1.80%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                           | REVERSE REPO SOCIETE GENERALE REVERSE REPO                  | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -884802 | PA      | $-892037.34   | -3.81%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                           | REVERSE REPO SOCIETE GENERALE REVERSE REPO                  | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -535967 | PA      | $-540350.02   | -2.30%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                           | REVERSE REPO SOCIETE GENERALE REVERSE REPO                  | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -306228 | PA      | $-309687.50   | -1.32%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                           | REVERSE REPO STANDARD CHARTERE VAR 1                        | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -764499 | PA      | $-769723.08   | -3.28%            |  |  |  | No            |                  2 | On Loan: No      |
| ARGENTINA GOVT                                                                | REPUBLIC OF ARGENTINA SR UNSECURED 07/35 VAR                | CUSIP: 040114HT0<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    1500000 | PA      | $381750.00    | 1.63%             | 2035-07-09      | Variable      | 1.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                           | BOUGHT EUR SOLD USD 20230216                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $4234.31      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                           | SOLD GBP BOUGHT USD 20230216                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |          1 | NC      | $-9658.84     | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                           | SOLD HUF BOUGHT USD 20230103                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | HU        |          1 | NC      | $-666.24      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                           | BOUGHT BRL SOLD USD 20230202                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |          1 | NC      | $699.03       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                           | BOUGHT MXN SOLD USD 20230321                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $-181.45      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                           | SOLD ILS BOUGHT USD 20230731                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | IL        |          1 | NC      | $-669.06      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                           | SOLD PLN BOUGHT USD 20230113                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $-180.42      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                           | BOUGHT PLN SOLD USD 20230113                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $1800.26      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                           | SOLD CNH BOUGHT USD 20230119                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $-2706.97     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                           | SOLD COP BOUGHT USD 20230222                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |          1 | NC      | $27608.12     | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                           | SOLD HUF BOUGHT USD 20230103                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | HU        |          1 | NC      | $-6232.46     | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                           | SOLD PLN BOUGHT USD 20230113                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | PL        |          1 | NC      | $-16345.51    | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                           | SOLD EUR BOUGHT USD 20230216                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $-68732.48    | -0.29%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                           | SOLD MXN BOUGHT USD 20230207                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $-189.96      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                           | SOLD MXN BOUGHT USD 20230321                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $-42.17       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                           | BOUGHT CNY SOLD USD 20230119                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $13.82        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                           | BOUGHT CNY SOLD USD 20230314                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CN        |          1 | NC      | $16.44        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                           | SOLD HUF BOUGHT USD 20230103                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | HU        |          1 | NC      | $-14274.06    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                           | BOUGHT MXN SOLD USD 20230315                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $18.81        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                           | SOLD MXN BOUGHT USD 20230420                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | MX        |          1 | NC      | $-13852.00    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                           | TRS RCKM 01/30/33 MYC                                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | CN        |          1 | NC      | $-212537.21   | -0.91%            |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                                                           | BOUGHT EUR SOLD USD 20230216                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $4694.48      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                           | SOLD AED BOUGHT USD 20230316                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |          1 | NC      | $3.43         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                           | STATE OIL COMPANY OF THE AZERB EM SP JPM                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |          1 | NC      | $9701.63      | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| BAHAMAS GOVT                                                                  | COMMONWEALTH OF BAHAMAS SR UNSECURED 144A 06/29 9           | CUSIP: 056732AM2<br>LEI: 549300W13SXC7EKNJC20 | Long             | DBT              | NUSS              | BS        |     200000 | PA      | $171967.29    | 0.73%             | 2029-06-16      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-09

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

**Signature:** /s/ Bijal Parikh

**Name of Signer:** Bijal Parikh

**Title:** Treasurer